₦airaland Forum

But why can't this annoying deduction be made at the time of investment. Tampering with one's capital long after using the profit is back setting



[quote author=SolomonGrundy depost=139979048]Yes, withholding tax will be deducted at maturity of the investment.[/quote]

Risingcash94:
But why can't this annoying deduction be made at the time of investment. Tampering with one's capital long after using the profit is back setting

Won't be possible, since they're acting according to the law. What I do is, i just deduct it myself and then leave it in the account before taking out the interest.

skydiver01:
15 July.

not every 2 weeks again?

Hmm omo mtcheew

SolomonGrundy:
Won't be possible, since they're acting according to the law. What I do is, i just deduct it myself and then leave it in the account before taking out the interest.

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Can I invest in Stanbic Or GTB Treasury Bills from the UK?

Do I have to physically go inside the bank to fill out a form for treasury bills.

Please is there anybody who knows about this? I want to do the 91 day tenor.

Thanks in advance

astuto:
Can I invest in Stanbic Or GTB Treasury Bills from the UK?

Do I have to physically go inside the bank to fill out a form for treasury bills.

Please is there anybody who knows about this? I want to do the 91 day tenor.

Thanks in advance

For Stanbic, barring any technical issues, you can via BlueNest. For example, at the moment, they have an offer for 332 days.

UncleJudax:
For Stanbic, barring any technical issues, you can via BlueNest. For example, at the moment, they have an offer for 332 days.

Thanks but you see, that's the issue.

I am going for the 91-day tenor like I said earlier.

I know of Blunest already but it doesn't have the 91-day tenor which I want.

UncleJudax:
For Stanbic, barring any technical issues, you can via BlueNest. For example, at the moment, they have an offer for 332 days.

Let him/her try and see. The technical issues with Blunest in that aspect can be very strong sometimes. About a month ago, I transferred money to my Stanbic Blunest wallet for a TB advert I got from them via mail. After sending money to them, I tried to invest for about 10 days or so that it was available to no avail. Every time I try, after completing the process I will be told that it seems the network is bad from their side that I should try again and I will do that to no avail then I got tired and removed my funds. The next day I removed it, I got the attached message.


He/she can also send them a mail so long as he/she operate an account with both of them, letting them know that he is in a location where there is no branch right now (Not necessarily telling them the exact location) but what to invest. They will reply him on what to do.

astuto:
Can I invest in Stanbic Or GTB Treasury Bills from the UK?

Do I have to physically go inside the bank to fill out a form for treasury bills.

Please is there anybody who knows about this? I want to do the 91 day tenor.

Thanks in advance

For GTB

It is very easy, send a written instruction via mail to your account officer for the bid.

After successful bid, request for your investment certificate.

That's all

freeman67:
Let him/her try and see. The technical issues with Blunest in that aspect can be very strong sometimes. About a month ago, I transferred money to my Stanbic Blunest wallet for a TB advert I got from them via mail. After sending money to them, I tried to invest for about 10 days or so that it was available to no avail. Every time I try, after completing the process I will be told that it seems the network is bad from their side that I should try again and I will do that to no avail then I got tired and removed my funds. The next day I removed it, I got the attached message.


He/she can also send them a mail so long as he/she operate an account with both of them, letting them know that he is in a location where there is no branch right now (Not necessarily telling them the exact location) but what to invest. They will reply him on what to do.

Stabic and technical issues are 5 & 6. And for big bank, that's unfortunate. I was surprised the web app has improved, some months ago, any action button click was snail-slow.

Someome of these banks want diaspora investors but are not diaspora-friendly.

astuto:
Thanks but you see, that's the issue.

I am going for the 91-day tenor like I said earlier.

I know of Blunest already but it doesn't have the 91-day tenor which I want.

A physical branch visit may be required. Email or call them.

Good luck

UncleJudax:
A physical branch visit may be required. Email or call them.

Good luck

No necessary
For GTB thou, I'm very sure of that

Please when is the next TB bidding date either secondary or primary for 91 days ?
Is the rate the same across all banks ?

UncleJudax:
A Stanbic IBTC T-Bills offer shows a management fee of about 1% but no withholding tax (WHT) stated.

The value shown/estimated at maturity is also without additional deductions.

Is WHT and/or additional deductions expected at some point?

WHT is statutory deduction. Still confirm from Stanbic

SolomonGrundy:
Won't be possible, since they're acting according to the law. What I do is, i just deduct it myself and then leave it in the account before taking out the interest.

It's very possible at the point of interest payment. They can easily deduct the 10% from the interest

astuto:
Thanks but you see, that's the issue.

I am going for the 91-day tenor like I said earlier.

I know of Blunest already but it doesn't have the 91-day tenor which I want.

We can discuss

chelseamann:
Please when is the next TB bidding date either secondary or primary for 91 days ?
Is the rate the same across all banks ?

Secondary is every work day(Monday - Friday), the next primary should be this week also.

Though one was held last week

DFPS:
not every 2 weeks again?

It depends on the calender.

It can be done every two weeks or week

Odunharry:
Secondary is every work day(Monday - Friday), the next primary should be this week also.

Though one was held last week

thanks

Odunharry:
It's very possible at the point of interest payment. They can easily deduct the 10% from the interest

Yeah, they can if they want to but they won't do it.

Odunharry:
WHT is statutory deduction. Still confirm from Stanbic

I kinda have...WHT is charged at maturity.

UncleJudax:
I kinda have...WHT is charged at maturity.

It can be taken upfront also. If you are charged twice, biko ask for reversal for one

investing from abroad is a massive headache. platforms like stanbic or gtb are hit-or-miss at best, and their constant tech issues are a total joke. forget the web portals—just mail ur account officer directly with ur instructions; it’s way more reliable than dealin' with their buggy interface. when the banking system is this clunky, manual intervention is the only way to get shit done.

Please, when is the next Nigerian Treasury Bills primary auction?

Tomorrow.

DFPS:
Please, when is the next Nigerian Treasury Bills primary auction?

qqq

Odunharry:
It can be taken upfront also. If you are charged twice, biko ask for reversal for one

They only show their management fee on the demo. I want to believe they only take it at maturity.

Yesterday's NTB Auction Results.
Wow N2.87trn bid on the long end. I am beginning to think the N5.8trn planned for this quarter's issue programme will get hoovered up with stable or lower yields

astuto:
Can I invest in Stanbic Or GTB Treasury Bills from the UK?

Do I have to physically go inside the bank to fill out a form for treasury bills.

Please is there anybody who knows about this? I want to do the 91 day tenor.

Thanks in advance

For stanbic just fill indemnity form and send an email to your account manager. He/she will advise on other details to be contained on your email.

You can buy from the secondary or primary market

July's FGN Bond Auction offer.

skydiver01:
July's FGN Bond Auction offer.

Wetin happen to 2-3 years?