I may need to change my bank oh...This one that Ecobank dictates what % we can bid. It's ridiculous... for 91 days 8% is the max we are permitted to bid and for 182days, its only 11%...
I have become oloju ko koro...I enjoyed my 14.50% for 182 days I got the last time. I cant deal with this small %
Still thankful though.

Oh my goodness....
My bank offered me 13% for 182 days a while ago n I refused! Damn it... The rates are going soo low. Time to go back to my 91days or just see how things play out after the election.

princeuk21:
I was right

I absolutely agree with you. I have now put off bidding till next 2 weeks again. I doubt I want to go with 13.25% for 182 days.

Pluslargent:
13.25? that's terrible...it should have dropped at 14 at least until after gubernatorial be for it dips lower than that..

Your TBills will always be safe regardless.

lanruma001:
Is t bills save with the new govt inplace?

With the change in power and successful election, rate will dramatically reduce. My bank is recommending I bid 13.25% for 182 days. It was around 14.50% 2 weeks ago.

kennyzboy:
Greetings house gurus, what rates do you suggest for bidding this week? Would like to have an idea on your forecasting skill analysis. I think maybe the rates might not differ significantly from the previous one, or what do you think?

You are too funny... I enjoyed this post! Pele dear... I went natural in 2006 but during my 2014 naija trip, I went back to relaxing .I relax every 4 months now & I am very happy.

He is a man with great knowledge and wisdom. May God preserve his life to see many more fruitful years

He is an amazing leader& a good strategist. Today would not have happened without him... Off course, GOd decreed it but he was that intrument used. I really respect this man, wish to meet him someday....sure I can learn a lot from him.

O ga oh... U will get around N26,250.00 after 91 days and if you invested 1M for 1 yr (364 days) your return should be N105,000.00 at 10.50%

deebsman1:
Am having difficulty calculating the t-bill return, i will like someone to please tell me the exact amount of what N1,000,000.00 will return in 91day at the rate of 10.5%. is it N105,000.00? no mind my olodo ooo

http://www.cenbank.org/News/newsarchives.asp
Go down a little bit you will see the headline "Nigerian TReasury BIlls Issue Programme (second Quarter)

Seun:
I noticed that you posted it earlier. How did you get it? Thanks & cheers.

Henceforth...bidding will take place every 2 weeks.
Next date is 9th of April
Timetable below.

Imagine, I instructed 14.30 for 182 days, need I say more....ecobank didn't bother to process my request.

wuwu2:
anybody placed bids yesterday? I did with first bank But havnt heard nothing from them. what was the outcome?

Same with ECobank, I am so upset...I even sent them the new calendar on the new bidding dates.
My account manager said the treasury department are not aware, therefore no bidding will take place.
They probably wanted the bank to bid, so they will sell to customers from the secondary market.

dandollar1:


Na wa o, GTB is saying they are not aware that there is an auction this week, but zenith bank confirmed it. Does it mean some banks can decide to opt out?

My bank manager said she didn't get instructions from the head office about the bidding taking place and the banks recommended rates. So, I guess nothing for me this week.

Ecobank

Bamz:
Angelo82 & ummitoagirl,

Kindly mention the banks you use for tbills.
Thanks guys.

What a good gamble, Whaooo....I didn't lose out on both though, I got my 182days . I wasn't too comfy with the 364 days though, seems too long of a time to lock down my cash. Very happy I didn't put all my eggs in one basket. Will add the gains to my capital & reinvest next week.
BTW, according to the chart I attached, does it mean an auction take place next week?

ummitoagirl:
I did 15.40% for 364 days & 14.50% for 182 days...
fingers crossed!...

Does this mean treasury bills would be sold next week as well?
See attached image

I did 15.40% for 364 days & 14.50% for 182 days...
fingers crossed!...

cee001:
ok

Thank you...soo sweet of you

Damolaskynov:
I hail everybody here O!!
I just wanted to drop a note and commend everyone keeping faith with the economy,It shall be well with us all. I don't have any money left to invest for now,would have loved to reinvest my interest from last bid 2 weeks ago but other commitments have come up.
I wish you all success as you reap massive gains this week...by next bid,the bulk of the elections would have come and gone and at least,it will be much clearer where Naija is headed economically et al... stay blessed and rich

love
power
health....
I think i want money tooo...that's my no 1 priority now

Whaoooo this is massive!!! The rate keeps going up.
I requested for 182 days @ 13.5% and my bank didn't put it through, I was late on the submission. I now see this as a blessing in disguise. My bank would usually recommend 3 stop rates, you choose one. I was initially going to go for 364 days, as CBN last stop rate was 15.25%, (feb.) but my banks' highest recommendation was 14.20% which I thought was too low, I was expecting like 15%.
Seeing this result, I am confident ecobank will recommend 15.25% as the highest stop rate for the next auction.

kaptinphilz:
March 4 result from cbn site
91 days tenor=10.8%
182 days tenor=14.85%
364 days tennor=15.899%

I m still waiting for first bank notification. I don't know if thier bid is successful.

Exactly what happend to me... I use another bank though. Exactly 182 days @ 13.5%, see it as a blessing though. Look at the stop rate for 4th of March on CBN website, the rates will be soo high for next 2 weeks.

tunai:
I do not know why GTbank keeps frustrating my tbills effort,I wrote a letter for 182days @ 13.5% which is far lower than CBN stop rate and yet they did not do the transaction.

I am beginning to lose my believe in this stupid bank, this is the second time this is happening back to back.

I didn't read this before I posted my msg....I guess we are thinking alike.

beatsbug:
Mods, FRONT PAGE 1s again pls, the Last time this thread was on front page it was ridiculed with doubts which chase many away, but since its been cleared. And OP wats d update so far. donations, expenditures if any, and ofcos, where is Folake? She was suppose to be here by now. You know peeps are watching and expecting ur updates.

Can you update us on further donations received? How Folake is doing? How's the whole family? And ur op, hope all is going ok with you?

Thank God for nairaland, I never heard of this BVN oh. Tell me, do I have to come to naija before June/July? Or can I do it anytime I visit? Which offcourse maybe 2016.

Just checked and no 364. I got same rate in my inbox from my bank too though 15.25%. I will assume that's the general stop rate, incentive to go for 364 days I tell you.

Damolaskynov:
Guys,
I am currently on the Central Bank webpage for government securities and I can see from what's published there that only 91 and 182 days NTB was issued for auction yesterday 18th February. I am worried as my account officer did not respond and my account was not debited for a rebid of 364 days that matured yesterday.
My question goes specifically to feelamong, please where did you get the 364 day rate as published on your post? On the CBN website,nothing was published for 364 day tenor and I don't know if that rate you published was specific to only the bank you use or a general stop-rate. My account officer is still not picking my calls!!!!

Basically, my bank gives you 3 rates and you chose any % you want, anyone that went with ecobank for 91 days probably lost out.

Bamz:



I just think it's safer going with the bank's rate.

Lost this bid, I will have to wait for 2 weeks....damn! 15.25% for 365 days is amazing...maybe I will go for 15% 364 days next time.

I understand you are a bit paranoid, not everyone that is looking for help will dupe you. Trust ur instincts! If you believe he is being fraudulent, then don't assist but don't deter others from assisting. It's a 31 yrs old female.
Also, you can't base your assistance on that paper, anyone can photoshop...we are helping cause a nairaland member versed by visiting folake.

CHESTER48:
Zoom his hospital pix of folake OK.it 11 and i swear it if anybody zooms that picks and comfitms it not 11 let the mod ban me from this thread oo.this guy is a fraud..I want to save my people io.this is how me n my pareznts got duped of 800k oooo..he he.I am saying it now too

Where did you get 11 years old from, if you go back to page 1, the attached image says 31 years old. I will urge on more people from nairaland to visit the lady in question. Furthermore, you should understand this is a trying period for the brother, he can't always get everything right. May God heal folake

CHESTER48:
Anybody who paid money to this guy has been duped.this guy is a fraud.I wish I can get. Gun and shoot you.You can hire a patient,pay him,your business partner,you can pay a doctor.all he needs,is give you the location of the hospital,and when you come,the business partner is there lien down,the next thing the paid doctor will work in.and experiment and just say she has a brain tumor..and tell you guys to leave.and when you guys go,the patients stands up and goes home.anybody want to see patient, the same thing,after all it 3million.you have more than enough even if you pay the doctor and your business partner.fraud to the highest order.you are now happy cause people have paid you money so you don't care anymore if I open this up..you created a post like this since Jan,and blood was oozing from her nose till now.the picture you post was 11yrs old girl.the picture in your former post is a very matured lady you said she was a youth.is that lady a youth.she is no more 11.you said the doctors said why she was able to stay and cope was because she was a young girl.is that woman in your picture young.i upload the picture now.you said your parents don't know.how can an 11 yrs old have an account.unless you guys are very rich.but what i can see you are not rich that why you begging for helpp.you said you guys dont have money again,but you again said you paid 145 k.you again said you pay 60k every week.you are contradicting yourself.you say so many things that you not supposed to say.you said she is your sister.you don't have the same fathers name.you said you need 12,500usd,you said why it 12,500 USD is because of your former money you owed.but you said you completed the money and now pay 145k.or wait you said it was the money you owed before,or did you fly her to Ghana before.how can you owe money in naira and convert it to dollars to get more.you're a thief. This is how I got duped when coning to Ukraine for the first time.scammer

Yes off course.
I went for 11% for 91 days....awaiting the result.

Bamz:
Hello everyone, are Auctions still taking place today?

I wish to do so but I am not in Nigeria and cant do a transfer without a phone number.

ibizgirl:
Hello dear, why not pay the money into his account. Details are on the 1st page of this thread