Thank you

pxjosh:
Good morning people. Is it better to buy T-Bills in bits as the money comes or just allow the money to gather before buying in large quantity?

As money comes, you buy in secondary market and set a determination point where you add it all and hit 364 days at primary market. That way you make every interest available in the market.

T-Bills Yields Drop 0.20% as Cost of Funds Sheds 0.09%
https://www.businesspost.ng/2018/09/01/t-bills-yields-drop-0-20-as-cost-of-funds-sheds-0-09/

This is a wonderful advice

Barrytone:


As money comes, you buy in secondary market and set a determination point where you add it all and hit 364 days at primary market. That way you make every interest available in the market.

moneywoman74:


Yes, same thing was told to me by one of their staff, i am still saving to make up 1m.

so it's true then

Please I have a question.can I buy frm the Secondary market on Monday?? and what are they disadvantage??

Good luck

NobodyKnows:
It is not true. Those staff are terrible liars. Cc Moneywoman74 Moses247

this was sent to u June 12? is change not constant Again?

NobodyKnows:
It is not true. Those staff are terrible liars. Cc Moneywoman74 Moses247

this was sent to u June 12? is change not constant Again?

NobodyKnows:
It is not true. Those staff are terrible liars. Cc Moneywoman74 Moses247

this was sent to u June 12? is change not constant Again?

who even investing 100k in tbills, its better to use that money to start a good profitable bussiness.
tbill are only good for those investing in million, 5-50millions wetin i know self, let me come and be going

Moses247:

this was sent to u June 12? is change not constant Again?

So ,they will now decide to change it from a hundred thousand naira to A million naira
I don’t want to go through the stress of sending them a mail again .
Meanwhile,I don’t have a first bank account .
Good luck with your one million naira minimum .
I’m deleting the post now .
All the best to you

janga:
who even investing 100k in tbills, its better to use that money to start a good profitable bussiness.
tbill are only good for those investing in million, 5-50millions wetin i know self, let me come and be going

Oga, swerve

Abeg someone should guide me on how to purchase t. b via Secondary market, the rate and it disadvantage?

hello, please i am writing a proposal on treasury bills in Nigeria. what are the benefits of a bank having its own treasury bills calculator. someone help me

Oma255:
Those using other banks and crying for lesser rate, what did you guys expect?

If you’ve been following the page, you should know better by now.

If it’s not any of the banks below, forget it.
1st. STANBIC IBTC
2nd. FBN
3rd. GTB

Just my 2 kobo...

i used eco bank for 241 days @ 11.5%

Hmmmmmmm.
Apart from the descerning investors, all others were caught unawares in last Wednesday Treasury Bills Auction.

A lot of banks got their bids but most of them bidded low compared with the stop rates because they could not see the increase coming.
The signs were there but only the descerning investors could see it.

The CBN before the auction indicated that they were going to offer far more than the maturing bills for the 91-day tenor. The maturing amount was about N4billion but CBN offered N24billion while reducing the 182-day tenor and offering the same maturing amount for the 364-day tenor which also indicated that they needed to borrow more from the market than previous auctions but banks that were not skillful enough in Treasury Bills failed to seize that opportunity to increase their bid rate and at the end of the day, they got the low bids they asked for while the discerning ones got close to the stop rates.

That's why it's always better to go with the banks that mostly get their bids close to CBN stop rates like Stambic, First Bank and GTB.

while some banks got their bids through at about 10.8%-11.5%, the descerning ones got theirs at between 12.5 & the stop rate of 13% for the 364-day tenor and some customers who do not understand think that they were short changed

See the attachment below:

TONY56:
Hmmmmmmm.
Apart from the descerning investors, all others were caught unawares in last Wednesday Treasury Bills Auction.

A lot of banks got their bids but most of them bidded low compared with the stop rates because they could not see the increase coming.
The signs were there but only the descerning investors could see it.

The CBN before the auction indicated that they were going to offer far more than the maturing bills for the auction which also indicated that they needed to borrow more from the market but banks that were not skillful enough in Treasury Bills failed to seize that opportunity to increase their bid rate and at the end of the day, they got the low bids they asked for while the discerning ones got close to the stop rates.

That's why it's always better to go with the banks that usually get their bids close to CBN stop rates like Stambic, First Bank and GTB.

while some banks got their bids through at about 10.8%, the descerning ones got theirs at between 12.5 & the stop rate of 13% and some customers who do not understand think that they were short changed

Oga Tony,
I have been humbly waiting for your analysis..
Welcome sir...!!!!!!

Gavrelino123:

I just got debitted GTBANK.....11.6%@ 195 days..
At least it's manageable other than waiting for an unpredictable Bi-week.

I will call my account officer on Monday. If i cannot get above 300 or close to it, i might have to try Stanbic. I also have a Stanbic TB maturing on September 13. School resumption is not leaving me enough room to maneuver.

Gavrelino123:

Oga Tony,
Welcome sir...!!!!!!

Yes sir.
I have always been with you all on the thread but decided to be an observer. A lot of comments and over-repeated questions really pushed me to that status so that I would not offend anyone.

NL1960:


I will call my account officer on Monday. If i cannot get above 300 or close to it, i might have to try Stanbic. I also have a Stanbic TB maturing on September 13. School resumption is not leaving me enough room to maneuver.

It's better you go in person,if you want to get an effective result.
They might decide to tell you anything on phone,but if you are present,the case will be different..!!!

TONY56:


Yes sir.
I have always been with you all on the thread but decided to be an observer. A lot of comments and over-repeated questions really pushed me to that status so that I would not offend anyone.

That's true,thanks.

TONY56:
Hmmmmmmm.
Apart from the descerning investors, all others were caught unawares in last Wednesday Treasury Bills Auction.

A lot of banks got their bids but most of them bidded low compared with the stop rates because they could not see the increase coming.
The signs were there but only the descerning investors could see it.

The CBN before the auction indicated that they were going to offer far more than the maturing bills for the 91-day tenor. The maturing amount was about N4billion but CBN offered N24billion while reducing the 182-day tenor and offering the same maturing amount for the 364-day tenor which also indicated that they needed to borrow more from the market than previous auctions but banks that were not skillful enough in Treasury Bills failed to seize that opportunity to increase their bid rate and at the end of the day, they got the low bids they asked for while the discerning ones got close to the stop rates.

That's why it's always better to go with the banks that mostly get their bids close to CBN stop rates like Stambic, First Bank and GTB.

while some banks got their bids through at about 10.8%-11.5%, the descerning ones got theirs at between 12.5 & the stop rate of 13% for the 364-day tenor and some customers who do not understand think that they were short changed

See the attachment below:

Can you imagine that CBN offered just N33.38billion 2weeks ago and over N200billion last Wednesday.

That was enough for any good, skillful and descerning investor to predict that the stop rates would go up significantly but many of them don't possess skilful market players.

TONY56:




Can you imagine that CBN offered just N33.38billion 2weeks ago and over N200billion last Wednesday.

That was enough for any good, skillful and descerning investor to predict that the stop rates would go up significantly but many of them don't possess skilful market players.

Its seems CBN are really desperate this time...!!!!
I din't have the deep understanding that the rates will spike up despite the signs...!!

Barrytone:



likely 11% which is 110000 then the charges which left you with 109896.45. just ask for your certificate from the bank, then and there it will become clearer

thank u

Gavrelino123:

Its seems CBN are really desperate this time...!!!!
I din't have the deep understanding that the rates will spike up despite the signs...!!

More money for those who can read in between the line. For me another money making season is loading why waiting to sight bonanza at the other side.

Na waooo So no one can guide me on secondary market bidding! I want to know if I can go for d secondary market tomorrow??

Moses247:
Na waooo So no one can guide me on secondary market bidding! I want to know if I can go for d secondary market tomorrow??

Reason nobody is answering is because they have answered same question over and over. Do your self a favour by reading previous pages.
Let's learn to read and not to be spoon fed. Everything about TBills have been discussed here previously. Thanks

Moses247:
Na waooo So no one can guide me on secondary market bidding! I want to know if I can go for d secondary market tomorrow??

Lazy youth........

Sorry .....nah joke I dey.

Barrytone:


Reason nobody is answering is because they have answered same question over and over. Do your self a favour by reading previous pages.
Let's learn to read and not to be spoon fed. Everything about TBills have been discussed here previously. Thanks

Na God go bless you.
Anyone that is finding it so difficult to go through a few pages should go make enquiries from his or her bank .
That guy you quoted especially.
I was giving a response to one of his questions the other time. With evidence.
And dude was still saying another thing .
Mtchww

Barrytone:


Reason nobody is answering is because they have answered same question over and over. Do your self a favour by reading previous pages.
Let's learn to read and not to be spoon fed. Everything about TBills have been discussed here previously. Thanks

Oga this thread has over 550pages.....where do I start frm?? d time u used in replying me is the same time u would have used to solve the equation. wisdom is profitable Mr reader.

NobodyKnows:
Na God go bless you.
Anyone that is finding it so difficult to go through a few pages should go make enquiries from his or her bank .
That guy you quoted especially.
I was giving a response to one of his questions the other time. With evidence.
And dude was still saying another thing .
Mtchww

park well Mr man. someone here also attest to the fact he was told the least amount for Tb is 1m in first bank .....so what are u now trying to prove like u are rite, others don't??