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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4610833 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 awesomeJ(m): 11:56am On Jun 09, 2018 |
freeman67: Aim07: NL1960: Aim07: I think the investment was made together with the upfront interest. That explains why principal at maturity will be 114 k and not 105k. |
Re: Treasury Bills In Nigeria by Aim07(f): 3:44pm On Jun 09, 2018 |
awesomeJ: freeman67: awesomeJ: freeman67:ok thanks to u all for ur prompt response |
Re: Treasury Bills In Nigeria by freeman67: 7:49pm On Jun 09, 2018 |
awesomeJ: Yes.. . So the charges were taken... |
Re: Treasury Bills In Nigeria by lastmessenger: 1:37pm On Jun 11, 2018 |
I want to go to my bank tomorrow morning and tender my bid for treasury bill. I just want to ask for the reasonable rate to bid for 365 days considering the fact rates are down recently. |
Re: Treasury Bills In Nigeria by dipoolowoo: 2:49pm On Jun 11, 2018 |
N425b T-Bills Mature This Week as CBN Offers N181b via PMA https://www.businesspost.ng/2018/06/11/n425b-t-bills-mature-this-week-as-cbn-offers-n181b-via-pma/ |
Re: Treasury Bills In Nigeria by Timmi: 4:12pm On Jun 11, 2018 |
Source: Nairametrics Report - Fixed Income weekly report. Q3 2018 NTB calendar shows a neutral FG borrowing stance: The CBN released the Q3 2018 calendar for NTB issuance which shows planned government borrowings at NGN1.1 trillion set against maturities of the same amount. In simple terms, the FG borrowing is simply rolling over what is maturing, which implies that on a net basis, no fresh borrowings. That said, the 3M and 6M tenors are net issuances, while the 1-yr tenor is a net repayment. The calendar marks the end of the net repayment pattern over the last two quarters which underpinned robust system liquidity and implies likely upward pressures on the front-end of the yield curve. |
Re: Treasury Bills In Nigeria by Nobody: 5:04pm On Jun 11, 2018 |
I got 11% for 58days Face value: #1,240,000 Bank: Stanbic IBTC Charged Deducted:#300 They debited me 2hrs after I submitted my form. They also have 11.22 and 11:4 for longer tenor (Nov and Dec) Bye Bye to Union Bank Have a blessed week y’all 1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:01pm On Jun 11, 2018 |
So rates may go up abi |
Re: Treasury Bills In Nigeria by FKBZ: 7:49pm On Jun 11, 2018 |
I need the rates to be up |
Re: Treasury Bills In Nigeria by Burchester: 12:26am On Jun 12, 2018 |
whats the best bank for treasury bills ? |
Re: Treasury Bills In Nigeria by dipoolowoo: 10:38am On Jun 12, 2018 |
Money Market Rates Surge by 7.13% as T-Bills Yields Shrink to 12.77% https://www.businesspost.ng/2018/06/12/money-market-rates-surge-by-7-13-as-t-bills-yields-shrink-to-12-77/ |
Re: Treasury Bills In Nigeria by Nnamz(m): 9:44pm On Jun 12, 2018 |
Please how does it work with secondary market rates? Like do you tell your bank you have 250,000 naira and you would like the rate of 15%? Or do you just tell them that you have 250,000 Naira and they should find a treasury bill under 250,000 Naira that is selling for 15%? I giuess my question is: do you pick the rate as well as the amount? Or do you just pick a rate and let the amount be decided by whoever is giving up their bond early. Thanks |
Re: Treasury Bills In Nigeria by dejiotus: 10:24pm On Jun 12, 2018 |
Nnamz:No. Customers do not dictate the rate in the secondary market. The bank will tell you the available rates and tenors, and you will pick what you desire (ie the rates and for how many days (tenor)). You can buy any amount you want as long as the amount is available and it is more than the minimum amount allowed by the bank in the secondary market. For example the minimum amount you can buy in the secondary market with Stanbic is 500K. 2 Likes |
Re: Treasury Bills In Nigeria by Nnamz(m): 10:41pm On Jun 12, 2018 |
Thanks for your response. So when would a customer pick their own rate? On Zenith Bank Treasury bills form you can either go with the bank bid rate, or the customer bid rate, and enter your preferred rate under this customer bid rate. |
Re: Treasury Bills In Nigeria by Ifelove1(m): 11:04pm On Jun 12, 2018 |
Nnamz:That would be for primary markets. In that case you decide the rate you want for the next auction. If the rate you choose is less than the rate the CBN is ready to buy your bid is successful. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:14pm On Jun 12, 2018 |
Ifelove1: Please help remind them that they need minimum of 50m to fix their rates. Wish them luck. 1 Like |
Re: Treasury Bills In Nigeria by dejiotus: 11:18pm On Jun 12, 2018 |
Nnamz:And if the rate you choose is more than CBN stop rate, then your bid will not be successful. Also you can only choose your bidding rate if you are buying Treasury bills of more than 50 million in the primary market |
Re: Treasury Bills In Nigeria by Nnamz(m): 12:18am On Jun 13, 2018 |
So what exactly is the difference between the primary and secondary market, in terms of rate? |
Re: Treasury Bills In Nigeria by Ifelove1(m): 12:53am On Jun 13, 2018 |
Nnamz:Primary: You choose your rate when you bid. Secondary: The bank/investment house has gotten the bills from the primary market at certain rates. When you want to purchase it from them you buy at the rates they have already i.e. You know beforehand the exact rate you are getting. Any of the rates may be higher depending on some factors. 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 4:43am On Jun 13, 2018 |
Is it a coincidence that my girlfriend's name is Ife and I sometimes call her Ife love and here the handle of thelovely lady answering my question is Ifelove. Haha |
Re: Treasury Bills In Nigeria by teeymix16: 9:52am On Jun 13, 2018 |
will there be another auctioning around nov-dec |
Re: Treasury Bills In Nigeria by Ifelove1(m): 9:53am On Jun 13, 2018 |
Nnamz:Haha... I am a guy |
Re: Treasury Bills In Nigeria by brandable: 12:16pm On Jun 13, 2018 |
Hello ladies and gentlemen , please anyone bid with FBN I am yet to be debited, or is there no auction today. |
Re: Treasury Bills In Nigeria by yinka2011: 1:47pm On Jun 13, 2018 |
here is result from today's Primary Market Auction from easykobo link is here https://www.easykobo.com/News.aspx?id=20119 2 Likes
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Re: Treasury Bills In Nigeria by Apitch(m): 1:47pm On Jun 13, 2018 |
Please for some of us that don't have up to this millions and hundreds of thousands, which firm can do 100k? What is FBN's lowest? Thanks |
Re: Treasury Bills In Nigeria by Desanta(m): 2:36pm On Jun 13, 2018 |
Good news. Rates have started going north. |
Re: Treasury Bills In Nigeria by Nobody: 2:50pm On Jun 13, 2018 |
brandable: same here,zenith bank |
Re: Treasury Bills In Nigeria by Acme77: 2:59pm On Jun 13, 2018 |
Apitch: First Bank |
Re: Treasury Bills In Nigeria by Agbaletu: 3:26pm On Jun 13, 2018 |
datovid:Minimum of 1m in Zenith Bank. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 4:06pm On Jun 13, 2018 |
yinka2011: positive signs , anyone bid with stanbic for 364days, I hope it succeeded. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 4:11pm On Jun 13, 2018 |
has any1 been debited today for tbills? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:35pm On Jun 13, 2018 |
zamirikpo:we need it back at 15 this is fair rate make we make a real profit of 3 percent annually |
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