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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 10:48am On Sep 06, 2016

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.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 8:34am On Sep 05, 2016

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.

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 7:44am On Sep 05, 2016*

Royal155:
Could you guys believe that since I started investing in T.Bills with a particular bank branch, nothing has been deducted as custodian charge or commission after a successful bidding?

I have also noticed that in some banks....

Obviously it may be due to the fact that they did not buy the Bills in your name and as such do not have to incur a separate Custody Charge when warehousing the Bills with the custodian..

This practise should be common with the banks that insist on everyone going with their own rates

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 7:27am On Sep 05, 2016*

kelvinodum:
Diamond bank also debited me 500 naira for TBill's auction commission as well as custody fee ,I never heard of auction commission tho

I think its important to put the charges for Tbills into proper perspective...

CBN approved 3 charges for Tbills Auction

Transaction Charge - 0.125% of the Earned Interest

Custody Fee - 0.1% of the Face value *no of days the Tbills is held in a year

Some Banks also charge N100 service charge per transaction

So If was Investing N1m for 91 days at 9.5% the charges will be

Transaction Charge - 0.125/100 * 23,684.93 = 29.61

Custody fee - N1,000,000 *0.1/100 *30/365 *3 = 246.58

Bank Charge per Transaction - N100

Total Charges = 376.18

(Note that The Discount Rate and Tenor also affects the charges)

1 Like

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 7:20am On Sep 05, 2016

needful:
Hello everyone, pls I have 5m that is lying idle in diamond bank and will like to play around with treasury bill. Pls what can I make in 6months in treasury bill with my 5m. Also I need to know how it works. Someone should pls teach me.

Speak to your bankers...

at 17.5% (182 days) Tbills your upfront Interest is close to N436K cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 10:02pm On Sep 04, 2016

fxuser:
Nigeria's state oil company says could be crippled by Delta militancy
http://af.reuters.com/article/nigeriaNews/idAFL8N1BG0MQ

'' . . . Nigeria's crude oil output down by 700,000 barrels per day (bpd) to 1.56 million bpd since the start of the year ''

#worrisome

Correct!

This is exactly why Gen Buratai Crocodile needs to keep smiling in the Niger Delta...

To Clear their doubts!! grin

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 4:27pm On Sep 02, 2016

locodemy:
Why tell us now the trend is up.........we never hear any noise making all these while the stock is bearish.........you and peterichy has no difference if not same person operating two monikers.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 11:30am On Sep 02, 2016

locodemy:
This bears really touched plenty of us here o........see as guys full online just dey view without any comment.........even the question i asked,nobody reply.......i just pray that next week should be better than this one so that my guys go begin to post comments here again o.

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 3:56pm On Sep 01, 2016

abimbola01:
I have just been informed that my bid was successful @17.75% for 364 days. @GTB
Please,I need some clarifications, am a first timer. The result of the auction for yesterday was 18.40% for 364 days ,wondering why i got 17.75%.
Thanks in advance.

For treasury Bills auction..you are served based on the bid discount rate you quoted!

18.40% was the stop rate so any one that bids below that would be served based on their rates..

as for those that bidded above they are on their own..

while those that bidded at exactly that rate would have to wait to see that they have not been prorated based on the no of winning bids at that rate..

1 Like

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 2:59pm On Sep 01, 2016

manlikegb:
First bank just sent my money back to me saying "Failed NTB transaction". Is this a joke or something? How are we sure these banks are not trying to keep our money with them instead of keying it in T.bills on our behalf. I wish everyone can bid directly without having to go through these banks.

My questions:

1. Does anyone know if I can bid for TB through FBN Asset Management(FBNquest). I'm thinking they may be more responsible than FBN.
2. Is it possible to bid through Fidelity Securities without having a fidelity bank account?
3. Big boss @feelamong, how can you link a brother up with your contacts at Fidelity Securities?

@feelamong, @easyflow and other gurus, over to you, thanks for the usual help.

I cannot post the name of the contact here..

just PM me

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 10:53am On Sep 01, 2016

debeey87:
http://nse.com.ng/Financial_NewsDocs/14825_DANGOTE_CEMENT_PRESS_RELEASE_CORPORATE_ACTIONS_AUGUST_2016.pdf

Good one for the Coal Miners...anyone listed on the NSE?

I pity the gas industry ....the damage being done by the ND Militants would take time to recover..

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 3:20pm On Aug 31, 2016

fxuser:
-volumes this past week suggest accumulation rather than sell off
-bye bye August
- sigh

smart men accumulating...

dull men lamenting... cheesy

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 2:50pm On Aug 31, 2016

BreakingNews: @cenbank lifts ban on banks sanctioned for fx sharp practices @BizMorning @channelstv @Channels24_UK

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 1:21pm On Aug 31, 2016

The Discount rates for the Auction is out!!

91 days: 14.3890.

182days: 17.500.

364days: 18.4240.

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 11:22am On Aug 31, 2016

[quote author=fxuser post=48949083][/quote]I doubt we will see any more bears linked to this data...

The market has already factored and adjusted to this released poor GDP and Inflation figures since..

I expect to start seeing some bargain buys going forward

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 10:49am On Aug 31, 2016

easyflow:
So we should expect a higher rate

I should suppose so...

1 Like

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 10:12am On Aug 31, 2016

Inflation and GDP figures for July released today at 17.1% and -2.06%

This might affect the discount rates in this auction...

http://www.ft.com/fastft/2016/08/31/nigeria-falls-into-recession-as-economy-shrinks-2/?siteedition=intl

Dr Yemi Kale @sgyemikale: Headline Inflation in July 2016 rose year on year to 17.1% from 16.5% in June &month on month at a slower pace by 1.3% from 1.7% in June

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 6:57pm On Aug 30, 2016

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 6:55pm On Aug 30, 2016

ukay2:
Pls my oga feelamong. ...and other gurus in the house

Am still waiting for the CBN NTB programme for the 4th quarter 2016. ..

I want to invest in the next NTB auction. .....365days in 2 weeks time...

Thanks

It's not yet out...

My account officers say they will send out across as soon as it's out.

It's expected out before the end of this week sha!

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 8:18am On Aug 30, 2016

easyflow:
Let's wait for feelamong, if nothing happens then we can go with the 16.85%

Been waiting for some info before sticking out my neck but it doesnt seem to want to come...

I got an offer at the secondary market from an Investment firm that bought via OMO and was willing to sell 199days at 17.6%

as for the auction....I will predict as follows

91 days --- 14.35%

182 days ----17%

364 days 17.5%

the amount of foreign inflow for this Auction is enormous.....

I will advise all to play safe and not to be too bullish..

http://www.thisdaylive.com/index.php/2016/08/30/external-reserves-rise-by-595m-as-offshore-investors-stake-327m-on-bonds/

Happy Investing cool

2 Likes

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 1:43pm On Aug 29, 2016

Another OMO has just been done this Morning....

Its looking good for us this time... cheesy

6 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 7:33am On Aug 29, 2016

easyflow:
Oga feelamong what's the indication of the above

Notin to worry too much about...

a lot has happened in the Tbills space in the past few days...

Liquidity is low and CBN nicely had an OMO auction on Friday.. cheesy

This means that we should expect higher yields at the next auction......but then we expect the FAAC credit to hit the system and also about N129B OMO maturity to also hit the system by morrow...

clearly we need another round of OMO today and or Tomorrow to take the yields to the levels of the last Auction...

Fingers crossed...a lot more will be known by the close of business today.. wink

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 2:57pm On Aug 26, 2016

ACCESS BANK

https://gallery.mailchimp.com/fb5435d9e35c40c2dcc410299/files/ElixirResearch_H1_2016_Earnings_Note_Access_Bank_Plc.pdf

we cut our 12-month target price from N9.14 in Q1 to N7.97, BUY recommendation maintained

#MonkeyHunters tongue

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 10:16am On Aug 26, 2016

fxuser:
UBA on pre-market bullish sentiment

initia gra gra..

we saw same with Access then.. cheesy

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 8:58am On Aug 26, 2016

DMerciful:
@ feelamong
Please what's the current rate of bond and how do I go about it?
Thanks

i suggest you speak to your bankers or any investment house that deals on bonds

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 6:22pm On Aug 25, 2016

Would ask my bankers for this programme by morrow...

Meanwhile rates are not looking too good in the secondary markets..

Waiting for CBN OMO to clean up this excess liquidity as we also expect the FAAC money to hit the systems too next week.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 2:10pm On Aug 25, 2016

^^^^^^

Abeg who sabi summary for here?

Did they say they have paid the NNPC money to CBN? angry

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 7:17am On Aug 25, 2016

https://trwstockbrokers./2016/08/25/breaking-cbn-lifts-forex-ban-on-uba-as-8-other-banks-remain-suspended/

Seems UBA is free now!!

No wonder it closed on bid late yesterday in trading.. cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 9:03am On Aug 24, 2016

http://thenationonlineng.net/sec-mulls-special-trust-fund-unclaimed-dividends/

My eyes on APR....

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 4:35pm On Aug 23, 2016

http://www.thisdaylive.com/index.php/2016/08/23/no-nonsense-cbn-bars-eight-banks-from-all-forex-transactions-for-concealing-2-125bn-nnpc-funds/

The banks, Thisday exclusively gathered this afternoon, were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.

T[b]he banks, whose suspension would remain in force until they remit all the funds to the TSA are United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Sky Bank Plc ($221m) Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).[/b]

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 2:05pm On Aug 23, 2016

binaflexia:
Looks like the bears have exhausted their ammunition.

I have just confirmed that some pockets of buy orders are coming from our FPI friends...

i still dey siddon look mode sha..

1 Like

Investment › Re: Treasury Bills In Nigeria by feelamong(op): 11:32am On Aug 23, 2016

zamirikpo:
@ feelamong....i have asked this question before, probably u didnt see it. pls how or what website do u get money market news from, i visit nairametrics but i dont get enough details, biko.......educate us.

then remember ur promise on the next bid rates.......before the 29th .....

I get market updates from Stanbic, Afrinvest, GTbank and Access banks

then i speak to my account officer in fidelity securities

2 Likes

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