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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 Acme77: 7:39am On Aug 17, 2019 |
Please I do not understand these banks. I went to Zenith and was told only 1 million upwards. Also at Stanbic IBTC, was told secondary has ended. Only primary is on. But I thought the rates been display was on the 15th. So why are they saying secondary has ended. And why will Zenith say only a million naira upwards can invest? In Zenith Bank, the least is a million naira. You may decide to use First Bank. The least amount in 100 thousand naira. |
Re: Treasury Bills In Nigeria by mimini: 9:14am On Aug 17, 2019 |
amjustme2: Thank you. Was there by 3pm. So does it mean I have missed Tbill for this month? When then is the next Tbill rate and how do I ensure I don't miss d next one? Am I suppose to apply to the bank before the rates comes out? I am confused because I was at the bank the next day after seeing the rates. |
Re: Treasury Bills In Nigeria by billtommy(m): 9:27am On Aug 17, 2019 |
CompareDBest: What time of the day do you update the daily rates on your website? It will do more good if it can be gotten around 1pm everyday. It would drive more traffic to your website while you save investors of the daily hassle of jumping from one bank to the other...looking for the best rate. 4 Likes |
Re: Treasury Bills In Nigeria by amjustme2: 10:19am On Aug 17, 2019 |
10am till about 2pm DAILY would be a safe time to inquire about Secondary market rate mimini: |
Re: Treasury Bills In Nigeria by mimini: 10:54am On Aug 17, 2019 |
But has the Tbill for the secondary rates published 15th August ended in all banks? I really want to be part of it. |
Re: Treasury Bills In Nigeria by Acidosis(m): 11:35am On Aug 17, 2019 |
. 5 Likes
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Re: Treasury Bills In Nigeria by forlahkhe: 2:43pm On Aug 17, 2019 |
A COURT IN LONDON AWARDED 3 TRILLION NAIRA JUDGMENT AGAINST NIGERIA...... please, will this affect tbills? 2 Likes |
Re: Treasury Bills In Nigeria by drdrei09: 3:38pm On Aug 17, 2019 |
If I put 2 million in treasury bill, what's the least amount I'm likely to get as interesting, please? |
Re: Treasury Bills In Nigeria by Acidosis(m): 3:39pm On Aug 17, 2019 |
forlahkhe: No, it won't. N3 trillion is just half of Zenith bank's total assets. Moreover, history of treasury bills in Nigeria dates back to 1960, just a year after the establishment of CBN. If the total corruption and looting of 59 years did not affect TBills at any point in time, it won't because of a 3 trillion naira judgment in a 5 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Acidosis(m): 3:42pm On Aug 17, 2019 |
drdrei09: It is irrational to put 2 million in a venture you know nothing about. Keep your money, and understand/learn the dynamics before delving into it. Trust me, no one will answer your question as far as this thread is concerned. 5 Likes |
Re: Treasury Bills In Nigeria by forlahkhe: 3:56pm On Aug 17, 2019 |
Thank u my bro for trowing more light on ds......I don dey fear o. Acidosis: 2 Likes |
Re: Treasury Bills In Nigeria by drdrei09: 4:37pm On Aug 17, 2019 |
Acidosis:Thanks 2 Likes |
Re: Treasury Bills In Nigeria by NL1960: 5:21pm On Aug 17, 2019 |
drdrei09:Calculating the least amount you will get requires three information from you. These are Principal, Tenor and Rate. You have only provided Principal. Na only 'winch' fit know the Tenor and Rate wen dey your mind. I no be 'winch'. 4 Likes |
Re: Treasury Bills In Nigeria by drdrei09: 5:27pm On Aug 17, 2019 |
NL1960:The tenure is 91 days. I don't know how to get the rate 1 Like |
Re: Treasury Bills In Nigeria by mimini: 5:30pm On Aug 17, 2019 |
mimini: pls someone should answer this question. 1 Like |
Re: Treasury Bills In Nigeria by Boyhood: 6:32pm On Aug 17, 2019 |
mimini:From your question, its obvious you still don't understand the whole concept of T-bills. but let me try to answer your question Each bank has its secondary rates separate depending on the availability. If a particular bank tells you they don't have at the moment, just go to the next bank you will surely get. But the secondary rates in next bank will differ from what the first bank will offer you oh.. 1 Like |
Re: Treasury Bills In Nigeria by Acidosis(m): 6:44pm On Aug 17, 2019 |
mimini: T-bills secondary market is a form of black market with no form of coordination or predetermined timeline across all banks. When it comes to secondary market, no two banks have the same or predetermined tenor or rates. The banks simply sell to you what they bought from an existing holder of Treasury Bills. It's a process of buying from those who wish to terminate their investments, so there are no predetermined rates or tenors. You need to approach any bank of your choice to know whether such offers are available. As per primary market, auction takes place fortnightly at the same time in all banks. Note, it's an auction, and you're not even permitted to state your own rate. Unless you're investing N50m+, the banks simply bid on your behalf (together with other customers). When CBN's stop rate for an auction is 11%, and your bank tender a bid of 11.5%, the bank lose out for that period. To scale the hurdle, whatever your bank bids must fall in the range of CBN's stop rate. Don't bother asking anyone what CBN rates are for the next auction because nobody knows, including your bank manager. They only bid and predict using some dynamics such as previous stop rates, FG policies, inflation, etc. Also note that the fact you're buying from the primary market doesn't imply you're getting better rates than those buying from the secondary market. Which is better? Well, no one can answer that. Whichever offers an individual better rates at any point in time is better. 16 Likes |
Re: Treasury Bills In Nigeria by Ijeoma660(f): 7:04pm On Aug 17, 2019 |
Acidosis: Excellent stuff....exactly what I was trying to explain to a colleague 3 Likes |
Re: Treasury Bills In Nigeria by forlahkhe: 8:11pm On Aug 17, 2019 |
Pls, do u mean if I have account wt gtb, I can go and buy secondary tbills in stambic if stambic has higher rate? Or u must have an account with whichever bank u want to buy secondary tbills from. Acidosis: |
Re: Treasury Bills In Nigeria by Nobody: 8:13pm On Aug 17, 2019 |
Acidosis:So u go school like this eeh? Salute. 4 Likes |
Re: Treasury Bills In Nigeria by globalresource: 8:14pm On Aug 17, 2019 |
forlahkhe: You need an account with them I believe 1 Like 1 Share |
Re: Treasury Bills In Nigeria by drdrei09: 8:24pm On Aug 17, 2019 |
Acidosis:please, I wish to talk to you privately. If you're less busy, I'll like you to explain some things to me. Can I drop my email address? |
Re: Treasury Bills In Nigeria by Anatech(m): 9:27pm On Aug 17, 2019 |
Acme77: Yes that maybe their policy, you know of recent you can only invest in the primary market if you have 50,000,000 (Fifty Million Naira), what bank do is that they collect a large pool of investment, collecting large sums will ease their management as they will be a limited number of people to manage, that will be the main reason why they only accept not less than 1,000,000 1 Like |
Re: Treasury Bills In Nigeria by kristien4(m): 11:47pm On Aug 17, 2019 |
Akin3891:Please what are your strategies, educate me.. i have wicked tenants too.. |
Re: Treasury Bills In Nigeria by Acidosis(m): 5:15am On Aug 18, 2019 |
forlahkhe: You need to have an account with the bank |
Re: Treasury Bills In Nigeria by Acidosis(m): 5:16am On Aug 18, 2019 |
sassysure:Thanks, and thanks to the thread, school no teach me this kain thing 3 Likes |
Re: Treasury Bills In Nigeria by Acidosis(m): 5:17am On Aug 18, 2019 |
drdrei09:You can send a pm |
Re: Treasury Bills In Nigeria by igbizen(m): 8:33am On Aug 18, 2019 |
What will happen to dollar, now that the FG is stopping CBN from giving Forex to food importers. And how will food prices go? 1 Like |
Re: Treasury Bills In Nigeria by papadoculus(m): 1:53pm On Aug 18, 2019 |
I just found this mouth watery rates on I-invest
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Re: Treasury Bills In Nigeria by zamirikpo(m): 4:03pm On Aug 18, 2019 |
papadoculus: Is this one mouth watery.......abi u were not here when we invested at 18%..... 4 Likes |
Re: Treasury Bills In Nigeria by dannywest01: 4:36pm On Aug 18, 2019 |
zamirikpo:it is mouth watering considering the rates we have been getting for some time now. 1 Like |
Re: Treasury Bills In Nigeria by TotoNaRubber: 7:57pm On Aug 18, 2019 |
It looks alright but it seems they hold your interest until maturity, they don't pay upfront, the recurring interests in itself is mouthwatering dannywest01: |
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