₦airaland Forum

Pls I have not been debited for t bill since yesterday, account officer said they will since yesterday,does it mean is not successful

koreanlord:
is wema ok for primary auctions or for secondary market purchases?

Secondary market

Please can someone explain this to me some times I don't understand the magic all this banks do.
They said 18.75% but the amount they are paying in return is not upto that when you lessall there charges.

I will be losing almost 18k which they didn't specify in the details.

Is this primary or secondary market? Also what's the tenor?

chrismex:
Please can someone explain this to me some times I don't understand the magic all this banks do.
They said 18.75% but the amount they are paying in return is not upto that when you lessall there charges.

I will be losing almost 18k which they didn't specify in the details.

Risingcash94:
Is this primary or secondary market? Also what's the tenor?

I guess this should be secondary sales.
Tenor is 322days

Akerewe:
Good day house,

Recently I saw 30% for 730days on FAIR MONEY APP

It's tempting but all these Fintech app might/ might not fuckup soon now or later.

Just my observation!

It's genuine. You get 26% after tax which is 52% for 730days and you get interest upfront

Let me ask, apart from Standard chartered bank, which other firm does not charge withholding tax on treasury bills?


What firms allow you to bid for the auction with less then 50m?

Odunharry:
Next week wednesday

what was previous rate chief

Date for the next seven primary auctions in 2025

5th February
19th February
5th March
12th March
26th March
9th April
23rd April

All things being equal.

ernie4life:
Let me ask, apart from Standard chartered bank, which other firm does not charge withholding tax on treasury bills?


What firms allow you to bid for the auction with less then 50m?

With investment one you can do minimum of 100,000

codemaster2much:
what was previous rate chief

previous stop rate for 91 days was 18%, 182days was 18.50 and 364days 22.62

heavenisreal18:
Pls I have not been debited for t bill since yesterday, account officer said they will since yesterday,does it mean is not successful

Reach out to your account officer

chrismex:
Please can someone explain this to me some times I don't understand the magic all this banks do.
They said 18.75% but the amount they are paying in return is not upto that when you lessall there charges.

I will be losing almost 18k which they didn't specify in the details.

480,000(PRINCIPAL)*18.75*322/365*100 Your answer then deduct 10%WHT on the interest amount.

nicestlady:
Please does anyone know the process for TB investing with fcmb or fidelity bank. What rate did they give for the last primary auction for 365 days?

I already have account with the 2 banks that's why I'm considering them. Their branch staff aren't very knowledgeable about how it's done. Fidelity staff actually said N50m minimum investment and I know that can't be true. Are they more reliable and stress-free banks?



put in a request since last week and funded my account on Monday only to be told this morning that my Tbill request did not go through. Just so disappointed in

Yes 50m is the minimum amount to invest in Tbills primary market. There are some investment firm and banks that accept minimum 100,000.

Lets talk more 0.

My late father has 5 million as his pension bond since 2016. We started processing the funds last December. I will like to know if the interest rate for the 8 years will be much🙏

Odunharry:
previous stop rate for 91 days was 18%, 182days was 18.50 and 364days 22.62

Do you know if I can go to my gtb branch nearest to apply?

codemaster2much:
Do you know if I can go to my gtb branch nearest to apply?

Sure. Request to speak with someone knowledgeable to guide you.

Odunharry:
Sure. Request to speak with someone knowledgeable to guide you.

thanks boss

missjekyll:
Thanks which bunch?
If it sounds too good to be true it probably is.

If you are swindled,there is nothing,zero ,zilch you can do about it.

I suggest sticking with TB and government bonds. Just a gentle suggestion.

They are safe.
I went to their office at marina, the head office and met the guys working there inside UBA bank headquarter.
Moreover, they have a microfinance branch that uses your mutual funds to give you loans which I collected early this month

Pls. has anyone who did primary market TB with stanbic IBTC received upfront interest?

emmaodet:
They are safe.
I went to their office at marina, the head office and met the guys working there inside UBA bank headquarter.
Moreover, they have a microfinance branch that uses your mutual funds to give you loans which I collected early this month

Just my opinion really. They will not be seeing a dime of my money

AdvocateWriter:
It's genuine. You get 26% after tax which is 52% for 730days and you get interest upfront

It's actually 56% and 50.4 after withholding tax. You get interest upfront too. DYOR

gare2510:
Pls. has anyone who did primary market TB with stanbic IBTC received upfront interest?

Yes you get your interest upfront.

Odunharry:
480,000(PRINCIPAL)*18.75*322/365*100 Your answer then deduct 10%WHT on the interest amount.

Ok now I understand thanks alot

AdvocateWriter:
It's genuine. You get 26% after tax which is 52% for 730days and you get interest upfront

Pls educate us more about them, what if they run away with people money??

Hello everyone,
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Akerewe:
Pls educate us more about them, what if they run away with people money??

🤣🤣🤣

ernie4life:
Let me ask, apart from Standard chartered bank, which other firm does not charge withholding tax on treasury bills?


What firms allow you to bid for the auction with less then 50m?

As of the last time I used GTB, that was in Aug last year, they were not charging WHT. Though currently not too sure

Why is there delay from these banks last week it was unsuccessful, this week again unsuccessful. Is there any reason for that? Will I have to wait till February

ernie4life:
Let me ask, apart from Standard chartered bank, which other firm does not charge withholding tax on treasury bills?


What firms allow you to bid for the auction with less then 50m?

Are u sure of ur first paragraph about withholding tax?

Akerewe:
Pls educate us more about them, what if they run away with people money??

Let them run away if they want to. Business is for those who are ready to lose.