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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 NL1960: 9:03am On Sep 07, 2017 |
walexlo78: Haba Oga, na only you wan chop alone?. Allow them also chop small now so that they can pay salaries and not sack workers. |
Re: Treasury Bills In Nigeria by punae: 11:04am On Sep 07, 2017 |
Morning house.... Any idea if the 364days tenor would be available on the primary market auction for next week?? |
Re: Treasury Bills In Nigeria by joseph1013: 12:02pm On Sep 07, 2017 |
Looks like the rates are really dropping. Just left Idejo Branch of Stanbic and I was told a 322-day tenor is 16.9% |
Re: Treasury Bills In Nigeria by freeman67: 12:08pm On Sep 07, 2017 |
joseph1013: Do not raise an alarm if you av not done comparative analysis of the indices involved. I got 18% for 281 days in FBN yesterday. Secondary market is subject to availability and what the rate the owner/bank would want to give it out. @ least you have to wait and see how primary market fare in the next auction ... 1 Like |
Re: Treasury Bills In Nigeria by Investnow2017: 12:09pm On Sep 07, 2017 |
joseph1013: Always use First Bank for the Secondary Market. Stanbic is perfect for the Primary Market. That is the trick. You can still get juicy 18% and even + at the Secondary Mkt at First Bank. 3 Likes |
Re: Treasury Bills In Nigeria by Investnow2017: 12:11pm On Sep 07, 2017 |
freeman67: You spoke my mind. |
Re: Treasury Bills In Nigeria by Ibukun003(m): 1:23pm On Sep 07, 2017 |
Houstency:Okay. |
Re: Treasury Bills In Nigeria by abiodunadesida: 1:30pm On Sep 07, 2017 |
omoyankee3: |
Re: Treasury Bills In Nigeria by hotmomma(f): 2:44pm On Sep 07, 2017 |
Just got 16% for 84 days at Fbn. 17.3% for 6m |
Re: Treasury Bills In Nigeria by tunana89(m): 3:05pm On Sep 07, 2017 |
Hello house, I'm a newbie here bros, made a certain amount with first bank yesterday. The amount has been deduct from my account but haven't seen no interest reflect on my account since yesterday. |
Re: Treasury Bills In Nigeria by walexlo78: 3:08pm On Sep 07, 2017 |
NL1960, I am not against them making legal money. CBN regulation guides all banking operations. They are free to make money on the primary auctions based on the fees, commissions etc but not to make spread more so if other banks are not doing that. For secondary sales they are making as they want because they determine the sales price to the investor. Can you imagine how much money they make on the TB volume base? NL1960: |
Re: Treasury Bills In Nigeria by Partnerbiz3: 3:12pm On Sep 07, 2017 |
Investnow2017: f I invest say 1 million in T bills for 365 days at say 18% and I terminate after 60 days, what's likely to be my penalty? Freeman67 Feelamong 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 3:20pm On Sep 07, 2017 |
walexlo78: The blame for that should go to the CBN that changed the rules to 50m minimum. With 50m, you can specify your own rate. Anything less than that, you are at the mercy of the banks. The bank can easily refused doing TB for a person saying that you do not have the minimum amount of 50m specified by CBN. The 50m minimum gave the upper hand to the banks. I got 18.1 from GTB. If i was doing 50m, i would have specified my own rate. Btw, do you know if GTB bids at that rate in order to avoid not succeeding in the auction?. Remember it is an auction. If GTB comes back and tells you for instance that they bidded 18.8 and failed, iam sure you will want to cut their heads for failing. 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 3:30pm On Sep 07, 2017 |
Investnow2017:Have anyone also noticed that Bank transfer Charges for TB that used to be 300 naira have been reduced to 100 naira....!!! I'm not talking about Commission or VAT.. Though with GTBANK |
Re: Treasury Bills In Nigeria by Partnerbiz3: 3:34pm On Sep 07, 2017 |
NL1960: Please If I invest say 1 million in T bills for 365 days at say 18% and I terminate after 60 days, what's likely to be my penalty? |
Re: Treasury Bills In Nigeria by Investnow2017: 3:36pm On Sep 07, 2017 |
Partnerbiz3: Somebody posted the below earlier: no money is "deducted" from your Capital. the deduction is done on your Interest earned so far. you have earned about 200k after 5 months.. If you terminate now, you will be charged ~5% on that 200k gained. So 3m - 10k = 2.99m will be returned to you. Therefore you still make ~190k overall. NO CAPITAL LOSS FOR TERMINATION: go back to the officer who did the TBills for you and tell him you want to terminate. [/quote] |
Re: Treasury Bills In Nigeria by RealityShot: 4:12pm On Sep 07, 2017 |
Partnerbiz3:~5% fine on your interest earned.. you will earn about 30k in 60days.. so you walk with ~28,500 profit after deductions i wonder why you choose to get fined when you can put same amount in a mutual fund and get zero fibe after 60days? Hmm.. |
Re: Treasury Bills In Nigeria by Partnerbiz3: 4:15pm On Sep 07, 2017 |
RealityShot: Do you mean something like FBN or Stanbic Mutual MMF? Any difference between MMF (Money market fund and Mutual fund? |
Re: Treasury Bills In Nigeria by Partnerbiz3: 4:29pm On Sep 07, 2017 |
RealityShot: If the penalty is 5%, is it not better to invest I million in 365 days at 18% and terminate after 91 days than to invest same 1 million for 91 at 15 % from the outset. I feel it's more profitable despite the penalty. 1 Like |
Re: Treasury Bills In Nigeria by Partnerbiz3: 4:30pm On Sep 07, 2017 |
Investnow2017: he penalty is 5%, is it not better to invest I million in 365 days at 18% and terminate after 91 days than to invest same 1 million for 91 at 15 % from the outset. I feel it's more profitable despite the penalty. |
Re: Treasury Bills In Nigeria by inze(m): 4:54pm On Sep 07, 2017 |
Partnerbiz3: Na wa o. Some people smart pass FG sha 7 Likes |
Re: Treasury Bills In Nigeria by jpphilips(m): 5:24pm On Sep 07, 2017 |
emmanuelewumi: Though they ask you to wait till the primary auction date, it is still the secondary market, ask for the charges break down, you will realize the rates differ if you have ever done primary market purchase before the CBN embargo. 1 Like |
Re: Treasury Bills In Nigeria by feelamong(m): 5:40pm On Sep 07, 2017 |
Partnerbiz3: In Treasury Bills ..there is no fixed penalty. The bills are just sold off into the market at the best prevailing rate they can get. Thats why it could be traded on.....if the prevailing interest rate is favourable you could even get capital appreciation when you decide to break your Tbills early |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:42pm On Sep 07, 2017 |
jpphilips: First Bank deducts before the bid, the interest will be paid back into your account on Thursday. |
Re: Treasury Bills In Nigeria by Obitec1: 5:42pm On Sep 07, 2017 |
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Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:48pm On Sep 07, 2017 |
Investnow2017: The charge will be the prorate of the remaining 7 months from the interest earned. Assuming you earned 120k upfront interest for a year or 12 months and want a premature termination after 5 months, the investor will automatically lose 70k excluding some other charges |
Re: Treasury Bills In Nigeria by Partnerbiz3: 6:13pm On Sep 07, 2017 |
RealityShot: Pls feelamong, could you reconcile these? . feelamong:.. . Investnow2017: |
Re: Treasury Bills In Nigeria by Partnerbiz3: 6:16pm On Sep 07, 2017 |
emmanuelewumi: CAN YOU RECONCILE THESE PLEASE? feelamong:.. . Investnow2017: |
Re: Treasury Bills In Nigeria by Nobody: 6:29pm On Sep 07, 2017 |
Gavrelino123:#300 with Stanbic in the last auction 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 6:57pm On Sep 07, 2017 |
adegokekemi:Wow it's still very fair and nice @AdegboKekemisi. I'm just wondering why the changes,though it's positive.. GTBANK Customers,have you notice the Changes..? #100 naira charges for TB tranfer which was previously #300.? |
Re: Treasury Bills In Nigeria by Nobody: 7:23pm On Sep 07, 2017 |
Gavrelino123:Though excluding other charges almost #900 in total
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Re: Treasury Bills In Nigeria by dotcomnamename: 7:25pm On Sep 07, 2017 |
Partnerbiz3: Can someone answer the above question? |
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