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Treasury Bills In Nigeria - Investment (196) - 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 Xkoba: 2:15pm On Aug 17, 2016
zamirikpo:
@xkoba......i don suffer......this is reminding me of my JAMB days....................

again................i've lost out.

lol..I dey lauf...I ve to hit secondary market be DAT..I need lit cash
Re: Treasury Bills In Nigeria by feelamong(m): 2:27pm On Aug 17, 2016
Xkoba:
lol..I dey lauf...I ve to hit secondary market be DAT..I need lit cash

I just asked my contact in the Investment coy i use...

said they are still willing to do 91 days at 14%
Re: Treasury Bills In Nigeria by zamirikpo(m): 2:31pm On Aug 17, 2016
advisers should please send in there thoughts early enough.................so that bidders can profit from them..................

from now on, anytime i arrive at a rate i would just reduce it by 1%.....to be on the safe side.

kai.....na wa o

1 Like

Re: Treasury Bills In Nigeria by 40manlappy: 2:38pm On Aug 17, 2016
megawax8:
*exhales*

Finally, the Stop Rates

91 days - 14.99%
182 days - 17.48%



Thank God o! *exhales too*

@feelamong, I am happy that I went with 17.25% cheesy

Almost used 17.4% though.... cool

1 Like

Re: Treasury Bills In Nigeria by Nobody: 3:02pm On Aug 17, 2016
I placed a bid for 364days, and now am hearing that there was no auction for this tenure? Kai! I don die!!
Re: Treasury Bills In Nigeria by Nobody: 3:07pm On Aug 17, 2016
Royal155:
I placed a bid for 364days, and now am hearing that there was no auction for this tenure? Kai! I don die!!


Same here
Re: Treasury Bills In Nigeria by ummitoagirl(f): 3:17pm On Aug 17, 2016
They had 364 days jare... I am certain, we need results. Can't seem to find it online, so insiders, come out with it.
Tritri:



Same here
Re: Treasury Bills In Nigeria by SuccessGee(m): 3:58pm On Aug 17, 2016
megawax8:
*exhales*

Finally, the Stop Rates

91 days - 14.99%
182 days - 17.48%



Chai.. I missed by 0.02%. better luck in next bid

1 Like

Re: Treasury Bills In Nigeria by walexy14(m): 4:01pm On Aug 17, 2016
you can still get above 14% pa in Rosabon Treasury Note, you also get the opportunity to negotiate your interest rate on all deposits above N1,000,000.check my signature more details or www.rosabon-finance.com , a.abatan@rosabon-finance.net
Re: Treasury Bills In Nigeria by Nobody: 4:06pm On Aug 17, 2016
feelamong:


The auction is on the 18th...

Your account would be debited on the 19th if you are successful


Oga feelamong please confirm when the deduction will be made to my account?

18th or 19th?

Cos i understand the auction is today?
Re: Treasury Bills In Nigeria by demolagilbert: 4:23pm On Aug 17, 2016
In my experience, there is an allowance for up to 0.02pts. Dunno if that has changed now. I have in the past been successful at a bid due to the fact that my stop rate wasn't higher than the bid rate by more than 0.02, infact on that occasion i had been advised on this by the bank staff handling it before placing the bid, it was my first bid experience and it went through i.e. i got the prevailing stop rate. However, i haven't bidded above the stop rate in recent times. Bottom line there may still be hope for y'all whose rates were higher by not more than 0.02.
Re: Treasury Bills In Nigeria by feelamong(m): 4:46pm On Aug 17, 2016
overcomer123:



Oga feelamong please confirm when the deduction will be made to my account?

18th or 19th?

Cos i understand the auction is today?

if you account is not debited by the 19th then you should start to worry
Re: Treasury Bills In Nigeria by 40manlappy: 5:28pm On Aug 17, 2016
SuccessGee:


Chai.. I missed by 0.02%. better luck in next bid

Eyaa. Not to worry, next auction is around the corner.

1 Like

Re: Treasury Bills In Nigeria by wuwu2: 6:34pm On Aug 17, 2016
Pls does anybody have the summary of the auction for fgn bonds done today?
Re: Treasury Bills In Nigeria by unite4real: 6:52pm On Aug 17, 2016
wuwu2:
Pls does anybody have the summary of the auction for fgn bonds done today?

July 2021 bond closed at 15.08%
Jan 2026 bond closed at 15.2848%
Mar 2036 bond closed at 15.5300%

1 Like

Re: Treasury Bills In Nigeria by Nobody: 7:01pm On Aug 17, 2016
@unite4real please the Yield pls.
Re: Treasury Bills In Nigeria by ummitoagirl(f): 7:13pm On Aug 17, 2016
What a f'd up bank... I honest thought I saw the brand new 364 auction on the calendar, although @feelamong mentioned it wasn't happening several times.
Well, I will double my funds my next auction, no worries...

1 Like

Re: Treasury Bills In Nigeria by ummitoagirl(f): 7:19pm On Aug 17, 2016
So, every bid except 182 days @17.25% weren't successful...such a silly bank.

1 Like

Re: Treasury Bills In Nigeria by unite4real: 7:45pm On Aug 17, 2016
Tritri:
@unite4real please the Yield pls.

Those are the marginal rates that clear the volume. Those figures are the Yields for the Bonds
Re: Treasury Bills In Nigeria by Nobody: 8:26pm On Aug 17, 2016
Abeg, any update on stanbic? Did there bids scale thru
Re: Treasury Bills In Nigeria by megawax8: 10:31pm On Aug 17, 2016
ummitoagirl:
What a f'd up bank... I honest thought I saw the brand new 364 auction on the calendar, although @feelamong mentioned it wasn't happening several times.
Well, I will double my funds my next auction, no worries...

You now believe me.

Don't worry, the next auction is just 2 weeks away
Re: Treasury Bills In Nigeria by DoubleN(m): 10:44pm On Aug 17, 2016
Not successful with FCMB sad
Re: Treasury Bills In Nigeria by just2endowed: 11:30pm On Aug 17, 2016
Make I dey warm. Up. For next 2 weeks
Re: Treasury Bills In Nigeria by lilee2hot(f): 3:42am On Aug 18, 2016
Ryder306:
Abeg, any update on stanbic? Did there bids scale thru
Only 91 days scaled through.

2 Likes

Re: Treasury Bills In Nigeria by 40manlappy: 5:04am On Aug 18, 2016
lilee2hot:

Only 91 days scaled through.

You meant the bids quoted at their own rates, right?

Ryder306
Re: Treasury Bills In Nigeria by Nobody: 7:26am On Aug 18, 2016
lilee2hot:

Only 91 days scaled through.

Thanks.....i went with the bank rate. I look forward to be debited soon
Re: Treasury Bills In Nigeria by Nobody: 9:02am On Aug 18, 2016
Can anyone here confirm if he bidded for 91 days at the bank rate and his bid went through.

GTB bleeped me in the ass, i didnt quote any rate yet my account officer called and said the 91 days bid failed.
I have lost alot of money waiting for a week for this bid, i cant wait another 2 weeks. who has an idea the rate i can get at the sec market.

am so down right nw.

Who can recommend alternatives, i want to bid today need some lose cash ASAP.
Re: Treasury Bills In Nigeria by unite4real: 9:36am On Aug 18, 2016
overcomer123:
Can anyone here confirm if he bidded for 91 days at the bank rate and his bid went through.

GTB bleeped me in the ass, i didnt quote any rate yet my account officer called and said the 91 days bid failed.
I have lost alot of money waiting for a week for this bid, i cant wait another 2 weeks. who has an idea the rate i can get at the sec market.

am so down right nw.

Who can recommend alternatives, i want to bid today need some lose cash ASAP.

The only reason for failure when you go with bank's rate is that your request was not processed or GTB was not successful with their own bid. How can this be?

Going with bank's rate means any rate to a maximum of the stop rate. so what are they saying?

How can they say it failed. I smell something like KEEPING UR MONEY FOR THEIR DAILY BUSINESS

1 Like

Re: Treasury Bills In Nigeria by Nobody: 9:41am On Aug 18, 2016
unite4real:


The only reason for failure when you go with bank's rate is that your request was not processed or GTB was not successful with their own bid. How can this be?

Going with bank's rate means any rate to a maximum of the stop rate. so what are they saying?

How can they say it failed. I smell something like KEEPING UR MONEY FOR THEIR DAILY BUSINESS

I tire oh.

she claims GTB was not successful for all their 91 days bids. that is for customers that went with the banks rate.
Re: Treasury Bills In Nigeria by feelamong(m): 10:17am On Aug 18, 2016
I think the issue with GT is based on the branch you deal with...

I have dealt with the Tiamiyu branch in VI a couple of times and it went well..

those who cannot wait should explore the secondary markets...14% is not a bad deal there..
Re: Treasury Bills In Nigeria by Nobody: 10:29am On Aug 18, 2016
feelamong:
I think the issue with GT is based on the branch you deal with...

I have dealt with the Tiamiyu branch in VI a couple of times and it went well..

those who cannot wait should explore the secondary markets...14% is not a bad deal there..

Please tell me how i can bid in the secondary market, the dumb account officer is saying she cant still confirm the rate.

IT so annoying. first she is sayin she is nt sure she will get exactly 91 days, now am like okay what rate and tenure can you get?

She is yet to get back to me.
Re: Treasury Bills In Nigeria by Nobody: 10:36am On Aug 18, 2016
@ feelamong can you guide me on the way t go abt it on the secondary market, cos i just think my account officer is playing some games with me.

Are the rate negotiable to?

if yes how?

What are my chances of getting 14 percent?

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