GODAKPAN:
Got my matured capital today by 8am. Thanks FBN

Any idea of FBN or Zenith secondary rates today. Need to reinvest ASAP Thanks

Hi, did they credit you the same day the tbills matured or the next day?
I want to know because my tb will mature next week in fbn too.
Thanks.

Oma255:


Hi, did they credit you the same day the tbills matured or the next day?
I want to know because my tb will mature next week in fbn too.
Thanks.

Day of maturity

Oma255:


Hi, did they credit you the same day the tbills matured or the next day?
I want to know because my tb will mature next week in fbn too.
Thanks.

Don't worry, na the alert go wake u up

eromosele1986:


Thx for the response, since 91 days is 10.2% and 364 days is 11.5% is it not better to do 91 days then renew it after its expires.

Lol, hope u know your interest is 91/360 basis unlike 360/360

GODAKPAN:


Day of maturity

Ok thanks.

Is stanbic minimum 100,000, or 500,000?

Guyz am not understanding stanbic again ooh. 364days interest rate was at 11.50% and from my calculations I got about 10.97% where the hell did a whole 0.53% go to.

I am not understanding ooh....

zamirikpo:
Guyz am not understanding stanbic again ooh. 364days interest rate was at 11.50% and from my calculations I got about 10.97% where the hell did a whole 0.53% go to.

I am not understanding ooh....

they short bided thinking rate might drop futher but cbn dribble them

pls explain tbills transaction I did tbills of 400k I was debited
TREASURY BILLS INVESTMENT Amount : #390,027.40 Charges : #100 AUCT-CUST REL FEES: # 399.73 balance: #9,479

zamirikpo:
Guyz am not understanding stanbic again ooh. 364days interest rate was at 11.50% and from my calculations I got about 10.97% where the hell did a whole 0.53% go to.

I am not understanding ooh....

Collect the certificate/proof of investment you would see their real rate.. It may not be the same with CBN rate... Even if it is, charges may affect your calculation.. Its on the proof that you can get the exact explanation.

yanjutomi:
pls explain tbills transaction
I did tbills of 400k I was debited

TREASURY BILLS INVESTMENT Amount : #390,027.40
Charges : #100
AUCT-CUST REL FEES: # 399.73
balance: #9,479

What tenure & rate?

Nnamz:
Is stanbic minimum 100,000, or 500,000?

It should be 100k

freeman67:


What tenure & rate?

91 days @ 10.2%

Oma255:


Hi, did they credit you the same day the tbills matured or the next day?
I want to know because my tb will mature next week in fbn too.
Thanks.

On Thursday that week it is maturing you can start checking from 10:00 am down ward. Do not for alert ooo because most time FBN credits TB proceed without alert.

ahiboilandgas:
they short bided thinking rate might drop futher but cbn dribble them

in the spirit of the world cup abi.....

yanjutomi:

91 days @ 10.2%

It's fair sha but if that is the whole charges as stated in your contract. It is still suppose to remain like 220 to complete.

400,000 ÷ 100 = 4,000 x 10.2 = 40800 ÷ 364 = 112.08791 x 91 = 10200.

10,200 - 399.73 = 9800.27 - 100 = 9700.27

With the information I gathered from your post that what should be your balance...

Please when is the next TB sales considering the last one was on 13th June, 2018. Your response will be highly appreciated. Furthermore I do not really have a full grasp of how the primary and secondary market works, I just have a fiant idea. I will appreciate if anyone can still further educate me

freeman67:

It's fair sha but if that is the whole charges as stated in your contract. It is still suppose to remain like 220 to complete.

400,000 ÷ 100 = 4,000 x 10.2 = 40800 ÷ 364 = 112.08791 x 91 = 10200.

10,200 - 399.73 = 9800.27 - 100 = 9700.27

With the information I gathered from your post that what should be your balance...

thanks for ur explanations and tutulage. the information given is my balance after deductin

yanjutomi:

thanks for ur explanations and tutulage. the information given is my balance after deductin

Understanding are welcome...! Then you should get your proof of investment for complete info.

Hello everyone.
Please quick question.
Do I need to have an account with say stanbic for example to purchase TB from them?

Thanks.

naijaobi:
Hello everyone.
Please quick question.
Do I need to have an account with say stanbic for example to purchase TB from them?

Thanks.

Yes.

freeman67:


Understanding are welcome...! Then you should get your proof of investment for complete info.

Will go on tuesday

yanjutomi:

thanks for ur explanations and tutulage. the information given is my balance after deductin

The 10.2 you quoted is only the stop rate.
From the info you gave, your bank invested your funds at c.10%

freeman67:


Understanding are welcome...! Then you should get your proof of investment for complete info.

The 10.2 he quoted is just the stop rate.

jayeomoba:
Please when is the next TB sales considering the last one was on 13th June, 2018. Your response will be highly appreciated. Furthermore I do not really have a full grasp of how the primary and secondary market works, I just have a fiant idea. I will appreciate if anyone can still further educate me

Next Wednesday June 20th. You'd have to be at your bank ASAP on Tuesday.

awesomeJ:
The 10.2 you quoted is only the stop rate. From the info you gave, your bank invested your funds at c.10%

lo thanks

awesomeJ:

The 10.2 he quoted is just the stop rate.

OK.. I didn't even see the result of last auction sef. Just followed the rate he quoted. I am sure he will get the exact rate once he gets his proof on Tuesday.

Hi guys, pls am new here and am intersted in this TB. Pls if am to invest 1m for 30 days, how much will be my returns.
Which bank is the best bank to use.
Thanks

kejykejy:
Hi guys, pls am new here and am intersted in this TB. Pls if am to invest 1m for 30 days, how much will be my returns.
Which bank is the best bank to use.
Thanks

9k or less.

freeman67:


On Thursday that week it is maturing you can start checking from 10:00 am down ward. Do not for alert ooo because most time FBN credits TB proceed without alert.

Ok noted.
Thanks.

freeman67:


On Thursday that week it is maturing you can start checking from 10:00 am down ward. Do not for alert ooo because most time FBN credits TB proceed without alert.

Ok noted.
Thanks.

awesomeJ:

Next Wednesday June 20th. You'd have to be at your bank ASAP on Tuesday.

Many thanks! You r truly awesome. Any info about my second question on how primary n secondary markets works. Some one please help