₦airaland Forum

feelamong:
Welcome to our World!

Clearly You have seen the Light!

Go and Sin no more!

seguntijan:
Saving money is the worst thing any visionary person can get involved with, it gets you poorer and makes the Bank, Business men and investors richer.

The Business man or investor goes to the bank to take up the money you save as loan and invest it into their business and make huge amount of profit they pay back the loan(your money), give interest (Bank profit on your sweat/money), and keep their profit.

Mind you the tax they'll deduct from their money won't be much because government needs to give investors some incentives because they're helping the economy, providing jobs while you that own the money will be tax.

The bank also will remove charges from the money you save and give you at most #50Naira out of millions they made as interest.

It can even be better if you fixed the money then you'll be entitled to about 6% of your money depending on your bank, at most they use 30% of your money to maintain the Bank staffs and building, therefore Jim Ovia and co will have 64% of your money invested to himself and family. before you know it you're helping him to maintain his private jets, his residential apartment at Abuja, Banana Island and co, you'll be helping him to send his wards to school abroad and come back to be your boss, and the chain continues.

Worst of it the money you save up should now lose its value as we're experiencing presently, mind you Jim Ovia and co has access to dollar than you the saver, so they'll trade your money off again to make more money and you'll be withdrawing worthless money again.


In summary saving is the worst thing anyone can advise you to do, you can never see the likes of Dangote, Warren Buffet saving up money, they'll rather be serving loan collected on your money (don't forget the money they paid on your money is meant for Jim Ovia and co NOT YOU).

funny enough it's LEGIT u can't sue them, so keep working under the sun and in the rain, keep working from 7am-7pm, keep taking your money to them, while they keep going to gym, club, expensive leaves on your money.


NB:- Not peculiar to Nigeria alone, and this is the reason why the RICH ARE GETTING RICHER AND THE POOR ARE GETTING POORER BECAUSE YOU'LL KEEP STRUGGLING TO SAVE MONEY

PinocchioDMZ:
13.50% for 91days
17.14% for 182days
18.70% for 365days

Note. Rates are for Primary auction.

Partnerbiz:
Feelamong et al ^^^^

asbanko:
I have found it difficult to even differentiate between Primary and Secondary bidding since the beginning of the new policy of no #50.1M, no Primary purchase of TB.

As a result of this, I have deleted Primary medium of buying TB from my investment strategies. I now buy all my TB from Secondary market at a reasonable rate over the maximum tenor available. This favours time value for money, it prevents temptation of diverting your upfront into an unproductive use, it releases high dose of dopamine into your brain and makes you happy.

One of my TB got matured today. Got full liquidation credit bank alert around 12:50pm.I Just worked into my bank around 1:30pm requesting for what rates and tenor they had. The beautiful young lady looked into the Monitor in front of her and told me, with smiles, all they had. She said; " Sir, we have 28days for 18% and 308days for 18.6% minimum and maximum tenor respectively".

I opted for 304days/18.6% since I am a fan of longer tenure/tenor with a view to having more true yield. I got debited around 3:02pm and got credited by 4:00pm , capital and upfront respectively.



ABEG WHICH BANK IS THAT

Summarily, stop wasting your time in chasing TB purchase through Primary market especially if you don't have #50.01M. Secondary market is available everyday. Just approach your bank. I'm sure, you will be guided accordingly.

Cheers!

Partnerbiz:
Feelamong et al ^^^^

silvoice:
Pls how fast do banks terminate tbills? Asked first bank to change the tenor of my investment, but it seems the did not effect the change. So I want to terminate it an repurchase longer tenor tbill. Any suggestion pls?

kwallet:
Has anyone been debited in the last auction especially from Stanbic bank?
Also, does it take till following week b4 stanbic credit customers accts.

kwallet:
Termination is done before COB on d day I.e b4 4pm. U will b required to write a letter then submit. U'l also b charged some fees.

silvoice:
ok thanks, that means it will be terminated within 24 hours. I hope the fees will not be much, cos I want to terminate 182 and go for 364 days

OakPearl:
Yes, I was debited by Stanbic IBTC on Friday.
They debit you from your principal, leaving your upfront interest behind in your account.
This means there will be no need of crediting you again.

daroseconcepts:
I am in a location where I do not have access to a bank. Can I invest in TB online?

PhilJames:
Good Morning guys

Please help, am confused here. I feel I was cheated.

I went to GTB and requested to invest 200k in TB for 91 days and I was debited 193,318. Please at what rate was the transaction?

Thanks

asbanko:
I have found it difficult to even differentiate between Primary and Secondary bidding since the beginning of the new policy of no #50.1M, no Primary purchase of TB.

As a result of this, I have deleted Primary medium of buying TB from my investment strategies. I now buy all my TB from Secondary market at a reasonable rate over the maximum tenor available. This favours time value for money, it prevents temptation of diverting your upfront into an unproductive use, it releases high dose of dopamine into your brain and makes you happy.

One of my TB got matured today. Got full liquidation credit bank alert around 12:50pm.I Just worked into my bank around 1:30pm requesting for what rates and tenor they had. The beautiful young lady looked into the Monitor in front of her and told me, with smiles, all they had. She said; " Sir, we have 28days for 18% and 308days for 18.6% minimum and maximum tenor respectively".

I opted for 304days/18.6% since I am a fan of longer tenure/tenor with a view to having more true yield. I got debited around 3:02pm and got credited by 4:00pm , capital and upfront respectively.

Summarily, stop wasting your time in chasing TB purchase through Primary market especially if you don't have #50.01M. Secondary market is available everyday. Just approach your bank. I'm sure, you will be guided accordingly.

Cheers!

MrTour:
I dont think you were cheated. The rate used in your case is 13.5% for 91 days.

PhilJames:
But other banks are offering 18% and above. 13.5% is disheartening

PhilJames:
Good Morning guys

Please help, am confused here. I feel I was cheated.

I went to GTB and requested to invest 200k in TB for 91 days and I was debited 193,318. Please at what rate was the transaction?

Thanks

unite4real:
If you do private banking, yes.

kwallet:
I haven't been debited by stanbic, could this means the bid didn't went through.