kristien4:
Hello please help me answer this question,will 18% for 364days for primary market yield same amount as secondary market 18% for 310days for like 1million?.. if no.. how do u calculate the difference??

No.

364 days
=======
I = PTR/36500 = 1,000,000*364*18/365*100 = 6552000000/36500 = 179,506.85


310 days
=======
I = PTR/36500 = 1,000,000*310*18/365*100 = 5580000000/36500 = 152,876.71

Olarewajub:
I got 13% for 91days tenor. First Bank

When?

I was told the next auction is next week Wednesday that I should just fill a form and submit?
could this be true?

I just got 16% for 70 days in first bank at the secondary market. Got debited almost immediately but the account officer said i'll receive a credit alert once the certificate is ready to be issued. Please how true is this because i assume ones account gets credited instantly after a successful investment.

NL1960:


No.

364 days
=======
I = PTR/36500 = 1,000,000*364*18/365*100 = 6552000000/36500 = 179,506.85


310 days
=======
I = PTR/36500 = 1,000,000*310*18/365*100 = 5580000000/36500 = 152,876.71

thanks alot.

The rate will still rise next year... Government will need a lot of money to execute projects in preparation for election year..

Emanex18:

When?

I was told the next auction is next week Wednesday that I should just fill a form and submit?
could this be true?

An auction was held today! Maybe you submitted your application late.

peejay03:
I just got 16% for 70 days in first bank at the secondary market. Got debited almost immediately but the account officer said i'll receive a credit alert once the certificate is ready to be issued. Please how true is this because i assume ones account gets credited instantly after a successful investment.

I had thesame experience. My account got deducted on Tuesday and i received my alert today. If your application is successful, you'll receive your interest.

Stanbic bank just informed that the banks 364 days auction failed nationwide so there are no successful bids for 364dys. Anyone with thesame or different info?

My 365 days with FB failed as well

Went to First Bank today to buy secondary market, was told 364 is available for 15%. Had to run with my dear life

PhilJames:
My 365 days with FB failed as well

Went to First Bank today to buy secondary market, was told 364 is available for 15%. Had to run with my dear life

Lol

PhilJames:
My 365 days with FB failed as well

Went to First Bank today to buy secondary market, was told 364 is available for 15%. Had to run with my dear life

They wanted to imprison your hard earned money
.

PhilJames:
My 365 days with FB failed as well

Went to First Bank today to buy secondary market, was told 364 is available for 15%. Had to run with my dear life

There is nothing like 365 days TB. You only have 364 days.

If FB said that your 365 days failed and that 364 is available, it might mean that you specified your rate when you were bidding and FB succeeded with their own rate for 364. That is the only headway i can make from this your post.

Investnow2017:


They wanted to imprison your haßrd earned money
.

Am telling you. Had to tell the guy to repeat the rate again....

I even forgot to ask him an important question.

Guys please is it possible to receive the interest at maturity via secondary market?

NL1960:


There is nothing like 365 days TB. You only have 364 days.

If FB said that your 365 days failed and that 364 is available, it might mean that you specified your rate when you were bidding and FB succeeded with their own rate for 364. That is the only headway i can make from this your post.

365 was a typo mistake. 364 was the rate I bidded for in the primary market...

PhilJames:


365 was a typo mistake. 364 was the rate I bidded for in the primary market...

The rate or tenor?. 364 is the tenor and not the rate. Did you bid with your own rate and if yes, what rate did you specify?.

NL1960:


The rate or tenor?. 364 is the tenor and not the rate. Did you bid with your own rate and if yes, what rate did you specify?.

Three tenors are only available in the primary market, 91, 182, and 364, and I went for 364

Mine went through with zenith for 364 days..

364 failed gtb 3 time

At what rate did zenith bid for you?Tell me..

meetchandus:
Mine went through with zenith for 364 days..

At what rate?

Would love to dive into treasury bills investment as I am a first timer, however, I would like to get clarification on certain terms.. Primary and secondary markets... Please how much disparity exists in both markets in terms of rate. And which of the two is more viable.. Experts in the house should answer please...

Mr feelamong.. Abeg sir! Give me a feedback..

C over subscription

http://www.easykobo.com/News.aspx?id=19799

PhilJames:
My 365 days with FB failed as well

Went to First Bank today to buy secondary market, was told 364 is available for 15%. Had to run with my dear life

Got 364 days from Zenith Bank..16.75%

Investors have further pushed their limits with the killer instinct. Imagine 364 day tenor with 89 billion Naira offer was over subscribed at over 500 billion Naira. Where all these money dey common front sef. With this high demand, price must drop o. The last 2 auctions have seen geometry over subscriptions. I hope CBN and DMO are not playing fast one to drive down rate. I ask again, where all those money come from.

unite4real:
Investors have further pushed their limits with the killer instinct. Imagine 364 day tenor with 89 billion Naira offer was over subscribed at over 500 billion Naira. Where all these money dey common front sef. With this high demand, price must drop o. The last 2 auctions have seen geometry over subscriptions. I hope CBN and DMO are not playing fast one to drive down rate. I ask again, where all those money come from.

From FPI

ukay2:



From FPI

It then means they are using the foreign portfolios to drive rates down. Na matter of time.

https://abokifx.com/news/foreign-investors-drive-treasury-bills-subscription-invanguard-excess-of-n418bn


Don't expect rate to be the same forever , u cannot predict when it comes to our naija tbills ..rate can drop lower than expected and can go higher anytime

Whatever ur mind tells u to do

My prayer is for the rates to stay above 15% for the 364days, in 2018, If not , it won't be funny ooh.

Niggafckyou07:
Would love to dive into treasury bills investment as I am a first timer, however, I would like to get clarification on certain terms.. Primary and secondary markets... Please how much disparity exists in both markets in terms of rate. And which of the two is more viable.. Experts in the house should answer please...

Mr feelamong.. Abeg sir! Give me a feedback..

The bolded interests me also.

Good Morning House, I was Credited 98,000 For 91days, principal Is 3million , rate is 13.15, stanbic ibtc , Gurus Am lost because 3,000,000 / 100 = 30,000 * 13.15 = 394,500 and what i got was 98,000 , Please enlighten Me

The rate quoted is for a year tenor. For 90day/3 months you do 394500/4=98625 aprroximately

airamuche:
Good Morning House, I was Credited 98,000 For 91days, principal Is 3million , rate is 13.15, stanbic ibtc , Gurus Am lost because 3,000,000 / 100 = 30,000 * 13.15 = 394,500 and what i got was 98,000 , Please enlighten Me