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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4592380 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 olujaidi: 4:06pm On Jul 20, 2016 |
Re: Treasury Bills In Nigeria by feelamong(m): 4:12pm On Jul 20, 2016 |
Dear Feelamong, Please find below NTB Auction result for July 20, 2016 Auction Date 20/07/2016 20/07/2016 20/07/2016 Allotment / Issue Date 21/07/2016 21/07/2016 21/07/2016 Tenor (91-Day) (182-Day) (364-Day) Offer Amount (=N=) 36,786,994,000 39,175,905,000 52,000,000,000 Total Subscription (=N=) 52,081,526,000 85,067,822,000 255,237,914,000 Allotment (=N=) 36,786,994,000 39,175,905,000 129,000,000,000 Range of Bid Rates (%): 9.5000 – 17.0108 11.0000 – 18.6108 12.0000 – 21.0693 Stop Rates (%): 14.1400 15.4850 16.4800 2 Likes |
Re: Treasury Bills In Nigeria by feelamong(m): 4:13pm On Jul 20, 2016 |
The good days are back again!! We are now fully back in Business!! ![]() 1 Like |
Re: Treasury Bills In Nigeria by Cation(m): 4:25pm On Jul 20, 2016 |
feelamong:e dey do me like film.hmmm hope government will be able to pay back |
Re: Treasury Bills In Nigeria by MrTour: 5:21pm On Jul 20, 2016 |
Pls what rate do I actually get on Tbills, I bidded 9.5% yesterday for 91 days? Do I get the 9.5% I bidded or 14.14%? Thanks |
Re: Treasury Bills In Nigeria by ukay2: 5:25pm On Jul 20, 2016 |
MrTour: 9.5% you will get 2 Likes |
Re: Treasury Bills In Nigeria by MrTour: 5:49pm On Jul 20, 2016 |
Chai that's some serious money I missed out on nearly 5% more, if I had asked bank to bid for me they probably would have gone 9.5 % as well. ukay2: |
Re: Treasury Bills In Nigeria by Biakwa: 7:40pm On Jul 20, 2016 |
This is serious ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by lancee(m): 8:11pm On Jul 20, 2016 |
i hear say it may get to 17+ Let wait for the next Tbills , na small small we go do dey do am |
Re: Treasury Bills In Nigeria by SuccessGee(m): 8:13pm On Jul 20, 2016 |
I was at my bank today (SCB) to bid for this week TB auction, and i was i told its closed already but i can bid at the secondary market at the discount rate of 10% for 182 days. I dont know if this is good enough? my people should i go ahead or wait to bid at the next primary market. This is my first Tbills attempt |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:22pm On Jul 20, 2016 |
Chai.. ..i don' short badly.. .....i go bid 12% for 182 days, I dey short 3%......and I no go fit improve my bid until next year. Thank God I didn't bid with diamond who were telling me 9.5% for 182days. But with d bad news of d economy, I say again, hope d Govt won't owe us.. ...pls gurus in d house. ....wats ur take. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:37pm On Jul 20, 2016 |
@feelamong, it's like u got in at the rates u posted, how did u do it, how did u get d info. For future trades, I would love to join ur band wagon. Some say it's becos d govt needs money due to d bad economy dats y d rates r high. How did u guage ur entry. |
Re: Treasury Bills In Nigeria by plendil: 9:19pm On Jul 20, 2016 |
2 Likes |
Re: Treasury Bills In Nigeria by Adesiji77: 9:28pm On Jul 20, 2016 |
Notice of MPC Meeting The 251st Meeting of the Monetary Policy Committee (MPC) is scheduled to hold as follows: Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja Day 1: Monday, July 25, 2016 Time: 10:00am Day 2: Tuesday, July 26, 2016 Time: 9:00am http://www.cbn.gov.ng/Out/2016/CCD/Notice%20of%20251st%20MPC%20Meeting.pdf 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Adesiji77: 9:34pm On Jul 20, 2016 |
feelamong: ![]() ![]() Some guys will now be thinking of "crashing" Tbills that they earlier booked at lower rates...feelamong, do you think it makes sense to liquidate one that is currently running for between 8%-9% pa for 180 days and bid for higher rates at the next auction? |
Re: Treasury Bills In Nigeria by spanish1: 10:15pm On Jul 20, 2016 |
hello house,im jst considering dis bond thing o.pls kindly update when the next bidding is out.thanks |
Re: Treasury Bills In Nigeria by FKBZ: 6:36am On Jul 21, 2016 |
Adesiji77: WOULD LOVE TO HEAR YOUR OPINION....FEELAMONG AND WHAT RATE WOULD ONE PAY TO LIQUIDATE... 2 Likes |
Re: Treasury Bills In Nigeria by Ayobami9364(m): 7:08am On Jul 21, 2016 |
Pls,am new here,I submitted my bid last week for as low as 14.5 for 364 days ,gt bank, wen am I going to b debited as I am yet to receive any alert, will appreciate any form of replies ,thank u |
Re: Treasury Bills In Nigeria by feelamong(m): 7:22am On Jul 21, 2016 |
zamirikpo: For the records, I did not get the Stop rates... I actually bidded for 91 days at 12% now we know we are fully back in businesss Seems the govt is trying to attract the FPIs, at least to get the dollars which is very scarce! i expect these rates to remain high for the next 6 - 8 months 3 Likes |
Re: Treasury Bills In Nigeria by feelamong(m): 7:25am On Jul 21, 2016 |
Adesiji77: It actually makes sence to liquidate a running TB, take in the loss and go for the higher rates.. but then as it is now; you cannot discount your TB unless the volume is up to N100M (like i was told by most banks) so it means you have to hold till maturity We need to have a vibrant secondary market for retail customers( Only the banks and Big PFAs, Fund Managers are enjoying the secondary market now) |
Re: Treasury Bills In Nigeria by feelamong(m): 7:27am On Jul 21, 2016 |
Ayobami9364: You should be debited today or in some banks by morrow morning.... 1 Like 1 Share |
Re: Treasury Bills In Nigeria by olujaidi: 8:14am On Jul 21, 2016 |
feelamong: Or you could use a money market mutual fund. They invest in TBs so their yields track TB rates |
Re: Treasury Bills In Nigeria by ummitoagirl(f): 9:48am On Jul 21, 2016 |
See blessing in disguise, I applied for 182 days @ 12.10%, but I got my instruction in very late! So I didn't make it. Thank God I can bid 14.5% for August 4th! Lovely days ahead. 2 Likes |
Re: Treasury Bills In Nigeria by Adesiji77: 12:38pm On Jul 21, 2016 |
feelamong: You can actually discount TBs that are far less than that. Talking from experience... ![]() |
Re: Treasury Bills In Nigeria by Adesiji77: 12:41pm On Jul 21, 2016 |
feelamong: You may be right @bolded. See below http://businessdayonline.com/offshore-investors-need-nigeria-sovereign-yields-at-20-to-act/ 1 Like |
Re: Treasury Bills In Nigeria by Ayobami9364(m): 1:44pm On Jul 21, 2016 |
Re: Treasury Bills In Nigeria by Agbaletu: 3:35pm On Jul 21, 2016 |
Zenith gave me 13% for 182 days. 1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 4:59pm On Jul 21, 2016 |
@ feelamong, how come u didnt get a higher rate, tot u r privy to some info. unlike newbies like me. u started traded since 2012, u must have an advantage. i placed my bid through skyebank @ 12% for 182 days........pls when is the next bid date...... |
Re: Treasury Bills In Nigeria by warchild00: 5:12pm On Jul 21, 2016 |
Also New This.. Banking with UBA and sent in my instruction Last week, Not Gotten A debit alert as well. I Dont Even Know The Rate UBA Bidded For Me. |
Re: Treasury Bills In Nigeria by anuda(m): 6:40pm On Jul 21, 2016 |
Hello house, I am new in TB investment! plse enlighten me a bit; how does someone get his bank to bid for de TB at the prevailing rate? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:40pm On Jul 21, 2016 |
@warchild i have been debited ooh, call ur account officer. @feelamong is there a calendar for the bids , wanna know when the next bids would happen.... |
Re: Treasury Bills In Nigeria by Nobody: 9:05pm On Jul 21, 2016 |
I swear FIRST BANK is the best bank for this T.BILLS. I actually got %14.5 for 186days tenure. Oboi it pays to go with bank rate atimes, especially FBN. I must lock down another fund next week. This easy money sweet i swear! 4 Likes |
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