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Treasury Bills In Nigeria - Investment (2207) - 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 gare2510(m): 9:45am On Mar 08
freemindcity:
Please i want to know why i went to first bank on monday and requested for tbilland they say they do not do tbill please what does that suppose to mean

Maybe the person you met doesn't know about it and didn't bother to ask or the branch doesn't do TB. I also went to Stanbic and they told me the next auction date was 13th March 2024 vs 6th March 2024

2 Likes

Re: Treasury Bills In Nigeria by Foodempire: 9:47am On Mar 08
Itsrm:


Here

Thanks. So all together should be like 7.6% for tax?
Re: Treasury Bills In Nigeria by aieromon(m): 9:50am On Mar 08
Shalom428:
After all the annoying deductions, Zenith rate was 18.3%. Nigeria Banks are really milking their customers.

Daylight robbery.

1 Like

Re: Treasury Bills In Nigeria by gare2510(m): 10:01am On Mar 08
aieromon:


Daylight robbery.


Even though the 364 days bid got 21.49% it doesn't mean all the banks will get 21.49% it depends on what they bidded, they have to be careful too because if the bank bids higher than the stop rate the bid will be unsuccessful and they lose all the commissions for that week

3 Likes

Re: Treasury Bills In Nigeria by aieromon(m): 10:07am On Mar 08
gare2510:


Even though the 364 days bid got 21.49% it doesn't mean all the banks will get 21.49% it depends on what they bidded, they have to be careful too because if the bank bids higher than the stop rate the bid will be unsuccessful and they lose all the commissions for that week

What advantage does he then have as a primary market client?

This is the secondary market. Minus 10% WHT deduction still gives the same 18%.

Re: Treasury Bills In Nigeria by chukzyfcbb: 10:45am On Mar 08
FBN secondary market rate for 300+ days this morning at 16.7%.

Still poor

1 Like

Re: Treasury Bills In Nigeria by Akerewe(m): 11:12am On Mar 08
Pls house, what are the advantages of having one's FGN bond or SUKUK investment migrated to one's cscs account rather than leaving it in the primary market custody. ??

2 Likes 1 Share

Re: Treasury Bills In Nigeria by DFPS: 11:33am On Mar 08
Please i subscribe for tb bill (via stanbic ibtc) the funds still in ledger balance and they haven't pay the interest uptill now. Is it normal??
Re: Treasury Bills In Nigeria by Acidosis(m): 11:43am On Mar 08
aieromon:


What advantage does he then have as a primary market client?

This is the secondary market. Minus 10% WHT deduction still gives the same 18%.

What app is this, please?
Re: Treasury Bills In Nigeria by aieromon(m): 11:50am On Mar 08
Acidosis:


What app is this, please?

i-invest

You used to be a major fan of their service.

1 Like

Re: Treasury Bills In Nigeria by Acidosis(m): 12:34pm On Mar 08
aieromon:


i-invest

You used to be a major fan of their service.

You remember, wow! cheesy

I had the app back then.

1 Like

Re: Treasury Bills In Nigeria by Itsrm(m): 1:05pm On Mar 08
Foodempire:


Thanks. So all together should be like 7.6% for tax?

Far less. How did you do your calculation? Fees on an investment of 100,000 are as below.

Commission-N125
Custody fee -N100
Transaction fee- N100,
VAT -24.3.

Total- N349.3

That's all. No other tax.

3 Likes 1 Share

Re: Treasury Bills In Nigeria by Itsrm(m): 1:07pm On Mar 08
gare2510:


Yes, but mine was 5%

Not possible. You must have gotten the calculation wrong.
Re: Treasury Bills In Nigeria by gare2510(m): 3:09pm On Mar 08
Itsrm:


Not possible. You must have gotten the calculation wrong.

Re: Treasury Bills In Nigeria by Itsrm(m): 3:16pm On Mar 08
gare2510:
.

I get now.

Re: Treasury Bills In Nigeria by Odunharry(m): 6:09pm On Mar 08
chukzyfcbb:
FBN secondary market rate for 300+ days this morning at 16.7%.

Still poor
Investment one 20.40 357days.

3 Likes

Re: Treasury Bills In Nigeria by richforever123: 7:07pm On Mar 08
aieromon:


What advantage does he then have as a primary market client?

This is the secondary market. Minus 10% WHT deduction still gives the same 18%.

Thanks for this information
Re: Treasury Bills In Nigeria by kisszhira(m): 9:21pm On Mar 08
DFPS:
Please i subscribe for tb bill (via stanbic ibtc) the funds still in ledger balance and they haven't pay the interest uptill now. Is it normal??

Check now,it just dropped
Re: Treasury Bills In Nigeria by kristien4(m): 10:16pm On Mar 08
kisszhira:


Check now,it just dropped
Yes... stanbic went thru.. just got debited
Re: Treasury Bills In Nigeria by Nakedman: 10:28pm On Mar 08
kisszhira:


Check now,it just dropped

Stanbic IBTC auction was successful. I just got the mails now and upfront payment has been made. Rate is 20% from my calculations.

1 Like

Re: Treasury Bills In Nigeria by safex(m): 12:14am On Mar 09
Nakedman:


Stanbic IBTC auction was successful. I just got the mails now and upfront payment has been made. Rate is 20% from my calculations.
Gross or Net rate?
Re: Treasury Bills In Nigeria by donshady(m): 1:53am On Mar 09
safex:

Gross or Net rate?

Net rate
Re: Treasury Bills In Nigeria by DFPS: 2:17am On Mar 09
kisszhira:


Check now,it just dropped
mine yet to drop
Re: Treasury Bills In Nigeria by donshady(m): 2:28am On Mar 09
DFPS:
mine yet to drop

Have you checked your bank app ?
Re: Treasury Bills In Nigeria by Odunharry(m): 8:33am On Mar 09
Blkmum700, check your mail.
Re: Treasury Bills In Nigeria by blkmum700: 8:53am On Mar 09
Odunharry:
Blkmum700, check your mail.

I don’t have access to the email anymore.
Re: Treasury Bills In Nigeria by Odunharry(m): 9:07am On Mar 09
blkmum700:


I don’t have access to the email anymore.
OK. If you can provide alternate fine. Heard next auction is on Wednesday. The earlier the better.
Re: Treasury Bills In Nigeria by Johnwrite(m): 9:39am On Mar 09
Na so na
Re: Treasury Bills In Nigeria by Nakedman: 9:52am On Mar 09
Odunharry:

OK. If you can provide alternate fine. Heard next auction is on Wednesday. The earlier the better.

But next Auction is supposed to be on the 20th
Re: Treasury Bills In Nigeria by Itsrm(m): 10:00am On Mar 09
Nakedman:


But next Auction is supposed to be on the 20th

No auction on 20th. Next is 13th and then 27th.

1 Like

Re: Treasury Bills In Nigeria by Nakedman: 10:10am On Mar 09
Itsrm:


No auction on 20th. Next is 13th and then 27th.

Thank you for the information.
Re: Treasury Bills In Nigeria by nellybadas: 2:38pm On Mar 09
pls anyone with good knowledge?
what is the maximum amount of tbills a single individual can buy at once?

1 Like

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