₦airaland Forum

Interesting, but I hope it is not going to die at the level of mere speeches. There seem to be no ground rules and no concrete means of meeting, especially for those outside Lagos. How do you/the group intend to build trust?

pappilo: False. I bought Tbills worth N500,000 through GT Bank yesterday. Do not believe "dem say, dem say", go to your bank and tell them to give you more information about buying TBills. The more learned guys here have confirmed that banks will help buy TBills from N100,000 and above. It costs them nothing to help you buy as your application to buy will just form part of a combined bid. They will even make money off you, 0.125% + a possible 0.5% COT.

Very correct, but COT is now 0.3%.

imolore: mr feelamong, i live in abuja, can u as well introduce me to where i can buy tbill? my e-mail is alakhume2003@yahoo.com
i have long been following this thread and i also have a clue about tbill since 2004, but i do not really know how to start dealing. i need reply pls

Contact your bank, they will direct you on what to do.

[quote author=dan_dollar]hello,sir,asides the commission charge, does GTB take COT when my savings account get debited for this transaction? Are there any other charges apart from the commission when I transact from a savings account?[/quote

Get more info from your bank.

dan_dollar: hello,sir,asides the commission charge, does GTB take COT when my savings account get debited for this transaction? Are there any other charges apart from the commission when I transact from a savings account?

When you use a savings account, you do not pay COT. No other charge apart from the commission of 0.125%. I use a savings account with FBN plc. All the best in you bid.

RIP.

This also sounds as a reminder to me, that I should be prepared to met my maker at any time T.

Inflation Drops To 8.6 Percent, Lowest In 5 Years


How does this affect the Nigerian Treasury Bill yield/interest? I guess it will negatively affect it.

pappilo: There was no auction on 3 April so I guess the 2 week cycle has changed. The next 3 auctions should be on 10, 24 April, 8 May.

They may have altered the cycle to beat quite a few public holidays which auction days would have fallen on in the previous auction Calendar. 1 May (May Day), 29 May (Democracy Day), June 12 (Democracy Day Lagos only)

Getting information in Nigeria is almost impossible

I fully agree with you. The FG has annouced that there will be an auction on April 10th.

Seun/Feelamong

How much do the banks charge for helping a customer buy T Bills?

The bank will charge you 0.125% of the yield.

Holuwayungmoney: i need help on how to activate wema banks internet banking..pls

Go to you bank, fill a form, go home and wait for an email containing your access code/user name and your initial password which you must change to something more personal. You will be charged a one time fee for token.

mymadam: Simply leave a standing instruction with your bank to cover any bid date. Do this through your ACCOUNT OFFICER at the bank. If you don't have one yet, request for one immediately. He/she will be your contact who will arrange for your TBs bid anytime there's one. However, make sure you ALWAYS have enough funds in your account for the transaction.

Ok, Thanks. I will try your suggestion.

vexing: You can apply thru your bank and they will help you to buy at the next aution if ur bid is successful. You may not neccessarily hav to know the next bidding date.

Fbn always ask me to submit my application form and funds, the Tuesday before the auction. So you see, I need to have an idea of the auction date.

oh no. i missed out cos i was not aware. so when is the next auction date.

feelamong: STOP RATES FOR TODAY 21/03/2012

91 DAYS --------10.45%

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

364 DAYS ----------10.76%

Seems things are gradually looking up over here once again!! 'Thank' God for the problems in Cyprus!!

Good news. We are back in business.

please guys how profitable is investment in palm tree plantation. Does it require a lot of physical presence.
Thanks.

spriteB: Thanks so much for the responses..

So, when's the next bid date and what's the current interest rates? I'm currently getting 8.75% on fixed deposit @ Stanbic IBTC; going by the rate at which the Tbill is dropping, do you guys think it's worth switching over?

The next bid date is march 7th.

AT THE CURRENT RATE OF 9.2% FOR 90 DAYS, THE ACTUAL YIELD IS 10.1%. A FIXED DEPOSIT OF 11% WITH A 10% WITHHOLDING TAX GIVES YOU A YIELD OF 9.9%. SO YOU ARE VERY CORRECT. BUT ANY FURTHER DROP WILL REVERSE THE SITUATION AND MAKE FIXED DEPOSIT MORE REWARDING.

i WENT TO FIRST BANK TO PAY FOR NTB BUT THE BANK STAFF ADVISED ME TO GO FOR FIXED DEPOSIT AT 11% WHICH I DID. THANK GOD I DID BECAUSE NTB RATES ARE NOW DISAPPOINTING.

Please what is SMN.

Hi guys,
I have some questions.
1) When you buy T-Bills are you agiven acertificate or something to prove that you bought the T-Bills? I bought through First bank even though my account was credited,I was given nothing. I feel I should have something to hold as proof.
2) When you buy T-Bills and specify that the capital should be rolled over every 91 days, how do you stop this roll over and get your money out, for whatever reason when it matures.
Thankxs in advance.

Well I have eaten donkey and camel ( both unknowingly ), elephant, snake , alligatior, tortoise, crocodile, dove, pigeon, termites, larvae of some flying insects, hedgehog, Monkeys, rabbit, octopus, Giant African rat (OFIOTOR), Duck,and Porcupine. I will update it when I remember others . I intend to eat Lion,tiger, Shark and whale when I go to tanzania.

I have done 200km/hour with a Benz E- 230 (1984 regular),on Benin Auchi road in 2001,1 wanted to see if the car can get to the maximum speed, and it did. I had to get four brand new tyres before attempting this stunt. It was my first and most rugged car.

Please when is the next auction and is there any calender for the auction dates? There is none on CBN's website.
Thanks

log off if it won't be used for several hours.

I currently run one, though on a small scale and based on reliable referrals. Even at that the default rate is high but at the end of the day we still make some profit. We can share experiences when you start. All the best.

please where can I get this hand held scanner to buy and the cost?

I got my present job 6 months after NYSC. The pay was less than what I was earning at the place I was working before but I preferred this because it was more secure and there was room to improve, acquire more qualifications, and climb to the peak eventually with a lot of time for my self. So first decide what you want most out of life, money or self fulfillment, then pray, grab any available job (legal), then search for that dream job while you use every opportunity at you present job to improve yourself. Work does not kill it only makes you stronger and any knowledge or skill you acquire is your property for life. All the best.

[quote author=onila]Mshoza, a South African singer who underwent skin whitening treatment because 'she was tired of being ugly'.

do u think she became prettier?

She is suffering from inferiority complex, and has transformed herself from being pretty to old and ugly. She, as well as her man need psychiatric evaluation.

abhosts: If you are not an Internet Savvy person, here is a tip for you:

Open both a Savings Account and a Current Account with the same Bank.

Leave most of your Cash in your Current Account with no Internet Banking or ATM Facility.

Activate Internet Banking on Your Savings and only fund it with Cash just enough for your Online Transactions.

God Bless

Thanks a lot for the advice. i am thinking of doing this 'cos i already have both types of account with first bank,but i want to use the saving account for the internet banking.

@hrhobi1, Why do you insult people for no just cause or are you one of the yahoo guys? if you do not have any advice to give, why not move on? or are you afraid your secrets and techniques will be exposed? You have only succeeded in exposing yourself.

I am thinking of opening an internet banking account so that i can transfer money from the convenience of my home but i am terribly scared of these yahoo- yahoo guys. The Loss of several millions of your hard earned money is not funny. Please i need advice to enable me decide what to do.

Is this the best Nigeria can offer? Wahala dey ooooooooooo.