₦airaland Forum

Fuel and electric power scarcity reach here. Nigeria go survive even if them drink the oil and collapse the power stations.

htconeline:
Hello TB gurus I applied for TB for 182 at 12.70 but these is the msg I receive and I dont understand,anyone care to explain this msg for me pls
I put in 600k for the treasure bill

DebitAlert!
Acct#:000*****82
Amt: NGN562602.74
Date: MAY 21 2015
Desc: DV NTB 182D ¿12.5% 19/11/2015 MAT
Balance: 38977.11

DebitAlert!
Acct#:000*****82
Amt: NGN49.08
Date: MAY 21 2015
Desc: COMM/VAT ON NTB BID OF 20/5/2015
Balance: 38977.11

DebitAlert!
Acct#:000*****82
Amt: NGN157.07
Date: MAY 21 2015
Desc: CUSTODY FEE/VAT ON NTB BID OF 20/5/2015
Balance: 38977.11

It means your bid was successful and you will get your 600k in 91 days. The difference between 600k and what was removed from your account is your interest paid up front.

petikal:
Your friend's purchase couldn't have been for 91 days. That 1mil implies approx. 11.1% yield, and the 8mil will be held for a full year.

True talk. Well said.

Dear xxxxxxxx,
We wish to inform you that your bid for a Treasury Bill of xxxxxxx with reference number 110140407485 was successful. Full details below

Ref. Code 110140407485
Principal xxxxxxxxxxc
Rate 10.01%
Tenor 91 Days
Bid Date 4/27/2015
Maturity Date 7/27/2015

Thank you for choosing FirstBank.

feelamong:
Dear xxxxxxxx

In the past two days, CBN has been experiencing system downtime with its settlement platforms, precisely RTGS & S4.

Consequently, these hitches have hampered CBN’s operations as deals that are meant to settle via these platforms are all pending. Some of the outcome of this challenge are briefed below:

1. The entire industry cannot determine the opening figures for trading money market instruments & fixed income securities.
2. RTGS operations are also halted as movement of cash amongst Banks is inoperative.
3. Treasury Bills maturities cannot be accessed. This means that Banks are yet to be credited with proceeds upon maturity yesterday.
4. Primary market auction which held two days ago is yet to be processed, and as a result, auction results cannot be advised.

While we crave your forbearance, we implore you to accordingly advise our customers, particularly those whose deals are pending. Also let customers know that this challenge is not peculiar to our Bank but to the entire industry.

However, CBN is working tirelessly to resolve issues and we will inform you of any development.

Many thanks.



THIS IS TO ADDRESS OUR FEARS!!!! AM SURE THE ISSUES WITH THEIR SYSTEM WILL BE RESOLVED SHORTLY!

Many thanks. I was getting agitated. I hope the issues are sorted out rapidly and our accounts credited.

hotmomma:
thank angelo, i had to recheck, it shd be 19th of may not april.

It happens.

ernie4life:
14% looks high to me I would advise 13.5%

I would have gone for 13.2%.

ernie4life:
am biding 10.5% for 91days, what do u think house?

OK.
Though I would have gone for 10.8%.

Zeiya:
This particular question has been answered in previous posts. Just read on from where you saw the post.

True talk.

Zeiya:
I applied for TBills this morning at first bank against next week auction. I received a debit alert from them this evening. please is this how it is done? This is my first time

That is how it is done.

silvoice:
Hi NLanders, I want 2 open a TB acount with N500,000 at FBN capital. They said d minimum is N1m and I don,t have up to dat amount. So dey wnt me to invest in Fix deposit. Pls advice me

Go to first bank instead. The minimum they accept is a 100k.

Don't expect miracles. We don hear.

Shameless criminals.

If na Niaja, nothing for remain on that road.

We thank Jehovah.

She needs a caesarean section (c/s) ASAP.

Here we go again!

Marpol:
You are the mathematician.

Nor be God?

lancee:
I think if u multiply that amt by 3 , then multiply by 10 u shld get the approx Answer
I Hope am correct

You should actually multiply by 4, then you multiply whatever you get by 10. So you tried..

xplicit01:
UBA offered me 11% for 84 days,... Smiling to d bank!

Not bad. In fact it is very impressive.

Damolux01:
Just got a notification that my auction at 15.85 was not successful. Never indicated any stop rate since it was not in the form I filled. I'm so sad right now, waited for 2 weeks and now, it's another awful story.

Which bank was it? Me think this must be FBN. What were they thinking? To rob CBN?

ummitoagirl:
I did 15.40% for 364 days & 14.50% for 182 days...
fingers crossed!...

That's good and bold. Wishing you the best.

Desperation. Na wa oooh. Penny wise Naira foolish.

presiade:
^^ It is not done that way, if wishes were horses... The rates are usually quoted in p.a. which means your fixed deposit at 10% will only give you 10%(less W/H tax) in a year, 5%(approx) in 182 days and 2.5% (less W/H tax) in 91 days. So which is better now?

Thanks for educating him.

I was ready to die in place of my late wife. She is the first and only one I can give up my life for. And she new it.

Sylverly:
If truely first bank accepts minimum of 100k for tbill..I think that is a better place to start. Pleasw , I would appreciate if someone could give me a " yes" as to confirm this statement...# just a yes, I would really appreciate..

YES.

egopersonified:
Just called the first bank staff now, she says the bid date is today and was successful but it's still ongoing so I should hold on and she will call me tomorrow but I told her I would be at the bank first thing tomorrow morning. If the bid wasn't successful two weeks ago, why wasn't the money paid into my account then? I didn't write a letter just filled some forms. Please advice.

Since the bid is successful you will be notified tomorrow. Otherwise you should get your money back immediately if it was unsuccessful.

They are trading on your money.. See the manager and demand an apology and a promise that they will never hold on to your money again if the bid is unsuccessful..

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

Very much okay.
Which bank?

cee001:
Pls must I operate a current account in order to invest in treasury bills

No. I use my savings account.

@Desanta

Which bank are you using? I need to exit GTB for this investment purpose.

Please, help me with all and every information that I need, to move this fund lying fallow in my current acct in GTB...send details to toni.cann@gmail.com[/quote]I use First bank of Nigeria, plc. They are okay not perfect..

sammily:
Please what was the rate at FBN and for what tenure?

Dear xxxxx
We wish to inform you that your bid for a Treasury Bill of xxxxxxxx with reference number 146150200684 was successful. Full details below 

Ref. Code146150200684Principal.xxxxxxx Rate13.45%Tenor182 DaysBid Date2/19/2015Maturity Date8/20/2015

Thank you for choosing FirstBank.

wemimo42:
Benin calcare addres: No 5/7 Isekhere street off ibewe road, Ring road, Benin city. 08172951002

Thanks.