NewStats: 3,264,784 , 8,184,698 topics. Date: Thursday, 12 June 2025 at 11:17 AM 4a532k

Jerrygotswagg:
you have any ideal what’s their percentage rate for mmf since Stanbic is 21 percent or how do I check the percentage

Jerrygotswagg:
I bank with Zenith bank . I want to invest in money market funds. Do zenith bank offer mmf? If they do , what’s their rate ? And if they don’t , can I use the popular Stanbic ibtc money market even do I don’t have any with them and I reside in Florida.
Do I have to have an with Stanbic ibtc before I can invest in there mmf?
Please which other banks offer mmf ?

yes Quantum Zenith

enque:
So sorry I missed this
I hope you eventually got it sorted?

weeelll not really ooo. I just put my funds back to mmf Lol

enque:


Your interest will depend on the tenor you wanna go with, I.e 180 or 270 days.
Obviously 270 days will give you more

maam, I’m currently with quantum zenith money market. In the spirit of diversification, would you advise I go for this?

iamrichiefola:


The return should be about 560+ for 180 days and 880+ for 270 days

hmmm thank you. It’s better than money market rate right?

Sophie888:
I pray and hope all these would be resolved by tomorrow.

haffar? Any luck? I saw mine this morning

Pls how much am I expecting if I put 5m in Dangotés ?

Saw my acknowledgement mail too

Sophie888:
I pray and hope all these would be resolved by tomorrow.

amen

Sophie888:
Pls did you get the acknowledgement mail?

no i didn’t

Sl2348:

How are you able to scan them together? By saving as PDF?

I used CamScanner and scanned as a single document then saved in jpeg format

bisiofgod:
Can one submit more than one certificate?

I did. I scanned them together and ed because I got an additional certificate after applying

Good day all, please how secure is Springfield Agro limited?

They are currently running meta ads for end of year sales. Do not fall for it! You’ll make payment and there will be no more communication! This is their number 09160002892 that they never respond to.

Emir01:


How can we resolve this. The continue fade out and we cannot click continue

hi, you need to check a box(es) for the certificate(s) you have before the continue button becomes active. Hope this helps

babyboom:

once you click on the professional certificate u have, you will have the option to continue as seen in the attached

thank you so much, this helped

Hi people, the continue button is greyed out on mine and I can even start my application. Anyone else having the same issue? I sent them a mail tho

Very lovely thread. Let me check out your website for one on one tutoring

You go explain tire sha!

mu2sa2:
It was an all-out madness. Nothing to do with religion. Though the antagonists were Muslims and Christians, it was an ethnic-based violence. If you're in Jos North and you look like someone from jos South, even by your dressing, you're set upon. Jos north has a large Muslim population. The opposite was happening in jos south: if you look like a Muslim, even by your dressing, you're done for in that Christian- dominated area.
The Muslims were not doing it for Islam neither were the Christians doing it for Christianity. It was pure MADNESS fueled by ethnic bigotry.
Thank goodness, after all the madness of those days, there's some sense of saneness now. Though, I'm just wondering how the mainly young people who perpetrated the madness are dealing with their conscience now.
Violence of any kind involving taking of human lives is destructive to the soul. It takes a heavy toll on both the victor and vanquished alike. Take the ongoing isreal- hamas war for instance. You'd think it's all good for isreali soldiers given their upper hand in the conflict. Not necessarily, because there are reports of thousands of them now battling ptsd. I read of an isreali soldier who said since his return from the war front in gaza he couldn't eat meat anymore on of having seen mangled human bodies of both sides. War is terrible for ALL. PEACE hurts nobody.

How? Nigerians that lack comprehension should instead, stop listening to him. He should stop granting interviews keh?!

Lampy336:




Try to get her pregnant and leave that to her faith and let her feel the heat of been a betrayer and backstabber..


Then you will tank me later..

Wow! And men are accusing women of trapping them with pregnancy?!

I dunno what’s going on with our MMF sha. Quantum remits interests daily (you see this via the app) but in the last few weeks, it’s been lagging. Like up until now, I’ve not seen my interest for yesterday. Hope nothing? LOL

awesomeJ:


1. Except you find someone that will buy the bills from you below that 18.8%, liquidating won't make any difference.

2. 352-day Tbills at 15.5% discount has about 18.3% yield which is close enough to the MMF yield.


Since you actually bought in March, my opinion is that that 15.5% deal you took wasn't fair enough as rates for long dated bills were already in the 20% levels.

Again, liquidating the bills to seek 18.8% in MMF isn't worth the effort as you're already getting over 18% yield.

sigh! Ok then. Thank you so much for your input. I appreciate

Itsrm:


Your net gain will be less than 100k. Not worth it in my view.

ok thanks for your input

awesomeJ:


I don't know when exactly you bought in February, but I'll assume late February implying that you've held for 90 days.

If the bank decides to discount it at 22%,
Term to maturity is 262 days.
Discount to the new buyer should be 5000000*0.22*262/366 = 790k approximately.

This means the new buyer only pays you 4,210,000.


At the time of purchase, you must have gotten a discount of about 747k meaning you were debited 4,253,000.


So your investment of 4,253,000 in February will now become 4,210,000 now, implying a loss on investment of about 43k.


Kindly note:
1. There are fees that may add up to increase this loss amount.
2. The actual loss may be slightly different since you didn't state the exact date you invested and I don't know the exact date you'll liquidate. But I think 90 days is a good approximation.

3. The primary reason you're losing money here is cos you bought at a low rate(15.5) and prevailing rates are now higher.

4. If the bank doesn't request for a discount as high as 22%, your losses will be reduced, but the higher the discount you're offering, the easier it is to get a buyer and the faster the liquidation.

the main reason I want to sell is that my mutual funds is currently giving me 18.80% or so. Is it worth it to sell off the treasury bills and put it in mutual funds?

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awesomeJ:


I don't know when exactly you bought in February, but I'll assume late February implying that you've held for 90 days.

If the bank decides to discount it at 22%,
Term to maturity is 262 days.
Discount to the new buyer should be 5000000*0.22*262/366 = 790k approximately.

This means the new buyer only pays you 4,210,000.


At the time of purchase, you must have gotten a discount of about 747k meaning you were debited 4,253,000.


So your investment of 4,253,000 in February will now become 4,210,000 now, implying a loss on investment of about 43k.


Kindly note:
1. There are fees that may add up to increase this loss amount.
2. The actual loss may be slightly different since you didn't state the exact date you invested and I don't know the exact date you'll liquidate. But I think 90 days is a good approximation.

3. The primary reason you're losing money here is cos you bought at a low rate(15.5) and prevailing rates are now higher.

4. If the bank doesn't request for a discount as high as 22%, your losses will be reduced, but the higher the discount you're offering, the easier it is to get a buyer and the faster the liquidation.

thank you so much for your analysis. Pls find attached the certificate I was issued

tabithababy:
. Please is this treasury bills

yes but secondary market rate

awesomeJ:


Depends on the tenor.
If it's around 91 days, they'll be expecting to discount your bills at say 19%.
Basically, the going rate plus 1-2% markup.

You may lose part of your principal of you haven't held for long.

If you want more specific analysis, give more info about the investment, we'll run the numbers for you, then you can make an informed decision

ok I did 5million at 15.5% for 352 days with zenith bank

Pls if I bought secondary market tbills at 15.5% in February, assuming I’m selling it now, like how much will it go for?

Misterc:

These are well brought up kids.... Their father is blessed to have such angels.....
If na naija girls now.... Dem for don dey form nonsense.....

they are well brought up because their dad is not Nigerian

Odunharry:

Seems you opted for upfront interest payment. Backend is higher.

Kai!

chukzyfcbb:

15% at secondary market.

Dem don rip you o

enque:


Of course you would have.

Damn!! 😭😭😭