Good day sir, this is to notify you that all 182 and 365 days Treasury bill investment failed. From first bank

GTB said 365days bill failed. I just got into the secondary market at 11% for 182 days. Not too bad but subsequently I will move away from GTB. So if u will like to enter the secondary market, just call your account officer and instruct him to allow u enter the secondary market. Am sure the 1.77% reduction is for their personal gain. But 11% is not so bad to start with it.

Please house, am a newbie here and someone should help me with the formulae to calculate my returns on Tb if I want to invest. Thanks

If u wanted to invest 460k on 11% rate for 144days, what will be my ROI?

deff2:
If u wanted to invest 460k on 11% rate for 144days, what will be my ROI?

11/100 x 460, 000 = 50,600

50600/ 365 = 138.63

138.630137 x 144 = 19,962.7

Adinije:


11/100 x 460, 000 = 50,600

50600/ 365 = 138.63

138.630137 x 144 = 19,962.7

Rakiticbarca:

U too dey reach here?

Adinije:
U too dey reach here?

na your calculation carry me come here o

yemkaf:


Kindly share the rate with us here for the two tenure when you eventually know it, I am presently contemplating on which bank to choose amongst Stanbic, First bank and GTB.

GTB rate for 182 days is 11.5

Zenith bank just debited me for 182 days at 10.8%. My account officer had informed prior to initiating the transaction that rate the week is 12.4%. 10.8% for 182 days is not encouraging.

Controlv:
Zenith bank just debited me for 182 days at 10.8%. My account officer had informed prior to initiating the transaction that rate the week is 12.4%. 10.8% for 182 days is not encouraging.

Did your account officer say rate of 12.4% was for 182 or 364?. The rates are not really known prior to the auction. It is only after the auction that the rates are known but account officers can try to extrapolate based on the last rate but it is not cast in stone.

oluayebenz:


GTB rate for 182 days is 11.5

Thanks man, I think this GTB is worth going with. Pls do we have any other bank that have the same or better rate for the same tenor of recent, if there is playing do let me know

yemkaf:

Thanks man, I think this GTB is worth going with. Pls do we have any other bank that have the same or better rate for the same tenor of recent, if there is playing do let me know

access bank is better

Adinije:


11/100 x 460, 000 = 50,600

50600/ 365 = 138.63

138.630137 x 144 = 19,962.7

thanks baba

deff2:
access bank is better

OK, please may I know their most recent rate for 90 and 182 days respectfully

NL1960:


Did your account officer say rate of 12.4% was for 182 or 364?. The rates are not really known prior to the auction. It is only after the auction that the rates are known but account officers can try to extrapolate based on the last rate but it is not cast in stone.

182 days

yvonne001:


Please I would like to know how you can invest from the comfort of your house with GTB.Also can this comfort of transaction also be achieved with Secondary TB?

Contact your account officer and send a signed instruction for the investment.

yemkaf:


Kindly share the rate with us here for the two tenure when you eventually know it, I am presently contemplating on which bank to choose amongst Stanbic, First bank and GTB.

Gtb 91 days was 10%

Am yet to hear from stanbic.....anyone with any news.

Am ready to pull my money if it fails this time cos it will make it the 3rd time in 2months.

This looks like a deliberate plot.

zamirikpo:
Am yet to hear from stanbic.....anyone with any news.

Am ready to pull my money if it fails this time cos it will make it the 3rd time in 2months.

This looks like a deliberate plot.

Stanbic is failing too? I thought their bid never fails o.

seyi0802:
GTB said 365days bill failed. I just got into the secondary market at 11% for 182 days. Not too bad but subsequently I will move away from GTB. So if u will like to enter the secondary market, just call your account officer and instruct him to allow u enter the secondary market. Am sure the 1.77% reduction is for their personal gain. But 11% is not so bad to start with it.

have you been debited for secondary market rate?

Is there anyone still bidding with Standard Chartered Bank? Their rates were almost always below 0.01 of the CBN closing rates those days.

arena07:
have you been debited for secondary market rate?

Not yet.

Not yet debited for 364 dys Gtb pry Auction
Think the bid failed

Got an alert now for 349days @ 11 % ..Not too good and I think that should be a secondary auction which I neva instructed them

I taya for the way these pple dey behave

lancee:
Not yet debited for 364 dys Gtb pry Auction
Think the bid failed

Got an alert now for 349days @ 11 % ..Not too good and I think that should be a secondary auction which I neva instructed them

I taya for the way these pple dey behave

Omo rate are failing oh

seyi0802:


Not yet.

I have been debited for 181days... I think the banks are making business from this. Purchasing from Primary market and sellling to us at a reduced secondary market rate. Also the custodian fee is like a reap off. I will visit the bank on Monday to know the % or how custodian fee was calculated.

All Nigerian banks are fraudulent in nature. Still sharing from the small 12% per annum.

seyi0802:


I have been debited for 181days... I think the banks are making business from this. Purchasing from Primary market and sellling to us at a reduced secondary market rate. Also the custodian fee is like a reap off. I will visit the bank on Monday to know the % or how custodian fee was calculated.

All Nigerian banks are fraudulent in nature. Still sharing from the small 12% per annum.

thar is what you use to bribe them, so as to allow you get Tbills with less than N50 million investment

seyi0802:


I have been debited for 181days... I think the banks are making business from this. Purchasing from Primary market and sellling to us at a reduced secondary market rate. Also the custodian fee is like a reap off. I will visit the bank on Monday to know the % or how custodian fee was calculated.

All Nigerian banks are fraudulent in nature. Still sharing from the small 12% per annum.

It is not a reap off. It is the price you pay for not having the required N50m needed to bid in the primary market. If you are buying cups of rice because you do not have the required money for a bag of rice, will you say the cup of rice seller is reaping you off?.

NL1960:


It is not a reap off. It is the price you pay for not having the required N50m needed to bid in the primary market. If you are buying cups of rice because you do not have the required money for a bag of rice, will you say the cup of rice seller is reaping you off?.

Correct!

contact me for all your Dubai visas. 1month 3months 2years Phone: 07060657335

I still do tbills with them, you can always negotiate with them with your own rate if you are a priority customer.

Etfash:
Is there anyone still bidding with Standard Chartered Bank? Their rates were almost always below 0.01 of the CBN closing rates those days.

Since March 2019, investors are often advised to bid short term in primary market, 91 or 182 days in t-bills. CBN is using short term to offset our huge local debt, a very brilliant strategy from Emefiele. A bank manager once told me that most 364 days bid in t-bills in 2019 won't be successful, but hopefully things might improve in 2020.