₦airaland Forum

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Xidget:
Is tomorrow public holiday?

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

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.

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.

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.

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.

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.

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.

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?

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.

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

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.

Please for those complaining about Wapco and SFSREIT dividend. You can just check your account and see.

I just checked my account this morning and saw both dividends there. It was after like and hour later that I received the alert for SFSREIT and it's even carrying yesterday's date.

I have not seen Wapco alert but it's in my account already.

Mrajah231:
I place a redemption from Stanbic mutual fund in the morning around 7 and up till now money is yet to enter my account

I placed a redemption request at 6:20 am on Monday and @ about 9:30 am it was credited to my account.

It's sometimes dependent on various variables.

If your 7:00 is am, it's good enough but sometimes the human behind the system could mistakenly omit/skip request.

Also, if it is from their app or web portal and you followed through the process by supplying answer to your security question, the OTP and you received a redemption notification, it should be okay too.

Another thing is that if you have placed a redemption request before and it went. If it's your first time it might be just them applying security measures.



Thus, just check your account to see if the withdrawal was effected and the money has been removed. If not, redo the process and yesterday send them a reminder on their asset management arm email.

NSEstudent:
They should be the same offering, this was the only one I chose the 2-year tenor.

You may be paid today.

I think so. I was later paid that yesterday.

NSEstudent:
Got mine today; almost the time I made that post. I think it's for May 2026.

Congratulations to you. I am yet to get mine. Its for May 2027.

NSEstudent:
In somewhat unrelated news, not only has the FG normalized not paying coupons on the exact maturity dates, they have quietly normalized collecting taxes on previously tax-exempt securities.

Yes ooo. No government investment proceed is paid at maturity anymore. The worst of them all is that FGN Savings Bonds. Imagine they've not deem it fit to pay customers for the coupon due on the 15th of this month yet today is 19th.

Rhyah:
Did anything happen to United Capital?
Haven't been able to login for daysss now...only to log on and my MMF portfolio is at 0. I didn't request withdrawal.

Are they experiencing any challenge, any communication I missed or what?

It happens like that most times during maintenance/updates. Just try it again later. I am sure everything will be fine by then.

Tolu2024:
Which one is CP?
No offense

Why will there be offence when we are all here to learn and better ourselves. @enque has answered you.

Tolu2024:
Just coming back from Ecobank and FBNQUEST to make inquiries about T Bill first:
Ecobank told me the rate is 16% for 365 days and 250 days only .
No 3 months or 6 months .
And the ecobank person told me I can’t use my Tbill to get Loan that I am giving the money to fed not them.
I am looking for options where I can get loan also .


I left there went to FBNQUEST in Port-Harcourt the fine sexy lady I met there told me they don’t do T Bills only MMF that the rate is 20% . But they will pay me quarterly which is for 3 month ,.

The lady told me they don’t give loan or I can not use it for loan too.


Wanted to invest 10m after calculating the interest it was about 450k for 3m month.


Just thinking about it . I was hoping they will pay the interest upfront like T bill.

Please house which investment option pay like T bill ?

Fun fact 🤩
I was already calculating the 20% for 3 months more than enough to pay my rent, dividend the 20% interest into 12 sound funny 😄.

I was hoping

Even some Ponzi no go promise that lucrative interest for 3 months. Rates are calculated per annum as you were rightly told.

Another investment vehicle that could pay you interest upfront is CP but it's riskier than TB and they rarely issue 3 months, Most times they issue 182 and 270 Days and it's really not open to everyone except you have upto the required funds (Which you do) and most be aware to contact them.

I don know of any offer this week sha. All offer I knew about expired last week. FBNQUEST can direct you/guide you through their Merchant Bank/Capital if you ask and anyone is available with them.

rukyboy:
Money market funds vs mutual funds.

Which is better pls?


I'm.a newbie

Money Market Fund is a part of Mutual Funds.

Mutual funds encompasses all of them, be it MMF, Equity Fund, Balanced Fund, Guaranteed Fund, Halal fund and those funds issued out by various Asset Managers.

pafra:
Kindly show me working of TB interest for 500k at 20% for 182 days

My armature style workings:

500,000÷100×20÷365×182
= 49,863.014.

heavenisreal18:
The useless bank didn't give me certificate but I had all evidence of debit and statement of account ,I recached out to the bank I was told to update my account with NIN. I am scared right now this is not my first time of doing it. Pls who can I report to

It does seem it's now bank dependent. Many banks recently asked their customers to update their NIN on their account details before they are able to receive money. Even money usually comes frequently like salary were not paid to those customers until they did the NIN update. Your bank maybe one of such but you didn't notice.

So, you should just do your part and finish the update. Once the update is done and you still don't see your money, then you should write them and copy CSCS and DMO. Their official addresses are on their websites.