tziz:

Oh mhen!!!
I havnt had time to step into the bank lately. Pls tell, wen is d next auction date? And pls is der any advice u can giv to me since dis is my first time doin TB. I wanna lodge 1.6m into TB with Diamond Bank for 182days cos dats my prefferd bnk. Pls tell me too wen is d best time to go for the registeration for d next bid.. Tnx.

U can send them a mail, I think becos u would be buying from the secondary market, u can go anytime.

hardeydara213:
Am interested hope it's not a scam? hardeysoji2009@gmail.com

interested in what?

NEXT AUCTION DATE PLS

seye4nii:
NEXT AUCTION DATE PLS

2 weeks frm last auction date most times.....read the full thread

billtommy:


U can send them a mail, I think becos u would be buying from the secondary market, u can go anytime.

Kk tnx, I'll do dt

Nigeria plans to raise 100.88 billion naira in treasury bills with maturities between three months and one year at an auction on Sept. 23, the central bank said on Wednesday.

The bank said it will issue new 91-day paper worth 31.19 billion naira, 10.61 billion naira in 182-day bills, and 59.08 billion naira in 1-year debt, using the Dutch Auction System.

Read Also: What are Treasury Bills: Why You Should Invest in it>>>http://rubiztech.com/what-are-treasury-bills-why-you-should-invest-on-it/

Results of the auction are expected to be released the following day. Nigeria issue treasury bills twice-monthly to fund the government budget deficit and manage liquidity in the banking system.

Source:http://rubiztech.com/nigeria-to-raise-100-8-bln-naira-in-treasury-bills/

Ogas in the house....

What is the bidding rates or stopped rates for NTB today??

Thanks ...

Find below the NTB Auction Result for September 16, 2015.

Auction Date 16/09/2015 16/09/2015
Allotment / Issue Date 17/09/2015 17/09/2015
Tenor (91-Day) (182-Day)
Offer Amount (=N=) 26,300,337,000 15,313,833,000
Total Subscription (=N=) 21,226,468,000 102,395,669,000
Allotment (=N=) 20,000,337,000 21,613,833,000
Range of Bid Rates (%): 9.5000 – 15.0000 12.5000 – 18.0000
Recommended Stop Rates (%): 10.5000 13.4900

osile2012:
[size=18pt]What does true yeild mean ? In the CBN website, i saw marginal rate 14.69 for 364 days TB and true yield of 17.2114 . Can someone explain which will be the interest on investment ?[/size]

if you invested 1,000,000 with the marginal rate (14.69) your interest would be 146,900......but during the process you are debited 1,000,000-146,900=853,100. as your interest is given to you upfront....then your true yield= 146900/853100=0.1721=17.21%

babakess:


if you invested 1,000,000 with the marginal rate (14.69) your interest would be 146,900......but during the process you are debited 1,000,000-146,900=853,100. as your interest is given to you upfront....then your true yield= 146900/853100=0.1721=17.21%

So ur implying dt his true yield becomes= 172,100?

tziz:

So ur implying dt his true yield becomes= 172,100?

No sir.

Look at this way: 853100 invested gave him profit of 146900.

The % represents the true yield.

I stand to be corrected though.

osile2012:
[size=18pt]What does true yeild mean ? In the CBN website, i saw marginal rate 14.69 for 364 days TB and true yield of 17.2114 . Can someone explain which will be the interest on investment ?[/size]

It's another way of saying that if you reinvest your initial interest, and the interest from that interest, and so on, you'll end up realizing more than 14.69% of the initial capital. That's the advantage of getting your interest up front.

Lionhearted:


No sir.

Look at this way: 853100 invested gave him profit of 146900.

The % represents the true yield.

I stand to be corrected though.

You are on point SIR....thats his true yield even though his face value is 1,000,000 he actually invested 853,100...because of the upfront interest

I wish to bid in the next auction date for 182 days or 365 day. Please what rate are you suggesting that will be good to bid at?

Lionhearted:


No sir.

Look at this way: 853100 invested gave him profit of 146900.

The % represents the true yield.

I stand to be corrected though.

Ok, Tnx

YESTERDAY BID RESULT-----16/09/2015

91DAYS=10.50% 182DAYS=13.49% AND THERE WAS NO 364DAYS

I wonder why there was no 365days bid. That spoiled my plans.

Reyus:
I wonder why there was no 365days bid. That spoiled my plans.

Pls wch bank do u use 2 procure ur t bills ?

My bank has neva given me 364 days b4, plannin 2 change dem.

babakess:


if you invested 1,000,000 with the marginal rate (14.69) your interest would be 146,900......but during the process you are debited 1,000,000-146,900=853,100. as your interest is given to you upfront....then your true yield= 146900/853100=0.1721=17.21%

Assuming i bid for 13% For 182 days and the market closes at 14%. Will i get 13% interest or 14% interest?

mekaboy:


Assuming i bid for 13% For 182 days and the market closes at 14%. Will i get 13% interest or 14% interest?

You get 13%.

I asked GtBank to bid at their rate. And they bid at a miserly 6.55%! 182days. Do these accounts officers get a commission for misleading/misinterpreting customers' requests? First time around the lady said they were unable to treat my instructions along with the batch, now this.

BoboYekini:
I asked GtBank to bid at their rate. And they bid at a miserly 6.55%! 182days. Do these accounts officers get a commission for misleading/misinterpreting customers' requests? First time around the lady said they were unable to treat my instructions along with the batch, now this.

This is fraud. Even fixed deposit gives more than that. Treasury bills can not be 6.5% even if you go with prevailing rate. Pls go to your bank and demand an explanation. Make some noise.

BoboYekini:
I asked GtBank to bid at their rate. And they bid at a miserly 6.55%! 182days. Do these accounts officers get a commission for misleading/misinterpreting customers' requests? First time around the lady said they were unable to treat my instructions along with the batch, now this.

So sad. I would call back my cash if I were in your shoes. Nonsense

Hmmm...
This is frankly unbelievable. Have you gotten your credit? Ask her to send the bank's stop rates to you or visit the bank and insist. Anyone working with GTB here can help us. Its the same rate nationwide. Something's amiss here.

BoboYekini:
I asked GtBank to bid at their rate. And they bid at a miserly 6.55%! 182days. Do these accounts officers get a commission for misleading/misinterpreting customers' requests? First time around the lady said they were unable to treat my instructions along with the batch, now this.

BoboYekini:
I asked GtBank to bid at their rate. And they bid at a miserly 6.55%! 182days. Do these accounts officers get a commission for misleading/misinterpreting customers' requests? First time around the lady said they were unable to treat my instructions along with the batch, now this.

Hi Bro. I strongly suspect that the 6.55% is not annualized. If annualized 6.55% for 182 days(6 months) will be equivalent to 13.1% per annum. GT bank seems to be less greedy than Zenith bank from my experience regarding Treasury Bills purchase from both banks. I got 12.5% annualized on my TB investment (182 days) this week with Zenith, which is equivalent to 6.25% ROI for 182 days.

Zenith bank one of the worst when it comes to T-bills ...Gtb still beta small got 10.... with them ,Zenith gave me 8.1 for 90days , by next month once my tbill matures..bye bye to zenith forever


With all these going on ..make God deliver us from niaja Banks ,, they re really lookin for money desperately

Ready to ripoff anyone

dejiotus:

Hi Bro. I strongly suspect that the 6.55% is not annualized. If annualized 6.55% for 182 days(6 months) will be equivalent to 13.1% per annum. GT bank seems to be less greedy than Zenith bank from my experience regarding Treasury Bills purchase from both banks. I got 12.5% annualized on my TB investment (182 days) this week, which is equivalent to 6.25% ROI for 182 days.

. This must be it, annualized. My bad.

unite4real:


This is fraud. Even fixed deposit gives more than that. Treasury bills can not be 6.5% even if you go with prevailing rate. Pls go to your bank and demand an explanation. Make some noise.

why should he make noise, he has the power to change his bank.

manie:
why should he make noise, he has the power to change his bank.

I started bidding for myself for NTB on Wednesday....I bidded 13.2% for 182 days and I got it via Stanbic IBTC Bank....

Banks usually bid very low from CBN stop rate.... Don't know why?

If you can study the last CBN stop rate, I think is better you speculate and bid for your self..

That is my little advise for NTB guys...

ukay2:



I started bidding for myself for NTB on Wednesday....I bidded 13.2% for 182 days and I got it via Stanbic IBTC Bank....

Banks usually bid very low from CBN stop rate.... Don't know why?

If you can study the last CBN stop rate, I think is better you speculate and bid for your self..

That is my little advise for NTB guys...

13.2% is very close to the stop rate=13.49%.............thats very fair

babakess:

13.2% is very close to the stop rate=13.49%.............thats very fair

Dyu place bids urslf or dyu normally go wit the bank's rate?