₦airaland Forum

When is the date for the next Primary Market Auction? Thanks.

eddyakinrinde:
But, on the contrary, interest is not being paid upfront on the app?

It is paid upfront. You can withdraw it.

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Stanbic has answered at 15.25% from my calculation

Any one heard from Stanbic

tolajay:
Happy Sunday Fam,

I was at First Bank last week, filled the form for secondary market at 15% for 182 Days.

After some conversations with the lady n charge, she advised that I change it to primary market, which the next auction will be this week wednesday. She said the last rate at primary market was 17% for 182 days which she thinks might be a bit higher or just the same this week.

So, I decided to go with her advice and settled for this week's primary market sales but I didn't specify my bid, leaving it to bank rate.

What do you guys think?

Most bankers are really out of touch with what's happening in the Tbills market. Smh

ade101:
So sad right now. I felt betrayed. The contact in question is a close friend. Should have invested the money since last month and even got a better rate. This guy begged me, Had to put the cash in fix deposit for his sake cos he needed it to safe his ass, with an agreement that it will be terminated by first week of October to meet Up with Wednesday tb bidding. Sad part is, he's the one in charge of tb so I think it's a deliberate mistake. My confusion is that the fix deposit has been terminated and the money already in my savings account, so I don't know why he would do that. In fact I got so worried, had to call him this weekend and he said I'm not the only one, that many people have not been debited. Thank God I ask here, I mostly don't ask questions here cos I felt I had an edge with an insider.
All is well. I will walk into bank on Monday and grab any secondary market offer on ground. Thanks guys

You already made a mistake thinking your money will save him from being sacked. Every month comes with a fresh target and Tbills in Stanbic in handled by the Enquiry staff. The Enquiry staff is not under much pressure to bring in Liability (cash) like the Marketers/Relationship managers as that is their KRA. That is how one banker in Sterling was begging me to do fix deposit as against Tbills. In his words 'Do it for me'... Mtcheww I didn't even bother to reply him... My body language spoke volumes.

ade101:
Anyone yet to be debited by stanbic? My account officer keep telling me stanbic 364 bid was successful yet I have not been debited. Please house, does it takes this long? I don't have the stomach for patience right now, rate is really going down and I want to lock in something good before it too late. Already thinking of going for secondary market on Monday but my contact at stanbic keep telling me I will be debited cos the bid went through. Any advice please please please...

364 days for stanbic was successful and accounts were debited on thursday night. If your account has not been debited by this time then it is either the person that logged it doesn't know how to log or forgot to log it. How unfortunate. Pele.

Alikote:
madam derailer hope your bid when through you have derailed the thread enough sycophant

I see your coping with women lessons didn't fully pay you and you have finally shown your true colours. Happy Cursing

feelamong:
Please lets not derail the Thread!!

While its good to diversify just like i have always done sermons on...lets try not to confuse the thread users!

One or two comments on a different investment is cool..when it starts taking several pages is not too cooll anymore!!

PEACE!!!

Thank you dear. God go put better thing for your kpangolo

vitality22:
Carry your vex go somewhere else abeg

Why quote me na Shey you dey like me ni

I came here to check if the Auction was successful or not and all I can see is property pricing and housing and the culprits are still saying they hope they are not derailing the thread!!! This is totally unacceptable... That's why Nairaland has different sections. Please you people should carry yourselves and go to the appropriate section. Thank you #Vexed!!!

opomulero:
Well eurobond is not for chicken hearted fellow, a banker "CATEGORICALLY" told me capital is not guaranteed.

Na purely forex, and i i want to do it, i will open dorm account and go buy $,£ or € from aboki that they "bank" wont fund d dorm accoubt for me with my naira: and if we calculate the difference btw aboki and official rate, na waya....

And d funniest thing is that they might likely not allow me withdraw foreign currencies from d dorm account...bla bla bla, they will simply tell me that there is no usd, euro or pound available, there4 leaving u with d option of converting it to naira at official rate ...and that 1 na loss, except i get on huge stolen money�

Butbhe advised tbills, mmf,.... And he discouraged me doing fixed deposit(but i can go ahead if d condition is ok by me)

Wawuuuuuu!!! Osondu!!!

gabby18:
Secondary market rates as at Friday last week in First bank was 181 days @ 16.5%, 90days @ 13%

The rates v really dropped ohh

This is a good deal IMO. Wait till you see what the next auction brings

Partnerbiz3:
My bro, I was surprised that nobody here knows the answer to this question. I have asked similar questions many times and nobody has given a reasonable answer..

and why are you surprised if I may ask? Did you keep any paid expert here to answer your questions? It's an open forum and people only talk about what they know. If no one answers you, just assume no one knows and waka pass. Saying no one gave you a reasonable answer is a slight to the very helpful and informative people in this forum.

dipoolowoo:
Nigerian Treasury Bills Issue Programme for Fourth Quarter 2017
https://www.businesspost.ng/2017/09/14/nigerian-treasury-bills-issue-programme-fourth-quarter-2017/

Thanks dear

Hello House,
Can anyone help with the treasury bill calender for September - November if any. I have searched tirelessly.

Tekzyflex:
I read English /Literature but am in port Harcourt.

It's too far. Thanks all the same.

djflamini:
Hello
I have already forwarded my details to the mtn number.
Cheers and stay blessed.

Okay dear.

january1:
Can one apply without school and NYSC certificate but with a "to whom" letter? Just graduated this year April

When are you due for service?

djflamini:
Hello,
I am a graduate of English and Literary Studies,I reside in Warri.
I tried calling the above numbers before I send my details but they were both not reachable.

kindly forward your details. You are not expected to call. Thank you.

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x240:
Why is access charging 375?

Call their customer care.

mavinc4u:
Hmm. You can lie

He meant 375 Na typo

Vivipop:
My dear, you may vote any of the HMs but I would love for you to share your votes between Bassey and Debbie, I think they are in most need of it.


#IstandwithEfe

Aunty, Bassey is worrying our Home boy nau so ko possible

fitzmayowa:
Vote Debie-Rise, Text Vote Debie-Rise to 32052...it will be appreciated

Why??

Tipsdon:
Bally

Why?? I no dey for paddy paddy o

TeamEfe please who are we voting for I have 3,000 votes to spare

#ISTANDWITHEFE
#EFENATION
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#EFE4THEMOLLA

olubankemi:
Ahahhaha, abeg na

We will think about it darling