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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615216 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 tolajay: 11:54am On Oct 16, 2017 |
Anyone been to First Bank to get the current rates? Please share! |
Re: Treasury Bills In Nigeria by Nobody: 1:09pm On Oct 16, 2017 |
I'm in Stanbic IBTC Bank right now to purchase NTB. Primary market... |
Re: Treasury Bills In Nigeria by TONY56: 1:27pm On Oct 16, 2017 |
bliss11: It is very abnormal pls and I know Stanbic and First bank does not deduct any kobo from matured NTB. Well, I won't be suprised if UBA, does that cause I had a bad experience with them some years back that made me abandon my account with them when they zeroed my account from about 10k in the name of frivolous deductions. All the same, I don't believe they will deduct a kobo. You will simply see an alert that the exact invested amount has been credited onto you account on that day-you don't even need to ask or remind them. Pls let us know if any deduction is made |
Re: Treasury Bills In Nigeria by megacontrol(m): 1:32pm On Oct 16, 2017 |
I think I'll just try for the same primary market with Stanbic, I already pushed the funds to my Stanbic account. BTW, when is the cut-off for application towards the upcoming primary market bid? Izuogu1: |
Re: Treasury Bills In Nigeria by megacontrol(m): 1:33pm On Oct 16, 2017 |
Just for the sake of info, could you also find out what rates they have listed today for secondary market? Thanks Izuogu1: |
Re: Treasury Bills In Nigeria by Nobody: 2:53pm On Oct 16, 2017 |
megacontrol:18th..that's Wednesday. U should bid before 5pm tomorrow. |
Re: Treasury Bills In Nigeria by Nobody: 2:54pm On Oct 16, 2017 |
megacontrol:ow..so sorry! Left the bank before seeing this |
Re: Treasury Bills In Nigeria by filani(m): 2:55pm On Oct 16, 2017 |
What is the rate guide for the upcoming primary market bid? |
Re: Treasury Bills In Nigeria by spriteB(f): 3:47pm On Oct 16, 2017 |
I got 15.5% for 87 days from Stanbic IBTC secondary market this morning! I wanted to go fill out my bid for 91 days,primary market when the Officer told me 87 days was available at the secondary market @ 15.5%. I filled out the form sharp sharp! ![]() 4 Likes |
Re: Treasury Bills In Nigeria by turpsy: 3:54pm On Oct 16, 2017 |
This is one of the best thread i have seen on nairaland. Infact I bookmarked it. The only page i visit here. I have learnt alot and still learning here. 4 Likes |
Re: Treasury Bills In Nigeria by AkDave1: 4:44pm On Oct 16, 2017 |
Bookmark ![]() I do not close this tab on my browser... I enjoy every moment here. turpsy: |
Re: Treasury Bills In Nigeria by MssRose(f): 4:52pm On Oct 16, 2017 |
Available rates at Stanbic's secondary market are:
87 days--- 15.5%
171 days ___ 15.70%
262 days____ 16%
expected stop rate for next bid at the primary market:
91 days----- 13.25%
182days----15.4%
364days---- 15.725% 1 Like |
Re: Treasury Bills In Nigeria by TONY56: 4:55pm On Oct 16, 2017 |
MssRose: AMEN |
Re: Treasury Bills In Nigeria by Investnow2017: 4:58pm On Oct 16, 2017 |
MssRose: Thanks Mrs. Nm ![]() 2 Likes |
Re: Treasury Bills In Nigeria by jp130(m): 6:33pm On Oct 16, 2017 |
I submitted my form today at first bank, let me c Hw it goes. Bt I tot I am suppose to b debited today till pending weda it will b successful? |
Re: Treasury Bills In Nigeria by Destinydele: 9:38pm On Oct 16, 2017 |
First bank just sent me alert now that they have debited my account for tb 364 days.....Does that mean my bid is successful? or do i still have to wait? please, gurus help me out... |
Re: Treasury Bills In Nigeria by Investnow2017: 9:41pm On Oct 16, 2017 |
Destinydele: Wait till Thursday to hear from them. You are on track ![]() 1 Like |
Re: Treasury Bills In Nigeria by U1(m): 9:59pm On Oct 16, 2017 |
spriteB: Ma'am, did you invest up to N250m? You may be surprised by the question. But that's what some apparently clueless customer care agent told me I needed to invest in the secondary market. The person told me I can only do primary market with less than that amount. ![]() ![]() If there were any limitations, such are more likely to apply to the primary market. I was aware that the minimum for that was announced at N50m months back. Still, people still do lower amount. So I knew the agent had to be clueless. I'm amazed at how people seem to get secondary bills at Stanbic with relative ease. I went there four consecutive days two weeks ago for same, but it was one story or another as to why I can't get the TB. I actually got the erroneous or deceptive customer care response after visits to bank failed to yield something positive. To think I opened the account recently solely for this purpose. Fund movement looks inevitable as things stand. |
Re: Treasury Bills In Nigeria by needful: 1:36am On Oct 17, 2017 |
I got 286 for 15% at first bank secondary market. Are my being cheated? |
Re: Treasury Bills In Nigeria by NL1960: 8:57am On Oct 17, 2017 |
U1: If you are going through your account officer, stop. Just ask for the TB officer or you go to a branch that is not yours and ask for the TB officer. |
Re: Treasury Bills In Nigeria by megacontrol(m): 9:10am On Oct 17, 2017 |
Similar experience i've had at Stanbic Admiralty branch in Lekki, within the same period I have successfully done three different TBills transaction at FBN. I will have to try another Stanbic branch. U1: |
Re: Treasury Bills In Nigeria by megacontrol(m): 9:15am On Oct 17, 2017 |
You cannot really say the officer or bank has cheated you if they've provided info to you on all the available tenure and rates as at the time of your enquiry. You choose to deal at your selected tenure,rate and time. You could have walked away to try another time, day , branch or ban altogether. Any of these could have presented you with a better (or worse) offer but you decided to take what was available to you at the time. Nobody cheated you really! needful: |
Re: Treasury Bills In Nigeria by bliss11(m): 9:31am On Oct 17, 2017 |
TONY56:ok I'll do dat it's to mature on the 19th of this month 1 Like |
Re: Treasury Bills In Nigeria by cdenc: 11:13am On Oct 17, 2017 |
Please, who has the phone number to report when treasury bill officials in banks are refusing to process your treasury bill purchase. They tell you they would not process your form for primary market if you do not have 50M and if you have less than that you can only get secondary market. They want you to buy secondary market by all means. This is becoming too much for a particular bank. Guess try to submit your forms if your bank is accepting as it ends today 4pm for the next auction |
Re: Treasury Bills In Nigeria by freeman67: 11:56am On Oct 17, 2017 |
cdenc: You cannot report them anywhere because that is the CBN rule. Though some bank & branches accept their previous minimum before the rule was announced, they still reserve the right to do otherwise as it suits them. If you are told you can't do less than 50m all you can do is to look for another bank or branch that accepts what you and transfer your funds there for onward processing to avoid vexing yourself for nothing. 4 Likes |
Re: Treasury Bills In Nigeria by Investnow2017: 12:01pm On Oct 17, 2017 |
cdenc: Some banks will even discourage you from participating in both the primary and secondary markets all together. I think any bank, under the circumstance, that offers the option of Secondary Market, is not that bad. This thread is awash with similar or worse complaints by retail investors about the non-challant attitude of bank staff towards them in the bid to buy TBills. Please be careful not to do anything that would make anyone lose his or her job; some still holding down their jobs do not know how nearly impossible to get another in a country where the labour market has vanished into oblivion. Abeg no vex dear. . 3 Likes |
Re: Treasury Bills In Nigeria by U1(m): 12:17pm On Oct 17, 2017 |
NL1960: I don't even know my account officer, although I have been trying to do this at the branch where I opened the account. The bad part is that the second nearest branch of the bank is about 20-30 minutes away by bus. ![]() |
Re: Treasury Bills In Nigeria by NL1960: 12:24pm On Oct 17, 2017 |
U1: Is this in Lagos?. |
Re: Treasury Bills In Nigeria by freeman67: 12:32pm On Oct 17, 2017 |
U1: In as much as account officers in various bank or beaches can sometimes be mischievous, it is also very true that some TB officers in some banks and branches can be very clueless and in most cases would want to force their clueless opinions down your throat. In most cases what to do is that.... 1. Have some idea of current news and happening in TB market before you go out there; so that if they are not inline you can put them through. 2. You could try and confirm who is actually in charge/ responsible for TB investment there..try to chat with him/her to know how knowledgeable he or she is in it. I know TB officer that just started investing for self and family not too long ago. She is just getting to be more interested in it. Also, I was in Wuse market branch in Abuja sometime around June 2017 to invest in secondary market and the dude there told me he has to call & confirm whereas before then any branch with active TB officer will just loggin their platform to see what's available provided there is network. The guy kept wasting my time with his cluelessness till after about 20mins. I left to Wuse Zone 5 branch and the lady there showed me what's available. In not less than 2mins.. I made my choice, filled the form and voilĂ ... It was done. 3. Always avail yourself the opportunity to either go to other bank or branch if what you hear from the branch doesn't go in tandem with your prior knowledge or you do like some people here by posting their findings directly while in the bank. That however, could be unreliable sometimes as people that have answers/knowledge abt the questions may no be around to give inputs. From personal experience, stanbic does both primary and secondary from 100k and above even after the CBN rule of 50m. The issue with stanbic is that for their secondary market in most branches around(Abuja) here. They'll have to call their Global Market to confirm if available and ;what rate and tenure. In FBN if there is network you are fine because right there and then they'll loggin and tell you what's available. You could only have issues with the secondary market with on Wednesday & Thursday of auction week because of auction and settlement. 4 Likes |
Re: Treasury Bills In Nigeria by Partnerbiz(f): 7:15pm On Oct 17, 2017 |
TONY56:1 to 300 indeed. How many did u read? 2 Likes |
Re: Treasury Bills In Nigeria by U1(m): 8:27pm On Oct 17, 2017 |
NL1960:Yes, but on the outskirts. |
Re: Treasury Bills In Nigeria by dipoolowoo: 10:29pm On Oct 17, 2017 |
CBN Auctions N20b 191-Day Bills as Overnight Rate Falls to 28.67% https://www.businesspost.ng/2017/10/17/cbn-auctions-n20b-191-day-bills-overnight-rate-falls-28-67/ |
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