₦airaland Forum

legacystore:
If they are safe and secured by esp SEC they are the best in the country currently, considering they have been around since 2017 without going down.

Yes, the interest rate is really mouth watering, considering tbills rates are declining presently.

I think I'll give it a try.

Hi guys,

Please which bank is more reliable for primary market between FIRST BANK, UBA and STANBIC IBTC.

I heard some banks are notorious for failed bills.

Tnks...

koreanlord:
Upfront interest : 3,723,111.38 ( received)
Principal: N20000000
Rate: 18.8%
Tenor: 364 days

Guys, the above was the details I got from my bank yesterday...

Please, I hope this rate is not secondary market oooo? Cos I am still confused as to how they came about that figure for upfront interest....

Someone please enlighten me...

Good morning,
Pls which bank is this?

Kindheartedd:
I did with my bank, I am in Diapora.

all I did was email my account officer.

I just sent a written instruction and it was done the same day.

Your account officer will communicate the time for which you must send in your instructions, handwritten instructions via email.

Which bank do you use please?

freeman67:
I don't know why they designed it that way. However, it's simple Just calculate it yourself and remove what's to be the upfront.

Personally I like it that way. It's a form of reinvestment of interest with the investment and it will make you get exact yield.

Yes, so this means the 20.5% discounted rate shown on the website will have a true yield of approximately 25%.


Also, everything is calculated automatically on the website once you input the amount you are investing. However, I noticed their management fees/charges is on the high side (compared to other banks like UBA I've used for TBILLS before.)

Natbrowny:
Tuface is even d victim here o

If Annie was d person dat dropped d news, anty toke for clap for her saying it's long overdue.

And dat fake assed OAP has been and is still been smashed by young blood in Lagos, UK and US. Some at zero cost, some for a fee.

Her oloshoim is on PhD level at the moment. She's game for oloshoim and talking trash that's not her business.

You've said what I had in mind.

We r all criticising 'THE TIMING' simply because it was 2FACE dat dropped the news, if it were the other way around, we wouldn't be saying TIMING IS EVERYTHING, ETC. In fact, we would have praised Annie for doing that.

Will Annie have been conscious of 'TIMING' too if she was the one that BROKE THE NEWS?

PERSON WEY DEM WAN SERVE BREAKFAST, DEM DEY ASK AM IF E DEY IN A GOOD MOOD?

Bakosokoto:
StanbicIBTC.
From account opening to purchase - did everything online (email)

Hi, please does anyone have an idea if it is possible for me to:

1. Open an account with stanbic IBTC bank,

2. Get my account details and mobile application and also

3. Invest in primary/secondary market tbills

WITHOUT going to the bank branch? Like can all these be done via email as I am unable to visit any bank at the moment?

Lol.... Them don nack u JOHN...

U have some options here...but first;

1. How do u know u r d owner of the child, since u stated clearing her line of job. Do u think you are the only one that slept with her without protection?

2. Have u collected back the money you sent to her to terminate the pregnancy? Very important

3. Do not.. I REPEAT... DO NOT MARRY A PUBLIC PROPERTY

4. Go for a DNA TEST after the child has been born.

Your options are...
1. Rent a house for her in a separate neighbourhood and take care of her until she gives birth.

2. Insist she remains in her father's house while u send her upkeep n visit

3. Relocate from your neighbourhood but keep in touch with her and take care of her


BUT IN ALL U DO... COLLECT UR MONEY BACK FIRST MAKE WE SEE FRONT WITH THAT ONE

Femivaughn:
the percentage yield is the major difference, do you mean what they invest in?

Yes pls. Coz I'm wondering why the difference in their yield is about 5% or more....

Femivaughn:
You could try Coronation Money Market fund at 25.28% which can go as high as 29% which is 2,5M annually

Is there any major difference between stanbic MMF and CORONATION MMF?

RayRay06677:
Me that missed 359 days at 21% today because I am not in town and my phone with app is not opening.

New year should wait, the second fruit will be used appropriately when the rest have finished their celebration.

Hi, Which bank or app offered you this rate pls?

Good evening guys,

I noticed coronation mutual funds in I-invest is about 26% while stanbic mmf is about 21%, can someone help explain why such huge disparity exist between them?

Also, are the underlying assets of both of them the same?

Tnks...

gabbytabby:
Personally I would not have a problem with it only say he needs to provide an annual physical to confirm him no get any STI cos people measure others by their own standards.

Hope u'll provide the funds for this.. Seeing that the man is the one also paying for the DNA😅

Batman2412:
With tbills via I-invest app, you get interest and capital upon maturity. But traditionally, via bank, you get interest upfront and capital upon maturity

Thanks for your reply, however, I am a bit skeptical about the I-INVEST APP, is it safe to use, are the funds as safe as they would be if is done via the bank?

Hi guys,

Please can I opt for my interest to be paid at the end of the tbills tenor (so as to get the implied yield) in both primary and secondary market? Or is secondary market always debited at the discounted rate?

richmond500:
FG should make it mandatory that u can have only one ATM card with ur BVN and the highest amount u could withdraw a day is 150k.
U will see how this scarcity of cash will be a thing of the past, cos some of those POS people have like seven ATM cards

This won't solve anything, coz what people will do is simply transfer 150k to 10 different people (who have no money in their accounts to withdraw that day) and this 10 different pple will use their ATMS to withdraw 150k each.. Making it 1.5m and give to the owner of the money, he may settle them with 2k each and then gain maybe 10k from each 150k.

Then the cycle continues.... Remember not everyone that has an ATM card has funds in his account.

helinues:
Bro don't blame them.

You see, when you start having money or being successful, you will start meeting lots of people which all of them want to claim same status

Those that you have known in the past but are not yet instrumental in your success might be regarded later while those who are currently on board would be taken care of first

This one need this, this one need that, abeg how many people can you help? Na how much you yourself get? Have you satisfied your own desires before the consideration of others?

A rich man who wants to do a project worth N100m but having only N40m, the person is as broke as someone looking for money to pay rent. The feelings are mutual

The matter no be one way

This is the best statement I've read from you

Shalom428:
Today's rate

Tnks a lot

Shalom428:
Wednesday 4th December. Try to put in your bid today or latest tomorrow morning.

Pls does anyone have the rates for today's primary market auction?

Hi guys, please can you bid in the primary market with an amount less than 50m and go with whatever rate the bank is bidding? Or your funds must be 50m+ B4 u can participate in primary market

The question should be, why did you tolerate that from the dating/courting stage and most importantly, why did you marry a woman that isn't in love with you.

No woman, I repeat, no woman who really loves you will watch you drained financially to the extent of borrowing and not assist you. Except of course, u ain't telling us the whole story or you do not manage ur finances well.

MondayOmoAdugbo:
Don't lie, do you feel the heat

The heat is everywhere na😅

amunkita:
8k Attache in 2005.
40k which rose to 60k in 2008
116k in 2017.
300+ after tinubulation 2024..

Wow, dts nice, I love the progress you r making

immortalcrown:
What is the minimum amount of money considered as six figures?

any amount of money between 100,000 and 999,999 is regarded as 6 figures.. So to answer your question, it's 100k.

So as the topic says, kindly tell us how much was your first salary, how much you earn now and how you were able to advance your career or secure a better job/salary, this will serve as a motivation for some people and give them much needed knowledge to do better in their careers.


Let me start with mine...

I worked in a primary school in year 2013 and I was paid between 4,500 to 6,500 monthly, I was still in school then, so it was more like a holiday job.

Presently, I am into investments and earn six figures or more....

Welcum:
This is a good question but why not start the answer with yourself? Until you do that, everyone will think you're joking.

Thanks, I have shared mine... Waiting for others to do same

So as the topic says, how did you make your first million, please enlighten us, this could serve as an eye opener for others, especially with the current economic challenges a lot of people are facing in Nigeria, a lot can be learnt from different experiences shared and these can give people the much needed inspiration to make money or re-assess their decisions.

So please tell us..
1. How you made your first million
2. What year you made your first million and how old you were then (if you feel like sharing your age)
3. If you are still a millionaire and what happened to the money if you ain't still one.


So I will start with myself....
1. I saved money from my salary for over a year until it got to a million, I just wanted to get my first million and I remembered how happy I was calling myself a yung millionaire 😅😅😅

2. This was in year 2019

3. Yes.


So over to you guys, let's hear your own experience.

Freetech:
It appear this guy has no good advisers

Sorry, i forgot mad man is his adviser.

President of bad news

How can grid collapse caused by vandals become national disgrace.

Must you show your low IQ to the whole world to know?

Must you react to every news like busybody?

Tueh a man who he and his criminals party leadership couldn't account for donations collected . What nonsense is he saying again.

Spit,

Are u not ASHAMED TO SAY THIS?

How can u be confident enough to continue accusing vandals of being behind NATIONAL GRID COLLAPSE FOR THE UMPTEEN TIME.. and yet as a nation, we can't caught nor prosecute any vandal yet?

Doesn't that tell u our security architecture is moribund?

Keep shifting blames... Ur mind og soon touch ground.

ijustdey:
https://leadership.ng/fuel-price-increase-how-fg-can-lessen-burden-on-nigerians-stakeholders/

Let them SHARE RICE as usual

Hope this will not lead to a further hike in the price of PMS?

peculiar3:
...once my 40M ticket enter, I'll start my own tour of 7 countries

Lol... Wen abeg? Mk u do give away for evrybody?

Make Man U no cut am o... Lol

So does it mean Ex President Buhari didn't see the 'supposed new naira notes' before it went public?

How can Emefiele have produced something different from what was presented and the President allowed it to be printed and go into circulation?