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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 chukzyfcbb: 11:33pm On Mar 10, 2019 |
To those who are always after the next big thing, the next big %, reports circulating the financial platform has it that Bond issued by the Visionscape guys has just defaulted in its coupon payment. What surprised me, was that this bond was rated A+ by Agusto and co. So it means all this credit rating agencies are just busy dashing marks without due diligence. 4bn put into this bond is temporarily hanging, this is just to warn those who are always after the next big thing, always chasing the next big rates. Despite the bond backed by Lagos state Govt Despite the awesome rating by a supposed credible rating agency, they still DEFAULTED!!! Abeg continue your Tbills o, FG cannot default, atleast not in this life 7 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 8:02am On Mar 11, 2019 |
Aren't you all worried about the fact that Nigeria spent 38 billion USD last year defending the naira? And our current FX reserve is 43 USD billion? Do you all think this is sustainable? 1 Like |
Re: Treasury Bills In Nigeria by bisiswag(f): 8:20am On Mar 11, 2019 |
chukzyfcbb:Pls can u drop the link to the thread here. Thanks |
Re: Treasury Bills In Nigeria by feelamong(m): 10:35am On Mar 11, 2019 |
Nigeria’s FX market is at its most liquid in 4yrs …As foreign investors flood into bond market after Buhari victory…I & E window trades climb 120% to $4bn in one week https://businessday.ng/exclusives/article/nigerias-fx-market-is-at-its-most-liquid-in-4yrs/ |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:50am On Mar 11, 2019 |
feelamong: What does this mean though? In a nutshell? |
Re: Treasury Bills In Nigeria by feelamong(m): 12:49pm On Mar 11, 2019 |
GonFreecss1: The Bonds and Money market is bullish.....expect lower stop rates in Tbills |
Re: Treasury Bills In Nigeria by manlikegb: 12:50pm On Mar 11, 2019 |
chukzyfcbb: Hmm, so is SUKUK bond safe? |
Re: Treasury Bills In Nigeria by GonFreecss1: 1:00pm On Mar 11, 2019 |
feelamong: Interesting. Thanks. |
Re: Treasury Bills In Nigeria by bisiswag(f): 2:24pm On Mar 11, 2019 |
@feelamong and other gurus in d house pls kindly torchlight on my matter. Got tbills,secondary market at gtb for 12.25% 4 364 days. However I didnt quite get d charges,almost 9k was deducted from my interest which was paid upfront. N my account officer,i just did not understand his explanation for d charges. |
Re: Treasury Bills In Nigeria by dipoolowoo: 3:21pm On Mar 11, 2019 |
CBN May Lower Rate at N89.50bn T-Bills Sale https://businesspost.ng/2019/03/11/cbn-may-lower-rate-at-n89-50bn-t-bills-sale/ |
Re: Treasury Bills In Nigeria by CompareDBest: 3:27pm On Mar 11, 2019 |
bisiswag:Can we ask if you invested an amount in the region of =N=8.5million? When we last asked, GTB deducts 0.1% of the face value/whole amount and =N=300 flat upfront. A charge of almost 9k makes sense if you invested 8.3-8.7million. |
Re: Treasury Bills In Nigeria by bisiswag(f): 3:46pm On Mar 11, 2019 |
CompareDBest:Owk. Sth in that range. Thanks so much. |
Re: Treasury Bills In Nigeria by dipoolowoo: 3:14am On Mar 12, 2019 |
T-Bills Yields Hit 13.37% Amidst Buoyant Liquidity https://businesspost.ng/2019/03/12/t-bills-yields-hit-13-37-amidst-buoyant-liquidity/ |
Re: Treasury Bills In Nigeria by vacanci: 5:22am On Mar 12, 2019 |
Blanc8: You have misleading comments here please. First Treasury bills is not as low as 500k but 100k. This is important to not scare small investors. Secondly, TB irate s not always below MPR as you stated. We have bought Treasury bills at 18 to 19% in this era of 14% MPR. Even just last month, I have bought at 14.95% so what you saying? |
Re: Treasury Bills In Nigeria by carik(m): 6:59am On Mar 12, 2019 |
Please can someone clarify these message my account officer keeps telling me anytime i request for tenor and rates. Dear sir, We do not know the rate until after the bid Thank you They have never for once 'known', are they trying to discourage me. I make this request every Monday but they have never for once given me a date to apply, even though i see rates posted on here. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:06am On Mar 12, 2019 |
carik:I think they are referring to primary market. If you tell them you want secondary market rate, they'll give it to you. 1 Like |
Re: Treasury Bills In Nigeria by carik(m): 7:31am On Mar 12, 2019 |
All right. But what's the difference between the two rates. Thanks |
Re: Treasury Bills In Nigeria by GonFreecss1: 7:35am On Mar 12, 2019 |
dipoolowoo: I am so happy this rate keeps dropping. Very happy. |
Re: Treasury Bills In Nigeria by aremso(m): 7:41am On Mar 12, 2019 |
1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 9:17am On Mar 12, 2019 |
aremso: 1. There is only so much debt the country can keep accumulating due to rates as high as 17%. 2. Now, the stock market will have a chance to grow. 3. People might actually be incentivized to start a business, and employ people. If I had 10 billion naira. What do you think I will do? Buy Tbills at 17% ? Invest in the stock market? Or create businesses? We all know the answer to that. I know a friend who has talked to some private businesses and their earnings is not doing better than Tbill rates. 2 Likes |
Re: Treasury Bills In Nigeria by Haypril07(m): 9:51am On Mar 12, 2019 |
GonFreecss1:Please kindly suggest any mutual fund |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:31am On Mar 12, 2019 |
Haypril07: Stanbic IBtc money market fund Fbn quest money market fund Contact Stanbic or FBN quest. Anyone you desire. |
Re: Treasury Bills In Nigeria by feelamong(m): 10:51am On Mar 12, 2019 |
CompareDBest: Also add the custody charges for holding the Tbills for you |
Re: Treasury Bills In Nigeria by brane: 1:05pm On Mar 12, 2019 |
Any primary market auction this week? |
Re: Treasury Bills In Nigeria by bozz007(m): 1:16pm On Mar 12, 2019 |
brane: Yes, tomorrow |
Re: Treasury Bills In Nigeria by Rijo02: 3:26pm On Mar 12, 2019 |
dipoolowoo: I just read the link that was posted and it was referring to the secondary market transaction closure rate. Although everyone is expecting the rate to drop by tomorrow, but the extent is unknown to the auction is completed! Lets hope for the best!!!! |
Re: Treasury Bills In Nigeria by unite4real: 4:01pm On Mar 12, 2019 |
chukzyfcbb: The Visionscape bond has the following defects 1. It is not a green Bond. Not backed by FGN 2. At 15.75%, it's not the next big thing 3. It was a private placement and not sold to the public so you will hardly find people like us here investing in it 4. Since it was a private bond, there is very little the SEC can do about it since the general public was not involved 5. It was only offered to qualified investors by private placement. The guys in the club nurse their problems 6. because it was private placement, the transaction was therefore not subject to the prior review and approval of the commission and does not fall within it's regulatory review 7. The contract of Visionscape was revoked by the Lagos assembly and given to PSP operators without sympathy from Lagosians. Remember this is one of the reasons Ambode fell out with political gladiators in Lagos State. 8. The bond did not get the backing of the Lagos assembly and was not gazetted into law to transcend leadership changes, so investors will wait for the next government of Lagos to help them out NOTE this cannot happen to a federal government bond, savings bonds or the SUKUK or Treasury bills. These have the backing and full faith of the federal government of Nigeria. These also transcend leadership changes at the top. @manlikeegb I hope this answers your question too. 7 Likes |
Re: Treasury Bills In Nigeria by PraiseDLord: 5:20pm On Mar 12, 2019 |
feelamong:How much was charged as custody fee? |
Re: Treasury Bills In Nigeria by brane: 5:25pm On Mar 12, 2019 |
bozz007: Thanks |
Re: Treasury Bills In Nigeria by chukzyfcbb: 9:55pm On Mar 12, 2019 |
unite4real:well detailed bro 2 Likes |
Re: Treasury Bills In Nigeria by CompareDBest: 12:21am On Mar 13, 2019 |
feelamong:Thanks Oga FeelAmong...We should have clarified the 0.1% of face value was the GTBank Custody charge. |
Re: Treasury Bills In Nigeria by dipoolowoo: 9:23am On Mar 13, 2019 |
One-Month T-Bills Yields Shed 1.79% to Settle at 8.66% https://businesspost.ng/2019/03/13/one-month-t-bills-yields-shed-1-79-to-settle-at-8-66/ |
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