I just applied for t.bill with zenith bank, they just gave me a form to fill. But they didn't issue any form of document as a prof that I applied for t.bill.
Pls will they send me any mail or document if the purchase goes through?
I asked the lady about these things she just said I will receive a debit alert if the purchase goes through

Bluekapon:


When you walk in and ask for tbills, they automatically channel you towards the secondary market.

But I understand that some banks can bid for you directly at the primary market which offers a higher interest rate, however there's a minimum amount you must invest. I learnt Access is 50m, FBN is 1m, etc

I need more clarification on this.

Pls I am also interested in this.
I thought individual can now be bided for by the banks in the primary market for amounts
far lower than 50m

Good day fellow investors, I've been following the insightful comments on this thread and I must commend everyone.
But pls I need to know if these banks have investment houses where one can go to apply for t.bills or do I just walk straight to any bank Branch( for eg any zenith bank Branch if I am to use zenith), and apply for it?
Your comments and any additional info is highly appreciated.
Thanks

If binance knows what it's doing it will sue the govt for illegal/unlawful detention and kidnapping.

EponObi:


Thank you.

Banning Binance is the right move by the FG. But note that Binance isn't wrong but they have their faults too.

Binance P2P is not price discovery system like they said in their announcement. It's just a platform where users transact like we used to do here on Nairaland and LocalBitcoins.

However, there are some bad elements using the P2P system to sabotage the country. They've been spoofing the order book.

What will happen next is Binance and the FG sitting at the table to iron out a few things.

Everyone using Binance already kyc'ed. They can fish out the saboteurs. In fact, Binance has started removing suspicious accounts. Aside this, the FG will make a deal with Binance to protected Naira. Soon, people won't be able to quote prices that are outside the official naira rate on Binance P2P marketplace.

The FG can't ban us totally from using exchanges or crypto because crypto is taking up some of the responsibilities of the FG regards employment. Also, Tinubu has plans to tax crypto earnings. So it's a goldmine Nigeria and this government can't afford to miss.

My brother these last 2 paragraphs of yours right there is the answer to all these problems,.
Simply work with binance to put a cap on the quoted p2p price to always reflect the official exchange rate.
Simple!!
Instead of outrightly banning what is creating jobs you can't create.

jeejo:
I understand that what I am about to explain will earn me insults from a selected few individuals because the same culprits are active here on Nairaland, so I am ready for that as well.

If you go to Binance P2P, there is a heavy manipulation going on there, and from my deductions, most of the big Binance P2P Merchants are united in carrying out this manipulation. Some of them even have over 2 Million dollars worth of USDT in their Binance P2P Funding which begs the question whether these people are truly Nigerians or probably foreigners making money from destroying the Nigerian economy.

Many people might not understand the strategy these merchants use, therefore, I will try to break it down.

This is how the manipulation works:

1. Lets assume that the Naira to Dollar is currently exchanging at the Parallel market for 1,500 Naira. On Binance P2P, the group of Merchants will create multiple fake ads claiming that they will buy your USDT for 1,700 Naira(way above the parallel market price). I call these ads "fake" because they will set a minimum limit above 5Million naira, which means if you want to sell your USDT to them at this exorbitant rate that they created, you must be selling a usdt value worth over 5Million Naira at once. This strategy works in filtering out majority of average Nigerians that want to sell their USDT to these Merchants. Meaning these fake ads will remain at the top of the p2p "sell" section for as long as these group of Merchants want it to remain. And if by chance someone who has enough USDT to meet the minimum limit decides to sell to these merchants, they will simply cancel the trade, and create another ad.

2. Now because these group of merchants have filled the P2P "sell" section with these fake ads claiming to buy your USDT at an exorbitant rate of 1,700 NGN, they have automatically shifted the P2P price of Naira to USD to 1,700 Naira, and now they will be selling their USDT to the public under the "buy" section above 1,700 Naira. Now - unlike the fake ads they created with a minimum limit that is above 5Million Naira to discourage sellers for selling to them at this high rate - when they are selling their USDT at this already manipulated price, you will find limit as low as 4,000 Naira because they want to sell to the Public at the exorbitant price they created.

Binance P2P is the new AbokiFx where BDC operators get their current price of Dollar from. The fake price originating from there is in turn used by the BDC operators to set their Dollar selling prices even without any corresponding demand. But the interesting part is that these BDC operators won't buy from you at any rate close to the exorbitant price they are selling the dollar to you.
Here in Benin city, even though the parallel market price of Naira is above 1,600 Naira, the Abokis hardly buy your dollar for above 1,500 Naira but they will sell to you only above 1,700 Naira.

Some people might argue that if Binance is to blame, how come the official exchange rate is now above 1,500NGN to 1 USD? The answer to that is simple. Each time the rate in the Parallel market moves up, the CBN is forced to also adjust official rates upwards in order to close the gap between both windows or else the black market rate will be too wide that it will create an irresistible opportunity for round-tripping.

There is a huge rot in the entire BDC system in Nigeria that I don't think this CBN governor has any idea how deep it really goes.

Pls stop sounding fuulish. Its either you are one of the paid agents or you lack thorough understanding of what's going on.
This is what the govt. Should do-

1. Create an automated system through tech that would be used to disburse/ monitor Forex transaction and stop the issueing fiat dollar.

2. After thorough investigation, go after bank
Managers that sell Forex to politicians and use those the can catch as Scape goats ( that is if the top govt officials themselves are not complicit but, I doubt that), that is why they've neglected this major aspect.

3. Declare BDC and black market a major crime punishable by law and enforce it. Then banks must sell dollar to those who need it for business purposes

4.finally, instead of banning binance, work with them to place a price cap on USD which should be same as the official price from CBN
Thereby having a single exchange rate. Remember binance is creating job opportunity for our youth thereby reducing crime

Maculadensa002:


Exness
FXTM
DERIV

Pls howblong have you used them

Pls can anyone here recommend 3 honest Forex brokers with very good and transparent mt4 platform

Godsonkemz:
Based on my encounter with many of them, I've realized that Jehovah witness people are so damn wicked and heartless.

Cry of a disfellowshiped child

Courz:
The Kingdom Hall is serene as A first time observer. Keep going there and get to know the people and you will understand what Toxicity and Hypocrisy means. You will also notice Class distinctions and Cliques.

By the way, the Kingdom Hall is supposed to be serene because that is what is expected of them but the reception is where all of them get loose.

This one has been disciplined/disfellowshiped

GREATIGBOMAN:
You spend your whole lives abusing and cursing and tormenting Igbos daily on this platform.


You are all fools and idiots.


Those APC supporting idiots are the biggest tribalistic idiots causing division up and down.


Useless pigs


Lagos is no man's Land.

Come outside of Lagos and do your worst idiot.


We go team up with Abokis and Fulanis send all of una to Ogbomosho.

From your statement it's obvious you don't stay in Lagos. You should be ashamed of yourself and a coward for that matter.
Beware of senile individuals like this their aim is to cause division between the 2 tribes.
We should all be smart

Beware of AGGRIEVED PEOPLE TRYING TO TURN YORUBAS AGAINST IGBOS BECAUSE OF THE LAGOS RESULTS. BOTH YORUBAS AND NON YORUBAS VOTED FOR OBI.
PLS STOP THE TRIBAL HATRED.
IF OSINBAJO WAS ALLOWED TO COME OUT FOR APC HE WOULD HAVE BEEN MASSIVELY VOTED.

I hope all YORUBAS HAVE SEEN THAT IGBOS ARE NOT THEIR PROBLEM IN THIS COUNTRY. ITS CLEAR THAT ATIKU IS COASTING TO VICTORY(ALTHOUGH I DONT SUPPORT HIM).
SO YORUBAS SHOULD STOP BEING AFRAID AND ACCEPT THAT THE HAUSAS ARE THEIR PROBLEM, COS from the look of things they have being BETRAYED

Tboymessiah:


NasoLifeBe!!!

Abeg tell me the best soup person fit cook wey person go eat for three days....make learn how to manage my sef .. .. thanks

Na Ogbono soup, my guy

So 8 years of serious hardship is not enough hardship. So We have been enjoying? Kai, is it not clear that this people don't have solutions to the already present problems APC put us in? Instead of telling us about how they intend tackling the mess we are already in. This country and some of its citizens who still want to vote in this candidates are already cursed. So no hope

.

DeleTaller:


don't disturb urself over this guy and his likes... they are just everywhere on the Internet to contribute nonsense... Nairaland allows lots of nonentity to have their voices here... there is nothing they don't turn upside down... as at yesterday they were all jubilating over Lawan..but today now when Buhari talk they said he is trying to favor Atiku again...

Shebi b.cos we are speaking the truth u don't want to hear we r now no nonentities?
Don't worry u will eat your words very soon.

alfarouq:


What do you guys really want for God's sake.
If he backs a northerner, you guys will accuse the north of not respecting the zoning arrangement in APC, now the Northern governors and Buhari agree to zone it to the south. You are still wailing.

My guy be smart and stop all these wailing. Northerners play politics like chess game. They can play it using any strategy that favour a Northerner.if you Southerners are united and smart, then your next move should be to form a united front then of the Southerners from one party should step down for the other in the other party and give him his maximum support.

Kai, the North is indeed advanced in politics than the South. And the Southerners are too foolish not to notice it. See them jubilating foolishly.
The grand plan here is to divide southern votes b/w apc and Labour Party
Then vote massively for atiku Northerner
Buhari is done with apc and has no business with it any longer.

Lawan is buharis choice. His is a staunch worshiper of buhari. Throughout his tenure as senate president he's been in full support for whatever buhari does, good or bad. The cabal strongly wish to install one who they can control and lawan is the perfect candidate for that.
Pls take this to the bank. Enough of d unnecessary permutations.
It's very obvious

I am really shocked to see the comments & replies op is getting from this topic. It really shows how bad our society has gone in child upbringing. And if this negative trend continues, then I really fear for the future of our country and the human society at large. Crime and insecurity will worsen. Things like rape, cultism and armed robbery will only get worse the way we are going. cos a morally degraded family will only contribute to produce a failed society

So what's the essence of making the vaccine mandatory since it cannot offer maximum protection from getting re-infected. Arant nonsense!!

BelieveAfrica:


Guy, don't go anywhere. You can live a better life here in Nigeria with your kind of mindset and hustle. You only go abroad to rest.
Focus on your business and grow it bigger.

This naija when fit dabaru at anytime!!

Please, I am a pharmacist trying to register with pharmacist gateway canada. Has anybody successfully made payments on the pharmacist gateway website using flutterwave barter dollar card? Please help a brother, i need an urgent reply.

Pls I need a link for the BCS WhatsApp or telegram group. Pls can someone kindly send to my email below: kennethodiachi@gmail.com
Pls help a brother

benedictuyi:
If you're looking to open a domiciliary account, run away from stanbic ibtc..

They don't let you transfer deposited funds abroad

How do you mean?
Bank wire or otherwise?

Ommo, moral just de for all time low 4 dis thread
Wetin happen naaa?

layzie86:

Trove
Bamboo

No.
Trove & bamboo are not foreign platforms to nigerian residents

kemicalreact:
You mean the order you've already placed at market price?

No.
I mean the order you placed at limit price(limit buy/sell orders)
Can such orders be cancelled immediately?
Just like we have in trove or chaka?

kemicalreact:



You can set buy and sell limits on passfolio for free.

You did not answer my question about cancellation of buy or sell orders for price readjustment