Treasury Bills In Nigeria - Investment (527)

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Treasury Bills In Nigeria - Investment (527) - Nairaland

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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): 4:45pm On Jun 13, 2018

ahiboilandgas:
we need it back at 15 this is fair rate make we mak [img][/img]e a real profit of 3 percent annually

True talk....i hope and pray too.....

Re: Treasury Bills In Nigeria by eromosele1986: 6:22pm On Jun 13, 2018

Hello house, whats the new rate after today's auction.

1 Like

Re: Treasury Bills In Nigeria by yanmiri(f): 6:47pm On Jun 13, 2018

eromosele1986:
Hello house, whats the new rate after today's auction.

See previous page

Re: Treasury Bills In Nigeria by zamirikpo(m): 7:15pm On Jun 13, 2018

eromosele1986:
Hello house, whats the new rate after today's auction.

91 days - 10.2%
181 days '- 10.5%
364days '- 11.5%

Re: Treasury Bills In Nigeria by freeman67: 8:17pm On Jun 13, 2018

Apitch:
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

Please forget all figures you see people brandish here.. Just concentrate on how to build yours. Stanbic IBTC, FBN, GTB and Sterling are banks that I know does allows 100k for TB investment. FBN lowest as much as I know is 100k. Good luck

7 Likes

Re: Treasury Bills In Nigeria by eromosele1986: 8:30pm On Jun 13, 2018

Pls can anyone help with the formula of calculating this percentage with numbers of days

Re: Treasury Bills In Nigeria by eromosele1986: 8:43pm On Jun 13, 2018

zamirikpo:

91 days - 10.2%
181 days '- 10.5%
364days '- 11.5%

Thx for the response, since 91 days is 10.2% and 364 days is 11.5% is it not better to do 91 days then renew it after its expires.

Re: Treasury Bills In Nigeria by awesomeJ(m): 9:11pm On Jun 13, 2018

May's inflation at 11.61%
https://nairametrics.com/inflation-rate-drops-for-the-16th-consecutive-time/

Re: Treasury Bills In Nigeria by awesomeJ(m): 9:13pm On Jun 13, 2018

eromosele1986:

Thx for the response, since 91 days is 10.2% and 364 days is 11.5% is it not better to do 91 days then renew it after its expires.

No, it's not sir. Quoted rates are per annum. The 10.2% is effectively 2.55% for 91 days ( 1/4 of 10.2%)

Re: Treasury Bills In Nigeria by awesomeJ(m): 9:15pm On Jun 13, 2018

freeman67:

Please forget all figures you see people brandish here.. Just concentrate on how to build yours. Stanbic IBTC, FBN, GTB and Sterling are banks that I know does allows 100k for TB investment. FBN lowest as much as I know is 100k. Good luck

There's nothing like starting now and growing your funds consistently.

5 Likes

Re: Treasury Bills In Nigeria by brandable: 10:47pm On Jun 13, 2018

datovid:

same here,zenith bank

Did your bank later debit you. Mine, FBN didn't.

Re: Treasury Bills In Nigeria by yanjutomi(m): 11:37pm On Jun 13, 2018

awesomeJ:

Not it's not sir. Quoted rates are per annum. The 10.2% is effectively 2.55% for 91 days ( 1/4 of 10.2%)

please explain better

Re: Treasury Bills In Nigeria by Nobody: 12:51am On Jun 14, 2018

yanjutomi:

please explain better

1 Like

Re: Treasury Bills In Nigeria by zamirikpo(m): 2:30am On Jun 14, 2018

brandable:

Did your bank later debit you. Mine, FBN didn't.

Debits from Wednesday's : auctions should commence tomorrow.

Guyz any news from stanbic , I hope 364 days was successful

1 Like

Re: Treasury Bills In Nigeria by Nnamz(m): 4:52am On Jun 14, 2018

Are you saying that you can buy 100k from the primary market, but minimum of 500k from the secondary market?

dejiotus:

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.

Re: Treasury Bills In Nigeria by Nnamz(m): 5:00am On Jun 14, 2018

Please who knows what the minimum for banks are? Most especially First Bank, Stanbic, GTB, and Zenith. Is there a differnet minimum on other days than the Wednesday of the bid?

Nnamz:
Are you saying that you can buy 100k from the primary market, but minimum of 500k from the secondary market?

Re: Treasury Bills In Nigeria by AmeLonRo(m): 5:02am On Jun 14, 2018

Other sure investment outside of treasury bills?

Re: Treasury Bills In Nigeria by Nobody: 6:37am On Jun 14, 2018

AmeLonRo:
Other sure investment outside of treasury bills?

Yes but there exist outside of this thread. This is for tbills faithfuls.

Re: Treasury Bills In Nigeria by Nobody: 7:40am On Jun 14, 2018

brandable:

Did your bank later debit you. Mine, FBN didn't.

They haven't...I heard debit is from today

1 Like

Re: Treasury Bills In Nigeria by yanjutomi(m): 8:27am On Jun 14, 2018

WhichKindWahala:
Ha

ha wat ?

Re: Treasury Bills In Nigeria by eromosele1986: 9:05am On Jun 14, 2018

GODAKPAN:

Yes but there exist outside of this thread. This is for tbills faithfuls.

Pls what are the other investment options aside tbill.

Re: Treasury Bills In Nigeria by Nobody: 9:08am On Jun 14, 2018

Got my matured capital today by 8am. Thanks FBN

Any idea of FBN or Zenith secondary rates today. Need to reinvest ASAP Thanks

Re: Treasury Bills In Nigeria by Nobody: 9:10am On Jun 14, 2018

eromosele1986:

Pls what are the other investment options aside tbill.

We have a million and one thread outside this one you are now, go back and read them through.

Re: Treasury Bills In Nigeria by Fxmanager(m): 10:13am On Jun 14, 2018

AmeLonRo:
Other sure investment outside of treasury bills?

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Re: Treasury Bills In Nigeria by Fxmanager(m): 10:19am On Jun 14, 2018

eromosele1986:

Pls what are the other investment options aside tbill.

Re: Treasury Bills In Nigeria by Nobody: 10:44am On Jun 14, 2018

hey guys,

My bank hasnt debited me for yesterdays tbils...is this normal?

Re: Treasury Bills In Nigeria by Tabbaz(m): 10:54am On Jun 14, 2018

freeman67:

No.. The charges have already been deducted from you interest. That 114k is what you will get.

Hi, so if I invest 105k for 290 days, I will cash out 114k leaving me with 9k profit. I'm I right sir?

Re: Treasury Bills In Nigeria by Apitch(m): 1:10pm On Jun 14, 2018

freeman67:

Please forget all figures you see people brandish here.. Just concentrate on how to build yours. Stanbic IBTC, FBN, GTB and Sterling are banks that I know does allows 100k for TB investment. FBN lowest as much as I know is 100k. Good luck

Thanks bro

Re: Treasury Bills In Nigeria by Timmi: 2:38pm On Jun 14, 2018

Park Your Money in Nigeria, a Haven Amid Emerging-Market Mayhem
By Paul Wallace
June 12, 2018, 7:05 AM EDT

Investors looking for a haven amid the rout in emerging markets over the past two months would have found one in Nigeria’s domestic debt.

Naira bonds issued by the government have returned 8.4 percent in dollar terms this year, the most in the Bloomberg Barclays Global EM Local Currency Index, which includes 25 countries from Argentina to Turkey. And it’s the only local-currency debt not to have made losses this quarter.

Robust
Nigeria's local bonds have outperformed peers since March

Source: Bloomberg Barclays Emerging Markets indexes

Note: Average total return for government local debt in dollar terms

Franklin Templeton Investments and BlackRock Inc. are among global money managers that are bullish on Nigerian securities, enticed by average yields of 13.4 percent, which, while down from almost 17 percent in August, are still among the highest in the world.

They’re also confident the OPEC member will be able to keep the naira stable, thanks in part to oil prices having climbed around 60 percent in the past year. The naira’s barely budged since a devaluation last year, and held its own as other emerging currencies began to tumble in April. The Abuja-based central bank is keen to keep it that way, at least until February’s elections.

2 Likes

Re: Treasury Bills In Nigeria by dipoolowoo: 5:15pm On Jun 14, 2018

CBN Rakes N181b from Treasury Bills Sale via Primary Market as Rates Rise
https://www.businesspost.ng/2018/06/14/cbn-rakes-n181b-from-treasury-bills-sale-via-primary-market-as-rates-rise/

Re: Treasury Bills In Nigeria by Nobody: 6:12pm On Jun 14, 2018

Note that transactions closes by 3pm on working days. Didn't know until I missed today's secondary market. Will have to wait till Tuesday, I pray the long holiday doesn't impact on this small money.

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