NL1960:


Iam aware of this. This has been on the form from the time there was no N50m limit. So i doubt the banks have changed the forms. If they had not changed it, it could be that there are customers that have the minimum N50m to bid at their own rate.

Even when you have the 50m it's always advisable to go with the bank rate to avoid any disappointment.

Dogzoneng:
But my banks uba and first band no more do treasury bill. They say the rate is as good as nothing ...5%

Okay, every bank (commercial) have their own policy).
But it has gone up again though.

Dogzoneng:
But my banks uba and first band no more do treasury bill. They say the rate is as good as nothing ...5%

For TB, UBA, Zenith and one other bank I think Fidelity or so from my experience have always been problem banks. For first Bank, any branch should solve the TB issue. However, back then the easiest way I get the most authentic info or get things done easily is to go to their main branch ( In Abuja it's in Commassie House, CBD) or mail/call First Contact. From there they will give you info and probably direct you on how to go about it. If any branch tells you anything contrary it's either you let them know that's not what First Contact said or you stay in the branch there and report back your findings.


You can try Stanbic IBTC and see if you have an account there. It has always been easier with them.

Also, Standard Charted Bank. Here you can place your bid for either Bond or TB by yourself from to their mobile app and it will be honoured.

emmasoft:


Even when you have the 50m it's always advisable to go with the bank rate to avoid any disappointment.

Yes o. Even before the N50m minimum amount, i never went with my own rate. I always said that the bank should use their own rate to bid for me. They are in the sector. So they should know better than me. There is a saying 'over skill dey kill monkey'.

Good Afternoon everyone. Who knows how i can contact StanbicIBTC concerning their MMF investment. I've sent a mail to their assetmanagement@stanbicibtc.com and mutualfunds@stanbicibtc.com but there has been no response from them.

Thank you.

choo:
Good Afternoon everyone. Who knows how i can contact StanbicIBTC concerning their MMF investment. I've sent a mail to their assetmanagement@stanbicibtc.com and mutualfunds@stanbicibtc.com but there has been no response from them.

Thank you.

Their assets management and stock broken arm are very unresponsive these days except you have a personal link there. However, most of the things needed can be done through their app without contacting them anybody.

You can contact the bank by mail or Google their number and call the bank will link you up with their asset management.

choo:
Good Afternoon everyone. Who knows how i can contact StanbicIBTC concerning their MMF investment. I've sent a mail to their assetmanagement@stanbicibtc.com and mutualfunds@stanbicibtc.com but there has been no response from them.

Thank you.

Be patient in waiting for a response, also message them on twitter and Instagram, they will reply using any of the social media channels or email.

freeman67:


Their assets management and stock broken arm are very unresponsive these days except you have a personal link there. However, most of the things needed can be done through their app without contacting them anybody.

You can contact the bank by mail or Google their number and call the bank will link you up with their asset management.

Can you share with me how to go about it via the app?

Wapgod:

Be patient in waiting for a response, also message them on twitter and Instagram, they will reply using any of the social media channels or email.

Thank you very much.

choo:


Can you share with me how to go about it via the app?

It depend on what you want. What do you want to do in the app?

freeman67:



It depend on what you want. What do you want to do in the app?

I am looking at their MMF. I just left their app now. I clicked on the mutual fund button on the app and tried their registration process. I got to where you will fill in an amount, typed the amount I'd want to invest but it popped up an info that the amount shouldn't be more than 20k. Then i left the app.

choo:


I am looking at their MMF. I just left their app now. I clicked on the mutual fund button on the app and tried their registration process. I got to where you will fill in an amount, typed the amount I'd want to invest but it popped up an info that the amount shouldn't be more than 20k. Then i left the app.

That's one area I haven't tried before. However, the money area should not even be the problem because you can open it with just 5k which is what I will do if I were in your shoes because it's easier to top up when the account is set.

What you should be concerned about is the availability of scanned copies of your ID ( Any bank acceptable one/NIN), Your KYC document/ prove of addressed ( like utility; Electricity or Water) bills or rent receipts and be sure it tallies with the address you are presenting and your passport that will required as usual to complete the process.

I think with the above set, you can complete the process. What I do majorly on the app majorly is;

1. Redeem my funds when I need them. Most times I see my funds same day so long as I do it before twelve.

2. Monitor my accounts to see if my Top up/ Deposit is credited. Most times I fund my account through transfers as the main platform for transfer seem to be incur more charges than transfer.

3. I also request for Statement if I have the need through app.

Then set / reset my security question and answer; and my password.

You can diversify and invest with us through our forex fund management service in other to beat the high inflation rate, preserve/increase your purchasing power and at the same time build your wealth in an inflationary economy. Visit the link below.

https://www.nairaland.com/7349176/worlds-most-consistently-profitable-forex

freeman67:


That's one area I haven't tried before. However, the money area should not even be the problem because you can open it with just 5k which is what I will do if I were in your shoes because it's easier to top up when the account is set.

What you should be concerned about is the availability of scanned copies of your ID ( Any bank acceptable one/NIN), Your KYC document/ prove of addressed ( like utility; Electricity or Water) bills or rent receipts and be sure it tallies with the address you are presenting and your passport that will required as usual to complete the process.

I think with the above set, you can complete the process. What I do majorly on the app majorly is;

1. Redeem my funds when I need them. Most times I see my funds same day so long as I do it before twelve.

2. Monitor my accounts to see if my Top up/ Deposit is credited. Most times I fund my account through transfers as the main platform for transfer seem to be incur more charges than transfer.

3. I also request for Statement if I have the need through app.

Then set / reset my security question and answer; and my password.

Thank you very much.

freeman67:


That's one area I haven't tried before. However, the money area should not even be the problem because you can open it with just 5k which is what I will do if I were in your shoes because it's easier to top up when the account is set.

What you should be concerned about is the availability of scanned copies of your ID ( Any bank acceptable one/NIN), Your KYC document/ prove of addressed ( like utility; Electricity or Water) bills or rent receipts and be sure it tallies with the address you are presenting and your passport that will required as usual to complete the process.

I think with the above set, you can complete the process. What I do majorly on the app majorly is;

1. Redeem my funds when I need them. Most times I see my funds same day so long as I do it before twelve.

2. Monitor my accounts to see if my Top up/ Deposit is credited. Most times I fund my account through transfers as the main platform for transfer seem to be incur more charges than transfer.

3. I also request for Statement if I have the need through app.

Then set / reset my security question and answer; and my password.

I'll also check them out i wanted to invest in their AM division some months back but experienced same issue later opted for meristem & cordros.
But this their unresponsive Customer S is another thing.

High MPR Better for Money market and fixed income instrument

With the MPR at 15.5% and as a conservative investor, the coral money market fund CMMF managed by FSDH will be your best bet.
The rate is currently at 11.27% even before the hike in MPR so expect higher returns going forward.

Click the link on my signature or call/chat me up to open CMMF account for free.

emmasoft:
High MPR Better for Money market and fixed income instrument

With the MPR at 15.5% and as a conservative investor, the coral money market fund CMMF managed by FSDH will be your best bet.
The rate is currently at 11.27% even before the hike in MPR so expect higher returns going forward.

Click the link on my signature or call/chat me up to open CMMF account for free.

Whats the implication of this news, does it mean that 15.5% would be the benchmark or should I say minimum interest rate, henceforth.........

What will be the effect of the MPR increase to treasury bills?

zamirikpo:


Whats the implication of this news, does it mean that 15.5% would be the benchmark or should I say minimum interest rate, henceforth.........

15.5% now becomes like a yardstick for the measurement of interest rates on all money markets and fixed income instruments. Most fund managers will want to have rates equal to or more than MPR.

The ultimate however is to beat the inflation rate which is almost near impossible but having a higher rate is better than just leaving cash to stay idle without investing it.

The hike will definitely cause much activities in the fixed income and money market segment.
While it's a piece of good news for funds, tbills, bonds CP etc it's the opposite for the equity, particularly traders and in the short term.

On the long term, ie for the high risk tolerance investors it's actually a good opportunity for the accumulation of good stocks with very higher dividend yields.

Wapgod:
What will be the effect of the MPR increase to treasury bills?

Increase rates for all tenors

Thank you very much.

freeman67:


For TB, UBA, Zenith and one other bank I think Fidelity or so from my experience have always been problem banks. For first Bank, any branch should solve the TB issue. However, back then the easiest way I get the most authentic info or get things done easily is to go to their main branch ( In Abuja it's in Commassie House, CBD) or mail/call First Contact. From there they will give you info and probably direct you on how to go about it. If any branch tells you anything contrary it's either you let them know that's not what First Contact said or you stay in the branch there and report back your findings.


You can try Stanbic IBTC and see if you have an account there. It has always been easier with them.

Also, Standard Charted Bank. Here you can place your bid for either Bond or TB by yourself from to their mobile app and it will be honoured.

I sent this link to my brother to register, perhaps you can use it too. I suggest you start with the 5k minimum needed to set up your account, then you can opt to top up later. Replace & with .
www&stanbicibtcfundsmanagement&com/invest-now-n5lyerem

choo:


I am looking at their MMF. I just left their app now. I clicked on the mutual fund button on the app and tried their registration process. I got to where you will fill in an amount, typed the amount I'd want to invest but it popped up an info that the amount shouldn't be more than 20k. Then i left the app.

Today tbills primary market Auction

12%......for 365days. I thought the benchmark was 15.5%........pls educate me.

zamirikpo:
12%......for 365days. I thought the benchmark was 15.5%........pls educate me.

It is gradual

I'm getting 9.5% for 6 months.

ojesymsym:
I sent this link to my brother to register, perhaps you can use it too. I suggest you start with the 5k minimum needed to set up your account, then you can opt to top up later. Replace & with .
www&stanbicibtcfundsmanagement&com/invest-now-n5lyerem

Thank you very much.

VeeVeeMyLuv:

It is gradual

Ok......thanks......I hope it can get to 15% b4 they do another meeting to bring it down.

zamirikpo:


Ok......thanks......I hope it can get to 15% b4 they do another meeting to bring it down.

Yes I hope so too

But bros u have high target o

zamirikpo:


Ok......thanks......I hope it can get to 15% b4 they do another meeting to bring it down.

how did u expect them to bring it down when it’s not even correlated to inflation rate, they re likely to increase it more but the oversubscription chasing the offer is worrying

juniorrate:
Today tbills primary market Auction

TB rates have moved up to 12%. Even if they left it at 6-10%, the 1 years bills will still get oversubscribed by pension funds and banks. Pension funds have limited options to mop up all that liquidity.

juniorrate:
Today tbills primary market Auction

Wow. Not bad at all! Going back to the good ol days