₦airaland Forum

Chudymario:
Mine was successful. Hope you filled out the subscription form correctly?

Okay thank you. Yes I filled it correctly. I don't know where it all went wrong to not be successful.

Chudymario:
Yes I did

Was it successful? I subscribed and was told it wasn’t successful and yet to be refunded.

Is there anyone here who subscribed for FGN savings bonds for January with stanbic ibtc??

Odunharry:
My thoughts and maybe to encourage investors.

Lol. Then they should exempt taxation to encourage investors. That tax too worry

enque:
Today's auction results

Rates are firing back up. Are they trying to mop up excess liquidity?

Tenifayo23:
Good afternoon boss. Please I am a newbie and I want to invest in treasury bill. I have read a little but certain things aren't clear to me yet.

The money I intend to invest is #3m. Can I get this done with my bank ( Sterling Bank )

Is it possible to invest anything less than a million naira?

Thanks

Yes, Approach your bank for secondary market.

vanvickie:
Please someone should respond to this...

This government get as e b. Before they'll classify it as an income hence, it needs to be taxed at prevailing rates...

Scroll up. The question has been answered multiple times

freeman67:
People just dey do anyhow for this administration and nobody to caution them. Even Sukuk IV rent/coupon payment that was due on 29th of December have not been paid.

As far as I know, these things doesn't used to be like this before this present. Even workers are owed salaries for additional one month within their organisation and nobody can say anything.

I just got paid few mins ago.

freeman67:
People just dey do anyhow for this administration and nobody to caution them. Even Sukuk IV rent/coupon payment that was due on 29th of December have not been paid.

As far as I know, these things doesn't used to be like this before this present. Even workers are owed salaries for additional one month within their organisation and nobody can say anything.

This is crazy. I have been checking my app for alert since 30th. I tire for this administration.

Has anyone received coupon payment for 2031 bond which is supposed to be paid on the 30th December?

enque:
https://first-assetmanagement.com/resources/funds-history/

Hello Enque, Do you use First bank asset management? If yes, what rating would you give them in terms of customer service?
I am about to open an account with them

Odunharry:
Reach out to them via mail or call.

I have not tried it though

I have called them about the issue. There's so much glitch in that app and the secondary market purchase don't go through and they held onto my money for 10days. Stanbic needs to address issues regarding buying tbills via the app it's difficult and not seemless. I won't be using it again. I'll stick to traditional banking

Nakedman:
Has anyone tried to buy Tbills via blunest?
I bought some Tbillls since last week and till this moment I am yet to get a successful mail or nothing.

...

Has anyone tried to buy Tbills via blunest?
I bought some Tbillls since last week and till this moment I am yet to get a successful mail or nothing.

nickae:
So I decided to test Norrenberger MMF and unfortunately the rate as at today is 16.07%, I thought it was mentioned that it about 19%

FSDH MMF is doing 17.74% at the moment.

Emmanuel72:
You can invest on the money market at bluenest .... it's currently 16.5% annually though.

Is the management fee different from WHT tax because I don't understand Stanbic ibtc

Has anyone tried to buy Treasury bill from Blunest App? I have been to Stanbic bank office, they said Tbill is not available on their system since yesterday.

amicdan:
TB rate

Low subscription.. what could be the cause.

enque:
Yes there is

Thank you.

Hello house, Is auction taking place this week?

[quote author=AmazingG007 post=137664253][/quote]It will be deducted from your Capital.

Rate is 15% from stanbic IBTC at the moment, If you deduct 10% from WTH tax, the rate is actually 13.5%. It's all games lol

DAramis:
Abeg, how did you go about the investment? This is the only fgn investment that don't have calender, or regular update regarding its investment by people.

other ones like Treasury Bill have up to date information.

There are different kinds of FGN bonds but this is called Sukuk. You have to follow DMO to keep you updated when bonds are to be auctioned

talk2tonie:
It’s 23rd - Payment will be made this week. Sometimes they take extra 2 to 3 days nowadays.

Just got paid today. Wish I had invested much more and clock in the 19% for 7years.

Educationalserv:
As expected Naira sliding back to 1500 from 1420 .
People divesting from Treasury bill and loading USD due to poorly taught out policy of WHT .Nigeria and it's Naira is an unstable Currency Slamming 10 percent WHT tax on a currency with risk of Devaluation is sheer stupidity.

1500/$ is slowly crawling back in again. Wahala go dey. Looking and the 90day and 180days on Tbills, the subscription was so low.

talk2tonie:
It’s 23rd - Payment will be made this week. Sometimes they take extra 2 to 3 days nowadays.

Thanks 🙏

freeman67:
The payment is supposed to be on the 23rd which was yesterday. However, yesterday was weekend so they didn't pay. If it's before you will be sure that the payment would not exceed today but these days they do whatever they like so keep your fingers crossed today and tomorrow.

Thanks so much. I got the same response from customer service this morning. So fingers crossed.

Please who knows when Rental payments will be made for this Sukuk. It's 6months now.

freeman67:
That's what I have tried to say earlier. Except they is another holiday or exemption, even if you decided to take it up with them you won't win. Also, whether you collected interest upfront and the money was later deduction from your presumed capital or not, so long as the amount deducted equates to 10% of the supposed interest then it is what it is because the holiday has already expired since.

That said, what I don't like is changing the goal post at the middle of the game. If you didn't communicate it to the investors at the beginning of investment and it wasn't included in the terms and conditions of their contract why bringing it up at the end. It should be clearly stated when the contract was initiated for proper planning. If done that way, whoever is not interested might as well opt out of the investment.

Exactly, It wasn't communicated at the beginning of investment nor was it included in the terms so why steal from people at the end of their investments. This is anyhowness and should not be allowed. The implementation should start come 2026. Simple as ABC. What they have just done is daylight robbery.

DAramis:
Hope not directly on your capital which you invested?

I mean it is from your interest equivalent found in your capital

They took the WHT from my capital.

talk2tonie:
Ok. That is the new development I see.

I am really pained seeing that debit man

talk2tonie:
Is the debit from upfront interest or at maturity?

At maturity. I invested December 2024.