I guess you are not concerned about the Banks keeping your profits, if your capital is up to N10m, you have practically lost N100k+ due to the failed two primary market bids, N100k or even it's N50k is a lot of money considering the fact that it's a loss by avoidable negligence.

the question now, what is your long term financial plan. Would you need the cash at any point this year or willing to go long term.

Bluecollarguy:
After two unsuccessful primary market Tbill transactions within the last month with GTBank, due to over-subscription and low stop rate, the voice in my head tells me to take a break and NOT trade next week(March 27)...that I should wait and observe the market rate for a little while as opposed to engaging in unsuccessful trades.

Fellas in the house, what do you think? Am I the only one feeling this way? Although I have millions sitting in my savings account, but my attempt to invest it in Tbill has been abortive as of late. What should I do? Your opinion is appreciated!

Pascopele:
Keep reading, start small (50k) and re-invest your interest and capital(50k plus interest accrued) in no time you will no longer need money from your parents and some people will think you are into money rituals

Thanks

TotoNaRubber:
I guess you are not concerned about the Banks keeping your profits, if your capital is up to N10m, you have practically lost N100k+ due to the failed two primary market bids, N100k or even it's N50k is a lot of money considering the fact that it's a loss by avoidable negligence.

the question now, what is your long term financial plan. Would you need the cash at any point this year or willing to go long term.

I willingly traded in the last two auctions, but they were unsuccessful. As the next auction surfaces, it's hard for one to truly ascertain its outcome relative to the last two outcomes. I am willing to try again next week, but 3 failed Tbill transactions would be quite discouraging. Fingers crossed...

Bluecollarguy:


I willingly traded in the last two auctions, but they were unsuccessful. As the next auction surfaces, it's hard for one to truly ascertain its outcome relative to the last two outcomes. I am willing to try again next week, but 3 failed Tbill transactions would be quite discouraging. Fingers crossed...

But why don't you consider the secondary market bros? Ever since I learnt about tbills last year, I never keep any amount more than 100k in my savings account for max 3days. The money will just be lazy in there. For me now I run both tbills and mmfs. I cant just leave money idle again. Try Secondary market, calculate what you will gain in 7days in sec market can make up for any difference BTW pry and sec mkts rates. My opinion sha.

Please anyone with today's primary market rates?

Please anyone here has dollars for sale in USA ?

eddyakinrinde:


But why don't you consider the secondary market bros? Ever since I learnt about tbills last year, I never keep any amount more than 100k in my savings account for max 3days. The money will just be lazy in there. For me now I run both tbills and mmfs. I cant just leave money idle again. Try Secondary market, calculate what you will gain in 7days in sec market can make up for any difference BTW pry and sec mkts rates. My opinion sha.

I once tried requesting for the tbill form to trade in the secondary market but the reply from my account officer(about me being at the physical location) was quite ambiguous, especially for someone who doesn't live in Nigeria. Out of curiosity, is it possible for someone living abroad to engage in secondary market? If yes, how does one go about it? Thanks in advance!

Bluecollarguy:
After two unsuccessful primary market Tbill transactions within the last month with GTBank, due to over-subscription and low stop rate, the voice in my head tells me to take a break and NOT trade next week(March 27)...that I should wait and observe the market rate for a little while as opposed to engaging in unsuccessful trades.

Fellas in the house, what do you think? Am I the only one feeling this way? Although I have millions sitting in my savings account, but my attempt to invest it in Tbill has been abortive as of late. What should I do? Your opinion is appreciated!

Why not subscribe to the lowest tenure possible from secondary market? I think that's the best way to wait and monitor the market cos the more you wait, the more you are losing money.

OgogoroFreak:
Why not subscribe to the lowest tenure possible from secondary market? I think that's the best way to wait and monitor the market cos the more you wait, the more you are losing money.

I appreciate your input, please see my aforementioned reply.

Bluecollarguy:


I willingly traded in the last two auctions, but they were unsuccessful. As the next auction surfaces, it's hard for one to truly ascertain its outcome relative to the last two outcomes. I am willing to try again next week, but 3 failed Tbill transactions would be quite discouraging. Fingers crossed...

It appears you're expecting an auction for next week.

There's been an auction today 20th and the next one will hold on 3rd April.

awesomeJ:

It appears you're expecting an auction for next week.

There's been an auction today 20th and the next one will hold on 3rd April.

Thought last auction was 13,:so next should be 27

TREASURY BILLS AUCTION 20/03/2019

91 DAYS ----10.30%

182 DAYS ------12.20%

364 DAYS ------12.34%

These rates are really not looking good any more o

Primary market 364 days at 12.3% ? what a great fall.

I remember when you mentioned the time to lock in at 15%, secondary market rates will drop drastically from tomorrow.

feelamong:
TREASURY BILLS AUCTION 20/03/2019

91 DAYS ----10.30%

182 DAYS ------12.20%

364 DAYS ------12.34%

These rates are really not looking good any more o

awesomeJ:

It appears you're expecting an auction for next week.

There's been an auction today 20th and the next one will hold on 3rd April.

Not 2 weeks interval again? I have marked Mar 26 to submit my form. Why this sudden change of calendar?

Francisvis:
Please anyone here has dollars for sale in USA ?

I subscribe to this, I need to move money across to USA from naija. Can we trade, pay your local account while you pay to a foreign account. Thanks

Phyde:

Not 2 weeks interval again? I have marked Mar 26 to submit my form. Why this sudden change of calendar?

It's been confirmed.. Next primary market auction holds on April 3.

Francisvis:
Please anyone here has dollars for sale in USA ?

Barrytone:


I subscribe to this, I need to move money across to USA from naija. Can we trade, pay your local account while you pay to a foreign account. Thanks

While you could go into any office of burea d change / or those inside the bank / even ur acct officer can get one for u inside the bank .

U choose to come online to buy foreign exchange from one of the most corrupt people / country in the world .

Dat is not a smart decision.

Very easy to be defrauded even with stolen money or whatever , .

To Avoid stories that touches d soul in the future. ..

Follow ur heart But

Be careful.

Be careful.

Be careful.

when dealing with nigerians . talkless of the onces u meet from internet .

THE CHOICE IS URS. PEACE

feelamong:
TREASURY BILLS AUCTION 20/03/2019

91 DAYS ----10.30%

182 DAYS ------12.20%

364 DAYS ------12.34%

These rates are really not looking good any more o

U re right ..Rates not looking good at all..Sec mkt may be going lower than these rates/ tenors

Bluecollarguy:


S(he) is wrong, don't be alarmed! Next primary market auction holds next Wednesday March 27.

Ok, thanks

Bluecollarguy:


I once tried requesting for the tbill form to trade in the secondary market but the reply from my account officer(about me being at the physical location) was quite ambiguous, especially for someone who doesn't live in Nigeria. Out of curiosity, is it possible for someone living abroad to engage in secondary market? If yes, how does one go about it? Thanks in advance!

Let them know you've rang the head office...lol Request for a form fill and sign it tick secondary market. Scan it and send it back via email, do the follow up on the phone.

There is no primary auction on 27 March. Next one is 3 April.

Phyde:

Ok, thanks

Ntb schedule

tritritri:






While you could go into any office of burea d change / or those inside the bank / even ur acct officer can get one for u inside the bank .

U choose to come online to buy foreign exchange from one of the most corrupt people / country in the world .

Dat is not a smart decision.

Very easy to be defrauded even with stolen money or whatever , .

To Avoid stories that touches d soul in the future. ..

Follow ur heart But

Be careful.

Be careful.

Be careful.

when dealing with nigerians . talkless of the onces u meet from internet .

THE CHOICE IS URS. PEACE

Thanks boss, very unlike me. I appreciate.

364 days tenor seems to be a dead end at the moment, time to reduce tenor. Please, when exactly is the next auction? Some said next week 27th, while some said in two weeks time, 3rd April.

Donbrig:
364 days tenor seems to be a dead end at the moment, time to reduce tenor. Please, when exactly is the next auction? Some said next week 27th, while some said in two weeks time, 3rd April.

Oga forgot what people said. Look at the calendar someone posted above

jamih:

Thought last auction was 13,:so next should be 27

Phyde:

Not 2 weeks interval again? I have marked Mar 26 to submit my form. Why this sudden change of calendar?

We just started a new T-bills quarter Q3'19.

First two auctions every quarter are held on successive Wednesdays (one week interval).

Bluecollarguy:


S(he) is wrong, don't be alarmed! Next primary market auction holds next Wednesday March 27.

So you know better than the CBN?

Don't always be in a hurry to discredit info you're not sure about.

Phyde:

Ok, thanks

It's no thanks. Next primary market auction holds 3rd April.

Bluecollarguy:


I willingly traded in the last two auctions, but they were unsuccessful. As the next auction surfaces, it's hard for one to truly ascertain its outcome relative to the last two outcomes. I am willing to try again next week, but 3 failed Tbill transactions would be quite discouraging. Fingers crossed...

Try the secondary market with GTB. Their 90 days is around 10.65%

Francisvis:
Please anyone here has dollars for sale in USA ?

Dollar for sale available through Skrill or Neteller account

luvly4luv:


Dollar for sale available through Skrill or Neteller account

whats your quantity and rate ?

awesomeJ:


So you know better than the CBN?

Don't always be in a hurry to discredit info you're not sure about.

It's been confirmed...my bad!