₦airaland Forum

TotoNaRubber:
I'm about to convert £90,000 to invest in TB, as much as the interest in TB is tempting, i prefer my hard currency anyday, anytime.

The value of my raw cash could slighly go up or crash by 50% value if these idiots that occupy CBN make a wrong move again.

EuroBonds isn't in the plate as i hold currency in GBP not USD.

Euro Bond is sold in USD and not Euro.

obiZEAL:
Try fixed deposits, you get between 12.5% to 19%. Depending on amount and tenure.

Impossicant.

Donbrig:
Happy Easter my fellow investors. You guys should understand that banks don't compete with rates in treasury bills, the primary aim of every bank is to have their bidding rate scale through. And the differences between bank rates are not even above 1%. Banks always loose more money than their customers if their bidding rate should fail.

Please educate me. How do they lose money when their bid fails?

BlackAfrican:
In the alert I got, I saw the text below in the description:

DESC: 20176452564-SELL-BONDMMDISCOUNT

Is yours similar?

The BONDMMDISCOUNT is just making me uncomfortable.

Meanwhile I got 12.365% for 364 days

Are you sure it's not Bond they bought for you?

lymelyte:
Thanks sir.. What if I don't want to close the account but withdraw all?

You can withdraw all now and later credit your account in future. I experimented with it before I decided to leave my money with them.

xzibukz:
pls someone should recommend a good bank oo

FBN or Stanbic.

Pascal2016:
I went to First Bank today to make inquiry about TBil (Primary Market to be precised) and the person in charge told me to fill the form for it and the money in my account will be deducted immediately but it can only start counting from next week Wednesday being 17/04/2019 when the TBil will be available.

My question is, is this how TBil works?
I thought it can only be deducted on that said Wednesday?
Is the guy really truthful or is he trying to use the money for business first or what?
Please can someone address this issue for me because i am confuse. Didn't fill the form though.

That is how FBN opetates.
That is why i wait till friday before going to the bank to apply.

Where are you located?

So what's our conclusion?
Between united capital and Fbn quest, who pays better interest?

isangjohnson:
Please I really need advice from you guys here. My sister went and fixed 1.5m with eco today. When I ask her of document for the transaction, she says no document was given to her, that the actual person that was supposed to handle the job wasn't around and she was asked to come back next week.
I'm just surprise. If the actual person wasn't on sit to start and finish the job, while could someone else collect the cash and ask her to come back next week without giving her any evidence of transaction?
I'm just being curious because our system is so porous and full of dubious personel.

My understanding is that money should have been paid into an account, whether yours with the bank or that of the bank. You don't give cash to anyone in the bank, you pay to the cashier and get a teller.

Modified.
If the cash was already in her account, then you have nothing to worry about.

needful:
Am tired, look what they paid today. They didnt pay me on the 3rd but jumped to 4th. See what I got on the 4th.

Mathematicians, help me calculate this things, because am tired already

What you are showing us is part of your interest moved into you main account to be invested. Show us a daily screen capture of your accout like its shown below.

Hmmmm.
Looks good.

Febo:
Good day everyone, i am really glad to be part of what is happening here. I don't know how much i would have pay to learn what i have learned here for free..Thanks all
I will be opening a MMF with Stanbic tomorrow but before that i want clarification on 3 things
1. Can i top-up my investment anytime?
2. Can i withdraw my investment anytime?
3. What is the minimum or maximum amount i can add to my anytime?

1) Yes
2) Anytime after 30 days.
3) Minimum of 5K. No maximum.

Febo:
Good day everyone, i am really glad to be part of what is happening here. I don't know how much i would have pay to learn what i have learned here for free..Thanks all
I will be opening a MMF with Stanbic tomorrow but before that i want clarification on 3 things
1. Can i top-up my investment anytime?
2. Can i withdraw my investment anytime?
3. What is the minimum or maximum amount i can add to my anytime?

See response below.

Can we just stop.
Enough of all these. Those involved are not even bothered.

Desanta:
I must confess that united capitam appears to be doing extremely well. You will need to have 2.1m to get 700 naira from stanbic.

If their redemption process is easy, i won't mind opening an account with them.

eddyakinrinde:
Ok I only spread about 2.5m across the three funds, 1.8m on united capital, Axa 250k and Investment one 200k plus too. I have my reasons for putting much in United capital.
I decided to move around 2.5m from my matured tbill to Mmf so as to diversify a bit.
On the question, united capital use to post average between 730 and 750naira daily. Axa between 80 and 100naira daily, same with investment one.

I must confess that united capital appears to be doing extremely well. You will need to have 2.1m to get 700 naira from stanbic.

eddyakinrinde:
I opened 3 mmf accounts recently; United capital, Axa mansard and Investment one. To me United capital is the best so far of the three, followed closely by Axa mansard. Im still thinking seriously about Investment one. I so much love United capital though, their customer service, ease of funding account and daily interest. I also plan to open with FBN and Stanbic soon

You are a strong man ooh to be able to manage all these accounts. I find it difficult to check my single account every other day.

maishai:
I reached out to afriprud and they said they will pay latest friday.

Thanks.

Mcy56:
Hope you submitted your e-mandate form and you don't have name/sign issue. If yes, call their registrar, Africa Prudential to find out, they are responsible and used to pick call or reply mail.

Thanks.

Good evening all.
I thought Transcorp was supposed to pay dividend on the 19th of this month. I have not received mine.

I know a cooperative society that can give you the loan at 7% monthly interest but you must also pay part of the money given to you each month(i.e about 350k) plus the interest for the 6 month period. But it is in Benin city.

CuddleBear:
poverty

No need for insults.

OgogoroFreak:
you've been using it close to a year or close to a month?

Cos I did saw 14% this year when I wanted to try the app but I was discouraged since they don't give you your profit upfront.

True talk.
They had 14.1% about 3 weeks ago.

azpekuliar:
Abeg who for here dey use the Sterling bank I-invest app to invest in TBs? I intend to download the app. I would appreciate a review.

It's okay. I only have two issues with them,
You can only have assess to your money after 30 days.
You loose 30% of your interest if you terminate before maturity.

Grupo:
Hahahaha. That explains why he is "still yet" to get a job with his MSc. Lol.

Harsh.

maishai:
Yeah, You will fill some forms @ Morgan, Pls get your account number and chn Number from the various stock broker or better still get your most recent cscs statement from those brokers take them to morgan and follow their instruction, as for the IPO they need to be dematerialised by morgan.........Anyway you are in for a long walk but it will be done faster if you have all the time to spare

Thanks.

Mcy56:
Yes. Contact their customer care unit.
Only that Morgan can be slow in attending to this kind of request.....but yours might be different, just keep following it up with them both thru mail and phone call. Good luck.

Thanks.

Good day all.
Please I have some shares from different companies I bought through different stock brokers and through IPOs. I don't use any stock blocker currently by I have opened an account with Morgan capital. Is there a way I can bring all my stocks together to be managed under Morgan capital?
Thanks.

Mzora:
@Desanta please help interpret this comment on a recent fnac report : The features seen is most probably a combination of lymphocytic thyroiditis and colloid goitre. Thank u

In simple terms it means it is not a cancer( Malignant tumour). It's good news.

HenryWilliams:
Morning y'all. When can one expect debit alerts for successful bids?
Another question that bugs me:_supposing I write a letttr seeking to invest in TBills and for some reason the bid was unsuccessful.. Would I have to write another letter for the next auction or the bank would take my original letter as standing instruction to invest in subsequent auctions without a recourse to me?

FBN would use the instructions for the failed bid in a fortnight . So just chill.