Gavrelino123:

No disputes,you are right in this concept..
In the Accounting World,once your savings gets to a reasonable sum,one is advised to invest,also one can also diverse investment in variant forms as you have highlighted above.
In a brief summary of what i highlighted in previous before you quoted me......Everyone has their aim of locking their funds down.

sure thank God we opted for secondary markets 364 was over subscribed by 300 percent

ahiboilandgas:
sure thank God we opted for secondary markets 364 was over subscribed by 300 percent

Yesoo...That would have been a legit excuse from them... just to ensure that our funds remain with them for a while....

Today's auction was the last for Q2 2018. For the first time in the entire quarter, we witnessed a rise in stop rates.
I am optimistic about the coming quarter.
I expect further rises at the June 13th auction.
By the way, thank you Yinka2011 for the quick up date. God bless you.

awesomeJ:
Today's auction was the last for Q2 2018. For the first time in the entire quarter, we witnessed a rise in stop rates.
I am optimistic about the coming quarter.
I expect further rises at the June 13th auction.
By the way, thank you Yinka2011 for the quick up date. God bless you.

April-May-June are part of second quarter.

Please what do you guys think about this new I-Invest app?

ahiboilandgas:
a saving account can give 4.5 percent that like 1.500 monthly no need for treasury bills ....dont save ...save to invest

Bro there is no savings account in Nigeria that will give you 4.5% every month, if there is people will not be buying treasury bills.

You are saying if i put 1 million in the savings account i will be getting 45k monthly,

ImperialCovfefe:


April-May-June are part of second quarter.

How long have you been viewing T-bills calendar?

There are things you don't have to tell an adult. I've known the meaning of quarters since basic school, don't you think?

WhyNa:
Please what do you guys think about this new I-Invest app?

Who authorized it..?

uuspace:


Bro there is no savings account in Nigeria that will give you 4.5% every month, if there is people will not be buying treasury bills.

You are saying if i put 1 million in the savings account i will be getting 45k monthly,

The rate 4.5% is calculated annually not monthly. That should be about #3750 every month.

uuspace:


Bro there is no savings account in Nigeria that will give you 4.5% every month, if there is people will not be buying treasury bills.

You are saying if i put 1 million in the savings account i will be getting 45k monthly,

Kindly visit the nearest first tier banks for satisfactory clarifications.
GTBANK savings interest rate is 3.5%.
Fixed deposit below 1M is 4.5%.
Fixed deposit from 1M and above is 5.5%.....
If you like fix 100m...,it's still 5.5%

awesomeJ:

How long have you been viewing T-bills calendar?

There are things you don't have to tell an adult. I've known the meaning of quarters since basic school, don't you think?

Alright.

T-Bills Market Trades Bullish as Overnight Rate Drops to 2.50%
https://www.businesspost.ng/2018/05/31/t-bills-market-trades-bullish-as-overnight-rate-drops-to-2-50/

ImperialCovfefe:


April-May-June are part of second quarter.

TB calendar is not the same thing as January - December calendar. TB first month is not January. A company that operates the April-March accounting cycle for example will not have April-May-June as second quarter.

Gavrelino123:

Who authorized it..?

According to the radio jingles, it's powered by Sterling Bank

uuspace:


Bro there is no savings account in Nigeria that will give you 4.5% every month, if there is people will not be buying treasury bills.

You are saying if i put 1 million in the savings account i will be getting 45k monthly,

oga interest rate are per year their noting like monthly interest rate u /12

Gavrelino123:

Kindly visit the nearest first tier banks for satisfactory clarifications.
GTBANK savings interest rate is 3.5%.
Fixed deposit below 1M is 4.5%.
Fixed deposit from 1M and above is 5.5%.....
If you like fix 100m...,it's still 5.5%

Bro i am not here to argue with you. The rates you are quoting are they per month or annualised?

Treasury bills is still approximately 10% annualized, and it is better than the rates you get from savings account.

Why will people go for treasury bills, if the savings account rate is better?

uuspace:


Bro i am not here to argue with you. The rates you are quoting are they per month or annualised?

Treasury bills is still approximately 10% annualized, and it is better than the rates you get from savings account.

Why will people go for treasury bills, if the savings account rate is better?

The rates i quoted in previous are annually.
No professional will ever tell you it's per annum except on-request or empirically documented ...Kindly indicate if you are a newbie.
3.5% per annum savings vs 10.5% per annum treasury bills...!!!
Treasury Bills is king.

have alerts dropped in for does who have tbills maturing today?

punae:
have alerts dropped in for does who have tbills maturing today?

Alerts will start dropoing by COB today.

MacShiff:


Alerts will start dropoing by COB today.

Just came back to meet 3 alerts for 3 different transactions since 10am, FBN. But as usual, they didn't send me mail yesterday and I wasnt aware of the 3rd one till I got Alert. Thanks to them sha. Will crosscheck whenever am in town to verify existing ones because I only know of the one of June 14th for now. Too bad I don't keep diary as planned and not always in town to get confirmation.

punae:
have alerts dropped in for does who have tbills maturing today?

Mine has dropped....stanbic ibtc

punae:
have alerts dropped in for does who have tbills maturing today?

are you guy ticking pay on maturity on TBILL, GTBank debited me discounted rate and drop the interest for 91days bid for primary market so my money don lock i ll bid another in FBN tomorrow for sec market bcz i cant wait till 13th june for next primary markrt auction

Today’s OMO auction result via @Zedcrest Capital

Gavrelino123:

Kindly visit the nearest first tier banks for satisfactory clarifications.
GTBANK savings interest rate is 3.5%.
Fixed deposit below 1M is 4.5%.
Fixed deposit from 1M and above is 5.5%.....
If you like fix 100m...,it's still 5.5%

A haulage company is requesting for individual, group or cooperative that wish to invest minimum of N10m offering 24% interest annually, repayment is monthly.

Fund security is available for any individual or group.

CBN Mops up Excess Liquidity Inflows with N561b OMO Sales
https://www.businesspost.ng/2018/06/01/cbn-mops-up-excess-liquidity-inflows-with-n561b-omo-sales/

punae:
have alerts dropped in for does who have tbills maturing today?

Yeah. FBN

does First Bank pay instant after debiting TBILL or after maturity?

Long educative thread

janga:
does First Bank pay instant after debiting TBILL or after maturity?

Interests are paid upfront, be it with first bank or any other bank

megafaraday:


Interests are paid upfront, be it with first bank or any other bank

In an emergency situation, Is it possible to recall or cancel ones TB b4 it matures. kindly help with illustration and the penalties attached to it. thanks.

pls bosses in the haus..
wen is the next auction for t-bills .??

slimany:


In an emergency situation, Is it possible to recall or cancel ones TB b4 it matures. kindly help with illustration and the penalties attached to it. thanks.

Yeah, you can terminate your TB before maturity date, but you won't get up to the capital you deposited. There's a way they calculate the stuff. This was what I was told when I went to first Bank