donshady:


First bank says tbills for secondary market is not loading

oops! Hope it later worked?

tuesday and wed i was there, they had network problem...

i cant wait to leave that bank!

its Tbills that took me there (since people said their monday secondary mkt rates were better than stanbic ibtc).

well, i have tested them and they are poo!

RealityShot:
oops! Hope it later worked?

tuesday and wed i was there, they had network problem...

i cant wait to leave that bank!

its Tbills that took me there (since people said their monday secondary mkt rates were better than stanbic ibtc).

well, i have tested them and they are poo!

It didn't work oo.

fbn rate is too low ... am planning vro port to UBA or Ibtc...

donshady:


It didn't work oo.

tor... sorry O.. try again tomorrow, if you can.
every spirit that wants us to waste our money this holidays...!

feelamong:
Where Can I Purchase T-bills?
You may purchase SGS at primary auctions (held through Primary Dealers bi-monthly) or in the secondary market (through daily sales between PDs in the money market).

Can I Sell My SGS Before Maturity?
You can sell over the counter with any Primary Dealer. Prices may change from day to day according to market conditions, and it is important to note that you may not be able to sell for the same price that you paid for them.

How Do I Calculate The Returns On Investment?
Treasury bills are issued at a discount. Therefore, the yield that you get upon the maturity of the bill is the difference between the purchase price and the maturity price. For example, if you pay N95 (discount rate being 5%) for a Treasury bill with a face value of N100 at an auction for a 1-year Treasury bill, your yield to maturity, or amount earned if you hold the bond for one year, is (S$100-S$95) / 95 x 100 = 5.26%.

Sir Is it possible to invest 10000?

RealityShot:
tor...
sorry O..
try again tomorrow, if you can.

every spirit that wants us to waste our money this holidays...!

I will go there tomorrow again. It's really frustrating.

mehn rate might climb high a little bit since CBN is not selling NTB

..

sempe123:

No,secondary market is always on.What they had was a branch issue which has been resolved.I got 14.75 for 358 days yesterday.

... Pls are u sure? 14.75%?

I need to visit the closet branch first thing tomorrow.

donshady:


One of my bills matured today and I haven't received alert

i got my alert at 9am today at union bank for t bills maturity today

Thought I was alone in the matured TB not credited to my account today till I visited this thread.
Let's hope it's a network issue, If by 2moro afternoon it hasn't been credited, then I will pay FBN a visit.

Pls always specify ur bank

cutiereborn:
Thought I was alone in the matured TB not credited to my account today till I visited this thread.
Let's hope it's a network issue, If by 2moro afternoon it hasn't been credited, then I will pay FBN a visit.

Check your balance

PraiseDLord:
Let's compare rates and see which Bank has the highest T.bills rate.
Quote your bank tenor and corresponding rate below

A close family member got 14% from Zenith bank today for 364 day tenor. I am still baffled by the tenor as it looks like a primary market deal. Maybe CBN sold TB that was longer than 364 day tenor to Zenith and the bank offloaded at the secondary market to their customers

T-Bills Yield Slightly Rises by 0.01% as CBN Mops up N296b
https://businesspost.ng/2018/12/14/t-bills-yield-slightly-rises-by-0-01-as-cbn-mops-up-n296b/

Maturity Tenor Rate
28-Feb-19 77 12.00%
12-Sep-19 273 13.50%
5-Dec-19 357 14.00% UNION BANK TODAY

Adegokenath:
Maturity Tenor Rate
28-Feb-19 77 12.00%
12-Sep-19 273 13.50%
5-Dec-19 357 14.00% UNION BANK TODAY

Very sweet rates.

donshady:

Check your balance

Thanks, I checked this morning and it has been credited

donshady:


I will go there tomorrow again. It's really frustrating.

Well, like you warned me, i checked my account this morning and saw my cash still sitting there!

i rushed to the bank and the officer wasn't on sit @9:30, another worker said there was no network.

Well, i will move my cash back to MMF till Jan when i shall move totally to stanbic Ibtc.

First Bank, thank you very much for showing me, i was right to never open account with you guys.

zamirikpo, please has your subscription been completed? Thanks

RealityShot:
Well, like you warned me, i checked my account this morning and saw my cash still sitting there!

i rushed to the bank and the officer wasn't on sit @9:30, another worker said there was no network.

Well, i will move my cash back to MMF till Jan when i shall move totally to stanbic Ibtc.

First Bank, thank you very much for showing me, i was right to never open account with you guys.

zamirikpo, please has your subscription been completed? Thanks

don't react to institutions like you would a person lol

had similar experience. went to ibtc they told me ntb is closed for this year. I said no not primary but secondary. He insisted that he checked and both were off till next year. In my area just 1 ibtc branch close by so I sharperly transferred to fbn. The officer who was handling my ntb in fbn upon seeing my balance involuntarily reacted saying "is it a transfer? " I was like what? He said nothing. All he said afterwards was "yea it's done". till the following day, no debit. lol... I just chilled... went to another branch and finally got it done.

so it's not a question of leaving fbn to ibtc. have both in case

RealityShot:
Well, like you warned me, i checked my account this morning and saw my cash still sitting there!

i rushed to the bank and the officer wasn't on sit @9:30, another worker said there was no network.

Well, i will move my cash back to MMF till Jan when i shall move totally to stanbic Ibtc.

First Bank, thank you very much for showing me, i was right to never open account with you guys.

zamirikpo, please has your subscription been completed? Thanks

My dear like C4LTD said, it's not about the institution, it's the incompetence of some of there staff. Whenever I get to stanbic I pray to meet a particular lady who understands TB very well , when ever I get there and she is not on sit I just know that wahala go dey...

Secondary market is sharp sharp. I got to the bank on Wednesday by 11pm , filled the forms and by 3pm I was debited same Day, If u fill the form ensure that they post it sharp sharp, if not the offer expires by 12pm, then stories begin to fly. Mind U, the bankers hate TB investors, we are bad market. They can decide to do anything to keep your money in savings or FD.

RealityShot:
Well, like you warned me, i checked my account this morning and saw my cash still sitting there!

i rushed to the bank and the officer wasn't on sit @9:30, another worker said there was no network.

Well, i will move my cash back to MMF till Jan when i shall move totally to stanbic Ibtc.

First Bank, thank you very much for showing me, i was right to never open account with you guys.

zamirikpo, please has your subscription been completed? Thanks

They really bleeped up and even till now no network. I have been so busy and unable to open stanbic account. I leave them till Monday. I'll move to stanbic Finally

C4Ltd:

don't react to institutions like you would a person lol

had similar experience. went to ibtc they told me ntb is closed for this year. I said no not primary but secondary. He insisted that he checked and both were off till next year. In my area just 1 ibtc branch close by so I sharperly transferred to fbn. The officer who was handling my ntb in fbn upon seeing my balance involuntarily reacted saying "is it a transfer? " I was like what? He said nothing. All he said afterwards was "yea it's done". till the following day, no debit. lol... I just chilled... went to another branch and finally got it done. I'll exercise more patience.

so it's not a question of leaving fbn to ibtc. have both in case

So even if I move to stanbic, it's likely they act the same. Wahala dey ooo.

zamirikpo:


My dear like C4LTD said, it's not about the institution, it's the incompetence of some of there staff. Whenever I get to stanbic I pray to meet a particular lady who understands TB very well , when ever I get there and she is not on sit I just know that wahala go dey...

Secondary market is sharp sharp. I got to the bank on Wednesday by 11pm , filled the forms and by 3pm I was debited same Day, If u fill the form ensure that they post it sharp sharp, if not the offer expires by 12pm, then stories begin to fly. Mind U, the bankers hate TB investors, we are bad market. They can decide to do anything to keep your money in savings or FD.

thank you..
am so unhappy right now.. I asked them to do it in my presence, but they asked me to go in peace.

now i just got a message that i can't move more than 20k from my account!

am going there later today to scream a bit...

C4Ltd: so many bottlenecks in this country O! I weak!...

RealityShot:
thank you..
am so unhappy right now.. I asked them to do it in my presence, but they asked me to go in peace.

now i just got a message that i can't move more than 20k from my account!

am going there later today to scream a bit...

C4Ltd: so many bottlenecks in this country O! I weak!...

What type of account is that or were you the one that imposed such a condition?. My boss in the office has a condition on his account that disallow a transfer of any amount above 100k from any transfer source. Even online purchases.

dipoolowoo:
T-Bills Yield Slightly Rises by 0.01% as CBN Mops up N296b
https://businesspost.ng/2018/12/14/t-bills-yield-slightly-rises-by-0-01-as-cbn-mops-up-n296b/

close family member got 14% from Zenith bank today for 364 day tenor. I am still baffled by the tenor as it looks like a primary market deal. Maybe CBN sold TB that was longer than 364 day tenor to Zenith and the bank offloaded at the secondary market to their customers


It makes sense now where Zenith got 364 day tenor from on Thursday 13/12/2018. CBN apparently did OMO yesterday, that is very similar to the usual Wednesday primary market in terms of tenor days (91, 182 and 364)

This is the rate I got from stanbic today. I think it's quite low. Especially the 356days

139days--12.50%
356days-12.25%
76day---13.5%

Stanbic 356 days was 14.25%.

I would confirm once I get notice bext week

OLOBAM:
This is the rate I got from stanbic today. I think it's quite low. Especially the 356days

139days--12.50%
356days-12.25%
76day---13.5%

pls what time does secondary market closes. Letr me see if i can rush down

RealityShot:
Well, like you warned me, i checked my account this morning and saw my cash still sitting there!

i rushed to the bank and the officer wasn't on sit @9:30, another worker said there was no network.

Well, i will move my cash back to MMF till Jan when i shall move totally to stanbic Ibtc.

First Bank, thank you very much for showing me, i was right to never open account with you guys.

zamirikpo, please has your subscription been completed? Thanks

First bank have dissapointed me on so many levels, I have made up my mind not to do anything with them in the future for now.

NL1960:


What type of account is that or were you the one that imposed such a condition?. My boss in the office has a condition on his account that disallow a transfer of any amount above 100k from any transfer source. Even online purchases.

i did no such thing.
i asked them about it and they said its for mobile money transfer and not *894# transfer.

...as for tbills, still no network at 2pm.
i will wait till monday before move funds to MMF.