With the results from the last Auction on the amount raised by the CBN, we would expect the rates to skyrocket (this will not be drastic as the CBN has so many borrowing channels).

For example , CBN only managed to raise
22 Billion out of expected 45 Billion for 91days Auction.
18 Billion out of expected 23 Billion for 182 days Auction.
46 Billion out of expected 54 Billion for 364 days Auction.

These figures implies that CBN NTB was nearly 30% underfunded at the last Auction. The reasons are probably due to unattractive interest rates, competition from MMM.

The CBN will try to gain back more investors by maintaining competitive interest rates, shutting down MMM

Therefore we expect higher interest rates going forward.

tundebabzy:
With the increased inflation I think it's safe to stick with last auction rates or maybe even go a little bit higher. What do you guys think?

Ihavespoken:
With the results from the last Auction on the amount raised by the CBN, we would expect the rates to skyrocket (this will not be drastic as the CBN has so many borrowing channels).

For example , CBN only managed to raise
22 Billion out of expected 45 Billion for 91days Auction.
18 Billion out of expected 23 Billion for 182 days Auction.
46 Billion out of expected 54 Billion for 364 days Auction.

These figures implies that CBN NTB was nearly 30% underfunded at the last Auction. The reasons are probably due to unattractive interest rates, competition from MMM.

The CBN will try to gain back more investors by maintaining competitive interest rates, shutting down MMM

Therefore we expect higher interest rates going forward.

I think 15% will sail through for 91 days. Yes?

What if I want to opt out before the maturity date?

Did anyone try?

What are the basic procedures and what is the experience like?

Thanks as you reply.

I think 14:00 to 14.2 will be a safe bid for 91 days.

tundebabzy:

I think 15% will sail through for 91 days. Yes?

Ihavespoken:
I think 14:00 to 14.2 will be a safe bid for 91 days.

please house i need clarifications, if i purchased treasury bills worth of 5 million for 91 days maturity at 14 percent interest. please how much will it be my profit.

just trying ti b cleared on it dont say it sound stupid or silly to ask such question

Abbey1987:


please house i need clarifications, if i purchased treasury bills worth of 5 million for 91 days maturity at 14 percent interest. please how much will it be my profit.

just trying ti b cleared on it dont say it sound stupid or silly to ask such question

+/- 175k

Placed a bid of 15 percent for 91 days. Lets see how it goes...

Abbey1987:


please house i need clarifications, if i purchased treasury bills worth of 5 million for 91 days maturity at 14 percent interest. please how much will it be my profit.

just trying ti b cleared on it dont say it sound stupid or silly to ask such question

How much will be my share because I buy the calculator.
5m*.14/4=?

battleaxe:


+/- 175k

Please how is it calculated

Abbey1987:

Please how is it calculated

The OP above already gave you the breakdown.
Its simple interest.
P*T*R/100=Interest
Where P is your principal, in this case 5M,
T is time, divide by12 if in months, 91days=3months = 3/12=0.25
R is rate in percentage, hence R/100.

Got it?

sanerugwei:

The OP above already gave you the breakdown.
Its simple interest.
P*T*R/100=Interest
Where P is your principal, in this case 5M,
T is time, divide by12 if in months, 91days=3months = 3/12=0.25
R is rate in percentage, hence R/100.

Got it?

Thanks a lot really appreciate it sir

Please anyone with useful information on CBN bills and CBN's Open Market Operations (Government securities)?

Can they be bought same way as NTB and where are they bought from?

Dear All

Find below 16th Nov. 2016 NTB Auction result:


Tenor (91-Day); (182-Day); (364-Day)

Offer Amount (=N=) 32,436,508,000; 22,824,447,000; 64,677,523,000

Total Subscription (=N=) 36,626,653,000; 34,390,819,000; 87,060,793,000

Allotment (=N=) 32,436,508,000; 22,824,447,000; 64,677,523,000

Stop Rates (%): 13.9900; 17.4000; 18.7000

fsb:
Placed a bid of 15 percent for 91 days. Lets see how it goes...

You missed it! ...... Significantly!

Hello house i did 14% for 91 days and the stop rates seem to be 13.99% . What are my chances? Any ideas plzzzz?

ozymes:
Hello house i did 14% for 91 days and the stop rates seem to be 13.99% . What are my chances? Any ideas plzzzz?

No Chance, wait for the next auction and always be conservative. avoid.. bidding at round figures

i thought they will debit us today.

battleaxe:


You missed it! ...... Significantly!

Yeah...well, its not too bad. Can always re-bid in another 2 weeks...

Thank you Kokobongo

fsb:


Yeah...well, its not too bad. Can always re-bid in another 2 weeks...

Or buy from the secondary market

Please when is the next bid?

ozymes:
Please when is the next bid?

Two weeks time

That would be 29th of November , 2016?

ozymes:
That would be 29th of November , 2016?

Yap

jemijames:


Pls your signature is not working even for android.

This is my number.... Add me up pls... 09039008222

Pls am so sorry. Will add u up now. Have not been on for a while

Morounofolu:



07083839243 add me up.

So sorry wil do that

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My bid was successful. I invested for 182 days through First Bank @ 17.2%

neoG:
I bring to you another lucrative package apart from treaury bill. Check my signature and click the whatsapp link there. Join the group and you will thank me like as if you are doing it to Obama. Get to know everything you need to know about bitcoin and how to earn more of it conveniently. Joke apart i am a living witness. Welcome to the world of financial freedom. Bitcoin rocks.

You can open a new thread for your investment scheme.

ozymes:
Hello house i did 14% for 91 days and the stop rates seem to be 13.99% . What are my chances? Any ideas plzzzz?

I also put 14.0% for 91 day. No chance at all. Watch the economic news for the next few days to know what bid to prepare for the next auction.

Ok thnx @ tundebabzy