₦airaland Forum

RayRay06677:
Dollar will rise.

Yes, it is trend in December, too many $ inflows hence it’s a classic demand and supply at play. Hold on to your $ until mid to late January

Timmi:
Yes, it is trend in December, too many $ inflows hence it’s a classic demand and supply at play. Hold on to your $ until mid to late January

Right time to buy then

Timmi:
Yes, it is trend in December, too many $ inflows hence it’s a classic demand and supply at play. Hold on to your $ until mid to late January

💯

RayRay06677:
Right time to buy then

💯

Itsrm:
Those fees are charged whether it's primary or secondary market. You may not have noticed or it wasn't communicated to you.

Good afternoon. About those fees, I got this from my enquiry with Stanbic.

Please is this 7.5% charged on my investment or the interest?

SmartNYSC:
Good afternoon. About those fees, I got this from my enquiry with Stanbic.

Please is this 7.5% charged on my investment or the interest?

Its neither on the investment nor the interest.

VAT is on commission, custody and transaction fees.

Commission is 0.125% of the investment, custody 0.1% and transaction fee is N100.

7.5% the total of the above is your VAT.

Itsrm:
Its neither on the investment nor the interest.

VAT is on commission, custody and transaction fees.

Commission is 0.125% of the investment, custody is 0.1% and transaction fee is N100.

7.5% the total of the above is your VAT.

Thank you sir.

RayRay06677:
Right time to buy then

Go ahead 😏

oluayebenz:
Go ahead 😏

I have about 15m I made from savings and my business. Should I start build a residential house for myself and family or invest it in TBills yearly and use my interest for rent and other basic expenses. Pls I need suggestions. (PS: I have got a land for the building already)

Chrisfaco:
I have about 15m I made from savings and my business. Should I start build a residential house for myself and family or invest it in TBills yearly and use my interest for rent and other basic expenses. Pls I need suggestions. (PS: I have got a land for the building already)

Dicey situation...

15m isn't enough for a good residential house, I will advice you invest the money in Tbills and continue to generate more money from that your business till you are financially capable and stable to start building your taste abode.

BizErikah:
I thought about that but I calculated the yield and the 3x is more than the 1 time 360 days yield

😂😂 it doesn't work that way, you really think people doing 1 year straight are not wise 😂😂😂

Chrisfaco:
I have about 15m I made from savings and my business. Should I start build a residential house for myself and family or invest it in TBills yearly and use my interest for rent and other basic expenses. Pls I need suggestions. (PS: I have got a land for the building already)

Put the money in Tbills.
Use the annual interest from Tbills to pay your rent and start the building of the residential house till you finish it.
Keep doing your business and continue to grow the capital you put in Tbills annually.

Did anyone bid with Stanbic lately? Please what is the rate?

oluayebenz:
Dicey situation...

15m isn't enough for a good residential house, I will advice you invest the money in Tbills and continue to generate more money from that your business till you are financially capable and stable to start building your taste abode.

Considering the current inflation rate, I strongly advise allocating ₦5 million towards your building project and prioritizing careful planning to maximize the budget. Depending on the location, an alternative option could be purchasing another plot of land.

To maintain liquidity, ensure that ₦10 million is set aside as an easily accessible reserve. Consider investing this amount in low-risk instruments such as Treasury Bills, shares, or commercial papers. This will allow you to quickly access funds if needed for unexpected expenses or business opportunities.

Avoid tying up all your capital in a single building project, as unforeseen circumstances like job loss or business demands may require immediate access to funds.

Nakedman:
Did anyone bid with Stanbic lately? Please what is the rate?

..

SmartNYSC:
Good afternoon. About those fees, I got this from my enquiry with Stanbic.

Please is this 7.5% charged on my investment or the interest?

What rate did you get from Stanbic?

donshady:
What rate did you get from Stanbic?

My bid wasn't successful but the customer agent said the last rate was 22.9%

SmartNYSC:
My bid wasn't successful but the customer agent said the last rate was 22.9%

Thanks

Seniors on the thread. Can someone please point me to how to get on t-bills investment, knowing that I am in the diaspora.

sholadele4:
Seniors on the thread. Can someone please point me to how to get on t-bills investment, knowing that I am in the diaspora.

I use I-invest app for the sake of convenience bro. Expect other comments from the experts on this platform.

It seems sometimes the the rate is higher in secondary market.

I got 19% for 65 days in secondary market, 17.8% in primary market for 91 days in first bank.

Omonigeriarere:
I use I-invest app for the sake of convenience bro. Expect other comments from the experts on this platform.

Thanks for the response. Very helpful.

Sukuk Dec 2nd, has anyone been credited? I have been waiting for a week now. Thanks in advance.

RayRay06677:
Sukuk??

13th October

Any update?

oludy:
Sukuk Dec 2nd, has anyone been credited? I have been waiting for a week now. Thanks in advance.

Yes, for 4TH RENTAL PAYM FGSUK2032S since Friday 06/12.
Moni wey we don chop finish sef

Hello Gurus,

Pls assist to confirm the rates:

For Sec TB > Commission Fee ? ; Custody Fee ? ; Transaction fee ?
For Pri TB > Commission Fee ? ; Custody Fee ?; Transaction fee ?

Does the fees above apply to both of the Pri & Sec TBs?

Which other fees are deducted apart from the 10% WHT on interest ?

Heard there will be primary market auction tomorrow.

Hello.
For secondary market. The principal has been deducted. But I haven't got the interest. I thought its immediately and also is it possible for the bid to fail even after when the principal has been deducted. Please I need clarification on this. Thank you

SmartNYSC:
My bid wasn't successful but the customer agent said the last rate was 22.9%

Thanks for the info bro...

I thought they said it is about 29% for a 364days tenure...

Odunharry:
Heard there will be primary market auction tomorrow.

Good day,

Any update on today's auction results?

Thanks

koreanlord:
Thanks for the info bro...

I thought they said it is about 29% for a 364days tenure...

True yield is around 29 for last auction.

EduC:
Good day,

Any update on today's auction results?

Thanks

Not yet. Will check online

Odunharry:
Not yet. Will check online

Thanks a lot sir.

Please post when you have the info.

Regards.