Damolux01:
Hello guys, since my interest is going to be paid upfront, then is there any other risk accrued as some talked about election and economic stability...will one lose ones money? I wannnaa do 15% too ooo.

lancee:




Based on the last rate

Pluslargent:
in my personal opinion I don't think there is any risk whatsoever, election come and go bet me your money will still work for you through whatever it brings. That said, any one in the house did 365 days tenure with UBA recently?

Sylverly:
The road to success isn't decorated with
roses...it takes a strong mind to achieve greatness.....I ll take this shot, election or no election... # I so much believe, we aren't Gona be consumed in this warfront......

Koolmak:
Please,Which bank accepts 100k?

Most banks...
.
.
.
i use First Bank ,and i am sure they take a minimum of 100k.
Happy investing .

Koolmak:
Please,Which bank accepts 100k?

princeuk21:
first bank

obiak4:

diamond back also accept 100k

XuteSleeks:
Pls Obiak,I'm a newbie. Any idea how much interest #500,000 placed on a 91 day T bill will yield? Thanks.

tolutweety:


Most banks...
.
.
.
i use First Bank ,and i am sure they take a minimum of 100k.
Happy investing .

Ojix85:
So I took the bold step today and placed a bid of 15.5% for 364 days.
I hope this pans out.
Happy investing y'all.

Sylverly:
have you processed yours already..? And how possible bro..

Damolaskynov:
;DHappy New Year everyone in the house!! For the sake of those who are still a bit perplexed about how the calculations for Treasury bills are done and who like me some months ago couldn't locate the initial pages of this thread where it was clearly stated by feelaamong and others, this simple equation should be of much help


Discount Yield (%) = Face Value – Purchase price X 360______ X 100(%)
Face Value Days Till Maturity


I only hope this helps...You always have to remember that the Tbills are of 91,182 and 364 days tenor. Face value is the amount you intend to invest,purchase price is the amount actually deducted by CBN leaving behind your interest and the discount yield is the approved bid rate range for whatever tenor you put in for. It is not as complex as it sounds,sincerely
I use GTBank for my TB purchases,and the minimum I know is N500,000 unless they changed it yesterday... For someone who said N5 million as minimum for GTB,your investment officer apparently wants to discourage you from TB purchase...even Zenith bank I know says N1 million as minimum for TB purchase.
I wish you all a profitable year ahead...

lancee:

Pls sir how do you get across to First bank , i am used to Gtb

Ojix85:


I simply wrote a letter to my bank, requesting for TBills Investment. Next bid date is tomorrow.

tolutweety:


I am sorry i am just replying this.
I have a banker in FBN and he is only a phone call away. I only need to call to tell him what to do .

Mpeace:
please are these rates good? 170days at 13% and 70days at 10.5%. I cannot bid tomorrow because my previous investment matures on Friday. so should I go with the above rates on Friday r just wait until the next auction in two weeks?

Sylverly:
alright..just getting ready to storm Zenith tomorrow . I have 15% in mind for 364.. Is it advisible to add some fractions..though I don't want to be cut off..

tunai:
I am sensing 17% for 364 days as the outcome tomorrow. Wait lemme call this my account officer to book me for tomorrow

Ojix85:


Well, 15.5% seems fair (my opinion), considering last stop rate for 364 days was 15.99%.

Good luck.

coderXO:
doomsday is for sure nearing. People talking about 17% interest and laughing about it.

Hell folks, Ghana pays 23%; you might run there and put your money in and see what becomes of it.