₦airaland Forum

Hots shots being fired by the Emir of Kano!!

Cant wait for her trials to start....

Hopefully a lot will go down with her!!

ThanK God we voted Change!

bodejohn:
Today is suppose to be another bidding round.
Anyone with information on the rates for 91days?

is there still anyone investing in this?

91 days -------5.61%

182 days ------7.0%

364 days -----8.0%

Are the IPOB fraudsters still on the bridge? abi body don begin pain them?

kai!!

This state is really cursed!

Imagine a small oil rich state that has collected Trillions in the past 16 years yet see the level of underdevelopment there!

yet the governor had the courage to go and campaign there

waiting for wailers to say its sahara reporters again!

yet they believed and jubilated when same sahara reporters called PMB a junketer!!

Saraki is just a keg of gun powder waiting to explode..

DeRuggedProf:
some people here have a stake in all dividend paying stocks and still JIJO like there is no tomorrow to create distortions on the whole XCHANGE

yes na...If JIJO no work......dividend go work na

ACCESS BANK AND UBA.......

UNA DON START UNA MAGIC FOR THERE?

yet these wailers wanted president Hollande to welcome Buhari...

the canadian president even came with his wife and kids!!!

thanks Ops for this pics!

hope no end time wailer will come and start wailing here

cc: lalasticlala

more revelations in the coming days!!

clearly shows why Dasuki is so desperate to run abroad under any disguise...

Imagine the withdrawals that they carried out in April and May even after elections have been won and lost.............these goats really were keen to finish our yams in the barns before handing over!

just Imagine how we fool ourselves in this country..

how much did he steal?

yet we will be hailing those that stole billions and calling them our heros!

Nice one!!!

I hope they will also pass the supllementary budget bill where the subsidy payments money to the oil marketers are within the next 2 days!!!..

Bunch of Olodos!!!

Raider76:
http://thenationonlineng.net/investors-to-start-receiving-direct-cash-payment-january-2/

Will this not make JIJO difficult?

it is gonna be optional!

So JIJO masters can decide to allow their sales proceeds to drop into their brokers accounts

Favolly:
Nooooo!!

This isn't happening. Like play, like play money market fund rates will soon go below the inflationary rate.

The stock market, here I come, I hear the ASI is picking up

Stock market is not for the lily livered op!

you can see your funds eroded if care is not taken...

like they say its a Casino Royale out there in the NSE...

dont put any short term funds there and make sure its the sort of funds you can afford to loose...

Me I play the NSE but i will rather earn bel;ow inflation rates and be sure my funds are safe than loose all in the quest for higher yields..

BTW i have also decided to go into farming! at least we can apply for the low interest rates to expand...

carpenter:
As received...

............................................................................................................................................................................


25 November, 2015



Dear Valued Customer,



STATE OF THE MARKETS



Greetings from your investment management team at FBN Capital Asset Management.



Over the last 8 weeks, from 23 September, you may have noticed that market interest rates, in this case measured by Treasury Bills, FGN Bonds and bank tenured deposits have declined considerably. For example when the fixed income markets closed yesterday 24 November, a 364 day Treasury Bills yield to maturity had declined from about 15% to about 7%, the yield to maturity on long-dated bonds, e.g. the FGN 2024 from 15% to 11% and bank tenured deposits from about 13% to about 5%. These are a selection of fixed income instruments our mutual funds invest in to deliver on the investment objective of each respective fund. The Monetary Policy Committee (MPC) at the conclusion of its meeting yesterday 24 November, 2015 has now also reduced the Monetary Policy Rate (MPR) from 13% to 11% signaling its desire to keep rates low and stimulate the economy. The equity market has fared no better haven fallen 20.37% year to date.



The consequence of all these is that as the pool of fixed income investments in each portfolio matures and we get new inflows into the funds, we invest and reinvest at these lower market rates which impact the returns on the fund. As you have entrusted us with investing your savings in our mutual funds, please be rest assured that we at FBN Capital Asset Management remain unflinchingly committed to delivering competitive returns to you and we will continue to use our skills and in-house expertise to source for and invest in assets for each fund that deliver returns above market expectations and grow your savings and wealth.



Please look out for the next factsheet of each product, delivered to your inbox in the first week of next month which will give you more information of market conditions and returns on each fund.



Once again, we thank you for choosing FBN Capital Asset Management and our products.

Yours sincerely,



Michael Oyebola

Managing Director / Chief Investment Officer

Signed

I saw this coming!!

Since the Mutual funds are all invested in FGN Bonds and TBills; with the drop in the rates and Yields...it was only a matter of time!

Clearly the days of high yields in financial investments is over!

make everyone go invest their money for real business or farms! or be ready to receive only 3% returns p.a

It is only in Nigeria that Importers will be going to BDCs and parallel markets to source their dollars!!

Dollars plenty...... na customers with BVN to buy the dollars that are scarce... hence they all flock the illegal markets..

Infact Genuine BDCs are finding it hard to sell all their dollars to genuine customers with BVN

http://leadership.ng/business/477161/cbn-saves-300m-demand-bvn-bureau-de-change

ifyan:
It not funny.

Nigeria is at danger stage.

Pray for the Nation

Dollars plenty...... na customers with BVN to buy the dollars that are scarce... hence they all flock the illegal markets..

Infact Genuine BDCs are finding it hard to sell all their dollars to genuine customers with BVN

http://leadership.ng/business/477161/cbn-saves-300m-demand-bvn-bureau-de-change

The fear of BVN in the BDCs is the beginning of wisdom!

we read reports from CBN last week that BDCs are no longer able to sell all the dollars allotted to them cos they now have to sell only to those with BVN.

what has now happened is that those who do not want to disclose their BVN has resorted to the purchase of dollars from any other place possible.....this has expectedly shot up the price of dollars

Over time the price will no longer be Ok for the importers to keep buying the dollars as the imported items become far more expensive...

hence they will be forced to start production of these items here in Naija

Naija is about to get better.....make we just remain patient!

why do we keep doing this to our selves?

why bring divisions where there are non?

why then do we blame the whites for being racist when we even as Nigerians cannot see ourselves as one?

BURUJI SHOULD GO AND PAY THE LAONS HE TOOK FROM THE BANKS...

ALL THIS FAKE PHILANTROPHIC VENTURES CANNOT SAVE HIM

THE ACCOUNT OFFICERS WHOM HE CONNNED TO GET THE LAONS HAVE ALL BEEN SACKED

Agbalowomeri:
Make all of una bring money comot from under mattress na

leave dem! dem wan delay destiny! E no go work!

We must make Money this year!! but make una allow Uba Cap come down below 1.30 again naa

Born2berich:
You can stream and watch the FEC inuguration live on Channels TV

so that is where everyone has gone to..

very low transactions on the floor now

OBAGADAFFI:
Lie,

Investor have been making profits from Oando from week.

They are not fickle minded, but brave warriors.

Most analysis don't work on the stock market.

Go watch wolf of wall street.

It all about demand and supply.

bros we dey talk the same thing na..

some bought at 9 and sold off at 5.99...

anyway investors always do the same mistakes...

but then all na strategy..whatever works for one is ok!

OBAGADAFFI:
Bros Peter.

Oando just hit N8 and its not slowing down.

Investors are so fickle minded!

They forget everything and remember nothing

We go still make money this year whether Wale tinubu agree or not

carpenter:
Available at the same link above and a snapshot attached.

I reckon it is a broad range since the percentages even overlap.

with the way all money market instruments and bank placements are falling...

isnt this also bound to fall?

ihedioramma:
@lancee,so that is why feelamong is back here? i see .

Bros I didn't go that far naa!!

was always following the sermons of our prophets and pastors here.......just that I am in the Secret Service of our Ministry since I no fine enough to be one of the ushers

just waiting for when their predictions will lead us to our permanent site!

myjoy084:
Access, UBA and Zenith are major banks to watch out for

hmmmmmmmmmm! you are back again!

Elai147:
739,782,608 units of Access crossed @4.48. What's poppin?

power dey change hands??

tziz:
Same Diamond bank dat gave me 11.9% on 181 days last month!!!
Wahala dey ooo.

enough wahala dey!

PMB/Emefiele means business to reduce interest rates to single digits..

carpenter:
Yes o! Without doubt it will affect our yields. Infact e don affect sef...FBN MMF has been around 12.x% for some days now...we don't see our regular 13.x or occasional 14.X% anymore.

However, I still see us doing better than the rates above because MMF is a mixture of instruments. This is the beauty of a pool of funds. For some reason I have always loved to benchmark against 12% for my calculation, maybe because it is easier with 12 months in year...I just look forward to 1% every month. Even with Inflation at above 9%, you still make a respectable 2-2.5%...not bad for passive income and it ensures you are not losing money to inflation.

http://www.fbnquest.com/asset-management/our-products/mutual-funds/fbn-money-market-fund

what are the instruments in this mixture? would like to look at each of them and their present individual yields in this bad market

kristien4:
please is it from FIDELITY BANK NIGERIA and is it risk free?

FIDELITY SECURITIES LIMITED and it comes with some measure of risks for sure!

the company can go bust!

olujaidi:
Thats true, for folks with hundreds of thousands at least. For folks who aggregate less than this on a monthly basis, it could be the only means to access such investments.

True!