₦airaland Forum

milliondollarma:
Team, I am yet to receive my coupon payment due on the Nov 10. I hope we are safe?.

Have you been sorted now

koreanlord:
how sir...I got an email today that rates are around 20% max for one year.. see the attached file...

Please where did you get 28-29% info from sir? I am completely lost...it's my first time though

That's Secondary market, at auction where you can get up to 29% YIELD, you need 50m+

And its possible the rate they gave you is discounted rate, go to CBN site to get last week stop rate

ernie4life:
That's Secondary market, at auction where you can get up to 29% YIELD, you need 50m+

And its possible the rate they gave you is discounted rate, go to CBN site to get last week stop rate

You don't need 50m+ to get yield of 29%

Hello, who subscribed to the FGN May 15th 19.89% bond? Payment was due today but did not receive any payment. Who is in the same boat?

MadmaxX489:
Hello, who subscribed to the FGN May 15th 19.89% bond? Payment was due today but did not receive any payment. Who is in the same boat?

Don’t worry we are many in this me I even have November last year and May

Hi - Please help me clculate cancellation charges for Tbills

364 days
Bank-FCMB
Invested amount - 6m Naira
Interest received upfront - 895,250 naira
Maturity date - Dec 7 2024

As. i have around 22 days to go till maturity date - i would like to terminate. Can someone pls help calculate how much the charges will be?

Itsrm:
You don't need 50m+ to get yield of 29%

how much do we need to invest?

koreanlord:
how much do we need to invest?

N100,000

Good morning everyone, please when is the next date for T bills auction

tabithababy:
Good morning everyone, please when is the next date for T bills auction

Wednesday. The last for the year.

Itsrm:
Wednesday. The last for the year.

Are you sure it's the last for the year?

ernie4life:
Are you sure it's the last for the year?

It shouldn't be. It may be the last one on the year's calendar but another first quarter 2025 calendar is likely to carry the auction dates for this December.

ernie4life:
Are you sure it's the last for the year?

https://www.nairametrics.com/2024/08/28/cbn-to-re-issue-n2-2-trillion-treasury-bills-in-q4-2024/%3famp=1

Hello,

Is it advisable to set the bid rate or to ask the bank ( StanbicIbtc) to bid for me?

I pray these people pay our coupons today

BTYL:
Hello,

Is it advisable to set the bid rate or to ask the bank ( StanbicIbtc) to bid for me?

Setting your bid rate na if you get 50M and above na or e coincided with the one wey the bank want choose if not anything less na bank rate na.

Hi gurus in the house,please I am currently outside the country, I would like to invest in Treasury bills,please how can I go about it? I am banking with GTbank and First bank.
Thanks for your response.

Oladelehelen:
Hi gurus in the house,please I am currently outside the country, I would like to invest in Treasury bills,please how can I go about it? I am banking with GTbank and First bank.
Thanks for your response.

It's possible, talk to ur account officer about it or mail ur bank to fill email indemnity form to enable u bid for Till through email.

Itsrm:
You don't need 50m+ to get yield of 29%

This is true. Even with 100k one can get 25% upwards

Odunharry:
This is true. Even with 100k one can get 25% upwards

THEN HOW COME EVEN WITH 3, 5 AND EVEN 6M GTB AND ZENITH INSIST I GO FOR SECONDARY MARKET BECAUSE I DON'T HAVE 50M. INFACT I HAVE NEVER DONE PRIMARY MARKET. THEY ALWAYS TURN ME DOWN 😭

MadmaxX489:
Hello, who subscribed to the FGN May 15th 19.89% bond? Payment was due today but did not receive any payment. Who is in the same boat?

Payment received today November 19th with extra days of interest.

Akerewe:
It's possible, talk to ur account officer about it or mail ur bank to fill email indemnity form to enable u bid for Till through email.

Thanks for the response @Akerewe

Risingcash94:
THEN HOW COME EVEN WITH 3, 5 AND EVEN 6M GTB AND ZENITH INSIST I GO FOR SECONDARY MARKET BECAUSE I DON'T HAVE 50M. INFACT I HAVE NEVER DONE PRIMARY MARKET. THEY ALWAYS TURN ME DOWN 😭

Then go to another branch. Or another bank. First Bank, Stanbic e.t.c.

Some of the people you meet in some of those banks don't know any better than you.

When they send treasury bill related mails from their HQ, most of them don't open it.

Risingcash94:
THEN HOW COME EVEN WITH 3, 5 AND EVEN 6M GTB AND ZENITH INSIST I GO FOR SECONDARY MARKET BECAUSE I DON'T HAVE 50M. INFACT I HAVE NEVER DONE PRIMARY MARKET. THEY ALWAYS TURN ME DOWN 😭

Most of the experienced bankers left the banking job these days.

Those guys u see are new Into the system nd there are no experienced staff to walk them through. So they don't know anything nd they might not sooner.

Global market is very broad nd if u r lucky to have experienced account officer u r lucky.

My account officer told me am not qualified for quick credit, but I later got the same quick credits through the same bank via the manager.

Good day guys,

Please what's the Auctions result for TBILLS today, Nov. 20th , 2024?

Today's rate

Shalom428:
Today's rate

Oh wow

Shalom428:
Today's rate

Nice one

Cash is King right now. This rate is unprecedented and it's likely to inch up if MPC tighten at the next meeting.

Risk free money dey sweet at this rate , if a lot of cash dey. Especially if you have good cash flow and you are compounding.

Shalom428:
Cash is King right now. This rate is unprecedented and it's likely to inch up if MPC tighten tomorrow / Friday.

Risk free money dey sweet at this rate , if a lot of cash dey. Especially if you have good cash flow and you are compounding.

Swears. Had to come out of retirement and pulled funds to invest. I don't see the naira depreciating to N2,200 a dollar within the next one year.

Prayer is for this bonanza to continue well into the coming year.

Shalom428:
Today's rate

30% level.. Itsrm how far.

I see naira crashing big time. 30 percent seems sweet, it's a sign that we should be worried. This is clearly not sustainable in the long run.