₦airaland Forum

Exactly cuz the tax dey chop the whole thing. And if they must then it should be reduced to even less than 5% especially for investors of certain financial bracket

Nakedman:
Lol. Then they should exempt taxation to encourage investors. That tax too worry

364@17%
First bank
08) 01/2026.

I wish us luck

Secondary market?

RayRay06677:
364@17%
First bank
08) 01/2026.

I wish us luck

Oyibopepe2000:
Secondary market?

Yes, fallout of yesterday's bidding

Anyone here had a successful bid for yesterday's primary auction?

Ok thanks

RayRay06677:
Yes, fallout of yesterday's bidding

Nakedman:
Lol. Then they should exempt taxation to encourage investors. That tax too worry

Yes. I don't know why they will charge tax for they borrow from investors.

IMHO, tbills should also be tax exempt.

When Firs gave the notice for all institutions to deduct the WHT, Subscription declined in the following auctions. Now we are seeing increase in rate and subscription.

RayRay06677:
364@17%
First bank
08) 01/2026.

I wish us luck

This one low oo. I rather go do fixed deposit shorter tenure and get higher rate

Odunharry:
This one low oo. I rather go do fixed deposit shorter tenure and get higher rate

what rate am i going to get for fixed deposit please for 364 days?

petux:
what rate am i going to get for fixed deposit please for 364 days?

My earlier post was deleted again by anti spam bot.

Pls see my sig. Let's discuss further

RayRay06677:
364@17%
First bank
08) 01/2026.

I wish us luck

I got same today. 363 @17% FBN. Secondary market

Abeg is the withholding tax applicable on matured TBills. I just got debited by Stanbic ibtc on a matured tenure?

vazsily:
Abeg is the withholding tax applicable on matured TBills. I just got debited by Stanbic ibtc on a matured tenure?

If they didn't debit you initially, yes, they can debit you.

But if you have been debited before now, please reach out to stanbic

Many people at my first bank branch today complaining about tax deductions from their matured treasurybill, they weren't aware of it so the uproar in the manager office was so loud. Imaging paying a tax of up to 2.4m of money you've long spent i heard from the crowd.

I hope mutual funds investors won't have to pay tax on accrued interest when one is ready to withdraw capital?

Odunharry:
If they didn't debit you initially, yes, they can debit you.

But if you have been debited before now, please reach out to stanbic

Foodempire:
Many people at my first bank branch today complaining about tax deductions from their matured treasurybill, they weren't aware of it so the uproar in the manager office was so loud. Imaging paying a tax of up to 2.4m of money you've long spent i heard from the crowd.

I hope mutual funds investors won't have to pay tax on accrued interest when one is ready to withdraw capital?

How do we know they are not already taking it since interest displayed is always net of charges.

....

Foodempire:
Many people at my first bank branch today complaining about tax deductions from their matured treasurybill, they weren't aware of it so the uproar in the manager office was so loud. Imaging paying a tax of up to 2.4m of money you've long spent i heard from the crowd.

I hope mutual funds investors won't have to pay tax on accrued interest when one is ready to withdraw capital?

All short term investments are tax. The only exception I know of his Bond/Borrowing to FG for over a year period.

Honestly that WHT deduction can be annoying. Why tax people you are borrowing from.

Akinlot:
Explains why people got 17% in the secondary market.

In coming days, Secondary market rate should adjust upward, but it won't be up to the primary market in terms of rate and tenor.
I use to like the secondary market because of its different tenure available.

For now, I dn port go FD

Odunharry:
In coming days, Secondary market rate should adjust upward, but it won't be up to the primary market in terms of rate and tenor.
I use to like the secondary market because of its different tenure available.

For now, I dn port go FD

FD is how many percent?

talk2tonie:
FD is how many percent?

I hope anti spam won't ban and hide this post.

You can get 20-21% for 6months range 10-50m(backend)
I did way lesser amount for 120 and got 19%.

Check my sig

Odunharry:
I hope anti spam won't ban and hide this post.

You can get 20-21% for 6months range 10-50m(backend)
I did way lesser amount for 120 and got 19%.

Check my sig

That's okay but as a novice, I consider so many things aside roi.

Sometimes I want all investment to mature same date, any other money I have this January will track that same maturity date so it becomes bigger next year.

I am planning retirement and not interest alone.

That's for me oooo

RayRay06677:
That's okay but as a novice, I consider so many things aside roi.

Sometimes I want all investment to mature same date, any other money I have this January will track that same maturity date so it becomes bigger next year.

I am planning retirement and not interest alone.

That's for me oooo

You can still plan or book your investment to mature around same period.


You can easily compound the one you have currently to grow it faster. Once you are retired, you can decide to structure to be collecting interest quarterly or half a year or even monthly.

Odunharry:
I hope anti spam won't ban and hide this post.

You can get 20-21% for 6months range 10-50m(backend)
I did way lesser amount for 120 and got 19%.

Check my sig

Thank you for the response.
Looks like a Microfinance bank - Unfortunately, I don’t do banking/savings/investment with Microfinance bank.

talk2tonie:
Thank you for the response.
Looks like a Microfinance bank - Unfortunately, I don’t do banking/savings/investment with Microfinance bank.

Yes I understand you. It's an MFB/Fintech

Honestly I thought I was the only one going gaga over this deducting WHT from matured investments of interests that one has long spent. Tampering with people's capital.
It's like a sadistic attempt to pull people down
Financially.
I mean it's bad enough that they're taxing us from the money borrowed from us, it's worse that the WHT rate is that high and worst that it has to be deducted at maturity from one's capital.
Or could it be a lame strategy of trying to trick people into reinvesting their interest till maturity?
Honestly this country is crazy

Foodempire:
Many people at my first bank branch today complaining about tax deductions from their matured treasurybill, they weren't aware of it so the uproar in the manager office was so loud. Imaging paying a tax of up to 2.4m of money you've long spent i heard from the crowd.

I hope mutual funds investors won't have to pay tax on accrued interest when one is ready to withdraw capital?

Na wa oh

Oyibopepe2000:
Honestly I thought I was the only one going gaga over this deducting WHT from matured investments of interests that one has long spent. Tampering with people's capital.
It's like a sadistic attempt to pull people down
Financially.
I mean it's bad enough that they're taxing us from the money borrowed from us, it's worse that the WHT rate is that high and worst that it has to be deducted at maturity from one's capital.
Or could it be a lame strategy of trying to trick people into reinvesting their interest till maturity?
Honestly this country is crazy

THE PLACE OF INVESTMENT OBJECTIVE IN INVESTING

The importance of having a clear investment objective before setting out to invest cannot be overemphasized.

From questions and discussions here, it is evident that many people venture into investments without a
well-defined objective. This often leads to confusion, unnecessary risk, and poor decisions.

Why is an Investment Objective Important?

Guides your choice of investment instruments
With a clear objective, you know exactly what to invest in and are less likely to follow hype or the crowd.

Determines your investment duration
Your objective helps you decide how long to stay in an investment—short, medium, or long term.

Helps define acceptable returns
It determines the rate of return you are comfortable with and the kind of advice you should seek.

Guides entry and exit decisions
Your objective helps you know when to move in, scale up, hold on, or exit an investment window.

Works hand-in-hand with risk tolerance
Apart from risk tolerance, your objective is one of the most important factors in investment decisions.
With the right objective, you understand:

- The level of risk you can tolerate

- The reason for choosing a particular operator or product

- Why you should look beyond just interest rates and take a holistic view of the investment

Determines fund management structure
Your objective will guide you on how many fund managers to engage and how to diversify your investments.

In many cases, your investment objective ultimately determines your investment choices and your returns.

I strongly advise everyone here to clearly define their investment objective, ie, the reason for investing.
It will guide you every step of the way.

Please note: TBills and investments in general are not ends in themselves; they are means to an end.
We invest for a purpose.

Happy investing.

Making money without tears is our goal!

Oyibopepe2000:
Honestly I thought I was the only one going gaga over this deducting WHT from matured investments of interests that one has long spent. Tampering with people's capital.
It's like a sadistic attempt to pull people down
Financially.
I mean it's bad enough that they're taxing us from the money borrowed from us, it's worse that the WHT rate is that high and worst that it has to be deducted at maturity from one's capital.
Or could it be a lame strategy of trying to trick people into reinvesting their interest till maturity?
Honestly this country is crazy

I don't think it's a strategy to make people collect interest at maturity.

Remember the investment has been running for a long time and it's possible tax wasn't deducted when you took interest. Though I am of the opinion WHT is suspended on Tbills just like bonds

The new directive by FIRS now NRS mandated all banks, investment house etc to start deductions.
Before now, I know few banks and investments house deduct the 10% statutory WHT, while some don't.

Any rate you are been offered now, just multiply by 0.9 to get the exact rate and amount after tax.

Like which one(s) pls?

Odunharry:
This one low oo. I rather go do fixed deposit shorter tenure and get higher rate

If you inclined to pick stocks this week.

This video should guide you



https://www.youtube.com/watch?v=n3mbudjcZwY

Jane111:
Like which one(s) pls?

Renmoney fixed deposit. It's doing above tbills currently especially for shorter tenure.