₦airaland Forum

NuttyChoky:
WHO IS BIDDING 30MILLION UNITS OF AFRIPRUD AT N2.98

Kai!! we need to report this person to EFCC!!

E be like say na Afriprud we go take go summer this year!

E no go better for FOREX wahala!"

BTW where is Agba

Omo... It seems like Zenith High Priest and followers come market today!

Monkey Hunting anyone??

khloeee:
pls when is the next auction date.

in 2 weeks time!

ColtPython:
Need new rates too

March 2nd 2016 Auction Stop Rates..

91 days - 5.186%

182 days - 7.57%

364 days - 9.0%

Rates hinging up again??

Seun:
It worked marvelously in Argentina, Greece, and Zimbabwe. Why not Nigeria? /s

Yea don't mind them! Devaluation is working well in Greece and Zimbabwe!

Lubbish!

Abeg make una no derail this thread...

If you want talk politics... just go to the relevant threads....

All we want is just to make a little money to buy garri! Bikonu!!!

Ojix85:
Rates going down once more.

91 days - 4.85%
182 days - 7.3%
364 days - 8.98%

2020 FGN Bonds here i come

damn! rates dropping once again!

just when I was already warming up to start investing in Tbills once again..

make I go wait for the next Bond Auction....

debbydee:
@ feelamong

Kindly shed more light on this fgn 2020 bond. How does it work and what is the least amount one can invest.

waiting for your reply.

Please lets not derail this Treasury Bill thread...I have earlier posted threads for FGN Bonds.

Just go thru any of them and most of your questions have been answered there...

I will also advise that you also throw in your bid once and get a practical lesson as you can invest with as little as N10,000 in the Monthly Auction

This is the only reason why I voted Buhari!!

He will never tolerate any form of indolence or incompetence!!

When I remember how People like Abba Moro were left on their jobs in the past regime...I just thank God for a Leader like Buhari!

BTW nice one for Akabueze!! Really did so much work in Lagos state and deserved to be appointed as a Minister!

This is the only reason why I voted Buhari!!

He will never tolerate any form of indolence or incompetence!!

When I remember how People like Abba Moro were left on their jobs in the past regime...I just thank God for a Leader like Buhari!

BTW nice one for Akabueze!! Really did so much work in Lagos state and deserved to be appointed as a Minister!

unite4real:
Other lucky ones are those that bought when the yield was high. Last September, the 15.54%fgn bond traded at a yield of 15.95%. At this rate, I got it at a discount better than those that bought originally.

some were even lucky enough to get it at 16% when the JP Morgan issue was at its peak and everyone was scared to invest..

Alikote:
guru will the total interest covering 2016 feb to 2020 feb be....62 million naira on the investment of 100 million naira....at 15.5 percent

Yea...a bit above N62M

Tritri:
@feelamong i was first told 11M so i agreed then again i was told i will pay total of 118M...i just told them dont bother..dont want to involve myself in stuff i dont understand.

What the diffrence if i decide to buy 100M at the secondary market today Or should i have still bought at the primary market?

I think you should try to read more to understand this.....or just invest in one.

if you go to the secondary market today you will still get the bond but may get it at a higher or lower yield. (this will then determine the price you will pay for this)

Intendy:
sorry for posting this late
people interested should watch
THE CABLE COLLOQUIUM
live on channels
its about devaluation

currently watching it...To Devalue or Not! excellent talk by Gov Oshiomole in support of non devaluation.. cant wait to hear from Rewane Bismark who is in support of devaluation

vacanci:
how come you are paying accrued interest so high when the next coupon paymnt is February 13, 2016. Will you be enjoying the next coupon of february 13, 2016? if not where is the accrued interest coming from?

you have to pay the accrued interest back to the former holder of the bond....who sold to you on the 12th of feb (since he has held from the date of last coupon payment till the 12th)

Yes the next coupon payment is Feb 13th and on that date you will be paid the last 6 months coupon.

megainvest:
The fact that FBNH suffered 14% YoY drop in EPS does not translate to a loss! Recall FBNH, in addition to its 10k dividend, gave a 1:10 bonus in 2015. That bonus can be seen as a 10% payout. So even if the share price is N4, a 10% payout is 40k. I think FBNH will still pay dividend this year. I am watching.

bonus is not cash payout....

IHelp:
I thought bids of 13% will scale through but

sorry bro! better luck next time..

and always try to speak with bond traders before you bid

Sorry to digress a bit....

I assisted a Nairalander to buy N100M worth of FGN 2020 (15.54%) Bonds at yesterday Bond Auction.....

This is the summary of what the bank sent to me this morning...

SETTLEMENT  DATE -12-Feb-16

COUNTTERPARTY -Mr xxxxxxx

BOND VALUE - 100,000,000.00

CLEAN PRICE - 110.3666585

MATURITY DATE - 13-Feb-2020

COUPON RATE - 15.54%

YIELD - 12.19%

ACCRUED INTEREST- 7,727,771.74

DIRTY PRICE -  118.09

TOTAL DUE  - 118,094,430.24

battleaxe:
@feelamong, others

What other costs do you bear on purchase of FGN bonds apart from the total consideration? Do your banks or investment houses charge you custody or transaction fees similar to Treasury bill purchase?

yes you incur custody fees only

megainvest:
Who can correctly predict the final dividends for the year? Let me give it a try:

Access: 40k (Year Total of 65k)
Afriprud: 20k
Dangcem: Between N5 to N7
FBNH: 50k
GTB: N1.50k (Year Total of N1.75)
SEPLAT: 7 cents (Year Total of 11 cents)
UBA: 25k (Year Total of 45k)
UCAP: Between 20k to 25k
Zenith: N1.6k (Year Total of N1.85)

Can anyone predict better?

FBNH 50kobo??

this must be a joke abi?

this bank will not pay any dividend for the next 2 years

Daddi:
@ feelamong , pls I need assistance on this;
please help with names of some reputable
investment houses that deal on TBills, bonds and
the likes

just seek out the major stock broking firms, the Chapel hills, The Investment Ones, The UBA capitals....

I used Fidelity Securities in the past...

Dullards every where on this Nairaland..

They cannot even spot the difference between $4Tr and N6Tr??

awon olodos!!

Good one! with total local content from the research institute to the farmers down to Nasco to the distributors, to the food vendors, to the students!

how I wish the biscuit wrappers, and cartons will also be local contents and not Made in China.

lalasticlala!!!!

megainvest:
Nigeria's economy suffered serious negative press over the weekend. Will this cause more foreign investors to exit our market this week? I'll be watching AND WAITING TO STRIKE!

how many Foreign Investors do we start have remaining in our market? dem never waka go finish?

BTW still don't understand how stating the obvious that is well known to all means negative press

drss:
If Nigeria never had the highest number of prisoners in United Kingdom, why in the name of neptum will a president call his country people criminals
Picture below is a table showing the percentage of nigerian prisoners in Britain.
www.mirror.co.uk/news/uk-news/poles-top-foreign-inmate-list-3463695
https://mobile.twitter.com/NGRWailers

where is the statistics from Malaysia, India and Pakistan

For starters see the number we have in India alone (1,100 Nigerians)

http://thestreetjournal.org/2015/06/1100-nigerians-in-indian-jails-envoy/

We even have more than 4000 prisoners in Iran alone and up to 6000 held in various foreign prisons for drugs offences

http://www.vanguardngr.com/2012/06/6000-nigerians-in-foreign-jails-over-drug-offences/

http://www.thisdaylive.com/articles/gtbank-to-redeem-500m-eurobond-ahead-of-maturity-date/231142/

Good move by GTbank

Wouldn't mind it happening Dasuki and his cohorts that have looted us dry!

9galen217:
Please where do you get ur results from??.. I thought the DMO site should have the result first, but yesterday's auction is still not updated on their website..

I usually get the updates from my bankers....GT bank and Fidelity Bank

joepumppy:
Good day to you all, i had to bring this information to the notice of everyone just incase if there is any one out there who will be interested or know someone who would love to participate etc..........

am a youngman, hard worker business man, just to cut of the long stories, i have some business ideas in me of which i so much believe on and i know 98% of it in and out.
1. there is a business i am interested on running that will bring out profit of 100k monthly without stress, all this business require is a start up capital from the beginning.... thats all
2. there is another business idea i have and i know same 98% about it and this particular one will only gives u 10% profit monthly base on how much capital u invest in it, the more the capital the more the income at the end of the month.
e.g........... with 500k, u make profit of 50k monthly without stress
with N1,000,000....... u get 100k monthly as profit, and so on.................
or though this particular business require hug start up capital, more explanations about this if there is any good and reliable person out there who is willing to make more money this new year 2016 and years ahead......................
i am a very trust worthy person and ready to sign any agreement even in the police station or in the court of law if there is anyone who is ready and have the capital to finance my ideas.
anyone who is interested can reach me on my e.mail first from there we can exchange contact.....( i dont think its wise to publish my contact info direct now in the social media for security purpose )
thank u all................
God bless. Mr Joseph

send an email to me feelamong@gmail.com

I think we can work together

[quote author=Dbboy post=42596255][/quote]so you now call speculation investments?? no wonder you are this shallow!

now tell me what killed banks like Bank PHb, Spring Bank and almost even killed Union Bank?

Ojix85:
Can you help with the link?



Great news.

there are loads of links.....

https://www.nairaland.com/2754587/information-federal-govt-bond-2015#40291536

https://www.nairaland.com/1472894/guide-investing-fgn-bonds#18717031

https://www.nairaland.com/1236944/how-invest-fgn-bonds#17735189

https://www.nairaland.com/2434824/invest-fg-bonds#35603525

https://www.nairaland.com/2236356/investing-federal-government-bonds-nigeria#33817732

feb 3rd auction result

91 days ---4.95%

182 days -----7.97%

364 days ----9.49%


its hinging up slowly and steadily