awesomeJ:

The next auction after April 12 is May 10, that's if you must buy at the primary market. The available bonds for this quarter are 14.50 FGN JUL 2021, 16.2884 FGN MAR 2027, and FGN APR 2037. You will choose whichever of these 3 you want. They will all be reopening bonds after Apr 12. Each bond is referenced by the names listed above.

babakess:


Your interest 8,232 is for 3 months.... Multiply it by 4 to get the annualized interest that would be 8232*4=N32,928 now divide that by ur principal amount invested.....32928/250000=0.1317. That is 13.17% ...Hmmmm not bad for 91days ....Very close to the rate of CBN.

detholar7:
Good morning house, been reading tru all the comments for a month now. Decided to invest 600k on tb for 182 days with stanbic, I got a debit alert of 548k..i don't understand this, please can someone enlighten me..thanks

detholar7:
Good morning house, been reading tru all the comments for a month now. Decided to invest 600k on tb for 182 days with stanbic, I got a debit alert of 548k..i don't understand this, please can someone enlighten me..thanks

Happyfellow147:
Yes, this evening from stanbic, I think about 18.3 % or so. Please what about the certificate? When can I get it

freeman67:


I think you got a very good rate with Stanbic IBTC. The deduction there is at the rate of about 17.2 which is what CBN gave as posted above by Feelamong. The remaining balance of about 62k left in your is the interest paid upfront for your borrowing to government for 182. In 182 days time(@ maturity) your whole 600k will be credited back to your account.

detholar7:
Thanks bro, think it's a like 8.7% from my calculations though cos it's 51,459 that's left except dey are paying another interest. Might just try and reach dem later sha.. Thanks

unite4real:


Please don't go bother them, else you will look down on yourself for not understanding that interest rates are per annum

jp130:
Plz wat rate did dey giv u? I didnt specify duration in my letter n i just got alert of N6681.64 on 200k investment.

Happyfellow147:
I rushed to stanbic to apply for the April 12 FGN bond, only to be told that they have no information about that except I want the savings bond. Ogas please help me out. I don't understand

detholar7:
Good morning house, been reading tru all the comments for a month now. Decided to invest 600k on tb for 182 days with stanbic, I got a debit alert of 548k..i don't understand this, please can someone enlighten me..thanks

Happyfellow147:
I rushed to stanbic to apply for the April 12 FGN bond, only to be told that they have no information about that except I want the savings bond. Ogas please help me out. I don't understand

Alikote:
u got 51 k as profit for next 6 months that 8500 monthly but a keke marwa of 600 k can generate 50 k monthly and after 6 months sold for 550 making a total 850 k aginst 650 k in ntb tbill is more sweet with huge capital millions...

NL1960:


Have you ever heard of risk free?. MMM was paying more than this your keke marwa. Don't you think it is better to go for that than keke marwa?

Alikote:
nope mmm was not and is not business he rather establish a small scale business with the 600 k thank tb that will generate 8500 monthly ..this his tb peak season some year back 364 was like 9 percent .he can open up a barbing salon,provision shop,marwa,etcit will generate more fund u can even insure the marwa @30 k peranum
he he had 6 m in tb he would have got 510,000 for 6 month that when it make sense 85 k monthly

unless he just a student learning several investment instrument

miella:
Good evening everyone, please when is the next auction date?

ekunade:
Does anyone have an idea of the current rate of stanbic mutual fund

ekunade:
Does anyone have an idea of the current rate of stanbic mutual fund

amjustme2:
Did anyone bid with First Bank during April 5 TBill Auction? Either 182 or 364 days? I want to know if I should consider using them or move my cash to IBTC against next auction in less than 2 weeks.

Thanks house!

ukay2:
I was able to secure NTB 364days today for 18.44% with stanbic ibtc bank via secondary market...

battleaxe:
Note that the minimum investment amount on FGN bonds is 50,001,000.

Not sure if the banks have found a way around that as well for their customers.

awesomeJ:


I just contacted FSDH, they confirmed the availability of the new APR 2037 bond next week, but they said you'll need an account with them to bid through them, and you need a minimum of 50 mills to open an account with them. Check out the other PDMMs here, then try contacting some of them to see who helps.