Someone has taken her time to drop hints of the possible rates to go for and some people are still asking which rates they should go for.. Is it that we like asking irrelevant questions or what? I just tire for some nigerians shah

I got this rate from my Bank today (SCB)

91 DAYS =16.00% - 16.50%

182 DAYS =17.00% - 17.50%

364 DAYS =18.00% - 18.50%

Really juicy...

I am sooo jealous!!!, this Ecobank is something else, I will have to shop for another bank when next I am in naija.

SuccessGee:
I got this rate from my Bank today (SCB)

91 DAYS =16.00% - 16.50%

182 DAYS =17.00% - 17.50%

364 DAYS =18.00% - 18.50%

Really juicy...

SuccessGee:
I got this rate from my Bank today (SCB)

91 DAYS =16.00% - 16.50%

182 DAYS =17.00% - 17.50%

364 DAYS =18.00% - 18.50%

Really juicy...

Which bank is scb abeg

Oga feelamong please talk your boys are all waiting for you ooooh

The rate nawadays no good to shoot blindly

Reason to bid for yourself is that if FOR EXAMPLE you go with the bank rate at 14.25%for 91days NTB and it closes at 16.25%, the bank will gain the 2% freely from you plus the custodian fee and safe keeping fee there will still charge you..
Bote that 2% gain is a big amount if your bidding with a large amount of money but may be small if your bidding with small amount of money...

Just my thinking oooh

ukay2:


Which bank is scb abeg

Standard Chartered Bank

Lol

ukay2:
Reason to bid for yourself is that if FOR EXAMPLE you go with the bank rate at 14.25%for 91days NTB and it closes at 16.25%, the bank will gain the 2% freely

Just my thinking oooh

Not necessarily correct. The way the auction works is thus: if the bank bids with a certain percentage and this percentage falls within the band of successful bid rates and is not above the marginal rate, the bank gets what it bids for. If the bank doesn't estimate correctly then it would get a lower rate.

olujaidi:


Not necessarily correct. The way the auction works is thus: if the bank bids with a certain percentage and this percentage falls within the band of interest and is not above the marginal rate, the bank gets what it bids for. If the bank doesn't estimate correctly then it would get a lower rate.

Please explain with percentages and figures for us not in the banking industry to learn...

Thanks

ukay2:


Please explain with percentages and figures for us in the banking industry to learn...

Thanks

If you check the CBN webpage ( https://www.cbn.gov.ng/rates/GovtSecurities.asp ) for the results of TB auction you'll see three rows around the bottom of the first schedule: Range of bid rates, Successful bid rates and Marginal Rate. The first represents the highest and lowest rates quoted by bidders, the second is for the range of successful bid rates while the third is the maximum rate that the CBN will pay for your money.

In my previous explanation, I was referring to the successful bid rates row. If you bid lower than the marginal rate but within the band of successful bid rates you get what you bid for. That could explain why you get a lower rate at the primary market auction.

Capisce?

My explanation will be clearer once you open that CBN webpage

ukay2:
Oga feelamong please talk your boys are all waiting for you ooooh

The rate nawadays no good to shoot blindly

The secondary markets closed at the same levels as it closed on friday...

I will advise that we go with the Rates advised by Standard Chartered Bank...

Am going with theirs

Next auction comes up 03/08/2010

@feelamong

Thanks for the info.

Standard Chartered quoted a range 18% - 18.5% for 364 days.

Do you advise we go with the midpoint between the two bands, say 18.2% or we stick with the lower limit of 18% to play safe?

feelamong:


The secondary markets closed at the same levels as it closed on friday...

I will advise that we go with the Rates advised by Standard Chartered Bank...

Am going with theirs

selade:
@feelamong

Thanks for the info.

Standard Chartered quoted a range 18% - 18.5% for 364 days.

Do you advise we go with the midpoint between the two bands, say 18.2% or we stick with the lower limit of 18% to play safe?

You are very funny.. see question


He said he will be going with standard Chartered, so it's left to you to choose what's good for you @ the level of risk you wanna take. Everyone is speculating....

Thanks. We learn everyday

selade:
Thanks. We learn everyday

Yeah we are..

I'm actually going for the lowest which is 18% just to be on a safer side. Because I must win.. like compulsory

Can we have idea of the next auction rate?

Hello big house.please can i go with the gtb for the bidding. I Could remember them telling weeks ago to wait till the next auction. Please is it safe at what rate for 91days.

burrytee:
Hello big house.please can i go with the gtb for the bidding. I Could remember them telling weeks ago to wait till the next auction. Please is it safe at what rate for 91days.

Biakwa:
Can we have idea of the next auction rate?

=====

SuccessGee:
I got this rate from my Bank today (SCB)
91 DAYS =16.00% - 16.50%
182 DAYS =17.00% - 17.50%
364 DAYS =18.00% - 18.50%
Really juicy...

ummitoagirl:
Here is the 182 days 15.35%, 15.45%,and 15.60%
91 days 14.25%, 14.45%, and 14.55%

ummitoagirl:
I now have my rate from my bank, I will be going for 364 days. I am confused on which to pick out of my 3 rates, they are looking very juicy and I don't want to lose out on Thursdays bid. 17%, 17.30% and 17.50%

sherif4owo:


Yeah we are..

I'm actually going for the lowest which is 18% just to be on a safer side. Because I must win.. like compulsory

Do you think it is safe for me to bid for 182 at 17% or higher? Your advice would be appreciated.

Looping: feelamong, olujaidi, ummitoagirl

After 04/08/16, the next bid date is 11/08/16, so I think I could take the chance of loosing Out on the 4th to get back in on the 11th.

So I would bid 17.50% or even 18.00% for 91days that maybe a little high handed but am willing to take the risk.

Correct me if am wrong

40manlappy:


Do you think it is safe for me to bid for 182 at 17% or higher? Your advice would be appreciated.

Looping: feelamong, olujaidi, ummitoagirl

Well, Not bad though but If I must specify, my safe bid rate will be 16.0%-16.5%.

BTW: Hope you know it's late to place bid now?

zamirikpo:
After 04/08/16, the next bid date is 11/08/16, so I think I could take the chance of loosing Out on the 4th to get back in on the 11th.

So I would bid 17.50% or even 18.00% for 91days that maybe a little high handed but am willing to take the risk.

Correct me if am wrong

Man, I like your gut!!

Doers have already placed bid, waiting for the auction while some are still asking the rate to place..

sherif4owo:



Well, Not bad though but If I must specify, my safe bid rate will be 16.0%-16.5%.

BTW: Hope you know it's late to place bid now?

**modified
I already placed my bid for 17%

Looping: feelamong

40manlappy:


I already placed my bid for 17%

good luck bro!

sherif4owo:



good luck bro!

Thank you!

ecobank just advise me that there bid rate is 14.55 for 91 days.

just2endowed:
ecobank just advise me that there bid rate is 14.55 for 91 days.

I go for 16% in 91 days in GTB today.

I think the rate is risky: may God see me through.

I just dey study all the Monikers and their bids...

i wan begin play Naira bet once league season start...

i suppose know who i go dey reach out to before i play..

happy Investing All