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Treasury Bills In Nigeria - Investment (860) - 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 Akin3891: 3:54pm On Aug 26, 2019
RealityShot:
the money is growing to achieve a goal...

Goal.. 100k...check!
Goal.. 200k...check!
Goal.. 300k..check!
Goal.. 500k...check!
Goal.. 700k...loading...


Do you know how Japan grew to become a world power in a very short time?

GOTO youtube and search for "visualpolitik"
You will see a video on that.


Secondly... Mhen, do you know how terrible it feels to have Less than 100k in your account?

Hack! I love to know I can have access to that cash in case of genuine opportunity..

Not to regret because I had "fun" with some "friends" or at a clubhouse with unknown entities.

All that money would have been wasted on new clothes, shoes, expensive perf, flights, and other unnecessary brouhaha...

Tbills changed all that stupid spendthrift lifestyle jorr...



P. S: don't worry, when my Tbills interests start paying my house rent completely, I will surely announce it here by God's grace!


At d bolded, Now i understand your point , you seems to be in your intense hustling period, give it your best, sure it's gonna pay off in few years . Good luck

8 Likes

Re: Treasury Bills In Nigeria by opydan: 5:54pm On Aug 26, 2019
Good evening, can somebody explain the meaning of stop rate in treasury bill.
Thanks
Re: Treasury Bills In Nigeria by Donbrig: 6:07pm On Aug 26, 2019
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:11pm On Aug 26, 2019
Donbrig:
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?
yes
Re: Treasury Bills In Nigeria by Donbrig: 6:21pm On Aug 26, 2019
What kind of challenges could I face getting back my money, could you pls expanciate on your yes?
ahiboilandgas:
yes
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:24pm On Aug 26, 2019
Donbrig:
What kind of challenges could I face getting back my money, could you pls expanciate on your yes?
none ,the processes it automated via the bank,they credit you back

3 Likes 1 Share

Re: Treasury Bills In Nigeria by mymadam(m): 6:27pm On Aug 26, 2019
Donbrig:
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?

It will be automatically deposited in your bank account... from where it was sourced. Repping StanbicIBTC wink

3 Likes

Re: Treasury Bills In Nigeria by vexing(m): 6:27pm On Aug 26, 2019
Donbrig:
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?
You will not face any challenge at all. I have multiple TBs some of which I did not collect certificates. When it matured you will be automatically credited.
Re: Treasury Bills In Nigeria by Donbrig: 6:30pm On Aug 26, 2019
Ok, thanks bro, I appreciate your swift responses, my blood pressure is normal again.
ahiboilandgas:
none ,the processes it automated via the bank,they credit you back

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 6:36pm On Aug 26, 2019
Donbrig:
Ok, thanks bro, I appreciate your swift responses, my blood pressure is normal again.
ok

1 Like

Re: Treasury Bills In Nigeria by Bamz(m): 8:25pm On Aug 26, 2019
opydan:
Good evening, can somebody explain the meaning of stop rate in treasury bill.

Thanks

The stop rate refers to the maximum interest rate preferred/issued by the CBN out of all the bids submitted within a bid window. It then means that all the bid rates that fall from and below the accepted marginal rates (stop rate) will win and those above rejected.
Re: Treasury Bills In Nigeria by TotoNaRubber: 8:51pm On Aug 26, 2019
Better keep this information away from your account officer especially if your account officer works with that bank that starts with E and ends with k. Once they know you have misplaced your certificate they will intentionally misplace your money upon maturity.


Donbrig:
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?
Re: Treasury Bills In Nigeria by Nobody: 9:05pm On Aug 26, 2019
Guys pls last auction rate is what for 90 and 180 days ?
Re: Treasury Bills In Nigeria by opydan: 9:15pm On Aug 26, 2019
Bamz:


The stop rate refers to the maximum interest rate preferred/issued by the CBN out of all the bids submitted within a bid window. It then means that all the bid rates that fall from and below the accepted marginal rates (stop rate) will win and those above rejected.



Thanks sir, so it has nothing to do with my bank.

Also, l heard that some bank like 1st bank are doing short term (like 30, 60 days) fixed deposit. Did anyone know anything about this.

Thanks
Re: Treasury Bills In Nigeria by Just2endowed2(m): 10:16pm On Aug 26, 2019
Can someone give me idea of secondary rate for today
Re: Treasury Bills In Nigeria by louken(m): 11:31pm On Aug 26, 2019
Donbrig:
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?
None at all
Re: Treasury Bills In Nigeria by louken(m): 11:34pm On Aug 26, 2019
TotoNaRubber:
Better keep this information away from your account officer especially if your account officer works with that bank that starts with E and ends with k. Once they know you have misplaced your certificate they will intentionally misplace your money upon maturity.


I work in the bank and I can assure you that no bank will try that nonsense with you

2 Likes

Re: Treasury Bills In Nigeria by Tonygate: 4:15am On Aug 27, 2019
Pls any secondary rate for yesterday
Re: Treasury Bills In Nigeria by dipoolowoo: 6:03am On Aug 27, 2019
Re: Treasury Bills In Nigeria by CompareDBest: 6:07am On Aug 27, 2019
Tonygate:
Pls any secondary rate for yesterday
Best we saw yesterday are:
Up to 13.7% (121 days) paid at maturity on Sterling bank partnered I-Invest app - https://comparedbest.com/ng/sterling-bank-nigeria.html
Up to 12% (178 days) upfront at Union bank - https://comparedbest.com/ng/union-bank-nigeria.html

However, the best might stills be found elsewhere; as recently as Friday we saw:
up to 13.7% (111 days) upfront at Stanbic - https://comparedbest.com/ng/stanbic-ibtc-bank-nigeria.html
and, up to 12.4% (356 days) upfront at UBA - https://comparedbest.com/ng/uba-nigeria.html

Full outline of most recent rates we have seen - https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

6 Likes 1 Share

Re: Treasury Bills In Nigeria by CompareDBest: 6:09am On Aug 27, 2019
Just2endowed2:
Can someone give me idea of secondary rate for today
see our post just above...
Re: Treasury Bills In Nigeria by CompareDBest: 6:10am On Aug 27, 2019
Dunkofia20:
Guys pls last auction rate is what for 90 and 180 days ?
91 days - 9.7%
182 days - 11.3%
364 days - 12%
Re: Treasury Bills In Nigeria by CompareDBest: 6:17am On Aug 27, 2019
opydan:



Thanks sir, so it has nothing to do with my bank.

Also, l heard that some bank like 1st bank are doing short term (like 30, 60 days) fixed deposit. Did anyone know anything about this.

Thanks
Yes, most commercial banks do 30, 60 and 90 days. Some, e.g. Stanbic IBTC, also do 120, 150, 180, 360/365 etc. You can see some rates by following the links on https://comparedbest.com/ng/nigerian-commercial-banks.html

The best rates are also summarised on https://comparedbest.com/ng/best-nigerian-fixed-deposit-rates.html
Re: Treasury Bills In Nigeria by opydan: 7:47am On Aug 27, 2019
CompareDBest:
Yes, most commercial banks do 30, 60 and 90 days. Some, e.g. Stanbic IBTC, also do 120, 150, 180, 360/365 etc. You can see some rates by following the links on https://comparedbest.com/ng/nigerian-commercial-banks.html

The best rates are also summarised on https://comparedbest.com/ng/best-nigerian-fixed-deposit-rates.html


Thank you sir.
For clarity sake, for instance if l deposit 100k with First bank for 30days, with their rate of 6% does that mean the interest will be 6k on is there a calculation around it. Thanks
Re: Treasury Bills In Nigeria by temi4fash(m): 7:56am On Aug 27, 2019
opydan:



Thank you sir.
For clarity sake, for instance if l deposit 100k with First bank for 30days, with their rate of 6% does that mean the interest will be 6k on is there a calculation around it. Thanks

No sir,

Your total pay out would 100K + ((100k * 6 * 30)/(100*365)) = 100,493

3 Likes

Re: Treasury Bills In Nigeria by Tonygate: 8:56am On Aug 27, 2019
Thanks
Re: Treasury Bills In Nigeria by WisemasterBizWd: 12:42pm On Aug 27, 2019
Hi everyone, I just downloaded an app call I-invest. I want to be sure if this app is real to invest in TB. Which bank own it. How reliable it is.
Re: Treasury Bills In Nigeria by tolajay: 2:35pm On Aug 27, 2019
Absolutely none!

It’s an automated process. Your account gets credited on the said date.

The certificate is simply what it is, proof of investment and possible collateral, not a tender for withdrawal.


Donbrig:
Good day folks, I have two separate t-bills that will mature on same day this week with same bank. I have misplaced my certificate for the transaction. How would they pay me back my money now that I no longer hold the certificate for transactions? Would I face any complications in getting back my money from my bank?

4 Likes

Re: Treasury Bills In Nigeria by dake40(m): 2:51pm On Aug 27, 2019
tolajay:
Absolutely none!

It’s an automated process. Your account gets credited on the said date.

The certificate is simply what it is, proof of investment and possible collateral, not a tender for withdrawal.



Hi

Can I invest in TB any time?.

Or I have to wait till primary or second Market. I don't get it
Re: Treasury Bills In Nigeria by tolajay: 2:57pm On Aug 27, 2019
Trading happens every two weeks (Wednesday), if I’m correct.

But you need to express your interest afore time with your preferred bank.

dake40:


Hi

Can I invest in TB any time?.

Or I have to wait till primary or second Market. I don't get it

2 Likes

Re: Treasury Bills In Nigeria by Acidosis(m): 3:27pm On Aug 27, 2019
WisemasterBizWd:
Hi everyone, I just downloaded an app call I-invest. I want to be sure if this app is real to invest in TB. Which bank own it. How reliable it is.

Be sure you downloaded the right I-Invest app; read the App's policy and terms of agreement, read reviews and documentaries, follow the handlers on Social Media; and make your decision.

2 Likes

Re: Treasury Bills In Nigeria by opydan: 5:28pm On Aug 27, 2019
temi4fash:

No sir,
Your total pay out would 100K + ((100k * 6 * 30)/(100*365)) = 100,493
Thanks sir,

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