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Investment › Re: Treasury Bills In Nigeria by freeman67: 11:07am On Jun 29, 2025

PharoahIII:
Does it have to be a regular account or can you do it through stanbic BlueNest

I have not done anything investment via BlueNest since it's been launched but I believe you should be able to invest in Treasury Bill from there if you have sufficient funds in your BlueNest wallet and the TB is available. I have not tried to find wallet from another bank before. I am not sure of it's possibility because it's not list amongst the existing bank accounts you can pay to for now. The only thing I see is Stanbic IBTC @ease Wallet which different from BlueNest.

Also, the bank account added to my BlueNest account is my Stanbic IBTC account.

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:25am On Jun 29, 2025

luciouscookie:
Good morning, please I invested in treasury bill last week and I currently have have some money in the same account. Can I also invest it or is TB a one off thing that I have to wait till maturity to invest again.

Please help a newbie.

No, you do not have to wait till maturity. You can investment in it every business through the secondary market if available or Primary Market at every auction.

All you have to do is keep a form of investment dairy where you will record for record keeping and better planning. You can also collect the certificate/proof for records.

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:20am On Jun 29, 2025

PharoahIII:
To buy tbills from stanbic do u need to have an acc with them? Also if one isn't in d country how do u go about buying tbills from stanbic

To invest in TB through any bank you will have to have an account with them. If one isn't in the country, you can mail your account officer and copy the mail Customer Service address of your bank. From there you directed on how to go.

Investment › Re: Commercial Papers by freeman67: 7:15am On Jun 29, 2025

USA2019:
I get you, but bonds and Sukuk are a different case—they usually pay out quarterly. Treasury Bills are always (I have not personally had or heard of a default) paid on time at maturity because it is a one-time payment, and I think they typically have sufficient time to prepare for it.

20% discount rate of CP with 10% WHT is equal to 18% effective discount, plus you don't get paid until maturity. With Treasury Bills, I get my interest upfront and can reinvest it in some other high-yielding financial instruments to beat CP, bond, or Sukuk rates.

I guess it's to each his own--you're the CEO of your portfolio!

The major and only advantage TB has on CP, is that CP carries more risks of default. It's been a while have I done TB via PMA. All payments due for Sukuk, bonds and FGN Savings Bonds I had before 2023 ending were coming appropriately except for 1 or 2 exceptions where the proceeds sent by CSCS bounced back due to bank issues or them inputting incorrect account number. So, when it began to happen that way I became weary of them because to me, the idea of fixed income with them was being defeated. The are all Government Securities, this I classified TB in same category.

That said, CP interest is paid upfront exactly like TB. It's even better because unlike TB where the some banks like FBN and co will want investors to have the complete funds in their bank account and the money is taken into custody until after the auction before either their upfront or refund is made to them depending on whether the auction was successful or not, with CP investors only pay them the discounted value on the funding date as indicated on the issuance notice. That also give them the opportunity to invest the principal with interest by themselves and benefit the implied/true yield of the investment if they don't have urgent need for the interest.

True 20% minus WHT is equal 18%. Still CP is still more beneficial in that aspect. All fees of CP's are borne by the issuer. No commission fee, no vat on commission fee, no custodial fee except some greedy stock brokers like Afrinvest. Remove those fees and your interest will no longer be that 18%. Afrinvest will charge you extra and claim that they are just Stock Brokers and not Merchant Banks like other agents and arrangers/dealers thus, I no longer subscribe through them again.

Like you said, I am the CEO of my portfolio. I have assessed the risks and feel I can bear it at this particular time. I still have Evans Medical shares in my stock broking account which I would have since deleted but I haven't done that because I want to use that as a reminder of the inherent risks in stock investment.

Caveat: Please for other readers passing by, this is just a discussion between me and USA2019. This discussions are not to be taken as any form of investment advice. Thank you

5 Likes

Investment › Re: Commercial Papers by freeman67: 6:23pm On Jun 28, 2025

USA2019:
I get your point, but I think using the bank's secondary discount rate and equivalent yield for TBills, I'm getting equal or even better returns compared to commercial papers (CPs), which carry higher default risk. Treasury Bills, backed by the Federal Government or or our national oil reserves, are far more secure—worst case, the government can print more naira to pay. I've never experienced delays with TBills, but I know several companies that have delayed or defaulted on CP payments at maturity.

I'm not trying to discourage anyone from investing in CPs—they can be a valuable part of a diversified portfolio with varying risk and return profiles.

I am aware that it carries more risks than TB but like I said earlier, I have done rinse and repeat for like 8-10 CP's. Though not much, but inside the 10, it's only one that didn't pay at the exact date infact my last CP that matured came at 01:00 am of that day. Some have come a day before and most of them come at that exact date. The only one I have done so far that defaulted is Afex Fair Trade Exchange that delayed and they communicated about issues with their bank that'll make them not to pay at the scheduled date. Even though I will never subscribe to any CP from them again (Because they didn't pay me extra kobo for the delay), It was well communicated.

I have a few Sukuk, FG Savings Bond and FG Bonds running. Since the end of 2023 there is none that has paid me the rent or coupon at the exact maturity date. Some of my enquiries on them are on the TB thread. Other people too concurred.

I also have not seen any TB with better rates in the same period with the CPs sha. The highest CP most time is 270 days which is about 9 months. I have StanChart, Stanbic Blunest and i-invest apps where I check secondary market TB's I have not seen rate for that tenure that is up to CP rate.

2 Likes

Investment › Re: Commercial Papers by freeman67: 4:59pm On Jun 28, 2025

USA2019:
I’ve never been charged interest on my Treasury Bills, including the most recent one I purchased in March 2025. When exactly did this new tax regime take effect?

If I can remember very well, I was made to understand that the tax holiday on both TB and CP expired at the same time then. So they should both be subject to WHT now. That said, there are some classes of investors exempted from the WHT. It's mostly individual investors that pays the WHT most times. Institutional/corporate investors do not pay in CP.

Lots of TB individuals subscribers do not have what it takes to stand alone and bid for themselves so their bids are collated and presented as the banks bid. That said, so that may be why it's still seems that they are exempted. Also, the most times the rates given out by the banks are in the guise of what they bidded is usually lower that the official stop rates.

I stopped TB investment especially primary market since around 2020 due to very low rates. Then recently I was tying to go back but had to stop, due to delay in repayment and lack of respect for investors plans and feelings especially from end of 2023 to this period. Though riskier, I find myself more at peace with CP at this moment than TB. As of now, I have not experienced much default in CP payment dates than I have in Government Securities these days.

2 Likes

Investment › Re: Mutual Funds by freeman67: 11:44pm On Jun 27, 2025

Jeoma2024:
I haven't used fbquest before but I don't know why I feel comfortable with them, I have been trying to open account and it is taking longer than expected, I am tired of waiting, I am thinking of united capital but when I typed in there name on Google to sign up, I will be seeing INVESTNOW, it is quite confusing

Can anyone here help me out with Fbquest
And how good is this united capital

INVEST NOW IS the App for United Capital Asset Management. So it's correct.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 8:00pm On Jun 27, 2025*

Morgan Capital intend to increase brokerage commission from 1st July, 2025.

Investment › Re: Commercial Papers by freeman67: 1:19pm On Jun 27, 2025

Chuksworld:
Is like people don't do cp here. I saw mecureseries cp on Stanbic. Is it worth investing in?

People do ooo. It's just dependent on your risk appetite. That's all. Me I still do sha.

Infact lots of CP's in the market now.

Afrinvest just sent me notice for the Mercure Industries, Ucap sent me a notice for champion Breweries also, then coronation action sent me notices for Fidsonson healthcare and Coleman Technical Industries.

Dangote Sugar Refinery and Skymark just ended this week too.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 5:18pm On Jun 24, 2025

chimex38:
People like dangote and co make OT less risky cuz they have a reputation to protect.
The A+ rating also helps.

Largely, they are mostly unsecured debt. and if they default, you can do nothing.

True but as a JIJO master he can still do with Companies that has B rating na. The lesser the rating, the higher the interest rate. (Higher risk, higher reward).

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 5:13pm On Jun 24, 2025

bastardson:
23% is huge in 6 months.

Is it like Fixed Deposit?

Would the capital and interest be paid after the set date ?

I need to read on how commercial papers work

Hope you know that the interest rate calculation is per annum.

It operates almost like treasury bill. Interest is paid upfront and Capital is paid at the expiration of the investment on the set date. Though I have had one default till after about a week later before the capital was paid after doing about 10.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 4:39pm On Jun 24, 2025

Locotrader:
Dangote sugar commercial paper is just out and also closing tomorrow.
I am interested if rates is above 20%

It is but not much. See the details below.

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by freeman67: 1:00am On Jun 24, 2025

jeffdaniel:
Hi everyone, does anyone know what is going on with the Dangote Cement commercial paper? I subscribed for the CP directly for more than a week now, am yet to hear anything.

Normally it's takes upto that period or more sometimes before you hear from them depending on their workload. However, you can just send them a mail requesting for your confirmation notice.

1 Like

Investment › Re: Mutual Funds by freeman67: 12:46pm On Jun 18, 2025

madeinnigeria:
I'm referring to the stanbic wallet on bluenest.. it hasn't reflected in my account.. what do i do

Sorry, I thought it was your MMF Account. I have not used that bluenest before. So, I won't know what to advice. However, you called always check their 'Help or Contact us' of the blunest to pick their phone number or email address and lay your complaints.

Investment › Re: Mutual Funds by freeman67: 12:04pm On Jun 18, 2025

madeinnigeria:
Hello guys i sent money to my stanbic wallet but it hasn't reflect for over 6hrs.. what do i do

6hrs is small ooo. If you did everything correctly, you should expect to see the credit notification in your mail later in the evening or even tomorrow morning.

Investment › Re: Mutual Funds by freeman67: 4:15pm On Jun 12, 2025

SlahJoe:
Thanks for your contribution sir, please how can I successfully set up auto investment by card payment option, I tried several times paystack keep debiting #10 instead of the amount I wanted

The truth is that I have not tried it before. You may have to mail/contact their customer care for it.

Health › Re: Nurse Refuses To Treat Accident Victim At Federal Medical Centre, Abuja by freeman67: 9:06pm On Jun 09, 2025

jaephoenix:
I myself have been arrested by the police for managing a stab wound victim who was brought in by 11pm. Unfortunately these Nigerians are quick to blame us cos they love to castigate doctors and nurses,instead of blaming the corrupt system. It is well. We are leaving you guys

Do you know the number of doctors arrested by your corrupt police for treating gunshot/stab wound patients? Dey dia dey run mouth. So because we want to save lives we should get into police custody?

Oga first of all, this is an accident situation and not a gunshot situation. In this situations, instead of telling them it's not her job nothing stops for from calling the porter to come and carry the victim/patient. At least add some sense of urgency to it. Also, beware that even if you refused to help for the fear of arrest. If it written that you will be arrested others things will make them arrest you.

That said, you guys should stop threatening the whole nation that you are leaving always, If you leave others trained will do the Job. My only anger about you guys leaving is that many of you leave without resigning from government appointments. There given the government false/inflated number of employees. Once you leave another person go take over if you genuinely resign.

If you are going, ensure you go with all the people you are related to because they will be left in the hands of your other dissatisfied colleagues who will treat them the you treat other people.

You guys are always acting in this country like it's only us that use your services. As if you don't use other's professional services too.

Investment › Re: Treasury Bills In Nigeria by freeman67: 8:33pm On Jun 05, 2025

GMs:
Hi everyone, My account officer has just sent me a message that my TB is successful, I have also had confirmation email from my bank, he has however re invested the interest. This was not the plan, nor was it stated in the request email I sent to the bank through him. I am upset as to why he has done that without consulting me or asking if I wanted the interest investment or paid to me. During one of our calls I mentioned to him that once successful I should be credited the interest as I need it to sort out something this week. Please has anyone ever experienced this, how were you able to resolve this please. This is my first time of doing TB

Sorry about that. Maybe he mistook do not invest the internet for invest instead.

If not your urgent need for the money, I would have said if the interest was invested at same bank rate with the principal and the interest tallies, you should just leave it to run.

I said the above because back then, my TB was once reinvest at maturity even when I asked them to drop it in my account. I was furious with the First Bank branch. Then first contact (Their Customer Care HQ) was still very effective. I mailed them and got a call from them that I should go and meet the manager of the branch. When I got there, she tried to convince me to let it run and insisted I needed my money.

Long story short, it was later resolution at the prevailing market rate which was not upto the rate it was initially invested. Thus, I lost a few coins on and still had a tainted relationship because I was seen to be rigid in my stance.

1 Like

Investment › Re: Mutual Funds by freeman67: 8:13pm On Jun 05, 2025

Jeoma2024:
I have trying to sign up with Fbquest and ARM for mutual fund but non has been successful

Is there any other good fund manager to use please

I already have with stanbic

Try United Capital (investnow) app on Google. You can go through the process without the need of contacting anyone for help.

Investment › Re: Mutual Funds by freeman67: 7:30pm On Jun 05, 2025

Jeoma2024:
I have trying to sign up with Fbquest and ARM for mutual fund but non has been successful

Is there any other good fund manager to use please

I already have with stanbic

Try United Capital (investnow) app on Google. You can go through the process without the need of contacting anyone for help.

Investment › Re: Mutual Funds by freeman67: 7:29pm On Jun 05, 2025

yekini007:
I need ur help on FBNQUEST have register but is showing this error please what can I do ...?

Please contact their customer service for this. Just Google their CCU email address or phone number and contact them directly. I operate with them but I did mine the traditional way by going to their office, filling the required and making some deposit into the account before leaving there.

A few days later my account number and internet/app login details were sent to me. So I didn't go through the online registration route directly.

Just contact them.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 10:49am On Jun 05, 2025

Xidget:
Is tomorrow public holiday?

Yes tomorrow and Monday next week is declared public holiday for Eid - Adha Celebration.

Business › Re: Going Into Lending Business- Wish Me Well. by freeman67: 2:51pm On May 31, 2025

Nna2025:
Dear Nairalanders,

My company asked a couple of us to resign, services no longer required. I was paid a little above 10M and I will be venturing into lending. Microlending. Please say your prayers for me and wish me well. I will appreciate all you prayers and encouragement too...

Thank You and Regards,

While prayer and good wishes are very needed in starting any business, the most important thing is to have the knowledge of the business.

That business could be lucrative but very risky as most of Nigerian borrower are out to reap of the lender and vice versa. So you have to learn how to navigate it.

If you have learnt and you convince that it's what you want to do, my advice is for you to make sure you get the required regulatory approval because in some cases you may need to get your money and interest back via litigation and if you are not registered, your interest can just go.

That said, incase you decide to have a change of heart please do not listen to any to anyone advising on anything thing digital marketing or Forex here ooo. Anybody making money from those stuff will not have the time to come and advertise it for you. Majority marketing here are just targeting how to swindle people.

3 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 12:45am On May 31, 2025

NL1960:
I do not know. The rate is not static. It is a Bid and Offer issue. It is the CBN that determines the rate after every auction. A bank can fail and a bank can succeed. For example, if a bank bids 19.4% during a particular auction and the CBN releases a rate of 19.3%, the banks bid rate is above the CBN rate and the bank's bid will fail and its customers will not be allocated any TBs. The option left for the customers is to go for secondary market. You might or might not get a rate of that in the secondary market and you might not get a tenor of 364(a year).

As for reinvestment of the N9.5m, it is not automatically done. You will have to buy a secondary market with the amount. Rates and tenors are not fixed in the secondary market.

For the second part, yes you can do it automatically. Banks like Stanbic and FBN use have reinvestment of interest with capital option on their subscription form those I don't know if things have changed sha cos it's been a while I have done it. The investor just has to understand that if he/she opt for reinvestment of interest there will be no upfront.

2 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:38pm On May 28, 2025

Ajibade123:
Thank you very much sir
my best best is the secondary market then since I can't afford the primary market amount

Yes the official minimum to have is 50m but the amount is still dependent on the Bank. Some banks like FBN and Stanbic still accept from 100k upwards depending on the bank branch. I don't think they'll accept less than same for secondary market too. So you may contact them and see if it's still possible.

Most times primary market rate is higher but sometimes, time spent waiting for auction date and other times failed bid from on the part of the bank which takes days before another auction can count as missed opportunity too.

Just weigh your options sha. If your fund is not upto 100k your best bet will MMF.

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 8:31am On May 28, 2025

Ajibade123:
Please sir, how do I get started as a layman

Nothing hard. If you already have the funds you intend invest just go to your bank and tell them you want to invest in Treasury Bill.

There is secondary market where you can invest every working day through banks or other investments houses mostly between 10+12:00 so long as it's available. Then primary where the government issue through banks and other investments houses fortnightly ( Every 2 weeks) except for few occasions where it's auctioned at the adjacent week. The primary market issues the investment for 91 (3 months) , 182 (6 months) and 364 (1 year) only while in the secondary market you can find other tenure available. You can see 54 days, 20 days, 289 days etc according to what's available but not not more than 364. Infact most not upto.

There is usually a calender for the Primary Market. You ask for the calender here for who has it to help you post it.

From my personal experience the banks you can easily subscribe/invest through is FBN and Stanbic IBTC. If you have other areas of doubt, ask questions. As you as do, more experienced people around will contribute and enlighten you more.

7 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 6:07pm On May 26, 2025*

KingCassy:
Yield? Now I’m more confused…. What’s the difference.. and I thought Tbills interest is payed upfront, do they have option for interest at maturity.

Please in simple terms.. with this picture I posted below, how much will I be paid if I invest in primary auction of TB

To my understanding true yield is the complete return on investment. Yes, TB interest is paid upfront. However, if you are are not in urgent need of that money, you may still reinvest. Meaning there is an option of reinvestment of interest with some bank while investing and if you do that, you will get the true yield on that investment.

You did not include the amount and tenure you are looking to invest even with that picture but let's say you intend to invest the sum of N100,000 for 364 days.

In my layman's calculation that will be 100,000÷100x 19.5600 = N19,560.
Meaning at current stop rate of 19.5600% your interest on 100k for 364 days is 19,560 which will be paid upfront barring commissions and charges. Then your 100k will be paid back to you at the end of the tenure.

However, if you decide to ask them to now reinvest your principal with interest now, meaning instead of paying you upfront you decide that you want to collect it at maturity, that 19,560 will still yield something. That's the true yield.

5 Likes

Investment › Re: Mutual Funds by freeman67: 9:55pm On May 23, 2025

nickae:
Thanks for clarification, but the domiciliary account can be with any other bank not necessarily Stanbic IBTC?
Also the pdf form you posted for norrenberger, can the registration not be done online? Am currently in a location without a printer.

You can fill the form with Adobe pdf app. If you have it on your phone just open the document with it and select fill and sign.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 4:23pm On May 21, 2025

Amaa2019:
Did they also deduct tax from yours?

I don't think so. I didn't notice any significant deductions. What tax did you notice was deducted from yours and what percentage is the tax?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 4:14pm On May 21, 2025

unite4real:
It's like your own premium board is personal to you because as far as it is NGX premium board, SFSREIT is not part of it

Ok.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 4:13pm On May 21, 2025

yMcy56:
SFSREIT is on "REITCEF"

Very true. Thank you.

Most times I just don't look beyond that premium board. I just went to recheck...

Thanks

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 11:40am On May 21, 2025

fashionnisir:
Please where can I buy SFSREIT? i cant find it in the exchange

SFSREIT is there on the premium board of NGX. Scroll down to the last part or select premium board if you using something using Morgan Capital.

1 Like

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