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Treasury Bills In Nigeria - Investment (249) - Nairaland

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Re: Treasury Bills In Nigeria by inze(m): 11:22pm On Jan 17, 2017
HazzanTazzan:
Pls how... When am I supposed to get my money back in my acct. I can't find the text msg I recieved when the money was invested ...
The money was invested in october 17th or 19th and expected to mature in 91days which is this January but I'm not sure of the exact date... Has anyone who invested around that period recieved their credit ?

. . . you will receive your money back sometime around 20-21st. You need not any alert message to show nobody before you get your money back but if in doubt as to maturity date, visit any branch of your bank and they will inform you.
Re: Treasury Bills In Nigeria by HazzanTazzan(m): 1:19am On Jan 18, 2017
inze:


. . . you will receive your money back sometime around 20-21st. You need not any alert message to show nobody before you get your money back but if in doubt as to maturity date, visit any branch of your bank and they will inform you.

Thanks
Re: Treasury Bills In Nigeria by DREGE: 3:33am On Jan 18, 2017
[quote author=ukay2 post=52891468]

Stanbic ibtc bank minimum is 100 k and you can bid for yourself if you want [/quote)

Thank u so much
Re: Treasury Bills In Nigeria by DREGE: 3:34am On Jan 18, 2017
[quote author=ukay2 post=52891468]

Stanbic ibtc bank minimum is 100 k and you can bid for yourself if you want [/quote)

Thank u so much
Re: Treasury Bills In Nigeria by 12fb: 7:11am On Jan 18, 2017
HazzanTazzan:
Pls how... When am I supposed to get my money back in my acct. I can't find the text msg I recieved when the money was invested ...
The money was invested in october 17th or 19th and expected to mature in 91days which is this January but I'm not sure of the exact date... Has anyone who invested around that period recieved their credit ?


Expect return of funds on Thursday before close of the day
Re: Treasury Bills In Nigeria by tundebabzy: 8:07am On Jan 18, 2017
Prince081:
Hello house, I want to start buying NTB with N600k. Is this possible as it seems the minimum is N1m
What bank is that sir? Apart from investment banks like Standard Chartered which generally deal with high net worth accounts, the minimum is 100k.

Do yourself a favour. Shoot an email to the banks customer care address from their website asking about the procedure for buying treasury bills. You'll get the truth there. But if it's any of Diamond bank, first bank, skye bank, stanbic ibtc bank, GTBank and zenith bank, the minimum is 100k. For Diamond bank and skye bank, just draft a letter informing them to buy bills for you and take it to the customer care officer.
Re: Treasury Bills In Nigeria by HazzanTazzan(m): 9:35am On Jan 18, 2017
12fb:



Expect return of funds on Thursday before close of the day

ok thanks
Re: Treasury Bills In Nigeria by 40manlappy: 1:44pm On Jan 18, 2017
What are the last stop rates please?
Re: Treasury Bills In Nigeria by ETHIX(m): 2:57pm On Jan 18, 2017
We are waiting for feelamong to furnish us with the rate

1 Like

Re: Treasury Bills In Nigeria by Agbaletu: 3:59pm On Jan 18, 2017
I hope my 18.4% for 364 days will be successful.
Re: Treasury Bills In Nigeria by feelamong(m): 3:59pm On Jan 18, 2017
ETHIX:
We are waiting for feelamong to furnish us with the rate

Auctions were done today....

lets expect the rates by Morrow..

2 Likes 1 Share

Re: Treasury Bills In Nigeria by feelamong(m): 7:20am On Jan 19, 2017
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%

2 Likes

Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 7:44am On Jan 19, 2017
feelamong:
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%
Thanks...
Re: Treasury Bills In Nigeria by ETHIX(m): 8:22am On Jan 19, 2017
feelamong:
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%


Appreciate the prompt response
Re: Treasury Bills In Nigeria by DInkMan(m): 8:26am On Jan 19, 2017
Thanks @ Feelamong. u're always consistent. who has been debited? went with 18.5% for 364 days.

1 Like

Re: Treasury Bills In Nigeria by zamirikpo(m): 8:32am On Jan 19, 2017
why are the rates for 91 and 180days dropping.......?

anyways one of my investments would mature today, so i would be re-investing it sharp sharp.....before this rates drop any further, so guyz when is the next auction date.
Re: Treasury Bills In Nigeria by 40manlappy: 8:33am On Jan 19, 2017
@feelamong

Thanks boss

1 Like

Re: Treasury Bills In Nigeria by Winneygirl(f): 9:55am On Jan 19, 2017
The next auction date is Wednesday,1st February 2017
Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 12:46pm On Jan 19, 2017
First bank sha. The bank chose 18.1% for 364days auction.
Re: Treasury Bills In Nigeria by Houstency(m): 1:21pm On Jan 19, 2017
Jesusbabygirl:
First bank sha. The bank chose 18.1% for 364days auction.

They tried a bit considering that it was around 17 point before now. But always go for a bank were you could bid higher than the inflation rate, that's when you really make a profit.

1 Like

Re: Treasury Bills In Nigeria by babakess: 1:47pm On Jan 19, 2017
Wow ...That was really close!!!!.....My bid was 18.60 for 364days......I took the cake mehn.......

3 Likes

Re: Treasury Bills In Nigeria by c3000: 2:27pm On Jan 19, 2017
Can someone help out with this question please - If the CBN cut-off rate is say 14% and your bank bid at 13.9% but still won, what rate will your bank offer you the Tbills - 13.9 or 14.0?
Re: Treasury Bills In Nigeria by DInkMan(m): 2:35pm On Jan 19, 2017
c3000:
Can someone help out with this question please - If the CBN cut-off rate is say 14% and your bank bid at 13.9% but still won, what rate will your bank offer you the Tbills - 13.9 or 14.0?

13.9% only
Re: Treasury Bills In Nigeria by pyramid777(m): 4:03pm On Jan 19, 2017
i bidded for 182 days at 17.3%... i guess i didn't make the cut. what are my options guys ?
Re: Treasury Bills In Nigeria by feelamong(m): 4:10pm On Jan 19, 2017
pyramid777:
i bidded for 182 days at 17.3%... i guess i didn't make the cut. what are my options guys ?

You could either go to the secondary market or wait for the next Auction in the next 2 weeks
Re: Treasury Bills In Nigeria by Agbaletu: 5:34pm On Jan 19, 2017
Agbaletu:
I hope my 18.4% for 364 days will be successful.
It was successful.
I was charged Transaction Fee, Commission & Custody + Vat.
Re: Treasury Bills In Nigeria by samkay12(m): 6:37pm On Jan 19, 2017
Any one here bid with Stanbic Bank this week?
Those guys are bordering on buffonery these days.
They forced me to go with the bank rate and it looks like what they bid this week is more than what feelamong posted
Re: Treasury Bills In Nigeria by buba(m): 6:51pm On Jan 19, 2017
Did GTB do 17.95% for 364 days?
This is what I see from the interest paid me
Re: Treasury Bills In Nigeria by chyima(f): 6:59pm On Jan 19, 2017
Pls who did with Gtb ,they bidded on my behalf not to sure about the calculation for 182 days and I am arriving at 16.7% which is far below the stop rate.

Is it the normal PRT Formula to arrive @ interest?
Re: Treasury Bills In Nigeria by 0m00: 7:09pm On Jan 19, 2017
@Feelamong and everyone

Thank you for your contribution to this thread. Please do you reckon it would be wise to invest from Europe? That is, converting to naira, buying Treasury Bills and then converting back when the funds are returned by the bank?

Your thoughts will be highly appreciated.

feelamong:
Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%

1 Like

Re: Treasury Bills In Nigeria by chukzyfcbb: 7:12pm On Jan 19, 2017
the rates for 91days tbills ought to increase to 14.8% by now atleast to close the gap with 6months. I mean mutual funds from Fbn quest is already waxing strong with thier rates, luring impatient investors who do just 3months on tbills

Re: Treasury Bills In Nigeria by acorntree(m): 7:22pm On Jan 19, 2017
Agbaletu:

It was successful.
I was charged Transaction Fee, Commission & Custody + Vat.
is vat applicable to tbill?

mine was successful 17.5 % for 364 tenor. being first timer I'm still OK with it.

2 Likes 1 Share

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