opaniyi12:


Pls wich of the GTB branch do u use if its in Lagos.
I approached my branch but they are dribbling me, telling me it has closed.

Pld I Wil be glad and grateful to read from asap

DInkMan:
who has been credited by stanbic?

Gazettemovement:

U are here to promote ur foundation less financial institution dt will soon collapse like it's predecessors in the industry.
People are wiser than your gimmicks.
Yoi even created your brand of TB
Never heard dz b4 .....shame

asbanko:
You might have mistakenly instructed your bank to do auto-rollover of your liquidated fund by ticking the column for auto- rollover on the TB form. Just yield to the advice given above by liquidating it before expiration through the secondary market and expect either a capital loss or gain.

exclusiveoloori:
I thought rates given by a particular bank after the primary auction should be the same in all their branches. I am seeing rates like 18.5..℅ another 18.39℅, all from FBN.

kwallet:
this is the best news h e heard with FBN. U are Lucky!

CHIMSKY:

Stanbic gave me 17.1% for 189 days.

DInkMan:


when were you informed?
still waiting for mine. has anyone beside Chimsky been alerted by stanbic?

needful:
Pls I need help. I live in canada and rely solely on my account officer for TB. The last auction before the one of today. She gave me 16.9 for 182days. Before she buys for, I will email and get tired of mailing. She doesn't pick calls. I missed today's auction because she didn't reply my mail. I have account with diamond bank but that one seem worse, my account offer there doesnt know what is TB. Pls I want to move to UBA where I have account to see if things will get better. Has any one used them before?. Am tired, these banks are really messing me up.

needful:
Pls I need help. I live in canada and rely solely on my account officer for TB. The last auction before the one of today. She gave me 16.9 for 182days. Before she buys for, I will email and get tired of mailing. She doesn't pick calls. I missed today's auction because she didn't reply my mail. I have account with diamond bank but that one seem worse, my account offer there doesnt know what is TB. Pls I want to move to UBA where I have account to see if things will get better. Has any one used them before?. Am tired, these banks are really messing me up.

davit:
It is same here. Waiting for their mail.

olujaidi:


nope. Depends on whats available. Some banks also limit your options to 3 tenors

FBN has a variety including the fantastic 18% for 63 days!

ukay2:



I think you should still use stanbic ibtc bank. ...send a mail to ....eunice.bajeh@stanbicibtc. com....She has been helpful to me...she is the Coverage Head-Private Banking North Central Nigeria..

Tell us the outcome.
Best wishes...

DInkMan:


Good morning, any update?

asbanko:
You might have mistakenly instructed your bank to do auto-rollover of your liquidated fund by ticking the column for auto- rollover on the TB form. Just yield to the advice given above by liquidating it before expiration through the secondary market and expect either a capital loss or gain.

pafra:


It happened to me. I requested for my form there was no instructions asking them to roll it over. I requested that we send an email and a reminder but to no avail. I was asked to remind the officer two days before the expiration of the 90 days.

ukay2:



I think you should still use stanbic ibtc bank. ...send a mail to ....eunice.bajeh@stanbicibtc. com....She has been helpful to me...she is the Coverage Head-Private Banking North Central Nigeria..

Tell us the outcome.
Best wishes...

feelamong:
UNDERSTANDING THE NIGERIAN TREASURY BILLS MARKET

NIGERIAN TREASURY BILLS
These are discountable instruments used by the Central Bank of Nigeria (CBN) to manage liquidity in the system, usually on short-term basis. In recent times, the market has witnessed a tremendous higher yield in the Nigerian Treasury Bills. The tenors are short with a maximum of 364-days with yields far higher in comparison to what the money market offers:

Features of the Nigerian Treasury Bills
 Issuer is the Federal Government through the Central Bank of Nigeria (CBN).
 Typically, Nigerian Treasury Bills are zero-risk and rediscount-able through licensed Money Market Dealers. The Rates are offered on a discount basis and are often referred to as risk-free rates.
 Primary Issue of 91 days and 182 days are offered bi-monthly, while 364 days bills are offered monthly.
 The investor earns upfront interest, hence, invests discounted value.
 They are used by CBN as an instrument for managing liquidity through the Open Market Operations (OMO).
 They are traded actively in the secondary market amongst Banks and Discount houses on an outright or repo basis.
 Liquidity Status: The Nigerian Treasury Bills qualify for liquidity ratio computation.
 It also has an active two-way quote secondary market which provides additional liquidity for all the primary auctions.
 Tenors are short and range from 91, 182 and 364 days.
 Institutions or individuals can borrow using Nigerian Treasury Bills as collateral.
 You can invest as low as N100,000.00 in the Nigerian Treasury Bills.

davit:

None yet. I plan to visit the bank today. I will update here as to the outcome.

dicksonadams:
Dudes need help oh, i am not understanding....I did a TBill for 500k on Tuesday 2nd of May 2017, but today 5th of May I was only debited for 407,553.97...aint they suppose to remove 500k and credit me with the interest? can someone explain how this things work?...Would really appreciate...first timer's story