HazzanTazzan:


please o...
all these talk about evidence of investment... fidelity didnt give me any evidence o..
i just got an alert notifying me of the successful bid and the removal of the amount from my account.
should i go to the bank for evidence?
thanks

not necessary

thank you all for your responses(silence)

LaconicINC:
Please everyone, gurus and all, I need answers, I went to stanbic in Enugu and I was asked to return on Monday next week that it can not be done now, what is the reason for that? They did not give me any further explanation, should I wait till then or ask further questions, responses urgently anticipated, thanks

Not necessary ?? How do you mean sir?

LaconicINC:
thank you all for your responses(silence)

kings11ng:
not necessary

Not necessary?? How u mean sir?

Bennycollins:
Not necessary?? How u mean sir?

@ the end of the tenure u bidded the bank will credit your money back

Hi bro, saw your post on the update, I guess they said that to you cos they are waiting to have a clue on the rates for their secondary market buy.

Fortunately I am in touch with a guy who handles TBills bids at a Branch just near EEDC office I guess its same as where you Bank?

If you really need to sell urgently, you can go back to the branch and ask to see the person in charge of T-bills, then tell him you already have someone who will buy it. He will decide the rates as Bank still have to make a profit out if it.

Let me know.

LaconicINC:
Ok will let you know by tomorrow by God's grace

MrTour:
Hi bro, saw your post on the update, I guess they said that to you cos they are waiting to have a clue on the rates for their secondary market buy.

Fortunately I am in touch with a guy who handles TBills bids at a Branch just near EEDC office I guess its same as where you Bank?

If you really need to sell urgently, you can go back to the branch and ask to see the person in charge of T-bills, then tell him you already have someone who will buy it. He will decide the rates as Bank still have to make a profit out if it.

Let me know.

at this point I think I need to call you so we could talk more my email is tojubossatyahoo.com yes that was the branch I went to

Hello Gurus,

Pls I need your comments/advice on my TB transaction with a Bank.

I was able to invest in the last TB of 19 Oct as I gave my Bank the instruction to invest 400k for 182 days.
On Thur-20 Oct, I got debited N400k and Custodian fee of 199.45 and commission fee of ₦ 41.64. I was credited with upfront interest of 33,308.49.

I calculated that they bidded at 16.7%, but I saw that the official rate for 182 Days on 19 Oct was 17.09%.

I thought I will be debited the sum of the discounted value of 366,691.51 with the other fees/charges, have 33,308.49 left in my account and also credited with upfront interest= 33,308.49 to spend.
So that I will get the sum of N400k returned in 6 months’ time.
This will make a total return of my investment to be N466,616.

Pls assist to confirm if they are right and what amount will I collect in 6 months’ time.
They have not given me any advice/investment letter also.

I thank everybody in this forum, God bless us all. I bidded on 5th Oct 2016, it wasn't successful but now my bid of 19th Oct was successful. I thank everybody for their contribution.


But i still dey collect for MMM to supplement

my treasury bills has been sold through stanbic, don't know the percentage but i got #193,098.46 it was nice doing business with you guys, i will take my leave of absence from this thread,

LaconicINC:
my treasury bills has been sold, don't know the percentage but i got #193,098.46 it was nice doing business with you guys, i will take my leave of absence from this thread,

why did u involve yourself if u aint ready to go all d way?

inze:


. . . 100k, i believe

Pls does first bank allow someone bid wt his personal rate if i choose nt to go wt d bnk rate? I no gtb and fcmb dnt allow. Thnk you

Yes they would. I did my first bid through first bank, i quoted my own rate and i was successful.

burrytee:

Pls does first bank allow someone bid wt his personal rate if i choose nt to go wt d bnk rate? I no gtb and fcmb dnt allow. Thnk you

Thanks to everyone who have contributed in the enlightenment of the general public about Treasury Bill.


please when is the next auction? My account officer told me that it is scheduled to hold on the 4th of Nov. I need a confirmation from the house.

Its between 3rd and 4th of November i believe.

The Most advisable thing to do is to throw in your bid latest Monday before 12 noon.

PhoenixReal:
Thanks to everyone who have contributed in the enlightenment of the general public about Treasury Bill.


please when is the next auction? My account officer told me that it is scheduled to hold on the 4th of Nov. I need a confirmation from the house.

Jessglam:
Its between 3rd and 4th of November i believe.

The Most advisable thing to do is to throw in your bid latest Monday before 12 noon.

Thank you very much.

Please what are the possible rates to bid for the various tenures?
My account officer seemed to be withholding information about bidding in the primary market and was trying to encourage me to bid in the secondary market

Is it a must 4 d money to be in someone account before bidding

Is it a must 4 d money to be in someone account when bidding

drealj:
Is it a must 4 d money to be in someone account when bidding

YES SIR .

drealj:
Is it a must 4 d money to be in someone account when bidding

it is a must

LaconicINC:
my treasury bills has been sold through stanbic, don't know the percentage but i got #193,098.46 it was nice doing business with you guys, i will take my leave of absence from this thread,

pls house I also want to liquidate mine, I did 258 thousand for 364 day @18percent. I want to know how is being calculated n how much am likely to loose. pls guys make una help me

kings11ng:
not necessary

how can you say its not necessary. assuming you need to get a loan from the bank, don't you know that your treasury bill can stand it for you as a collateral. how possible will that be without a proof of evidence?.
God forbid tho but assuming an investor dies after investing, with the letter or proof of investment, his/her family will know that there is a pending investment that they can cash in after his/her demise.

gory24:
..From what I was made to understand by my account officers at FBN,there is not meant to be any charge on your TB..I wasn't charged any fee and my bid went through(FBN)..So go to your FBN bank and ask them to provide explanations..

actually that's false. at fbn bank. you will be charged
commission - 0.125%
custodian fee - 0.10%
transaction fee - 100naira and then
Vat - 5% of all three above.
################################################
those are the charges according to first bank Nigeria.
although after personal calculation, the total charge came out as 1.1% of my interest

Hello house,pls can I use my own rate to bid at gtb? Wil it b approved?so far is goin to less dan cbn rate? Or does gtb prefer to use their own rate for some1?thanks as u answer

Please anybody with current prediction rate for this week

Please am new to tbill.when is closing date 4 dis week bidding

drealj:
Please am new to tbill.when is closing date 4 dis week bidding

For most banks is by 12 noon on Tuesday, but for First bank is normally by EOD today.

Greetings guys am a newbie but am interested in investing in TBills. I just came out of Accessbank, Nsukka and they are offering 15% for 108days and 17.2% for 297days. The manager said no primary bidding.

Greetings guys am a newbie but am interested in investing in TBills. I just came out of Accessbank, Nsukka and they are offering 15% for 108days and 17.2% for 297days. The manager said no primary bidding. Do I look for another bank or keep insisting?

ceelog:
Greetings guys am a newbie but am interested in investing in TBills. I just came out of Accessbank, Nsukka and they are offering 15% for 108days and 17.2% for 297days. The manager said no primary bidding. Do I look for another bank or keep insisting?

don't mind them... primary bidding always occurs....it could be that you came after the deadline had lapsed...(had similar issue with Standard Chartered)..

but I still waited till the next auction round and bidded via the primary market.....so my advise is for you to wait for the next auction cycle in 2 weeks (try and go on the Monday b4 the bid as early as 10am)

Trade Minister, Enelemah, identifies strategies to move the economy forward at the 6th FBNQuest Investor Conference

The Honourable Minister of Industry, Trade and Investment, Mr. Okey Enelamah, has reiterated government’s commitment to ending the current economic recession through strategic policies such as robust partnership between government and the private sector, support to Micro, Small and Medium Enterprises (MSMEs), as well as intervening in high potential sectors including manufacturing and agriculture.

He made these points at the 2016 Annual Investor Conference organised by FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. held on October 27, 2016 at the Eko Hotels & Suites, Victoria Island Lagos.

In his presentation tiled ‘Matching Opportunities with Patient Capital,’ the Honourable Minister of Industry, Trade and Investment, Mr. Okey Enelamah, emphasized the importance of government partnership with the private sector in order to move the nation’s economy forward.

He said despite the recession, Nigerians should see the economy from a positive perspective and deemphasize on the negative side of the recession. He noted that the oil price crash exposed the structural deficiency in Nigeria’s large and thriving economy.

According to him, “Countries in difficulty have used different strategies to strengthen and diversify their economies. That is why Nigeria needs to move away from over dependence on oil. Diversification and growth is key to economic recovery and ensuring a more stable future. Nigeria should have a strong local base of investors because foreigners will always leave leading to dry up of capital.”

Mr. Enelamah recommended applying practical solutions such as creating the right environment and polices to harness the productivity of Nigerians in order to overcome the current inflation in Nigeria, as the economy remains large and full of potentials. He added that it is very easy to have a disconnect between the government and the people when there is no trust in government policies.

Speaking further, the Hon. Minister identified the 5 execution principles of the Ministry of Industry, Trade and Investment (MITI) which include creating a favourable economic framework, support to Micro, Small Scale and Medium Enterprise (MSME), sector prioritization, partnership and joint ventures and immediate implementation of policies.

In order to realize Nigeria’s diversification and growth plan, it is essential to concentrate on an area where Nigerians are advantaged and give them necessary support, he said.

He further identified areas such as energy, clarification of Nigeria’s foreign exchange policy, agriculture, manufacturing and transportation as critical to economic growth.

In his conclusion, the Minister declared, “A crisis is too great an opportunity to waste.”

Head, Equity Research, FBN Capital, Mr. Bunmi Asaolu, gave a joint presentation With Gregory Kronsten Head of Macro-Economic Research FBN Capital, titled ‘The Economy and Markets’ Mr. Kronsten opened the presentation by linking the recession to the fall in supply of foreign exchange and the lack of a buffer of reserves. He noted that non-oil inflows are now higher than oil inflows and that they could and should grow substantially.

Mr. Bunmi Asaolu on his part stated that there was a strong double digit growth in revenue and Profit Before Tax (PBT), and triple digit growth for Payment After Tax (PAT), and that close to half of the of the PBT derived were from foreign exchange related gains.

A panel session comprising the MD of Secure ID, Mrs. Kofo Akinkugbe; MD of Unified Payments, Mr. Agada Apochi; MD of Presco, Mr. Felix Nwabuko; MD, GTI Group, Mr. Rahul Savara and MD of Verod Capital Management, Mr. Danladi Verheijen discussed ‘Capitalising on Disruptions to the Status Quo.’

The second panel discourse focusing on ‘A New Way of Thinking on Infrastructure Spend’ had the Senior Director Investment Group, AFC, Mr. Ato Gyasi; Lead Partner, Detail Commercial Solutions, Mr. Ayuli Jemide; Executive Director, ICRC, Engr. Chidi Izuwa and CFO of Seven Energy, Mr. Bruce Burrows as panelists.

The annual FBNQuest conference, which is now in its 6th year, provides a forum for investors to interact with leaders of the economy, key policy makers in government and senior executives of leading corporate institutions. Over the years, the conferences have hosted several Ministers covering various portfolios including Finance; Industry, Trade and Investment; Communication Technology; and Petroleum Resources; as well as representatives from the Central Bank of Nigeria, the Securities and Exchange Commission and the Nigerian Pension Commission, amongst others.

FBNQuest is the brand name of the Investment Banking and Asset Management business of FBN Holdings Plc. which comprises FBN Capital Limited, FBN Securities Limited, FBN Capital Asset Management Limited, FBN Trustees Limited, FBN Funds Limited and FBN Capital Partners Limited.

Through key business lines of Investment Banking, Markets, Trust/Agency Services, Asset Management and Alternative Investments, we provide services in Advising, Financing, Trading, Investing and Securing to ensure we support the diverse financial needs of our clients.
From securing wealth to financing business opportunities, we are constantly searching for what comes next so we can take our clients there first. We are a trusted and inspirational partner founded on innovation, a strong heritage and a pioneering spirit that drives us to help our clients look beyond today, and redefine tomorrow.