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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 Pureheart91(m): 12:52am On Nov 26, 2016 |
Please is the interest rate for TB usually 18.33% for all banks? |
Re: Treasury Bills In Nigeria by manlikegb: 4:46am On Nov 26, 2016 |
feelamong: @feelamong, @jesusbabygirl No, they have not invested the funds yet. That's how First bank operates. The moment you place a bid with them, they debit you that exact amount just to keep intact for the coming auction. If your bid is successful, then all good. But if not successful, then they will credit you back. Thats their own system. 6 Likes |
Re: Treasury Bills In Nigeria by IHelp: 7:53am On Nov 26, 2016 |
manlikegb: This information is correct. It also applies on bonds 1 Like |
Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 12:07pm On Nov 26, 2016 |
manlikegb:Very true, I asked and that is what they told me. Thank you guys.. 1 Like |
Re: Treasury Bills In Nigeria by 40manlappy: 8:38pm On Nov 26, 2016 |
Hello fam, when is the next primary auction please? Seem to have lost track of the dates. |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 2:51pm On Nov 27, 2016 |
40manlappy: The next NTBs auction will take on 30th Nov. I place a bid of 18.5% on a 364days tenor via Fidelity Bank but its like i will raise it to 19%. 2 Likes |
Re: Treasury Bills In Nigeria by 40manlappy: 6:40pm On Nov 27, 2016 |
PETERiCHY: Thanks for the info. |
Re: Treasury Bills In Nigeria by AderibigbeAAA(m): 10:38pm On Nov 27, 2016 |
PETERiCHY: Please when is the next auction after that of Nov 30tg likely to be? I plan to invest but can't meet the Nov 30th auction? |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 8:49am On Nov 28, 2016 |
AderibigbeAAA: NTBs primary auction takes place consecutively every 2wks. 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:25pm On Nov 28, 2016 |
NTB 1st quarter 2017 auction calendar ![]() 14th Dec 21st Dec 4th Jan 18th Jan 1st Feb 15th Feb 1st Mar. There are always 7 auction days in every TBills quarter. This next auction is the last one for the Q4 2016 calendar N.B The above dates are auction dates, settlement dates for each auction Wednesday is the following Thursday. |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 3:51pm On Nov 28, 2016 |
From Atedo Peterside: I attended an economic outlook session with top economists and top CEOs today and thought to share some of the perspectives. The session looked at Nigeria's economic direction for 2017. The summary: 2017 will be tougher than 2016. The economy will not recover until 2018, even 2019. Inflation will continue to be high (hovering around 20%)and Naira to dollar will remain in the 450s. With money scarce many more businesses will fold up, leading to job losses and more poverty. With inflation and high exchange rate the banks will not be able to give loans and when they do the interest rate will be too high to afford. With high inflation those with paid salaries are now actually earning less, that is if they will be lucky to keep their jobs... The presentation shows that all sectors of the economy (not just oil) are either falling or already in recession (below zero). Signs are all over: British Airways just converted it's Nigerian office into an agency; almost all foreign airlines now fuel in Ghana; many people now smuggle crops and raw materials out to earn dollasrs; 75% of vacant houses in Ikoyi and VI don't have buyers; Shoprite that opened in Ajah in August is still 70% empty as dollars to bring in goods is scarce and customer count is poor; 5 other big supermarkets in Lagos have closed shop etc. The experts' advice: 1. Cash is going to be King and whoever has it or has access to it should preserve it. 2. Spend less than you earn; SAVE for the rainy day. 3. Cut down on avoidable merriment. 4. Expect the worst Christmas in 20 years. 4. Look for dollar or pounds-earning businesses if you can. This is a privileged info, I hope it's useful to you. With the above economic outlook I have decide to peg my discount rate for 364days @20% even if it didn't fly tommorrow it will definitely fly in the nearest future. I'm not in a haste to cage my fund. *ThE OcToPuS* 5 Likes 3 Shares |
Re: Treasury Bills In Nigeria by buchio7(m): 3:57pm On Nov 28, 2016 |
PETERiCHY: insightful advice bros....thank you |
Re: Treasury Bills In Nigeria by manlikegb: 5:32pm On Nov 28, 2016 |
PETERiCHY: @feelamong @PETERiCHY I would love to participate in the next auction in 2days time and need to place my bid latest tomorrow morning. Pls what rate would you advice for a 182days tenure. Thanks in anticipation. 1 Like |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 8:08pm On Nov 28, 2016 |
manlikegb: 17.9% won't be a bad idea but if you are in a haste then key-in 17.4% to be on the safe side. |
Re: Treasury Bills In Nigeria by plendil: 8:21pm On Nov 28, 2016 |
PETERiCHY: Wow! pretty bleak. ![]() |
Re: Treasury Bills In Nigeria by SWG1: 10:27pm On Nov 28, 2016 |
Epphy: At this time, u are still asking about MMM, time is of the essence oo. Do the needful 1 Like |
Re: Treasury Bills In Nigeria by Donvitalis(m): 6:13am On Nov 29, 2016 |
My TBill was rolled over at the beginning of November against my wish. I went back to request that the bid be terminated and my principal be refunded but the attendant told me that a certain amount will be deducted from my principal. Is that the usual procedure? Good morning. |
Re: Treasury Bills In Nigeria by tunene66: 7:17am On Nov 29, 2016 |
Donvitalis: Lodge an official complaint with the bank since the rollover was against your instruction. Document it and copy CBN 3 Likes |
Re: Treasury Bills In Nigeria by Abbey1987: 10:54am On Nov 29, 2016 |
plendil:Please i just filled my form at gtb now but there is no space to fill in the rate i wanted for my 91 days tenor. Is that how gtb normally does? 1 Like |
Re: Treasury Bills In Nigeria by X21: 5:19pm On Nov 29, 2016 |
awesomeJ: it cannot be 14th and 21st dec. there is usually 2 weeks gap. you may wish to revise 1 Like |
Re: Treasury Bills In Nigeria by sirculynz(m): 7:37pm On Nov 29, 2016 |
I filled the NTB form with zenith on Monday, I got debited that amount without an alert today which I noticed when I checked my acct online this evening, even the statement did not show it. I'm planning on going there tomorrow to enquire or is it how's done because this is my first time of buying NTB? Thanks house |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:45pm On Nov 29, 2016 |
X21:Well, I think it will be 14th and 21st. The first 2 auctions in every TBills quarter are always held on successive Wednesdays. You may want to check the calendar for previous quarters. |
Re: Treasury Bills In Nigeria by ozymes: 9:30am On Nov 30, 2016 |
The forum is unusually quiet! |
Re: Treasury Bills In Nigeria by Agbaletu: 9:35am On Nov 30, 2016 |
sirculynz:The moment the bid is successful, it will show in your statement and you will receive sms. |
Re: Treasury Bills In Nigeria by ETHIX(m): 3:53pm On Nov 30, 2016 |
ozymes: November data for some people. Some left Tbills for MMM Some have used all their money for Tbills eaten the interest and praying the Tbills matures fast to either finish the principal or get another interest 4 Likes |
Re: Treasury Bills In Nigeria by Chau(f): 4:29pm On Nov 30, 2016 |
Good day house..can someone put up today's rate. Thanks. |
Re: Treasury Bills In Nigeria by Ojix85: 5:02pm On Nov 30, 2016 |
ETHIX: What's your strategy sir? |
Re: Treasury Bills In Nigeria by sirculynz(m): 5:53pm On Nov 30, 2016 |
Agbaletu: Thanks |
Re: Treasury Bills In Nigeria by efismikoko(m): 8:31pm On Nov 30, 2016 |
Pleasehelp with today's rate anyone thanks |
Re: Treasury Bills In Nigeria by ozymes: 8:48pm On Nov 30, 2016 |
I have said it before that this forum is wayyyyy too quiet! Please what are the stop rates for today? |
Re: Treasury Bills In Nigeria by Mpeace(m): 9:59pm On Nov 30, 2016 |
ozymes:Auction na today abi na tomorrow? When I placed my bid I wrote auction of 01/12/2016. |
Re: Treasury Bills In Nigeria by slimtriggaman: 6:12am On Dec 01, 2016 |
I agree with you on this one..MMM and cryptocurrency has taken over, little wonder no one knows the outcome of the auction yesterday ![]() ETHIX: |
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