₦airaland Forum

heavenisreal18:
Pls is there t bill bidding today

Next week wednesday

Odunharry:
Next week wednesday

Since it's Wednesday, which day is it advisable to go to the bank?

Allboiz:
Since it's Wednesday, which day is it advisable to go to the bank?

Go before tuesday to submit your bid. You can also reach out to me.

09070058289

Odunharry:
Are you looking at primary or secondary market? and what tenure are you looking at?

please the the both in order for me to decide. Thanks

Please has anyone received first coupon pay out for October 2024 FGN Savings Bond?

It's due today.

Odunharry:
Go before tuesday to submit your bid. You can also reach out to me.

09070058289

Thank you

Odunharry:
Go before tuesday to submit your bid. You can also reach out to me.

09070058289

I was at the bank on Tuesday , account officer said bidding will be opened yesterday, only for her to tell me bidding wasn't opened yesterday. Some of the account officer don't understand the thing sef

[quote author=amiibaby post=133744401]please the the both in order for me to decide. Thanks [/quote

For secondary you don't need to wait till next week though. The rate may be a little lower than primary. I actually did secondary with Stanbic bank this week.

amiibaby:
please the the both in order for me to decide. Thanks

Primary market has 90,180 AND 364days tenure. The secondary market doesn't exceed a year also but you can invest for shorter tenure(28, 40,. 60,345 day etc). If you cant wait for 90days , kindly request rates from your bank and go for the secondary market.

heavenisreal18:
I was at the bank on Tuesday , account officer said bidding will be opened yesterday, only for her to tell me bidding wasn't opened yesterday. Some of the account officer don't understand the thing sef

Which bank? Kindly reach out to me let me guide you open and investment account for you.

09070058289

Odunharry:
Primary market has 90,180 AND 364days tenure. The secondary market doesn't exceed a year also but you can invest for shorter tenure(28, 40,. 60,345 day etc). If you cant wait for 90days , kindly request rates from your bank and go for the secondary market.

thanks

Odunharry:
Which bank? Kindly reach out to me let me guide you open and investment account for you.

09070058289

Which financial institution do you work with

[quote author=GodgraciousR post=133754578][/quote]what is the tenure and rate bro?

koreanlord
what is the tenure and rate bro

281 days @ 21.3

281 days @ 21.3

GodgraciousR:
koreanlord
what is the tenure and rate bro

281 days @ 21.3

ok bro thanks

oluayebenz:
It's possible with Gtb

Email your account officer

Very tedious, at least from my experience. One has to keep sending reminders.

Those guys are such annoying prycks these days

alezzy13:
Very tedious, at least from my experience. One has to keep sending reminders.

Those guys are such annoying prycks these days

Truth..

Good Govt Approved Layout Lands in Developing Areas Remain the King of Investments .
It bests Loss / inflation Making Naira investment in Treasury bills and Bonds
400 Sqm bought in Guzape Abuja for 20m in 2014 Sold for 400m
Land Bought for 800k in 2004 Sold for 130m Million.
Good Land repriced itself well absorbed all the devaluation of Naira or USD and Good Mark-up.
TB is a wasted and loss business
Invested 100m at 16 percent in 2023 USD was 720 to Naira ( 138000 USD)
After Tinibu floating
Everything land into 118,000/1600
74000 USD
Loss = 64000 USD Just Like that Govt is Yahoo
In the Same period was offered aLand at 3 Plots @ 32m naira each
They where sold recently For 240m
= 140 USD
Real Life experience Now poorer Camary 2017 I was planning to Buy @ 8m is now 16m
Young Investor I have taken the Bullets for you to learn don't do same Mistakes
This trend has been repeating itself for 20 years now .
Was Shouting is was

Plans was to grow Money to 200,000 USD then Exit
Assumption made was Floating Naira will Converge Naira @ 700 as Predicted by Economic Magazine ,world bank and Co by reinvesting 100m in TB @ 16 for 24 Months will amounts to about 140m /700 = 200 USD
Instead we where Scammed
Now FGN is Using 1500 to USD
I need 2 years to get back to 100k USD = 160m naira
But it a Lie the Naira is Sliding to 1660 by time am exiting might have on 70 k USD
This Grand waste of time and money.
This Thread Should be Closed
This Not progressive Investment!
Please Closed down Now

Please Closed down this Loss Making Thread
So New Investor ( New Maga) will Not hand over their Hard earn Money to Failed state ,Failed Currency and Failed investment in Naira bills .

Topic should be How to Lose Money.
Inflation is 38 percentage!

Educationalserv:
Please Closed down this Loss Making Thread
So New Investor ( New Maga) will Not hand over their Hard earn Money to Failed state ,Failed Currency and Failed investment in Naira bills .

No need to close this thread. Simply open a fresh thread with your idea. Let every investor make his/her choice. Cheers 🤗

mymadam:
No need to close this thread. Simply open a fresh thread with your idea. Let every investor make his/her choice. Cheers 🤗

Simple

mymadam:
No need to close this thread. Simply open a fresh thread with your idea. Let every investor make his/her choice. Cheers 🤗

No not opening up any new Thread
As A Victim of Investments in Nigeria Security Bills

heavenisreal18:
Which financial institution do you work with

Investment one financial service

Interesting post. Investment choice can be quite personal and one must consider his/her risk appetite. For example, some prefer Treasury bills for its liquidity, minimal risk and hands free benefit.

Still, you raise some good points and it'll be interesting to do some real financial calculations to compare it with other investments and share.

Personally, I have found this thread of immense use and I thank my brothers and sisters who give their time to share their knowledge, experience and expertise - FOR FREE.

Educationalserv:
Plans was to grow Money to 200,000 USD then Exit
Assumption made was Floating Naira will Converge Naira @ 700 as Predicted by Economic Magazine ,world bank and Co by reinvesting 100m in TB @ 16 for 24 Months will amounts to about 140m /700 = 200 USD
Instead we where Scammed
Now FGN is Using 1500 to USD
I need 2 years to get back to 100k USD = 160m naira
But it a Lie the Naira is Sliding to 1660 by time am exiting might have on 70 k USD
This Grand waste of time and money.
This Thread Should be Closed
This Not progressive Investment!
Please Closed down Now

Educationalserv:
Plans was to grow Money to 200,000 USD then Exit
Assumption made was Floating Naira will Converge Naira @ 700 as Predicted by Economic Magazine ,world bank and Co by reinvesting 100m in TB @ 16 for 24 Months will amounts to about 140m /700 = 200 USD
Instead we where Scammed
Now FGN is Using 1500 to USD
I need 2 years to get back to 100k USD = 160m naira
But it a Lie the Naira is Sliding to 1660 by time am exiting might have on 70 k USD
This Grand waste of time and money.
This Thread Should be Closed
This Not progressive Investment!
Please Closed down Now

This is quite insightful and I'm genuinely sorry for your loss. However , cutting off the head is never a remedy for headache. Every investors at one time or the other have suffered some degree of losses, we all learn from the pain and move on

There are stocks that delivered more than 500% on NSE last year , yet I lost so much in NSE last year. Some people bought properties and lose to Nigeria government demolitions and natural disasters like the Los Angeles fire without insurance coverage, while other made fortunes. If there is 100% certainty on anything, everyone would be rich

TBills real rate of return might not be positive considering the inflation rate at the moment but we can't take away the fact that, the rate is not that bad, it's almost risk free and if compounded, you will make 100% return in 3 years. I don't think Naira will see a craze devaluation in the next few years. I strongly believe 2025 will be a year of stability, especially in FX.

All The Best

Pls am unable to be at bank today ,when is the next bidding day .

Also can I still go to bank tommorow hope it not too late

heavenisreal18:
Pls am unable to be at bank today ,when is the next bidding day .

Also can I still go to bank tommorow hope it not too late

Go to the bank very early. Banks like stanbic will still accept bid by 10am otherwise you wait for another two weeks for primary auction.

emmasoft:
Go to the bank very early. Banks like stanbic will still accept bid by 10am otherwise you wait for another two weeks for primary auction.

Thank you very much
I don't understand T-bills this year before bidding is usually twice a week but recently I have been reading on this trend once in two weeks. Is bidding no longer Mon to Fri

heavenisreal18:
Thank you very much
I don't understand T-bills this year before bidding is usually twice a week but recently I have been reading on this trend once in two weeks. Is bidding no longer Mon to Fri

The process has not changed. The primary auction is just one day which is once in every two weeks. It's usually a wednesday, where Tbills are issued, but you can bid for Tbills any working day of the week (on or before the Tuesday preceding the primary auction day.). Hence you can still bid for the primary auction of this week by tomorrow morning.

However, secondary market activities (bidding and issue) of Tbills is every working day of the week.