₦airaland Forum

Oga Feelamong and other gurus, please what is the advisable rate for 364 days?

Yes sir, mine has entered this morning.

Tritri:
@munezo did you get urs yet?

I have not seen alert too, will ask my account officer tomorrow.

Tritri:
Did anyone gethis or her coupon from the 2020 bond yet? Am worried

Very nice write up but like the distance between the earth and sun, true love should last. If it doesn't, it should not be spiteful thereafter.

My account officer in Stanbic IBTC has informed me that the bank's bid did not go through because it was above the stop rate. Meaning, all those who went with the bank rate will not be debited as their bids are unsuccessful.

But customers who placed their own rate that falls below the stop rate, went through.

You can open a savings account with Stanbic for your TBills and Bond purchases. My account with them is Savings.

vinnyvinny:
. Stanbic insist I must open a current account rather than savings for NTB. Pls is that the case for those using Stanbic.

Going with their rate is a wise decision, it is the bank I use too, and I am going with their rate also.

Chidieberelex:
I was at Stanbicibtc bank today to submit my bid. I am new to ntb, after reading through the post I decided to go with the bank rate. I hope my decision won't back fire. The staff kind of pushed it down my neck to go with bank rate. I know my I still have the option of saying no to them! If I am to choose my rate I would say 364----18%, 182-------16.50%, 91-------14.59%

chibuikegn:
U re funny. U open 2 accounts here. U post with one and use d other to support by commenting ok. That is good. It is called multiple steam of communication. ...Ebiwwz38 & imrany20

How did you decipher that chibuikegn? You must be a staff of SSS. Lolz

Omotolani513:
Thanks alot Munezo, u are simply amazing. God bless u plentiful. will visit the bank tomorrow. Thanks once again

You are welcome Omotolani513, all the best.

easyflow:
Please which of the banks allows one to choose his/her own rates.

Stanbic IBTC bank allows you to choose your rate, but I think it is wiser to go with their rate.

Rizin:
Good morning all. can someone invest more than once in the same bank with out the expiry of the first investment on TB.

Yes, you can invest more than once through the same bank

Omotolani513:
Thanks alot Munezo. You have really bin of great help. Will put the duration into consideration. So am thinking if I go for lets say 15% at 365 day in January, but in March there's an increase to lets say 19%. What happens then?

When you invest in January at 15%, the interest rate will be paid to you instantly while you will get your 100% principal in 365 days time. If the rate goes up to 19% in March, that does not affect you. You can also place another bid to key into the new 19% rate if you wish

Omotolani513:
Thanks alot Munezo. I really do appreciate your response. Am considering the 91 day duration. Do u have an idea of what rate will make sense so I don't lose out eventually

Ok, well I personally do not like doing anything less than 364 days because the interest rates on 182 and 91 days are not attractive to me, you know they are calculated yearly.

The money I put in TBills are money I will very likely not touch for a long time so I wait for the maturity date when my principal will be paid back.

Keep your tabs on this thread to know the rates the gurus in the house will recommend for next bidding.

Yes you can.

FIDELITY24:
Can I invest 280 thousand in Tbills or must the money be in round number like 300 thousand?

Omotolani513:
Hello guys, I posted a question yesterday & till now nobody has answered...pls guys, I wanna invest too... feelamong....pls help. am really expectant.
This is what I posted yesterday...

hi guys, Pls help.....
this is the rate I got from first Bank today... they said its from d last bidding...what do u think guys... am a novice...this is my first time...
91 days -14.14%
182 days - 15.48%
364 days - 16.48%
Pls who has an idea of Gtbank rating?

First bank has given you the bid rates for the last auction, what you need to do is decide the amount you want to invest, the duration and the rate. From feelamong's post, the rates are going up, so you may give First bank a rate higher than that of the last auction.

You should place your bid with them by monday.

Ebiwwz38:
u Mr forever, I never insulted u in any way, I Just brought an info which was concluded in Abuja, it Will shock u to know I was part of that meeting, u don't raise abuses on people u know nothing about them, my advice to u.

You were part of the meeting? This is serious. Thank you for the info.

Whoever does not know how to write an application letter for this NUC job is not fit for the vacancy.

okangisaiah:
Thank you so much. I appreciate your advice

You are welcome

Danfuster:


I do appreciate you taking out time to clarify some thing.

I think their is a fowl play somewhere, I compared the stop rate you got in your inbox with that which @feelamong posted, it seems Eco bank stop rate is a lot lower. I don't wanna point fingers yet

There is no fowl play, ummitoagirl has made it clear that Eco Bank does not allow you to choose your rate but give you their own recommended rate. I have also said that Stanbic IBTC Bank allows you to choose your rate or go with theirs if you wish. With time we will be able to know how all the banks operate as we share our experiences with dealing with them here.

okangisaiah:
Hello house! PLEASE I NEED SOMEONE TO HELP ME OUT.

1st semester I had 9 courses but wrote 5 (due to Pregie and delvry.)

This semester I have 8 courses with 23 credit units.

I wanted to write all at the same time but someone said its only if my present semester credit unit will allow me .

BASED ON WHAT I HAVE WRITTEN ABOVE, CAN ANYONE HELP ME OUT?

You can not write more than 24 credit load per semester. So write the 8 courses (23 credit) if you can, then for next 4 semesters, add the four you missed one per semester. Remember, it is not how far but how well and good.

All the best

just2endowed:
thanks for your response. But at the beginning of this thread, it was stated one can drop its rate and bid by him/herself. so guru and investors in the house, is it that one cannot choose his or her own bid rate? Please lets clarify this statement.

I intend to drop my rate

just2endowed:
thanks for your response. But at the beginning of this thread, it was stated one can drop its rate and bid by him/herself. so guru and investors in the house, is it that one cannot choose his or her own bid rate? Please lets clarify this statement.
I intend to drop my rate

The standard practice is for you to give the bank your rate but some banks prefers you to go with their rate. Some banks may even want to corner you to buy from them from the secondary market.

It is important to always tell them it is your rate and it is for the primary market bidding. Stanbic IBTC allows you to choose your rate or go with their rate if you wish.

alimat216:
what is so special about this n.p.a fire service recruitment that had to be going all those stress.
hmmm

I don't understand this NPA people, why are they so disorganized? How many years will it take them to wrap up a simple recruitment of one unit of their organization?

It is well. Whoever misses this offer will get a better one. This offer is not the end of the world.

It is well again

Are you saying you have received text message?

bigtime652:
ALHANDULILLAH FOR WHAT GOD DID TO ME THIS MORNING OF 18/7/2016 . AM VERY GRATEFULL . IT HAPPEN TO BE AM ONE OF THE LOCKY ONE IN MY STATE WE MEET @ TRAINING GROUND, SOMEONE MAY ASK HOW DO I COME TO KNOW AM ONE OF D LOCKY ONE? IS SIMPLE CONTACT D PERSON THAT CALLED ND INTERVIEWED U B4 OUR INTERVIEW..
I WISH U ALL D BEST

This book MONEY, MASTER THE GAME by TONY ROBBINS is a good read. It is one of the best books you will read concerning personal finance and financial freedom.

You can get a f.ree soft copy online or purchase the hard copy.

Enjoy

Stay with the Abeokuta job, it looks like they have good staff welfare at heart.

Pension and Insurance are mandatory for all companies to pay, so your Abeokuta company will comply. 13th month is an end of year bonus your Abeokuta job can pay too.

50k for a job in Lagos is really bad. Stay in Abeokuta, living cost is lesser there.

Forget the Lagos job bro.

Congrats

I still have a feeling that we are in for another long wait because everything will now depend on the approval of the new MD.

Perhaps something went wrong between the Minister of Transport and the sacked MD. Lord knows.

God help us

BREAKING

Now that the MD has been changed, how will it affect us?

It was publicised in today's NTA 9pm news.

In a bid to inject a fresh pair of hands to run the Nigerian Ports Authority (NPA), the Minister of Transportation, Mr. Chibuike Amaechi, has submitted Ms. Hadiza Bala Usman’s name to President Muhammadu Buhari to take over as the new managing director of NPA, THISDAY has learnt.

Should Buhari approve the recommendation, Ms. Bala Usman, 40, will become the first female chief executive of a top tier federal government agency and of the NPA.

She shall take over from Alhaji Habib Abdullahi, who was reinstated by Buhari in August 2015 as the managing director of NPA, after he had been shown the exit by former President Goodluck Jonathan in April 2015.

Sources in the presidency, who confirmed that Ms. Bala Usman’s name had been sent to the president, said Amaechi had decided to make the changes in order to overhaul the NPA.

Amaechi, it was gathered, is not particularly impressed with the way the NPA was being run and has decided to effect a change of the executive team as soon as possible.

A presidency source said that the minute Ms. Bala Usman’s name was submitted to the president, Buhari was happy to consider the recommendation, given the past relationship he had with her father, the late Prof. Yusufu Bala Usman, who was a renowned Ahmadu Bello University (ABU) academic, historian and activist before his death some years ago.

Amaechi was also believed to have recommended Ms. Bala Usman, on the grounds that two chief executives of the foremost parastatals under his ministry – Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Railway Corporation (NRC) – are from the south, and he would rather have an equitable distribution of appointments into the agencies under his ministry.

Ms. Bala Usman, who is currently the chief of staff to the Kaduna State Governor, Nasir el-Rufai, and a member of the All Progressives Congress (APC), was born in Zaria, Kaduna State, on January 2, 1976.

She grew up close to the ABU campus where her father worked and obtained her Bachelor’s degree in 2000 from the same university and her Master’s degree from the University of Leeds in 2009.

She worked for a non-governmental organisation, the Centre for Democratic Development and Research Training (CEDDERT) in Zaria, as a research assistant for a year starting in 1999.

She also worked for the Bureau of Public Enterprises (BPE) when el-Rufai was the director-general of the privatisation agency and moved with him to work as his Special Assistant on Project Implementation.

In 2011, she worked as Director of Strategy for the Good Governance Group (3G). In 2015, she was appointed Chief of Staff to the Kaduna State governor.

She shot to national prominence in 2014 when Boko Haram insurgents kidnapped 276 girls from their secondary school in Chibok, Borno State.

Following in her father’s footsteps, Ms. Bala Usman, in conjunction with the former Minister of Education, Mrs. Oby Ezekwesili, co-founded the #BringBackOurGirls (BBOG), which brought global attention to the plight of the kidnapped schoolgirls.

She is married to Dr. Tanimu Yakubu, former Chief Economic Adviser to the late President Umaru Musa Yar’Adua, and they have two sons.

1. Determine the amount of the savings you CAN NOT afford to lose no matter what happens. Invest that amount on Bonds and Treasury Bills.

2. Determine the amount of the savings you CAN afford to lose or risk. Invest that amount on the stock market, make sure you buy stocks with good value and your objective should be long term.

3. Invest in your personal finance know-how (Financial Literacy). Go read up Usiere Uko's "Practical Steps To Financial Freedom and Independence" and Tony Robbin's "Money; Master The Game".

This number 3 is the most important.

Stay blessed

For your information and noting, please.


https://www.nairaland.com/3209073/controversy-trails-police-recruitment-sack

Another week is going o, yet ...