₦airaland Forum

Educationalserv:
It seems the WHT on Treasury bill has been suspended quietly due to low subscription and FX outflow .

Educationalserv:
It seems the WHT on Treasury bill has been suspended quietly due to low subscription and FX outflow .

Mentholated:
Have you been debited?

GMs:
Good morning, I’ve just come across your comment and I might have fallen for the same trick. My investment attained maturity yesterday and I reached out to my account offer to go through what the rates are and as well as re investing; he immediately responded;

His job is on the line and there is pressure to close the year well. He pleaded that I delay the investment till early next year or late December. He also mentioned Investment rates are usually lower towards the end of the year. And that he would advise that I invest the money around the end of the month or early January.

Is this a trick; He’s just been assigned as my account officer and yesterday was the first time I communicated with him.

I would appreciate if anyone is able to share their experience so I’d know what I’m getting into!

Thank you

heavenisreal18:
I was just debited today for WHT ,it matured today

talk2tonie:
GTB?

Chikebrain:
Most definitely GTB. My worries now is the fact they they may still deduct another WHT when you reinvest

Curry30:
Not only GTB other banks (infact all banks) are deducting the WHT. Access debited WHT on my matured TBills today

Chikebrain:
Most definitely GTB. My worries now is the fact they they may still deduct another WHT when you reinvest

CopyJoe:
Please can I invest in T-Bills using Stanbic IBTC Blunest or their website?

emmasoft:
FACTOR IN WHT ON TBILLS GOING FORWARD
Folks, I advise you guys to factor WHT into your gains going forward. The earlier you do this, the better, or go for alternatives so that you don't always feel disappointed. WHT has come to stay till another government policy says otherwise, just as it happened in 2012.
The WHT tax holiday ended in 2022. Let's understand this for our mental health.

My opinion, though.

Curry30:
The anyhowness of Nigeria is so shameful. My TBills matured today and I was deducted WHT. This is criminal to say the least

Oyibopepe2000:
Well not.like it might make any or even much difference. But then I think we're just too quiet about it.

Educationalserv:
ranting here doesn't change anything
Better tag the implementing agency

Curry30:
If you have the links pls be kind enough to share

GMs:
Good morning, I’ve just come across your comment and I might have fallen for the same trick. My investment attained maturity yesterday and I reached out to my account offer to go through what the rates are and as well as re investing; he immediately responded;

His job is on the line and there is pressure to close the year well. He pleaded that I delay the investment till early next year or late December. He also mentioned Investment rates are usually lower towards the end of the year. And that he would advise that I invest the money around the end of the month or early January.

Is this a trick; He’s just been assigned as my account officer and yesterday was the first time I communicated with him.

I would appreciate if anyone is able to share their experience so I’d know what I’m getting into!

Thank you

Chikebrain:
Yea
I think someone said they invested recently and wht wasn't deducted

heavenisreal18:
Pls how are you investing in Treasury bill with Stanbic the link they gave me at the bank then is not going through again, can I use blunest or will have to visit the bank

heavenisreal18:
Stanbic will deduct their WHT at maturity

Pls how did you invest in Treasury bill, with Stanbic.did you visit the bank ,I have been using their link before but the link is not going through again

vanvickie:
They said they are having a downtime on the link, so u can send a mail to their CC and copy ur account officer. However, ur account officer can initiate it for u at branch level, or u can visit any branch.

bassdow:
Yes you could do it via blueNest

if not registered, then first go to https://www.stanbicibtcfundsmanagement.com/invest-now-l8yyj3l8 and register.

Then go to this page https://blunest.stanbicibtcassetmanagement.com/explore/treasury-bills/ and invest.
Thank you

But mind you, it's not always available so you would have to check it out especially Modays to Thursdays.

if you 're investing up to 50-million naira and above, would pay you to do so via the Primary market so as to enjoy better rates though the secondary markets is more available

Odunharry:
Yes it's possible. Have you collected interest? Note that you won't get face value since you didn't wait till maturity

thebaft:
Is there another primary auction this week?

fannybaby:
.

Good afternoon sir, please do you know how many percent they will take from the face value