₦airaland Forum

Kemade2007:
Same here

My account has been credited with four days

dotcomnamename:
After 30 days or you mean before 30 days?

Redeemable after 30days

dotcomnamename:
Is it a must to redeem?

Not a must. But you can redeem part /all your money if you need it after 30days without penalty

dotcomnamename:
I wanted to invest in StanbicIBTC Treasury Bills but the officer said i need to have existing bank account with StanbicIBTC before i can go ahead? . I don't want to use FBN again, i already have TB investments with FBN.

Can someone confirm this?

Yes u need to open account with them

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

Mup4life:
Hello house, My stanbic ibtc mmf account was credited for just one day instead of three days today. Any body noticed this ?

Same here

katamo:
"Nigeria’s central bank is printing money to keep the government afloat and alarms are ringing"

https://qz.com/1093002/nigerias-central-bank-emefiele-is-printing-naira-to-buhari-government-afloat/

Interesting article I came across which has implications for T-bill investors...

Please explain the implications for Tbill investors

dotcomnamename:
You quote the wrong person. I was the one that said ''Treasury Bills is the best! Your money is safe''

Sorry was a mistake

Chizzy759831:
Please mail me, its important
chizzy759831@gmail.com

Check your mail

dotcomnamename:
Treasury Bills is the best! Your money is safe.

Go for secondary market

dotcomnamename:
Go for Treasury Bills.

Only secondary market

easyflow:
Got 16% for 93 and 184 days while for 303 days was 15%.
Going for 16% 184 days. I hope its the right choice. Secondary market

Please which bank

projet:
has any body been added to the whatapp group...cos I sent my number to the mobile number over 24hours now and I haven't being added.Was the idea for stunt or what.

Sorry the group is full already.

Onboard1:
How did you open Stanbic MMF account? Does it requires opening a deposit account first?

I walked in to Stanbic bank in my area. Met with the asset management officer. He gave me the form to fill since I don't have account with them.,I went to my bank for transfer to SMMF account then came back with the transfer form.So that's all.

Houstency:
It's best you take decisions after calculating. Let me guess you ain't conversant with that. I help with the calculations and you make the decision.

For MMF earning say #150 per day.
If you tie your fund down for 6months(182 days), we have

#150 × 182days = #27,300.
The truth is the current rate that's yielding you #149 - #150 per day is subject to change and in this case, it would reduce further since the economy is recovering and thereby reduce your expected interest for the 6months(182 days), so it ain't sure you would get up to #27k because as the rate reduces for NTB and bonds(since it is the pry instruments MMF invest your funds), your MMF also reduces but the good part is, you can easily terminate the MMF within the 6months without incurring penalty, if you've held it for more than 1month.

For NTB,
Using the last rate for 182 days of 16.8%, we have from SI

P = 300,000, R = 16.8%, T = 182÷365 = 0.49863
I = #25,131.

If you deduct bank charges, as well as other minute fees which when summed up shouldn't be more than 2000. So, you should be getting about #23,000plus within the 6months duration. The good thing here is, you get paid upfront interest, and the interest is not subject to changes due to Economic outlook of the country for the next 6months, while the somewhat demerit is that if and only if, you wish to terminate the NTB Investment it's going to affect your profits either positively or negatively.

The choice is yours, do make your decision wisely! Regards

Thanks so much for the analysis.

Pls house I need your advice on this
I have #300k with Stanbic MMF which gives me #149-#150 per day. My questions are
-should I continue with the MMF or
-redeem it and put it in Treasury bill since I don't need it in the next 6months. Thanks

Pls house I need your advice on this
I have #300k with Stanbic MMF which gives me #149-#150 per day. My questions
-should I continue with the MMF or
-redeem it and put it in Treasury bill since I don't need it in the next 6months. Thanks

jamace:
Same thing here. The last time I called they said all dividends have been sent through DIVIDEND WARRANT, and I have not seen it yet. Na wa for first registrars o.

After 6months the warrant will be returned back in case you didn't receive it then you can visit them or call them so that they can pay u directly to your account

To join whatsapp group, drop your number

feelamong:
Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End

https://www.bloomberg.com/news/articles/2017-09-27/nigeria-plans-to-sell-5-5-billion-of-eurobonds-by-year-end

Nigeria’s overall foreign debt, which includes funds from partners and the Export-Import Bank of China, stood at $15.1 billion as of June 30, while domestic debt was 14.1 trillion naira, the National Bureau of Statistics said Sept. 19. The government wants to increase the proportion of foreign borrowing to 40 percent of total debt stock from under 30 percent currently, Oniha said.

“That will reduce the government’s borrowing costs,” she said. There is an almost 10 percentage-point spread between domestic and foreign borrowing costs and the restructuring debt plan will help save government hundreds of million dollars in financing costs, Oniha said.

Nigeria’s Eurobonds yield 6.06 percent on average, compared with 15.98 percent for its naira debt, according to Bloomberg indexes





If the federal govt pulls this thru....be prepared for TB rates as low as 10% from January next year!!

Buy as much Tbills as you can buy now!!

Please Oga feelamong, kindly open a thread for this eurobond

Join the whatsapp group via ds link

https///CXWi4zPJcl57QCeRih5sUc

I heard here 9mobile is more powerful

Thywhy:
Sis pls wc browser n network did u use o

I used google chrome with airtel. I think some phone are more powerful in terms of 4g phone or 3g

[quote author=olaidede post=60896510][/quote]Uwc

I don't think the admin is serious about the whatsapp group. I've not seen any group invitation yet

olaidede:
hello house! pls help a sister out. I have be stuck in stage two since yesterday. Education info.
I have tried submitting my info but it keeps taking me back.
Then all my submission keeps generating at the lower side of the page. Anyone pls!

If your submission generate at the bottom that means the page is successfully completed then click next though it may look as if you haven't fill it by since it generate just click next

jidxin:
chrome is not even going at all

Which network r u using

Thywhy:
Pls help out is there anyone residing at ikorodu and is tru with the application process. Help out pls.

Yeah from ikorodu. Successfully applied

hob:
i have done mine and printed the slip but my name is the only item not appearing on the slip. Anyone else having this issue

Log out and log in back

opillo1000:
Please anyone that has successfully registered, which network did you use and browser...

Airtel and Google Chrome

efogab001:
Please I am trying to login,but it's recounting 3hrs,again and again

Close the tab and open another tab. Then tap in jobs.lagosstate.gov.ng/login. It will take u directly to login page instead of countdown hrs

Please add me 08023835974