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Treasury Bills In Nigeria - Investment (94) - 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 princeuk21(m): 11:13pm On Apr 10, 2015
Epphy:
Sir,

What biz can one do with such amount and get such profit daily? I am interested oo.

Thanks

I'll ask you to look around you. The hot selling product in my location may not be the same with that of yours. When there is a will there is always a way. Be careful not to fall victim of those quick and fast money business guys. Dont even think of playing gamble with that startup capital. I wish you Good luck.

PrinceUK21
Re: Treasury Bills In Nigeria by Nobody: 8:52am On Apr 11, 2015
hi everyone
please how many percent will I get if I invest 400k for 365 days and 90 days respectively?
or how is the percentage calculated?
Re: Treasury Bills In Nigeria by xplicit01(f): 10:42pm On Apr 11, 2015
...LOL

1 Like

Re: Treasury Bills In Nigeria by xplicit01(f): 10:47pm On Apr 11, 2015
mctifey:
hi everyone
please how many percent will I get if I invest 400k for 365 days and 90 days respectively?
or how is the percentage calculated?

...i'm afraid but u may never get any if u don't GO BACK and READ THROUGH THE THREAD!

1 Like

Re: Treasury Bills In Nigeria by unite4real: 1:02pm On Apr 14, 2015
lancee:


I think if u multiply that amt by 3 , then multiply by 10 u shld get the approx Answer
I Hope am correct

multiply by 4 not 3
Re: Treasury Bills In Nigeria by lancee(m): 1:12pm On Apr 14, 2015
unite4real:


multiply by 4 not 3


Noted
Re: Treasury Bills In Nigeria by Gistdutch: 1:51pm On Apr 14, 2015
Pple kindly advice. I bidded for last TB on the 9th April,2015. My account was debited same day but up till this morning I didn't get any alert for my interest and I decided to go to my Branch. Upon get their the man in charge said the bidding was not successful and that my money cannt be return to my account cos its been set aside for next bidding. My challenge now is having access to my money for other investment. What do I do cos time is money. I cannt understand why my money will held onto without interest.You candid advice is welcom thanks House
Re: Treasury Bills In Nigeria by angelo82: 1:55pm On Apr 14, 2015
If your bid was not successful,they have to credit your account with your fund and they can't set your money aside for next bidding without your consent.......Funny story though.......



Gistdutch:
Pple kindly advice. I bidded for last TB on the 9th April,2015. My account was debited same day but up till this morning I didn't get any alert for my interest and I decided to go to my Branch. Upon get their the man in charge said the bidding was not successful and that my money cannt be return to my account cos its been set aside for next bidding. My challenge now is having access to my money for other investment. What do I do cos time is money. I cannt understand why my money will held onto without interest.You candid advice is welcom thanks House
Re: Treasury Bills In Nigeria by Marpol: 1:58pm On Apr 14, 2015
angelo82:
If your bid was not successful,they have to credit your account with your fund and they can't set your money aside for next bidding without your consent.......Funny story though.......




Quiet surprised at this. Guy go back there and shout them down. The alert will come in instantly. Pure daylight robbery.
Re: Treasury Bills In Nigeria by Elai147: 6:58pm On Apr 14, 2015
Gistdutch:
Pple kindly advice. I bidded for last TB on the 9th April,2015. My account was debited same day but up till this morning I didn't get any alert for my interest and I decided to go to my Branch. Upon get their the man in charge said the bidding was not successful and that my money cannt be return to my account cos its been set aside for next bidding. My challenge now is having access to my money for other investment. What do I do cos time is money. I cannt understand why my money will held onto without interest.You candid advice is welcom thanks House

Unbelievable..., u need to go back to their office and throw some chairs in the air. Order them to credit your money in your account. It is not done anywhere.
Re: Treasury Bills In Nigeria by Elai147: 7:01pm On Apr 14, 2015
angelo82:
If your bid was not successful,they have to credit your account with your fund and they can't set your money aside for next bidding without your consent.......Funny story though.......

Funny story, indeed.
Re: Treasury Bills In Nigeria by Gistdutch: 9:59pm On Apr 14, 2015
Thanks every1 4 ur contribution. I went back to meet the branch manager and she ordered the refund of my Money. And gotten the alert this eveny. Cheers

2 Likes

Re: Treasury Bills In Nigeria by princeuk21(m): 1:01am On Apr 15, 2015
Gistdutch:
Thanks every1 4 ur contribution. I went back to meet the branch manager and she ordered the refund of my Money. And gotten the alert this eveny. Cheers
which bank is that?
Re: Treasury Bills In Nigeria by just2endowed: 8:15am On Apr 15, 2015
Gistdutch:
Thanks every1 4 ur contribution. I went back to meet the branch manager and she ordered the refund of my Money. And gotten the alert this eveny. Cheers

Yes which kind of bank is that
Re: Treasury Bills In Nigeria by Grace2love: 9:40am On Apr 16, 2015
Pls, fellow nairalanders, when is the next bidding day for treasury bill?
Re: Treasury Bills In Nigeria by umulobi: 12:28pm On Apr 16, 2015
Today 16/04/15 is a bidding day.Just got interest alert this morning frm FBN.But I fink d rate is quite low @ 13.1% for 182 days.....too low.
Re: Treasury Bills In Nigeria by Nobody: 12:37pm On Apr 16, 2015
umulobi:
Today 16/04/15 is a bidding day.Just got interest alert this morning frm FBN.But I fink d rate is quite low @ 13.1% for 182 days.....too low.
Wait oo, I thought the next auction will be next week?
Re: Treasury Bills In Nigeria by lancee(m): 1:48pm On Apr 16, 2015
Was told by zenith its on the 21st
Re: Treasury Bills In Nigeria by umulobi: 4:23pm On Apr 16, 2015
Had a successful bidding today by Firstbank.......hav received interest already.
Re: Treasury Bills In Nigeria by silvoice(m): 6:35pm On Apr 16, 2015
Hi NLanders, I want 2 open a TB acount with N500,000 at FBN capital. They said d minimum is N1m and I don,t have up to dat amount. So dey wnt me to invest in Fix deposit. Pls advice me
Re: Treasury Bills In Nigeria by Desanta(m): 7:05pm On Apr 16, 2015
silvoice:
Hi NLanders, I want 2 open a TB acount with N500,000 at FBN capital. They said d minimum is N1m and I don,t have up to dat amount. So dey wnt me to invest in Fix deposit. Pls advice me

Go to first bank instead. The minimum they accept is a 100k.
Re: Treasury Bills In Nigeria by Nobody: 7:07pm On Apr 16, 2015
silvoice:
Hi NLanders, I want 2 open a TB acount with N500,000 at FBN capital. They said d minimum is N1m and I don,t have up to dat amount. So dey wnt me to invest in Fix deposit. Pls advice me
Forget FBN Capital. Just walk into any first bank branch and open a savings account with them(that's if you don't have one). Tell them you want to apply for treasury bill and they'll give you a form to fill. Their minimum amount is 100k.

Happy investing

1 Like

Re: Treasury Bills In Nigeria by silvoice(m): 8:42pm On Apr 16, 2015
Royal155:

Forget FBN Capital. Just walk into any first bank branch and open a savings account with them(that's if you don't have one). Tell them you want to apply for treasury bill and they'll give you a form to fill. Their minimum amount is 100k.

Happy investing
thanks
Re: Treasury Bills In Nigeria by NNBB2012: 3:43am On Apr 17, 2015
Is it a good advise to buy TB through Zenith bank and what is the minimum amount for that?
Re: Treasury Bills In Nigeria by micktoxin(m): 4:54am On Apr 17, 2015
umulobi:
Today 16/04/15 is a bidding day.Just got interest alert this morning frm FBN.But I fink d rate is quite low @ 13.1% for 182 days.....too low.
13.1% too low? Wow. One question, is the 13.1 equated with inflation? For comparison, last year was typically around 2.4% in USA(Though China was partly to blame for that)

Nigerian government needs to taper off on the high interest Tbill tho.(Guess that won't be popular here).
Re: Treasury Bills In Nigeria by micktoxin(m): 5:22am On Apr 17, 2015
Inside info for those interested.Those into international market will know India, Brazil, Norway and New Zealand has historically been one of the best market for Tbill and bonds investment. Anyways, the gossip being mustered in wall street and London yesterday was that SEBI of India might allow FPI to have some cuts of Tbill bidding by tuesday. I would imagine there would be a rush to get a hand on this, so keep an eye out for any latest on bloomberg or economic times india.

Regards all.
Re: Treasury Bills In Nigeria by feelamong(m): 10:02am On Apr 17, 2015
micktoxin:

13.1% too low? Wow. One question, is the 13.1 equated with inflation? For comparison, last year was typically around 2.4% in USA(Though China was partly to blame for that)

Nigerian government needs to taper off on the high interest Tbill tho.(Guess that won't be popular here).

Its just a matter of time....the rates will definitely stand to taper down soonest. I will advise those with funds to lock in for 364 days in the next auction. The political climate is now fully calm.....a few concerns by the FI is just the naira devaluation which many believes should trade at N220.

Once that one is cleared by the body language and actions of the next govt which I know will never devalue Naira, then we shall be looking at sub 8% rates once again....

2 Likes

Re: Treasury Bills In Nigeria by lancee(m): 10:54am On Apr 17, 2015
feelamong:


Its just a matter of time....the rates will definitely stand to taper down soonest. I will advise those with funds to lock in for 364 days in the next auction. The political climate is now fully calm.....a few concerns by the FI is just the naira devaluation which many believes should trade at N220.

Once that one is cleared by the body language and actions of the next govt which I know will never devalue Naira, then we shall be looking at sub 8% rates once again....


Oga Feelamong what rate do you think one can bid for 364 days

Thanks
Re: Treasury Bills In Nigeria by pappilo(m): 5:00pm On Apr 17, 2015
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!
Re: Treasury Bills In Nigeria by feelamong(m): 5:20pm On Apr 17, 2015
lancee:



Oga Feelamong what rate do you think one can bid for 364 days

Thanks

I will be going in for 14%
Re: Treasury Bills In Nigeria by feelamong(m): 5:21pm 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!

speak to your bankers...it will be discounted for you asap!
Re: Treasury Bills In Nigeria by pappilo(m): 5:23pm On Apr 17, 2015
feelamong:


speak to your bankers...it will be discounted for you asap!

Thanks.

I was getting a bit worried as I emailed them in the morning and no response since. Fingers crossed.

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