₦airaland Forum

NL1960:
From the TB 4th quarter calendar posted here, it seems there is another auction next week. I intend to use my matured Stanbic 364 days to bid for that. Will visit the bank on Monday to confirm that there is an auction.

kamsy4God:
Bro Pls confirm if there is another auction next week and share. Awaiting your reply.

My assumption was based on the attached 4th quarter calendar. From it, iam seeing that the maturing TBs are being rollover. The maturing TBs have to be paid to investors and if the CBN does not have the ready cash to pay the investors, they will have to issue fresh or rollover existing TBs in order to pay. Will also visit my bank tomorrow to confirm as i need to re-invest my matured TB.

The gurus in the house can weigh in on this as iam a learner.

kamsy4God:
My TB matured today so I missed out from yesterday own. I have extra cash to add to the previous one.
My questions are :
1)Should I wait for 2weeks for the next auction or should I buy from secondary market (not done sec market b4)
2)l bank with both FBN and Stanbic, but have been doing TB with only FBN for 2years now, should I split the fund into two so I can do with Stanbic as well?
What do you guys think.

From the TB 4th quarter calendar posted here, it seems there is another auction next week. I intend to use my matured Stanbic 364 days to bid for that. Will visit the bank on Monday to confirm that there is an auction.

ukay2:
Stanbic alert.....successful 364days.....

My own alert for Stanbic 364 days just landed. Looks like 13%. Make i go drink stout with some of the upfront interest.

Bobbyshafto:
Please, I want to ask, the bid you made at Stanbic for August 30 auction, was it successful? I submitted my bid through UBA on 27th August in preparation for 30th bid, but I didn't hear anything from the bank; only to visit them this week to be told they couldn't make any bid. I am thinking of porting. Pls, confirm if yours was successful by quoting me back, I swear, I will port to Stanbic on Monday.

Yours,

I did not bid on August 30 auction. It was my GTB TB that matured on that day.

4601CE:
Can I request via email with Stanbic too?

I cannot say. My branch is close to where i work. So i normally go there to fill the form. When i was doing with GTB, i normally write a letter and drop with my account officer.

You can send a mail to their customer care email to find out if you can request via email or call your branch.

Ikmontana1:
pls boss,
Is it possible to make a bid in d primary market, even though d funds/money are not readily available in d bank account ??
cos u said u made a bid in dis week primary market even though ur matured t-bills have nt been credited to ur account.

zamirikpo:
Well it depends on the understanding u have with ur TB bank staff. I have done it several times but u must ensure that the funds hit the account latest monday before close of work, the week of the auctions.

For Stanbic, a hold is placed on your account for the amount you bidding for. So if the funds is not in your account as at when the bid is to be done, na OYO. It effectively means you did not bid.

Btw, i used my TB that matured on August 30, 2018 in GTB for my bid in Stanbic. When my new account officer was trying to play some games with me when i asked for secondary market, i did not waste time. I just move the funds sharp sharp to Stanbic as Stanbic has been my main bank for several years now. No be me one 'small' boy wen dey learn banking wan take learn.

Gavrelino123:
Matured yesterday "Wednesday"..?
Sounds strange.
I taught TB normally matures on "Thursday"..?
Kindly enlightened me on this...!
Thanks.

No vex. I mean matured today September 13, 2018. The alert for the matured funds just dropped now from Stanbic. Now waiting for debit from the same Stanbic for yesterday's primary market bid to know if it was successful.

zamirikpo:
I have been holding some funds for the past 3weeks in anticipation of the rates hitting 15%. , one more primary auction before I make my move.
Happy days I hope...

I have a Stanbic 364 days that matured yesterday. Once the funds hit my account, i will likely wait to see the direction of rates before re-investing.

4601CE:
Iffahear
Is it not the same NL1960 I sabi in the property section.

Even me self dey wonder if na the same. I dey suspect say na the clone of the one in property section.

IHelp:
You might like the FGN savings bond. Do check it out if you have not.

Thanks but i know about FGN bonds. I only do TBs for now as it is one year. FGN bonds is 2 and 3 years. Maybe if in future, FGN bonds rate goes above TB rate, i might take a look at it.

creamylicious:
Which one is mmf again ooooo? People like us that can use 12 months to raise only 180k with hunger, e be like say respite don dey. Edakun, what's mmf? Maybe that would be a stepping stone to bigger things because na million million people full this TB thread since I joined

This is a good amount for MMF and try to be consistent in the 12 months. Never knew about MMF. So i started with savings account and built over a long period before i delved into Treasury bills. I still have the savings account where i still put aside on a monthly basis for a targeted 12 months period. It is not easy sha with soaking garri and hunger to achieve that.

C505:
Bro please can you explain more because I never did TB. I've always invested in MMF. But all the loud noises of TB that drowns the voice of MMF investors makes it look as though TB compared to MMF is like the difference between Bsc and HND.

Based on my research, both are six of one and half a dozen of the other

From your angle, just point the flashlight and let me see what you're seeing.

I will say that if your money is small and comes in trickles, you should go for MMF and then build a reasonable amount there after which you move such to TB. TB is sweet when the money is not small.

Adegokenath:
pls @ what % rate?

I have completed the form for the next primary market bid which is tomorrow, Wednesday, 12, 2018. Primary market rates are not known until after the bid. I was shown the rate for the last primary bid which was 13.something.

Nnamz:
People probably skipped your question because of the complex Mathematics involved in it, but I took the pleasure in solving it for you. And I've got the answer for you brother

Go for the 101 days. It is a very good offer. And I'll explain why here. Will try to make sure it isn't confusing.

Assuming you wanted to invest 1,000,000 Naira. Say you invested it for 364 days at 11%. You would get an interest of 110,000 Naira, right? Okay. Now when you you invest this 1,000,000 Naira at 10.80% for 101 days, you are getting 29,967 Naira (please I hope you know how I got this, else please read previous pages . Now here comes the difficult part. Since your goal is to invest for 1 year and get that sweet (though poor) 11%, what you can do is to reinvest your money, after it matures, within that 364 days period. Divide 364 days by the 101 days and you would get 3.6. Now multiply that 29,967 Naira interest (that you get after the 101 days) by the 3.6 (364 days by 101 days), and that gives you 107,999.9 Naira. So now you can see that if you invested your 1,000,000 Naira for every 101 days until the 364th day (364 days divided by 101 days, times the interest of 29,967 Naira), you would be getting 107,999.9 Naira, a mere difference of 2000.1 Naira if you did it for 364 days at 11%.

I doubt if this would make sense to anyone, but I would really appreciate it if you could like this if it made sense to you. Would just like to know I got across to at least one person haha

What is the probability of getting another 10.8% for 101 days after the maturity of the first 101 days or subsequent 101 days and what is also the probability of getting it immediately without a loss of any day?. Just multiplying by 3.6(364/101) is too theoretical in my opinion.

Phyde:
Which of the branch sir? Festac branch is frustrating.

My branch is Yinka Folawiyo plaza branch , Warehouse road, Apapa.

The secondary market tenor available was not attractive. I have been monitoring the available secondary market tenors since last week with the mind that if i get 300+, i pick it otherwise i wait for primary market.

GetPosted:
Please when is the next primary market auction?
Does anyone have the Calendar?

This week, Wednesday September 12, 2018.

If you have not gone to your Bank to fill the form, you better run there immediately otherwise tomorrow might be late. I just came back from filling mine at Stanbic.

Meanwhile, make all those wen dey quarrel over nothing continue.

zamirikpo:
Am waiting for primary market ooh, it has to be 364days........sept things/school fees........if u know u know.....

My plan was for school fees but i could not get 300+ days and school fees was demanded for. So i had to use reserve funds for the school fees as these days, you pay before resumption and na boarding.

Mfunkynation:
is 98 days @ 11.2% not good offer?

I was after the tenor as i was looking for a 300+ days tenor. Instead of doing 98 @ 11.2, i will rather wait and do a 364 days. The upfront interest for 98 days will not solve for me what i want to use it for.

Phyde:
The last auction date was Aug 29th so, i guess the next date will be Sept 12th. I was at StanbicIBTC Festac branch some minutes back to make enquiry on their secondary market which is not too juicy (188days 11.09%, 98days 11.2% and 55days 10.08%) I just decided to filled form for the next primary market auction. The rude lady i met refused collecting my form saying no advise from head office to keep customers form and asked me to come with the already filled form a day before the auction date. PLEASE TBILL GURUS IN THE HOUSE, IS IT ADVISABLE TO GO WITH HER WORDS ?

Those were the tenors i was also told yesterday when i went which made me to opt for primary market next week. I will go back on Monday to fill the form.

Moses247:
Good evening fellas. I bought T. B of 1.3m yesterday at first bank for 303days at the rate of 11%, but what I don't understand is this. 117k was credited to Me as interest?? I was thinking of 130k or so? Abeg someone should make me understand Thank u

Iam looking for above 300 days tenor like this. Went late to Stanbic yesterday but could only see 57 and 67 days. Will try again this morning. If no show, na to wait for primary market then.

lolaluv1:
The bank is GTB.
Though I suspect the issue is with the account officer and not the service. Because I asked her to give me the available rates and she stated she doesnt know yet. But writing that they bid at the prevailing rate would allow them bid for me at they rate they (GTB) are bidding. I will find all the information regarding the TB and the charges and write here.

I went to GTB this early morning to inquire about secondary market when the mail i sent to my account officer yesterday bounced and her number was not going through. I was told that she no longer works and was introduced to another person who looks like a 'fresher' to me. Na 'small' boy from my assessment. The guy checked and said that tenors were not yet available as at 8.00am and that it will be available by 10.00am. He promised to get back to me by call or email and till now, i have not yet heard from him and unfortunately i did not take his contact details. If by end of today, there is no word from him, na to transfer my money to Stanbic tomorrow. Worse case i go do primary market next week for Stanbic if i cannot get my desired tenor from them. I no ready to go back and forth with a 'learner' account officer.

Please does anybody have an idea of GTbank secondary market tenors and rates for today?. I intend going there tomorrow for secondary market. If they do not have anything attractive, i might as well wait for next week primary market.

Gavrelino123:
I just got debitted GTBANK.....11.6%@ 195 days..
At least it's manageable other than waiting for an unpredictable Bi-week.

I will call my account officer on Monday. If i cannot get above 300 or close to it, i might have to try Stanbic. I also have a Stanbic TB maturing on September 13. School resumption is not leaving me enough room to maneuver.

Gavrelino123:
Thanks,i already did that,she told me she has only 195 days @ 11% available for secondary Markets.....I reciprocated that she swings into action with immediate effect....!!!
I would have preferred a day closest to 364 days....
Well,i just hope to be debited today by God's grace..!!
I'm tired of all these failed bid..!!!!!!!!!

I have to be intelligent here,
I will be the one loosing "Each day i delay",because the actual interest is calculated on a daily basis in the Accounting World juxtaposed with reality...!!

This was why i asked if it is possible for Gtbank to have 300+ days next week if they loose this week 364 days. My thinking is that banks sell from their pool and if there was a failure of 364 days, will that not mean that they do not have any in their 364 days pool?.

zinaunreal:
Only your account officer would have a genuine idea of secondary rates for your bank. Try giving him/her a chat. I got tired of failed bids, im now a fan of secondary market

If GTbank 364 failed, are they likely to have a more than 300+ days secondary market deal next week?.

CanadianEnginee:
i went to my bank (stanbic) and was told that primary rate for 364 days is 13%. I so doubt it.
can anyone confirm this?

Barrytone:
https://www.businesspost.ng/2018/08/30/t-bills-yields-drop-0-20-as-cbn-sells-n207b-fresh-bills/

"However, the CBN received subscriptions worth N146.07 billion from the 364-day bill, but the bank sold N145.48 billion of the paper at 13.05 percent."

lancee:
Gavrelino have u gotten ur Alert !!..Mine Landed 4am

4am ke?. You go queue for the bank door?.

Gavrelino123:
Mehn,i like your style of investment planning and analysis.....This is my intention too..
God bless you and your investments...!!
Do you have any idea why GTBANK hasn't credited us..?
This is very un-usual of them......I'm gradually loosing my mind here...!!

Alert just landed. FG does not default.

Gavrelino123:
good morning house..
Has GTBANK credited anyone today..?
This is very strange,up till now,no credit notice...!
And my statement it has been written off in my internet statement of Account...!!!

Iam also waiting for their alert on my matured TB so that i can rush to secondary market. I need money for school fees. Na FG dey fund my kids schools fees now.

unite4real:
If that's how you calculate such investment, it means that same house of 5 million which will be sold for 15M after 10 years will then be about 45M in another 10 years. Bros abi babe, its not that mathematical. Living in Abuja for past 18 years, i have seen houses rise and fall seriously. A house bought for 2.2M was sold for around 8M after 10 years. The new owner sold it for 7M (after buying for 8M) after 3 years of ownership. Houses usually get to their peak on the graph and the only next option is to begin a fall.

I pay rent in a house that was sold to the Landlord for 23M in the year 2013. Recently, he put the house up for sale and the highest he got was 17M (to be paid in installment sef). He said to rather not sell instead of running at a loss.

If the transport system is improved better than presently, with all high speed rail lines criss-crossing Nigeria, and roads are repaired; i can assure you that it will further crash property prices further because living in Ibadan and working in Ikeja will be more cost effective. Living in Kaduna or Lokoja or Suleja and working in Abuja will be more cost effective. The issue of considering buying properties in high yield area will gradually balance itself out in favour of development catching up with satellite towns and adjourning cities to the cake locations.

Gbam.

People always think that properties will always appreciate. Whereas it is not true. A flat in the compound i stayed became vacant October last year. When we heard that the Landlord had put a rental price of 1m on it, we all laughed. The flat is still vacant. On Sunday, i heard a prospect being told it is 700k. People came around to inspect and none took it. When i asked the security man why they did not take, he said that the highest any of them offered was 400k.

When the landlord increased it last year, he said that anybody that do not want to pay should pack out and yet one flat that became vacant is still vacant and October will make it a year which is a loss of a year's rent. Imagine if about four of us had also packed out. I told my neigbour that iam not really bothered about the landlord increasing because he will soon get to a point where he can no longer increase and if he decides to still increase it after that point, i will now pack out so that he will be forced to place a lower rent on it after waiting for no rentage for several months and then i will come back to rent it at that lower price.

ahiboilandgas:
My friend built a house for 5.5 m naira in 2007 sold it for 27 million naira today having earn 5m as rent for the house over 10 year period 27+5 =33m ......if that money was in treasury bill it will be around 22.5 million hence extra 10 m was made ....this is a life experience oooh ..guys i think we should expand our portfolios even if he converted the fund to dollar 45000 dollar 10 year ago to buy dollar bond it will now be 81000 dollar at 6 percent which will be 29,0000000 million...

ahiboilandgas:
have u heard of the word cooperate tenate ,taking 5 year lease ..i have 4 tenate that have never defaulted more than 3 months to complete payments for the past 5 years ...we are talking about house not face me I also u tenate

You are just giving these details now after so much asking. Your original post said 'a house'. A face-me-i-face-you is a house now as people live in it. Face-me-i-face-you people normally say 'iam going to my house' and not 'iam going to my face-me-i-face-you'. .

ahiboilandgas:
I don't want to convince u ,if u know ,U know .....a single tenate occupy it for 10 years ....

No maintenance in 10 years. No tenant wahala and tenant non payment for 10 years. No stress to collect the yearly rent for 10 years. What a lucky Landlord.

Anyway, people have different investment goals and strategies.