₦airaland Forum

Please house, I did secondary rate with gtb yesterday, but I ve still not been debited and my interest has not been credited into my account. This is my first time. Is this how its done? I thought the interest is supposed to come in immediately.

Acidosis:
T-bills secondary market is a form of black market with no form of coordination or predetermined timeline across all banks. When it comes to secondary market, no two banks have the same or predetermined tenor or rates. The banks simply sell to you what they bought from an existing holder of Treasury Bills.

It's a process of buying from those who wish to terminate their investments, so there are no predetermined rates or tenors. You need to approach any bank of your choice to know whether such offers are available.

As per primary market, auction takes place fortnightly at the same time in all banks. Note, it's an auction, and you're not even permitted to state your own rate. Unless you're investing N50m+, the banks simply bid on your behalf (together with other customers).

When CBN's stop rate for an auction is 11%, and your bank tender a bid of 11.5%, the bank lose out for that period. To scale the hurdle, whatever your bank bids must fall in the range of CBN's stop rate. Don't bother asking anyone what CBN rates are for the next auction because nobody knows, including your bank manager. They only bid and predict using some dynamics such as previous stop rates, policies, inflation, etc.

Also note that the fact you're buying from the primary market doesn't imply you're getting better rates than those buying from the secondary market.
Which is better? Well, no one can answer that. Whichever offers an individual better rates at any point in time is better.

Thank you so much. I now understand it very well. The only question I have is that since Secondary market is like black market buying from others, is it as save and risk free as the Primary market

Please, what is the difference between primary and secondary treasury bill? Which is better in terms of risk and investment? I am confused because some banks said I could invest same amount for both primary and secondary. When asked which is better, was told they are both thesame.

I feel they don't understand it.

mimini:
But has the Tbill for the secondary rates published 15th August ended in all banks? I really want to be part of it.

pls someone should answer this question.

But has the Tbill for the secondary rates published 15th August ended in all banks? I really want to be part of it.

amjustme2:
Prolly you got to the bank later than 3pm for Second Market.

As for limit, some banks set their own minimum. Some 100k, others 200k. Don't know about Zenith's

Thank you.
Was there by 3pm. So does it mean I have missed Tbill for this month?
When then is the next Tbill rate and how do I ensure I don't miss d next one? Am I suppose to apply to the bank before the rates comes out? I am confused because I was at the bank the next day after seeing the rates.

Please I do not understand these banks. I went to Zenith and was told only 1 million upwards. Also at Stanbic IBTC, was told secondary has ended. Only primary is on. But I thought the rates been display was on the 15th. So why are they saying secondary has ended. And why will Zenith say only a million naira upwards can invest?

alezzy13:
If you don't have any immediate use for the money then 365 is the best as it usually offers the highest rate (as at the time of investing)

There is no risk

Thank you. is it possible that after investing this month, I can invest another month in same bank before the first investment matures?

please, is it adviceable to invest in TBill for longer days( say 365 days). is there any risk involved? I am a newbie here. Want to invest for the first time. Advice from my seniors will guide me a lot. thanks.

CompareDBest:
This is surprising...Secondary market rates are rising, for example, Stanbic's rates today were: 49days @12.7%, 175days @12.8% and 259days @12.25%: https://comparedbest.com/ng/stanbic-ibtc-bank-nigeria.html . And the same trend in other banks: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

Is there TBill rate for 1 year from Stanbic IBTC?

Female Teachers are urgently needed in a school.

French Teacher who can also be a Class teacher can apply.

Music teacher with his/her own musical musical instrument should apply.

Minimum qualification is NCE.

Candidates should reside in or close to Kubwa.

Send details, name, qualification, age, location, e.g( Ada, NCE, 25, Kubwa) or call 08120353977.

Qualified candidates will be appointed immediately to resume this August.

Deadline is 6th August, 2019

Female Teachers are urgently needed in a school.

French Teacher who can also be a Class teacher can apply.

Music teacher with his/her own musical musical instrument should apply.

Minimum qualification is NCE.

Candidates should reside in or close to Kubwa.

Send details, name, qualification, age, location, e.g( Ada, NCE, 25, Kubwa) or call 08120353977.

Qualified candidates will be appointed immediately to resume this August.

Deadline is 6th August, 2019

Female Teachers are urgently needed in a school.

French Teacher who can also be a Class teacher can apply.

Music teacher with his/her own musical musical instrument should apply.

Minimum qualification is NCE.

Candidates should reside in or close to Kubwa.

Send details, name, qualification, age, location, e.g( Ada, NCE, 25, Kubwa) or call 08120353977.

Qualified candidates will be appointed immediately to resume this August.

Deadline is 6th August, 2019

Please what can one do to treat jaundice for newborns at home aside sunlight, cos the sun hardly shines this rainy season. I have used photo therapy for 7 days now with no much improvement.

Vacancy is still available...... Send details to the given number.....

Position still available.
Deadline is 24th of this month.

A Nursery and Primary School along Arab road, Kubwa, is in urgent need of a Cleaner.
Requirement - A female. Must be very fluent in oral English and have good English writing skills. Must be neat, efficient, physically fit and punctual.

She must live in Kubwa and its environs.

Qualification- Minimum of SSCE.
Qualified candidates should send an SMS with full name and detailed qualification to 08120353977.

Deadline 24th June, 2019.

No comment from people. Does it mean no one has being told to pay for prepaid meter yet?

Please we need comments to be sure this is making progress and to know that there is hope.

Winodds22:
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This page is not for your advert. We are talking about serious issues here. Stop this please.

Hi everyone, it was said that we should apply online for the purchase of prepaid meters. After that, we will be contacted and told the mode of payment. After payment, we will receive our prepaid meters 10 days after payment.

I registered about 3 weeks ago and have not being called. I receive monthly estimated bill of 31k now. I really need this prepaid meter because the bill now is outrageous.

Has anyone in Abuja being called, paid, and prepaid meter installed? Please let us know if there is any progress on this by sharing with us.

Thank you.

Thanks

I think your tyre is about to pull out be that.... Please visit your mechanic ASAP

Shaft giving you a warning.
Thanks

Pls gurus in the house, my new EOD 2004 steering makes click sound as I turn the steering like every 90 degree. is it normal. I am not used to Honda EOD at all. Thanks

Bearings[/quote]Thanks for your response.

Please it was driven all the way from warri to me in Abuja. where are the bearings located in the car and what should be done abt them.

Please my new EOD makes a loud sound when driving with speed on the express road. when driving slowly on inner streets, its noiseless. I want to know if its normal. The noise is too much. Even my old Toyota Camry does not make such noise. The mechanic asked me to raise the car, which I did. the noise wasn't heard. it only occurs with speed on the express. Please I need answers. Thanks.

keleto:
No body has responded. If is a matter of speed of delivery,I won't mind usinf icas or ices. Am not that much in a hurry

But do they use statement of results cos I heard that WES uses statement of result. I cannot go through the hassle of transcript cos I am far away from my school.

Bibididi:
Hello guys for folks who need help for processing waec result, whether you are out of Lagos or don't just have the time. Let us take the stress off you at a fee. This is a reliable and bankable option. Hit me up on 07033971645 let's get started. A trial will convince you.

How do u go about it and what are the things to be sent to u? Secondly, how do I know that you have processed everything? Remember Wasc needs to send it to WES.