₦airaland Forum

KarlTom:
ASI: 150,363.03

Finally above 150k

enque:
.....

Well done

enque:
.....

Drop in longest tenure and slight change in 99 and 181days

otomatic:
I believe all bank accounts have NIN

Not all. For those without NIN.
Some banks have been sending mails to client to update NIN especially

Whitecoal711:
Please sir what is the minimum amount one can use in treasury bills investment?

Actual minimum is 50m, but you can subscribe with 100,000 above

awesomeJ:
The beauty of bonds is that once you lock in, the coupon rates are fixed.


I think there's a June 2038 bond with a 15.4% coupon.

If you're able to buy it at par or a little premium (maybe N1020 per unit), you have the 15.4% locked in, even if yields later crash to 5%.

You get N4.3m tax free if I'm not mistaken.

Whereas your N4.7m rental income would be liable to 15-23% tax meaning you might get below N4m. When you discount maintenance, rent loss to vacancy, tenant default, it might be below N3.5m or below N3m in some cases.


Plus like others have said, you're not getting the N28m back after 15 years.

From experience, rental yields are super low, what makes it better is the capital appreciation if you own the building.

Yes you are correct. Bond is tax free

sirrotex:
Please note that withholding tax on interest or investment is final and can not be used to offset any tax liability

Not entirely true. Let him confirm if they remit to relevant tax authority.

fannybaby:
Good afternoon, please who knows how many days it will take before I get credited??

I terminated my primary market treasury bills before maturity and the customer care lady told me 24 hours

It's past 24 hours and I have not gotten the money

Send a reminder, but remember it's buying and sell.
Once they sell your tbills, you bank account will be credited

freeman67:
Very true. Infact I have me paying it on CPs since 2023. I have also been paying on areas that had no holidays like bank interests and co.

My only challenge is that I have been deducted up 500k this year but I don't have any means of verifying if it's being remited. Even though they ask for my TIN always and I provide it.

The only area I have proof is my Stanbic IBTC account that will always send me WHT received anytime I have little money in my account and they pay interest. After deducting WHT on the interest, they later send me a receipt within the month for that deduction. However, they use my NIN instead not my TIN.

Any idea on how to track if the TIN is actually going to the appropriate authority in my name?

Reach out to them that you need evidence that WHT was paid on your behalf

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

Management fee Is different from WHT except of course the bank is adding WHT and fee together.

francisobiabo:
Does the 10% tax deductions on TBills interest that would take effect next year affect the already running TBills transactions bought this year?
Thank you

Yes it will affect. The 10%WHT isn't taking effect next year. It has always been just that some banks decided not to deduct until the new circular was released again

thebaft:
Is there another primary auction this week?

Tomorrow. Don't forget to submit your bid.

fannybaby:
.

Good afternoon sir, please do you know how many percent they will take from the face value

Good Evening
I don't know the exact amount but they will have to rediscount your investment to arrive at the amount you will get.

patrickmuf:
I watched the match with my brother who is an Arsenal fan, I told him that we needed a second goal to shore things up. These crop of players are not serious at all...

Very unserious. The coach down to the players

patrickmuf:
Amorim stood there watching the boys playing like we were comfortably ahead. What do these sets of players need to spur them to be serious? These guys are well paid but they take to the pitch playing like there's nothing at stake.

At 1-0 I knew if we don't score more, there's no way we are winning.

We all know what to expect from the team. When we need them to win and close the gap, they drop important point.

Locotrader:
Fixed deposit I don chop 23% since and clean mouth you dey make mouth now for 15-17%

Agba fit dey chop 23 or 22% Even 21% possible gan . You never can tell

fannybaby:
Good afternoon everyone, please I want to ask if it is possible to liquidate treasury bills with Stanbic bank before maturity

Yes it's possible. Have you collected interest? Note that you won't get face value since you didn't wait till maturity

Nakedman:
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

Lol Net.
15*0.9

awesomeJ:
200bps cut on MPR while maintaining the previous corridor is actually the exact same thing with today's outcome. But cutting the MPR outright does better signalling which is why it would have been preferred.

There are a few more NTB PMA to watch this year. If they take 364-day discounts below 14% that too would be impressive as we enter Q1.

True this. when I saw assymetric corridor changed from +250/-250 bps to what we saw this Afternoon. Nigeria mpr is one of the highest in Africa I think.

We might see discount around 14-15% for the longest tenure. Stop rate for last auction for 364days is at 16.06%. I'm guessing we are approaching the era of single digit rates come next year

awesomeJ:
200bps cut on MPR while maintaining the previous corridor is actually the exact same thing with today's outcome. But cutting the MPR outright does better signalling which is why it would have been preferred.

There are a few more NTB PMA to watch this year. If they take 364-day discounts below 14% that too would be impressive as we enter Q1.

True this when I saw assymetric corridor changed from +250/-250 bps to what we saw this Afternoon.

We might see discount around 14-15% for the longest tenure. Stop rate for last auction for 364days is at 16.06%. I'm guessing we are approaching the era of single digit rates come next year

DAramis:
My investment firm doesn't share any specific information on this or other ones. And I don't think I have stockbroking firm which I follow.

OK you can also follow DMO on social media. They post also

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's always advert for sale of federal government securities.

I think the Sukuk was posted here also. You may also want to sign up with your investment firm/stockbroker so you get notified of happenings

awesomeJ:
SDF @22.5%
SLF @27.5%

MPR @ 27% is very disappointing.

Suspected it may be retained even though inflation has eased for the seventh consecutive month. I actually expected slight cut to around 25-26.

Rates retained

Mpr retained

emmasoft:
The truth is, the 10-year (2012 - 2022) tax holiday on withholding tax (WHT) on interest from Tbills and such instruments ended in 2022. I'm really surprised that even institutions are just implementing this now because the law is not new.

Yes it's not new. There was a circular around January 2022 or so to this effect. Maybe Firs didn't really care about the implementation reason why some charge and others don't charge

skydiver01:
As expected, FGN bond prices have increased (reduced yields) reflecting the introduction and application of WHT on Nigerian Treasury Bills.

And there will be another bond auction tomorrow.

Hopefully we get to see more people bid and lock in on current rates.

tnerro1:
Ok, you mean T bills?

Yes, Tbills, FGN savings bond for 2 or 3years then you have FGN Bond also.
If you are looking between 90-364days, then treasury bill is your best bet. You have options of collecting your interest at maturity or upfront.
Talk to your bank and do submit your bid on time for the next auction coming up.

tnerro1:
Hi everyone, am new here , I have got some money, between the range of 10 to 20 m, any ideas on a safe investment with a reasonable income in a short period of time, suggestions would be appreciated.

Do your findings and research first then make sure the investment you are doing align with your investment objective.
Any federal government investment is the safest you can get in Nigeria currently. It's less risky and principal and return is guaranteed.

enque:
Today's rates

Thank you for posting.

No changes from previous auction

Risingcash94:
Good morning great investors in the house.
Pls with your experiences which one of these following apps or asset managers would you recommend and why?
Pls I also need responses from users not only agents.
Big thanks 🙏

FBN QUEST
Myinvestar
Stanbic Ibtc asset management
Afrinvest
Norrenberger

Bless you all

I use stanbic, arm and investment One app. I us the ione app more