₦airaland Forum

walexlo78:
Hello, I have heard about the Access bank commercial paper where they are trying to raise N100b. The rates are somewhat interesting. Please see short details below:

Issuer Access Bank plc (Access Bank)
Size Up to ₦37 billion
Tenor 90, 180 and 270 days
Discount Rate 90 days – 18.75%
180 days – 19.00%
270 days – 19.20%
Effective Yield 90 days – 19.66%
180 days – 20.96%
270 days – 22.38%
Issuer Rating “A+’’ Long-Term (GCR) / “A+” (Agusto & Co)
Minimum Subscription ₦5million and multiples of ₦1,000 thereafter
Tax Considerations Free and clear of withholding taxes
Offer Opens 25 May, 2017
Offer Closes 31 May, 2017
Circulate the Allocation Notice to investors 1 June, 2017
Investors fund their commitments 2 June, 2017

Do we have an expert in house that can help us understand more on the CP and if its better to invest in it than Tbills considering all elements including risks. This tranche seems to be rounding up but very high probability that they will sell in another round.

k199192:
I go like o... Do I need papers to be a roustabout? I'm a Bsc holder. As no job yet, I could do with roustabout.. Believe me... If you can fix me in don't think twice please. Thanks.

zamirikpo:
guyz.....is the CBN holding any auctions....today, abi na tomorrow. I am very broke

k199192:
oh my bad... I am just one of the hopefuls though... Thanks for giving a good insight into the situation. And just incase you guys might need some roustabout on the subsea platform, don't forget k199192 is yet to get a job so I would do even less than roustabout. Thanks.

k199192:
you sound like your house is next to the HR complex... Please help me ask them (your neighbours) when they will contact other departments.. Thanks.

osasomoruyi:
Thanks a lot ....I currently have a little place which I freelance my ICT skills but I can make up to 25k on a good day for the business owner but at d end of the day he gives me 1k or sometimes 1500....asked him to employ me full time but e just laughs and says he cant afford to pay a bsc graduate and i cant complain sometimes cos working for him keeps me busy and that meagre income do sustain my feeding....have engaged my hands but my mind is at torture

deepwater:
Please house, what is the bank charges for stanbic ibtc??

dkjmoses:
Good day house, just want to know if all those that were invited for the medicals got the the mail requesting them to for payment slip, employment letter, and resignation letter. Kindly respond if you have the information.

Thank you

friffy:
Hello guys, Congrats to those called and to those yet to be called just keep hope alive.
Concerning the selection letter, I do Have the following submissions:

1. Ridiculous allowance . We must try to separate the training from normal engagement. Dangote has secured his part with the 5 year bond. So no favour here. We must also secure a better remuneration. Remember you will not just quit your accommodation all in the name of travelling to India for one year.
2. I think they should give us better timeline for the programme rather than saying with immediate effect
3.Does selection letter equals employment letter?
4. Payment in India rupees sure exposes you to currency risk when trying to send money home to dependents. Conventional practice is to pay in dollars. This is done in also organisation for oversee trips. Payment is made in the stronger and relatively stable currency
What do we think guys?

deepwater:
Pls confirm, is.this for secondary or primary market??

Investnow2017:
Interesting. Stanbic IBTC gave what I would call an impressive 17.7% on a 364day tenor on Treasury Bill. I think one other interesting dimension is that once discounted, the rate holds true for the bargain. Another reason why TB is safe and predictable