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Treasury Bills In Nigeria - Investment (141) - 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 Tinyemeka(m): 9:47pm On Nov 02, 2015
Adesiji77:


With the much-touted liquidity in the market, it seems the only way the interest rate on T-bills can go is south! cool

Cc: ednut1, Caracta, Tinyemeka, slydog, davide470
My brother, I needed to assist my mother just this morning to make her bid and was shocked at what I saw as results of the last auction. 10.14% for 180days and 8.7% for 91days, if my memory serves me right. I was shocked to say the least.
Re: Treasury Bills In Nigeria by Tinyemeka(m): 9:56pm On Nov 02, 2015
kristien4:

I thought it was 5th November? ?
TB auctions are held Wednesdays bi-weekly.
This week's Wed 4/11/15 is an auction date. So you can save the date and count every two weeks henceforth.

Your instruction must however reach your banker before 4pm, the Tuesday before.
Re: Treasury Bills In Nigeria by feelamong(m): 8:02am On Nov 03, 2015
Adesiji77:


With the much-touted liquidity in the market, it seems the only way the interest rate on T-bills can go is south! cool

Cc: ednut1, Caracta, Tinyemeka, slydog, davide470

You are very correct.....this auction will even see lower rates.......see below the info I got from one of the banks I deal with yesterday on the system liquidity at the moment. Money too Much!!

The Treasury Bills market opened with a continued and aggressive rally on the back of a robust system liquidity. This led to some short tenor bills losing 150bps. However, by close of trading, short and mid tenors lost about 70bps while the long end declined 35bps on the average.

Barring any external shocks to the system, the bullish sentiments should continue to hold sway until system liquidity thins out later in the week.
Re: Treasury Bills In Nigeria by kaylous(m): 10:03am On Nov 03, 2015
Did you mean ''10.14% for 180days and 8.7% for 91days'' are calculated base on period of time or annual? Skye, Uba & First Bank promised 5-6% and it is calculated per annum.

I was able to meet up with an Aiico Capital representative she promised me 13% but will still calculate my return per annum. i.e Principal x Rate x Time divide by 365. Was looking for a fixed rate for any period of time!!![code][/code][color=#990000][/color]
Tinyemeka:

My brother, I needed to assist my mother just this morning to make her bid and was shocked at what I saw as results of the last auction. 10.14% for 180days and 8.7% for 91days, if my memory serves me right. I was shocked to say the least.

1 Like

Re: Treasury Bills In Nigeria by jpphilips(m): 10:31am On Nov 03, 2015
quertyquack:
You honestly think I'd sink in money without investigations? They are not obscure. If you did a little digging, you'll find them. I did post their name earlier but it was removed. And it ain't rocket science, 14% is reasonable.

I wouldn't mind digging with you, i only brought to your notice that I dug the wrong hole in the past.
Re: Treasury Bills In Nigeria by Tinyemeka(m): 10:35am On Nov 04, 2015
kaylous:
Did you mean ''10.14% for 180days and 8.7% for 91days'' are calculated base on period of time or annual? Skye, Uba & First Bank promised 5-6% and it is calculated per annum.

I was able to meet up with an Aiico Capital representative she promised me 13% but will still calculate my return per annum. i.e Principal x Rate x Time divide by 365. Was looking for a fixed rate for any period of time!!![code][/code][color=#990000][/color]

The rates are per annum. Longer tenors usually attract higher yields.
Re: Treasury Bills In Nigeria by ernie4life(m): 11:08am On Nov 04, 2015
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%


Tbills investors how market??


‎
Re: Treasury Bills In Nigeria by tziz(m): 11:17am On Nov 04, 2015
ernie4life:
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%


Tbills investors how market??


‎
Jeeeezz!!
This is so me.ssed up!! embarassed

1 Like

Re: Treasury Bills In Nigeria by Adesiji77: 11:20am On Nov 04, 2015
ernie4life:
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%


Tbills investors how market??


‎

This is not funny at all angry

1 Like

Re: Treasury Bills In Nigeria by ernie4life(m): 11:25am On Nov 04, 2015
tziz:

Jeeeezz!!
This is so me.ssed up!! embarassed
Adesiji77:


This is not funny at all angry

Pack your loads and come over to stocks or mutual funds cheesy

1 Like

Re: Treasury Bills In Nigeria by Boblanre: 11:42am On Nov 04, 2015
kristien4:

I thought it was 5th November? ?

You're partially right.

The auction holds today (4th Nov. 2015) but the conclusive report wouldn't be out (usually) until tomorrow (5th Nov. 2015).

So, tentatively, we can put that the next bidding would hold between Wed. 18th Nov.2015 and Thur. 19th Nov.2015. But to get in, you table your bid request latest by Tuesday 17th Nov.2015.
Re: Treasury Bills In Nigeria by Damolux01(m): 11:50am On Nov 04, 2015
ernie4life:
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%


Tbills investors how market??


‎
If TB is like this, how then will FD yield good interest?
Re: Treasury Bills In Nigeria by mekaboy(m): 11:53am On Nov 04, 2015
ernie4life:
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%


Tbills investors how market??


‎

There is excess liquidity in the system now. CBN also wants to discourage banks from govt securities.
Re: Treasury Bills In Nigeria by xplicit01(f): 1:49pm On Nov 04, 2015
UBA Capital offerred me 11% for 91days on 1M,... cldnt say no,... Lol cheesy

1 Like

Re: Treasury Bills In Nigeria by ganilat4: 2:19pm On Nov 04, 2015
Oga feel among, what is, 150bps,70bps and 35bps.
Re: Treasury Bills In Nigeria by coolguyz(m): 3:22pm On Nov 04, 2015
Hi Guys,

Rates have really gone south. Result of stop rates for today's auction-

91 days - 5.8269%
182 days - 7.9880%
364 days - 9.4800%

hope some of you won. . . . lower than most expectations which were around the 6.0% - 6.5% mark for the 91 day bill?
Re: Treasury Bills In Nigeria by coolguyz(m): 3:24pm On Nov 04, 2015
xplicit01:
UBA Capital offerred me 11% for 91days on 1M,... cldnt say no,... Lol cheesy

Really? Guess its from their portfolio they are holding at a higher rate cos they wont get that from the primary auction.

But again why sell at 11% when they can sell at a lower rate in the market and make cool dough as some of my guys did undecided
Re: Treasury Bills In Nigeria by coolguyz(m): 3:26pm On Nov 04, 2015
ganilat4:
Oga feel among, what is, 150bps,70bps and 35bps.

the bps stands for basis points. mind not all these technical Treasury jargon. it depicts the percentage change either up or down 150 basis point = 1.5%, Just divide by 100. . . .

hope i've helped?
Re: Treasury Bills In Nigeria by coolguyz(m): 3:27pm On Nov 04, 2015
Boblanre:


You're partially right.

The auction holds today (4th Nov. 2015) but the conclusive report wouldn't be out (usually) until tomorrow (5th Nov. 2015).

So, tentatively, we can put that the next bidding would hold between Wed. 18th Nov.2015 and Thur. 19th Nov.2015. But to get in, you table your bid request latest by Tuesday 17th Nov.2015.

Nah! Results could be obtained same day bro. i just posted it some posts above. . . .validate tomorrow and come confirm

cheers cool
Re: Treasury Bills In Nigeria by Boblanre: 4:51pm On Nov 04, 2015
coolguyz:


Nah! Results could be obtained same day bro. i just posted it some posts above. . . .validate tomorrow and come confirm

cheers cool

Yeah, thanks for the correction. One can actually get the results on the same day.

The issuance and settlement processes are actually what take place on Thursday.

But the fact remains that the entire exercise of auction; issuance of letters & settlements are done across two days (Wednesday, Thursday).
And that explains why you see some people 'randomly' quoting the dates for Wednesdays or Thursdays.

Please note, kristien4.
Re: Treasury Bills In Nigeria by Nobody: 5:30pm On Nov 04, 2015
coolguyz:


the bps stands for basis points. mind not all these technical Treasury jargon. it depicts the percentage change either up or down 150 basis point = 1.5%, Just divide by 100. . . .

hope i've helped?

I think you're much knowledgable in this sector. I have a question to ask.
Q: I walked into Diamond Bank on the 30th of October, 2015 and booked/applied for a TB for about 6-digits at 9%. Some hours later I received a debit of an amount less than what I opted for.
Now, the Customer Care lady said(I think that's how it works too) that I would get an upfront interest credited after the transaction. But, till nlw I am yet to get such alert.

What could be the issue? Hope I am in safe hands? Please kindly explain what might have gone wrong or right?

I appreciate.
Re: Treasury Bills In Nigeria by feelamong(m): 6:43pm On Nov 04, 2015
electrify:


I think you're much knowledgable in this sector. I have a question to ask.
Q: I walked into Diamond Bank on the 30th of October, 2015 and booked/applied for a TB for about 6-digits at 9%. Some hours later I received a debit of an amount less than what I opted for.
Now, the Customer Care lady said(I think that's how it works too) that I would get an upfront interest credited after the transaction. But, till nlw I am yet to get such alert.

What could be the issue? Hope I am in safe hands? Please kindly explain what might have gone wrong or right?

I appreciate.

The way Tbills work is that you are debited for the discounted value immediately. so you have your upfront left in your account.

at the end of the agreed tenor the face vale (principal invested) is then credited into your account.

so my dear...there wont be no such alert until your TBills mature.
Re: Treasury Bills In Nigeria by Damolaskynov: 6:58pm On Nov 04, 2015
Hi house,
Just got informed that GTbank was not successful at today's bid. I bidded for 91 day tenor at the bank's rate,will have to look for other opportunities to invest as T bills doesn't look too rosy for now. Will keep following the trend here sha
Re: Treasury Bills In Nigeria by feelamong(m): 7:02pm On Nov 04, 2015
Damolaskynov:
Hi house,
Just got informed that GTbank was not successful at today's bid. I bidded for 91 day tenor at the bank's rate,will have to look for other opportunities to invest as T bills doesn't look too rosy for now. Will keep following the trend here sha

Seriously I think Tbills are as dead as dodo now!

Its time to go and look for more risky investments...

however I have just confirmed that one can still gate up to 11% in some banks FDs.

as for me na to begin go studio to record my new album! cheesy
Re: Treasury Bills In Nigeria by Nobody: 7:19pm On Nov 04, 2015
feelamong:


The way Tbills work is that you are debited for the discounted value immediately. so you have your upfront left in your account.

at the end of the agreed tenor the face vale (principal invested) is then credited into your account.

so my dear...there wont be no such alert until your TBills mature.

Wow! So nice and explanatory enough.
I guess I got it all wrong. I was actually paid upfront. I just forgot the period was (174/365)days, and not just the Principal *Rate.

She was actually right. I did the Maths now and found where the balance and debiting ish were from.
#I guess I owe my Maths teacher an aplology....lol.
T'was an error from me sha.

All the same, thanks, man. I'm grateful.
Re: Treasury Bills In Nigeria by Nobody: 7:27pm On Nov 04, 2015
^^ In retrospect and without regrets, the TBills dividends is actually 'poor' after the corret Mathwork. I was expecting a better figure. I never knew it was this amount sef...lol.

Nonetheless, it's better than fixed-deposit or even the regular 3.9% savings ish.
Re: Treasury Bills In Nigeria by Cation(m): 7:33pm On Nov 04, 2015
ernie4life:


Pack your loads and come over to stocks or mutual funds cheesy
ARM money market fund just rose to 13.82% today.management fee will be deducted anyway.

1 Like

Re: Treasury Bills In Nigeria by Adesiji77: 7:52pm On Nov 04, 2015
Damolux01:
If TB is like this, how then will FD yield good interest?

FD rates have crashed already...and they are still crashing cool
Re: Treasury Bills In Nigeria by Adesiji77: 7:55pm On Nov 04, 2015
coolguyz:
Hi Guys,

Rates have really gone south. Result of stop rates for today's auction-

91 days - 5.8269%
182 days - 7.9880%
364 days - 9.4800%

hope some of you won. . . . lower than most expectations which were around the 6.0% - 6.5% mark for the 91 day bill?

@bolded: In Nairametrics' words "Yields: dropping like it’s hot" cheesy grin
Re: Treasury Bills In Nigeria by caesaraba(m): 7:59pm On Nov 04, 2015
Cation:
ARM money market fund just rose to 13.82% today.management fee will be deducted anyway.

Is my principal guaranteed with them? Make I google first. I need to sink something in ASAP and these TB rates are not it at all. Pls respond.
Re: Treasury Bills In Nigeria by yomi007k(m): 8:00pm On Nov 04, 2015
Wat abt FGN bonds.

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