₦airaland Forum

Pls is the safe to apply for access bank treasury bills online?

TONY56:
The lady who told you that your 364 days bid was unsuccessful MUST have told you nothing but the truth.

I am sure you're not alone in this because CBN offered to sell N51Billion worth of Treasury Bills while investors offered to buy N283Billion worth.

The auction was therefore about 455% over subscribed. So only banks that bided low were able to succeed and the stop rate for that tenor was more or less equal to same rate with 182day tenor.

Same is likely to happen next bidding and as I posted yesterday, I won't be surprised if the next stop rate for 182daya is higher than that of 364 days-can you imagine?

If you don't want to settle for a lower tenor next two weeks, then go for the longest tenor you can get at the secondary markets of either First Bank or Stambic that will not be less than 13.5% and it's mostly easier to get very early in the day especially on Mondays

Thanks Prof......My Account with first Bank is a Salary account opened for me by KPMG (Current Account)......I don't want them to know about my financial status...
That's why I'm just managing GTBANK.....STANBIC IBTC is a Silent Money Deposit Bank with few branches,i don't know if their liquidity strength ratio is of standard accord..
My Accounting officer said that i should come this coming week for secondary Market..!!
Or do you suggest i suscribe for 182 days.?

Gavrelino123:
Thanks Prof......My Account with first Bank is a Salary account opened for me by KPMG (Current Account)......I don't want them to know about my financial status...
That's why I'm just managing GTBANK.....STANBIC IBTC is a Silent Money Deposit Bank with few branches,i don't know if their liquidity strength ratio is of standard accord..
My Accounting officer said that i should come this coming week for secondary Market..!!
Or do you suggest i suscribe for 182 days.?

awon ti 122/124

Wetin concern your employer with your bank balance? KPMG doesn't give a hoot about your balance. Some of your colleagues have side hustles na. It's shareholding in audit clients that is restricted. Besides if you were in FSI you'd know the status of Stanbic. Not like there's anything to fear

Gavrelino123:
Thanks Prof......My Account with first Bank is a Salary account opened for me by KPMG (Current Account)......I don't want them to know about my financial status...
That's why I'm just managing GTBANK.....STANBIC IBTC is a Silent Money Deposit Bank with few branches,i don't know if their liquidity strength ratio is of standard accord..
My Accounting officer said that i should come this coming week for secondary Market..!!
Or do you suggest i suscribe for 182 days.?

Your employer will definitely do a follow-up on this, since you are doing your job I don't see Treasury Bills investment as having conflicts of interest with your job.

[quote author=olujaidi post=65521172] awon ti 122/124

Wetin concern your employer with your bank balance? KPMG doesn't give a hoot about your balance. Some of your colleagues have side hustles na. It's shareholding in audit clients that is restricted. Besides if you were in FSI you'd know the status of Stanbic. Not like there's anything to fear[/quote

In fact employees who have legal side hustles that doesn't take their employers time and doesn't not constitute conflict of interest are bound to succeed more at work.

Gavrelino123:
Thanks Prof......My Account with first Bank is a Salary account opened for me by KPMG (Current Account)......I don't want them to know about my financial status...
That's why I'm just managing GTBANK.....STANBIC IBTC is a Silent Money Deposit Bank with few branches,i don't know if their liquidity strength ratio is of standard accord..
My Accounting officer said that i should come this coming week for secondary Market..!!
Or do you suggest i suscribe for 182 days.?

Open a savings account and do your personal investment transactions there. They can only access information on your current (salary) account without your express consent, which you must have granted ab initio when opening the account.

Ibrahim505:
Pls is the safe to apply for access bank treasury bills online?

Access Bank rate is very Low. Choose another Bank

Gavrelino123:
Thanks Prof......My Account with first Bank is a Salary account opened for me by KPMG (Current Account)......I don't want them to know about my financial status...
That's why I'm just managing GTBANK.....STANBIC IBTC is a Silent Money Deposit Bank with few branches,i don't know if their liquidity strength ratio is of standard accord..
My Accounting officer said that i should come this coming week for secondary Market..!!
Or do you suggest i suscribe for 182 days.?

Your best bet is to open a savings account with First or Stambic bank or both.

Then you can invest through either of them or both for your secondary and even Primary Market investments because those are the two banks that are best in guessing close to the stop rates and consequently gets their bids through most times than other banks.

It appears that you are not aware that the liquidity strength of Stambic is about the biggest or 2nd to GTB in the country and currently trades very close to N50 per share with GTB on the stock market far ahead of First bank which just recently crossed the N10 per share line.

Stambic Bank is one of the very few banks in Nigeria that may be allowed to pay dividends to their customers by the new rules now.

I will advice you to go for secondary market of between 250 & 350days of not less than 13.5% and if you don't get by next bidding, go for 182 days that you're more likely to get at the Primary market.

My unsolicited advice is that you should try and stop the idea of involving your account officer in your Treasury Bills investments. For example, why should he be asking you to come for secondary market next week when you can get it everyday? As long as you know what you want and how to go about it, you can walk into any branch of your bank to ask for available secondary market and lock your money in immediately if the offer is good for you. The account officers are fond of deliberately delaying by tactics the movement of funds from their bank for Treasury Bills.

Also, don't ever discuss with your accounts officer or anyone in your bank why you want to move your money from your account to another bank cause they will always ask you-just tell them it's for a personal project or tell them something else but never tell them it's for TB.

Please house, what's the minimum amount I can use to invest in treasury bill?

Sun2Jack:
Just confirm a first bank TB rate of 13.25% for 182days

march 2 at first bank

13.3% - 167days

Happyfellow147:
I'm yet to receive credit alert.
My investment period has lapsed

Go and check your account balance, these days with FBN they don't send the credit alert upon maturity!

pls bosses in the haus,
can I do 2 different investment on tbills at d same time on a single savings account..??

Ikmontana1:
pls bosses in the haus,
can I do 2 different investment on tbills at d same time on a single savings account..??

Yes you can.
I have five in the same savings account and I have a friend who has 12 ( one for each month) on the same account.

Good Afternoon

(1) Please is it possible to do Treasury Bills directly with CBN?

(2) is there an advantage if i know someone in CBN? For instance, can one get a higher interest rate?

stanleyuzoh022:
Good Afternoon

(1) Please is it possible to do Treasury Bills directly with CBN?

Of course! Why not? Simply get your NGN50 million ready! Good luck.

stanleyuzoh022:
Good Afternoon

(2) is there an advantage if i know someone in CBN? For instance, can one get a higher interest rate?

Nigerians are very funny-always looking for ways round everything to have undue advantage over others.
Na wa o.

Meet the CBN governor and you will get 30%

Wonder shall never ends,very funny indeed. .

Some people talk too much, always here replying to every post.






Don't shoot, don't shoot

He is about to shoot me...

Hello Gurus,

Am thinking of joining the TB train.
I don't have the time to visit a bank, thus prefer an investment company in Lagos that can handle my requests online.

Can anybody suggest a good one?
I heard somebody mentioning Afrinvest Securities , any other person with experience with them??

When is the next trading dates for March 2018?

Pls advice...

ositadima1:
Some people talk too much, always here replying to every post.






Don't shoot, don't shoot

He is about to shoot me...

wee-d lyk it like dat

say no to drugs bruh

Gtb or fidelity bank which is better for tbills. I currently have 1.2m i want to drop for tbills but i know nothing about Fidelity. Gtbanks issue with innoson still gives me the creeps although i have 600k in tbills there which would end this month. I need advice.

MyMail2D:
Hello Gurus,

Am thinking of joining the TB train.
I don't have the time to visit a bank, thus prefer an investment company in Lagos that can handle my requests online.

Can anybody suggest a good one?
I heard somebody mentioning Afrinvest Securities , any other person with experience with them??

When is the next trading dates for March 2018?

Pls advice...

Send an email to your bank with an instruction of what you want. I have never gone to the bank for TB. I do every TB with my banks via email.

Next Primary auction should be next week but check with your bank for secondary aiction.

TONY56:
Your best bet is to open a savings account with First or Stambic bank or both.

Then you can invest through either of them or both for your secondary and even Primary Market investments because those are the two banks that are best in guessing close to the stop rates and consequently gets their bids through most times than other banks.

It appears that you are not aware that the liquidity strength of Stambic is about the biggest or 2nd to GTB in the country and currently trades very close to N50 per share with GTB on the stock market far ahead of First bank which just recently crossed the N10 per share line.

Stambic Bank is one of the very few banks in Nigeria that may be allowed to pay dividends to their customers by the new rules now.

I will advice you to go for secondary market of between 250 & 350days of not less than 13.5% and if you don't get by next bidding, go for 182 days that you're more likely to get at the Primary market.

My unsolicited advice is that you should try and stop the idea of involving your account officer in your Treasury Bills investments. For example, why should he be asking you to come for secondary market next week when you can get it everyday? As long as you know what you want and how to go about it, you can walk into any branch of your bank to ask for available secondary market and lock your money in immediately if the offer is good for you. The account officers are fond of deliberately delaying by tactics the movement of funds from their bank for Treasury Bills.

Also, don't ever discuss with your accounts officer or anyone in your bank why you want to move your money from your account to another bank cause they will always ask you-just tell them it's for a personal project or tell them something else but never tell them it's for TB.

Thanks bro......

zinaunreal:
Gtb or fidelity bank which is better for tbills. I currently have 1.2m i want to drop for tbills but i know nothing about Fidelity. Gtbanks issue with innoson still gives me the creeps although i have 600k in tbills there which would end this month. I need advice.

Fidelity Bank is better because you are allowed to bid in the primary market with a minimum of 1M at your own rate.

MacShiff:
Fidelity Bank is better because you are allowed to bid in the primary market with a minimum of 1M at your own rate.

thanks

Desanta:
Yes you can.
I have five in the same savings account and I have a friend who has 12 ( one for each month) on the same account.

tanx boss

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I got 13% for 62 days at secondary market from Stanbic IBTC on 02/02/2018.

WhiteChocolate:
I got 13% for 62 days at secondary market from Stanbic IBTC on 02/02/2018.

Better by far than what you will get in 2months Fixed Deposit.

I got 12.5% for 87days @ first bank this morning

Zeiya:
I got 12.5% for 87days @ first bank this morning

.



I got mine for 13%
108 days
At first Bank in secondary market today.

pls bosses in d haus, wat are the risks associated with treasury bills..??