Blessedgurl:


Thank you so much.

Please, if I want to buy through a Bank, which Banks are good enough as well as how much is the minimum amount to buy?

Generally, the minimum amount should be N100,000 though there has been feedbacks from members that some banks stated higher amounts such as N500,000, N1m, etc. You need to find out from your bank regarding their position on this.

Currently, I use Stanbic IBTC and Union Bank for my Tbill transactions. So far, there has not been any major issue. Some members here too have spoken well about other banks.

The key thing is to familiarize yourself with the basics as it has been proven over time that most branch-based staff have limited knowledge of this "market".

Knowledge is power. This thread is more than enough to equip you.

Please stop rates for yesterday's auction; or did the auction not hold

slimtriggaman:
update on closing rates

Dear Feelamong find below the stop rates for the last Auction February 15 2017

91 days -----13.69%

182 days ----17.15%

364 days -----18.4495%

feelamong:


Dear Feelamong find below the stop rates for the last Auction February 15 2017

91 days -----13.69%

182 days ----17.15%

364 days -----18.4495%

thanks

wow and i went for 18.5%

feelamong:


Dear Feelamong find below the stop rates for the last Auction February 15 2017

91 days -----13.69%

182 days ----17.15%

364 days -----18.4495%

Thank you. I cautiously did 18.38 for 364 days.

Will 18.45 go through?

hancock:
wow and i went for 18.5%

sorry bro...also lost my bid at 18.5%

seems the rates are now going down gradually...

na to quickly rush to the secondary market cos in two weeks time we might see even further decrease

Well i doubt, with recent inflation figure at 18.72 and the amount needed to be generated by next auction. I believe the rates would be fairly same or edge up a bit on next auction 02/03/07. I lost my 182 days bid by .5% but next fortnight would be successful

feelamong:


sorry bro...also lost my bid at 18.5%

seems the rates are now going down gradually...

na to quickly rush to the secondary market cos in two weeks time we might see even further decrease

feelamong:


sorry bro...also lost my bid at 18.5%

seems the rates are now going down gradually...

na to quickly rush to the secondary market cos in two weeks time we might see even further decrease

Is the procedure for the secondary market similar with that of the primary market? I'm using GTBank . Also what are the interest rates for 364 days at the secondary market now?

munezo:
Will 18.45 go through?

. Possible if the treasury guys in your bank are good. I have done 14 for 91 days in november , 2016 and the stop rate was 13.999. I got the 14

My account was debited for T-bills on 13th February but I've not got any upfront interest. Please advice me.

Mikymiko:
My account was debited for T-bills on 13th February but I've not got any upfront interest. Please advice me.

Which bank?

hancock:



Is the procedure for the secondary market similar with that of the primary market? I'm using GTBank . Also what are the interest rates for 364 days at the secondary market now?

For secondary markets transactions..I usually shop around..

most times I ask my investment bankers to shop around for the best rates..

How does a person know if he succeeded in yesterday's action when he did not specify a rate to the bank?. Do the person have to call his/her account officer or wait to see if there is a debit alert on the account.

feelamong:


For secondary markets transactions..I usually shop around..

most times I ask my investment bankers to shop around for the best rates..

ok thanks.
I will probably just sit this one out and wait till two weeks time. going by the trend na 18.2-18.3% go sure next time

feelamong:


sorry bro...also lost my bid at 18.5%

seems the rates are now going down gradually...

na to quickly rush to the secondary market cos in two weeks time we might see even further decrease

Boss, I also went for 18.5%. Please, what's the procedures for buying in the secondary market? Thanks

feelamong:


Dear Feelamong find below the stop rates for the last Auction February 15 2017

91 days -----13.69%

182 days ----17.15%

364 days -----18.4495%

am getting good at this.........went for 18.40%, but this rates shouldnt go down ooh, i cant wait to re-invest my principal next year.

When is the next time TB will be issued in the primary market

Happyfellow147:
When is the next time TB will be issued in the primary market

The next auction date is 2nd March 2017.

zamirikpo:


am getting good at this.........went for 18.40%, but this rates shouldnt go down ooh, i cant wait to re-invest my principal next year.

LOL. Rates will not continue to be like this. it may go higher or lower according to the economic indices. For me this is happy times because i remembered i have bought for 364 days at 9% before. If you are an old guy in this league, you will understand that this is the best time to play this game.

40manlappy:

Knowledge is power. This thread is more than enough to equip you.

Thank you

18% confirmed. Thanks first bank

Ok thank you

ozymes:
. Possible if the treasury guys in your bank are good. I have done 14 for 91 days in november , 2016 and the stop rate was 13.999. I got the 14

unite4real:


LOL. Rates will not continue to be like this. it may go higher or lower according to the economic indices. For me this is happy times because i remembered i have bought for 364 days at 9% before. If you are an old guy in this league, you will understand that this is the best time to play this game.

WHAT WAS THE INFLATION RATE THAT YR?

Any Gtbank debit yet. Thanks

Team16:
Any Gtbank debit yet. Thanks

I did with GTB but no debit yet. I have sent a mail to my account officer to know if i was successful but no response yet.

For the auction of the 15th, I gave my bank instruction on the 14th and was told they concluded all auction on the 13th. Its first bank. Is that how it goes/works Please?

NL1960:


I did with GTB but no debit yet. I have sent a mail to my account officer to know if i was successful but no response yet.

Yet to be debited too @GTB

yak:

WHAT WAS THE INFLATION RATE THAT YR?

june/july 2008, inflation rate was 14%. NTB rate was around 9%

Team16:
Any Gtbank debit yet. Thanks

None oo. GTBank Bid wrongly ne? Make them no vex me i don budget that their interest

yak:

WHAT WAS THE INFLATION RATE THAT YR?

june/july 2008, inflation rate was 14%. NTB rate was around 9%