₦airaland Forum

chizzy161:
Me too.

Valindazz:
Finally, I am going to work there! Congrats to me!

babapressy:
Leaving the comfort of my parents house (with no single hope or idea of what the future holds). Left home with just my hanging bag containing my laptop, 1boxer, 1singlet, 2trozers & 2shirts, 1 wrapper, tooth brush, bathing soap and sponge. I left home that faithful morning n my mum dnt call when i dnt return home, at least to knw if am dead, My mum was too angry that she refused to attend my wedding 2yrs later and till date she has not spoken to me. I left home cox 3yrs after NYSC no hope of getting a good job while staying in that house, and the insult was getin too much, the little 15k i get from a small teaching job was going back to the house e.g food stuff, security bill, nepa bill etc i cant even save anything. she said all manner of ill words to me not cox she dnt want me to prosper but she just want me to be with her, any attempt to travel out of lagos for job hunt she will squiz her face, always telling me to be patient, but am not growing any younger so i took that deadly step. At first it was hell cox no were to even sleep, i wunt go into details but today i have a good job, a home, am married and am a consultant etc. God was and is always with me.

NL1960:
No mind the guy. People have been posting rates they got in the last auction. I wonder if he thought everybody did 50m.

I did with GTB in last week primary market auction and the amount i did was less than 50m. I just simply wrote a letter stating the amount and tenor, sent it to my branch and it was done for a rate of 18.1%. Na the upfront interest i wan take pay my pikin school fees today self.

GODAKPAN:
I wish you can tell yourself what you just told her

Capital247:
Madam this is a professionals thread, so stop attack and present your fact.


In the Money market, there is primary and secondary market. What you get in the secondary market is resale of product/instrument bought in the primary market, in which the rates offered are varies....
Please research further

Capital247:
You can not trade below 50m in the primary market.........
You can negotiate a good deals with some banks if have above 20m, or better still combine with someone to raise the investment funds to 50m to enable you to trade in the primary market.

lereinter:
how is tvc a top organisation, a coy that sacked most of. its staff few months ago as if it was about to close down will not make arrangement for office assistance.


in the media org...TVC is among the top league let's not argue over that ,disengagement of staff happen everyday but the problem is how they are treating the staff within the org now

SeunFirstSon:
Good evening Nairalanders, Please i beg with the name of God, I really need help with the sum of 30k to settle my Landlord for my Lodge fee, The agent and the caretaker have really been after my neck and we are currently in exam period. He just left here few minutes ago asking me to pack out if i fail to pay up before on Tuesday or he's going to send guys to pack all my loads outside. I'm considering going to the village but I can't be attending exams from my village Cus it's a bit far, Mum is really sick she asked i packed the items back to the village but I just can't because I might miss my remaining exams Cus of transportation fees.
Nairalanders please help me, Never done this before but I'm dead frustrated here I don't think i have any other option but this.
God bless you all

joseph1013:
How were you able to invest in the primary market with less than 50 million naira?

zamirikpo:
I don't understand......do u mean TB still remains max. 1yr tenure. I tot they changed it to btwn 2-3yr tenure.

casiello:
Which branch?

odaniel1:
i'm a bit stuck with how u make calculations for your yields, cld u hlp me throw more light?
Say i invest 500k just as you have done for 91 days @ 17%....hw much will i be expecting and can i just roll it over to another 91 days tenor and on and on like that?
Will appreciate your response maam, tnk u

GodMercy2015:
Please I would like to invest 500k for 93 days tenor at stanbic, do you know the likely interest rate. Thanks.

AkDave1:
Bros same here ooo.. What can you fit to do if the request was not treated, other than to jeje-ly move to First bank.

2n2k:
Note that stanbic doesn't debit you until your bid is successful and will only debit you with the discounted amount only.

However, it will freeze the face-value of your bid (though still in your account but not available for withdrawal) a day to the bidding day.

There is really no easy way to re-invest thru stanbic, however, if you have surplus amounts in the account to cover it, you can go like the example below

Let us say, you intend to invest N1m face-value at (estimated) bank rate of 18% with a tenor of 364 days

Fill a form for N1,220,000
This is N1,000,000 + N180,000 (i.e. the discount on N1m) + N40,000 (compounding discount on subsequent re-investments till discount get to zero)

Stanbic will freeze N1,220,000 on your account a day to bidding day without debiting you.

A day after the bidding, your account will only be debited with N1,000,000 and other minor commissions.

At maturity, you will be credited with N1,220,000.

Note that your yield is now 22% and not the 18% discount rate. This is called true yield when you reinvest discount at the same rate and tenor as the principal.

Gavrelino123:
My dear, they are doing it intentionally, they know what they are doing....be bold and tell them what you want.......Open your eyes for them..
Tell that you will like to visit their head office if they can't give you what u want......
They will wash your feet with fear if you tell them this...

tunene66:
Then do the computation yourself and instruct what to debit. For instance if you have =N=1M and the rates is about 18% for 364days. you can ask that indicate willingness to buy =N=1,215,000 (FACE VALUE) Treasury bills of 364days tenor at 18%

vicdom:
the fly that refuses to heed to pieces of advice accompanys its corpse to the grave.

Zeiya:
From my calculation GTBank gave me about 18.1% for 364days. Stanbic is still the best. Let us hear from First bank people pls.