₦airaland Forum

Investnow2017:
I buy with First Bank. You can't be wrong with them.

Investnow2017:
Its very simple. Approach First bank or Stanbic and ask to buy TB. Today when i enquired from my Client Officer he told me they had only 32 days at @ 18.2%. If you had bought into that with yr N100k today you would have been paid a discount of N1,595.00 at around 4 to 5pm today and then wait for the next 32days to have yr account credited with your N100k.
Treasury Bill money instrument is borrowing the Fed Govt money to use and return on a given number of days at an agreed interest with your bank. Practice with what you have little by little, it will instill in you a good savings culture. You will begin to see the need to save more money since as you can see you stand to earn more as your principal grows and the prevailing interest rates as it is now are competitive. Try yr hands on it this week if you know you can afford to have your N100k kept for 30 days or or more.

freeman67:
You will only have the opportunity to bid for yourselves in primary market these days if the money you intend to invest is up to 50 million if not. You will have to go with whatever the bank you use decides to offer cos are not in a position to bid.

PinocchioDMZ:
364days you can bid 18.5% or 18.6% for Primary Auction to be on a save side because the last auction was 18.7% stop rate.

364days you can bid 18.4% for secondary market.

tubolancer:
please I need it. What is your price and can you do printing on it. What is the cost. I need smaller pack for my surprise bag.

Freewoman:
pictures ..................................................

Santino1:
Wrong. MMF is also rated per annum

deepwater:
Someone please respond

PhilJames:
Good Morning guys

Please help, am confused here. I feel I was cheated.

I went to GTB and requested to invest 200k in TB for 91 days and I was debited 193,318. Please at what rate was the transaction?

Thanks

PinocchioDMZ:
Try 1st bank, Staanbic or fidelity.

feelamong:
That is why its the secondary market transaction.

You will get Interest fr only the no of days quoted. here is 163 days or 170 days

chukzyfcbb:
First bank restricted me from bidding in the primary market, I was offered secondary rates market from first bank of Nigeria.
170days - 17.2%
163days - 17.45%

rotormast:
241 days..

rotormast:
They gave me 17.2 and stanbic is saying 17.5.. So, i went ahead to buy it at Access....thank you so much for your reaponse, you've been so helpful. One last question, I did 2.5.. im thinking of buying more by next month : using stanbic. Is it ever too much? Or can i keep buying since it's risk free?

Equado:
When you have access to application letters, you'll see letters worse than this from bsc holders.

Airoflaw:
Hydrochloric acid help in killing some of this microorganisms in our stomach..

lepasharon:
This is why it's important to filter tap water

Kingsley1000:
they are pathogens and considerable number of them are harmless thats why u rarely fall sick consuming them,they (the beneficial pathogens )help in general body metabolism,help in digestion and building immune system,in contrast,there are harmful ones that cause typhoid fever ,thats why it's advocated to boil water before use

RealityShot:
Oh! Sweet!
Now am going to have to choose between ARM and FBN MMF
Because first Bank is the only bank of all that's close to my locale

Thank you Sir

RealityShot:
OK.. Thanks a lot!

blithe:
Hey Bro can I have your email address or WhatsApp contact please...I want to ask some questions

helovesme:
I agree. The ARM money market fund makes a whole lot of sense.

What I like the most is its flexibility. Minimum investment if I remember correctly is 1k.

This means I can put into the fund any spare cash I have (the odd 50k here, 200k there, etc) knowing fully well it would yield interest and I do not have to wait for an auction date or "make a bid" as it is the case with treasury bills. As with treasury bills, you can also select the option of reinvesting any accured interest.

I can also withdraw the funds anytime I want and withdraw any amount I want. Usually takes them 48hours to action any request.

kjhova:
T-bills 91 days current rate is 13.7999% and yes all deposits and bonds have applicable 5% VAT deductible from earnings.

So you are correct that T-bills yield more than FD however the downside is that you cannot liquidate your T-bills before expiration while you can do so for your FD but with 25% deduction from interest amount.