Pls wonderful people I need advice on this ,I got this from account officer after a month I have been trying to bid, the money is still in my account and he called it a successful bid, at first the money was on pending debit but now I have been credited back. .

emmasoft:


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.

i did 100k for 1 year tenor at gtbank january but the stress they gave me i thought it won’t go through, the staff was not happy with me and this has discouraged me this february and they gave me 19%.
my question now is their any receipt i can get from them or this certificate you guys are saying because i don’t even know the maturity date.

Pls was zenith bank bid successful for 364days.
I was told it wasn't. Is this true?

sky404:




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

cos I'm interested

Yes, Their office is around MTN HQ in Maitama beside Falana Law Chambers.

Odunharry:

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

No, DLM Capital CP. What rate/tenor is valency agro cp offering and which platform are you buying from?

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...

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...

Interest(I) = (Principal(P) * Rate(R) * Tenor(T) ) / (Day in Year(Y) * 100)

I = (P * R * T) / (Y * 100)

I = (20,000,000 * 18.8 * 364) / 36500

I = 136,864,000,000 /36,500

I = 3,749,698.63

Were charges removed from the upfront interest.

NL1960:


Interest(I) = (Principal(P) * Rate(R) * Tenor(T) ) / (Day in Year(Y) * 100)

I = (P * R * T) / (Y * 100)

I = (20,000,000 * 18.8 * 364) / 36500

I = 136,864,000,000 /36,500

I = 3,749,698.63

Were charges removed from the upfront interest.

I am not sure sir...because nothing of such is stated on the certificate and I didn't get any debit notification too

koreanlord:
I am not sure sir...because nothing of such is stated on the certificate and I didn't get any debit notification too

Check your account transaction history. Some banks net if off from the upfront interest while some banks post the upfront interest and charges separately.

NL1960:


Check your account transaction history. Some banks net if off from the upfront interest while some banks post the upfront interest and charges separately.

Thanks a lot...
I checked now
They posted only 3,723,111.38...

koreanlord:
Thanks a lot...
I checked now
They posted only 3,723,111.38...

Meaning they must have netted off the charges. Ordinarilly, the certificate should have shown Principal, Upfront Interest, Charges and Net if it is being netted off. You can send them an email or call them to give you the breakdown of the amount.

where is the usual 10% witholding tax??

Meaning they must have netted off the charges. Ordinarilly, the certificate should have shown Principal, Upfront Interest, Charges and Net if it is being netted off. You can send them an email or call them to give you the breakdown of the amount.
[/quote]

sheilchi:
Hello All,

please how good is NORENBERGER. Are they legit?

Second best for now after FBN quest

digitalinvestor:


No, DLM Capital CP. What rate/tenor is valency agro cp offering and which platform are you buying from?

29% 180days and 30.50 270days

Odunharry:

29% 180days and 30.50 270days

Is this Yield? Is the Valency cp still open?

Good day, people.

between Treasury Bills, mmf & FG Bonds,
which one pays better interest??

I just came back from First Bank today & I was told 19.5% for 364 days tenor secondary market Treasury Bills,

sky404:
Good day, people.

between Treasury Bills, mmf & FG Bonds,
which one pays better interest??

I just came back from First Bank today & I was told 19.5% for 364 days tenor secondary market Treasury Bills,

.

MMF money mart funds

Pls someone should explain MMF ,is it low risk like T-bills

https://www.nairaland.com/1912965/mutual-funds/348

Follow this thread you'll understand everything about Mutual funds, @heavenisreal18

And yes, it is low risk

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?

Rate is dropping fast like kilode and inflation is still at 34.8%. What kind of voodoo economies is this? If there's over subscription of the 364 tenor while not take your planned allotments instead of shortchanging investors. Honestly the rat race of missing the cut-off 4 consecutive times is very unsettling. Abi since the other tenor are consistent make we lower our expectations. Bcoz surely these 3trillion excesses will definitely find a home sooner than later.

digitalinvestor:



Is this Yield? Is the Valency cp still open?

Till 11th I think. Yes its yield

sky404:
Good day, people.

between Treasury Bills, mmf & FG Bonds,
which one pays better interest??

I just came back from First Bank today & I was told 19.5% for 364 days tenor secondary market Treasury Bills,

Better rush mutual fund

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...

Yes rate for 364 Tenure dropped but 18% hmm

Odunharry:

Yes rate for 364 Tenure dropped but 18% hmm

Hmmmmm! But at 18.8% investing in Treasury Bill is a bad idea, when inflation is 34.8%. Except perhaps you don't have any need for the cash but I believe investment in the NGX will give far better returns than this oversense by CBN bcoz of excess supply.

vazsily:


Hmmmmm! But at 18.8% investing in Treasury Bill is a bad idea, when inflation is 34.8%. Except perhaps you don't have any need for the cash but I believe investment in the NGX will give far better returns than this oversense by CBN bcoz of excess supply.

I know other places that gave around 19.60 for same tenure. Not everyone has the risk appetite for stock trading

vanvickie:

Good morning,
Pls which bank is this?

First bank...

If not for the urgent need for bulk cash, I would have done MMF...

It's way better that this nonsense

Odunharry:

Yes rate for 364 Tenure dropped but 18% hmm

This will be my last investment on TB...

MMF straight........I love it more there

Pls do you know the issuing houses for this CP and where one can invest in the Valency CP series 8; i seem not to see it anywhere else apart from getequity.
Can anyone point me pls.

Odunharry:

Till 11th I think. Yes its yield

aloyt:
Pls do you know the issuing houses for this CP and where one can invest in the Valency CP series 8; i seem not to see it anywhere else apart from getequity.
Can anyone point me pls.

The Lead Arranger is FBNQUEST Capital, the Joint Arrangers are; Cardinal Stones Partners, Coronation Merchant Bank, Greenwich Merchant Bank, Rand Merchant Bank and United Capital.

You can invest in it through any of the above. If you wish to, just Google any of them and you will see their contact address.

aloyt:
Pls do you know the issuing houses for this CP and where one can invest in the Valency CP series 8; i seem not to see it anywhere else apart from getequity.
Can anyone point me pls.

Cardinal stone, coronation, United Capital, Rand