Treasury Bills In Nigeria - Investment (226)

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Treasury Bills In Nigeria - Investment (226) - Nairaland

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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 Matcruz(m): 11:00am On Oct 16, 2016

xerxes456:
My people I've been following this thread for so long and I have learnt a lot... "ladies n Gerrumen my interested is here"... please in the next bid coming up (#feelamong n the gurus) what percent would be appropriate for the bid to succeed... am bidding with FBN 91days for a start...

tell them to bid for you if you want it to be successful without stressing yourself

Re: Treasury Bills In Nigeria by xerxes456(m): 6:17am On Oct 17, 2016

Matcruz:

tell them to bid for you if you want it to be successful without stressing yourself

Thanks...

Re: Treasury Bills In Nigeria by olacheey: 11:51am On Oct 17, 2016

Good morning.pps I enquired about access bank and diamond bank.access said they hav only two tenors 202and 282 while diamond say 55days 182 and 364.can you guys help me verify.

Re: Treasury Bills In Nigeria by Bina33(m): 12:06pm On Oct 17, 2016

I went to make enquiries with sterling bank. Their minimium amount is 500k

Re: Treasury Bills In Nigeria by yak(m): 2:16pm On Oct 17, 2016

has anyone used fidelity b4? whats their minimum? plz help

Re: Treasury Bills In Nigeria by battleaxe: 2:33pm On Oct 17, 2016

olacheey:
Good morning.pps I enquired about access bank and diamond bank.access said they hav only two tenors 202and 282 while diamond say 55days 182 and 364.can you guys help me verify.

The above must be from the secondary market.

Either inform your bank that you want to buy from the primary auction which has only 91,182 and 364 days OR

Go ahead to buy from the secondary market. I have seen some nice rates from the SM recently. At least you don't need to hold your breath waiting for the outcome of the auction on auction days.

Re: Treasury Bills In Nigeria by Jessglam: 2:34pm On Oct 17, 2016

Hi Gurus in the house, please advise what is the best rate for a 182 days tenor. Thanks in advance.

Re: Treasury Bills In Nigeria by kingsilly(m): 3:11pm On Oct 17, 2016

Account manager haven't spoken to me in months, I bid today for 91days tenor, all of a sudden he now know how best I can use my fund, I just laf and insisted on it

Re: Treasury Bills In Nigeria by ihedioramma: 4:09pm On Oct 17, 2016

Re: Treasury Bills In Nigeria by godash(m): 4:11pm On Oct 17, 2016

michael03:
Pls can some1 tel me if am rigth,is dis how to calculate for 91 nd 182 days biddin? Let's say for eg I bidded 13% discount for 200000 naira for 91 days. Does it mean dat my discount or interest will b 13/100 *200000 = 26000 naira. Does it mean I wil get 26000 naira interest for 91days. Pls if am wrong soMe1 shuld help me out.thanks

Here's a link to a calculator on NL you can use for TB. See snapshot below
https://www.nairaland.com/878880/treasury-bills-nigeria/212#49454079

Re: Treasury Bills In Nigeria by Matcruz(m): 6:17pm On Oct 17, 2016

Jessglam:
Hi Gurus in the house, please advise what is the best rate for a 182 days tenor. Thanks in advance.

17% is okay or tell the bank to bid for you ....l think the latter option will be better

1 Like

Re: Treasury Bills In Nigeria by Matcruz(m): 6:20pm On Oct 17, 2016

yak:
has anyone used fidelity b4? whats their minimum? plz help

A friend of mine is using it.... 100k minimum

1 Like 1 Share

Re: Treasury Bills In Nigeria by neoG(f): 1:26am On Oct 18, 2016

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Re: Treasury Bills In Nigeria by Baboo13(m): 10:26am On Oct 18, 2016

I was at gtb last Wed for treasury bills and I was just told to write a letter and it was scanned and sent to my originating branch.

Since then I've not heard anything from the account officer yet

Re: Treasury Bills In Nigeria by Chukzyfcb(m): 11:54am On Oct 18, 2016

it seems the interest rate will go higher this time. reports have it that overnight rates got spiked this few days, and according to feelamong overnight rates are indicators of possible movement of t.bills rate. I don't really understand the relationship but based on that observation by feel among. I should assume a higher rate will take place this week

4 Likes

Re: Treasury Bills In Nigeria by punae: 2:01pm On Oct 18, 2016

Chukzyfcb:
it seems the interest rate will go higher this time. reports have it that overnight rates got spiked this few days, and according to feelamong overnight rates are indicators of possible movement of t.bills rate. I don't really understand the relationship but based on that observation by feel among. I should assume a higher rate will take place this week

you forsee a possible 19% for the 364 day tenor?

Re: Treasury Bills In Nigeria by Adesiji77: 5:33pm On Oct 18, 2016

Chukzyfcb:
it seems the interest rate will go higher this time. reports have it that overnight rates got spiked this few days, and according to feelamong overnight rates are indicators of possible movement of t.bills rate. I don't really understand the relationship but based on that observation by feel among. I should assume a higher rate will take place this week

It is not impossible.

Consumer Price Index (CPI) rose to 17.9% in September. The overnight interbank lending rate also soared to a record high of 128% on Monday.

With the above statistics, higher rates may be a possibility...

Cc: feelamong, punae

1 Like

Re: Treasury Bills In Nigeria by neoG(f): 6:53pm On Oct 18, 2016

LaconicINC:
thanks i will look at it

you welcome

Re: Treasury Bills In Nigeria by Moses247(m): 8:59pm On Oct 18, 2016

Summited my bid for 1year@ 18 percent @ Fidelity Bank....what do u think guys?? hope am gonna scale tru ooo

1 Like

Re: Treasury Bills In Nigeria by Tunee(m): 9:25pm On Oct 18, 2016

Moses247:
Summited my bid for 1year@ 18 percent @
Fidelity Bank....what do u think guys?? hope am gonna scale tru ooo

I did the same thing yesterday. Submitted mine at diamond bank

Re: Treasury Bills In Nigeria by ihedioramma: 9:43pm On Oct 18, 2016

kingsilly:
Account manager haven't spoken to me in months, I bid today for 91days tenor, all of a sudden he now know how best I can use my fund, I just laf and insisted on it

Did you bid?

Re: Treasury Bills In Nigeria by uyijob: 10:08pm On Oct 18, 2016

Please is it right to use greater than or equal to when bidding? I bidded for one year with stanbic bank today. I specifically used the symbol greater or equal to 17.5% for the rate I want. Please in this case, what happens if central bank offers something greater than that? Will they pay my interest with the higher prevailing rate or at 17.5% because I used it as my minimum?

Re: Treasury Bills In Nigeria by inze(m): 11:05pm On Oct 18, 2016

uyijob:
Please is it right to use greater than or equal to when bidding? I bidded for one year with stanbic bank today. I specifically used the symbol greater or equal to 17.5% for the rate I want. Please in this case, what happens if central bank offers something greater than that? Will they pay my interest with the higher prevailing rate or at 17.5% because I used it as my minimum?

. . . someone's playing smart

Re: Treasury Bills In Nigeria by Ugmama(m): 6:59am On Oct 19, 2016

uyijob:
Please is it right to use greater than or equal to when bidding? I bidded for one year with stanbic bank today. I specifically used the symbol greater or equal to 17.5% for the rate I want. Please in this case, what happens if central bank offers something greater than that? Will they pay my interest with the higher prevailing rate or at 17.5% because I used it as my minimum?

lets

lets say for e.g. you went to buy a television and the seller gives you at the price of greater than or equals to 20k, definitely you will go for the least price which is 20k. So bro its good to think smart but also know that they the CBN would love to buy a cheaper market and not a costly one. i hope this explanation from a MICROBIOLOGIST HELPS...smiles

1 Like

Re: Treasury Bills In Nigeria by kingsilly(m): 7:13am On Oct 19, 2016

ihedioramma:
Did you bid?

yep i did, with UBA bank

Re: Treasury Bills In Nigeria by Adesiji77: 8:29am On Oct 19, 2016

Naira shortage pushes interbank rate to 150%

http://punchng.com/naira-shortage-pushes-interbank-rate-150/

Re: Treasury Bills In Nigeria by MrTour: 9:52am On Oct 19, 2016

Bro if this news is true then today's bid rates for 91days, 182 days and 364 days could be near 15%, 20% and 25% respectively.

Adesiji77:
Naira shortage pushes interbank rate to 150%

http://punchng.com/naira-shortage-pushes-interbank-rate-150/

Re: Treasury Bills In Nigeria by Moses247(m): 1:27pm On Oct 19, 2016

Abeg. this is Just my first Tb transaction ooo. Please when Do They Normally Debit??/ paid the upfront interest??
I bidded 18percent for 1year anyhope??

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