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Treasury Bills In Nigeria - Investment (390) - 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 Olarewajub: 10:23pm On Sep 14, 2017
Is there any advantage of the Primary market over secondary?

1 Like

Re: Treasury Bills In Nigeria by bablowizad(m): 9:08am On Sep 15, 2017
Please i have First bank TB of 3.5m at 18.5% for 289days effective date 20th June 2017.

If I want to terminate 2day 15th Sep. What is the likely penal charges and other charges?

Thank you.
Re: Treasury Bills In Nigeria by dipoolowoo: 10:12am On Sep 15, 2017
Subscription for FG’s Sovereign N100b Sukuk Begins
https://www.businesspost.ng/2017/09/15/subscription-fgs-sovereign-n100b-sukuk-begins/
Re: Treasury Bills In Nigeria by confluence: 10:58am On Sep 15, 2017
i got 17.2% for 202 days from First Bank
Re: Treasury Bills In Nigeria by dipoolowoo: 11:29am On Sep 15, 2017
Nigeria’s Inflation Drops to 16.01% in August
https://www.businesspost.ng/2017/09/15/nigerias-inflation-drops-16-01-august/
Re: Treasury Bills In Nigeria by walexlo78: 11:31am On Sep 15, 2017
Dears, this SUKUK offer makes some sense compared to the FGN bond and with respect to the TB declining rate. How secured is our fund though I read that its backed by FGN. I also did not get the full prospectus yet to get some more details. Anyone has it? Is it something that we should shook head in grin grin

dipoolowoo:
Subscription for FG’s Sovereign N100b Sukuk Begins
https://www.businesspost.ng/2017/09/15/subscription-fgs-sovereign-n100b-sukuk-begins/
Re: Treasury Bills In Nigeria by ukay2: 11:54am On Sep 15, 2017
I got 16.7% for 314 dsys from stanbic ibtc bank


Cc. Feeamong etc
Re: Treasury Bills In Nigeria by yemi247: 12:07pm On Sep 15, 2017
First Bank is going great for NTB secondary market. A friend just got 118days at 17.5%.

1 Like

Re: Treasury Bills In Nigeria by feelamong(m): 12:15pm On Sep 15, 2017
ukay2:
I got 16.7% for 314 dsys from stanbic ibtc bank


Cc. Feeamong etc

rates are fast coming down...

seems FBN have the best rates at the moment...
Re: Treasury Bills In Nigeria by NL1960: 12:24pm On Sep 15, 2017
I just got alert from Stanbic for yesterday's Primary auction. 17.34 for 364 days tenor. cool
Re: Treasury Bills In Nigeria by pawn89(m): 12:27pm On Sep 15, 2017
I got 17.25% from the primary auction for a 364 days from Zenith bank
Re: Treasury Bills In Nigeria by Nobody: 12:30pm On Sep 15, 2017
pawn89:
I got 17.25% from the primary auction for a 364 days from Zenith bank

Wow cool
Re: Treasury Bills In Nigeria by RealityShot: 1:12pm On Sep 15, 2017
NL1960:
I just got alert from Stanbic for yesterday's Primary auction. 17.34 for 364 days tenor. cool
Wow! Wow!

Banks have really started winning this battle oh!

1% drop in just 2weeks interval! Scary!
Re: Treasury Bills In Nigeria by zamirikpo(m): 1:29pm On Sep 15, 2017
RealityShot:

Wow! Wow!

Banks have really started winning this battle oh!

1% drop in just 2weeks interval! Scary!

Wahala dey ooh. So by January this thing may have come down to 10%.

1 Like

Re: Treasury Bills In Nigeria by Investnow2017: 1:46pm On Sep 15, 2017
zamirikpo:


Wahala dey ooh. So by January this thing may have come down to 10%.


It doesn't work that way. It will drop for a while [/b]and remain [b]stable for a while. Hope this is understood smiley

.
Re: Treasury Bills In Nigeria by Kevostica(m): 1:47pm On Sep 15, 2017
zamirikpo:

Wahala dey ooh. So by January this thing may have come down to 10%.
I guess now TB rate is coming down MMF rate will also come down abi?
Re: Treasury Bills In Nigeria by Investnow2017: 1:49pm On Sep 15, 2017
Kevostica:


I guess now TB rate is coming down MMF rate will also come down abi?

Not immediately. Current rates may stay for another quarter.


.
Re: Treasury Bills In Nigeria by Nobody: 2:19pm On Sep 15, 2017
Can the rate come down to inflation rate or below (16.01%)
Re: Treasury Bills In Nigeria by NL1960: 2:56pm On Sep 15, 2017
RealityShot:

Wow! Wow!

Banks have really started winning this battle oh!

1% drop in just 2weeks interval! Scary!

It is not banks o. Since announcement by the government to finance TB with dollar bonds, people here have been saying that rates will start dropping and that people should lock in for the long term. So it has started happening. Moreover, inflation rate is dropping.
Re: Treasury Bills In Nigeria by RealityShot: 3:20pm On Sep 15, 2017
NL1960:


It is not banks o. Since announcement by the government to finance TB with dollar bonds, people here have been saying that rates will start dropping and that people should lock in for the long term. So it has started happening. Moreover, inflation rate is dropping.
if i hear..

the dollar bond thingy has not even been approved (or has it?)

So whose bidding that low? On what premise?

MPR has not changed (and wont till january)..

Crude price has not reached 65dollars self..

so whatELSE is causing the sudden drop?
Re: Treasury Bills In Nigeria by NL1960: 3:45pm On Sep 15, 2017
RealityShot:
if i hear..

the dollar bond thingy has not even been approved (or has it?)

So whose bidding that low? On what premise?

MPR has not changed (and wont till january)..

Crude price has not reached 65dollars self..

so whatELSE is causing the sudden drop?

You have a point. Let us see the rates from other banks as i do not want to believe that the banks have formed a TB Union so as to be bidding at about the same rate.

Who has the rates for GTB and First Bank?.
Re: Treasury Bills In Nigeria by jp130(m): 5:25pm On Sep 15, 2017
My bid wasn't successful n it was returned. I hop I will b lucky next week.
Re: Treasury Bills In Nigeria by dipoolowoo: 6:06pm On Sep 15, 2017
DMO Releases FGN Bond Issuance Calendar for Q3
https://www.businesspost.ng/2017/09/15/fgn-bond-issuance-calendar-q3/
Re: Treasury Bills In Nigeria by AkDave1: 7:15pm On Sep 15, 2017
The stop rate for 364 days tenor was 17.75% ... This, I think impacted the rates... Lucky I bidded last auction... The era if 18% plus is gone ooo...
Best catch the tide of this 17% lest it goes again..
NL1960:


You have a point. Let us see the rates from other banks as i do not want to believe that the banks have formed a TB Union so as to be bidding at about the same rate.

Who has the rates for GTB and First Bank?.


Re: Treasury Bills In Nigeria by michael03: 7:25pm On Sep 15, 2017
Pls what is d stop rate for 184 days tennor nd 91days
Re: Treasury Bills In Nigeria by Nobody: 7:37pm On Sep 15, 2017
michael03:
Pls what is d stop rate for 184 days tennor nd 91days

1 Like

Re: Treasury Bills In Nigeria by michael03: 7:51pm On Sep 15, 2017
adegokekemi:


tanks a lot I appreciate but I invested in GTB nd even sent my bid on Tuesday to bit d time nd av not heard anytin from dem sinc den,did any1 invested wit GTB dis wk? Cos I bided 17.25% for 182 days so I biliv it shld go thru
Re: Treasury Bills In Nigeria by michael03: 7:56pm On Sep 15, 2017
Pls how can i see all my investments in the online banking platform.
Re: Treasury Bills In Nigeria by meetchandus(m): 7:59pm On Sep 15, 2017
jp130:
My bid wasn't successful n it was returned. I hop I will b lucky next week.

Please are you certain there will be another auction next week.
Re: Treasury Bills In Nigeria by Nobody: 8:13pm On Sep 15, 2017
meetchandus:


Please are you certain there will be another auction next week.

Check D's
http://www.pmnewsnigeria.com/2017
Re: Treasury Bills In Nigeria by Partnerbiz3: 8:28pm On Sep 15, 2017
bablowizad:
Please i have First bank TB of 3.5m at 18.5% for 289days effective date 20th June 2017.

If I want to terminate 2day 15th Sep. What is the likely penal charges and other charges?

Thank you.
My bro, I was surprised that nobody here knows the answer to this question. I have asked similar questions many times and nobody has given a reasonable answer..
Re: Treasury Bills In Nigeria by chukzyfcbb: 9:07pm On Sep 15, 2017
Kevostica:

Reinvested interest with the same rate? cos a staff of IBTC told me that reinvested interest will still be the same rate,according to her no increment on the rate when the interest is collected at maturity
Uhmm actually ur rates will increase but you won't see the quotation on paper. let's do this example.
Supposed you successfully bidded at 364days 10%
1million naira.
You know that 900,000 will be taken
with 100,000 paid upfront, abi.
I am not accounting for charges so you will understand my point.
In the actual sense, you invested 900,000 to reap 1million after 364days, that's what's called true yield
which is 11%.

Now suppose you reinvest your interest, you will get that true yield of 11%,
This is how
So assuming you ticked re invest interest
on the form,
that your 100k that was paid upfront
will be re-invested at that 10% bringing your total sum to

1m capital
100k +
10k
gotten from the reinvested interest
total = 1,110,000

so now u see that you Invested 1million and got 1.11m
getting the true yield at 11%

We have discussed this so many times here.
even oga feelamong has taken time to explain it in the early pages of this thread.

That man who reinvested his interest at 18% has made his money move at nothing less than 21%.

1 Like

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