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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4711743 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 nastydamus(m): 9:43pm On Apr 26, 2017 |
Stanbic gave me 17.15% today for 330 days. I guess the figures dip when you're buying from the secondary market. |
Re: Treasury Bills In Nigeria by olujaidi: 9:37am On Apr 27, 2017 |
nastydamus: nope. Depends on whats available. Some banks also limit your options to 3 tenors FBN has a variety including the fantastic 18% for 63 days! |
Re: Treasury Bills In Nigeria by jpphilips(m): 12:13pm On Apr 27, 2017 |
OakPearl: I don't think so, FBN capital has already asked their less than 50m naira customers to go elsewhere because they don't do secondary market. |
Re: Treasury Bills In Nigeria by enomakos(m): 1:53pm On Apr 27, 2017 |
olujaidi:is mmf the same thing as mutual funds? |
Re: Treasury Bills In Nigeria by ernie4life(m): 2:09pm On Apr 27, 2017 |
Re: Treasury Bills In Nigeria by olujaidi: 2:13pm On Apr 27, 2017 |
enomakos: One type of mutual fund |
Re: Treasury Bills In Nigeria by enomakos(m): 2:18pm On Apr 27, 2017 |
ernie4life:oh thanks |
Re: Treasury Bills In Nigeria by enomakos(m): 2:24pm On Apr 27, 2017 |
olujaidi:ok thanks I have been searching for page 1 to 200 about more information on mutual funds without success, can you please explains how it works thanks |
Re: Treasury Bills In Nigeria by olujaidi: 2:59pm On Apr 27, 2017 |
enomakos: https://www.nairaland.com/878880/treasury-bills-nigeria/255#53402515 1 Like |
Re: Treasury Bills In Nigeria by enomakos(m): 3:23pm On Apr 27, 2017 |
olujaidi:thanks sir that made my day |
Re: Treasury Bills In Nigeria by TomjoTM(m): 6:44pm On Apr 27, 2017 |
For Stanbic you can do Tbills from #500k to #50m, and what you eventually get as your interest will be so close to the stop rate, however for other banks you just have to submit your own quoted rate if you know what's best for you. On the new #50m rule, If your bank is saying gibberish, just move to Stanbic no time, you can get 0.1 less the stop rate if you go with the bank's rate, it is that close. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by OakPearl(m): 6:47pm On Apr 27, 2017 |
jpphilips: FBN Capital is one in how many banks in the industry? That they don't do it doesn't mean it is impossible. For your information, they are the reason I now deal with Stanbic IBTC as I had to relocate my investment for the same reason. Would you rather remain with them, fold your hands and watch your funds idle away because they won't bulge, while you miss out on opportunities available elsewhere? I doubt. |
Re: Treasury Bills In Nigeria by pafra(m): 7:42pm On Apr 27, 2017 |
OakPearl: FBN have already debit account for the 5th auction taken place on the 4th May. That is for the primary market. |
Re: Treasury Bills In Nigeria by Partnerbiz(f): 8:08pm On Apr 27, 2017 |
Please how is custody fee calculated? |
Re: Treasury Bills In Nigeria by jpphilips(m): 9:20am On Apr 28, 2017 |
OakPearl: FBN Capital is not a bank!! |
Re: Treasury Bills In Nigeria by Cation(m): 10:25am On Apr 28, 2017 |
I give honour to whom honour is due to in this house,please my people who has tried this t-bill stuff with diamond bank both primary and secondary matkets,How is their performance in terms of rates and minimum purchase? Thanks |
Re: Treasury Bills In Nigeria by anyara(f): 11:24am On Apr 28, 2017 |
please is it advisable to do TB with GT bank |
Re: Treasury Bills In Nigeria by pafra(m): 11:27am On Apr 28, 2017 |
anyara: It will depend on their rates |
Re: Treasury Bills In Nigeria by walexy14(m): 3:13pm On Apr 28, 2017 |
@ ROSABON FINANCIAL SERVICES you can do Tbills @ secondary markert and even get a better rate close to the stop rate, depending on amount of investment. for more details www.rosabon-finance.com or check out my signature . |
Re: Treasury Bills In Nigeria by Sylverly(m): 5:41pm On Apr 28, 2017 |
Houstency:did you specify tenure or was it a round table kind of discussion where you are given the available tenures as well as rates and you chose |
Re: Treasury Bills In Nigeria by jpphilips(m): 6:06pm On Apr 28, 2017 |
chukzyfcbb: There are two types of debts, local and Foreign, TBN is a form of Local debt that printing more money can curb unlike the foreign debt that rely strictly on your foreign exchange earnings. Printing more money will definitely increase the inflation bar, however, as more people benefit from the high interest rate, their principal left behind curb inflation as well, in other words, it is not rocket science for the CBN to create an equilibrium in the process, over time, there shouldn't be any significant loss for the investors and the nation. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 6:49pm On Apr 28, 2017 |
I want to invest for the first time in treasury bills. I want to invest 3m trough (Union Bank) My mum's bank. Like how much profit should i expect as my gain after 365 days. Will they pay me my interest monthly or at the end of the term or at the beginning. Is Union Bank okay?. Please i need una assistance. |
Re: Treasury Bills In Nigeria by EduC(m): 7:02pm On Apr 28, 2017 |
Hi FXUSER, pls can you give a detailed TA on FO? I want to invest in FO stock and I need a guide. I understand the risks and take full responsibility for my decision. Kindly assist. Thanks |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:13pm On Apr 28, 2017 |
okochaik: it all depends on the rate u get, 365days as at the last auctions attracted rates between 18 - 18.9%... so ur interest would be between 540,000 - 567,000. as the case may be. and its paid upfront. The upfront interest kills it for me, nothing beats paying me upfront. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 7:59pm On Apr 28, 2017 |
zamirikpo: Thanks for the help bro. I will keep my eyes on the thread for the next auction |
Re: Treasury Bills In Nigeria by walexy14(m): 11:29pm On Apr 28, 2017 |
Rosabon Treasury Note Are you looking for the best investment plan that would yield great returns? Rosabon Treasury Note - RTN is just for you! With this plan, not only are you availed with highly competitive rates, you also get the opportunity to negotiate your interest rate on all deposits above N1,000,000. The RTN is a fixed deposit account that guarantees higher interest rate and a flexible investment plan. Benefits Attractive interest rates. Interest rates on Deposits over N1, 000, 000 can be negotiated. Flexible investment opportunities Steps to open account To open a RTN account, simply Determine how much you want to deposit (Minimum of N250,000) Choose the Tenor of Your investment Plan (90 days, 120days ,180 days or 365 days) Send an email to clientservices@rosabon-finance.com n CC wale.abatan@rosabon-finance.net Call us on these numbers; +2348036450638, +2349053606576 or Walk into any of our branches in Lagos, Abuja, Warri and PH. |
Re: Treasury Bills In Nigeria by Uchefrancis16(m): 10:02am On Apr 30, 2017 |
If you are new to TBills, you can learn a lot from this thread. However, if you find it tedious to scroll through the pages, gathering the information you need about it bit by bit, from page to page before investing, you might consider reading this article I've put together. Based on what I've learnt from this wonderful thread over the long stay. It will help you understand TBills at a glimpse and help you get all the info you need to start investing in one place. http://www.techdavids.com/2017/04/how-to-invest-in-nigerian-treasury-bills.html 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by dejiotus: 11:32am On Apr 30, 2017 |
Uchefrancis16:Many thanks to Uchefrancis16 for the attached article on Nigerian Treasury bills. Quite informative especially for someone who is new to the market, and considering wether to invest. I similarly share the writer's opinion as per my personal experience, that as of now (as things may change later), Stanbic bank seems to be the best in the market, and Zenith bank is not one of the good ones when it comes to Treasury bills. Zenith bank is of the habit of offering much lower interest rates to their customers, (and Stanbic the highest interest rates) from the CBN stop/marginal rates. |
Re: Treasury Bills In Nigeria by Nobody: 1:00pm On Apr 30, 2017 |
. 1 Like |
Re: Treasury Bills In Nigeria by dejiotus: 1:59pm On Apr 30, 2017 |
Below are the results of the auctions on 19 April 2017, and for the 91 day tenor on 5 April 2017. Copied from the CBN website for forum members. The results will be particularly helpful to "big boys" forum members with more than 50M to invest. Date of Auction 4/19/2017 4/19/2017 4/19/2017 4/5/2017 Security Type NTB NTB NTB NTB Tenor Maturing On 91 7/20/2017 182 10/19/2017 364 4/19/2018 91 7/6/2017 Amount Offered (N mn) 36786.99 35000 95730.42 35000 Subscriptions (N mn) 37,846.99 35,060.00 105,221.52 37,500.00 Tot. Successful (N mn) 12,295.10 25,509.32 51,818.56 35,000.00 Net Sales (N mn) 12,295.10 25,509.32 51,818.56 35,000.00 Range of Bid Rates 13.4990 - 17.0000 16.7000 - 18.0000 17.0000 - 22.0000 13.1500 - 14.5000 Successful Bid Rates 13.4990 - 13.5980 16.7000 - 17.4000 17.0000 - 18.9800 13.1500 - 13.5511 Marginal Rate 13.598 17.4 18.98 13.5511 True Yield 14.0752 19.0531 23.4113 14.0249 |
Re: Treasury Bills In Nigeria by McFabian07(m): 11:19pm On Apr 30, 2017 |
Uchefrancis16: Nice write up. Straight forward too. You didn't state how much minimum one can invest. is it only million million? or can lesser amounts be invested. what's the practical minimum? |
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