timothy001:
Not in nigeria for few years..Anyother way i can monitor ?

@Feelamong U're a Blessing to most people here

you can actually monitor from the websites of some investment coys like Proshare, Afrinvest, Meristem,

you can even subscribed and be added to the mailing list for fixed income securities from Treasury departments of Access Bank, GT and Fidelity Bank...

most importantly we can share info here or via my email add feelamong@gmail.com

Am a novice in this treasury bills stuff and am currently inside wema bank to purchase a tb of 200k for a period of 364days, pls I need advice on if I should clearly state it in my letter the percentage I want or I should state it that the bank should use their best rate…. Fast Response needed my people

beebee24:


Can i invest 100k and where's your office?

Yes you can and our office is at

Plot 154, Prince Ade Odedina Street ,
Off Ajose Adeogun Street,
P. O. Box 70150
Victoria Island, Lagos State
Tel: +234-1-2715250, 2715251, 2715253

Regards
Oluwatobi

simplibaba:
Am a novice in this treasury bills stuff and am currently inside wema bank to purchase a tb of 200k for a period of 364days, pls I need advice on if I should clearly state it in my letter the percentage I want or I should state it that the bank should use their best rate…. Fast Response needed my people

ask dem for their rates first....

but I if was to bid today I will go for 12%

feelamong:


ask dem for their rates first....

but I if was to bid today I will go for 12%

Av asked but she said they dont determine percent but I should clearly state my bidding percent that if successful I will b communicated nd if not I will also b communicated…..
M thru with my bidding though(12% for 364days)

feelamong:


1M * .10* 7/365 = 13,424

So you get around 13.4K Upfront payment

Wrong calculations there. That will be 1881NGN at the end of seven days for a 10% deal on 1 mil. Here's how...10% for a year is 100k, divide that by 12months n you get 8333 per month, divide that by 31days n you get 268.82 per day multiply that by 7 n voila!

demolagilbert:


Wrong calculations there. That will be 1881NGN at the end of seven days for a 10% deal on 1 mil. Here's how...10% for a year is 100k, divide that by 12months n you get 8333 per month, divide that by 31days n you get 268.82 per day multiply that by 7 n voila!

lol, the fuel wey i go use go bank to buy the 7days tb don pass 1881

demolagilbert:


Wrong calculations there. That will be 1881NGN at the end of seven days for a 10% deal on 1 mil. Here's how...10% for a year is 100k, divide that by 12months n you get 8333 per month, divide that by 31days n you get 268.82 per day multiply that by 7 n voila!

That's correct. I have been wondering how @feelamong got that big amount of interest on 7days only

Zeiya:

That's correct. I have been wondering how @feelamong got that big amount of interest on 7days only

Can u really do t.bills for 7days?

Zeiya:

That's correct. I have been wondering how @feelamong got that big amount of interest on 7days only

obviously I must have been smoking when I typed the figures...

its actually 1917.81

If you want to make life easy for yourself investing in T-bills, visit angelstartups.com.ng/fixedincome for professional advice and information.

feelamong:


obviously I must have been smoking when I typed the figures...

its actually 1917.81

you admit you smoke?

coderXO:


you admit you smoke?

yep I smoke to kill tension!

most especially when I have staked some good cash bets on Nairabet

feelamong:


yep I smoke to kill tension!

most especially when I have staked some good cash bets on Nairabet

heh ok.

Now you went on a mentioned another bad habit.

heheheh !

Jokes aside, both of those will totally ruin your life.

The latter quite faster than the first.

If I share my sports gambling travails from a previous life...

Get out of it asap.

These are the results for yesterday's biddings obtained directly from the CBN website

Government Securities - Primary Market(NTB)
Auction Date 10/21/2015

Security Type NTB
Tenor 91
Auction No 21-10-2015-91 Day
Auction Primary Market
Maturity Date 1/21/2016
Total Subscription 78334.95
Total Successful 36786.99
Range Bid 6.9000 - 12.5000
Successful Bid Rates 6.9000 - 8.4990
Description Issue
Rate 8.499
True Yield 8.683
Amount Offered (mn) 36786.99
Auction Date 10/21/2015

Security Type NTB
Tenor 182
Auction No 21-10-2015-182 Day
Auction Primary Market
Maturity Date 4/21/2016
Total Subscription 101567.3
Total Successful 35000
Range Bid 8.9000 - 13.5000
Successful Bid Rates 8.9000 - 10.1500
Description Issue
Rate 10.15
True Yield 10.6911
Amount Offered (mn) 35000
Auction Date 10/21/2015

Security Type NTB
Tenor 364
Auction No 21-10-2015-364 Day
Auction Primary Market
Maturity Date 10/20/2016
Total Subscription 222011.19
Total Successful 66385.9
Range Bid 10.0000 - 15.2066
Successful Bid Rates 10.0000 - 10.8170
Description Issue
Rate 10.817
True Yield 12.125
Amount Offered (mn) 66385.9

The rates across board is really dropping...10.817% for 364 day tenor is really PAINFUL...I only hope all these attempts at rallying the economy does not backfire anytime soon,the sacrifice will only be worth it if eventually the economy improves. Otherwise,...

It is well, I dont even know if my bid was successful or not

Omo at the rate these stop rates are dropping eh.....

anyway...my eyes don dey dey more for stock market...

but then at 12.5% the Fidelity Investment Notes is looking more like it

feelamong:
Omo at the rate these stop rates are dropping eh.....

anyway...my eyes don dey dey more for stock market...

but then at 12.5% the Fidelity Investment Notes is looking more like it

Oga feelamong, pls I dont even know if my tb bid was successful or not because am yet to receive any alert from my bank neither have I received any mail from them, how will I know if it successful or not?

Mehn tb has finally crashed. What other fixed investment opportunities one can go into now?

Can a roll-over order be rescinded?

The rates is nothing to write home about again.

simplibaba:



Oga feelamong, pls I dont even know if my tb bid was successful or not because am yet to receive any alert from my bank neither have I received any mail from them, how will I know if it successful or not?

what did you bid?

from the stop rates you should be able to know na..

anyway just speak to your bankers asap

just2endowed:
Mehn tb has finally crashed. What other fixed investment opportunities one can go into now?

i think this govt is sending some serious message to us all...we all should go and do some real businesses and get productive. seems the days for easy easy money is gradually coming to an end (if its sustainable)

maybe na to go begin farm now

on a serious note, its time to start looking at taking some sort of risk in other investment vehicles

feelamong:


what did you bid?

from the stop rates you should be able to know na..

anyway just speak to your bankers asap

12% for 364days at wema bank nd stop rate s 10.8 I guess but I was told the bank will use cbn stop rates on behalf of the bidders irrespective of what the bidder actually requested for…

simplibaba:





12% for 364days at wema bank nd stop rate s 10.8 I guess

clearly you lost ur bid

feelamong:


clearly you lost ur bid

Gobeeeeeee

feelamong:

clearly you lost ur bid

10.81 stop rate for the bank or cbn ?

Pls@all... when is the next treasury bill auction going to take place.

feelamong:


i think this govt is sending some serious message to us all...we all should go and do some real businesses and get productive. seems the days for easy easy money is gradually coming to an end (if its sustainable)

maybe na to go begin farm now

on a serious note, its time to start looking at taking some sort of risk in other investment vehicles

I think the rates will go up as soon as the 2016 budget is ready, you know the govt has past its borrowing limits for 2015 and they r still borrowing. When its time to borrow for 2016, the rates will be more attractive.

feelamong:


you can actually monitor from the websites of some investment coys like Proshare, Afrinvest, Meristem,

you can even subscribed and be added to the mailing list for fixed income securities from Treasury departments of Access Bank, GT and Fidelity Bank...

most importantly we can share info here or via my email add feelamong@gmail.com

pls wen is the date for the next auction??

kristien4:

pls wen is the date for the next auction??

next auction is 5th of November but drop ur bid a day before that day with ur bankers

mekaboy:


10.81 stop rate for the bank or cbn ?

CBN stop rate for 364 days

feelamong:


CBN stop rate for 364 days

cbn stop rate for 364 is 10.81? i thought it was 12%.

When was this auction?