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Emndy's Posts

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InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 8:04am On Jun 17, 2021
NTB

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 12:49pm On Jun 10, 2021
arduino:
Send me PM when Zenith hits N50. Thank you.
Na crypto?...
Coupled with the policy, economic and mainly security uncertainties associated with 2023 election yr (uncertainties which will start becoming very obvious from next yr).

My bother buying in tranches is ok..but some very heavy retail value investors are busy making money in fixed income securities while they sit tight for the pickings when the FPIs will begin to react and offload...just a matter of time..b/w 2022/2023.

We have to bear in mind that these uncertainties have consequencies
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 3:15pm On Jun 07, 2021
pizapato:
CBN is just crazy with the rule of only inflow can be transferred. Whether inflow or cash deposit, the money belongs to the account holder and he should be allowed to do whatever he wants with it.
Nigeria and frustrating people sha
My thoughts exactly!
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 12:05pm On Jun 07, 2021
erwinschro:
What brokerage do you guys use here? Which do you think is the best in terms of execution and which has the lowest fees?
I find a fair balance with "Morgan Capital" - execution is immediate & fees are low.

*my opinion*
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 12:22am On Jun 07, 2021
chigo4u:
Does anyone knows fund this. Any Swift fees and do they accept cash deposit.
*Cash deposits aren't allowed.
*Transfer fees apply when carrying out interbank transfers ( all fees borne by you).
*A way to avoid the transfer fees when subscribing is to have a usd acct domiciled in the same bank as the fund custodian bank, this way you simply source fr your usd (as inflow) and then do an intra bank transfer to the eurobond fund act.

Even if you buy cash then depisit in ur dorm act, you won't be able to use it for wealth mgt activities like yje eurobond or usd funds. Funds must be inflow.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 10:51pm On May 30, 2021
Has the market already priced in the recent increasing security uncertainties in the country?

June will be an interesting month to observe market reaction (if any).

Also crude price at current levels is a +ve. However with the opec+ set to meet in days to approve some reduction in the prod cuts and iran ready to ramp-up prodcution as soon as sanctions are lifted, One wonders how will all these impact the NGX.

Just thinking out loud
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 3:13pm On May 29, 2021
Tobex4realTobex234:
I suggest Standard Chartered because you can also open a Kenyan KES account with them. So the next time you want to convert naira, you only need to buy KES and then convert the KES to USD in their app. So this means you don't have to be buying dollars physically all the time.
Ok..this is new info fr me. How do you buy Kenyan Shilling with Naira? via the bank? 3rd party?..where/which?
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 2:56pm On May 29, 2021
Tobex4realTobex234:
I'm happy you want to convert God forsaken Nigerian naira to USD. A very smart thing to do.

But bear in mind that to be truly free, you need to invest your USD in instruments that are beyond the reach of the FGN. There is an easy way out of this but I'm not ready to receive banters here for giving a free advice.

So the other way is to open off shore accounts. Try Kenya or Ghana. For Kenya I suggest Standard Chartered.

It may appear daunting but please do it now. Save yourself from the shackles of the Nigerian government incessant devaluation. Even Dangote wants to keep 60% in USD despite all his naira investments.
Haba! Brother, It's not that bad na..
We still live in naija and mostly spend the naira na.
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 1:53pm On May 29, 2021
purleesh:
One thing I've observed.... All of you here quarrelling are smart hardworking intelligent folks.
Please spare a moment off your "banter" and advise me further.

I want to convert all "our" cash to USD via mallam since their rate is better than banks, do Eurobond and rest from this Naira devaluation wahala...but banks aren't accepting more than $5k cash deposit a month.

Please how else do I go about this sirs/mas? Kindly help
Purleesh,
Understand that due to cbn policy, banks no longer allow cash usd deposits to be used for wealth management activities..(i.e all dem USD/eurobond funds etc.)

So I'll advise you buy usd as inflow (and not cash) since there is no restricrion as to the amt and the usage if its an inflow.
By inflow, i mean electronic transfer.

Everdon bdc offer this service although @ 510naira last time i used them. I am open to suggestions as to an alternative...if any one knows how to buy inflow usd at better rates.

Hope this helps.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 9:07am On May 28, 2021
emmanuelewumi:
Smart people know that it is good on the long run to convert their active incomes made through salaries, trading profits, commissions etc to Investments or ventures that will give passive income like rents, dividends, royalties, coupons, interests etc
yea like planting trees whose fruits will ripen & drop off in seasons, without your active participation

you sweat once by planting the tree and allow time do the rest.

Mango tree comes to mind grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 8:48am On May 28, 2021
To make (real longterm) money in stocks, you need to have vision to see them, courage to buy them and patience to hold them.

Patience is the rarest of the three.

~Thomas Phelps
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 3:41pm On May 27, 2021
emmanuelewumi:
Can someone explain why lunch bought with dividends tastes more delicious?


Why vacation sponsored by dividend income is more memorable
Ahh Oga, Still doing this research oo grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 3:32pm On May 27, 2021
emmanuelewumi:
Check again, Okomu just paid me at 14.43 hours
Ok. Good. The palm kernel dem don land
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 12:35pm On May 27, 2021
What's up with Okomu? Thought divs. were to be paid yesterday 26th.?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 11:41am On May 27, 2021
Dangcem don land
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 7:26pm On May 26, 2021
efismikoko:
Please anyone with today’s bid result thanks
NTB

InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 3:23pm On May 26, 2021
emmanuelewumi:
Not at all.

I don't check them everyday and when I do, it doesn't take more than 5 minutes
Oga Emma, no eurobond/dollar fund? Any particular reason why?
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 7:20pm On May 25, 2021
emmanuelewumi:
It depends, you should get additional 2% or thereabout.

Find attached the snap shot of the returns since 2017 and the additional returns
Thanks a lot.
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 4:55pm On May 25, 2021
emmanuelewumi:
You need to hold your VGIF for 6 months to avoid penalties.

4.5% by VGIF is the minimum, you should expect an additional payment at the end of June
That won't apply as i have had the account for over 2 years.

As for the additional payment/returns outside of the 4.5%, do we know relatively what additional percent? (historically)?

maybe @emmasoft can enlighten me.
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 3:18pm On May 25, 2021
MPR maintained at 11.5%

Oga Emma
@emmanuelewumi .Any thoughts?

With FBN MMF @ circa 6.5%, time to port reserves/emergency fund from VGIF to FBNMMF.

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 2:45pm On May 25, 2021
Willie2015:
Patience, my brother ...
is a virtue you must have in ...
Dis stock biz...
I am also waitin for others too...
GT, Stanbic .....Seplat....etc etc
I agree Bro! A virtue very difficult esp when liquidity abounds. Practical self restraint is required.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 2:27pm On May 25, 2021
Emndy:
It will still come down before it goes Up. Patience!
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 2:25pm On May 25, 2021
samguru:
Oga,zenith bank at this current price is doing bonanza.
It will still come down before heading significantly Up.

Patience!
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 1:35pm On May 25, 2021
Wapco div. don land
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 7:04pm On Apr 14, 2021
NTB

InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 8:04pm On Apr 11, 2021
obaze21:
Hello, please anyone that help out!. .pleasssseeee. cry
ARM is ok. Redemption effected on a working day before noon gets credited sameday 4-6pm. While redp effected after noon gets credited next working day.

Maximum daily withdrawal is 500k by default.

Customer service is good aswell. Hope this helps.
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 6:43pm On Mar 11, 2021
NTB Mar 10th stop rates

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 5:44pm On Mar 11, 2021
OBAGADAFFI:
If you want to buy value, this is the best time.
naaaa !!!. a better value opportunity lurks after this dividend season. Apr-june. considering the increasing money market yields.
Money will still leave the NSE and better entry points will present themselves.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 10:23am On Mar 09, 2021
seyisanya:
It's so full that my offer is not even visible on the offer table. There seems to be an extra page(sheet) of UBA offers cheesy
the offers seem to be piling up

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 10:19am On Mar 09, 2021
chai !! UBA...see dumping. this dumping will still persist tomorrow oo. wahala 56% drop in dividends with no prior warning.
InvestmentRe: Treasury Bills In Nigeria by Emndy(m): 8:30am On Feb 28, 2021
Emefiele made the disclosure on Saturday during an inspection tour of the sites of Dangote Refinery, Petrochemicals Complex Fertiliser Plant and Subsea Gas Pipeline projects at Ibeju Lekki, Lagos.

The CBN governor noted that the 15 billion dollar projects being constructed by the Dangote Group would save Nigeria from expending about 41 per cent of its foreign exchange on importation of petroleum products.

Emefiele said: ”Based on agreement and discussions with the Nigerian National Petroleum Corporation and the oil companies, the Dangote Refinery can buy its crude in naira, refine it, and produce it for Nigerians’ use in naira.

“That is the element where foreign exchange is saved for the country becomes very clear.

“We are also very optimistic that by refining this product here in Nigeria, all those costs associated with either demurrage from import, costs associated with freight will be totally eliminated.

“This will make the price of our petroleum products cheaper in naira.

“If we are lucky that what the refinery produces is more than we need locally you will see Nigerian businessmen buying small vessels to take them to our West African neighbours to sell to them in naira.

“This will increase our volume in naira and help to push it into the Economic Community of West African States as a currency,” Emefiele said.

Emefiele expressed optimism that the refinery would be completed by the first quarter of 2022, adding that this would put an end to the issue of petrol subsidy in the country.

“I am saying that by this time next year, our cost of import of petroleum products for petrochemicals or fertiliser will be able to save that which will save Nigeria’s reserve


Question: What are your thoughts regarding this w.r.t the naira in the medium termhuh
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 5:15pm On Feb 11, 2021
yMcy56:
One thing is: the market can be unpredictable, tomorrow the tide may change again...........those jumping out this minute may start jumping in the next minute.........
I've not really seen any significant thing causing the sell off........ especially when dividends are around the corner.
Well, the better for bargain hunters....
OMO & NTB rates on the rise. Investors taking profit from equities and migrating to money market. I believe rates will continue to improve even into H2. 2021

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