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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4617293 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 Olarewajub: 5:14pm On Apr 30, 2018 |
Agbaletu: Thanks. Forgot tomorrow was holiday. |
Re: Treasury Bills In Nigeria by Olarewajub: 5:19pm On Apr 30, 2018 |
Gavrelino123: My thoughts exactly. Immediately the branch i did my TB was contacted, my money appeared in my account immediately. That means my money has been lying some where since 5th April. I was silent about the issue since 5th April Because i was really busy with a project, didn't want anything to distract me psychologically. How best do you think i go over the matter. Would the FBN Officers over here be willingly to assist? |
Re: Treasury Bills In Nigeria by Agbaletu: 5:25pm On Apr 30, 2018 |
zinaunreal:You can't submit your bid a day to the bid day. You must have submitted it not less than 2 days before the bid day. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:18pm On Apr 30, 2018 |
Olarewajub:oga I have tried to educated u on this ..they rollover your principal and interest this is written in the foot notes of investment letter that if no instruction at expiration they will roll over at prevailing rates....i don't it several times with millions ....it written get u investment letter |
Re: Treasury Bills In Nigeria by Olarewajub: 6:39pm On Apr 30, 2018 |
ahiboilandgas: I'm i not entitled to an interest if my investment was rolled over? |
Re: Treasury Bills In Nigeria by sunvick(m): 6:57pm On Apr 30, 2018 |
Guys please I need your opinion here..... although not related. But I need a different viewpoint. So on 22/11/17 I was suppose to be credited the Naira equivalence of $5566 USD to my local Naira account. ( I regret not using a dorm account). So the bank converted #320*5566, while the other exchanges were ranging btw 359 - 360# to $1. I have checked the exchange rate on that day (oanda.com and xe.com) but the exchange rate was 359 on 22/11/2017. Please can anyone help me with info, link or how I can find out the prevailing exchange rate local banks use. This is broad day light rape.. |
Re: Treasury Bills In Nigeria by Nobody: 7:08pm On Apr 30, 2018 |
sunvick: The banks buys at a cheaper price and sells at a very high price. That's how they deal man. 2 Likes |
Re: Treasury Bills In Nigeria by Gavrelino123: 7:13pm On Apr 30, 2018 |
Olarewajub:I'm sure they won't want to betray their own.....All you need to do is go back to your branch and question them strictly.....tell them you are loosing confidence in them. You have to get to the root of it... Let them give you the details on what happened themselves....then you can carefully analyse it. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by freeman67: 4:38am On May 01, 2018 |
Olarewajub: Hmmm....! It depends ooo... I once gave an instruction for my investment to be terminated and the instruction was not carried out. When I got there and discovered it was rolled over I told them I didn't ask them to rollover.. They calmed me down and promised it be resolved the TB was resold in the Secondary Market with lesser percentage and part of the interest I earned from the first one was eroded. 2 Likes |
Re: Treasury Bills In Nigeria by TONY56: 8:26am On May 01, 2018 |
freeman67: All these are happening because the investments were done with First Bank. That's one of the reasons I stick to my darling Stambic. There's no roll over with them and no reinvestement of upfront profit. So nobody will tell me that my money was rolled over or that my interest was mistakenly reinvested. I am also aware that some investors too don't like Stambic cause of the very reason why I like them. ![]() ![]() ![]() "One man's meat is another man's poision" |
Re: Treasury Bills In Nigeria by freeman67: 8:37am On May 01, 2018 |
TONY56: Very true... I was actually using Stanbic before FBN and the funny thing is that I started using FBN because of that rollover principal + interest option but if it fails it can go either way. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:59am On May 01, 2018 |
TONY56:I stop using first for that reason but seem I have to go back cos failed bids |
Re: Treasury Bills In Nigeria by Buffalowings3(m): 6:27pm On May 01, 2018 |
when will i have 1miilion in my account ![]() ![]() ![]() ![]() 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 8:03am On May 02, 2018 |
Buffalowings3: Believe Man! Things happen! 5 Likes |
Re: Treasury Bills In Nigeria by zinaunreal(m): 8:34am On May 02, 2018 |
Buffalowings3: I used to pray for 100k. Now i got millions. Nothing is impossible 11 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 8:46am On May 02, 2018 |
CBN Sells N191b Treasury Bills Today at Primary Market https://www.businesspost.ng/2018/05/02/cbn-sells-n191b-treasury-bills-today-at-primary-market/ |
Re: Treasury Bills In Nigeria by Nobody: 9:28am On May 02, 2018 |
temmy59: 9% for 12months would amount to 9 ÷ 12 = 0.75% per month In three months (97days) you ought to get 3 × 0.75 = 2.25% Not 2% |
Re: Treasury Bills In Nigeria by diamond88: 11:17am On May 02, 2018 |
zinaunreal: Nice one. i am open to other open minds here if u want to direct 1 Like |
Re: Treasury Bills In Nigeria by ImperialCovfefe: 1:38pm On May 02, 2018 |
02/05/2018 1 Like
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Re: Treasury Bills In Nigeria by ahiboilandgas: 2:55pm On May 02, 2018 |
ImperialCovfefe:everything done scatter guess it time to buy truck or bond |
Re: Treasury Bills In Nigeria by michellez(f): 3:13pm On May 02, 2018 |
ImperialCovfefe: This is incredibly low. I went to Zenith bank today to make enquiries and was told i cant buy tbills for less than N1M and that would be in two weeks as auction bids had already commenced. I have a few questions please: 1. I understand some people purchased Tbills worth less than a million (like 100k earlier)? If yes, where can i buy those? 2. I dont really understand the dynamics of primary and secondary market but isn't there a way i can still purchase tbills without having to wait till two weeks again when rates would have reduced further? 2 Likes |
Re: Treasury Bills In Nigeria by ImperialCovfefe: 3:29pm On May 02, 2018 |
michellez: Rates are going to go lower, still. 1) Different banks with different minimum amounts. Stanbic, First Bank, and FCMB will allow you purchase Tbills with N100k. 2) You can purchase tbills anytime from the banks’ secondary market (kind of informal and opaque) or from the FMDQ OTC using an investment house (such as Investment One, ARM, Afrinvest, or Axa mansard). The banks will tell you their prevailing secondary market rates for the day. (You can get an indication of the yields to expect by checking the NITTY daily fixing). The investment houses (at least the good ones) will purchase NTBs for you from FMDQ with a reduction in the discount rates (see attached) representing their charges. 4 Likes
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Re: Treasury Bills In Nigeria by Nobody: 4:30pm On May 02, 2018 |
ahiboilandgas: It's time to pack off. |
Re: Treasury Bills In Nigeria by Nobody: 4:33pm On May 02, 2018 |
ImperialCovfefe: They should leave this thing at 10. What happen na. Dem know want make we chop again? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:37pm On May 02, 2018 |
lowkey28:but taught there offered 165 bn for 1 year |
Re: Treasury Bills In Nigeria by michellez(f): 4:42pm On May 02, 2018 |
ImperialCovfefe: Thanks for your insightful response, in terms of the best rates which do you think i should explore first - The bank's secondary market or head straight to the FMDq's? |
Re: Treasury Bills In Nigeria by Nobody: 5:09pm On May 02, 2018 |
ahiboilandgas: I thought as much but with what I saw, No good man. |
Re: Treasury Bills In Nigeria by Anatech(m): 5:43pm On May 02, 2018 |
Ggg |
Re: Treasury Bills In Nigeria by Nobody: 5:50pm On May 02, 2018 |
Has anyone got credited for upfront interest for 364 days tenor today with First bank ? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:16pm On May 02, 2018 |
Jejebaba: Ha. @jejebaba today today.......bros chill ooh. Na from tomorrow or Friday sef. Remember yesterday was public Holiday. Then someone should halt this TB rates ooh.....10% minimum abeg. 3 Likes |
Re: Treasury Bills In Nigeria by ImperialCovfefe: 6:17pm On May 02, 2018 |
michellez: The bank is convenient and straightforward. You may have to be more proactive to elicit responses from the investment houses. |
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