Treasury Bills In Nigeria - Investment (209) - Nairaland
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| Re: Treasury Bills In Nigeria by FIDELITY24(m): 9:57am On Sep 07, 2016 |
feelamong:lolz... good sense of humour, I also have a fidelity Accnt Bt it's my salary Accnt. 1 Like |
| Re: Treasury Bills In Nigeria by 00Pro: 5:12pm On Sep 07, 2016 |
@Feelamong I sent you a PM, wanted to inquire about posting question regarding similar charges, but don't want to violate earlier stated group policy. Kindly respond. godash: |
| Re: Treasury Bills In Nigeria by kelvinodum(m): 9:53pm On Sep 07, 2016 |
godash: Honestly how they arrived at that figure I don't really know. |
| Re: Treasury Bills In Nigeria by HeliosHay(m): 12:14am On Sep 08, 2016 |
Hi Guys, Quick question please. When someone invests in NTB and the money is held buy a custodian..is it insured i.e. should the institution go under will my money still return to me? |
| Re: Treasury Bills In Nigeria by kompanie(m): 6:01am On Sep 08, 2016 |
HeliosHay: Yes. Tbills has the faith of the Federal Government. Only the FG going under can affect it. War, apocalypse. |
| Re: Treasury Bills In Nigeria by feelamong(m): 9:03am On Sep 08, 2016 |
just got a mail from my bankers..... -All those that intend to bid for the next Tbills Auction must throw in their bids latest 12 noon on friday 9th of Sept 2016 as it looks now we dont expect any changes in the last stop rates.....CBN has been mopping us cash via OMO by morrow morning we shall get a clearer picture |
| Re: Treasury Bills In Nigeria by 00Pro: 9:19am On Sep 08, 2016 |
Thanks for the information, and providing the clarity needed to invest comfortably! feelamong: 1 Like |
| Re: Treasury Bills In Nigeria by Austinekg: 9:36am On Sep 08, 2016 |
Please, will the be an auction for 365days on the 14th Sept, 2016 NTB. I'm placing a bid for 365day today, so I need to be sure. Thanks. |
| Re: Treasury Bills In Nigeria by feelamong(m): 9:44am On Sep 08, 2016 |
Austinekg: yes there is! |
| Re: Treasury Bills In Nigeria by ukay2: 12:41pm On Sep 08, 2016 |
feelamong: But my oga feelamong. ...from the NTB programme from cbn, there is no 365days on 15/09/2016. .....am I the making mistake?? Pls clerify it... Thanks 1 Like |
| Re: Treasury Bills In Nigeria by Austinekg: 1:02pm On Sep 08, 2016 |
feelamong: Thanks @ Feelamong |
| Re: Treasury Bills In Nigeria by Annalise(f): 1:06pm On Sep 08, 2016 |
Hello house, I'm a newbie commenter, though I have been observing and learning behind the scenes. I am with ecobank and I just contacted them to send me some forms. What should I do/avoid/watch out for ? I'm starting with about 0.5 and I intend reinvest the upfront interest. |
| Re: Treasury Bills In Nigeria by 1wolex85: 3:20pm On Sep 08, 2016 |
feelamong:Correct news! Just submitted mine at Fidelity bank and they told me the same thing. Is there any specific reason you go through Fidelity securities? |
| Re: Treasury Bills In Nigeria by feelamong(m): 4:28pm On Sep 08, 2016 |
ukay2: I thot The calendar shows there will be a Fresh 364 days issue 1 Like |
| Re: Treasury Bills In Nigeria by feelamong(m): 4:29pm On Sep 08, 2016 |
1wolex85: I move between TBill, Bonds and shares....and I want a firm that can handle all for me without transfer charges or delays... moreover at times I trade on Margin..  |
| Re: Treasury Bills In Nigeria by ukay2: 4:34pm On Sep 08, 2016 |
feelamong: What i saw was maturing tenors of 91 and 182days and roll over tenors of 91, 182 and 364 days....which one we go the follow for this 15tg september 2016 auction... Pls clerify me so that my bank no go use my money do business for 1 week if i miss this coming auction... Thanks Sir. 1 Like |
| Re: Treasury Bills In Nigeria by manie(m): 5:15pm On Sep 08, 2016 |
zamirikpo: I think commercial papers and Bankers acceptance are different from Treasury bills, although they are all Money Market investments |
| Re: Treasury Bills In Nigeria by NOLONGTIN1(m): 6:04pm On Sep 08, 2016 |
hello house I'm new to all these, though I've been googling a lot about Nigeria treasury bills. I have few questions that needs clarifications. 1. I would like to know the discount rate offered by CBN at the last auction for 91days (t-bills). I've been to CBN website, but dey just ended up confusing me. I don't know how to get that info, with the multitude of info displayed. 2. I was at my bank 2day, I didn't know an auction would be 2maro, dey said it would probably be in another 2 weeks (although it was obvious they weren't sure - but they acted like there was no way they could get accurate information) 3. After reading post here today, I'm hoping it's not too late to cancel and send a request to the bank to participate in the upcoming auction. BTW, my account hasn't been debited yet - so I'm hoping it's a good thing. I was given a discount rate for 13.5% for 91 days, I'm hoping I could get 14.25% at the auction. Please pardon my ignorance or any question that seems silly. I just want to learn |
| Re: Treasury Bills In Nigeria by xpertise: 6:38pm On Sep 08, 2016 |
Hello guys Anyone who has successfully traded with Zenith Bank? Would like to know the process, charges involved as well as the minimum Amount to trade with (NTB) so I can roll in tomorrow pls? Thank you for your prompt response. @feelamong @Ukay2 |
| Re: Treasury Bills In Nigeria by ukay2: 6:49pm On Sep 08, 2016 |
xpertise: I mainly do NTB with stanbic ibtc bank as I can bid for myself the interest rate.... But I think zenith bank minimum is 500,000 naira with normal cbn NTB charges for banks...you have to go to any zenith bank branch nearest to you before 12 pm tomorrow and apply for any tenor...91,182 or 364 days you want. ..ask them if you can bid for yourself or you must go with their bank rate.... Just come to this forum tomorrow morning before 12 noon as ogas in this forum will give us advise rates for each tenor if you will bid for yourself Hope this information will guide you... Happy investing 3 Likes |
| Re: Treasury Bills In Nigeria by inze(m): 6:54pm On Sep 08, 2016 |
xpertise: 1million Naira you pick treasury bill purchase form write an application to that effect instructing them to debit you you are to go with their bank rate or state yours 2 Likes |
| Re: Treasury Bills In Nigeria by burrytee(m): 7:51pm On Sep 08, 2016 |
Hello house av bn a follower on these thread 4a while. Pls cn any cnfrm frm d set of bank where i cn bid on my own :skye, ecobank, fcmb, first. These r bnks i v my fund. Lately fcmb are telling me they will have to cnfrm from there Hq. Gtb r nt going wt my rate. Thank you |
| Re: Treasury Bills In Nigeria by ummitoagirl(f): 8:02pm On Sep 08, 2016 |
According to the calendar, another bidding will take place on the 22nd, and that will include 364 days. The one for the 15th wont include 1 year. Here is the link via CBN website. https://www.cbn.gov.ng/documents/circulars.asp , Click on the NTB issue programme. |
| Re: Treasury Bills In Nigeria by godash(m): 8:24pm On Sep 08, 2016 |
NOLONGTIN1: Normally, you should be able to view the latest stop rates on CBN site at https://www.cbn.gov.ng/rates/GovtSecurities.asp. But the it some times takes a while to be posted on there. Most times, you'll get the rates on this thread much quicker. 2. I was at my bank 2day, I didn't know an auction would be 2maro, dey said it would probably be in another 2 weeks (although it was obvious they weren't sure - but they acted like there was no way they could get accurate information) The next auction is actually on Sept 14th. Typically banks want you to confirm your TB order 1 or 2 days before the actual bid date. But with the upcoming holidays, tomorrow sounds like the confirmation date for most banks. |
| Re: Treasury Bills In Nigeria by godash(m): 8:29pm On Sep 08, 2016 |
burrytee: Just got off the phone with First Bank and GTBank and they confirmed I can specify my own rate and they'll bid for me. First Bank rate is 0.125% of the interest as custody fee. GTBank is the above plus an additional transaction fee (I think N500 or so) |
| Re: Treasury Bills In Nigeria by xpertise: 8:33pm On Sep 08, 2016 |
inze:Ok thank you @Inze |
| Re: Treasury Bills In Nigeria by burrytee(m): 9:28pm On Sep 08, 2016 |
godash:Thank you |
| Re: Treasury Bills In Nigeria by xpertise: 10:14pm On Sep 08, 2016 |
ukay2: Sure it does help. Will do as u mentioned. Thanks a bunch! |
| Re: Treasury Bills In Nigeria by Henroobaba: 10:16pm On Sep 08, 2016 |
Hi house. Nice to be here. Please I would love to know the process of using individual rate as against the bank rate. Also how to go about it, thank you. 1 Like |
| Re: Treasury Bills In Nigeria by just2endowed: 8:17am On Sep 09, 2016 |
Can anyone drop bid rates for the previous auction? I have asked this question before no one seems to ans. @feelamong |
| Re: Treasury Bills In Nigeria by ukay2: 8:20am On Sep 09, 2016 |
@feelamong. ..Pls is 365days NTB going today or only 91 and 182days only  ??. ...Pls confirm as am confused. .. Am waiting for your kind response Thanks |
| Re: Treasury Bills In Nigeria by feelamong(m): 9:09am On Sep 09, 2016 |
ukay2: My bankers have confirmed that there is 364 days.. |
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