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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 Zinny18: 10:22am On Mar 13, 2019 |
My people how market? Who knows today's primary auction rates for the 3 tenures? |
Re: Treasury Bills In Nigeria by TotoNaRubber: 10:29am On Mar 13, 2019 |
By afternoon rates will come. Zinny18: |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 10:50am On Mar 13, 2019 |
I believe rate will go up giving that government will want to borrow more 2 Likes |
Re: Treasury Bills In Nigeria by Zinny18: 12:09pm On Mar 13, 2019 |
Re: Treasury Bills In Nigeria by manlikegb: 12:28pm On Mar 13, 2019 |
unite4real: Thanks sir. SUKUK is scarce though. People are not selling according to my own broker. I even called TRW stockbrokers Ltd. They only have about 2m-3m of the bond left for sale. Then, the penalty that comes with not holding the bond to maturity sound extreme. Really can't remember how he explained it. So I don't think its an option for me right now. |
Re: Treasury Bills In Nigeria by manlikegb: 1:00pm On Mar 13, 2019 |
Just2endowed2: Lucky you. For someone like me, I couldn't lock in at the time because my last TB investment will just mature tomorrow March 14th. Now here's the dilemma, as of right now, I can still contact my investment company to roll over(this will lock into today's auction). This would mean that I would be getting something in the region a little below whatever the stop rate of the auction today is, which is expected to drop even lower compared to the last stop rate. Seniors in the house, what would you suggest. -Should I roll over and take whatever the interest rate is like that? -Should I lock in for secondary market after today's auction for a short tenor - say 90days - then hope that interest rates would have picked up by the time the 90day investment matures, and I can then go long. I'm just confused, and I don't want to lose much because I have already been calculating the interest I would get with rates of as at 2 auctions back until the election outcome hit it on the head. The difference in the interest I could have gotten if the rates remained in the region of 14% - 14.5% and now 13%(speculation) is hurting so much. Over to the seniors and everyone, please advice. Thanks. @feelamong, @unite4real, @dipoolowoo, @Just2endowed2, @Agbaletu, @ahiboilandgas. |
Re: Treasury Bills In Nigeria by nifty247(m): 1:03pm On Mar 13, 2019 |
I got these secondary market rates from access bank and GTB bank today. Access Bank: 9,10.5,and 12 % for 50,176, and 260 days respectively. GTB: 10.7, 12.00 and 12.40% for 92, 183 and 351 days respectively. Can the next primary window rate be above 14% for 363 days? 1 Like |
Re: Treasury Bills In Nigeria by alezzy13: 1:15pm On Mar 13, 2019 |
GonFreecss1: I agree to the first two points. clearly excessive rates are not sustainable - unless we want to end up with a giant Ponzi scheme. However, the third point is what should happen in theory, but not sure it applies to us. First, if TB rates decline, how many banks will lower their lending rates? And how many will even lend to upcoming SMEs who are the real drivers of the economy? Then of course you consider the very unfriendly business environment - power, infrastructure,etc The few that will benefit from lower tbs are the Dangotes, Otedolas and Ubas 1 Like |
Re: Treasury Bills In Nigeria by alezzy13: 1:23pm On Mar 13, 2019 |
Edit |
Re: Treasury Bills In Nigeria by Nobody: 1:47pm On Mar 13, 2019 |
confluence: |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:17pm On Mar 13, 2019 |
alezzy13: You have a point though. Some businesses will work others will fail. Being in Nigeria is already a disadvantage. 1 Like |
Re: Treasury Bills In Nigeria by dexla(f): 2:54pm On Mar 13, 2019 |
Can someone please update us on today's rate |
Re: Treasury Bills In Nigeria by Nobody: 4:01pm On Mar 13, 2019 |
Thesame here,a tbills of mine will mature tomorrow March 14, not sure what to do to the funds, i'm thinking of moving it to my e$avers account in standard chatered bank and get 10% profit until the next tbills primary market. manlikegb: |
Re: Treasury Bills In Nigeria by feelamong(m): 4:57pm On Mar 13, 2019 |
dexla: Rates not looking good! 91 days - 10.75% 182 days - 12.50% 364 days - 12.845% 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by skydiver01: 5:02pm On Mar 13, 2019 |
dexla: Today's primary market stop rates Tenor Stop Rates 91 10.75 182 12.5 364 12.85 Quite Shocking!!! |
Re: Treasury Bills In Nigeria by Nobody: 5:15pm On Mar 13, 2019 |
feelamong: From 15% last month to 12.845% today for 364 days? Quite scary... |
Re: Treasury Bills In Nigeria by freshpreshy: 5:17pm On Mar 13, 2019 |
Hi...please i'm new to this TB. However, went to my bank (fidelity bank) to enquire and was told that i need a startup of at least 1m to buy TB. Currently, i have only 500k to spare. Is there a way out or any bank that accepts lower. Thanks in advance |
Re: Treasury Bills In Nigeria by bozz007(m): 5:21pm On Mar 13, 2019 |
freshpreshy: You can check out afrinvest.com |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 5:32pm On Mar 13, 2019 |
skydiver01: hmmm rate are quite low now ohhh...whats the reason? |
Re: Treasury Bills In Nigeria by skydiver01: 5:38pm On Mar 13, 2019 |
Just2endowed2: I will put it down to a lot of demand for the longer dated Bills (364 days).... |
Re: Treasury Bills In Nigeria by Akin3891: 6:42pm On Mar 13, 2019 |
skydiver01: Yes, because most of the banks failed in their last 364 days bids,hence there was high demand for 364 bills in today auctions by those yearning investors looking for longer periods .my analysis paid off, else i would have lost a fortune waiting for today auctions ,which might not even be successful and time lost will also amount to substantial funds too . I'm sure some banks bids for 364 days won't be successful today , so we should be expecting 11.8/12 in the secondary market henceforth. 1 Like |
Re: Treasury Bills In Nigeria by dexla(f): 7:20pm On Mar 13, 2019 |
skydiver01: Really low. Glad I made the decision to invest in the tbills |
Re: Treasury Bills In Nigeria by dexla(f): 7:33pm On Mar 13, 2019 |
feelamong:Thanks |
Re: Treasury Bills In Nigeria by GonFreecss1: 9:11pm On Mar 13, 2019 |
Those of you who were planning to go and buy Treasury Bills from Ghana, lol! I hope you didn't do it? Their currency had a sharp drop today and became one of the, if not the cheapest currency in Africa. Stick with the demon you know! 4 Likes |
Re: Treasury Bills In Nigeria by kisszhira(m): 11:49pm On Mar 13, 2019 |
Did FBN tbills go through today |
Re: Treasury Bills In Nigeria by yemioke: 2:34am On Mar 14, 2019 |
Thank you all for this wonderful thread. Please i need your advise. I want to invest 10 million in Nigeria TB, but i dont live in Nigeria. Alhtough i am a NIgerian and i have active bank accounts in Nigeria. Please is this possible because i dont live currently in Nigeria. your response is highly appreciated and advise. Thanks Kind regards 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 5:39am On Mar 14, 2019 |
It is possible,contact your account relationship manager or call your bank customer service,they will put you through. Normally they will send you tbills form/s which you will complete and return back to them via email and you might be asked to send a letter to them via email requesting them to debit your account and invest same in tbills that's all (Sometimes your account need to have email idemnity before your bank can accept such letter i.e firstbank). yemioke: 1 Like 1 Share |
Re: Treasury Bills In Nigeria by dammybrite: 7:33am On Mar 14, 2019 |
Good day, ladies and gentlemen. What's up in the TB secondary market of each bank? |
Re: Treasury Bills In Nigeria by lancee(m): 11:21am On Mar 14, 2019 |
Account officer just informed me ..Gtb 364 days Unsuccessful ..Too bad Another time wasted for 2 weeks ..waiting for sec mkt rates 1 Like |
Re: Treasury Bills In Nigeria by lancee(m): 11:50am On Mar 14, 2019 |
SEC RATES 91 days @ 10.65 182 days @ 12.25 350 days @ 12.40 1 Like |
Re: Treasury Bills In Nigeria by Amebo123: 11:56am On Mar 14, 2019 |
Please any info on FBN 364 days? Was it successful? |
Re: Treasury Bills In Nigeria by Yem0350: 12:16pm On Mar 14, 2019 |
Over subscription 1 Like
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