angelo82:
You can't even send money from your domiciliary account to Naira savings account of the same bank.You will have write an instruction to a third party to withdraw from account and save in the order.....Nigeria banking system still need some finishing.....And CBN sometime talk like tyrants as if you don't have right to somethings.....I don't want to bother myself but I am watching....

Chillisauce:
Does anyone know if this bvn (bank verification no) by CBN will affect instructions online on TB.
I cant seem to get a good response from my bank.



Good morning all

Chillisauce:


Thats a very risky thing you are doing. You mean, you actually send someone to withdraw from dorm account, change it , then pay into your naira account? Wow.

I use SC, i always give them instruction to pay into my gt or sc naira account. They do that with a telephone call to confirm.
Passing through a third party in this time, oh boi.
After i witness something yrs ago, where a third party was asked to withdraw certain amount of money, and the third party said that thieves snatched his bag as soon as he exited the bank. What will you do to such person.

The people i could trust with that are either not available to help with it or ...

Confirm from your bank, there should be a way they do that esp if you have a naira account with same bank

lancee:



@chillsauce ,am just tryin to make refrence to one of ur past comments on t-bill , i found out that exhange rates is one of the problems one has to put inot consideration when investing in Tbills
Imagine for example loosing like 40k naira on 10,000 dollars when converting back to dollars
The last time i converted naira was 164 , now its 168 or more the naira is struggling
I think its better to leave the money in naira and use it in naija , just my thots

ayeesha:
Hello house..been following this thread for a while and I want to say thanks for all the info being shared.

Pls, I want to bid on the next aucton date for 91 days tenor. As it is, it will mature around February and I believe that is election month ba?

My concern is, hope our monies will be safe around that period , make person no come dey hear stories that touch!

Abeg, tbills experts in the house, will appreciate your quick response as usual cos I heard the next bidding will be next week and I wouldn't want to miss it Godwilling.

Thanks people!

angelo82:
You can't even send money from your domiciliary account to Naira savings account of the same bank.You will have write an instruction to a third party to withdraw from account and save in the order.....Nigeria banking system still need some finishing.....And CBN sometime talk like tyrants as if you don't have right to somethings.....I don't want to bother myself but I am watching....

angelo82:





Feb. is a good time for maturity and most of us are waiting for Feb/March for our various investment in T.Bills to mature by then and we can take further decision on the next line of action depending on political situation in the country........Your money will be safe...

walcolm:


I don't quite agree with your opening statement. You can transfer from your fx acct to your naira account with gtb. It will be at official rate with bank charges but it's doable

Seun:
if you need to liquidate some of your tbills to meet an urgent need, what are the requirements for selling them off in the secondary market?

Seun:
if you need to liquidate some of your tbills to meet an urgent need, what are the requirements for selling them off in the secondary market?

princeuk21:
an email or letter to you bank instructing them to sell it will do

Seun:

How will the discount on the face value of the tbills to be sold be determined? Who will they be sold to? What will the transaction fees be? Tnx.

Seun:

How will the discount on the face value of the tbills to be sold be determined? Who will they be sold to? What will the transaction fees be? Tnx.

angelo82:
You can't even send money from your domiciliary account to Naira savings account of the same bank.You will have write an instruction to a third party to withdraw from account and save in the order.....Nigeria banking system still need some finishing.....And CBN sometime talk like tyrants as if you don't have right to somethings.....I don't want to bother myself but I am watching....

deennest:


I'm new to this and I want to be singing this song of yours too.... It seams you know the real aspect of it now. Pls help a bro out here..
Which bank are you suggesting that wont mess the whole thing up on the long run. and any other relevant details... I'm Following you on this.

Thanks in Advance

ummitoagirl:


Looolllll....

See, I had €5k in my European account for 1 year, dats equivalent N1m.. At the end of the year, my interest was €6 ...N1,200k, am like what the f**k €6 only!

Whilst lurking around after a Nigerian aunty told me, I stumbled across this thread and got in touch with my naija manager, I jumped on the band wagon. My TBills has earned me about N100,000k, dats like €500 in a few months....what...dats super amazing....never will I find this in Europe...in fact, I feel like I won the lotto...it's freaking much in the European sense sha, not sure about naija oh.

I am new to it to, ask d in house experts, they helped me too.

I do 91 days only and re invest just to be on the safe side.

Prince081:
Hello house, I have been trying to venture into treasury bills, but I need some guide.
I went to my Diamond bank branch in Portharcourt and they said they don't do Treasury bills. I have some idle funds in That Diamond bank account that I need to invest from Portharcourt.

Please five me an idea of where I can go in order to participate in the next bid.

Thanks in anticipation of solutions.

ummitoagirl:


Looolllll....

See, I had €5k in my European account for 1 year, dats equivalent N1m.. At the end of the year, my interest was €6 ...N1,200k, am like what the f**k €6 only!.... like €500 in a few months....what...dats super amazing....never will I find this in Europe...in fact, I feel like I won the lotto...it's freaking much in the European sense sha, not sure about naija oh.

I do 91 days only and re invest just to be on the safe side.

Prince081:
Hello house, I have been trying to venture into treasury bills, but I need some guide.
I went to my Diamond bank branch in Portharcourt and they said they don't do Treasury bills. I have some idle funds in That Diamond bank account that I need to invest from Portharcourt.

Please five me an idea of where I can go in order to participate in the next bid.

Thanks in anticipation of solutions.

angelo82:



Don't go to anywhere just mail the head office of your bank and inform them of your intention.They might be lying in your branch just for them to be using your fund as they want...I encountered something like that from one of my bank branch at first but I pushed through the head office and everything has been perfect since then.But hope you have enough money in that account.....I mean the minimum amount required.....

REDDEVILS1:
What's the minimum required please

coderXO:
Usually you can transfer from dom to naira, granted both accounts are under the same login with the bank.