ify2016:
Gurus in the house should help us the new investors in answering some primary questions asked. You guys are going too far and need to carry us more along.

For instance, people have asked the latest bid on primary TB but no response yet from anyone.
Thanks House!

it would surely be posted here once it's available.

Who can explain mutual funds to me . I want to start with 500k

Pls has anyone got their debit alert for this week's bid?Especially Gtbank.

Also does anyone has an idea of the rate?

sureboykris:
Who can explain mutual funds to me . I want to start with 500k

search for mutual fund thread. This is tbills thread.

I was debited today from stanbic ibtc. The rate was 12%

bulalakoboko:
I was debited today from stanbic ibtc. The rate was 12%

Thanks for the info. Gtbank is yet to debit me.

bulalakoboko:
I was debited today from stanbic ibtc. The rate was 12%

for 91, 182 or 364 days?

I got debit alert of 1M for 182 days from FBN Tuesday night..no rate of sort was stated in the alert...visiting the bank tomorrow..

revelation2013:
Pls has anyone got their debit alert for this week's bid?Especially Gtbank.

Also does anyone has an idea of the rate?

Bro pls send me your number or email here anaebi4love@gmail.com so that I can message you

RealityShot:
all.

difference is Auto & manual compounding

bank does auto with the "reinvest interest command"

you do manual yourself like Barrytone. For the exact reasons he gave.

I think GTb is purposely withholding people’s money. They can’t have two failed bid consecutively....

seyi0802:
I think GTb is purposely withholding people’s money. They can’t have two failed bid consecutively....

Did you also use Gtbank? I want to be sure I am not the only one.

revelation2013:


Did you also use Gtbank? I want to be sure I am not the only one.

This is the second time I bid for T-bills with GTB. Last two weeks they said they had a failed bid. I am guessing same has happened again.

revelation2013:
Pls has anyone got their debit alert for this week's bid?Especially Gtbank.

Also does anyone has an idea of the rate?

Got debited today for primary treasury bill 182 days from GTB.
I don't know the rate yet but got debited again minutes after for custody fee almost 6k.
I messaged my account officer to arrange my investment certificate so I can have the full info.

CBN Further Trims Rates at PMA as Investors Scramble for T-Bills
https://businesspost.ng/2019/05/30/cbn-further-trims-rates-at-pma-as-investors-scramble-for-t-bills/

seyi0802:
I think GTb is purposely withholding people’s money. They can’t have two failed bid consecutively....

If this fails, this would be the third consecutively for me lol.

Nnamz:

If this fails, this would be the third consecutively for me lol.

Then, why do you people stick to gtbank if their bid keep failing?

OgogoroFreak:
Then, why do you people stick to gtbank if their bid keep failing?

Because I just go for the highest days in the secondary market lol. I have accounts with StanBic, First, and Zenith but I just want to keep all my tbills in one bank.

Pls any news from stanbic ibtc.....hope their bids went through.

oluayebenz:


Got debited today for primary treasury bill 182 days from GTB.
I don't know the rate yet but got debited again minutes after for custody fee almost 6k.
I messaged my account officer to arrange my investment certificate so I can have the full info.

Custody fee? No one mentioned this at least on d last 20+ pages I'v read. Pls someone explain it. Secondly must u have an acct wit d bank u want to invest tbills wit?

seyi0802:


This is the second time I bid for T-bills with GTB. Last two weeks they said they had a failed bid. I am guessing same has happened again.

same happened to me time to divert all my fund to stanbic ibtc

saipn:
same happened to me time to divert all my fund to stanbic ibtc

GTB has also failed me in my second attempt in buying TB. My time to use FCMB. GTB suck.

reservd:

Custody fee? No one mentioned this at least on d last 20+ pages I'v read. Pls someone explain it. Secondly must u have an acct wit d bank u want to invest tbills wit?

Google "custodian fee tbills Nigeria"

reservd:

Custody fee? No one mentioned this at least on d last 20+ pages I'v read. Pls someone explain it. Secondly must u have an acct wit d bank u want to invest tbills wit?

the first 20+ pages would have made you a pro cos everything you need to know was explained there.

OgogoroFreak:
the first 20+ pages would have made you a pro cos everything you need to know was explained there.

First 20pages were 7yrs ago, I felt some tins might hv been outdated by now

reservd:

First 20pages were 7yrs ago, I felt some tins might hv been outdated by now

Nothing is outdated.

ify2016:

GTB has also failed me in my second attempt in buying TB. My time to use FCMB. GTB suck.

Vote with your feet!

There are loads of other banks and even Investment banking outfits that would readily take your bids and do it for you immediately. Why stick with GTB as if they are the only one doing Tbills?

Gtb was successful with 91 and 182 days. They said the public holiday caused a delay. I've been debited for my investment. I don't know the rate though.

I prefer Gtb to my other banks because their rate is usually among the highest rates for any bidding and I can invest from the comfort of my home without visiting a branch.

captainhoo:
Gtb was successful with 91 and 182 days. They said the public holiday caused a delay. I've been debited for my investment. I don't know the rate though.

I prefer Gtb to my other banks because their rate is usually among the highest rates for any bidding and I can invest from the comfort of my home without visiting a branch.

Please I would like to know how you can invest from the comfort of your house with GTB.Also can this comfort of transaction also be achieved with Secondary TB?

chigo4u:
Please which people offers the best MMF. I mean flexibility, reliability and good rates. I want to put some money in mmf

You can go for united capital, my relationship with them has been awesome. Most especially using there app.

captainhoo:
Gtb was successful with 91 and 182 days. They said the public holiday caused a delay. I've been debited for my investment. I don't know the rate though.

I prefer Gtb to my other banks because their rate is usually among the highest rates for any bidding and I can invest from the comfort of my home without visiting a branch.

Kindly share the rate with us here for the two tenure when you eventually know it, I am presently contemplating on which bank to choose amongst Stanbic, First bank and GTB.