₦airaland Forum

ImperialCovfefe:
The rate on the SIBTC dollar fund is calculated a bit differently (in comparison with a money market fund). You don't have an annualised yield that accrues daily. Instead, you get appreciation in the fund's net asset value (NAV) and a yearly dividend payout, just like equities.

That said, the annualised total return (NAV + distribution paid out in April) as at today is ~ 6.64%. In general, you should expect c. 6-7% annually.

You need to complete a separate application to sign up for the dollar fund. Additionally, there is a minimum 6-month holding period and online redemptions are not allowed.

Hope this helps.

wow!
thank you very much Sir.

LAUGH WAN KEE ME DIE O!
kikikikiki...
am sure the organizers and attendants mostly support this government!
lmao!

seguno2:
Why should anyone fight for you? What is the motivation that they have to fight your fight? Did you give them anything? Have you promised them a reward? And are you credible enough to guarantee delivery of the reward on performance?
In short, do you know what you are talking about

no i don't know. Oya tell me what am talking about abeg.

Kkings11:
Yeah we know.

But how much una steal B4 independence

"before" ?
they are still stealing from us till tomororrow seff.

ask them who is stealing the over 150k barrels of crude oil from our pipelines &
who is buying it ?

na dem!

We know!
but who will fight for us: the SENATORS , GOVERNORS, PRESIDENTS or perm SECS
that are all assisting the looters just because they are given crumbs?? e.g: T.Y. D......ma

Pavore9:
Banned for years.

ok good! thank you

Pavore9... Do you know that Peeo account is still active?
Can you not shut it down?
She is just sneaking around at night in here... Lol
Integrity is more valuable than money. Donparosky keep the faith.

aremso:
Just left MBA forex PH office! Tempted to test their water hope I will not burn my fingers oo. They lady over assured me that my money is safe that they are not ponzi that they have offices not only in pH. God pls guide me ooo I can't afford to loose a dime again oo

if you have not done it..
Better wait till February..
Let's see if they can survive through this season (remember HMMM crashed in this season after paying through out the year lol... )

Havilahdream:
I invested on the 17th of July and I got my first ROI on the 17th of August (even though it was on a Saturday). I quickly did a top up and I'm expecting another on the 17th. MBA is real and they are here to stay.

don't be too sure O..

When did they start?

Let's wait and see if they can survive till February 2020

olujaidi:
It's prorated. 324 days not the full tenor

oh sorry... My bad... I didn't see the "2" initially... #Curvinus

SteveOfu:
So, say am investing 100k Commission: 0.125%=12,500
Custody Fee: 0.10% per transaction (per investment)=10,000
Transaction Fee: N100.00 per transaction (per investment)=100
VAT= 630 Total=N23,230 What do I stand to gain then?

you are almost correct.
Just that the calculations above are not done On the capital But on the interest you earn.
100000 @ 12% = 12000 interest.. Then you calculate those charges on that 12k.

freeman67:
All these things sometimes do not need as much stress as this.

1. You can move your money to other bank quietly and do the TB there transfer charge is N52.5. Just make sure you visit the bank to know if they have your desired rate/tenure before the transfer.

2. However, if you do not have another account or you insist on doing it with them then just before you go out to the bank or while in the bank that morning you can call their customers service to verify what is available on ( 01 422 0003). That call will go to their Head Office Customer Service though like normal CS it be giving you options till you select to speak with an agent so you may spend a little on call. I'd an agent pick tell them what you want then if you are satisfied with any option tell you had to call them because nobody wants to treat your request in the branch you are... You will see what will happen.

3. Also, if you insist on investing with Stanbic or you do not have another account, you can go on their main twitter handle post your complaint there if you use twitter. Just explain how hectic investing in TB is in the branch you went and how many time you went there. They will ask you to send a Direct Message to them and explain the details.

Good luck.

Kai.. No 2 & 3 na query O! Even sack!
Stanbic go vex ghan!

Curvinus:
I tried to bid for Treasury Bills at Access Bank for their 324 days tenor with a 12 percent discount rate, but their N18,000 custodian fee put me off instantly. The upfront payment was about 620k and the principal is N6m. Is this a good deal?

The charge is 2.9%...
(Fbn charged me 2.1% total last week)

Are you sure you saw that 18k is for only custodian fee?
Or it's total charges?

Try it again and if it's same.. Better port to another bank O

eddie7:
What's the reliability rate of other service providers

enque:
Fidelity bank had 12.6% for 330 days as at monday

First bank ain't that reliable jorr

Sent someone to do bills since 26th of last month.
They are still telling her that there is no tenure longer than 100+ @11.8%

Lol my branch showed me that 330 days and they said they can't see it!

She has opened ibtc account!

Enque..
Their minimum investment is 1m... And Their rates don't beat ibtc...


Soon ibtc will dust all Nigerian bank in Investment capital

I got 11% for 108 days at first bank yesterday. # Saw 12% for 330 days.. Meanwhile, another branch was saying nothing like that was available

I can't wait to move to ibtc Fbn is too greedy

yourstruly5:
pls Sir, can u shed more light on the P.S(I mean run from MBA) Thanks

not here... There is a thread for that...

Generally, giving other people your money to invest is risky.
In Nigeria, it is ten times more risky than!
Why?
There is a very poor judicial system.

Beware of people asking you to give money to invest for you.

Dunkofia20:
Thanks bro another questions pls, I did 900k in IBTC BANK IN their secondary market for 6 months at 13.5 percent and I want to terminate it too what is the penalty for the termination and how many days will it take before I get the money

not enough info...

But be sure off like 10% of the profit going as charge.

1-2 days refund period...

I wish I can buy this one off you! Too sweet O!

Dunkofia20:
Hello bro what your say on this Hello guys,pls I need your advice is very urgent I did primary market TB 1 million in first bank it will mature by January next year,but one opportunity came out now I need the money this week.what can I do to get the money back?and how many days will it take for them to send the money to me? And what is there penalty charge like? The percentage is 10.5% for 6 months
(Modify) (Quote

you got about 55k interest, right?
You have held it for only about 60 days

Expect at least 40k to be deducted from your 1million when you get it.

So you get, 960k give or take 10k for fine.

Go tomorrow.. Should get alert before Friday (first bank mumu things)

Good luck and do let us know how it worked in the end.

P. S: I HOPE THE "OPPORTUNITY" is not MBA O!!!!
RUN O

lilwetdick:
i dont believe in that

for men it is better to marry someone you can mode and tame to the woman you want

believe me, you dont want a wild horse in your house

My age mate are untamable so i better go for someone fresh and young.

even 5-6 years younger would treat the man like her mate!

Marry like 10 years or more younger..

But not under 23 Years girls O!

foolbuster:
Someone is owing 1m lone and the court is asking for 250k bail this justice system sef.

they know she is at fault naa...

BTW.. It's 250+ (250+250 for two sureties in like sum) =750k

Very smart judge! She will pay 750k to court or stay there till December Make her brain reset small..

Lolzzz!
Now who would be so stupid as to surety this beach?? And get paid back 250k "in kind"

Make mercy No win O.. I Wan hear say Tacha Commit... Lolzzz

Mike is already a multi Millionaire at this game.. Even if he is evicted now.. He has cool millions already

Tomorrow I shall seek 60 days tenor.. As Cbn seeking funding for long-term.. 1 year rate must rise by year end "I hope"

DigitalMallam:
I'll advice you to do your due diligent with your bank before investing, it's not cheap to maintain $ account. You deposit money, you are charged commission, you withdraw same charge applies, you withdraw penalty applies, even when you receive or send money online you incur charges. At the end of the day, IF Naira is not badly depreciated, you might end up losing sizable part of your money.
Below is the current rate

now is it yield or yield at issue that I will get?

.. After doing the math... @7.63 for 2025
And considering charges of like 3-5%
It's not worth the stress... Except dollar reaches N450-500

I will stick to Tbills and start a business now... Stock goods...

If dollar rises.. The goods may double in price.
That will make me more money too.. Eh.. Lol

Scratch that

Hallenjay:
hi
Pls kindly advice me on ds.
I make some deposit to my stanbic account and try to get d form tru mail but none of the customer reply, den I went to d bank the next day to pick a tbill form for stanbic, the staffs was just pushing from one to the other ,from teller to customer care to another person again... Las las the customer section called me bak dat der is no tbill by this hour dat t... come the next day.
I got pissed off and request to close my account, they start anoda go here go here again because it was Friday and I've a meeting to attend, I left the bank and go home.
Now my question is do stanbic actually have times they auction der secondary rate and if I want to close my account, will I be able to cash out all my money without charges considering am closing it.

friday is always dicey.

go before 10 am monday
seek out tbills officer 1st.

use the account, they have best rates,

you can also go to another branch.

DigitalMallam:
I'll advice you to do your due diligent with your bank before investing, it's not cheap to maintain $ account. You deposit money, you are charged commission, you withdraw same charge applies, you withdraw penalty applies, even when you receive or send money online you incur charges. At the end of the day, IF Naira is not badly depreciated, you might end up losing sizable part of your money.
Below is the current rate

ok thank you Sir.

Witches:

kai.. Exactly that one on the left!

Congratulations Sir!