₦airaland Forum

Foodempire:
Can one decide when the new WHT can be deducted from treasurybill investment, during the transaction or after the maturity? I would prefer the later if the option is available so that I can make use of the tax fee to make more money before the maturity.

Currently GTB deduct upon maturity.

talk2tonie:
Currently GTB deduct upon maturity.

They now deduct during interest payment!

yungestmoney:
They now deduct during interest payment!

No, they deduct when interest is paid back

I think it's easier for them to deduct upon initiating the transaction, as against waiting till maturity.
WHT for all the bills and fixed investments I did in january were taken from the interest.

Foodempire:
Can one decide when the new WHT can be deducted from treasurybill investment, during the transaction or after the maturity? I would prefer the later if the option is available so that I can make use of the tax fee to make more money before the maturity.

yungestmoney:
They now deduct during interest payment!

Ok

enque:
I think it's easier for them to deduct upon initiating the transaction, as against waiting till maturity.
WHT for all the bills and fixed investments I did in january were taken from the interest.

Did you rollover your interest or get paid immediately? this might also be a factor.

roll over

Foodempire:
Did you rollover your interest or get paid immediately? this might also be a factor.

Please who has seen auction results. Kindly drop abeg

GMs:
Good afternoon all, I need an advise please, is it possible to invest in treasury bills for two months. How can one go about this. Also, what other investment is close to the rate I’d get from treasury bills. I checked FD and it’s %9 with first bank. Thank you

If you want a shorter holding period of TBills, i.e., 2 months, the secondary market is the way to go. In the primary auction, the shortest available tenor is 91 days (3 months), so you’re locked in for that period unless you sell before maturity.

I will suggest that you do MMF, which is not tenor-based. You can enter and exit at any time, which makes MMF very flexible.
The only real consideration is the early-exit penalty:
Exit within 30 days, lose 20% of accrued interest
Stay beyond 30 days (e.g., 2 months), no penalty, nothing to lose.

Click the second link in my signature to open MMF account with Norrenberger Asset management.

GMs:
Good afternoon all, I need an advise please, is it possible to invest in treasury bills for two months. How can one go about this. Also, what other investment is close to the rate I’d get from treasury bills. I checked FD and it’s %9 with first bank. Thank you

Request secondary market rate from your bank or investment house

talk2tonie:
Currently GTB deduct upon maturity.

I think it should be when interst in paid. If it's paid upfront, they deduct 10%, if it's at maturity, they collect the WHT at maturity

...

enque:
...

Expecting. Thank you for posting

enque:
...

Wow. Why the sharp decline in 365 rate?

Many bank's bids for that 365 days will likely fail.

Odunharry:
I think it should be when interst in paid. If it's paid upfront, they deduct 10%, if it's at maturity, they collect the WHT at maturity

Okay.
Thank you.

Grupo:
Wow. Why the sharp decline in 365 rate?

Many bank's bids for that 365 days will likely fail.

I can sight massive over subscription.

Too much money chasing few goods, price of goods must go up.

But in this case, price of goods which is interest/discount rate will do the opposite which is go down.

RayRay06677:
I can sight massive over subscription.

Too much money chasing few goods, price of goods must go up.

Stockhunter:
But in this case, price of goods which is interest/discount rate will do the opposite which is go down.

It now cost more to have same "interest" because demand is high.

I invested in TB last year, October 3, 2025 and was paid my interest same day after some tax were deducted as well. Today, February 5, 2026, GTB paid me back my invested capital and deducted WHT of 65,000 naira from my capital (principal). WHT policy of firs took effect from October 28, 2025 and how come an investment that was done before October 28, 2025 will now be affected by the new WHT policy of firs that took effect from October 28, 25. It is like saying all my past transactions above 10,000 should be taxed with new stamp duty tax of 50 naira per transaction under the new tax law of Tinubu regime. This action of GTB is illegal and criminal. Any TB that was done before the commencement of firs new WHT policy should be clearly exempted from WHT. Every y affected person should please keep reporting this illegal, fraudulent and criminal act of GTB to

www.reportgov.ng

helpdesk@nrs.gov.ng

www.nrs.gov.ng/page/withholding-tax

Megiserv:
I invested in TB last year, October 3, 2025 and was paid my interest same day after some tax were deducted as well. Today, February 5, 2026, GTB paid me back my invested capital and deducted WHT of 65,000 naira from my capital (principal). WHT policy of firs took effect from October 28, 2025 and how come an investment that was done before October 28, 2025 will now be affected by the new WHT policy of firs that took effect from October 28, 25. It is like saying all my past transactions above 10,000 should be taxed with new stamp duty tax of 50 naira per transaction under the new tax law of Tinubu regime. This action of GTB is illegal and criminal. Any TB that was done before the commencement of firs new WHT policy should be clearly exempted from WHT. Every y affected person should please keep reporting this illegal, fraudulent and criminal act of GTB to

www.reportgov.ng

helpdesk@nrs.gov.ng

www.nrs.gov.ng/page/withholding-tax

Banks are thieves... always looking for opportunity to pilfer funds kept in their custody

Grupo:
Wow. Why the sharp decline in 365 rate?

Many bank's bids for that 365 days will likely fail.

365 days tenure for Stanbic failed.

sammily:
365 days tenure for Stanbic failed.

Just like I predicted.

Their 182 days went through.

ukay2:
I did my Zenith bank Shares Certificate Dematerilization online with Veritas Registrar....quite easy with your stockbroke....this was about 2010.....all processes were done within 3weeks and my dividends of 10years paid in one day.

It's just being guided by the registrar and the stockbroker.....

Good morning. I know this has been long. Could you kindly help me with the broker you used and all the process, including how you filled the forms. I'm trying to dematerialize my Zenith share too. I've tried several brokers and the application keeps bouncing back over one issue or another. I'm just tired

The FGN 2035 (10yr Re-opening) Primary Bond Auction closed at 18.43% (original issue coupon 22.6%) and my bid was successful Payment was made on the settlement date 28 January including accrued interest to 28 January. The coupon due on 29 January dropped on 2 February

Odunharry:
Yea I know.. Sky is a bond man.

skydiver01:
The FGN 2035 (10yr Re-opening) Primary Bond Auction closed at 18.43% (original issue coupon 22.6%) and my bid was successful Payment was made on the settlement date 28 January including accrued interest to 28 January. The coupon due on 29 January dropped on 2 February

Omo see coupon and why is fee high 250k .

Boss biko explain the closing at 18.43% 10year bond when it was reopened at 22.6%

sammily:
365 days tenure for Stanbic failed.

What rate did you give them. I know DMO will reduce rate slightly seeing the number of subscription far way above offer. People wants to lock in on rate early this year cos we might see decline in rate as the year goes

Re: the fee. Na so I see am oooo. Wetin I for do? Personally, I don't think it is high. It is 0.41% of the subscription investment and I am ok with it. Anyway, re: the 18.43%. The bond was originally issued at 22.6% but was trading on the secondary market at the time of the re-opening auction at c17.5% yield. So the primary re-opening auction which closed at 18.43% was still marginally more attractive than the secondary market. 18.43% was the marginal rate that cleared the auction amount offered. It is not a 'new issue' auction but a re-opening auction of an existing bond whose rate was already set when originally issued and is trading on the secondary market.
Hope the explanation helps

Odunharry:
Omo see coupon and why is fee high 250k .

Boss biko explain the closing at 18.43% 10year bond when it was reopened at 22.6%

skydiver01:
Re: the fee. Na so I see am oooo. Wetin I for do? Personally, I don't think it is high. It is 0.41% of the subscription investment and I am ok with it. Anyway, re: the 18.43%. The bond was originally issued at 22.6% but was trading on the secondary market at the time of the re-opening auction at c17.5% yield. So the primary re-opening auction which closed at 18.43% was still marginally more attractive than the secondary market. 18.43% was the marginal rate that cleared the auction amount offered. It is not a 'new issue' auction but a re-opening auction of an existing bond whose rate was already set when originally issued and is trading on the secondary market.
Hope the explanation helps

Yes it helps. Thank you for clarification

Megiserv:
I invested in TB last year, October 3, 2025 and was paid my interest same day after some tax were deducted as well. Today, February 5, 2026, GTB paid me back my invested capital and deducted WHT of 65,000 naira from my capital (principal). WHT policy of firs took effect from October 28, 2025 and how come an investment that was done before October 28, 2025 will now be affected by the new WHT policy of firs that took effect from October 28, 25. It is like saying all my past transactions above 10,000 should be taxed with new stamp duty tax of 50 naira per transaction under the new tax law of Tinubu regime. This action of GTB is illegal and criminal. Any TB that was done before the commencement of firs new WHT policy should be clearly exempted from WHT. Every y affected person should please keep reporting this illegal, fraudulent and criminal act of GTB to

www.reportgov.ng

helpdesk@nrs.gov.ng

www.nrs.gov.ng/page/withholding-tax

I understand your plight but it seems you left here or stop snoozing around the investment for a while so you didn't get to read when people were complaining earlier.

While it is bad for GTB not to have deducted WHT from your account because it was not in your contract (Stated in your proof of investment), it's good to understand that the WHT did not just start with the new tax law. It has been in existence but was given holiday for some years and the holiday expire earlier like 2-3 years ago, I am not sure again.

Some other financial institutions started collecting WHT from me since 2023. It's banks that started collecting from last year.

RayRay06677:
It now cost more to have same "interest" because demand is high.

Ok

Waooooooo, that's amazing

0Brien:
Good morning. I know this has been long. Could you kindly help me with the broker you used and all the process, including how you filled the forms. I'm trying to dematerialize my Zenith share too. I've tried several brokers and the application keeps bouncing back over one issue or another. I'm just tired

0Brien:
Good morning. I know this has been long. Could you kindly help me with the broker you used and all the process, including how you filled the forms. I'm trying to dematerialize my Zenith share too. I've tried several brokers and the application keeps bouncing back over one issue or another. I'm just tired

Hi. Have you tried APEL( Stockbrokers and Registrar)? It has been in the business for long.... Unless you have already tried them b4.