freeman67:


Right from time doing TB with them has always been difficult. It's only a selected few, maybe that have friends or very good customer relationships with them and maybe people in some less busy branches that gets to invest through them.

Contact more TB friendly banks like FBN, Stanbic and maybe even GT.

freeman67:


No big deal na. Just go there and tell them you want to liquidate.


As you do, bear In mind that you have already collected the interest upfront except if you invested with the interest. There is also the likelyhood that it would be offered for sale @ lower rate than you got it to attract new buyers or the bank that is collecting it back.

Also, bear in mind that you might incurr a penal charge for liquidating before maturity.

heavenisreal18:


This is the rate I was offered for secondary, 142 days 15.50percent
177days 16.50percent, 247 days 17percent, 359days 19.50per.
Which of these days do you consider to be good to go for

Thanks for your response

Odunharry:

Lol secondary market highest Tenure as at 3rd July did 25%

freeman67:


I don't know about SUKUK, TB or Bond with them because the only FGN invest I have with them is yet to mature. However, all other investments I have done with them before like CP and their Alternative Investments which are normally paid directly to your Bank accounts by other issuers or agent were paid into the wallet and I had to request for it to be transferred to my account.

If you don't get any direct answer, just mail them or call their CS to confirm.

freeman67:


I don't know about SUKUK, TB or Bond with them because the only FGN invest I have with them is yet to mature. However, all other investments I have done with them before like CP and their Alternative Investments which are normally paid directly to your Bank accounts by other issuers or agent were paid into the wallet and I had to request for it to be transferred to my account.

If you don't get any direct answer, just mail them or call their CS to confirm.

Ndidi2:
what rate is treasury bill today
Stanbic.?
Thinking of liquidating my mutual fund.

Odunharry:

Lol secondary market highest Tenure as at 3rd July did 25%

davit:
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

freeman67:


That is false.

If you invest N2,000,000 in a 3 year bond at 17%, in the first year you will get N340,000 ( That's N170,000 two time in the year).

Second year, you will get N340,000 ( That's N170,000 two time in the year).

In the 3rd year you will get N2,340,000 (That's N170,000 in the first 6 months and N2,170,000 which is the addition of your last coupon/interest and your principal).

The final amount you will get for that investment is N3,020,000.

Except if you were investing your interest elsewhere which could give you additional interest. If you calculate your returns solely as it comes, the above is your the only interest in it.

Akerewe:


Pls where did u get this rate?? Which bank or broker??

davit:
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

awesomeJ:


Llama 3 is hallucinating.

Invest 2m to get 7m

awesomeJ:


Llama 3 is hallucinating.

Invest 2m to get 7m

Odunharry:

Investment one Financial service.

You can still message me for more information

ositadima1:
Is it too early to do the T-bills thing with FirstBank today, given the primary market next week on the 11th?

Akerewe:


Ok no wahala, but I saw their app on google play, how genuine is their app nd moreover is this 25% rate also available on their app or I should open their online stocks account

Odunharry:

I can't drop link here. Wanted to give you the link to open a stock account easily.

Download the app and create account, complete details and let me know I will guide you on what next to do.

You can reach me on 09070

Odunharry post=130814701:

I can't drop link here. Wanted to give you the link to open a stock account easily.

Download the app and create account, complete details and let me know I will guide you on what next to do.

You can reach me on 09070058... 2..89

058... 2..89

heavenisreal18:

Sincerely I am no longer finding investing in T-bill interesting since June 14, the account officer keep saying it failed ,they said primary is not available I opted for secondary yet they keep sending failed mails.

What do you suggest I do differently, have been calling and mailing the bank is gt

Chikebrain:


Never heard of secondary Market failing except you dropped your instruction after close of Market for that day but can be treated next day. I'd advise you visit bank, let your account officer check their portal and tell you the available rates and book you in for your desired right there before you leave the bank

ojexin:
Good evening Team,

Please how much will the bank charge me when I terminate my TB of 2m before the maturity date which is next yr

tabithababy:
Hello all, please is primary auction happening this week

dacool1:
With the rate of inflation in Nigeria is it still advisable to keep investing in T. BILLS.

Politics asides, I will appreciate a fair view of what's really happening with the NAIRA. Is it about to fail?

freeman67:


That is false.

If you invest N2,000,000 in a 3 year bond at 17%, in the first year you will get N340,000 ( That's N170,000 two time in the year).

Second year, you will get N340,000 ( That's N170,000 two time in the year).

In the 3rd year you will get N2,340,000 (That's N170,000 in the first 6 months and N2,170,000 which is the addition of your last coupon/interest and your principal).

The final amount you will get for that investment is N3,020,000.

Except if you were investing your interest elsewhere which could give you additional interest. If you calculate your returns solely as it comes, the above is your the only interest in it.