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Treasury Bills In Nigeria - Investment (13) - 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 feelamong(m): 4:03pm On Oct 04, 2012
http://af.reuters.com/article/nigeriaNews/idAFL6E8L4E4B20121004

Nigeria plans 172 bln naira T-bill auction

LAGOS Oct 4 (Reuters) - Nigeria plans to issue 171.83 billion naira ($1.09 billion) in treasury bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction on Oct. 11, the central bank said on Thursday.

The regulator said it will issue 30.16 billion naira in 91-day paper, 73.49 billion naira in 182-day bills and 68.18 billion naira in the 364-day paper next week.

Traders said the 1-year paper is oversubscribed by offshore investors and local pension funds, which have shown robust demand for local debt after it was included in the JP Morgan government index this week.

Nigeria issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity. ($1 = 157.12 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks
Re: Treasury Bills In Nigeria by Ojix85: 9:19am On Oct 06, 2012
feelamong:

Finally was able to confirm from my guys working in Access Bank Plc. There is actually no such product with 14% Interest rates!

Well, thank God i didn't fall for it then... Someone, somewhere must have been up to something..
Here's the attachment i got with the mail. Thanks.

I had to cut the image... The original is too large to post.

Re: Treasury Bills In Nigeria by jamace(m): 10:34pm On Oct 08, 2012
Kool bizness.
Re: Treasury Bills In Nigeria by feelamong(m): 8:15am On Oct 11, 2012
CBN STOP RATES FOR TREASURY BILLS AUCTION 10/10/2012

91 DAYS - 13.13%

181 DAYS - 13.34%

364 DAYS - 13.38%

Rates not looking too bad! but it seems we have more money pursuing the long dated Bills! cool
Re: Treasury Bills In Nigeria by mymadam(m): 11:38am On Oct 11, 2012
feelamong: CBN STOP RATES FOR TREASURY BILLS AUCTION 10/10/2012

91 DAYS - 13.13%

181 DAYS - 13.34%

364 DAYS - 13.38%

Rates not looking too bad! but it seems we have more money pursuing the long dated Bills! cool

Foreign investors? God bless Nigeria.
Re: Treasury Bills In Nigeria by feelamong(m): 12:22pm On Oct 11, 2012
mymadam:

Foreign investors? God bless Nigeria.


Yea Foreign Investors!!! They make the world go round! Just take a look at the Stock Market and see how they have ignited a big bon fire there! Even dead banks are gaining in share price every day!!

grin
Re: Treasury Bills In Nigeria by peterowode: 1:08pm On Oct 11, 2012
have been hearing of treasury bills for some time now,and i would like to know more about it, but is it better than fixed deposits
Re: Treasury Bills In Nigeria by coolguyz(m): 1:46pm On Oct 11, 2012
feelamong: CBN STOP RATES FOR TREASURY BILLS AUCTION 10/10/2012

91 DAYS - 13.13%

181 DAYS - 13.34%

364 DAYS - 13.38%

Rates not looking too bad! but it seems we have more money pursuing the long dated Bills! cool

91 day bill stop rate was 13.0% and not 13.13%. . . .i believe that must have been an error!
Re: Treasury Bills In Nigeria by feelamong(m): 2:12pm On Oct 11, 2012
coolguyz:

91 day bill stop rate was 13.0% and not 13.13%. . . .i believe that must have been an error!

You are very correct Sir! I think i got my self mixed up!
Re: Treasury Bills In Nigeria by feelamong(m): 2:13pm On Oct 11, 2012
peterowode: have been hearing of treasury bills for some time now,and i would like to know more about it, but is it better than fixed deposits

bro..take time and read thru the thread! For sure this Tbills is far better than any Fixed deposit!
Re: Treasury Bills In Nigeria by feelamong(m): 4:03pm On Oct 11, 2012
http://af.reuters.com/article/nigeriaNews/idAFL6E8LBGHJ20121011

Nigeria issues 172 bln naira Tbills, yields up 30 bps


LAGOS Oct 11 (Reuters) - Nigeria sold 171.83 billion naira ($1.09 bln) in treasury bills with maturities ranging from three months to 1-year, the central bank said on Thursday, and yields were up 30 basis points compared with rates at the previous auction.

The central bank sold 30.16 billion naira of 91-day paper at a yield of 13 percent, higher than the 12.7 percent offered at the last auction.

It sold 73.49 billion naira in 182-day paper at 13.34 percent, more than 30 basis point above the 13 percent previously, while it issued 68.18 billion naira in 1-year paper at 13.38 percent, an increase from 13.05 percent last month.

Total subscriptions stood at 356.07 billion naira, compared with 238.30 billion naira at the last auction, while demand for the 1-year note was strongest, at 159.26 billion naira.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity. ($1 = 157.20 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks)
Re: Treasury Bills In Nigeria by tanipenny: 5:01pm On Oct 11, 2012
Ojix85:

@Feelamong:

Pls introduce me to your account manager. Need some help here.
Re: Treasury Bills In Nigeria by feelamong(m): 7:41am On Oct 12, 2012
[quote author=tanipenny][/quote]

sent!!
Re: Treasury Bills In Nigeria by Desanta(m): 9:11pm On Oct 13, 2012
Hi guys,
I have some questions.
1) When you buy T-Bills are you agiven acertificate or something to prove that you bought the T-Bills? I bought through First bank even though my account was credited,I was given nothing. I feel I should have something to hold as proof.
2) When you buy T-Bills and specify that the capital should be rolled over every 91 days, how do you stop this roll over and get your money out, for whatever reason when it matures.
Thankxs in advance.

1 Like

Re: Treasury Bills In Nigeria by mymadam(m): 9:16am On Oct 14, 2012
Desanta: Hi guys,
I have some questions.
1) When you buy T-Bills are you agiven acertificate or something to prove that you bought the T-Bills? I bought through First bank even though my account was credited,I was given nothing. I feel I should have something to hold as proof.
2) When you buy T-Bills and specify that the capital should be rolled over every 91 days, how do you stop this roll over and get your money out, for whatever reason when it matures.
Thankxs in advance.

1. Yes, you should be given a Certificate... you may need to use it as a collateral for a loan at a point in time. As soon as I submitted my first NTB request letter at my Diamond Bank branch, I immediately asked for a certificate, and I was given one about 4 days later. Since then I am always given a Certificate any time I win at the 'NTB auction'. You therefore only need to ask for it, IMHO.

2. I guess you simply need to submit a letter to change your original instruction to First Bank BEFORE your current capital matures. That should do it.

As for the future, my advice is that you consider instructing your bank via an NTB request letter to invest your capital for 91 days only, in the first instance. You thereafter only need to renew the instruction via a new letter, if you wish to re-invest... that's what I do anyway and it works well for me. I wonder what other NTB investors think. God bless Nigeria.

3 Likes

Re: Treasury Bills In Nigeria by Felzzz: 10:27am On Oct 14, 2012
feelamong:

sent!!

Are you on SMN? You have done a great work here. Cheers.
Re: Treasury Bills In Nigeria by feelamong(m): 9:02pm On Oct 14, 2012
Felzzz:

Are you on SMN? You have done a great work here. Cheers.
[quote author=Felzzz]

Yea! Am on SMN! Great site! But I go on another name on dat forum!
Re: Treasury Bills In Nigeria by Desanta(m): 4:27pm On Oct 17, 2012
Please what is SMN.
Re: Treasury Bills In Nigeria by feelamong(m): 5:08pm On Oct 17, 2012
Desanta: Please what is SMN.

SMN is a web site that discusses Stocks and the Nigeria Stock Exchange mainly.
www.stockmarketnigeria.com. Learnt that Seun of Nairaland acquired the site a couple of months ago from the previous owners.
Re: Treasury Bills In Nigeria by feelamong(m): 8:50am On Oct 18, 2012
http://af.reuters.com/article/nigeriaNews/idAFL5E8LHLNI20121017

Nigeria to sell 111 bln naira in T-bills on Oct 25

LAGOS Oct 17 (Reuters) - Nigeria will auction 111.26 billion naira ($706.41 million) of treasury bills with maturities ranging from 3-months to 1-year at its regular bi-monthly debt auction on Oct. 25, the central bank said on Wednesday.

The central bank said it will issue 34.88 billion naira in 91-day paper, 45 billion naira in 182-day bills and 31.38 billion naira in the 364-day paper.

Africa's biggest oil producer issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity. ($1 = 157.50 naira) (Reporting by Oludare Mayowa; Editing by Joe Brock
Re: Treasury Bills In Nigeria by otokx(m): 9:55am On Oct 18, 2012
great work @feelamong
Re: Treasury Bills In Nigeria by feelamong(m): 10:00am On Oct 18, 2012
otokx: great work @feelamong

YEA BRO!! MANY THANKS
Re: Treasury Bills In Nigeria by jamace(m): 8:11pm On Oct 20, 2012
feelamong: CBN STOP RATES FOR TREASURY BILLS AUCTION 10/10/2012

91 DAYS - 13.13%

181 DAYS - 13.34%

364 DAYS - 13.38%

Rates not looking too bad! but it seems we have more money pursuing the long dated Bills! cool

I bought for 91 days only. cool
Re: Treasury Bills In Nigeria by FunmyKemmy(f): 2:28pm On Oct 24, 2012
So cool.
Re: Treasury Bills In Nigeria by question(m): 7:07am On Oct 28, 2012
feelamong:

Yea!! That is one of the things I like about Tbills. I get my upfront immediately and I get to invest it back into my own daily business. Effectively am getting more for the funds invested as the upfront interest also gets to do some work to generate more money before the maturity date!!
Quite interesting. No idle cash at all.
So at the end of the tenure, the total return on investment is higher than just from the T-Bill rate.
Re: Treasury Bills In Nigeria by feelamong(m): 9:34am On Oct 29, 2012
CBN STOP RATES FOR 24/10/2012

91 DAYS - 12.88%

181 DAYS - 13.25%

364 DAYS - 13.276%

Rates Dipped a bit! angry
Re: Treasury Bills In Nigeria by MyMail2D: 11:37pm On Nov 06, 2012
Hi,
When is the next auction? Any indication of the direction it might go?
I expect the 2013 budget will make it go up a bit as FGN has to borrow to handle the deficit. smiley
Re: Treasury Bills In Nigeria by Nobody: 6:53am On Nov 07, 2012
Pls i dont understand anything call business. But i have about #20k now. Can I also invest in TBill with d money ? Or any profitable business online. Pls i need an advise, who can help me with how the market works.
Re: Treasury Bills In Nigeria by feelamong(m): 10:04am On Nov 07, 2012
MyMail2D: Hi,
When is the next auction? Any indication of the direction it might go?
I expect the 2013 budget will make it go up a bit as FGN has to borrow to handle the deficit. smiley

I think there is an Auction today.

I feel the rates will remain same like two ago (i may be wrong sha) anyway am not bidding today!
Re: Treasury Bills In Nigeria by feelamong(m): 10:04am On Nov 07, 2012
Akobi24: Pls i dont understand anything call business. But i have about #20k now. Can I also invest in TBill with d money ? Or any profitable business online. Pls i need an advise, who can help me with how the market works.

You can actually invest in Tbills, seek your bankers or discount houses around.

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