NL1960:




"However, the CBN received subscriptions worth N146.07 billion from the 364-day bill, but the bank sold N145.48 billion of the paper at 13.05 percent."

CC Gavrelino123

pls my 182 days t-bills at first bank matures 2moro .. pls wen will I be credited ??

CanadianEnginee:

CC Gavrelino123

This is good news,,,things are changing positively!!!! Let the rates keep soaring-north..

got my tenor matured today and my yesteday bid for 182days was successfully debited. Gtbank is like fastest for me in this tbills.
Well i submitted my application via emailing my account official and no need of roaming in the Bank like a lazy youth

janga:
got my tenor matured today and my yesteday bid for 182days was successfully debited. Gtbank is like fastest for me in this tbills.
Well i submitted my application via emailing my account official and no need of roaming in the Bank like a lazy youth

Bad guy...lol......Mine hasn't been debited..!!!
What is the interest rate..?

pls oooooooooo. how true is this?? I visted a branch of First bank yesterday for T.b and d lady in charge told me that d minimum amount they accept for T. b is 1m? how true? cos I wanted to invest only 550k but I couldn't proceed.

Gavrelino123:

Sure,it's like TB rates are increasing gradually..
I'm planning to sell my property.......My tenants are really very frustrating me.......You mut put pressure on them before any payment is made.....They pay in bit and pieces.....!!!
Property that is worth about 20 million and i can't even generate up to 2m annual........

U get am ..Those people are something else , one excuse or the other will come from dem shaa

[quote author=Moses247 post=70752043]pls oooooooooo. how true is this?? I visted a branch of First bank yesterday for T.b and d lady in charge told me that d minimum amount they accept for T. b is 1m? how true? cos I wanted to invest only 550k but I couldn't proceed.[/



It's a lie , i was told u can start from 100k ..u can as well subscribe for secondary market

CanadianEnginee:


CC Gavrelino123

happy days near 15 percent

janga:


yes they never at all unlike my cousin who borrow from me 2mill when i was 21yrs and to get the money bck resulted to fight before he started paying. but at moment we are already a Man

E don tey wey you be big bros o. 2m at 21 years!

Me self, at 21, I still dey play for street with singlet and boxers

Investors Anticipate Huge Rise in Treasury Bills Rates Before Year End
https://www.businesspost.ng/2018/08/30/investors-anticipate-huge-rise-in-treasury-bills-rates-before-year-end/

Could it be that GTBank lost 364-day bidding this week? No debit alerts yet.

GetPosted:
Could it be that GTBank lost 364-day bidding this week? No debit alerts yet.

I'm still waiting......no debits too.....what could the problem be ....?
Do you have any idea.?

I did the 364-day TB and my interest was credited today but when I calculated the interest based on the alert I received I was disappointed that it was approximately 11%. I was expecting something higher for a 364-day TB.

vexing:
I did the 364-day TB and my interest was credited today but when I calculated the interest based on the alert I received I was disappointed that it was approximately 11%. I was expecting something higher for a 364-day TB.

maybe u put down d amount u invested, n d interest u got so we help u calculate ..
maybe u made mistake wit calculation

vexing:
I did the 364-day TB and my interest was credited today but when I calculated the interest based on the alert I received I was disappointed that it was approximately 11%. I was expecting something higher for a 364-day TB.

Well, your bank must have set their bid for 11%. No one knew that rates will be that high

vexing:
I did the 364-day TB and my interest was credited today but when I calculated the interest based on the alert I received I was disappointed that it was approximately 11%. I was expecting something higher for a 364-day TB.

Is it GTBANK...?

Ikmontana1:
maybe u put down d amount u invested, n d interest u got so we help u calculate ..
maybe u made mistake wit calculation

Principal = 1.2 million
Interest = 131,896.75

Gavrelino123:

Is it GTBANK...?

Firstbank

vexing:

Principal = 1.2 million
Interest = 131,896.75

u r correct, na 11percent ooh. see shortage, I hope the rates continue to rise .

vexing:
Principal = 1.2 million Interest = 131,896.75

hmm.. yh its nt even up to 11% ..maybe 10.99% ..

interest rate?

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janga:


yes they never at all unlike my cousin who borrow from me 2mill when i was 21yrs and to get the money bck resulted to fight before he started paying. but at moment we are already a Man

Ifelove1:
Well, your bank must have set their bid for 11%. No one knew that rates will be that high

I thought the primary rates are supposed to be same everywhere.

After debit, is there a Tbills certificate that follows the transaction?

T-Bills Yields Spike by 1% as CBN Releases No-Sale OMO Result
https://www.businesspost.ng/2018/08/31/t-bills-yields-spike-by-1-as-cbn-releases-no-sale-omo-result/

GetPosted:
Could it be that GTBank lost 364-day bidding this week? No debit alerts yet.

Any updates...?
Could it be that our bid failed or these account officers have started this thier funny games again..?
Any updates on secondary market rates with GTBANK...?

Gavrelino123:

Any updates...?
Could it be that our bid failed or these account officers have started this thier funny games again..?
Any updates on secondary market rates with GTBANK...?

Only your account officer would have a genuine idea of secondary rates for your bank. Try giving him/her a chat. I got tired of failed bids, im now a fan of secondary market

zinaunreal:


Only your account officer would have a genuine idea of secondary rates for your bank. Try giving him/her a chat. I got tired of failed bids, im now a fan of secondary market

If GTbank 364 failed, are they likely to have a more than 300+ days secondary market deal next week?.

NL1960:


If GTbank 364 failed, are they likely to have a more than 300+ days secondary market deal next week?.

Anything can be on the secondary market . Your account officer would tell you which one is available if number of days you demanded for is not on the market

zinaunreal:


Only your account officer would have a genuine idea of secondary rates for your bank. Try giving him/her a chat. I got tired of failed bids, im now a fan of secondary market

Thanks,i already did that,she told me she has only 195 days @ 11% available for secondary Markets.....I reciprocated that she swings into action with immediate effect....!!!
I would have preferred a day closest to 364 days....
Well,i just hope to be debited today by God's grace..!!
I'm tired of all these failed bid..!!!!!!!!!

I have to be intelligent here,
I will be the one loosing "Each day i delay",because the actual interest is calculated on a daily basis in the Accounting World juxtaposed with reality...!!

Gavrelino123:

Thanks,i already did that,she told me she has only 195 days @ 11% available for secondary Markets.....I reciprocated that she swings into action with immediate effect....!!!
I would have preferred a day closest to 364 days....
Well,i just hope to be debited today by God's grace..!!
I'm tired of all these failed bid..!!!!!!!!!

I have to be intelligent here,
I will be the one loosing "Each day i delay",because the actual interest is calculated on a daily basis in the Accounting World juxtaposed with reality...!!

This was why i asked if it is possible for Gtbank to have 300+ days next week if they loose this week 364 days. My thinking is that banks sell from their pool and if there was a failure of 364 days, will that not mean that they do not have any in their 364 days pool?.