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Treasury Bills In Nigeria - Investment (650) - Nairaland

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Re: Treasury Bills In Nigeria by RealityShot: 6:05am On Dec 18, 2018
donshady:


Meanwhile first bank is messing up saying their platform isn't coming up. I'm done with them..
OMO.. I am now scared of First Bank!

at 8:30am yesterday i got debitted for tbills 363 days..

at 1:30pm i got credited my full sum again..

at 2:06pm i got debitted again for tbills 360 days..

i was so confused, i just had to wait and see what if there will be any change again.

so i checked my email this morning and saw a mail from: "your treasury bills has been cancelled as per your request"
nothing else.

first of all, i told the guy to get me the longest available offer. So i dont know why he would cancel a 363 for 360

secondly, so these guys can just decide and cancel my tbills WITHOUT my consent? Thats maddening!

thirdly, they dont send mail for creating your tbills but they send mail for cancellation, really?

finally, now i have no idea of the rates.. Will check my bal. @12noon to see if the interest has drop; then i calculate rate..

PHEW!

1 Like

Re: Treasury Bills In Nigeria by donshady(m): 6:07am On Dec 18, 2018
RealityShot:

OMO.. I am now scared of First Bank!

at 8:30am yesterday i got debitted for tbills 363 days..

at 1:30pm i got credited my full sum again..

at 2:06pm i got debitted again for tbills 360 days..

i was so confused, i just had to wait and see what if there will be any change again.

so i checked my email this morning and saw a mail from: "your treasury bills has been cancelled as per your request"
nothing else.

first of all, i told the guy to get me the longest available offer. So i dont know why he would cancel a 363 for 360

secondly, so these guys can just decide and cancel my tbills WITHOUT my consent? Thats maddening!

thirdly, they dont send mail for creating your tbills but they send mail for cancellation, really?

finally, now i have no idea of the rates.. Will check my bal. @12noon to see if the interest has drop; then i calculate rate..

PHEW!

They have a big problem
Re: Treasury Bills In Nigeria by RealityShot: 6:21am On Dec 18, 2018
donshady:


They have a big problem
yep!

@ALL... i think its time we remove FIRST BANK from the list of highly recommended banks on this forum.

StanbicIBTC should be the only recommended bank for tbills for now.

thank you

2 Likes

Re: Treasury Bills In Nigeria by donshady(m): 6:48am On Dec 18, 2018
RealityShot:
yep!

@ALL... i think its time we remove FIRST BANK from the list of highly recommended banks on this forum.

StanbicIBTC should be the only recommended bank for tbills for now.

thank you


Yes I support the notion. I'm moving already. Started working on that since yesterday.

2 Likes

Re: Treasury Bills In Nigeria by chigo4u: 7:48am On Dec 18, 2018
RealityShot:
yep!

@ALL... i think its time we remove FIRST BANK from the list of highly recommended banks on this forum.

StanbicIBTC should be the only recommended bank for tbills for now.

thank you
Zenith bank too. I think Zenith offers better rate than stanbic
Re: Treasury Bills In Nigeria by Nobody: 8:12am On Dec 18, 2018
I moved to stanbic 2 months ago. Don't close the account because you might move back.

1 Like

Re: Treasury Bills In Nigeria by Pharmtj: 10:25am On Dec 18, 2018
chigo4u:

Zenith bank too. I think Zenith offers better rate than stanbic
really?. pls what's the current rate at ZB? thanks
Re: Treasury Bills In Nigeria by donshady(m): 10:35am On Dec 18, 2018
Barrytone:
I moved to stanbic 2 months ago. Don't close the account because you might move back.

Don't close the account because you might move bank. I walked into firstbank this morning to move funds to Zenith the manager showed up and asked why I was moving and I told him their bank isn't selling tbills. immediately he ordered them to do so and alas they they gave me 14% for 352 days. I think they know what they are doing.

6 Likes 1 Share

Re: Treasury Bills In Nigeria by kings11ng(m): 11:18am On Dec 18, 2018
chigo4u:
How do you people deal with stanbic online, I’ve tried to message them on twitter for weeks now yet no response. That’s a red flag for me.
are you sure it is the real stanbic handle? cos I always get instant reply from them
Re: Treasury Bills In Nigeria by zinaunreal(m): 11:28am On Dec 18, 2018
donshady:


Don't close the account because you might move back. I walked into first back this morning to move funds to Zenith the manager showed up and asked why I was moving and I told him their bank isn't selling tbills. immediately he ordered them to do so and alas they they gave me 14% for 352 days. I think they know what they are doing.

grin grin grin
Re: Treasury Bills In Nigeria by donshady(m): 11:30am On Dec 18, 2018
RealityShot:

OMO.. I am now scared of First Bank!

at 8:30am yesterday i got debitted for tbills 363 days..

at 1:30pm i got credited my full sum again..

at 2:06pm i got debitted again for tbills 360 days..

i was so confused, i just had to wait and see what if there will be any change again.

so i checked my email this morning and saw a mail from: "your treasury bills has been cancelled as per your request"
nothing else.

first of all, i told the guy to get me the longest available offer. So i dont know why he would cancel a 363 for 360

secondly, so these guys can just decide and cancel my tbills WITHOUT my consent? Thats maddening!

thirdly, they dont send mail for creating your tbills but they send mail for cancellation, really?

finally, now i have no idea of the rates.. Will check my bal. @12noon to see if the interest has drop; then i calculate rate..

PHEW!


Do let me know once the interest drops.
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:36am On Dec 18, 2018
deepwater:
If you are here and patiently waiting for end of January 2019 to do primary market (364) with stanbic ibtc for at least 17.45%

Raise your hand grin

I see school fees things grin grin

2 Likes

Re: Treasury Bills In Nigeria by Winneygirl(f): 12:48pm On Dec 18, 2018
RealityShot:

OMO.. I am now scared of First Bank!

at 8:30am yesterday i got debitted for tbills 363 days..

at 1:30pm i got credited my full sum again..

at 2:06pm i got debitted again for tbills 360 days..

i was so confused, i just had to wait and see what if there will be any change again.

so i checked my email this morning and saw a mail from: "your treasury bills has been cancelled as per your request"
nothing else.

first of all, i told the guy to get me the longest available offer. So i dont know why he would cancel a 363 for 360

secondly, so these guys can just decide and cancel my tbills WITHOUT my consent? Thats maddening!

thirdly, they dont send mail for creating your tbills but they send mail for cancellation, really?

finally, now i have no idea of the rates.. Will check my bal. @12noon to see if the interest has drop; then i calculate rate..

PHEW!

Maybe the 363 days was no longer available.
Re: Treasury Bills In Nigeria by drotba(m): 1:02pm On Dec 18, 2018
kings11ng:

are you sure it is the real stanbic handle? cos I always get instant reply from them

Please what's the email address Sir
Re: Treasury Bills In Nigeria by RealityShot: 2:00pm On Dec 18, 2018
chigo4u:

Zenith bank too. I think Zenith offers better rate than stanbic
their minimum amount of 1Million is quite high for new investors.

Winneygirl(f):
well, it took them 5 hours to realise that? It looks shady...

donshady(m):
surething.
Re: Treasury Bills In Nigeria by RealityShot: 2:09pm On Dec 18, 2018
donshady:


Don't close the account because you might move back. I walked into first back this morning to move funds to Zenith the manager showed up and asked why I was moving and I told him their bank isn't selling tbills. immediately he ordered them to do so and alas they they gave me 14% for 352 days. I think they know what they are doing.
"11/12/18
* The OBB and OVN rates remained
on the upswing today, increasing by
25.83 and 29.34% respectively.
Consequently, the average money
market rate settled higher at 67.96%."
"17/12/18
* The OBB and the OVN rates edged
higher by 12.10% and 11.37% settling
at 36.67% and 38.58% respectively.
Subsequently, the average money
market rate closed at 37.63%."

Yep!
they know exactly what they are doing.

see the OBB ABOVE.. It was very high last week, so they stylishly blocked large fund outflow till it went down this week.

Network ish was a LIE!
FBN acting like M..MM
Re: Treasury Bills In Nigeria by donshady(m): 2:43pm On Dec 18, 2018
RealityShot:

"11/12/18
* The OBB and OVN rates remained
on the upswing today, increasing by
25.83 and 29.34% respectively.
Consequently, the average money
market rate settled higher at 67.96%."
"17/12/18
* The OBB and the OVN rates edged
higher by 12.10% and 11.37% settling
at 36.67% and 38.58% respectively.
Subsequently, the average money
market rate closed at 37.63%."

Yep!
they know exactly what they are doing.

see the OBB ABOVE.. It was very high last week, so they stylishly blocked large fund outflow till it went down this week.

Network ish was a LIE!
FBN acting like M..MM

Fbn is really crazy.
Re: Treasury Bills In Nigeria by carbon1224(m): 4:34pm On Dec 18, 2018
Stanbic has the highest rate so far


The minimum investment amount is N100,000.
Please see below stop rates at last T-bill PMA:
91d – 10.9000%
182d – 13.1000%
364d – 14.4500%
Re: Treasury Bills In Nigeria by AdaBoss: 4:34pm On Dec 18, 2018
Hello,

So i have been reading through. I was actually thinking of investing with First bank.

If i am to go with Zenith bank, what kind of account do i need to open?

I would appreciate a response plsss..
thanks.
Re: Treasury Bills In Nigeria by kamsy4God: 5:09pm On Dec 18, 2018
AdaBoss:
Hello,

So i have been reading through. I was actually thinking of investing with First bank.

If i am to go with Zenith bank, what kind of account do i need to open?

I would appreciate a response plsss..
thanks.
Savings account.
Re: Treasury Bills In Nigeria by deepwater(f): 5:48pm On Dec 18, 2018
zamirikpo:


I see school fees things grin grin

flesh and blood wouldn't have revealed that to you!

my people in spirit grin

6 Likes

Re: Treasury Bills In Nigeria by silentone: 6:50pm On Dec 18, 2018
Good evening, please I really need to understand this reinvesting interest on tbills. If Invest have 1 mill at say 14% for 365 days what would be my interest. If I decide to reivest the interest when am filling the form what would be my take home at the end of the tenor?
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:09pm On Dec 18, 2018
deepwater:


flesh and blood wouldn't have revealed that to you!

my people in spirit grin
grin grin grin grin angry grin grin
grin grin grin grin grin

grin angry grin
Re: Treasury Bills In Nigeria by Nobody: 8:10pm On Dec 18, 2018
Good evening my fellow nairalanders, I'm a novice in this t_bills stuff, please can anyone put me through with this, and which bank is good for the investment, moreover which tenor is good to buy

1 Like

Re: Treasury Bills In Nigeria by Grupo(m): 8:17pm On Dec 18, 2018
Please, is this the legit Iinvest app? Let me not send money to fraudsters.

I apologize in advance if this has been answered before.

Re: Treasury Bills In Nigeria by donshady(m): 9:06pm On Dec 18, 2018
AdaBoss:
Hello,

So i have been reading through. I was actually thinking of investing with First bank.

If i am to go with Zenith bank, what kind of account do i need to open?

I would appreciate a response plsss..
thanks.

I think they are back on Track to save you stress. Every bank has got it's own madness grin grin grin. So they exhibit once a while
Re: Treasury Bills In Nigeria by donshady(m): 9:07pm On Dec 18, 2018
silentone:
Good evening, please I really need to understand this reinvesting interest on tbills. If Invest have 1 mill at say 14% for 365 days what would be my interest. If I decide to reivest the interest when am filling the form what would be my take home at the end of the tenor?

I will advice you go back to page 0 and read couple of pages so you can gain knowledge. But i will spare you this ..Your interest on that investment with the interest reinvested is #159600

1 Like

Re: Treasury Bills In Nigeria by Nobody: 9:13pm On Dec 18, 2018
Grupo:
Please, is this the legit Iinvest app? Let me not send money to fraudsters.

I apologize in advance if this has been answered before.

Right pictures
Re: Treasury Bills In Nigeria by C4Ltd: 9:24pm On Dec 18, 2018
donshady:


I think they are back on Track to save you stress. Every bank has got it's own madness grin grin grin. So they exhibit once a while
cheesy cheesy cheesy
Re: Treasury Bills In Nigeria by C4Ltd: 9:29pm On Dec 18, 2018
donshady:


I will advice you go back to page 0 and read couple of pages so you can gain knowledge. But i will spare you this ..Your interest on that investment with the interest reinvested is #159600
ie 14% on 1mil
plus 14% on the interest

all for 1 yr (364/364)

2 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 9:54pm On Dec 18, 2018
Barrytone:

Right pictures

Alright. Thanks

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