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Treasury Bills In Nigeria - Investment (750) - Nairaland

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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 aremso(m): 3:19pm On Apr 04, 2019
NIGHTLIFE100:
Depends on amounts involved as it’s negotiable


they initially offered 12.5 but was negotiated to 12.85
Re: Treasury Bills In Nigeria by TotoNaRubber: 3:22pm On Apr 04, 2019
When did négociations on Tbills start?
Does it apply to all banks?
aremso:



they initially offered 12.5 but was negotiated to 12.85

1 Like

Re: Treasury Bills In Nigeria by lancee(m): 3:32pm On Apr 04, 2019
Got debited for pry tbills ..After aviodin them for 2 years ...I go jam into them again Zenith @ 12 percent for 364 days rip off as usual

Even seconday mkt rates beta pass
Re: Treasury Bills In Nigeria by faoogoke(m): 3:39pm On Apr 04, 2019
I am still waiting for Stanbic Ibtc to deduct from my account for NTB purchase. I hope it sails through. Do they normally stay this long before removing amount invested? Stanbic Ibtc supporters club please assist.

1 Like

Re: Treasury Bills In Nigeria by Phyde: 3:45pm On Apr 04, 2019
Stanbic alert just drop.
Re: Treasury Bills In Nigeria by mosky47: 4:29pm On Apr 04, 2019
UBA alert has landed.

Primary market 182 days at 12.25%

3 Likes

Re: Treasury Bills In Nigeria by Tweetums(f): 4:47pm On Apr 04, 2019
Phyde:

U're welcome....Is crypto still booming ?
yes
Re: Treasury Bills In Nigeria by faoogoke(m): 4:58pm On Apr 04, 2019
faoogoke:
I am still waiting for Stanbic Ibtc to deduct from my account for NTB purchase. I hope it sails through. Do they normally stay this long before removing amount invested? Stanbic Ibtc supporters club please assist.

Just as I dropped this message the alert came in. It was sweet relief.
I am a decampee from GTBANK trying to test the waters at Stanbic Ibtc. So afraid of being disappointed.
Re: Treasury Bills In Nigeria by philip2014(m): 5:28pm On Apr 04, 2019
Gtb alert just entered, very low IR.
Re: Treasury Bills In Nigeria by alezzy13: 5:55pm On Apr 04, 2019
Gtb just entered. Got 12.44

1 Like

Re: Treasury Bills In Nigeria by aremso(m): 5:56pm On Apr 04, 2019
alezzy13:
Gtb just entered. Got 12.44


tenor?
Re: Treasury Bills In Nigeria by alezzy13: 5:58pm On Apr 04, 2019
aremso:



tenor?

365.
Re: Treasury Bills In Nigeria by alezzy13: 6:01pm On Apr 04, 2019
aremso:



they initially offered 12.5 but was negotiated to 12.85

Not bad at all. Considering the current rates
Re: Treasury Bills In Nigeria by ositadima1(m): 6:19pm On Apr 04, 2019
Gurus in d house, I did t.bills of 7.5 mil last year to be due today. I just checked my phone and found out I was credited about 910k. I just don't understand whether I was short paid or it is on roll over, I have been doing this for some years now and I never roll over. Firstbank wants to deal with me o.
Re: Treasury Bills In Nigeria by Gavrelino123: 6:28pm On Apr 04, 2019
ositadima1:
Gurus in d house, I did t.bills of 7.5 mil last year to be due today. I just checked my phone and found out I was credited about 910k. I just don't understand whether I was short paid or it is on roll over, I have been doing this for some years now and I never roll over. Firstbank wants to deal with me o.
Your 7.5 Million was Re-invested Automatically...
Possibly @ the rate 12.2% of 7,500,000 for 364 days=915,000
Less residual Bank charges appropriately=5k
That's why you are left with 910k..
That's a Fact..

4 Likes

Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:33pm On Apr 04, 2019
ositadima1:
Gurus in d house, I did t.bills of 7.5 mil last year to be due today. I just checked my phone and found out I was credited about 910k. I just don't understand whether I was short paid or it is on roll over, I have been doing this for some years now and I never roll over. Firstbank wants to deal with me o.
Why not visit the bank to know what's going on?
Re: Treasury Bills In Nigeria by ositadima1(m): 6:41pm On Apr 04, 2019
Gavrelino123:

Your 7.5 Million was Re-invested Automatically...
Possibly @ the rate 12.2% of 7,500,000=915,000
Less residual Bank charges=5k
That's why you are left with 910k..
This is a Fact..

Ok, I am sure I never ticked the re-invest option. So, for roll-over I only get to see my upfront interest, right?
Re: Treasury Bills In Nigeria by Gavrelino123: 6:50pm On Apr 04, 2019
ositadima1:


Ok, I am sure I never ticked the re-invest option. So, for roll-over I only get to see my upfront interest, right?
Sure....,it's an error from the Banks ,and they will denie it to the last.......and finally put the blame on you...
If you request for your funds back,they will have to sell it @ secondary markets at their own rates to make gains..
Thus,the Transaction effects will be treated as "Pre-mature Liquidation Of T.B"
This is the peak of what should happen.

1 Like

Re: Treasury Bills In Nigeria by ositadima1(m): 6:56pm On Apr 04, 2019
OgogoroFreak:
Why not visit the bank to know what's going on?

I am off town. I have tried calling firstbank customer care, I will try again.
Re: Treasury Bills In Nigeria by Gavrelino123: 6:58pm On Apr 04, 2019
ositadima1:


I am off town. I have tried calling firstbank customer care, I will try again.
This is good....
Study the last quote that i quoted you ...
Re: Treasury Bills In Nigeria by freeman67: 8:20pm On Apr 04, 2019
ositadima1:


Ok, I am sure I never ticked the re-invest option. So, for roll-over I only get to see my upfront interest, right?

Yes if you did not ask them to roll-over with interest. However, to be very sure of what has actually happened you have to contact them.
Re: Treasury Bills In Nigeria by carbon1224(m): 8:37pm On Apr 04, 2019
Gavrelino123:

Sure....,it's an error from the Banks ,and they will denie it to the last.......and finally put the blame on you...
If you request for your funds back,they will have to sell it @ secondary markets at their own rates to make gains..
Thus,the Transaction effects will be treated as "Pre-mature Liquidation Of T.B"
This is the peak of what should happen.

I am battling with something like this with GTBank investing my money on tbills without my consent and when I requested for reverse they deducted money from me.no solution yet to return the deducted funds.
Re: Treasury Bills In Nigeria by Gavrelino123: 9:08pm On Apr 04, 2019
carbon1224:


I am battling with something like this with GTBank investing my money on tbills without my consent and when I requested for reverse they deducted money from me.no solution yet to return the deducted funds.
All Nigerian Banks are fond of this Incessant act....
Don't let it go,if not, more would happen in a different method....
If you are consistent in disturbing them about the refund,i bet you,Victory is yours..

1 Like

Re: Treasury Bills In Nigeria by ositadima1(m): 9:35pm On Apr 04, 2019
Gavrelino123:

This is good....
Study the last quote that i quoted you ...

freeman67:


Yes if you did not ask them to roll-over with interest. However, to be very sure of what has actually happened you have to contact them.

It's a rollover, confirmed from customer care, thank you.
Re: Treasury Bills In Nigeria by isangjohnson: 9:48pm On Apr 04, 2019
Please I really need advice from you guys here. My sister went and fixed 1.5m with eco today. When I ask her of document for the transaction, she says no document was given to her, that the actual person that was supposed to handle the job wasn't around and she was asked to come back next week.
I'm just surprise. If the actual person wasn't on sit to start and finish the job, while could someone else collect the cash and ask her to come back next week without giving her any evidence of transaction?
I'm just being curious because our system is so porous and full of dubious personel.

3 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 10:03pm On Apr 04, 2019
isangjohnson:
Please I really need advice from you guys here. My sister went and fixed 1.5m with eco today. When I ask her of document for the transaction, she says no document was given to her, that the actual person that was supposed to handle the job wasn't around and she was asked to come back next week.
I'm just surprise. If the actual person wasn't on sit to start and finish the job, while could someone else collect the cash and ask her to come back next week without giving her any evidence of transaction?
I'm just being curious because our system is so porous and full of dubious personel.

How old is your sister?
Re: Treasury Bills In Nigeria by ogawisdom(m): 10:10pm On Apr 04, 2019
Bravedude112:
Pls don't call that guy a beggar even if you don't want to help,if you have been through hard times you will understand how it feels to be broke!

Shut up already if u have nothing to say angry

1 Like

Re: Treasury Bills In Nigeria by isangjohnson: 10:22pm On Apr 04, 2019
@Grupo. Sound funny.... she is 25. Though she filled the form and the person in charge of certificate printing wasn't around according to her, but I still feel something should have been given as evidence that will be presented when she returns to the bank next week. I am worried because my cash is included.
Re: Treasury Bills In Nigeria by isangjohnson: 10:24pm On Apr 04, 2019
Please I need those that are banking with Eco to help and throw more light on this.
Re: Treasury Bills In Nigeria by Tweetums(f): 10:31pm On Apr 04, 2019
isangjohnson:
Please I need those that are banking with Eco to help and throw more light on this.
when she get to bank next time she should tell them she come for her fixed deposit certificate..... But for me I don't even bother to collect it from my Acc manager....
Re: Treasury Bills In Nigeria by Tweetums(f): 10:41pm On Apr 04, 2019
Pls, when the next auction date coz av wrote later to terminate my fixed deposit in my bank....
Re: Treasury Bills In Nigeria by philip2014(m): 10:55pm On Apr 04, 2019
April 18, but you need to bid latest April 16th
Tweetums:
Pls, when the next auction date coz av wrote later to terminate my fixed deposit in my bank....

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