₦airaland Forum

teejay5:
Pls house when is the next treasurybill investment and what was the last rate

Grupo:
Does anyone know today's rates?

teejay5:
House pls help,I just noticed Stanbic as refund d money I bided with but dey debited me safekeeping,TB trans etc

bisiswag:
Thanks . I wanted to know if they debit without crediting upfront. I know GTB does that but stanbic has debited me and yet to credit me upfront.

Grupo:
This is not the first time we are seeing rates this high na.

During the early days of Buhari, we saw rates that high too.

tabithababy:
. Okay, please were you debited?

tabithababy:
Please for those that bidded with stanbic, does it mean that it was not successful

freeman67:
Yes most times it's like that. They have to restrict you from accessing the money. Till when everything is settled.

That way, you will no go and do another transaction like withdraw, purchase or transfer when you have already requested that they should use the money for investment. If it's not successful, it will be refunded after the auction and if successful, only your interest will be left.

teejay5:
Okay,thks alot

Plus10:
20.70% @365dsys

freeman67:
Yes most times it's like that. They have to restrict you from accessing the money. Till when everything is settled.

That way, you will no go and do another transaction like withdraw, purchase or transfer when you have already requested that they should use the money for investment. If it's not successful, it will be refunded after the auction and if successful, only your interest will be left.

feelamong:
Some basic terminologies frequently used in Treasury Bills:

OMO (Open Market Operations):
It is used either as an expansionary or as a contraction measure to control the amount of money in the financial system. When CBN buys from the OMO, funds are injected into the system in order to stimulate growth; while sale of OMO by CBN mops up excess funds from the system.

Itsrm:
Minimum is usually 50/100k if the bank is bidding for you.

unite4real:
It doesn't work that way. The date of auction is different from the day of settlements, after which bank accounts will be debited. So Friday latest it is

unite4real:
If you are successful, you should be debited by Friday

skydiver01:
NTB auction results today. 364 days rate went up.