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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4636205 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 feelamong(m): 10:49am On Aug 31, 2016 |
easyflow: I should suppose so... 1 Like |
Re: Treasury Bills In Nigeria by Omonigeriarere: 11:07am On Aug 31, 2016 |
The room is just dull: nairalanders from Stanbic and Standard Chartered, bring the expo out na abi wetin dey worry you? This thread is not only meant for feelamong oooo. 2 Likes |
Re: Treasury Bills In Nigeria by abimbola01(m): 12:46pm On Aug 31, 2016 |
The Nigerian Bureau of Statistics released its July 2016 inflation report today. Please find key highlights below; · Headline inflation increased to 17.1% in July 2016, from 16.5% in June 2016. The main drivers continue to be the higher cost of imported goods and energy prices. · The Food sub index increased by 15.8% in July 2016, from 15.3% in June 2016 due to the rise in the cost of imported foods which mitigated the positive impact of the beginning of harvest season. · Higher energy and energy related prices continue to drive the Core sub index, which constitutes all items less farm produce. The index rose by 16.9% in July 2016, from 16.2% in June 2016. Average PMS and Diesel price paid by households was up +37.6% y/y and +41.9% y/y to N147.7per litre and N206.6per litre in July 2016 respectively. Implications and Outlook · The continued rise in inflation, for the ninth consecutive month, will likely be a negative for corporate performances and consumer demand. · Although market participants in the fixed income space may reprice upward, we expect this to moderate during the day as July inflation was within consensus estimates. However, expectation is that as CBN continues to attract FX inflows, average yields in the market should deliver positive real returns. · Going forward, we are likely to see upward pressure on price levels driven by FX supply constraints at the interbank market and higher energy prices compared to 2015. · However, the increase in inflation may be at a slower rate due to the higher base towards the end of 2015 and expectation that harvest season may moderate the rise in the Food sub index. |
Re: Treasury Bills In Nigeria by feelamong(m): 1:21pm On Aug 31, 2016 |
The Discount rates for the Auction is out!! 91 days: 14.3890. 182days: 17.500. 364days: 18.4240. 5 Likes |
Re: Treasury Bills In Nigeria by slimtriggaman: 1:32pm On Aug 31, 2016 |
I dey feel like Obasanjo now bidded 17.2 for 182days feelamong: 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Acidosis(m): 1:43pm On Aug 31, 2016 |
feelamong: hurrayyyyyy! |
Re: Treasury Bills In Nigeria by Omonigeriarere: 1:50pm On Aug 31, 2016 |
feelamong: Hope it's not too late to bid now? |
Re: Treasury Bills In Nigeria by sherif4owo(m): 1:52pm On Aug 31, 2016 |
Omonigeriarere:\ lol.. e don over late self better luck next two weeks 5 Likes |
Re: Treasury Bills In Nigeria by SuccessGee(m): 1:57pm On Aug 31, 2016 |
feelamong: Wow!! My 17.38% for 182days going to fly this time. 2 Likes |
Re: Treasury Bills In Nigeria by zeekleo(m): 2:02pm On Aug 31, 2016 |
I just got a job and ready to invest even though my salary is low please how do I start? 1 Like |
Re: Treasury Bills In Nigeria by Ibukun003(m): 2:12pm On Aug 31, 2016 |
zeekleo:Congrats... Just wait for the next unction.. |
Re: Treasury Bills In Nigeria by olujaidi: 2:20pm On Aug 31, 2016 |
zeekleo: You should start by saving 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by dandollar1: 3:23pm On Aug 31, 2016 |
slimtriggaman:if you dey feel like obasanjo, me I dey feel like Obama because na 17.5% on the dot I bid for 182 days. 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 3:35pm On Aug 31, 2016 |
i did 1yr for 18.25... 2 Likes |
Re: Treasury Bills In Nigeria by atilla(m): 3:56pm On Aug 31, 2016 |
hope this thing is not like stocks that your broker will say "sorry sir i couldn't get to buy" even when u place order at lower price than market |
Re: Treasury Bills In Nigeria by zamirikpo(m): 5:05pm On Aug 31, 2016 |
finally finally................all thanks to @easyflow and @feelamong , i gree for una government, only say no more money to bid.......until 6months time. 2 Likes |
Re: Treasury Bills In Nigeria by easyflow: 5:15pm On Aug 31, 2016 |
zamirikpo: |
Re: Treasury Bills In Nigeria by Parisfran(f): 5:26pm On Aug 31, 2016 |
feelamong: I bidded 17.4 for 182 days. The bankers kept on discouraging me from bidding by myself. I hope it sails through without stories though. First time bid, thanks to the house for all the information. With cement price rising I expected a higher inflation rate and someone has once mentioned the close marking of inflation and t bills rate. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 6:02pm On Aug 31, 2016 |
Abeg Stanbic official rates scale through? |
Re: Treasury Bills In Nigeria by tolutweety(m): 6:05pm On Aug 31, 2016 |
So on point for my 364 days' bid. 2 Likes |
Re: Treasury Bills In Nigeria by Xkoba: 6:52pm On Aug 31, 2016 |
any update abt access bank bidding today |
Re: Treasury Bills In Nigeria by Nobody: 7:44pm On Aug 31, 2016 |
But i've a question? What the best way to keep Value of money in time of recession like this..I guess T.BILL is out of it. |
Re: Treasury Bills In Nigeria by slimtriggaman: 9:21pm On Aug 31, 2016 |
Tritri: Open a dollar acct and save in dollars. Note 1$/418naira ..if you start now the value of your money would appreciate as naira slides to an all time low of 500naira to a dollar( i hope it doesn't get that bad though) |
Re: Treasury Bills In Nigeria by Ibukun003(m): 9:28pm On Aug 31, 2016 |
slimtriggaman: How does one implement this? |
Re: Treasury Bills In Nigeria by Nobody: 9:36pm On Aug 31, 2016 |
slimtriggaman: Open a dollar acct and save in dollars. Note 1$/418naira ..if you start now the value of your money would appreciate as naira slides to an all time low of 500naira to a dollar( i hope it doesn't get that bad though) Those who has DOM acct with dollar inside are finding it hard to withdraw cash because banks always tell them no dollar availability |
Re: Treasury Bills In Nigeria by lilee2hot(f): 9:39pm On Aug 31, 2016 |
Stanbic Result is out Please be informed that they were successful at the auction for the 182 & 364 day bill today. Their selling rates are stated below; Tenor 182 Discount Rate 17.45% Maturity 2nd March 2016 Tenor 364 Discount Rate 18.15% Maturity 31st August 2017 2 Likes |
Re: Treasury Bills In Nigeria by slimtriggaman: 9:53pm On Aug 31, 2016 |
Tritri: Thought you were bothered about the money adding value?? |
Re: Treasury Bills In Nigeria by Nobody: 10:45pm On Aug 31, 2016 |
slimtriggaman: I tried depositing into my dom acc earlier this year.....its free.....withdrawing ur hard earn money back, dey charge u a percentage.......its dat not corruption? 1 Like |
Re: Treasury Bills In Nigeria by inze(m): 10:45pm On Aug 31, 2016 |
slimtriggaman: . . . how does it add value if you cannot withdraw it for exchange at the prevailing market rate? 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by puna: 10:53pm On Aug 31, 2016 |
how do we get notification from the bank if their bid was successful.as i went with the banks rate..uba |
Re: Treasury Bills In Nigeria by zamirikpo(m): 2:03am On Sep 01, 2016 |
how does it add value if you cannot withdraw it for exchange at the prevailing market rate? the interest they charge in very small, about 0.0025% of the sum u r withdrawing, but the wahala is, they will always say NO DOLLAR,although they could give the naira equivalent at their rates, which is usually lower than the abokifx....rate. the issue of maintaining the value of our deposits is really VITAL,and i think we need more insight, because inflation is rising fast now at 17%, bag of cement is now N2300 from N1600...........who knows , ur 1m may soon be equivalent to N500K |
Re: Treasury Bills In Nigeria by kristien4(m): 2:44am On Sep 01, 2016 |
Any update on G.T BANK bidding? 1 Like |
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