Tb as today,91 days is 9.5% for gtb,very terrible experience,others can share today tb

oliverdon:
Tb as today,91 days is 9.5% for gtb,very terrible experience,others can share today tb

This is surprising...Secondary market rates are rising, for example, Stanbic's rates today were: 49days @12.7%, 175days @12.8% and 259days @12.25%: https://comparedbest.com/ng/stanbic-ibtc-bank-nigeria.html . And the same trend in other banks: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

abbey621:


Insurance policy is not regulatory compliance. Insurance policy is dependent on the insured paying their monthly or yearly premiums and not doing anything to violate the terms of the policy. In short, you're still at the mercy of Farmcrowdy and so on. The reason banks comply with FDIC is because it is a regulatory requirement enforceable by the government, insurance policy is a private transfer of risk, nothing more!

Chai! See schooling. . .

Ibk2020:
pls I need answer

Not sure what the latest primary rates are for this week's auction. But, secondary market rates are rising. Stanbic currently has the best rates we have seen including 12.8% for 175days tbills. We rank tbills rates for various commercial banks on this page: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html.

enque:
Secondary rates vary per bank unlike primary rates, so if u need to do a comparism U may need to visit as many banks to get their secondary rates.

We try to do this comparism on this page: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html . Secondary rates for today include Stanbic IBTCs 12.8% for 75 days. Yesterday, Zenith had 12% for 344 days.

Right time to invest?

Secondary market rates across commercial banks have risen in the last few days. Some rates we have seen:

https://comparedbest.com/ng/stanbic-ibtc-bank-nigeria.html
Stanbic IBTC (today) 12.8% for 175 days
Stanbic IBTC (today) 12.7% for 49 days
Stanbic IBTC (today) 12.25% for 259 days

https://comparedbest.com/ng/zenith-bank-nigeria.html
Zenith (yesterday) 12% for 344 days

More commercial banks tbills rates ranked top-to-bottom: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

Even Fixed Deposits are looking up...Ecobank has rates starting from 10.25% for less than a million Naira: https://comparedbest.com/ng/ecobank-nigeria.html .


Or wait for even more rate rises? What do you think...

CompareDBest:
This is surprising...Secondary market rates are rising, for example, Stanbic's rates today were: 49days @12.7%, 175days @12.8% and 259days @12.25%: https://comparedbest.com/ng/stanbic-ibtc-bank-nigeria.html . And the same trend in other banks: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

Is there TBill rate for 1 year from Stanbic IBTC?

please, is it adviceable to invest in TBill for longer days( say 365 days). is there any risk involved? I am a newbie here. Want to invest for the first time. Advice from my seniors will guide me a lot. thanks.

pxjosh:
No I haven't. I went to a Branch today to make a complaint and I was told that the investment has been terminated and the money has been released but it's not in my account yet. Weird stuff. They said they have to contact the Branch where I made the investment to have them release my money to me.

Which kind play be this?
Make dem no try nonsense o.

mimini:
please, is it adviceable to invest in TBill for longer days( say 365 days). is there any risk involved? I am a newbie here. Want to invest for the first time. Advice from my seniors will guide me a lot. thanks.

99% secured.

These banks don't have calculators on their apps and websites.
How do I calculate the returns on my investment based on the rates offered?
Don't tell me its the value multiplied by the percentage rate then divided by 12 months.
I don't see how this pays off.

CompareDBest:
Right time to invest?

Secondary market rates across commercial banks have risen in the last few days. Some rates we have seen:

https://comparedbest.com/ng/stanbic-ibtc-bank-nigeria.html
Stanbic IBTC (today) 12.8% for 175 days
Stanbic IBTC (today) 12.7% for 49 days
Stanbic IBTC (today) 12.25% for 259 days

https://comparedbest.com/ng/zenith-bank-nigeria.html
Zenith (yesterday) 12% for 344 days

More commercial banks tbills rates ranked top-to-bottom: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

Even Fixed Deposits are looking up...Ecobank has rates starting from 10.25% for less than a million Naira: https://comparedbest.com/ng/ecobank-nigeria.html .


Or wait for even more rate rises? What do you think...

One-Year T-Bills Rate Clears at 12.88% at CBN's N150bn OMO Auction
https://businesspost.ng/2019/08/16/one-year-t-bills-rate-clears-at-12-88-at-cbns-n150bn-omo-auction/

mimini:
please, is it adviceable to invest in TBill for longer days( say 365 days). is there any risk involved? I am a newbie here. Want to invest for the first time. Advice from my seniors will guide me a lot. thanks.

If you don't have any immediate use for the money then 365 is the best as it usually offers the highest rate (as at the time of investing)

There is no risk

CompareDBest:
Not sure what the latest primary rates are for this week's auction. But, secondary market rates are rising. Stanbic currently has the best rates we have seen including 12.8% for 175days tbills. We rank tbills rates for various commercial banks on this page: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html.

I've always wondered how and why secondary rates will be higher than the primary one offered by CBN. I assume banks buy from CBN and then resell. So don't they make their profit?

alezzy13:


I've always wondered how and why secondary rates will be higher than the primary one offered by CBN. I assume banks buy from CBN and then resell. So don't they make their profit?

Those secondary rates higher than the current primary rates are mostly from tbills bought some months back not from the just concluded CBN rates.

bfn1:


You can invest with that amount at Stanbic. Same for First Bank.

thanks ,am trying to revive my account already

alezzy13:


If you don't have any immediate use for the money then 365 is the best as it usually offers the highest rate (as at the time of investing)

There is no risk

there's minimal risk

oliverdon:
Tb as today,91 days is 9.5% for gtb,very terrible experience,others can share today tb

Pls, do u get to know of the rates without investing in d first place?

yesterday - zenith bank primary 10.50 for 182 days
today - stanbic bank secondary 13 for 195 days.

I loss 100k as profit to yesterday primary, I should have go with secondary

Acidosis:


Why are you so worried about the 'side talks' and what evidence do you have to prove we are marketers or owners of the so called tech and agric stuff?

We have all derailed this thread in one way or the other, and somehow we have never lost focus on the core purpose of the thread. You as an individual talked about Bond and Canadian visa on this thread and no one called you out with funny names.

As per tech and agric stuff, a thread has already been created. You're free to hate on the current wave, but don't at any time hate information sharing, because you are a beneficiary of what people shared on this thread.

Na them.

mimini:

Is there TBill rate for 1 year from Stanbic IBTC?

Not yesterday. The longest tenure we saw was 259 days. The best, most recent rates for tenures close to 364 days we have seen were from Zenith (12% for 344 days on 14th Aug) and Wema (10.7% for 349 days today).

Afeezoladapo:

Pls, do u get to know of the rates without investing in d first place?

Yes, you can find out the rates the bank will bid for in the Primary market and the rates before you invest in the Secondary market. What you don't know in advance is if your primary bid will be successful (equal or lower than the CBN marginal/stop rate), or not.

alezzy13:


If you don't have any immediate use for the money then 365 is the best as it usually offers the highest rate (as at the time of investing)

There is no risk

Thank you. is it possible that after investing this month, I can invest another month in same bank before the first investment matures?

mimini:


Thank you. is it possible that after investing this month, I can invest another month in same bank before the first investment matures?

Yes

mimini:


Thank you. is it possible that after investing this month, I can invest another month in same bank before the first investment matures?

You can even invest the day after or the day after after or the day after after after or the day after ......

Bamz:


there's minimal risk

Ah! Indeed!

OgogoroFreak:
Those secondary rates higher than the current primary rates are mostly from tbills bought some months back not from the just concluded CBN rates.

I see. Thanks. And indeed the rates were a lot higher earlier in the year than the current.

Please I do not understand these banks. I went to Zenith and was told only 1 million upwards. Also at Stanbic IBTC, was told secondary has ended. Only primary is on. But I thought the rates been display was on the 15th. So why are they saying secondary has ended. And why will Zenith say only a million naira upwards can invest?

mimini:
Please I do not understand these banks. I went to Zenith and was told only 1 million upwards. Also at Stanbic IBTC, was told secondary has ended. Only primary is on. But I thought the rates been display was on the 15th. So why are they saying secondary has ended. And why will Zenith say only a million naira upwards can invest?

I had to open GTB because Zenith is a million upwards. Also their rates are shitty so that was another reason

.

CompareDBest:
Yes, you can find out the rates the bank will bid for in the Primary market and the rates before you invest in the Secondary market. What you don't know in advance is if your primary bid will be successful (equal or lower than the CBN marginal/stop rate), or not.

Thanks!
If I want to know d rates, am I to walk to d bank or there is an online platform where I can get that?

Prolly you got to the bank later than 3pm for Second Market.

As for limit, some banks set their own minimum. Some 100k, others 200k. Don't know about Zenith's

mimini:
Please I do not understand these banks. I went to Zenith and was told only 1 million upwards. Also at Stanbic IBTC, was told secondary has ended. Only primary is on. But I thought the rates been display was on the 15th. So why are they saying secondary has ended. And why will Zenith say only a million naira upwards can invest?