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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4620222 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 1Segzy: 11:07pm On Oct 11, 2016 |
godash: Oh. You mean you can even do it without showing up at the bank. There suppose to be a uniform standard across all the branches of the bank. Maybe the bank staff dont know what they are doing. Thanks for the info. Must I use the branch where my account is domiciled? In your own case, is ur account domiciled at plaza branch? Can i use another branch if these people keep messing up? |
Re: Treasury Bills In Nigeria by sanerugwei: 9:56am On Oct 12, 2016 |
godash: godash , Let me get something straight. Lets say you bidded for 1million but, you had 900k in your account for example. Is that what you mean by "less than the total upfront payment including fees"? Lets say its 364 @18%. If you don't mind can you share the email address of their plaza office. Another question: If my previous bid is due to elapse on say 20th October , which is the next bid date. Can I put in a bid on that same day even though they are yet to repay the money back into my account? Since that is the due date they are expected to pay me back. |
Re: Treasury Bills In Nigeria by LaconicINC: 10:14am On Oct 12, 2016 |
Matcruz: This treasury bills is completely new to me, how do u place bids, through a website or go to the bank and fill a form, then how do I know the rate to bid, please guide me @all,thanks |
Re: Treasury Bills In Nigeria by ernieboy(m): 11:01am On Oct 12, 2016 |
sureguy02:what alternative investment? |
Re: Treasury Bills In Nigeria by LaconicINC: 11:49am On Oct 12, 2016 |
LaconicINC:Thanks for all your anticipated replies, I read a few stuff online, now i fully understand how it works, am bidding 13.5% (91 days tenor) for the next auction which is 19/10/16 though its 20/10/16 that is on CBN website, being that the last rate was 13.9%. Wish me well ![]() ![]() |
Re: Treasury Bills In Nigeria by Annalise(f): 12:01pm On Oct 12, 2016 |
yak: To think that I almost went with Ecobank. Please keep us updated. |
Re: Treasury Bills In Nigeria by LaconicINC: 12:14pm On Oct 12, 2016 |
Here is something I also understood, please gurus in the house correct me if I am wrong, lets say I made a bid for 100,000 naira 13% 91 days tenor and it was successful, my interest will be 13,000 roughly, divide that my 3 months that gives me approximately #4,333.33 per month. compared this to fixed deposits, that gives you maximum of 10% per annum, I think T bills is far better. Am still learning sha, maybe am wrong. I just sent Stanbic a mail requesting the form and they just did, lemme fill and send back, I will keep us updated. |
Re: Treasury Bills In Nigeria by DMerciful(m): 2:06pm On Oct 12, 2016 |
TBills is far better than fixed deposits...infact comparing TB with fixed deposit is like comparing CNN with NTA ![]() LaconicINC: 1 Like |
Re: Treasury Bills In Nigeria by LaconicINC: 2:20pm On Oct 12, 2016 |
DMerciful:Hahaha haha |
Re: Treasury Bills In Nigeria by battleaxe: 2:31pm On Oct 12, 2016 |
feelamong: I concur. I know the current TB rates are making a lot of people have second thoughts about their bonds. TB rates will always rise and fall over the period of your bond duration (in this case 5 years). I do not believe that over that time period, that you will necessarily get more than say the 15.54% you're getting from bonds. If you don't need the funds desperately now, I advice to tough it out. Or wait till when you can sell at a higher price. I am aligned with feel among on the equity thingy..... Unless you're a pro. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 6:19pm On Oct 12, 2016 |
ernieboy: I guess they mean mutual funds and fixed deposits |
Re: Treasury Bills In Nigeria by sanerugwei: 9:11pm On Oct 12, 2016 |
sanerugwei: Ogam feelamong, godash, other gurus. Can you answer to the questions raise below? |
Re: Treasury Bills In Nigeria by Matcruz(m): 11:46pm On Oct 12, 2016 |
LaconicINC: it should be #13000 divided by 4 and not by 3....since the interest rate is per annum and 91days is 1/4 of a year ...that's #3250 for 91days 1 Like |
Re: Treasury Bills In Nigeria by LaconicINC: 10:09am On Oct 13, 2016 |
speaking from the layman perspective is 91 days not equal to 3 months? am a littke confused ![]() ![]() Matcruz:
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Re: Treasury Bills In Nigeria by hartson(m): 10:34am On Oct 13, 2016 |
Informative thread.came in now and hope to learn a lot 1 Like |
Re: Treasury Bills In Nigeria by MrTour: 10:38am On Oct 13, 2016 |
You divide by 4 because there are four quarters in a year. For example if you are investing for 91 days. After calculating 0.135 x 100,000 = N13,500 (this interest is for one whole year). To get the interest for 91 days which is a quarter of 365 days, you do this; N13,500/4 quarters = N3375 interest for a quarter ie 91 days investment. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Baboo13(m): 11:36am On Oct 13, 2016 |
The days of the maturity period, is it only working days or all days? |
Re: Treasury Bills In Nigeria by 40manlappy: 1:13pm On Oct 13, 2016 |
hartson: Bros, it's better late than never. Welcome on board... ![]() |
Re: Treasury Bills In Nigeria by feelamong(m): 1:21pm On Oct 13, 2016 |
I have just received this from one of my bankers.... Dear Sir/Ma, Please be informed that there is OMO Auction today as follows: Tenor -252 -days Maturity date- 22/06/2017 Amount on offer- N50.00BN Bid rate: 18.45% Auction will close at 11.00 am (Settlement same day Debit) We will be pleased to bid on your behalf. Thank you for your continued patronage. |
Re: Treasury Bills In Nigeria by Jdesigns(m): 1:22pm On Oct 13, 2016 |
MrTour: LaconicINC: In simple English and easy mathematics 91 days = 3 months 365 days = 12 months Easy mathematics Why not first divide by 12 months After that multiply by 3 months Which means X/12×3= interest for 3 months If X= 13500 Then interest = 13500/12x3 = 3375 I hope you understand better now |
Re: Treasury Bills In Nigeria by Ibukun003(m): 1:28pm On Oct 13, 2016 |
For Stanbic please. What was the last rate? When is the next bidding? Thanks. |
Re: Treasury Bills In Nigeria by michael03: 3:51pm On Oct 13, 2016 |
awesomeJ:Pls what is MMM?can u pls enlighten us |
Re: Treasury Bills In Nigeria by olacheey: 4:17pm On Oct 13, 2016 |
Good evening everyone,please did anyone do TB with access bank in the last primary auction,and what was there rate.thanks |
Re: Treasury Bills In Nigeria by battleaxe: 4:30pm On Oct 13, 2016 |
feelamong: Uncle feel among What's the minimum requirement to participate in these OMO auctions? Do you have to directly inform the treasury department of your bank that you're interested or how does it work? Is this available to all banks or only a privileged few? Apologies for the flenty flenty questions! |
Re: Treasury Bills In Nigeria by feelamong(m): 5:22pm On Oct 13, 2016 |
battleaxe: Most bankers only alert HNIs/ Investment coys/ asset mangt firms or people that they feel may be interested becos of their past investment records with them.. I have a friend in Ecobank treasury that sends to me just for information sake 1 Like |
Re: Treasury Bills In Nigeria by godash(m): 5:39pm On Oct 13, 2016 |
feelamong: ... and ofcourse also because you're a High Net-worth Individual ![]() |
Re: Treasury Bills In Nigeria by godash(m): 5:52pm On Oct 13, 2016 |
1Segzy: Well I'm based outside Nigeria so i have to work through emails with my Plaza account officer/team since my account is domiciled at that branch. Since all you're doing is passing instructions to the Treasury Department for the TB purchase, I'll expect that you can do that through any of their branches. My suggestion though is, if you find yourself near Plaza branch (or any of the branches), request to speak with someone in the relationship management team about TB purchase. Those guys some times have more information that the customer service staffs. |
Re: Treasury Bills In Nigeria by godash(m): 6:06pm On Oct 13, 2016 |
sanerugwei:yes. If you don't mind can you share the email address of their plaza office.PM me. Another question: If my previous bid is due to elapse on say 20th October , which is the next bid date. Can I put in a bid on that same day even though they are yet to repay the money back into my account? Since that is the due date they are expected to pay me back.I can't speak definitively to this as I haven't gone through the entire cycle yet. But... since the TB issue date is actually Thursdays after auction Wednesday, then 91-, 182-, 364-days after the issue date will also fall on Thursdays. So upon maturity, the facevalue will land in your account earliest 1 day after another Wednesday auction date. Makes sense? As an example, take the "maturity on" dates shown at this post (https://www.nairaland.com/878880/treasury-bills-nigeria/223#50159725). They're all Thursdays. |
Re: Treasury Bills In Nigeria by ihedioramma: 6:09pm On Oct 13, 2016 |
feelamong:Thank's so much. i will like you to drop it like this any time they sand to you so that it will help any of us that have money at hand . one love . |
Re: Treasury Bills In Nigeria by godash(m): 6:13pm On Oct 13, 2016 |
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