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Treasury Bills In Nigeria - Investment (245) - 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 mavverick: 2:19pm On Dec 29, 2016
Anyone know the next auction date ?
So hard to find this info, anyone also dealt with GTB ?
Re: Treasury Bills In Nigeria by jp130(m): 2:41pm On Dec 29, 2016
mavverick:
Anyone know the next auction date ?
So hard to find this info, anyone also dealt with GTB ?

2 Likes

Re: Treasury Bills In Nigeria by NoQualms1(f): 9:43pm On Dec 29, 2016
NoQualms1:
Is anyone using standard chartered bank for NTB? I hope to invest through them. What is their minimum? Any other information will be appreciated. Thanks.

Please is no one using standard chartered bank here?
Re: Treasury Bills In Nigeria by Onboard1: 3:32am On Dec 30, 2016
BizErikah:
So i just submitted to keystone bank for tbills.
91 days at 13.99% 1.5m.
But I'm nervous d next auction rate might be lower than 13.99

What do you guys suggest? ?
This is my first time investing.

The last rate for 21 dec was 14% stop rate

When is the next auction date pls?
Re: Treasury Bills In Nigeria by BizErikah: 6:23am On Dec 30, 2016
Onboard1:


When is the next auction date pls?
The next auction is 5 jan
So u have to submit bids before 4th

2 Likes

Re: Treasury Bills In Nigeria by TopKol: 2:59pm On Dec 30, 2016
The auction is on Jan 4th and settlement date is Jan 5th. That means your request form must be received by Jan 3rd.

4 Likes

Re: Treasury Bills In Nigeria by adetunrayo(f): 11:26am On Jan 02, 2017
I hope the rate won't drop, now that xmas is over.
Re: Treasury Bills In Nigeria by Inca(m): 2:17pm On Jan 03, 2017
NoQualms1:


You surely can get it done at Stan Chart.
Just go and do the paperwork, please worry not about the rate.
But might be some fractions over 18%..
Cheers.

Please is no one using standard chartered bank here?
Re: Treasury Bills In Nigeria by Houstency(m): 3:59pm On Jan 03, 2017
Please is there 364days tenure for Treasury Bills for tomorrow? In CBN's NTB Issue Programme Q1 , there seems to be for 364 days but my bank is saying contrary.
Re: Treasury Bills In Nigeria by inze(m): 4:15pm On Jan 03, 2017
Houstency:
Please is there 364days tenure for Treasury Bills for tomorrow? In CBN's NTB Issue Programme Q1 , there seems to be for 364 days but my bank is saying contrary.

. . . there is. They claim so because the previous auction had not 364days (see table above)
Re: Treasury Bills In Nigeria by Houstency(m): 4:19pm On Jan 03, 2017
inze:


. . . there is. They claim so because the previous auction had not 364days (see table above)

Thanks Boss. I appreciate. I tried explaining to them that there is from CBN's Issue Programme from Q1.
Re: Treasury Bills In Nigeria by Baboo13(m): 5:30pm On Jan 03, 2017
Hello guys. The maturity days, is it based on 5 working days or the whole 7 days?
Re: Treasury Bills In Nigeria by nomad26: 6:12pm On Jan 03, 2017
Baboo13:
Hello guys. The maturity days, is it based on 5 working days or the whole 7 days?

It is based on calendar days, that is ' the whole 7 days'. For example, if you bid Nov. 30th 2016 for 182 days, it will mature 1st June 2017. I hope it is clear.
Re: Treasury Bills In Nigeria by Baboo13(m): 7:37pm On Jan 03, 2017
nomad26:


It is based on calendar days, that is ' the whole 7 days'. For example, if you bid Nov. 30th 2016 for 182 days, it will mature 1st June 2017. I hope it is clear.

Very clear. Thanks
Re: Treasury Bills In Nigeria by iamoasa: 5:58am On Jan 04, 2017
House I have a question pls, I want to invest in treasury Bill, I bank with GTBANK, is it advisable to let the bank bid for me at GTBANK stop rate or state my rate?
Re: Treasury Bills In Nigeria by victor54: 9:09am On Jan 04, 2017
iamoasa:
House I have a question pls, I want to invest in treasury Bill, I bank with GTBANK, is it advisable to let the bank bid for me at GTBANK stop rate or state my rate?

If u have sufficient info u can use ur rate. Their last rate for 91days was 13.7 but I went with 13.8.

1 Like

Re: Treasury Bills In Nigeria by BizErikah: 10:13am On Jan 04, 2017
victor54:


If u have sufficient info u can use ur rate. Their last rate for 91days was 13.7 but I went with 13.8.
Their stope rate as at 21 dec 2016 was 14
Re: Treasury Bills In Nigeria by BizErikah: 10:14am On Jan 04, 2017
Good morning guys
Let's hope for a successful bidding today
Re: Treasury Bills In Nigeria by victor54: 10:33am On Jan 04, 2017
BizErikah:

Their stope rate as at 21 dec 2016 was 14

Yea, u are correct but GTB rate was 13.7%.
Re: Treasury Bills In Nigeria by freeman67: 11:00am On Jan 04, 2017
Houstency:
For Stanbic IBTC
Dear .....,


Thank you for your mail.

Kindly find below the interest as the last bidding.

91days – 13.9900%
182days- 17.4000%
364days- 18.7000%

Also kindly provide us with your mobile number to enable contact and advise you further.

Best regards

Please let us know today's interest when the bidding is done..Thank you
Re: Treasury Bills In Nigeria by yak(m): 1:57pm On Jan 04, 2017
please pals, I dnt have upto 1m can I still invest in TB?
Re: Treasury Bills In Nigeria by freeman67: 6:39pm On Jan 04, 2017
yak:
please pals, I dnt have upto 1m can I still invest in TB?

Yes you can... but that will be for next auction but if you operate an account with stanbic IBTC you can verify if they have at the secondary market.
Re: Treasury Bills In Nigeria by todayo(m): 7:01pm On Jan 04, 2017
Good evening house.
Need someone to give us today's bidding result.
Thanks
Re: Treasury Bills In Nigeria by tulipsmadra: 8:02pm On Jan 04, 2017
Pls guys can one invest with as little as N200k, if yes which bank accept such amount.
Re: Treasury Bills In Nigeria by yak(m): 8:21pm On Jan 04, 2017
freeman67:


Yes you can... but that will be for next auction but if you operate an account with stanbic IBTC you can verify if they have at the secondary market.

thanks for the response. I think d next bid is in 2weeks time. meanwhile, I dnt, operate StanbicIBTC but zenith, WEMA or FidelityBank.
Re: Treasury Bills In Nigeria by ukay2: 8:39pm On Jan 04, 2017
Good evening ogas..

Happy new year. .

What are the results of the auction in today NTB bidding ??


Any body with the results shoulday post it here for us to see.

Thanks
Re: Treasury Bills In Nigeria by Onboard1: 9:21pm On Jan 04, 2017
freeman67:


Yes you can... but that will be for next auction but if you operate an account with stanbic IBTC you can verify if they have at the secondary market.
How does secondary market work?
Re: Treasury Bills In Nigeria by freeman67: 2:55am On Jan 05, 2017
yak:


thanks for the response. I think d next bid is in 2weeks time. meanwhile, I dnt, operate StanbicIBTC but zenith, WEMA or FidelityBank.

Fidelity should suffice. Yes next auction should be in 2 weeks time e.g on the 19/01/2017 according to the calendar. Meaning if you still intend to get before then, it will be from the secondary market. You can ask your bank if they do.

Onboard1:

How does secondary market work?

What is Primary Market
This is a market where new issues of securities are available for sale. The market for new issues in all government securities is the Issues Office, Central Bank of Nigeria.

What is Secondary Market?
This is the market for the trading of previously issued securities. Hence, tenors of the securities traded are shorter than the original tenors. In the case of treasury bills and treasury certificates which are money market instruments, the market is within and outside the Central Bank of Nigeria. The market in the CBN is located at the Securities Dealing Office and Settlement and Control Office, while the outside markets include Banks, Discount Houses, and Stock - Brokers. Transactions in development stocks in the secondary market are undertaken in Internal Funds Office, Banking Operations Department of the Central Bank of Nigeria through an appointed licensed stock - broker on the Nigerian Stock Exchange. While transactions in the FGN Bonds in the secondary market are to be undertaken on the floor of The Nigerian Stock Exchange through licensed Stock Brokers while Issue Office of Monetary Policy Implementation Divison of CBN serves as the Registrar to the issue. (frequently Asked question on CBN website)

Some people due to one reason or another would sometime want to liquidate part or all of their investment in treasury bills before maturity. It is on the secondary market that it is resold to other buyers.

1 Like

Re: Treasury Bills In Nigeria by Mfunkynation(m): 5:33am On Jan 05, 2017
As anyone recieve alert 4 successful bid via First Bank?
Re: Treasury Bills In Nigeria by freeman67: 6:42am On Jan 05, 2017
Mfunkynation:
As anyone recieve alert 4 successful bid via First Bank?

Too early bro,
Re: Treasury Bills In Nigeria by iamoasa: 10:55am On Jan 05, 2017
victor54:


If u have sufficient info u can use ur rate. Their last rate for 91days was 13.7 but I went with 13.8.

Thanks guys for the responses.

I have another question pls, I know that interest is paid upfront in Treasury Bill, if my bid is successful , will the interest be invested together with the capital automatically OR do I need to state that in my letter to the bank that I want both the capital and interest to be invested?

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