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Treasury Bills In Nigeria - Investment (697) - 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 Gavrelino123: 5:55pm On Feb 14, 2019
ahiboilandgas:
notting ohh they are on my last warning...mailed account officer no respond ....why can't they be sending advice like stabic
Finally,the debit notice is here...14.85%...... GTBank 364 days...!!
Chaiiiiiiiiiiiiii GTBANK almost gave me high BP.

3 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 5:55pm On Feb 14, 2019
It seems stanbic's 182 days didn't go through.
Re: Treasury Bills In Nigeria by Akin3891: 5:57pm On Feb 14, 2019
Akin3891:




Thanks bro, I've been to the bank to enquire n the lady told me to wait till tonight or tomorrow morning to know if the bids is successful, cos my capital is just being held at the moment and final debit hasn't been done. It's my two years now in TB but I've always been subscribe to d secondary market not primary .


my first primary scale through, Just got credited ,frm stanbic, 14.95 for 364 i believe . So sweet. I'm so loving stanbic now

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 5:58pm On Feb 14, 2019
Account officer say gtb 364 was successful....that i should wait we are waiting
Re: Treasury Bills In Nigeria by Agbaletu: 6:03pm On Feb 14, 2019
Gavrelino123:

Finally,the debit notice is here...14.85%...... GTBank 364 days...!!
Chaiiiiiiiiiiiiii GTBANK almost gave me high BP.
Yes o!

1 Like

Re: Treasury Bills In Nigeria by Samunto: 6:09pm On Feb 14, 2019
GTB smiley smiley wink

1 Like

Re: Treasury Bills In Nigeria by Samunto: 6:10pm On Feb 14, 2019
Akin3891:



my first primary scale through, Just got credited ,frm stanbic, 14.95 for 364 i believe . So sweet. I'm so loving stanbic now

I think it's time to open stanbic now

1 Like

Re: Treasury Bills In Nigeria by eeewise(m): 6:12pm On Feb 14, 2019
I tendered my bid with stanbic for the primary market, 365 days on Monday but I didn't have the amount in my account same Monday. On Wednesday during the bid my account was empty but my instruction was valid. Now on Thursday today I have d money in my account. Wondering if I will still be debited even thou as at yesterday during the bid my account was empty
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:18pm On Feb 14, 2019
Agbaletu:

Nothing o. You warned me two weeks ago not to try GTB, now I am restless.
somebody has gotten..
Re: Treasury Bills In Nigeria by Gavrelino123: 6:21pm On Feb 14, 2019
eeewise:
I tendered my bid with stanbic for the primary market, 365 days on Monday but I didn't have the amount in my account same Monday. On Wednesday during the bid my account was empty but my instruction was valid. Now on Thursday today I have d money in my account. Wondering if I will still be debited even thou as at yesterday during the bid my account was empty
You will be debited......I had 8.5m as at yesterday....My matured TB of 1.5m today made it 10m by 2:00am today......I wrote an instruction to invest the sum of 10m last Friday and was debited about 30 minutes ago for 364days.

6 Likes

Re: Treasury Bills In Nigeria by Gavrelino123: 6:23pm On Feb 14, 2019
ahiboilandgas:
somebody has gotten..
Boss ,they will debit you guys soon.
Re: Treasury Bills In Nigeria by lekzy1886: 6:51pm On Feb 14, 2019
I have gotten a debit alert from GTB,from my calculations the rate is around 14.8%
Re: Treasury Bills In Nigeria by Grupo(m): 7:29pm On Feb 14, 2019
Please, was anyone here debited for stanbic's 182 days bid?
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:16pm On Feb 14, 2019
Gtb have redeemed their image ...debit alert

2 Likes

Re: Treasury Bills In Nigeria by Gavrelino123: 8:20pm On Feb 14, 2019
ahiboilandgas:
Gtb have redeemed their image ...debit alert
Mehn finally..finally....
I knew they won't be foolish enough to repeat the same tricks they played on us two weeks ago.
Re: Treasury Bills In Nigeria by Nobody: 8:52pm On Feb 14, 2019
I invested in I-invest and I run. All this brothers trying to justify the app, if you read previous pages I stated categorically that I approached the bank and they technically denied I-invest in my time of tribulations. I only got my Money after 3 weeks when central Bank intervened. My people, the app is supposed to be good but when you run into issues, their after service is dubious. My money was with them for 3 weeks without making 1 kobo. Go ahead and use it but be warned

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:33pm On Feb 14, 2019
Gavrelino123:

Mehn finally..finally....
I knew they won't be foolish enough to repeat the same tricks they played on us two weeks ago.
they quered them in my branch from the head office ...they can't use theirs to spoil mine
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 9:58pm On Feb 14, 2019
Barrytone:
I invested in I-invest and I run. All this brothers trying to justify the app, if you read previous pages I stated categorically that I approached the bank and they technically denied I-invest in my time of tribulations. I only got my Money after 3 weeks when central Bank intervened. My people, the app is supposed to be good but when you run into issues, their after service is dubious. My money was with them for 3 weeks without making 1 kobo. Go ahead and use it but be warned

That could be ur own personal experience with them which could just be one in a million. I have made interbank transfers before from using banks app whereby I was debited and didn't get the corresponding credits. The banks keeps posting me and sending me back and forth. The sender would say they have sent it and the money is not in their cofers again whereas the receiving bank would say they never receive it.

1 Like

Re: Treasury Bills In Nigeria by kings11ng(m): 10:21pm On Feb 14, 2019
deepwater:
stanbic! any debit yet?
yup
Re: Treasury Bills In Nigeria by kings11ng(m): 10:22pm On Feb 14, 2019
DrTee1:


Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?




lol newbie alert
Re: Treasury Bills In Nigeria by dexla(f): 8:58am On Feb 15, 2019
I'm actually a newbie here and I'd like some clarification.
So I was wondering if I decide to invest in TBills and I went through my bank, will they allow me capitalize my interest
If no, can anyone please recommend financial houses with good interest rates in the secondary market and allows capitalizing interest.
Thank you.
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:32am On Feb 15, 2019
eddyakinrinde:


That could be ur own personal experience with them which could just be one in a million. I have made interbank transfers before from using banks app whereby I was debited and didn't get the corresponding credits. The banks keeps posting me and sending me back and forth. The sender would say they have sent it and the money is not in their cofers again whereas the receiving bank would say they never receive it.
such shouldn't happen if iinvest is sterling Bank.

Secondly, the poster's point is about how sterling bank react to the issue like they are already dissociating themselves from the app.
Re: Treasury Bills In Nigeria by Adiwana: 9:42am On Feb 15, 2019
Hello house,just coming from UBA.i was given 2,930,000 for 20 million at 363 days. I saw some people here say they were given by Gtb at 14.8% yesterday for 364 days.My question is do banks differ in rate they give their customers?? How come Gtb gave 14.8% for 364 yesterday and today UBA gave me 14.65% for 363 days?
Re: Treasury Bills In Nigeria by Akin3891: 9:43am On Feb 15, 2019
Anyone with first bank rate for yesterday primary? Was there bids successful? I need to know, cos I'm investing through them comes fortnight . Kindly update if you have any info. Thanks.
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:48am On Feb 15, 2019
Adiwana:
Hello house,just coming from UBA.i was given 2,930,000 for 20 million at 363 days. I saw some people here say they were given by Gtb at 14.8% yesterday for 364 days.My question is do banks differ in rate they give their customers?? How come Gtb gave 14.8% for 364 yesterday and today UBA gave me 14.65% for 363 days?
14.8% primary market. 14.65% secondary market. The difference is the profit the bank makes by buying from primary market and selling same at the secondary market.

Yes! Each bank with their own rate.
Re: Treasury Bills In Nigeria by Adiwana: 9:55am On Feb 15, 2019
OgogoroFreak:
14.8% primary market. 14.65% secondary market. The difference is the profit the bank makes by buying from primary market and selling same at the secondary market.

Yes! Each bank with their own rate.

OK.Thanks bro. The thought of losing 40k in 24 hours is not something I finding entertaining.lol
Re: Treasury Bills In Nigeria by Akin3891: 9:58am On Feb 15, 2019
Adiwana:
Hello house,just coming from UBA.i was given 2,930,000 for 20 million at 363 days. I saw some people here say they were given by Gtb at 14.8% yesterday for 364 days.My question is do banks differ in rate they give their customers?? How come Gtb gave 14.8% for 364 yesterday and today UBA gave me 14.65% for 363 days?


Yes banks primary and secondary rates differ, some bank knows how best to bids in primary (such as stanbic n Firstbank) while some bids lower because they don't know how to play the bidding game and wouldn't want to lose out. 14.65 doesn't look bad but u lose say 29,000 to that rate. Cheers
Re: Treasury Bills In Nigeria by meetchandus(m): 10:21am On Feb 15, 2019
Agbaletu:
Got 14.25% from Zenith Bank as usual for 364 days tenor.

Seems Zenith has one of the lowest rates.

2 Likes

Re: Treasury Bills In Nigeria by Agbaletu: 10:40am On Feb 15, 2019
meetchandus:


Seems Zenith has one of the lowest rates.
Correct.

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 10:41am On Feb 15, 2019
Adiwana:


OK.Thanks bro. The thought of losing 40k in 24 hours is not something I finding entertaining.lol
yours will mature early..363 days

1 Like

Re: Treasury Bills In Nigeria by Sweetmumsi: 11:09am On Feb 15, 2019
Hi all, is it possible to invest in treasury bills two times in a year, perhaps using different banks.
Example, if I should use zenith bank for the 1st one (182days ), upon maturation ,can I withdraw the money and go to another bank to purchase treasury bills for another 182days?

Just thinking
Re: Treasury Bills In Nigeria by alfajohn: 11:24am On Feb 15, 2019
Adiwana:
Hello house,just coming from UBA.i was given 2,930,000 for 20 million at 363 days. I saw some people here say they were given by Gtb at 14.8% yesterday for 364 days.My question is do banks differ in rate they give their customers?? How come Gtb gave 14.8% for 364 yesterday and today UBA gave me 14.65% for 363 days?
you are lucky to get 14.65% for 363 days for secondary market. Stanbic ibtc just gave me 14.25 for 356 days. To think that I moved the bulk of the money from uba to stanbic is not interesting to me at all

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