honeyfave:




Cc ukay2 thanks

Please, this is incorrect.

I suggest people still take the time to read the first few pages to correctly understand the process.

If your principal is 1M and based on tenor/interest rate, you get an interest of 130k; you get your interest upfront(depending on bank, entire principal or principal-interest may be debited).

You get your 1M back at the end of the tenor.

Your total interest over the entire period is still 130k.

Pls let us be guided accordingly, so people can take the correct decisions.

^^ ok thanks.

Hey guys kindly advise the interest rate to go for next week. This lady at ecobank wants me to bid 17%.

Annalise:
Hey guys kindly advise the interest rate to go for next week. This lady at ecobank wants me to bid 17%.

17% for what tenure?

Missiniubs:




17% for what tenure?

364. She also advised I used fixed deposit as an alternative.

Annalise:
364. She also advised I used fixed deposit as an alternative.

you mean she advised you to go for a fixed deposit account?

please o, our financial gurus here.. is T bills still worth it in this present Nigerian Economy?

please o, our financial gurus here.. is T bills still worth it in this present Nigerian Economy?

good question.......................shebi we are in recession and govt is planning to sell everything they own,including,river niger/benue...how are they supposed to repay us after using our principal to pay salaries and run there extravagant government.......

i dont want to hear story ooh.........

@agbaletu confirmed he was paid his principal ........pls any recent/ recession era recipient of there principal.

no be say i dey fear ooh.....last last CBN.....go photocopy some billions for us.

Ugmama:


you mean she advised you to go for a fixed deposit account?

Yes oo. What do you think?

[quote author=Annalise post=49754618] Yes oo. What do you think? [/quote
I will go to Eco bank morow and know whatsup

@honeyfave...sorry for the late reply. ..was very busy at work....I know someone has answered your question correctly.


Those that are afraid if FGN will pay back their face value at maturity should FEAR NOT...
If you understand what FGN uses these money to do...infrastructural developments...you will be encouraged to support the government at all times while you get good secured interest upfront.... I TRUST NTB more than FIXED DEPOSIT IN ANY NIGERIAN BANKS....

All the face values i have invested for years have always returned to my account at maturity....at times I have even forgotten except for the alert....even the one I did during the general election has returned to my account. .....what I usually tell pals is that as far as this entity NIGERIA remains, NTB programme continues and will never fail...

Ugmama:
please o, our financial gurus here.. is T bills still worth it in this present Nigerian Economy?

Is "Savings" still worth it in this present Nigerian Economy?

If you have a better alternative, it is advisable to go for it.

Thanks for your response.

@All.
Please compare treasury notes to treasury bills.

battleaxe:


Tenor choices for most individuals should be dependent on individual cash flow planning.

While you will find that the rates for 365days are typically the highest, this also means that you are not able to respond as quickly should the rates appreciate, for you to be able to take advantage.

Some individuals also simply do not have the energy to go through detailed studying requires prior to the bidding, towards ensuring they're submitting a winning bid. Rather do that for a 365 day tenor than four times for a 91 day tenor.

For me, I do not think there's any tangible difference in the tenors- just plan your cash flow and use that to plan the tenor of your investment.

[quote author=Ugmama post=49754890][/quote]

Let me know how fa when you do pls.

wats d minimum amount one can invest in this?

yak:
wats d minimum amount one can invest in this?

Go to your bank and verify because some may take 100k while for some 1M

ukay2:
@honeyfave...sorry for the late reply. ..was very busy at work....I know someone has answered your question correctly.


Those that are afraid if FGN will pay back their face value at maturity should FEAR NOT...
If you understand what FGN uses these money to do...infrastructural developments...you will be encouraged to support the government at all times while you get good secured interest upfront.... I TRUST NTB more than FIXED DEPOSIT IN ANY NIGERIAN BANKS....

All the face values i have invested for years have always returned to my account at maturity....at times I have even forgotten except for the alert....even the one I did during the general election has returned to my account. .....what I usually tell pals is that as far as this entity NIGERIA remains, NTB programme continues and will never fail...

Hello, how much do you advise I bid for? (364 days). Someone told me to go for 17%.

battleaxe:


Please, this is incorrect.

I suggest people still take the time to read the first few pages to correctly understand the process.

If your principal is 1M and based on tenor/interest rate, you get an interest of 130k; you get your interest upfront(depending on bank, entire principal or principal-interest may be debited).

You get your 1M back at the end of the tenor.

Your total interest over the entire period is still 130k.

Pls let us be guided accordingly, so people can take the correct decisions.

Hello, I was told by my bank Ecobank, to bid for 17% (364 days). What do you think?

Annalise:


Hello, I was told by my bank Ecobank, to bid for 17% (364 days). What do you think?

go on thats good if you get it at 17% thats #170,000 for 1m . help me ask them if they can take #100,000 for the tb .

ihedioramma:
go on thats good if you get it at 17% thats #170,000 for 1m . help me ask them if they can take #100,000 for the tb .

what will happen if I bid higher? What is the current stop rate?

Annalise:


Hello, how much do you advise I bid for? (364 days). Someone told me to go for 17%.

Wait till Monday so that we can see the direction of cbn omo and secondary markets rates


Oga feelamong is always ready to guide us....

I have done all my NTB for now...no more money to do till I gather funds again...

ukay2:


Wait till Monday so that we can see the direction of cbn omo and secondary markets rates


Oga feelamong is always ready to guide us....

I have done all my NTB for now...no more money to do till I gather funds again...

okay, thank you.

ukay2:


Wait till Monday so that we can see the direction of cbn omo and secondary markets rates


Oga feelamong is always ready to guide us....

I have done all my NTB for now...no more money to do till I gather funds again...

Monday is public Holiday check the link below

https://www.nairaland.com/3378157/independence-fg-declares-monday-public

Ukay2, thanks for the acknowledgement.

Treasury bills commission (Eco bank)
inform our customers that a Commission charge of 0.125% on the Yield, Custody fees of N100.00 and 0.10% p.a. on the Face Value plus VAT @ 5% flat; are applicable on every successful bid and the charge would be debited from Head Office.

The charges seemed much, if my interest was #89000 after subtraction of the above listed rates my money go don finish na...

Ugmama:
Treasury bills commission (Eco bank)
inform our customers that a Commission charge of 0.125% on the Yield, Custody fees of N100.00 and 0.10% p.a. on the Face Value plus VAT @ 5% flat; are applicable on every successful bid and the charge would be debited from Head Office.

The charges seemed much, if my interest was #89000 after subtraction of the above listed rates my money go don finish na...

Guy can't you port to gtb or stanbic ibtc banks etc that has less charges. ....think wise because some of these banks are desperate to chop any free customers money...

ukay2:


Guy can't you port to gtb or stanbic ibtc banks etc that has less charges. ....think wise because some of these banks are desperate to chop any free customers money...

it's annoying. I with ecobank too but I'm not in NGR at the moment.

tziz:
Please when is the next bidding?

Some one answer me oo

tziz:
Some one answer me oo

Oct 5, 2016

ukay2:


Guy can't you port to gtb or stanbic ibtc banks etc that has less charges. ....think wise because some of these banks are desperate to chop any free customers money...

Does GTB accept less than 1M?

Annalise:

it's annoying. I with ecobank too but I'm not in NGR at the moment.

my sister, i am short of words. dont know whether to go ahead or not

Ugmama:
Treasury bills commission (Eco bank)
inform our customers that a Commission charge of 0.125% on the Yield, Custody fees of N100.00 and 0.10% p.a. on the Face Value plus VAT @ 5% flat; are applicable on every successful bid and the charge would be debited from Head Office.

The charges seemed much, if my interest was #89000 after subtraction of the above listed rates my money go don finish na...

who is banking with fbnh on tb let's here from you please ?