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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4620208 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 HazzanTazzan(m): 1:09pm On Oct 09, 2016 |
sanerugwei: Thanks a lot sir |
Re: Treasury Bills In Nigeria by tunene66: 1:48pm On Oct 09, 2016 |
HazzanTazzan: In addition, bidding takes place this week. So get in touch with ur bank |
Re: Treasury Bills In Nigeria by sanerugwei: 7:29pm On Oct 09, 2016 |
tunene66: Actually bidding is done every other week, sometimes it may be done weekly, but more often than not its bi-weekly(every two weeks). For the rest of this quarter bidding will be done every two weeks, next bid date is 20th October as per latest CBN circular on their website. |
Re: Treasury Bills In Nigeria by michael03: 7:30pm On Oct 09, 2016 |
Hello d gurus in d house,pls I want to kno if my bank will automatically remit my mony into my account wen my tb investment is mature or wil I nid to go and apply for it to b paid into my account agan? Thanks |
Re: Treasury Bills In Nigeria by tunene66: 9:55pm On Oct 09, 2016 |
sanerugwei: Im sorry for the wrong information I gave. Accept my apologies. I got d dates mixed up |
Re: Treasury Bills In Nigeria by HazzanTazzan(m): 11:40pm On Oct 09, 2016 |
tunene66: I'm prepared to hit GTB tomorrow morning |
Re: Treasury Bills In Nigeria by clementy117(m): 1:00am On Oct 10, 2016 |
I will be following you guys!!! Please keep the up date coming, am near here, please what is the minimum one can buy TBills |
Re: Treasury Bills In Nigeria by godash(m): 3:22am On Oct 10, 2016 |
N100K is the government's stipulated minimum. But some banks require higher (e.g. Zenith required N1m). clementy117: 1 Like |
Re: Treasury Bills In Nigeria by godash(m): 3:28am On Oct 10, 2016 |
jumzite: Use the excel-based calculator I created for NTB at the link below (on page 212) to back into what rate gets you the charges you've seen in your account. Note that GTB charges standard custodian fees, VAT on the custodian fee, and bank charge of N300 https://www.nairaland.com/878880/treasury-bills-nigeria/212#49454079 |
Re: Treasury Bills In Nigeria by scarr: 6:00am On Oct 10, 2016 |
freeman67:Sir, I've seen this statement about multiple quite a number of times but I still don't know what it means, kindly expantiate. Thanks |
Re: Treasury Bills In Nigeria by olujaidi: 7:41am On Oct 10, 2016 |
scarr: 100k 110k 120k 130k Just invest more than the minimum sum and you'll be fine |
Re: Treasury Bills In Nigeria by Annalise(f): 12:43pm On Oct 10, 2016 |
Ugmama: How fa.. any alert yet? |
Re: Treasury Bills In Nigeria by uc198080: 5:48pm On Oct 10, 2016 |
michael03: Please house answer this question cos I'm also interested . |
Re: Treasury Bills In Nigeria by Ugmama(m): 6:01pm On Oct 10, 2016 |
Annalise: not yet. i called the treasury bill officer she said she will let me know by this week when i should collect my certificate. |
Re: Treasury Bills In Nigeria by Nobody: 6:12pm On Oct 10, 2016 |
@feelamong , Are you still holding unto your 2020 Bonds? I plan on selling mine put half on T.B and also half on EQUITY for long term till 2020 , Am fedup on the hike in price of things Inflation and the effect on bonds before 2020...WHAT UR ADVICE? Help a confused Brother. |
Re: Treasury Bills In Nigeria by feelamong(m): 6:45pm On Oct 10, 2016 |
Tritri: My FGN Bonds are not what I trade on....most times I buy the bonds to use the Coupons for targeted spending... Moreover if I sell now, I will be making loses since I bought at 14.55% yield. I still don't think it's a good time to do equities....would rather wait to enter in late November for the February/March sale off just before Year end results appear in late march |
Re: Treasury Bills In Nigeria by Nobody: 6:50pm On Oct 10, 2016 |
Thank U..was thinking if i sale and put in zenith or guaranty share till 2020..i will do better or maybe am just worried ![]() |
Re: Treasury Bills In Nigeria by awesomeJ(m): 8:46pm On Oct 10, 2016 |
michael03:yes bro, your money is automatically credited into your account on the maturity date. You do not need to make any application for that to happen. I use fbn, and my last matured tbills was credited back to my account at about 9:11 am on the maturity date ( Sept 22nd). The only exception to this is if you've instructed your bank to roll over the investment on maturity. FGN has a credit rating of AA in my opinion. |
Re: Treasury Bills In Nigeria by jumzite(f): 10:56pm On Oct 10, 2016 |
godash: Thank you very much |
Re: Treasury Bills In Nigeria by scarr: 6:18am On Oct 11, 2016 |
olujaidi:Thanks Sir |
Re: Treasury Bills In Nigeria by 1Segzy: 11:21am On Oct 11, 2016 |
I was at GTB to place a bid for the next auction. I was told by the bank staff that I cannot choose the rate myself. They said that I have to go with the 'CBN adviced rate'. Anyone in the house done TB with GTB before? Are you able to choose your own rate or what they are saying is true? |
Re: Treasury Bills In Nigeria by Ugmama(m): 1:43pm On Oct 11, 2016 |
please o house, how long does it take before your bank pay you interest and also give you certificate? Eco bank just dey dull me o |
Re: Treasury Bills In Nigeria by yak(m): 5:31pm On Oct 11, 2016 |
awesomeJ: wats the minimum investment in fbn? 100k or 1m? |
Re: Treasury Bills In Nigeria by yak(m): 5:32pm On Oct 11, 2016 |
Ugmama: ecobank is so annoying. |
Re: Treasury Bills In Nigeria by whyniel: 5:40pm On Oct 11, 2016 |
yak: 100k is meant to be the minimum across board. |
Re: Treasury Bills In Nigeria by Nobody: 7:49pm On Oct 11, 2016 |
Stanbic never bids successfully for 182 days. I think I will stop going with their rates. They always want me to invest in "alternative investments" whenever they are informing me that the bidding wasn't successful. Oga feelamong...what's the outlook for next week? |
Re: Treasury Bills In Nigeria by awesomeJ(m): 8:02pm On Oct 11, 2016 |
whyniel:For sure, FBN takes bids from 100Gs upwards, but not all banks do. Zenith for instance would decline to place customer's bids that are below 1 mil. For the person asking about how soon interest is credited. In June my interest alert came in at about 10:30am on the settlement date(the Thursday after the auction day). This last auction, it came in around 2:02pm. Now my own question: If you got a credit alert on one of your accounts for an amount paid in by a stranger, what would you do. Got such an alert today. The money isn't much though. |
Re: Treasury Bills In Nigeria by Ihavespoken: 8:31pm On Oct 11, 2016 |
awesomeJ: Chai, this your question just re-opened a healed wound. I opened a new Bank account in May 2016, barely one week after opening the bank account, I collected the usual atm card with my balance reading N1,200 only. No one else had the details of the bank account except me so I wasnt expecting any deposit into the account. The next day was a hot afternoon and I was having a nap all of a sudden my phone alerted me. I woke up and shockingly saw a credit alert of N237, 500 chei I screamed. I ran up quickly, I was confused on what to do for a few minutes. I thought who could have deposited such amount, no one came to mind because no one else had my new bank details. I rushed out quickly wearing the back side of my shirt to the nearest ATM to withdraw the whole money chai I wont forget what Lagos traffic did to me that day. I was held in traffic for 16 minutes 39 seconds. As soon as I got off the traffic, I ran faster than Usain bolt to the ATM machine to withdraw the whole N237K. Immediately i slot in my ATM card, it was like someone was nearby watching to send another alert. To my surprise another alert came, i was excited with hope another N237K just entered. Immediately I picked up my phone opened it, it was a debit alert for N237, 500 ![]() The Taxi man was already asking for his drop charge of N2000. I stood still and couldn't movefor two minutes, I couldn't even explain what had happened to people around me wondering what could have gone wrong. 1 Like |
Re: Treasury Bills In Nigeria by Ugmama(m): 9:22pm On Oct 11, 2016 |
yak: they just returned back my money this evening o...Eco bank nawao |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:56pm On Oct 11, 2016 |
@ihavespoken, your post above's got my rib cracking. I actually just found out that the alert came in from MMM. A friend had registered me for it without my consent, and the alert I saw was like a welcome bonus. I got a call from this friend this evening. |
Re: Treasury Bills In Nigeria by godash(m): 10:03pm On Oct 11, 2016 |
1Segzy: I did specify my bid rate with GTB for the Sept 21st auction. I simply called then emailed my instruction to their Plaza branch. Also, I had more than the face value (but less than the total upfront payment including fees) in my account effectively re-investing the upfront interest at the same time. Won the bid and was debited the next day. |
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