Abini2012:
Got 12.20 for 196 days at First Bank today..
Based on my calculations I learn from this thread, interest for 1M should be about 65k without fees.. pls gurus, am I correct? Am I a good student?

Abini2012:
Got 12.20 for 196 days at First Bank today..
Based on my calculations I learn from this thread, interest for 1M should be about 65k without fees.. pls gurus, am I correct? Am I a good student?

Abini2012:
Got 12.20 for 196 days at First Bank today..
Based on my calculations I learn from this thread, interest for 1M should be about 65k without fees.. pls gurus, am I correct? Am I a good student?

NL1960:


Not only you are now a good student, you are now a guru in TB interest calculation.

OgogoroFreak:
You are right but there is a "Safe keep" fee.

Bravedude112:
Folks, when is the next primary market?

Littlemix:
How did you go about it in the bank.. Plz explain to me

chigo4u:
So the dollar is gonna remain stable @360 for another 5 years? Interesting

awesomeJ:
From oil prices to stock prices to exchange rate and now to CBN governor.

Being spiritually powerful is awesome!

EMEFIELE IS INDEED STAYING FOR A SECOND TERM.



Before you start thinking it's coincidence, I made similar posts when oil dropped to $49 in December last year, and people thought the dollar would surge.


https://nairametrics.com/2019/05/09/cbns-godwin-emefiele-is-allegedly-returning-for-a-2nd-term/

awesomeJ:


or even gain a little.

340 may happen.

But we want a $100bn dollar reserves first.

For those who trade oil futures, $70 is gonna turn a support for the next few months.

chigo4u:
$100 billion dollar reserves will never happen lol

Agbaletu:

awesomeJ is a Prophet.
With this new development, I think I should convert my small Dollars to Naira and invest in Treasury Bills. Emefiele will keep Dollar at N360 for a very long time which is good for the economy, but very bad for me. Having bought over 20K$ at N400, It is high time I counted my losses and move on.
Nigeria = 1
Agbaletu = 0

Life goes on!

awesomeJ:

Sure it will sir.

chigo4u:

No it will never. And for as long as Emefiele keeps stabilizing the naira artificially. I dont even think it will get to 70 not to talk of 100. Even 60 would be remarkable.

awesomeJ:


Never is a strong word.

You should only make assertions like that if you've already seen into the distant future.

Plus, we don't really need the pessimism now.

tritritri:




It got to 46 as of JAN 2018 and i made a kill on the nse.

U'all shd be smiling if he is retained but many nigerians will buy enuf t.b which might lead to futher drop in rate.

guess the big guns are aware he will be retained hence rate keep droppin due to excess liquidity.

IMO ..

modified : 4/25/2018 the reserve was sittin at $ 47B. AND and of today at 44B...

Bravedude112:
Does anyone know when the next primary market is gonna be?

mk82:

Bravedude112:
Thanks, i learnt that it's gonna be on the 16th of May, i have primary market tbills with First Bank maturing on thesame day, can i use the said maturing tbills to bid in advance for another 1year tenure. This is the first time i will be experiencing this. Anyone with a valuable answer will be much appreciated. Cheers!

ikechukz:
Hello guys, has anyone used Stanbic IBTC before for treasury bills, I want to know how reliable they are

Agbaletu:

Yes, you can use it since it is maturing the same day.

Marula:
Seniors please I need your guidance. I have N500k that has been sitting in a bank that I want to invest. I've read through the thread not all the pages though. My questions are:
1. Can I start with N500k or must it be N1m
2. Which bank or investment house is the best to go with
3. When is the best time for me to register
4. I've also been reading up Mutual Funds don't know between Tbilis and mutual funds which is better and which I can go for with N500k.

Thanks for helping out.

olujaidi:

Answers are in the last 15 pages of this thread