dejiotus:

...Anyone with a more recent info on Stanbic minimum amount for the secondary market can update the house. I am aware also that the minimum amount varies from bank to bank

Some Commercial Bank Secondary Market minimums:

N100k
Access, Diamond, Ecobank, FCMB, FirstBank, Heritage, Stanbic IBTC, Sterling, Union, Wema, etc. (might be more)

N500k
GTB (however, members/gurus on this thread argue it is N100k), Keystone, etc.

N1m
Fidelity, Providus, UBA, Zenith, etc.

N250m
Unity

We believe Skye/Polaris will probably be N100k too, need to confirm...

dejiotus:


Maybe your bank accepts 100K for secondary market. Unless this has changed recently, my account officer in Stanbic informed me. that 500K is the minimum that Stanbic bank accepts for the secondary market. Anyways some account officers can be economically with the truth at times because of personal agenda. Anyone with a more recent info on Stanbic minimum amount for the secondary market can update the house. I am aware also that the minimum amount varies from bank to bank

The minimum for stanbic is #100k, maybe the account officer just decided to be lazy or probably uninformed.

Cation:
has Stanbic deducted from anyone's account for tomorrow PMA?

they have not deducted mine oooh and I submitted my bid since Monday

dejiotus:


Maybe your bank accepts 100K for secondary market. Unless this has changed recently, my account officer in Stanbic informed me. that 500K is the minimum that Stanbic bank accepts for the secondary market. Anyways some account officers can be economically with the truth at times because of personal agenda. Anyone with a more recent info on Stanbic minimum amount for the secondary market can update the house. I am aware also that the minimum amount varies from bank to bank

Just 2/3 weeks ago, a friend invested 200k at Stanbic bank in secondary market.
But like you said ,it also depends on the account officers.

kings11ng:

they have not deducted mine oooh and I submitted my bid since Monday

They don't deduct till after the bid is successful

So how does it work at First Bank that you get your alert even before you leave the bank. Please help me understand. Thanks.

Hello my people,is anyone here using gtbnk who is offshore.I want to ask how do you go about your internet banking.I have tried to register for internet banking so that I can always monitor my acct but unfortunately when I tried it online,I keep seeing you need to walk into d bank to get a user id and also a password.I have called my acct officer severally but she would pick.Am tired of this niaja factor.I called their investment at marina,they ask me to call the branch where the acct is open.Any suggestion will be welcome.

dharayl:
So how does it work at First Bank that you get your alert even before you leave the bank. Please help me understand. Thanks.

First bank deducts the money before the auction and if the bid is successful, you will get your interest and if it's not successful, your money will be returned back to you.

Kindly,anyone who has today's auctioning results for primary markets should kindly update us..?

Thanks dammy222

dammy222:

First bank deducts the money before the auction and if the bid is successful, you will get your interest and if it's not successful, your money will be returned back to you.

91days = 11%
182days = 13.5%
364days = 15%

Gavrelino123:
Kindly,anyone who has today's auctioning results for primary markets should kindly update us..?

If I invest 1M for 91 days tenure on 11% rate, what's the likely interest after maturity?

Sunwa1:
If I invest 1M for 91 days tenure on 11% rate, what's the likely interest after maturity?

No interest on Treasury Bills. They are discounted.

So you get N27,500 before deduction of fees.

And your 1M back on maturity.

MCeemajesty:
91days = 11% 182days = 13.5% 364days = 15%

Thank you very much..

CompareDBest:

Some Commercial Bank Secondary Market minimums:

N100k
Access, Diamond, Ecobank, FCMB, FirstBank, Heritage, Stanbic IBTC, Sterling, Union, Wema, etc. (might be more)

N500k
GTB (however, members/gurus on this thread argue it is N100k), Keystone, etc.

N1m
Fidelity, Providus, UBA, Zenith, etc.

N250m
Unity

We believe Skye/Polaris will probably be N100k too, need to confirm...

UbA allow 100k

Attention Needed!

Went to submit my application for 300k on Monday for 364 days in GTB but the customer care lady told me that it's only 91 & 182 days that are available..

Please is the info reliable, or am I been shortchanged as I had to subscribe for the 182 package.

dharayl:
Thanks dammy222

You are welcome. I was a JJC to all this too a few months back. But following this thread has helped me a lot.

CompareDBest:
Thanks Nnamz...I should have noted it was built for Europe. Considering the rate you mentioned, you can compare their offer to the following:

1. https://www.transfast.com/
2. https://www.ping-express.com/send-to

Unfortunately, we have no experience with the above, but believe they were on the approved CBN list years past now: [url]https://www.cbn.gov.ng/Out/2016/CCD/Press%20Release%20on%20Illegal%20IMTSOs.pdf[/url].

Ping Express is not in the CBN list. Should it be trusted?

Nnamz:


Ping Express is not in the CBN list. Should it be trusted?

No. 11...but we have no experience with them.

dammy222:

Just 2/3 weeks ago, a friend invested 200k at Stanbic bank in secondary market.
But like you said ,it also depends on the account officers.

Many thanks for the update

MummyIMadeIt:
Attention Needed!

Went to submit my application for 300k on Monday for 364 days in GTB but the customer care lady told me that it's only 91 & 182 days that are available..

Please is the info reliable, or am I been shortchanged as I had to subscribe for the 182 package.

It looks like that. Below is the TB primary market calendar for current quarter

Nnamz:


Ping Express is not in the CBN list. Should it be trusted?

Yes na. They sponsored Wande Coal's "Iskaba" video

Iskaba Iskelebete Iskoloboto

*Dances out of thread*

CBN Sells N225b T-Bills as Funds Rate Crashes to 4.50%
https://businesspost.ng/2019/01/31/cbn-sells-n225b-t-bills-as-funds-rate-crashes-to-4-50/

Please, I'm new to treasury bill. I don't even understand everything discussed on this thread. Can someone kindly enlighten me? What is primary market, secondary market and how does those interest rates apply?

CompareDBest:

Some Commercial Bank Secondary Market minimums:

N100k
Access, Diamond, Ecobank, FCMB, FirstBank, Heritage, Stanbic IBTC, Sterling, Union, Wema, etc. (might be more)

N500k
GTB (however, members/gurus on this thread argue it is N100k), Keystone, etc.

N1m
Fidelity, Providus, UBA, Zenith, etc.

N250m
Unity

We believe Skye/Polaris will probably be N100k too, need to confirm...

First Bank said that their minimum
amount for treasury bill is #1m, was there this morning.

House please i need your professional advice and help. I am getting myself ready to make my first investment in treasury bill next month. I am working on the form at the moment. On the form there is a statement like these * I/We hereby instruct .....Asset mgt ltd to make direct debit into my account details as shown below and also a statement like * Investment will be automatically rolled over except otherwise advised.

Please i need clarification as i intend living the money on treasury bill for a long while,which do i chose.

Thanks

moneywoman74:


First Bank said that their minimum
amount for treasury bill is #1m, was there this morning.

We are not sure if individual branches have their own minimums. We doubt this. If you are interested in investing less than N1m, send an email to firstcontact@firstbanknigeria.com; they should confirm it is N100k and help put your request through).

CompareDBest:
We are not sure if individual branches have their own minimums. We doubt this. If you are interested in investing less than N1m, send an email to firstcontact@firstbanknigeria.com; they should confirm it is N100k and help put your request through).

.

Thanks. But i may invest upto #1m.

Hi all, Does anyone know what Stanbic's rates were at yesterday's auction? Thanks.

moneywoman74:
House please i need your professional advice and help. I am getting myself ready to make my first investment in treasury bill next month. I am working on the form at the moment. On the form there is a statement like these * I/We hereby instruct .....Asset mgt ltd to make direct debit into my account details as shown below and also a statement like * Investment will be automatically rolled over except otherwise advised.

Please i need clarification as i intend living the money on treasury bill for a long while,which do i chose.

Thanks

Still waiting for an answer please!

moneywoman74:


Still waiting for an answer please!

You should have asked the officer that gave you the form to guide you.

Is there anyone here who bidded for yesterday primary market with First bank?? Have you been credited with the upfront?