Treasury Bills In Nigeria - Investment (184)

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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 40manlappy: 4:50pm On Aug 02, 2016

feelamong:
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

Boss, what rate and tenor did you bid for?

Re: Treasury Bills In Nigeria by zamirikpo(m): 4:54pm On Aug 02, 2016

@feelamong na ur back we dey,
@sheriff4owi.. ....na big risk I dey take ooh.. .pray it clicks.. If it doesn't a week is not too long at least by then am sure of the rates.. .

Re: Treasury Bills In Nigeria by 40manlappy: 5:00pm On Aug 02, 2016

zamirikpo:
@feelamong na ur back we dey,
@sheriff4owi.. ....na big risk I dey take ooh.. .pray it clicks.. If it doesn't a week is not too long at least by then am sure of the rates.. .

Are you sure @bolded? It used to be every 2 weeks. Has it changed?

Re: Treasury Bills In Nigeria by MrTour: 5:30pm On Aug 02, 2016

Lets have a constructive argument about this.
If you delay your bid in order to take advantage of higher rates, potentially you are losing money as a result of idle funds sitting in your bank account for two weeks and the longer you wait, the more you lose money.
For example, A bid between Mr A and Mr B
If Mr A places a bid of 16% for 91 days for N500k (bank charges excluded for all calculations). 16/100 x N500,000 = N80,000/12 months = N6,666/month interest.
Over a three month period Mr A's interest is N6666 x 3 months= N20,000. This implies Mr A makes N3,333/ two weeks of investing earlier than Mr B.

Mr B places a bid of 17.5% two weeks later after leaving the money idle in his bank account without any interest, even though his interest rate is 17.5% but he is still worse off according to this calculation.
17.5/100 x N500,000 = N87,500/12 months = N7291/month interest.
Over a three month period Mr B's interest is N7291 x 3 = N21,187.

The difference Mr B's interest N7291 - Mr A's interest N6666 is N1,187 gain for Mr B.
But remember Mr A invested earlier and gained N3333. Therefore N3333 - N1187 = N2146.

Thereby Mr A made more profit over a 91 days period wink

zamirikpo:
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

2 Likes

Re: Treasury Bills In Nigeria by feelamong(m): 6:44pm On Aug 02, 2016

40manlappy:

Boss, what rate and tenor did you bid for?

Went in for 182 days at 17.85%

I no dey too greedy! cheesy

1 Like

Re: Treasury Bills In Nigeria by Chidieberelex: 6:45pm On Aug 02, 2016

[quote author=feelamong post=48122958]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.. grin

happy Investing All[/quote
Hmmmm guy u dey vex oh. Anyways I like your opinion]

Re: Treasury Bills In Nigeria by Chidieberelex: 8:10pm On Aug 02, 2016

I was at Stanbicibtc bank today to submit my bid. I am new to ntb, after reading through the post I decided to go with the bank rate. I hope my decision won't back fire. The staff kind of pushed it down my neck to go with bank rate. I know my I still have the option of saying no to them!

Re: Treasury Bills In Nigeria by Chidieberelex: 8:16pm On Aug 02, 2016

Re: Treasury Bills In Nigeria by munezo(m): 8:32pm On Aug 02, 2016

Going with their rate is a wise decision, it is the bank I use too, and I am going with their rate also.

Chidieberelex:
I was at Stanbicibtc bank today to submit my bid. I am new to ntb, after reading through the post I decided to go with the bank rate. I hope my decision won't back fire. The staff kind of pushed it down my neck to go with bank rate. I know my I still have the option of saying no to them! If I am to choose my rate I would say 364----18%, 182-------16.50%, 91-------14.59%

Re: Treasury Bills In Nigeria by zamirikpo(m): 9:09pm On Aug 02, 2016

@munezo it all depends on the rate, some banks or most banks want to exploit u.

I was at my bank today and a marketer was trying to sell 14% for 182 days Tinkin he was impressing me, probably tot it was my first time. But I insisted On 17% for 91days. Though I may not get it but imagine the difference. 17% for 182days is almost certain but he was selling 14%.

So it depends. DiamondBank tried to sell 9.5% for 182days in July.....

So most banks are there to make money.. ..so be informed before u bid, don't always go with there rate.

Re: Treasury Bills In Nigeria by Moses247(m): 10:12pm On Aug 02, 2016

Nigeria to raise nearly a billion dollars in naira treasury bill
Lagos - Nigeria plans to raise 245.18bn naira ($773.44m) worth of Treasury bills with maturities ranging between three months and a year on August 3, traders said on Tuesday citing a central bank Treasury bill calendar.
The central bank plans to issue 45.18bn naira in 3-month debt, 80bn naira of 6-month paper and 120bn naira of 1-year bills in a Dutch auction, they said.
Indicative rates for the auction are 16% for 3-month, 18% for 6-months and 18.5% for 1-year bills, one trader said. The auction's results will be published the day after the sale.
Yields on fixed income securities have been rising in recent months with the central bank mopping up naira liquidity to try to lure back foreign investors who sold naira assets following the plunge in the price of oil, Nigeria's economic mainstay.
The bank lifted interest rates by 200 basis points last week to 14% to help fight inflation, which hit a 10-year high of 16.5% in June.
The central bank was not immediately available to comment.

3 Likes

Re: Treasury Bills In Nigeria by Chidieberelex: 10:28pm On Aug 02, 2016

Please house help me. If I choose d bank rate, is there any possibility that the bank would give me a lower rate from what they got,in order to make more profits

Re: Treasury Bills In Nigeria by Sylverly(m): 3:50am On Aug 03, 2016

Why do people still settle for bank rate, when you can comfortably predict a juicy rate from the last stop rate. Have had a terrible experience with zenith bank,going with their stop rate...not until I took the bull by the horn..Gave my rate of 11.5% for 365 when d stop rate was few fraction higher than my bid , In the early month of march..still waiting for maturity.

1 Like

Re: Treasury Bills In Nigeria by Sylverly(m): 3:53am On Aug 03, 2016

Chidieberelex:
Please house help me. If I choose d bank rate, is there any possibility that the bank would give me a lower rate from what they got,in order to make more profits

if you choose ur rate and it falls within the CBN successful bids, ur bank has no other option than to gv u d rate u bid for . Except that bank charges might create a little reduction

Re: Treasury Bills In Nigeria by Hayyee2002: 5:47am On Aug 03, 2016

House pls what do I loose if my bid didn't go through?

Re: Treasury Bills In Nigeria by Sylverly(m): 5:50am On Aug 03, 2016

Hayyee2002:
House pls what do I loose if my bid didn't go through?

just an uninvested two weeks.. grin

Re: Treasury Bills In Nigeria by feelamong(m): 7:53am On Aug 03, 2016

Hayyee2002:
House pls what do I loose if my bid didn't go through?

Place your funds on call for another 2 weeks or go in for the secondary markt if its close or higher than the stop rates at the last Auction

Re: Treasury Bills In Nigeria by freeman67: 9:10am On Aug 03, 2016

Sylverly:
Why do people still settle for bank rate, when you can comfortably predict a juicy rate from the last stop rate. Have had a terrible experience with zenith bank,going with their stop rate...not until I took the bull by the horn..Gave my rate of 11.5% for 365 when d stop rate was few fraction higher than my bid , In the early month of march..still waiting for maturity.

It depends on your bank bro. People that bank with Stanbic know that there are not perfect but considerate with their ℅ to some extent.. also if you bid for yourself, your bid may not always be successful and if its not you will still have to wait for another two weeks.

zamirikpo:
@munezo it all depends on the rate, some banks or most banks want to exploit u.
I was at my bank today and a marketer was trying to sell 14% for 182 days Tinkin he was impressing me, probably tot it was my first time. But I insisted On 17% for 91days. Though I may not get it but imagine the difference. 17% for 182days is almost certain but he was selling 14%.
So it depends. DiamondBank tried to sell 9.5% for 182days in July.....
So most banks are there to make money.. ..so be informed before u bid, don't always go with there rate.

Sylverly:
Why do people still settle for bank rate, when you can comfortably predict a juicy rate from the last stop rate. Have had a terrible experience with zenith bank,going with their stop rate...not until I took the bull by the horn..Gave my rate of 11.5% for 365 when d stop rate was few fraction higher than my bid , In the early month of march..still waiting for maturity.

Re: Treasury Bills In Nigeria by burrytee(m): 1:00pm On Aug 03, 2016

I just left gtbank even with the follow-ups. dnt know why they are been secretive over these T-bill of a thing. I was told it closed yesterday for 5pm. I was even asking the last rate. she ws just telling me to write letter and saying they dnt know. Until I worry dem tire and even took them forever before they could produce it. what they even produce was last two auction of 91days@9.9% and 182days@12.2%.i just bone comot the bank. please if atall I miss bidding with these bank.
Please how good can bid next with Fcmb and First cos of my idle money in these bank.
Thank you.

Re: Treasury Bills In Nigeria by kokobongo: 2:00pm On Aug 03, 2016

Hi Guys,

find results of todays, T-Bill primary auction below

Auction Date 03/08/2016 03/08/2016 03/08/2016
Allotment / Issue Date 04/08/2016 04/08/2016 04/08/2016
Tenor (91-Day) (182-Day) (364-Day)
Offer Amount (=N=) 45,177,868,000 80,000,000,000 120,000,000,000
Total Subscription (=N=) 69,442,518,000 128,661,661,000 293,429,597,000
Proposed Allotment (=N=) 45,177,868,000 80,000,000,000 120,000,000,000
Range of Bid Rates (%): 9.0000 – 19.0000 13.0000 – 20.4900 15.5000 – 25.3451
Recommended Stop Rates (%): 15.4400 18.0589 18.5000

2 Likes

Re: Treasury Bills In Nigeria by zamirikpo(m): 2:07pm On Aug 03, 2016

@burrytee that is bank Antics for u, a banker friend Told me that Banks dont even want People to know About Treasury Bills becos if People know, no one will do fixed seposi, Cos NTB Rate are always higher than fixed seposi.

So my advice, try another bank Fast Fast....i left gtb years back Cos of There very poor customer relationship. The bank was and is still strong so the PR department went to sleep.

Re: Treasury Bills In Nigeria by kokobongo: 2:15pm On Aug 03, 2016

Summary of NTB Auction Results - 03.08.2016

91 Days - 15.44%

182 Days - 18.05%

364 Days - 18.5%

2 Likes

Re: Treasury Bills In Nigeria by otokx(m): 2:36pm On Aug 03, 2016

kokobongo:
Summary of NTB Auction Results - 03.08.2016

91 Days - 15.44%

182 Days - 18.05%

364 Days - 18.5%

When is the next auction?

Re: Treasury Bills In Nigeria by ummitoagirl(f): 2:37pm On Aug 03, 2016

I just lost out on a whole 1.2% thanks to Ecobank but all isn't lost, I will be buying more TBILLS next 2 weeks. I can't let any funds sit idle.

kokobongo:
Summary of NTB Auction Results - 03.08.2016

91 Days - 15.44%

182 Days - 18.05%

364 Days - 18.5%

Re: Treasury Bills In Nigeria by puna: 2:56pm On Aug 03, 2016

firstbank is very useless... I gave them a directive to liquidate my fixed deposit and placed a bid for tbills....only to call the relationship manager today for him to tell me that the bid could not go through that there was no network

Re: Treasury Bills In Nigeria by MrTour: 3:06pm On Aug 03, 2016

Were they trying to bid using Glo network ?

puna:
firstbank is very useless... I gave them a directive to liquidate my fixed deposit and placed a bid for tbills....only to call the relationship manager today for him to tell me that the bid could not go through that there was no network

3 Likes

Re: Treasury Bills In Nigeria by feelamong(m): 3:23pm On Aug 03, 2016

kokobongo:
Summary of NTB Auction Results - 03.08.2016

91 Days - 15.44%

182 Days - 18.05%

364 Days - 18.5%

wow! my 17.85% bid for 182 days sailed thru.....

1 Like

Re: Treasury Bills In Nigeria by tolutweety(m): 3:37pm On Aug 03, 2016

feelamong:

wow! my 17.85% bid for 182 days sailed thru.....

what bank did you use ?
.
.
.
.

Re: Treasury Bills In Nigeria by feelamong(m): 3:40pm On Aug 03, 2016

tolutweety:

what bank did you use ?
.
.
.
.

Went with my Investment bankers....Fidelity Securities

Re: Treasury Bills In Nigeria by feelamong(m): 3:40pm On Aug 03, 2016

tolutweety:

what bank did you use ?
.
.
.
.

Went with the Investment House I deal with most times....Fidelity Securities

Re: Treasury Bills In Nigeria by kokobongo: 3:44pm On Aug 03, 2016

otokx:

When is the next auction?

17/08/2016. However, make sure u advise ur request a day before

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