₦airaland Forum

turpsy:
This is one of the best thread i have seen on nairaland. Infact I bookmarked it. The only page i visit here. I have learnt alot and still learning here.

feelamong:
Please lets not derail the Thread!!

While its good to diversify just like i have always done sermons on...lets try not to confuse the thread users!

One or two comments on a different investment is cool..when it starts taking several pages is not too cooll anymore!!

PEACE!!!

Partnerbiz3:
I wouldn't deign as to engage in exchange of contumelies with you. I expected a brilliant riposte. I am disappointed, highly disappointed.

NL1960:
You have a point. Let us see the rates from other banks as i do not want to believe that the banks have formed a TB Union so as to be bidding at about the same rate.

Who has the rates for GTB and First Bank?.

onayemi1:
Secondary rate @UBA. 245days for 16%, 133days for 13.9% and 77days for 13.5%

punae:
please experts in the house.. in need of advice... Uba were unable to rollover my investment due to excuses I cannot understand but they are offering 323 days tenor at the secondary market or I should bear with them and wait for the next auction...which of the suggestion is business wise?

kycilae:
Mr i too know. Tbill is for money scheduled to used in future or money not ready to use at the moment. I invested because i want to use it when i graduate from sch.

Alikote:
Thank you so much, you made it simple and understandable. I asked my boss about TB yesterday and he said he won't do it again, that he did 1M for 91 days and all he got was 30 something thousand. I think he is not aware that the 13% was being divided into 4 and the the remaining 3/4 will be given to him after 364 days...THIS IS THE POST I WAS referring too but Nigerians with hostile orientation can not hear other people view

kazzonline:
Unilag MBA full time past questions needed plss,i am not proud oo,i just cant afford the 3k for the past quesrions right now,anyone willing to help,please drop it on my mail
Kazzonline@yahoo.com
Thank you in advance,God bless us all.

bxcode:
Hello guys.. please how good is this Stanbic IBTC mutual funds, I have done some research and the results are quite encouraging, planning to test the waters with a 30days investment of 500k. Any advise or contrary view will be highly appreciated.

zamirikpo:
... In other news....what r the projections for next auctions and even for next year. Because as it is ,we r all in the business called The MONEY MARKET.

Gavrelino123:
You are too modest..... I'm loyal bro......

TONY56:
PLEASE O.
I have said it before that I am not a Guru at all. We are all learning from each other and I honestly don't see anything that qualifies me as a Guru as I have also been learning one thing or the other from so many people on this forum.

And please I don't think I qualify as a Guru when my Ogas like TONY56 et al. are present

Gavrelino123:
gurus please,,,Is Monday late to submit for the Primary Auction for GTBANK...?
Will 364 days be available..?
I need to make a decision now...
Please when is the deadline of submitting my instructions for NTB for the Next Primary Market AUCTION..,
I'M banking with GTBANK....!!!

rationalmind:
If one invests 5m at a true yield of 22% over a span of 27 years, one becomes a billionaire.(Assuming rates remain the same on average. i:e for every corresponding decrease in true yield, there's a corresponding increase)

#Just observing

ijeshaboy:
oga out of 1 m they left 87,000 Amira in my account so calculate it, after deducting close to 500naira.

Topiipii:
I am beginning to see them as crooks; I went to the head office last week and they couldn't get me the available rates, I went the following day with the same outcome. In the end, I had to write a letter telling them to give me something around 91 days tenor at available rate as directed by the person that attended to me.

Winneygirl:
call deposits are for people who do not want to tie down their money for a fixed term. They can choose to terminate at any time. 3days,13 days, in fact, next day.
Any day at all without any penalty to you.
So the banks cannot offer high rates for an unstable investment.
If this was not your intention, then you should re-evaluate your options.
6% is actually really really really good for your call deposit.

Magnifico2000:
So u think it is btter than NTB?

Magnifico2000:
So every 2weeks u will actually receive 12,500. A month will be 25k.. that interest is low mehn...

chukzyfcbb:
I still don't agree with you, The true yield of treasury bills is still above inflation rate, so to the savvy investors even a stop rate of 16.5% is still good because the true yield could be 17%+. And Also, inflation is also dropping gradually, so it will tell on the stop rates overtime.

Now speaking of investors, we don't know the ratio or volume of amount from foreign investors that's in Tbills, if the bond is issued to them at say 7%, they will grab it, because upon any further devaluation of the naira, the foreign investors will gain more should they convert the proceeds to naira.

so its a win-win situation. According to the DMO(Debt management office)
The ratio of Local:Foreign debt is presently at 83:14. The medium to long term strategy is to lower this to the agreed 60:40 ratio.

As for the rates I don't see it going high this year, its time to appease the foreigners so they can bring in enough dollars that our govt will use for election ,lol

The more dollars, the more improved our exchange rate. The less the MPR rates, the cheaper the loans accessible to people.

connect the dots!

chukzyfcbb:
19%? Haha I understand you are Rates hungry but common that's not realistic, haven't you noticed that Tbills has bee dropping gradually?
19% is far-fetched and cannot happen atleast not this year

okochaik:
Thanks bro finally she went to another bank branch and the bid was successful at 17.0%. she was told to return to the bank on Thursday to check if the bid was successful. So finally I did my first TB investment.

A bottle of Guinness that have been very helpful here,. A grateful heart