Chukzyfcb:

Fixed deposit with no witholding tax, shey banks dey do charity work ni?.....don't flatter yourself bro, I'v proven to you that T.bills beats FD every single time. Meanwhile no bank can give u 7%, except you have like 500m to invest, then they might consider. If yu know of anybank offering 7% without Tax, mention it here & I'll prove otherwise

Damolux01:
I tire too ooo...don't know which bank would offer 7% for FD. TB is better, but FBN capital is d best.

IHelp:


Please can you give some reasons why you think FBN capital is the best?

Damolux01:
I tire too ooo...don't know which bank would offer 7% for FD. TB is better, but FBN capital is d best.

debbydee:
Good morning Gurus,

I bidded for treasury bills (91) at first bank but i dont seem to understand their problem as they keep saying it was not successful. The last one that was done on the 6th of April was not successful as well so i called them and i was told that their platform is bad (i know that its a lie.) Now the guy i spoke with at the treasury department is suggesting i go for the secondary market and the rate is between 5% and 7%. I want to know the downside of going for the secondary market or just wait for another bidding in two weeks time.

Thanks

CC Feelamong

Alikote:
wait for 2 weeks rate are going up with the signing of the budget ,mean while fix it term deposit to reduce lost time then terminate and throw in your application....I also lost out twice but redirected my application to another gtb branch but they bided 3 months instead of six months

just2endowed:


Give examples of asset management companies that offer this incrdible rate

teejay5:
Pls my Gurus in d house kindly help with this Calculation,with d current rate hw much will I see on 1.5m if I bid for 91days.thks

mekaboy:
Is it possible to get 7% for 91 days in the next auction?

1wolex85:
look at the previous rates, 7% will likely fly for 182 days

mekaboy:


182 is already 8.6 I expect it to rise to 9 or 10.

1wolex85:


play safe o! I just put in a bid this morning for 182. I did 7.8 since the last bid was 8.6.

pipz:
Results are out now. guess the auction was yesterday.

Results of Auction below:

91days - 6.1000%
182days - 8.6900%
364days - 9.4880%

Chukzyfcb:

This ratees you quoted cannot be found on the cbn website www.cenbank.org......where did you get these from

1wolex85:


play safe o! I just put in a bid this morning for 182. I did 7.8 since the last bid was 8.6.

Chukzyfcb:

You did what? You bidded 7.8 when the last bid was 8.6, that's a difference of 0.8%. How would you expect t.bills to fall by 0.8%? Especially now that Govt need money to fund budget.....I follow Firstbank investment arm, and here is a screen shot of what I read on their report/outlook for t.bills, so u know; u went too low #ex

1wolex85:

when I bid, I always like to get it and I have always done by bidding just below the last stop rate.

Chukzyfcb:

I would be correct to say you always play safe & it has worked in your favour. ITs good to stick to what works for you bro!

unite4real:

It depends on your successful bid rate. If you got 6.5% for instance for 91 days. It means 6.5% of 1.5m, dividing the result by 4 since it's for 91 days out of 364 days.

The answer is N24,375. This is exclusive of custody fee. Happy investing.

pinkcotton:
Hello all,

Please when is the next auction date for T-bills