lancee:
Pls house can you confirm , Gt bank said here was no Auction yester until next week

feelamong:


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:

obiak4:
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

obiak4:
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

obiak4:
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

feelamong:


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:

Daewoods:

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!

Daewoods:
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?

FADEO:
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

petikal:


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.

FADEO:

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.

FADEO:

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.

petikal:

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.

FADEO:


Is it possible to liquidate Tbills before the end of the tenure.

FADEO:


Is it possible to liquidate Tbills before the end of the tenure.

timothy001:
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

obiak4:
just walked into my bank this morning and was able to buy 91days tbil at 9.5percent and this is my first investment in tbills i hope the account officer work on it cos my acct. Has nt been debited keeping my fingers crossed

princeuk21:
oya drop ur question i can help out.

ControG:



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

petikal:
@nitrogen 11% for 91days?

That increase was bound to happen considering the consistent rise in inflation rate and uncertainty surrounding election activities.

ControG:


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