poposki33:
you didn't check well
but here is a screenshot

just2endowed:
Hello guys, I was watching market reports 10am on channels TV and I heard the rate at Which tb for 90days were, traded on the capital market at 14.5%.


Want to ask, if this correlate with tb that are sold on the secondary market and does this rate affect the primary bidding rate?

ukay2:

Please can I get a link on NTB calender for 4th quarter 2015(September-December2015)
I need it URGENTLY.
Thanks.

petikal:


CBN doesn't have the calendar for your request; however it's easy to know the dates. Last NTB auction was Aug 19th; the previous one was 5th, and the one prior was July 22nd. So, essentially add 14days consecutively and you'll get your Sep-Dec schedule.

Next bid would be Sep 2nd, and it's advisable you issue your instruction to your bank rep 1wk in advance.

Also notable fact is that 364-day tenors are done once a month, as opposed to 91 and 182day tenors.

ukay2:



so I can bid for 365-day tenor come 3/9/2015?
your response is highly appreciated.

unite4real:


NTB profit is tax free pls.

ukay2:




Thanks guy.
So I can bid for 1 year treasury bills for 3/09/2015?

princeuk21:
lol VAT free?

just2endowed:
So guys what's it's like investing from the secondary market? Will one get a rate higher than the primary bidding rate or something little bit lower

petikal:

Yes.

I know the question wasn't addressed to me, but this is what makes NTB attractive: Unlike fixed deposit, no taxes/VAT, and interest payment is upfront, which could be used for reinvestment.

princeuk21:
I do get commission/vat, custody fee/vat debit when investing is that not same as yours? or am I the only one getting this debit here??
unit4real d question also goes to you bro please I need explanation.

divinessa:
please guys i don't really know much about ntb, if I invest like 400k for 91days, how much interest will I get and can i still do it this month?

petikal:


There's no vat for NTBs, no tax at all. All I get charged (and what's legally permitted by CBN) is custodian fee, which is almost negligible with a decent capital. If you're being charged anything else, you're getting shortchanged.

petikal:

Yes.

I know the question wasn't addressed to me, but this is what makes NTB attractive: Unlike fixed deposit, no taxes/VAT, and interest payment is upfront, which could be used for reinvestment.

princeuk21:
lol VAT free?

inze:


Lower,

This is because the bank is selling to you out of what they purchased from the primary market, in otherwords "retailing"

inze:


Lower,

This is because the bank is selling to you out of what they purchased from the primary market, in otherwords "retailing"

inze:


Lower,

This is because the bank is selling to you out of what they purchased from the primary market, in otherwords "retailing"

motherlode:
Hello house
i applied for a 91 days TB and was debited #100,000 on wednesday evening, i haven't been credited with the interest. Is it that i have been cheated by the bank or what?
Please say something?
Princeuk21 and many others

feelamong:


Its not always Lower! it depends on who is buying the bills for you and how well you can bargain.....also on how much you are investing.

I have bought 88days Tbills at 11% even when the stop rate for 91 days was going for 10%.

just last week I also assisted a friend to buy 194 days Tbills at 13.5 for a friend even when the stop rate is 13% for 182 days

Its not always Lower! it depends on who is buying the bills for you and how well you can bargain.....also on how much you are investing.

I have bought 88days Tbills at 11% even when the stop rate for 91 days was going for 10%.

just last week I also assisted a friend to buy 194 days Tbills at 13.5 for a friend even when the stop rate is 13% for 182 days

Alikote:
Feemong how do u go about buying for 88 days

quertyquack:
You must be offering them some serious money. Pray tell!

feelamong:


hahaha.....we want to make money..how we go dey offer them money again?

na negotiation skills bro!

also use good firms that would like to see you succeed

feelamong:


Its not always Lower! it depends on who is buying the bills for you and how well you can bargain.....also on how much you are investing.

I have bought 88days Tbills at 11% even when the stop rate for 91 days was going for 10%.

just last week I also assisted a friend to buy 194 days Tbills at 13.5 for a friend even when the stop rate is 13% for 182 days

Its not always Lower! it depends on who is buying the bills for you and how well you can bargain.....also on how much you are investing.

I have bought 88days Tbills at 11% even when the stop rate for 91 days was going for 10%.

just last week I also assisted a friend to buy 194 days Tbills at 13.5 for a friend even when the stop rate is 13% for 182 days

ukay2:



Pls my oga feelamong,
Which investment firm you use for your investment....?
I may want to start using them.
Thanks.

unite4real:


I understand the charges are lower when you use a bank compared to the investment houses.

princeuk21:
lol VAT free?

feelamong:


i use fidelity securities ltd