These Nigerian banks act with all impunity....Uba has just kept me in the dark...no information from them

seyi42k:

I used Diamond bank and I have just been informed that my first ever bid was successful @17% for 180 days.

you have been debited?

seyi42k:
No........I have been following up with the bank.

OK...which bank did you use?

Updates...has any successful bidder been debited yet?

how do we get notification from the bank if their bid was successful.as i went with the banks rate..uba

Acidosis:

19% - 365* days for me or nothing!

think that's on the high side...considering the 18

feelamong:
Would ask my bankers for this programme by morrow...

Meanwhile rates are not looking too good in the secondary markets..

Waiting for CBN OMO to clean up this excess liquidity as we also expect the FAAC money to hit the systems too next week.

that's bad o...Oga feelamong what are rates at the secondary market for the various tenor?

gurus in the house what rate are we looking at for the various tenors? how liquid is the market?

oga feelamong can I get a 300 days and above at the secondary market right now?

oga feelamong....please where do you get your info of rates on the secondary market.... what's the 364days rate current at the secondary market

feelamong:



According to the CBN TBills time table..there is no auction for the 364 days bills tomorrow..

There is an auction for 364 days....just that are are no maturing tbills for that tenor...check the timetable properly...you would see issue 346days

@ oga feelamong and other gurus in the house..is the window is open?can bids be taken tomorrow?

skydiver01:
Auction is on 17 Aug, Bids would be compiled by commercial banks today and tomorrow I imagine.

sir according to the calender its suppose to be on the 18th or has there been a change?

@ oga feelamong and other gurus in the house..... what are the rates like at the secondary market?

@ gurus in the house just got out of first bank and uba where I wanted to place bids...but the officers in both banks said the window is not yet open...who has been able to place bids?

feelamong:

Yes they can be re validated....
speak to your Stock brokers to assist you on that

Thanks sir....would do just that

@ oga feelamong other gurus in the house according to the CBN calender the window won't be open to take bids for the 344days tenor...how true is that?

oga feelamong please can stock dividends cheque which have expired since 2013 be redeemed?

please has anyone in the forum bought tbills through uba?..

Do fidelity bank allow you to pick your rates?

please house can I get a list of Banks that let you choose your own rate?

nobody has said anything about uba...are they dormant in the ntb market?

firstbank is very useless... I gave them a directive to liquidate my fixed deposit and placed a bid for tbills....only to call the relationship manager today for him to tell me that the bid could not go through that there was no network

house why are banks always against you buying tbills.
was at first bank to to liquidate my fixed deposit so as to be able to place bid for next week but they kept doing their best to persuade me..even telling me that tbills are now unstable
and their rate for fixed deposit at 182days is 6.6%

Any advise on rates for the upcoming bids? This would be my first bidding?