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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 Nobody: 5:41pm On Aug 01, 2016 |
Someone has taken her time to drop hints of the possible rates to go for and some people are still asking which rates they should go for.. Is it that we like asking irrelevant questions or what? I just tire for some nigerians shah 2 Likes |
Re: Treasury Bills In Nigeria by SuccessGee(m): 6:12pm On Aug 01, 2016 |
I got this rate from my Bank today (SCB) 91 DAYS =16.00% - 16.50% 182 DAYS =17.00% - 17.50% 364 DAYS =18.00% - 18.50% Really juicy... 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by ummitoagirl(f): 6:16pm On Aug 01, 2016 |
I am sooo jealous!!!, this Ecobank is something else, I will have to shop for another bank when next I am in naija. SuccessGee: |
Re: Treasury Bills In Nigeria by ukay2: 6:16pm On Aug 01, 2016 |
SuccessGee: Which bank is scb abeg 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 6:18pm On Aug 01, 2016 |
Oga feelamong please talk your boys are all waiting for you ooooh The rate nawadays no good to shoot blindly |
Re: Treasury Bills In Nigeria by ukay2: 6:25pm On Aug 01, 2016 |
Reason to bid for yourself is that if FOR EXAMPLE you go with the bank rate at 14.25%for 91days NTB and it closes at 16.25%, the bank will gain the 2% freely from you plus the custodian fee and safe keeping fee there will still charge you.. Bote that 2% gain is a big amount if your bidding with a large amount of money but may be small if your bidding with small amount of money... Just my thinking oooh |
Re: Treasury Bills In Nigeria by olujaidi: 6:40pm On Aug 01, 2016 |
Re: Treasury Bills In Nigeria by olujaidi: 6:52pm On Aug 01, 2016 |
ukay2: Not necessarily correct. The way the auction works is thus: if the bank bids with a certain percentage and this percentage falls within the band of successful bid rates and is not above the marginal rate, the bank gets what it bids for. If the bank doesn't estimate correctly then it would get a lower rate. 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 6:58pm On Aug 01, 2016 |
olujaidi: Please explain with percentages and figures for us not in the banking industry to learn... Thanks 1 Like |
Re: Treasury Bills In Nigeria by olujaidi: 7:19pm On Aug 01, 2016 |
ukay2: If you check the CBN webpage ( https://www.cbn.gov.ng/rates/GovtSecurities.asp ) for the results of TB auction you'll see three rows around the bottom of the first schedule: Range of bid rates, Successful bid rates and Marginal Rate. The first represents the highest and lowest rates quoted by bidders, the second is for the range of successful bid rates while the third is the maximum rate that the CBN will pay for your money. In my previous explanation, I was referring to the successful bid rates row. If you bid lower than the marginal rate but within the band of successful bid rates you get what you bid for. That could explain why you get a lower rate at the primary market auction. Capisce? My explanation will be clearer once you open that CBN webpage |
Re: Treasury Bills In Nigeria by feelamong(m): 7:38pm On Aug 01, 2016 |
ukay2: The secondary markets closed at the same levels as it closed on friday... I will advise that we go with the Rates advised by Standard Chartered Bank... Am going with theirs 1 Like |
Re: Treasury Bills In Nigeria by Biakwa: 7:48pm On Aug 01, 2016 |
Next auction comes up 03/08/2010 |
Re: Treasury Bills In Nigeria by selade(m): 7:48pm On Aug 01, 2016 |
@feelamong Thanks for the info. Standard Chartered quoted a range 18% - 18.5% for 364 days. Do you advise we go with the midpoint between the two bands, say 18.2% or we stick with the lower limit of 18% to play safe? feelamong: |
Re: Treasury Bills In Nigeria by sherif4owo(m): 7:56pm On Aug 01, 2016 |
selade: You are very funny.. see question He said he will be going with standard Chartered, so it's left to you to choose what's good for you @ the level of risk you wanna take. Everyone is speculating.... 2 Likes |
Re: Treasury Bills In Nigeria by selade(m): 8:02pm On Aug 01, 2016 |
Thanks. We learn everyday |
Re: Treasury Bills In Nigeria by sherif4owo(m): 8:58pm On Aug 01, 2016 |
selade: Yeah we are.. I'm actually going for the lowest which is 18% just to be on a safer side. Because I must win.. like compulsory 1 Like |
Re: Treasury Bills In Nigeria by Biakwa: 9:13pm On Aug 01, 2016 |
Can we have idea of the next auction rate? |
Re: Treasury Bills In Nigeria by burrytee(m): 10:56pm On Aug 01, 2016 |
Hello big house.please can i go with the gtb for the bidding. I Could remember them telling weeks ago to wait till the next auction. Please is it safe at what rate for 91days. |
Re: Treasury Bills In Nigeria by sherif4owo(m): 10:00am On Aug 02, 2016 |
burrytee: Biakwa: ===== SuccessGee: ummitoagirl: ummitoagirl: |
Re: Treasury Bills In Nigeria by 40manlappy: 2:04pm On Aug 02, 2016 |
sherif4owo: Do you think it is safe for me to bid for 182 at 17% or higher? Your advice would be appreciated. Looping: feelamong, olujaidi, ummitoagirl |
Re: Treasury Bills In Nigeria by zamirikpo(m): 2:38pm On Aug 02, 2016 |
After 04/08/16, the next bid date is 11/08/16, so I think I could take the chance of loosing Out on the 4th to get back in on the 11th. So I would bid 17.50% or even 18.00% for 91days that maybe a little high handed but am willing to take the risk. Correct me if am wrong |
Re: Treasury Bills In Nigeria by sherif4owo(m): 3:21pm On Aug 02, 2016 |
40manlappy: Well, Not bad though but If I must specify, my safe bid rate will be 16.0%-16.5%. BTW: Hope you know it's late to place bid now? |
Re: Treasury Bills In Nigeria by sherif4owo(m): 3:22pm On Aug 02, 2016 |
zamirikpo: Man, I like your gut!! |
Re: Treasury Bills In Nigeria by Nobody: 3:35pm On Aug 02, 2016 |
Doers have already placed bid, waiting for the auction while some are still asking the rate to place.. |
Re: Treasury Bills In Nigeria by 40manlappy: 3:58pm On Aug 02, 2016 |
sherif4owo: **modified I already placed my bid for 17% Looping: feelamong 2 Likes |
Re: Treasury Bills In Nigeria by sherif4owo(m): 3:59pm On Aug 02, 2016 |
Re: Treasury Bills In Nigeria by 40manlappy: 4:02pm On Aug 02, 2016 |
sherif4owo: Thank you! |
Re: Treasury Bills In Nigeria by just2endowed: 4:02pm On Aug 02, 2016 |
ecobank just advise me that there bid rate is 14.55 for 91 days. 1 Like |
Re: Treasury Bills In Nigeria by Omonigeriarere: 4:23pm On Aug 02, 2016 |
just2endowed: I go for 16% in 91 days in GTB today. I think the rate is risky: may God see me through. |
Re: Treasury Bills In Nigeria by feelamong(m): 4:33pm On Aug 02, 2016 |
I just dey study all the Monikers and their bids... i wan begin play Naira bet once league season start... i suppose know who i go dey reach out to before i play.. happy Investing All 1 Like |
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