₦airaland Forum

Itsrm:
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

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

Same here , I'm betting heavily on the Naira right now , the rate is too good to ignore and I don't see the Naira getting battered in the nearest future.

Odunharry:
30% level.. Itsrm how far.

CBN is doing well. Closest we've had to rate of inflation. There's really less incentive to stock up USD in the short term.

Itsrm:
Wednesday. The last for the year.

. Oh thanks..the next one will be January 2025

tabithababy:
. Oh thanks..the next one will be January 2025

Someone said there will be auction for 1st quarter 2025 this year and I think he's right.

563bn will be maturing on the 5th of December and 256bn one week later.

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

How are you guys doing it?....access bank told me it's 20% for a 1year bills...

Nakedman:
Oh wow

Pls can I still invest in t bills or is closed for this year
Thank you

Good afternoon
Pls when is the next auction for T-bill, can I still bid or till next year

I need response urgently.

Good day please anyone sub the august saving bond, yesterday coupon hasn't come, just to be comfortable that it is general

youngestland:
Good day please anyone sub the august saving bond, yesterday coupon hasn't come, just to be comfortable that it is general

It’s just been paid you can check now

heavenisreal18:
Good afternoon
Pls when is the next auction for T-bill, can I still bid or till next year

I need response urgently.

You need response urgently. Meanwhile, the response to your question is just 5-6 posts above yours.

Read

Itsrm:
You need response urgently. Meanwhile, the response to your question is just 5-6 posts above yours.

Read

is confusing, pls help abeg

heavenisreal18:
is confusing, pls help abeg

The 1st quarter 2025 calendar is not officially out but there is likely to be an auction on the 4th of December. Keep an eye on this space, further updates will be given as soon as it becomes official

Shalom428:
The 1st quarter 2025 calendar is not officially out but there is likely to be an auction on the 4th of December. Keep an eye on this space, further updates will be given as soon as it becomes official

Thank you

efismikoko:
It’s just been paid you can check now

all correct now

All hail trump for d increases in tbills rate

Good evening to all the gurus in the house.

I will be very grateful if anyone can kindly explain why Zenith bank did not charge the 10% withholding tax from the interest proceed of the primary market purchase on 20th November 2024, using a personal (and not company) account, in contrast to Sterling bank that deducted the 10% withholding tax on the proceed of the Treasury bills purchase, also via a personal bank account. Many thanks.

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

You cannot get a yield of 29% with less than 50m and I stand to be corrected.

You can't even bid in the primary market with less than 50m.

If you think otherwise, drop the name of the bank and location of the branch where you conducted the txn and I will go there to verify for the house

It will be deducted after maturity

dejiotus:
Good evening to all the gurus in the house.

I will be very grateful if anyone can kindly explain why Zenith bank did not charge the 10% withholding tax from the interest proceed of the primary market purchase on 20th November 2024, using a personal (and not company) account, in contrast to Sterling bank that deducted the 10% withholding tax on the proceed of the Treasury bills purchase, also via a personal bank account. Many thanks.

Shalom428:
The 1st quarter 2025 calendar is not officially out but there is likely to be an auction on the 4th of December. Keep an eye on this space, further updates will be given as soon as it becomes official

Update.!

Itsrm:
N100,000

please what bank?

koreanlord:
please what bank?

Stanbic, First Bank. Stanbic for the best rates (bid may be unsuccessful).

Fbns bid hardly ever fails. Rate is also likely to be lower because they are usually conservative. Last auction ended at 23.5% with bids between 22-28%.

Fbn managed to get in their bid at 22% which is the lowest of the range. This translates to yield of 28.2%.

Hi guys, please can you bid in the primary market with an amount less than 50m and go with whatever rate the bank is bidding? Or your funds must be 50m+ B4 u can participate in primary market

Hello house, Is Tbills Auction going to hold next week?

Itsrm:
Stanbic, First Bank. Stanbic for the best rates (bid may be unsuccessful).

Fbns bid hardly ever fails. Rate is also likely to be lower because they are usually conservative. Last auction ended at 23.5% with bids between 22-28%.

Fbn managed to get in their bid at 22% which is the lowest of the range. This translates to yield of 28.2%.

wow...thanks a lot...time to port...access always quoting nonsense

Can someone please show me how they convert 'Discount Rate" to "Yield"?

chukzyfcbb:
You cannot get a yield of 29% with less than 50m and I stand to be corrected.

You can't even bid in the primary market with less than 50m.

If you think otherwise, drop the name of the bank and location of the branch where you conducted the txn and I will go there to verify for the house

Lol you can get 28 or even close with 100k.. Don't bet.

creategist:
Can someone please show me how they convert 'Discount Rate" to "Yield"?

When investing, they provide 22% of your initial investment (X) upfront. Effectively, you invest (X - 22% of X).

At the end, you receive back your initial X. This means you've earned 22% of X on a reduced investment base.


The key calculation is: 22% ÷ (1 - 22%) = 28%.


This formula is generalizable - you can replace 22% with any other percentage, and the same ormula applies.

vanvickie:
Hi guys, please can you bid in the primary market with an amount less than 50m and go with whatever rate the bank is bidding? Or your funds must be 50m+ B4 u can participate in primary market

You can do both primary and secondary with as low as 100,000. If you have 50m and above you can give them your rate or just go with theirs

Nakedman:
Hello house, Is Tbills Auction going to hold next week?

Yes. Check the attachment below

Odunharry:
Lol you can get 28 or even close with 100k.. Don't bet.

Drop the name of the bank and location of the branch, simple