₦airaland Forum

Check the date of next bid and then write an instruction to your bank stating your preferred bids for 364days bills........And check the result online for result of your bid.........Very simple!...Dont accept such meagre rates for 360days even from secondary market........Is too low.......

mikanju:
Please I don't understand where you guys get those rate from cos I went to first bank today and was given 10.5% on 2 million for 360 days which I refused,I went to fidelity as well and was offered 11% for 360 days from the primary market,I went UBA and was told its 11% too.So please where do you get your rates from cos I really need to invest my funds pls and I need a good returns.When I told them what I read online and even showed them,they said its not true.Am so confused right now!

I think you should complain because such conduct is unethical........Meanwhile have you @all heard about the plane crash in Southern France......Such a pity that 142 passengers and 6 crews had to die helplessly........May God grant their soul eternal peace.......Check the link below and give a serious complain and you should also mention the name of the officer............

http://www.gtbank.com/whistle-blowerr

Chillis:
Thanks.

Is there a body one can write to for such misconduct.
Clearly they don't give people their primary bids but go through the secondary option.

Even after collecting the tax and other deductions.

Seems like they manipulated your bid.......Maybe you had a successful bid and they decided to ration down your rate.........But next time stipulate clearly your bidding terms and tell them to acknowledge the receipt of your instruction so that there will no excuse after the primary bidding process.....Always submit your bid few days before the auction..........Also let them know that you will be checking the bid result on your own,as in let them know you are fully aware of the whole process.........

Chillis:
Thanks.

How did you get to bid for yourself. After the mails sent to some account officers, they said I could put in my bid which I did. They make it look like primary bid only to give you from their secondary market.
Gtbank
It's all good. That's the price I pay for now.

Yes.....That must be secondary market price but not bad............

Chillis:
Pls I need to know if there is anything like 360days in the primary market.

Got 15% from gtbank for supposed 365days only to see 360days in the alert.

I'm guessing it's their secondary market that was sold to me. Might be wrong though

Don't be ignorant.........America is the second largest producers of oil and still they consume a lot......But mind you they still buy oil from some countries and they have since isolated Nigerian oil which seems more like a political move........So many experts have questioned why the hurry since they still buy oil from some countries...............They still buy from Saudi arabia,kuwait and few other countries...........Check this brief article for more clarity........


http://allafrica.com/stories/201412220407.html

EbolaParasite:
Are you on earth? America buy our oil? Where will they put it? America that has since cut their patronage of our oil. Our oil dont mean shit no more. America is producing more than enough oil nowadays. Why do you think oil price is falling? Oversupply. Naija oil dont mean shit to nobody no more. We lost the american dollars 2 years ago son

The message is simple.........If you want us to buy your oil then vote out this present government and if you don't say goodbye to American dollars......His message is not a joke and it seems they know a lot that we don't know about GEJ government........This election will be dramatic for Nigeria........

I don't know about others but Access will usually fall down to that level before election and it will rise again....................

Born2berich:
With the sharp practice that happened on Monday, I doubt if they will allow it to fall down to that price again. However, nothing is impossible.

I will like Access to come to 4.50k so that I can start my JIJO experimentation from there.........Is one stock that always go up and down within short period.................

Below is the auction result.......

T/BILLS: PRIMARY (19/03/15)
91 Days:10.7900
182 Days:14.7000
364 Days:15.350

I got 15.20 for 364days..........I hope you got a good offer too.......

Yeah........Its all good and thank you for your contribution......

ernie4life:
just like predicted 15.4% would have being lost since it closed at 15.3% that means 15.2 % was a nice bid

4.90?Haba!............It won't come to that...........

Born2berich:
These are good entry points especially for FBNH if it comes true. i am always waiting at my usual junction with my sharpened cutlass.

You should put .something......1 or .2 is an addition for your money..........

princeuk21:
am in the bank and about to go for 15% for 364

Very funny..........I just sent my instruction now and since I didn't hear any contrary opinion I decided to bid at 15.2% just to be on the safe side......Surprise that you propose the same rate........It means the bid will succeed.....lol........

ernie4life:
15.2% my opinion, the market is closing in due to elections

Next auction is Wednesday.......I am thinking of bidding at 15.5% for 364days T.Bills......................Any opinion?.............

This Access Bank result get as e be...........With their level and all the money they are charging their customers,they still declare below 1.00Naira dividend..........How are we even sure they are not manipulating the result just to shortchange the shareholders?..........

Next auction will be on the 18th of March..............

When is the next auction?

The funniest thing is bank will invest FD principal amount in Treasury Bills............Pre-crisis era a lot of people fell for that but now everyone knows better and i don't need anyone to tell me what to do.......The good thing about Treasury Bills especially for Nigerians abroad is that you can fund all local expenses from the pre-paid interest without spending from your wallet......Its very good investment..........

coderXO:
Oga, I'm sure you miscalculated. No bank will have rolled you over 4 times for a 40% p.a on your N5m.

No chance. ZERO!

You should know this is the usual way of forcing blessings on someone who is not blessed......You will have to use Epe but that doesn't mean he won't get the positive result..........They can't bless him through the normal way because it won't work as the man might have committed a lot of atrocities unknown to ordinary human being.....So they are cursing him just to bless him by force..........

I just received alert for my other bills which mature today.............I hope this bank will allow me to bid for 364days also like my other bank........They are more sincere...............

Lets wait..............

lancee:
I doubt it , well its possible ... lets wait for that day

I believe it will be 1.00k or a little more.........It won't be less than 1.00k...........

lancee:
Hmm 60K won't be good , well man go manage am

I don't think so........Its fixed but maybe some brief info might come out but 28th has been marked on their financial calendar...............

myjoy08:
Their result might be released earlier before that date stated...!

This year will be the 5th that FBNH is formed.......I mean FBN as a holding company and its important to the management that they declare good dividend so as to allow pension funds in Nigeria to buy their stock as they are barred by law since FBNH is seen a new company on nose...........I think something good is coming them..........

presiade:
One thing is to make profit, it's another thing to be willing to declare juicy dividend; they may want to reserve a large portion of the EPS.

I have followed some of their press releases and it hints towards a better dividend...........I believe that good news will come from FBN and negative analysis won't affect them........They made some positive stride last year and I don't think their exposure to oil and gas will cripple their profit...........28th is around the corner.......

myjoy08:
First Bank will not be underestimated in terms of what they paid last year. They might pay a little bit more of what they paid last year...or equivalent to last year if one can only ignore all these negative sentiment. Plz don't quote me...

I think they will pay 1.00K or a little more............Dont judge with the share price...........Business is not bad for First Bank,so lets be hopeful........They will announce their result on the 28th of this month...........

presiade:
First Bank? Naaaa! Though I am heavy on FBNH, I don't see them paying close to this.

I hope First Bank can pay similar amount..........It will be so cool..................

myjoy08:
There is 1.50 (Naira) final dividend. Check the corporate action on the last page

Its very simple........Someone might be probably taking advantage of you knowing fully well that you are inexperience concerning T.Bills........Just mail the customer service of First Bank or call them and explain the whole situation.........Am sure they will sort things out for you........Express your situation/feelings just like you have done on Nairaland and everything will be alright............

htconeline:
Am not satisfy with firstbank been my first tym in TB.
So I went to the bank today, I told the lady at the desk that am yet to receive alart or sms after my money as been deduct from tueday morning. She said she as send my interest and it could be network since she's not the one sending the massage according to her.on my way going out I check my account and am still left with 0000.i was only giving certificate which she ask me to sign.
By the way I got 13.5 for 182 days tenor........which is still not ok by me.........
Pls what other bank allow you to place your bid .....
Cusss cbn issue 14.85 for 182 and I got 13.5 am not satisfy.

Rates keep going up...........I am waiting for another T.Bill to mature today,so that I can lock that one in also for another 364days............The thing is if you don't invest your money with current tide of incessant devaluation,your money will definitely worth nothing in the long run.............So is smart to invest and get as much interest as possible and possibly when the economy is stable,you can reap further benefit with a valuable naira..........

kaptinphilz:
March 4 result from cbn site
91 days tenor=10.8%
182 days tenor=14.85%
364 days tennor=15.899%

I m still waiting for first bank notification. I don't know if thier bid is successful.

I think is ok considering the tenure..........

Godside:
I got 13% for 177days , is it okay

Why do you want to close your union bank account when they sincerely asked you to write a simple letter to bid by yourself.........Thats the most transparent way to invest in T.Bills..........Now its left for you to bid correctly........

htconeline:
i went to first nd i was not allow to place bid is d bank going to sell from secondary market.
Union bank ask me to write letter to bid.....am about to close my unionbank acc for these.
Is first bank TB branch depended or bank holder get desame rate.

Defamation is a serious case especially when Tinubu can proof that more than one person heard the injurious falsehood spread through the channel which is obvious in this case.........Its a permanent defamation since it was propagated via audio-visual media and Tinubu is right to sue..........

Noviolence2015:
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