Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,151,339 members, 7,811,985 topics. Date: Monday, 29 April 2024 at 04:41 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4432133 Views)
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)
(1) (2) (3) ... (2138) (2139) (2140) (2141) (2142) (2143) (2144) ... (2228) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by DigitalMallam: 6:00pm On Jul 08, 2023 |
Fyabdul:This is in the public domain, check DMO website monthly. To participate, walk into your bank to fill the form. 2 Likes
|
Re: Treasury Bills In Nigeria by debeey87(m): 1:51pm On Jul 11, 2023 |
I got this offer for a commercial paper from my stock broker. I haven't done CP before so I will appreciate contributions in understanding how it works. I have the following questions. 1. Are yields usually not stated as seen in the picture? 2. If the discount rate isn't the yield, why them was it included in the offer. 3. Can one extrapolate what the yield will be based on current yield for similar bonds with same tenor of 270days or 9-months. Thank you. 1 Like
|
Re: Treasury Bills In Nigeria by Myhelper1: 4:42pm On Jul 11, 2023 |
debeey87:Where is the picture? And who's offering the CP? |
Re: Treasury Bills In Nigeria by debeey87(m): 12:56pm On Jul 12, 2023 |
Myhelper1: I thought the upload was successful. AOS Orwell is the one offering.
|
Re: Treasury Bills In Nigeria by freeman67: 2:57pm On Jul 12, 2023 |
debeey87: Now that the picture is here, we can now see what we are discussing. 1. Yes, yields are usually stated the way it is there. However, I think it should not have been stated. Why? because the yield should precede the discount rate. 2. The discount rate is not yield. It was not included probably because they are yet to concluded on it. As you can see, TBC (To be Confirmed or so) is written against the discount rate column. 3. Yes, it is possible but I am not sure you will get any 9 months bond with this high yield even if it's corporate. Bonds are usually of longer tenures so any one seen at 9 months should be at it's final phase to maturity and thus, would have a much lesser yield. The appropriate instrument of comparison with CP is TB where similar tenures exists. 2 Likes |
Re: Treasury Bills In Nigeria by Olaide1295: 1:33pm On Jul 13, 2023 |
debeey87: I opened investment one account to see commercial paper, FGN bond primaries, secondaries and other fixed income offerings. After logging in, only options to buy equities is showing. I don tire. Cc: emmasoft 1 Like |
Re: Treasury Bills In Nigeria by Oyindamolah: 1:36pm On Jul 13, 2023 |
Olaide1295:investmentone, GTbank has bought it. It now gtfundmanagers and their customers service is extremely poor. I can't still get statement of account 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 3:04pm On Jul 13, 2023 |
Oyindamolah: You have to call the customer care number of gtfundmanagers to get statement of account. 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 4:08pm On Jul 13, 2023 |
Oyindamolah: Investment one is still a market operator as a financial service rendering firm. The whole entity was not sold to GTCO it was just the mutual funds ( Abacus, VGIF etc.) business that was sold to GTCO. 2 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 4:15pm On Jul 13, 2023 |
Olaide1295: @Olaide1295, thanks for the patronage. Kindly send a mail to customer care as per your findings and your request. However, I have also registered your concerns with the appropriate team. Thank you. |
Re: Treasury Bills In Nigeria by Oyindamolah: 8:32pm On Jul 13, 2023 |
NL1960:I have done that more than 8 times still sent a mail yet no response. |
Re: Treasury Bills In Nigeria by skydiver01: 3:46am On Jul 14, 2023 |
Kindly find below NTB auction results for 12 July, 2023 2 Likes 1 Share
|
Re: Treasury Bills In Nigeria by feelamong(m): 1:54pm On Jul 14, 2023 |
skydiver01: Outside the banks and one of my old stubborn rich uncle..who still buys Tbills at this rate |
Re: Treasury Bills In Nigeria by IHelp: 2:06pm On Jul 14, 2023 |
feelamong: Another rich stubborn uncle somewhere else, stubborn child that wants to preserve capital with little gain, ...... |
Re: Treasury Bills In Nigeria by skydiver01: 8:31pm On Jul 14, 2023 |
all I know is there was ~N653b subscribing for the one year bills two days ago... But your point is taken. feelamong: 1 Like |
Re: Treasury Bills In Nigeria by aieromon(m): 8:46pm On Jul 14, 2023 |
feelamong: Investors bought Nigeria’s one-year treasury bills at a rate of 5.9% per annum down from 6.2% per annum recorded in the previous bid. https://nairametrics.com/2023/07/13/investors-rush-to-buy-treasury-bills-at-5-9pa-vs-inflation-at-22-4/ 1 Like |
Re: Treasury Bills In Nigeria by enque(f): 8:54pm On Jul 14, 2023 |
skydiver01: o ti lor!! |
Re: Treasury Bills In Nigeria by Olaide1295: 7:57pm On Jul 15, 2023 |
InvestmentOne is a disappointment, and I can't keep waiting. Does anyone know any app to buy long dated FGN bonds (either primary or secondary market) or commercial papers? I don't want to have to visit bank branches. |
Re: Treasury Bills In Nigeria by freeman67: 9:21pm On Jul 15, 2023 |
Olaide1295: Standard Chartered Bank Mobile App. 5 Likes |
Re: Treasury Bills In Nigeria by skydiver01: 7:07am On Jul 16, 2023 |
Quite right!! freeman67: |
Re: Treasury Bills In Nigeria by machine606: 8:59pm On Jul 16, 2023 |
skydiver01:How, I agree IONE disappointed on that too, because that was one of my major reasons opening an account with them. Do one have to have a standard Chartered bank account to participate? Also, is it different from Stanbic IBTC? I once saw a comment by either Emmanuelewumi or Emma Soft of FMDQ trading platform, How do one access this platform? Thanks. |
Re: Treasury Bills In Nigeria by Olaide1295: 10:34am On Jul 17, 2023 |
freeman67: Downloaded the app some months ago but it's throwing an error and not letting me open an account (Due to system upgrade, our digital account opening is unavailable) |
Re: Treasury Bills In Nigeria by Olaide1295: 10:36am On Jul 17, 2023 |
machine606:Does the Stanbic app let one buy FGN bonds? Are the investment options under 'My Bank' or 'Mutual funds'? |
Re: Treasury Bills In Nigeria by mymadam(m): 11:06am On Jul 17, 2023 |
Olaide1295: Mutual Funds |
Re: Treasury Bills In Nigeria by skydiver01: 7:14am On Jul 18, 2023 |
The 2034 FGN bond is due today. So I expect it to drop tomorrow or the day after |
Re: Treasury Bills In Nigeria by Oyindamolah: 2:17pm On Jul 19, 2023 |
Okay emmasoft: |
Re: Treasury Bills In Nigeria by machine606: 11:23pm On Jul 19, 2023 |
Olaide1295:I too, was inquiring. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:40am On Jul 20, 2023 |
Olaide1295: Download the form, fill and mail to your bank or Investment house. You can also submit the hardcopy to the bank or Investment house and make sure it is acknowledged |
Re: Treasury Bills In Nigeria by TotoNaRubber: 5:58am On Jul 20, 2023 |
With the devaluation of Naira, it is now crystal clear that anyone who invested in ONLY Naira denominated debt instruments without hedging has depleted their life savings. From 2015 - 2023, the value of Naira has lost more than 380% in value. This demonstrates that no matter how much you compounded in the last 8 years. It is a TOTAL LOSS ! An interesting fact "A" had $100,000 in 2015 and decided to invest in Nigerian debt instruments. A converted the funds to Naira @ N216/$ = N21,600,000. A locked in the funds for 10 years at 17% per annum. After 8 years, A had an interest of N29,376,000. A total of N50,376,000 was realised after 8 years. "B" had $100,000 but was lazy and decided to leave his own in a Dom acc with interest rate of 0.3%. Interest rate after 8 years was $2,400. Today, B decided to sell. Total capital and interest of $102,400 was sold @ N835/$ = N85,500,000. ("He doesn't have to sell yet" A heard what B did and said had I known. Moral of the story, investing in debt instruments of a declining economy will only make you POOR. There is a reason why Dangote is the richest man in the world yet he uses public debt instruments to fund some of his projects. 6 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 1:57pm On Jul 20, 2023 |
Generate your Virtual Account in SFS For those who have already opened SFS fixed-income fund account, kindly generate your virtual account. This will make the funding of your investment account seamless. |
Re: Treasury Bills In Nigeria by AngelicBeing: 3:47pm On Jul 20, 2023 |
TotoNaRubber:Chai, this is the sad truth though about the abracadabra economy of Nigeria, the more you look, the less you see, on a second thought, if A invested in real estate, will Real Estate investment in a Prime location yield 90 million Naira within the same period, all things been equal, l doubt so
|
Re: Treasury Bills In Nigeria by Nakedman: 7:00am On Jul 21, 2023 |
skydiver01: Did you get payment yet,? |
(1) (2) (3) ... (2138) (2139) (2140) (2141) (2142) (2143) (2144) ... (2228) (Reply)
Nigerian Stock Exchange Market Pick Alerts
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48 |