Dimma2me:
Please I want to invest on this Treasury bill, please which bank can I go to, those that can give me a good rate. Somebody please help.

dipoolowoo:
CBN Raises N84b from OMO Auction, Records No Bids for 87-Day Bill
https://www.businesspost.ng/2018/01/30/cbn-raises-n84b-omo-auction-records-no-bids-87-day-bill/

Fynebouy:
Hello all,

Please when is the next TB date with CBN and when is the best time to approach the banks.

Many thanks

dipoolowoo:
CBN to Auction N253b Treasury Bills Tomorrow
https://www.businesspost.ng/2018/01/30/cbn-auction-n253b-treasury-bills-tomorrow/

lowkey28:
I want to Invest in tomorrow Tbills bidding(Primary Market), Do I have to go to the bank today or tomorrow after the bidding?

Dimma2me:
Please I want to invest on this Treasury bill, please which bank can I go to, those that can give me a good rate. Somebody please help.

lowkey28:
I want to Invest in tomorrow Tbills bidding(Primary Market), Do I have to go to the bank today or tomorrow after the bidding?

Fynebouy:
I really don't know what to do as my BO gave me a TB certificate that is maturing 01/02/2018. I would have thought it would mature just before or on same day as next TB. So can i roll over that particular certificate even though the auction is tomorrow. Or what is the way to go about it.

Also my BO is not responding to my calls or emails so I really cant get any information off him.

Thanks for your help.

NL1960:


Your BO is right. TBs matures on a Thursday while bidding is a day before i.e. Wednesday. It is the funds realized on Wednesday that is used to settle those that matured the next day of Thursday.

Fynebouy:


Thanks so much for this info. So how do I roll over or do I just let the funds sit in my account for almost 2 weeks before I get involved again. Please what options are available for me?

Fynebouy:


Thanks so much for this info. So how do I roll over or do I just let the funds sit in my account for almost 2 weeks before I get involved again. Please what options are available for me?

NL1960:


You cannot rollover because TBs are from FG and not from banks. The banks are just facilitators between you and FG. The CBN represents the FG while the banks represent you. You cannot go straight to the FG. That is why you go through the banks that go through the CBN to FG.

As to the options available to you, you either wait for the next primary auction bid in 2 weeks time or you buy from secondary market or you place the funds on a call deposit for the 2 weeks.

megacontrol:
I think s/he can rollover maturing primary market TBill at prevailing rate. It is clearly indicated as one of the options on the TCB form. How the rollover rates are computed is what i don't know, but i guess they will use the latest bid rate if the bank is successful.

NL1960:


Hearing this for the first time because CBN has never come out to say that people can rollover TBs. They always conduct a fresh auction and allotment is done after the auction. So, if CBN gives the allotment amount, what will they now do with rollover amounts or what portion of the allotted amount from the auction is reserve for rollovers?. I want to believe that it is the banks that do a rollover and iam equally sure that they just allocate from their secondary market pool.

lowkey28:
I just applied for Secondary market TB at FBN and I got 12.45 for 99days.

lancee:




I think its the banks ...Zenith bank offers me such services , they will send a mail Wks before maturity , then u have to reply them like 1 week before maturity either to Rollover ur Tbills or not

Waiting for today's T bills outcome

ositadima1:
I found this interesting, not directly related to Tbills but none the less educative;

"Inflation is, in fact, a tax on money holdings. Then, after exploring some implications of this fact, we will examine again the reason why some countries have high inflation rates.

We start with the fiscal budget constraint that every government faces.

1. G = T + ΔB/Δt + ΔM/Δt

where G is government expenditure, T is taxes, t is time and ΔB/Δt and ΔM/Δt are the current-period changes stocks of government bonds and money held by the public. This constraint says that the government must finance its expenditures by either levying taxes, selling bonds to the public (increasing the stock of bonds at the rate ΔB/Δt) or printing money (increasing the money stock at the rate ΔM/Δt). The government budget deficit, government expenditures minus taxes, must be financed by either borrowing (selling bonds) or printing money.

Suppose that the government runs a deficit and finances it by printing money. For the sake of argument, we assume that the deficit is $1 billion and that the money supply is initially $10 billion. The government prints $1 billion of new money, giving it to the public in return for $1 billion worth of real goods and services. The public sells these goods and services to the government at market prices and receives an equivalent amount of money return---the goods and services are part of G, which exceeds T by 1 billion dollars.

But the nominal money supply is now ten percent ($1 billion/ $10 billion) higher and, given the public's unchanged desired holdings of real money balances, the price level will eventually rise by 10 percent. As a result, the public ends up with 10 percent larger nominal money holdings, which it gave up real goods and services to obtain, but faces a 10 percent higher price level. Since its real money holdings have not changed, it has received nothing for the goods and services it gave to the government. The public is no better off than it would have been if the government increased taxes by $1 billion dollars and used those funds to purchase the goods and services from it.

By printing money instead of raising income or sales taxes, the government is taxing money holdings instead of income or sales. Since the price level rises by 10 percent, everyone loses 10 percent of their initial money holdings and has to give up an equivalent amount of their current income to acquire sufficient additional nominal money holdings to maintain their real money holdings at the desired level. Had income taxes been increased instead, the government would have taken $1 billion (the same amount) directly off their current year's earnings."

It's quite long and I cut it here, I can post the subsequent part if you interested in reading further.

Thisandthat:
Secondary rates for today 31st Jan Stanbic Ibtc 13.3% for 246 days,13.3 for 71days and 13.4 for 162 days....I actually got the 246 days .....learnt auction was for today.....haven't ever bought the primary market

Partnerbiz:

If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.



dotcomenamename
tony56 ( my man) lol

Thisandthat:
Secondary rates for today 31st Jan Stanbic Ibtc 13.3% for 246 days,13.3 for 71days and 13.4 for 162 days....I actually got the 246 days .....learnt auction was for today.....haven't ever bought the primary market