₦airaland Forum

Yes, I agree if you don't already have bonds. Current yields may not necessarily be as attractive to existing bondholders who purchased at higher yields. Whilst I recommend bonds, the tenor of bonds may not be suitable to some investors even though they can be sold (in some cases at punitive yields) on the secondary market. Thus it is important their tenors align with investor objectives. Personally, I materially moved to bonds before the enforcement of WHT on TBills which made bonds more attractive

Odunharry:
Time to look at Bond now that rate is dropping

I have shown it repeatedly oooo.. and other asset classes work too... diversification is key. For example, this time round, I opted not to compound my March 2036 Bond coupon payment

Odunharry:
Funds are gradually moving to other assets. We have seen subscription few months back at around 4tr to 5tr, compared to yesterday's <2tr.

It's possible the range of bids hovers around 16.5%.
We might get to see rate before December at sub 16%.

Baba show us the way to Bond

Wow, this is the lowest allotment across all tenors in recent times particularly the 364 days... Lots of failed bids...ouch. Whilst oversubscribed, the rates of range of bids were higher than the CBN was prepared to issue the TBills at... Interesting development... suggests continued efforts to bring rates down. Thus, I would be surprised if the range of bids at the next auction exceeds 16.5%

Odunharry:
Rate drop.

Yesterday's auction

NTB Auction results

💯✅👍

freeman67:
The Koko is for everyone to know their risk appetite ooo. In fact Commercial Papers are still within the range of 18% but one needs to have the required minimum and have a huge risk appetite.

Similarly, with Fxed Deposit need a substantial sum to be able to negotiate a higher rate that the general average one. Also, the firms that give higher rate than the general average are mostly microfinance banks.

Bizarrely, both the 91 & 182 days were materially undersubscribed: less than 50% of the amounts on offer. Cardoso gave a speech last year or the year before that he was targeting single digit inflation. FGN Bond purchasers last year and early this year would be smiling

Odunharry:
Rate dropped again for the longest tenure

It is the secondary market

just2endowed:
what about on secondary market

Continuous effort to bring down yields resulting in many failed bids and lower amounts allotted despite the over subscription at higher bid rates

skydiver01:
Find below. It appears the quarterly bond issuance calendars have been re-enacted. Next Auction is 14 September

The NTB issue calendar states tomorrow

blkmum700:
I’m currently at the bank and there’s know primary market this week, I was told next week.

Find below. It appears the quarterly bond issuance calendars have been re-enacted. Next Auction is 14 September

RayRay06677:
please kindly share here once its out, thanks

Yes and there is also one next week 9th September. After that is 23 September

Timmi:
Can someone confirm if there is a T-bill auction tomorrow - September 2nd, 2026?

Regular NTB Auction Results (not OMO)

Interesting August bond auction result. Oversubscribed (expected). Lots of failed bids notably on the 2035 with lower stop rates and reduced amounts allotted (unexpected - N1.1trn offered, N1.73th subscribed, N805b allotted). Suggests efforts to reduce borrowing rates

skydiver01:
August's FGN Bond Auction. A little short notice and quite a large offering. Will be interesting to see the rate that clears the N1.1trn offering.

Ticking or selecting Face Value is usually easier to understand because you know the exact amount you are buying plus the premium or less the discount i.e. above or below par for bonds. In the case of treasury bills Face Value is also easier because you will only be debited the discounted value plus transaction fees. In both cases, you receive the Face Value on maturity.

That said, selecting discounted value will will still process the transaction but you should be aware that this is the amount that would be debited and the corresponding face value will be higher at maturity for TBs. e.g. if you want to invest no more than N10m in TBs, selecting Face Value will result in less that N10m being debited from you account (discounted value) e.g N8.5m depending on the tenor. However, selecting discounted value will result in N10m plus transaction fees being deducted from you account but you receive a face value e.g. of N11.5m paid at maturity. N.B: the discount on TBs is subject to 10% WHT

astuto:
Quick question,

When investing with Stanbic Primary market, is it better to use Face Value or Discounted Value?

Or do they only process the application if you tick 'Face Value' on the form?

Always have a diversified portfolio. Do not pile up in only one asset class

Ugmama:
Save up in foreign currency or pile up money in treasury bills long term? Which would you go for ?

August's FGN Bond Auction. A little short notice and quite a large offering. Will be interesting to see the rate that clears the N1.1trn offering.

RayRay06677:
Thanks a million

In August. Probably from the 10th.

RayRay06677:
Good morning fam, please are we expecting any new bond, anytime soon?

29 July, 2026.

adetunrayo:
Hello Investors,

Please confirm the next primary market treasury bill auction date.

Thank you

18 July 2034 FGN bond coupon payment received on time

They've sold out. May become available again if they get sold some

astuto:
Why is Blunest no longer showing Treasury Bills?

Even the 332 day has disappeared.

What's happening?

July's 2 and 3 year Savings Bond offer has occurred.

UncleJudax:
Wetin happen to 2-3 years?

July's FGN Bond Auction offer.

Yesterday's NTB Auction Results.
Wow N2.87trn bid on the long end. I am beginning to think the N5.8trn planned for this quarter's issue programme will get hoovered up with stable or lower yields

Tomorrow.

DFPS:
Please, when is the next Nigerian Treasury Bills primary auction?

15 July.

adetunrayo:
Please when is the next auction?

Not surprised with a hefty 5.8trn 3rd quarter offer programme. I expect yields will continue to inch up through the programme. It also probably explains why Naira reversed its recent appreciation against the greenback

Odunharry:
Yield up again

Wow... a more than doubling of the offering size over the next quarter (an additional N3.2trn on top of the 2.6trn maturing) with an auction held almost every week... Interesting.. I would expect yields to rise to clear these sizes out...

goodandkind:
The auction schedule for the third quarter of 2026 has been released (see attached), so the next auction will hold next week Wednesday.

Source: getfinanceandinvestmenttips on Instagram

My apologies 🙏 It usually holds every two weeks.

Ayo8:
At the bank... first bank said they weren't advised for primary auction for this week

Tomorrow.

sammily:
When is the next Treasuary Bill?

June's FGN Bond Auction results. Yields rising as also reflected in recent NTB auction results

skydiver01:
June's FGN Bond Auction date Quite a large size too (double May's auction amount). Would be interesting to see where the yields end at.

In principle, a mandate with 'specified and detailed instructions e.g. instruments to be purchased and amounts' can be given to a bank/financial institution to execute (on your behalf) at 'such specified times' e.g. upon receipt of your coupon payments.

That said, unless there is a strong need to give a mandate e.g. automatic compounding with coupons received, it is probably a good idea to review your options between coupons (6 monthly) and then instructing after coupons have been received since markets, needs and opportunities do change.

If you do wish to give a mandate, its best to contact your account officer or relationship manager.

DAramis:
Thank you for your explanation. That brings me to my next question, can a mandate of instruction be given to bank to re-invest the accrued interest and coupon that would be paid under this or other higher yielding bond? How can someone go about it?