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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608431 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 Phyde: 2:25pm On Sep 10, 2018 |
NL1960:Which of the branch sir? Festac branch is frustrating. |
Re: Treasury Bills In Nigeria by Nnamz(m): 2:52pm On Sep 10, 2018 |
tolajay: People probably skipped your question because of the complex Mathematics involved in it, but I took the pleasure in solving it for you. And I've got the answer for you brother Go for the 101 days. It is a very good offer. And I'll explain why here. Will try to make sure it isn't confusing. Assuming you wanted to invest 1,000,000 Naira. Say you invested it for 364 days at 11%. You would get an interest of 110,000 Naira, right? Okay. Now when you you invest this 1,000,000 Naira at 10.80% for 101 days, you are getting 29,967 Naira (please I hope you know how I got this, else please read previous pages ![]() I doubt if this would make sense to anyone, but I would really appreciate it if you could like this if it made sense to you. Would just like to know I got across to at least one person haha 16 Likes |
Re: Treasury Bills In Nigeria by NL1960: 3:34pm On Sep 10, 2018 |
Phyde: My branch is Yinka Folawiyo plaza branch , Warehouse road, Apapa. The secondary market tenor available was not attractive. I have been monitoring the available secondary market tenors since last week with the mind that if i get 300+, i pick it otherwise i wait for primary market. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by NL1960: 3:44pm On Sep 10, 2018 |
Nnamz: What is the probability of getting another 10.8% for 101 days after the maturity of the first 101 days or subsequent 101 days and what is also the probability of getting it immediately without a loss of any day?. Just multiplying by 3.6(364/101) is too theoretical in my opinion. 5 Likes |
Re: Treasury Bills In Nigeria by Ikmontana1: 5:15pm On Sep 10, 2018 |
NL1960:na wa o.. see question .. is these an examination question ? 2 Likes |
Re: Treasury Bills In Nigeria by CravingChic: 5:26pm On Sep 10, 2018 |
GetPosted: It's this week, I was told at first bank that today was the deadline for form submission. |
Re: Treasury Bills In Nigeria by Adegokenath(m): 6:01pm On Sep 10, 2018 |
NL1960:pls @ what % rate? |
Re: Treasury Bills In Nigeria by Grupo(m): 6:13pm On Sep 10, 2018 |
Rant! Rant!! Rant!!! It seems that outside Lagos, bank branches in other states do not know anything about TB. I was in a branch of gtbank somewhere in the east early this morning to enquire about TB. The customer care guy was just too clueless. In fact, I was the one that seemed to be schooling him. After sometime, he gave me his number, and asked me to call him around 2pm. I left, called the guy around past two and he was saying they haven't gotten mail from HQ. Lol. I finished what I was doing and headed to stanbic. Even though I don't have an account there, the CS guy was far more knowledgeable. In fact, we were chatting like old friends. I have never met a more friendly, polite bank customer care representative. He even showed me the rates on his system. 11.something percent for 91 days. 12.something percent for 181 days and 13.something for 364. Because of the guy, I had to open an account with stanbic. Although I'm yet to receive my account number because it was already past 5pm when we concluded. So, it is likely I have missed this primary market. I'm going to wait for the next primary market. 2 Likes |
Re: Treasury Bills In Nigeria by Bobbyshafto: 6:18pm On Sep 10, 2018 |
Can you guys believe I went to one UBA branch in the Southwestern part of Nigeria. I submitted my TBs application since Monday, 27th August 2018, but I have not been debited? When I went back to the bank to lodge my complaints, the guy in-charge said, "THERE WAS NO BID". This is (now) the 3rd week since I've submitted my application at UBA; what is wrong with that bank?! |
Re: Treasury Bills In Nigeria by Jejebabaa: 6:50pm On Sep 10, 2018 |
Grupo: Boss, For GTBank Tbills in primary market bid, you do not have to go to the bank at all. Everything can be done from the comfort of your room as i have been doing for years. when you login to your internet banking, you will see the details of your relationship manager. Send them a mail not later than Monday of the primary auction week to bid you for the next treasury bills and it will be done.Your account will be debitted for the same amount and tenors on Thursday and the details of your treasury bills auction will appear at the bottom when you login to your internet banking. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by Grupo(m): 6:52pm On Sep 10, 2018 |
Jejebabaa: Wow. You don't mean it? I'm going to start doing that. Please, can I do this with the mobile app or what's their website address? |
Re: Treasury Bills In Nigeria by Jejebabaa: 7:26pm On Sep 10, 2018 |
Grupo: I usually do this via my laptop using the following address https://ibank.gtbank.com/ibank3/main.aspx You can give it a try on the mobile app too if it will work. All the best. |
Re: Treasury Bills In Nigeria by Grupo(m): 8:33pm On Sep 10, 2018 |
Jejebabaa: Thanks boss. This was helpful. My last request. Could you help me with the the template of the email you send your acc manager? Or just a general sketch. Please, don't call me a lazy youth. Thanks. |
Re: Treasury Bills In Nigeria by Jejebabaa: 11:11pm On Sep 10, 2018 |
Grupo: Dear Sir/Ma, Please, I will like to buy treasury bills via Primary market for a period of 91 days at the Wednesday, August 29, 2018 Primary Auction using the GTB bank best rates for the sum of xxxxxx NGN via my account xxxxxxxxxx. Kindly use the attached written letter as a mandate of instruction. Regards, 7 Likes 3 Shares |
Re: Treasury Bills In Nigeria by Jejebabaa: 11:14pm On Sep 10, 2018 |
Jejebabaa: The attached letter will repeat the email and your signature just to confirm that the signature matches the one in your account. |
Re: Treasury Bills In Nigeria by Grupo(m): 11:21pm On Sep 10, 2018 |
Jejebabaa: Thanks so much for this, sir. I appreciate. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by C505: 4:11am On Sep 11, 2018 |
chloride6: Bro please can you explain more because I never did TB. I've always invested in MMF. But all the loud noises of TB that drowns the voice of MMF investors makes it look as though TB compared to MMF is like the difference between Bsc and HND. Based on my research, both are six of one and half a dozen of the other From your angle, just point the flashlight and let me see what you're seeing. 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 8:04am On Sep 11, 2018 |
C505:TB is King anyday,anytime..!! How can one compare TB to MMF .? What a joke.. In TB,you get your interest UPFRONT while in MMF your interest is compounded daily.....Don't be deceived by the higher interest rate because if we apply the time value of money,MMF will be boxed down the ring utterly.. Remember in TB you sleep with your two eyes closed once you are credited with the UPFRONT INTEREST, while in MMF you have to be monitoring your investment daily.......My brother,"Peace of mind" should come first. Also,MMF have more bank charges compared to TB. MMF is just an attached investment.. Fund managers,....lol........I agree they are experts to a reasonable extent...but don't be surprised that some Fund Mangers don't even do MMF but TB. Even the best investors in MMF have their "Main funds" in T.B...ask them well,and they will tell you. You can just use your attached interest and invest it in MMF... MMF is in the same league with "Fixed Deposit" but a better upgrade.....but never compare it to T.B. 3 Likes |
Re: Treasury Bills In Nigeria by irookie(m): 8:34am On Sep 11, 2018 |
Gavrelino123: Quite Right, But both TB and MMF are kings anytime any day. The basic is to know what your appetites are, we don't all want to put our eggs in one basket, neither want to be cash strapped. If you are sure you wont need your cash in 3, 6 or 12 months, you can go for TB (yes you can sell in secondary market anytime, but if you have attempted to do that you will know that the rates are not juicy at all). If you are the type that have the probability of needing emergency cash, then go for MMF. I do both TB and MMF (in calculated proportions) and I'm having rest of mind....not until I decided to stake in high risk MMF ![]() |
Re: Treasury Bills In Nigeria by dipoolowoo: 9:48am On Sep 11, 2018 |
T-Bills Market Bearish Amidst Significant Buoyant Liquidity https://www.businesspost.ng/2018/09/11/t-bills-market-bearish-amidst-significant-buoyant-liquidity/ 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 10:44am On Sep 11, 2018 |
Adegokenath: I have completed the form for the next primary market bid which is tomorrow, Wednesday, 12, 2018. Primary market rates are not known until after the bid. I was shown the rate for the last primary bid which was 13.something. |
Re: Treasury Bills In Nigeria by NL1960: 10:50am On Sep 11, 2018 |
C505: I will say that if your money is small and comes in trickles, you should go for MMF and then build a reasonable amount there after which you move such to TB. TB is sweet when the money is not small. 1 Like |
Re: Treasury Bills In Nigeria by Kemade2007(f): 10:52am On Sep 11, 2018 |
Donbrig: Most women don't have time to research because of house work and children palava but men always look for different ways to minimize their expenditure and maximize their revenue through investment because of the family expenses. So men will look at different investment that can bring more returns for him. Lack of knowledge about investments affect so many people alot even men. Not everybody that passed through University knows about how to invest, it's a matter of research. Like me, I'm a young woman and I learnt about TB here when researching. I started investing in TB 2016 and I introduced it to my husband and some of my friends and they all embraced it. So not that we women like buying and selling business o 7 Likes |
Re: Treasury Bills In Nigeria by Adegokenath(m): 12:28pm On Sep 11, 2018 |
Pls house which one is MMF |
Re: Treasury Bills In Nigeria by Phyde: 12:54pm On Sep 11, 2018 |
TB experts, please is it late submitting form today at Stanbic for tomorrow bidding ? |
Re: Treasury Bills In Nigeria by tolajay: 4:13pm On Sep 11, 2018 |
Thanks for the thought. I did all these background analysis myself, however, I just felt the interest rate could be really really higher. Thanks all the same. Nnamz: |
Re: Treasury Bills In Nigeria by creamylicious(f): 5:47pm On Sep 11, 2018 |
Which one is mmf again ooooo? People like us that can use 12 months to raise only 180k with hunger, e be like say respite don dey. Edakun, what's mmf? Maybe that would be a stepping stone to bigger things because na million million people full this TB thread since I joined |
Re: Treasury Bills In Nigeria by freeman67: 6:57pm On Sep 11, 2018 |
creamylicious: Here is a link to the thread created for it. https://www.nairaland.com/1912965/mutual-funds/1 |
Re: Treasury Bills In Nigeria by Bobbyshafto: 7:15pm On Sep 11, 2018 |
I beg experts in the house, I went to UBA today to ask them why my application for TBills was not processed after over 2 weeks (I submitted 27th August). I was told, 'They have a problem' which cannot allow them to bid in the pry market for me; whereas the pry market is open this week. So my question is, I am considering switching to Stanbic IBTC, and I wish to use the bank bid rate at pry market. Does anyone experience a seamless transaction with Stanbic IBTC? Or is it the same bad story? freeman67: |
Re: Treasury Bills In Nigeria by pxjosh(m): 7:50pm On Sep 11, 2018 |
Got 11.5% today for 128days tenor. First Bank, just 250k |
Re: Treasury Bills In Nigeria by aremso(m): 8:44pm On Sep 11, 2018 |
KpagoGIN: Amin oooo 1 Like |
Re: Treasury Bills In Nigeria by aremso(m): 8:48pm On Sep 11, 2018 |
Kemade2007: Proud of u my oga madam 1 Like |
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