Treasury Bills In Nigeria - Investment (889)

Treasury Bills In Nigeria - Investment (889) - Nairaland

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Re: Treasury Bills In Nigeria by janga(m): 8:28am On Oct 04, 2019

GTbank primary auction 11.35% for 182days

Re: Treasury Bills In Nigeria by enque(f): 8:37am On Oct 04, 2019

Morning House,

Does anyone have secondary rates for Fidelity or Diamond bank?

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:41am On Oct 04, 2019

janga:
GTbank primary auction 11.35% for 182days

it seems the 365 wasn't succefuly no debit yet or mail

Re: Treasury Bills In Nigeria by juniorrate: 8:47am On Oct 04, 2019

ahiboilandgas:
it seems the 365 wasn't succefuly no debit yet or mail

yea its possible. well, jst ask ur account official to confirm

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:50am On Oct 04, 2019

juniorrate:
yea its possible. well, jst ask ur account official to confirm

last last na stanbic I go dey use I open an account but the killing of Nigerians in s.a got me so I stop but no Nigeria died I will go back to stanbic

2 Likes

Re: Treasury Bills In Nigeria by skyangel(f): 9:05am On Oct 04, 2019

[quote author=ahiboilandgas post=82824247]last last na stanbic I go dey use I open an account but the killing of Nigerians in s.a got me so I stop but no Nigeria died I will go back to stanbic [/quote

I guess Gtb wanted more interest for you, reason they quoted higher rate which eventually failed as it was above CBN stop rate. Even Stanbic fails sometimes. The choice is yours nonetheless

Re: Treasury Bills In Nigeria by skyangel(f): 9:07am On Oct 04, 2019

Re: Treasury Bills In Nigeria by DeSepiero(m): 9:07am On Oct 04, 2019

Hi guys,

I've been following for a while.
I am considering investment in Tbills using the I-invest app. Is anyone using it here? how good is it compared to buying traditionally from the banks?

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:46am On Oct 04, 2019

[quote author=skyangel post=82824798][/quote]yes it failed

Re: Treasury Bills In Nigeria by kryptem: 10:04am On Oct 04, 2019

DeSepiero:
Hi guys,

I've been following for a while.
I am considering investment in Tbills using the I-invest app. Is anyone using it here? how good is it compared to buying traditionally from the banks?

I use the app. No stress, no hassle plus nice rates and ease of application and liquidation/fund withdrawals etc.

2 Likes

Re: Treasury Bills In Nigeria by Nobody: 10:08am On Oct 04, 2019

nellybadas:
I got 12.7% for 364days in zenith bank yesterday.

Confirm this as i could only get 359 for 12.30%, thanks

Re: Treasury Bills In Nigeria by Mills55: 10:55am On Oct 04, 2019

This morning in Stanbic 328 days 12.9%. Secondary market.

Re: Treasury Bills In Nigeria by evans2015: 11:52am On Oct 04, 2019

GTB rate today:
97days............10.50%

181days.........11.25%

321days........12.50%

Please someone should help on the decision to invest for the 97days or not.

Re: Treasury Bills In Nigeria by akinonigbinde: 12:06pm On Oct 04, 2019

Hi peeps,
I bought First bank N2.2m secondary tbills yesterday at 10% for 42 day tenor. I instructed both the interest and the principal be debited. So, I got a debit alert of 2.2m as I instructed.
Please how much should I be expecting at the expiration of the 42 days.
I asked the guy in charge of first bank tbills but his attitude was so disgusting and quite rude.

Re: Treasury Bills In Nigeria by janga(m): 12:11pm On Oct 04, 2019

evans2015:
GTB rate today:
97days............10.50%

181days.........11.25%

321days........12.50%

Please someone should help on the decision to invest for the 97days or not.

its depend on how fast u need ur capital but i will advice u to go for 181days

Re: Treasury Bills In Nigeria by Icecream4U(m): 12:24pm On Oct 04, 2019

akinonigbinde:
Hi peeps,
I bought First bank N2.2m secondary tbills yesterday at 10% for 42 day tenor. I instructed both the interest and the principal be debited. So, I got a debit alert of 2.2m as I instructed.
Please how much should I be expecting at the expiration of the 42 days.
I asked the guy in charge of first bank tbills but his attitude was so disgusting and quite rude.

₦2,225,000 only

Re: Treasury Bills In Nigeria by akinonigbinde: 12:40pm On Oct 04, 2019

Icecream4U:
₦2,225,000 only

thanks bro

Re: Treasury Bills In Nigeria by dake40(m): 12:45pm On Oct 04, 2019

akinonigbinde:
Hi peeps,
I bought First bank N2.2m secondary tbills yesterday at 10% for 42 day tenor. I instructed both the interest and the principal be debited. So, I got a debit alert of 2.2m as I instructed.
Please how much should I be expecting at the expiration of the 42 days.
I asked the guy in charge of first bank tbills but his attitude was so disgusting and quite rude.

25,000 only

Re: Treasury Bills In Nigeria by ahiboilandgas: 1:01pm On Oct 04, 2019

akinonigbinde:
Hi peeps,
I bought First bank N2.2m secondary tbills yesterday at 10% for 42 day tenor. I instructed both the interest and the principal be debited. So, I got a debit alert of 2.2m as I instructed.
Please how much should I be expecting at the expiration of the 42 days.
I asked the guy in charge of first bank tbills but his attitude was so disgusting and quite rude.

2.220,000

Re: Treasury Bills In Nigeria by Innoxxacs: 1:48pm On Oct 04, 2019

Pls
When is the next FBN tbills date?

Re: Treasury Bills In Nigeria by nellybadas: 2:02pm On Oct 04, 2019

Barrytone:
Confirm this as i could only get 359 for 12.30%, thanks

Yes I confirm. 12.7% for 364days.

Re: Treasury Bills In Nigeria by kryptem: 4:02pm On Oct 04, 2019

akinonigbinde:
Hi peeps,
I bought First bank N2.2m secondary tbills yesterday at 10% for 42 day tenor. I instructed both the interest and the principal be debited. So, I got a debit alert of 2.2m as I instructed.
Please how much should I be expecting at the expiration of the 42 days.
I asked the guy in charge of first bank tbills but his attitude was so disgusting and quite rude.

I feel you should have reinvested the interest as well since you didn't want the upfront payment. Reinvesting the interest would have yielded a little more in addition.

1 Like

Re: Treasury Bills In Nigeria by Nobody: 4:09pm On Oct 04, 2019

nellybadas:
Yes I confirm. 12.7% for 364days.

You were lucky as it got wipe out before I arrived

Re: Treasury Bills In Nigeria by Onebase79(m): 7:13pm On Oct 04, 2019

Please, how long after money is debited will I get my interest?

Re: Treasury Bills In Nigeria by rotile247(m): 7:37pm On Oct 04, 2019

DeSepiero:
Hi guys,

I've been following for a while.
I am considering investment in Tbills using the I-invest app. Is anyone using it here? how good is it compared to buying traditionally from the banks?

Forget that app. Go to any branch of your bank and see the marketing staff or manager to book your tbills. Primary market auction is every two weeks while the secondary market is always on depending on the tenor

Re: Treasury Bills In Nigeria by rotile247(m): 7:41pm On Oct 04, 2019

Onebase79:
Please, how long after money is debited will I get my interest?

It Should be instant. The amount debited from your account is less by your interest. Eg 700k tbills with interest of 30k, it is 670k that will be debited from your account but your tbills investment will read 700k. So automatically you already received your interest.

Re: Treasury Bills In Nigeria by rotile247(m): 7:54pm On Oct 04, 2019

akinonigbinde:
Hi peeps,
I bought First bank N2.2m secondary tbills yesterday at 10% for 42 day tenor. I instructed both the interest and the principal be debited. So, I got a debit alert of 2.2m as I instructed.
Please how much should I be expecting at the expiration of the 42 days.
I asked the guy in charge of first bank tbills but his attitude was so disgusting and quite rude.

This is how you calculate it

42/365 x 10/100 x 2,200,000 = 25,315.07

Next time just collect your interest directly or your increase your investment by the interest. It's straight forward and more transparent that way to avoid any hanky panky from the bank

1 Like

Re: Treasury Bills In Nigeria by akinonigbinde: 8:26pm On Oct 04, 2019

rotile247:
This is how you calculate it

42/365 x 10/100 x 2,200,000 = 25,315.07

Next time just collect your interest directly or your increase your investment by the interest. It's straight forward and more transparent that way to avoid any hanky panky from the bank
Hmmm,

Thanks so much

Re: Treasury Bills In Nigeria by rotile247(m): 8:28pm On Oct 04, 2019

They will also debit you for custody fee and vat

Re: Treasury Bills In Nigeria by Onebase79(m): 8:42pm On Oct 04, 2019*

I indicated.

Re: Treasury Bills In Nigeria by Nobody: 9:19pm On Oct 04, 2019

Did 258 days at 11.50% and 356 days at 12.30% at zenith bank.

Re: Treasury Bills In Nigeria by igbizen(m): 10:38pm On Oct 04, 2019

Tbill vs building
Tbill vs Eurobond
Tbill vs Dollar

�� invest, know your path and do it religiously.
Like one of my colleague would say, “ we said building is not an investment. But our friends have buildings to show after years, we have no money to show”. A little here and there balances things. The analogies are too vague for me. I make X amounts every month and invests 1/3 of X on Tbills and the remaining 2/3 on expenses and building a rental property-I don’t think it’s a bad idea. That’s what I currently do. And it gives me fulfillment.

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