angelo82:





I am enjoying the buy so much that I have acquired about 500,000 units of FBN under 10Naira....Its my turn to beat that market......Thanks also to the online brokerage firm......

Wow! Nice one o, make me sef come enter market o, though, I feel it hasn't really bottomed out. Expect more.

Elai147:


wetin man pikin go do? Na to take advantage of the current economic situation and plan for the future.

Yes o!

Frankly if TBills go any higher than 13% we are all in trouble. It means your Naira is useless. Don't wish it.

nitrogen:

Wow! Nice one o, make me sef come enter market o, though, I feel it hasn't really bottomed out. Expect more.

Surprisingly,after that MPC meeting everything has been in the Green zone and if it reach 14 0r 15naira,I will sell within a minute.......I think I now know very well when to get in and get out of the market.....But without the online broking service,it would have been impossible but thanks to that Oscar guy for bringing innovation to our stock market.....One important lesson separate your fixed income investment from equities...And buy only blue chip stocks so as to always get value no matter what the situation is.........It seems mutual fund will fizzle out soon....

coderXO:
Frankly if TBills go any higher than 13% we are all in trouble. It means your Naira is useless. Don't wish it.

Only a year T.Bills will yield as much as 13.5% but short term Tbills can never yield that much......I am sure Naira will regain value by Feb.. 2015.....

Good read: https://www.nairaland.com/2017762/bricklayers-explanation-oil-price-fall

Please, is it safe to buy Tbills 91days by mid december considering the way the country is and also election uncertainties?

giftbox:
Please, is it safe to buy Tbills 91days by mid december considering the way the country is and also election uncertainties?

it is very wise to buy but make sure you get a high stop rate when buying to make up for the risk incase yawa gas. Bt to be frank guys ntin will happen come 2015 it just an election.politician will always be politician abi them get another country other than 9ja?

angelo82:


Only a year T.Bills will yield as much as 13.5% but short term Tbills can never yield that much......I am sure Naira will regain value by Feb.. 2015.....

says who? My first T.bill 2ys ago was above 13 percent for 91days.

dandollar1:
says who? My first T.bill 2ys ago was above 13 percent for 91days.

Because interest rate has been increased to 13% is not a guarantee for high interest on TBills........There are other factors that determine increase in rates on all instruments.....But across all tenure for now interest rates will inch up slowly by 0.50% and not automatic increase.....So two years ago is not today,the indices are different now.....Yep I said so!

thanks for the info

obiak4:

it is very wise to buy but make sure you get a high stop rate when buying to make up for the risk incase yawa gas. Bt to be frank guys ntin will happen come 2015 it just an election.politician will always be politician abi them get another country other than 9ja?

Pls what do you meant by 'you get a high stop rate'?

When is the next auction?

Seun:
When is the next auction?

Tomorrow Wednesday 3 December

Gud a.m house,you can look up http://www.proshareng.com/news/25291 . It's meant as a sensible guide for today's likely bid rates and not the actual bid rate O please!! Heads up,everyone

Damolaskynov:
Gud a.m house,you can look up http://www.proshareng.com/news/25291 . It's meant as a sensible guide for today's likely bid rates and not the actual bid rate O please!! Heads up,everyone

I really think the TB bids should be in the range of 15% --18% plus. The fact naira has been devalued by 8% is strong reason for the Fed to pay 16-18% interest on principal. And most likely, there will be a lot of skepticism among customers targeting this market.

NGN Term Deposit Rates


Term Fixed Rate
O/N 9.50
2WK 11.3
1M 12.3
2M 12.5
3M 12.7
6M 13.2
12M 13.5


Above are the rates at Rand Merchant Bank in Nigeria....Very high but just don't know much about this bank....


http://www.rmb.co.za/nigeria/rates.asp

proshare analysis to me is not exciting at all was expecting a double digit ++ for 91day let me just keep my finger crossed if not o.y.o

obiak4:
proshare analysis to me is not exciting at all was expecting a double digit ++ for 91day let me just keep my finger crossed if not o.y.o

Exactly!

But they are the analysts/experts so I no go argue. 364 day Tbill was 12.4% last auction before the rate rise and devaluation, yet they reckon we should bid maximum 11.2% for 364 day Tbill.

Since the economic downturn of 2008 and Lehman Brothers collapse, I dont trust anything these analysts say. How come the thousands of analysts working in the major banking corporations didnt see the recession coming infact many of these organisatiins were consumed by it.

91 DAYS – 10.050%

182 DAYS – 13.4900%

364 DAYS – 13.5800%

auction results for 1ST week of December 2014. 3/12/14

Rate don dey go up

EGUNMOTORS:
91 DAYS – 10.050%

182 DAYS – 13.4900%

364 DAYS – 13.5800%

auction results for 1ST week of December 2014. 3/12/14

Rate don dey go up

Yes!!! Wa sèrè. Christmas go sweet DIE!

I upped my bid from 12.5% to 13% for 364 days after the CBN announcement. My hunch was correct. The analysts were way off!

Please when is the next TB auction?

Tosinng:
Please when is the next TB auction?

Wednesday 17 December

The current rates are still conservative, should be over 14%. CBN can't devalue Naira by over 8%, increase borrowing rate, and not adjust TB rate accordingly. Economically it doesn't make sense.

Gud a.m house.I got 9.9% for 91 days TB from GT bank yesterday at the bank's rate. I dunno if there are will be auction on the 17th,I'm done for the year. I only hope and pray that these stupid politicians we have don't tilt Nigeria over next year...happy holidays ahead,everyone!!!

petikal:
The current rates are still conservative, should be over 14%. CBN can't devalue Naira by over 8%, increase borrowing rate, and not adjust TB rate accordingly. Economically it doesn't make sense.

True talk. Very soon the rates will get there.

petikal:
The current rates are still conservative, should be over 14%. CBN can't devalue Naira by over 8%, increase borrowing rate, and not adjust TB rate accordingly. Economically it doesn't make sense.

Very true!

Once 90 days rate gets 13% then I will come back fully..

Pls, can someone kindly help me with this enquiry.
Is the same rate applied for all customers irrespective of their agents/banks?
I saw a post above me quoting 9.9% whereas another person posted 10.05-13.4%
Why the difference?

MOBBDEEP:
Pls, can someone kindly help me with this enquiry.
Is the same rate applied for all customers irrespective of their agents/banks?
I saw a post above me quoting 9.9% whereas another person posted 10.05-13.4%
Why the difference?

No. Bids that are equal to or lower than the CBN´s stop rate will be successful. So it actually depends on your bid.

Elai147:


No. Bids that are equal to or lower than the CBN´s stop rate will be successful. So it actually depends on your bid.

Thank you Sir & may God increase your knowledge.
Please, I have 3 followup questions to your response which are:
* How do the banks (as my agent) make their gains?
* Can the bank's bid differs from mine e.g supposing I place a bid of 10%, can the bank go to make a bid of 13% with my money?
*How does one ensure that the bank does not jeopardize my bid or trade?

NB: Pls, anyone can kindly answer me!

MOBBDEEP:

Thank you Sir & may God increase your knowledge.
Please, I have 3 followup questions to your response which are:
* How do the banks (as my agent) make their gains?
* Can the bank's bid differs from mine e.g supposing I place a bid of 10%, can the bank go to make a bid of 13% with my money?
*How does one ensure that the bank does not jeopardize my bid or trade?

NB: Pls, anyone can kindly answer me!

Banks rarely give you CBN rate, unless you're an excellent predictor.

Here are your possible outcomes:

- You specify 12.3%, and bank wins at 12.3%, you get 12.3%. Bank makes no money.

- You specify 12%, bank wins at 11.98%, you miss out. Your money stays in your account.

- You don't specify a minimum, bank bids to their best max and wins, you get the winning percentage minus 0.2-0.4%.