₦airaland Forum

ade101:
So sad right now. I felt betrayed. The contact in question is a close friend. Should have invested the money since last month and even got a better rate. This guy begged me, Had to put the cash in fix deposit for his sake cos he needed it to safe his ass, with an agreement that it will be terminated by first week of October to meet Up with Wednesday tb bidding. Sad part is, he's the one in charge of tb so I think it's a deliberate mistake. My confusion is that the fix deposit has been terminated and the money already in my savings account, so I don't know why he would do that. In fact I got so worried, had to call him this weekend and he said I'm not the only one, that many people have not been debited. Thank God I ask here, I mostly don't ask questions here cos I felt I had an edge with an insider.
All is well. I will walk into bank on Monday and grab any secondary market offer on ground. Thanks guys

ade101:
Anyone yet to be debited by stanbic? My account officer keep telling me stanbic 364 bid was successful yet I have not been debited. Please house, does it takes this long? I don't have the stomach for patience right now, rate is really going down and I want to lock in something good before it too late. Already thinking of going for secondary market on Monday but my contact at stanbic keep telling me I will be debited cos the bid went through. Any advice please please please...

Ty207:
Same thing happen to me 10k+ was deducted from my account 4days ago. Up till now they have not credit me back

Santino1:
What if I told the three of you that your questions have been answered in the first 10 pages of this thread.

I won't be surprised if the next post is "please how do I go about TB".

ijeshaboy:
it has been credited. Thanks

ijeshaboy:
Please I did an online subscription of a substantial amount(stambic mmf) in the morning and it has not yet reflect )in my e account since morning, and I noticed some amount has been deducted from my balance, what is the way forward?

emmanuelewumi:
L

The implication is that the Bond market will become very attractive.

kristien4:
From GT bank to Stanbic bank to Zenith bank.
Failed !! Failed!!! Failed!!!.

Investnow2017:
Stanbic Money Market Fund now reinvest your accrued interest earned, and the resulting earnings are added to your original principal to form a new principal. The idea is to enable their clients to maximize their earnings and to allow for more transparency in the management of the Fund. Sounds great, except that they ought to have communicated with their clients before implementing. I spoke at length with them and I can feel their seriousness. Enjoy the enhanced earning model.
.

jayfierce:
Lol. I thought I was the only only one that carries out daily calculations. Your calculation is spot on. Its usually ±1% of the actual percentage on their website.

I've argued severally with them about this and asked them to be more transparent in their calculations and also show us what is being paid in daily.

The extra additions the last few days have been slightly frightening. They are yet to harmonize the mobile app data with the website data. Mobile app still shows interest carryover from last quarter.

dotcomnamename:
I received the same.

PeterKbaba:
PLEASE URGENT ADVICE NEEDED!!!
279 days for 15.55%

Is this okay. Pls urgent response needed....

Mup4life:
Stanbic pumping some big profits into my funds, hope all is well got additional 5k plus today. Makr dem no raise my hope come dash am o.

Kemade2007:
Please house, when will the interest rate likely to drop since TB rates is now dropping or should we still expect these higher rate for this year

awesomeJ:
If I remember correctly, sometime in May, I placed a redemption request around 10a.m for about 75% of my investment, and the funds hit my account the same day. Stanbic is really cool.

What I don't understand now is the fact that the interest on my funds from the last quarter is about 18% more than I expected, there have been some extra additions that I don't understand. Anyone has an explanation for this please?

emmanuelewumi:
T


Very sorry, it was a typo. I got it at 16%, a lady got 63 days at 17%.

emmanuelewumi:
Just got 98 days from First Bank at 18%.

feelamong:
Please lets not derail the Thread!!

While its good to diversify just like i have always done sermons on...lets try not to confuse the thread users!

One or two comments on a different investment is cool..when it starts taking several pages is not too cooll anymore!!

PEACE!!!

emmanuelewumi:
I

First Bank of cause. My late grand parents used first bank, my parents use First bank, my wife and I use First Bank and I have opened first bank accounts for my children .

I also use UBA and Access Bank, but I don't use them for Treasury Bills

emmanuelewumi:
Rates are seriously tanking, I pray your auction is successfully. But peradventure if it was not successful, make sure first thing on Monday morning try to get from the secondary market.
I have always enjoyed good secondary rates from my bank before 9am on Monday mornings.

Although I am gradually reducing my Treasury Bills portfolio.

Kemade2007:
Please house i redeem part of my stanbic MMF online today and it was successful. Please I didn't receive any mail concerning this and it has not been debited on my MMF account .When should I expect that and was it successful indeed because I didn't fill any redemption form than the command from the site

Onboard1:
Very helpful, thank you.

katamo:
If CBN continues to print large amounts of money to support government borrowing, it will result in even higher levels of inflation. With higher levels of inflation, the real rate of return (nominal rate - inflation rate) will decrease. T-bill rates should adjust to reflect inflation in the medium term so bit better than longer term bonds.

Anyone looking to invest in longer term bonds like the FGN or sukuk bonds need to consider inflation risk before they lock in their funds for the long term.