I was at Zenith Bank yesterday to make enquiries and I was told that the new cbn policy does not affect tbills in any way as long as I'm not a debtor or owing money anywhere. I'm waiting for the next auction date which is sometime next week to see if my request for tbills will go through and what the interest rate will be.

DaBogu:
So all this border closure and war against rice was just so Dangote would swoop in and start selling us overpriced rice.
Is the expensive cement not enough?

but the guy doesn't stop any one if you have the capacity to go into rice farming, so I looked at it from the perspective of an opportunity to everyone who has the gut

mumayo:
anyone purchased Tbills yesterday. I need idea on recent rates.

No more tbs, I'm at first bank right now, the guy said they got a message frm cbn yesterday not to accept individual investments, both on secondary n primary markets, is this the END? He said its in d news already

Akin3891:



No more tbs, I'm at first bank right now, the guy said they got a message frm cbn yesterday not to accept individual investments, both on secondary n primary markets, is this the END? He said its in d news already

first bank have always be selling from their stock ,the bid an resell for profit ...that why u don't miss bid their

ahiboilandgas:
yes, on the advert page they select a combination of banks and discount houses ...mainly teir 1 banks but I be local chap na bank I prefer

Cool, i prefer bank too. Like to go real analog when it comes to money. What is the minimum to invest in FG bond?, not saving bond. Which bank did you buy yours from? My overall tbs investments will drop next year February, so i want to get well prepared. Thanks

Akin3891:



Cool, i prefer bank too. Like to go real analog when it comes to money. What is the minimum to invest in FG bond?, not saving bond. Which bank did you buy yours from? My overall tbs investments will drop next year February, so i want to get well prepared. Thanks

zenith ,Gtb....

TB lives on. The confusion is between FGN TB and OMO

Check business news now on channels tv

zamirikpo:
TB lives on. The confusion is between FGN TB and OMO

Check business news now on channels tv

Just saw this too on channels TV. I guess we'll just have to wait for the next auction date which is sometime next week to see how things play out.

zamirikpo:
TB lives on. The confusion is between FGN TB and OMO

Check business news now on channels tv

please what are they saying on Tbill?

aremso:


please what are they saying on Tbill?

No shaking my people , it was just some OLODO reporter .

TB us still very much available to both individuals and small firms

zamirikpo:


No shaking my people , it was just some OLODO reporter .

TB us still very much available to both individuals and small firms

all aspiring billionaires don't miss this program....my wife don't understand within I dey watch ....

ornicus:


The directive does not seem logical though. A big firm will not sink its capital into treasury Bills. Capital required for operations, projects etc made unavailable to the company for 3 to 6 to 12 months for a 10% return?

I was afraid that the train would come to an end, but this doesn’t make sense

My banking officer says not true. They still did for a client yesterday

ahiboilandgas:
all aspiring billionaires don't miss this program....my wife don't understand within I dey watch ....

With women it's either Bollywood or zeeworld or nollywood.

Am heading to the bank now to apply for Wednesday's auctions.

WE DIE HERE

zamirikpo:


With women it's either Bollywood or zeeworld or nollywood.

Am heading to the bank now to apply for Wednesday's auctions.

WE DIE HERE

ha.ha...i tire for that see world I pray the station is closed but it keep them busy and allow me fucus

ornicus:


My banking officer says not true. They still did for a client yesterday

did you ask for rate?

needful:
Thank you for contacting Afrinvest Securities Limited.



The minimum for secondary market FGN Bonds purchase through Afrinvest is N20,000,000.00 (based on availability of the bond)



There is no maximum. Please see the indicative bond rates that traded today in the secondary market:



Bond

Tenor (Years)

Yield (%)

Coupon (%)

Implied Price (N)

Jul-21

2

12.35

14.50

103.15

Jan-22

3

12.05

16.39

108.20

Apr-23

4

12.28

12.75

101.29

Mar-24

5

11.98

14.20

107.33

Mar-25

6

12.24

13.53

104.95

Jan-26

7

12.70

12.50

99.11

Mar-27

8

12.55

16.29

117.59

Feb-28

9

12.70

13.98

106.40

Jul-34

15

13.07

12.15

94.00

Mar-36

17

13.16

12.40

94.90

Apr-37

18

12.90

16.25

123.02

Apr-49

30

13.48

14.80

109.57



You can also buy FGN Bond through a primary market auction. The minimum for this is N100,000,000.00 .



The Q4:2019 schedule is also attached and the next auction is slated for 20-Nov-2019.

I made enquiry from afrinvest and above was what they sent to me. pls can someone clarify difference between coupon and yield. assuming i put in 500,000 at a coupon of 16.29% and a yield of 12.46% for 2yrs. what will be my yearly interest payment and at the maturity, will the capital still be N500k?.

Thanks.

Is it 100,000,000 or 100,000?

For this federal govt bond, why is bank minimum investment 50,000,000 and Afrinvest is offering me 20,000,000. Hope this afrinvest is real.

Pls someone should confirm this biko.

Akerewe:
Is it 100,000,000 or 100,000?

The lady said, 20,000,000 for a minimum start from secondary market while primary market is 100,000,000

needful:


The lady said, 20,000,000 for a minimum start from secondary market while primary market is 100,000,000

u mean 100million

ahiboilandgas:
ha.ha...i tire for that see world I pray the station is closed but it keep them busy and allow me fucus

You're not serious walahi!!!

needful:
For this federal govt bond, why is bank minimum investment 50,000,000 and Afrinvest is offering me 20,000,000. Hope this afrinvest is real.

Pls someone should confirm this biko.

Afrinvest is real and strong. 20M is for Secondary market.

OgogoroFreak:
How old are you sef?

I wonder ooo

Good afternoon all.
I went to First Bank yesterday to submit my primary auction for next week.
I learnt now that the money has been deducted from my account now.
I don't have the idea of Primary TBS. I usually opt to secondary if not because of this new system.
People in the house, is that how primary TBS does. I thought it should be a DAT before auction day.

Fyabdul:
Good afternoon all.
I went to First Bank yesterday to submit my primary auction for next week.
I learnt now that the money has been deducted from my account now.
I don't have the idea of Primary TBS. I usually opt to secondary if not because of this new system.
People in the house, is that how primary TBS does. I thought it should be a DAT before auction day.

Day*

Fyabdul:
Good afternoon all.
I went to First Bank yesterday to submit my primary auction for next week.
I learnt now that the money has been deducted from my account now.
I don't have the idea of Primary TBS. I usually opt to secondary if not because of this new system.
People in the house, is that how primary TBS does. I thought it should be a DAT before auction day.

That has always been FBN style for primary market except they forget. Most times they take the money from your reach as soon as you request.

Your situation seem favourably different compare to mine. They keep telling me they have not been adviced to treat TB.. Even today I have been told same. So I have decided to gradually move my small savings as the TBs I have there matures.

zamirikpo:


No shaking my people , it was just some OLODO reporter .

TB us still very much available to both individuals and small firms

Was at stanbic today, was told i can invest in primary, but no secondary market available . As the dust settles, secondary markets should be back soonest.

freeman67:


That has always been FBN style for primary market except they forget. Most times they take the money from your reach as soon as you request.

Your situation seem favourably different compare to mine. They keep telling me they have not been adviced to treat TB.. Even today I have been told same. So I have decided to gradually move my small savings as the TBs I have there matures.

The man I met said so. But later gave me the form to fill. Thank you for you response. I appreciate.

DaBogu:
10.9 2yrs
11.36 3 yrs Not sure confirm from DMO website.

Thank you

alphascorpio:


Just saw this too on channels TV. I guess we'll just have to wait for the next auction date which is sometime next week to see how things play out.

then why is the rate now very low? i saw 8% yesterday for secondary and just 2 maturity day. 212 days and 242 days

Akin3891:



Was at stanbic today, was told i can invest in primary, but no secondary market available . As the dust settles, secondary markets should be back soonest.

stanbic took my application for next weeks auction and told me they had only 125days on the secondary market, just incase I was interested.

Got 135 days at Stanbic this morning at 10.5%. Secondary market. They said secondary market will stop on the 29th of this month. People are really locking in their fund in the longer period. The reason why u cannot easily get long period for now.

I-invest is still selling TB. Guess the confusion is over