₦airaland Forum

I just got First Bank 181 days at 14.9% .

Not good, right

beyolah:
I just got this email

I received the same.

Kemade2007:
Yeah also received the extra additons but don't understand. Based on my daily calculation,the interest on my fund is around 17.47% but it was about 18%+ on their website

I don't understand this StanbicIBTC Money Market Funds account O! My capital was in excess of 250, when i check it yesterday the 250 has reduced to 150. What do you think is going on?

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Tolexander:
That plastic surgery on that Sudanese Jubril must be powerful!

Handsome Jubril!

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Say whatever you like. He's still your president.

.

ItsYourFriend:
Someone should kindly advise; between Stanbic IBTC and First Bank for Secondary Market Tbills, which is better?

First bank

torres2:
secondary market should be completed within hours now. It doesn't extend to the next day IMO. My experience with first secondary market is what I speak from though.

FBN always slow in Treasury Bills. My own department [ Diaspora department ] is even worse. They can spend 30 days before they reply

MaestroID:
Why does it always have to be Edo people... Na only us dy carry drugs..

I am not from Edo, but you are wrong. Haven't you heard of: ''The Developers''

mashaun:
Kudos to all Gurus in this house, Wonderful job...I read A-Z practical operation of TB investment in Nigeria here, Yes here ! and just yesterday i decided to put the lessons into practice. I approached 1 FBN branch, i got 78 days @ 13% (500k investment). I submitted the form immediately since i bank with them.
Until this moment my account has not been debited to indicate actions.

I hope all is well ?
If yes, when is my returns likely to be credited?

Thank you.

They will debit it. Just be patient.

Investnow2017:
Even as the rates are going down. Anything less than 15% is low. Unacceptable. It does not make any financial sense to go to the Primary Market, when all you are doing is 91days or even 182days, when you can always get something reasonably better at similar tenors in the Secondary Market.

We have always harped on this in this Forum: From experience, to get favourable bargains, the following are good banks:

Stanbic Bank - Primary Market
First Bank - Secondary Market (endeavour to be at the bank possibly before 9am, but not Fridays, you can still get 16-17% or thereabout)

If you ask me, Primary Market is best when you are looking at 364days tenor. Why wait for an auction when all you are doing is 91days or 182days when you can get better rates at the Secondary Market at comparative tenors. Apart from the yields involved, always know too that TIME is equally an asset in Money Market investing.

Just my loud thoughts, though
.

Exactly!

emmanuelewumi:
It depends on what the seller got in the primary market and the initial tenor of the investment.

A person who got 13.5% for 91 days in the primary market and decided to sell after 4 days leaving the secondary market buyer with 87 days, is different from a person who got 364 days at 18.5% in the primary market and decided to sell after 277 days leaving the secondary market buyer with 87 days.

In the first instance the 87 days may yield 13%, while in the second example 87 days may yield 18%.

The 87 days at 13.5% FBN was in the secondary market not primary market. Think its too low?

emmanuelewumi:
It appears First Bank is about the best for secondary market deals.

Yes First Bank is the best for Secondary Market. I got the 87 days at 13% PA from First Bank. Too low?

emmanuelewumi:
Just got 98 days from First Bank at 16%.

Really? I got 87 days at 13% PA some days ago for someone.

skydiver01:
Agree rates of 18% are over for now... Don't agree sub 10% is possible before December 2017... Inflation would need to be back to single digits... not likely this year. I think long dated TB discount rates will be at worst inflation rate minus 2%. And that even would be an anomaly in the TB market.

''Agree rates of 18% are over for now''

Does that mean i was lucky to have invested 5m on 18% 177days in July?

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Saintsammurai:
hmmm we are waiting for the real truth to come out... See people up there spewing thrash on what they know nothing about.. Anyways this is why wizkid is greater than davido.. wizkid dnt move with small boys and failed artists like b red.. wizkid parties with succesful artists..

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Please how old are you? Smh

deepwater:
S/he does not need to pretend

If only time can be taken to read this thread completely, one would walk Into any financial institution as if you have a Degree in Treasury Bills

It has been broken down here completely, but truth is that people no longer read any more.

Yes i know but some of those guys can frustrate customer to an extent one just need to do the needful to get what the person want and just chill...

priscaver:
Hello fellow investors I need your suggestions and advice please. I sold my shares up to 120k and told my brokers to reinvest in treasury bills but they said they are not into it. They suggested skuk and FGN bonds. Am not conversant with these investments my questions are
1. They said I can't buy TB on my own cept I have up to millions and I hear others talk of secondary makts here. Can that amount buy in sec mkts?
2. If am buying wit sec mkts must I go thru my brokers?

3. From the explanations and risks mentioned here do I go ahead and accept d 2year FGN bonds suggested by my brokers?

4. If an individual can buy TB in sec mkts do banks like GTB and UBA sell or its done only in some banks mentioned on this thread?

Thank you all as I look forward to your contributions

Don't mind them O!. I'm sick and tired of exposing those bankers when it comes to Treasury Bills. The moment they hear you want to invest your money into Treasury Bills they start hating you, they just hate that because thats where they will also invest your money into.

Just walk in to your bank and insist you want to invest your money in Treasury Bills, period! . Pretend as if you know much about it and you know what you but you don't just want to talk too much but all you want is Treasury Bills application form. Chikena!

Kemade2007:
Not a must. But you can redeem part /all your money if you need it after 30days without penalty

After 30 days or you mean before 30 days?

Mup4life:
the always say it takes 5 working days to process.

Is it a must to redeem?

Kemade2007:
Yes u need to open account with them

Yes they just told me again!

Destinydele:
please , can someone tell me where in Lagos to buy Tb at secondary market? I have account with first bank....some first bank's officials don't want our money to leave dormant account..They are annoyed see us go for tb..

Don't mind them O! They did the same to me but i showed them pepper. Please insist and bluntly tell them that you have made up your mind and all you want is to invest your money on FBN Treasury Bills period. Tell them that no matter how hard they try to convince you, you won't change your mind. My brother they will eventually give up in good faith by the time they realize and feel the heat that like ''haaa this customer is really stubborn O!'' . If you give up before them they will invest your savings in the same Treasury Bills and make money from your savings.

I wanted to invest in StanbicIBTC Treasury Bills but the officer said i need to have existing bank account with StanbicIBTC before i can go ahead? . I don't want to use FBN again, i already have TB investments with FBN.

Can someone confirm this?

Houstency:
Be very wary of firms or wonder Investment houses that offer rates that look too good to be true. Do your due diligence on them very very Well Sir, to avoid stories that touch! With your kind of money to be invested, shop around for banks and branches, that can give you very good rates for treasury bills in the secondary market. Regards

Ill rather go to Bank than any other private Investment House that offer rates that look too good to be true

Kemade2007:
Only secondary market

Yes. Secondary market .

Kemade2007:
Go for secondary market

You quote the wrong person. I was the one that said ''Treasury Bills is the best! Your money is safe''

megacontrol:
Guys in thinking short term (about 60days or so) which direction should i be looking to invest a fund that i don't quite need for now.
T-bilss vs MMF vs Fixed deposit (good rate)

Fixed Deposit: So far from my little research renmoney could do 20%p.a. on 10m, this will fetch me about 313k in 60days. I don't know if other institutions will beat that but that profit of 313k will form my minimum/base for comparison.

So my question to the experts in the house is: Can i do better than that with T-bills or MMF given the short tenure? If yes, how?

Note: I am definitely liquidating at the end of the 60-70days tenure to utilise the funds.I need to make a decision quickly and push the funds out.

Thanks a lot

Treasury Bills is the best! Your money is safe.

megacontrol:
Guys in thinking short term (about 60days or so) which direction should i be looking to invest a fund that i don't quite need for now.
T-bilss vs MMF vs Fixed deposit (good rate)

Fixed Deposit: So far from my little research renmoney could do 20%p.a. on 10m, this will fetch me about 313k in 60days. I don't know if other institutions will beat that but that profit of 313k will form my minimum/base for comparison.

So my question to the experts in the house is: Can i do better than that with T-bills or MMF given the short tenure? If yes, how?

Note: I am definitely liquidating at the end of the 60-70days tenure to utilise the funds.I need to make a decision quickly and push the funds out.

Thanks a lot

Go for Treasury Bills.

easyflow:
Got 16% for 93 and 184 days while for 303 days was 15%.
Going for 16% 184 days. I hope its the right choice. Secondary market

Are you sure of this? Cos i got 13% for someone for 87 days

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WotzupNG:
https://www.facebook.com/femifanikayode/posts/10209410179000860


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https://www.wotzup.ng/ffk-president-buhari-replaced-double/

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