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Investment / Re: Treasury Bills In Nigeria by LuzSp: 7:43pm On Jan 27, 2019 |
janga: I agree with Janga that allowing a bank bid for you, barring their bid failing (a rare occurrence), guarantees you a successful investment at a rate they would only be different from the CBN's stop rate in small amounts of the fractions (of course you would have to pitch your tent with a bank that historically delivers such rates). A risk involved in biding for yourself is that you have only previous stop rates (and maybe some news reports on TB-related matters) to guide you, unless you have something else that will further improve the likelihood that you bid rate will be closer or equal to the next stop rate. In summary, there is the high risk of: - making great gain should your bid rate be higher than your bank's, or - making less gain should your bid rate be less than your bank's, or - gaining nothing and losing time should your bid rate be higher that the CBN's eventual stop rate and having to wait another two weeks |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 7:21pm On Jan 27, 2019 |
speak2lift: I am mostly concerned about understanding how it works. So this is what I understand from visiting the link someone shared a few pages earlier: For a TB transaction to happen, a customer has to move funds from whatever accounts they may have with whichever banks to an account (a kind of wallet) with the app, the app managers present the customer with the available tenors and their rates and locks in the customer's funds with their choice, and Sterling bank then executes the TB instructions of the app manager. The was I see it is that the customer does not deal directly with the bank. |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 10:35am On Jan 16, 2019 |
festusbiz: I find this very hard to believe. Nevertheless, I believe that you must have understood some things. Kindly share what you understood. 8 Likes |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 10:31am On Oct 26, 2018 |
Acidosis: The way I see this, the contributor makes payment every month for 3 or 5 years (depending on the investment plan chosen) without getting anything in return. The bank then begins paying the receivable sum (which has interest already factored in) to the recipient from the 4th or 6th year (of course, depending on the investment plan chosen). The Doubble Lump Sum plan is different in only one area - total contribution is made one time instead of monthly. Still payout will only begin in the 6th year. I cannot bear to send money somewhere and not get anything in return within a year, talk more of 3 or 5 years. 3 Likes |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 2:10pm On Sep 01, 2016 |
Omonigeriarere: That's my intention too |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 1:43pm On Aug 30, 2016 |
feelamong: feelamong, Thanks for the info, advice, and help you give on this thread which you started. Please what is OMO and how does it affect NTB? |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 8:43am On Aug 09, 2016 |
tormjerry: While I do not know anything about FBN rate, I know something about TBills in GTB. As at mid 2015 I invested 500K in TBill having been told by a branch of the bank in Lagos that they'd accept nothing less than that amount. When I asked whether they issued certificates their response was that they don't but I will be notified of the transaction if successful. |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 8:14am On Aug 04, 2016 |
Sylverly: Lately GT Bank have been stressing me and have made investments having tenors of 97 and 178 days. Though I did not specify a stop rate, I asked that my bid to be done in the primary market. Yet I got 12.97% for 97 days when I was expected their rate for 91 days (I specified the tenor). The CBN stop rate turned out to be 14.14%. I had to get to the bottom of it. One absurd, standout statement my account officer made was that the bank was not successful in the primary market. How could that happen to GT bank, and in Nigeria? Another shocking thing he said was that he invested my funds in the secondary market because he knows that customers' only concern is to have their money invested, they can't wait for two weeks. I let him know that I'm certainly not that kind of customer. Haste and desperation are not my thing! I've decided to put in more and clear details and instructions (rates, tenor, primary market, and what to do if they decide not to get me exactly what I'd asked for) in my next application (if I still invest via GT bank) and to follow them up with phone calls (too much stress!) once my application has been sent my account officer. I'm leaning towards porting to Stanbic IBTC (I prefer forms to letters, always!) or any other primary dealer. I've got 'till end of September. |
Investment / Re: Treasury Bills In Nigeria by LuzSp: 7:10pm On Apr 18, 2016 |
Hello guys Can one sell treasury bills that were bought in the secondary market? How soon can treasury bills bought in the secondary market be sold? |
Jobs/Vacancies / Re: NNPC 2015 Recruitment- How Authentic Is This Message by LuzSp: 3:08pm On Feb 27, 2015 |
hiteelong: Do not proceed further because NNPC would not ask you to purchase any forms, nor will you be asked to contact any named individual. Above all, NNPC recruitment is handled by Phillips Consulting, and it has been so for a while now. |
Phones / Re: Airtel Launches New Android Data Plan 1+1 Offer by LuzSp: 5:37am On Nov 01, 2014 |
ClintonNzedimma: The BB dedicated servers are not owned/managed by the TelCos hence they (the TelCos) can/should charge less. So it ain't stupid. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 8:06pm On Aug 02, 2014 |
We do not have to completely fill all the forms before we arrive. Leave blank the sections for which you need help, more information, etc. They said they'd assist us. NAPTIN said the fitness certificate must come from a government hospital. Since doctors are on strike that requirement is on hold. Cheers! |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 9:13pm On Jul 18, 2014 |
benaikodon:Not all#TeamOutsideLagos got the 'alawi'. I wasn't even asked to send my bank details. But Sahara Power and I are cool. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 8:28pm On Jul 16, 2014 |
Please guys what is this admission letter? Has anyone received the package/mail? |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 8:24pm On Jul 16, 2014 |
santos4eva: I did not have that problem. But I had called them on that number concerning another matter and I was asked to send a mail. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 9:24am On Jul 16, 2014 |
For those with bouncing mails you could tell Sahara Group about the problem (you could, in addition, send a screenshot like someone posted earlier) in a mail to recruiter@sahara-group.com. You could also call Sahara Group on this number 012134121 so they could investigate and assist in rectifying the problem. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 4:16pm On Jul 15, 2014 |
JimmyAlade: Please anyone the address of the training venue in Surulere and ow to get there from iyanapaja Please guys I need answers God bless us all, one love, one Sahara I'm almost certain (or rather seriously hoping) that clear and detailed information (on their assistance with accommodation, venue of training, dress code, etc) will be contained in the mail carrying our "offer letter and additional information". But I wish it came sooner because I have a feeling that I'd need to do a number of things before resuming. I don't want avoidable pressure. 1 Like |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 11:54am On Jul 15, 2014 |
blackknyte: FOR THOSE REDIRECTED TO IKEDC NOT BASED IN LAGOS I think we'd get more information when we open the package containing our "offer letter and additional information". I hope it arrives before weekend. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 7:10pm On Jul 11, 2014 |
It seems that the various companies have the responsibility of contacting their recruits (irrespective of the recruits preference) after Sahara Group had sent the ID Card slip email of July 7. 1 Like |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 7:54am On Jul 11, 2014 |
nanizle: soldierAnt's mail was from a yahoo account. The information in rurubabe's mail is essentially the same as that in soldierAnt's plus that from the phone call. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 7:52am On Jul 11, 2014 |
nanizle: soldierAnt's mail was from a yahoo account. |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 7:45pm On Jul 10, 2014 |
What are the characteristics of an employment scam? |
Jobs/Vacancies / Re: Sahara Power Test Of 31st May,2014. by LuzSp: 4:41pm On Jul 09, 2014 |
For those who have not filled the ID form, I confirmed from our caller the following: Designation: GEP 2014 Date of Employment: August 1, 2014 Company: IKEDC He said that we'd get more information via email. |
Jobs/Vacancies / Re: NITDA Postgraduate Scholarship Scheme 2014/15 by LuzSp: 9:30am On Jun 30, 2014 |
Wow! NITDA has already conducted a test?! Yet I've been expecting an invite. It's well. |
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