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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 svelteriri: 12:09pm On Jan 07, 2017 |
Please has First bank debited anyone. I made a bid and they took the whole money from my account since Wednesday and they are telling me that they are still working on the T BIlls |
Re: Treasury Bills In Nigeria by Winneygirl(f): 1:48pm On Jan 07, 2017 |
freeman67:. I don't see how Stanbic might want to frustrate customers. . I chose their rate at d previous auction. They bidded 17.49% and CBN stop rate was 17.5% for 182 days. They must've gone a little higher in the hopes that the rates will go up. . Any bank that wants to frustrate its customers will choose very low rates. . It didn't work out this week for 182 days. It might at next auction. The bank is run by humans, and there's no telling what the CBN rates will be at next auction. 1 Like |
Re: Treasury Bills In Nigeria by ladg: 2:12pm On Jan 07, 2017 |
please house..,can I cancel my TB account? its maturing date is around April...but I want to use the money for some other things..is it possible? |
Re: Treasury Bills In Nigeria by tundebabzy: 2:31pm On Jan 07, 2017 |
ladg:It's possible. For Skye bank, you will need to find someone willing to buy the whole lot for the remainder of the tenor of your bills at the exact rate you bought it. Just call your bank and they might be able to work something out for you. |
Re: Treasury Bills In Nigeria by inze(m): 12:13am On Jan 08, 2017 |
svelteriri: . . . received since 5th Jan. Seems like your bid didn't pull through |
Re: Treasury Bills In Nigeria by NoQualms1(f): 2:34am On Jan 08, 2017 |
Inca: Thanks so much for the response. I was at the bank during the week and was told the minimum is 1m. They buy both in the primary and secondary markets. |
Re: Treasury Bills In Nigeria by 2n2k(m): 12:53pm On Jan 08, 2017 |
Winneygirl: Is there a way a non-insider can verify what the bank's bid rate is? If a customer choose to have the bank bid for him at its rate and the cbn stop rate is 17.5%, what prevent the bank from telling the customer that it made a bid at may be 15% especially if that 15% falls within successful bid range? |
Re: Treasury Bills In Nigeria by Winneygirl(f): 2:49pm On Jan 08, 2017 |
2n2k:. All Bids below and at par with CBN rates are successful. All bids above CBN rates are unsuccessful. So the bank most likely bidded at a rate above the CBN rate for the time. 1 Like |
Re: Treasury Bills In Nigeria by 2n2k(m): 4:32pm On Jan 08, 2017 |
Winneygirl: Well may be my question was misconstrued because of your earlier post that I quoted. What I meant is this: In the last auction of 4th January, The range bid for 91 days TB was 13 - 18% The successful bid rates were 13 - 14% The stop rate was 14% My bank didn't allow me to bid at my rate but insisted that it would bid at its rate. While from the cbn publication of the range bid, one can see that no bank bid below 13% or above 18%. I intended bidding at 14% and I would have been successful but the bank later informed me after the auction that it bid at its rate of 13% which also fell within the successful bid rates. While the difference of 1% is minimal in this case, what of the instance of successful rates being like 12 - 16 and the bank is successful at 16 but tells its customers it bid at 12. My question then is, is there a way to verify what a particular bank successful bid rate is, if one is not an insider? Also does the customer have the right to insist on bidding at his/her rate? 1 Like |
Re: Treasury Bills In Nigeria by justpeehay(m): 1:38am On Jan 09, 2017 |
Hi. Please what is the highest possible investment in TB? NoQualms1: |
Re: Treasury Bills In Nigeria by jeebz: 2:35am On Jan 09, 2017 |
justpeehay:How much do you have to invest? I am not aware of any limits. The next auction is on 19th January, 2017. |
Re: Treasury Bills In Nigeria by justpeehay(m): 3:21am On Jan 09, 2017 |
Actually, I just want to know if there is a ceiling jeebz: |
Re: Treasury Bills In Nigeria by MercyLady3: 10:02am On Jan 09, 2017 |
Guys, should I be worried about not getting my money back immediately after tenure/maturity/release date as I need my money urgently after the date? Hope the banks are not involved in some witty decisions? Any bad experience so far? [I use GTBank] |
Re: Treasury Bills In Nigeria by yak(m): 1:25pm On Jan 09, 2017 |
I just contacted fidelity and they said 1m is the minimum. |
Re: Treasury Bills In Nigeria by c3000: 12:04am On Jan 10, 2017 |
Anyone traded in the secondary market this week? |
Re: Treasury Bills In Nigeria by Ibukun003(m): 5:59am On Jan 10, 2017 |
MercyLady3: Just go sleep...on the date of maturity your alert would wake you up... Trust me... 4 Likes |
Re: Treasury Bills In Nigeria by maryini(f): 1:31pm On Jan 10, 2017 |
Hey guys, What happens if your bid is unsuccessful? |
Re: Treasury Bills In Nigeria by yomi007k(m): 4:34pm On Jan 10, 2017 |
Ibukun003: Na so oo boss... T bills is jus a life saver. I may lose one or two percents sometimes but I hv no single regrets. It has tot me to cut my coat n stick to my budget n reaity as well knowing dt any which way I still hv something to fall back on. Now dts HOPE. Still no regrets. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by talktrue1(m): 4:56pm On Jan 10, 2017 |
Please can someone give me clue on how the application should look like if one wants to bid and when to submit to avoid misplacement. Or is there a form to fill from the bank. I want to bid through Diamond bank freeman67, feelamong |
Re: Treasury Bills In Nigeria by inze(m): 11:17pm On Jan 10, 2017 |
maryini: . . . your money stays back in your account or returned if debited already. Though some banks may sell to you from the secondary market but at a lower rate than Primary market without your knowledge |
Re: Treasury Bills In Nigeria by inze(m): 11:21pm On Jan 10, 2017 |
talktrue1: . . . its just a simple self explanatory form. tick here, fill there kind of thing. Though Diamondbank will require you to write an application to that effect along with the form right there at the bank. |
Re: Treasury Bills In Nigeria by Onboard1: 3:52am On Jan 11, 2017 |
talktrue1: This letter format may be helpful to you. 2 Likes
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Re: Treasury Bills In Nigeria by 40manlappy: 8:11am On Jan 11, 2017 |
Onboard1: Hi, what is the name of the app that you used to blot out your personal information in the document? Thanks |
Re: Treasury Bills In Nigeria by talktrue1(m): 11:13am On Jan 11, 2017 |
Re: Treasury Bills In Nigeria by Fynebouy: 3:46pm On Jan 11, 2017 |
Hi all, I have been reading this thread with passion because this year I must not be financially foolish. I must be supernaturally productive and na who no ask dey fall hand... Please I currently bank with FBN, Eco, & GTB. Pease which of these are the best for TB purchase from the primary market. I am looking at N1.5M for 91 days. Thanks for the response (s) |
Re: Treasury Bills In Nigeria by feelamong(m): 3:54pm On Jan 11, 2017 |
http://www.businessdayonline.com/nigerias-high-inflation-rate-set-fall-18-3/ Bismarck Rewane-led economic consulting firm, Financial Derivatives Company (FDC), tips December inflation to cool 1.18 percent to 18.3 percent from 18.5 percent the previous month. This would be the first time in 14 months that inflation is slowing, according to data compiled by BusinessDay. This Inflation rate news would hit the market any moment soon... If you must invest in Tbills..this is the time and try and go LONG! 2 Likes |
Re: Treasury Bills In Nigeria by Redalez: 5:08pm On Jan 11, 2017 |
. |
Re: Treasury Bills In Nigeria by yomi007k(m): 6:19pm On Jan 11, 2017 |
Redalez: I guess u shud go for one year instead of 3 or 6 months. 1 Like |
Re: Treasury Bills In Nigeria by NoQualms1(f): 6:40pm On Jan 11, 2017 |
justpeehay: I don't know the highest, just that each bank has its own minimum. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:31pm On Jan 11, 2017 |
[/quote]justpeehay: the govt has a target on every auction, if am not wrong they raised 192b from the last auction. so if u have 192b.....just call emeifele and save them the stress of bidding 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by kingsilly(m): 7:53pm On Jan 11, 2017 |
yomi007k:Guess kwa , should he or not |
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