emmanuelewumi:
I

First Bank of cause. My late grand parents used first bank, my parents use First bank, my wife and I use First Bank and I have opened first bank accounts for my children .

I also use UBA and Access Bank, but I don't use them for Treasury Bills

JohnXcel:

Pls what are their fees like?

Withdrawal fee?

Bank to bank transfer of Dollars?

zamirikpo:


I have to check my email and send u the full details. Just chill

.

Finally got my National I.D slip and I'm ready to go open an FBN so as to start my TBills journey...Better late than never.

Quick one; how long does account opening take at FBN?

What are the available rates for TBills now?

What's the RoI on Stanbic Mutual Funds?

Thinking of 200k TBills and 50k Mutual Funds...Any advise?

Thisandthat:

What is there if they start a new thread and post the link and those interested can equally follow since its getin very interestn.....Pls let us respect ourselves...Im female

I wanted to respond but since you are female, I will use you to practice how to cope with women when I am married.

Alikote:
no wonder ...we will not start a new one what contribution have u made to the thread ,or u think seun pay op to post information on tb for your free reading ,the main group is investment section ....u can choose to ignore

I have not contributed to this thread but I have also impacted in the lives of many and I dont rub it in their face.U also decided to reply with no wonder cos im female.Someone that claims to know so much and give it out for free shud exhibit some level of discipline........and.......shut up!!!

lilee2hot:
I came here to check if the Auction was successful or not and all I can see is property pricing and housing and the culprits are still saying they hope they are not derailing the thread!!! This is totally unacceptable... That's why Nairaland has different sections. Please you people should carry yourselves and go to the appropriate section. Thank you #Vexed!!!

Carry your vex go somewhere else abeg

Thisandthat:


I have not contributed to this thread but I have also impacted in the lives of many and I dont rub it in their face.U also decided to reply with no wonder cos im female.Someone that claims to know so much and give it out for free shud exhibit some level of discipline........and.......shut up!!!

Huh!!!!!

Please lets not derail the Thread!!

While its good to diversify just like i have always done sermons on...lets try not to confuse the thread users!

One or two comments on a different investment is cool..when it starts taking several pages is not too cooll anymore!!

PEACE!!!

emmanuelewumi:
V

Most properties in Nigeria are over priced, most investors over pay for houses that is why some smart guys are making a kill from the sector. The recession and the war against corruption put a glut in that sector.

A whole UAC property plc made a loss last year. I can't buy the property you posted for N45 million, the investor will still spend money to make the house liveable.

How much rent can he generate from this property.

He should have invested the money, building students hostels in a University town.

Your are very correct. I wanted to buy a property somewhere in Lagos state but the price discouraged me. I was later called back a few months ago to pay which i turned down. They have reduced the price and still the house is still there.

feelamong:
Please lets not derail the Thread!!

While its good to diversify just like i have always done sermons on...lets try not to confuse the thread users!

One or two comments on a different investment is cool..when it starts taking several pages is not too cooll anymore!!

PEACE!!!

Oga feelamong, Thanks Sir

Agree rates of 18% are over for now... Don't agree sub 10% is possible before December 2017... Inflation would need to be back to single digits... not likely this year. I think long dated TB discount rates will be at worst inflation rate minus 2%. And that even would be an anomaly in the TB market.

emmanuelewumi:


The party is almost over, sub 10% is very possible by December 2017.

Guys should strive for multiple streams of income and learn to keep their options open and flexible.

skydiver01:
Agree rates of 18% are over for now... Don't agree sub 10% is possible before December 2017... Inflation would need to be back to single digits... not likely this year. I think long dated TB discount rates will be at worst inflation rate minus 2%. And that even would be an anomaly in the TB market.

''Agree rates of 18% are over for now''

Does that mean i was lucky to have invested 5m on 18% 177days in July?

skydiver01:
Agree rates of 18% are over for now... Don't agree sub 10% is possible before December 2017... Inflation would need to be back to single digits... not likely this year. I think long dated TB discount rates will be at worst inflation rate minus 2%. And that even would be an anomaly in the TB market.

The rates will be determined by demand and supply.

I got 9% about 18 months ago, sub 10% or less is very possible by December 2017.

dotcomnamename:


''Agree rates of 18% are over for now''

Does that mean i was lucky to have invested 5m on 18% 177days in July?

Just got 98 days from First Bank at 16%.

emmanuelewumi:


Just got 98 days from First Bank at 18%.

Wow

T

Kemade2007:


Wow

Very sorry, it was a typo. I got it at 16%, a lady got 63 days at 17%.

I got 17.2 for 232 days with First bank yesterday in its secondary market.

emmanuelewumi:


Just got 98 days from First Bank at 16%.

Really? I got 87 days at 13% PA some days ago for someone.

emmanuelewumi:
T


Very sorry, it was a typo. I got it at 16%, a lady got 63 days at 17%.

dotcomnamename:



Really? I got 87 days at 13% PA some days ago for someone.

It appears First Bank is about the best for secondary market deals.

emmanuelewumi:



It appears First Bank is about the best for secondary market deals.

Yes First Bank is the best for Secondary Market. I got the 87 days at 13% PA from First Bank. Too low?

Pls anybody with Stanbic TB secondary rates

GTB 4/0ct/2017 rates

91 = 13.25

182 = 15.499

364 = 15.725

dotcomnamename:


I got the 87 days at 13% PA from First Bank. Too low?

It depends on what the seller got in the primary market and the initial tenor of the investment.

A person who got 13.5% for 91 days in the primary market and decided to sell after 4 days leaving the secondary market buyer with 87 days, is different from a person who got 364 days at 18.5% in the primary market and decided to sell after 277 days leaving the secondary market buyer with 87 days.

In the first instance the 87 days may yield 13%, while in the second example 87 days may yield 18%.

emmanuelewumi:


It depends on what the seller got in the primary market and the initial tenor of the investment.

A person who got 13.5% for 91 days in the primary market and decided to sell after 4 days leaving the secondary market buyer with 87 days, is different from a person who got 364 days at 18.5% in the primary market and decided to sell after 277 days leaving the secondary market buyer with 87 days.

In the first instance the 87 days may yield 13%, while in the second example 87 days may yield 18%.

The 87 days at 13.5% FBN was in the secondary market not primary market. Think its too low?

dotcomnamename:


The 87 days at 13.5% FBN was in the secondary market not primary market. Think its too low?

FBN is selling in the secondary market on behalf of their customers.

If their customer bought 91 days at 13.5% in the primary market, the secondary market rate will

be 13% or their about.

Some banks go use this TBills rate falling opportunity chop for secondary market. If the rate suppose to be 16% them go tell you say na 15% or 14%.

opomulero:
GTB 4/0ct/2017 rates

91 = 13.25

182 = 15.499

364 = 15.725

Meanwhile my GTbank rep says their secondary market is 15.5% for 345.

Even as the rates are going down. Anything less than 15% is low. Unacceptable. It does not make any financial sense to go to the Primary Market, when all you are doing is 91days or even 182days, when you can always get something reasonably better at similar tenors in the Secondary Market.

We have always harped on this in this Forum: From experience, to get favourable bargains, the following are good banks:

Stanbic Bank - Primary Market
First Bank - Secondary Market (endeavour to be at the bank possibly before 9am, but not Fridays, you can still get 16-17% or thereabout)

If you ask me, Primary Market is best when you are looking at 364days tenor. Why wait for an auction when all you are doing is 91days or 182days when you can get better rates at the Secondary Market at comparative tenors. Apart from the yields involved, always know too that TIME is equally an asset in Money Market investing.

Just my loud thoughts, though
.

Investnow2017:

Even as the rates are going down. Anything less than 15% is low. Unacceptable. It does not make any financial sense to go to the Primary Market, when all you are doing is 91days or even 182days, when you can always get something reasonably better at similar tenors in the Secondary Market.

We have always harped on this in this Forum: From experience, to get favourable bargains, the following are good banks:

Stanbic Bank - Primary Market
First Bank - Secondary Market (endeavour to be at the bank possibly before 9am, but not Fridays, you can still get 16-17% or thereabout)

If you ask me, Primary Market is best when you are looking at 364days tenor. Why wait for an auction when all you are doing is 91days or 182days when you can get better rates at the Secondary Market at comparative tenors. Apart from the yields involved, always know too that TIME is equally an asset in Money Market investing.

Just my loud thoughts, though
.

Exactly!

Anyone with successful bid in yesterday's auction, pls respond. Did with zenith bank 364days and no reply from them yet..

dotcomnamename:


The 87 days at 13.5% FBN was in the secondary market not primary market. Think its too low?

The day you filled that form, I believe the officer in charge told you that is what is available.
In my own case the officer told me 15% but I came back after 3 days he said what is available now is 13% and that was same day you bought yours for 500k at 13%.

Though he asked me to wait but I decide to proceed because of time factor.

What is available determine the rate you will receive in secondary market. If 15% is available that is what they will offer as well if 12% is available that is what they will offer.