Treasury Bills In Nigeria - Investment (242)

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Treasury Bills In Nigeria - Investment (242) - 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 battleaxe: 1:46pm On Dec 15, 2016

DMerciful:
House,

please what is the fg bond rates now?

Which one of them?

The 15.54% 2020 bond is currently at 15.97% yield. A little under 100naira.

You can check the various rates of the vtoous bonds online. The TB yields are currently higher but it depends on what your strategy is.

Re: Treasury Bills In Nigeria by Houstency(m): 4:05pm On Dec 15, 2016

Anyone gotten alert from Stanbic?

Re: Treasury Bills In Nigeria by Kentrasso(f): 5:11pm On Dec 15, 2016

I'm planning to use a rate of 18.5, UBA against 28th December please advice me.

Re: Treasury Bills In Nigeria by efismikoko(m): 5:12pm On Dec 15, 2016

Zenith 17.5 for 1yr am tired of them

Re: Treasury Bills In Nigeria by Houstency(m): 5:27pm On Dec 15, 2016

Kentrasso:
I'm planning to use a rate of 18.5, UBA against 28th December please advice me.

I think it would have been better you see the rates given by other banks for 1year before deciding the bank to settle with. But Stanbic should offer better than that and you could as well bid with your own rate.

Re: Treasury Bills In Nigeria by ositadima1(m): 5:44pm On Dec 15, 2016

I did T.bills for 91 days on 15 September and I am yet to receive alert today being 15th. Pls house help me calculate the mature date.

Re: Treasury Bills In Nigeria by sanerugwei: 5:46pm On Dec 15, 2016

Kentrasso:
I'm planning to use a rate of 18.5, UBA against 28th December please advice me.

That's not a bad idea. The rates won't change so much for now.

Re: Treasury Bills In Nigeria by sanerugwei: 5:49pm On Dec 15, 2016

Houstency:
I think it would have been better you see the rates given by other banks for 1year before deciding the bank to settle with. But Stanbic should offer better than that and you could as well bid with your own rate.

The rates do not vary from bank to bank. It is the same across board. If you are bidding for yourself just study the trends and cast your net.

Re: Treasury Bills In Nigeria by DMerciful(m): 6:05pm On Dec 15, 2016

Thanks.....fg bond all the way for kids long term school fees cheesy

battleaxe:

Which one of them?

The 15.54% 2020 bond is currently at 15.97% yield. A little under 100naira.

You can check the various rates of the vtoous bonds online. The TB yields are currently higher but it depends on what your strategy is.

2 Likes

Re: Treasury Bills In Nigeria by Houstency(m): 6:07pm On Dec 15, 2016

sanerugwei:

The rates do not vary from bank to bank. It is the same across board. If you are bidding for yourself just study the trends and cast your net.

Bank rates differs but CBN's rate is same for all banks. If you see from the rates people have been posting here since yesternight, some banks gave 18.5 like FCMB and some 17.5..

Re: Treasury Bills In Nigeria by Mpeace(m): 6:31pm On Dec 15, 2016

sanerugwei:

The rates do not vary from bank to bank. It is the same across board. If you are bidding for yourself just study the trends and cast your net.

My broda, the rates should ordinarily not vary but it actually does. This is because some banks insist on selling from their secondary market. Those banks will never alow you bid at your own rate. Some like diamond bank do operate a secondary market thatis open aon a daily bases. One can therefore place a bid on any day of the month as long as you confirm the rates and tenor on offer by the bank.

1 Like

Re: Treasury Bills In Nigeria by Houstency(m): 7:21pm On Dec 15, 2016

For Stanbic IBTC
Dear .....,

Thank you for your mail.

Kindly find below the interest as the last bidding.

91days – 13.9900%
182days- 17.4000%
364days- 18.7000%

Also kindly provide us with your mobile number to enable contact and advise you further.

Best regards

2 Likes

Re: Treasury Bills In Nigeria by Mpeace(m): 8:18pm On Dec 15, 2016

Houstency:

Bank rates differs but CBN's rate is same for all banks. If you see from the rates people have been posting here since yesternight, some banks gave 18.5 like FCMB and some 17.5..

FCMB gave me 18.5% because they asked me to either choose their rate or my own rate. I chose my own rate and indicated 18.5. I woud have gone higher but I just wanted this one to go through. I didn't want to take risks.

Re: Treasury Bills In Nigeria by Agbaletu: 9:58pm On Dec 15, 2016

efismikoko:
Zenith 17.5 for 1yr am tired of them

Zenith bank will not stop cheating their customer. I will transfer my money to another bank when my TB matures in January 2017.

2 Likes

Re: Treasury Bills In Nigeria by Mfunkynation(m): 10:44pm On Dec 15, 2016

Pls @ what rate did first bank give u for 365 days?

exclusiveoloori:
Have been credited.... Merry Christmas in advance to y'all

Re: Treasury Bills In Nigeria by Dreamflyin(m): 11:22pm On Dec 15, 2016

exclusiveoloori:
Has anyone gotten alert from first bank

Yes. In the afternoon.

Re: Treasury Bills In Nigeria by Dreamflyin(m): 11:24pm On Dec 15, 2016

Mfunkynation:
Pls @ what rate did first bank give u for 365 days?

18% flat.

Re: Treasury Bills In Nigeria by Onboard1: 3:50am On Dec 16, 2016

Mpeace:
I love FCMB. They just sent the alert. 364days @ 18.5%. What diamond bank refused to do for me, fcmb has done without any stress or call and at my own rate. Had I known I would have since gone with them and avoided diamond bank with their terrible customer relations.

Must you have account with the bank(e.g: fcmb) before you can place your bid through them?

Re: Treasury Bills In Nigeria by Mpeace(m): 6:18am On Dec 16, 2016

Onboard1:

Must you have account with the bank(e.g: fcmb) before you can place your bid through them?

I am not too sure. I only know they have a form and you indicate mode of payment on it. I think there might be a column for cheques and other modes of payment, am not too sure. Just walk into the bank and ask them for the form.

1 Like

Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 8:25am On Dec 16, 2016

Dreamflyin:

18% flat.

Is it from the 18% that they still remove their charges?

Re: Treasury Bills In Nigeria by eweolapropertie: 1:07pm On Dec 16, 2016

Pls House Bid for last auction on and was debit on 13/12/2016 a day before the auction date. CBN rate for 91 days is 14.00% in which I bidded for 13.5% . Till now Ecobank has not paid me upfront. Pls any experience fom ecobank customer in the past?
Thank

Re: Treasury Bills In Nigeria by Olamytea(m): 3:28pm On Dec 16, 2016

pls is there anyone that has got an alert from gtb? coz I am yet to get an alert from them and I didn't specify a rate as advice by their agent. I bided for 91days. I just hope it goes thru since it seems my bid wld be inline with gtb's rate.

Re: Treasury Bills In Nigeria by Houstency(m): 4:17pm On Dec 16, 2016

@Gurus in the house..
If you instructed your bank to bid for 365-days (1-year) tenor on your behalf, and instead they bidded for 182-days (6 -months) tenor without your consent, can one take legal action against them if upon request to terminate the investment they do not return the original amount invested??

Please, anyone with idea and experience on Treasury Bills should kindly help with suggestions on how to tackle such scenario. Thanks in anticipation

Re: Treasury Bills In Nigeria by freeman67: 5:00pm On Dec 16, 2016

Houstency:
@Gurus in the house..
If you instructed your bank to bid for 365-days (1-year) tenor on your behalf, and instead they bidded for 182-days (6 -months) tenor without your consent, can one take legal action against them if upon request to terminate the investment they do not return the original amount invested??

Please, anyone with idea and experience on Treasury Bills should kindly help with suggestions on how to tackle such scenario. Thanks in anticipation

Easy ooo before you shoot yourself on the leg.
1. The banks I know around here does not give you any evidence (a copy of the form you fill or request later for the treasury bill after the request) what they give is either an investment advice or confirmation of investment letter which is to notify you of an investment already made.

2. As for your investment instruction not properly carried out. You would have written to the banks customer care to seek remedy. It is still possible if you were not the person that gave them a written instruction to sell. However, if you gave them the instruction to sell and they did you, may not have any strong point to argue for refund.

Re: Treasury Bills In Nigeria by Houstency(m): 7:30pm On Dec 16, 2016

@Freeman.. thanks plenty.. Showed their agreement letter with my lawyer, and he did say I had a good case. But planning on meeting up with the head office on Monday for clarifications, before taking action.

Re: Treasury Bills In Nigeria by sanerugwei: 11:09pm On Dec 16, 2016

Houstency:

Bank rates differs but CBN's rate is same for all banks. If you see from the rates people have been posting here since yesternight, some banks gave 18.5 like FCMB and some 17.5..

I mean cbn rate will not vary, but bank do bid for their customers just as customers can also instruct their bank to use their preferred personal rate.

Re: Treasury Bills In Nigeria by ummitoagirl(f): 2:21am On Dec 17, 2016

I haven't been on here in a while, as you may have noticed, I check in anytime I have spare cash as MMM says... grin

. Hope you are doing good? Mr Guru....

feelamong:

No chop alone o!

we do pay our 10% tithe to our high priest here o!

after you PM me for the account details, for more bountiful harvest!

1 Like 1 Share

Re: Treasury Bills In Nigeria by RealityShot: 2:42am On Dec 17, 2016

omoyankee3:
Sure beats US bonds, I will look into buying some. When is the next auction and how can I buy? (I reside in the US)

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Re: Treasury Bills In Nigeria by FunmyKemmy(f): 4:12pm On Dec 17, 2016

*following*

Re: Treasury Bills In Nigeria by inze(m): 5:27pm On Dec 17, 2016

eweolapropertie:
Pls House Bid for last auction on and was debit on 13/12/2016 a day before the auction date. CBN rate for 91 days is 14.00% in which I bidded for 13.5% . Till now Ecobank has not paid me upfront. Pls any experience fom ecobank customer in the past?
Thank

. . . Yes, had such experience with Ecobank just as you did. Kept going back-and-forth with the Treasury Officer that provided the form for me and got credited some days afters. Keep visiting the branch where you processed the transaction and you will be credited.

Re: Treasury Bills In Nigeria by lancee(m): 1:42am On Dec 18, 2016

Agbaletu:

Zenith bank will not stop cheating their customer. I will transfer my money to another bank when my TB matures in January 2017.

Wicked bank they keep ripping pple off

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