Royal155:
I swear FIRST BANK is the best bank for this T.BILLS. I actually got %14.5 for 186days tenure. Oboi it pays to go with bank rate atimes, especially FBN.
I must lock down another fund next week. This easy money sweet i swear!

Adesiji77:


You were just fortunate. They have given me lower rates before now.

davide470:
FGN 2020 bond yield was 15.6% today.

Adesiji77:


You were just fortunate. They have given me lower rates before now.

Chide4Mannie:
When did you visit the bank FBN? Cos I have been comsidering where to invest. Is there a particular period when it's available and where?

What do I need to provide at the bank?

Lovinwa:
GTB has not debited me, I submitted on Monday and went for 14.98% for 364 days. Is it b/c I chose my rate because they usually debit me when I go with their own rate.

And is there any evidence of purchasing NTB that banks give like in FD? Something like certificate, thanks.

olujaidi:


Not necessarily. The focus is no longer inflation- it is growth/staving off a prolonged recession. Growth with inflation is better than no growth and high inflation(stagflation) which is what we're experiencing. If the rates rise further, there will be less lending to the real sector and less spending as people and banks will move money to Tbs thus avoiding lending and consumer spending. CBN may not want this.

I think *scratches head*.


TB Stop Rates
91 Days- 14.14%
182 Days- 15.485%
365 Days- 16.48%


I guess I was wrong

Lovinwa:
GTB has not debited me, I submitted on Monday and went for 14.98% for 364 days. Is it b/c I chose my rate because they usually debit me when I go with their own rate.

And is there any evidence of purchasing NTB that banks give like in FD? Something like certificate, thanks.

Omonigeriarere:


Can you please suggest the fair rate for the next bidding? I need to make my first attempt with GTB.

ummitoagirl:
See blessing in disguise, I applied for 182 days @ 12.10%, but I got my instruction in very late! So I didn't make it. Thank God I can bid 14.5% for August 4th! Lovely days ahead.

anuda:
Hello house, I am new in TB investment! plse enlighten me a bit; how does someone get his bank to bid for de TB at the prevailing rate?

olujaidi:


The next MPC meeting (next week) will give us an idea of what the CBN intends to do. However, it seems that the rates will follow inflation so that it can stay attractive

Lovinwa:
GTB has not debited me, I submitted on Monday and went for 14.98% for 364 days. Is it b/c I chose my rate because they usually debit me when I go with their own rate.

And is there any evidence of purchasing NTB that banks give like in FD? Something like certificate, thanks.

Omonigeriarere:


why will you bid for 14.5 on August 4th, when it is actually 15.5 today?

why niel:
'Bid submitted for 91days.
'Going with my bank's rate.
This is my first bid attempt.

Abcruz:
Pls what's the minimum amount to secure a treasury bill?

Danfuster:
hello house, really good job you're doing here.

I did read this thread from 0 to 50 then I skipped a few. I just need to ask this one question, do indulge me.

Say I secured a Tbills 1million at 14.5% for 182, do I have to bid again every 2weeks or It just play out at that % till the contract expires?

I want to invest and make a good bid by 4th August.

@feelamong, tritri pls enlighten

manie:
. FBN will accept 100k and above for Treasury Bill investment.

seunoni34:

Once you make a bid abs it's accepted, you'll be given your interest, the you wait till the maturity period (which is the bid duration you bod for - in this case 182 and withdraw your initial capital [1million] )

Danfuster:


thanks for taking out the time, appreciate it.

Does this mean I get cash return on discount at purchase of Tbills and at the end of the tenor I get paid for interest yield.?!

Pls indulge me, I just want to know what I'm doing before I step into a bank

Omonigeriarere:


So which rate can you suggest from experience for 91, 182, and 365 days?

ummitoagirl:
See blessing in disguise, I applied for 182 days @ 12.10%, but I got my instruction in very late! So I didn't make it. Thank God I can bid 14.5% for August 4th! Lovely days ahead.