Nigeria plans to auction 126.33 billion naira ($800.19 million) in treasury bills ranging from 3-month to 1-year maturities at its regular monthly debt auction on May 23, the central bank said on Wednesday.

 

The bank said it would issue 30.65 billion naira in 91-day paper, 45 billion naira in 182-day bills and 50 billion in 364-day bills next week Wednesday.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity.

sophisticated investors dont complain as u all do cos they know what share to buy and such is not available for IPOs.guess what they are tax free and regulated for the big shots only.Now the question is how do you break into that ring?...............
http://mydadsfootprints..com/2012/05/science-of-growing-rich.html

PLASTIC IDENTITY CARD PRINTERS AUTHORIZED RESELLER IN NIGERIA[b][/b]
-The Zebra [b]P430i [/b]is part of Zebra’s most popular card printer family, which has tens of thousands of printers installed worldwide. Designed and built for demanding environments, the P430i delivers reliability and performance for high-volume card production. The P430i has the flexibility to meet your specific requirements through integrated networking and encoding options for contact and contactless smart cards, Gen 2 UHF, as well as magnetic stripe cards. Affordable and easy to use, the Zebra P430i is a leader in dual-sided performance card printers for customized employee and student ID, membership, loyalty and gift cards.

-With advanced design and solid reliability, the Zebra P120i [/b]makes dual-sided card printing more affordable than ever. Use the P120i to enhance security with clearly identifiable photo IDs or access control cards. Or, build customer loyalty with great-looking membership cards or gift cards. In any application, the compact and easy-to-use P120i is a revolution in versatility and cost-effectiveness. This sleek, lightweight card printer includes features such as Load-N-Go ribbon cartridge with integrated cleaning roller, CardSense single card-feed and more. Printing color or monochrome, one or both sides, the P120i saves businesses time and money.

For long lasting, tamper resistant identification cards that are difficult to counterfeit, the [b]P640i, with its revolutionary design, is your best choice. It provides reliability, ease of use, superior print quality and a low cost per card. By offering customizable levels of security, the P640i makes protecting your ID cards easier, faster, and more economical. Full-color ID cards with dual-sided lamination provide an excellent solution for any demanding card application. When security counts, count on Zebra.

sales enquiries pls call bayo on 08135586674, email. idprintersales@gmail.com

Interesting thread. Very enlightening!

in_sure: Interesting thread. Very enlightening!

Just got this from my bankers as per the Auction for Tbills yesterday......

The respective stop rates are below for the Recent Auction :

TBILL PRIMARY AUCTION RESULTS
Tenor 91 Days 182 Days 364 Days
Stop rate (%) 13.50% 14.14% 14.30%
Amt. Offered (₦bn) 30.65 45.00 50.68

feelamong:

The respective stop rates are below for the Recent Auction :

TBILL PRIMARY AUCTION RESULTS
Tenor 91 Days 182 Days 364 Days
Stop rate (%) 13.50% 14.14% 14.30%
Amt. Offered (₦bn) 30.65 45.00 50.68

Yields are looking up once again!!!! Clearly with an increased inflation figure released last couple of weeks..the higher yields were sort of expected!!

This is real good news

see for your self, 15 businesses that cough out good profit this raining season, Any smart person should start this see it http://mind2billion..com/2012/05/15-businesses-for-serious-people-during.html

efismikoko: This is real good news

http://af.reuters.com/article/nigeriaNews/idAFL5E8GP4YQ20120525

Nigeria sells 126 bln naira in T-bills, yields rise

LAGOS May 25 (Reuters) - Nigeria sold a total of 126.32 billion naira ($791.35 million) in treasury bills ranging from three months to one year at its bi-monthly auction, with higher yields on the paper than at the previous auction, the central bank said on Friday.

The bank on Thursday sold 30.64 billion naira worth of the 91-day paper at a return of 13.50 percent, up from 13.19 percent at the previous auction.

The 45 billion naira worth of the 182-day paper was issued at 14.14 percent, compared with 13.87 percent at the previous auction, while the bank issued 50.68 billion naira worth of 1-year paper at a return of 13.30 percent, lower than the 13.94 percent at an auction on April 10.

Total subscriptions stood at 307.28 billion naira, a sharp drop from 513.42 billion naira demanded at the last auction, reflecting declining interest by offshore investors in short-dated debt instruments, traders said.

High inflation and the declining value of the local currency is leading offshore investors to sell down their local debt holdings and repatriate the funds, putting further pressure on the local currency, dealers told Reuters.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce the money supply, curb inflation and help lenders manage their liquidity. ($1 = 159.62 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks)

Give your business the fresh new unique look youve been searching

for, Speak thorugh you Logo design, corporate designs, ID's and

more.

Our services include:

Logo designs
Business cards
Banners/website banners
Roll up Banners
Corporate Branding

Book cover design
Album cover design
Corporate Branding
ID cards and everything in between.
Working with the most sophisticated design tools we guarantee you

the best of service.

CONTACT US ON:
Facebook page: http://www.facebook.com/xFabulos
Phone: 07030750196
Email: xfabulous212@yahoo.com
BBM: 31351179

Offering you the best is what we do.

Oga feelamong I tink business day made a mistake for the 1yr it shld b 14.30

efismikoko: Oga feelamong I tink business day made a mistake for the 1yr it shld b 14.30

yea.. well spotted. You are very correct!!! It should actually be 14.30% for the 1 year tenor!

http://www.businessdayonline.com/NG/index.php/markets/bond-market/38853-fg-to-raise-n138bn-in-treasury-bills

FG to raise N138bn in treasury bills

The federal government plans to issue 137.97 billion naira ($862.58 million) in treasury bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction on June 7, the central bank said on Friday.

The bank plans to issue 32.97 billion naira in 91-day paper, 45 billion naira in 182-day bills and 60 billion in 364-day bills next week on Wednesday.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity.

The short-dated debt of Africa's top energy producer attracted higher yields across the board at the last auction on May 23 compared with the one earlier, due to concerns on rising inflation.

Please can some give me a list of good nigeria discount homes for T bills subscription, and those companies with good internet presence. You can also email me the info at akuwudikeezechima@yahoo.com. Thanks

@feelamong, Can someone invest with USD and get dividends in USD considering the volatility of our local currency. For instance I opt to invest 10000USD and collect my returns in USD.

@feelamong, i sent you an email via akuwudikeeze@yahoo.com. Please i would appriciate your reply.

noriega: @feelamong, i sent you an email via akuwudikeeze@yahoo.com. Please i would appriciate your reply.

check ur mail!

Himalayas: @feelamong, Can someone invest with USD and get dividends in USD considering the volatility of our local currency. For instance I opt to invest 10000USD and collect my returns in USD.

Am not sure you can invest in dollars....from what i hear; the dollars when imported into naija will have to be converted to Naira before you can invest. Then at the end you will convert back to Dollars to move the funds out. (but since you intend to move out the funds after; you will have to get a capital import certificate from your bankers out there.

@feelamong Iwill appreciate if you willPlease can some give me a list of good nigeria discount homes for T bills subscription, and those companies with good internet.Send it to magnusbennoa@yahoo.com. On the other hand do you think my bank can convieniently do that service for me?

Also what do you thinkof this punch newspaper report?

Tuesday, June 5, 2012

Naira hits four-month low as investors shed interest

by Ademola Alawiye with agency report

The naira weakened to a four-month low on Monday as foreign investors continued to pull out their money from government bills and bonds due to fears about inflation and currency weakness.


Naira notes

advertisement

The local unit was traded at N161.25 to the dollar on Monday, as against N160.70 on Friday at the inter-bank market.

Dealers said weakening United States job data and the unresolved Eurozone debt crisis had prompted foreign investors to pull money out of riskier frontier markets including Nigeria to safe havens or to switch to cash.

Reuters quoted a dealer as saying, "Foreign investors are exiting the market and that is affecting the naira. This has been the trend since May. Foreign investors are exiting their bond positions in Nigeria owing to the rise in inflation, projected to reach 14.5 per cent by the third quarter, from 12.9 per cent in April, which means a worse outlook for the naira."

Another dealer was quoted as saying, "The naira was also very illiquid at the moment. Real interest rates have slimmed down due to a rise in inflation and forex rates are going up."

On Monday, the Central Bank of Nigeria auctioned $300m at N155.80 to the dollar, which was not enough to support the local currency. It sold $250m at N155.75 at its last auction on Wednesday but did not disclose the amount demanded.

The naira has been falling in recent weeks, despite Nigeria's foreign exchange reserves rising to a 21-month high of $37.64bn by May 28, up three per cent from a month earlier, as dollar supply still fails to meet demand.

The currency, which had consistently stabilised around the N157 to the dollar level for more than three months of this year, came under pressure two weeks ago from strong dollar demand from fuel importers and investors repatriating dividends.

The CBN has directly sold dollars in the inter-bank market since last week, outside its bi-weekly foreign exchange auction, to calm the market, with mixed results.

On Monday, bond yields rose across all maturities, by up to 20 basis points, dealers said. The most liquid three-year paper was trading at 15.1 per cent, up from Friday's close of 15.02 per cent.

The five-year paper was 15.43 per cent, from 15.35 per cent on Friday, while the 10-year bond traded 15.67 per cent, up from Friday's 15.48 per cent.

The Head of Rates and Credit, Standard Chartered Bank, Mr. Ayodeji Adelagun, said, "The bond market has been extremely bearish due to illiquidity and developments offshore.

The foreign investors are only doing what they have to do...especially when there is fear of devaluation of the local currency due to the dwindling price of crude oil in the international market. They will first stay on the side line hold their dollars and be sure that the currency has been fully devalued after which they will come in back. they do not want to bear the risk of currency devaluation during the exchange back to dollars when their Tbills mature.

As for local people like us, what difference does it make? If I put my money in the bank and Naira loses value, am losing value of my Naira. But for those who can wait, the idea is to convert the money to dollars, after the naira has lost the expected value and maybe trading at N200 to a Dollar, then we convert back to Naira and play once again in the Tbills Market.

For us locals, this is our chance to key into the Tbills market especially as most foreign investors want to wait and see if Sanusi will allow Naira to devalue further (naira is already going for N162)

On a personal note, I dont give my bankers any free money, they must pay for my funds being with them....what i do is to place all monies I have on call at 5% p.a and the rest I place in Tbills at 13 -15% p.a.

All i leave behind is the one i need to go by daily in my current account maybe about 50k. If I have any need to pay a bill or for cash more than that amount i keep in my acct, I just call my account officer and liquidate some of the money on call into my current account to pay the bill.

http://af.reuters.com/article/nigeriaNews/idAFL5E8H60T420120606

NIGERIA MARKETS
Nigeria's naira extended losses against the U.S. dollar on the
interbank market on Tuesday, weakening to a 5-1/2 month low as foreign
investors continued to pull out of government bonds.


Nigeria's all-share index drops to a six-week low, as local
funds switch to bonds for higher yields and offshore investors sell off
their naira positions to repatriate funds abroad. nL5E8H58B1
[/b]

@feelamong

Good job here and thamks for all the info.

i am aware there was an auction today< is it still possible to buy into it

whatelsedo: @feelamong

Good job here and thamks for all the info.

i am aware there was an auction today< is it still possible to buy into it

You missed the train Bro....From what I was told by my bankers; I have to bid on tuesday, cos they go to CBN with our bids on wednesdays..

Try the one for next two weeks time!

I fixed 1million naira at Gtb since march and tomorrow is the pay back day.Pls can I still bid for the Treasury bill tomorror? If yes, how ll I go about it? Your urgent reply ll be appreciated as I'm planning to visit my branch tomorrow.Thanks.

tenry: I fixed 1million naira at Gtb since march and tomorrow is the pay back day.Pls can I still bid for the Treasury bill tomorror? If yes, how ll I go about it? Your urgent reply ll be appreciated as I'm planning to visit my branch tomorrow.Thanks.

Bro.. U mised the train this time around! Usually I place my Bid on Tuesdays...the bank then takes it to CBN on wednesdays and by thursday afternoon the result of the Bids is announced.

I will suggest that you liquidate ur fixed deposit, you put ur money on call for the next 12 days and bid for the next auction.