.Treasury bill rates are solely fixed by the CBN in line with current market realities. These rates are tied to the tenors irrespective of the amount invested. However, below are the stop rates as at the last NTB auction for your information and as a guide.

91 day – 10.75%

182 day – 11.94%

364 day – 12.22%
Please bear in mind that these rates change with every auction and may trend either lower or higher.

acorntree:



this is what FCMB customer care sent to me. is this reasonable.

feelamong:
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 04, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 14.00%

182 17.50%

364 18.685%

feelamong:
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 04, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 14.00%

182 17.50%

364 18.685%

ukay2:
Thanks....my 18.45% for 364 days successful

Houstency:

Which bank please?

sanerugwei:
Still very much robust.

Kentrasso:
They finally debited my account today since 21st Dec. 17.59% at UBA for 364 days

iamoasa:
People!!! Quick question pls, I know that interest is paid upfront in Treasury Bill, if my bid is successful, will the interest be invested together with the capital automatically OR do I need to state that in my letter to the bank that I want both the capital and interest to be invested?

iamoasa:
People!!! Quick question pls, I know that interest is paid upfront in Treasury Bill, if my bid is successful, will the interest be invested together with the capital automatically OR do I need to state that in my letter to the bank that I want both the capital and interest to be invested?

Mfunkynation:
As anyone recieve alert 4 successful bid via First Bank?

acorntree:



this is what FCMB customer care sent to me. is this reasonable.

feelamong:
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 04, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 14.00%

182 17.50%

364 18.685%

Onboard1:
I need help oooo
I learned about NTB here on this thread(not experienced).
I tried my luck at this last auction through DIAMOND BANK
I invested 1m at 13.8% rate for 91days tenor.

I also learned here that the interest is paid upfront.

But I just got alert and was debited #965,594.52 instead of #862,000.00

Will they credit me the difference later or should I contact my branch with complain.
I'm confused, has someone experienced such thing before?.

taddat:
Please, what's the minimum you can invest in Treasury Bill? I'm a student and i'm interested

freeman67:


That's exactly what they should debit. The interest is calculated per annum not just 91days as it is there.

I will calculate ur transaction above like this....

N1,000,000 ÷ 100 x 13.8 ÷ 365
what you get after solving is the correct interest.
You have been paid all.

If you actually took time to read from beginning you shouldn't miss how its calculated.

freeman67:
Did anybody submit a bid for 182 day with stanbic that went through?

I applied for 182 days...I ticked the yes option for them to bid on my behalf as against 17.2.% that I had in mind and it didn't go through.

The option they had for secondary was about 195 days for 14.9 which way below what CBN gave out...

c3000:


I did. I had 17.5 in mind for 182 but most unlike me I decided to let them have a go - big mistake - they lost woefully and had the temerity to turn around and offer 15% for 195 in the secondary market - I never felt so insulted.