Feelamong's Posts
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There is already a thread opened for this on Nairaland. https://www.nairaland.com/878880/treasury-bills-why-it-best |
otokx: These rates seem to vary with banks.I think there is a need to clarify a few issues on the CBN STOP RATES Posted before.. (1) You might not be able to get these rates as an ordinary investor when you bid at the CBN auction. (2) You are only allowed to make a bid for the TBills you want to purchase..for e.g I might bid for the purchase of 91 days at 13.5% and at the end of the auction the CBN stop rate might be 14%. All I will get will be at the rate at which I bidded which is 13.5% and not the CBN stop rate of 14%. (3)If I bid outside the CBN stop rates then I am not alloted at that particular bid. (4)Now the question is what rate do I bid for ![]() ? This is my account officers always tell me not to be too greedy and also not to be too unambitious ![]() |
They increase my Target every month!!!!! Meanwhile my salary is not increased dat way! ![]() |
mukina2: watch live here >> http://www.channelstv.com/home/live/I think Fashola is not being sincere here!!! How do you explain the fact that contractors that were given jobs to desilt and clear the drainage canals have abandoned the jobs and he is coming here to say he feels sorry for them ![]() The problem with the present ACN govt is that they do N100 work and make N1,000,000 noise! For as long as they control the media to a large extent they will get away with it; but they should also know that while you can fool some people some time you cannot fool all the people all the time - Bob Marley |
feelamong: http://www.businessdayonline.com/NG/index.php/markets/bond-market/40198-cbn-plans-to-raise-n1345bn-in-t-billsThe last Auction Stop Rtes are as follows: 91 days -------14.09% 182 days ------15.31% 365 days -------15.60% Still doing well! ![]() |
feelamong: http://www.businessdayonline.com/NG/index.php/markets/bond-market/40198-cbn-plans-to-raise-n1345bn-in-t-bills ![]() |
Bro... All the banks and discount houses deal on TBILLS.the only problem is dat we have a lot of naïve and uninformed bankers. Send me a mailand I will introduce u to my accout officer. |
Yomieluv: whaoooooooooooo....................for the first time since i joined,my post made the headlines....... i cant believe this.......sobbing tears of JOY....Congrats ....e no easy!!!! most especially when you are not Seun's paddy or kobojunkie's .... ![]() |
otokx: Imagine my accounts officer telling me his rate is 12% as of today, pretty baffling.Maybe the guy was quoting the rate in the secondary market......ask him to bid for you in the primary market auction! |
elewedu: Please, what is the minimum amount require to trade tresury bills. I ♓ανε some 500k i wan to invest, hw can i go about it. Please i nid advice as soon as possible.Most of the discount houses and banks insist on N1m......i dont know if anyone has used N500k. |
http://www.businessdayonline.com/NG/index.php/markets/bond-market/40198-cbn-plans-to-raise-n1345bn-in-t-bills Nigeria plans to raise 134.56 billion naira ($827.27 million) in treasury bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction on Wednesday, the Central Bank of Nigeria (CBN)said on Tuesday. The bank said it will issue 21.84 billion naira in 91-day paper, 52.73 billion naira in 182-day bills and 60 billion in 364-day bills next week on June 28. The federal government issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity. Dealers said the release of May budget allocations to government agencies would spur demand for the paper, but yields are expected to be mixed. |
Americas_man: I bought the treasury bill from one of the main banks in the country on 20th june auction date and was given 14.02% for 182days. But why didn't I get 15.31% as you have stated. I thought my account officer played a fast one on me. What do you think.check ur mail! I dont think you were played a fast one..Just that ur account officer is a bit Naive.....next time give them a rate to bid! |
feelamong: Dont worry its very much alive!!!These are the last Tbills auction rates.. 91 days - 14.05% 182 days - 15.31% |
http://af.reuters.com/article/nigeriaNews/idAFL5E8HM8UD20120622?sp=true LONDON, June 22 (Reuters) - A bond auction in Nigeria next week is expected to be well-received thanks to an expected liquidity boost as the government disburses funds to government agencies. NIGERIA The expected monthly disbursal of funds to government agencies could spur interest in Nigerian debt at an auction next week, but yields are seen flat on Treasury bills. Nigeria plans to sell 83.91 billion naira ($515.04 million) worth of 5-year, 7-year and 10-year sovereign bonds and 134.57 billion naira in short-dated treasury bills next week. Africa's second biggest economy disburses funds from oil revenue on a monthly basis, which provides liquidity for banks to finance their operations. May's budget allocation is due next week. Traders said investors are already taking positions ahead of next week's auction because of the expected inflows. They said they expected the yield on the 7-year bond to be in line with what similar tenors are offering on the secondary market. "We see the new 7-year bond attracting around 16 percent yield at the bond auction next week, while other tenors are likely to stay flat," one dealer said. Nigeria's central bank sold a total of 100.62 billion naira in 91-day and 182-day Treasury bills at its bi-monthly auction, the central bank said on Friday. The bank sold 37.49 billion naira of 91-day paper at a return of 14.05 percent, lower than the 14.10 percent yield at the previous auction, while it issued 63.13 billion naira in 182-day bills at 15.31 percent, compared with 14.94 percent previously. |
meanwhile I have just been informed of another round of TBills auction next week.... |
feelamong: Dont worry its very much alive!!!http://af.reuters.com/article/nigeriaNews/idAFL5E8HM4VK20120622 Nigeria sells 100 bln naira in 3-, 6-month T-bills LAGOS, June 22 (Reuters) - Nigeria sold a total of 100.62 billion naira ($619.0 million) in treasury bills with 91-day and 182-day maturities at its bi-monthly auction, with mixed yields compared with the previous auction, the central bank said on Friday. The bank on Thursday sold 37.49 billion naira worth of the 91-day paper at a return of 14.05 percent, lower than the 14.10 percent at the previous auction, while it issued 63.13 billion naira worth in 182-day bills at 15.31 percent compared with 14.94 percent at the previous auction. Total subscriptions stood at 152.69 billion naira, but the central bank stuck to its initial amount offered. Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce the money supply, curb inflation and help lenders manage their liquidity. ($1 = 162.55 naira) (Reporting by Oludare Mayowa) |
Americas_man: What is happening to this thread? Please let continue to keep this thread alive.Dont worry its very much alive!!! My account officer just sent the latest rates from the last Auction held on 20th June 2012 to be as follow: TBILL PRIMARY AUCTION RESULTS Tenor 91 Days 182 Days Stop rate (%) 14.05% 15.3189% Amt. Offered (₦bn) 37.49 63.14 Subscription (₦bn) 56.27 96.43 Clearly our rates are still doing fine!!! |
http://www.businessdayonline.com/NG/index.php/markets/bond-market/39705-fg-to-raise-n10062bn-in-bonds The Central Bank of Nigeria (CBN), on Monday, said it plans to raise 100.62 billion naira ($616.60 million)worth of 91-day and 182-day Treasury bills at its regular bi-monthly debt auction on Wednesday. The bank said it will issue 37.49 billion naira in 91-day paper and 63.13 billion worth in 182-day bills on Wednesday. Nigeria issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity. Yields on the short-dated debt of Africa's top energy producer have continue to rise in the last three auction sessions due to concerns on rising inflation and the exiting of offshore investors from the local debt market. |
nl.official:bros.. wetin you want make we talk? ok.. just carry ur car go Honda Place make dem tell u wetin dey do am! ![]() |
ebera: My bf is 14 yrs older dn me.I lv itRoad to nowhere!!!
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shymmex: My chic is 25yrs younger than me.More like pouring condemned engine Oil into a new engine..... ![]() |
gree-die:So are you getting married to him or to his age? |
You should better go to a good insurance broker...they will negotiate a far better rate for you and you can hold them responsible for any claims... Personally I use FUSL insurance which is affiliated to Fidelity bank Plc...I can vouch for them anytime! |
How can APGA say they want to be part of the Merger? were they not the ones that rushed to beg PDP to be part of the 'unity govt'? I suspect APGA will be the mole the PDP people want to plant in the planned merger to mess things up.. Buhari and Tinubu should better watch these APGA guys well well o!! I dont trust that peter Obi guy one bit! |
These people are just funny...what recession are they talking about...About 80% of Nigerians have been in recession for the past 13years!! will this be any worse...He that is ground need fear no fall!! Abeg bring on the recession!!! Maybe by then We shall start having the rich for lunch!! |
If you must go to Equity.. You better go with cleam hands! You cannot be chopping and still not want others to chop too! |
whatalife: @feelamong,sent |
whatalife: @ feelamong, i sent you an email since yesterday i have not seen your reply.please resend! |
Second Base jare!!! sebi na naija we dey! ![]() |
http://af.reuters.com/article/nigeriaNews/idAFL5E8H85PD20120608?sp=true AFRICA DEBT-Nigerian T-bills set to regain their appeal NIGERIA Offshore investors are seen returning to Nigeria's debt market in the weeks ahead as yields on shorter-dated paper are becoming attractive again, traders said. Foreign investors had been exiting their positions in the face of less attractive yields, rising inflation and the unresolved Eurozone debt crisis. But that could change as yields inch back up. Nigeria sold 137.97 billion naira ($848.78 million) worth of Treasury bills on Thursday, with yields higher than at the previous auction. "There is a gradual shift of attention by investors to the Treasury bills market due to rising yields in recent times and we foresee more offshore investors returning to take position in the market," one dealer said. The central bank on Thursday sold 32.97 billion naira worth of 3-month paper at a yield of 14.10 percent, compared to 13.50 percent at the previous auction. It sold 45 billion naira worth of the 6-month bill at 14.94 percent, up from the 14.14 percent previously, and 60 billion naira of 1-year paper at a yield of 15.69 percent, from 13.30 percent. [ID: nL5E8H84NK] Traders said the bond market has remained sluggish as major investors shy away from taking positions, opting instead for short-dated instruments because of the more generous yields. |
http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/39238-nigeria-sells-n138bn-in-local-debt-at-higher-yields Nigeria sells N138bn in local debt at higher yields Nigeria sold a total of 137.97 billion naira ($848.78 million) in treasury bills ranging from three months to one year at its bi-monthly auction, at higher yields than at the previous auction, the central bank said on Friday. The bank on Thursday sold 32.97 billion naira worth of the 3-month paper at a return of 14.10 percent, higher than the 13.50 percent reached at the previous auction. It sold 45 billion naira worth of the 6-month bill at 14.94 percent, up from the 14.14 percent at the previous auction, while the bank issued 60 billion naira worth of 1-year paper at a return of 15.69 percent, higher than the 13.30 percent at an auction on May 25. Total subscriptions stood at 223.06 billion naira, down from 307.28 billion naira demanded at the last auction, a reflection of waning interest by offshore investors in the local debt market, traders said. High inflation, the declining value of the local currency and the Eurozone debt crisis are prompting offshore investors to sell down their local debt holdings and repatriate the funds. Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce the money supply, curb inflation and help lenders manage their liquidity. |
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