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Treasury Bills In Nigeria - Investment (496) - 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 awesomeJ(m): 3:13pm On Apr 08, 2018
Alikote:
am looking at the reduction in volume at the 2 qrt..by 50 percent from the table this means more fund chasing few tb the rate will futher go down expect other avenue avail itself then fixed income investor move there but for now economy not growing
Sure sir.

But if the CBN still maintains a tightening stance, they will issues OMO bills to make up.

Remember Q4' 2015 when rates were super low, T-bills volume was huge, but OMOs were pretty scarce. I think MPR was set at 11 or 12% then.

This CBN I'm seeing doesn't want single digits for T-bills yet, but I'm sure the DMO does. They want the least possible debt service cost.

I am only being optimistic o. You know optimism sometimes makes you have a biased view, so maybe I do.
Re: Treasury Bills In Nigeria by Pentools(m): 6:17pm On Apr 08, 2018
freeman67:



Maturing 4th but will drop in your account on 5th. 4th is Wednesday TB proceeds is rarely credit on Wednesday cos that's the auction day. Thursday is FBN settlement day after auction.. So check your account from 9:00am on 5th.

Hello sir please can I have ur mail id, I'd like to discuss a pressing financial recommendations with you. Thanks!
Re: Treasury Bills In Nigeria by Nobody: 8:19pm On Apr 08, 2018
TONY56:



How is that a problem?
If you decide to pick the 86days tenor at 12.6%, what you will earn as up front interest is just about N8,930 and by the time the bank deduct charges it will reduce to maybe about N8,500.

The bank is right na.

Oo what we're you expecting?

He was expecting the annual rate
Re: Treasury Bills In Nigeria by dipoolowoo: 12:05pm On Apr 09, 2018
Re: Treasury Bills In Nigeria by dipoolowoo: 1:16pm On Apr 09, 2018
Re: Treasury Bills In Nigeria by RealityShot: 2:30pm On Apr 09, 2018
Seun:
We need a competent moderator who is not a troll. For some reason all the moderators have lost interest. Who is interested in moderating?
Re: Treasury Bills In Nigeria by Nobody: 6:02pm On Apr 09, 2018
Someone help me with Q2 timetable please
Re: Treasury Bills In Nigeria by Ugoerico(m): 6:41pm On Apr 09, 2018
Please what is the default fine for TB, I mean applying for withdrawal of your capital before maturity, how much wud u be charged for such default.
Capital of 1.5mil
Re: Treasury Bills In Nigeria by Nobody: 8:28pm On Apr 09, 2018
Please house, how can I know when treasury bill is on sale?
When is the next auction?
Re: Treasury Bills In Nigeria by Nobody: 8:49pm On Apr 09, 2018
bisiki2:




2nd quarter
Re: Treasury Bills In Nigeria by Nobody: 8:52pm On Apr 09, 2018
2nd quarter schedule

1 Like

Re: Treasury Bills In Nigeria by Nobody: 9:26pm On Apr 09, 2018
GODAKPAN:
2nd quarter schedule
they increase the volume of 6 months as a trap to reduce interest payment by the time it mature rate for don drop to 10 ....

1 Like

Re: Treasury Bills In Nigeria by ositadima1(m): 6:35am On Apr 10, 2018
RealityShot:

Seun:
We need a competent moderator who is not a troll. For some reason all the moderators have lost interest. Who is interested in moderating?


But trolling is more fun, who wants to be a mean moderator, am sure they all wear big black reamed glasses and have bad breath.

grin grin

1 Like

Re: Treasury Bills In Nigeria by stanleyuzoh022: 5:41pm On Apr 10, 2018
Good evening investors,

My friend just bought treasury bill worth 6.5M
for 93 days as indicated in the mail from the bank. He got debit of 6,317,821.92 from his Diamond Bank account.

Please, how many % was he given?
How much does he receive upon maturity?

I n my friend don’t know much about it as he was guided by someone, so i need a clarification because i am interested.

Thanks and God bless.
Re: Treasury Bills In Nigeria by Nobody: 5:45pm On Apr 10, 2018
stanleyuzoh022:
Good evening investors,

My friend just bought treasury bill worth 6.5M
for 93 days as indicated in the mail from the bank. He got debit of 6,317,821.92 from his Diamond Bank account.

Please, how many % was he given?
How much does he receive upon maturity?

I n my friend don’t know much about it as he was guided by someone, so i need a clarification because i am interested.

Thanks and God bless.
u will be credited with 6.5 u made 283 k for 3 months
Re: Treasury Bills In Nigeria by Desanta(m): 8:39pm On Apr 10, 2018
Alikote:
u will be credited with 6.5 u made 283 k for 3 months

You mean 183k for 3 months.
Re: Treasury Bills In Nigeria by Nobody: 8:40pm On Apr 10, 2018
Desanta:


You mean 183k for 3 months.
yes
Re: Treasury Bills In Nigeria by eniorisha(m): 7:33am On Apr 11, 2018
Hello, good people, my fbn TB alert will drop on fri 13th. i'm a prospectv corp member going to camp on next thus 19th. i want to lock my fund in tb pry mkt(fbn) for d next 365 days. if i apply today or tomorrow, will it be completed b4 d 19th?
Re: Treasury Bills In Nigeria by TONY56: 12:10pm On Apr 11, 2018
stanleyuzoh022:
Good evening investors,

My friend just bought treasury bill worth 6.5M
for 93 days as indicated in the mail from the bank. He got debit of 6,317,821.92 from his Diamond Bank account.

Please, how many % was he given?
How much does he receive upon maturity?

I n my friend don’t know much about it as he was guided by someone, so i need a clarification because i am interested.

Thanks and God bless.


If what you stated above is true, then go back to the mail from the bank and the rate (%) must be in it.

2. Hr will receive N6.5m at maturity.
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:23pm On Apr 11, 2018
eniorisha:
Hello, good people, my fbn TB alert will drop on fri 13th. i'm a prospectv corp member going to camp on next thus 19th. i want to lock my fund in tb pry mkt(fbn) for d next 365 days. if i apply today or tomorrow, will it be completed b4 d 19th?
Are you certain, the bills will mature on Friday 13th? Cos the next date for NTB maturity is Thursday 19th. If however what you said is true, perhaps you were sold OMO bills rather than NT bills.

In that case, the earliest time you can reinvest is that same Friday 13th in the secondary market. But it's very unlikely for you to get 364 days. Given that bills from the last auction will have run for 8 days by that time, the longest tenor that'll be available to you should be 356days. However, you may want to wait till Monday 16th, as it has been said here that FBN tends to offer juicy rates on Monday mornings.

If you choose to wait for the next primary market auction then submit your bid for the 18th April auction by Monday 16th, or if possible by Friday 13th when your funds reach you.

1 Like

Re: Treasury Bills In Nigeria by awesomeJ(m): 12:34pm On Apr 11, 2018
stanleyuzoh022:
Good evening investors,

My friend just bought treasury bill worth 6.5M
for 93 days as indicated in the mail from the bank. He got debit of 6,317,821.92 from his Diamond Bank account.

Please, how many % was he given?
How much does he receive upon maturity?

I n my friend don’t know much about it as he was guided by someone, so i need a clarification because i am interested.

Thanks and God bless.
Let me first ask, how come when a friend invests, it's not that friend that comes to ask questions about the investment, but rather the friend's friend. It makes me think sometimes that perhaps the friend's friend is the friend himself.

Any ways, using r= 100I/PT.
r=(100*182178.08*365)/(6500000*93)
r=11%

Friend's bills were discounted at 11%. True yield is 11.32%

4 Likes

Re: Treasury Bills In Nigeria by Happyfellow147: 4:19pm On Apr 11, 2018
Good people
I'm yet to receive alert, I just bought for the first time from the secondary market from stanbic ibtc around 11.20 am today. Is it not taking too long for them to debit my account?
Re: Treasury Bills In Nigeria by zamirikpo(m): 5:57pm On Apr 11, 2018
awesomeJ:

Let me first ask, how come when a friend invests, it's not that friend that comes to ask questions about the investment, but rather the friend's friend. It makes me think sometimes that perhaps the friend's friend is the friend himself.

Any ways, using r= 100I/PT.
r=(100*182178.08*365)/(6500000*93)
r=11%

Friend's bills were discounted at 11%. True yield is 11.32%

grin grin grin grin
U cracked me up real good. Boys coding things..... grin grin grin grin.
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:54pm On Apr 11, 2018
zamirikpo:

grin grin grin grin
U cracked me up real good. Boys coding things..... grin grin grin grin.
It appears the declining rates made you stay back from us temporarily. Thanks for showing up today sir.
Re: Treasury Bills In Nigeria by Nobody: 10:18pm On Apr 11, 2018
My fbn secondary market bills will expire tomorrow. Will I receive an alert same day?
Re: Treasury Bills In Nigeria by freeman67: 11:50pm On Apr 11, 2018
eniorisha:
Hello, good people, my fbn TB alert will drop on fri 13th. i'm a prospectv corp member going to camp on next thus 19th. i want to lock my fund in tb pry mkt(fbn) for d next 365 days. if i apply today or tomorrow, will it be completed b4 d 19th?

TB's matures on Wednesday and get settled on Thursday...
Re: Treasury Bills In Nigeria by diamond88: 9:39am On Apr 12, 2018
Who knows current secondary market rate of stanbic
Re: Treasury Bills In Nigeria by Nobody: 10:41am On Apr 12, 2018
Rates are falling drastically. I got 12.4 for 147days at First Bank
Re: Treasury Bills In Nigeria by stanleyuzoh022: 1:05pm On Apr 12, 2018
Alikote:
u will be credited with 6.5 u made 283 k for 3 months

Guess u meant 183. Thanks
Re: Treasury Bills In Nigeria by stanleyuzoh022: 1:07pm On Apr 12, 2018
awesomeJ:

Let me first ask, how come when a friend invests, it's not that friend that comes to ask questions about the investment, but rather the friend's friend. It makes me think sometimes that perhaps the friend's friend is the friend himself.

Any ways, using r= 100I/PT.
r=(100*182178.08*365)/(6500000*93)
r=11%

Friend's bills were discounted at 11%. True yield is 11.32%


Lol, i knew the question will pop up. I am not the one but will do mine nextwk. I av very grateful for the response.
Re: Treasury Bills In Nigeria by stanleyuzoh022: 1:07pm On Apr 12, 2018
TONY56:



If what you stated above is true, then go back to the mail from the bank and the rate (%) must be in it.

2. Hr will receive N6.5m at maturity.


Thanks.
Re: Treasury Bills In Nigeria by C4Ltd: 3:35pm On Apr 12, 2018
lowkey28:
Rates are falling drastically. I got 12.4 for 147days at First Bank
197 days 12.7%

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