Bamz:


June 3rd (today)

just2endowed:
BANK JUST CALL ME THAT MY BIDDING WAS UNSUCCCESSFUL

just2endowed:
BANK JUST CALL ME THAT MY BIDDING WAS UNSUCCCESSFUL

Bamz:


June 3rd (today)

princeuk21:
did you go with the bank rate?

Chillisauce:


I was told there was no bidding today. Gtbank.

Does anyone have the time table pls

sammily:
Afternoon bosses, anyone with the stop rate for Wednesday's auction?

feelamong:



Good day XXXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 9.799%

182 12.70%

364 12.9999%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates above were not successful.

princeuk21:
that's why its good to go with the bank rate sometimes.

Bamz:

seemples:


Please is the auction done weekly now;
I thought it was per fortnight??

Bamz:


Hello there,

It's done fortnightly unless otherwise specified during certain 'special periods'.

feelamong:



Good day XXXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 9.799%

182 12.70%

364 12.9999%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates above were not successful.

Ezehrobinson:
Good evening forumites, I just finished reading Robert Kiyosaki's rich dad and poor dad and I realized that I've been financially illiterate all these while. I was really impressed to come across this topic. Please I want to know the procedures involved in buying treasury bills cos I have dormant cash in bank. I would also love to know if the 10% interest on 91days is calculated per month or just 10% for the whole three months.
Thanks in anticipation as you guys help me in my quest for financial intelligence.

PS: Is treasury bill and shares, which is better?

FKBZ:
Have some investment on tbills in gtb which should expire Aug,did for 91 days.
Now am planning to do a year plan for tbills.the interest I plan to get should be able to start a new bizness for me.but am scared that a year is too long,how many of u have locked your money up for up to a year.

Spoke to my dad recently and we were gisting abt bills,me was letting him know its risk free,but he said something which shocked me and that is if the economy collapses nko.

Damolaskynov:


Brother,go ahead and invest long term. I also nurtured the same fears you currently had and ended up making a huge mess of my initial capital that would have been seriously ''working'' for me by now. I was fortunate to invest big time long-term during the uncertain election period early this year and I am the better for it...Nigeria did not ''roast" afterall...most of our fears only exist in the ephemeral anyways...
The more you stall,the more value your money loses over time especially in the current circumstances...GO AHEAD!!!

Luckystar220:
Gud afternoon house, pls something confused me alot in this treasure bills investment pls i nid answers. If sum1 should invest after 91 days and get his moni and capital back can he also invest again that same year e.g i invest in January till march and get my capital n interest bk can i invest again in April-june dat same year pls you pple should help me out.

Luckystar220:
@lancee rily u mean u can roll over in that same year??

lancee:



yeah u can roll over ,but u have to instruct ur account officer /bank

Luckystar220:
,, i rily need to knw it in dis page I've sent dem.msgs several tyms bt no reply bt in fixed deposit u can't rollover ryt?


And also in a year how mny tyms can i rollover lets assume m investing only for 91 days dats 3 months?