₦airaland Forum

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.

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

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

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

freeman67:
It's finally been paid ooo.

freeman67:
It's finally been paid ooo.

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.

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

Jeoma2024:
.

Great

Thank you very much

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

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

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 ,

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

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.

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

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.

Fynebouy:
Thank you very much. Actually they did not provide the proof of investment hence the confusion. She will ask for it.

Another question please: is there 30 days TB?

Fynebouy:
Hello please can anyone help me. My partner invested in TB through firstbank. Asked that the interest be paid upfront and reinvested. The receipt from FBN states only the original sum and nothing abour the interest or its reinvestment. She has been trying to get information on this interest but nothing is yielding. How should she address this with the bank?

Grateful for someone to provide clarity
please

digitalinvestor:
Hello Nairalander,

Has anyone invested with DLM Capital Group Limited before, and what was the experience?

DLM group is in the market to raise ₦5 Billion Series 1 (Tranche A and Tranche B) Commercial Papers (CP) Notes under its ₦20 Billion CP Issuance Programme.
180 days discount rate of 24.6028% yields 28%, and 270 days discount rate of 25.2173% yields 31%

The Group is rated ‘A1’ (Short-Term) by DataPro, and ‘A3’ (Short-Term) by GCR Ratings

Bennycollins:
Hi esteemed forumites.
I need help from those that know.
Zenith bank subscribed me for 340+ days Tbills at the rate of about 19+ % . I had chosen 22% rate in the form with instructions that any thing less should not be accepted to me, but the did everything without consulting me.
So I applied that the investment be cancelled.and the have kept back 309k as penalty, according to the Operations Head. Principal amount was 10m and 1703000 had been credited as upfront.
How do I handle this, as 300k is too much for me to lose like that.
Thanks

jabolo:
Thanks for this useful feedback. Could you please share when the Afrinvest intervention took place as I would like to take it up with them.

They were original bookrunners on the bond and, as I recall, one of the security instruments with this bond was a legally constituted charge on accounts related to the Ondo state allocations from the FGN, and was blessed by the State legislature. Don't want to be flippant but it shouldn't matter whether the Governor died or lived on. So the bond was not really unsecured.

If this arrangement failed then it has implications for similar arrangements elsewhere and must be publicized widely.


On this particular bond, yes it is unsecured, but you rely on the Aa rating from Agusto in making the investment decision.

emmasoft:
@Gadgetking this is an issue of funds identification, most likely your e-account number was not captured.
To resolve this, send your evidence of payment to customer care, you can also follow up with a call. Going forward any deposit you make and it goes beyond 24hrs to reflect in your account, and it's not weekend, kindly send evidence of payment.

Happy new year bro,

I did 1m to coronation yesterday but yet to reflect on app.

For me, I don't use third party when it comes to mutual funds since I can open account directly with the fund manager.
Please I'm not saying Cowrywise is not legit.

Thank you.