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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4595367 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 40manlappy: 7:17pm On Apr 15, 2017 |
Good job @unite4real ![]() |
Re: Treasury Bills In Nigeria by awesomeJ(m): 7:29pm On Apr 15, 2017 |
omotech:Even when the official minimum was 10,000.00 most banks would demand a minimum of 100,000. Now, the minimum has been raised to 50 mills. However most banks still place bids for customers with up to 100k albeit at the bank's rate. If your funds are little, I'd advise you open a mutual funds account, it makes it really easy to grow the funds as you can top up your investment at anytime even with as low as 5k. The returns on your investment could also be as high as 17%. The key to becoming a successful investor is starting now, and consistently committing to growth. It won't be long before you look back and smile. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by spiceeamiee(f): 7:33pm On Apr 15, 2017 |
Hey guys, I wanted to do Tbills primary market for 91 days with First bank last week and my account officer informed me that they were no longer doing primary market so I asked her what the rate was for secondary market for 91 days and she told me 13% and above so I told her to go ahead. A few hours later, I recieved my debit alert but the tenor on it was 98 days. The most intriguing of all was that when i got my upfront interest and calculated, I saw that they have gave me 18% at 98 days. I called my account officer and she confirmed. I know some people will say no Bills for 98 days. Well me too did not know there was something like that and at a whopping 18%, I think its more than fair. I will try and see if i can post a screen shot of the investment |
Re: Treasury Bills In Nigeria by omotech: 7:48pm On Apr 15, 2017 |
awesomeJ:Thank very much, GOD will Bless you and it shall well with your SOUL, Pls can I have your whatsapp number so that you can teach more because I don't know much about I'm so grateful once again thank you ,I'm looking forward for reply |
Re: Treasury Bills In Nigeria by awesomeJ(m): 7:54pm On Apr 15, 2017 |
omotech:Well as it is, I don't do WhatsApp. This is basically the only place I have some social media presence. So given the anonymity the forum offers, I think you should be comfortable posting any questions you have here. I promise to give my best answers to them as promptly as possible. More so, there are other peeps here who could be of more help. 3 Likes |
Re: Treasury Bills In Nigeria by freeman67: 8:34pm On Apr 15, 2017 |
spiceeamiee: Yes that is secondary market for you. It could either go both ways...Some times higher and other times lower. The tenor/rate is dependent on what is available. Probably the 18% you got for 98 days was for a 364 customer who got @ maybe 18.5% that needs money for pressing issues or other investment. 3 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:00pm On Apr 15, 2017 |
freeman67: I learnt banks were only able to pick 45% of the $100m CBN offered last week. Perhaps some of them need to offload some Treasury assets for liquidity. |
Re: Treasury Bills In Nigeria by omotech: 9:35pm On Apr 15, 2017 |
awesomeJ:Once again thank you for your prompt respond, I understand your point, pls kindly explain more about mutual funds account and how do I go about it in a layman. thanx |
Re: Treasury Bills In Nigeria by awesomeJ(m): 10:06pm On Apr 15, 2017 |
The literary meaning of the word "mutual" as far as investments are concerned is "collective". Most mutual funds are run by assets management firms. Good ones around are Stanbic(SIAML), ARM, and FBN Capital. These guys pull funds from several retail investors, and from the huge pool of capital, they are able to make investments with great yields, and so each fund participant gets a higher return on their investment than they would otherwise have gotten. Take banks' fixed deposits offer for instance, with 50k, you won't get any offer, with say 200k, you could get about 8%, but with 800mills and a thorough search you may get up to 14%, now with a mutual fund account, you will get that same 14% even with a 5k investment. To open a Stanbic MMF account, just walk into any Stanbic branch and tell it to them. The minimum investment is 50k. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by amjustme2: 11:26pm On Apr 15, 2017 |
Treasury Bills or Mutual Fund, which is more profitable? |
Re: Treasury Bills In Nigeria by MyPicsSaysItall: 8:39am On Apr 16, 2017 |
awesomeJ:Do I go to any of their branches or to Stanbic Asset Management office Happy Easter 1 Like |
Re: Treasury Bills In Nigeria by Houstency(m): 9:55am On Apr 16, 2017 |
amjustme2: Mutual funds invest cash pulled together into treasury bills, govt and corporate bonds, stocks etc. If you factor in other costs incurred in running your investment with them, then treasury bills is more profitable and less stressful (lol). 2 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:32pm On Apr 16, 2017 |
amjustme2:Depends on the Fund, yields on Stanbic's MMF are higher than 91-day T-bills. but the true yield of 182, and 364 day notes are higher. There are however other funds that do not perform as brilliantly as Stanbic. yields on such do not even match 91-day papers. You should consider MMFs if you want flexibility in redemptions and top ups, or if you're trying to build up funds to match t-bills minimum. 4 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:38pm On Apr 16, 2017 |
MyPicsSaysItall:One good thing about Stanbic IBTC Holdings is they try to integrate all their services. So whether it's banking, assets management or pension they help you with, you can always access them through any branch of the bank. Even their mobile banking app has their pension and asset management services integrated. So all you need do is visit just any branch of the BANK, and you'll get what you want. However visiting SIAML's office could be as easy as just placing a phone call. They can be reached on 01 280 5595. You'll get all your needs attended to. 2 Likes |
Re: Treasury Bills In Nigeria by agoro2u: 1:55pm On Apr 16, 2017 |
awesomeJ: thanks for the enlightenment. I will appreciate if you can create a thread for MMF so as not to derail this thread because I av already developed interest in this MMF. pls qoute me when you open that thread cos I av a lot to ask about benefits & other side of it. thanks |
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:40pm On Apr 16, 2017 |
First I think there's only so much else to be asked, and I feel as far as this thread is concerned, there's only so much derailing talks about MMFs can do. When people make posts about ponzi schemes or some marketing stuffs or seminars, then we have some derailments. Let me give you the pattern of our discussions here on the thread: 3 days before or after an auction, we talk about what rates to expect or what rates we got. All other days in between, we'll have talks about things that could impact rates such as inflation figures, OMO, liquidity levels and new policies. When we don't have much of those, there'll be talks about other investment options in contrast to T-bills. Bonds, mutual funds, real estate and all. So feel comfortable to ask whatever questions you have. By the way, there's already a mutual funds thread created by ernie4life. see the link: https://www.nairaland.com/1912965/mutual-funds 1 Like |
Re: Treasury Bills In Nigeria by MyPicsSaysItall: 3:54pm On Apr 16, 2017 |
awesomeJ:Thanks for the info 1 Like |
Re: Treasury Bills In Nigeria by deepwater(f): 10:09pm On Apr 16, 2017 |
Great job guys I appreciate you all |
Re: Treasury Bills In Nigeria by amjustme2: 10:39pm On Apr 16, 2017 |
Interests are calculated per annum. Meaning 13% of the investment in a year deepwater: |
Re: Treasury Bills In Nigeria by gentlemate00: 6:44am On Apr 17, 2017 |
Hello FGN SAVING BOND was deal with from previous post you can start reading from page 270 to get more information u needed. Unite4real and AwesomeJ can still help you. deepwater: |
Re: Treasury Bills In Nigeria by Sylverly(m): 9:56am On Apr 17, 2017 |
Please when is the next auction |
Re: Treasury Bills In Nigeria by amjustme2: 11:50am On Apr 17, 2017 |
Re: Treasury Bills In Nigeria by freeman67: 3:58pm On Apr 17, 2017 |
Dear Investor Please be reminded that the Initial Public Offer (IPO) of the Stanbic IBTC Dollar Fund (the “Fund” or “Offer”) ends on 02 November 2016. The Fund offers the following benefits: * Access to a broad range of US dollar denominated securities which typically some investors might not have access to, by virtue of the amount required to make such investments * Opportunity for portfolio managers to diversify their income stream and portfolio, whilst also providing for long term capital appreciation * Average forecast distribution yields of 6.4% over the next 4 years * An alternative for owners of domiciliary account to gain returns on funds that would otherwise be idle * Flexibility to invest in a portfolio of foreign denominated securities which can be redeemed partially or in full at any point in time * At least 90% of the Fund’s income will be distributed to unit-holders * Minimum investment of 5,000 units (i.e. US$5,000) * Multiples of 500 units (US$500) subsequently The Prospectus which contains detailed information on the Offer, including the application form, which can be used to subscribe for the IPO can be downloaded at STANBIC IBTC DOLLAR FUND. We hope that you will honour our invitation to participate in this Offer and we look forward to receiving your completed application form and payment for your subscription to the Offer. Your completed application form should be submitted to any branch of Stanbic IBTC Bank PLC. Best Regards The Fund Manager | Stanbic IBTC Asset Management Limited RC 209744 | The Wealth House | Plot 1678 Olakunle Bakare Close, Off Sanusi Fafunwa Street, Victoria Island, Lagos, Nigeria | Tel: +234 1 280 5595; 280 1266| email: mutualfunds@stanbicibtc.com | www.stanbicibtcassetmanagement.com |
Re: Treasury Bills In Nigeria by Gazelle22: 5:27pm On Apr 17, 2017 |
Regarding fall in Tbills discount rate, I do not envisage that anytime soon. Signs in Short to medium term economic outlook are still ominous. Falling Tbills rate must go in line with falling inflation, which in turn will be mainly determined by the price of dollar. Price of dollar also is a major indicator of any country economic strength or weakness. There is no hope for Nigerian economy yet from all indications. I am even reluctant entering long term FGN bond now hovering around 16%; it may go higher. Naira will weaken further before it starts getting better as no concrete action is being taken presently to reverse the trend except artificial CBN intervention which analyst say is unsustainable. 1 Like |
Re: Treasury Bills In Nigeria by teejay5(f): 6:43pm On Apr 17, 2017 |
Pls house when is the next bidding? |
Re: Treasury Bills In Nigeria by wura2020: 6:53pm On Apr 17, 2017 |
amjustme2: Coupons or interest on FGN Bonds are paid half-yearly (ie) every 6months. That is twice every year. Sorry. The new FGN saving Bonds are paid quarterly |
Re: Treasury Bills In Nigeria by deepwater(f): 10:01pm On Apr 17, 2017 |
Thanks guys, i understand now. I believe TB would be better off, since its interest is higher than FGNSB. When is the next auction and is stabic still game? wura2020:[quote author=amjustme2 post=55630969] |
Re: Treasury Bills In Nigeria by asbanko: 10:08pm On Apr 17, 2017 |
Can someone please help with a knowledgeable account officer at Stanbic IBTC bank most especially at the Head office? I have some cash to invest in TB next week and the folks in the branch I went to seemed to lack Treasury literacy. |
Re: Treasury Bills In Nigeria by Sylverly(m): 11:05pm On Apr 17, 2017 |
amjustme2:thanks |
Re: Treasury Bills In Nigeria by amjustme2: 10:00am On Apr 18, 2017 |
Since TBills now sold at Secondary Market, i.e investors below 50m are buying from banks, there is no need waiting for auction dates, just walk into the bank, they always have to resell. Only the tenor could be few days less from what you are buying. I was told this at First Bank this morning. Sylverly: 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 10:51am On Apr 18, 2017 |
I filled mine this morning at First Bank though for tomorrow's auction yet to be debited though. |
Re: Treasury Bills In Nigeria by Uchefrancis16(m): 11:58am On Apr 18, 2017 |
Am at stanbic IBTC bank now at Awka zik avenue. Told them I want to invest in TBills and they said its a minimum of 50 million. I said am quite aware of that but thought that only means we can't bid by ourself but can go with bank rate. And the young guy is telling me I have to buy from secondary market. And that I can only buy from the primary market if they are able to gather up some group of individuals with same interest and then match up all their fund to meet with the 50 million naira minimum. Am just confused here. Is it that this guys are not informed or Should I goto another branch? Which do you guys use? |
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