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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4619087 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 unite4real: 9:44pm On Nov 03, 2016 |
Benvin: Thats 6.8%. you were not scammed. The range of successful bid on April 20, 2016 for 91 day tenor was 5.0000 - 7.8802. You only thought you were scammed because rates have more than double presently. Remember how much a bag of rice was sold then compared to date. Inflation plays a mechanical role in the rates of Treasury Bills. 4 Likes |
Re: Treasury Bills In Nigeria by walexlo78: 10:24pm On Nov 03, 2016 |
feelamong: Apparently there is a problem but seems they want to be smart about it at my own detriment by telling me the bid was unsuccessful and going ahead with the sec bid which i really did not instruct. The issue was that they placed the bid wrongly by stating 18.4 for 182days instead of 364days. I have written them of escalation to GT mgt, cbn/dmo. I am thinking of how they will manage this cos the amount involved is a bit high. I told them they have to invest in TB effective today according to my instruction. 1 Like |
Re: Treasury Bills In Nigeria by drealj: 10:30pm On Nov 03, 2016 |
great |
Re: Treasury Bills In Nigeria by olujaidi: 5:42am On Nov 04, 2016 |
drealj: To answer your question, no. But bros, does CBN do retail banking? Since you've been following this thread, has CBN charge been mentioned? 1 Like |
Re: Treasury Bills In Nigeria by michael03: 10:48am On Nov 04, 2016 |
Does GTB gives certificate or evidence of TB investment? Dis is d first tym I did tb wit dem bur my previous bank usually giv so I want to kno if any1 has bn given certificate of tb from gtb befor |
Re: Treasury Bills In Nigeria by vacanci: 4:26pm On Nov 04, 2016 |
feelamong: PLease feelamong, can you recommend to me which licensed Discount house/financial institutions apart from commercial banks i can conveniently use for the purchase of TBills. Commercial banks shakara are getting too much |
Re: Treasury Bills In Nigeria by presiade(m): 4:55pm On Nov 04, 2016 |
vacanci:I got a mail from FSDH soliciting for investment in tbills through them... They offered the official rates of the previous bidding session... |
Re: Treasury Bills In Nigeria by feelamong(m): 4:58pm On Nov 04, 2016 |
vacanci: I have only used Fidelity Securities ltd.....but am also aware that others like Investment One, Capital Bancorp, Meristem all do it well |
Re: Treasury Bills In Nigeria by vacanci: 5:03pm On Nov 04, 2016 |
feelamong: Thanks a lot. do u know if they do within the region of 400k to 500k? I approached FBN Marchant Bank and they said minimum is 5Mill. i was shocked |
Re: Treasury Bills In Nigeria by vacanci: 5:05pm On Nov 04, 2016 |
presiade: thanks. whats their minimum pls |
Re: Treasury Bills In Nigeria by tunene66: 8:06pm On Nov 04, 2016 |
vacanci: Investment one does even 100k |
Re: Treasury Bills In Nigeria by PhoenixReal: 8:33pm On Nov 04, 2016 |
From my personal experience and observation, I have noticed that most bankers know little or nothing about TB and most times, they don't submitted an instruction from a customer who is interested in TB. Because of this, I make my inquiries directly from their customer care by sending email directly to them. You can also scan and send your signed instruction via their email. This can save you a lot of stress. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by tunene66: 11:54am On Nov 05, 2016 |
PhoenixReal: I agree with you 100%. That has been my experience with my bank. I deal with the bank's customer care. |
Re: Treasury Bills In Nigeria by 40manlappy: 12:19pm On Nov 05, 2016 |
@PhoenixReal, tunene66 You cannot really blame them. Banks rarely educate their personnel on how Treasury Bills works, to put it mildly. They tactfully discourage their staff from championing it. The emphasis is on growing deposits/liabilities a.k.a "DDA", since that would earn them higher income. The relatively few bankers who know how TBs works got that knowledge on their own. 3 Likes |
Re: Treasury Bills In Nigeria by ade2008(m): 3:03pm On Nov 05, 2016 |
Im new to this TB .can I also bid in FCMB. What the time to bid? 1 Like 1 Share |
Re: Treasury Bills In Nigeria by vacanci: 5:37pm On Nov 07, 2016 |
feelamong: Thanks Oga Feelamong. Please i have a question What is the difference between doing it with a commercial bank and these investment houses. What happens with my investment if the investment houses no longer operates. can i trust them the same level as commercial banks? 3 Likes |
Re: Treasury Bills In Nigeria by tundebabzy: 9:40pm On Nov 07, 2016 |
vacanci:If you should be worried about anyone packing up, it would be the federal government of Nigeria not your bank or investment bank. With treasury bills, you are lending directly to FGN. As for the difference between buying from bank and investment house, the significant difference would be in minimum investment requirements and service charges however take this with a pinch of salt as I'm kinda guessing. 3 Likes |
Re: Treasury Bills In Nigeria by Mpeace(m): 7:47am On Nov 08, 2016 |
vacanci:If you are bidding with discount houses, just be careful. They are largely unregulated compared to banks. They also fold up easily and quickly before you even know, and when this happens, tracking or retrieving your money becomes almost impossible. Equator Capital Securities is an example. See Morgan Capital for instance, the have a problem with NSE(among others) and for that reason no one can even withdraw cash with them even those kept for other investments. I prefer the comercial banks for reasons of security of investment, atleast CBN easily comes in when they are in trouble, thereby giving you enough time to withdraw. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by battleaxe: 8:15am On Nov 08, 2016 |
Mpeace: Please, this is not completely true. Treasury bills, FGN bonds etc are on the full faith of the federal government. Secondly, TBills are always domiciled with CBN approved custodians. You should just make sure you purchase via a registered agent which could be banks. If the bank or house folds up, the custodian is who you need to touch base with if required. If you don't need to liquidate ahead of time sef, not sure why you would need to touch base with the custodians... Unless maybe to change the account number you want credited with your principal. 1 Like |
Re: Treasury Bills In Nigeria by unite4real: 1:02pm On Nov 08, 2016 |
battleaxe: What Discount Houses and Banks all do is not what we really think. Your money is not looking to be in one separate cabinet with the custodian as it seems. So you cannot directly request from your custodian to credit you in another account.They bid with pool of funds from different investors. have you ever wondered why you dont get certificate with the letter head of CBN for Tbills/Bond? The banks and discount houses get this. They now give you their own letter after which they have placed the money with their custodian which by extension is ur own custodian. When it matures, i dont think CBN/Custodian credits ur account directly. They first of all credit your bank/discount house that bought the instrument for you. The bank/Discount house now credit your account. This is what i think. Pls i am not 100% sure but anyone who have gotten a letter from CBN that he/she has investment in Tbills/Bonds should please let us know. One thing i am sure of is that, the banks/discount houses have such letters. |
Re: Treasury Bills In Nigeria by Timmi: 6:34pm On Nov 08, 2016 |
Nigeria plans to sell 119.92 billion naira ($376.22 million) in short-dated treasury bills at an auction on Nov 16, the central bank said on Tuesday. A total of 32.43 billion naira will be sold in the three-month papers, 22.82 billion naira in six-month bills and 64.67 billion naira in one-year bills 1 Like |
Re: Treasury Bills In Nigeria by swissmillionai: 8:54pm On Nov 08, 2016 |
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Re: Treasury Bills In Nigeria by chinnys(f): 1:16pm On Nov 09, 2016 |
From my personal experience and observation, I have noticed that most bankers know little or nothing about TB and most times, they don't submitted an instruction from a customer who is interested in TB. Because of this, I make my inquiries directly from their customer care by sending email directly to them. You can also scan and send your signed instruction via their email. This can save you a lot of stress. Pls which of the GTBank emails did u use? |
Re: Treasury Bills In Nigeria by chinnys(f): 1:17pm On Nov 09, 2016 |
PhoenixReal: Pls which of the GTBank email did u use? |
Re: Treasury Bills In Nigeria by jemijames: 9:14pm On Nov 09, 2016 |
neoG: Pls your signature is not working even for android. This is my number.... Add me up pls... 09039008222 |
Re: Treasury Bills In Nigeria by Morounofolu: 8:19am On Nov 10, 2016 |
neoG: 07083 add me up. |
Re: Treasury Bills In Nigeria by Chibuking81(m): 11:01am On Nov 10, 2016 |
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Re: Treasury Bills In Nigeria by Chibuking81(m): 11:24am On Nov 10, 2016 |
kokobongo: ![]() |
Re: Treasury Bills In Nigeria by PhoenixReal: 9:13am On Nov 12, 2016 |
chinnys: I don't bank with GT bank. However, you can get their email address by; 1. visiting any of their branches and ask for it. 2. if they send their email alerts to you, they always put it there. 3. You can always Google and get it from their site. Good luck! |
Re: Treasury Bills In Nigeria by Rizin: 9:34am On Nov 12, 2016 |
chinnys: send enquiry To alphateam@gtbank.com They will guide you. |
Re: Treasury Bills In Nigeria by chinnys(f): 10:25am On Nov 12, 2016 |
[quote author=PhoenixReal post=50971899] I don't bank with GT bank. However, you can get their email address by; 1. visiting any of their branches and ask for it. 2. if they send their email alerts to you, they always put it there. 3. You can always Google and get it from their site. Have sent them a mail using Cardservices@gtbplc.com but it bounced back |
Re: Treasury Bills In Nigeria by chinnys(f): 10:29am On Nov 12, 2016 |
Rizin:[quote author=Rizin post=50972392] send enquiry To alphateam@gtbank.com They will guide you.[/quote Sent them a mail already... thanks for the help |
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