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Treasury Bills In Nigeria - Investment (306) - 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 OakPearl(m): 3:04pm On May 22, 2017
kwallet:

I haven't been debited by stanbic, could this means the bid didn't went through.
As long as Stanbic debited me, I believe their bid being the same bankwide must have gone through.
I suggest you be patient or visit your branch for further clarification on Monday.
Cheers.

2 Likes

Re: Treasury Bills In Nigeria by Nobody: 5:45pm On May 22, 2017
Please house, when is the next auction date for TB
Re: Treasury Bills In Nigeria by xcitedjay(m): 7:12pm On May 22, 2017
PhilJames:
Good Morning guys

Please help, am confused here. I feel I was cheated.

I went to GTB and requested to invest 200k in TB for 91 days and I was debited 193,318. Please at what rate was the transaction?

Thanks

Your 200k would have been more profitable to you in a Money Market Fund

2 Likes

Re: Treasury Bills In Nigeria by iyerenath(m): 8:47pm On May 22, 2017
xcitedjay:


Your 200k would have been more profitable to you in a Money Market Fund
pls how do u mean sir??
Re: Treasury Bills In Nigeria by baloba(m): 11:30pm On May 22, 2017
feelamong:


I do Ripple, Litecoin, NEM, Ethereum, Dash and Stellar...

Infact any one that is hot!

PLEASE ONCE AGAIN LETS NOT DERAIL THIS THREAD...

lets discuss Cryptos on the thread below..

https://www.nairaland.com/3657807/bitcoins-all-bitcoins-investment-bitcoin

You get ripple to sell?
Re: Treasury Bills In Nigeria by chukzyfcbb: 12:33am On May 23, 2017
almost 10k in fees , custodian fee, commission fee and co from first bank. I no dey understand how these guys take dey calculate these charges again

Who else has calculated his fees and didn't tally with what the bank deducted?
Re: Treasury Bills In Nigeria by kwallet: 1:00am On May 23, 2017
OakPearl:

As long as Stanbic debited me, I believe their bid being the same bankwide must have gone through.
I suggest you be patient or visit your branch for further clarification on Monday.
Cheers.
I got did debited today. Thanks.
Re: Treasury Bills In Nigeria by johnhack: 1:33pm On May 23, 2017
pls is firstbank currently offering TB for secondary market?
Re: Treasury Bills In Nigeria by Dollabiz: 2:40pm On May 23, 2017
Keep up
Re: Treasury Bills In Nigeria by bouncino(m): 3:22pm On May 23, 2017
johnhack:
pls is firstbank currently offering TB for secondary market?
Yes.
Re: Treasury Bills In Nigeria by olujaidi: 4:10pm On May 23, 2017
.
Re: Treasury Bills In Nigeria by obaataaokpaewu: 9:07pm On May 23, 2017
does fidelity bank sell TB?
Re: Treasury Bills In Nigeria by PinocchioDMZ: 6:13am On May 24, 2017
obaataaokpaewu:
does fidelity bank sell TB?

Yes
Re: Treasury Bills In Nigeria by Zeiya(f): 12:28pm On May 24, 2017
obaataaokpaewu:
does fidelity bank sell TB?



Yes they do. I enquired from their branch at Iyana Ipaja Lagos and they told me i should have minimum of 1Million for it.

1 Like

Re: Treasury Bills In Nigeria by ojialo(m): 12:35pm On May 24, 2017
baloba:

You get ripple to sell?
how much is ripple today?
Re: Treasury Bills In Nigeria by johnhack: 3:07pm On May 24, 2017
bouncino:

Yes.



but went to firstbank today.. they said no..pls where do you do urs
Re: Treasury Bills In Nigeria by johnhack: 4:20pm On May 24, 2017
This secondary market is too good...was given 18% for 22 days.I pray no hidden charges attached
Re: Treasury Bills In Nigeria by Nobody: 4:57pm On May 24, 2017
johnhack:

This secondary market is too good...was given 18% for 22 days.I pray no hidden charges attached
Which bank please?
Re: Treasury Bills In Nigeria by deepwater(f): 5:19pm On May 24, 2017
johnhack:

This secondary market is too good...was given 18% for 22 days.I pray no hidden charges attached

Hope peeps ain't looking at this thing from one end only (the rate offered)?

What about the tenor? By my lil understanding, one may need a very large fund maybe like 3m to get an interest of 31k considering 18% @ 22days. Comparing interest to principal is like David and golliath.

Primary market, longer tenure makes your pocket wet you know cool
Maybe I might just be wrong though.

5 Likes

Re: Treasury Bills In Nigeria by PinocchioDMZ: 8:27pm On May 24, 2017
deepwater:


Hope peeps ain't looking at this thing from one end only (the rate offered)?

What about the tenor? By my lil understanding, one may need a very large fund maybe like 3m to get an interest of 31k considering 18% @ 22days. Comparing interest to principal is like David and golliath.

Primary market, longer tenure makes your pocket wet you know cool
Maybe I might just be wrong though.

You are right. People shud consider longer tenor.

S.I= PRT/100.

18% of 1,000,000 for 22days will give you 10,849 while

18% of 1,000,000 for 364days will give you 180,000.

Please always bid for a higher rate and longer tenor for higher benefit. My little Kobo.

4 Likes

Re: Treasury Bills In Nigeria by obaataaokpaewu: 10:03pm On May 24, 2017
Zeiya:




Yes they do. I enquired from their branch at Iyana Ipaja Lagos and they told me i should have minimum of 1Million for it.
lol.... no be only 1 million, na 30 billion for the akant. Just the logistics transferring money from one bank to the other. will go and confirm from their branch here, if they say the same, I will reactivate my first bank account
Thanks for the info
Re: Treasury Bills In Nigeria by rayornb(m): 11:41pm On May 24, 2017
Hello house, please i'm new on the issue of this treasury bills, i'm use to NSE.
Please what will be the interest on #500,000 investment for about 182days assuming it's with StanbicIBTC 17.5%.
Thank you
Re: Treasury Bills In Nigeria by zamirikpo(m): 3:29am On May 25, 2017
rayornb:
Hello house, please i'm new on the issue of this treasury bills, i'm use to NSE.
Please what will be the interest on #500,000 investment for about 182days assuming it's with StanbicIBTC 17.5%.
Thank you

ur interest would be N43,750.....before deductions. after deductions u would still have about 43k.

1 Like

Re: Treasury Bills In Nigeria by RealityShot: 7:57am On May 25, 2017
iyerenath:
pls how do u mean sir??
most mutual funds are paying 17% rates and they pay every 3months

so if you put 200k in an MMF it will pay at 17% rates after 91days not 13% as in primary market.

1 Like

Re: Treasury Bills In Nigeria by deepwater(f): 9:09am On May 25, 2017
okochaik:
Please house, when is the next auction date for TB
Someone please respond

1 Like

Re: Treasury Bills In Nigeria by Cation(m): 9:20am On May 25, 2017
deepwater:

Someone please respond
it should be next Tuesday according to what a stanbicIbtc staff told me last week
Re: Treasury Bills In Nigeria by deepwater(f): 9:34am On May 25, 2017
Cation:
it should be next Tuesday according to what a stanbicIbtc staff told me last week

Merci Mon ami
Re: Treasury Bills In Nigeria by Santino1(m): 9:42am On May 25, 2017
RealityShot:

most mutual funds are paying 17% rates and they pay every 3months

so if you put 200k in an MMF it will pay at 17% rates after 91days not 13% as in primary market.

Wrong. MMF is also rated per annum

1 Like

Re: Treasury Bills In Nigeria by Happyfellow147: 10:03am On May 25, 2017
Someone talked to me about investment banking and said it offers 2.5% monthly. Please who can explain more on this and is it better than TB?
Re: Treasury Bills In Nigeria by xcitedjay(m): 10:47am On May 25, 2017
iyerenath:
pls how do u mean sir??

MMF rates are currently between 17% and 18%
Re: Treasury Bills In Nigeria by RealityShot: 1:47pm On May 25, 2017
Santino1:

Wrong. MMF is also rated per annum
lol.. The 13% in primary market is per annum thats 3.25% in 90days
the 17% in MMF is also per annum thats 4.25% in 90days..
see the difference now?

2 Likes

Re: Treasury Bills In Nigeria by RealityShot: 1:50pm On May 25, 2017
Happyfellow147:
Someone talked to me about investment banking and said it offers 2.5% monthly. Please who can explain more on this and is it better than TB?
please what did the person tell you about it? How is it done?

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