safex:

Same with Zenith Bank. How come we got 20% when the stop rate is 21%, or am I missing something

A bank only gets what it bidded even if it is below thr Stop Rate. If it is above the Stop Rate, the bid fails.

safex:

Same with Zenith Bank. How come we got 20% when the stop rate is 21%, or am I missing something

The bank bidded 20%. So even if rates go as high as 25%, They only get 20%. but if they bid above the stop rate, it fails. In my form i went with bank rate, so there it is.

egojeny1:

I tire. See how he talked to an elder.

Dullards full here sha. Because person put 1960 for him name, dullards believe say the man was born in that year. Na wa o

Mills55:


Stanbic 364 days failed. I have been refunded. You can check your account balance too.

Did you check again?

Oshokhai69:


Dullards full here sha. Because person put 1960 for him name, dullards believe say the man was born in that year. Na wa o

Continue

egojeny1:

Continue

Just ignore the fool.
And that's not an insult. Only a logical inference based on what he/she has displayed.

I haven't bought T-Bills in a long time now, does any one mind answering these?:
1. Do banks now accept bids below 50m for PMAs?
2. That would mean I have to go with the bank's rate for bids below 50m yes?

One awesome idiot upstairs dey call him papa fool. Na wa o

awesomeJ:

Just ignore the fool.
And that's not an insult. Only a logical inference based on what he/she has displayed.

It seems he just discovered this thread and he is trying to get noticed.

awesomeJ:
I haven't bought T-Bills in a long time now, does any one mind answering these?:
1. Do banks now accept bids below 50m for PMAs?
2. That would mean I have to go with the bank's rate for bids below 50m yes?

Yes. You only supply your rate if you have N50m but do not know if there are banks that waive it.

I always go with bank rate to reduce the risk of failure as they have more access to information.

NL1960:


Yes. You only supply your rate if you have N50m but do not know if there are banks that waive it.

I always go with bank rate to reduce the risk of failure as they have more access to information.

Thank you sir.

Losing out on extra 1% yield vs losing out on extra two weeks.

Here's the math on a 50m investment.
1% loss = 500k.

Two weeks interest at 20% = 385k.

I agree the 15k isn't worth the risk.

awesomeJ:

Thank you sir.

Losing out on extra 1% yield vs losing out on extra two weeks.

Here's the math on a 50m investment.
1% loss = 500k.

Two weeks interest at 20% = 385k.

I agree the 15k isn't worth the risk.

In your village, 500k - 385k na 15k abi? That’s why I talk say dullards yapa for here..

Nichee:
You are right my money has been refunded since morning, they even reach out to me on their secondary market, offering 16.50% for 360days.

That rate is low. Don't accept anything less than 22.

Odunharry:

That rate is low. Don't accept anything less than 22.

22 is ambitious.
20 is more like it for secondary market.

The pressure to lure in FPIs is easing off though.

We may start seeing sub 20% in the next 3-4 PMAs.

Oshokhai69:


In your village, 500k - 385k na 15k abi? That’s why I talk say dullards yapa for here..

Dull, dullard are those the only words in your dull head? You are nothing but a cretin for insulting people in a supposedly professional forum.

See another dullard upstairs calling his grandfather a cretin. Na wa o.

awesomeJ:

It was obviously fake news at the time, but it may be true by April.

FX turnover that was doing $50m -$80m daily last year, did $859m yesterday. That's almost $1bn in a single day.

Most of us knew supply was the issue, now it looks like we may soon be seeing over supply.

Whats the source of this forex?

Oshokhai69:
See another dullard upstairs calling his grandfather a cretin. Na wa o.

You need to stop this please. This is a place to learn and give ideas. We are all adults and should behave like one.

awesomeJ:
I haven't bought T-Bills in a long time now, does any one mind answering these?:
1. Do banks now accept bids below 50m for PMAs?
2. That would mean I have to go with the bank's rate for bids below 50m yes?

Just go with the bank rate. You should be able to get 20%.

Nakedman:


You need to stop this please. This is a place to learn and give ideas. We are all adults and should behave like one.

Go and say the same to the idiots insulting their fathers!

jedisco:


Whats the source of this forex?

FPIs brought in over $1.5bn this week.

Nakedman:


Did you check again?

I just checked now. It went through. Good one from stanbic. They first refunded the total sum, before deducting the face value, leaving the interest.

Mills55:


I just checked now. It went through. Good one from stanbic. They first refunded the total sum, before deducting the face value, leaving the interest.

At what rate please?

awesomeJ:


22 is ambitious.
20 is more like it for secondary market.

The pressure to lure in FPIs is easing off though.

We may start seeing sub 20% in the next 3-4 PMAs.

Let's see what the next auction will look like.. So far, we have seen improvements in the last four auction for 364days Tenure.

awesomeJ:

FPIs brought in over $1.5bn this week.

As one economist described FPIs, they are like hawks seeking liquidity who would flee at the earliest sign of danger.

We've been down this route before and it ultimately led to further devaluation of the naira. I remember folks here praising Emefiele for devaluing the naira to catch out FPIs withdrawing funds in 2019 ish. What happens after a year or two when these FPIs want to move elsewhere en-masse to catch the next shiny thing?

Even foreign investments can manytimes be a fine line except when there is good regulation and buy-in
Ultimately, the longterm solution to earn forex by means of economic output. Any other measure would at vest buy us time.

Mills55:


I just checked now. It went through. Good one from stanbic. They first refunded the total sum, before deducting the face value, leaving the interest.

na 5-6 days stanbic dey use to debit me. They just debit only safe keeping fee now . Probably till next week b4 they will deduct face value. Same thing they did last auction

jedisco:


As one economist described FPIs, they are like hawks seeking liquidity who would flee at the earliest sign of danger.

We've been down this route before and it ultimately led to further devaluation of the naira. I remember folks here praising Emefiele for devaluing the naira to catch out FPIs withdrawing funds in 2019 ish. What happens after a year or two when these FPIs want to move elsewhere en-masse to catch the next shiny thing?

Even foreign investments can manytimes be a fine line except when there is good regulation and buy-in
Ultimately, the longterm solution to earn forex by means of economic output. Any other measure would at vest buy us time.

I completely agree.
And I think the CBN understands that the inflows are only buying us time (12 months) to get our acts together. Whether or not we do is something to watch.

Good day Everyone,
Please I would like to know if investing in Ghana TB is a good decision. I am a Nigerian living temporarily in Ghana. currently, TB rate in Ghana for 364 days is at 28.5%. please I need your opinions. thank you. Also, Please investment house vs bank which one is preferable if one is to invest in TB

Plus10:

At what rate please?

I think it's 20 percent.

Mills55:


I just checked now. It went through. Good one from stanbic. They first refunded the total sum, before deducting the face value, leaving the interest.

Enjoy.

.

Nakedman:


The bank bidded 20%. So even if rates go as high as 25%, They only get 20%. but if they bid above the stop rate, it fails. In my form i went with bank rate, so there it is.

NL1960:


A bank only gets what it bidded even if it is below thr Stop Rate. If it is above the Stop Rate, the bid fails.

Thanks for your responses. I thought ZBN has done ojoro for me