₦airaland Forum

16% for 364 days at first bank

First bank refused to invest my 4th September maturities for 3rd September primary auction.

Meanwhile, Uba were begging me to use my 4th maturity and I decline, thinking I will invest that of first bank while I use Uba maturity for other things.

Please kindly enlighten what's the right practice

Thanks

Odunharry:
Can someone confirm if there will be a Primary Market Auction this week?

In other news, Dangote Cp.

Tomorrow 3rd is primary auction.

Ivan18888888888:
What banks pays upfront , I mean for secondary market

All banks do, you will decide in the form while applying if you need upfront or you're reinvesting the interest.

So it's your call to make.

Read your students handbook or rule book, whatever it's called there.

Write to school Senate and copy deputy registrar legal affairs.

Remind them that you have no other option thean approaching a court to claim damages.

Attach all previous letters on subject matter.
Give them 2 Senate sittings and send a reminder.

If nothing changes, go to COURT.

5 years out of your life is not good. Go claim damages.

DFPS:
CBN cancelled today’s TB auction

What happened?



When is next one?

digitalinvestor:
I think huge is an understatement. Is this subscription from FPI or a local investor?

Is it confidence in the currency or interest rate that is driving this level of subscription?

I don't want to believe the notion that there is no money in this economy, especially given prevailing narratives about liquidity constraints or economic hardship. Sukuk was oversubscribed and yet to be allotted, so about #2.2trn is trapped for almost a month now. Dangote Cement CP was oversubscribed. The T-bill auction, especially the 365-day tenor, has been significantly oversubscribed for months now.

I am certain the FGN Green Bond of #50bn will be oversubscribed.

The amount of liquidity in the system is alarming! I think there’s a significant pool of idle capital seeking safe and rewarding returns.

When are we expecting the GREEN BOND ? . ..................................,...................... ......................................

I tactically refused to join that discussion.

I am here for treasury bills.
This is a pro-tbills forum.
We equally have threads for construction and properties etc, if you wish to take a deep dive into properties, please do so in the right forum.

It's insane that we will invade tbills sanctuary and start talking down on tbills.

Meanwhile, we all have our reasons for investing. Tbills fits what I want(to count billions in physical cash).

I have stated here before that it took me years to sell a twin 3 bedroom in a federal government estate for less than 10m, an investment I held ffor about a decade that returned less than a million naira in rent and a police case.

Land banking is great but must it be great for everyone? You might be that exception just like I was check well and do not allow the bandwagon effect catch up with you.

From my experience, land is not easy to sell except maybe you are a professional agent and if you are not then expect the agents to squizz you off your earnings.

I am not saying you shouldn't buy properties but I am saying don't believe if you have a surgery to undergo, you will sell that land next week and cash out.

I pray tbills remain around 20℅, go and buy your land and make all the money, we ain't competing.

Anybody with today's results. Thanks

Seun, Oya front page. Tomorrow might be your turn when you are asked to publish those nudes and you refuse.

Martialfc80:
Yes, I know. I'm just asking if email serves as certificate.

PS: I'm not the person that complained of funds not dropping upon maturity.

Ok, was thinking you same person, email from your bank is still certificate for that transaction.

Enjoy your ROI

Martialfc80:
It's my first time of doing subscribing for treasury bill but I don't know of any certificate. Does this image apply?

Maturity date is 11th of December 2025

heavenisreal18:
My T- bill matured since last week Thursday till now I haven't been credited with the principal I have reached out to bank though, should I be worried or is normal. This is the first time I am experiencing this

Share certificate, what you just explained above is unheard of.

heavenisreal18:
I have checked It didn't drop since Thursday

What does the certificate say, when is maturity date?

freeman67:
It's finally been paid ooo.

Finally confirmed, thanks for the information.

freeman67:
It's finally been paid ooo.

Thanks senior man, will check once I get home.

This info is reassuring

fash78:
I got 18.9% secondary market rate for March 12 2026 maturity date. I think it is a good rate as I don't want to waste time till the next primary market auction on April 23rd. This rate is from IBTC.

Good rate,

AFRINVEST offered 23% on their placement but no upfront.

freeman67:
Sukuk rent payments these days na wahala. Payment was due on the 13th and up till now no sign of payment.

I share in your pain, please update when payments is finally paid.

Jeoma2024:
.

Great

Thank you very much

We had bidding for 9th.

Verify information at your disposal.

droid9:
After what MBA Forex did to Nigerians, some people still invest there entire life savings in CBEX.
Tell me how Tinubu won’t win the next election

We're Nigerians, we're our problems and we don't want deliverance.

Detain as who

Police, warder, court or govt?

Nakedman:
Got 19.09% from Stanbic today. 365days. Sighs

There's no 365 days.

I guess it's for the next primary.auction as the highest you'll have on secondary market is 363

In all, 19% and above is a fair deal.

I got 18% for 363 days at first bank.

Educationalserv:
it not Theory is real life bitter Experience .
I say Land I mean Govt layout developing or develop like Yaba ,Surulere ,gabgada ,Lekki Guzape Jabi Gwarimpha where in the Street na only 1 undeveloped land Remain
Not farm Land ,

Like the ones Wike is taking over in Abuja and the structures destroyed in Lagos.

I only begged you to place the risk involved in both side by side.

As for me, whenever I want to take risk, I am deliberate about it hence the plea for you to also educate your audience of the imminent risk involved in both investment.

Educationalserv:
Investor A put in 100m @16 in 2023 when USD was 820 !(121000 USD ) At Maturity Total was 118m or( 74000 USD ) Effective Loss 47000 USD .To Reduce losses He was Advised to reinvest 118m at 21 percent By December 2025 Total Capital= 148m Or 95000 USD Loss now 27000 USD ( 50 percent off ) if Naira Remain stable .Investor A can only Recover at 4 year IF Naira Remain same

Investor B Used his 100m to buy 3 plots of land in Govt GRA Layout at 30m each = 90m( 110K USD)
Travel with 10m to the UK for MSC 2022 to 2025 Sold it for 200m (125000 USD )
He working in the UK put his 125000 USD in Dollar fund at 8 percent .
Investments in Naira for Long term is a Loss Max 6 Months

2022 - 2025 Sold the 3 Plot for 200m

You are right theoretically.

Did you consider the risk of both investment?

I personally don't have anything to do with land except I want to build a home or office.

You will get what the bank quote

State of Emergency with last supreme Court judgement still in place, how will the Administrator run the state without allocation as the budget can't be presented in this condition

Someone should help elucidate.

RayRay06677:


What else can you do that's guaranteed without being fraudulent?

Copied:


The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

lastmessenger:
una dey try o. Keeping naira for 7 years

What else can you do that's guaranteed without being fraudulent?

Copied:


The funding is a strategic investment aimed at providing Nigerian SMEs with better access to foreign exchange (forex), supporting trade, and ensuring financial stability.

The $230 million package consists of two key components – $170 million Trade Finance Line of Credit (TFLoC), a three and a half-year loan designed to provide businesses with much-needed forex liquidity, by helping Nigerian SMEs pay for essential imports and keep their operations running smoothly; and $60 million Transaction Guarantee (TG), a three-year guarantee that will protect confirming banks from the risk of non-payment on trade finance transactions.

This will enable Access Bank to offer more trade finance options to businesses without worrying about payment defaults.

The funds will be managed through separate agreements to ensure transparency and accountability: The TFLoC agreement will outline how the funds can be used, repayment conditions, and reporting requirements. It will also include environmental and social responsibility guidelines.

The Issuing Bank agreement for the TG facility will establish the responsibilities of AfDB and Access Bank, and define which transactions qualify for guarantees and how approvals will be granted.

Before funds are disbursed, the Central Bank of Nigeria (CBN) must approve the project, ensuring it complies with local forex regulations.

The funding is expected to bring several benefits to Nigeria’s economy, including: Growth of SMEs; Support for Women Entrepreneurs; and Improved Access to Imports.

nicestlady:
Please when is the upfront interest paid if you invest in the first bank secondary market? I requested that my interest should not be reinvested.

Paid same day

I saw brand new Elantra at 3.7m but now selling for 37m.

Our first class accountant has deleted the point in between 3 and 7.


What did you see between 2015 and 2025?