₦airaland Forum

Idiots all over Warri amnd Nigeria

They want a hungry man for stealing 5k asset..

yet they will be celebrating Ibori and Tompolo who have stolen billions from them

idiots!!

"The crowd is bargain hunting in what was; the knowing are buying what will be." - Justin Mamis

Happy Investing!!

ukay2:
Pls my oga feelamong. ...what ishould this prorated stuff...Pls explain to usee. ..

when you have a lot more winning than the amount required at a particular stop rate..

For EG..if CBN intends to raise N50B 91 days bill...and eventually get N48B at below 14% and the last N2b having subscribers who have all bidded 14% to the tune of N5B.

Since CBN needs only N2b, they will look at the bids and then prorate maybe by saying that they will take only 70% of each of those that bidded 14%.

That way, if you bidded 14% for your N1M, CBN will only take the Discounted Value for N700K

ukay2:
Pls my oga feelamong. ...what ishould this prorated stuff...Pls explain to usee. ..

when you have a lot more winning than the amount required at a particular stop rate..

For EG..if CBN intends to raise N50B 91 days bill...and eventually get N48B at below 14% and the last N2b having subscribers who have all bidded 14% to the tune of N5B.

Since CBN needs only N2b, they will look at the bids and then prorate maybe by saying that they will take only 70% of each of those that bidded 14%.

That way, if you bidded 14% for your N1M, CBN will only take the Discounted Value for N700K

ernie4life:
my 14% was accurate

i hope the 14% winners were not prorated sha...

Bill Auction results Stop Rates: 14/09/2016

91day -14%

182day - 17.77%

364day - 18.48%

OBAGADAFFI:
Has anybody received GTB dividend yet

yes!

got mine since Last Friday Night

angelo82:
Access credit us for God's sake.

You should expect this by morrow...

Acces never credits on the same day; hope they prove me wrong today sha

"With no OMO maturities next week, the PMA will be the main driver of market sentiments. On offer are N48.1bn, N48.5bn and N86.7bn on the

91-day, 182-day and 364-day bills respectively; indicating additional borrowing of N86.7bn. We therefore expect a mildly bearish market outlook.

Renewed institutional and retail client interest in T-Bills may however sustain."

This is a small bit from one of the reports i get from one of the banks...

This clearly means that the rates would remain high at the Auction

Tompolo killed his dad..

he should be ashamed of himself..

Nice Gesture from the Army...

Am sure these young Army Docs will also marry some young gels from these communities..

Good one for the communities!

Thunder Fire Tompolo and his Scavengers!!

NOLONGTIN1:
I'll go for 91days at 14.25%

wish me luck....it's my 1st time

Good Luck..

after we go follow u share the Upfront Interest o!

#FirstFruitThings

ukay2:
@feelamong and others....Pls advise us on the bidding rates for 91, 182 and 364 days NTB. ..

@successgee, any info on advise rates from standard bank?


Thanks..

Am still betting around the last Auction stop rates..

Liquidity i still very mush! and we still need to attract the FPIs

ukay2:
Thanks. ..Pls what rates are we going for the different tenors....
Is 20% good for 364 days


Pls advise us as this 17.13 % inflation rate is high...

Thanks

hahahaha 20% where you keep ur gun

the highest we have seen at the OMO is 18.5%

i dont think we will see anything higher than that, mind you Forcadoes is back online, that should help CBN in their search for Forex..

just2endowed:
Can anyone drop bid rates for the previous auction?

I have asked this question before no one seems to ans.

@feelamong

The stop rates for the last Auction!!

91 days: 14.3890.

182days: 17.500.

364days: 18.4240.


I still think we will see around the same in this auction..

ukay2:
@feelamong. ..Pls is 365days NTB going today or only 91 and 182days only??

. ...Pls confirm as am confused. ..

Am waiting for your kind response

Thanks

My bankers have confirmed that there is 364 days..

1wolex85:
Correct news! Just submitted mine at Fidelity bank and they told me the same thing. Is there any specific reason you go through Fidelity securities?

I move between TBill, Bonds and shares....and I want a firm that can handle all for me without transfer charges or delays...

moreover at times I trade on Margin..

ukay2:
But my oga feelamong. ...from the NTB programme from cbn, there is no 365days on 15/09/2016. .....am I the making mistake??

Pls clerify it...

Thanks

I thot The calendar shows there will be a Fresh 364 days issue

http://www.nse.com.ng/Financial_NewsDocs/14906_CONOIL_PLC_AUDITED_DEC_2015_FINANCIAL_STATEMENTS_SEPTEMBER_2016.pdf

4.Dividends: The Directors recommend the payment of a dividend of 300 kobo per share on the results for the year 2015

Interesting....

Austinekg:
Please, will the be an auction for 365days on the 14th Sept, 2016 NTB.

I'm placing a bid for 365day today, so I need to be sure.

Thanks.

yes there is!

why havent they had the guts to face the Military since the military have been catching them like drenched rats?

Na social media give idiots mouth to talk anyhow...

Iranu!!

just got a mail from my bankers.....

-All those that intend to bid for the next Tbills Auction must throw in their bids latest 12 noon on friday 9th of Sept 2016

as it looks now we dont expect any changes in the last stop rates.....CBN has been mopping us cash via OMO

by morrow morning we shall get a clearer picture

Let him continue to spray the cash...

he is lucky that those Scavengers did not hit his oil coy back like they did to my brother , Phillip Ihenacho of Seven Energy

http://punchng.com/forcados-qua-iboe-shutdowns-hit-seven-energy/

Seven Energy International Limited, an integrated gas company in south east Nigeria with upstream oil and gas interests in the region, has taken a serious beating from the shutdowns of Forcados and Qua Iboe terminals.

Seven Energy said it lifted no oil from the OMLs during the first half of the year, compared to 1.8 million barrels last year

Thunder Fire Tompolo and all his Scavengers..

mercylicious:
Mercy kwa?
Mercy is back. but partly.

Missed u guys oooo
Was very busy with trad things.
Wedding coming soon - Oct 1.

Pastor ihediomma, wish to see u there. Bethany hall.
@ph ppl will join u guys soon. I will be needing biz DT move well there both online and offline.

More green to ur portfolio. I checked my fcmb this morning, infact, I haf died.

Bia Mercy...This bethany hall no get address?

I have been on google since to find the address..

Me no wan miss free foods and drinks for this recession o!

FIDELITY24:
pls house I bank with diamond... can I buy tbills through another diamond bank branch or must it be the branch day I opened my account with?

Your name is Fidelity and you are banking with Diamond Bank....

dont come and tell us after that you had a Union with your First Wife when you took your Heritage at the Zenith of your Profession later o!

Happy Investing!

FIDELITY24:
pls wen do we start throwing in our bids since its obvious that Monday n Tuesday will be public holiday due to sallah

I will advise anyone going in for the Auction to throw in his bids latest by Friday..

godash:
Is this O.125% commission fee same as the custody fee also mentioned above?

I asked because Investment-one bought ~1 million naira of TB @ 17.0% at the last auction on my behalf and I've just being informed they'll be charging me 0.5% of the interest as commission.

0.5% is above the CBN approved rate of 0.125%

book a meeting with your account officer asap!

http://www.nse.com.ng/Financial_NewsDocs/14901_UNION_DICON_SALT_-_PRESS_RELEASE_CORPORATE_ACTIONS_SEPTEMBER_2016.pdf

ECONOMIC DIVERSIFICATION:
Union Dicon Plc and Delta State Partners on Cassava Cultivation
*** Company To Set Up Processing Plant***

fxuser:
Emefiele again !

Emefiele is only warning banks so that when he strikes..we wont say the it was knee jerk reaction..

http://www.nan.ng/electricity/loan-to-discos-cbn-to-sanction-banks/

The Central Bank of Nigeria, CBN, said it has approved a sanctions grid to commercial banks participating under the Nigeria Electricity Market Stabilisation Facility (NEMSF), the loans meant for DISCOs and GENCOs.

The bank said in a circular signed by the Director, Financial Policy and Regulation Department CBN, Kelvin Amugo, and posted on its website on Monday to all banks.

The central bank said it had approved the sanction grid to ensure compliance with the terms and conditions of the facility.

The CBN initiated a N213billion Nigeria Electricity Market Stabilization Facility (CBN-NEMSF) after an agreement with the industry stakeholders to address debts owed by generating companies to gas suppliers.

The CBN Governor, Mr Godwin Emefiele disclosed in May that a total of N120 billion out of N213 billion had been disbursed in four tranches.

http://sbmintel.com/2016/09/05/daily-watch-pfas-invest-%E2%82%A61-7-billion-in-infrastructure-ubas-profit-search-goes-abroad/

UBA CEO, Kennedy Uzoka, has that said the bank’s African subsidiaries now account for a quarter of its profit and total deposit base, which is largely made up of low-cost savings and current account deposits. Uzoka made this disclosure during an investor conference call on August 31 on the bank’s 2016 half year results. “I am particularly impressed by the performance of our business in Congo Brazzaville, where we doubled bottom-line, largely through transaction-based offerings,” he said. Uzoka noted that the firm’s African business, excluding Nigeria, contributed a quarter of profit during the period, and possessed a stronger outlook than its home country.