partnerbiz4:
Gurus should elucidate on this please..

Tony56
Awesomej
Feeamong

Etc

spiritedtete:

Capital no.

I have been doing Tbills for 3 years now. My friend it is better than taking unnecessary risk in one buying and selling biz.

sholatech:
Can only see the rates going down for the next six months. With increasing oil price leading to more revenues for Government, continous reduction in inflation figures & decision of Government to raise more funds offshore, it sure is going down.

partnerbiz4:


What are your reasons please and by "no" do you mean rates will increase or decrease?

spiritedtete:


No matter how rate decreases it won't go beyond 9% as Nigeria still needs to attract more investors. Another thing is that... before you put your money into Tbills you already know what your percentage will be like.

So let's say you put 1m for 90 days ... once CBN takes the money from your account they drop your percentage immidiatley. So no need to worry over if it will decrease or increase. So you know what you are getting before you put your money.

partnerbiz4:


We are bothered because we may terminate before maturity. And if rates increase, we may lose.

spiritedtete:


What are you terminating before maturity... something that they have giving your percentage before they take the money. That's why 90 days is mostly offered

partnerbiz4:


90 days with less interest rates

spiritedtete:

Tbills rates are fixed... this is not fix deposit
It's usually every 90days

partnerbiz4:


No sir.

The higher the tenure the higher the rates.

eg 90 days may have 10%

364 days 12%

spiritedtete:


Bros Tbills is doing 14% at the moment for my 90% and I have been doing this floor 3 to 4 years now sir

Go to your bank for more insights...

spiritedtete:

Capital no.

I have been doing Tbills for 3 years now. My friend it is better than taking unnecessary risk in one buying and selling biz.

sholatech:
Can only see the rates going down for the next six months. With increasing oil price leading to more revenues for Government, continous reduction in inflation figures & decision of Government to raise more funds offshore, it sure is going down.

hilaryxoxo:


I see rates doing down for a couple of reasons.
1. A reduction in fiscal paper supply by the CBN. recent trends in Bond and PMA auction reveal a reduction in fiscal paper supply. This is in line with the monetary authorities strategy to reduce domestic debt and take advantage of external debt with relatively cheaper borrowing cost.

2. The CBN has been guiding rates lower amid the recent downtrend in inflation rate... Well ahead of the rate cut that the market is expecting to happen before H2.


But the good news is that rates would begin to pick up by Q3, Q4 due to election risks.

dotcomnamename:



God bless you

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