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InvestmentRe: Treasury Bills Advice Needed by feelamong(m):
There is already a thread opened for this on Nairaland.

https://www.nairaland.com/878880/treasury-bills-why-it-best
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 8:28am On Jul 04, 2012
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 forhuhhuh? This is my account officers always tell me not to be too greedy and also not to be too unambitious grin
CareerRe: What Do U Dislike About Your Organization. by feelamong(m): 1:52pm On Jul 03, 2012
They increase my Target every month!!!!! Meanwhile my salary is not increased dat way! embarassed
PoliticsRe: Fashola On Lagos & The Economy - Live by feelamong(m): 9:22am On Jul 03, 2012
mukina2: watch live here >> http://www.channelstv.com/home/live/



On Flooding
really i empathize with people struggling to manage properties, protect their asset, we have an unusual supply of natures gift too much rain in a sense, rainfall means a lot to so many people to those people who are displaced, it means despair, to the farmers, fishermen it means business.
you could never over prepare for rainfall, rainfall is symptomatic for unusual weather, you can just hope that your best has been good enough, we could go and on it is just a challenging time.

a lot of the flooded areas are quite close to river and canal banks, all the drains are not the drainage that evacuates storm water, they are channels to the drain, the real drainage are the rivers lagoons and the swarms. we only build channels to regulate the flow to the drainage.

we have a relief camp where displaced people can be accommodated, we built it in anticipation of this kind of disaster, we are already making assessments, this are phenomenal that the whole world is witnessing, in some parts of the world now the extreme weather you have extreme heat, and houses and burning.
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 themhuh

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
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 9:45am On Jun 29, 2012
feelamong: 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.
The last Auction Stop Rtes are as follows:

91 days -------14.09%

182 days ------15.31%

365 days -------15.60%

Still doing well! cheesy
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 9:44am On Jun 29, 2012
feelamong: 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.



The last Auction Stop Rtes are as follows:

91 days -------14.09%

182 days ------15.31%

365 days -------15.60%

Still doing well!
cheesy
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 9:00am On Jun 28, 2012
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.
TravelRe: Nigeria Is Sixth Most Dangerous Place To Live by feelamong(m): 12:36pm On Jun 27, 2012
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 .... grin
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 11:20am On Jun 27, 2012
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!
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 11:19am On Jun 27, 2012
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.
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 11:18am On Jun 27, 2012
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.
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 11:15am On Jun 27, 2012
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!
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 12:00pm On Jun 25, 2012
feelamong: 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!!!
These are the last Tbills auction rates..
91 days - 14.05%

182 days - 15.31%
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 7:49pm On Jun 22, 2012
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.
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 7:48pm On Jun 22, 2012
meanwhile I have just been informed of another round of TBills auction next week....
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 7:44pm On Jun 22, 2012
feelamong: 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://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)
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 9:52am On Jun 21, 2012
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!!!
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 7:42am On Jun 19, 2012
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.
Car TalkRe: Help With My 2005 Honda Accord by feelamong(m): 12:36pm On Jun 18, 2012
nl.official:
una must talk oooo
bros.. wetin you want make we talk? ok.. just carry ur car go Honda Place make dem tell u wetin dey do am! grin
RomanceRe: Age Difference Sure Matters In 'Will You Marry Me?' by feelamong(m): 5:31pm On Jun 15, 2012
ebera: My bf is 14 yrs older dn me.I lv it
Road to nowhere!!!

RomanceRe: Age Difference Sure Matters In 'Will You Marry Me?' by feelamong(m): 4:19pm On Jun 15, 2012
shymmex: My chic is 25yrs younger than me. undecided
More like pouring condemned engine Oil into a new engine..... grin
RomanceRe: Age Difference Sure Matters In 'Will You Marry Me?' by feelamong(m): 3:53pm On Jun 15, 2012
gree-die:
Age matters to me o...my husby should be 6-10 yrs older dan me
So are you getting married to him or to his age?
BusinessRe: Good INSURER Required by feelamong(m): 10:25am On Jun 15, 2012
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!
PoliticsRe: Merger: We Are Ready To Join ACN/CPC Talks -APGA ! by feelamong(m): 7:53am On Jun 15, 2012
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!
PoliticsRe: Okonjo-iweala Warns Nigerians To Prepare For Economic Recession by feelamong(m): 11:10am On Jun 14, 2012
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!!
PoliticsRe: Arunma Oteh - SEC DG Sent On Compulsory Leave by feelamong(m): 12:20pm On Jun 12, 2012
If you must go to Equity.. You better go with cleam hands!

You cannot be chopping and still not want others to chop too!
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 11:45am On Jun 12, 2012
whatalife: @feelamong,
I just replied you now,
I will be waiting for your response,
Thanks
sent
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 8:15am On Jun 12, 2012
whatalife: @ feelamong, i sent you an email since yesterday i have not seen your reply.
please respond
please resend!
PoliticsRe: Occupy Ikeja City Mall- Shop Owners Shut Due To Parking Fees by feelamong(m): 3:10pm On Jun 11, 2012
Second Base jare!!! sebi na naija we dey! grin
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 5:13pm On Jun 08, 2012
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.
InvestmentRe: Treasury Bills In Nigeria by feelamong(op): 4:27pm On Jun 08, 2012
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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