awesomeJ:


Yes. One year papers have c. 26% yields on them.

Prime lending rate is typically MPR+4%, but only blue chips get those.

For the regular Joe, it could be as high as MPR +14%.

So 30.25 - 40.25%

That's quite high 😳... again I am quite thankful for the help.

I wish to know if there's a reputable certificate training class on Finance one can enroll in? Your help will be appreciated highly.

PNomsule:


That's quite high 😳... again I am quite thankful for the help.

I wish to know if there's a reputable certificate training class on Finance one can enroll in? Your help will be appreciated highly.

You're welcome boss.

I do not know any training class on Finance, except you're talking of certifications like CFA, FMVA, and the likes.

teejay5:
Why did u say so, cause I bided with Dem too

. Okay, please were you debited?

awesomeJ:


You're welcome boss.

I do not know any training class on Finance, except you're talking of certifications like CFA, FMVA, and the likes.

I appreciate your insight every step of the way...meanwhile, the CFA would be fine although it's a bit more formal, I had wanted something inexpensive and a tad bit novitiate if you get what I mean.

I will be following your inputs on the topic and I trust to glean more from you. Remain blessed 🙌

I av been debited for TB safe keep and trans fee,but I noticed der is minus sign in front of d mean figure so I am still waiting for further notification.

tabithababy:
. Okay, please were you debited?

Please has anyone been debited from GTB?

apeleone:
Please has anyone been debited from GTB?

Still expecting.

Rizin:


Still expecting.

Still expecting too and this is my first time of doing it . Could it be that the bid was not successful

balostica:

Still expecting too and this is my first time of doing it . Could it be that the bid was not successful

I spoke with my account officer yesterday claimed it was successful but till this moment I haven't been debited.

I just spoke with my account officer now , it was not successful for gtb

apeleone:

I spoke with my account officer yesterday claimed it was successful but till this moment I haven't been debited.

Is it for one year tenor or what tenor ? Mine was one year and I just called her now only for her to tell me it was not successful , I even asked for secondary own but she said it’s not available at the moment ..

Is it for one year tenor or what tenor ? Mine was one year and I just called her now only for her to tell me it was not successful , I even asked for secondary own but she said it’s not available at the moment ..

Yes,it was for a year tenor. I should have used stanbic ibtc.

apeleone:
Is it for one year tenor or what tenor ? Mine was one year and I just called her now only for her to tell me it was not successful , I even asked for secondary own but she said it’s not available at the moment ..

Yes,it was for a year tenor. I should have used stanbic ibtc.

I am not sure it’s successful because she told me straight this morning I have just called my first bank account officer for secondary auction now and he is saying 19 percent for 349 days . Pls is the rate fair enough because I have not done this before

balostica:

I am not sure it’s successful because she told me straight this morning I have just called my first bank account officer for secondary auction now and he is saying 19 percent for 349 days . Pls is the rate fair enough because I have not done this before

19% is not bad

Oops we have a training in finance and trading related financial instruments with simulation- it's anchored by treasurers of banks with hands on experience. You will be trained on how to trade in financial products. If you interested hala

PNomsule:


I appreciate your insight every step of the way...meanwhile, the CFA would be fine although it's a bit more formal, I had wanted something inexpensive and a tad bit novitiate if you get what I mean.

I will be following your inputs on the topic and I trust to glean more from you. Remain blessed 🙌

balostica:

I am not sure it’s successful because she told me straight this morning I have just called my first bank account officer for secondary auction now and he is saying 19 percent for 349 days . Pls is the rate fair enough because I have not done this before

19% is very ok considering the fact that most of their successful in the primary market have stayed around that rate.

Some Unique Features of Norrenberger Dollar Fund (NDF)

1. Accepts Naira Deposit
2. Accepts Cash Deposits in Dollars.
3. Quarterly dividend payment with the option of reinvestment.

Chat with me when you are ready to start or use the attached registration form.

emmasoft:

Some Unique Features of Norrenberger Dollar Fund (NDF)

1. Accepts Naira Deposit
2. Accepts Cash Deposits in Dollars.
3. Quarterly dividend payment with the option of reinvestment.

Chat with me when you are ready to start.

Who owns or rather runs it?

Good morning all. I was informed by GTB that the minimum they accept for TB primary market is not 50m.

Are other banks still accepting lower and did anyone successfully bid below this amount with GTB?

Grupo:


Who owns or rather runs it?

Norrenberger is into
Asset Management
Investment Banking
Pensions
Securities
Insurance
They are five now going to six years in business, they bought over IEI. Kindly read more about the managers and board of directors (owners) from the website.

Thank you my Oga.

freeman67:


19% is very ok considering the fact that most of their successful in the primary market have stayed around that rate.

Secondary market for a year around Thursday was over 24%. Depending on the bank or house you are using

balostica:

I am not sure it’s successful because she told me straight this morning I have just called my first bank account officer for secondary auction now and he is saying 19 percent for 349 days . Pls is the rate fair enough because I have not done this before

You can get up to 24% though secondary market

Odunharry:

Secondary market for a year around Thursday was over 24%. Depending on the bank or house you are using

The secondary market rate you get from banks is very different from what all those apps and other investments houses offers you. With the banks getting anything above 19% is a every serious luck because even the FGN who are the auctioneers have not given more than 20.7 for a while has not given in the Primary Market so getting upto 24% is unrealistic and out of the equation.

Also, with the banks like FBN, you will see the rate clearly stated but with some of those apps especially like Invest, Sewa Run and what have you, what you see there is mostly the yields not rates. With them, their rates will be mostimes far lower than the 19% given by FBN because they will only offer to pay your interest at maturity.

Infact I bank with Standard Chartered where through their bank app you can do everything from checking the availability of rates and investing if you all by yourself if you so desire. I have not seen anything more than 18.3 there recently. Yet their is still better than all those apps that brandish 24%.

With this 19%, if the investor choose to reinvest the interest it will be higher. The pictures attached show what you will get at maturity if you are to invest for example: 5M via I-invest for 362 day at the said 20.4%. If you chose to invest the 5M with First Bank @ 19% with 362 and reinvest the interest to collect it at maturity, the least you be expecting will be about N6,119,736.85 not the N5,991.000 in the screenshot.

freeman67:


The secondary market rate you get from banks is very different from what all those apps and other investments houses offers you. With the banks getting anything above 19% is a every serious luck because even the FGN who are the auctioneers have not given more than 20.7 for a while has not given in the Primary Market so getting upto 24% is unrealistic and out of the equation.



Also, with the banks like FBN, you will see the rate clearly stated but with some of those apps especially like Invest, Sewa Run and what have you, what you see there is mostly the yields not rates. With them, their rates will be mostimes far lower than the 19% given by FBN because they will only offer to pay your interest at maturity.

Infact I bank with Standard Chartered where through their bank app you can do everything from checking the availability of rates and investing if you all by yourself if you so desire. I have not seen anything more than 18.3 there recently. Yet their is still better than all those apps that brandish 24%.

With this 19%, if the investor choose to reinvest the interest it will be higher. The pictures attached show what you will get at maturity if you are to invest for example: 5M via I-invest for 362 day at the said 20.4%. If you chose to invest the 5M with First Bank @ 19% with 362 and reinvest the interest to collect it at maturity, the least you be expecting will be about N6,119,736.85 not the N5,991.000 in the screenshot.

Please which app or platform are these screenshot taken?

WestPB:



Please which app or platform are these screenshot taken?

I-invest.

freeman67:

I-invest.

Alright. Thanks

freeman67:

I-invest.

Just opened an account with them. They have it all. Love it!!

Even GTBank are trying to Woo us . But the interest is low. TB all the way

awesomeJ:


Depends on the tenor.
If it's around 91 days, they'll be expecting to discount your bills at say 19%.
Basically, the going rate plus 1-2% markup.

You may lose part of your principal of you haven't held for long.

If you want more specific analysis, give more info about the investment, we'll run the numbers for you, then you can make an informed decision

ok I did 5million at 15.5% for 352 days with zenith bank

farydah:
ok I did 5million at 15.5% for 352 days with zenith bank

. Please is this treasury bills

tabithababy:
. Please is this treasury bills

yes but secondary market rate

I intend to visit GTbank this week to purchase at the secondary market, is there any particular person I need to speak with when I get there ?


This is my first time