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Treasury Bills In Nigeria - Investment (112) - Nairaland

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Re: Treasury Bills In Nigeria by unite4real: 8:33pm On Jul 22, 2015
favoured247:
i submitted mine yesterday. primary bidding. i went for 12.6% for 180days. but wasnt debited today and i believe the whole tin was done today. its obvious i lost. i guess 12.6% was too high for dat 180 days. undecided undecided pls who has d stop rates for today?

You can't be debited today. It will be done by tomorrow evening hopefully. Usually on Thursdays.
Re: Treasury Bills In Nigeria by unite4real: 8:34pm On Jul 22, 2015
donJ2:


Plz I think if anyone has a question that's not pertaining to T-bills, simply leave ur email, so that people with d answers can do d needful...I wouldn't like any other diversion in this thread...

Currently am running Tbills, as advised by my account manager....when I told him wz going to sink 1m into 'Lets partner with you' ...another extremely high risk biz..

*dnt ask m abt it*

But for d my rest of mind, I chose Tbills...vry safe, though low interest.

Cheers house

Better to be safe than sorry
Re: Treasury Bills In Nigeria by ukay2: 9:26pm On Jul 22, 2015
feelamong:


Did you ask what rate are they willing to roll over for you? usually at the expiration, you money drops back into ur account unless you indicate that it should be rollover..

yesterday i assisted one of my friends to purchase 85days Tbills at 10.5% in the secondary market..

i doubt if the 91days will do more than that in the auction today...


@myoga Feelamong,


please my account has not been debited after applying for July 15,2015 FGN Bond primarily market auction I applied via my bank(Stanbic) . From DMO website, the settlement day for the FGN bond was yesterday 21/07/15.
I thought my account will be debited yesterday, till now my account has not been debited... I contacted my bank customer care and they said I should give them more time...
Sucessful bid from DMO website was 15.2%....I even filled 14.2% in my form... Meaning my bid should be successful.

Please how many days does it take before a bidder's account is debited after the auction date of FG bond?

Thanks for your quick response.
Re: Treasury Bills In Nigeria by Bamz(m): 1:59am On Jul 23, 2015
feelamong:


yes there is an auction today..

you should have dropped ur bid yesterday if you wanted to purchase T bills today

Thanks for your response. I'll plan for the next one.

1 Like

Re: Treasury Bills In Nigeria by feelamong(m): 8:32am On Jul 23, 2015
ukay2:



@myoga Feelamong,


please my account has not been debited after applying for July 15,2015 FGN Bond primarily market auction I applied via my bank(Stanbic) . From DMO website, the settlement day for the FGN bond was yesterday 21/07/15.
I thought my account will be debited yesterday, till now my account has not been debited... I contacted my bank customer care and they said I should give them more time...
Sucessful bid from DMO website was 15.2%....I even filled 14.2% in my form... Meaning my bid should be successful.

Please how many days does it take before a bidder's account is debited after the auction date of FG bond?

Thanks for your quick response.

Transactions settle in T + 2 days...

anything outside this, ask your bankers for explanation
Re: Treasury Bills In Nigeria by feelamong(m): 8:40am On Jul 23, 2015
CBN stop rates for auction of 23/07/2015

91 days -----------10%

182 days ---------12.65%

364 days ----------13%
Re: Treasury Bills In Nigeria by pipz(m): 9:06am On Jul 23, 2015
T-BILL AUCTION DATE: 22-Jul-15
NGN T-Bill Auction Result


TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)
91 DY 22-Oct-15 NGN 36.78B 10.00% (10.26%) 1.00 10.00% (10.26%)
182 DY 21-Jan-16 NGN 39.18B 12.65% (13.50%) 1.16 12.625% (13.47%)
364 DY 21-Jul-16 NGN 52.00B 13.00% (14.94%) 1.27 13.00% (14.94%)
Re: Treasury Bills In Nigeria by udysweet(f): 10:13am On Jul 23, 2015
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Re: Treasury Bills In Nigeria by favoured247(m): 11:04am On Jul 23, 2015
feelamong:

CBN stop rates for auction of 23/07/2015

91 days -----------10%

182 days ---------12.65%

364 days ----------13%
u hav any idea why i wasnt debited even wen i bidded 12% for 180 days?
Re: Treasury Bills In Nigeria by feelamong(m): 11:42am On Jul 23, 2015
favoured247:

u hav any idea why i wasnt debited even wen i bidded 12% for 180 days?

Cool down...I have a couple of friends who also won their bids but havnt been debited...

lets wait till close of business today before raising any alarms
Re: Treasury Bills In Nigeria by favoured247(m): 12:51pm On Jul 23, 2015
feelamong:


Cool down...I have a couple of friends who also won their bids but havnt been debited...

lets wait till close of business today before raising any alarms
lols. ok boss. dem better collect dat money bfor i change my mind
Re: Treasury Bills In Nigeria by Marpol: 1:21pm On Jul 23, 2015
When is the next bidding coming up please?
Re: Treasury Bills In Nigeria by just2endowed: 2:52pm On Jul 23, 2015
Marpol:
When is the next bidding coming up please?

that wil be fortnight i.e 2 weeks i guess
Re: Treasury Bills In Nigeria by favoured247(m): 9:14am On Jul 24, 2015
feelamong:


Cool down...I have a couple of friends who also won their bids but havnt been debited...

lets wait till close of business today before raising any alarms
I was finally debited yesterday evening.

3 Likes

Re: Treasury Bills In Nigeria by Corosive(m): 3:15am On Jul 25, 2015
Has anyone used Access bank to purchase Tbills b4? As as 21st they were still telling me it wasn't available. I don't want to end up waiting in vain for the next auction as I missed this one.
Re: Treasury Bills In Nigeria by kennyman2000(m): 10:38pm On Jul 25, 2015
Goodevening house, someone should kindly assist me with bank names and address where i can get TB cos most banks have been going to are just trying to play a fast one on me, telling me, they dont do TB. Thereby, advising me to go for fixed deposit..

Bank names and address in lagos..

Will really appreciate..

Oga feelamong.. Abeg ooo... Thanks..
Re: Treasury Bills In Nigeria by debbydee(f): 2:23pm On Jul 27, 2015
kennyman2000:
Goodevening house, someone should kindly assist me with bank names and address where i can get TB cos most banks have been going to are just trying to play a fast one on me, telling me, they dont do TB. Thereby, advising me to go for fixed deposit..

Bank names and address in lagos..

Will really appreciate..

Oga feelamong.. Abeg ooo... Thanks..

First bank, Zenith banks. These are banks i have transacted with in terms of TBills. or if you don't mind you can go to Zenith bank Isolo branch my sister is there she can help you out.

#Peace
Re: Treasury Bills In Nigeria by kennyman2000(m): 3:18pm On Jul 27, 2015
debbydee:


First bank, Zenith banks. These are banks i have transacted with in terms of TBills. or if you don't mind you can go to Zenith bank Isolo branch my sister is there she can help you out.

#Peace

sorry, if i may ask.. Whats the bid rate thats used for u when u transacted then?

Thanks.
Re: Treasury Bills In Nigeria by Eberex(m): 3:37pm On Jul 27, 2015
feelamong:

CBN stop rates for auction of 23/07/2015

91 days -----------10%

182 days ---------12.65%

364 days ----------13%

hello Feelamong. I attended a forum program and that was where i got to hear about Treasure Bills. Would you mind being my mentor or coach because i want to go into it.
I studied engineering in school hence i'm really finding it a little bit difficult with some terms and how to go about it. Already i have sent you an email. Hoping to see your reply.
Re: Treasury Bills In Nigeria by debbydee(f): 5:15pm On Jul 27, 2015
kennyman2000:


sorry, if i may ask.. Whats the bid rate thats used for u when u transacted then?

Thanks.

i use first bank thay gave me 10. some thing per cent i did for 91 days
Re: Treasury Bills In Nigeria by yomi007k(m): 5:18pm On Jul 27, 2015
Corosive:
Has anyone used Access bank to purchase Tbills b4? As as 21st they were still telling me it wasn't available. I don't want to end up waiting in vain for the next auction as I missed this one.

I have used Access bank twice now.

My last deal was on 3rd of july.
Re: Treasury Bills In Nigeria by yomi007k(m): 5:26pm On Jul 27, 2015
feelamong:

CBN stop rates for auction of 23/07/2015

91 days -----------10%

182 days ---------12.65%

364 days ----------13%

Good day boss.

I must commend d great work ur doing on this forum.

Pls my bank(Access) told me I can't purchase T-bills for 364 days and their rates r usually less than d ones I see online.

How can I deal directly with CBN or betterstill get a rate similar to the ones above?
Re: Treasury Bills In Nigeria by kennyman2000(m): 6:16pm On Jul 27, 2015
yomi007k:


I have used Access bank twice now.

My last deal was on 3rd of july.


Good.. Whats was the rate u got from access cos access just told me 9.5percent for 73 days from access..
Re: Treasury Bills In Nigeria by kennyman2000(m): 6:17pm On Jul 27, 2015
debbydee:


i use first bank thay gave me 10. some thing per cent i did for 91 days


Thanks.. kindly give me the branch name of the first bank..
Re: Treasury Bills In Nigeria by inze(m): 6:23pm On Jul 27, 2015
kennyman2000:



Good.. Whats was the rate u got from access cos access just told me 9.5percent for 73 days from access..

The above rate is fair enough because you are been dished out from a secondary market. Rate for 91days stood at 10% at the last auction.

You can either go for that or wait for the next auction.
Re: Treasury Bills In Nigeria by kennyman2000(m): 6:26pm On Jul 27, 2015
inze:


The above rate is fair enough because you are been dished out from a secondary market. Rate for 91days stood at 10% at the last auction.

You can either go for that or wait for the next auction.


Thanks..
Re: Treasury Bills In Nigeria by millionboi(m): 6:27pm On Jul 27, 2015
I need it......Solutico@gmail.com
feelamong:


Officially you can invest as little as N1000. But because of the paper work involved and for the fact that the fees u pay to them is very low, most banks and discount houses insist on a min of 100k to N1M.

If you are interested send me a mail to feelamong@gmail.com ..I will introduce you to a friend in a discount house.
Re: Treasury Bills In Nigeria by yomi007k(m): 8:55pm On Jul 27, 2015
kennyman2000:



Good.. Whats was the rate u got from access cos access just told me 9.5percent for 73 days from access..
11.5 percent for 176 days.


I don't like Access bank rates.

I'm looking 4 an alternative.
Re: Treasury Bills In Nigeria by debbydee(f): 9:15am On Jul 28, 2015
kennyman2000:



Thanks.. kindly give me the branch name of the first bank..

first bank illupeju branch
just walk straight to the fixed deposit/treasury bills desk
Re: Treasury Bills In Nigeria by Eberex(m): 9:26am On Jul 28, 2015
debbydee:


first bank illupeju branch
just walk straight to the fixed deposit/treasury bills desk

thank you. Very good because i reside in ilupeju grin
Re: Treasury Bills In Nigeria by Eberex(m): 1:27pm On Jul 28, 2015
debbydee:


first bank illupeju branch
just walk straight to the fixed deposit/treasury bills desk

I would like to ask some questions on this Bill. I just sent you an email, please kindly confirm.

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