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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 feelamong(m): 11:06am On Oct 09, 2014 |
lancee: there was Auction Yesterday! I got this from my bankers; Dear xxxxx, The Treasury Bills auction held yesterday and we give below the outcome: PRIMARY AUCTION RESULTS TENOR STOP RATES 91 9.95% 182 10.30% 364 10.789% Please note that bidders either won or lost at their own quotes. Therefore, quotes higher than CBN stop rates were not successful: 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:19am On Oct 09, 2014 |
Rates are not quite encouraging these days. 2 Likes |
Re: Treasury Bills In Nigeria by obiak4(m): 11:30am On Oct 09, 2014 |
also to add to this i did not actually filled any for just a letter of application stating the tenor, rate, acct nos amount, and i signed my acct. Officer says they wil tak it frm there house pls is that hw it is done? Am a newbie pls ur contribution would be welcomed thnx @feelamong n co. 4 this thread |
Re: Treasury Bills In Nigeria by lancee(m): 12:51pm On Oct 09, 2014 |
feelamong: Thanks |
Re: Treasury Bills In Nigeria by angelo82: 2:27pm On Oct 09, 2014 |
obiak4: Its normal procedure since your instruction has clearly stipulated your principal,tenor,rate and account to be debited…. 1 Like |
Re: Treasury Bills In Nigeria by obiak4(m): 3:40pm On Oct 09, 2014 |
at angelos wish to inform the house that i hv jst been debited from my bank thnxs guy am on my way to d top i appereciate all the contributions and comments wish all of us a happy day ahead |
Re: Treasury Bills In Nigeria by angelo82: 4:12pm On Oct 09, 2014 |
obiak4: Goodluck! |
Re: Treasury Bills In Nigeria by princeuk21(m): 7:36pm On Oct 09, 2014 |
obiak4:enjoy and keep my share for me o |
Re: Treasury Bills In Nigeria by Daewoods(m): 2:46pm On Oct 11, 2014 |
feelamong:pls bro if i put in one or two million at the current market value....how much return would it be for 90 or 180 days for either of them? Being trying to work it out myself but not getting it. Thanks in advance! 2 Likes |
Re: Treasury Bills In Nigeria by confluence: 6:45pm On Oct 11, 2014 |
@Daewoods if you put in 2M for 90 days i think you should get N51,500, for 180 days you should get N103,000 for 1M @90 days should be N24,875 for 180days you should have N49,750 I hope am right experts in the house |
Re: Treasury Bills In Nigeria by petikal(m): 4:42am On Oct 13, 2014 |
All rates are calculated annually. That is, divide 365 by the days you wish to invest; then divide the corresponding interest rate by the result. 1mil investment for 91 days at 9.95% rate: Step 1: 365/91 = 4.01 Step 2: 9.95/4.01 = 2.48% Step 3: 1mil * (2.48/100) = N24,800 For 182 days on 2mil at 10.3% rate: Step 1: 365/182 = 2.00 Step 2: 10.3/2 = 5.15% Step 3: 2mil * (5.15/100) = N103,000 Daewoods: |
Re: Treasury Bills In Nigeria by Daewoods(m): 5:04am On Oct 13, 2014 |
Thanks @petikal and @confluence, learnt it now. Also if i want to invest, wud i be given a discount maybe of 5% of the one or two million, meaning i pay in 950k for 1m investment and 1.95m for 2m investment, right? |
Re: Treasury Bills In Nigeria by sammily(m): 1:52pm On Oct 13, 2014 |
Pls when is the next auction date? |
Re: Treasury Bills In Nigeria by Nobody: 3:09pm On Oct 13, 2014 |
I need to terminate my fix deposit in few days but the maturity date is next month,Can someone tell me if i will still have the full interest or what step do i take to avoid the big charge |
Re: Treasury Bills In Nigeria by petikal(m): 4:53pm On Oct 13, 2014 |
As far as I know, no discounts, just slightly different interest rates per tenor. Daewoods: |
Re: Treasury Bills In Nigeria by FADEO: 10:00am On Oct 14, 2014 |
please house, am an engineer to the core. But at the moment, am getting interested in treasury bills but dont know jack about Tbills. I have read through most of the comments. please I need certain clarification from the gurus in the house about 1. the difference between Tbill and Fixed deposit. 2. the advantages and disadvantages of one in relation to the other. 3. how do I go about investment in Tbills thank you in advance for the response |
Re: Treasury Bills In Nigeria by petikal(m): 4:55pm On Oct 14, 2014 |
FADEO: 1) Fixed Deposit (FD) is taxable. TBill isn't. Interest on FD is paid at the end of the term. TBill interest is paid upfront (i.e. at the beginning of your tenor). Your contract with a typical FD is with your Bank, who has a higher chance at folding and does trades/lending with your money. TBill is with CBN and your bank simply acts as your Rep. 2) For advantages/disadvantages, see points above. 3) Go to your bank and talk to a representative; they'll tell you how it's done. Some may try to dissuade you to go for FD instead as they (the bank) benefit more, but I advise you not to listen. 3 Likes |
Re: Treasury Bills In Nigeria by FADEO: 5:52pm On Oct 14, 2014 |
petikal:Thank you so much. I love the way u answered the question. I presently have FD running with stanbic ibtc. Will go there to find out about the TBill but pls before I go I will like to know the range of rate for Tbills for 1M. For FD I got 8.5 percent for 90 days. So wanna know if the Tbill is higher. |
Re: Treasury Bills In Nigeria by inze(m): 6:25pm On Oct 14, 2014 |
FADEO: See below for rates of the last Treasury Bill Auction TENOR STOP RATES 91 - 9.95% 182 - 10.30% 364 - 10.789% 3 Likes |
Re: Treasury Bills In Nigeria by petikal(m): 8:33pm On Oct 14, 2014 |
FADEO:See inze's post. TBill interests are usually higher by 1.5% to 3%, depending on the bank with the FD. Remember your interest on FD is taxed, while TBill isn't. 1 Like |
Re: Treasury Bills In Nigeria by FADEO: 8:15am On Oct 15, 2014 |
petikal: Is it possible to liquidate Tbills before the end of the tenure. |
Re: Treasury Bills In Nigeria by princeuk21(m): 10:07am On Oct 15, 2014 |
FADEO:yes |
Re: Treasury Bills In Nigeria by inze(m): 1:07pm On Oct 15, 2014 |
FADEO: Yes, but its not as easy as that of Fixed Deposit |
Re: Treasury Bills In Nigeria by jpphilips(m): 3:46pm On Oct 15, 2014 |
timothy001: leave it to maturity, it is not in your interest to terminate a fixed deposit, the hawks we call bankers will finish you. |
Re: Treasury Bills In Nigeria by ControG(m): 4:00pm On Oct 15, 2014 |
obiak4: Pls help what's your bank name and moreso, I want 2 know d min amt they accept for treasury bills there. Zenith bank staff in treasury dept. told me 1million naira is minimum there.. I want to invest lyk 120K on treasury |
Re: Treasury Bills In Nigeria by nitrogen(m): 6:05pm On Oct 15, 2014 |
The last OMO auction came out at 11%, this is an indication that we will see bills' rates at 11% levels soon, watch out! Who knows, we might get to 13% level by December. Who knows? Overall, foreign participation has reduced, and there has been less subcriptions these days, this should continue as we approach the election month. God dey! 2 Likes |
Re: Treasury Bills In Nigeria by ControG(m): 6:48pm On Oct 15, 2014 |
princeuk21: My question, I want to buy treasury bills worth 120k... which bank sells treasury bill of that range ( my bank zenith.sells Min naof 1m)... can I use writ cheque I'm favour of d bank m buying it.? Can I send some1 2 process d stuff for me as I really do not have time to leave my office that's why it's difficult to check oda banks rates..thx in anticipation of ur response |
Re: Treasury Bills In Nigeria by petikal(m): 6:57pm On Oct 15, 2014 |
@nitrogen 11% for 91days? That increase was bound to happen considering the consistent rise in inflation rate and uncertainty surrounding election activities. |
Re: Treasury Bills In Nigeria by petikal(m): 6:59pm On Oct 15, 2014 |
ControG:With that amount, you should be able to invest with First Bank. 1 Like |
Re: Treasury Bills In Nigeria by nitrogen(m): 7:19pm On Oct 15, 2014 |
petikal:OMO bills are mid-tenor bills, on the average, we should see rates at 11% soon, very soon. |
Re: Treasury Bills In Nigeria by obiak4(m): 7:37am On Oct 16, 2014 |
ControG:i bank with diamond bank jst walk in there bt u have to have account with any bank u want to bank with the minimum is 100k pls feel free to ask more ?? |
Re: Treasury Bills In Nigeria by obiak4(m): 7:43am On Oct 16, 2014 |
let the rate keep moving up i bought 9.5 bt 11 is good moreover i would advice we divesify a bit to the money market election is around the corner this guys r keeping raw cash at hand so my predictions are we are going to have rate going up up up up to moop the excess notes my 2cents |
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