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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 tunene66: 5:53am On Aug 23, 2016 |
Chikebrain:1.yes u can bid but be careful on the rate coz u may loose out 2. Next bud date is September 1 so u send in your bid d day before 3. Consult people. Follow this thread. Be open 4. The choice is yours. |
Re: Treasury Bills In Nigeria by easyflow: 9:08am On Aug 23, 2016 |
@ the gurus in the house.......Is it wise to invest 5m in the next week treasury bills. As the rates are obviously coming down now. |
Re: Treasury Bills In Nigeria by feelamong(m): 9:52am On Aug 23, 2016 |
easyflow: If you are scared of the rates coming down,...why not lock it now in a secondary market rate of 13 -15% |
Re: Treasury Bills In Nigeria by Chikebrain: 10:26am On Aug 23, 2016 |
feelamong:What's the best rate to bid with at the primary market 1 Like |
Re: Treasury Bills In Nigeria by feelamong(m): 10:43am On Aug 23, 2016 |
Chikebrain: wait till monday ...lets see how liquid the market is by monday evening 2 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:25am On Aug 23, 2016 |
@ feelamong....i have asked this question before, probably u didnt see it. pls how or what website do u get money market news from, i visit nairametrics but i dont get enough details, biko.......educate us. then remember ur promise on the next bid rates.......before the 29th ..... |
Re: Treasury Bills In Nigeria by feelamong(m): 11:32am On Aug 23, 2016 |
zamirikpo: I get market updates from Stanbic, Afrinvest, GTbank and Access banks then i speak to my account officer in fidelity securities 2 Likes |
Re: Treasury Bills In Nigeria by confluence: 12:35pm On Aug 23, 2016 |
@Feelamong, sorry i have been offline, i use your recommended investment house Fidelity securities |
Re: Treasury Bills In Nigeria by easysunny(m): 7:18pm On Aug 23, 2016 |
Pls, I need help as a new beginner. After reading some of the guidelines on TB investment on this thread, I decided to start investing in the TB. However, today I went to my bank, Fidelity Bank to make inquiry on how to go about it. Then I approached the customer service and asked for those in charge of TB, but I was told that it is done through their head office. Later I was referred to staff in charge of fund transfer. When I met with the Lady, I told her that I need info on TB with regard to date of next bidding and processes involve. Then she told me that the next date is on 30th Aug but I have to place my bid on 29th. That I need to write application letter and attach the Form and the minimum investment is N1m. That am the one state my bidding rate. I asked can't I go with the bank rate and she said no. Pls am asking if it is the same process with other banks? What is the minimum amount to invest? Where do I obtain the application Form, is it from the bank or where? Pls I need advice as I want to start in this next bidding. Thanks |
Re: Treasury Bills In Nigeria by Rizin: 7:45pm On Aug 23, 2016 |
The Central Bank of Nigeria (CBN) has banned nine deposit money banks (DMBs) from the foreign exchange market, for hiding over $2 billion belonging to Nigerian National Petroleum Corporation (NNPC) from the Treasury Single Account (TSA). According to Channels TV, President Muhammadu Buhari has been briefed on the breach by the banks, and they have all been mandated to move the monies to the treasury single account. At the full implementation of the TSA in 2015, the CBN had warned that banks who not totally comply with the TSA remission plan of possible fine and stringent punishment. While unveiling the guidelines for foreign exchange trading in June, the CBN reiterated the need for banks to comply or face suspension from the forex market. The CBN may take action against any FXPD that fails to comply with the standards set forth in these Guidelines. Such action will vary depending upon the type of non- compliance, but may range, for instance, from fines, suspension from any or all FX operations for a period of time to termination as an FXPD,” CBN had said. In October 2016, the CBN fined two leading banks for the same offence repeated in 2016, leading to the payment of over N4 billion to the apex bank. This time around, all the banks involved are barred from the forex market until they fully refund the $2.1 billion held up in their coffers. please who knows these nine banks. they have been on the watch list of cbn and now this. Please whoever that knows these banks should tell us to safeguard our hard earned money. The economy now is not so good that somebody should loose a dime. i can still give u my email if you want to give me privately. i can not guarantee any bank now |
Re: Treasury Bills In Nigeria by debeey87(m): 8:45pm On Aug 23, 2016 |
Rizin: Well I am confident FBNH won't want to be caught in this web again having coughed out over 1b d last time |
Re: Treasury Bills In Nigeria by debeey87(m): 8:52pm On Aug 23, 2016 |
debeey87: FBNH no dey learn lesson at all kai. See the list of banks involved herehere T[b]he banks, whose suspension would remain in force until they remit all the funds to the TSA are United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Sky Bank Plc ($221m) Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).[/b] |
Re: Treasury Bills In Nigeria by ukay2: 9:23pm On Aug 23, 2016 |
@ogah feelamong and other gurus of NTB. ...please I need CBN NTB programme for 3rd quarter. ...... Thanks |
Re: Treasury Bills In Nigeria by MercyLady3: 11:43pm On Aug 23, 2016 |
Guys, I have a question. (Gurus and mathematicians ?) Lets do the math pls. This is just an example (an assumption). ---------------------------------------------------------------------------------------- Note: Total amount of money in my account = 10,000 I want to bid for a year. I assumed charges from the bank are excluded (without any other external factor) I want THE WHOLE 10,000 to be debited when the bid is successful. [In this case, I won't be paid upfront] ---------------------------------------------------------------------------------------- If I have 10,000 and I want to bid at 50% with the conditions I stated above. While filling the form or giving the instructions: Rate = 50% Tenure = a year (365... whatever) Amount = ? [What am I supposed to fill here: using the mathematics...] ----------------------------------------------------------------------- Is it possible to fill the amount that way? Note that I only have 10,000 in my account. In that way, I hope the whole amount that will be debited from my account will be the whole 10,000. Note that I assumed charges are exempted. Did anybody try this as it seems it was proposed here on this thread in the past? As in, you can fill more than the amount you have in your account just to make sure almost the whole money in your account is debited for the bid as you can leave a little amount for charges? ----------------------------------------------------------------------- What am I supposed to fill in the amount above. The overall total that I should get back should be ??. [You can show us the formula of your calculations which is very important] Thanks as you comment. |
Re: Treasury Bills In Nigeria by MercyLady3: 2:16am On Aug 24, 2016 |
Guys, who else tried the above. If you try it and it works fine, you can indicate and share your experience. Thanks. Chukzyfcb: unite4real: Rizin: Rizin: awesomeJ: |
Re: Treasury Bills In Nigeria by zamirikpo(m): 9:03am On Aug 24, 2016 |
I get market updates from Stanbic, Afrinvest, GTbank and Access banks then i speak to my account officer in fidelity securities thanks boss |
Re: Treasury Bills In Nigeria by ladg: 9:10am On Aug 24, 2016 |
Access bank gave me 15% for 255days |
Re: Treasury Bills In Nigeria by Biggybountz: 9:31am On Aug 24, 2016 |
Morning Ladies and Gents, So I did put in my bid request with GTB yesterday. I requested to have X amount invested for 91days and Y amount for 182days respectively. Making it two individual bids for two different tenors. I put this information all in a single written letter. My account officer has come back with this: "However, please be informed that two bid tenors can not be placed for one request. please reconfirm the exact tenor you want." MY QUESTIONS 1-like her response says, is it impossible to name 2 bids for two different tenors at a go with a bank? Or do I have to simply write two different requests for each rather than writing a single request letter for both? Thanks |
Re: Treasury Bills In Nigeria by battleaxe: 10:39am On Aug 24, 2016 |
If you have up to X + y in your account, you can purchase different tenors. If however you have just enough to cover either of X and y, she is right to ask you to confirm your instruction. |
Re: Treasury Bills In Nigeria by easyflow: 11:10am On Aug 24, 2016 |
I got 15.5% from access bank for 255days. However, I will wait for the next primary auction. Even fixed deposits interest rates are on the rise. Yesterday, I got a call from one of the banks to fix my money at the rate of 8.6% for a month. |
Re: Treasury Bills In Nigeria by Biggybountz: 12:02pm On Aug 24, 2016 |
battleaxe: Yes I do have Over the sum of X and Y in my account which is sufficient for the two bids. I have also clearly stated in my written instruction that X amount is for 91days and Y amount is for 182days respectively. That's why I don't understand why she needs any further clarification or is she just implying that I can't bid on two tenures at a go? |
Re: Treasury Bills In Nigeria by Biggybountz: 12:03pm On Aug 24, 2016 |
battleaxe: Yes I Do have Over the sum of X and Y in my account which is sufficient for the two bids. I have also clearly stated in my written instruction that X amount is for 91days and Y amount is for 182days respectively. That's why I don't understand why she needs any further clarification or is she just implying that I can't bid on two tenures at a go? |
Re: Treasury Bills In Nigeria by puna: 3:30pm On Aug 24, 2016 |
gurus in the house what rate are we looking at for the various tenors?
how liquid is the market? |
Re: Treasury Bills In Nigeria by qmd24(m): 5:05pm On Aug 24, 2016 |
Positioning for next week. |
Re: Treasury Bills In Nigeria by qmd24(m): 5:07pm On Aug 24, 2016 |
Biggybountz: I placed my bids at Stanbic IBTC yesterday. The account officer to me that multiple bids are possible but instructions would have to be submitted separately and signed . Alterations are allowed before 5pm penultimate day to bidding. I am just waiting for @feelamong et al ..... to give us rate before final adjustment on Monday . |
Re: Treasury Bills In Nigeria by zamirikpo(m): 3:21am On Aug 25, 2016 |
....shinning my eyes for d latest bid rates @feelamong where at thou |
Re: Treasury Bills In Nigeria by kompanie(m): 6:11am On Aug 25, 2016 |
Secondary market rates fluctuating from 15% to 15.5%, please how does this affect possible rates for next week? I want to place a bid today, since my bank said latest window is previous Friday of the bidding week Update: I'm looking at 182 days. |
Re: Treasury Bills In Nigeria by easyflow: 6:20am On Aug 25, 2016 |
It depends on the tenor. |
Re: Treasury Bills In Nigeria by easyflow: 4:37pm On Aug 25, 2016 |
For today secondary market, access bank offered me 13% for 84days |
Re: Treasury Bills In Nigeria by ukay2: 4:49pm On Aug 25, 2016 |
PL I NEED CBN NTB PROGRAMME FOR THE 4THE QUARTER CC FEELAMONG EASY FLOW UNITED4REAL |
Re: Treasury Bills In Nigeria by feelamong(m): 6:22pm On Aug 25, 2016 |
Would ask my bankers for this programme by morrow... Meanwhile rates are not looking too good in the secondary markets.. Waiting for CBN OMO to clean up this excess liquidity as we also expect the FAAC money to hit the systems too next week. |
Re: Treasury Bills In Nigeria by puna: 6:30pm On Aug 25, 2016 |
feelamong: that's bad o...Oga feelamong what are rates at the secondary market for the various tenor? |
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