sonshyne:
Sequence to the letter i wrote to account officer since last week that as soon as TB is available my a/c should be debited for an auction of 182day. I received an alert this afternoon that my account has been debiteds for an auction of 182days. but the bid rate and maturity date was not sent to me...pls house am I on a safe side?

sonshyne:
Sequence to the letter i wrote to account officer since last week that as soon as TB is available my a/c should be debited for an auction of 182day. I received an alert this afternoon that my account has been debiteds for an auction of 182days. but the bid rate and maturity date was not sent to me...pls house am I on a safe side?

Desanta:
Hello every,
please when is the next auction holding? Anyone with the calendar or a link to it can please share.
Thanks.

debbydee:
Please house i need some one to confirm how much is the minimum amount to start treasury bills

Bamz:


It's bank dependent usually. Typically it's N100,000.00

Bamz:


February 4th.

Bamz:


February 4th.

debbydee:


thanks. I also want to know if first bank is okay. if investing 500k

debbydee:


thanks. I also want to know if first bank is okay. if investing 500k

sammily:
T/BILLS: PRIMARY (21/01/15)

91 Days: 11.2000

182 Days : 14.1900

364 Days: 14.5616



source - http://www.zenithbank.com/MarketUpdate.aspx

ifyalways:

Quoted for reference.

Quoted YOU for reference too.


.

kenmaro:
I got 182days @ 13% from Diamond bank, is it a good offer?

zeelo2014:

personally, I think that's fair.
Do u know the 90 days rate?

Chillisauce:
Sorry for derailing.

For those of you that have money in USD.

Due to the oil crisis, now is the time to change your cash to EUR. You will make it huuuuge.

EVEn in naira, but i dont trust the naira to bounce back because of Nigeria factor(history will tell ). But the Euro will always bounce back.

The oil price is on one of its lowest in history and wont go much below this.

ANyway, just a heads up. Im no investment analyst just someone making use of open opportunity.

Happy investing.

OYO if e back fires.

coderXO:


err I beg to differ.

Time to change to Naira ( only to buy "assets" or "stuff" in Nigeria (right now!) ) but not to hold Naira

Otherwise, USD is gonna be stronger in the upcoming weeks/months . You change to something else and change back to USD, you lose.

I aint no analyst either...don't quote me on that.

Chillisauce:


i made that post you quoted january 30th, after that the euro is gradually picking up. Euro will always bounce back.
As for naira, you are right about buying stuff.

Time to convert dollars to euros

tolutweety:


Time to convert dollars to euros

Chillisauce:

Over the yrs Euro has always been strong against USD but due to recent oil crisis, the dollar is getting stronger .
Let's say I operate a dollar account. I will make some money while converting to Euro. It's like making more money converting to naira now. but the only difference here is naira might never pick up if I wanted to convert back to dollars while Euro will definite beat the crisis. As I speak it's getting stronger.

Not to derail, also put in mind your spending currency before converting .

jaybee3:


You do realise that Greece being part of the EEC just elected an anti-austerity leader right?

Chillisauce:

That's why I said you should keep in mind of your spending currency.

jaybee3:

Longer term outlook for euro is negative

Chillisauce:


I don't think so. Lets see in 3 month time .

jaybee3:


3 months is short term ma'am

Chillisauce:


My own is to make money. In 3 months or more the Euro gets higher, I convert back to my USD. If not, I secure something tangible with it. Better than most investment and charges offered by most banks now.