zamirikpo:
Are u people saying TB rates will nose dive below inflation Figures...?

Has it happened before. Idontbelieveit.

It is possible, mind you inflation is also falling..

lilee2hot:
364 days for stanbic was successful and accounts were debited on thursday night. If your account has not been debited by this time then it is either the person that logged it doesn't know how to log or forgot to log it. How unfortunate. Pele.

So sad right now. I felt betrayed. The contact in question is a close friend. Should have invested the money since last month and even got a better rate. This guy begged me, Had to put the cash in fix deposit for his sake cos he needed it to safe his ass, with an agreement that it will be terminated by first week of October to meet Up with Wednesday tb bidding. Sad part is, he's the one in charge of tb so I think it's a deliberate mistake. My confusion is that the fix deposit has been terminated and the money already in my savings account, so I don't know why he would do that. In fact I got so worried, had to call him this weekend and he said I'm not the only one, that many people have not been debited. Thank God I ask here, I mostly don't ask questions here cos I felt I had an edge with an insider.
All is well. I will walk into bank on Monday and grab any secondary market offer on ground. Thanks guys

zamirikpo:
Are u people saying TB rates will nose dive below inflation Figures...?

Has it happened before. Idontbelieveit.

Possible we have seen 9% before

ade101:


So sad right now. I felt betrayed. The contact in question is a close friend. Should have invested the money since last month and even got a better rate. This guy begged me, Had to put the cash in fix deposit for his sake cos he needed it to safe his ass, with an agreement that it will be terminated by first week of October to meet Up with Wednesday tb bidding. Sad part is, he's the one in charge of tb so I think it's a deliberate mistake. My confusion is that the fix deposit has been terminated and the money already in my savings account, so I don't know why he would do that. In fact I got so worried, had to call him this weekend and he said I'm not the only one, that many people have not been debited. Thank God I ask here, I mostly don't ask questions here cos I felt I had an edge with an insider.
All is well. I will walk into bank on Monday and grab any secondary market offer on ground. Thanks guys

Use another branch for the secondary market

NIBOR Rises as CBN Sells N130.4b Treasury Bills
https://www.businesspost.ng/2017/10/08/nibor-rises-as-cbn-sells-n130-4b-treasury-bills/

dipoolowoo:
NIBOR Rises as CBN Sells N130.4b Treasury Bills
https://www.businesspost.ng/2017/10/08/nibor-rises-as-cbn-sells-n130-4b-treasury-bills/

Pardon my ignorance ,what is nibor and nitty.

zamirikpo:


Pardon my ignorance ,what is nibor and nitty.

According to Google
The Nigerian Inter-bank Offered Rate (NIBOR) represents the short-term lending rates of selected banks in the Nigerian inter-bank market, quoted as annualised rates.

emmanuelewumi:


Between midnight and noon. First bank pays before 9am

quote author=zamirikpo post=61130633]

����
U people will not come and go and kill me in this nairaland.

Alert will come just chill. The time I can't say but definitely that same day.[/quote]

Thanks everyone... i don see alert. Trasury bill rocks.

Amebo123:

Possible we have seen 9% before

The 9% was for 364 days, shorter tenors had lower interest rates.

It appears a lot of us on this thread started investigating in Treasury Bills less than 2 years ago.

Those who have been investing in Treasury Bills for a minimum of 10 years will attest to the need for one to be approximately diversified across various asset classes.

emmanuelewumi:


The 9% was for 364 days, shorter tenors had lower interest rates.

It appears a lot of us on this thread started investigating in Treasury Bills less than 2 years ago.

Those who have been investing in Treasury Bills for a minimum of 10 years will attest to the need for one to be approximately diversified across various asset classes.

Sir,
With regards to assets diversification, can you give a possible list of the outlets to purchase Bonds and how do go about it? or do we approach like Treasury bills?

elpiro:

Sir,
With regards to assets diversification, can you give a possible list of the outlets to purchase Bonds and how do go about it? or do we approach like Treasury bills?

A broker or the investment section in your bank can help you.

emmanuelewumi:


The 9% was for 364 days, shorter tenors had lower interest rates.

It appears a lot of us on this thread started investigating in Treasury Bills less than 2 years ago.

Those who have been investing in Treasury Bills for a minimum of 10 years will attest to the need for one to be approximately diversified across various asset classes.

they shouted me down when i suggested diversification the cbn dont like high interest rate it crowd out the private sector liquidity ...who will run a company with nepa problems when 22 percent is there in tb ...all rich men just put there money there are close up....i bought 91 days for 5.6 percent

Alikote:
they shouted me down when i suggested diversification the cbn dont like high interest rate it crowd out the private sector liquidity ...who will run a company with nepa problems when 22 percent is there in tb ...all rich men just put there money there are close up....i bought 91 days for 5.6 percent

High interest rate is very bad to the economy, but we Treasury Bills investors are selfish. The higher the interest rate the better for us even though it may lead to businesses folding up , inflation going up and unemployment on the increase.

Please when is the next bidding

emmanuelewumi:


High interest rate is very bad to the economy, but we Treasury Bills investors are selfish. The higher the interest rate the better for us even though it may lead to businesses folding up , inflation going up and unemployment on the increase.

Can treasury bill high rate affect development like that when bank lending rate is more than 2x tb.

Rizin:


Can treasury bill high rate affect development like that when bank lending rate is more than 2x tb.

Bank lending rate is directly proportional to Treasury Bills interest.

ade101:


So sad right now. I felt betrayed. The contact in question is a close friend. Should have invested the money since last month and even got a better rate. This guy begged me, Had to put the cash in fix deposit for his sake cos he needed it to safe his ass, with an agreement that it will be terminated by first week of October to meet Up with Wednesday tb bidding. Sad part is, he's the one in charge of tb so I think it's a deliberate mistake. My confusion is that the fix deposit has been terminated and the money already in my savings account, so I don't know why he would do that. In fact I got so worried, had to call him this weekend and he said I'm not the only one, that many people have not been debited. Thank God I ask here, I mostly don't ask questions here cos I felt I had an edge with an insider.
All is well. I will walk into bank on Monday and grab any secondary market offer on ground. Thanks guys

You already made a mistake thinking your money will save him from being sacked. Every month comes with a fresh target and Tbills in Stanbic in handled by the Enquiry staff. The Enquiry staff is not under much pressure to bring in Liability (cash) like the Marketers/Relationship managers as that is their KRA. That is how one banker in Sterling was begging me to do fix deposit as against Tbills. In his words 'Do it for me'... Mtcheww I didn't even bother to reply him... My body language spoke volumes.

Any idea if First bank takes COT from savings account?

Just left first bank now. Had to go very early because people are not smiling anymore

Although I wanted anything above 300 days but I got 269 @ 17% and grabbed it immediately.

Got debited and now waiting for my interest

anitank:
Just left first bank now. Had to go very early because people are not smiling anymore

Although I wanted anything above 300 days but I got 269 @ 17% and grabbed it immediately.

Got debited and now waiting for my interest

Thanks for heeding our advice. Good move
.

anitank:
Just left first bank now. Had to go very early because people are not smiling anymore

Although I wanted anything above 300 days but I got 269 @ 17% and grabbed it immediately.

Got debited and now waiting for my interest

Very smart unlike some people that will leave it and come here to ask if it is okay knowing fully well that rates are going down and the juicy secondary market is shrinking.

Investnow2017:


Thanks for heeding our advice. Good move
.

That I'm very knowledgeable about TB today is because of you and a few others here, so thank you!

NL1960:


Very smart unlike some people that will leave it and come here to ask if it is okay knowing fully well that rates are going down and the juicy secondary market is shrinking.

Leave it and come back ke? My hand was even shaking as I was filling the form hurriedly, cos I knew it would be gone if I wasted any extra minute

anitank:

Leave it and come back ke? My hand was even shaking as I was filling the form hurriedly, cos I knew it would be gone if I wasted any extra minute

lol
More money in your account.

$383m Settles as 15th OTC FX Futures Contract Matures on FMDQ
https://www.businesspost.ng/2017/10/09/383m-settles-15th-otc-fx-futures-contract-matures-fmdq/

GCR Affirms Stanbic IBTC AA-(NG) National Scale Rating
https://www.businesspost.ng/2017/10/09/gcr-affirms-stanbic-ibtc-aa-ng-national-scale-rating/

Hi guys,I av zero knowledge in TB nd wud love to invest,pls hw do I go abt it

ahmg001:
Hi guys,I av zero knowledge in TB nd wud love to invest,pls hw do I go abt it

Read this thread from page 1.

anitank:
Just left first bank now. Had to go very early because people are not smiling anymore

Although I wanted anything above 300 days but I got 269 @ 17% and grabbed it immediately.

Got debited and now waiting for my interest

That rate has automatically disappeared in first bank system as at this moment.
Your just lucky.
I got 192@15.4%. I can't keep waiting for better rate which I don't know when it will eventually come

last weeks auction was oversubscribed.see here

http://www.easykobo.com/News.aspx?id=19807

yinka2011:
last weeks auction was oversubscribed.see here

http://www.easykobo.com/News.aspx?id=19807

What is/are the implications of that?

Nowayo4Real:



What is/are the implications of that?

Expect further droooop in rates.

anitank:
Just left first bank now. Had to go very early because people are not smiling anymore

Although I wanted anything above 300 days but I got 269 @ 17% and grabbed it immediately.

Got debited and now waiting for my interest

I got the same from first bank this morning but have not being debited... Please were you debited immediately?


Please guys is this normal?