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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4616845 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 Just2endowed2(m): 9:25am On Dec 12, 2018 |
what about in mutual fund? who know if stanbic IBTC mutual fund will be available for investment. |
Re: Treasury Bills In Nigeria by RealityShot: 10:13am On Dec 12, 2018 |
condomuser:that information is wrong! Secondary market is still open. i applied yesterday @ 13% first bank. am at the bank now to correct my form and invest. ALL MONEY MARKET FUNDS remain open. happy investing. P.S: I just got 13.4% for 316 days, yay! 2 Likes |
Re: Treasury Bills In Nigeria by CravingChic: 10:21am On Dec 12, 2018 |
RealityShot:wow... thanks for correcting the earlier wrong info. 2 Likes |
Re: Treasury Bills In Nigeria by adanny01(m): 10:54am On Dec 12, 2018 |
Nnamz: I read a lot of pages and skipped some but i got most of the answers without asking much. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:22am On Dec 12, 2018 |
RealityShot: Have u been debited and credited with the upfront interest because I want to go and shout inside stanbic this morng. They told me both primary and secondary where off till next year. 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 12:31pm On Dec 12, 2018 |
zamirikpo:Maybe is just stanbic. My account officer just told me I’ll be debited tomorrow |
Re: Treasury Bills In Nigeria by hotcake: 1:39pm On Dec 12, 2018 |
feelamong: awesomeJ: vacanci: ahiboilandgas: And from historic data we have the following: Average TB rate over the past 10 years is 11% (2008 @ 6%, 2010 @4%, 2012 @ 16%, etc.), Bond average @ 5% (Nigeria 5yr eurobond can fetch up to 7% while Brazilian eurobond 10% because they are considered high risk), Dollar rate 2008 was N120 (2010 @ 155, ......2018 @ 360). a) NTB: On N1000 investment made in 2008 at average of 11%, it will be worth N2800 today b) BOND: On N1000 investment made in 2008 i.e. 1000/120 = $8.33 invested in bonds at 5% it will be worth $13.57 today i.e. N4900 c) DOLLAR "from under the pillow" will be worth 8.33 x 360 = 3000 today So it appears there is little difference between NTB and dollar cash investment. The $ bond appears to be worth investing in but this assumes a future naira devaluation rate similar to the existing historical data. The reality may be better or worse. Only time can tell. In conclusion there could be a short term loss if one chooses the pure dollar path (path c) due to bank charges and black market rates. And one can only get good eurobond rates by investing in developing countries, which means only the devaluation risk is mitigated, the market/country risk remains essentially the same. NOTE: 1. Eurobonds can be purchaed through the likes of FBN Capital. To get a rate of up to 7%, one has to invest in the minimum of 5-year bond. There is a one-time management fee of 1.5% - which means any investment that is less than 2 years is not worth it. There will also be costs for converting naira to dollar since the transaction will not be eligible for conversion at the official market, so parallel market rate will be used. 2. NTB investment may be worthwhile in the short term if the naira doesn't lose more than 7% of its value per year. 7 Likes |
Re: Treasury Bills In Nigeria by faymouz(m): 2:48pm On Dec 12, 2018 |
sempe123: Guess TB is closed for the year, I advice you use CBN calender.. please what's the rate of UBA TB as of when you applied? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 4:49pm On Dec 12, 2018 |
Thanks to @realityshot I went to stanbic today and made sure I bought into the secondary market. The same idi_t that said no secondary market till next year gave me 14.25% for 330days. Xmas is now set..... Some of these bankers are either lazy or incompetent 2 Likes |
Re: Treasury Bills In Nigeria by donshady(m): 5:18pm On Dec 12, 2018 |
zamirikpo: 14.25% is a big one. I hope i will get that at firstbank... |
Re: Treasury Bills In Nigeria by Damolux01(m): 10:34pm On Dec 12, 2018 |
PraiseDLord:Thanks boss...was at the Bank on Monday to cause a scene. Later got my account credited that same day. |
Re: Treasury Bills In Nigeria by RealityShot: 6:07am On Dec 13, 2018 |
zamirikpo:you welcome, glad i could help.. btw... "lazy, incompetent" and i think criminal minded! either they want to force us to use fixed deposit or they (like at first bank) are very keen on selling to us at much lower rates than CBN rates! yesterday rates: CBN-15% FBN-13.4% crazy! am going to open IBTC account in Jan. Even though their branches are very far from my area. Thanks |
Re: Treasury Bills In Nigeria by donshady(m): 6:24am On Dec 13, 2018 |
RealityShot: I'm going to open one today today. The long awaited. I'm fed up with first bank giving lower rate 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 6:30am On Dec 13, 2018 |
donshady:please do ask them if there is any way to apply for tbills without visiting their office physically. thank you. |
Re: Treasury Bills In Nigeria by donshady(m): 6:32am On Dec 13, 2018 |
RealityShot:. Okay. I'll |
Re: Treasury Bills In Nigeria by Ikmontana1: 8:06am On Dec 13, 2018 |
zamirikpo:boss pls is it possible to compound upfront interest in d secondary market ? I.e I want to invest everytin, don't want to collect anytin, to enjoy d True yield. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:14am On Dec 13, 2018 |
Ikmontana1: I don't think So, cos the forms they have do not have any column for reinvesting interest. Though u could discuss with the customer care rep. Cos it's actually very easy. |
Re: Treasury Bills In Nigeria by donshady(m): 9:03am On Dec 13, 2018 |
RealityShot: Have you been debited plus have you received your upfront payment.?? One of my bills is due today and i haven't been credited yet. |
Re: Treasury Bills In Nigeria by RealityShot: 9:48am On Dec 13, 2018 |
donshady:..am still waiting for alert..i was told to come for cert today but i will go tomorrow. |
Re: Treasury Bills In Nigeria by INFOTECH2: 9:49am On Dec 13, 2018 |
Ikmontana1: Yes It is possible to do that. At least I do that at first bank |
Re: Treasury Bills In Nigeria by donshady(m): 10:15am On Dec 13, 2018 |
RealityShot: One of my bills matured today and I haven't received alert |
Re: Treasury Bills In Nigeria by RealityShot: 10:25am On Dec 13, 2018 |
donshady:just check your balance or wait till tomorrow. you know cbn has been mopping cash to pay you all your 550 billion that matures today... Lol |
Re: Treasury Bills In Nigeria by sempe123: 10:44am On Dec 13, 2018 |
faymouz:No,secondary market is always on.What they had was a branch issue which has been resolved.I got 14.75 for 358 days yesterday. |
Re: Treasury Bills In Nigeria by donshady(m): 10:47am On Dec 13, 2018 |
RealityShot: First bank says tbills for secondary market is not loading ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by zinaunreal(m): 11:52am On Dec 13, 2018 |
Re: Treasury Bills In Nigeria by donshady(m): 12:00pm On Dec 13, 2018 |
zinaunreal:Tired of them |
Re: Treasury Bills In Nigeria by faymouz(m): 12:11pm On Dec 13, 2018 |
sempe123: thanks man..I need to clearify something, can i have your number please |
Re: Treasury Bills In Nigeria by PraiseDLord: 12:58pm On Dec 13, 2018 |
zamirikpo:What is the bank charges and custody fee? 14.25% is quite high |
Re: Treasury Bills In Nigeria by dejiotus: 1:19pm On Dec 13, 2018 |
Indigbo: It is possible to lose some of your capital o, depending on the interest rate the bank buy back the TB investment. Like I said before, make effort to contact your bank and ask for the likely interest rate to buy back the TB investment from you. Make sure you also ask if there is any penalty o. I learnt Union bank charges around 20% of the interest as a penalty for early liquidation. Good luck with your endeavour. |
Re: Treasury Bills In Nigeria by PraiseDLord: 1:21pm On Dec 13, 2018 |
Let's compare rates and see which Bank has the highest T.bills rate. Quote your bank tenor and corresponding rate below |
Re: Treasury Bills In Nigeria by Happyfellow147: 1:55pm On Dec 13, 2018 |
Me too Even now, I'm yet to be credited donshady: |
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