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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 Rizin: 9:38pm On Jul 21, 2016 |
GTB Gave me 13% for 98 days. I am happily confused. 2 Likes |
Re: Treasury Bills In Nigeria by Adesiji77: 10:01pm On Jul 21, 2016 |
Royal155: You were just fortunate. They have given me lower rates before now. |
Re: Treasury Bills In Nigeria by davide470(m): 10:07pm On Jul 21, 2016 |
Adesiji77:FGN 2020 bond yield was 15.6% today. 3 Likes |
Re: Treasury Bills In Nigeria by Chide4Mannie: 10:10pm On Jul 21, 2016 |
When did you visit the bank FBN? Cos I have been comsidering where to invest. Is there a particular period when it's available and where? What do I need to provide at the bank? |
Re: Treasury Bills In Nigeria by Chide4Mannie: 10:13pm On Jul 21, 2016 |
davide470:Which bank is that? Is that treasury bill available to us? |
Re: Treasury Bills In Nigeria by Nobody: 1:26am On Jul 22, 2016 |
Adesiji77:Yes, they do give lower rates atimes but that their 'lower' rates are sometimes even better than the ones given by other banks and closer to the stop rate. I have been using them and UBA for years, so I know. |
Re: Treasury Bills In Nigeria by Nobody: 1:35am On Jul 22, 2016 |
Chide4Mannie:Go to any of their branches and tell them that you want register for T.BILLS. They'll give you a form to fill. Do that from next monday next week to friday(morning), so they can debit you on friday evening against the auction day(wednesday, 3rd August). |
Re: Treasury Bills In Nigeria by Biakwa: 5:56am On Jul 22, 2016 |
Really thinking......)0 .....15% for 365 days,is it a good deal?? 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Lovinwa: 9:41am On Jul 22, 2016 |
GTB has not debited me, I submitted on Monday and went for 14.98% for 364 days. Is it b/c I chose my rate because they usually debit me when I go with their own rate. And is there any evidence of purchasing NTB that banks give like in FD? Something like certificate, thanks. |
Re: Treasury Bills In Nigeria by rebekah2011(m): 9:50am On Jul 22, 2016 |
Lovinwa: There is one aspect of this bid that I still do not understand. The spot rate for 364 days was 16.48%. I do not know why someone that bidded lower than this rate will still not be allocated. For 500k (364days) FBN gave 76K. |
Re: Treasury Bills In Nigeria by Omonigeriarere: 9:58am On Jul 22, 2016 |
olujaidi: Can you please suggest the fair rate for the next bidding? I need to make my first attempt with GTB. |
Re: Treasury Bills In Nigeria by Abcruz(m): 10:04am On Jul 22, 2016 |
Pls what's the minimum amount to secure a treasury bill? |
Re: Treasury Bills In Nigeria by Nobody: 10:06am On Jul 22, 2016 |
Lovinwa:Go back to the bank request for print out of your bidding. It should be signed and stamped. No certificate |
Re: Treasury Bills In Nigeria by olujaidi: 10:06am On Jul 22, 2016 |
Omonigeriarere: The next MPC meeting (next week) will give us an idea of what the CBN intends to do. However, it seems that the rates will follow inflation so that it can stay attractive |
Re: Treasury Bills In Nigeria by Omonigeriarere: 10:09am On Jul 22, 2016 |
ummitoagirl: why will you bid for 14.5 on August 4th, when it is actually 15.5 today? |
Re: Treasury Bills In Nigeria by Omonigeriarere: 10:10am On Jul 22, 2016 |
anuda: Go back to the thread from page 0: you will thank me later. 2 Likes |
Re: Treasury Bills In Nigeria by Omonigeriarere: 10:13am On Jul 22, 2016 |
olujaidi: So which rate can you suggest from experience for 91, 182, and 365 days? |
Re: Treasury Bills In Nigeria by IHelp: 10:21am On Jul 22, 2016 |
Lovinwa: For Gtb, It also reflects on your account when you log in via Internet banking. |
Re: Treasury Bills In Nigeria by ummitoagirl(f): 12:49pm On Jul 22, 2016 |
Ecobank actually gives it customers 3 recommended bid rates for each tenor, they usually go about .5% lower than the last stop rate to be safe. I go with the highest of their rates, which I won't know until 3 days before bidding takes place. I only speculated with my % Omonigeriarere: |
Re: Treasury Bills In Nigeria by whyniel: 6:45pm On Jul 22, 2016 |
From my calculation, StanbicIBTC gave me 13.92% for 91days. Now thinking of moving my MMF from ARM to StanbicIBTC. why niel: 1 Like |
Re: Treasury Bills In Nigeria by manie(m): 2:29am On Jul 23, 2016 |
Abcruz:. FBN will accept 100k and above for Treasury Bill investment. |
Re: Treasury Bills In Nigeria by Danfuster(m): 3:15am On Jul 23, 2016 |
hello house, really good job you're doing here. I did read this thread from 0 to 50 then I skipped a few. I just need to ask this one question, do indulge me. Say I secured a Tbills 1million at 14.5% for 182, do I have to bid again every 2weeks or It just play out at that % till the contract expires? I want to invest and make a good bid by 4th August. @feelamong, tritri pls enlighten |
Re: Treasury Bills In Nigeria by seunoni34(m): 6:18am On Jul 23, 2016 |
Danfuster:Once you make a bid and it's accepted, you'll be given your interest, then you wait till the maturity period (which is the bid duration you bid for - in this case 182days and withdraw your initial capital [1million] ) |
Re: Treasury Bills In Nigeria by Abcruz(m): 8:08am On Jul 23, 2016 |
manie:alright. Thanks for ur responce. |
Re: Treasury Bills In Nigeria by Damolux01(m): 8:25am On Jul 23, 2016 |
Mehn...this rates dey do me gra-gra, not happy I did in April when it was 9.8 for 365 days. If I decide to terminate it now for better returns...I believe i'll lose more than i'll gain since my bill would be sold higher in the Sec market...I stand corrected tho' Gurus, pls expatriate on this. |
Re: Treasury Bills In Nigeria by Danfuster(m): 9:33am On Jul 23, 2016 |
seunoni34: thanks for taking out the time, appreciate it. Does this mean I get cash return on discount at purchase of Tbills and at the end of the tenor I get paid for interest yield.?! Pls indulge me, I just want to know what I'm doing before I step into a bank |
Re: Treasury Bills In Nigeria by olujaidi: 12:00pm On Jul 23, 2016 |
Danfuster: Assuming you want to buy N1m, the bank will debit you say 970k thus leaving the balance of 30k with you. When it matures at the end of the tenor, the full 1m will be paid to you |
Re: Treasury Bills In Nigeria by olujaidi: 12:02pm On Jul 23, 2016 |
Omonigeriarere: Honestly, I can't say. You should probably go with the bank's rate |
Re: Treasury Bills In Nigeria by puna: 1:21pm On Jul 23, 2016 |
Re: Treasury Bills In Nigeria by Danfuster(m): 1:22pm On Jul 23, 2016 |
ummitoagirl: You're definitely not alone on this, patiently waiting like a vulture for 4th August. @ tritri, olujaidi, seunoni34 Anyone has experience with Eco bank cos that's where I have the most substantial savings, pls share @feelamong. I've studied your pattern, tho I may be wrong but it seems you've never invested more than 182days, care to tell us why. It definitely would be beneficial to us. Thanks |
Re: Treasury Bills In Nigeria by Nobody: 1:32pm On Jul 23, 2016 |
So I just came in to check what the stop rates were and I'm see 16%. I'm so pissed off. Made a request almost a month ago. First they forgot my request after another weeks of waiting I was told that the money in my account was short off by 300 naira to complete the request. Imagine . So because of that I didn't get bid. The useless naira keeps going down. Good and bad |
Re: Treasury Bills In Nigeria by Abcruz(m): 5:28pm On Jul 23, 2016 |
Pls were can i check the recent bidding rate? |
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