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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608588 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 NL1960: 12:50pm On Sep 01, 2017 |
Gavrelino123: Use this formula to determine your rate if you did 364 days P = Principal DA = Discounted Amount i.e. the amount you were debited DI = Discounted Interest T = Tenor DI = P - DA Rate(R) = ( DI / P ) * 100 1 Like 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:01pm On Sep 01, 2017 |
TONY56: First Bank expect you to have submitted your application for Trreasury Bills on Friday before the bid or latest before 12 noon on Monday. |
Re: Treasury Bills In Nigeria by Nobody: 1:01pm On Sep 01, 2017 |
Gaddaffi121: The same with mine. Thanks for the guru in the house 1 Like |
Re: Treasury Bills In Nigeria by Fratello(m): 2:00pm On Sep 01, 2017 |
TONY56:. Hello Sire, an official newbie to TB. I'll need your advice on it but iono if I get your whatsapp contact for more direct conversations. Thanks. |
Re: Treasury Bills In Nigeria by dipoolowoo: 4:44pm On Sep 01, 2017 |
Treasury Bills Yields Spike at Primary Market Auctions in H1 2017—Report https://www.businesspost.ng/2017/09/01/treasury-bills-yields-spike-primary-market-auctions-h1-2017-report/ |
Re: Treasury Bills In Nigeria by Gavrelino123: 4:55pm On Sep 01, 2017 |
NL1960:Thanks bro,I'm worried because it's not showing in my online bank Account for Treasury Bills for GTB.... And i din't even get any advice mail letter.. What do you suggest..? |
Re: Treasury Bills In Nigeria by Nobody: 5:19pm On Sep 01, 2017 |
Gavrelino123:dont worry it will be sorted out ,mine is yet to be debited same gtb |
Re: Treasury Bills In Nigeria by Mup4life: 6:24pm On Sep 01, 2017 |
kycilae:Yes they do on savings account, when you make less than three withdrawals within the month. |
Re: Treasury Bills In Nigeria by NL1960: 7:19pm On Sep 01, 2017 |
Gavrelino123: Now iam confused. You have been asking for the rate saying that you were debited. Now you are insinuating that you have not been debited. So which is it because you could not have been asking for the rate used when you have not been debited. |
Re: Treasury Bills In Nigeria by Gavrelino123: 9:32pm On Sep 01, 2017 |
NL1960:U still dont understand me.. Normally, GTBANK debit Three times in Treasury bills investments.. One for invested amount the other two are for their different commissions.... I was only debited once in my savings Account which is the discounted invested amount that's why I'm confused. And I'm not seeing it in my online Treasury bank account statement....that's what makes me even more confused... This is my third investment in Treasury bills this year with GTBANK...... one Matured last Two weeks......Now this my latest investment isn't there i have to be worried naturally......I can only see the one that will be maturing October 19th......the 364 days which is my latest investment isn't there. Check yours to confirm what I'm saying.. I want to know if it's General.... |
Re: Treasury Bills In Nigeria by TONY56: 6:17am On Sep 02, 2017 |
emmanuelewumi: I insist that anyone debited by First Bank before the bid day on Wednesday will have his or investment treated for that week and I stand to be corrected. If you are debited before the bid day and it's not treated for that week, you have every right to seek redress if you know your rights cause they will have to show their reasons for the debit. Except if the bid of the bank for NTB fails |
Re: Treasury Bills In Nigeria by TONY56: 6:27am On Sep 02, 2017 |
Fratello: Pls state whatever advice you need here so that many others too can learn or gain from it as that will save the trouble of having to give same advice or explanations all over again. But I also think that you should take the advice of taking the "pain" of going through this thread from page 0 for better understanding as ALL the advice and questions you may be seeking have been dealt with SEVERALLY by many knowledgeable members of this forum. I hope you will understand and not think that I am bluffing. |
Re: Treasury Bills In Nigeria by TONY56: 6:33am On Sep 02, 2017 |
kycilae: Yes STANBIC pays monthly interest on Savings account at between 3 & 4% per annum which gives you between 3/12 & 4/12% monthly 1 Like |
Re: Treasury Bills In Nigeria by lilee2hot(f): 6:33am On Sep 02, 2017 |
Hello House, Can anyone help with the treasury bill calender for September - November if any. I have searched tirelessly. 1 Like |
Re: Treasury Bills In Nigeria by Reyus: 7:47am On Sep 02, 2017 |
Gavrelino123: You are not alone.. some other people have had similar experience. Do not worry. It be hell for GTbank if they do not credit your account on maturity. I think they are using the cash value to do business that will give them higher interest margin than TBILLS is giving you. |
Re: Treasury Bills In Nigeria by WiseCollins(m): 8:22am On Sep 02, 2017 |
Good morning friends, please when is the next Auction? |
Re: Treasury Bills In Nigeria by SRK1(m): 8:38am On Sep 02, 2017 |
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Re: Treasury Bills In Nigeria by Erinbola: 1:17pm On Sep 02, 2017 |
Reyus: I am experiencing the same thing with GTB with my last TB investment. They are not showing on my online account whereas the older ones are showing. My account officer said there is no cause for alarm that it is a system issue and I will surely be credited when it matures. |
Re: Treasury Bills In Nigeria by NL1960: 1:27pm On Sep 02, 2017 |
Gavrelino123: I understand now. I did not register for GTB internet banking. So do not use their online service. I was debited once for the discounted value and then sent an email on the details of the TB. So, if you were debited and you did not get an email advice, then call your account officer or visit the branch. 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 2:11pm On Sep 02, 2017 |
NL1960:Thanks.. i will have to visit them on Tuesday morning .. I just need to be 100% sure.. |
Re: Treasury Bills In Nigeria by Nobody: 3:28pm On Sep 02, 2017 |
Pls for stanbic, when should I expect the email confirming my TB investment |
Re: Treasury Bills In Nigeria by WiseCollins(m): 9:18pm On Sep 02, 2017 |
kycilae: thanks bro... I use Zenith bank |
Re: Treasury Bills In Nigeria by freeman67: 9:32pm On Sep 02, 2017 |
For those intending to seek redress for any reason, There is a need for them to first of all make enquiry in any bank or financial house they intend use about their policies in regards to TB before investing or initiating any redress seeking process. Also before signing the documents/request form given to you there be sure you understand what is written there and agree with it before going further. From my dealings with FBN I got to understand that most times the branches I deal with do not accept TB request if done in the very week of primary auction. Also they make deduction in preparation for the investment immediately they receive your request. However,that does not mean that you will automatically succeed it only mean that if FBN bid succeeds yours will. If eventually it doesn't, you will be notified of available options of whether to go with what they have in the secondary market,leave it till d next auction or refund your money back to your account for you. 1 Like |
Re: Treasury Bills In Nigeria by joseph1013: 8:37am On Sep 03, 2017 |
I have a concern, what if the Federal Government is unable to fulfill its TBILLS obligations? Based on the budget, we should have a full year budget deficit of N2.37 Trillion, but at half year, we already have N2.5. Based on the budget, we should have a full year debt service of N1.66 Trillion but in half year we already have excess of N1 Trillion. Revenue is not increasing. Where will they get the money from in the next years when these TB reach maturity? Just trying to voice out my fears about my investments. Elders in the house? |
Re: Treasury Bills In Nigeria by Nobody: 10:00am On Sep 03, 2017 |
TONY56: not so true. FBN request should be placed at preceeding Friday before the auction and at most early Monday with a plea on the officer to help you file your application on time. If submitted after the 'grace' period they nevertheless debit your account in preparation for the upcoming auction. Once in that shoe so I can fully relate. 1 Like |
Re: Treasury Bills In Nigeria by 40manlappy: 10:33am On Sep 03, 2017 |
joseph1013: It is highly unlikely. Rather than default, the government would print more currencies to meet their obligations. It is not called a "risk-free" investment for nothing ![]() 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:12am On Sep 03, 2017 |
joseph1013:defaulting in Naira they rather print new bills but dollar bond default happen like the case of Greece |
Re: Treasury Bills In Nigeria by TONY56: 1:49pm On Sep 03, 2017 |
torres2: It's either they don't consider you and not debit your account for that week or debit you and process your application. First bank and indeed any other bank have no right to debit your account two or one week before the bid date as that will be fraudulent. Usually they debit accounts for the next bid on the Monday before the Wednesday bid date so, understand what I am driving at when I said that once you are debited before the bid day, your application will be treated. |
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