NTB stands for Nigeria Treasury Bill.

Its an investment whereby and Individual stacks his or her money through any commercial bank in Nigeria to Our Nigerian Central Bank.

An Interest is Paid to You Upfront.

Bidding is done every two (2) Wednesday by your issuing Bank.

Follow us on this trend, to get regular updates on last interest rates and our forecast for next rate.

Primary Market Rate for 5th May 2016

Following boss

please brief me more on this TB

Helo Hopewealth. NTB is an investment, but your money is giving to CBN and they pay you upfront.
its highly recommended, compared to fixed deposit. you can buy from any commercial bank in nigeria. And minimum is 100k.

hopewealth:
please brief me more on this TB

Now that the budget has been signed, what rate should be hoping for?

Ryder306:
Now that the budget has been signed, what rate should be hoping for?

Interest rate does not actually depend on the budget being signed or not, it depends among other things on inflation, demand and supply etc, you can read my blog on the determinants of tb rates on mutual funds Nigeria dot com

Naijainvestor:


Interest rate does not actually depend on the budget being signed or not, it depends among other things on inflation, demand and supply etc, you can read my blog on the determinants of tb rates on mutual funds Nigeria dot com

Thanks. but every time i call my bank officer to enquiry abt fixed deposit interest, they keep assuring me the rates will go up when d budget issue is settle. Asin inflow of cash into economy.

Wen is d nxt auction date n wen shud one submit bid?

jp130:
Wen is d nxt auction date n wen shud one submit bid?

18 Wednesday May. I think you should submit ur bid a day before (That's Tuesday)

Ryder306:


Thanks. but every time i call my bank officer to enquiry abt fixed deposit interest, they keep assuring me the rates will go up when d budget issue is settle. Asin inflow of cash into economy.

I do not see the rate jumping significantly besides, a jump in rate may be good for you but is not good for the economy because it hurts the real sector. Many countries are even in a negative rate era now so do not expect a miraculous jump in rate if any

On 17th of may, 2016. summit quate before 5pm, else you wait for another two weeks.

Ryder306:


18 Wednesday May. I think you should submit ur bid a day before (That's Tuesday)

We are hoping 364 days will go for 11.5

miitcash:
We are hoping 364 days will go for 11.5

Can one choose to withdraw invested money before date of maturity?

Treasury bill 04.05.2016
Last treasury bill auction stop rate was 11.05 for364days.
FGN Bond 11.05.2016
Successful bids for the 15.54%FGN FEB 2020, 12.50% FGN JAN 2026 and 12.40% FGN MAR 2036 were allotted at the Marginal Rates of
13.2490%,13.7430% and 13.9000%, respectively.
Next treasury bill am looking at between 12% to 12.7% for 364days

suyamasta:
Can one choose to withdraw invested money before date of maturity?

No unless you sell it in the secondary market

miitcash:
Helo Hopewealth. NTB is an investment, but your money is giving to CBN and they pay you upfront.
its highly recommended, compared to fixed deposit. you can buy from any commercial bank in nigeria. And minimum is 100k.

I heard with as low as #10k, one can invest in NTB now

No, until maturity, unlike fixed deposit, you can call up deposit any time.

suyamasta:
Can one choose to withdraw invested money before date of maturity?

It all depend on the issuing bank, mostly 100k, except FBN who promote investment with small amount, anyway it all depends on the bank branch.

PrinceRey:


I heard with as low as #10k, one can invest in NTB now

Miitcash: Thanks for quick response to most questions. abeg is there a page(blog or website) where one can get current n updates of bank fix deposit interest rates n Treasury bill bids. i have people talk about cbn website but usually i dont seem to understand jack on that site.....too much figures.

Naijainvestor: U advised i check ur blog, link pls

Ryder306:
Miitcash: Thanks for quick response to most questions. abeg is there a page(blog or website) where one can get current n updates of bank fix deposit interest rates n Treasury bill bids. i have people talk about cbn website but usually i dont seem to understand jack on that site.....too much figures.

Naijainvestor: U advised i check ur blog, link pls

They do not allow my link here, it is mutualfunds Nigeria . Com

Naijainvestor:

They do not allow my link here, it is mutualfunds Nigeria . Com

OK. Thanks

Naijainvestor:

No unless you sell it in the secondary market

Ok thanks for the info

miitcash:
No, until maturity, unlike fixed deposit, you can call up deposit any time.

ok thanks for the info

All NTB segueing Bank will be at the trading floor 8am Wednesday morning 18th of may 2016.

So are you interested in investing in NTB, rush to you bank, Pick the form, fill the form and summit it on or before 5pm Tuesday 17th may 2015.

Else you wait for 1st of June turn.

WISHING YOU ALL SAVE INVESTMENT THIS WEEK, HAPPY NTB PURCHASE.OK

miitcash:
All NTB segueing Bank will be at the trading floor 8am Wednesday morning 18th of may 2016.

So are you interested in investing in NTB, rush to you bank, Pick the form, fill the form and summit it on or before 5pm Tuesday 17th may 2015.

Else you wait for 1st of June turn.

WISHING YOU ALL SAVE INVESTMENT THIS WEEK, HAPPY NTB PURCHASE.OK

Can u please advice me on what rate i shld bid for a 1m

miitcash:
All NTB segueing Bank will be at the trading floor 8am Wednesday morning 18th of may 2016.

So are you interested in investing in NTB, rush to you bank, Pick the form, fill the form and summit it on or before 5pm Tuesday 17th may 2015.

Else you wait for 1st of June turn.

WISHING YOU ALL SAVE INVESTMENT THIS WEEK, HAPPY NTB PURCHASE.OK

so with 100k one can only earn 9.17% after 91days,so awkward

@Miitcash please idea on 365days rate for 18th May 2016?

Ryder306:

Can u please advice me on what rate i shld bid for a 1m

For 1m at 364days its about 11.5% dats 115k. Paid to u upfront.

Biakwa:
@Miitcash please idea on 365days rate for 18th May 2016?

U will have to wait for 1st june 2016 NTB SALES. OK

This week is wholesome, better interest rate. Gather enough money guys for 1/6/2016 bidding. We roll that way.

HAPPY INVESTMENT