TotoNaRubber:
It looks alright but it seems they hold your interest until maturity, they don't pay upfront, the recurring interests in itself is mouthwatering

dannywest01:
if that’s the case then it won’t work for me because I like my upfront so I can use it for another business.

C505:


Apart from i-invest, which other banks don't pay upfront cos I really don't like being paid upfront

C505:


Apart from i-invest, which other banks don't pay upfront cos I really don't like being paid upfront

necheremIFY:
I am new here. I went to GTB to invest in treasury bill , they presented the rate as 94days 9.75%, 220 days 10.65%, 360days 11.75%. I picked for 360 days, later I started blaming myself that I should have go for 220days because of 1%.difference. Please I want to know if the rate of 220 and 94 days will be calculated on per annum

necheremIFY:
I am new here. I went to GTB to invest in treasury bill , they presented the rate as 94days 9.75%, 220 days 10.65%, 360days 11.75%. I picked for 360 days, later I started blaming myself that I should have go for 220days because of 1%.difference. Please I want to know if the rate of 220 and 94 days will be calculated on per annum

mimini:
Please, what is the difference between primary and secondary treasury bill? Which is better in terms of risk and investment? I am confused because some banks said I could invest same amount for both primary and secondary. When asked which is better, was told they are both thesame.

I feel they don't understand it.

drdrei09:
If I put 2 million in treasury bill, what's the least amount I'm likely to get as interesting, please?

forlahkhe:
Pls, do u mean if I have account wt gtb, I can go and buy secondary tbills in stambic if stambic has higher rate? Or u must have an account with whichever bank u want to buy secondary tbills from.

Horlartunes:
Hi guys my Tbills ls is almost due and I want to renew it immediately what should I do

IkalaiyeLOTO:
people with experience, Please how save is the I-invest platform for money invested therein?

Acidosis:


T-bills secondary market is a form of black market with no form of coordination or predetermined timeline across all banks. When it comes to secondary market, no two banks have the same or predetermined tenor or rates. The banks simply sell to you what they bought from an existing holder of Treasury Bills.

It's a process of buying from those who wish to terminate their investments, so there are no predetermined rates or tenors. You need to approach any bank of your choice to know whether such offers are available.

As per primary market, auction takes place fortnightly at the same time in all banks. Note, it's an auction, and you're not even permitted to state your own rate. Unless you're investing N50m+, the banks simply bid on your behalf (together with other customers).

When CBN's stop rate for an auction is 11%, and your bank tender a bid of 11.5%, the bank lose out for that period. To scale the hurdle, whatever your bank bids must fall in the range of CBN's stop rate. Don't bother asking anyone what CBN rates are for the next auction because nobody knows, including your bank manager. They only bid and predict using some dynamics such as previous stop rates, policies, inflation, etc.

Also note that the fact you're buying from the primary market doesn't imply you're getting better rates than those buying from the secondary market.
Which is better? Well, no one can answer that. Whichever offers an individual better rates at any point in time is better.

mimini:


Thank you so much. I now understand it very well. The only question I have is that since Secondary market is like black market buying from others, is it as save and risk free as the Primary market

RealityShot:
Sir, this is not I-invest thread.
Go to I-invest thread or create one, it's free!

This is treasury bills thread.

I-invest is not treasury bills. (do not cause confusion here)

Beware or get banned.

#justwise
#Pavore9

yinkaoke:
Lets all discuss the implications of the British court case of $9 dollars against Nigeria’s Asset on investments in Treasury bills’s and its far reaching effect on the economy amidst falling oil prices.

Question that should be on the minds of T-bills investors and more are:

1. Are we to expect a rise in T-bill rates?
2. Are foreign investors exiting the T-bills markets?
3. Are we to invest in short term tenors or long term terms?
4. Are we to expect more OMO auctions from CBN?
5. Are we to expect more T-bill demands from CBN?

If we are able to provide answers to the above and more looking at the effects of the above case on our foreign reserve and or the ripple effect of the information on our decisions to invest, then the way to go for Treasury bill investors will be clear.
Oya, all the guru’s in the house, Economic speculators we need your responses

Note: T-bills means Treasury bills

RealityShot:
if it's secondary mkt you bought it, you must wait for it to return to your account.
Then apply for reinvestment the next day.

If Its primary mkt, and you did not tick auto reinvest option, simply go and submit an new form for the next auction (which will occur after expiration).

decargne:
hello house, please I heard over the business news on CTV that TB rate is expected to rise to 15 percent by Jan 2020. please is this info correct and if so, would it be wise to defer putting in for tb(365 days) till then and invest the amount in money market till Jan?

jayjay1512:
@comparedbest what's the interest for banks today and which bank has d best rate

Horlartunes:
Hi guys my Tbills ls is almost due and I want to renew it immediately what should I do

RealityShot:
if it's secondary mkt you bought it, you must wait for it to return to your account.
Then apply for reinvestment the next day.

If Its primary mkt, and you did not tick auto reinvest option, simply go and submit an new form for the next auction (which will occur after expiration).

CompareDBest:
Stanbic IBTC, today: 13.7% (128 days), 13.65% (247 days), and 13.95% (191 days). Sorry for the delay.

CompareDBest:
Stanbic IBTC, today: 13.7% (128 days), 13.65% (247 days), and 13.95% (191 days). Sorry for the delay.

amjustme2:
Do you have info on FBN rate for today?

needful:
This is a very good rate. Why are other banks having watery rate.