kaeycea:
Hey guys, plus can someone bid the second time on NTB with the same account while the first bid is still running?

unite4real:


You asked for worst case scenario right? OK.

At 0.5% worst case, you will earn N2,500 for 182 days and N1,250 for 91 days.

The very worse case is that your principal is preserved tax free.

zamirikpo:
I got 16.50 for 99days at stanbic ibtc. Secondary market
Today

zamirikpo:
I got 16.50 for 99days at stanbic ibtc. Secondary market
Today

joseph1013:
Stanbic secondary rates today

98 days - 16.5%
189 days - 16.55%
273 days - 15.4%

Sach:


How did you get the rates. Which branch do you use? At the branch close to me, it is a big production to get secondary rates... Mail would be sent out etc etc

joseph1013:

Idejo Branch, VI, Lagos.

psychology1:


Pls which Bank gives u 15.35% for 178 days?

Sach:


How did you get the rates. Which branch do you use? At the branch close to me, it is a big production to get secondary rates... Mail would be sent out etc etc

Partnerbiz:

1 to 300 indeed.
How many did u read?

OLOBAM:
kindly help with this calculation. 30000 invested at the beginging of every month for 10years at 10% per annum. 30,000 will be added at beginning of each month.

your response will be highly appreciated. thank you

zamirikpo:
I got 16.50 for 99days at stanbic ibtc. Secondary market
Today

maryjay99:

Pls has anyone liquidate a Tb before the maturity date. How is the percentage of the interests that one will forfeit calculated & what is the penalty.

This is because I did a Tb of 2m for 180 days @ 13% rate & which is to mature on 3rd Nov but I liquidated on 24th Oct just 10 days remaining but 61k was deducted from the principal amt . I feel the deduction is too much or is it ok from anyone's experience.

amjustme2:
Secondary Market becoming more profitable nowadays

I think Banks are selling of old subscriptions or more people are coming forward to liquidate. I could be wrong though!
Either way, rates will soon caught up with Primary market realities,

dipoolowoo:
CBN Auctions N92.5b OMO Bills Friday
https://www.businesspost.ng/2017/10/27/cbn-auctions-n92-5b-omo-bills/

maryjay99:

Pls has anyone liquidate a Tb before the maturity date. How is the percentage of the interests that one will forfeit calculated & what is the penalty.

This is because I did a Tb of 2m for 180 days @ 13% rate & which is to mature on 3rd Nov but I liquidated on 24th Oct just 10 days remaining but 61k was deducted from the principal amt . I feel the deduction is too much or is it ok from anyone's experience.


Do you mean 61k was deducted from the 2m that was meant to be returned so instead of recieving 2m; you recieved 1,939,000?

C4Ltd:
lol

what's your point. secondary has always been better. I just wondered why people always form sharp and informed chasing after primaries. I don't stress myself looking out for dates. I just go, ask for available secondary options and invest.

today I simply got 16% for 100 days

primary probably good for the big multimillion boys/group of boys.

freeman67:


With primary if you tick reinvestment auction, you don get to loose a day... It will be reinvested at the prevailing market rate automatically...

Also if you have up to the CBN minimum amount of 50m you can bid for yourself and probably get a better rate than the banks sometimes.

When the rate was stable at 18% and above for 364days the primary market was always better because even if you went to invest a day after...they'll always give you something a lil lower.

It looks more attractive now because the rate @ the primary is falling..what they are selling at secondary market now is what was bought at higher earlier in the secondary market. So it just a matter of timing.