Toya_tc: Hello people,
Please who knows the next deal date for the month of August?
Urgent response will be highly appreciated.

Thanks all.

Donvitalis: Hey guys,please can someone enlighten me more on this Treasury Bills? How do i place my bids and get my interest?

fsb: Hello house, has anyone been debited for last week's treasury bills auction yet?

coderXO: For T-Bill auction result rates, check http://fmda.com.ng/

9free:
Current rates are at 11.6%, 12.75%, 13.3381% for 91days, 182 days and 360days respectively...
Happy Investing

Donvitalis: Bro, these rates yu listed can be used to calculate your interest right?

RichYoungRuler: Hi Bosses, I just noticed my tenor was reduced to 85days instead of 91. I suspect they took the weekend n the last holidays out. im thinking of writing the bank and telling them I think its not right but I want to find out if anyone observed same or if that's the way its done. Regards.

Elai147:

Yes First bank will accept 250k. I do not use FCMB. For First bank, the only disadvantage is that they only offer 91 days T-bills and usually debit your account with the face value of the bill which means you will have to wait for them to credit you with the interest after the purchase. Also, I don't think you can specify your preferred bid rate with First bank (they give you at their best market bidding rate). So you may want to check with FCMB and if they don't have these disadvantages then you can go with FCMB.

fsb: I don tire for GTB. I left my town to travel to another town to find out about how they can buy treasury bills on my behalf from the primary market and after spending about 1 hour being tossed up and down the guy I meet tells me they have not done any treasury bills transactions recently so he doesn't know much about it but that it is common in lagos.

Which kain thing be this?

Elai147:



@Tassembly thanks for the info.

The thing is, First bank sells to you from their holdings. This is the reason why they can perform roll over of your investment for you even on a non-auction day and also the reason why they don't allow you to specify bid rate. Meanwhile, if you go with their bid rate, you are most likely going to be successful because they will give you at a reduced rate (lower than the stop rate) and of course, lower than the bid price at which they bought from the auction market... This is my opinion.

What makes your bid to be unsuccessful is when you bid too high (higher than CBN stop rate).

Seun: Any auction this week?

Seun: When is the next one?

denicegq86: I would really love to be involved in this business as i am an investor but please is there some one residing in lagos state that could please put me through i really want to learn this

jp philips: Treasury bill is not a business, it is a savings instrument, the income is just a little above the inflation rate which means that your savings are not devalued over time,it is not worth using as a career, there are loads of gud stuffs to invest your money on out there.

Toya_tc: @Elai147
This is not a good news at all ooo. I was hoping for that 11.5%. I am yet to hear from my bank, i hope they did my bidding.

Elai147:

I was hoping for the same rate too o... Well let's wait for news on the complete stop rate. Let us know if you have any news from your bank.

Toya_tc: Unfortunately, my bank said that my bid was not successful. They just dey dull my style. I hope it pulls through duirng next auction. @feelamong abeg when be the next auction?

Toya_tc: Unfortunately, my bank said that my bid was not successful. They just dey dull my style. I hope it pulls through duirng next auction. @feelamong abeg when be the next auction?

feelamong:

No mind dem bankers!Hope u have asked them to place the funds on call!

next Auction is 3rd Sept....Try to fast and pray wella O!

Chomzy19: Hi @All

I'm a Novice in this n I want to b sure hw ur interest are calculated, when dy say d rate is 11%, is it 11% of d total cash u invested that is ur interest or is it calculated by way of Common Interes I.e PRT