₦airaland Forum

jeffdaniel:
Thank you! I already reached out, they said it's taking time because it was over subscribed. I'm waiting, hopefully i get my certificate this week.

Oversubscribed? Hopefully yours will be allocated. Just watch out for your allocation notice

bastardson:
23% is huge in 6 months.

Is it like Fixed Deposit?

Would the capital and interest be paid after the set date ?


I need to read on how commercial papers work

Yes you can opt for interest upfront or wait till maturity for interest. It's not as secured as Tbills though

Locotrader:
Dangote sugar commercial paper is just out and also closing tomorrow.
I am interested if rates is above 20%

Here you go

jeffdaniel:
Hi everyone, does anyone know what is going on with the Dangote Cement commercial paper? I subscribed for the CP directly for more than a week now, am yet to hear anything.

Kindly reach out to the house/firm you used to get the cp. Normally confirmation notice shouldn't take long

heavenisreal18:
Good afternoon, pls I invested in T bill
I was paid upfront interest ,when I received the certificate it was stated that maturity value subject to 10percent withholding tax , does it mean they will deduct the 10percent from the face value at maturity.
Or I will received all my money at maturity

Good morning. Since you receive interest upfront, it's possible they have charged it on your interest. WHT will not be deducted from your principal except they didn't charge you 10% WHT on your interest amount

Leyqute:
Everybody blood just dey hot for here 🤣🤣🤣

Baba e need hot.. See wetin our neighbours dey do for transfer market na.. I no understand this club again. Anyways mk we dey look market still open but the earlier we sign the better

Chrisfaco:
Hi guys, please i reply do not know how to use this platform but i have a question. I have about 22m but i am confused if I should use it to build a residential apartment for my family (a wife and a kid), commercial apartments (maybe 4 or 5 units of self contain. PS: I already have a land in an estate, self contain goes for around 400k there) or I should invest the money in Treasury Bills and get my rent (550k) from interest rate and also invest the rest of interest in a small business that i can scale up over time. Please i will be needing your honest advice on this. Thanks OGs

Hi, what's your investment objective and how long are you looking at investing the money? Tbills have 90,182 and 364days for primary market. For secondary market, you can get less than 90days.

RayRay06677:
When are we expecting the GREEN BOND ? . ..................................,...................... ......................................

It opened 16th and closed 18th.................................................

Shalom428:
Today's auction results . The money in circulation is huge. Rate might trend lower in coming days.

There's possibility it will trend lower. Rate in secondary market is declining already

megawealth01:
If you have funds get into ACCESS BANK at sub 23 and FIRSTBANK at sub 28... With OTEDOLA now fully in the picture expect FIRSTBANK at the region of 60+ speculatively... Buy what you can with the new face of THE ELEPHANT... ACCESS BANK and FIRSTBANK are currently sub 21 and sub 26 respectively...

This are my 8th and 9th SIGNALS for 2025... Over to MR TIME and PATIENCE!!!


DYOR

Gtco,?......................................... ......

Batman2412:
Is it alright to play with Fairmoney MFB @ 26% while running mmf/tbills?

Yes........................ You can always diversify

heavenisreal18:
Good afternoon, pls I invested in T bill
I was paid upfront interest ,when I received the certificate it was stated that maturity value subject to 10percent withholding tax , does it mean they will deduct the 10percent from the face value at maturity.
Or I will received all my money at maturity

They are suppose to deduct from the interest amount.
Then at maturity, your face value will be your principal invested. Confirm your face value is the amount invested and they have not deducted WHT on before crediting your upfront interest. You can determine this by PRT/100=Interest. If amount is 10% less of what you received, no need to worry. Wht has been deducted already. At maturity you get back principal. You won't be charged twice

okonkwofabian51:
@ Hannania

Hello everyone and my able Hannania
I have received my opportunity card visa
And I want to say a very big Thank you to @Hannanias you have been very helpful and all you have said and advised has been true.

Please if anyone needs any information on opportunity card visa pls listen to Hannanias he knows what he is saying.

@Hannania please I need to register my address at the Residents Affairs and part of the documents requested are

original civil status documents (e.g. birth certificate, marriage certificate, name declaration)

and, if necessary additionally
Proof of the authenticity of the document in the form of legalization or apostille
Translation by a sworn interpreter

My question is does the document has to be translated and notarized, if yes can you advise how to go about it , or link me with someone to legalize the documents.

Thank you.

Congrats Bro

PharoahIII:
Yh I know but how do I buy, thru a website or go into a bank branch?

Registered with any investment company, open and account and tell them you want to purchase treasury bills

gentlerossy1:
First Bank ooo. It's primary market. Too poor. Even the secondary market I did with Dem I got 18.7

Not close to stop rate of yesterday's auction

freeman67:
Sorry about that. Maybe he mistook do not invest the internet for invest instead.

If not your urgent need for the money, I would have said if the interest was invested at same bank rate with the principal and the interest tallies, you should just leave it to run.

I said the above because back then, my TB was once reinvest at maturity even when I asked them to drop it in my account. I was furious with the First Bank branch. Then first contact (Their Customer Care HQ) was still very effective. I mailed them and got a call from them that I should go and meet the manager of the branch. When I got there, she tried to convince me to let it run and insisted I needed my money.

Long story short, it was later resolution at the prevailing market rate which was not upto the rate it was initially invested. Thus, I lost a few coins on and still had a tainted relationship because I was seen to be rigid in my stance.

With investment firm, I think It easier to just reverse and give you your interest as requested.

Sorry about that experience

gentlerossy1:
Good evening all.
Please for a TB of 3,700,000 @18.5% for 364 days. The interest is also invested, how much should be expected at maturity?

Principal of 3.7 should give 3,700,000*364*18.5/36500=682,624.66.

The interest will also depends on the rate it was booked if it's same rate, you can use above calculation and replace 3.7m with 682k. Also bear in mind there's 10%WHT on the interest amount.

But wait o, which company gave you 18.5% is it primary market?

gentlerossy1:
TB gurus, which is more profitable.
1. Investing capital and interest.
2. Getting the interest upfront and reinvesting separately.
Thank you

Both are almost similar but I prefer the former. I just go for interest at maturity and whatever yield is what will apply on my principal amount.

Chriswazo:
Okay, i see,

Is necessary for Bonds.

I am trying to open the stuff with Stanbic online but then it keeps showing me something went wrong.

I contacted them via email and they offered me an option of paper fill but that i will have to pay 1mil 1st to their position.

My question now is, if I credit them the 1 million and the account is opened, can I withdraw my fund back and invest how much I want is the 1 mil the minimum operating balance? So I can't withdraw it

I don't use stanbic but account opening is suppose to be free.
Afterwards, you can deposit amount you want to invest with them

Chriswazo:
Hello

Anyone using Blunest Stanbic IBTC to invest in T.B?

Do they open a cscs account as a premium user or is CSCS not mandatory to invest in TB?

Cscs is not mandatory for tbills. Open an account with them or reach out to your bank

Auction Result

Biko any update on PMA result

afrodoc2:
They had 28% possession against Barca, and people were hyping them because they won. It would have been a travesty if they had lifted this cup.

True. If not for Barca's weak defence, the match would have been an interesting Psg vs Barca

wman:
Ref no even add stoppage time

😂😂

Crazy.

If na you u go add lol..

This Inter no good Sha.

afrodoc2:
This Inter team is smelly.

They re real smellos..

emmaodet:
Exactly bro.
Exactly.
All these rubbishing the TB regularly should just stop.
You know quiet well before clicking on the thread that it is a TB group, so why come to rubbish it.
I am even okay with TB up to 15% provided interest rate/lending rate falls close to 20% too.
Below 15%, i will half my investment and put the other half in dollar mutual fund at 10% per annum to diversify but won't leave the naira investment totally.
You won't appreciate liquid investments like mutual funds, TB and bonds until you meet yourself in urgent emergencies then you will know solid cash like land may land you in problem to quickly and easily convert back to liquid cash to solve your problems.
The agents would smell your desperation and starts giving you shitty prices. Bring buyer today to inspect to come next week with cash which he will disappoint. Some will even say they only have 3m on ground for a 5m bargained land, out of desperation, you will say Yes only for them to say it is even 1.5m cash that is on ground to pay the rest in 6 months etc.
Also, let's be careful on this group, apart from land agents, so many scammers are on nairaland looking for who to dupe. It is an anonymous group and anybody can claim to be what they are not...rich, have large investment in TB, bought this land for this price to sell for this price etc all just to lure unsuspecting members with cash to contact them privately on how to help them.

Well said bro. Those discussing lands/properties can go to the property section.

KingCassy:
Yield? Now I’m more confused…. What’s the difference.. and I thought Tbills interest is payed upfront, do they have option for interest at maturity.

Please in simple terms.. with this picture I posted below, how much will I be paid if I invest in primary auction of TB

How much you will get all depends on the tenure and amount you are investing.

Take for instance P*R*T/100, the calculation will give you your interest amount.
10,000,000*0.1956*364/100=1,950,641. Some banks deduct custodian and other charges, some also deduct W.H.T from interest amount.

stokfrick:
Pls I want to sell my Treasury bills I bought on the secondary market with stanbic secondary market. I've only stayed for 1 month but the total duration was supposed to be for 5 months. I need to redeem the money for an urgent need.

Pls are there going to be any deductions from my money and pls at what rate.
I'll appreciate anyone with info or past experience on this

Yes your bill will be re-discounted by Stanbic using the prevailing rate
You can reachout to them for more information

KingCassy:
Someone told me the primary auction rate is 24% while you’re saying 19.5.. now I’m more confused.
Omo my banks don’t want to give me much information. They’re insisting I go for secondary. Is there any bank or investment institution that can help with the primary auctioning when next it’s to happen

enque is correct. Rate is 19.5 except the person is saying yield which is 24.3%. You will get it if you re-invest or opt in for interest at maturity
Also, ensure you invest with a bank or licensed investment company.

Regards,