Where can I buy TB in Port Harcourt? Thanks to the dude that started this trend. God bless you

guru25: Where can I buy TB in Port Harcourt? Thanks to the dude that started this trend. God bless you

Just go to your bank and make inquiry. Or just walk into any bank preferably First Bank and GTB and make inquiry.
Happy investing.

hello nairalanders.....i intend investin in TB asap, i ve noticed a downward turn in the yield on TB and its quite discouragin..pls wats main the reason for dis.....to kno the possibility if it might pick up later.....

weldone feelamong and the guys. God bless u.

laceonline02: hello nairalanders.....i intend investin in TB asap, i ve noticed a downward turn in the yield on TB and its quite discouragin..pls wats main the reason for dis.....to kno the possibility if it might pick up later.....

Basic economic law of demand and supply.
If investors offer funds more than the government needs, the T-bills rate will start falling.
If the government needs funds more than investors can offer, the T-bills rate will start rising.

tanks house....i ll give it a trial

laceonline02: tanks house....i ll give it a trial

yea go on and give it a trial. Notwitstanding the drop in yield, it still remains the best money market investment to me. I invest , take my interest upfront, and still get a rate far better than any Fixed deposit; yet witout any withholding tax!

GTbank accept 500K. just confirmed from them

feelamong:

yea go on and give it a trial. Notwitstanding the drop in yield, it still remains the best money market investment to me. I invest , take my interest upfront, and still get a rate far better than any Fixed deposit; yet witout any withholding tax!

take my interest upfront - what do you mean by this, can you be paid interest before your TB matures
yet witout any withholding tax! - you are saying no WHT, but what does the bank charge for running investment for you.

exago:

take my interest upfront - what do you mean by this, can you be paid interest before your TB matures
yet witout any withholding tax! - you are saying no WHT, but what does the bank charge for running investment for you.

YES in Tbills You can opt to take your interest upfront!
There is no withholding tax (WHT) in Tbills unlike in Fixed deposits where you also have to pay 10% of your interest as WHT back to the government!
The only charge for TBills transaction is 0.125% of the amount. For N1M this amounts to N1,250= only

nairalander.....just left gtbank oyo branch now to book for Tbill..minimum capital is 1m....i was forced to refix mi money for anoda 1month.....guys pls help reconfirm gtbank minimum capital

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So i visited GT Bank Ajose Adeogun and they said minimum amount is N500,000. Next bid date is Tuesday 29 January 2013

osikhueme: So i visited GT Bank Ajose Adeogun and they said minimum amount is N500,000. Next bid date is Tuesday 29 January 2013

seems my gtb branch is tryin to discourage mi with their 1m minimum capital

If stock market spiral down rate on treasury bill goes up, if stock market spiral up rate on treasury bill goes down. It has inverse relationship based on investors emotion. It will always be a good market for risk averters like me.

http://www.reuters.com/article/2013/01/16/nigeria-bills-idUSL6N0AL74620130116

Nigeria plans to sell 164.88 billion naira ($1.05 billion) worth of treasury bills with maturities ranging from three months to one year on Jan 24, at its twice-monthly auction, the central bank said on Wednesday.

The bank said it will auction 34.88 billion naira in 91-day bills, 50 billion naira in 182-day notes and 80 billion naira in 364-day paper, using Dutch auction system.

Nigeria, Africa's top energy producer, issues treasury bills regularly as part of monetary control measures to help lenders manage their liquidity and control the money supply. ($1 = 157.15 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks

Hi feelamomg,
Thank u for this thread. I've been following this thread since last year just to get some tips on TB.I just submitted my application today.It's a great investment despite d declining interest rate.

honeyfave: Hi feelamomg,
Thank u for this thread. I've been following this thread since last year just to get some tips on TB.I just submitted my application today.It's a great investment despite d declining interest rate.

Many Thanks!

Meanwhile lets start getting ready for the secondary bonds market that is about to be started on the NSE. At the moment only banks have been enjoying the excellent yields of up to 16% that some of these FGN bonds provide.

feelamong:

Many Thanks!

Meanwhile lets start getting ready for the secondary bonds market that is about to be started on the NSE. At the moment only banks have been enjoying the excellent yields of up to 16% that some of these FGN bonds provide.

interesting! Please could you shed more light on this?

Please keep us updated concerning secondary market. Next bid date is 22 January rather not 29 January

honeyfave: Hi feelamomg, Thank u for this thread. I've been following this thread since last year just to get some tips on TB.I just submitted my application today.It's a great investment despite d declining interest rate.

What was your bid rate?

Seun:
What was your bid rate?

Am throwing in my bid this morning at 11.3% for 91 days!

11.5% for 182days

@feelamong any update on today's bid?

osikhueme: @feelamong any update on today's bid?

Actually the bidding at CBN is tomorrow.
Hopefully by thursday morning the stop rates will be communicated to us.

Hi guys,
Can I buy TB of N250,000. Wats d minimum amount one could invest in TB. Pls reply asap

@Frankyj

Yes you can if you go to first bank. but its like theirs from secondary Mkt.

and their min. is 100k

Does anyone know the stop rates yet?

UPDATE: I think the stop rate for the 91 day t-bill must be below 11.4%, down from 11.55% at the last auction.

Seun: Does anyone know the stop rates yet?

UPDATE: I think the stop rate for the 91 day t-bill must be below 11.4%, down from 11.55% at the last auction.

The stop rates was terrible..Lost out on all fronts!

91 days ------10.84%

182 days ------11%

364 days ------11.049%


these foreign investors have really messed up the market. Am off to the NSE to take some risk and make money! see u guys!

OMG!!!!

What next?