4601CE:
Some other people like this man will pay five hundred thousand naira tithe from their five million naira and wait for strange money to appear in their bank accounts in multiples

Ennamdee:


Been following you bro, great insights ��.
I’ve tried reaching you via WhatsApp but no response.
Looking forward to hearing from you.

Ikmontana1:
hi bosses in d haus,
jus read a news abt increase in a barrel of Crude oil to $74 ..
Aw does this affect t-bills rate ??

unite4real:


TB Rates will not be attractive.

But keep this in mind;

When crude oil price goes up, you need your Naira to buy cheap dollar. when the crude price goes down, you need your dollar to buy cheap Naira (then invest it in TB).

Na profit you go find from end to end.

Sammybabelious:
Good morning my sabi people,AKA gurus....
I invested on Tbills Feb 2018,for 91 days tenure.(primary market) it ended around may,den it was rolled over to this August.I sent a mail to first bank DAT I don't want it to be rolled over again,(am not in d state I did d tbills) dey replied I should go to any first bank branch n put in application to terminate it. Meanwhile it was on d eve evening of d tenure .(15/8/2018)so I went to d nearest branch d next day,unfortunately it has already been rolled over.16/8/2018
When I applied for it to be terminated, d in charge advice me to leave it ,because I will be charged high .so he collected my number DAT after scanning n is sending it to the branch and it been approve,he will tell me d amount I will be credited.
N.B.... I the money invested is 1.59M,so when he called d next day he said I will be credited with 1.48M.DAT 11k will be deducted ,just after 1 day,not even d interest, it from my main capital. I was shocked I ask him to hold on.
He said it was rolled over at 9.85%
Pls my question is ,is it for real,or he just said DAT to scared me.11k is too much na,I tot it will be around 2_5k.
Pls advice me on what to do. Am confused.
Am sorry for the long post

Oma255:



The 11k charges is the addiction of 25% penalty of primature termination on interest and other small charges of vat and commission fee.
Yes you were charged from your principal because you didn’t have any any interest except for one day which is about 430 naira.

If you had waited till maturity, your interest would have been about 39k, so 25% is like 9,700 + other small charges = 11k

Sammybabelious:
Have actually check dis more Dan 20times .you have really made my day/ weekend..A very BIG thank you..

Inbtw.,I did not terminate it again, make I wait jejely for 3 months(by Nov)11k is too much jare ,not DAT I needed the money urgently .

Oma255:

The 11k charges is the addiction of 25% penalty of primature termination on interest and other small charges of vat and commission fee.
Yes you were charged from your principal because you didn’t have any any interest except for one day which is about 430 naira.
If you had waited till maturity, your interest would have been about 39k, so 25% is like 9,700 + other small charges = 11k

Sammybabelious:
Have actually check dis more Dan 20times .you have really made my day/ weekend..A very BIG thank you..

Inbtw.,I did not terminate it again, make I wait jejely for 3 months(by Nov)11k is too much jare ,not DAT I needed the money urgently .

Sammybabelious:
Have actually check dis more Dan 20times .you have really made my day/ weekend..A very BIG thank you..

Inbtw.,I did not terminate it again, make I wait jejely for 3 months(by Nov)11k is too much jare ,not DAT I needed the money urgently .

Oma255:



The 11k charges is the addiction of 25% penalty of primature termination on interest and other small charges of vat and commission fee.
Yes you were charged from your principal because you didn’t have any any interest except for one day which is about 430 naira.

If you had waited till maturity, your interest would have been about 39k, so 25% is like 9,700 + other small charges = 11k

Partnerbiz:


Morning,
On what authority do you say this?

Does the 25% charge apply to all banks or just First bank? Because we have seen on this thread where terminations are done with no bank charges.

Partnerbiz:




Morning,
On what authority do you say this?

Does the 25% charge apply to all banks or just First bank? Because we have seen on this thread where terminations are done with no bank charges.

aviona:
@gaeul, FBN requires you to notify the bank, at least 3 three weeks (minimum) before maturity. This clause is always written (though in smaller fonts) on their T-bills application forms. So obviously, you did not meet with that condition; hence the automatic roll over of your investment at the current interest rates, favourable or not, with or without your knowledge.
Hope others will take note.

aremso:
my Ogas in the house pls i did a tb of 241days with ecobank and the maturity day is january 3, 2019. i want to terminate it by November ending pls how much will i be charged for not waiting till maturity Gurus pls help me out. the amount is 10m @11.5% for 241day. many thanks my ogas

Oma255:



The 11k charges is the addiction of 25% penalty of primature termination on interest and other small charges of vat and commission fee.
Yes you were charged from your principal because you didn’t have any any interest except for one day which is about 430 naira.

If you had waited till maturity, your interest would have been about 39k, so 25% is like 9,700 + other small charges = 11k

Oma255:


You’re welcome.
Yes the choice to wait till maturity is better.

4601CE:

You don sight bonanza period
My Oga o
Oya check this out.

murphyrichy:
Happy Sunday guys, its been long, please what's the current percentage of T-bills now. And the next auction day?

aviona:
@gaeul, FBN requires you to notify the bank, at least 3 three weeks (minimum) before maturity. This clause is always written (though in smaller fonts) on their T-bills application forms. So obviously, you did not meet with that condition; hence the automatic roll over of your investment at the current interest rates, favourable or not, with or without your knowledge.
Hope others will take note.

umulobi:


Bidding holds on 29th of this month...the rate is determined by CBN,no one is privileged to know the rate prior to bidding but one can forecast based on available indices.

Teedeechian:
Why is everybody into Tbills and not into fixed deposit?, which is better, and does anybody knows the monthly % of fixed deposit in nigerian bank?

aviona:
@gaeul, FBN requires you to notify the bank, at least 3 three weeks (minimum) before maturity. This clause is always written (though in smaller fonts) on their T-bills application forms. So obviously, you did not meet with that condition; hence the automatic roll over of your investment at the current interest rates, favourable or not, with or without your knowledge.
Hope others will take note.