Odunharry:

Reach out to your account officer if you have his or her contact

Okay thanks

Did tbill auction hold today?

Heishere:
Did tbill auction hold today?

Yes, it did, however, I do not have the rates...

Tbills results

vanvickie:


Yes, it did, however, I do not have the rates...

That means next one is on the 23rd?

Invest in tbills not cbex or pcex or whatever name u call it

If this is the wrong place to post this, I apologize in advance.
I would really appreciate some different points of view from anyone who has experience in investing.

I have been reading and trying to work things out in my head.
I currently earn in dollars and I am based in Nigeria.
In the current climate does it make sense to convert at least some of my money to naira to:
- buy t-bills
- invest in money market funds

Or is it better to go with a USD money market fund for example?

I realize that not knowing my entire financial situation makes it more difficult but I would appreciate some thoughts and opinions. I've gone back and been reading this thread and I was getting ready to invest in t-bills but I remembered the adage - " Act in haste, repent at leisure ".

Thank you in advance. I have already learned a lot here.

bassdow:
It's usually sold every two weeks except in few instances where CBN chooses otherwise.

Watch out for this dates April 2, 2025 , April 16, 2025 , April 30, 2025.

Except you intends investing ₦50-million and above which qualifies you buying directly from CBN auctions (through banks) at higher rates, You could just buy from banks or brokers; which is often sold every Tuesday and Thursdays.

.

Great

Thank you very much

Jeoma2024:
.

Great

Thank you very much

We had bidding for 9th.

Verify information at your disposal.

inspiredzen:
If this is the wrong place to post this, I apologize in advance.
I would really appreciate some different points of view from anyone who has experience in investing.

I have been reading and trying to work things out in my head.
I currently earn in dollars and I am based in Nigeria.
In the current climate does it make sense to convert at least some of my money to naira to:
- buy t-bills
- invest in money market funds

Or is it better to go with a USD money market fund for example?

I realize that not knowing my entire financial situation makes it more difficult but I would appreciate some thoughts and opinions. I've gone back and been reading this thread and I was getting ready to invest in t-bills but I remembered the adage - " Act in haste, repent at leisure ".

Thank you in advance. I have already learned a lot here.

It depends on the amount. For me I will put about 70% in the USD Mutual Funds and the remaining 30% in Naira investment.

Sukuk rent payments these days na wahala. Payment was due on the 13th and up till now no sign of payment.

freeman67:
Sukuk rent payments these days na wahala. Payment was due on the 13th and up till now no sign of payment.

I share in your pain, please update when payments is finally paid.

freeman67:
Sukuk rent payments these days na wahala. Payment was due on the 13th and up till now no sign of payment.

13th was on Sunday. You will definitely get it during the week. if not today. at most thrusday.. I already studies that trend

RayRay06677:


I share in your pain, please update when payments is finally paid.

Ok. No wahala.

Nakedman:


13th was on Sunday. You will definitely get it during the week. if not today. at most thrusday.. I already studies that trend

Yeah, but payment should be at least the next working day na. Why are they delaying it again.?

I got 18.9% secondary market rate for March 12 2026 maturity date. I think it is a good rate as I don't want to waste time till the next primary market auction on April 23rd. This rate is from IBTC.

freeman67:
Sukuk rent payments these days na wahala. Payment was due on the 13th and up till now no sign of payment.

Na so sukuk rent dey delay now and no compensation for the lost days. I'm also waiting

fash78:
I got 18.9% secondary market rate for March 12 2026 maturity date. I think it is a good rate as I don't want to waste time till the next primary market auction on April 23rd. This rate is from IBTC.

Good rate,

AFRINVEST offered 23% on their placement but no upfront.

RayRay06677:


Good rate,

AFRINVEST offered 23% on their placement but no upfront.

In the absence of no upfront, It sounds like Mutual funds.

freeman67:


It depends on the amount. For me I will put about 70% in the USD Mutual Funds and the remaining 30% in Naira investment.

Thank you.

Hello guy.

I need help.

First time trying out tbill.

I did that 3 months ago, the money remain in my book balance but the interest is available in my available balance.

Meanwhile, interest and capital equals the total amount. Will my total amount be paid at the end if the tenure?

I also discovered I am earning more interest on the account, is it because all the money remains in the book balance?

Primary market auction calender...

RayRay06677:


I share in your pain, please update when payments is finally paid.

It's finally been paid ooo.

freeman67:


It's finally been paid ooo.

Sukuk rentals just recieved
As usual, 90% is heading to fugaz stocks while the remaining 10% is for upgrading my comport zone.

Kindheartedd:
Hello guy.

I need help.

First time trying out tbill.

I did that 3 months ago, the money remain in my book balance but the interest is available in my available balance.

Meanwhile, interest and capital equals the total amount. Will my total amount be paid at the end if the tenure?

I also discovered I am earning more interest on the account, is it because all the money remains in the book balance?

Are you sure it TB they did for you?

If yes, were you told it was successful?

If successful did you collect your proof/certificate of investment?

I am asking because if it TB they did for you and it was successful. The money should have been taken into custody since. It should not be reflecting in any of your balances again.

What should reflect is only the interest left there.

I don't understand the interest and capital equals total amount you wrote there. What should be paid to you is the Face value/value of investment at maturity as stipulated in your the terms of the contract/ certificate.

Meaning, if you subscribe for 100,000 TB for 365 days @ 20% and may 80,000 and the charges were deducted from your main account balance leaving let's say 19,000 as you interest in the account. At maturity, the sum of 100,000 is what will repaid to your account.


As for your interest growing more than expected, you really have to check and confirm if it's not some form of Fixed Deposit they did for you or something.

Hi fam, pls I want to go for primary rate this time
I and my friends have up to 80m to try primary rate however my account officer hasn’t been very helpful
Can someone advise what to do concerning the next auction date which is 23rd of this month

My question what rate should I write in my letter to auction
I am also trying to make sure my bid is successful so I will appreciate all the necessary help from here

Incase the bid fails pls which bank or banks are giving very good rates for secondary market
I use Providus bank and as at today their rate is 17.23% for 323days (I feel this is too low)

Pls help

Secondary rates will largely depend on the outcome of the primary rates from the next auction.

As per sec rates comparison, I use First Bank because I have an account with them, so it's just convenient for me. I haven't used any other bank before, so I can't really say who does better.

omotola224:
Hi fam, pls I want to go for primary rate this time
I and my friends have up to 80m to try primary rate however my account officer hasn’t been very helpful
Can someone advise what to do concerning the next auction date which is 23rd of this month

My question what rate should I write in my letter to auction
I am also trying to make sure my bid is successful so I will appreciate all the necessary help from here

Incase the bid fails pls which bank or banks are giving very good rates for secondary market
I use Providus bank and as at today their rate is 17.23% for 323days (I feel this is too low)

Pls help

omotola224:
Hi fam, pls I want to go for primary rate this time
I and my friends have up to 80m to try primary rate however my account officer hasn’t been very helpful
Can someone advise what to do concerning the next auction date which is 23rd of this month

My question what rate should I write in my letter to auction
I am also trying to make sure my bid is successful so I will appreciate all the necessary help from here

Incase the bid fails pls which bank or banks are giving very good rates for secondary market
I use Providus bank and as at today their rate is 17.23% for 323days (I feel this is too low)

Pls help

For your account Officer not helping issues, he/she won't because your funds is tied to his/her. Helping issues will means loosing part of that target and him/her going to get a new customer to cover that which you will remove.

What you can do is you either call their customers care number which will connect you to their HQ and tell them what you want and your challenges and threatening to move your money to other bank which will force your account officer to do as you wish or you visit another branch of your bank and make the request. Also, let them know there that if your request is ignored you will seize to be their customer.

I just reread your message and saw providus bank which is not very common. If you have account on banks like Stanbic and First Bank you can move your money there. After making your enquiries of course.

Thank God you wish to go with your own rate and your funds is upto it. So, if your rate fall within the official stop rate, nobody can lie to you that the rate did not succeed except they refuse to tender your bid.

Going by the previous 2 primary market stop rate of 19.6300 I will choose @ least 19.50 It should not go lower. It may go higher but considering that you careful not to lose out. I will go with that if I were to be the one.

Incase it fails, after all your precautions. You can walk into banks like Stanbic, GTB, UBA or call their customers care and ask of their Secondary Market rates. Any good one can serve. You can also, consider contacting investment houses like Greenwich Merchants Banks and Afrinvest to see if they have. They have good rates sometimes.

freeman67:


It's finally been paid ooo.

Thanks senior man, will check once I get home.

This info is reassuring

vanvickie:
Primary market auction calender...

Since Monday is public holiday when is the best time to apply at the bank?

Heishere:


Since Monday is public holiday when is the best time to apply at the bank?

You can apply tomorrow or First thing Tuesday morning, depending on your branch. If Stanbic or First Bank main branch in your area. Tuesday should fly.

freeman67:


It's finally been paid ooo.

Finally confirmed, thanks for the information.