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Treasury Bills In Nigeria - Investment (2202) - 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 DFPS: 8:34am On Feb 27
DFPS:
When is the next tb auction date plsease. Is it every Wednesday or bi weekly?
??
Re: Treasury Bills In Nigeria by Tranquility2345: 8:57am On Feb 27
DFPS:
??

You better enter CBN website to check for yourself. See as he put question mark like say anybody dey obligated to answer am. Hiss! 😔

1 Like

Re: Treasury Bills In Nigeria by egojeny1(f): 9:33am On Feb 27
Tranquility2345:


You better enter CBN website to check for yourself. See as he put question mark like say anybody dey obligated to answer am. Hiss! 😔
Lol. You sef

1 Like

Re: Treasury Bills In Nigeria by Akerewe(m): 12:12pm On Feb 27
STOCKPICK:
Please 🙏 great members, how can I move my FGN bond from my bank to my CSCS account? Also, will it result to double annual charges (From bank Custodian and CSCS).

Please kindly advice

Talk to ur stockbroker about it, u will b advice accordingly
Re: Treasury Bills In Nigeria by Nichee: 12:18pm On Feb 27
bi weekly
DFPS:
When is the next tb auction date plsease. Is it every Wednesday or bi weekly?

1 Like

Re: Treasury Bills In Nigeria by STOCKPICK: 12:53pm On Feb 27
Akerewe:


Talk to ur stockbroker about it, u will b advice accordingly

Thanks for your reply. I spoke to them but they don't even understand it. They said they are not used to it. Please guide me on how to follow up with them.

1 Like

Re: Treasury Bills In Nigeria by aieromon(m): 3:42pm On Feb 27
The Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75%.

This is the highest level we have seen the MPR topping 18.75% which had remained since the last MPC meeting on the 24th and 25th of July 2023.

The apex bank also increased the Cash Reserve Ratio to 45% and maintained the liquidity ratio at 30%. The Asymmetric Corridor was also raised to +200/-700

https://nairametrics.com/2024/02/27/breaking-cbn-raises-mpr-to-22-75-up-400-basis-point/
Re: Treasury Bills In Nigeria by Foodempire: 5:01pm On Feb 27
aieromon:


https://nairametrics.com/2024/02/27/breaking-cbn-raises-mpr-to-22-75-up-400-basis-point/

How will this affect TBs and money market? I want to bid for 19% in the next auction.

1 Like

Re: Treasury Bills In Nigeria by emmasoft(m): 6:37pm On Feb 27
Foodempire:


How will this affect TBs and money market? I want to bid for 19% in the next auction.

Generally, increase in MPR is positive for all fixed income instruments - TBills, bonds, MMF, CP, fixed deposit, even normal savings.

4 Likes

Re: Treasury Bills In Nigeria by Rizin: 7:00pm On Feb 27
It is not recovering. It took less than 1 weeks to move from 1300 to 1900+. It is actually cooling to take off again.


ogawisdom:
Good news

Naira on massive recovery mode

I hope it will be sustainable

2 Likes

Re: Treasury Bills In Nigeria by ogawisdom(m): 7:37pm On Feb 27
Rizin:
It is not recovering. It took less than 1 weeks to move from 1300 to 1900+. It is actually cooling to take off again.



Lol

CBN giving USD woto woto

2 Likes

Re: Treasury Bills In Nigeria by Akerewe(m): 7:50pm On Feb 27
STOCKPICK:


Thanks for your reply. I spoke to them but they don't even understand it. They said they are not used to it. Please guide me on how to follow up with them.

They are the only pple that can help u oo because they are the custodian of ur portfolio.

Alternatively, u can mail cscs and complain to them about ur desire to see ur fgn bond display on ur cscs dashboard. I believe they would assist you.

contact@cscs.ng

contact cscs with the above email

But if I may ask, y do u want to move it to cscs? Any advantage?

2 Likes

Re: Treasury Bills In Nigeria by manwomanok: 4:21am On Feb 28
Akerewe:


They are the only pple that can help u oo because they are the custodian of ur portfolio.

Alternatively, u can mail cscs and complain to them about ur desire to see ur fgn bond display on ur cscs dashboard. I believe they would assist you.

contact@cscs.ng

contact cscs with the above email

Useless cscs, they will never reply
Re: Treasury Bills In Nigeria by Akerewe(m): 5:33am On Feb 28
manwomanok:


Useless cscs, they will never reply

They do, cc ur mail to this man

ootenaike@cscs.ng

3 Likes

Re: Treasury Bills In Nigeria by yinkaoke(f): 9:19am On Feb 28
Hello people, please does any has the new treasury bill auction calendar? Kindly share please.
Thank you
Re: Treasury Bills In Nigeria by ositadima1(m): 9:43am On Feb 28
yinkaoke:
Hello people, please does any has the new treasury bill auction calendar? Kindly share please.
Thank you


Here are some key details on the Nigerian Treasury Bill auction calendar:

** Treasury bills are short-term debt instruments issued by the Central Bank of Nigeria on behalf of the federal government.
** T-bills are issued at maturity periods of 91 days, 182 days and 364 days.
** Primary market auctions are held bi-weekly on Wednesdays to issue new T-bills.
** The Central Bank of Nigeria publishes an advance annual T-bill auction calendar.

For 2023, the T-bill auction dates are:

January 11, January 25

February 8, February 22

March 8, March 22

April 12, April 26

May 10, May 24

June 7, June 21

July 12, July 26

August 9, August 23

September 13, September 27

October 11, October 25

November 8, November 22

December 6, December 20

** The deadline for competitive bids is 11:00 am on the auction day. Results are announced same day by 12 pm.
** Settlement is T+2 working days after auction day.

** For 2024, the tentative T-bill auction dates are expected to follow a similar bi-weekly schedule as 2023.
** CBN is yet to officially confirm 2024 auction calendar. But it is expected to follow the same pattern as previous years.

5 Likes 1 Share

Re: Treasury Bills In Nigeria by Akerewe(m): 10:10am On Feb 28
STOCKPICK:


Thanks for your reply. I spoke to them but they don't even understand it. They said they are not used to it. Please guide me on how to follow up with them.

contact cscs with the above email
Re: Treasury Bills In Nigeria by STOCKPICK: 10:37am On Feb 28
manwomanok:


Useless cscs, they will never reply

Very many thanks.

I want to move it to CSCS because of the custody fee. My bank custodians are changing me too much and I believe moving it to them will eliminate the custody fee. I don't know what CSCS will charge me but I believe it will not be as figh as the custodians.

Kindly advice if I am making a mistake.
Re: Treasury Bills In Nigeria by STOCKPICK: 10:38am On Feb 28
Akerewe:


They are the only pple that can help u oo because they are the custodian of ur portfolio.

Alternatively, u can mail cscs and complain to them about ur desire to see ur fgn bond display on ur cscs dashboard. I believe they would assist you.

contact@cscs.ng

contact cscs with the above email

But if I may ask, y do u want to move it to cscs? Any advantage?

Very many thanks.

I want to move it to CSCS because of the custody fee. My bank custodians are changing me too much and I believe moving it to them will eliminate the custody fee. I don't know what CSCS will charge me but I believe it will not be as figh as the custodians.

Kindly advice if I am making a mistake.
Re: Treasury Bills In Nigeria by Akerewe(m): 1:17pm On Feb 28
STOCKPICK:


Very many thanks.

I want to move it to CSCS because of the custody fee. My bank custodians are changing me too much and I believe moving it to them will eliminate the custody fee. I don't know what CSCS will charge me but I believe it will not be as figh as the custodians.

Kindly advice if I am making a mistake.

Well I don't know much about cscs custodian fee also, but I will find out. But to move ur account to cscs should not be a big deal. It's very possible nd it should be stress free
Re: Treasury Bills In Nigeria by ogawisdom(m): 2:13pm On Feb 28
USD receiving woto woto

I sold all my USD at 1765, it has proved to be a good decision so far.

May be considering TB if they stabilise USD for 2 weeks even around 1400

1 Like

Re: Treasury Bills In Nigeria by Calylove: 3:07pm On Feb 28
What is TB rates now?

ogawisdom:
USD receiving woto woto

I sold all my USD at 1765, it has proved to be a good decision so far.

May be considering TB if they stabilise USD for 2 weeks even around 1400
Re: Treasury Bills In Nigeria by ogawisdom(m): 6:43pm On Feb 28
Calylove:
What is TB rates now?


I don't really know but in a volatile economy like Nigeria I won't lock my money for a year for anything below 25%

7 Likes

Re: Treasury Bills In Nigeria by Rizin: 6:22am On Feb 29
My dear look at it as a business..
1. You require a capital base of n2b or n500m,
2. You are given $20k/ n20m +/- which comes whenever.
3. My question is, at what price, how long and how often will you sell 2 to reclaim your 1.

I will tell you that one bdc can not sponsor the importation of one container into the country. It can not pay for one person travel expenses to study in UK.



ogawisdom:


Lol

CBN giving USD woto woto

2 Likes

Re: Treasury Bills In Nigeria by Odunharry(m): 8:14am On Feb 29
DFPS:
When is the next tb auction date plsease. Is it every Wednesday or bi weekly?
Bi-weekly.
Re: Treasury Bills In Nigeria by Fastsnail0806: 5:45pm On Feb 29
considering the interest rate increase, is it likely that a year TBs could go up to 22%, I will like to bid next week but was considering 19% earlier but seems 20% might be feasible .kindly advise.
Re: Treasury Bills In Nigeria by Tranquility2345: 8:40pm On Feb 29
Fastsnail0806:
considering the interest rate increase, is it likely that a year TBs could go up to 22%, I will like to bid next week but was considering 19% earlier but seems 20% might be feasible .kindly advise.

Who have you paid to advise you? 🤔
Re: Treasury Bills In Nigeria by zrocky: 7:59am On Mar 01
Rizin:
It is not recovering. It took less than 1 weeks to move from 1300 to 1900+. It is actually cooling to take off again.


I said this and most people came for my neck. We can sustain the Naira as we do not earn fx except by oil sales or foreign remittance
Re: Treasury Bills In Nigeria by zrocky: 8:00am On Mar 01
ogawisdom:


Lol

CBN giving USD woto woto
for how long will they interven. Next time the Naira crash it will reach 3k straight

3 Likes

Re: Treasury Bills In Nigeria by zrocky: 8:01am On Mar 01
Rizin:
My dear look at it as a business..
1. You require a capital base of n2b or n500m,
2. You are given $20k/ n20m +/- which comes whenever.
3. My question is, at what price, how long and how often will you sell 2 to reclaim your 1.

I will tell you that one bdc can not sponsor the importation of one container into the country. It can not pay for one person travel expenses to study in UK.



meaning dollar is still scares and with soon sky rocket again.
Re: Treasury Bills In Nigeria by ositadima1(m): 1:26pm On Mar 01
It is plain weird. Do you even pause and think, or is this a case of being blinded by the thrill of short-term gains? You converted your money into dollars, so why don't you give it a rest? Yet you have to come here, to a thread meant for Treasury bills, to promote dollar buying. I think subconsciously, or maybe consciously, it is more about monkey hunting than real concerns towards the other readers.

The continuous wailing gets very tiring. "It will go to 1500, it will go to 2000, it will go to 3000," what the heck is wrong with you people? Let me explain what you don't seem to understand.

Yes, the naira has devalued for a long time, but not at this rate. Look around you and see the effects - people are being stretched thin. If it continues like this, your money will mean nothing. When 20% of the population is pushed to criminal activities, your dollar-denominated assets that are now doing 500% returns will mean nothing. But shortsightedness will not allow you to see what is coming.

The rate at which the naira is falling is not good, especially for a country that is import-dependent. The chaos that will ensue will render your profits useless. You keep encouraging everyone who has spare naira to change their money at the expense of everyone - your eyes will clear eventually.

13 Likes

Re: Treasury Bills In Nigeria by ositadima1(m): 1:33pm On Mar 01
Imagine holding money but you can't buy food because it is simply not available. What about the problem of getting out of your house because it is not safe outside?

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