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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625000 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 CompareDBest: 1:24pm On Feb 05, 2019 |
mikylon:This is NOT financial advise, but something to consider. From our research: Amount MMF allows lower minimums, typically from N5k, TBills typically from N100k, although UBA advises it accepts from N10k primary market we have never tested this. Flexibility MMF typically have a minimum holding period of 30days after which you can treat it as a savings account effectively, but each provider has its notice period for withdrawals, none more than 7days we believe TBills can have stiff penalties or loss of some of your capital depending on the rediscounted rate and early termination date. However, sometimes, no penalties and the rediscounting rate is less than the rate you originally got. So, you can profit Deductions MMF usually has no charges if you stick to the holding period, typically 30 days TBills primary 91, 182 & 364days TBills secondary 7 - 364days Rates >MMF typically beats even the true yield of 91 day Treasury Bill rates; check daily MMF rates @ https://fman.com.ng/mutual-fund-price-list/, and also see reports from individual providers such as Ecobanks MMF @ https://www.ecobank.com/corporate-investment-banking/wsa-management/collective-investment-schemes. >182, even better, 364 day TBill rates typically trump MMF. See https://www.cbn.gov.ng/rates/govtsecurities.asp for 30 Jan's auction and other historic TBill primary market auction rates >MMF rates as advertised/published are regularly disputed by those with MMF accounts; see https://www.nairaland.com/1912965/mutual-funds/138. It seems checking your daily balance comes with the territory, and customer service is not necessarily as well staffed. With TBills you get your interest upfront and simply diarise the maturity to ensure your capital is recredited as it usually is. So, TBills typically gives less stress Summary Simply put, if you have less than N100k, but at least N5K...OR want to invest any amount for less than 182 days, strongly consider MMF. However, if you are a control freak, or have OCD like some of us and want to know the exact rate you will earn...OR do not want to be login in to check if your money tree is growing every day/week...want to earn interest upfront...or prefer tenures 182 days or more, TBills might be your preference. Also consider, using the strengths of both as a strategy; i.e., replacing your savings account with MMF (require some planning because of notice required for withdrawals) and TBills for midterm investment...one day even FGNBonds for longterm if the rates get more distinct/higher than 364day tbills. 14 Likes 1 Share |
Re: Treasury Bills In Nigeria by CompareDBest: 1:33pm On Feb 05, 2019 |
Plus10:Wednesday, 13th February. Get your request in preferably by Monday 11th. 4 Likes |
Re: Treasury Bills In Nigeria by CompareDBest: 1:59pm On Feb 05, 2019 |
UNIXLover:There are 2 ways primary market and secondary. See comparison of the 2 here: https://www.nairaland.com/878880/treasury-bills-nigeria/679#75118802. The latest rates we have seen, GTBank has offered more than Access. But, this moves daily. If you decide on secondary market, ask your account officers or a local branch for rates for a duration that suits your needs. Please always share with us here You cannot know primary rates beforehand. However, in last Wednesday's auction, successful bank bids were 10.85-11% for 91 days, 12.85-13.5% for 182 days and 14.3-15% for 364 days. This can be a good indication of rates in the next 13th February primary auction. Note this thread currently believes rates are in decline, so it expects rates to fall in the near future. 4 Likes |
Re: Treasury Bills In Nigeria by Nnamz(m): 2:04pm On Feb 05, 2019 |
zamirikpo: Tell. Them. Sir. 1 Like |
Re: Treasury Bills In Nigeria by Plus10(m): 3:09pm On Feb 05, 2019 |
CompareDBest:Thanks |
Re: Treasury Bills In Nigeria by billtommy(m): 3:16pm On Feb 05, 2019 |
can somebody help with firstbank and stanbic secondary rates for today ![]() |
Re: Treasury Bills In Nigeria by Nnamz(m): 3:40pm On Feb 05, 2019 |
Here's what I propose: onwards, when someone asks a question that has been discussed here several times, we should just ignore them; don't even tell them to read previous pages. Person wey serious to invest em money no go wait for anyone to tell am to read previous pages to educate themselves on how to use their hard earned Naira. Thanks. 5 Likes |
Re: Treasury Bills In Nigeria by eagleeye2: 3:51pm On Feb 05, 2019 |
Nnamz: ![]() Pointing them to right direction (previous pages) is not that bad. IMO 12 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nnamz(m): 4:22pm On Feb 05, 2019 |
eagleeye2: When I first heard about tbills, I didn't come here asking stupid questions. I first of all researched about it, then found this thread and read extensively on it; I am talking of months of reading up on tbills befor making my first investment. So while the adage is right that person wey ask questions no go miss road, let those questions not be "what's the difference between primary and secondary market". I wanna blow my brains out when I see such questions, and I wouldn't be surprised at the number of people that have left this thread cause of such questions. Soon, I'm gonna join the que and leave this thread cause of such repetitions here. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by NL1960: 4:44pm On Feb 05, 2019 |
Nnamz: This is the most annoying question i have seen on this thread. I just wonder if the person asking such a question ever went to school. To think we are in the information technology age with google for searches. Even Nairaland has a search facility. I always also wonder if the person is asking such a question from an internet enabled phone. It seems some people just think that an internet enabled phone is only used for chatting and doing facebook. People do not even need to read from page 1. Just reading current discussion and observing the current flow of discussion can give you an idea of what to search for. For instance, if somebody ask 'please who know the current secondary market rate of bank XYZ'. The new comer reading can easily go and google 'secondary market rate' from where he/she will get what is a secondary market instead of asking 'what is secondary market'. 3 Likes |
Re: Treasury Bills In Nigeria by dyonpoint: 7:54pm On Feb 05, 2019 |
Please my TBills with Stanbic expires on 30th January 2019, up till this minutes, I have not receive alert from them. Please How long does it take for them to credit? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:04pm On Feb 05, 2019 |
dyonpoint:really ...check u accounts |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:09pm On Feb 05, 2019 |
Update on Gt nonsense.....after my complains they refer back to account officer...called the idiot he say it was a mistake he wanted to type 364 but input 91 in the soft ware....not understand what this explanation means since I wrote a letter taught they scan the letter to upload ....the branch manager called and mail that they are sorry ....hmm what the solution I should wait 90 day what da f....uccck u i was suppose to get 1.8 now idiots 300 k ....may be need to mail the ceo or hq |
Re: Treasury Bills In Nigeria by dyonpoint: 8:13pm On Feb 05, 2019 |
ahiboilandgas: I have checked like 1 million times. |
Re: Treasury Bills In Nigeria by mymadam(m): 9:26pm On Feb 05, 2019 |
dyonpoint: Within 24 hrs, from experience. |
Re: Treasury Bills In Nigeria by Nobody: 9:31pm On Feb 05, 2019 |
dyonpoint:report to the bank immediately |
Re: Treasury Bills In Nigeria by zamirikpo(m): 9:38pm On Feb 05, 2019 |
dyonpoint: U must have the wrong date or something is wrong somewhere, usually the money drops on the due date. Was it primary or secondary, what tenure, what bank,...expantiate |
Re: Treasury Bills In Nigeria by dyonpoint: 11:08pm On Feb 05, 2019 |
It's primary. I will in the bank first thing tomorrow. |
Re: Treasury Bills In Nigeria by dipoolowoo: 12:23am On Feb 06, 2019 |
CBN OMO Sale Oversubscribed by 153% as Yields Jump to 14.04% https://businesspost.ng/2019/02/06/cbn-omo-sale-oversubscribed-by-153-as-yields-jump-to-14-04/ |
Re: Treasury Bills In Nigeria by Happyfellow147: 9:33am On Feb 06, 2019 |
Please someone should educate us on this safe keeping fee thing. teeielts360: |
Re: Treasury Bills In Nigeria by CompareDBest: 10:49am On Feb 06, 2019 |
Happyfellow147:We believe Stanbic calls it a different name from other banks; it is aka Custody or Custodian fees. It is charged on your full capital aka face/maturity/nominal value. By our calculation Stanbic & Union charge one of the lowest; likely 0.05% + 5% VAT. If FCMB figure 0.015% checks out, then it will be the lowest we know of. The biggest we have seen is Access Banks tbills.ng/Keystone/Unity custodian fee of 0.35%. Some useful reads: > https://www.nairaland.com/878880/treasury-bills-nigeria/232#50858427 > https://www.cbn.gov.ng/out/2014/bsd/transfer%20of%20all%20non-proprietary%20assets%20to%20licensed%20custodians.pdf > Buying directly from the banks affiliated with approved custodians will probably give you lowest deduction: https://www.cbn.gov.ng/out/2014/bpsd/licensed%20custodians.pdf > If you are PhD type: https://www.cbn.gov.ng/OUT/CIRCULARS/BOD/2009/GUIDELINES%20FOR%20CUSTODIANSHIP%20IN%20MONEY%20MARKET%20AND%20OTHER%20FIX%E2%80%A6.PDF. Excerpt: Remuneration - The Custodian shall be entitled to charge: a. custody fee of not more than 0.35 per cent per annum charged monthly; b. transaction cost of N500.00 per transaction; c. In addition, a custodian may share revenue with a non-custodian bank that appointed it as a custodian up to 20 per cent of the revenue earned on the business. 2 Likes |
Re: Treasury Bills In Nigeria by drotba(m): 12:29pm On Feb 06, 2019 |
Rates today @ Stanbic 14.2 for 337 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by purityval(m): 3:04pm On Feb 06, 2019 |
Good day guys, please is anyone dealing with FCMB here? Those guys really look unserious to me. Just spent 20mins with a customer care personnel that is more interested in telling me about FD than Tbills which I asked her. And to think that she opened her mouth to tell me that I don’t know what i’m Missing by not doing FD is st**pidly annoying. Please anyone with the bank here to help me clarify some issues? 1 Like |
Re: Treasury Bills In Nigeria by Nogodye(m): 3:55pm On Feb 06, 2019 |
purityval:Bro it been a while. Hope you're good? When will you be back here with your writing skill? |
Re: Treasury Bills In Nigeria by dammy222(f): 4:26pm On Feb 06, 2019 |
purityval: Lol... Most banks will gladly tell you about fixed deposit than Tbills. Na their way |
Re: Treasury Bills In Nigeria by feelamong(m): 4:54pm On Feb 06, 2019 |
drotba: Nice!! |
Re: Treasury Bills In Nigeria by Finfree18: 5:37pm On Feb 06, 2019 |
Which Money Market Fund would this honorable house recommend... FBN, ARM, Stanbic or..... Going by today's report on the Fund Managers Association of Nigeria, it seems FBN offers the highest yield CompareDBest: |
Re: Treasury Bills In Nigeria by alezzy13: 7:06pm On Feb 06, 2019 |
Finfree18: There's a money market thread here in the investment section. There you have gurus as well as fellow investors sharing ideas. . .I suggest you check it, you'll get d best advice there. 4 Likes |
Re: Treasury Bills In Nigeria by obashiakpu(m): 7:41pm On Feb 06, 2019 |
CompareDBest:. Thanks for taking your time to explain. |
Re: Treasury Bills In Nigeria by Poanan: 12:02am On Feb 07, 2019 |
purityval: Good there ask them to show you the dept in charge if treasury bill. The actually tell you that nonsense but insist you don't want fd. Their rates are not bad for the ones I have done, they are about the same range with firstbank. |
Re: Treasury Bills In Nigeria by dipoolowoo: 7:13am On Feb 07, 2019 |
CBN Mops up N66b as Yields Increase to 14.12% https://businesspost.ng/2019/02/07/cbn-mops-up-n66b-as-yields-increase-to-14-12/ |
Re: Treasury Bills In Nigeria by unite4real: 8:58am On Feb 07, 2019 |
dyonpoint: can you update us on this? 1 Like |
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