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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4683416 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 Reyus: 5:56am On Apr 27, 2016 |
I requested for 365days Tbills with GTB for the April 20th Bid. But my account was just debited for the bid yesterday, April 26th @ rate of 9.34%. Can anyone help me explain? |
Re: Treasury Bills In Nigeria by KwoiZabo(m): 9:09am On Apr 27, 2016 |
ernie4life:Guy does that apply to Tbills? I.e a 90 day Tbill at 6.5. 1million will give you 65k or 65k divided by 3? Which one? |
Re: Treasury Bills In Nigeria by unite4real: 9:29am On Apr 27, 2016 |
KwoiZabo: 65K divided by 4 and not even 3. 91 days is a quarter of 364 days. That is N16,250 |
Re: Treasury Bills In Nigeria by IHelp: 9:31am On Apr 27, 2016 |
KwoiZabo: Yes it does. 90days is for 3 months. So you divide by 4 and not 3. |
Re: Treasury Bills In Nigeria by KwoiZabo(m): 9:40am On Apr 27, 2016 |
unite4real:Thanks. I guess my decision to do 1.5m for 364 days in the last auction was a good one. Acct: ******** Amt: NGN1,358,461.02 Dr Desc: TREASURY BILLS INVESTMENT-trBP 265 NTB364DAYS_AUCTION Avail Bal: NGN ***. The bank (GT) charged about 1800 as custody & commission fee. At this rate it should be 9.3% of 1.5m or 10.2% of the deducted amount which is how fixed deposit is calculated. |
Re: Treasury Bills In Nigeria by quertyquack: 2:30pm On Apr 27, 2016 |
You think so? Wait a few months after budget is signed. You go see 14% for 182 days, 15% for 364. You go lock in for one year. KwoiZabo: |
Re: Treasury Bills In Nigeria by Etfash(m): 9:27am On Apr 28, 2016 |
quertyquack: Wow! The more you look, the more you really need to look. |
Re: Treasury Bills In Nigeria by CopyLearner: 9:06am On May 04, 2016 |
Why is the house deserted? |
Re: Treasury Bills In Nigeria by FunmyKemmy(f): 10:29am On May 04, 2016 |
Because the budget is not passed yet. 3 Likes |
Re: Treasury Bills In Nigeria by babakess: 9:33am On May 05, 2016 |
Stop rate.....for may 4th.. 91. Days.....7.999% 182 days......9.00% 365 days.....11.05% 7 Likes |
Re: Treasury Bills In Nigeria by Zeiya(f): 12:28pm On May 05, 2016 |
babakess: Yeso Tbills is making more sense. Make I go crash my FD sharply |
Re: Treasury Bills In Nigeria by sammily(m): 12:33pm On May 05, 2016 |
babakess:
|
Re: Treasury Bills In Nigeria by TopKol: 2:25pm On May 05, 2016 |
I beg, when is the next TB auction? |
Re: Treasury Bills In Nigeria by freeradical(m): 2:29pm On May 05, 2016 |
Just visited Zenith bank today to enquire about interest rates for FD and was told it's a paltry 2.5%. Na vex I carry comot for there. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 5:25pm On May 05, 2016 |
As old as this thread is, and the level it has attained people are still asking when the next auction would be.. So all that people took out their time and energy to explain on how to determine the auction date are just nonsense? I just tire 4 some Nigerians and their fo@lish questions. You ask question today, the answer will be provided, and another person will come tomorrow and ask the same question again. 1 Like |
Re: Treasury Bills In Nigeria by Rexceedo: 5:44pm On May 05, 2016 |
I made my T-bill debut... I just got alert from FCMB, that my #240000 bid @ 10.2% was successful. Debit alert DESC: VAL OF T-BILL AMT:NGN215,661.66 While they charge #360 as custodian fee. 1 Like |
Re: Treasury Bills In Nigeria by BitterTruthUass(f): 6:04pm On May 05, 2016 |
Haha, Zenith is one of the worst Banks in Nigeria. They portray themselves as diligent but scam. freeradical: |
Re: Treasury Bills In Nigeria by BitterTruthUass(f): 6:06pm On May 05, 2016 |
Ur bid must be for 365days to get 10.2%? Rexceedo: |
Re: Treasury Bills In Nigeria by Rexceedo: 6:29pm On May 05, 2016 |
Exactly. Cash Deposit have been milking me all this while. BitterTruthUass: |
Re: Treasury Bills In Nigeria by godash(m): 2:22pm On May 06, 2016 |
mekaboy: @mekaboy, how do you do FD with GTBank? I have an amount with them already. Thanks. |
Re: Treasury Bills In Nigeria by godash(m): 2:24pm On May 06, 2016 |
babakess: Hi. How do you get this rates before it is officially published on cbn.gov.ng? |
Re: Treasury Bills In Nigeria by Rooneyboy(m): 4:44pm On May 06, 2016 |
Now that the nigga has passed the budget , I've got over 5 mill to spare, just lying in my account and I don't know how to go about this TBills stuff. Which bank is has the best rates |
Re: Treasury Bills In Nigeria by walexy14(m): 7:00pm On May 06, 2016 |
Rexceedo:10.2% is a good rate Considering the volume |
Re: Treasury Bills In Nigeria by aamgroup: 12:08am On May 07, 2016 |
guys the budget has been signed as we all know..... Please kindly input your contributions and you ideas on when to invest ............. and most importantly the best stop rate. thanks 2 Likes |
Re: Treasury Bills In Nigeria by johnhack: 7:14pm On May 07, 2016 |
waiting patiently for a better rate of TB 1 Like |
Re: Treasury Bills In Nigeria by TopKol: 1:37am On May 08, 2016 |
Can someone explain the difference between Treasury Bill (TB) and Federal Govt Bond (FB)? I know the max year for TB is 364 days and FB varies from 5-20 years. Any other differences? |
Re: Treasury Bills In Nigeria by Nobody: 11:14am On May 08, 2016 |
walexy14:Walexy14: Hope Rosabon will improve their rates too. |
Re: Treasury Bills In Nigeria by inze(m): 6:12pm On May 08, 2016 |
TopKol: . . . you have just explained the difference. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 8:30pm On May 08, 2016 |
johnhack: Keep waiting. You berra take the 6 % before you see it dwindle to 2% |
Re: Treasury Bills In Nigeria by IHelp: 9:42pm On May 08, 2016 |
TopKol: For treasury bill you get the "interest" from the face value, while for bond the interest is bi annual. |
Re: Treasury Bills In Nigeria by mekaboy(m): 7:27am On May 09, 2016 |
godash: Just go there they will give u a form to fill. Once ur done th amount will be deducted from your account. It 4.5% for anything above 1m for 30days. That's even if it's 1.01m. I did 30 days because I am waiting for the budget to be signed. So once 30 days is over I go into Tbills. |
Re: Treasury Bills In Nigeria by Rexceedo: 10:08am On May 09, 2016 |
Pls, is the interest of 4.5% monthly or yearly? I.e what will 1.5m accrue in a month? Someone told me is 4.5%/12=0.00375 for a month. mekaboy: |
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