₦airaland Forum

C4Ltd:
my people I have received my credit alert at maturity. so I reinvested in fbn and for the first time I ticked the option of reinvesting interest as well. my principal was debited and no interest upfront this time so I was glad. but when I checked app, I saw a very small amount in hundreds credited as ntb interest. is it usually like that? I wasn't expecting to see anything "INT REF" credited to me.

Na so e dey be. No cause for alarm.

infantlion:
Hello specialists in the house,
I was given 15.1% for 182days@firstbank a month ago.Principal-1m ..Interest was rolled over...I.e no interest was paid to my account.

I intend to terminate my investment on Monday due to pressing issue at hand..
I humbly want u guys to help me with answers to these questions:
1.Can I get my principal(1m) back without deductions?
2.how long does it take to process tbill termination request?

Best wishes!!!

cc:feelamong & co

You should get over a million naira.

Secondary market is now hot cake, so you should be able to get your money back in a couple of days.

Awesomemama:
I've learnt a lot so far
Thanks again

You shall go very far and prosper in this business for taking time out to read and understand it.

Same question, over and over again. Becoming boring.

No

dotcomnamename:
Wait oo, i did not have the hard copy o, they only scan copy to me by email because my account is First Diaspora Account, i invested 5 million. Is that a risk not to have hard copy? Although it also shows in my account.

You are good and okay.
Fear not. It's all in your account statement.

Magnifico2000:
This is the day that my tb will mature but i want to terminate b4 that time. 30dats have already gone ot of it. Will it b easy to liquidate.

If it's with FBN and not more than a million naira, I might be able to buy it off you at the current rate.

Magnifico2000:
Please i want to terminate my tb of 91days.. although 30days have matured on it. How do i terminate plus hw many percentae will i lose?

Just approach your bank. Ask for the person in charge of TB. Tell him what you want and he /she would tell you what is involved. It's usually very easy

Magnifico2000:
If this is approved, will it affect current TB rates? I.e will d rates go lower?

Eventually the rates will go down.

okochaik:
My mum is in the first bank now and trying to bid for primary market but they told her that she can only go for secondary. What does she need to do?

She should ask for what is available.

Why we are refinancing local debts with $3bn – DMO
Abdulfatai Ayobami Ibrahim / 12 hours ago


Everest Amaefule, Abuja

Refinancing Federal Government’s maturing local debts with $3bn external borrowing will not only crash the rate of domestic borrowing but also allow some borrowing space to the private sector, the Debt Management Office has said.

In a statement issued in Abuja on Friday, the DMO said borrowing from foreign sources to refinance the local debts would also allow the government time to repay the loans when the economy must have fully recovered from recession as well as when the economy must have been diversified.

The Minister of Finance, Mrs. Kemi Adeosun, had shortly after the Federal Executive Council meeting in Abuja on Wednesday announced the plan to borrow $3bn from external sources to refinance local debt of $3bn.

The FEC approval followed a proposal by the DMO for the refinancing of part of the country’s domestic debts, particularly Nigerian Treasury Bills, through the borrowing of $3bn.

The DMO said the move was informed by the lower dollar interest rates in the International Capital Market, adding that Nigeria was expected to borrow at a rate not higher than seven per cent while issuances of the NTBs in the domestic market were at rates as high as 18.53 per cent.

According to the office, external borrowing is cheaper by about 12 per cent and will result in substantial cost savings for the FGN in debt service costs.

The DMO said, “Besides reducing the cost of borrowing, the $3bn is expected to be raised for a tenor of up to 15 years, which is very long compared to the maximum tenor of 364 days for the NTBs.

“This move will effectively extend the tenor of the government’s debt portfolio. The longer tenor enables the government to repay at a time when the economy would be stronger and more diversified to meet the obligations.”

It added, “The reduction in the level of the FGN’s borrowing from the domestic market will result in a reduction in domestic interest rates and free up borrowing space in the economy, particularly for private sector borrowers.

“The $3bn from the refinancing will also represent an injection of foreign exchange into the economy which will boost the country’s external reserves.”

The DMO said that the approval of the National Assembly would be obtained for the proposed refinancing before implementation in line with the Debt Management Office Act 2003.

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Nothing new.

Nothing new. He will walk as usual.

Ibukun003:
Stanbic cool...364 days at 18.48%

They are truly the king of primary market.

We wish to inform you that your bid for a Treasury Bill of xxxxxxxxx with reference number 110151002860 was successful. Full details below:

Reference Number: 110151002860
Principal: xxxxxxxxxx
Rate: 18.25%
Tenor: 364 days
Maturity Date: 2018-08-02

Thank you for choosing FirstBank.

NL1960:
Please can you provide the statistical formula?. I will like to store it for future use.

(Principal x 100)/100 - interest or bid rate.

The above gives you an idea of the amount to have in you account.

Interesting!!!!!!!!!

Nothing new.
Scammers everywhere.

This is what you get when you have bad leaders.

Ovie2011:
I was thinking Stanbic IBTC because I don't know if their first bank branches in benin will be friendly at me on this.

Go to the King's square branch.

KolaShangOne:
1. Can you bath with it. I say Yes.

2. Can you wash clothes with it? Rain water is hard water and does not form lather with soap. So it's a bit difficult to wash with it.

3. Cook with it? Drink it? Although some companies have approved WHO certified for drinking certificates but generally, it's not too safe to drink it because of the dye.

Thanks.
That means rain water can wash the dye making the water unsafe for cooking.

Please how safe is the water collected from stone coated aluminum roofing tiles? Can you bath with it, cam you wash clothes or even cook with it?
Thanks.

I have received my interest, FBN.

RIP.

This sounds interesting.
I'm an investor. How do i key in?

Old news. It's been on since January.