₦airaland Forum

farydah:
Mine was successful but I put in 5m for 364 days and I was credited 745k there abouts. However, my certificate came with the rates at 15.5% and the tenor 354 days or so. Am I missing something??

chukzyfcbb:
15% at secondary market.

Dem don rip you o

Odunharry:
Secondary tbills rate is even higher than that.

kristien4:
Was anyone successful at the week's auction, what bank and rate ?

gare2510:
Mine was successful with First Bank, around 20 -21%. I have not seen the certificate just rough calculation from the interest returned

chukzyfcbb:
15% at secondary market.

Dem don rip you o

enque:
Of course you would have.

gare2510:
Mine was successful with First Bank, around 20 -21%. I have not seen the certificate just rough calculation from the interest returned

Nakedman:
First bank doesn't disappoint. . Seems i will l have to move from stanbic back to first bank. I am yet to hear anything from stanbic bank since Monday. I tire. Has anyone heard from stanbic yet?

kristien4:
Stanbic was not successful, dey have returned my funds. Be like na to port to anoda bank. Before the rates start dropping

Foodempire:
Is there any withholding tax from your interest?

kristien4:
Stanbic was not successful, dey have returned my funds. Be like na to port to anoda bank. Before the rates start dropping

Itsrm:
Here

farydah:
Mine was successful but I put in 5m for 364 days and I was credited 745k there abouts. However, my certificate came with the rates at 15.5% and the tenor 354 days or so. Am I missing something??

manwomanok:
my people Good Evening

apart from "Treasury Bill Advice Notification" detail stated below

Dear Sir/Ma
CONFIRMATION OF INVESTMENT IN TREASURY BILLS
We confirm details of your investment in TREASURY BILLS subject to the following conditions:
Face Value :
Discount Value
Transaction Fee :
Effective Date :
Maturity Date :
Commission Amount :
Safe Keeping Fee :
Bid Rate :

what other things should i be expecting as ownerships evidence as i read people here mentioning certificate or something

Thank you

manwomanok:
my people Good Evening

apart from "Treasury Bill Advice Notification" detail stated below

Dear Sir/Ma
CONFIRMATION OF INVESTMENT IN TREASURY BILLS
We confirm details of your investment in TREASURY BILLS subject to the following conditions:
Face Value :
Discount Value
Transaction Fee :
Effective Date :
Maturity Date :
Commission Amount :
Safe Keeping Fee :
Bid Rate :

what other things should i be expecting as ownerships evidence as i read people here mentioning certificate or something

Thank you

Odunharry:
Seems you opted for upfront interest payment. Backend is higher.

Shalom428:
After all the annoying deductions, Zenith rate was 18.3%. Nigeria Banks are really milking their customers.

Odunharry:
Tenure? Primary or secondary?

Shalom428:
Primary , 365 days. Same auction that was 21.49%

Odunharry:
Ogini.. Ask your account officer biko.

gare2510:
Mine was successful with First Bank, around 20 -21%. I have not seen the certificate just rough calculation from the interest returned

debbydee:
Good evening everyone.

Please when is the next auction?

Shalom428:
Unfortunately, you are at the mercy of the banks unless your bid is above ₦50M , then you can quote your own rate.

Shalom428:
After all the annoying deductions, Zenith rate was 18.3%. Nigeria Banks are really milking their customers.

exclusiveoloori:
With these high rates, I hope treasury bills is still safe to invest in. Abi FG don turn ponzi ni..... just kidding. But I'm about to pull out funds from my mutual funds too o!

drealj:
Pls let us know if Stanbic is still ok for tb.
Is there any penalty or short of money for terminating sukuk bond

Itsrm:
Here

Chikebrain:
Very good. Zenith collects Tax from interest. I was sad when I transacted with them. I had to port to GTB and vat + charges removed wasn't much at all