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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4619067 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 inze(m): 5:20pm On Oct 31, 2016 |
ceelog: 15% for 108days to me is a good deal. They are selling to you from the secondary market and looking back at the last auction where 91days went @14%, you can either take it or visit another bank you have account with and place bid by tomorrow as next auction date should fall between 3rd/4th November. Then you can specify your own bid rate. |
Re: Treasury Bills In Nigeria by ceelog(m): 5:30pm On Oct 31, 2016 |
He specifically said they only do for Access and it every Wednesdays. I will ask Diamond bank tomorrow. But what date is the primary market bid? buchio7: |
Re: Treasury Bills In Nigeria by MyMail2D: 6:22pm On Oct 31, 2016 |
inze: Hello Inze, Thanks for the info. I bidded for 182 days . |
Re: Treasury Bills In Nigeria by mkmyers45(m): 10:05pm On Oct 31, 2016 |
What is the minimum one can invest for the T-Bills? |
Re: Treasury Bills In Nigeria by qizick: 10:13pm On Oct 31, 2016 |
mkmyers45:100k |
Re: Treasury Bills In Nigeria by freeman67: 2:40pm On Nov 01, 2016 |
I saw the post below from Nairaland stock thread.. by peterichy http://abokifx.com/cbn-sell-n123bn-t-bills-tomorrow/ The Central Bank of Nigeria plans to sell N123billion worth of Treasury bills. Data obtained from the CBN website showed that it will auction N91 days bill at 13.5 per cent worth N45.18billion, N182 days bill at 16.8 per cent worth CBN to sell N123bn T-bills tomorrow N23.4billion and N365 days bill at 17.5 per cent worth N54.4billion. |
Re: Treasury Bills In Nigeria by qizick: 6:21pm On Nov 01, 2016 |
Got debited by first bank with out upfront interest which is strange to me cos I always do my TB with Diamond bank wen are my expecting my interest |
Re: Treasury Bills In Nigeria by michael03: 7:02pm On Nov 01, 2016 |
freeman67: Dis shuld not be tru ooo cos is low,i bided 18 for 364 days nd 17 for 182 days ooo 1 Like |
Re: Treasury Bills In Nigeria by Timmi: 7:07pm On Nov 01, 2016 |
The CBN will tomorrow conduct a T-bill auction to raise c.N122bn from investors in 91-day, 182-day and 364-day bills. We expect stop rates on tomorrow auction to be in line with previous auction stop rates. Source: Investment One Research. |
Re: Treasury Bills In Nigeria by freeman67: 10:00pm On Nov 01, 2016 |
michael03: That's why I posted it with source so that anybody with contrary authentic info will disprove it. |
Re: Treasury Bills In Nigeria by qizick: 7:16am On Nov 02, 2016 |
qizick:no reply nawaooo |
Re: Treasury Bills In Nigeria by olujaidi: 8:48am On Nov 02, 2016 |
qizick: Oga, contact your bank's customer care or account officer! |
Re: Treasury Bills In Nigeria by drealj: 9:03am On Nov 02, 2016 |
great |
Re: Treasury Bills In Nigeria by Mpeace(m): 9:10am On Nov 02, 2016 |
drealj:In my own opinion, your bid wll surely go through as long there is the 364days tbills. But I do not think its the best rate, I thing 18% would have been better and will succeed. Just my opinion though. |
Re: Treasury Bills In Nigeria by feelamong(m): 10:23am On Nov 02, 2016 |
freeman67: The auction results would be out later today.. the rates quoted in that your link were spot rates for the Secondary markets on that date... it must have been gotten shortly before the OMO auction on Friday.. cos the rates went higher than that shortly after the OMO auctions |
Re: Treasury Bills In Nigeria by sanerugwei: 10:29am On Nov 02, 2016 |
feelamong: Ope oo. Exhales heavily... That guy nearly gave some people heart ♥ attack o. Thanks feelamong... We expect the rate to edge a bit higher or at least remain the same, as FG eyes dey chuck for loans everywhere. No be bubu wan borrow billions of dollars and NASS rejected for now. E joor o. 2 Likes |
Re: Treasury Bills In Nigeria by slimtriggaman: 4:55pm On Nov 02, 2016 |
Rates update please |
Re: Treasury Bills In Nigeria by bumba1234: 6:37pm On Nov 02, 2016 |
Rates 180days- 17.50 365days - 18.50 2 Likes |
Re: Treasury Bills In Nigeria by slimtriggaman: 6:46pm On Nov 02, 2016 |
Re: Treasury Bills In Nigeria by bumba1234: 6:47pm On Nov 02, 2016 |
slimtriggaman: 91 days -14 |
Re: Treasury Bills In Nigeria by slimtriggaman: 6:49pm On Nov 02, 2016 |
bumba1234:thanks ![]() |
Re: Treasury Bills In Nigeria by walexlo78: 8:36pm On Nov 02, 2016 |
bumba1234: Hi House, Can you please reconfirm these rates especially the 365days. I have checked everywhere online but could not get the stop rates. I placed a bid of 18.4 for 365days at GTB and my Acct Mgr just called me now that it was not successful and offering me something from the secondary market. Is the CBN STOP rate really 18.5? |
Re: Treasury Bills In Nigeria by feelamong(m): 9:37am On Nov 03, 2016 |
walexlo78: The rates are confirmed. My bankers just sent the stop rates to me now! Tell them that 364 days stop rate is 18.50% If they doubt you tell them you will complain to CBN /DMO.....That way all the tricks would end! 3 Likes |
Re: Treasury Bills In Nigeria by godash(m): 10:44am On Nov 03, 2016 |
walexlo78: @walexlo, I'll really love to know you this is resolved. Please keep us posted. Thanks |
Re: Treasury Bills In Nigeria by godash(m): 10:54am On Nov 03, 2016 |
michael03: Yes you can. I specified my rate with GTB as with many others here. |
Re: Treasury Bills In Nigeria by kokobongo: 12:55pm On Nov 03, 2016 |
godash:. Bro... ur acct manager/GTB is playing you. the stop rate is 18.50% and the auction didn't even meet up with the amount offered for 364 days (NGN 54.35B) as the amount sold was NGN 46.77B this means that even if you bidded at the stop rate (18.50%) you ought to have been successful. All customers that bidded with us at the stop rate where successful. Note, this is not always common cause it's normally porated and allotments given to all institutions i.e if bidded at this rate (cut-offs). but in this case you bidded below the cut-off and the auction didn't even meet up with the required volume. you guys should look at the table below. amount sold is less than amount offered that means everybody that even bidded at the stop rate could have been accommodated. Ask you acct manager what happened, maybe your bid wasn't submitted or was altered (increased) your bid rate, also errors can occur Tenor (Days) - Amount offered -- AMOUNTS SOLD --- Cut-Off (%) 91 - NGN 45.17B -- NGN 22.15B ------------ 14.00 182 - NGN 23.43B -- NGN 18.65B ------------ 17.50 364 - NGN 54.35B -- NGN 46.77B ------------- 18.50 1 Like |
Re: Treasury Bills In Nigeria by michael03: 12:56pm On Nov 03, 2016 |
godash:Has any1 gotten answer from gtb? I placed 18% for 364 days nd 17% for 182 days but av not heard anytin from dem.i bidded lower dan cbn rates which ar 18.5 for 364 days nd 17.5 for 182 days |
Re: Treasury Bills In Nigeria by GetPosted: 2:17pm On Nov 03, 2016 |
GTB has been very disappointing of late. Anyone received debit alert yet? |
Re: Treasury Bills In Nigeria by michael03: 9:09pm On Nov 03, 2016 |
GetPosted:Yes av received, they sent me alat dis evenin |
Re: Treasury Bills In Nigeria by Benvin: 9:30pm On Nov 03, 2016 |
Hello Brothers, 6 Months ago i made my first treasury bills investment with GTB for 1 million naira for 91 days, but GTB gave me 17,000 naira for the duration. Dont you think i was scammed by GTB, Investment was in April 2016. Thanks |
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