awesomeJ:
Sorry to digress a little. Did anyone attempt to transfer funds to zenith bank from another bank over the weekend? was it successful? I tried one from stanbic, I was debited by stanbic, but zenith didn't credit me, so I want to know if it's due to the network troubles zenith had recently. I've contacted the customer service of both banks. The stanbic guys are saying very confidently that they've pushed the funds to zenith, the zenith guys on the other hand are claiming that they could not have received the funds without crediting my account. please I need peeps here who are in the know to come to my aid as per what to do. Thanks.
P.S The transfer was done through quicktellar on an ATM. The money would have been enough for me to place a bid for tomorrow's auction.

olujaidi:


I understand your concerns but please refrain from alarmist rhetoric.

It's pretty obvious that the fall in the assets under management (what you referred to as fund size) fell because of the prevailing economic issues. Even the stock market with the exception of a few stocks performed woefully. The last GDP figures showed that real estate activities have also fallen. That's what happens when disposable income falls. People are finding it difficult to save not to mention invest.

Please note that MMFs have TBs, tenured deposits and commercial papers as their underlying assets which generate cash-flows. So the higher the rates on TBs, the higher the MMF yields and vice versa. The 16% you mentioned is as a result of the high yields on TBs. Also, TBs and tenured deposits are assets that can be turned into cash fairly quickly ie TB can be sold on the secondary market and fixed deposits can be liquidated within a few days. They do not need constant inflows as they are not Ponzi schemes.

slimtriggaman:
Please any update as to today's closing rates?

aumoria:
I am new here. Please guild me. I placed a request with gtb for today's bid at their rate. I also sent the acct officer mandate to part liquidate my fixed deposit to fund the purchase. Will there be time frame to provide fund to service purchase after the result of the bid. I am asking because the fd has not been liquidated.

slimtriggaman:
Please any update as to today's closing rates?

slimtriggaman:
na wa o

zamirikpo:




those that live near CBN HQ should stroll down and ask anyone inside the compund..... ....biko............

zamirikpo:




those that live near CBN HQ should stroll down and ask anyone inside the compund..... ....biko............

zamirikpo:




those that live near CBN HQ should stroll down and ask anyone inside the compund..... ....biko............

Agbaletu:

I just passed beside CBN HQ few hours ago.
lol

olujaidi:


They reportedly had issues over the weekend. Even ATMs were not left out

slimtriggaman:
Please any update as to today's closing rates?

feelamong:


Dear Feelamong

Please find below the Stop rates for the last Auction February 1 2017

91 days -----13.79%

182 days ----17.249%

364 days -----18.54%

Houstency:


Thanks Boss. With the dwindling TB rates for 364days(18.54) and inflation rate at 18.55, are we really making any profits?

And anyone with any other useful secured investment vehicle that offers higher than inflation rates?

40manlappy:
Thanks @feelamong and Winneygirl

You both posted at the same time 10:13am

unite4real:


At least inflation will not sink you. What other safer investment do you have out there that gives you way above inflation? NTB is the best safest investment during high inflation like this.

Lalaska:
Great stuff. I did 17% for 182 days so I should be fine

kwallet:
I was debited yesterday by FBN for TB but i'm yet to get any info from them. Does that mean I won the bid? Or how will some1 knows?

jeebz:
.

If you were debited yesterday, it means your request will be included in the next auction in a fortnight. Always, ensure that request comes on or before close of business on the Monday preceding the auction.