₦airaland Forum

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.

BabsO2:
What does FOMO mean ?

Fear of Missing Out.

GSK, after the payment, what next. I thought that by now it would have been removed from investors CSCS accounts. Abi they leave am there for the remaining small payments.

donshady:
Please how do I reach them on WhatsApp? I need their contact

When you open your investnow app, click on that picture side and scroll down down, you will see the 'Contact Us' line. Click on it and it will display all their contacts including their WhatsApp.

nues1769:
Hello, please I need assistance I opened a united capital account, but they are asking me for TIN number which I don't have, although I choose other options to continue the registration, please will this affect my investment if I want to withdraw my investment.

Though I had my own TIN while opening the account I don't think it will not affect it.

Itsrm:
100k-50m 12%
50m-200m 13%
200m-1bn 14%
>1bn 15%

First bank, 1 year Tenor.

Minus 10% WHT from the interest.

donshady:
Thier mutual fund seems to be the worst of Thier investment. They hardly improve on Thier rates, customer care services is zero.

For customer service, I only mail or chat them on WhatsApp if I need them and they respond. As for rate it's been a while I have checked any rate sha.

Just checked now and saw that it's about 10.59% which is poor compared to what Stanbic posted yesterday. I just hope they do better soon.

donshady:
Is anyone using Investnow here? I'm sick of those people.

Yes, I used it. What's the matter? What's 'sicking' you about them?

efismikoko:
Good Evening folks

Pls I am supposed to get paid today but nothing now
Pls do we have anyone expecting payment today too

I don't know the exact one yours is. My expectations was on 11th which fell on Saturday however, it wasn't even paid on 12th. I received it on 13th instead.

So sometimes, there are delays like that but if what you are expecting is the first coupon/interest, you may wish to just email your bank/broker about it. They will either notify you if it hasn't been paid or trace and see if there was any error along the line if it has been paid.

Coolcash1:
Life goes on…if you like kill your self on top work. If anything happens to you, your employer will quickly replace you.

Life na 50/50, even people wey refuse to work at all or like to lazy around go still die. For them, no headache for anybody in trying to replace them if or when they die.

Hogwarthtrades:
**** will update as soon DMO update us**
This is all one can see through CBN=> https://www.cbn.gov.ng/rates/govtsecurities.asp

Ok. Will be looking out, please.

Thank you.

Please, whoever has TB 1 Qtr 2024 Calender to help me post it here ooo.

NL1960:
I have never downloaded the statement.

When you first made this complaint, i decided to track mine. So on the morning of January 31, 2024, i took a screen shot of my dashboard and did a mental calculation of the daily interest and the likely figure to be credited. On February 1, i checked again. What was credited was higher than the amount when i took the screen shot which means the one day interest of January 31 was added. Did not bother to start tracking to decimal places because the rate used daily is not always specified.

It's better you download your statements from the web and keep. It may come in handy whenever you have the time to check.

Even though daily interest is not always specified amount added monthly is specified. That amount should tally to the previous amount you had if summed up or a reason should be provided for why it doesn't add up in the statement.

I just had to add the screenshot for avoidance of doubt but I will take them down now.

NL1960:
How did you track this?. Interest is posted on the first day after end of month. If you check your statement during the day of the end of month, one day interest is not yet calculated.

Before, I used to open my app almost everyday except the days I extremely busy. I did that through December and noticed that the interest that was displayed throughout was debited but not credited. My balance was reduced. Thus, I complained to them and they rebuffed my complaint with the claim of mistakenly posting interest to all MMF accounts twice for December so they had to deduct it. Which was false, because I was very sure of what I was saying. That period, I wanted to make a deposit and had to observe to see that all was normal from their December - January end of the year balancing before I deposited to avoid issues.

Also, I noticed that after my complaint they made adjustments to statements on the app. Before, every end of the month, it will be indicated that your interest was debited with the - red sign and credited with green + sign for people that choose reinvestments of interests. Immediately after the complained I noticed that all the debit was removed and the last debit was corrected to credit.
Thus, I insisted on what I believe/observe then they asked me to bring a proof but I couldn't because the one I had was in their hands and they have altered it. So I deliberately decided to start keeping statements.

After the back and forth, I downloaded the Statements for my accounts from Inception from their website reflecting my balance on the 31 of December 2023.

On the 1st of February I open the app and discovered the interest for January has been credited. So, I downloaded the statement again, I wrote out my balance from 31 December 2023, added the amount I deposited and the amount they posted/claimed that they credited as interest. The was no indication that they debited any and it didn't add. I did it with my other account and I discovered it same. The money taken might be significant because the money is small but I hate being scammed by those I entrust funds to.

You can check the attached screenshots for confirmation.