₦airaland Forum

vacanci:
Do they do below 5 million Naira? Most investment houses peg at 5m minimum.

Yea I deal with far less than that amount there...

Naijainvestor:
I am a little confused, a 176 day bill is being quoted at 15.15% on the FMDQ web site as the secondary market discount yield, if that is the case, why would a 178 day deal be at 12%

That quote you see on FMDQ is indicative..

however in the secondary market Tbills trade in blocks of N250M minimum...

the trick is in either arm twisting ur bankers or making friends with them to make them purchase these Bills for you in the secondary market at prices close to what you can get with N250M

at the moment discount rates are rising so a 12% quote for 178 day deal might not be too attractive!

ogajoe:
Gud morning to all the Experts in da house, i want to invest in the T-bill how do i go about? I minimum capital needed and reliable primary dealer banks to go to

Just go to your bankers and tell them that you want to invest in Tbills.

diff banks require diff minimum amounts

lancee:
Am on vacation

yea.. wait till sept 1st..

we still dey Harrods dey do summer shopping..

FannySwindler:
Not a bad day afterall...

Yea, Thank God for the chinese rate cuts!

even the oil benchmarks rebounded!

ukay2:
Please, I bought FGBond(feb2020) on August 12th, when will the coupon (interest) be paid(I.e start coming into my account)?
Thanks

coupons are paid semi annually...June and December..

so by december we suppose come do small party for ur side..

ukay2:
My oga feelamong.....

Pls help me answer these questions...

Hope fidelity securities ltd are reliable and how long have u use them?
How can I transfer my stocks from investment one firm to fidelity securities?
How much is their custodian and transfer fees.?
How much is their opening account ?

Is NTB bidding for 365 days come 3/9/2015?


Should I buy access bank shares now or I should wait till Thursdays next week for the share to fall down to maybe 4.0 naira?

Thanks my oga.
Waiting for your prompt response.

i have used them for most of my investments in stocks and TBills...

the custodian fee has been set by CBN..its 0.1% of the face value of the transaction (based on no of days)

i bought Access bank shares today.... its purely a speculative bet!

unite4real:
I understand the charges are lower when you use a bank compared to the investment houses.

its not true..

they only charge the usual custodian fee and transaction fee

ukay2:
Pls my oga feelamong,
Which investment firm you use for your investment....?
I may want to start using them.
Thanks.

i use fidelity securities ltd

wirinet:
Where did the excess money come from? I thought the excess crude account is money that is in excess of the budgeted crude benchmark for the year, which this year is put at about $65. So has crude prices gone beyond $65 within the last 3 months?

You be olodo!

How much is the budget for crude oil sales again?

go and read the budget before commenting...

quertyquack:
You must be offering them some serious money. Pray tell!

hahaha.....we want to make money..how we go dey offer them money again?

na negotiation skills bro!

also use good firms that would like to see you succeed

Alikote:
Feemong how do u go about buying for 88 days

i have always said here that i use an investment banking fiorm for my transactions...

i just call them up and tell them i want to buy Tbills anytime i have funds or friends that i help to invest..

i doubt anybank will give you such rates....these guys are mean! but the discount houses have a way round the banks!

moreover you can ask the investment house to use any Custodian you so desire..

inze:
Lower,

This is because the bank is selling to you out of what they purchased from the primary market, in otherwords "retailing"

Its not always Lower! it depends on who is buying the bills for you and how well you can bargain.....also on how much you are investing.

I have bought 88days Tbills at 11% even when the stop rate for 91 days was going for 10%.

just last week I also assisted a friend to buy 194 days Tbills at 13.5 for a friend even when the stop rate is 13% for 182 days

inze:
Lower,

This is because the bank is selling to you out of what they purchased from the primary market, in otherwords "retailing"

Its not always Lower! it depends on who is buying the bills for you and how well you can bargain.....also on how much you are investing.

I have bought 88days Tbills at 11% even when the stop rate for 91 days was going for 10%.

just last week I also assisted a friend to buy 194 days Tbills at 13.5 for a friend even when the stop rate is 13% for 182 days

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who be this??

you wan come feelamong for this party too?

Oga Bouncer!!!!! Oya show him the way!

myjoy08:
http://www.nse.com.ng/Financial_NewsDocs/10744_ACCESS_BANK_-_2015_INTERIM_DIV._CORPORATE_ACTIONS_AUGUST_2015.pdf

http://www.nse.com.ng/Financial_NewsDocs/10741_ACCESS_BANK_-_HALF-YEAR_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf


I guess i have to book another vacation in September...We are making money this year!

Congrats to all who had the liver to purchase Access at < 4.20

for those not in this boat.....this is the time to get in!

am selling my Tbills tomorrow to get more of this... cos the party at year end will be something else

debbydee:
Good morning gurus.

i applied for TB @ First bank for 182 days to my amazement the lady at the desk called me yesterday that the one for 182days didn't fly rather 91days which i said no problem this morning my account was credited with 19,621 as against 25,000 which i am expecting. Please can any one clarify this before i go the branch and make some trouble. The capital is 1000000 at 10% from CBN website

Thanks

CC Feelamong

really dont understand what happened in ur account. in Tbills, the govt only takes the discounted amount and leaves you with the balance.


For Yesterday auction, the stop rate for 91days was 10% while the stop rate for 182 days was 13%. there was no auction for 364 days yesterday.

Justcul:
Transcorp on bid again seems access has reversed it route 99 million in one trade

**modified

don't joke with the cowboys...

just keep ur eyes open or eyes wide shut!

Justcul:
Access #4.48

This is becoming hard to resist o!!

will throw in my small bid at 4.3 today and see how it goes... na to start to buy 1000 units daily now

http://businessdayonline.com/2015/08/naira-firms-as-cbn-directs-banks-to-pay-for-dollar-purchase-48hrs-ahead/#.VcR4wRxwaM8

The naira on Thursday firmed further at the Bureau De Change and parallel market segments as the Central Bank of Nigeria (CBN) intervened by supplying dollar to the BDCs.

Meanwhile, the apex bank has directed commercial banks to pay for their dollar purchases 48 hours in advance, after banning them from accepting foreign currency cash deposits to curb dollar demand and stem illicit financial flows.

Consequently, naira gained N2 or 0.90 percent each against the US dollar at the BDC segment and parallel market.

As a result, the local currency closed at N218/$ compared with N220/$ at the BDC segment of the foreign exchange, while closing at N220/$ against N222/$ at the parallel market.

However, naira weakened against the dollar by N0.16k/$ or 0.08 percent to N198.26k/$ on Thursday from N198.42k/$ the previous day at the inter-bank foreign exchange market, according to data obtained from Financial Markets Dealers Quotations (FMDQ).

BusinessDay gathered that the CBN supplied two weeks dollar in one week to BDCs, which will bring down the price of dollar and curb speculation.

Andrew Elueni, managing director/CEO, Flawless Capital Limited, told BusinessDay that the CBN supplied dollar to some BDC operators on Thursday after supplying other BDCs on Wednesday. The CBN will supply additional $30,000 to BDCs today.

Dealers told Reuters that banks would struggle to buy the US currency on behalf of customers, while the ban on dollar cash deposits would stem speculation.

The CBN in June curbed access to the inter-bank currency market to preserve its foreign reserves, and this led to the diversion of dollar demand to the black market, weakening the local currency.

At the money market, the overnight lending rate on Thursday jumped to 50 percent from 12 percent the previous day, amid low liquidity as some banks scrambled to stock up on the naira to back up their forex demand with the central bank.

quertyquack:
I purchased through Investment One making a bid of 12.5%. They said the stop rate for 182 days was 12.3%.
From the cbn website the limit is 12.625%. Is there something I don't know?
I also submitted 12.5% for 182 via GTB and my account wasn't debited meaning it wasn't successful.
I have done tbills before although going at bank rates. I would appreciate any explanations for the above.

If you bidded at 12.5% you should be getting ur bid!

the last Stop rate for 182 days was 12.9%, the one before last was 12.6%

I will advise you move to the secondary market and get a deal at the same 12.5% now.

freeman67:
One year Bond @ 13.5 % in Stanbic IBTC bank. It starts counting from wednesday August 12th, 2015. For those interested contact them from now to Monday to acquaint urself with the process involved
Thank you

when the last stop rate for 364 T bill was 14.1%

NairaQuest:
I am testing my valuation model and would like someone to tell me how much they invested in any of the above bills and how much they got debited and/or credited. I know that the transaction has not hit your accounts yet but when it does. Please help

Your help is appreciated
Thanks

bros what are you testing?

I directed a friend to invest 50M in the last auction (Not this present one) for 91 days at 10%..

his account was debited to the tune of N48,753,424.66

angelo82:
How do you transfer money abroad from your Naira account?..................

I actually paid for my website hosting subscription yesterday using my Naira debit card.... the rates bad sha..220

Manonamission:
So investors waited till the Q2 of Skye was released before taking position? Okay o.

http://www.nse.com.ng/Financial_NewsDocs/10449_SKYE_BANK_PLC_HALF_YEAR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf

Not a bad result afterall in the mist of all this doom and gloom!

PETERiCHY:
Well for some days now I noticed that dollar is having some stability so I had to release some @ the rate of N240.
So let's see how it goes.

naira even gained today in the black markets....

Emefiele is working.....PMB is working! Our refineries are working!

http://www.nse.com.ng/Financial_NewsDocs/10402_AFRICA_PRUDENTIAL_INTERIM_DIV_CORPORATE_ACTIONS_JULY_2015.pdf


Omo see groove on top APR!

17kobo as Interim Div!

If only I had been brave to increase my portfolio of this stock!

Why not go and buy Treasury Bills. You can get as much as 10% pa there....

ogbs2020love:
No body talk s of DIAMOND BANK here. madam Mercilous since your in anambra state,let's meet

na wa for you o bros!

me wey dey Anambra nko? any diamonds for me too? or na only Madam mercy waka come Anambra?

when we were begging Buruji to follow him nko?

megainvest:
PAT down 94%

Kai! wetin dey happen to this coy?

at this rate the share price should be like 3 now

favoured247:
u hav any idea why i wasnt debited even wen i bidded 12% for 180 days?

Cool down...I have a couple of friends who also won their bids but havnt been debited...

lets wait till close of business today before raising any alarms

CBN stop rates for auction of 23/07/2015

91 days -----------10%

182 days ---------12.65%

364 days ----------13%