I think the 31st of July auction rate is missing here

Someone invested 10 million for 91 days and got 9.764 million debited from his account. Is this possible to get just 240k approx on such investment or some kind of fraud is in place?

pongwa:
Someone invested 10 million for 91 days and got 9.764 million debited from his account. Is this possible to get just 240k approx on such investment or some kind of fraud is in place?

Yes, that's correct. You probably got below 10%

pongwa:
Someone invested 10 million for 91 days and got 9.764 million debited from his account. Is this possible to get just 240k approx on such investment or some kind of fraud is in place?

Yes
If the rate is 9.75 or 9.8 the interest is either 243k+ or 245k. Bank charges will also be taken from the 243k+ or the 245k

@9.75%= 0.0975*10,000,000*(91/364)
=975,000*0.25 = #243,750-bank charge
@9.8%= 0.098*10,000,000*(91/364)
=980,000*0.25 = #245,000- bank charge

Pls what is the difference between Primary and secondary market.

I just missed 31st June bidding. Can I do secondary Market?

delawal:

it may not increase BC d Xmas shopping is short lived and seasonal. now people suppose dn dey bring in goods for Xmas.so why still d high demand for savings(tbills).

I must tell people as a bizman, sales really has declined. do u know DT many bizmen prefer to go save their huge money and just use small amount to do Biz. this is BC buyers rate has reduced.

during d election I was more worried about buharis approach to economics than where he came from. some of us who were against his second term had already seen where his policies re driving Nigeria to. then we even hoped DT any other person DT is not buhari even if its a goat should win. at least DT goat might be a listening and ready to learn goat which should be better than buhari that is not ready to learn. d Yoruba's thought its a war of d tribes for superiority. its not its about the survival of d people in this country.
just conduct research without bias and see how many people their life has grown from worse to worst under this govt. I tell u more people will be poorer as d years progresses under buhari.

You no dey hear word. Keep political and ethnic ramblings out of this place. We're here to make money, not talk politics.

If you have problems with any tribe, that's your headache, just don't use it to disturb us here.

Good morning, please how do I start if I want to do treasury bills? What are the requirements?

Good morning, got 10.45% for 182days from GTB in the last auction.

horlar02:
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pongwa:
Someone invested 10 million for 91 days and got 9.764 million debited from his account. Is this possible to get just 240k approx on such investment or some kind of fraud is in place?

It is correct, he actually got 9.6% for the 91 days

Hoyeenz:
Good morning, please how do I start if I want to do treasury bills? What are the requirements?

Go to your bank and inform the customer care your intention, they will direct you. You don't need any special requirement. Have your money in your bank account, for bank like FBN and IBTC 100k or more and get to your bank Monday of the week of primary auction or any business day for secondary market, complete the required form which doesn't require any attach document and you are good to go.

I have 9.5% on secondary market for 76 days. I intend doing 1.5 to earn 29k discount.

What your say?

incogni2o:
Pls what is the difference between Primary and secondary market.

I just missed 31st June bidding. Can I do secondary Market?

Haba my bother, try to read earlier pages now. Primary and secondary TB markets extensively explained before.

Primary market usually available every 2 weeks but with little distortion. Secondary market available to buy anytime based on your bank's availability.

First bank secondary market for today has 244days at 10.25%. Also 321 days @ 10.20%

Hello house, I did 2m Tbills with GTB & was debited 1,787,919 for 365 tenor. Is dis correct at all?

Dont

amjustme2:
Its obvious the strategy is showing some sign of life. MMF too slowly coming down.

My 182 days just due few hours ago, still contemplating.

Hit it.

vinzez:
I have 9.5% on secondary market for 76 days. I intend doing 1.5 to earn 29k discount.

What your say?

Did access yesterday.

Approx 19k on 1million for 78days

Hoyeenz:
Good morning, please how do I start if I want to do treasury bills? What are the requirements?

Go to aceess before 3pm any working day of the week.
You just need to fill a form
.

igbizen:
9.75% 91 days in primary market. And I got 9.8% for 63 days in secondary market. I think primary and secondary is almost the same. No need to be waiting for primary auctions.

Actually sometimes you get a better rate with secondary market.

hancock:
What's happening to Treasury bills lately?
11.18% for 364days? This is turning out to a joke

Na to port to Ghana now as they are having some juicy rate of 17% and the exchange rate fluctuation is not that bad.

Akin3891:



Na to port to Ghana now as they are having some juicy rate of 17% and the exchange rate fluctuation is not that bad.

Do they allow foreigners to invest?

Bbbwings:

Go to aceess before 3pm any working day of the week.
You just need to fill a form
.

I was confronted by a guy in access bank,he said i should fill the hida form...high interest stuff..is it same as treasury bill

Jgoldie:


I was confronted by a guy in access bank,he said i should fill the hida form...high interest stuff..is it same as treasury bill

Hida is 6% or so. And you have max of 3 withdrawal per month. That was what they told me then. Them use sense for me for 1year

Jgoldie:


I was confronted by a guy in access bank,he said i should fill the hida form...high interest stuff..is it same as treasury bill

Tell them it is TB you're interested in.
Don't let them peddle different stuffs to you so as to make their target.
Pretend like you know what you're doing.

cybertek:

Hida is 6% or so. And you have max of 3 withdrawal per month. That was what they told me then. Them use sense for me for 1year

That one has a target to make.
Na so one stanbic guy use me that year.
I move money inside account finish come dey tell me stories.

cybertek:

Hida is 6% or so. And you have max of 3 withdrawal per month. That was what they told me then. Them use sense for me for 1year

hida is 6% from 5m upward but 2 - 5% on below 5m

OgogoroFreak:
hida is 6% from 5m but 2 - 5% on below 5m

Yea true, so imagine instead of 10%+ for that tbills

Bbbwings:


Tell them it is TB you're interested in.
Don't let them peddle different stuffs to you so as to make their target.
Pretend like you know what you're doing.

Thank you...but can i invest 100k in treasury bill with them or should i just move the money to stanbic

cybertek:

Hida is 6% or so. And you have max of 3 withdrawal per month. That was what they told me then. Them use sense for me for 1year

Went online and I saw i can't use an atm card,i can't withdraw as i like...its a big no fo me abeg

Jgoldie:


Went online and I saw i can't use an atm card,i can't withdraw as i like...its a big no fo me abeg

Yes don't mind the bank. They want to use us to meet target

The rate on I-invest app is juicy.

I just saw maturity period at 30/01/2020

1.5m would pay 1.597m at 12.35 % I'd have gone for this one, but I don already collect 29k from Fidelity maturity at 17-oct-2019