Ibukun003:

I don't understand you please...
I'm a newbie.

Just went there this morning and they told me that...
Kindly shed more light...

Please go through the thread am sure you will understand. However, those rates you quote we're the last auction stop rates two weeks ago.

Ibukun003:
Just went to Stanbic...

91 days - 14.99%
182 days - 17.48%

That's the last stop rates

barleeh:
Oh!!! U in Malaysia already, so why do u wanna buy ringgit from Nigeria since u in malay or u in Nigeria presently?

Presently in Nigeria

barleeh:
Bro u will have to go through me, so you won't buy all d available riggint on ground, Lemme know how much u want to buy, I will tell him, so if he can get it, I will give u his number,I will let you know so u can travel down with ur money here and change it, and preferably u can just tell em to meet u in a bank to play safe

Chai, alright just 500k

barleeh:
they can get it here in osogbo, they even change it to naira for people here, I already called the molla I use to buy dollars from

Am surprise because I know it's difficult to get ringgit here in Nigeria. Please PM your aboki number to me I need ringgit asap

barleeh:
pls did they ask to see the original documents while submitting copies of VAL and others at the Embassy?

You must go with all your original documents.

Ladies and gentlemen I think we're good to go.
16.85 - 17% the choice is yours

feelamong:


Been waiting for some info before sticking out my neck but it doesnt seem to want to come...

I got an offer at the secondary market from an Investment firm that bought via OMO and was willing to sell 199days at 17.6%

as for the auction....I will predict as follows

91 days --- 14.35%

182 days ----17%

364 days 17.5%


the amount of foreign inflow for this Auction is enormous.....

I will advise all to play safe and not to be too bullish..

http://www.thisdaylive.com/index.php/2016/08/30/external-reserves-rise-by-595m-as-offshore-investors-stake-327m-on-bonds/

Happy Investing

Thanks bro, I will do accordingly. However, if anything comes up before 11am please let us know.

barleeh:
at the black market, they can help u get d riggint,dont know d current blackmarket price coz am not yet ready to buy and I don't think they ask of BTA from students

You cannot get ringgit at any black market here in Nigeria.

zamirikpo:
abi ooh....i think i would go with ur rate at 16.85%.....

Let's wait for feelamong, if nothing happens then we can go with the 16.85%

zamirikpo:
@easyflow the thing tire me ooh...........since @feelamong no gree answer person na to do guess work, the last rate was 17.48 for 182days.....it would be advisable to go for around 16 - 16.50% to be on the safe side.

Am thinking 16.85 - 16.89%

I have till 10am today to send my bid, hoping to get update from here.

Waiting for the rates

onayemi1:
This tread is for treasury bills investment and not any other thing. People with new investment scheme (MMM and others) should create a new tread for it. We must not derail this tread. Moderator please take note.

Back to the main issue. What rate is good for 91days NTB for 1st Sept., 2016 auction? My bid with bank rate for GT Bank in the last auction for 91 days was unsuccessful and i am placing my own rate with them.

We are all waiting for oga feelamong

feelamong:


Notin to worry too much about...

a lot has happened in the Tbills space in the past few days...

Liquidity is low and CBN nicely had an OMO auction on Friday..

This means that we should expect higher yields at the next auction......but then we expect the FAAC credit to hit the system and also about N129B OMO maturity to also hit the system by morrow...

clearly we need another round of OMO today and or Tomorrow to take the yields to the levels of the last Auction...

Fingers crossed...a lot more will be known by the close of business today..

Thanks bro. Can't afford to miss this one.
Am all set for Gtbank and stanbic. When oga feelamong blow the whistle we all move

Is it advisable to invest in the 365day Tenor?

Sylverly:
lol...just a little knowledge, not planning to hijack this platform

You will definitely get more than the little knowledge you seek, on their thread. Here is strictly for Tbills. Thanks

Oga feelamong what's the indication of the above

Nigeria’s overnight naira interbank lending rate closed around the 20 percent level on Friday, a range it has traded all week because of low liquidity and the central bank’s cash withdrawal through treasury bills sales, traders said.

The central bank sold 71.6 billion naira ($227.48 million) in 195-day open market operation (OMO) treasury bills at 18 percent on Friday to reduce liquidity in the banking system in its bid to support the naira.

The local currency closed flat at 305 to the dollar on the official interbank market, but fell to a new record low of 412 to the dollar on the parallel market.

However, traders said that the expectation of the disbursal of July’s budgetary allocation to government agencies helped to calm the market.

“The market traded in anticipation of the release of the July budget allocations to states and local government, which hopefully should hit the system by Monday,” one dealer said.

Nigeria’s distributable revenues to the three tiers of government fell in July to around 494 billion naira after 559 billion naira in June as militant attacks hit oil revenues, the Finance Ministry said on Thursday.

Traders said interbank rates should trade at the 16 percent level by next week once July’s budget allocations enter the banking system.

Nigeria, Africa’s top crude producer, distributes revenues from oil exports and taxes among its three tiers – federal, state and local – every month. The portions for states and local governments pass through the banking system and boosts liquidity as they spend the money.

Market liquidity stood at 62 billion naira on Friday, but is expected to rise in the coming days after the budget disbursal, traders said.

Nigeria plans to offer 212.85 billion naira ($675 million) in Treasury bills maturing between 91-days and 1-year on Aug. 31, the central bank said on Friday.

The bank said it will sell 45.85 billion naira worth of the 91-day bills, 62 billion naira of the 182-day paper and 105 billion naira of the 1-year debt.

Payment for the purchase will be effected on Thursday, the bank said in a public notice.

Nigeria, Africa’s top crude producer, issues treasury bills to raise cash to fund the government budget deficit, help manage banking system liquidity and curb rising inflation.

nuchinova:
Can someone explain this treasury bill for me, pls

Read from the first page.

For today secondary market, access bank offered me 13% for 84days

It depends on the tenor.

I got 15.5% from access bank for 255days. However, I will wait for the next primary auction.
Even fixed deposits interest rates are on the rise. Yesterday, I got a call from one of the banks to fix my money at the rate of 8.6% for a month.

@ the gurus in the house.......Is it wise to invest 5m in the next week treasury bills. As the rates are obviously coming down now.

Guy is mutual funds better than tbills?

feelamong:


To be on d safe side i will go in for 17.25%

Thanks bro

feelamong:
OK..

CBN HAS JUST CALLED FOR OMO NOW...

This would change the dynamics of the Auction...

Oga feelamong do I go with 17.5% for 182days?

I was in stanbic today to place my bid 17.50% for 182days.

zamirikpo:
@easyflow I use skyebank.....d thing is I had to teach my account officer how d ntb works,he had no idea. So now all I have to do is fund my account,call him and he does d rest thru their head office.

@royal155, yes ooh,18% for 182days, unless am instructed otherwise by some gurus in dis house....18% it is,although 17.5% would be safer.....but let's wait till Monday. I personally expect rates to move up a notch.

Fingers crossed......keenly monitoring this house for any developments....

Thanks bro, same thing. My account manager in Gtbank don't know anything about it as Well. It seems I have to fill the form before the transaction can be done.

zamirikpo:
Thank u Jesus, my fasting and praying is working ,if CBN omo is 18%, Ntb rates would remain dsame .
@feelamong u r a great guy......a good class captain/class rep.
I have given instructions to my account officer to bid for 18% after missing out on a gamble last time. So anything less would be a huge disappointment .
D economy hasn't changed much since last week ,I expect status quo on d rates.

Please which bank are you using