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Treasury Bills In Nigeria - Investment (407) - Nairaland

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Re: Treasury Bills In Nigeria by kristien4(m): 9:19pm On Oct 05, 2017
walexlo78:
Yes Stanbic, just saw a debit alert now. Though not full allotment. Yet to see the statement to confirm the rate.

What do you mean by not full allotment?
Re: Treasury Bills In Nigeria by Nobody: 9:21pm On Oct 05, 2017
emmanuelewumi:


Who are your stockbrokers? I use United capital, CSL stockbrokers and Investment One, you may need to change your broker or you transfer the fund in your stockbroking account to your bank account for Trreasury Bills investment.

K am with TIDDO SECURITIES. . I'll be glad to know some brokers that do TB at lower amounts in case I can't buy at FBN. Thank you
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:27pm On Oct 05, 2017
priscaver:


K am with TIDDO SECURITIES. . I'll be glad to know some brokers that do TB at lower amounts in case I can't buy at FBN. Thank you


Your best bet is to use a bank. Investment One will accept 100k, United Capital will accept N1 million, while CSL stockbrokers will accept N2 million for Trreasury Bills investment.
Re: Treasury Bills In Nigeria by U1(m): 9:32pm On Oct 05, 2017
I wonder why Stanbic didn't have secondary market bills for yesterday and today. Is this normal, people? Recently opened an account with them based on what I read here. But they are starting to disappoint already.

It appears they place more emphasis on the primary market, while the banks I previously used won't even let you have that option with little capital. Could someone in the know please tell me the minimum they accept for primary market?
Re: Treasury Bills In Nigeria by judlice84: 9:39pm On Oct 05, 2017
I gave an instruction to my account officer that my acc should be debited with 500k for treasury bills but I saw an email showing 486k.
Please gurus in the house,any explanation for this?
Thanks
Re: Treasury Bills In Nigeria by izang87(m): 12:15am On Oct 06, 2017
judlice84:
I gave an instruction to my account officer that my acc should be debited with 500k for treasury bills but I saw an email showing 486k.
Please gurus in the house,any explanation for this?
Thanks
You're paid your interest upfront in TB.
it means your interest on the 500k is 14k.
I guess it's for 91 days.
Re: Treasury Bills In Nigeria by lancee(m): 1:16am On Oct 06, 2017
https://abokifx.com/news/nigeria-cuts-treasury-bill-yields-at-auction-as-investors-pour-in-cash-reuters
Re: Treasury Bills In Nigeria by Nobody: 1:51am On Oct 06, 2017
ukay2:



Madam....no vex say i quote u....u for ask question to know people in this forum first...

...if u know who pa emmanuelwumi be for investment forum.....you go de happy to learn from him....i am even so happy his taking his time to comment in this forum....educating us on various investment opportunities.....I HAVE LEARNT A LOT FROM PAPA EMMMA..OOOH..

A beg Pa emma no vex for the young members in this forum....dem no know u.......we that know u value , read and STUDY all your posts with serious attention......abeg continue to post here for me in particular...Thank you.

You nailed it ukay2. Alot of young members don't know Pa Emma at all. I was amazed seeing Pa emma lecturing us today despite his busy schedules. Its really a rare privilege. He must be so happy today to devote his time to teach us on this forum.

4 Likes

Re: Treasury Bills In Nigeria by judlice84: 3:05am On Oct 06, 2017
Thanks for your response.
It is for 77 days at the rate of 12.5%.
Upon maturity,will I be paid back 500 or 486 ?
Thanks
izang87:

You're paid your interest upfront in TB.
it means your interest on the 500k is 14k.
I guess it's for 91 days.
Re: Treasury Bills In Nigeria by opomulero(m): 4:14am On Oct 06, 2017
judlice84:
Thanks for your response.
It is for 77 days at the rate of 12.5%.
Upon maturity,will I be paid back 500 or 486 ?
Thanks

Yes after 77 days, you will be paid 500k.
Re: Treasury Bills In Nigeria by judlice84: 4:15am On Oct 06, 2017
Thank you so much and God bless.
Now,I understand
opomulero:


Yes after 77 days, you will be paid 500k.
Re: Treasury Bills In Nigeria by henrinco(m): 9:18am On Oct 06, 2017
My bid for 365 days didn't pull through yesterday I just got 16% first bank 188 days now

1 Like

Re: Treasury Bills In Nigeria by anitank(f): 9:38am On Oct 06, 2017
henrinco:
My bid for 365 days didn't pull through yesterday I just got 16% first bank 188 days now
Please what other tenors were available? Did you ask?
Re: Treasury Bills In Nigeria by henrinco(m): 9:47am On Oct 06, 2017
anitank:

Please what other tenors were available? Did you ask?
I didn't memorise it.. . All are below 16.. 15,12,13 depending on the tenor. I picked 188 because it the highest rate online now.
Re: Treasury Bills In Nigeria by Gbenga230(m): 9:54am On Oct 06, 2017
henrinco:
My bid for 365 days didn't pull through yesterday I just got 16% first bank 188 days now


My bid with UBA was successful but d interest is bad 14.9% for 364days.

I wish I even did Secondary market sef, because its now having better offer of Interest
Re: Treasury Bills In Nigeria by henrinco(m): 9:58am On Oct 06, 2017
Gbenga230:



My bid with UBA was successful but d interest is bad 14.9% for 364days.

I wish I even did Secondary market sef, because its now having better offer of Interest
The rate is really nose diving...
Re: Treasury Bills In Nigeria by PeterKbaba: 10:49am On Oct 06, 2017
PLEASE URGENT ADVICE NEEDED!!!
279 days for 15.55%

Is this okay. Pls urgent response needed....
Re: Treasury Bills In Nigeria by Olamytea(m): 10:54am On Oct 06, 2017
PeterKbaba:
PLEASE URGENT ADVICE NEEDED!!!
279 days for 15.55%

Is this okay. Pls urgent response needed....

Well, in my own opinion. It is very OK considering the rate at which TB ROI are going down. For the last bid 364 days went for 15.7% so ur 277 is good to go for 15.5.

1 Like

Re: Treasury Bills In Nigeria by Kemade2007(f): 11:07am On Oct 06, 2017
PeterKbaba:
PLEASE URGENT ADVICE NEEDED!!!
279 days for 15.55%

Is this okay. Pls urgent response needed....

Pls which bank
Re: Treasury Bills In Nigeria by freepop: 11:21am On Oct 06, 2017
Really? Something is wrong with us in this country. I requested for the account opening requirements online and in was told they don't accept INEC's temporary card.

tolajay:
Once read your post where you said you have a temporary INEC card. Actually, that's accepted by FBN for account opening. You'll only to get your utility bill, passport photograph and cash to fix it.

Anyway, it's all good.

Re: Treasury Bills In Nigeria by TONY56: 11:30am On Oct 06, 2017
henrinco:
My bid for 365 days didn't pull through yesterday I just got 16% first bank 188 days now

At which bank pls?

Does anyone know if Stanbic was successful last Wednesday for 182 & 364days tenors?
Re: Treasury Bills In Nigeria by TONY56: 11:53am On Oct 06, 2017
opomulero:
GTB 4/0ct/2017 rates

91 = 13.25

182 = 15.499

364 = 15.725


Are you very sure that above which I know to be CBN stop rates are also the successful bid rates of GTB Sir?
Re: Treasury Bills In Nigeria by Investnow2017: 12:23pm On Oct 06, 2017
PeterKbaba:
PLEASE URGENT ADVICE NEEDED!!!
279 days for 15.55%

Is this okay. Pls urgent response needed....


For me, it is OK in view of the current market condition.
.
Re: Treasury Bills In Nigeria by dotcomnamename: 1:44pm On Oct 06, 2017
I just got First Bank 181 days at 14.9% .

Not good, right
Re: Treasury Bills In Nigeria by Vera2cc: 3:32pm On Oct 06, 2017
UAML (UBA Subsidiary) 189days at 16.50%
Re: Treasury Bills In Nigeria by Cation(m): 4:37pm On Oct 06, 2017
priscaver:


K am with TIDDO SECURITIES. . I'll be glad to know some brokers that do TB at lower amounts in case I can't buy at FBN. Thank you
Try ARM Securities, you can buy treasury bill with them.

1 Like

Re: Treasury Bills In Nigeria by Kemade2007(f): 5:41pm On Oct 06, 2017
Guru in the house pls what is the implication of this to Nigerian investors

https://nairametrics.com/asset-manager-blackrock-has-renewed-interest-in-nigerian-bonds/
Re: Treasury Bills In Nigeria by Kemade2007(f): 5:41pm On Oct 06, 2017
Guru in the house pls what is the implication of this to Nigerian investors
Re: Treasury Bills In Nigeria by Kemade2007(f): 5:42pm On Oct 06, 2017
https://nairametrics.com/asset-manager-blackrock-has-renewed-interest-in-nigerian-bonds/

Guru in the house pls what is the implication of this to Nigerian investors
Re: Treasury Bills In Nigeria by kristien4(m): 5:44pm On Oct 06, 2017
Just contacted zenith, the banks bid for 364days failed.My bid failed again... am tired. And the rates are falling down like sosoliso airline.. And next auction will drop to like 14% thereabouts... I feel like crying. Three unsuccessful bids on a row. History is made!!!

3 Likes

Re: Treasury Bills In Nigeria by joseph1013: 5:45pm On Oct 06, 2017
TONY56:


At which bank pls?

Does anyone know if Stanbic was successful last Wednesday for 182 & 364days tenors?
I got 364days at 15.49%
Re: Treasury Bills In Nigeria by kristien4(m): 5:46pm On Oct 06, 2017
From GT bank to Stanbic bank to Zenith bank.
Failed !! Failed!!! Failed!!!.

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