₦airaland Forum

igbizen:
I just opened a VDF account now. And I have a don account in GTB. What should I do next? All KYC uploaded already.

Sorry I didn't last with them as a customer to enjoy that app/internet access. I was yearning for a platform like it to view the growth of my investment but it was not forth coming then so I left them. You can contact their customer service or ask one of their representative emmasoft on this thread.

AwkaetitiBabe:
I bought one bag yesterday for 15k in Wuse Market.

Is this a joke?

This is not new..it's has been the law for a while now

Hallenjay:
Thanks, I've written to der mail, a new account offr has call me... Hopefully on Monday. I'll just wait for Wednesday dan to purchase der secondary rate because primary auction start on Wednesday.

You are welcome. OK then, at least that goes to show that no particular person in any office is all and all..

Hallenjay:
I've tried ds and they r just pushing me from one person to anoda.. Even to the teller, I was der as early as 9:40 got angry and left around 12:30 on Monday... Abi d cash no try 500k oooooo

All these things sometimes do not need as much stress as this.

1. You can move your money to other bank quietly and do the TB there transfer charge is N52.5. Just make sure you visit the bank to know if they have your desired rate/tenure before the transfer.

2. However, if you do not have another account or you insist on doing it with them then just before you go out to the bank or while in the bank that morning you can call their customers service to verify what is available on ( 01 422 0003). That call will go to their Head Office Customer Service though like normal CS it be giving you options till you select to speak with an agent so you may spend a little on call. I'd an agent pick tell them what you want then if you are satisfied with any option tell you had to call them because nobody wants to treat your request in the branch you are... You will see what will happen.

3. Also, if you insist on investing with Stanbic or you do not have another account, you can go on their main twitter handle post your complaint there if you use twitter. Just explain how hectic investing in TB is in the branch you went and how many time you went there. They will ask you to send a Direct Message to them and explain the details.

Good luck.

Please for Muslims in the house when is Walimah usually organised for women? I have no issues with the topic anyway. I just want to expand my knowledge...

Robisky001:
The topic is misleading. Most influential Africans in the world and you're saying the list is comprising of just Nigerians ermmmh?

It is either you read this post and didn't understand or you didn't read it but just rush down to make comments. I am amazed at the people liking this your comment too because it shows they didn't read it too.

Hallenjay:
hi
Pls kindly advice me on ds.
I make some deposit to my stanbic account and try to get d form tru mail but none of the customer reply, den I went to d bank the next day to pick a tbill form for stanbic, the staffs was just pushing from one to the other ,from teller to customer care to another person again... Las las the customer section called me bak dat der is no tbill by this hour dat there only available secondary market comes on from 8am to 11am and I can't fill ahead dat the interest comes everyday dat II shd come the next day.
I got pissed off and request to close my account, they start anoda go here go here again because it was Friday and I've a meeting to attend, I left the bank and go home.
Now my question is do stanbic actually have times they auction der secondary rate and if I want to close my account, will I be able to cash out all my money without charges considering am closing it.
Thanks

1. You can threaten to close your account if you have enough money but do not be too quick to do the actual closing..
2. You can always use another branch of the bank. Except if it is just one branch that exist where you live.
3. Like most people said up there Stanbic rates are about the best these days so you don have to leave them.
4. Be informed that in doing secondary market TB transactions, most banks have a set time for it. For Stanbic IBTC; branches starts seeing rates from Global Market and could treat TB transactions from 10 - 10:30 am- 12pm. For GTB; It's from 10am - 2:00pm. While for FirstBank it's around 8:30-9:00am - 3:00pm.
For these, if you bring any request after their closing time they will either not attend to it or they will treat it the next day depending on your rapport /understanding the Officer involved.

zohan101:
You could have passed this same message without sounding insultive to Mr Emmanuel.He did mention about diversification which includes other forms of investments..

Please lets learn to read the entire commnts and comprehend before responding.This thead has helped educate alot pf people , lets try to keep our debate and conversations healthy..Thank you @all

That is my problem with lots of them. Why will someone want to jump into the middle of discussions he didn't know how it started in such a manner.

bigdot1759:
you're talking like a professor who never think/reason outside accademic life, must everyone invest in real estate just because you're into it? There're many & far beta investment that's more lucrative than real estate..... If someone belief in TBILL then let them do it, must all of us make it from one DIRECTION

Some of the advice you see here are priceless because even paid consultations cannot give some. Yet you are seeing them for free and instead of you to learn from them you are talking anyhow. If you do not have something nice to say you can as well say nothing and pass. Nobody is forcing/convincing you to do a particular type of investment. They just laid it bear for you to follow what suits you.

Ufedolove:
This just shows that you don't even know your state enough. The part of Anambra state bordering Kogi State have people that speak Igala as their main language just like Enugu state.

Just leave him, he is claiming there are no Igalas speaking indigenous people of Anambra State now because he is fighting for the title of the most populous tribe in Nigeria but when it's time to claim oil producing state now they will suddenly remember that the part Igala land oil is deposited is of Anambra.

volonte:
Thanks a lot. Do you have some experience to share with me? For example, is the capital guaranteed?

As a former subscriber of VDF I can boldly tell you that capital is guaranteed. What is not guaranteed is your interest ( I am not sure I got upto $2 for investment of just $1,000 when I terminated the investment after about 9 months.) and opportunity to monitor your investment.(My main reason for terminating the investment.) I kept requesting for a means/access to my account to no avail so I had to terminate.


The only good side to them is that you can deposit the USD to their account (ledger account) with GTB thereby saving you transfer cost unlike Stanbic that you must transfer.

doubletop:
Please can someone explain to me what it means by Proof of Address showing your name/surname.
I saw this in Stanbic Ibtc MMF site as part of requirements for open MMF account.
My Nepa bill does not carry my name. Please someone explain to me

Yes like someone said above, your statement of account carries your address so it suffices for Stanbic. Incase of another time, what is required in utility bills (either water bills, electricity bills, phone bills or house rent receipts etc) is their compatibility with/serve as proof of the address you present in the form you are requested to fill.

Jh0wsef:
But how can you not put Okocha, a top 10 dribbler in the world of all-time in a 5man list of Africa?

No make me laugh, bros

Is Okocha a striker?

Christopherrrr:
Nothing is absolutely wrong with me. Yes I have found love but the consequences are way far beyond me. It's not only gonna affect me alone but every other being from my father's loins. My parents will have a fair share of the consequences same is applicable to my siblings and every other person that involves themselves in a marital way with them. Honestly, I don't wish this for my worst enemy. Damning the consequences is easier said than done in this part of the world. To bad we ain't in the Western world where there is individualistic lifestyle.

Herein lies the answer you seek. Just find a way to subtly tell her it would not work because of what you discovered from your enquiry and let everyone move on.

flowx:
The policy is not new in anyway.
It has been like that since GEJ administration.

So I don't know the meaning of all this cemical reation.

This is not a truthful statement. Before today no amount deposited in any Nigerian Bank attract charges. What was said to attract charges earlier is withdraw more than N500,000 and N3, 000,000 for individuals and corporate accounts respectively and the charge was around 1%. Yes it may have been designed long before now but it has not taken effect until today.

https://www.nairaland.com/4667123/eurobond

You can start from here...

alexvic12:
You mean at the end of 30 days he'll get an interest of 12.9%? And he can get his capital back?

Sorry, I'm new to these things.

No, what it means is that you can withdraw without penalty once your funds spend 30 days with them.

The interest rate there is annualised.

capsule:
please, were can I get USD at a good rate in Abuja? I don't want to buy fake USD biko.

Go to Zone 4 plaza, in Wuse Zone 4 close to Sheraton hotel, Abuja. Majority of the businesses around the area is bureau the change. Just enter any of the offices in there. You can try to confirm from one office abi na shop to another to get the best price for the day. Since you are already scared of fake please do not patronise the Mallams outside around the area just walk into an office there.

feelamong:
I dont think its a good idea to rush into a long term TBill deal now.

Naija is broke and the FG needs to borrow over N1TR in this quarter..

I see rates going to as much as 14.5% in the coming weeks.

Just look for good short term secondary market deals and lie there for the small time.....

Above is an advice to me by Oga feelamong earlier. You should consider it too.

tijusegele:
Very correct sir I went there around some minute to 4pm and she said I should com around 10-12

More so all I want to know is should I just settle for secondary market tomorrow dose it make sense or should I wait till 19th sept

Depending on tenure you intend to invest in. If its for short tenure no need to wait you can do secondary in order not to waste more days. However if it's for long tenure, there is a possibility rate may go higher on the 19/09/19 so you can consider doing it then.

feelamong:
I dont think its a good idea to rush into a long term TBill deal now.

Naija is broke and the FG needs to borrow over N1TR in this quarter..

I see rates going to as much as 14.5% in the coming weeks.

Just look for good short term secondary market deals and lie there for the small time.....

Yes that's what I am going to do for the next one when month ends by God's grace.

tijusegele:
So pls guys I juz need response against tomorrow

I walk into FBN to make enquiries and the reply I got was these

I can’t invest in the primary market until the nxt 2 week

Why I will have to come back tomorrow to see the rate of the secondary market

Pls any advise because it seem the bank are not happy when customers come for treasury bills

They said I can do a fixed deposit which is 5.5%, but I turn it down

Though primary market auction is every 2 weeks. According to the 4th quarter NTB calendar posted here recently, there would be another auction next week on 19/09/19. So it means you can still invest in primary market next week if you wish to.

Except there didn't have any available in the secondary market today which is very unlikely or you went after 3:00pm, they ought to have shown/told you the tenure and rate available.

What you should do is to either go to another branch of FirstBank tomorrow if there is another branch where you live or when you go back there tomorrow be very bold to ask of the person in charge of TB.

Tomorrow there is no primary market so you will request to know the tenures and rates available in the secondary market straight. Then choose from whatever is presented to you. If they decline just tell them you will call and notify firstcantact about what transpired. I believe that should suffice..

feelamong:
Yields are gradually hinging upwards....

TREASURY BILLS AUCTION 11/09/2019

91 days -------------11.1%

182 days -----------11.79%

364 days------------- 13.286%

Shei.... I should have waited a little ... I did 352 days at 12% in FBN just yesterday.

feelamong:
I actually bought from AXA Mansard..

am also aware that UBA, FBN Quest and Stanbic all offer Eurobond products too

How was it advertised to you? How easy is their process?

cooooooks:
This thread is at 860+ pages right now. It would be difficult for someone to know where to start.

Apart from the prevailing interest rates and tenures available in different banks that we come here to ask and compare most times. Every other thing you need to know and be independent on NTB is in the 1-15 of this thread.

feelamong:
Primary market refers to the Bi Monthly Auction by CBN/DMO. Here you submit your bids thru your banks for the amount, tenor and rate you intend to deal on..

Secondary markets refer to the buying and selling of the already purchased Tbills amongst the investors. Bank A can decide to sell down on the Tbills it purchased and as such will put it for sale thereafter. Unlike in stock markets where we have the stocks exchange for secondary transactions of stocks, the Tbills secondary market is basically an OTC where the major players (banks, Asset managers, INvestment Houses, PFAs all interact amongst themselves.. we the retail players just jump on the back of our banks to get into the deal and buy from them or sell to them

Oga feelamong I salute you... I must say you are a very patient and understanding (person) somebody ooooo. After all the lecture notes you deposited at the beginning of this thread with everything explained in details lot of people will still come and ask same questions and you still create to to respond to them. Though some may not have enough knowledge on how to navigate threads on Nairaland, others just do not like to commit time and learn about what they want to put money in.

NotNairalandi:
God bless FBI and punish anyone who says Fraud originated from Nigeria and spread all over the world.

America is the father of Fraudster,gangster ,disaster,anything that ends with ster

Not all frauds, there were just referring to BEC.

RealityShot:
ibtc is very easy and ok..

..
i do not know why people comparing them to copycat firms .

..
i withdrew wednesday morning..got alert at my first bank a/c by 6pm same day... Despite the supposed backlog.

am very happy at ibtc mmf.

Na so ooo my brother.

The pepe body I am seeing here right now can only come when the bear has eaten deep into ones portfolio.. With time there'll be reversal..

Moses247:
When is time to collect ur Cash eh .....Fbn MMF is the Best. I requested to liquidate part of my investment yesterday and just this morning I got credited around 5.30am.....

Everybody that is into MMF would have his or her owner personal experience. I have only used 2 firms Stanbic seem to very OK with redemption too. I have liquidated form the comfort of my house around 8:00am in the morning & got it around 3:00pm before.