₦airaland Forum

zamirikpo:
atiku oooh.....

chai.....very poor.....very very poor rates ooh

That means we may be getting like 14.2% from stanbic.

and in next auction, its possible rate will crash more

olasworld:
GTBank rate today for primary market
91 days - 10.85%
182 days - 13.2%
364 days - 14.8%
Meanwhile, I was told to write a letter requesting that they invest in T-bills for me. Please does anyone in the house have a format for the letter?

where you got this info for rate?

feelamong:
TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

if this is confirm todays rate, am already disappointed in locking for 364days and i think next 2 week primary auction will crash more

TotoNaRubber:
Interesting but which bank will honor the request to invest for you tomorrow for the primary market auction taking place today?

Gtb but i will make sure i forward the later today
have already call my acct officer and he confirm its possible

Pharmtj:
late

to me its not late yet via the way i invest mine, am even waiting to see cbn todays rate before i write a letter to my account officer to merge the tbill that will mature tomorrow early morning with the money i ll move today

flexyrule:
T-bills is great if you're buying from the primary market.
Here is an investment that pays you 4% of your principal monthly for those with a larger risk appetite.


We are a Finance and Loans firm with office in Abuja. We give out loans to staff of banks, public servants in selected Government Ministries, Departments and Agencies, selected private sector employees and trusted businesses.

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Type of Investment Fixed Deposit
Minimum Principal we accept N500,000.00
Rate on investment 4% (flat rate) monthly
Minimum tenor 90 Days
Roll-over Yes! Investments can be rolled over
Pre-liquidation Yes! Within 5 working days (T & C applies)
Payment of Interest Via Transfer to Investor’s bank account
KYC Yes! We carryout KYC on ALL our customers
Other Investments No! Investors funds are used strictly for loan purposes
Booking of Investment Immediately we confirm receipt of transfer or cash deposit
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Our team consists of seasoned bankers and administrators who have years of experience in the domain of Investment Banking and microfinance.
We are strictly into Finance and Loans, don’t invest in Forex, HYIPs, MLMs, Ponzi, Real Estate or any other business.
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We carry out Enhanced Due Diligence (EDD) and KYC before disbursing facilities and have an efficient recovery technology to ensure prompt remittance and prevent defaults.

PM me for more details.

Friend plz stop wasting forum space
its will be best for u to hawk Gala in rdside than to be looking for a prey to scam in this thread

OgogoroFreak:
Na ladies invest pass nah. They always getting free money from us.

only 20% of ladies take part in investment while the rest 80% spend too much on cloth and other materials.
i doubt if a run girl will ever invest her money except those legit hardworking ladies.

plz no one should quote me

dammybrite:
Stanbic IBTC just removed the money now, the rate is roughly 15% my estimation

thats will be good news if tody rates was actually 15%
if someone lock 60mill for 364days, thats will be 60mill x 15% = 9million Minus extra Bank charges!

In my states, A Landlord/Landlady with 5 Storey Building is earnig just 3.6 Million in a years, so why cant i leave the stress of Tenant and lock in Tbills

ahiboilandgas:
yes u can bid at close to stop rate

bidding urself at close to stop rate might possible fail and u hav to wait till next primary auction, its better to let them bid for u using their bank rate

mrNEMZY:
pls can someone help me.

I have 300k that I wouldn't use till next 4 months and am considering treasury bills. The thing is I don't really understand the math.

can someone pls explain to me, how much you would earn with that amount for a 91 days period.

friend i will advise you to use the 300k to invest in other usefull biz if you hav lessthan 4month only because tb are mostly for those investing in millions. my 364days tb interest can get me a 2015 Benz GLk 350 model without touching my capital

ahiboilandgas:
who are my type ....a Benz is tempting me ..but it might raise eyebrow

brother no be only you Benz dey temp

LadyBeee:
what about first bank?

15% was the last stop rate in which the Cbn auction the Treasury Bill for all bank and most of the Bank will fail if they try to bid higer than the stop rate.

Ladybee i sent you a mail, try check it and reply

zamirikpo:
2B.... are u a bank, u can invest it sha but I see efcc knocking on your door.

lmaf
yes that true but i dont see someone with that amount lending money to the federal Govt

nomad26:
Guys, please who has the email of the Gtb department that deals with tbills? I want to invest in the next primary auction but I can't go to a branch. Thanks!

just write and sign a letter stating the particular amount u wanted to invest, then find ur acct official email and mail him/her

Gavrelino123:
The last rate for 364 days(1year) was 14.5%
Hence,14.5% of 1,000,000=145,000(less residual charges)
You will get 145,000 per annum Less residual charges........

well if this is really how 364days tenor is calc, then i will lock for 1yrs by next month feb in Gtb. let me say if someone invested 60mill for 364days at 14.8% that will be 60,000,000 x 14.8% = 8,880,000 minus Bank Charge!

i hope i got it right? because normally i got half percentages of 364days tenor while lockin in 182days tenor

unite4real:
I will continue to remind all that CBN has learned from the last high interest rate and is better prepared now for speculators. The longer you wait for the 18%, the more you loose money by keeping your funds idle. It will be more painful if while waiting for 18%, rates start to drop after the election. I think if you get a 15% now, pls lock it. When it comes to money, it is a seed and every day counts.

yes u re 99% right and ofcourse time is money

TONY56:
From the results of the Treasury Bills auctioned yesterday, it's very obvious that the CBN deliberately refused to allow the rate for the 364-day tenor to be higher than the stop rate of 15% by refusing to sell all the amount they initially put on offer.

If CBN had allowed all the about N193 billion on offer to sail through, the rates would have probably be as high as 18% or more. So to prevent that scenario, they sold only about N119.59 billion instead of the initially offered N193 billion.

It's very interesting too to know that this time around, most subscribers preferred the shorter terms of 91days and 182days to the longer term of 364days probably because of the coming elections as people are trying to be cautious with their investments.

Me thinks that the rate for the 364days is likely to go up in the next 2 weeks.

well what the side effect of locking in longer tenor “364days” during this coming election. Even if war occur in Nigeria during this election, the probability of recovering your Naira even if you didn’t lock in Tbills is very low because almost everything will be affected!

maybe am wrong?

Adiwana:
House,please I have a question.

I have a treasury bill of due date 15th of next month.I
want to invest N20 million the next day.Which one is more profitable. 13.10% @182 days or 15%@364 days.Thanks

longer tenor 364days

Partnerbiz:
Did you share?
I wasn't asking you.
I was telling you.

I know.

but you were wrong, i didn’t invest 7mill with that charges

Partnerbiz:
You invested about 7 million?

Big man lol

No, well we can never share our financial information in public forum like Nairaland

who even investing 100k in tbills, its better to use that money to start a good profitable bussiness.
tbill are only good for those investing in million, 5-50millions wetin i know self, let me come and be going

got my tenor matured today and my yesteday bid for 182days was successfully debited. Gtbank is like fastest for me in this tbills.
Well i submitted my application via emailing my account official and no need of roaming in the Bank like a lazy youth

NL1960:
Alert just landed. FG does not default.

yes they never at all unlike my cousin who borrow from me 2mill when i was 21yrs and to get the money bck resulted to fight before he started paying. but at moment we are already a Man

Gavrelino123:
Bro,I mean my 364 TB that is supposed to mature today 30th......
Normally GTBANK credits between 2am-4am in the morning......but I'm surprised not to have been credited till now.
Do you have any TB maturing today with GTBANK.?
Why I'm worried is that the money is no more showing in my internet banking...
The 4pm you mentioned is for Debit..!!

yes my 91days tenor will matured today and i alao checked via their iBank and its no longer there but thats no bothering me bcz i bid 182days tenor for yesterday auction. just hoping they will debit me

Gavrelino123:
Sir,have you been credited..?
Are you banking with GTBANK.?
I'm worried because it has already been written off in my Internet Banking with no credit notice in reciprocal..!!!
Have you been credited..?

Gtbank mostly credit people by 4pm so expect ur interest till then. my 91days tenor will expire today and i already bid for yesterday auction for 182days tenor! i just hope my bid will be successful

Hamthablow:
Please put me through on how to check maturity date via GTbank

just login via their internet banking to check! ibank.gtbank.com

Anyone have idea how to check Tbill maturity date via FirstOnline?

For GTbank its easy to check via the internet Banking but i have not see where Firstbank added it on FirstOnline

Internetboy:
I plan to invest in TB day. I operate accounts with GTBANK ,FIRST BANK AND STANBIC BANK . Pls which BANK is better to use in general . It's the primary bidding over for the week ? If yes , should I invest in secondary market immediately or wait till next bidding for primary market option ?

STANBIC BANK

"Someone said primary market rate is far better than secondary market rate . What's the difference between the two markets"
in primary market, the Bank need to wait till auction day to get the rate while in secondary market, the Bank already know the rate to use which gotten 4rm previous primary market