Today's rate please let me know

ahiboilandgas:
it seems you are not very grounded in finance/bussiness ,This amount for shops are not imaginary or by fait,is the rental value for the locations and potential sale revenue .....shops in main market like a whole sale iron rod dealer shop ...if shop is sold at 15m it will be rented for over 1m annually,This prime location can make sales of over 200k daily selling lace

Was thinking the 20m is rent, i can understand outright sale. Truly I'm not a fan of buying and selling, am an engr as per training and career and my business line will definitely be production, even its tooth pick and by then I will have enough savings for risk tolerance. It will be my hobby and activity to keep me busy after I leave my present job.

crowntoro:
you need to know that for me to even mention Primary and Secondary rates then it means I have an idea of what I want to invest into. I only came here to seek for people's opinion and it's not that I'm going to swallow it hook, line and sinker. The decision that I'm going to make still lies with me..
I have seen people come here to ask 'how do I invest in the primary market?' and people have answered them with nice responses and not a harsh one like the one you provided here trying to sound like one intellect.
I think sometimes we need to do better as human beings.

I sincerely apologize. You are right.

crowntoro:
I would like to invest in T-bills, Is it advisable I wait for primary market which is next week or I do for secondary market by going to the bank today? And please what's the rate for first Bank in the last primary market auction?

To be honest sir, the decision is yours. Secondary market stems from primary investors calling up funds and the financial institution swapping the remainder of the portfolios. Considering these are historical placements, the interests may be higher but expectedly, the bank will take its own margins, offer you yours and cancel off any costs of the swap.. so you may very marginally find it close to what current primary market rates are. Truth be told, banks are in it to make money and you have little choice but to take what you are given. So in answer to your question, when you see the rates and tenor, you will know.

And to your second question, call up FBank early in the morning by 10am and you will get a secondary rate for that day

c3000:


To be honest sir, the decision is yours. Secondary market stems from primary investors calling up funds and the financial institution swapping the remainder of the portfolios. Considering these are historical placements, the interests may be higher but expectedly, the bank will take its own margins, offer you yours and cancel off any costs of the swap.. so you may very marginally find it close to what current primary market rates are. Truth be told, banks are in it to make money and you have little choice but to take what you are given. So in answer to your question, when you see the rates and tenor, you will know.

And to your second question, call up FBank early in the morning by 10am and you will get a secondary rate for that day

Thank you so much for this explicit response... I don't take it for granted.

Good day house.

I did my T bill on December 28th 2018 for 300 days and it's expected to mature today.

I used First Bank and they usually credit me before 10am of the maturity day.

However, I have not been credited till now. Please has any body experienced this recently with First Bank and is it possible I don't get paid on the date of maturity?

zamirikpo:


See this one....

Affidavit vs Graduate.

See comparison ooh...

How did u enter the university.

And your kpali is under ur box. This one that ur are asking everybody how they entered or graduated from the university... seems to me like the thief calling the owner thief.

Acidosis:


Banks (like GTB) are advertising and begging customers to take loans at ridiculous rates based on CBN directives. Now a larger part of this loan ends up in TBills. You see it makes no sense?

The essence of loans I believe is to encourage new startups and improve business processes. Sadly, many of these banks like GTBank give loans at 1.75% rate only to Salary earners (with salary account). Question is, how can a salary earner do business or encourage startup?

This directive seems like a 'cold war' between CBN and Banks, each trying to play smart.

By denying individuals opportunities to invest in TBills, salary earners will avoid loans, those taking the loans will divert to real businesses and startups (like franchise, agrictechs, fintechs, etc.), and banks will be forced to consider entrepreneurs without a salary account.

You have said it all.
Sometimes,I wonder why banks prefer to give loans to salary account holders to giving loans to start up entrepreneur.
I believe alot needs to be done in this area by regulatory bodies.

Igbo business me should consider Insurance. Read more https://drumgist.com/2019/10/24/nigerian-insurance-culture/

Viqtour:
Good day house.

I did my T bill on December 28th 2018 for 300 days and it's expected to mature today.

I used First Bank and they usually credit me before 10am of the maturity day.

However, I have not been credited till now. Please has any body experienced this recently with First Bank and is it possible I don't get paid on the date of maturity?

Today has not ended. When you get alert, come and pay your dues here for taking up our time.

Acidosis:


Banks (like GTB) are advertising and begging customers to take loans at ridiculous rates based on CBN directives. Now a larger part of this loan ends up in TBills. You see it makes no sense?

The essence of loans I believe is to encourage new startups and improve business processes. Sadly, many of these banks like GTBank give loans at 1.75% rate only to Salary earners (with salary account). Question is, how can a salary earner do business or encourage startup?

This directive seems like a 'cold war' between CBN and Banks, each trying to play smart.

By denying individuals opportunities to invest in TBills, salary earners will avoid loans, those taking the loans will divert to real businesses and startups (like franchise, agrictechs, fintechs, etc.), and banks will be forced to consider entrepreneurs without a salary account.

Risk..risk...risk.... a salary earner has a lower risk profile though one just does not understand how it works to be encouraging him/her to be distracted. But hey you are right. This over-regulation needs a further looking at... and there are loads of ideas to offer

almost all banks are advertising

Acidosis:


Banks (like GTB) are advertising and begging customers to take loans at ridiculous rates based on CBN directives. Now a larger part of this loan ends up in TBills. You see it makes no sense?

The essence of loans I believe is to encourage new startups and improve business processes. Sadly, many of these banks like GTBank give loans at 1.75% rate only to Salary earners (with salary account). Question is, how can a salary earner do business or encourage startup?

This directive seems like a 'cold war' between CBN and Banks, each trying to play smart.

By denying individuals opportunities to invest in TBills, salary earners will avoid loans, those taking the loans will divert to real businesses and startups (like franchise, agrictechs, fintechs, etc.), and banks will be forced to consider entrepreneurs without a salary account.

dake40:


Primary market is always advisable...

Thank you Man.

c3000:


To be honest sir, the decision is yours. Secondary market stems from primary investors calling up funds and the financial institution swapping the remainder of the portfolios. Considering these are historical placements, the interests may be higher but expectedly, the bank will take its own margins, offer you yours and cancel off any costs of the swap.. so you may very marginally find it close to what current primary market rates are. Truth be told, banks are in it to make money and you have little choice but to take what you are given. So in answer to your question, when you see the rates and tenor, you will know.

And to your second question, call up FBank early in the morning by 10am and you will get a secondary rate for that day

Okay..
Thank you, as I learnt a lot from this as well.
I just have a simple question though.
I quoted the question that warranted this answer yesterday, and one of the responses mentioned some salient points and one of them just struck me and I've been thinking.
Is it wrong to invest for the sake of being wealthy? By wealthy, I mean having enough money to take care of yourself, family and others who will come your way. And also of course expanding your interests and investments.
Because the person kind of mentioned, what is your intention for desiring to trade in T Bills. I don't know about others, but mine is as mentioned above.
I hope it's a good one, and I pray it's possible that TBills, along with other wise investments can take me there.

Barrytone:


Was thinking the 20m is rent, i can understand outright sale. Truly I'm not a fan of buying and selling, am an engr as per training and career and my business line will definitely be production, even its tooth pick and by then I will have enough savings for risk tolerance. It will be my hobby and activity to keep me busy after I leave my present job.

Love your style! Am not an engineer but I love production wella am even planing to start one next year buy God grace.

aremso:


If you are ready to take business risk plenty things in the country 10m can give more money the fear of taking risk is our problems

You nailed it. Ive noticed our business clime gas been structured in such a way that no one wants to take any risk stall. Looking for exactness before they do so. And this is not healthy for business

Can you throw more light on caveats emptor..
Thanks alot

DigitalMallam:


I have descent investment with Crowdyvest, +ve testimonies from colleagues cum genuine personal investigation informed my decision. I've had them on my radar for a while though. I was convinced with practical proof before investing with them. I also have sizable stake with Agrorite which has higher ROI and invariably higher risk.
But more importantly, there's a caveats emptor attached to the post.

Barrytone:


Was thinking the 20m is rent, i can understand outright sale. Truly I'm not a fan of buying and selling, am an engr as per training and career and my business line will definitely be production, even its tooth pick and by then I will have enough savings for risk tolerance. It will be my hobby and activity to keep me busy after I leave my present job.

Hope you are not mechanical, production- inclined? My field bro.

healthserve:



You nailed it. Ive noticed our business clime gas been structured in such a way that no one wants to take any risk stall. Looking for exactness before they do so. And this is not healthy for business

The uncertainty in the Nigeria business space in terms of policies- my brother one has to be very exact o, otherwise there goes ur hard earned cash under the drains.

This looks like a bad year for tbills as per rates, All the cbn policies are not changing anything. anyway I’m waiting till December to see if there will be any improvements

Good day house, I nodded for TB @secondary market last, it was successful and have been rewarded accordingly. My question now is that what do I need to have as an evidence that i bought treasury bill through till maturity. I am still a learner. Thank you.

igbizen:

The uncertainty in the Nigeria business space in terms of policies- my brother one has to be very exact o, otherwise there goes ur hard earned cash under the drains.

Its the exactness in expectations that stifles the ability to explore and break into new frontiers which many businesses never break into. Giving this ordeal, Nigerians don't know how to do business. That's why industries don't make budget for R & D, cause we all believe in exactness and see no need for experimentation with the results of the hypothetical experience as the gains. I'm the C.e.o of an agritech company, ive spent over 10 years carrying my research to people to invest in, but thank God today, I found a few faithfuls who chose to dare next year watch out for my brand.

silentone:
Can you throw more light on caveats emptor..
Thanks alot

Caveat Emptor. Latin for "let the buyer beware." A doctrine that often places on buyers the burden to reasonably examine property before purchase and take responsibility for its condition. Especially applicable to items that are not covered under a strict warranty.
It simply places the onus on the buyer to do his due diligent before making purchase decision/commitment.

smart2precise:
Good day house, I nodded for TB @secondary market last, it was successful and have been rewarded accordingly. My question now is that what do I need to have as an evidence that i bought treasury bill through till maturity. I am still a learner. Thank you.

Just go back to your bank where you subscribed for the TB and ask them to give you proof of investment. They will print it for you. It's as simple as that.

Does anyone here know if there is a section on this forum dealing with Commercial Papers? Drop me a link if you do pls

kryptem:

Just go back to your bank where you subscribed for the TB and ask them to give you proof of investment. They will print it for you. It's as simple as that.

Thank you very much. You guys are wonderful.

T-Bills Yields Drop 0.40% as CBN Mops up N321bn
https://businesspost.ng/economy/t-bills-yields-drop-0-40-as-cbn-mops-up-n321bn/

c3000:
Does anyone here know if there is a section on this forum dealing with Commercial Papers? Drop me a link if you do pls

Of course https://www.nairaland.com/5010648/commercial-papers#81755749

I did TB secondary market with FB since Tuesday 23 up till now have not been credited with my interest I called first contact I was told Central Bank put a hold on all secondary market for now did anyone have same experience with FB on secondary market this week please

seye4nii:
I did TB secondary market with FB since Tuesday 23 up till now have not been credited with my interest I called first contact I was told Central Bank put a hold on all secondary market for now did anyone have same experience with FB on secondary market this week please

stupid and criminals have been using cbn agric loan. ,bank of industries loans given to customers at 3 to 8 percent to buy up t.b at 12 making 5 percent and killing agric and industries....those 500 bn used to place bid is false ,unfunded , intervention loans ....419 people ....all t.b bid mist funded from real hustle

seye4nii:
I did TB secondary market with FB since Tuesday 23 up till now have not been credited with my interest I called first contact I was told Central Bank put a hold on all secondary market for now did anyone have same experience with FB on secondary market this week please

which means the information given by first contact is accurate

ahiboilandgas:
stupid and criminals have been using cbn agric loan. ,bank of industries loans given to customers at 3 to 8 percent to buy up t.b at 12 making 5 percent and killing agric and industries....those 500 bn used to place bid is false ,unfunded , intervention loans ....419 people ....all t.b bid mist funded from real hustle

I must say that the banks are the cause of it all. I once tried to access BOI funds through several medium, but to no avail, succeeded in YES-P training and all, but still no funding, now i gave up, only for them to visit my company one day and was trying to see if already-made big companies can access the loan. it pained my soul. If i was given that loan today, i will use it for TB and i won't feel bad one bit.