₦airaland Forum

Chekitaut: Bring your trailer tipper lets manage(Lease) for you with our unbelievable offer, Invest N6m and get N10,000,000 in 12month. What a great offer No Bank offer 10% on fixed deposit but we will offer you this unbelievable offer.

Call 08055545355, 08032887233, 08025392565

Chekitaut: We need 30tons tipper trailer for an urgent contract for distribution of Granite you get 150k/week(we take care of other expensive, wear and tear, interested investor call:

08055545355, 08032887233, 08025392565
email: chekitaut01@live.com

euromilion: @chekitout
Man what is towal?how much will it cost to bring to abaranje Rd off Ikotun?if am buying net separately how much will it cost?what is d differences between towal and imported?do u have 3x4?

Am happy wit ur prices now,but I need answers to those questions first,then we take it from there.

Cheers

Syncapos: ...

You are not really typing and uploading...you are COPYING AND PASTING another person's job.
Whereas all your posts can be helpful to some, I think it is wrong for you to present yourself as the original author.
It is actually called PLAGIARISM.

Does this link look familiar? [url]www.terry.uga.edu/~akefalas/courses/mirrors.htm[/url]

dagr8: [size=15pt]LOL...OGA is not my information o...we are talking TBills versus fixed deposit.

Of course you choose what u want to invest ur money in...no one is forcing you...if you av better options you can always take them...
We got people who are stranded as to what they can use their money for...and they ended up putting the money in fixed deposit...it is obvious that TB is better option than fixed deposit...and the reason why i came to the thread is because it is talking about fixed deposit and Tbills...and Raymondenyi caused me to start the story... [/size]

dagr8: [size=15pt]Yes the interest rates are not stable.
Before auction, there will be a notice. This notice is published on CBN website (www.cenbank.org) and it is also advertised in the major newspapers, typically a week ahead of the auctions.
Primary auctions holds twice every month on Wednesdays, while the issuance and settlement is effected the subsequent Thursday.

The Auction is conducted through a competitive bid( all investors including YOU will bid for it through a primary dealer), where you have to specify the price,in terms of percentage yield that you are willing to pay for the T-bill. For instance u can make your bid to be 11%. Therefore you may or may not be allotted the securities after the auction, depending on how good your price bid is relative to the prices submitted by all the other competitive bidders. A lower yield represents a more competitive bid as the bidder is indicating that he/she will accept a lower interest rate.

The highest accepted yield of successful competitive bids submitted at the auction is equivalent to the discount rate.
From my example above, if your bid was 11% and at the end of d day the highest accepted bid was 12%....then u are lucky cos you will get the TB at 12% but if the highest accepted yield be 10% then you will not be allotted the TB. In other words, you are not forced to take a % yield lower than your expectation.


The stop rate at the auction on Wednesday 27/03/2013 was as follows

91 DAYS --------11%


182 DAYS -------11.15%
the one before this was
91 DAYS --------10.45%

182 DAYS--------10.65%

364 DAYS ----------10.76%
[/size]