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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4592788 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by Andibot(m): 1:13am On Apr 20, 2016 |
My guys ever since I stumbled on TBills, from NL and especially from you guys It has been a kind of pay off for all the internet and other responsibilities one has to meet up with. However I want to say that TBills is something you wait on. What other business investment can one do that is lucrative and time bound while one awaits TBill? 1 Like 2 Shares |
Re: Treasury Bills In Nigeria by mekaboy(m): 8:20am On Apr 20, 2016 |
Andibot: You can find that in business section. |
Re: Treasury Bills In Nigeria by pipz(m): 5:42pm On Apr 20, 2016 |
Auction Date 20/04/2016 20/04/2016 20/04/2016 Allotment / Issue Date 21/04/2016 21/04/2016 21/04/2016 Tenor (91-Day) (182-Day) (364-Day) Offer Amount (=N=) 36,786,994,000 35,000,000,000 95,730,415,000 Total Subscription (=N=) 37,309,204,000 51,502,777,000 164,394,867,000 Allotment (=N=) 36,786,994,000; 35,000,000,000; 95,730,415,000 Range of Bid Rates (%): 5.0000 – 10.0000; 6.0100 – 10.0235; 8.9900 – 14.2521 Stop Rates (%): 7.8802; 8.9900; 10.2485 1 Like |
Re: Treasury Bills In Nigeria by mekaboy(m): 6:28pm On Apr 20, 2016 |
pipz: Chai, I missed out, by the time I found out the bidding was today, first bank said they have stopped collecting bids. I would have failed sha, planned to bid for 8%. but as soon as the budget is signed the 91 days will be up to 10%. I will just do 30days fixed deposit with gtb and wait. |
Re: Treasury Bills In Nigeria by toast224: 7:59pm On Apr 20, 2016 |
mekaboy:Pls what's the fixed deposit rate of gtb? |
Re: Treasury Bills In Nigeria by seemples(f): 8:03pm On Apr 20, 2016 |
mekaboy: Up to 10% sir? Why's that please? |
Re: Treasury Bills In Nigeria by just2endowed: 9:18pm On Apr 20, 2016 |
rate are getting high...i think its time to liquidaTe my FD |
Re: Treasury Bills In Nigeria by mekaboy(m): 12:27am On Apr 21, 2016 |
toast224:4.5% for anything above 1 million and 4% for less than 1 m. |
Re: Treasury Bills In Nigeria by mekaboy(m): 12:30am On Apr 21, 2016 |
seemples: There will be excess money in circulation, which leads to inflation. So the CBN has to make the rates attractive for people to bring out their money and they take it out of circulation. It has already started even though the budget has not been signed but u can see its going up already. |
Re: Treasury Bills In Nigeria by Reyus: 11:45am On Apr 21, 2016 |
The Rates are gradually climbing. |
Re: Treasury Bills In Nigeria by nnemak(m): 2:54pm On Apr 21, 2016 |
Zenith gave 5.8 for 91days. |
Re: Treasury Bills In Nigeria by Desanta(m): 3:47pm On Apr 21, 2016 |
Please house, when you decide not to rollover your investment, is your money paid into your account on the day of maturity or on the next day after maturity? |
Re: Treasury Bills In Nigeria by Chukzyfcb(m): 11:25pm On Apr 21, 2016 |
Chukzyfcb:Call me prophet chukzy, tha seer,lool. Exactly as predicted |
Re: Treasury Bills In Nigeria by isaacology(m): 11:40pm On Apr 21, 2016 |
I think GTB bank has duped me ooo.i applied for T.B with them and i received message from them that 300,000 naira for 182days ,the interest happens to be 12,680 naira....i think the interest is less than 5%... pls someone should help me out |
Re: Treasury Bills In Nigeria by odalon: 3:35am On Apr 22, 2016 |
I salute all the great minds in this section, it's been blessing following this tread. Please forgive me for asking question outside what the tread is meant for. My question is "Why is Bond 2020 rate higher than that of 2025,2030 and others" . I think the longer the tenor the higher should the rate be but it seems different . Please help someone that wants to learn. Thanks to all @feelamong and other guru's please help a brother |
Re: Treasury Bills In Nigeria by IHelp: 7:03am On Apr 22, 2016 |
odalon: I think one of the reason is the market rate when the bond is first launched. Also looking at the economy, the inflation rate at the time the bond is being flown out and possible rate change during the tenure of the bond. How important the money is to the government at the time I think can also affect the rate. As the higher the rate the more bids you get. This is just my thinking and might be far from the answer. Waiting to learn from others |
Re: Treasury Bills In Nigeria by feelamong(m): 7:25am On Apr 22, 2016 |
odalon: Do not confuse Coupon rate with Yield. At the point of issuance, the Yield is the Coupon rate...This is essentially the prevailing rate in the country then based on the realitities on ground then, (Inflation, Interest rates, Liquidity in the money market) However shortly after issue, the Bond is now left to the ups and downs of the economy based on the factors earlier mentioned.. Recall that this same FGN Bond 2020 (15.54%) was trading at 16% around September last year when JP Morgan left and it droped to as low as 10.20% sometime early this year.... |
Re: Treasury Bills In Nigeria by odalon: 8:52am On Apr 22, 2016 |
@IHelp and feelamong thanks for taking your precious time to respond. Thanks a million times 2 Likes |
Re: Treasury Bills In Nigeria by unite4real: 2:13pm On Apr 22, 2016 |
isaacology: Interest is par annum. so your interest is exactly 8.45%. The amount you earned par annum should have been N25,360. But since it was for 182 days which is half a year, the amount was divided by 2 to arrive at N12,680. 1 Like |
Re: Treasury Bills In Nigeria by isaacology(m): 6:31pm On Apr 22, 2016 |
unite4real: thank you very much..... |
Re: Treasury Bills In Nigeria by 40manlappy: 10:51pm On Apr 22, 2016 |
@unite4real, feelamong, other gurus Good evening. I did T Bills on March 16 and got 7.6% pa for 182 days. Meanwhile, a smaller amount that I did this week gave me 8.5% pa for the same 182 days. With the way rates are going up now and the likelihood of it going much higher after the budget is signed into law, is it reasonable to liquidate my initial Tbills investment now and reinvest later to earn a higher interest? |
Re: Treasury Bills In Nigeria by unite4real: 6:32am On Apr 23, 2016 |
40manlappy: Business is about speculations and decisions. Just know that because you have taken your discounted interest already, you cannot get your full principal amount since you are not holding your instrument to maturity. However if rates are going up and you liquidate to reinvest, you might be making more dough depending on the margin of interest. Definitely rates will keep going higher from now. |
Re: Treasury Bills In Nigeria by 40manlappy: 6:38am On Apr 23, 2016 |
unite4real: Thank you |
Re: Treasury Bills In Nigeria by seemples(f): 10:23am On Apr 23, 2016 |
mekaboy: Ok..Looks good; thanks! |
Re: Treasury Bills In Nigeria by yomi007k(m): 2:48pm On Apr 23, 2016 |
BitterTruthUass: Lol Chai, u harsh oo ![]() |
Re: Treasury Bills In Nigeria by Daddi: 7:25pm On Apr 25, 2016 |
unite4real:pls if one applies to liquidate his TBills before maturity, what percentage will he be losing? How'll it be calculated? Thanks 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 6:39am On Apr 26, 2016 |
mekaboy:4.5% per annum? Correct? |
Re: Treasury Bills In Nigeria by mekaboy(m): 8:35am On Apr 26, 2016 |
omoteamac:yes. |
Re: Treasury Bills In Nigeria by walexy14(m): 1:00pm On Apr 26, 2016 |
4% Daddi: |
Re: Treasury Bills In Nigeria by Rexceedo: 1:38pm On Apr 26, 2016 |
All thanks to the financial gurus in this thread. Its been a while I've been following this thread- its quite informative. I'd staged with UBA Fix Deposit for almost one year but since I learnt about T-bill, its now boring to me. Please when its the next auction? Since FBN is more preferable with the best yield, can I buy it via them without an account there?? Can I give a start with 250k via FBN ![]() cc; anyone who can help me out. 1 Like |
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