₦airaland Forum

Hi everyone, am new here , I have got some money, between the range of 10 to 20 m, any ideas on a safe investment with a reasonable income in a short period of time, suggestions would be appreciated.

enque:
Today's rates

Thank you for posting.

No changes from previous auction

tnerro1:
Hi everyone, am new here , I have got some money, between the range of 10 to 20 m, any ideas on a safe investment with a reasonable income in a short period of time, suggestions would be appreciated.

Do your findings and research first then make sure the investment you are doing align with your investment objective.
Any federal government investment is the safest you can get in Nigeria currently. It's less risky and principal and return is guaranteed.

Odunharry:
Do your findings and research first then make sure the investment you are doing align with your investment objective.
Any federal government investment is the safest you can get in Nigeria currently. It's less risky and principal and return is guaranteed.

Ok, you mean T bills?

tnerro1:
Ok, you mean T bills?

Yes, Tbills, FGN savings bond for 2 or 3years then you have FGN Bond also.
If you are looking between 90-364days, then treasury bill is your best bet. You have options of collecting your interest at maturity or upfront.
Talk to your bank and do submit your bid on time for the next auction coming up.

Odunharry:
Yes, Tbills, FGN savings bond for 2 or 3years then you have FGN Bond also.
If you are looking between 90-364days, then treasury bill is your best bet. You have options of collecting your interest at maturity or upfront.
Talk to your bank and do submit your bid on time for the next auction coming up.

Thanks for the insight, will speak to my account manager

Welldone @enque💯

enque:
Today's rates

As expected, FGN bond prices have increased (reduced yields) reflecting the introduction and application of WHT on Nigerian Treasury Bills.

DECIDE WISELY

As the MPC meets on Monday and Tuesday, 24th and 25th November 2025, to decide the Monetary Policy Rate (MPR), ensure that your investment decisions are well aligned.
No matter which direction the rate moves, most likely downwards, make sure your money continues to work for you. Their decision can affect your investment positively or negatively, depending largely on where you choose to place (invest) your money.

Position yourself strategically. Review your investment options/instruments.
Every rate regime creates an opportunity!

Decide and invest wisely.

Good evening, everyone.
I've some fund to invest but I'm yet to figure out the safest and more profitable means to use.
A friend introduced piggyvest to me and the interest rate is 20% per annum to be paid upfront. I'm also reading about Treasure bills here which has lower interest rate.

Please, help me recommend the best and safest one to choose. Thank you.

FIRST BANK DEBITED 10% WTH. This is crazy

Nakedman:
FIRST BANK DEBITED 10% WTH. This is crazy

Is the debit from upfront interest or at maturity?

talk2tonie:
Is the debit from upfront interest or at maturity?

At maturity. I invested December 2024.

Nakedman:
At maturity. I invested December 2024.

Ok. That is the new development I see.

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talk2tonie:
Ok. That is the new development I see.

I am really pained seeing that debit man

Nakedman:
I am really pained seeing that debit man

Hope not directly on your capital which you invested?

I mean it is from your interest equivalent found in your capital

10% WHT To begin by FBN

kisszhira:
10% WHT To begin by FBN

To begin? They back dated the stuff which is absurd

Nakedman:
At maturity. I invested December 2024.

At Maturity you invested both capital and interest
Or tempered with the Capital

Honestly, na better thunder go fire some account officers, they are very very useless and part of our national crisis, they are frustrating retail investors from investing in treasury bills and other fixed income, they will play every trick in the book to delay or convince you to fixed your money in their useless deposit..

I am going to the village right now, to report some of them to my village people, some account officers will not see 2026, their own is getting too much....

IvoryT:
Then they should issue a formal notification to that effect, because any unauthorized deduction from the principal amount would be considered criminal. In two weeks, my GTB investment will mature, and I’ll return here to provide a firsthand update. It is what it is, the government is choking us with taxes. The idea itself is good and aligns with global best practices, but unfortunately, we’re not seeing the impact or how the money is being utilized

As promised, my Treasury Bills with GBT matured yesterday, the 20th of November. This evening, I received my capital intact, as expected. I then waited patiently for the withholding tax debit, which came about 35 minutes later. This is the reality

. . . for those who're still confused as to the un-answered question yet, i believe the below suffice:

e.g : 5,000,000 was invested at 15% at 1st of Jan 2025 for a 365day period via Treasury Bill and interest paid out upfront (750,000 assuming nobody charged you nada) and at maturity there's a brouhaha of 10% WHT, this would apply to the previous upfront 750k (75k) and not your capital (500k).

Meaning, if already you weren't charged, at maturity you'd be debited 75k (10% WHT of 750k) from your 5mil Capital, leaving you with 4.925k

You're welcome

DAramis:
Hope not directly on your capital which you invested?

I mean it is from your interest equivalent found in your capital

They took the WHT from my capital.

Nakedman:
I am really pained seeing that debit man

I understand. I felt the same way too!

Educationalserv:
At Maturity you invested both capital and interest
Or tempered with the Capital

Ahib, Wetin be this

Nakedman:
They took the WHT from my capital.

This is diabolical.

It is definitely going to be above 10 percent had it been you calculated it with the interest you received😥😥

DAramis:
Hope not directly on your capital which you invested?

I mean it is from your interest equivalent found in your capital

I'm sure that's applies. Since the upfront has already been paid, they likely removed it from the principal.

inze:
. . . for those who're still confused as to the un-answered question yet, i believe the below suffice:

e.g : 5,000,000 was invested at 15% at 1st of Jan 2025 for a 365day period via Treasury Bill and interest paid out upfront (750,000 assuming nobody charged you nada) and at maturity there's a brouhaha of 10% WHT, this would apply to the previous upfront 750k (75k) and not your capital (500k).

This makes sense

talk2tonie:
I understand. I felt the same way too!

WHT AND TBILLS
There is nowhere in the world where WHT is deducted from capital; it's always from interest earned, whether deducted at the beginning of the tenor or at the end, WHT is always deducted from interest earned. Even the interest earned in your savings is treated the same way.

You invested 100k in TBills. At the start, they collected 90k, which leaves 10k interest in your account.
At maturity, they paid you 99k is the same as paying you 9k at the beginning and giving you 100k at the end. Nothing has touched your capital in both scenarios.

Let's be well guided.

emmasoft:
WHT AND TBILLS
There is nowhere in the world where WHT is deducted from capital; it's always from interest earned, whether deducted at the beginning of the tenor or at the end, WHT is always deducted from interest earned. Even the interest earned in your savings is treated the same way.

You invested 100k in TBills. At the start, they collected 90k, which leaves 10k interest in your account.
At maturity, they paid you 99k is the same as paying you 9k at the beginning and giving you 100k at the end. Nothing has touched your capital.

Let's be well guided.

The reason it appears that way is because the thieves applied it to investments done before the implementation.

People who got their interest upfront are getting theirs deducted from capital which is wrong.

Laws should not be retroactive. I wish we have people who can take up the government on this in court.

Akinlot:
The reason it appears that way is because the thieves applied it to investments done before the implementation.

People who got their interest upfront are getting theirs deducted from capital which is wrong.

Laws should not be retroactive. I wish we have people who can take up the government on this in court.

The truth is, the 10-year (2012 - 2022) tax holiday on withholding tax (WHT) on interest from Tbills and such instruments ended in 2022. I'm really surprised that even institutions are just implementing this now because the law is not new.