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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4617213 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 zamirikpo(m): 6:19pm On May 03, 2018 |
dejiotus: Na wa oooh, this is the second time the bid is failing. Someone was telling me about stanbic ibtc mutual funds and how the rates are better. Any news guyz . My friend in keystone is offering me 13% for 364days. But I dey fear that bank. Ideas please....someone talked abt Skyebank. I prefer better rates than upfront interest becos even if u are reinvesting your interest at a lower ra |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:22pm On May 03, 2018 |
dejiotus: Na wa oooh, this is the second time the bid is failing. Someone was telling me about stanbic ibtc mutual funds and how the rates are better. Any news guyz . My friend in keystone is offering me 13% for 364days. But I dey fear that bank. Ideas please....someone talked abt Skyebank. I prefer better rates than upfront interest becos even if u are reinvesting your interest at a lower rate , the one time higher rate gives u more returns. I don't mind FD or any higher interest rate paying scheme, except baba ijebu |
Re: Treasury Bills In Nigeria by zinaunreal(m): 7:12pm On May 03, 2018 |
Gavrelino123: Just got deducted. Gtb, secondary market, 315 days, 10.5 percent. The money is out finally. Fresh Hustle begins 3 Likes |
Re: Treasury Bills In Nigeria by alezzy13: 7:35pm On May 03, 2018 |
zinaunreal: I also bank wit GTB and was not debitted tho I applied for d 182 days tenor. First this is happening to me. I'll speak wit d accountant tomorrow |
Re: Treasury Bills In Nigeria by alezzy13: 7:38pm On May 03, 2018 |
zinaunreal: This good news. I was already dreading another endless 2 weeks wait. I certainly won't mind this 315 days offer 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 7:49pm On May 03, 2018 |
zinaunreal:Thanks bro......I will battle them tomorrow to get a secondary market rate.. |
Re: Treasury Bills In Nigeria by diamond88: 8:25pm On May 03, 2018 |
Who knows fixed deposit rate of stanbic and secondary market rate for treasury bills? |
Re: Treasury Bills In Nigeria by katamo: 10:26pm On May 03, 2018 |
Quick update on this... My banker came back to me and confirmed that there will be no issuance next week. What she meant was that they will start accepting bids for the auction the following week (May 17th) from next week (May 10th). michellez: |
Re: Treasury Bills In Nigeria by Nobody: 8:09am On May 04, 2018 |
Jejebaba: Thank God ooo, alert recieved. 1 Like |
Re: Treasury Bills In Nigeria by michellez(f): 8:28am On May 04, 2018 |
katamo:Okay thanks for the clarification. 1 Like |
Re: Treasury Bills In Nigeria by shonez: 10:35am On May 04, 2018 |
alezzy13: Same here. Yet to receive an acknowledgement of the Letter of Authorization l sent to my account Officer instructing him to buy T-Bills on my behalf. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:45am On May 04, 2018 |
shonez:gtb very silly group time to change bank |
Re: Treasury Bills In Nigeria by naijaobi(m): 1:56pm On May 04, 2018 |
LOOL. ![]() ![]() Look at the rates I got from Diamond Bank TENOR MATURITY RATE 41 DAYS 14-Jun-18 6.00% 90 DAYS 2-Aug-18 6.75% 181 DAYS 1-Nov-18 6.85% 230 DAYS 20-Dec-18 7.00% |
Re: Treasury Bills In Nigeria by Gavrelino123: 2:35pm On May 04, 2018 |
ahiboilandgas:I'm telling you,very disappointing Bank. I couldn't get a secondary market rate with them today......!!!!!!! Kindly,has anyone successfully suscribed for GTBANK Secondary market today.? |
Re: Treasury Bills In Nigeria by Gavrelino123: 2:40pm On May 04, 2018 |
naijaobi:God punish devil...!!!!! What the hell is this??!!!!!!!!!!!!! |
Re: Treasury Bills In Nigeria by Agbaletu: 2:50pm On May 04, 2018 |
naijaobi:Has TB gone to this level? Money in the dom account....useless I can't believe the figures above. |
Re: Treasury Bills In Nigeria by Nobody: 3:35pm On May 04, 2018 |
naijaobi: Useless rates with useless bank. First bank still offers 10% for around 182 days today at secondary markets. 1 Like |
Re: Treasury Bills In Nigeria by exclusiveoloori: 4:21pm On May 04, 2018 |
Jejebaba: At what rate for 365days from first bank? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 4:32pm On May 04, 2018 |
I just negotiated for 13% with Skyebank for 364days. FD. It's far better for me. Yes no upfront I can manage. TB go to bench.....let FD play 9 for me. |
Re: Treasury Bills In Nigeria by yak(m): 4:40pm On May 04, 2018 |
zamirikpo: I think 10% on TB is better than the 13% 2 Likes |
Re: Treasury Bills In Nigeria by Agbaletu: 5:05pm On May 04, 2018 |
yak:I doubt it. I may consider FD from now until TB is better. |
Re: Treasury Bills In Nigeria by diamond88: 5:05pm On May 04, 2018 |
yak: calculating the above comparison between tb 10% and FD 13% will juxtaposes ur point u guys can correct me: asumming 100k is to be invested. for FD, interest earned at the end of the month is 13,000 for 1year. interest on FD is taxed at 10%. 13,000 x 0.90= 11,700 is the interest earned at the end of the month after tax For TB Investing same amount 100,000 @ 10% rate for a year. interest paid upfront will be 10,000. But since 90,000 be deducting from the account as at first day of incesting, it is important we calculate the true yield. so true yield be 10,000x100/90,000x1=11.11%. Well it seems FD beat TB comparing both rate. |
Re: Treasury Bills In Nigeria by Agbaletu: 5:06pm On May 04, 2018 |
zamirikpo:Wow, 13% is cool. |
Re: Treasury Bills In Nigeria by Gavrelino123: 5:07pm On May 04, 2018 |
yak:T.B is Always better ....you can sleep peacefully...Even if Fixed Deposit rates rise to a whopping 18%,i still won't do.......Fixed deposit is like a thing of the past for me...Never ever. 4 Likes |
Re: Treasury Bills In Nigeria by dotcomnamename: 5:37pm On May 04, 2018 |
Gavrelino123: My new AO is a very good woman and a former neighbor, she told me that i shouldn't even think of Fixed Deposit. I asked her why she said so, she said she will explain somethings to me and about FD when i come to 9ja this summer as per i told her i'll be around in summer. She said ''forget about FD & focus on TB & MF. Will tell me other options when we meet this summer. ![]() 4 Likes |
Re: Treasury Bills In Nigeria by Agbaletu: 5:53pm On May 04, 2018 |
dotcomnamename:I wouldn't mind if you share the outcome here whenever you meet her. There is a need to know why she said you should forget about FD. I used to do FD some years ago and I had no regret whatsoever. Maybe things have changed with FD now. TB, why? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:07pm On May 04, 2018 |
Agbaletu:notting changed fd is still good it help stabilize the system and keep bank profitable is also gud for shortime investor like 30 days which is not available in t.b or bonds 1 Like |
Re: Treasury Bills In Nigeria by alezzy13: 7:16pm On May 04, 2018 |
Gavrelino123: I contacted d account officer and he indeed confirmed they lost d bid. I asked about secondary MKT, but he said they yet to get information from their headquarters. So how soon will this be, I asked. The man just mumbled something about any time from now. However for what its worth I won't totally write them off. In fairness to them it quite uncommon to lose a bid with them, and I've been using them for quite a while. I used to buy thru diamond bank, but didn't like their services. 1 Like |
Re: Treasury Bills In Nigeria by uvbiakpo: 7:47pm On May 04, 2018 |
Access Bank Today's Rate 69days - 7.5% 104days -9% 139days - 9.5% 216days -10% |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:04pm On May 04, 2018 |
dotcomnamename: my younger brother works with Diamondbank and he has been a banker for 8years. I didn't fix with his bank becos their rates are very poor. FD has inherent risk which has to do with the banks strength. the question is how strong is the bank u intend to fix ur money. that is the only risk. I started with Fd many years ago before I metarmophorsized into Tb, I had no regrets with Fd. the general fear people have is with the strength of these banks we have around, last year skyebank acquired mainstreet bank and ran into liquidity issues, but the cbn stepped in, same with keystone, I don't think the feds will allow any banks to fail in this era(my lay man's views). don't cause unnecessary panic. there is nothing sinister about FD........ 2 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:07pm On May 04, 2018 |
Gavrelino123: TB is better wh6en th6e rates are good. we all started with FD and it can always play substitute when the need arises especially with very short tenures like 30days 1 Like |
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