gentlemate00:
The election fever in Nigeria is not a child play however when its come to investment we have to look beyond some certain things in the polity and policy. I did Tbill last 2 weeks with 14.5% after my account was debited my upfront was around 4.3m, though i was worried but making money aint easy too. My point is naija no dey break go anywhere the Godfathers or elite are making lot of money from the entity called Nigeria. Election will come and go naija will remain.

We expect that short-term interest rates will rise to reflect the increased tightness in market liquidity, with implications for lending activities in the year and a slight rise in fixed income yields during the year to encourage the return of foreign portfolio investors and capital formation

HenryWilliams:
Quick question.
Can I have multiple transactions on a single account?
Eg. I wanna buy 91, 182 and 364 day tenor using one single account with sufficient funds?
GTB in mind.

HenryWilliams:
Quick question.
Can I have multiple transactions on a single account?
Eg. I wanna buy 91, 182 and 364 day tenor using one single account with sufficient funds?
GTB in mind.

speak2lift:
Sighs.

1) https://sterlingbankng.com/personal/investment/

2) https://techpoint.africa/2018/05/31/introducing-i-invest-west-africas-first-treasury-bills-app/

3) https://nairametrics.com/2018/09/28/what-you-should-know-about-i-invest-the-first-treasury-bills-app-in-west-africa/

4) https://www.dailytrust.com.ng/sterling-bank-launches-new-mobile-app-i-invest.html

5) https://www.bellanaija.com/2018/06/100kisenough-download-i-invest-app/


Hi bro, I hope this is proof enough. These are excerpts from credible sources and the banks website itself. Also on the Techpoint page, it is explicitly stated that this solution is being regulated by Security and Exchange Commission of Nigeria.


If all these aren't convincing enough, then I guess I will just have to rest my case. I am not a marketer for sterling bank. I am simply trying to lay the facts right and to dispel the comparison between this solution (which explicitly states that the sole purpose is for customers interested in Treasury Bills) and MMM(which from the onset had zero business model).


Please do not let us deviate the thread. I think enough has been said already.

Cheers

janga:


bidding urself at close to stop rate might possible fail and u hav to wait till next primary auction, its better to let them bid for u using their bank rate

LuzSp:


I am mostly concerned about understanding how it works.
So this is what I understand from visiting the link someone shared a few pages earlier:
For a TB transaction to happen,
a customer has to move funds from whatever accounts they may have with whichever banks to an account (a kind of wallet) with the app,
the app managers present the customer with the available tenors and their rates and locks in the customer's funds with their choice, and
Sterling bank then executes the TB instructions of the app manager.



The was I see it is that the customer does not deal directly with the bank.

speak2lift:



Hi Bro,

This is really bad and am suspecting that this is as a result of knowledge gap.

I will advise you send a mail directly to their customer care line. The person that attended to you could even be a newbie who is still learning on the job.

And if after sending a mail and you still don't get favourable response, dont even worry. I am aware that cbn has a web portal where all you need to do is make a complaint and they will swoop right into action. Banks dont like it when CBN intervenes cause its not always funny for them. Its a very easy process to get CBN involved. I will ask my friend for the url of the cbn portal and paste it here as soon as I get it.

Cheers Man

hollerbaby:
Did regular commercial banks say they are tired of bidding on our behalf?.
Abeg let anyone who is using
I-invest continue. Me i-stanbic and i- gtb as usual. Make my small change no go i-fly away biko.
#enoughwithdadvert

alezzy13:


@bolded, Lol. we hope soooo. My investments must be secure!!! However, I agree the fears of breakups are rather too alarmist; elites -including 'oga @dtop' - are feeding fat from the entity, they'll do anything thing to maintain the status quo

Interestingly, I just went trough GTBs outlook for the year and they are envisaging higher rates. Proposed minimum wage, election spending, borrowing to fund the budget deficit, etc will all put pressure on the naira.

Below is an excerpt:



We'll see as how it goes

hollerbaby:
Did regular commercial banks say they are tired of bidding on our behalf?.
Abeg let anyone who is using
I-invest continue. Me i-stanbic and i- gtb as usual. Make my small change no go i-fly away biko.
#enoughwithdadvert

Gavrelino123:

hmmm....i-invested marketers....
I'm an Auditor,and i work with KPMG,i have asked my boss severally about this i-investment stuff...She told me to stay clear from it,that you should have someone to hold if your investment fails and not just an unclear application investment process.....Hence,if there's an error,how who would you hold responsible,,;Sterling bank.?
I will personally advice all investors to follow the normal manual-procedure in investing in TB that is recordnized by CBN and insured by NDIC..
Go to the bank yourself and submit your written instructions yourself,if you want to invest in TB.
Avoid all these FastTrack methods!!!
Investing in TB should give one peace of mind...not being under tension for 364 days......omo na die be that ooo.

chukzyfcbb:

it's what technology is doing to us these days. its making us lazy and making everything more dangerous.

what would it cost Mr A/Mrs B to walk to the bank get the rates and pen down his/her request. For me, i thinm that i-invest initiative was targeted at the low income earners.

I can't imagine someone with 1million naira investing in Tbills via I-invest app. Too much laziness and risk on that persons part

RealityShot:
exactly!

i have tried my best to talk people off this.


imagine loosing N1milion to some silly Hacker or glitch on the app..then they will know what am talking about.

am a computer analyst and instructor. I will not say more on this.

those who are too lazy to go to bank and are too lazy to understand how apps work and are too lazy to remember that Chinese hackers can hack US companies from China should go ahead and use the app!


i don't even use bank apps talkless of crap app for investing.. VERY EASY HACKER TARGET

ready4glory:
Hello good people, please, is the Tbill Investment Advice same thing as the Tbill Certificate?
I did a 3 month TBill in December and I was only given a white paper named Investment Advice. Are they the same?
If not, how do I get the certificate?

Just2endowed2:
anyone with the secondary rate and also date for primary market

Barrytone:


Left stanbic with 14.1% for 263 days maturing on 17th October, 2019

HenryWilliams:
Quick question.
Can I have multiple transactions on a single account?
Eg. I wanna buy 91, 182 and 364 day tenor using one single account with sufficient funds?
GTB in mind.

Just2endowed2:


was that the only secondary tenure rate available

gentlemate00:
Exactly! I will submit another one on monday my account officer told me the 364 Day is 15% Stanbic.

chigozienan:
pls how is TB with access bank as in rates. They are my banker so want to know if I can a good deal with them

Chuksgeo:


Hi I am interested in the 91 days term , please how can I get involved, I also own an account at GT bank,
thanks.

gentlemate00:
I will submit another Tbil with my bank these week at 15% Stanbic. Nothing go break naija na just noise.