₦airaland Forum

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

Creditalerts:
how many percent?

yungestmoney:
Hello House,
Does SEC now charge 0.25% on NTB interest?
This is what I got from GTFund managers

Odunharry:
My first time hearing this.
I know investment One don't charge any fee. The only deduction is 10% WHT which is statutory.

I don't know if they have changed though

yungestmoney:
I'm going to try another investment house, I pray it better be a general issue.
With their poor NTB rates, they'll not allow one breath with charges.

yungestmoney:
Hello House,
Does SEC now charge 0.25% on NTB interest?
This is what I got from GTFund managers

Ugmama:
Hello guys

What is the best advice for this man.

He has about some pounds to invest in something like mutual fund or treasure bill.

He wants to get 10m naira every year from this investment.

What’s the safe options for him?

For example investing 100m to get 10m yearly is not bad.

Ugmama:
Hello guys

What is the best advice for this man.

He has about some pounds to invest in something like mutual fund or treasure bill.

He wants to get 10m naira every year from this investment.

What’s the safe options for him?


Treasury bills at 18% on 100m will give him minimum of 16m considering charges then his target of 10m will be exceeded while he further invest 6m in any other investment if not same Tbills.

For example investing 100m to get 10m yearly is not bad.

Odunharry:
Ask questions before you do anything.

Maybe they are learning from the Banks. Lol

yungestmoney:
I've been using GT fund managers for a while now & haven't experienced the "SEC charge" before, so it's strange to me.

Another thing I noticed is their rate for the January 7, 2026 auction which was @ 17% against the 18%+ rate we saw from the result.

yungestmoney:
Hello House,
Does SEC now charge 0.25% on NTB interest?
This is what I got from GTFund managers

Odunharry:
I know banks charges other fees. The Sec fee is new to me honestly.

skydiver01:
Some may be interested in this

Odunharry:
10year 22.6% abi na my eyes

welzyj2:
See the tenure na
Na bond

welzyj2:
Once my current Treasury Bill matures, anno do again except una reverse this una WHT law and make secondary rate more lucrative

aieromon:
https://sec.gov.ng/for-investors/keep-track-of-circulars/circular-to-all-registered-fundportfolio-managers-on-annual-regulatory-and-supervision-fees/

Odunharry:
10year 22.6% abi na my eyes

skydiver01:
Your eyes are seeing correctly. The bonds were originally issued at those rates. However, the yield that clears the reopening auctions will be different. They would be similar to current yields in the secondary market, i.e. not the coupon rate. One benefit is it does not attract WHT. That's why I said 'some may be interested'

enque:
Since 10M annually as returns is fine for him, he can split the 100M into 50M each.
Put 50M in tbills at say '17%' for 36-something days and he'll get around 8M+ish.

Invest the remaining 50M in money market for monthly returns. Rates are not fixed, but I believe by end of year he would have made a minimum of 10M combined from both investments.

enque:
Osubirileeee

meetchandus:
Please I am looking to invest in mutual funds.Please I will appreciate any suggestions on the banks to visit.Thanks

specbuzy:
Good day all.

I subscribed to the 364 day Treasury Bill last year and my money was released today but a 10% WHT was applied to it. Should this be so considering that the money was invested last year.

P.S: This was my first time using first bank. I normally use Zenith and they don't remove WHT

lastmessenger:
do you mean 10% on the amount invested ?

enque:
Cc Emmasoft