₦airaland Forum

emmasoft:
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.

chrismex:
Sorry my question may look meaningless, but can someone with 1milion,partake in primary bid, and what is the interest rate for a year.
Lastly must I have an account in that bank?
Thanks.
Wema app treasure bill interest rate is 17% for 241days , I'm looking for a better offer

emmasoft:
For most banks, with as low as 100k, you can participate in primary auction. Normally, once your money is less than 50m, it's always best/compulsory to go with the bank rate. Primary market rate always come out at the end of the auction, you can only make reference to the last rate which was around 22%+ For any bank you wish to use, definitely you have to be a customer of that bank otherwise you don't have a relationship with them.

What you saw on Wema app is secondary market rate and it's always lower than primary acuction rate all things being equal.

I will also advice you to read more on how Tbills work. This thread is a good source of material.

Akerewe:
Good day house,

Recently I saw 30% for 730days on FAIR MONEY APP

It's tempting but all these Fintech app might/ might not fuckup soon now or later.

Just my observation!

Odunharry:
730days? Tell someone there to do a simulation for you biko so you know if there are other charges

Bakosokoto:
StanbicIBTC.
From account opening to purchase - did everything online (email)

emmasoft:
For most banks, with as low as 100k, you can participate in primary auction. Normally, once your money is less than 50m, it's always best/compulsory to go with the bank rate. Primary market rate always come out at the end of the auction, you can only make reference to the last rate which was around 22%+ For any bank you wish to use, definitely you have to be a customer of that bank otherwise you don't have a relationship with them.

What you saw on Wema app is secondary market rate and it's always lower than primary acuction rate all things being equal.

I will also advice you to read more on how Tbills work. This thread is a good source of material.

vanvickie:
Hi, please does anyone have an idea if it is possible for me to:

1. Open an account with stanbic IBTC bank,

2. Get my account details and mobile application and also

3. Invest in primary/secondary market tbills

WITHOUT going to the bank branch? Like can all these be done via email as I am unable to visit any bank at the moment?

vanvickie:
Hi, please does anyone have an idea if it is possible for me to:

1. Open an account with stanbic IBTC bank,

2. Get my account details and mobile application and also

3. Invest in primary/secondary market tbills

WITHOUT going to the bank branch? Like can all these be done via email as I am unable to visit any bank at the moment?

Akerewe:
Good day house,

Recently I saw 30% for 730days on FAIR MONEY APP

It's tempting but all these Fintech app might/ might not fuckup soon now or later.

Just my observation!

Akerewe:
Good day house,

Recently I saw 30% for 730days on FAIR MONEY APP

It's tempting but all these Fintech app might/ might not fuckup soon now or later.

Just my observation!

gare2510:
That is 15% for the first 365 days then another 15% for the second 365 days

NL1960:
Wa o. That is why it is good to ask questions or to read TCs. On the surface, somebody will think it is 30% per annum.

FCMB

Joyful365:
I put in a request since last week and funded my account on Monday only to be told this morning that my Tbill request did not go through. Just so disappointed in

yourstruly5:
Hi Everyone, please I need clarification on this. I came across a FGN bond with a coupon of 16.29 for two years. Assuming someone invests with N100,000, will the person get paid 16.29% of the principal in a year? OR it will be half of the 16.29% twice in a year? Thank you.

https://ngxgroup.com/exchange/trade/debt/listed-bonds/bonds-details/?isin=NGFG142027S5&directory=bonddirectory

yourstruly5:
Hi Everyone, please I need clarification on this. I came across a FGN bond with a coupon of 16.29 for two years. Assuming someone invests with N100,000, will the person get paid 16.29% of the principal in a year? OR it will be half of the 16.29% twice in a year? Thank you.

https://ngxgroup.com/exchange/trade/debt/listed-bonds/bonds-details/?isin=NGFG142027S5&directory=bonddirectory

skydiver01:
2026 & 2034 FGN bond coupon payments received on time.

Odunharry:
Anybody that has today's NTB primary auction result should post biko

Joyful365:
I put in a request since last week and funded my account on Monday only to be told this morning that my Tbill request did not go through. Just so disappointed in

heavenisreal18:
Is like some of this bank intentionally does this or they don't know much about it, I have put in for this over two weeks now ,yet to be debited

Odunharry:
Pele. you should have reminded your account officer a day to the auction. Did you give them a bid rate.?

Odunharry:
Nawa!! You hear inflation has gone up and you position hoping DMO will consider and perhaps leave the rate unchanged irrespective of the oversubscription, only for the rate to go down by almost a percent. This is just so depressing abeg!

Thanks boss. Rates have remained flat for the past 2 auctions for 90 and 180days but dropped slightly for 364days tenure.

Joyful365:
I did not give them a rate. I was willing to go with whatever was offered

chrismex:
Use wema bank, download there bank app, it's easy you don't need any one to do it for you.