₦airaland Forum

Hedgefunds:
yes

When was that please? Like how much per share?

I never see anything after the initial payment ooo. That is even the reason I have not ask Morgan to delete it from my stock list.

Gabrielclint:
Good morning guys,
I called my account officer in Fidelity bank and he told me that there is a new policy from CBN that one can only invest from 50 million naira in treasury bill. I find that difficult to believe . Please can anyone confirm this information please?

It's not new so it's no news. It has been like that for a while now for those bidding by themselves. However, if you are to go with the banks bid, you can do that from either 100k, 500k or 1M depending on the bank.

Be aware that most accounts officers would rather want you to collect loan, leave your money in the account so they can meet target or do a mortgage where they could get percentage. They somehow abhor investment that's of no benefit to them. So, if you notice something like this, just go and initiate it from another branch or your bank or move your money to a more investment friendly one.

freeman67:
Ehen.... That rental payment date fell on a Saturday so I thought the payment will just be done today but nothing has been done so far.

The sukuk rental just dropped this morning. As we complain when we never see. Make we clear the air say we don see.

Ibrahim505:
It's due time for rental payments!
Has anyone here subscribed to 2023 Sukuk Bond received his coupon?

Ehen.... That rental payment date fell on a Saturday so I thought the payment will just be done today but nothing has been done so far.

debostar:
Does Morgan capital group do treasury bill

The last time I checked, the only ones they are FGN Savings Bond and SUKUK. No Treasury Bill and FG Bond.

VeeInsider:
Hello everyone. How do I open a FBN Quest account? I've tried via the app and it doesn't work for me.

Go to their office if you are in a city where they have one.

dipoolowoo:
GSK Begins Payment of N17.42 Per Share to Minority Investors
https://businesspost.ng/economy/gsk-begins-payment-of-n17-42-per-share-to-minority-investors/

NGX Group CEO Temi Popoola Emerges New CSCS Chairman
https://businesspost.ng/jobs/ngx-group-ceo-temi-popoola-emerges-new-cscs-chairman/

Unlisted Securities Market Grows 0.39% in Week 14
https://businesspost.ng/economy/unlisted-securities-market-grows-0-39-in-week-14/

Popoola Joins Ethiopian Securities Exchange Board After NGX Group Investment
https://businesspost.ng/economy/popoola-joins-ethiopian-securities-exchange-board-after-ngx-group-investment/

NNPC Owes Oil Marketers $3bn Fuel Subsidy Payments
https://businesspost.ng/economy/nnpc-owes-oil-marketers-3bn-fuel-subsidy-payments/

This first one about GSK na old news ooo. We don chop that money finish since dey wait to see if another will follow. It came as dividend 48, so this may be addition.

Bennycollins:
Hi forumites.
Please someone should clarify me, I started getting involved in Tbills a couple of yrs ago, but have never done the primary market. I opted for the PMA on advice of my bank official,ZBN, and I completed the form against this week bidding round.
I just discovered the quoted principal has already been removed from my account. Does this mean the bid is already done and successful? Or it is the practice to first remove the bid sum?
Thanks for anticipated feedback.

The money has been taken into custody from where you can access in case your hand scratch you. If your bidding successful, they will just drop your interest in your. If unsuccessful, they will drop your whole fund after auction.

Tracyy122:
Abeg o, it's past 4pm on Tuesday and the money is yet to reflect. Should l be worried?

I have actually called them about mine today and I was told that maybe the money didn't drop before the end of Thursday that's why it wasn't credited that I should wait till the end of the day. So I am in same situation as you. No cause for alarm. Just that about 5 days interest is what they are stylishly chopping off.

enque:
if the credit was done after 12pm, then you'd get value on Tuesday morning.
cut-off time for same day settlement of stanbic mmf is 12noon, any payments after 12 reflect on the next working day.

I did before 10:00. Infact, same thing happened to me in December.

Tracyy122:
Please l credited my account since Thursday and the money is yet to reflect on my account.

What should l do? I am new to this investment thing

I did same too and it wasn't credited. I have sent them a mail hopefully it will be done on Tuesday. I will just leave this to end of the month activities.

The truth is that Stanbic will just do this and stylish chop of 4 days interest on that money. I sent the money about 9:15.am.

Itsrm:
First bank has pulled out of today's auction. If you bought with them, expect refund tomorrow.

Na wa ooo. So for like 3 auctions now consecutively FBN has not had a successful bid. Na to begin overlook them and pull out funds to other serious banks being that ooo.

Ibrahim505:
It's due time for rental payments!
Has anyone here subscribed to 2023 Sukuk Bond received his coupon?

It's not yet time for the rental payments, please.

It was issued on 13 October 2023.

The biannual rental payments is 13 April and 13 October yearly. So just exercise more patience.

JohnAOne:
Pls what's the minimum an individual investor can invest in TBills today?

The minimum amount an individual investor can invest and give his/her own bid is N50M. However, if you are to invest through banks and other investments houses, it ranges from 100k to 1M depending.

Nakedman:
I only use those investment house for mutual funds. I deleted it because their rate is poor and still sitting at 12% since tbills has been at 20%, Whislt the likes of fsdh is at 16.6%.
Most of the time I’m invested in treasury bills. So I do not need them again as I already bid them goodbye. I redeemed 5m from stanbic bank via their app within 2hrs and I got my funds. The other fund I redeemed through their mail because the fund was over 5m took just 3days. That’s enough to keep investing with them.

That's fair enough.

Nakedman:
After calling them again this morning, I finally got paid from United capital. I just deleted the app and moving to stanbic. I’m done with them. Stanbic has been really smooth from deposit to withdrawal.

That's hasty. You should have just left the app there even after moving your funds as you may need it another day. Though, deleting does not mean your account is closed sha. Stanbic had a redemption ceiling of 2.5M back then, anything more will require you to mail and call them which is almost the same process with what you went through. I don't know if it has changed.

Nakedman:
I also have the same issue with ucap. Stanbic Ibtc paid me within 2hrs of submitting redemption form. Just 2 hours. It's 3days now. I haven't heard from ucap. That's crazy

For online redemption, Stanbic is the best. Very fast and smooth.

floydmayweather:
Hello Pa emma. Please which investment house/stockbroker can I use to buy FGN 10years bonds if I have less than N50million. Let say I have 10-15million.

Make I answer for am Stanbic IBTC.

Me go add say you can do it easily with Sandard Chartered Bank too. Infact for them, you can do it without interface with any human. However, I feel it's mostly secondary there and you can do it anyday.

If you decide want to consider them, just download the Standard Chartered Bank Nigeria app. Register normally like you are opening account with normal fintech app. Be sure to have you BVN Valid ID and proof of address ready because it's required in the set up. When done, your account number will be sent to you.

Then from there, you can navigate to the investing option on the app, set up your investment risk profile and after that, you are good to go.

From there you can see their TB , secondary market and bond, secondary market daily. Sometimes you can get really good rates for bond. Na their TB dey poor. Infact there you can also see foreign bonds and mutual funds sef incase you are interested.

donshady:
That is the mail I got from them after the calls this morning. I just pray I am able to get my funds. It's 72hrs now and no payment just excuses. I'll never use this investments house again. I'll stick to regular banks

Na wa ooo. I just pray they do the needful today. If it's about getting your funds back you will do. It's just this their unnecessary delay in releasing. Sorry about your experience.

donshady:
I called them immediately, I chatted them via WhatsApp, I have called them for 2days consecutively now. I no see money o

That's serious ooo. This is a very disappointing situation. It shouldn't be na. So what are they telling you is the problem?

donshady:
Hello Freeman, Do you still use Investnow? I submitted redemption funds for mmf and this people never credit me. I have been seeing complaints.

Yes, I still use them.

What I do in terms of redemption is that, I do the process online and follow it up instantly with mails to their customer service.

Once you redeem online, an automated message is set to you immediately and not long you will be contacted.

FBN just refunded my money citing failed NTB bid.

biznus:
Stanbic says WITHIN 2 working days. I redeemed Saturday and it dropped today Monday

Most times it's like that. Even with FBNQUEST and United Capital you can get your funds same day if the redemption request is done online via web or app appropriately. You do it early in the morning, have your security question and password verified and all that. Stanbic have a an online redemption limit of N2,500,000 the last time I checked.

If you are going through the mail route or going to their office to request for redemption especially for those outside Lagos, same day redemption night not work.

debbydee:
Good morning all. I am at first bank now I was informed that there is no auction this week until next week.

I also requested for their secondary market rate.

Normally, you are to do your findings before going to the bank if not. Uninformed or sometimes selfish bank staff will confuse you or convince you to accept what is not.

Attached is the 1st QTR 24 TB Calender posted here earlier. There is auction this week and they won't be any next week till upper week. If you had insisted the person that attended to you will either accept your request to invest and give you the form or call to confirm. I subscribed through FBN this week and the funds have been deducted from my account. I am just praying their bid succeeds.

Itsrm:
Okay o.

That's why it's good to operate many banks ooo. The calender from the author of TB was posted earlier and it said there will be an auction this week.
Except they changed their minds which there rarely do.

In my bank I was told on Friday that the auction will be the week after this week, I told them I was reliably informed that it will hold this week so she just gave me the form to fill.

Zenith does not seem to be a TB friendly bank. So, next time if you are sure, once he makes excuses just move your funds to a more TB friendly bank like FBN and Stanbic.

Foodempire:
I believe auctions are 14 days apart, are you sure of these dates? I want to pull out funds from mutual funds to bid on the next auction, thanks.

Normally, that's how it is but sometimes it happens that another auction will hold a week after depending on the calendar. With the first quarter calender posted on this page few days back, there is another auction next week.

manwomanok:
my people Good Evening

apart from "Treasury Bill Advice Notification" detail stated below

Dear Sir/Ma
CONFIRMATION OF INVESTMENT IN TREASURY BILLS
We confirm details of your investment in TREASURY BILLS subject to the following conditions:
Face Value :
Discount Value
Transaction Fee :
Effective Date :
Maturity Date :
Commission Amount :
Safe Keeping Fee :
Bid Rate :

what other things should i be expecting as ownerships evidence as i read people here mentioning certificate or something

Thank you

This is evidence enough. However, you can contact them for the hardcopy/paper certificate/proof of investment if you wish.

What you will get is this same information typed on the banks letter head and sign. That's all.

It's been like that since like 10 years ago that I have been passing there..

Hogwarthtrades:
@freeman67 click the username quoted post to see the calendar you requested for.

I have seen it. Thank you.

bhouze:
Dear Nlanders, How is MTN Network In Your Area. MTN Network has not been down since around 1:00PM. What is happening? What is the situation in your Area?

It's down where I am right now in Katampe Extension, Abuja.

Omoooo! See blood...! Market no want send motivation this morning ooo.