₦airaland Forum

Pls how does this fairmoney work as well as how to invest. Even piggyvest. Pls someone explain to me

legacystore:
.. Yes though fairmoney pays the highest interest on fixed income in Nigeria presently. Spreading your risk is a good strategy

Risingcash94:
My dear worst mistake ever. The thought of it depresses me. I wish I can sell but na who wan buy? All I can do is wait 🥺

is well just take it as one of those investment lessons.

lastmessenger:
una dey try o. Keeping naira for 7 years

What else can you do that's guaranteed without being fraudulent?

Copied:


The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

eroworld:
Does TB and piggyvest pay interest upfront?

Treasury bills gives you options of invesgting your interest or taking it upfront

eroworld:
Please which of the commercial banks is the most reliable for treasury bill investment?

Lets chat, What tenure are you looking at?

09070058289

toyad1:
Good morning, please what will be the interest on 5m invested on TB in first bank and how do one go about it.
Thank you.

Your interest amount depends on the rate and tenure then your principal

RayRay06677:


What else can you do that's guaranteed without being fraudulent?

Copied:


The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

Thanks 🙏 That's just what it is.

lastmessenger:
is well just take it as one of those investment lessons.

Good morning.

A big thumbs up for our wonderful contributors. In my own little way I was at first bank this morning and this is the rate I got for secondary market.

debbydee:
Good morning.

A big thumbs up for our wonderful contributors. In my own little way I was at first bank this morning and this is the rate I got for secondary market.

359 should be over 16% IMHO

You have to have an account with first bank before you can invest. Then walk up to any of their branches and fill and submit the TB form.
They were offering 16.7% for 360 days on the secondary market when I enquired on Monday.


uote author=toyad1 post=134473379]

Good morning, please what will be the interest on 5m invested on TB in first bank and how do one go about it.
Thank you.[/quote]

Hello. Please is there anyone here who subscribed to the FGN USD bond and got paid the first coupon due on 6 March 2025

Odunharry:
359 should be over 16% IMHO

Too low actually
Providus offered 17.2% yesterday for 332days

What about Stanbic? Any idea their rate

omotola224:
Too low actually
Providus offered 17.2% yesterday for 332days

Shitty Tb rates.. most fintechs are doing a lot better.

Does anyone use piggyvest here? I would like to know how it works?

Please can someone confirm the minimum TB investment for first bank? Does it vary with the branch?

I do

Nkwomarket:
Does anyone use piggyvest here? I would like to know how it works?

Good day Senior Men in the house...

This is the first time I want to invest in T-bills, and I have been observing these thread for some days now. I am quite exposed to the fundamental things I need to know. So today, I decided to visit the nearest Stanbic Bank to open an account with them since you need to have an account with the bank before trading in T-bills through them.

I told the customer care representative handling the account opening process about my intent. She immediately started trying to convince me to consider another investment option, which they didn’t specify, claiming it was better than T-bills. However, I’m someone who doesn’t get easily swayed, so I told her and her colleague that I am focused on T-bills for the moment.

During my conversation with them, they didn’t even seem that knowledgeable about the T-bills process.

My question is: how does the allocation of an account officer work? I thought that by going directly to the bank, the process would be seamless for me.
Someone should enlighten me more.

I do not know how Stanbic works process-wise, but for all the T-bills I have done with the first bank, I just walk into the banking hall and ask for the staff in charge of treasury bills, and I do my transactions with him/her.

Pierce008:
Good day Senior Men in the house...

This is the first time I want to invest in T-bills, and I have been observing these thread for some days now. I am quite exposed to the fundamental things I need to know. So today, I decided to visit the nearest Stanbic Bank to open an account with them since you need to have an account with the bank before trading in T-bills through them.

I told the customer care representative handling the account opening process about my intent. She immediately started trying to convince me to consider another investment option, which they didn’t specify, claiming it was better than T-bills. However, I’m someone who doesn’t get easily swayed, so I told her and her colleague that I am focused on T-bills for the moment.

During my conversation with them, they didn’t even seem that knowledgeable about the T-bills process.

My question is: how does the allocation of an account officer work? I thought that by going directly to the bank, the process would be seamless for me.
Someone should enlighten me more.

Pierce008:
Good day Senior Men in the house....

They were probably trying to get you to do Fixed Deposit, as it'll count for the account officers.

N.B: Tbills yield better than any fixed deposit or something.

omotola224:
Too low actually
Providus offered 17.2% yesterday for 332days

I know. Investment one offered around 17.9 or so yesterday secondary market.

enque:
I do not know how Stanbic works process-wise, but for all the T-bills I have done with the first bank, I just walk into the banking hall and ask for the staff in charge of treasury bills, and I do my transactions with him/her.

Thank you so much. I will check out first bank tommorow.

yourstruly5:
They were probably trying to get you to do Fixed Deposit, as it'll count for the account officers.

N.B: Tbills yield better than any fixed deposit or something.

They weren't straight forward in my observation. They said they have a better platform for me, yet they couldn't tell me about it . Just hype without coming out concrete.

Abeg was there any auction today?

vazsily:
Abeg was there any auction today?

Yesterday you mean

Here you go. Rate for jacked up again. Anything below 20% is just a big mess up

Nakedman:
Here you go. Rate for jacked up again. Anything below 20% is just a big mess up

This justified my last post, when dollar gains tbs rates go up. Because people can't be stupid enough to lock up funds for mediocre rates while inflation bites hard. At least 20% is fair enough, many people don't believe in Naira anymore so if dollar goes back to #900, would you rather keep your funds in naira investments or stockpile dollar?

Good day house, I want to invest in Treasury Bills(ist time).
If I choose to reinvest my interest, potentially up to ₦5 million, will I still earn additional interest on the ₦5 million?
Assuming it was 15% at the first bid, will it be the same rate with the interest I just reinvested?
Thanks

Yes, the reinvested interest will also earn interest at the same rate as your initial principal.

Maya30:
Good day house, I want to invest in Treasury Bills(ist time).
If I choose to reinvest my interest, potentially up to ₦5 million, will I still earn additional interest on the ₦5 million?
Assuming it was 15% at the first bid, will it be the same rate with the interest I just reinvested?
Thanks

Hello, my 90 days investment was due for payment yesterday; when should i expect the payment? I thought it would be instantly

Ewaoluwayemi:
Hello, my 90 days investment was due for payment yesterday; when should i expect the payment? I thought it would be instantly

Which bank?
Hope is not GTB