Ryder306:
@tritri: i dont think its cool the way you attacked the rosabon guy, if u have experienced something negative with them..... present it here.

For someone like me, i only got to know about financial houses here and at the same time got to know about the fantastical fraud going on in some of them. information is power.

For the person that asked the question, i visited their office in yaba few weeks ago to attach face to the company and that was actually whn i saw a advert by Linda ikeji celebrating their 23yrs anniversary.

Honestly they spoke well but personally not ok with the rate (guess it because of my principal 1m for 30days ). Presently monitoring their reports, hopefully i may reconsider 90days when my stanbic fd drop.

Thanks bros. And that's what information
can do to a man. I'm happy cos the more people like him kept saying what they don't know. Guys that are serious kept monitoring our services .have said it often times that if anyone has heard or had any ugly news or experienced with Rosabon, let him present it here.

walexy14:

Discussing TB and Remedies in getting better rates. Have gotten Alot of people from this sections and nairaland at large on my leads management and have been able to convert over 60% . which means this informations has benefit them and also more salary increase for me has a Sales Person . So you either take it or leave it.

Open a thread and discuss that trash there. We r not interested.

mekaboy:

Open a thread and discuss that trash there. We r not interested.

Why is it paining you n who are the WE ? Say for your self jor

Chukzyfcb:
Whenever I see the t.bills rate rising while FBN money market is stagnant. I just go angry. Imagine a 7.99% for 91days, discounted rate oh!!! Meanwhile FBN MMF dey gimme 7%. Rubbish

There is a difference between a treasury bill and a money market mutual fund each with its characteristics, pros and cons, and because mutual funds charge fees you do not expect them to pay what TBs pay

Inflation rate now 13.7%

expect the TBills rates to jump too!

feelamong:
Inflation rate now 13.7%

expect the TBills rates to jump too!

Goodnews

Make e jump first, tired of d wait.

Ryder306:


Goodnews

bad news

Ryder306:


Goodnews

How is this good news?

40manlappy:


How is this good news?

Good news for Tbills

not a very good news for Nigerian economy

*.

But CBN has not released thier official stop rate.Tomorrow 18th is the bidding.

*.

@Houstency from the last auction the stop rate was 11.0000 maeaning so many banks will sligthly give thier customers something lower than 11% for 365days.We should also have it in mind that budget has just been signed meaning interest rate may gear up slightly(Some analyst should tell us better).
Your question if you should fill form,it depends on you and no bank may accomodate request on the auction day which is just tomorrow.

Chief @feelamong please help me, I heard auction is tomorrow the 18th of May 2016, and i am relatively new to investing in Treasure Bills, can you please point me in the right direction Sir?

Biakwa:
But CBN has not released thier official stop rate.Tomorrow 18th is the bidding.

How then should I proceed, I have 300k in savings with GT Bank and I am interested in Treasure Bills, please point me in the right direction

louismariae:


How then should I proceed, I have 300k in savings with GT Bank and I am interested in Treasure Bills, please point me in the right direction

You will have to wait for the next bid. That will be in 2weeks time. You can visit your bank to submit your request before 31st of this month.

Guys any update on CBN stop rate today??

Seriously waiting for stop rate...

CBN held a T-bill auction earlier today, where it sold N32.4bn 91-day bills, N22.8bn 182-day bills and N55.7bn 364-day bills at 8.10%, 9.20% and 12.48% stop rates respectively. These stop rates were higher than the last auction on the 4th of May, most likely in reflection of the higher yields in the secondary market.

Timmi:
CBN held a T-bill auction earlier today, where it sold N32.4bn 91-day bills, N22.8bn 182-day bills and N55.7bn 364-day bills at 8.10%, 9.20% and 12.48% stop rates respectively. These stop rates were higher than the last auction on the 4th of May, most likely in reflection of the higher yields in the secondary market.

Thanks

Good one,at least banks should give guys nothing less than 11% for 364days.I believe this is as a result of the fact that the economy is experiencing crises.
This is the time to invest,i foresee a higher yield next auction too.

Timmi:
CBN held a T-bill auction earlier today, where it sold N32.4bn 91-day bills, N22.8bn 182-day bills and N55.7bn 364-day bills at 8.10%, 9.20% and 12.48% stop rates respectively. These stop rates were higher than the last auction on the 4th of May, most likely in reflection of the higher yields in the secondary market.

went for 11.02% did it fall within the successful bid?..

IHelp:


You will have to wait for the next bid. That will be in 2weeks time. You can visit your bank to submit your request before 31st of this month.

IHelp thanks for getting back to me.

So how should I proceed?

Biakwa:
Good one,at least banks should give guys nothing less than 11% for 364days.I believe this is as a result of the fact that the economy is experiencing crises.
This is the time to invest,i foresee a higher yield next auction too.

why should you be interested in 364 days at the present rate, when it is clear that the rates could get to 14 % in a matter of months. Latter you go come dey ask how u go sell am.

@Mpeace its just a projection,but you can never tell.what now makes you thinke rate will get to 14% in few months?

Timmi:
CBN held a T-bill auction earlier today, where it sold N32.4bn 91-day bills, N22.8bn 182-day bills and N55.7bn 364-day bills at 8.10%, 9.20% and 12.48% stop rates respectively. These stop rates were higher than the last auction on the 4th of May, most likely in reflection of the higher yields in the secondary market.

Until 91 is 10% I will wait.

Please house help me.. ..... I have small change I want to invest in treasury bills, have been to my banks Gtbank and diamond bank. But they said that the price of t bills is low that is about 7% and the next bidding is this next week. Please enlighten me its my first time .. And I see higher rates here and auction was yesterday not next week.... ...please house am I missing something. Thanks

@Mekaboy you can never be too sure .
But next auction will go up as well looking at the indices.

Waiting for the official SMS from zenith.