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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4619001 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 Ihavespoken: 10:00pm On Nov 14, 2016 |
With the results from the last Auction on the amount raised by the CBN, we would expect the rates to skyrocket (this will not be drastic as the CBN has so many borrowing channels). For example , CBN only managed to raise 22 Billion out of expected 45 Billion for 91days Auction. 18 Billion out of expected 23 Billion for 182 days Auction. 46 Billion out of expected 54 Billion for 364 days Auction. These figures implies that CBN NTB was nearly 30% underfunded at the last Auction. The reasons are probably due to unattractive interest rates, competition from MMM. The CBN will try to gain back more investors by maintaining competitive interest rates, shutting down MMM ![]() Therefore we expect higher interest rates going forward. tundebabzy: |
Re: Treasury Bills In Nigeria by tundebabzy: 6:24am On Nov 15, 2016 |
Ihavespoken:I think 15% will sail through for 91 days. Yes? |
Re: Treasury Bills In Nigeria by MercyLady3: 10:43am On Nov 15, 2016 |
What if I want to opt out before the maturity date? Did anyone try? What are the basic procedures and what is the experience like? Thanks as you reply. |
Re: Treasury Bills In Nigeria by Ihavespoken: 12:53pm On Nov 15, 2016 |
I think 14:00 to 14.2 will be a safe bid for 91 days. tundebabzy: |
Re: Treasury Bills In Nigeria by Abbey1987: 3:41pm On Nov 15, 2016 |
Ihavespoken: please house i need clarifications, if i purchased treasury bills worth of 5 million for 91 days maturity at 14 percent interest. please how much will it be my profit. just trying ti b cleared on it dont say it sound stupid or silly to ask such question 3 Likes |
Re: Treasury Bills In Nigeria by battleaxe: 4:20pm On Nov 15, 2016 |
Abbey1987: +/- 175k 1 Like |
Re: Treasury Bills In Nigeria by fsb(m): 5:28pm On Nov 15, 2016 |
Placed a bid of 15 percent for 91 days. Lets see how it goes... |
Re: Treasury Bills In Nigeria by Rizin: 7:07pm On Nov 15, 2016 |
Abbey1987: How much will be my share because I buy the calculator. 5m*.14/4=? |
Re: Treasury Bills In Nigeria by Abbey1987: 11:22pm On Nov 15, 2016 |
battleaxe:Please how is it calculated |
Re: Treasury Bills In Nigeria by sanerugwei: 6:11am On Nov 16, 2016 |
Abbey1987:The OP above already gave you the breakdown. Its simple interest. P*T*R/100=Interest Where P is your principal, in this case 5M, T is time, divide by12 if in months, 91days=3months = 3/12=0.25 R is rate in percentage, hence R/100. Got it? 1 Like |
Re: Treasury Bills In Nigeria by Abbey1987: 11:06am On Nov 16, 2016 |
sanerugwei: Thanks a lot really appreciate it sir |
Re: Treasury Bills In Nigeria by Houstency(m): 1:37pm On Nov 16, 2016 |
Please anyone with useful information on CBN bills and CBN's Open Market Operations (Government securities)? Can they be bought same way as NTB and where are they bought from? |
Re: Treasury Bills In Nigeria by kokobongo: 5:06pm On Nov 16, 2016 |
Dear All Find below 16th Nov. 2016 NTB Auction result: Tenor (91-Day); (182-Day); (364-Day) Offer Amount (=N=) 32,436,508,000; 22,824,447,000; 64,677,523,000 Total Subscription (=N=) 36,626,653,000; 34,390,819,000; 87,060,793,000 Allotment (=N=) 32,436,508,000; 22,824,447,000; 64,677,523,000 Stop Rates (%): 13.9900; 17.4000; 18.7000 |
Re: Treasury Bills In Nigeria by battleaxe: 5:24pm On Nov 16, 2016 |
fsb: You missed it! ...... Significantly! |
Re: Treasury Bills In Nigeria by ozymes: 5:55pm On Nov 16, 2016 |
Hello house i did 14% for 91 days and the stop rates seem to be 13.99% . What are my chances? Any ideas plzzzz? |
Re: Treasury Bills In Nigeria by kokobongo: 6:01pm On Nov 16, 2016 |
ozymes: No Chance, wait for the next auction and always be conservative. avoid.. bidding at round figures |
Re: Treasury Bills In Nigeria by Rizin: 6:21pm On Nov 16, 2016 |
i thought they will debit us today. |
Re: Treasury Bills In Nigeria by fsb(m): 6:57pm On Nov 16, 2016 |
battleaxe: Yeah...well, its not too bad. Can always re-bid in another 2 weeks... |
Re: Treasury Bills In Nigeria by ozymes: 7:18pm On Nov 16, 2016 |
Thank you Kokobongo |
Re: Treasury Bills In Nigeria by olujaidi: 7:19pm On Nov 16, 2016 |
fsb: Or buy from the secondary market |
Re: Treasury Bills In Nigeria by ozymes: 7:19pm On Nov 16, 2016 |
Please when is the next bid? |
Re: Treasury Bills In Nigeria by tunene66: 7:28pm On Nov 16, 2016 |
ozymes: Two weeks time |
Re: Treasury Bills In Nigeria by ozymes: 9:29pm On Nov 16, 2016 |
That would be 29th of November , 2016? |
Re: Treasury Bills In Nigeria by tunene66: 7:02am On Nov 17, 2016 |
ozymes: Yap |
Re: Treasury Bills In Nigeria by neoG(f): 8:18am On Nov 17, 2016 |
jemijames:Pls am so sorry. Will add u up now. Have not been on for a while |
Re: Treasury Bills In Nigeria by neoG(f): 8:20am On Nov 17, 2016 |
Morounofolu:So sorry wil do that |
Re: Treasury Bills In Nigeria by neoG(f): 8:21am On Nov 17, 2016 |
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Re: Treasury Bills In Nigeria by manie(m): 10:18am On Nov 17, 2016 |
My bid was successful. I invested for 182 days through First Bank @ 17.2% 1 Like |
Re: Treasury Bills In Nigeria by manie(m): 10:19am On Nov 17, 2016 |
neoG: You can open a new thread for your investment scheme. 2 Likes |
Re: Treasury Bills In Nigeria by tundebabzy: 10:34am On Nov 17, 2016 |
ozymes:I also put 14.0% for 91 day. No chance at all. Watch the economic news for the next few days to know what bid to prepare for the next auction. 2 Likes |
Re: Treasury Bills In Nigeria by ozymes: 10:48am On Nov 17, 2016 |
Ok thnx @ tundebabzy |
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