Keep the thread alive guys

https://www.premiumtimesng.com/news/top-news/249328-breaking-senate-approves-buharis-5-5-billion-foreign-loan-request.html





The Senate on Tuesday approved a $5.5 billion external loan request by President Muhammadu Buhari.
The president had in a letter on October 10 requested the Senate to approve $3 billion external loan and $2.5 billion Eurobond or Diaspora bond in the international market.
Mr. Buhari explained that the bonds would be channelled towards funding the 2017 budget while the loan would be used in refinancing maturing domestic debts.

T-Bills Market Slightly Bullish as CBN Sells N18.7b Bills
https://www.businesspost.ng/2017/11/14/t-bills-market-slightly-bullish-cbn-sells-n18-7b-bills/

how long does it take for primary market bid to be accepted and interest paid upfront? went to first bank last week Monday. as at then, no rates available, so I opted for primary market.

Pharmtj:
how long does it take for primary market bid to be accepted and interest paid upfront? went to first bank last week Monday. as at then, no rates available, so I opted for primary market.

So used to secondary now that I rarely remember primary market auction date..however, I'm not sure any auction held last week..if there was any (pls house confirm) You will have to check your account balance as FBN seldom give alert after dropping upfront. If there was no auction last week there most likely will be today and there'll be settlement tomorrow after..You should see your upfront tomorrow.

freeman67:


So used to secondary now that I rarely remember primary market auction date..however, I'm not sure any auction held last week..if there was any (pls house confirm) You will have to check your account balance as FBN seldom give alert after dropping upfront. If there was no auction last week there most likely will be today and there'll be settlement tomorrow after..You should see your upfront tomorrow.

please enlighten me more on this secondary market, thanks . can I still opt for secondary market. while my Primary market is still running?

Pharmtj:
please enlighten me more on this secondary market, thanks . can I still opt for secondary market. while my Primary market is still running?

Yes you can. Its not so different from what you did in the primary only that... The secondary market is daily instead of fortnightly... Tenure and rate depends on what is available.... And it is usually know before you invest... A lot has been written here on it already...you can try to read back for more insight..

freeman67:


Yes you can. Its not so different from what you did in the primary only that... The secondary market is daily instead of fortnightly... Tenure and rate depends on what is available.... And it is usually know before you invest... A lot has been written here on it already...you can try to read back for more insight..

thanks. Just check my account balance the whole money I invested in the primary market is still in my account

Just out of the bank
I got from first bank
16.2% , 178days.
secondary market.
#Better than the primary market rate. :-)

chukzyfcbb:
Just out of the bank
I got from first bank
16.2% , 178days.
secondary market.
#Better than the primary market rate. :-)

Cool

If the market closed yesterday,how long will it take for my interest to be paid?

results from todays Primary Market Auction from easykobo



link is here http://www.easykobo.com/News.aspx?id=19850

yinka2011:

results from todays Primary Market Auction from easykobo



link is here http://www.easykobo.com/News.aspx?id=19850

364-Day bill sha..

Pharmtj:
thanks. Just check my account balance the whole money I invested in the primary market is still in my account

Sorry just checking back now... I've been busy. You should av complained to the bank as soon you saw your balance. In FBN its usually deducted as soon as make your request... But you can still complain to them tomorrow if you check and its still there. If nothing happens you may likely be advised to go for secondary market.

freeman67:


Sorry just checking back now... I've been busy. You should av complained to the bank as soon you saw your balance. In FBN its usually deducted as soon as make your request... But you can still complain to them tomorrow if you check and its still there. If nothing happens you may likely be advised to go for secondary market.

am still learning this Tb stuff. went to fbn today, money has finally been deducted and I was told to wait for my interest. Hope this is normal for primary market ? I tick 91 days, roll over principal, amount invested 670k.

Pharmtj:
am still learning this Tb stuff. went to fbn today, money has finally been deducted and I was told to wait for my interest. Hope this is normal for primary market ? I tick 91 days, roll over principal, amount invested 670k.

Since you made your request on time and your account was deducted today.... Your interest should be dropped tomorrow.. Again try and check your account..they should drop it before the close of business day.

Gradually you will get to understand it more as continue to invest. Pls do find time to read this thread thoroughly to chech many useful details that have been discussed here already..

thanks

chukzyfcbb:
Just out of the bank
I got from first bank
16.2% , 178days.
secondary market.
#Better than the primary market rate. :-)

i was inspired by this...ran to first bank this morning and did 2 different tenors 16.25% for 175days and 14% for 63 days...not a bad deal I think

tobe4real:
i was inspired by this...ran to first bank this morning and did 2 different tenors 16.25% for 175days and 14% for 63 days...not a bad deal I think

Not bad

Overnight Rate Drops to 11.33% as CBN Sells N119.9b T-Bills
https://www.businesspost.ng/2017/11/16/overnight-rate-drops-11-33-cbn-sells-n119-9b-t-bills/

tobe4real:
i was inspired by this...ran to first bank this morning and did 2 different tenors 16.25% for 175days and 14% for 63 days...not a bad deal I think

Good thinking, great move!!!

chukzyfcbb:
Just out of the bank
I got from first bank
16.2% , 178days.
secondary market.
#Better than the primary market rate. :-)

wetin be the rate for the Primary market please?

Please nairaland help me i did tp last 3months and it was @13.000 for 91days today i saw my money created with three thousand something as my profit i then went to bank i was told dt the 13.000 is per annual, and within me i think something is wrong please ur advice is needed

EngrIKEM:
Please nairaland help me i did tp last 3months and it was @13.000 for 91days today i saw my money created with three thousand something as my profit i then went to bank i was told dt the 13.000 is per annual, and within me i think something is wrong please ur advice is needed

Nothing is wrong. You invested 100k at rate 13%.

Interest is (13/100)*100,000

13,000 p.a since its for 91days, you will divide 13,000 by 4. You will have a little less than 3,250 as your interest due to some charges

Anybody Debited pls update ..be like say 1 yr tbills get somehow yesterday

lancee:
Anybody Debited pls update ..be like say 1 yr tbills get somehow yesterday

1yr rate for yesterday auction was 15.6%. They will debit by COB today or latest tomorrow.

Hello guys, I recently just started developing interest in T-bills.
Please I have some questions to ask, and I know it must have been discussed here earlier but it's really not easy doing a back read.
1. What's the difference between primary/secondly markets, and which is better
2. Best bank to use and does the rate differ for different banks?
Have some money which has not been in use resting in my account, which I'll like to invest .

[color=#000000][/color] Hello everybody ....Am thanking everyone in this TB room for their contributions...Am so happy today because i got 364 days tb through fist bank and my account has been debited...I live here in France and i was a novice in tb before, but because of this trend i have done two successful tb now....Thanks to the Gurus in the house......Keep it up..

Good day all. Please who bought First bank Tbills this week? I want to have an idea of how much their rates are for 91 days.

T-Bills Market Trades Flat as CBN Raises N130.4b from OMO Auction
https://www.businesspost.ng/2017/11/16/t-bills-market-trades-flat-cbn-raises-n130-4b-omo-auction/

EngrIKEM:
Please nairaland help me i did tp last 3months and it was @13.000 for 91days today i saw my money created with three thousand something as my profit i then went to bank i was told dt the 13.000 is per annual, and within me i think something is wrong please ur advice is needed

NOTHING IS WRONG!!!
That's what happens when someone jumps into a river without knowing it's depth.

When we advise newbies to read previous threads and know what they want to go into, we get insulted and we are called names.

A lot of people like to be spoon fed instead of learning how to eat. So the resultant effect is what happened.

If 13% is for just 91days, then who will work again or who will be stupid to opt for 15.6% for 364days?