cutiereborn:

Thank you so much for the detailed explanation. I stay in port Harcourt. Will get to another branch today and make proper enquiries.

Zeiya:


Please give us feedback when you go to another branch today.

cutiereborn:
Good morning guys. I have been a silent follower of this thread for a while. Very informative. Kudos to all.
My question, I went first bank to invest since I bank with them and was told the next bid is in 2weeks time. How true is this as the lady Suggested I use fixed deposit instead of allowing the funds to lay idle.
Please when is the next bid and how soon can I approach the bank to invest as the funds is lying idle on my account.
Thanks guys.

Zeiya:


Please give us feedback when you go to another branch today.

cutiereborn:

Thanks to Freeman67 & I amjustme2 .
So I went to their transamadi branch where I was directed to one Chidi. He explained it all to me about the secondary market which takes place everyday with a predetermined rate and primary market Every fortnightly which rate can't be determined until bid date.
Armed with all I read here I asked for secondary market for 90days, he checked the rate to be 14percent and said there was one 98days for 15percent which was what went for.
Thanks guys.

ezeonlinebiz:


Well it's not that bad. I'd have suggested STANBIC. Theirs was 17.5% for 90 days. But it's all good. First Bank is great though.

Investnow2017:
First Bank
Secondary Market TB Rates available as at this evening:
Go for it tomorrow Friday:

350 days Tenor
18.3%

Still available

yomi007k:


U sure I wont open a first bank account.....

Investnow2017:


Not that i was told. My account officer opened his system and i saw it among the ranges. I actually wanted to go for 18.4% for 290 days but the amount left was far less than i have to invest. For the 18.3% for 350 days tenor there is over N200m left as at 3pm! Hence i believe it might still be available tomorrow Friday. Just try, it moves pretty fast though.

Investnow2017:


Not that i was told. My account officer opened his system and i saw it among the ranges. I actually wanted to go for 18.3% for 290 days but the amount left was far less than i have to invest. For the 18.3% for 350 days tenor there is over N200m left as at 3pm! Hence i believe it might still be available tomorrow Friday. Just try, it moves pretty fast though.

OmichaelO:
Kudos to Everyone on this thread

Please I have questions to ask.

1) My mum placed her money in fixed deposit due to bad advise and not being well-informed enough, I told her about Tbills, but I wasn't sure of how it works myself. I'm quite sure I know about 50% of it all now

Question: Can she move her funds from FIXED DEPOSIT to TBILLS before the next auction or can she go for the secondary instead?


considering what @investnow2017 said, about the secondary market, she banks with first bank. if she's quick enough! Can she complete all the process tomorrow ?


what are the pros and cons of secondary market?


can she go all in or divide the funds

some for primary market (auction) taking place soon and soon for secondary?


Thank you all. Anticipating your kind replies.

OmichaelO:
Kudos to Everyone on this thread

Please I have questions to ask.

1) My mum placed her money in fixed deposit due to bad advise and not being well-informed enough, I told her about Tbills, but I wasn't sure of how it works myself. I'm quite sure I know about 50% of it all now

Question: Can she move her funds from FIXED DEPOSIT to TBILLS before the next auction or can she go for the secondary instead?


considering what @investnow2017 said, about the secondary market, she banks with first bank. if she's quick enough! Can she complete all the process tomorrow ?


what are the pros and cons of secondary market?


can she go all in or divide the funds

some for primary market (auction) taking place soon and soon for secondary?


Thank you all. Anticipating your kind replies.

nadico:
You guys are really doing a wonderful job concerning TB. Followed the thread from beginning to the end and learnt all about TB. Went to first bank yesterday and got 18.35 for 357days tenor. Filled the form pronto and was debited within one hour. Asked about certificate, the lady said i should come for it on Monday. My question is when should I expect my interest to be paid.

inze:


. . . Go with the secondary market. Ask for available rate and period and select whichever suits you/your mum.

amjustme2:
For NTB, Its not possible, you must have Nigerian Bank account.

You must have a Nigerian bank account which will be debited and credited.

With that in place, you can invest in NTB from diaspora, remotely, in communication with your account officer.

Investnow2017:


In most branches the traffic of retail customers are always at the end of the month like it might be today. Otherwise breaking your fixed and buying a Treasury Bill shouldnt take you more than an hour at most. Its not a serious matter. Go for the Sec market like you hv bn advised by other kind hearted guys here.

gogedda:
Ecobank which I bank with is really getting on my nerves.. Ever since I bought TB in the secondary market on 19th of June, I am yet to be debited.. Is it always like this.. I have already opened Stanbic account..i have the following questions.

1) I would like to know if the rates are fixed based on the branch of the bank or is it fixed from the headquarters.

2) How soon does Stanbic debit one if one buys from secondary market...

3) Pls can I have investment one website..thanks

chizzy4love:
Hi guys,I just came across this page and find it interesting.
Please I just need to be cleared on something.i read where someone said that if one invest 200 at 18% for 364 days that the person will get about 36k profit.
Please does it mean if I invest like 2.6million for 364 days at 18%,I am likely to get 468k per year?.
Please I need someone to clarify this for me.

RealityShot:

use stanbic IBTC or First Bank.
go for 364 days tenor to get at least 18% interest at the next auction after you apply.

200k should fetch you about 36k yearly at current rates and its a good start!
some started with 100k only.
ride on!

amjustme2:
Exactly

Abi e too small?