₦airaland Forum

Chikebrain:
What's the best rate to bid with at the primary market

wait till monday ...lets see how liquid the market is by monday evening

easyflow:
@ the gurus in the house.......Is it wise to invest 5m in the next week treasury bills. As the rates are obviously coming down now.

If you are scared of the rates coming down,...why not lock it now in a secondary market rate of 13 -15%

http://www.bloomberg.com/news/articles/2016-08-23/world-s-worst-currency-slump-starts-to-glean-rewards-for-nigeria

In the past two weeks, Exotix Partners LLP and Standard Bank Group Ltd. have told clients, most of whom fled after the country started imposing capital controls from late 2014, that they should start buying naira assets again. The worst-performing currency this year among more than 150 globally has depreciated 38 percent against the dollar since the central bank abandoned its peg on June 20, while bond yields have jumped to more than 20 percent. The naira strengthened 3.6 percent to 318 per dollar on Tuesday after falling to a record 350.25 on Aug. 19.

“The cheap naira is attracting foreign investors,” said Lutz Roehmeyer, a money manager at Landesbank Berlin Investment, which oversees about $12 billion of assets. “At 325 per dollar, the naira is too weak” and Landesbank anticipates a rebound, he said


ARE THEY BACK

@ fxuser......please help confirm from your big contacts

confluence:
I bought at the secondary market @ 15% for 182 days last week Thursday after missing out at the primary auction by a margin .28%

Which bank did you buy from in the secondary market?

kolaish:
Access opened trading 5% up and already with a volume of 16m+. Could it be a sign of what to expect this week on the stock of Access?

Na initial gragra....

Time will tell sha!

quertyquack:
Definitely GTB.
Please what will one get for 182 days in the secondary market?

I know of some banks selling 182 days at 15% in the secondary market

zamirikpo:
thanks for the date @feelamong and u quite rightly said it ,my bids must reach on or before the 30th. please i have a request, can u please send in viable rates on or before the 29th, so we can act on it and avoid missing out. please....i know i speak the mind of so many. ur rates r spot on .. so please...........if i miss this next one it would be the 3rd auction miss..................


please ,special request ..............thanks....

No wahala...Just remain tuned to this thread...

But come o,...if your rates miss the next auction; na to carry you go bar beach go wash your head o! Cos E be like say some people from your village no want ur progress..

zamirikpo:
Pls guyz when is the next primary auction day.

its on the 1st of September..

but remember to throw in ur bids latest 12 noon on the 30th of Aug

EngineerT:
even if they don't allow, aint their rates competitive enough? secondly, when i last inquired, once they perceive you know what you're doing, they let you be. that I can't say about GTB. would you believe i Started this process on Monday and went there 2 other days consecutively to ensure everything went well , yet nothing came out. i hate to waste my time on futility, not after having diligently studied and did my homework before venturing into this activity. if there is any GT B staff here, come and defend your institution because i am not taking this likely at all.. its so annoying.

Engineer..take am easy....

Just vote with ya feet...look for another account officer in the bank that understands the Tbills well and deal with him

EngineerT:
a banking officer mailed after expressing my disappointment in GT for bidding with them that the bid did not sail tru. i am hugely disappointed with GT , i will likely transfer the amount to FBN and bid on my own terms since GTB are forming too busy or don't care about their customers on this subject matter. Mr Feelamong, which bank did you bid and was it with the bank rate? kindly answer.

I did not bid in the last Auction......

The last time i did i went in with Fidelity securities cos i was selling shares to buy Tbills then..

Intendy:
Closure of Register
Half-Year Ended 30 June 2016

Proposed Dividend 25 Kobo per share (Interim)

Proposed Bonus Nil

Closure Date 6th September 2016

AGM Date N/A

Payment Date 13th September 2016

AGM Venue N/A

http://www.nse.com.ng/Financial_NewsDocs/14788_ACCESS_BANK_AUDITED_Q2_JUNE_2016_FINANCIAL_STATEMENTS_AUGUST_2016.pdf

best result i have seen in the banking Industry so far...

thank God I kept faith ..now on to UBA

leke12:
Please am new here, and will like to invest in treasury bills. what I need is a tutor, will love to use any bank that is reliable and efficient. Already have my capital just want to start ASAP. Moreso, I reside in Abuja.

where do you bank?

speak to your banker or account Officer..

http://www.nse.com.ng/Financial_NewsDocs/14791_ACCESS_BANK_PLC_Q2_AUDITED_JUNE%2716_CORPORATE_ACTIONS_AUGUST_2016.pdf

The usual 25kobo

Tritri:
@Feelamong what your take on this?

I suspect it has to do with the level of OMO conducted in recent times....

would be asking my bankers more questions on this..

Xkoba:
@feelamong ..I'm fully ready..pls any charges

PM me for my account officer details..

The only charges are the usual charges you already know; Custody charge, Transaction charge of 0.125%

Xkoba:
@feelamong..I ve mailed Fidelity security... I need few clarification cos dis is my Ist time of buying at secondary market. pls will d interest be paid upfront lik primary market.. den how soon ll my account be debited.. can I do the transaction via mail?

The last time I did secondary market thru them... it was seamless.
I credited my account with them and I was debited and the upfront Interest moved to my Bank account in GT Bank.
It all happened within a day.

Once you are ready, let me know, I will send you the details of my account officer there..

vacanci:
please does Fidelity Security do less than a million naira? i understand some security houses deal with individuals with large volume of funds only

Yea.. They do

peteken:
Gooday Boss.... i fill tbill form wit zenith bank since Tuesday for 182days but yet to see any alert as regards to that.. my first tym anyway ..... am getting worried ....jus wanted to no if its a successful one sir.

what rate did you fill for your 182 days bill?

overcomer123:
can you provide a link to their site or website or a phone no i can reach them on?

https://fidsecng.com/

send a mail to info@fidsecng.com

overcomer123:
@ feelamong can you guide me on the way t go abt it on the secondary market, cos i just think my account officer is playing some games with me.

Are the rate negotiable to?

if yes how?

What are my chances of getting 14 percent?

I have never used a bank for my secondary market transactions...

I have been using Fidelity securities ltd for that

fxuser:
Brent $49.93 /bbl

#+ve

have the Scavengers stopped bombing our pipelines...

the news on oil price shouldnt concern Naija again..

we are diversifying the hard way...

I think the issue with GT is based on the branch you deal with...

I have dealt with the Tiamiyu branch in VI a couple of times and it went well..

those who cannot wait should explore the secondary markets...14% is not a bad deal there..

So after all the Noise...They didnt even wait for the Tuscano Jets to arrive before asking for Dialogue with the FG...

Thunder fire NDA and their sponsors!!

overcomer123:
Oga feelamong please confirm when the deduction will be made to my account?

18th or 19th?

Cos i understand the auction is today?

if you account is not debited by the 19th then you should start to worry

Xkoba:
lol..I dey lauf...I ve to hit secondary market be DAT..I need lit cash

I just asked my contact in the Investment coy i use...

said they are still willing to do 91 days at 14%

wow!!

I been advise some people to bid 17.25% for 182 days....thank God they did win...

quertyquack:
Your blood dey hot!

what did the Bible talk again about your Treasures and your heart?

nija4us:
Please what is the interim dividend?

25kobo pere!

holm:
http://www.nse.com.ng/Financial_NewsDocs/14764_GUARANTY_TRUST_Q2_AUDITED_JUNE2016_FINANCIAL_STATEMENTS_AUGUST_2016.pdf

This would have been a terrible result with the N34B Impairment charges...

Na just the Foreign Exchange Revaluation gain of N61B that saved them...

After the Euphoria, the bears will also feast on it.

I advise holders to take profit and wait to buy back at lower cost..

So all of una get money like this!!

Bidding for Tbills week in week out!!

Yet them go dey say Money no dey naija again..