ernie4life:


I would have made a comment on this but since I work with them my review may not hold water

I think you should still give your review. I expect other members to chip in their opinion s should they disagree or agree.

I've got the investment one forms and as I have a GTB account am thinking they 'lol be as useful and efficient.

Iolo:


I think you should still give your review. I expect other members to chip in their opinion s should they disagree or agree.

I've got the investment one forms and as I have a GTB account am thinking they 'lol be as useful and efficient.

for as low as 50k we could buy tbills for you, we accept instructions through email which saves you the time of coming to the office, once your account it opened we send you both email and number of your account officer should incase you need more info.

ernie4life:


for as low as 50k we could buy tbills for you, we accept instructions through email which saves you the time of coming to the office, once your account it opened we send you both email and number of your account officer should incase you need more info.

Interest rates, charges etc?

Iolo:


Interest rates, charges etc?

interest rate is the same everywhere because tbills is sold by FG and not individual companies, you also have the option to place your bid your self

ernie4life:


interest rate is the same everywhere because tbills is sold by FG and not individual companies, you also have the option to place your bid your self

What are your charges?

[quote author=Iolo post=33123729]

I'm interested in Treasury Bill stuff. Hw do I go about it?

ernie4life:

interest rate is the same everywhere because tbills is sold by FG and not individual companies, you also have the option to place your bid your self

Which coy do you represent...how can i reach you?

ernie4life:


interest rate is the same everywhere because tbills is sold by FG and not individual companies, you also have the option to place your bid your self

Thanks but what about your charges?

And sound really general. Can you go into more depth?

When's the next auction? And what is the rate range likely to be?

angelo82:
I can understand your analysis but if I want to buy dollar in Nigeria at official rate,where can I buy it?.....Please black market is not an option..........

You can't get fx cash in Nigeria through official means anymore... banks won't sell to you

please does anyone has information on last week primary auction?

tbill rates have fallen o

91d – 10.00%
182d – 12.10%
364d – 12.70%

ednut1:
tbill rates have fallen o

91d – 10.00%
182d – 12.10%
364d – 12.70%

Rates fall wella o!! even far more than I expected!

missed out on my 180days...na to carry the money to go buy FGN bonds....

feelamong:


Rates fall wella o!! even far more than I expected!

missed out on my 180days...na to carry the money to go buy FGN bonds....

@feelamong, please what is the minimum for fgn bonds? someone told me 10m. true?

kayeyes:


@feelamong, please what is the minimum for fgn bonds? someone told me 10m. true?

not true...you can do as little as 10,000.

Tbills don crash badly.
please who knows if first bank was successful?

feelamong:


Rates fall wella o!! even far more than I expected!

missed out on my 180days...na to carry the money to go buy FGN bonds....

Please, could you tell me more about the FG bond.
I want to know if that would be a better option because i just recieved an alert from first bank for the last auction but the interest was too poor to compare to the previous.
so i want to diversify.

Zeiya:
Tbills don crash badly.
please who knows if first bank was successful?

Yes. just received alert this morning with 12.67 interest rate for a year

Now guys i need your help. I have t.bill with first bank for 91days which will mature on june. And now i want to terminate it upon maturity but the problem now is that when i was filling the form, i ticked 'rollover the capital' upon maturity. So i want to ask, can i terminate the t.bill at the maturity date without affecting my initial capital?

Royal155:

Yes. just received alert this morning with 12.67 interest rate for a year

I have seen the alert, got the same rate for 1year. I was eyeing 14%. I am happy with it because this was my first bidding, I was doing Fixed deposit with my money all my life, never knew something like this existed.This is really cool for people that have idle cash or saving for something. Tbills is the best.

Royal155:
Now guys i need your help. I have t.bill with first bank for 91days which will mature on june. And now i want to terminate it upon maturity but the problem now is that when i was filling the form, i ticked 'rollover the capital' upon maturity. So i want to ask, can i terminate the t.bill at the maturity date without affecting my initial capital?

It is quite simple, go to the branch before the maturity date and give instruction not to roll over on maturity. it won't affect your initial capital as long as you allow it to reach the maturity date.

Zeiya:

I have seen the alert, got the same rate for 1year. I was eyeing 14%. I am happy with it because this was my first bidding, I was doing Fixed deposit with my money all my life, never knew something like this existed.This is really cool for people that have idle cash or saving for something. Tbills is the best.

Yes, i agree with you. But the last auction i got 14.15 for a year, and that was awesome!
I thought it would still be like that in this auction, but i hav been disappointed
But it is still better than fixed deposite shah...

Zeiya:

It is quite simple, go to the branch before the maturity date and give instruction not to roll over on maturity. it won't affect your initial capital as long as you allow it to reach the maturity date.

Thank you very much

feelamong:


not true...you can do as little as 10,000.

thanks alot.

ednut1:
tbill rates have fallen o

91d – 10.00%
182d – 12.10%
364d – 12.70%

I was right

Oh my goodness....
My bank offered me 13% for 182 days a while ago n I refused! Damn it... The rates are going soo low. Time to go back to my 91days or just see how things play out after the election.

princeuk21:
I was right

Dear xxxxxxxx,
We wish to inform you that your bid for a Treasury Bill of xxxxxxx with reference number 110140407485 was successful. Full details below

Ref. Code 110140407485
Principal xxxxxxxxxxc
Rate 10.01%
Tenor 91 Days
Bid Date 4/27/2015
Maturity Date 7/27/2015

Thank you for choosing FirstBank.

feelamong:


not true...you can do as little as 10,000.

Hello, please what is d difference btw bonds and t/bills?
Is the interest rate on bonds better than T/bills?
How can I invest my money in bonds?
Which of the banks can I invest in bonds with?
Pls help with any other useful info.
Thanks.

Zenith bank na Bad bank , I requested for 182 days , they gave me 9% for 91 days , this is the first and the last time am goin to deal with them

egobetatoday:


Hello, please what is d difference btw bonds and t/bills?
Is the interest rate on bonds better than T/bills?
How can I invest my money in bonds?
Which of the banks can I invest in bonds with?
Pls help with any other useful info.
Thanks.

Another learner .
1) you should take your time to read from page 1.

2)bond and Tbills are different investment vehicle.

3) you can invest In bond through a financial institution.

4) you can get more useful info on this thread from Page 1 to the current page.

My Advice: take your time to read from page 1 so you don't lose your money (few people here understand).

Well this is not a thread for Bond I'll have to create one to help you guys.


Princeuk21.

Rate don drop drastically .FBHN gave 12.03% for 182days

Zenith bank offered me 9% for 91days. Well, this is still better than fixed deposit i think.

NNBB2012:
Zenith bank offered me 9% for 91days. Well, this is still better than fixed deposit i think.

first bank rates are higher. I think they gave 10% for 91days