feelamong:
Today's Auction was madt!!

massive funds in the market and all rates crashed wella..

One year rates looking at 14.37% (make i try confirm am first)

Please confirm.
Waiting.......sir!

TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

feelamong:
TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

Although I'm a bit disappointed, but 14.37% for 364 days is still better than leaving my money in my savings account for a measly rate.

feelamong:
TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

Thanks, feelamong.

Ok I should try and raise 100k as start up capital then...thanks

feelamong:
TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

if this is confirm todays rate, am already disappointed in locking for 364days and i think next 2 week primary auction will crash more

damsolyn:
Ok I should try and raise 100k as start up capital then...thanks

Dont wait...N30k is enough to start earning better rates than 91day TBills...consider investing in a Money Market Mutual Fund instead. It has its own Nairaland thread: https://www.nairaland.com/1912965/mutual-funds/142#76181881. And you can see the daily rates made here: https://fman.com.ng/mutual-fund-price-list/.

MMFs accept as low as N5k. So, if you are not taking Oga ahiboilandgas's advice to start a business you know, then consider MMFs.

MMFs pool funds from many many people and invest your money in low risk financial instruments; a combination of Treasury Bills, Fixed Deposits etc.

PS: there are other types of Mutual Funds, so if you do not want to take significant risk with your initial capital, look out for Money Market Mutual Funds.

feelamong:
TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

chaiii chaiii there is God oòoooh.. ..let atiku carry the thing go court to create uncertainty

Ikmontana1:
Good morning gurus
Pls ma t-bills investment will mature on March 14th, but d next primary auction after 2moro will b on d 13th.
ma question is, can I invest in d primary auction on March 13th wen ma last t-bills investment will mature on March 14th ??
If yes,
How do I go about it ? Tanx.

Oga Gavrelino123 suggests this is possible with GTB in a post regarding the last 13 Feb primary auction: https://www.nairaland.com/878880/treasury-bills-nigeria/696#75732560

feelamong:
TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

I suspected such would happen, reason why i locked down @ 14.75% through gtb secondary market last week.

Some banks may not make it through especially those of them used to bidding close to stop rate
of 15%

Like someone already said, it's far better than keeping money in your savings account.

feelamong:
Today's Auction was madt!!

massive funds in the market and all rates crashed wella..

One year rates looking at 14.37% (make i try confirm am first)

Seems many are running away from the stock market to Tbills and Bonds.

damsolyn:
Good morning to all the professionals here, I have read and read many things on the thread but I still don't get it clear on how to start all this investment stuff you guys re doing.
Please I want someone to hold my hand and start teaching me...
My salary range is 30k per month and I don't know if that can start up something.....if yes please I need someone to mentor me on it..thanks

I think you should open a mutual fund account (money market fund precisely) to enable you save up to the required minimun for treasury bills.

There is a thread for mutual funds here, you may check it up.
You can start with as little as 5k and add as many times as possible. You can also choose to reinvest the interest to achieve your saving goals a bit faster.

Hope this helps

[quote author=skyangel post=76186607]

Ok thank you so please how do I go about of opening the mutual fund account

GTBank rate today for primary market
91 days - 10.85%
182 days - 13.2%
364 days - 14.8%
Meanwhile, I was told to write a letter requesting that they invest in T-bills for me. Please does anyone in the house have a format for the letter?

Gtb investor please how do you identify if your tbills was successful.

carbon1224:
Gtb investor please how do you identify if your tbills was successful.

Your account will be debited tomorrow if successful

skyangel:

Your account will be debited tomorrow if successful

Submitted my instructions since Monday but still no notification .

olasworld:
GTBank rate today for primary market
91 days - 10.85%
182 days - 13.2%
364 days - 14.8%
Meanwhile, I was told to write a letter requesting that they invest in T-bills for me. Please does anyone in the house have a format for the letter?

where you got this info for rate?

olasworld:
GTBank rate today for primary market
91 days - 10.85%
182 days - 13.2%
364 days - 14.8%
Meanwhile, I was told to write a letter requesting that they invest in T-bills for me. Please does anyone in the house have a format for the letter?

Sure about these rates? Nice then

There is no particular format for the letter. You may just address the letter to the branch manager asking to invest in T-bills for you in so & so day primary or secondary auction, for so & so number of days, at the bank's best rate, from account number so and so, your name, signature & date. You are good to go

(

carbon1224:


Submitted my instructions since Monday but still no notification .

Yes. I suppose it's primary market. If so, you won't get any notification till thursday if successful

skyangel:

Sure about these rates? Nice then

There is no particular format for the letter. You may just address the letter to the branch manager asking to invest in T-bills for you in so & so day primary or secondary auction, for so & so number of days, at the bank's best rate, from account number so and so, your name, signature & date. You are good to go

Thanks so much. Got the rate from Opebi branch of the bank

janga:


where you got this info for rate?

Na from the bank C.S

skyangel:

Yes. I suppose it's primary market. If so, you won't get any notification till thursday if successful

Thanks will wait

ahiboilandgas:
chaiii chaiii there is God oòoooh.. ..let atiku carry the thing go court to create uncertainty

atiku oooh.....

chai.....very poor.....very very poor rates ooh

That means we may be getting like 14.2% from stanbic.

zamirikpo:


atiku oooh.....

chai.....very poor.....very very poor rates ooh

That means we may be getting like 14.2% from stanbic.

and in next auction, its possible rate will crash more

Haha if they offer such ridiculous rate it will spark a protest, i am expecting 14.7 minimum, i almost wrote 14.9 but decided to go with their ballot box rate.

zamirikpo:


atiku oooh.....

chai.....very poor.....very very poor rates ooh

That means we may be getting like 14.2% from stanbic.

This thread has been very informative so far and i’m proud of all its contributors.

I had an interest rate of 13.5% today on 182days from Stanbic Ibtc bank, I was able to key in 4m on it. This is my first time investing on tbills, thanks to this thread.

feelamong:
while we are talking about Politics....Some FPIs sneaked into Naija and invested heavily in our Treasury Bills and Bonds last week.

I expect the yields to keep dropping as the elections approach and after elections.

The time to move in is NOW!

Thanks for this priceless information. You are a selfless being. God bless you.

complete result from todays Primary Market Auction as per easykobo



link is here https://www.easykobo.com/News/21107

@ damsolyn,

I"m just seeing your post. Pls search for the thread on mutual funds. It contains everything you need to know.
I'm sorry i don't know how to post links. Gurus in the house can help

skyangel:
@ damsolyn,

I"m just seeing your post. Pls search for the thread on mutual funds. It contains everything you need to know.
I'm sorry i don't know how to post links. Gurus in the house can help

That's true.... Interest could be true yield as 13%. Good for small income earners

Morning y'all. When can one expect debit alerts for successful bids?
Another question that bugs me:_supposing I write a letttr seeking to invest in TBills and for some reason the bid was unsuccessful.. Would I have to write another letter for the next auction or the bank would take my original letter as standing instruction to invest in subsequent auctions without a recourse to me?