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Treasury Bills In Nigeria - Investment (95) - 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 lancee(m): 5:24pm On Apr 17, 2015
feelamong:


I will be going in for 14%


Thanks sir
Re: Treasury Bills In Nigeria by silvoice(m): 5:31pm On Apr 17, 2015
Hi my good people of NL, I have apply for TB today against 23/4/15 at fbn. As a beginer, I have to go with bank rate. Didn,t even bother to ask d rate, but hope to get a good rate since dey would be bidding on my behalf. Thanks to u all 4 introducing me into this.

1 Like

Re: Treasury Bills In Nigeria by inze(m): 8:02pm On Apr 17, 2015
pappilo:
I have some Tbills which I bought through GT in December at 15% if I remember correctly. I now urgently need to cash it in before term (3½ months in). How do I go about this and how quickly can this be done?

Need the cash pronto!

It's do-able but not as quick as 'pronto'
Re: Treasury Bills In Nigeria by Seun(m): 8:35pm On Apr 17, 2015
feelamong:


speak to your bankers...it will be discounted for you asap!
Some banks say they can't offer that e.g. Zenith. Which bank has done this for you before?
Re: Treasury Bills In Nigeria by Zeiya(f): 9:03pm On Apr 17, 2015
I applied for TBills this morning at first bank against next week auction. I received a debit alert from them this evening. please is this how it is done? This is my first time
Re: Treasury Bills In Nigeria by Desanta(m): 10:09pm On Apr 17, 2015
Zeiya:
I applied for TBills this morning at first bank against next week auction. I received a debit alert from them this evening. please is this how it is done? This is my first time

That is how it is done.
Re: Treasury Bills In Nigeria by Zeiya(f): 10:23pm On Apr 17, 2015
Desanta:


That is how it is done.
thanks very much angry
Desanta:


That is how it is done.
thanks very much
Re: Treasury Bills In Nigeria by Houstency(m): 12:07am On Apr 18, 2015
*.
Re: Treasury Bills In Nigeria by princeuk21(m): 12:45am On Apr 18, 2015
silvoice:
Hi my good people of NL, I have apply for TB today against 23/4/15 at fbn. As a beginer, I have to go with bank rate. Didn,t even bother to ask d rate, but hope to get a good rate since dey would be bidding on my behalf. Thanks to u all 4 introducing me into this.
you are welcome
Re: Treasury Bills In Nigeria by princeuk21(m): 12:51am On Apr 18, 2015
Houstency:
Goodday masters in the house.. Please, with the imminent change in government, would this period be a better time to buy Tbills, and for the gurus in the house, which bank has the best rate for now?? Thanks... I am newbie on Tbills, just trying to gather information before i invest my money.


1) its safe to invest now. (the issue is that the rates will soon start falling down).

2) you can check out first bank.

3) do well to read more on Nigeria Treasury Bills as a beginner ( this thread can help you with that).

smiley
Princeuk21.
Re: Treasury Bills In Nigeria by Ureeee(f): 5:09pm On Apr 18, 2015
UBA also has great rates for Tbills
Re: Treasury Bills In Nigeria by Gistdutch: 10:05pm On Apr 18, 2015
Pls in what ration can X naira be best invested on both tresury bill and stock (4 @least 6Month upward)
Re: Treasury Bills In Nigeria by Houstency(m): 11:44pm On Apr 18, 2015
*.
Re: Treasury Bills In Nigeria by gabe: 1:10am On Apr 19, 2015
I want to ask one mumu question, please bear with me. If one buys TBs at a certain %, say 13% for 91 days, can d govt thru CBN just up n say, TB interest rates r too high n cut it to say 5%? Or worse still, redominate d naira n ur 5 mill for instance bcome 50k?

3 Likes

Re: Treasury Bills In Nigeria by lancee(m): 1:55am On Apr 19, 2015
grin
Re: Treasury Bills In Nigeria by silvoice(m): 12:10pm On Apr 19, 2015
gabe:
I want to ask one mumu question, please bear with me. If one buys TBs at a certain %, say 13% for 91 days, can d govt thru CBN just up n say, TB interest rates r too high n cut it to say 5%? Or worse still, redominate d naira n ur 5 mill for instance bcome 50k?
grin this mumu question needs mumu response, gurus help

2 Likes

Re: Treasury Bills In Nigeria by princeuk21(m): 7:14pm On Apr 19, 2015
Gistdutch:
Pls in what ration can X naira be best invested on both tresury bill and stock (4 @least 6Month upward)
it all depends on your risk appetite, do you like taking financial risk?

1 Like

Re: Treasury Bills In Nigeria by princeuk21(m): 7:18pm On Apr 19, 2015
Houstency:
Thanks @Princeuk and @Ureee..
@Princeuk.. This is my fear, that the new government may alter the old rate in which the Tbills where sold and may not want to pay up the completely the money invested in the first instance( maybe claiming corruption, as the reason for his actions). Thanks for your advice, as i have already started reading the thread from page one. Sorry, i'm being skeptical here, but do please reply me based on your experience. Other gurus in the house, please help out.
lol cheesy your money is safe but make sure you go through the thread so as to enable you know when to invest and when to pull out remember its your money and you alone can choose when and where to invest it wink



Princeuk21
Re: Treasury Bills In Nigeria by princeuk21(m): 7:31pm On Apr 19, 2015
gabe:
I want to ask one mumu question, please bear with me. If one buys TBs at a certain %, say 13% for 91 days, can d govt thru CBN just up n say, TB interest rates r too high n cut it to say 5%? Or worse still, redominate d naira n ur 5 mill for instance bcome 50k?
lol this is truly a funny question cheesy . OK, I'll answer your question.

1) if you read the thread from page one you will never ask this question.

2) yes the govt can get up and say the rate is now 5% depending on the Economical condition of the state but that will be after the govt pays back your full principal. (naira depreciation and inflation can reduce the value of your money but that is another topic and a long story so no need to go deep into that but if you read from page 1 to this current page you will gain more insight).

3) the only risk here is in the case of a civil war.

4) Read from page one and don't ask this "MUMU" question else hmmmmm. cheesy .


Princeuk21
Re: Treasury Bills In Nigeria by Ureeee(f): 5:27am On Apr 20, 2015
Your money remains safe and that is why T bills are seen as attractive. Remember you get your upfront interest payment immediately
Re: Treasury Bills In Nigeria by Gistdutch: 10:20am On Apr 20, 2015
YES
princeuk21:
it all depends on your risk appetite, do you like taking financial risk?
Re: Treasury Bills In Nigeria by Nobody: 10:35am On Apr 20, 2015
Marpol:
Got N37k for 91 days. First Bank 10%.
how much did u invest
Re: Treasury Bills In Nigeria by Zeiya(f): 10:43am On Apr 20, 2015
JudismphD:
how much did u invest
This particular question has been answered in previous posts. Just read on from where you saw the post.
Re: Treasury Bills In Nigeria by princeuk21(m): 1:32pm On Apr 20, 2015
Gistdutch:
YES
shares should take 60% treasury bills should take 40%.
Re: Treasury Bills In Nigeria by Desanta(m): 1:40pm On Apr 20, 2015
Zeiya:

This particular question has been answered in previous posts. Just read on from where you saw the post.

True talk.
Re: Treasury Bills In Nigeria by Ugosample(m): 6:41pm On Apr 20, 2015
Good day house, after almost two years of following this thread, I finally took the leap today to bid through GTBank this evening. I went for the bank rate.
@feelamong and others, good work......
But wait o! what rate will I be given because I opted for bank rate?
Re: Treasury Bills In Nigeria by ernie4life(m): 6:53pm On Apr 20, 2015
am biding 10.5% for 91days, what do u think house?
Re: Treasury Bills In Nigeria by Desanta(m): 7:34pm On Apr 20, 2015
ernie4life:
am biding 10.5% for 91days, what do u think house?

OK.
Though I would have gone for 10.8%.
Re: Treasury Bills In Nigeria by Zeiya(f): 9:16pm On Apr 20, 2015
ernie4life:
am biding 10.5% for 91days, what do u think house?
I will go for 10.2%
Re: Treasury Bills In Nigeria by princeuk21(m): 9:36pm On Apr 20, 2015
ernie4life:
am biding 10.5% for 91days, what do u think house?
the rate is ok
Re: Treasury Bills In Nigeria by kayeyes: 1:14pm On Apr 21, 2015
Hello house, I want to bid for 14% for 182 days. Please is that a good bid? i am bidding thru Mansard insurance. this is my first time. wink.

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