₦airaland Forum

Greetings house .Does anyone know what zenith bank’s discounted rate for 182 day treasury bills was for the auction held on the 6th of November ?

Any good reasons why tbills that matured Nov.7 is not yet paid as at today..
Can DMO be contacted.. @freeman

ernie4life:
Why are we discussing bonds in a treasury bills thread?

Treasury bills is at an all time high with Yields of 29.8%.

Ooops.. too late to key in.. or still possible?

Reelz:
Any good reasons why tbills that matured Nov.7 is not yet paid as at today..
Can DMO be contacted.. @freeman

That is just the general situation with all investments issued by the DMO these days. They hardly pay as and when due these days.

For dwlayed payments, people you should contact for the reasons it's being delayed is the bank/investment house through which you invested and the CSCS who handles the payment.

alezzy13:
I'm yet to be debited though. I hope it was successful

Finally came through. Got @20.5

skydiver01:
Why waste time on scenarios that are not going to happen? Nigeria has been one country for 110 years! Best to spend time on more meaningful thoughts/actions such as how to fix the economy and restore our materially reduced position as the Giant of Africa

why are you deceiving yourself?

This country can never be fixed.

Does it look to you like they are fixing anything ?

The owners have the country where they want it to be, it is deliberate.

It’s best for everyone to go their way.

This is not a political thread, but i just thought I should point it out to you.

Reelz:
Any good reasons why tbills that matured Nov.7 is not yet paid as at today..
Can DMO be contacted.. @freeman

Not Too late to pay, calm down or Mail Ur bank

Did fmdq actually trade $1.4b dollars in a single day yesterday?

That's like turnover for an entire month for H1 Last year.

Maybe this 30% yield will actually help FX.

ernie4life:
Why are we discussing bonds in a treasury bills thread?

Treasury bills is at an all time high with Yields of 29.8%.

Wow, makes sense

Pls house the present poor service at gtb hope is something not to worry about, my T-bills investment will mature next week and I want to roll it over , should I continue with them or move it to another bank. Thank you

Hello all, Greetings,

I want to enquire if I'm the only one having this problems with GT BANK.

Normally, you can view all your treasury bill investment when you login to Gtbank online.
But it doesn't show anymore.

Now,It only shows me my bank balance!

I can't see all my treasury bill investments on the online platform.

Can someone kindly confirm if this is a new change?

Or am I the only one experiencing this?

Thanks in advance.

Gavrelino123:
Hello all, Greetings,

I want to enquire if I'm the only one having this problems with GT BANK.

Normally, you can view all your treasury bill investment when you login to Gtbank online.
But it doesn't show anymore.

Now,It only shows me my bank balance!

I can't see all my treasury bill investments on the online platform.

Can someone kindly confirm if this is a new change?

Or am I the only one experiencing this?

Thanks in advance.

They're not experiencing issues with financle one

Gavrelino123:
Hello all, Greetings,

I want to enquire if I'm the only one having this problems with GT BANK.

Normally, you can view all your treasury bill investment when you login to Gtbank online.
But it doesn't show anymore.

Now,It only shows me my bank balance!

I can't see all my treasury bill investments on the online platform.

Can someone kindly confirm if this is a new change?

Or am I the only one experiencing this?

Thanks in advance.

Ur money is safe, there might be issues with their new platform but nothing can happen to ur treasury bill

Grupo:
Nigeria is not breaking up anytime soon.

But I really admire the courage of the people betting on the naira for such long periods.

Because with this high inflation rate, by the time you get your money back in a few years time, it'd be worth next to nothing.

Bought my corolla in 2019 for 1.4m

Today, the same car goes for 7.5m.

There's no amount of compounding that would have turned 1. 4m invested in 2019 to 7.5m in 2024.

Reason you must invest in other asset classes

VeeVeeMyLuv:
Yes! Convert all

Nigeria does not look like a serious country

Is not interested in being a serious country

Brutal

Gavrelino123:
Hello all, Greetings,

I want to enquire if I'm the only one having this problems with GT BANK.

Normally, you can view all your treasury bill investment when you login to Gtbank online.
But it doesn't show anymore.

Now,It only shows me my bank balance!

I can't see all my treasury bill investments on the online platform.

Can someone kindly confirm if this is a new change?

Or am I the only one experiencing this?

Thanks in advance.

Same with my GTB online banking.

Seems like they are still working on that platform cos many fixture is still missing.

GTB is not back fully.

For the NTB your investment is very safe

oluayebenz:
Same with my GTB online banking.

Seems like they are still working on that platform cos many fixture is still missing.

GTB is not back fully.

For the NTB your investment is very safe

Thank you very much for your response.

I was extremely worried when I checked and saw nothing.
Let's hope they update it.

heavenisreal18:
Pls house the present poor service at gtb hope is something not to worry about, my T-bills investment will mature next week and I want to roll it over , should I continue with them or move it to another bank. Thank you

Bro, Pls how did you apply for treasury bill in GTB ?

Gavrelino123:
Hello all, Greetings,

I want to enquire if I'm the only one having this problems with GT BANK.

Normally, you can view all your treasury bill investment when you login to Gtbank online.
But it doesn't show anymore.

Now,It only shows me my bank balance!

I can't see all my treasury bill investments on the online platform.

Can someone kindly confirm if this is a new change?

Or am I the only one experiencing this?

Thanks in advance.

Pls how can I request for treasury bill from GTB ?

Team, I am yet to receive my coupon payment due on the Nov 10. I hope we are safe?.

RayRay06677:
At this stage of our economy, is it still advisable to convert to dollar?

The time has come to tread carefully on this.

There has been some macro changes I'd list below.

1. The naira has been free floated with significant less room to roundtrip. This way the effect of market forces would be more evident

2. Dangote refinery. Imported pretroleum products was our biggest need for forex and the last govt awarding him cheap usd helped get us in this state. However, the refinery is finally up and running and sourcing most crude locally plus then exporting finished products is a game changer. Of couse he has usd loans which he would pay back but these should be more favourable than importation.

3. Ending petrol subsidy- This has brought significant hardship but at same time dampened local petrol usage and smuggling. The previous method gave room to corruption and the govt spent huge amts of forex to forestall this. Worth noting that reduced energy is generally not good for growth.

4. Due to inflation, collapsed naira and all three above, the buying power of the populace has sadly reduced with many manufacturers looking for local alternatives where they can. i.e less appetite for imported goods.

5. Diasporean inflows- A major forex generator for the nation which the CBN has recently successfully been able to streamline. I know this as a few years ago, those looking to send in money would be advertising and exchanging details on WhatsApp or doing so via crypt0 channels due to high fees from the likes of Western Union or the govt insisting only usd can be received locally or the failed Naira4Dollar scheme. Now, there are very good apps which are licenced almost immediate. I believe the forex eventually streams to the govt coffers.

I believe the next major hurdle is fighting inflation tied in with reckless money printing. The CBN seems to be actively looking to address this. It remains to be seen the effect of the new minimum wage.

I was in Nigeria recently and surprised how 'relatively cheap' items have become due to the currency collapse. I think we are at or close to the bottom of this nightmare and soon at a stage where local investments may begin to yeild real returns. I am not rushing in but biding my time. The next 6-12 months should be crucial. If the Naira can keep ranging (1500 -1900) and resists further devaluation, market confidence should gradually return. I'm not looking to catch the bottom but would be keen to step in once things are heading upward

P.S as you may know, I have longed preached folks should defend their buying power and was at the forefront of warning folks to hedge their naira holdings against devluation over the last few years. Even beofre the current govt when I was quite sure the local stock market was due a rally and stated that here, I opted not to invest as I felt estimated returns in Naira might not beat corresponding investments in usd which has proven been the case. Its still worth being hedged so you don't get swept off your feet by a rubbish govt policy but to me, times has come to start paying attention.

Akpaamunsi:
Bro, Pls how did you apply for treasury bill in GTB ?

Through your account officer

heavenisreal18:
Through your account officer

Account officer details are no longer on the app, and am unable to visit any branch due to my current location. Any other options pls?

feelamong:
www.nairaland.com/attachments/1354359_NTB_jpg9d4cae535bd0bde1399af69caf610bc5

Treasury Bills! Why It Is The Best Investment For Now:

A lot of people have been asking for some time what Tbills are all about and where they could buy the bills from,

This thread is dedicated for all issues related to Treasury Bills, their going rates, when Auctions are due and why they should be bought,

I am not a Finance person, am just a trader who was lucky to work in one financial insitution years back so I might not be the best person to answer questions on this as they come, But am sure we have a lot of financial gurus with CFAs in this Forum and all our questions would be answered,

Oh Ok

Akpaamunsi:
Account officer details are no longer on the app, and am unable to visit any branch due to my current location. Any other options pls?

Send an Email to platinumsupport@gtbank.com

If you've the email of your old account officer, you can also attach it too...your email will be redirected to your new account officer and GT support will automatically be in CC for reference purposes.

I don't live in Nigeria, that's how I've been doing my treasury bills for a while now.

First bank and UBA also have it's own.
I hope this helps.

Reelz:
Any good reasons why tbills that matured Nov.7 is not yet paid as at today..
Can DMO be contacted.. @freeman

Hello have you been paid? It’s getting concerning with all this delayed payments and no communication from the DMO

Gavrelino123:
Send an Email to platinumsupport@gtbank.com

If you've the email of your old account officer, you can also attach it too...your email will be redirected to your new account officer and GT support will automatically be in CC for reference purposes.

I don't live in Nigeria, that's how I've been doing my treasury bills for a while now.

First bank and UBA also have it's own.
I hope this helps.

Sorted , thanks

MadmaxX489:
Hello have you been paid? It’s getting concerning with all this delayed payments and no communication from the DMO

Was paid after some days.. these dmo people are not serious sometimes..

Please when is the next auction date for tbills and what will the interest potentially be for one year tenure?

Next week

28% to 29.5%

ernie4life:
Next week

28% to 29.5%

Abobie, naija don cast be dat

ernie4life:
Next week

28% to 29.5%

how sir...I got an email today that rates are around 20% max for one year.. see the attached file...

Please where did you get 28-29% info from sir? I am completely lost...it's my first time though