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Treasury Bills In Nigeria - Investment (588) - Nairaland

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Re: Treasury Bills In Nigeria by Akerewe(m): 2:14pm On Oct 10, 2018
Akerewe:
good day great investors in d house. stanbic ban has denied me primary market auctions twice now since last month by playing drama for nd calling me on phone to apologize all d time. I later went to Access bank for tb but I was told dey don't deal in primary market nd also their interest is paid at maturity. kindly share ur wealth of experience with me as regards tb with access bank secondary market.
god bless u all.
I later received a mail today from access bank telling me that their own primary market is available everyday nd d rares varies due to stock market stuff. kindly advice me on access bank tb.
Re: Treasury Bills In Nigeria by Akerewe(m): 2:15pm On Oct 10, 2018
Akerewe:
good day great investors in d house. stanbic ban has denied me primary market auctions twice now since last month by playing drama for nd calling me on phone to apologize all d time. I later went to Access bank for tb but I was told dey don't deal in primary market nd also their interest is paid at maturity. kindly share ur wealth of experience with me as regards tb with access bank secondary market.
god bless u all.

I later received a mail today from access bank telling me that their own primary market is available everyday nd d rares varies due to stock market stuff. kindly advice me on access bank tb.
Re: Treasury Bills In Nigeria by Akerewe(m): 2:16pm On Oct 10, 2018
I later received a mail today from access bank telling me that their own primary market is available everyday nd d rares varies due to stock market stuff. kindly advice me on access bank tb
Re: Treasury Bills In Nigeria by Akerewe(m): 2:20pm On Oct 10, 2018
Mfunkynation:
leave access bank,try fbn or gtb or stanbic
gtb sagamu bank told me secondary market is not available nd dey don't know anything about primary market.
stanbic has bn playing on my intelligence by refusing to capture my form over 2weeks now. first bank response on phone is totally different because d agent told me she doesn't kno wen secondary market wld b available.
Re: Treasury Bills In Nigeria by MssRose(f): 3:17pm On Oct 10, 2018
Akerewe:
gtb sagamu bank told me secondary market is not available nd dey don't know anything about primary market.
stanbic has bn playing on my intelligence by refusing to capture my form over 2weeks now. first bank response on phone is totally different because d agent told me she doesn't kno wen secondary market wld b available.
Empower yourself with wealth of information by reading the first few pages of this thread, then walk into the bank like a boss and give them instructions on what to do for you. if they feign ignorance, lecture them. by so doing they will know that you are not JJC and if they still insist threaten to call the head office and see how they will turn you to a mini god right away.

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Re: Treasury Bills In Nigeria by Ibrahim505(m): 3:53pm On Oct 10, 2018
Akerewe:
I later received a mail today from access bank telling me that their own primary market is available everyday nd d rares varies due to stock market stuff. kindly advice me on access bank tb.

I am into access bank tbills secondary
market. Interest is upfront, rates are the lowest. You can monitor the rates or even invest online through tbills.ng
Re: Treasury Bills In Nigeria by donshady(m): 4:36pm On Oct 10, 2018
jemypeters:


have you guys tried investment banks... they offer fairly better rates than the federal government... you get your interest upfront too.. the 5million my uncle did last week for 180days was done on 15.5% interest PA and he got his upfront same day.

I'm am satisfied with the federal Government.. Tills gives rest of mind.

2 Likes

Re: Treasury Bills In Nigeria by dipoolowoo: 5:56pm On Oct 10, 2018
Re: Treasury Bills In Nigeria by Akerewe(m): 7:05pm On Oct 10, 2018
Ibrahim505:


I am into access bank tbills secondary
market. Interest is upfront, rates are the lowest. You can monitor the rates or even invest online through tbills.ng
thanks a lot chairman, I got mail from access and diamond bank today nd what I discovered is that access bank rates are better off diamond bank (anybody can proof me wrong on dis). but my surprise is that access bank told me what they r offering is primary market nd its a daily stuff. hos tru is dis? is it possible to do primary market every day?

1 Like 1 Share

Re: Treasury Bills In Nigeria by gift01: 7:11pm On Oct 10, 2018
cheesy I laugh at daily Primary Market

2 Likes

Re: Treasury Bills In Nigeria by aremso(m): 7:19pm On Oct 10, 2018
All my ogas in the house pls what is the current rate?
Re: Treasury Bills In Nigeria by Nobody: 7:57pm On Oct 10, 2018
Akerewe:
gtb sagamu bank told me secondary market is not available nd dey don't know anything about primary market.
stanbic has bn playing on my intelligence by refusing to capture my form over 2weeks now. first bank response on phone is totally different because d agent told me she doesn't kno wen secondary market wld b available.
send a mail go stanbiccustomer care or call ur acct officer that u gave the instruction to. did mine this last week and it was swift
Re: Treasury Bills In Nigeria by Nobody: 7:57pm On Oct 10, 2018
Akerewe:
gtb sagamu bank told me secondary market is not available nd dey don't know anything about primary market.
stanbic has bn playing on my intelligence by refusing to capture my form over 2weeks now. first bank response on phone is totally different because d agent told me she doesn't kno wen secondary market wld b available.
send a mail to stanbic customer care or call ur account officer you gave the instruction to.. did primary market last week and it was swift
Re: Treasury Bills In Nigeria by confluence: 8:25pm On Oct 10, 2018
The information youprovided is valid, regarding some investment house, like investment one, which current rate on VGIF. Is currently 15.67%, I do it and I take, my interest at the end of the tenure, I have been running it for 3 straight years now,
Acidosis:
Sometimes it's good to remind ourselves that TBills isn't the only investment option out there, and the common deposit money banks (e.g. GTB, Stanbic, etc) aren't the only licensed and regulated investment-/banks in the country. There are several investment banks and over 500 microfinance banks offering similar services in Nigeria and some of them even give loans at better interest rates with no bottleneck.

As a matter of fact, TBills isn't even the core business of a deposit money bank like GTB or Stanbic Bank. It is the core duty of Investment centres such as ARM, Mansard, VFD, etc. Many big investors don't do deposit money banks as many of them don't have the time to fill forms in the conventional banks. They go to where they're well respected and given due and quality attention - and that's what many investment centres stand for. Do I need to mention that some of these investment centres pay their staff more than what staffs of conventional banks earn?

If we must criticize, at least let's do it with an open mind. The common belief here is that Stanbic offers the best TBill services; some even hold on to this belief to the extent they don't believe other deposit money banks offer similar or better services.

I was criticized on this thread sometime ago for mentioning my experience with Sterling bank. Today, the same Sterling bank came up with the i-Invest app while the likes of Stanbic and Firstbank are still in existence.

Re: Treasury Bills In Nigeria by Akerewe(m): 8:59pm On Oct 10, 2018
strategist007:
send a mail to stanbic customer care or call ur account officer you gave the instruction to.. did primary market last week and it was swift
what's d tenor u did nd at which branch cos I bid for 182days nd I got a call from their head office that all their 182 wasn't successful. my form was even return back to me wen I requested to see d form

1 Like

Re: Treasury Bills In Nigeria by Prechy08(m): 9:12pm On Oct 10, 2018
Akerewe:
I later received a mail today from access bank telling me that their own primary market is available everyday nd d rares varies due to stock market stuff. kindly advice me on access bank tb.
Can you give me a call tomorrow, i will provide options 08064134851
Re: Treasury Bills In Nigeria by Prechy08(m): 9:16pm On Oct 10, 2018
Akerewe:
what's d tenor u did nd at which branch cos I bid for 182days nd I got a call from their head office that all their 182 wasn't successful. my form was even return back to me wen I requested to see d form
give me a call we can afford you a better rate, 08064134851
Re: Treasury Bills In Nigeria by Prechy08(m): 9:18pm On Oct 10, 2018
Barrytone:
First Bank : 359 days for 12.8 days
very poor call 08064134851 if you are in Lagos Vist our head office, Better rate available
Re: Treasury Bills In Nigeria by Prechy08(m): 9:21pm On Oct 10, 2018
dejiotus:


Secondary market rates for Stanbic on 9 October 2018.
To mature on 3 Oct 2019; 359 days @ 12.75%.

To mature on 10 Jan 2019; 11.73% for 93 days
Can give you more than that, you might also want to visit us, if you are in Lagos, 08064134851
Re: Treasury Bills In Nigeria by Akerewe(m): 9:36pm On Oct 10, 2018
MssRose:

Empower yourself with wealth of information by reading the first few pages of this thread, then walk into the bank like a boss and give them instructions on what to do for you. if they feign ignorance, lecture them. by so doing they will know that you are not JJC and if they still insist threaten to call the head office and see how they will turn you to a mini god right away.
u cant understand what I went tru, if u see d way dey r begging me from their head office nd even from my branch on phone, u will pity dem but yet dey r playing game over my intelligence. I av a dept knowledge of tb nd I dnt think anything is hidden wen it comes to tb. av made up my mind, am leaving stanbic for good. out of all d banks I visited for tb in sagamu so far its only access bank that operates in open door police. I went to access bank today nd d officer in charge just login nd gv me d rates nd tenor. others r not friendly at all wen u mention tb. wot I don't get is access bank daily primary market
Re: Treasury Bills In Nigeria by Akerewe(m): 9:39pm On Oct 10, 2018
Ibrahim505:


I am into access bank tbills secondary
market. Interest is upfront, rates are the lowest. You can monitor the rates or even invest online through tbills.ng
can u pls share your experience with us on d rates on each tenor given to den so I can compare with d current one
Re: Treasury Bills In Nigeria by MssRose(f): 10:20pm On Oct 10, 2018
Akerewe:
u cant understand what I went tru, if u see d way dey r begging me from their head office nd even from my branch on phone, u will pity dem but yet dey r playing game over my intelligence. I av a dept knowledge of tb nd I dnt think anything is hidden wen it comes to tb. av made up my mind, am leaving stanbic for good. out of all d banks I visited for tb in sagamu so far its only access bank that operates in open door police. I went to access bank today nd d officer in charge just login nd gv me d rates nd tenor. others r not friendly at all wen u mention tb. wot I don't get is access bank daily primary market
That's really strange with stanbic cos they are among the top three when it comes to tb. well, just walk to the customer care department of access bank and request for the day's available rate as its dynamic and not static
Re: Treasury Bills In Nigeria by Grupo(m): 11:19pm On Oct 10, 2018
MssRose:

That's really strange with stanbic cos they are among the top three when it comes to tb. well, just walk to the customer care department of access bank and request for the day's available rate as its dynamic and not static

I think only banks in Lagos are knowledgeable about TB. If you are anywhere else in the country apart from Lagos, most of the bank reps behave like complete zombies when you mention TB

1 Like

Re: Treasury Bills In Nigeria by Nobody: 5:38am On Oct 11, 2018
Akerewe:
what's d tenor u did nd at which branch cos I bid for 182days nd I got a call from their head office that all their 182 wasn't successful. my form was even return back to me wen I requested to see d form
92 days , I did it thru my acct officer
Re: Treasury Bills In Nigeria by Mfunkynation(m): 7:30am On Oct 11, 2018
Prechy08:
very poor call 08064134851 if you are in Lagos Vist our head office, Better rate available
park your car well ooo

1 Like

Re: Treasury Bills In Nigeria by Just2endowed2(m): 8:39am On Oct 11, 2018
confluence:
The information youprovided is valid, regarding some investment house, like investment one, which current rate on VGIF. Is currently 15.67%, I do it and I take, my interest at the end of the tenure, I have been running it for 3 straight years now,

What's the minimum investment
Re: Treasury Bills In Nigeria by confluence: 8:41am On Oct 11, 2018
Google investment one, all information needed is on the website.
Just2endowed2:


What's the minimum investment
Re: Treasury Bills In Nigeria by dipoolowoo: 9:38am On Oct 11, 2018
Re: Treasury Bills In Nigeria by C505: 11:17am On Oct 11, 2018
Please when is the next auction date?

I wanted to buy into secondary market few days back. Lack of knowledge made me go around 2pm and I was told i will have to submit my bid latest 1pm of any day. Since then, the bank is always crowded and I feel i don't have that zeal to stay in a bank crowd for hours so I quit and told myself to wait for the next auction day.

Put me through please. Do I have to make my bid a day before the auction date and precisely before the same 1pm quoted by the bank?
Re: Treasury Bills In Nigeria by Mfunkynation(m): 11:33am On Oct 11, 2018
C505:
Please when is the next auction date?

I wanted to buy into secondary market few days back. Lack of knowledge made me go around 2pm and I was told i will have to submit my bid latest 1pm of any day. Since then, the bank is always crowded and I feel i don't have that zeal to stay in a bank crowd for hours so I quit and told myself to wait for the next auction day.

Put me through please. Do I have to make my bid a day before the auction date and precisely before the same 1pm quoted by the bank?
secondary market rate are always available from 10am n closes by 1pm mondays to fridays. Go to ur bank early for secondary market rate.

1 Like

Re: Treasury Bills In Nigeria by Moses247(m): 3:22pm On Oct 11, 2018
I just bought T.b of 1.1m at the secondary market for 357days at the rate of 12.8% with First Bank.....hope it's a Good deal
Re: Treasury Bills In Nigeria by freeman67: 3:42pm On Oct 11, 2018
Prechy08:

Can you give me a call tomorrow, i will provide options 08064134851

Hmmmm... You are asking people to call you as who, what and why should they?

3 Likes

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