Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

Mills55:
Please anybody with today's primary auction result? Let's know what the rate look like.

Dear Esteemed Client,

We are pleased to inform you that the rate on the ABACUS Money Market Fund has been on a steady increase. This makes it a right time to reconsider your allocation of funds in line with your investment goals.

It is important to always remember to set some money aside for investment and important obligations before you treat yourself.

And don’t forget account opening can be initiated at your comfort zone by using the link on my signature. Lastly if you are not ok with the digital process I am 100% available to setup a physical meeting.

For further enquiries, kindly reach out to me.

Regards,
David

Dsticks47:
Dear Esteemed Client,

We are pleased to inform you that the rate on the ABACUS Money Market Fund has been on a steady increase. This makes it a right time to reconsider your allocation of funds in line with your investment goals.

It is important to always remember to set some money aside for investment and important obligations before you treat yourself.

And don’t forget account opening can be initiated at your comfort zone by using the link on my signature. Lastly if you are not ok with the digital process I am 100% available to setup a physical meeting.

For further enquiries, kindly reach out to me.

Regards,
David

what's the rate?

davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

This is slightly above 9%

davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

This is about 9%. Considering where were coming from this not bad a all.

GTB yet to answer me. I go wound person this morning ooo.

bjtinz:


This is about 9%. Considering where were coming from this not bad a all.

GTB yet to answer me. I go wound person this morning ooo.

Rate is climbin up ...
FGN Savings Bond around 9 percent for the 3 yrs category...
FBN Bond Fund with a yield above 10 percent too.....

QuinModah:
what's the rate?

Rate is currently 6.39% per annum.

Dsticks47:

Rate is presently 6.39% per annum.

If I invest 1m am getting 50k at the end of the year

davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

8.98%.


What were you doing when you were taught percentage in Primary 5 and JS 2 ?

QuinModah:
If I invest 1m am getting 50k at the end of the year

You will get N175 everyday till the end of June after which you will get a dividend or you can reinvest your dividend which is what I always do.

N175 everyday is N63,800 in a year. Since rates are increasing you should be able to get up to 75k in a year.

No mind me jare

emmanuelewumi:


8.98%.


What were you doing when you were taught percentage in Primary 5 and JS 2 ?

QuinModah:
If I invest 1m am getting 50k at the end of the year

No, you will get more than that; at the current rate you get 63,900 and by every indication the way rates are going you will still get more.
Rates for MMF are daily valued and not static. In addition, you will be paid the interest quarterly and that interest can still be reinvested, on the long run with the principle of compound interest you have close to 8% or more of your capital.

Mathematics is important ooo

emmanuelewumi:


8.98%.


What were you doing when you were taught percentage in Primary 5 and JS 2 ?

Jumping through the window once the maths teacher is coming and saying 'what will i ever do with Simple Interest. Was it Simple Interest that Buhari used to become President'.

QuinModah:
If I invest 1m am getting 50k at the end of the year

As at now you will get about sixty four at the end of the year.

But the beauty of The Abacus money market fund is that the ROI is not fixed unlike VGIF that has a fixed return.

We believe the rate will be more than this in the coming weeks. So as it stands now the probability of you getting more than that at the end of the year is actually High.

Egungun be careful
Na express you they go

davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

Thank u for this info.
The actual figure is: 8.98 percent.

I still await their mail

ibechris:




Thank u for this info.
The actual figure is: 8.98 percent.

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Udyawanga:
Pls house did stanbic iibtc bank or any other banks that participated in this week treasury bill offer successful?

Stanbic debited me.

But I was expecting the rate would be around 9.6 but from my calculations, the rate is below 9%. Sigh!

Grupo:


Stanbic debited me.

But I was expecting the rate would be around 9.6 but from my calculations, the rate is below 9%. Sigh!

9% isn't that bad.
They've had series of unsuccessful bid in the past couple of weeks. They played safe this time so they could be successful

Pls what is the tenor?

Grupo:


Stanbic debited me.

But I was expecting the rate would be around 9.6 but from my calculations, the rate is below 9%. Sigh!

Is the capital preserved like VGIF?

Dsticks47:

As of now, you will get about sixty-four at the end of the year.

But the beauty of The Abacus money market fund is that the ROI is not fixed, unlike VGIF that has a fixed return.

We believe the rate will be more than this in the coming weeks. So as it stands now the probability of you getting more than that at the end of the year is High.

Xkoba:
Pls what is the tenor?

For 364 days.

skyangel:


9% isn't that bad.
They've had series of unsuccessful bid in the past couple of weeks. They played safe this time so they could be successful

That was what I noticed.

stevemims:
Is the capital preserved like VGIF?

Capital and interest is guaranteed

davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

Little above 9%, can't be specific on fraction as you didn't tell us the bank charges

stevemims:
Is the capital preserved like VGIF?

Yes sir.
Your capital is 100% preserved.

I just received the bank charges alerts. Was charged around 3,107 naira altogether

RayRay06677:


Little above 9%, can't be specific on fraction as you didn't tell us the bank charges

davit:
I just received the bank charges alerts. Was charged around 3,107 naira altogether

If your figure is correct then rate was 9.04%

Good evening investment gurus, I’m a novice here but willing to learn the ropes of treasury bills. I’ve never done it before and have limited information. I need info regarding lowest amount to begin with and how to go about it generally while I get used to it. Looking forward to replies. Thank you.

Also, what’s the best way to save in dollars. I learnt so far that Dom accts offered by Nigerian banks aren’t really friendly in terms of stack differences between inflow exc rates to that of outflow rates. So how else to save in dollars?