Just2endowed2:


really? i cant buy investment that cannot be liquidated

Not listed yet doesn't mean it will not be listed. Besides, I don't know why someone will take his time to apply for bond of this structure and want to liquidate less than 2 weeks. Such fellow should deal more in the stock market.

unite4real:


Not listed yet doesn't mean it will not be listed. Besides, I don't know why someone will take his time to apply for bond of this structure and want to liquidate less than 2 weeks. Such fellow should deal more in the stock market.

Floyd45:


Good morning, I'm also a newbie here and was thinking about walking into Ecobank this morning to find out their rates. So you did all this without having to walk into a banking hall?
From my little knowledge gained from this thread, I guess your interest should be around 23,000 if I'm not wrong.

Oh that is very small I thought is it 10.50 % of my investment.

zinaunreal:


this one got me

Yes. My biz is forex exchange, I liquidated my CAD when it was 290 and invested in TB over 2yrs ago and now naira to dollar is 270 to 280. Remmemeber that my TB has been on constant rollover. If I should liquidate my TB now, I should be making over 30000$cad just in a space of 2yrs. I dont always like to comment, I preferred to read peoples comment and move. No time

Alepa:

The thing weak me too .
If we are to follow their logic , then salary earners should also be comparing their earnings to dollar so that they may believe they’re now earning less

Better start comparing because according to the big financial analyst that we have here, that is how u know weather u are making money or not. ����

unite4real:


Not listed yet doesn't mean it will not be listed. Besides, I don't know why someone will take his time to apply for bond of this structure and want to liquidate less than 2 weeks. Such fellow should deal more in the stock market.

Guy u funny die with your response. You got me rolling on the floor with laughs.

pallybrown:


Oh that is very small I thought is it 10.50 % of my investment.

Omo mehn, long throat no good ooo. Initially, i was curious why you picked 10.5 % short term tenors compared to 13.5% long term tenors of 356 days. Na now i just confirmed how you dey think, if na like that, all of us go don turn to billionaires like Dangote now.

chigo4u:

Sorry I want something from banks

Hello, it is a financial institution bro

needful:



Yes. My biz is forex exchange, I liquidated my CAD when it was 290 and invested in TB over 2yrs ago and now naira to dollar is 270 to 280. Remmemeber that my TB has been on constant rollover. If I should liquidate my TB now, I should be making over 30000$cad just in a space of 2yrs. I dont always like to comment, I preferred to read peoples comment and move. No time

So you are comparing unstable Canadian dollars with stable Naira/USD for the past 2 years. You are better off hedging your CAD in Naira considering the volatility in CAD. In 2012, CAD was stronger than USD and fast forward to today. 1 USD is now 1.32CAD. CAD has lost more than 32% since i started tracking it from 2012. I hope you are not surprised for such depreciation in CAD, imagine Brent crude that is selling for 59.92 USD while Western Canadian Select, WCS was selling for 33.93 USD. Infact, 3 months ago, it went as low as 8 USD coupled with the fact that, Canadian economy depends on US economy.

Gurus in the house, please I invested in TB in Oct 2018 for 91 days duration. The interest entered my account on Oct 4. I expected my capital to drop in my account of its own accord since Jan 5 but today is Jan 9. How much longer am I supposed to wait for it? Or am I supposed to go the bank for it? Thank you.

pallybrown:
Good morning guys, I have been following this thread for a very long time so I decided to try this with my bank. I sent them and email and they replied with a form and I chart list so I pick the shortest time, fill the form and sent back.

Can someone explain how much my investment will yield

.

76÷365×10%×1,000,000= 20,821

pallybrown:


Oh that is very small I thought is it 10.50 % of my investment.

From your screenshot it appears your interest has been deducted

SOLAWY1234:
Gurus in the house, please I invested in TB in Oct 2018 for 91 days duration. The interest entered my account on Oct 4. I expected my capital to drop in my account of its own accord since Jan 5 but today is Jan 9. How much longer am I supposed to wait for it? Or am I supposed to go the bank for it? Thank you.

Confirm your dates. Tbills drops on Tuesdays or Thursdays.

SOLAWY1234:
Gurus in the house, please I invested in TB in Oct 2018 for 91 days duration. The interest entered my account on Oct 4. I expected my capital to drop in my account of its own accord since Jan 5 but today is Jan 9. How much longer am I supposed to wait for it? Or am I supposed to go the bank for it? Thank you.

If u have a proof of investment check your maturity date and if it has passed , check ur account balance alerts don't always come.

Can anyone explain this to me? I'm lost here.

Did treasury bills for 358 days @ 14.5% gtbank today.

Jejebabaa:


So you are comparing unstable Canadian dollars with stable Naira/USD for the past 2 years. You are better off hedging your CAD in Naira considering the volatility in CAD. In 2012, CAD was stronger than USD and fast forward to today. 1 USD is now 1.32CAD. CAD has lost more than 32% since i started tracking it from 2012. I hope you are not surprised for such depreciation in CAD, imagine Brent crude that is selling for 59.92 USD while Western Canadian Select, WCS was selling for 33.93 USD. Infact, 3 months ago, it went as low as 8 USD coupled with the fact that, Canadian economy depends on US economy.

My dear, I don't wanna argue with you because I do not know how to argue. But pls, for ur info, Canadian dollar has never ever been stronger than usd. And to further elaborate my point. In 2016, usd was way over 400 per naira, as at 2017 and 2018, it came down to 350 to 360 etc. Where are all of u predicting it to get to 1000 by now. I repeat, u cant use present info to predict future because forex market is full of fluctuations. My 2cent though.

One-Month T-Bills Yield Drops to 15.18% After Previous Day's 0.25% Rise
https://businesspost.ng/2019/01/10/one-month-t-bills-yield-drops-to-15-18-after-previous-days-0-25-rise/

needful:


My dear, I don't wanna argue with you because I do not know how to argue. But pls, for ur info, Canadian dollar has never ever been stronger than usd. And to further elaborate my point. In 2016, usd was way over 400 per naira, as at 2017 and 2018, it came down to 350 to 360 etc. Where are all of u predicting it to get to 1000 by now. I repeat, u cant use present info to predict future because forex market is full of fluctuations. My 2cent though.

Can you quote one person who said it will get to 1,000 by now?

No one said so. The point made is still flying over many people's head.

Logic, you pick a time range that favors naira, lol! How about the time range of 2015 till date? How about the time range of 1987 till date? The charts are there for everyone to see.

Then again, what is this logic behind naira salary earners not being affected? I thought we were all smart people here. To disprove a point you bring an illogical statement? Truth is with a naira depreciation in value to the USD, it's people who earn forex who won't be affected. For the people who earn in naira? Not so much. And the most painful thing? From 2015 till date how many Nigerians salary has increased? We all know the answer to that.
Are we all blind to the fact that a decrease in value of the naira to a dollar in a country that imports everything from toothpicks to rice will affect the price of goods and services? What currency are this things bought with? Definitely not your naira. It was after the naira problem laptops, phones, bag of rice, and so many other things doubled in price. So all this did not happen? Salary earners did not suffer and are not still suffering it?
Can anyone can tell me one thing being done that is different from 1987 till date in Nigeria? When you look closely, you will see things are still the same.


All in all. Since you guys just want to win an argument. Know what? You win! I and others trying to advise others are very wrong. We don't know what we are saying. We are obviously saying nonsense.

I appreciate everyone that takes time in making meaningful contribution and making this forum what it is today. please let us desist from ridiculing others contributors opinion,we scare people from sharing their views with such behavior. We learn from one another,every contributions makes me think,learn and review what i think i know. I started following this forum when it was in page 35 and i have learnt a lot and still learning. But it griefs my heart when we ridicule those trying to makes us see things from diff perspectives. We have lost great minds in this forum base on this attitude, please let us have a mind of a "LEANER". Let us be objective in our cases without ridiculing others opinion . All contributions is important, it is only kids that want to be right at all times. Come to think of it what trophy is in there for the winner so to say. Please state your case,learn from others, make your observation and move on. Please let us learn to respect one another.

I appeal to all those that felt offended based on this antagonistic attitudes of some of us here to please take heart and find a place to forgive US. Please don't keep the truth you know to just yourself but share for all to gain.Please do it for those of us that want to learn,your views are liberating life's. Thanks to all

Pls I want to invest 300k in TB with First bank, how do go about it this is my first time.
I need some tips pls

needful:


My dear, I don't wanna argue with you because I do not know how to argue. But pls, for ur info, Canadian dollar has never ever been stronger than usd. And to further elaborate my point. In 2016, usd was way over 400 per naira, as at 2017 and 2018, it came down to 350 to 360 etc. Where are all of u predicting it to get to 1000 by now. I repeat, u cant use present info to predict future because forex market is full of fluctuations. My 2cent though.

Not true madam.
I personally did some transactions in 2012 via USD/CAD and CAD was stronger than USD then.. 10,000 USD will give you 9,963.50 CAD.
Below links also proves that.
https://www.exchange-rates.org/Rate/USD/CAD/12-31-2012
https://www.poundsterlinglive.com/best-exchange-rates/canadian-dollar-to-us-dollar-exchange-rate-on-2012-04-25

Today secondary market rate for Gtbank
357 days 14.5%
175 days 12.75%
84 days 11.25%
I think gtbank rate is improving.

DEBUU:
Pls I want to invest 300k in TB with First bank, how do go about it this is my first time.
I need some tips pls

Walk into First bank since you have account with them. Meet the customercare/your account officer and tell them your mission. you will be well guided.

CBN to Auction N823.5b Fresh Treasury Bills in Q1 2019
https://businesspost.ng/2019/01/10/cbn-to-auction-n823-5b-fresh-treasury-bills-in-q1-2019/

easyflow:
Today secondary market rate for Gtbank
357 days 14.5%
175 days 12.75%
84 days 11.25%
I think gtbank rate is improving.

Cool rates,is it possible to submit a bid with these rates tomorrow if i walk into the bank?

I got this message from their contact page after i made an inquiry

"The next treasury bill bid will be on the 16th January 2019.You are to send a writing and signed instruction to your account officer stating the amount and tenor bid before close of business on the 15th January 2019"

Hi guys,
STANBICIBTC TBILLS RATE FOR TODAY(10-01-2019) AS SENT FROM MY ACCOUNT OFFICER

Please find below the treasury bills rate as at today.

14.5 % 357 DAYS

12.75% 112DAYS

13.5% 70DAYS

Regards.

I Know there's been a long debate on this

What happens when you bought T-bills at a low amount and then the prices go up. Does it make sense to sell and jump in again? Hope the gurus will help out

Using real examples

A 1million bought at 11.15% in August 16, 2018 for 364 primary market. Does it make sense to sell now?

cooldudeng:
I Know there's been a long debate on this

What happens when you bought T-bills at a low amount and then the prices go up. Does it make sense to sell and jump in again? Hope the gurus will help out

Using real examples

A 1million bought at 11.15% in August 16, 2018 for 364 primary market. Does it make sense to sell now?

What type of sense will that be?
If you sell it now, you will lose some money. That is, you will cough out more than what you received as upfront interest and you will also lose by selling it at higher rate because the buyer will receive higher rate than you received.

On the other hand, if you bought at say 15% and you want to sell now at 11.5%, then you will gain at the end of the day because you will pay the buyer at 11.5% whereas you received 15% when you bought it-that's how Treasury Bills work.

Thus aspect of Treasury Bills has been explained on this forum severally by my humble self and many others in the year 2017/2018. So if anyone needs further clarification, they should visit past thread.

teeielts360:
Hi guys,
STANBICIBTC TBILLS RATE FOR TODAY(10-01-2019) AS SENT FROM MY ACCOUNT OFFICER

Please find below the treasury bills rate as at today.

14.5 % 357 DAYS

12.75% 112DAYS

13.5% 70DAYSu

Regards.

Kindly pardon my ignorance regarding the question am about to ask.

70 days gives 13.5% while 357 gives 14.5%

Imagine I got 13.5% after 70 days, I'm thinking I can invest about 4 times (70 days ) in 357 days. And get 4 x 13.5% interests

Am I wrong?

Ourown:



Kindly pardon my ignorance regarding the question am about to ask.

70 days gives 13.5% while 357 gives 14.5%

Imagine I got 13.5% after 70 days, I'm thinking I can invest about 4 times (70 days ) in 357 days. And get 4 x 13.5% interests

Am I wrong?

You are so wrong because if it was like this, people will work and save from salary for only 1 or 2 years. Invest the money in TB for 30 days tenor each and rest forever.

Actually whenever you are dealing with a bank and you hear interest, do know it is per annum. You can then prorate accordingly

easyflow:
Today secondary market rate for Gtbank
357 days 14.5%
175 days 12.75%
84 days 11.25%
I think gtbank rate is improving.

this is true. I did 358 days @14.5%