Treasury Bills In Nigeria - Investment (2290)

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Treasury Bills In Nigeria - Investment (2290) - Nairaland

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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)

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Re: Treasury Bills In Nigeria by haywhy(m): 6:49am On Feb 05

Emzedz:
I just strolled into accessbank n asked for tbills. Those guys get mind tell me say na 50million n above or I do secondary market.. I jeje ask for their rates.. it was so low as I suspected..
Withdrew some funds n got d fvvck off.

You may be surprised that this is actually the norm for the primary market and they were not making it up.

Re: Treasury Bills In Nigeria by faithest1: 7:18am On Feb 05

Good day All

Please kindly advise on what best step to take on this matter. I woke up to the alert that a huge sum was deposited into my account and several other debits of the money happened shortly after. This also happened some months ago which I went to the bank to report and asked them not to use my account for whatever transaction I don't understand. They claimed it was a mistake. Today again similar thing happened and I want to know the best steps I could take to handle this . I have all the evidence of credit and debits.

Re: Treasury Bills In Nigeria by dragon2(m): 8:44am On Feb 05

faithest1:
Good day All

Please kindly advise on what best step to take on this matter. I woke up to the alert that a huge sum was deposited into my account and several other debits of the money happened shortly after. This also happened some months ago which I went to the bank to report and asked them not to use my account for whatever transaction I don't understand. They claimed it was a mistake. Today again similar thing happened and I want to know the best steps I could take to handle this . I have all the evidence of credit and debits.

Put the fear of CBN in their heart.

2 Likes

Re: Treasury Bills In Nigeria by freeman67: 9:01am On Feb 05

faithest1:
Good day All

Please kindly advise on what best step to take on this matter. I woke up to the alert that a huge sum was deposited into my account and several other debits of the money happened shortly after. This also happened some months ago which I went to the bank to report and asked them not to use my account for whatever transaction I don't understand. They claimed it was a mistake. Today again similar thing happened and I want to know the best steps I could take to handle this . I have all the evidence of credit and debits.

Send an official mail to your bank expressing your displeasure at their actions. Make sure you remind them in the mail that it happened before and they told you it was a mistake and it is happening again and that you are not comfortable with it.

Make sure you copy that mail to CBN and EFCC. That will be your own defence if anything.

If they mistakenly posted money on your account why wouldn't they debit same as it entered. What the rational of them debiting it gradually. Make person no go use your account commit any fraud or crime ooo.

7 Likes

Re: Treasury Bills In Nigeria by ibechris(m): 9:58am On Feb 05

faithest1:
Good day All

Please kindly advise on what best step to take on this matter. I woke up to the alert that a huge sum was deposited into my account and several other debits of the money happened shortly after. This also happened some months ago which I went to the bank to report and asked them not to use my account for whatever transaction I don't understand. They claimed it was a mistake. Today again similar thing happened and I want to know the best steps I could take to handle this . I have all the evidence of credit and debits.

Go and make a police entry.

Make e no be kidnappers dey use ur acct dey play games with u so.

4 Likes

Re: Treasury Bills In Nigeria by faithest1: 11:12am On Feb 05

[quote author=freeman67 post=134013731]
Thanks much. I have decided to send email in line with your comment. Since I have gone there to report the first time and it seems it didn't work since it's still repeated now. I think sending an email for escalation will be better. Thank you

2 Likes

Re: Treasury Bills In Nigeria by faithest1: 11:15am On Feb 05

[quote author=ibechris post=134014438]

Thank you. I will take this as an additional step to report. Though I do not think kidnappers are the ones in this context because even if they deposited in my account they won't have the authorisation to debit it by themselves

Re: Treasury Bills In Nigeria by ibechris(m): 11:18am On Feb 05

[quote author=faithest1 post=134015385][/quote]

Just report...u can not fully understand Nigeria.

Re: Treasury Bills In Nigeria by sheilchi(f): 11:19am On Feb 05

Hello All,

please how good is NORENBERGER. Are they legit?

Re: Treasury Bills In Nigeria by enque(f): 11:43am On Feb 05

cc emmasoft

sheilchi:
Hello All,

please how good is NORENBERGER. Are they legit?

Re: Treasury Bills In Nigeria by emmasoft(m): 1:48pm On Feb 05

sheilchi:
Hello All,

please how good is NORENBERGER. Are they legit?

Of course they are legit just like the others you know.
This is 7th year running. Registered with SEC and into Fund magt, Insurance, stockbroking, etc.

To open account with them, download the attached form or get in touch.

Re: Treasury Bills In Nigeria by emmasoft(m): 2:14pm On Feb 05

enque:
cc emmasoft

@enque. I have done the needful.

Re: Treasury Bills In Nigeria by Odunharry(m): 2:28pm On Feb 05

Emzedz:
I just strolled into accessbank n asked for tbills. Those guys get mind tell me say na 50million n above or I do secondary market.. I jeje ask for their rates.. it was so low as I suspected..
Withdrew some funds n got d fvvck off.

Lol they are actually correct on the entry for treasury bills primary market.

Let 's talk about secondary market and the next primary market auction. You can invest with minimum of 100,000

09070058289

Re: Treasury Bills In Nigeria by MOM1(m): 6:20pm On Feb 05

Does anyone know the result of today's auction?

Re: Treasury Bills In Nigeria by enque(f): 8:27pm On Feb 05

MOM1:
Does anyone know the result of today's auction?

3 Likes

Re: Treasury Bills In Nigeria by Odunharry(m): 9:23pm On Feb 05

[quote author=enque post=134022952][/quote]

Rate for 364days tenure dropped for the 3rd or 4th consecutive auction I guess while 91 and 182 remained unchanged. Subscription for 364days is massive though

Re: Treasury Bills In Nigeria by uwaifou(m): 11:06pm On Feb 05

enque:
cc emmasoft

Norrenberger ranks one of the best after FBN quest in respect of interest accrued....

Today = 22.69%, FBN quest
22.49% Norrenberger
21.81% Stanbic
21.31% United capital
22.72% Quantum zenith

2 Likes

Re: Treasury Bills In Nigeria by sky404: 3:07am On Feb 06

Re: Treasury Bills In Nigeria by sky404: 3:13am On Feb 06

uwaifou:
Norrenberger ranks one of the best after FBN quest in respect of interest accrued....

Today = 22.69%, FBN quest
22.49% Norrenberger
21.81% Stanbic
21.31% United capital
22.72% Quantum zenith

sky404:
Ok

Pls,
Do they have a Branch office in Abuja??
I mean FBN Quest??

cos I'm interested

Re: Treasury Bills In Nigeria by alezzy13: 6:23am On Feb 06

haywhy:

Thanks for sharing this, I've just had a look and it looks good. You mentioned other firms are already doing this, could you please mention the other reputable ones?

It'll be nice to have a single place to trade treasury bills, bonds as well as Index/ETFs. I downloaded I-invest but the 10% withholding tax put me off since I can avoid these charges by doing my T. Bills directly through the bank. I also struggled with the customer service when I needed my account deleted and this also concerned me.

Please any recommendation of a reputable platform that is comparable to BluNest would be highly appreciated. Also, is BluNest replacing the other Stanbic investment account platform?

I know of ARM, Afrivest, Invest one and others. Personally I have been using ARM for treasury bills now for treasury bills and they've been very okay.

Re: Treasury Bills In Nigeria by alezzy13: 6:25am On Feb 06

[quote author=enque post=134022952][/quote]

Not bad. Though not really expected. My RM told me to expect drops in months to come

Re: Treasury Bills In Nigeria by digitalinvestor(m): 8:53am On Feb 06

RayRay06677:

Reliable, did successful investment before.

Good morning Nairalanders!

Please what is the essence of having CSCS, CHN, Member code or Tax ID to invest in Commercial paper? This was part information requested for in the subscription form but I don't have it. Is there any consequence at maturity? Pardon my ignorance it is my first time buying CP, I only invest in Mutual funds and FD.

Guys, I need your clarification on this! I thought you only need CSCS account when it comes to bond and shares .

Re: Treasury Bills In Nigeria by enque(f): 9:58am On Feb 06

I do CPs via meristem, and I have never been asked for all that. The only time I needed a CSCS number was when I did FG Bonds.
Maybe someone who knows can explain better.

digitalinvestor:

Good morning Nairalanders!

Please what is the essence of having CSCS, CHN, Member code or Tax ID to invest in Commercial paper? This was part information requested for in the subscription form but I don't have it. Is there any consequence at maturity? Pardon my ignorance it is my first time buying CP, I only invest in Mutual funds and FD.

Guys, I need your clarification on this! I thought you only need CSCS account when it comes to bond and shares .

1 Like

Re: Treasury Bills In Nigeria by temi4fash(m): 10:50am On Feb 06

enque:
I do CPs via meristem, and I have never been asked for all that. The only time I needed a CSCS number was when I did FG Bonds.
Maybe someone who knows can explain better.

Do you have to be their physically?

Re: Treasury Bills In Nigeria by aieromon(m): 12:16pm On Feb 06

digitalinvestor:

Good morning Nairalanders!

Please what is the essence of having CSCS, CHN, Member code or Tax ID to invest in Commercial paper?

The regulation mandates the deduction of taxes directly from payments such as salaries, rent, professional fees, and dividends, placing the responsibility on businesses, employers, and other payers to withhold taxes at the point of payment.

According to the FIRS, this approach is designed to guarantee a steady inflow of revenue and minimize tax evasion.

A key feature of the regulation is the integration of Tax Identification Numbers (TINs) with transactions, alongside the establishment of penalties for non-compliance.

https://thenationonlineng.net/firs-begins-implementation-of-withholding-tax-system/

Re: Treasury Bills In Nigeria by enque(f): 12:16pm On Feb 06

temi4fash:

Do you have to be their physically?

.

Nope!
I don't even know where their physical office is.
Although I know a staff that works there sha, so she basically directs me when I wanna do anything.

Re: Treasury Bills In Nigeria by digitalinvestor(m): 1:04pm On Feb 06

Same here! I did mine through Meristem, and in the form, the column before the bank details specifically asks for that. I didn't bother myself because I didn't have until one of the staff who forwarded the form to me sent me an email specific to CSCS, which I didn't even realise until much later when the allocation notice was sent with payment instructions, and I went through the email thread.

enque:
I do CPs via meristem, and I have never been asked for all that. The only time I needed a CSCS number was when I did FG Bonds.
Maybe someone who knows can explain better.

Re: Treasury Bills In Nigeria by digitalinvestor(m): 1:06pm On Feb 06

temi4fash:

Do you have to be their physically?

No, you can do everything online.

Re: Treasury Bills In Nigeria by Odunharry(m): 2:00pm On Feb 06

digitalinvestor:

Good morning Nairalanders!

Please what is the essence of having CSCS, CHN, Member code or Tax ID to invest in Commercial paper? This was part information requested for in the subscription form but I don't have it. Is there any consequence at maturity? Pardon my ignorance it is my first time buying CP, I only invest in Mutual funds and FD.

Guys, I need your clarification on this! I thought you only need CSCS account when it comes to bond and shares .

If you don't have those info, kindly ignore and submit form. I guess you are talking valency agro cp?

Re: Treasury Bills In Nigeria by Odunharry(m): 2:01pm On Feb 06

temi4fash:

Do you have to be their physically?

No you don't

Re: Treasury Bills In Nigeria by faithfull18(f): 2:04pm On Feb 06

Re: Treasury Bills In Nigeria by uwaifou(m): 4:37pm On Feb 06

sky404:

Pls,
Do they have a Branch office in Abuja??
I mean FBN Quest??

cos I'm interested

in Lagos, PH and Abuja.

Check google

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