₦airaland Forum

davit:
I-invest app is doing better rate of 14%. Is this app real at all? Wanna try it for the first time.

signorxx1:
To all the guru in the house. pls, is it possible to re-invest in Tbill immediately after 91days tenor?. PLS I NEED YOUR OPINIONS

Bouncingbabyboy:
the 3 k's that can't add anything good to the economy

Ibrahim505:
Kwankwaso Ward Madobi LG Kano State
Malamai Polling Unit 001

President
APC 538
PDP 140

Senate
APC 480
PDP 218

Reps
APC 519
PDP 310

Tetehjewels:
URUEOFFONG ORUKO APC(Ward 4, Unit 002)

President: APC - 105
PDP- 73
Senate: APC- 105
PDP- 76
House of Reps.:
APC - 121
PDP - 59

GetPosted:
Irrespective of global sentiments around diversification of asset categories, I pick T-bills over building houses for rent anyday, anytime.
My target is a N100 Million capital base!

Chubhie:
Didn't he campaign in his hometown? We all patiently await the magical numbers from Kano. The people want Atiku-Obi. May the will of the people obliterate any magical numbers from Kano.

igbizen:
Hello all, I just started Tbills on the 13th of feb. I gave an instruction for the interest to be reinvested. I did 3mill for 364days, but was debited #2,999,680. later I was debited #1,840 for safe keep. How do I know what am entitled to at the end of 364days. please I need advice becos my target is to get to 100mill in 10years, with continuous top up. I also learnt the next bidding is on the 26th of Feb. I hope to do two million but I need to know what is happening to my first 3million. Thanks for your help.

eddyakinrinde:
With all due respect, I think its embarrassing and very unfair to liken the i-invest app to the MMM u re talking about. Its high time I respond to all these. The app is a simply technology redefined and a product advertised by a bank. It does not in any form reflect the practices of any ponzi scheme. It does not give any ambiguous discount on investment and it has been superb all the way. So many other savings/investment app are all out there; i-invest, piggybank, alat, cowrysavings and so on, but so far its only i-invest that is on tbills. Give some credits to the developers too.
The app is out there and people are using it. DONT TOIL WITH PEOPLE EMOTIONS NOW. If u want to use it, use it, then if u don't want to use it then leave it. They don't force people to download it anyway. Its there advertised on all business site, even check Sterling bank site, its there. PLS STOP PLAYING WITH OUR EMOTIONS.
For your info, I got a mail from sterling bank concerning mmy investment on i-invest several times now.

OgogoroFreak:
Do they now give the discount upfront or they still hold the discount till maturity?

Samunto:
I-invest app is not responding here Anybody experiencing this issue

eddyakinrinde:
Why dd u preliquidate now? I guess you re tempted to much. Anyway hope u got your full capital back?
Again how did u initiate the liquidation on the app?

Awesomemama:
Which app are you referring to ?

shulamitewoman:
pls can I know the importance of requesting for proof of investment or certificate?

BOFREJO:
Hi nairalanders, Pls can anyone tell me how treasury bill works. I want to invest. Thanks

LuzSp:
I am mostly concerned about understanding how it works.
So this is what I understand from visiting the link someone shared a few pages earlier:
For a TB transaction to happen,
a customer has to move funds from whatever accounts they may have with whichever banks to an account (a kind of wallet) with the app,
the app managers present the customer with the available tenors and their rates and locks in the customer's funds with their choice, and
Sterling bank then executes the TB instructions of the app manager.



The was I see it is that the customer does not deal directly with the bank.

xcitedjay:
Your money is immediately credited into your wallet at maturity. Withdrawal from wallet to your bank account is just a few hours.

Ghost01:
I had a similar experience with an Asset Mgt Coy last year and it was not palatable. Since then, I've been doing my top up with their app and it's been stress-free ever since. An alternative way to credit your wallet on i-invest is e-Billspay. This way, your wallet is credited real-time. No turenchi. You can pay via e-Bills from a branch of your bank or via Internet Banking. I hope this helps.

michael18:
so,in other words,i-invest does not compound bah??

eddyakinrinde:
One question I would like to ask the house about Tbills and of course every other govt borrowing from the public is if truly govt borrow all thse monies to fund projects and execute govt expenditures, how do they get the money back plus the interests to pay the public?

madakiagwom:
I have been using the i-invest app for my TB because I am abroad and not easy to run the normal TB from here.
Yes the I-invest don't pay upfront interest but rather the interest is re-invested together with your principal to give a higher interest after the tenor matures.
For example you invest 1m for 364days at 14%, your interest should be around 140 k +- , but you realise that you interest will be around 160k, meaning your interest was compounded (your rate becomes about 16%).
It is a good app to invest in when you don't need the interest to use immediately.
Thanks