^^^^^check above. U mitosis has already posted the schedule on this page

I will delete this....but to make it easier for everyone to understand the charges... there u have it:

atilla:
^^^^^check above. U mitosis has already posted the schedule on this page

ok sir----when can we start placing bid? Is it on the D-day?

ummitoagirl:
I will delete this....but to make it easier for everyone to understand the charges... there u have it:

This is a lie! Where did you get the list from?

PLS house will the next auction take place on 14 september?because next week is sallah break( mon &tues i guess.)

I am lost.....what's a lie? That's my personal details.

Royal155:
This is a lie! Where did you get the list from?

ummitoagirl:
I am lost.....what's a lie? That's my personal details.

Which bank deducts those outragious charges you've listed there? That bank must be a criminal entity. In all the years I have been investing in t.bill, no bank has ever charged me more than the authorised 0.0025% and the N100 service charge(or whatever it is called). Even of recent, a particular branch in the North I invested twice with this year has never charge me penny.
You need to change that bank.

Please anybody know the bidding date for FG bonds?

DMerciful:
Please anybody know the bidding date for FG bonds?

14 sept

i got two text messages the one yday was tbill commision and todays text was for trsnfee from stanbic. will email my acct officer for a breakdown

Xx++just received another text safekeep fee. Lols

ummitoagirl:
I will delete this....but to make it easier for everyone to understand the charges... there u have it:

Choi see figures wey fit make person dizzy
Come and give me money now

lease anybody know the bidding date for FG bonds?

why would anyone go for bonds now when NTB interest rate is around 18% and climbing,as against 15% for bonds. am i missing something here.

@ 18% i wouldnt mind locking up my money for 5yrs @ 18%.

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ernie4life:


14 sept

pls wen do we start throwing in our bids since its obvious that Monday n Tuesday will be public holiday due to sallah

Ibukun003:


Its still 0.125% commission fee for Stanbic.

I don't know of any other fee...

Is this 0.125% commission fee same as the custody fee also mentioned above?

I asked because Investment-One, [url]investment-one.com/about-us/corporate-profile/[/url] bought TB @ 17.0% at the last auction on my behalf and I've just being informed they'll be charging me 0.5% of the interest as commission. I'm still trying to get some clarify about the charge.

godash:


Is this O.125% commission fee same as the custody fee also mentioned above?

I asked because Investment-one bought ~1 million naira of TB @ 17.0% at the last auction on my behalf and I've just being informed they'll be charging me 0.5% of the interest as commission.

0.5% is above the CBN approved rate of 0.125%

book a meeting with your account officer asap!

FIDELITY24:
pls wen do we start throwing in our bids since its obvious that Monday n Tuesday will be public holiday due to sallah

I will advise anyone going in for the Auction to throw in his bids latest by Friday..

feelamong:


0.5% is above the CBN approved rate of 0.125%

book a meeting with your account officer asap!

Thank you sir. I've just sent out an email to them.

To be clear, are you saying the current CBN approved charges is still 0.125% of the upfront interest or is it 0.125% of the face value?

godash:


Is this 0.125% commission fee same as the custody fee also mentioned above?

I asked because [url]Investment-One (investment-one.com/about-us/corporate-profile/) bought ~1 million naira of TB @ 17.0% at the last auction on my behalf and I've just being informed they'll be charging me 0.5% of the interest as commission. I'm still trying to get some clarify about the charge.

I don't understand their rate fees anymore.
0.125% is the ideal CBN rate fee for all banks.
Even the fee they charged me recently was quite much, almost 6% of the interest.
Its quite funny though.

I would contact them and discuss the issues surrounding that.

feelamong:


I will advise anyone going in for the Auction to throw in his bids latest by Friday..

please i am new in this - - - - - is it good or safe to bid 18%--for a 1m investment capital? I want to try 91 days first

kelvinodum:


Diamond bank also debited me 500 naira for TBill's auction commission as well as custody fee ,I never heard of auction commission tho

How's the 500 niara calculated? What does it represent in % of interest terms?

feelamong:


0.5% is above the CBN approved rate of 0.125%

book a meeting with your account officer asap!

Question: Does CBN regulate asset managers? The 0.125% is contained in the Guide to [b]Bank[/b]Charges (2013) which is still in force is for banks, isn't it?

I don't think that there is a standard for fund managers

godash:


Is this 0.125% commission fee same as the custody fee also mentioned above?

I asked because Investment-One, [url]investment-one.com/about-us/corporate-profile/[/url] bought ~1 million naira of TB @ 17.0% at the last auction on my behalf and I've just being informed they'll be charging me 0.5% of the interest as commission. I'm still trying to get some clarify about the charge.

When you wanted to buy, did you ask them for their charges? I doubt that they just sprung this on you. Perhaps you should ask them for a comprehensive list of charges for services rendered so you won't be caught unawares again.

olujaidi:


Question: Does CBN regulate asset managers? The 0.125% is contained in the Guide to [b]Bank[/b]Charges (2013) which is still in force is for banks, isn't it?

I don't think that there is a standard for fund managers

I contacted (the company formally known as) Kakawa Discount House about their rates. It was the same as the CBN approved charges as listed by @feelamong above, ie
0.125% of earned interest as commission
+ 0.1% of the face x # of days held in a year value as custody fee
+ 5.0% VAT of above commission and custody fees

olujaidi:


When you wanted to buy, did you ask them for their charges? I doubt that they just sprung this on you. Perhaps you should ask them for a comprehensive list of charges for services rendered so you won't be caught unawares again.

Interestingly enough, in this case the outrageous charge was sprung on me. I guess it's time to move my investments over to another firm/banks.

Are there others on this forum living outside the country with positive experience initiating TB purchase with a new bank, a bank that follows CBN guidelines on charges? Would love to hear your experience. Thanks.

Pls what were the stop rate of the last bidding.....pls guys advice

here...

feelamong:
The Discount rates for the Auction is out!!

91 days: 14.3890.

182days: 17.500.

364days: 18.4240.

pls house I bank with diamond... can I buy tbills through another diamond bank branch or must it be the branch day I opened my account with?

FIDELITY24:
pls house I bank with diamond... can I buy tbills through another diamond bank branch or must it be the branch day I opened my account with?

You can buy through another branch.

FIDELITY24:
pls house I bank with diamond... can I buy tbills through another diamond bank branch or must it be the branch day I opened my account with?

Your name is Fidelity and you are banking with Diamond Bank....

dont come and tell us after that you had a Union with your First Wife when you took your Heritage at the Zenith of your Profession later o!

Happy Investing!

feelamong:


Your name is Fidelity and you are banking with Diamond Bank....

dont come and tell us after that you had a Union with your First Wife when you took your Heritage at the Zenith of your Profession later o!

Happy Investing!

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