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Treasury Bills In Nigeria - Investment (755) - 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 ahiboilandgas: 7:52pm On Apr 09, 2019
bobeefc:


please how is this % calculated. my gtb account officer said it is calculated per annum. i did 500k for 114 days @ 10.25 and only got about 16k+. please is this correct
4 k per month or 120 naira per day investing 500k
Re: Treasury Bills In Nigeria by xzibukz(m): 9:33pm On Apr 09, 2019
pls what's the different between primary market and secondary market for TB.

I went to access bank today for enquiry, I was told they sell TB on a daily basic only on secondary market at the minimum rate of 11%-12% depends
Re: Treasury Bills In Nigeria by CompareDBest: 9:33pm On Apr 09, 2019
Pascopele:
UBA secondary market rate as at Today.

Lets try to ask from other banks too.



Tenor (days) Discount Rate (%)
80 10.40%
150 12.05%
178 12.10%
220 12.15%
255 12.20%
297 12.45%
346 12.50%
360 12.65%
You will find many other bank T-Bills secondary market rates ranked here: http://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

3 Likes

Re: Treasury Bills In Nigeria by blissfulsoul: 11:27pm On Apr 09, 2019
Is it safe to invest in I-invest?
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:38pm On Apr 09, 2019
blissfulsoul:
Is it safe to invest in I-invest?
https://www.nairaland.com/878880/treasury-bills-nigeria/732#76905799
Re: Treasury Bills In Nigeria by Nnamz(m): 12:02am On Apr 10, 2019
blissfulsoul:
Is it safe to invest in I-invest?
Barrytone pleaseeee ignore this question o. Make we no come see another heated argument now that there's finally serenity on this thread

9 Likes

Re: Treasury Bills In Nigeria by NL1960: 8:44am On Apr 10, 2019
Nnamz:
Yes Ma'am it is correct. 500,000 * 0.1025 per cent = 51,250
51,250 divided by 364 days is 140.796......
140.796..... times 114 days is 16,050.824175.....
Remember that interest is per annum, that's why I divided the interest by 364 days, and multiplied it by 114 days.
MODIFIED: Also please read previous pages of this thread like Ogogoro (which kin name be that sef) stated above

Wetin do the name?. We suppose promote our own now. You wan make him dey answer 'HennesseyFreak', 'GlenfiddichFreak', 'MoetFreak'?. grin cheesy

7 Likes

Re: Treasury Bills In Nigeria by NL1960: 8:48am On Apr 10, 2019
xzibukz:
pls what's the different between primary market and secondary market for TB.

I went to access bank today for enquiry, I was told they sell TB on a daily basic only on secondary market at the minimum rate of 11%-12% depends

Primary market is like wholesale while secondary market is like retail. You can also see primary market as 'buying the bale of clothes' and secondary market as 'bend down select'. cool.

13 Likes

Re: Treasury Bills In Nigeria by elpiro: 9:46am On Apr 10, 2019
NL1960:


Wetin do the name?. We suppose promote our own now. You wan make him dey answer 'HennesseyFreak', 'GlenfiddichFreak', 'MoetFreak'?. grin cheesy
grin
Buy naira to grow the naira tinz
Re: Treasury Bills In Nigeria by Donbrig: 4:59pm On Apr 10, 2019
Pascal2016:
I went to First Bank today to make inquiry about TBil (Primary Market to be precised) and the person in charge told me to fill the form for it and the money in my account will be deducted immediately but it can only start counting from next week Wednesday being 17/04/2019 when the TBil will be available.

My question is, is this how TBil works?
I thought it can only be deducted on that said Wednesday?
Is the guy really truthful or is he trying to use the money for business first or what?
Please can someone address this issue for me because i am confuse. Didn't fill the form though.


Pls, lets educate us correctly. Virtually all the banks often deduct the amount you intend to invest few days to the D-day. This is so because some customers in need of urgent money will still go and withdraw the money they have already entered for t-bill investment.

5 Likes 1 Share

Re: Treasury Bills In Nigeria by xzibukz(m): 6:10pm On Apr 10, 2019
pls can someone recommend BTW Zenith, First bank or GTbank, as best to buy TB?
Re: Treasury Bills In Nigeria by Agbaletu: 6:22pm On Apr 10, 2019
xzibukz:
pls can someone recommend BTW Zenith, First bank or GTbank, as best to buy TB?
Don't ever try TBills with Zenith Bank. I have three TBills with them.

3 Likes 1 Share

Re: Treasury Bills In Nigeria by xzibukz(m): 6:31pm On Apr 10, 2019
pls someone should recommend a good bank oo
Re: Treasury Bills In Nigeria by Desanta(m): 6:33pm On Apr 10, 2019
xzibukz:
pls someone should recommend a good bank oo

FBN or Stanbic.
Re: Treasury Bills In Nigeria by Afon1: 6:37pm On Apr 10, 2019
Stanbic
Desanta:


FBN or Stanbic.
Re: Treasury Bills In Nigeria by Agbaletu: 6:46pm On Apr 10, 2019
xzibukz:
pls someone should recommend a good bank oo
GTB is OK, I have one with them. FBN is also good.

1 Like

Re: Treasury Bills In Nigeria by Pascal2016: 11:01pm On Apr 10, 2019
Really, ok thank you so much sir.
Donbrig:



Pls, lets educate us correctly. Virtually all the banks often deduct the amount you intend to invest few days to the D-day. This is so because some customers in need of urgent money will still go and withdraw the money they have already entered for t-bill investment.


Re: Treasury Bills In Nigeria by Pascal2016: 11:05pm On Apr 10, 2019
Thank you so much sir. I was a bit worried because most things are fake now.
Desanta:


That is how FBN opetates.
That is why i wait till friday before going to the bank to apply.
Re: Treasury Bills In Nigeria by dipoolowoo: 11:36pm On Apr 10, 2019
T-Bills Yields Drop 0.16% as Overnight Rate Rises to 16.29%
https://businesspost.ng/2019/04/10/t-bills-yields-drop-0-16-as-overnight-rate-rises-to-16-29/
Re: Treasury Bills In Nigeria by papadoculus(m): 7:18am On Apr 11, 2019
Agbaletu:
Don't ever try TBills with Zenith Bank. I have three TBills with them.
giv reasons bro

1 Like

Re: Treasury Bills In Nigeria by Ibrahim505(m): 7:57am On Apr 11, 2019
blissfulsoul:
Is it safe to invest in I-invest?
It is safe. I completely relocated to the app.
Re: Treasury Bills In Nigeria by 234ng44uk(m): 9:15am On Apr 11, 2019
blissfulsoul:
Is it safe to invest in I-invest?
Ibrahim505:

It is safe. I completely relocated to the app.
I agree it is safe. But it's not a treasury bill investment, it's a fixed deposit.

2 Likes

Re: Treasury Bills In Nigeria by eddyakinrinde(m): 9:47am On Apr 11, 2019
Ibrahim505:

It is safe. I completely relocated to the app.

@Ibrahim505, did u mean u moved all your tbills to them now? Am thinking of doing same thing again. I initially moved some of my tbills to Mmf and downloaded the apps for the different mutual funds too. But of recent I don't seem to understand how these mutual funds post their daily interest unlike the I invest app that post every 12am.
Re: Treasury Bills In Nigeria by 234ng44uk(m): 10:13am On Apr 11, 2019
eddyakinrinde:


@Ibrahim505, did u mean u moved all your tbills to them now? Am thinking of doing same thing again. I initially moved some of my tbills to Mmf and downloaded the apps for the different mutual funds too. But of recent I don't seem to understand how these mutual funds post their daily interest unlike the I invest app that post every 12am.

The mmfs are so dodgy I'm seriously considering moving all my funds from there. They state an interest on their website then pay lower, they skip payments for weekends and some days. Just waiting for tbills to pick up again.

2 Likes

Re: Treasury Bills In Nigeria by eddyakinrinde(m): 10:50am On Apr 11, 2019
234ng44uk:


The mmfs are so dodgy I'm seriously considering moving all my funds from there. They state an interest on their website then pay lower, they skip payments for weekends and some days. Just waiting for tbills to pick up again.

Monitoring my mmf closely now, sometimes I notice they skip payments even on weekdays if you don't take note. At times they pay in the morning sometimes in the night, sometimes late in the night, you will even get confused which day the payment is for? Just that some are still doing better now in terms of rates than tbills. I still have one that post 13.2 percent as at today.

2 Likes

Re: Treasury Bills In Nigeria by 234ng44uk(m): 10:52am On Apr 11, 2019
eddyakinrinde:


Monitoring my mmf closely now, sometimes I notice they skip payments even on weekdays if you don't take note. At times they pay in the morning sometimes in the night, sometimes late in the night, you will even get confused which day the payment is for? Just that some are still doing better now in terms of rates than tbills. I still have one that post 13.2 percent as at today.

Problem is that i-invest can't pay you interest that high. You'll also forfeit 30% of your interest in you liquidate before maturity.
Re: Treasury Bills In Nigeria by hustla(m): 2:43pm On Apr 11, 2019
Who knows stanbic banks interest rate on 3 months tb?
Re: Treasury Bills In Nigeria by freeman67: 3:04pm On Apr 11, 2019
If you want to receive yourselves the stress of checking minutes and not seeing your interest..especially for those using Stanbic IBTC asset management. What you should do is screenshot your account daily by 12 - 1.00 p.m every day excluding Sundays.. Pay more attention to what you see on Mondays because the interest credited is alway for two days..both Saturday and Sunday.

I am saying this because I just noticed that lots of people do not take their time to notice the interest credited in their account daily...

1 Like

Re: Treasury Bills In Nigeria by Pascal2016: 3:42pm On Apr 11, 2019
I urgently need help please. I will fill my TBil form tomorrow with FBN and I learnt from this forum that you have to bid, % at which you wish to buy the TBil. I want to do six months and from my research, the interest rate is really fluctuating.
This is my first time, should I bid 12.45% or go higher or should I just peg it at 12% only.
I want to do with First Bank.
What's your advice please?

1 Like

Re: Treasury Bills In Nigeria by Pascal2016: 3:55pm On Apr 11, 2019
I urgently need help please. I will fill my TBil form tomorrow with FBN and I learnt from this forum that you have to bid, % at which you wish to buy the TBil. I want to do 180 or 182 days (six months) and from my research, the interest rate is really fluctuating.
This is my first time, should I bid 12.45% or go higher or should I just peg it at 12% only.
I want to do with First Bank.
What's your advice please?
Re: Treasury Bills In Nigeria by emmasoft(m): 3:55pm On Apr 11, 2019
Pascal2016:
I urgently need help please. I will fill my TBil form tomorrow with FBN and I learnt from this forum that you have to bid, % at which you wish to buy the TBil. I want to do six months and from my research, the interest rate is really fluctuating.
This is my first time, should I bid 12.45% or go higher or should I just peg it at 12% only.
I want to do with First Bank.
What's your advice please?
Go with the bank rate it's safer.

1 Like

Re: Treasury Bills In Nigeria by Donbrig: 4:35pm On Apr 11, 2019
Pls what are your reasons? We have so many Zenith Bank customers here. Zenith is one of the best banks for wealthy customers, if you have huge sum of money, Zenith is the best choice.... I have over 100m with them in different investment channels and I am growing rapidly. But Zenith Bank is not too good for starters or someone trying to build up his/her finance, I know they sometimes discriminate or undermine poor customers, that's one thing I don't like about them as well.

Agbaletu:

Don't ever try TBills with Zenith Bank. I have three TBills with them.

1 Like

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