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Treasury Bills In Nigeria - Investment (389) - 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 NL1960: 10:23am On Sep 14, 2017
jp130:
Here is d calendar, does it mean dat applications will b treated today?

https://nairametrics.com/nigerias-official-treasury-bills-calendar-for-2017/

Why has CBN been hoarding this calendar?. This week's auction was shrouded in so much secrecy.
Re: Treasury Bills In Nigeria by Nobody: 10:37am On Sep 14, 2017
it seems there will no auction in December, investors take note
Re: Treasury Bills In Nigeria by chinco19(f): 10:46am On Sep 14, 2017
DMerciful:
What about fg bond? I don't mean the saving bond but the normal bond of over 5 yrs

We assist in all kinds of investments. Do ring us for more information. Thank you.
Re: Treasury Bills In Nigeria by chinco19(f): 10:57am On Sep 14, 2017
ihedioramma:
Bewere of 418 and 419 .

In as much as I understand that trust has been a serious issue in Nigeria, I also think it is very silly to shade all investment outlets outside banks as scams. For crying out loud, you have no proof yet you are trying to mislead someone else. It is people like you that banks are actually looking for- people with no knowledge of the actual yield they are entitled to and therefore give the banks free money to trade with. Our advisory services leaves you the option of either keeping your money with your bank where we will then advise on the necessary steps to take or buy through our custodians at the primary market. Please, if you cannot confirm something, conjectures are not the best of ways to project your insecurities.
Re: Treasury Bills In Nigeria by damilola1978: 11:12am On Sep 14, 2017
Has anyone who transacted with Zenith bank got debit or credit alert for yesterday's auction??
Re: Treasury Bills In Nigeria by NL1960: 11:32am On Sep 14, 2017
jp130:
Here is d calendar, does it mean dat applications will b treated today?

https://nairametrics.com/nigerias-official-treasury-bills-calendar-for-2017/

Alikote:
it seems there will no auction in December, investors take note

If you look at the above calendar, you will notice that First Quarter started in December of 2016. So i guess the TB calendar is from December to November.
Re: Treasury Bills In Nigeria by Jhymrod(f): 11:40am On Sep 14, 2017
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Re: Treasury Bills In Nigeria by xammy(m): 12:42pm On Sep 14, 2017
Jhymrod:
Hi guys
please, can #300,000 be use for Treasury bill?
What bank is adviceable to use?
I know nothing about Treasury Bill, can you shed more light please.


Treasury bill is now from 50m and above
Re: Treasury Bills In Nigeria by ihedioramma: 12:44pm On Sep 14, 2017
xammy:


Treasury bill is now from 50m and above
You are wrong sir/ma .

1 Like

Re: Treasury Bills In Nigeria by Gavrelino123: 12:56pm On Sep 14, 2017
Jhymrod:
Hi guys
please, can #300,000 be use for Treasury bill?
What bank is adviceable to use?
I know nothing about Treasury Bill, can you shed more light please.
Yes.....100k minimum...
FIRST BANK
STANBIC IBTC
GTBANK
Just walk into the bank you wish to invest with and ask for the officer in charge of Treasury Bills...
WARNING!!! Don't act like a Newbie when you meet the officer in charge...
They are different tenors which indicates the duration of the investment.It is how long you are willing to let your funds stay with the Federal Government.Tenor is usually in 91 days(3 months), 182 days(6 months) and 364 days(one year).Your investment matures after the expiration of the tenor.
Also note that you can also buy from either Primary or Secondary Market........
In Primary market,all investments are by auction. Subscriptions at this market are for 91 days, 182 days and 364 days which is issued Bi-weekly (2 weeks).
In SECONDARY MARKETS ,you can walk into the bank you wish to invest with and day,and the officer in charge will notify you the available rates and procedure for investing in T-bills here is done through the Open Market Operation (OMO).All investments are through auctions. Notice, inviting bids, is forwarded to licensed discount houses and banks a day preceding the auction. Subscriptions are open to the general public, that is, banks/discount houses, government agencies, corporate bodies institutions and individuals.
My final advice is that you read from the beginning of this thread.....PAGE 1 i mean....

1 Like

Re: Treasury Bills In Nigeria by dipoolowoo: 1:00pm On Sep 14, 2017
Re: Treasury Bills In Nigeria by Inca(m): 2:03pm On Sep 14, 2017
Nigerian T-Bills PMA Result for 13/09/17 Results. Stop rate for 364-day instrument nosed-dived to 17.75% from 18.53% on massive DD

Re: Treasury Bills In Nigeria by feelamong(m): 2:24pm On Sep 14, 2017
I will advise anyone i know to go now and buy long term Tbills from the secondary markets...

We have not seen the usual OMO from CBN in the last few days..

clearly the rates are going to start coming down..

4 Likes

Re: Treasury Bills In Nigeria by yomi007k(m): 2:46pm On Sep 14, 2017
feelamong:


I will advise anyone i know to go now and buy long term Tbills from the secondary markets...

We have not seen the usual OMO from CBN in the last few days..

clearly the rates are going to start coming down..
grin

I guessed rates were gonna fall...

So I bought 309 days from secondary market yesterday morning at 18 % @ First bank....and still reinvested my interest. grin

I thank God for wisdom and everyone dt gave advise here..

1 Like

Re: Treasury Bills In Nigeria by Kevostica(m): 3:09pm On Sep 14, 2017
yomi007k:
grin

I guessed rates were gonna fall...

So I bought 309 days from secondary market yesterday morning at 18 % @ First bank....and still reinvested my interest. grin

I thank God for wisdom and everyone dt gave advise here..
Reinvested interest with the same rate? cos a staff of IBTC told me that reinvested interest will still be the same rate,according to her no increment on the rate when the interest is collected at maturity
Re: Treasury Bills In Nigeria by yomi007k(m): 3:22pm On Sep 14, 2017
Kevostica:

Reinvested interest with the same rate? cos a staff of IBTC told me that reinvested interest will still be the same rate,according to her no increment on the rate when the interest is collected at maturity

Yea... I got my certificate ds morning.


Ppl always said it here dt d rates can only go DOWN.
Re: Treasury Bills In Nigeria by Nobody: 3:23pm On Sep 14, 2017
Another auction next week
www.pmnewsnigeria.com/2017
Re: Treasury Bills In Nigeria by Nobody: 3:28pm On Sep 14, 2017
Inca:
Nigerian T-Bills PMA Result for 13/09/17 Results. Stop rate for 364-day instrument nosed-dived to 17.75% from 18.53% on massive DD

Please where did you get the result not on CBN website

1 Like

Re: Treasury Bills In Nigeria by jp130(m): 3:42pm On Sep 14, 2017
Am I seeing over subscription for 364days tenure. Hmmm, Mak ma bid go tru o

Inca:
Nigerian T-Bills PMA Result for 13/09/17 Results. Stop rate for 364-day instrument nosed-dived to 17.75% from 18.53% on massive DD
Re: Treasury Bills In Nigeria by Inca(m): 3:46pm On Sep 14, 2017
From a close pal.
He's an insider actually...
You can verify the data in CBN website in a few days time.
But the report is 100% legit!



adegokekemi:


Please where did you get the result not on CBN website
Re: Treasury Bills In Nigeria by Nobody: 3:56pm On Sep 14, 2017
Inca:
From a close pal.
He's an insider actually...
You can verify the data in CBN website in a few days time.
But the report is 100% legit!




Ok
Re: Treasury Bills In Nigeria by Nobody: 3:58pm On Sep 14, 2017
If your bid is successful, fall in and share your result
Re: Treasury Bills In Nigeria by onayemi1: 4:38pm On Sep 14, 2017
Secondary rate @UBA. 245days for 16%, 133days for 13.9% and 77days for 13.5%
Re: Treasury Bills In Nigeria by AkDave1: 5:10pm On Sep 14, 2017
ONE CHANCE!!!
onayemi1:
Secondary rate @UBA. 245days for 16%, 133days for 13.9% and 77days for 13.5%
Re: Treasury Bills In Nigeria by Investnow2017: 5:12pm On Sep 14, 2017
onayemi1:
Secondary rate @UBA. 245days for 16%, 133days for 13.9% and 77days for 13.5%

Why not do FGN Savings Bond instead.

.

1 Like

Re: Treasury Bills In Nigeria by Nobody: 5:21pm On Sep 14, 2017
onayemi1:
Secondary rate @UBA. 245days for 16%, 133days for 13.9% and 77days for 13.5%
angry angry
Re: Treasury Bills In Nigeria by Bamz(m): 5:41pm On Sep 14, 2017
adegokekemi:
Another auction next week
www.pmnewsnigeria.com/2017

Can anyone confirm this?
Re: Treasury Bills In Nigeria by dipoolowoo: 6:41pm On Sep 14, 2017
Re: Treasury Bills In Nigeria by dipoolowoo: 6:44pm On Sep 14, 2017
Bamz:


Can anyone confirm this?

Yes, according to CBN's calendar, there would be an auction next Thursday. View here https://www.businesspost.ng/2017/09/14/nigerian-treasury-bills-issue-programme-fourth-quarter-2017/

1 Like

Re: Treasury Bills In Nigeria by lilee2hot(f): 7:14pm On Sep 14, 2017
dipoolowoo:
Nigerian Treasury Bills Issue Programme for Fourth Quarter 2017
https://www.businesspost.ng/2017/09/14/nigerian-treasury-bills-issue-programme-fourth-quarter-2017/
Thanks dear
Re: Treasury Bills In Nigeria by Thisandthat(f): 7:25pm On Sep 14, 2017
I got 113days from Stanbic secondary market at 17% yesterday after much stress with GTB and Access Bank who tried their best to frustrate me the past two days. Gtb insisted I must buy tru my account officer and all account officers had left for marketing and Access Bank told me there was no Tb available on the secondary market. Please dis is my first comment on Nairaland. I learnt everything I know on Treasury bills and Mutual Fund here.... Thank you to everyone here,I can't afford to pay for the knowledge I have gathered so far. I had to quote this person cos I don't know how to drop a comment here yet without quoting someone .I love y'all.... U guys are priceless ....Celebrating my first comment on Nairaland.... Yay!!!!!

20 Likes

Re: Treasury Bills In Nigeria by hiscules: 8:54pm On Sep 14, 2017
I got 17.1% for 203 days from stanbic today, is this a good deal??

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