Treasury Bills In Nigeria - Investment (289) - Nairaland
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| Re: Treasury Bills In Nigeria by gentlemate00: 11:24am On Apr 08, 2017 |
I have email all the bank you listed and waiting for their response which will be on Monday working hours. I will update the info regarding each banks. Note: zenith bank have auction open 19th April anyone have account with them can confirm again. awesomeJ: |
| Re: Treasury Bills In Nigeria by gentlemate00: 4:23pm On Apr 08, 2017*. Modified: 10:00pm On Apr 10, 2017 |
Access bank plc Dear xxxx Thank you for taking the time to write us. Please be informed that the Federal Government conducts a primary auction on bond once every month in which they usually issue 5, 10 and 20 year maturity investments. Minimum amount for is N100, 000.00, there’s no maximum amount. Kindly note we have a rate of return of 13.5% on an investment volume of 200,000,000 for a period of 363days for treasury bills and the minimum amount is N100,000. However, you are required to have an account with us to enable you invest. FBN Merchant Bank Limited. Dear xxxxx Further to your enquiry regarding investment opportunities with FBN Merchant Bank Limited, We offer and deliver a broad range of financial solutions, to meet the unique, wide and varying circumstances and desires of our clients. Our minimum investment amount for FGN bond/Treasury bills (Primary Market) is N50,001,000.00 (Fifty Million Naira Only) and the rate offering is as announced by CBN at the end of the auction while our minimum investment amount for treasury Bills/bonds in our portfolio (Secondary Market) is N1,000,000.00 (One Million Naira Only) and the rate offering for secondary market is dependent on the tenor and the amount to be invested Diamond bank Dear xxxxxx Thank you for your mail Sequel to your enquiry, please note that we facilitate investment in Treasury Bills instruments issued at a discount by the Central Bank of Nigeria (CBN) on behalf of the Federal Government. The minimum investment in Treasury Bills is N1,000, 000 and a charge of 0.25% applies. Please find the procedure below for investing/bidding for treasury bills through Diamond bank at the auction; · CBN Treasury bill auctions are done biweekly. · The duly signed investment instruction should be submitted through your account officer · The bid request must state clearly the tenor (e.g. 91,182 or 364 day bills) , bid rate (prevailing market rate), · Your account must be funded before the auction bid request will be submitted to CBN. · The Treasury bill is credited to DB PLC’ Bills Portfolio with CBN upon successful purchase. · There is a service charge of 0.125% on the principal amount, factoring the tenor of the investment · Interest is earned upfront (issued at a discount to face value) Please find below treasury bills tenor and rates available for 7th April, 2017. Tenor of 91 days has an interest rate of 13% with a maturity date of 6th July 2017. Tenor of 182 days has an interest rate of 16.50% with a maturity date of 5th October 2017. Tenor of 364 days has an interest rate of 17.50% with a maturity date of 5th April 2018. First bank plc Thank you for contacting FirstContact. Treasury bill is an investment instrument managed by the Federal Government of Nigeria through the CBN. Auctions are held every Wednesday forthnight. Minimum Investment amount is N100,000 and application request must be submitted on Monday preceding the Auction date. While for bonds, minimum amount that could be invested is N10, 000.00. Currently, FGN bonds have original tenors of 3, 5, 7, 10 and 20 years. However, bonds can also be gotten with lesser tenors in the secondary market through First Bank. Pls note the email was posted here for newbie who need to know bank minimum amount needed for investment. 3 Likes |
| Re: Treasury Bills In Nigeria by battleaxe: 5:13pm On Apr 08, 2017 |
Most of the info requested here is available on the DMO website. Minimum requirement for bond purchase at the primary auction is now 50,001,000. The forms have even been revised to state this new sum. The minimum for the FGN savings bond is different but so is the tenor and yield. Bond secondary purchase has been 100 million for some time. Not sure if it has been increased upward. |
| Re: Treasury Bills In Nigeria by davit: 7:51pm On Apr 08, 2017 |
By my calculation, Diamond Bank gave me 13.10% for the 500k I invested with them for 92 days. Is that fair enough house? April 7 |
| Re: Treasury Bills In Nigeria by amjustme2: 10:25pm On Apr 08, 2017 |
Investment houses like ARM and banks , which is more better for Treasury Bill investment? |
| Re: Treasury Bills In Nigeria by oneroflo57(m): 9:31am On Apr 09, 2017 |
oneroflo57:
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| Re: Treasury Bills In Nigeria by Nobody: 2:09pm On Apr 09, 2017 |
amjustme2:Use First Bank Nigerian. Their secondary market rates are unbeatable...thank me later.. |
| Re: Treasury Bills In Nigeria by ekunade: 9:40pm On Apr 09, 2017*. Modified: 12:28am On Apr 11, 2017 |
oneroflo57:Prolly a scam |
| Re: Treasury Bills In Nigeria by oneroflo57(m): 6:18am On Apr 10, 2017 |
ekunade:I want more light that's why I brought it here |
| Re: Treasury Bills In Nigeria by jpphilips(m): 11:27am On Apr 10, 2017 |
Alikote:This is a Treasury bills thread not a keke Marwa thread, do yourself a favour by opening one. 7 Likes |
| Re: Treasury Bills In Nigeria by amjustme2: 4:31pm On Apr 10, 2017 |
[quote author=oneroflo57 post=55401790][/quote]Sometimes what looks too good to be true are actually too good to be true. The higher the profit, the higher the risk. Invest wisely 4 Likes |
| Re: Treasury Bills In Nigeria by Nobody: 7:32pm On Apr 10, 2017 |
[quote author=oneroflo57 post=55401790][/quote]You are being used as a black catcher, you need not bring too truthful to be real investment on dz thread Your apology is rejected.Dz is how myopic and unserious greedy investors started with mmm You are warned to delete dz your post immediately |
| Re: Treasury Bills In Nigeria by awesomeJ(m): 9:40pm On Apr 10, 2017 |
jpphilips:I think Mr Alikote has a similar mindset to those of the DMO guys. Like them, he feels peeps who don't have huge funds to invest should not partake in t-bills. So in his opinion, if I'm a young bachelor who has a day job from which I've been able to save say 720,000.00 in a year, I should quit my day job to go buy keke with the funds, but I should never consider T-bills investment simply because my returns would not be huge. Two things he should however know are 1. Most people who do t-bills do it for passive income, and so they are often comfortable with whatever returns the investment brings. 2. Most peeps here for whom your advice might be intended are smart enough to weigh their options and take decisions, and so they'd rather say "no thanks" to the help you're offering. I think a third one would be for you to realise that we don't expect our huge capital to fall from heaven, we rather want to consistently grow them from wherever they're at, and at whatever pace we can. 12 Likes 1 Share |
| Re: Treasury Bills In Nigeria by Nobody: 9:48pm On Apr 10, 2017 |
awesomeJ:some body complained that the interest he made was too small then i told him why will he keep 500 k and earn 90 k peranum ask interest that 7 k permonth he not a smart investor then i suggested he should do any other business the the fund .. 1 Like |
| Re: Treasury Bills In Nigeria by zamirikpo(m): 6:34pm On Apr 11, 2017 |
Alikote:No matter how small ur funds are, saving via TB is always better than just leaving d money in a savings account, as long as u dont intend to use it immediately. Little drops of water would ultimately make a mighty ocean. Am so addicted to this interest rates that the moment i can save 1m, am thinking of TB.....i feel so comfortable spending d resultant interest. It helps me save and spend at the same time. Eg. I have 1m, instead of buying a phone for a 100k and saving 900k, i buy TB for a yr,the interest of 180k would be used to buy d phone and i would still have left over, and remember i have also succeeded in saving 1m. 28 Likes 1 Share |
| Re: Treasury Bills In Nigeria by slimtriggaman: 7:57pm On Apr 11, 2017 |
I am a living example, i wanted to buy brandnew tyres, the bill was 47k, i did a tbills investment for 90days and got 49k discount interest upfront. I have changed my tires and had extra 2k for fuel, while my principal some is counting down till july to return to my account. zamirikpo: 12 Likes 1 Share |
| Re: Treasury Bills In Nigeria by ihedioramma: 10:32pm On Apr 11, 2017 |
zamirikpo:TRUTH . |
| Re: Treasury Bills In Nigeria by Houstency(m): 10:48pm On Apr 11, 2017 |
Alikote:Good day sir, please do expatiate on the part of the country one can get such returns on Keke business. Making reasonable profits from Keke business is largely dependent on the area you plying (aside trust issues). Thanks sir in anticipation 2 Likes |
| Re: Treasury Bills In Nigeria by Nobody: 11:08pm On Apr 11, 2017 |
zamirikpo:am a veteran tb guy 14 years fixed deposite 16 years  small investor need do business that can generate 30 percent per month if na only one milla be your money u go buy tb then live on 180 for the whole year... |
| Re: Treasury Bills In Nigeria by Nobody: 11:10pm On Apr 11, 2017 |
18 is among the highest rate in a decade we where on 9 percent per anum just 2 year ago |
| Re: Treasury Bills In Nigeria by zamirikpo(m): 1:06am On Apr 12, 2017 |
Alikote: very funny, hop u read d part where i said (if i raise 1m)u should have deciphered that i have a primary source of livelihood .......d 180k na just for phone and maybe pocket money until i can raise another 1m for TB.(moreover it was just an illustration ). u just want me to talk....ni. then which business is paying u 30% interest monthly......am sure MMM has crashed. 8 Likes |
| Re: Treasury Bills In Nigeria by Nobody: 7:41am On Apr 12, 2017 |
zamirikpo:u still be learner for money market u be yesterday u start tb  but for other to learn let me explain i ran a cement distribution outlet in abuja before price went up i normally buy 900 bags @1650 and sold @1800 that a spread of 150 gross at the shop less 50 cost of sale am left with 100 net profit my over head is very low cause there no need for electricity in a cement shop ...i normally sale around 1800 permonth on the average and give me a net profit of 180 k monthly on and investment of 1.45m the 50 naira cost of sale generates 90 k permonth this cover salary of sale boy and shop rent on a good month order for a truck do come in and generate instant 90 k no stories ...so why will i put 1.45m in tb @18 percent per anum while i can get 180 percent per anum ...nb u think dangote ,adeguga,otedola and million of igbo traders dont know about tb 2 Likes 1 Share |
| Re: Treasury Bills In Nigeria by Nobody: 7:49am On Apr 12, 2017 |
pls i dont want to divert the thread oh am an investor in bond ,tb ,fixed income securities and a trader i was just suggesting to a person that was complaining that the interest he got was small may be he was thinking 18 permonth ..so i suggested he uses his capital for sme instead tb sweet pass when you capital is big or u have other source of income ...inflation is 18 -25 percent and tb pay 18 -22 percent in real term hence to made only 3 perecent as real money |
| Re: Treasury Bills In Nigeria by Nobody: 8:01am On Apr 12, 2017 |
let me break it down for peers that dont understand two years ago supergetti gloden penny was 120 naira if i used 1 million naira to purchase i will have 8333.3 pack but in 2017 inflation jumped to 18 percent same supergetti now @200 if i used 1 million i will get 5000 packs 8333.3-5000 =3333.3 that your lost 3333.3@200=666,666 this your lost if the money was in tb for that 2 year it would have been 1,28000,00 /200 =6400 packs 8333.3-6400=1933.3@200=386,660 thousand Naira lost u need to understand money ,money is not about the amount written on the paper but the acceptable value it provides that the real thing in the paper 5 Likes |
| Re: Treasury Bills In Nigeria by Nobody: 9:25am On Apr 12, 2017 |
Zenith, UBA, 4 Others Make N241bn In TBills Investment By Kayode Tokede, Lagos — Apr 12, 2017 12:21 am | Leave a comment Six money lending banks have raked in N241 billion interest from their investments in Treasury Bills in 2016, LEADERSHIP learnt yesterday. They are Zenith Bank, United Bank for Africa, Access Bank, Stanbic/IBTC Holdings Plc, Guaranty Trust Bank and Wema Bank. This followed federal government’s increased issuance of Securities, including Bonds and Treasury-Bills (T-Bills) in 2016. According to a report obtained by our correspondent, the income earned by these banks increased to N241 billion in 2016 from N204.96 billion earned in 2015.The federal government was expected to borrow around N984 billion through T-Bills & bonds from local market and N900 billion from foreign borrowing to bridge its budget deficit, which is estimated at N2.22trillion in the 2016 budget. Commercial banks’ investment in federal government risk-free business and high yield investment securities soared in 2016 as Central Bank of Nigeria (CBN) continued to raise capital through T-Bills. T-Bills are short-term debt instruments issued by the federal government through the CBN to provide short term funding for the government. They are by nature, the most liquid money market securities and are backed by the guarantee of the federal government. Specifically, Guaranty Trust Bank’s Interest generated from T-Bills in 2016 gained 17 per cent from N45.9 billion in 2015 to N53.7 billion in 2016, while Zenith bank interest income on T-Bills investment rose by 16.2 per cent to N60.2 billion from N51.8 billion recorded in 2015. United Bank for Africa’s interest income on T-Bills investment rose by 24.5 per cent to N45.8 billion from N36.7 billion. Access bank generated N44.88 billion interest on T-Bills in 2016 from N44.35 billion, while Stanbic IBTC Holding interest income on securities appreciated by 54 per cent to N31.36 billion from N20.29 billion in 2015. Lately, Wema bank interest income on T-bills thus dropped by 8.6 per cent to N5.2 billion from N5.75 billion in the previous year. However, the above commercial Banks had invested N1.78 trillion in T-Bills last year. Of the six banks, Access Bank has the highest proportion of investment in T-Bills, followed by Wema Bank and Stanbic IBTC Holdings. Access bank investment in T-bill rose by 139.2 per cent to N69 billion from N28.99 billion while Wema bank total investment in T-Bills increased by 122.8 per cent to N35.6 billion from N15.96 billion recorded in 2015. The breakdown of Wema Bank investment in T-Bills revealed that the lender’s invested N3 billion available-for-sale investment securities in T-bills last year as against N7.48 billion in prior year. The bank has N238 million held for trading investment in T-Bills, 94 per cent below N4.7 billion in 2015 and N32.3 billion T-bills held to maturity investment in 2016 as against N3.79 billion recorded in 2015. Stanbic IBTC investment in T-Bills gained 61 per cent from N149 billion to N240 billion in 2016. Other Tier One Banks with huge investment in T-Bills are Zenith Bank that invested N557.4 billion in T-Bills from N377.9 billion recorded in 2015, followed by Guaranty Trust Bank that has N421.2 billion available for sale investment securities in T-Bills from N351 billion in 2015 and N65 billion Held to maturity investment securities in 2016 as against N20.18 billion in 2015. Furthermore, United Bank for Africa investment in T-Bills appreciated by nearly 15 per cent from N344.59 billion to N395.87 billion in 2016. Commenting on Banks investment in T-Bills, The Head, Research and Strategy at GTI Securities Limited, Mr. Chucks Anyanwu, said, investment in T-Bills is safe and returns are constant whether the nation’s economy goes severe. According to him, government has to borrow using the T-Bills and Bond following the dwindling global oil prices In his words: “The effect of global oil prices has forced government to break and there was urgent need for government to grow its borrowing to be able to fund projects across the country. Out outlook as far as foreign borrowing in 2016 was dim because our reserve was down and were not attractive country to borrow funds. “There was a lot of loan loss provisions by commercial banks attributed to contraction in Gross Domestic Products (GDP). The nation’s economy in 2016 was in shambles and banks been the critical segment of the any economy were major casualties. “Last year, Nigeria was in a situation where Government needed funds while banks needed safety of investment – there was a collective needs that was meant. “The reason why commercial banks were exposed to T-Bills was because they were looking for safe havens, deploy their assets where it will safe and make high yield on investment.” He noted that banks were the only investors that fit into investment in T-Bills and Bond Market, given illiquidity in the nation’s economy. He explained that commercial banks investment in T-Bills was a strategy to diversify their portfolio cases. Explaining further, he said, “There is nothing bad in commercial banks investing in T-Bills provided they were not neglecting credit creation to the real sector. Banks are created to make money besides their financial intermediary”. CBN, in its Financial Stability Report for 2016 said the T-Bills of 91-, 182- and 364-day tenors totalling N2.1 trillion were issued and allotted during the second half of 2016. This represented a decrease of 14.61 per cent, when compared with N2.5 trillion recorded as at June 2016. The Financial Stability Report by CBN explained that total subscription was lower at N3.62 trillion, depicting a decrease of 28.41 per cent, when compared with N5.1 trillion recorded in the first half of 2016. CBN noted that the decrease in T-Bills issued, allotted and subscribed was attributed to the tight liquidity in the banking system precipitated by the sustained mop-up by the CBN, provisioning of funds by banks for the special foreign exchange interventions for Forwards transactions at the foreign exchange market. |
| Re: Treasury Bills In Nigeria by unite4real: 9:32am On Apr 12, 2017 |
Alikote:Your analysis is biased on the spike in inflation. What if spagetti price drops to N150 when economy improves. do your analysis again. this time use 5 years TB and make sure you are fair with the interest rate. Your analysis seems to be 14%. I believe you know that spagetti was between N100 - N120 in 2012. Between 2012 and now, spagetti must have increased by 66%. If you understand what true yield is, you will agree that in 5 years, TB will net you between 90% to 100% of principal. The long term goal is important to me more than what transpired in the last 18 months. 1 Like |
| Re: Treasury Bills In Nigeria by Nobody: 9:43am On Apr 12, 2017 |
unite4real:i understand true yield and compound interest in 2017 the true yield is around 22 percent becos ur interest is given to you at the starting off front ...it only when ur reinvest the upfront interest that when you earn the true yield off 22 perecent but if you buy 1 phone with it no true yield 1 Like |
| Re: Treasury Bills In Nigeria by Nobody: 9:47am On Apr 12, 2017 |
historically things hardly drop significantly in nigeria...fuel cannot go back to 65 naira dollar will not go back to 120 so why will spaghetti go back to 150 when the cost component cereal is imported in dollars and transported in 210 naira diseal we call it cost component 4 Likes |
| Re: Treasury Bills In Nigeria by Nobody: 9:53am On Apr 12, 2017 |
if your invested 10 m naira 2014 by now your would gotten around 16 million naira by 2018 jan.....but 10m was equal to 55,555 dollar in 2014 so i if just kept my 55,555 dollar as home or in domiciliary account and sold 520 X55,555=28 million naira while your tb will be 30 thousand dollars nb the 55,555 thousand dollar was not invested .... |
| Re: Treasury Bills In Nigeria by Nobody: 9:55am On Apr 12, 2017 |
that why the oyinibo invested rush the nijia euro bond@7 percent..cbn will just print new naira and pay us back our tb but our ability to purchase good has diminsh |
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