pappilo: Are you guys back from your holidays yet? when is the next auction?

There will be bidding this week. My bankers has asked me to send in my bids!

feelamong:

There will be bidding this week. My bankers has asked me to send in my bids!

Great news. We shall be expecting the schedule for the first quarter as usual. Thanks a million.

I was successful with the last bidding for NTB but when I got my certificate, it came with the bank's letterhead. Is this normal? I was of the impression that since I'm buying from CBN, the certificate should carry CBN's letterhead.

Just asking...

sammily: I was successful with the last bidding for NTB but when I got my certificate, it came with the bank's letterhead. Is this normal? I was of the impression that since I'm buying from CBN, the certificate should carry CBN's letterhead.

Just asking...

its normal since ur biddin is tru d bank..same goes to me

laceonline02:
its normal since ur biddin is tru d bank..same goes to me

OK, Thanks

Pls house, I know the question has been answered somewhere but forgive me for not ready all the post.

Pls, what's the minimum one can invest with GTB .

Thanks

Dear house,

This must not pass me by this year. I contacted GTbank that I need to use my funds for T-Bills and they kept suggesting I do other services they were offering.

Please I want to invest some funds in T-Bills can anyone please tell me where to go to?

Thanks

FBN says I can not bid to day because according to new regulations it has to be 5 days before an auction. Thinking of what to do now.

Desanta: FBN says I can not bid to day because according to new regulations it has to be 5 days before an auction. Thinking of what to do now.

quickly move ur funds to another bank or discount house..

Azone: Dear house,

This must not pass me by this year. I contacted GTbank that I need to use my funds for T-Bills and they kept suggesting I do other services they were offering.

Please I want to invest some funds in T-Bills can anyone please tell me where to go to?

Thanks

Try a different branch of GtBank.

feelamong:

quickly move ur funds to another bank or discount house..

Thanks. I am working on it as you suggested.

Seun: Try a different branch of GtBank.

Thanks Seun.

I contacted FBNcapital and I was told I can only trade with 1million as minimum. I dont have up to that.

I have just about 300,000 and seriously I think I need more knowledge of this.

Please I wouldn't mind a little explanations as to returns and their calculations. 1/4 and all that.

Ojix85:

T bill auctions take place every other Wednesday. Next Wednesday (1st of January) seems to be out of the question.
Upper Wednesday (8th of Jan) seems more likely. Im just speculating though.

I received a call from my banker this morning confirming to me that bidding will take place tomorrow.
So let us wait for the outcome of it.

sammily: I was successful with the last bidding for NTB but when I got my certificate, it came with the bank's letterhead. Is this normal? I was of the impression that since I'm buying from CBN, the certificate should carry CBN's letterhead.

Just asking...

likewise me. I was also successful in my bidding of November 20, 2013 and what i got from my banker was a certificate on the bank's letterhead.
I think this practice was adopted in the best interest of investors because, the original certificates issued by CBN should be submitted back to CBN for redemption at maturity.

I belief it is normal, most especially as the certificate obtained from my banker contains very vital information relating to the investment such as:
> Amount invested
> Tenor
> Rate
> Maturity date
> Roll-Over date.

Any News

sammily: I was successful with the last bidding for NTB but when I got my certificate, it came with the bank's letterhead. Is this normal? I was of the impression that since I'm buying from CBN, the certificate should carry CBN's letterhead.

Just asking...

Technically you're not buying from the cbn. The bank buys from the cbn and resells to you for a fee.

Although cbn wants to sell to you directly but Because cbn cannot handle the logistics of selling directly to individuals, they had to allow banks charge that small fee

CBN STOP RATES FOR 09/01/14

91 DAYS -------10.90%

182 DAYS-------11.85%

364DAYS--------12.00%

feelamong: CBN STOP RATES FOR 09/01/14

91 DAYS -------10.90%

182 DAYS-------11.85%

364DAYS--------12.00%

Thanks bro.

I was going to bid 12% for my 364 days but decided not to be too greedy so settled for 11.5%. Not too bad.

oga@feelamong, i missed out, still waiting for the first quarter table, pls if u have the table pls let us see it.

No one want to reply me, why y'all stingy with info here

Anyway, pls when is the next date.

Thanks

Chillisauce: No one want to reply me, why y'all stingy with info here

Anyway, pls when is the next date.

Thanks

Sorry Boss!

next date is 22nd of jan!

happy Investing!

feelamong:

Sorry Boss!

next date is 22nd of jan!

happy Investing!

Thanks for the reply, will be going for a yr, but what I read in politics section scares me, I hope nigeria won't break up and my money vanishes .
Anyone got the bad feeling

Chillisauce:

Thanks for the reply, will be going for a yr, but what I read in politics section scares me, I hope nigeria won't break up and my money vanishes .
Anyone got the bad feeling

I have 2 investments maturing in May 14 and another Jan 15. I like 364 days but I will only reinvest the cash for 180 days to last till November 14. The feared unrest should spike the rates between Dec 14 and Feb 15. If rates reach 20% in this period I will take the risk and invest. If they are any lower, I will withdraw my money, change to $ and keep under my bed.

pappilo:

I have 2 investments maturing in May 14 and another Jan 15. I like 364 days but I will only reinvest the cash for 180 days to last till November 14. The feared unrest should spike the rates between Dec 14 and Feb 15. If rates reach 20% in this period I will take the risk and invest. If they are any lower, I will withdraw my money, change to $ and keep under my bed.

Thanks papillo, I guess I go by bits then. Better to keep re-investing than meeting an unforeseen circumstances. Especially this period. I no wan hear say my money enter voice mail. I had to change my dollars for this. If the naira go turn to paper, I quickly look for land buy sharp sharp.

Chillisauce:

Thanks papillo, I guess I go by bits then. Better to keep re-investing than meeting an unforeseen circumstances. Especially this period. I no wan hear say my money enter voice mail. I had to change my dollars for this. If the naira go turn to paper, I quickly look for land buy sharp sharp.

lol..

I bought TB through First Bank and have since got my interest, but there is no document issued to me by Firstbank as a proof of purchase. What should I do?

Chei 6 months of correct information.... All lost!

pappilo: Chei 6 months of correct information.... All lost!

Too Bad , very painful

thank God we are back. Feelamong and the rest where you @. Lets roll guys

princeuk21: thank God we are back. Feelamong and the rest where you @. Lets roll guys

Long silence has taken the spirit away.

After missing out by .01 on each occassion for the past 2 auctions, my sister finally succeded on 25 June.

Stop rate was 10.349 for 364 days

pappilo: Chei 6 months of correct information.... All lost!

Too bad. More work to be done in answering already answered questions...