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How To Invest In Nigerian Treasury Bills - Investment - Nairaland

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How To Invest In Nigerian Treasury Bills by Uchefrancis16(m): 10:12pm On May 03, 2017
Are you satisfied with what you've read and want to invest in Tbills? Your question maybe when is the next tbills auction coming up? TBills calendar is here to help you. It comes up every two weeks. Read on to learn more...

==>1. It's easy. You just have to pick a bank of choice. I prefer Stanbic IBTC as they have the best rate for tbills in Nigeria. Although Firstbank, Fidelity, GTBank, access bank, diamond bank and the rest is also a good hit. Zenith na nogo area... Their rates are usually low.

==>2. After choosing a bank, its time to head over, and open an account with them using your ID card and NEPA bills or as required by the bank.

==>3. Load the account with the supposed amount you wish to invest in treasury bills and then wait for the auction week.

Note; as stated earlier, Nigerian treasury bills auction usually come by every 2 weeks. As at the time of publishing this post, the last auction was April 20th, 2017. So you can project by 2 weeks and do the maths to know the next auction. See the table below.
Nigerian Treasury Bills calendar
Nigerian Treasury Bills calendar
==>4. After loading the account, and knowing the auction week, just head over to any branch of your chosen bank on the Monday of the auction week to inform them about your interest in investing into TBills.

Bids are usually submitted by the banks to CBN on a Wednesday, but the deals are effected on a Thursday. Ideally, it is better to submit the application latest on Monday preceding the auction day. To enable your bank compile it on time.

It will also be good to do it on time if you want to invest in the primary market instead of secondary market. Because the new rules placing the minimum TBills investment amount to 50 million makes the banks match up interested parties amount to reach 50 million and then invest on their behalf. If otherwise, then you will be left with the secondary market for your treasury bill.

==>5. They will give you a form with provision to fill in your Face Value ( the amount you wish to invest in the TBills), rate, name, account number etc coupled with other forms containing terms and conditions for agreement and signing.

==>6. When done, submit and that's all. You will get a call regarding the rate before the bids are placed.

Source: http://www.techdavids.com/2017/04/how-to-invest-in-nigerian-treasury-bills.html

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