Ikmontana1:
pls bosses in d haus,
wat are the risks associated with treasury bills..??

None.

Ikmontana1:
pls bosses in d haus,
wat are the risks associated with treasury bills..??

NONE I know of except of the fact that rates are not constant. I started with 18.6% and today my projections aren't visible. Am already seeing shortfall in my annual target. Like I keep saying its the best investment for me at the moment because of the nature of my job. Any rate above savings and fixed deposit rates is very OK by my calculations.

MacShiff:

None.

tanx boss

GODAKPAN:



NONE I know of except of the fact that rates are not constant. I started with 18.6% and today my projections aren't visible. Am already seeing shortfall in my annual target. Like I keep saying its the best investment for me at the moment because of the nature of my job. Any rate above savings and fixed deposit rates is very OK by my calculations.

tanx boss

hi guys when is the next treasury bill auction pls

Ikmontana1:
pls bosses in d haus,
wat are the risks associated with treasury bills..??

It is as safe as the Nigerian government, maybe safer. I have been doing it for the past 3 or 4 years.

ositadima1:


It is as safe as the Nigerian government, maybe safer. I have been doing it for the past 4 or 5 years.

tanx boss

Ikmontana1:
pls bosses in d haus,
wat are the risks associated with treasury bills..??

Sovereign risk. If the federal government of Nigeria fails or declares bankruptcy, you will lose your investment.

If there is a coup, a junta government can declare by decree that all domestic debts including treasury bills are cancelled.

Note that all forms of investment are subject to Sovereign risk plus other risks, but t-bills is subject only to Sovereign risk.

Tojued:


Sovereign risk. If the federal government of Nigeria fails or declares bankruptcy, you will lose your investment.

If there is a coup, a junta government can declare by decree that all domestic debts including treasury bills are cancelled.

Note that all forms of investment are subject to Sovereign risk plus other risks, but t-bills is subject only to Sovereign risk.

tanx boss

is the treasury bill offer still holding this

N153b Maturing T-Bills to Ease Financial System Liquidity
https://www.businesspost.ng/2018/03/06/n153b-maturing-t-bills-to-ease-financial-system-liquidity/

Gavrelino123:

I'm suspecting this is the hand work of Account officers...deliberately making our bid to fail...
If not for OGA TONY who gave me the insight last time to follow them up,i wouldn't have participated in the last auction.
Please what do you suggest we do next?

Was able to get 269dys @ 13.5 %

lancee:




Was able to get 269dys @ 13.5 %

with which bank please and was it yesterday?

Pharmtj:
with which bank please and was it yesterday?

Yes

lancee:




Was able to get 269dys @ 13.5 %

is it @ GTB.?.... when was that?

lancee:


Yes

what bank.?

Gavrelino123:

what bank.?

stanbic

I greet the house. I have been following up on the comments and activities and Im very interested in buying some Tbills. I went to my bank (Gtbank) and met with my account officer where i told her i need to subscribe for the 91 days Tbills for N5 million. I was asked to write her an instruction so that my request can be processed. Up till this moment it has not been processed, I called her and she said it will be available on the 9th. After proper research here i found out that you can actually buy tbills from the secondary market any day right? So its either she doesnt know what she is doing/what to do, or purposely delaying and wanting me to forget about it. As it is, im ready to move my funds to any bank where i can buy tbills effortlessly. Please house if you can advice on the preferred bank. I run accounts with Gtbank (main account), Fidelity and Union bank ( *wink* ) as well as Firstbank which is now dormant. I called Fidelity today and they said they can offer me 11% for 91 days.

Am intending to do treasury bill with GTB tomorrow, the question can they do 800k and if not which bank can.

fodukes:
I greet the house. I have been following up on the comments and activities and Im very interested in buying some Tbills. I went to my bank (Gtbank) and met with my account officer where i told her i need to subscribe for the 91 days Tbills for N5 million. I was asked to write her an instruction so that my request can be processed. Up till this moment it has not been processed, I called her and she said it will be available on the 9th. After proper research here i found out that you can actually buy tbills from the secondary market any day right? So its either she doesnt know what she is doing/what to do, or purposely delaying and wanting me to forget about it. As it is, im ready to move my funds to any bank where i can buy tbills effortlessly. Please house if you can advice on the preferred bank. I run accounts with Gtbank (main account), Fidelity and Union bank ( *wink* ) as well as Firstbank which is now dormant. I called Fidelity today and they said they can offer me 11% for 91 days.

First bank and Skye Bank are just the perfect bank for Tbills. my 5naira opinion.

fodukes:
I greet the house. I have been following up on the comments and activities and Im very interested in buying some Tbills. I went to my bank (Gtbank) and met with my account officer where i told her i need to subscribe for the 91 days Tbills for N5 million. I was asked to write her an instruction so that my request can be processed. Up till this moment it has not been processed, I called her and she said it will be available on the 9th. After proper research here i found out that you can actually buy tbills from the secondary market any day right? So its either she doesnt know what she is doing/what to do, or purposely delaying and wanting me to forget about it. As it is, im ready to move my funds to any bank where i can buy tbills effortlessly. Please house if you can advice on the preferred bank. I run accounts with Gtbank (main account), Fidelity and Union bank ( *wink* ) as well as Firstbank which is now dormant. I called Fidelity today and they said they can offer me 11% for 91 days.

Are you sure you've actually been following this thread? Because it has been repeated more than a hundred times : do not buy tbills through your account officer. Please do a search so you can see various advice on this that elders have given.

lancee:



stanbic

Ok thanks.... Just got debited.....265 days @ 13.5%.....Gtbank.
Also,thanks "Engineer Tony" and other Professionals in the house for your candid advice...I would have been waiting for the next primary Auction..

broadstreet:
Am intending to do treasury bill with GTB tomorrow, the question can they do 800k and if not which bank can.

Yes they can...The minimum is 100k.......I got 265 days @ 13.5% today...GTBANK.

Gavrelino123:

Ok thanks.... Just got debited.....265 days @ 13.5%.....Gtbank.
Also,thanks "Engineer Tony" and other Professionals in the house for your candid advice...I would have been waiting for the next primary Auction..

Beautiful!!!.
Congratulations.

Greetings to all the chairmen and Oga(s) in the house I joined the Tbills train today, but had 550k and was debited 535082.19 and found my balance at 14714.50....am akind of confused about it please can someone help me calculate if it's the actual 10% they diducted. I was told it's for 99days.

Fritz007:
Greetings to all the chairmen and Oga(s) in the house I joined the Tbills train today, but had 550k and was debited 535082.19 and found my balance at 14714.50....am akind of confused about it please can someone help me calculate if it's the actual 10% they diducted. I was told it's for 99days.

From a rough calculation, yes it looks like about 10% or just a little less if one considers the little deductions for transaction charges

Tojued:


Are you sure you've actually been following this thread? Because it has been repeated more than a hundred times : do not buy tbills through your account officer. Please do a search so you can see various advice on this that elders have given.

Thanks, its like she has been using me to play ping pong. Ill go to the bank first thing in the morning and talk to customer care or one of the tellers.

Gavrelino123:

Ok thanks.... Just got debited.....265 days @ 13.5%.....Gtbank.
Also,thanks "Engineer Tony" and other Professionals in the house for your candid advice...I would have been waiting for the next primary Auction..

How did you go about it?

.

TONY56:


Beautiful!!!. Congratulations.

Thanks prof...

fodukes:


How did you go about it?

GTBANK TB Secondary market portal is accessible medially 10am -2pm as claimed by the enquiry staff..
Naturally they will attempt frustrating you by saying that they weren't given any approval to operate on secondary market at the moment that you should check back...Definitely,you will ask by saying,;when should i check back?...they will reply by saying.; I'm not sure that it depends...
You have to speak eloquently to the enquiry staff and let them know that you are well enlightened about T.B SECONDARY Market....tell them not to joke with you that everyone has their own personal problems to deal with....Make sure you write your instructions down there and make sure it's treated before you leave the bank...
Make sure they listen to you,don't listen to anyone..