₦airaland Forum

4601CE:
Please when do you get the interest in your bank accounts on the coupon payment dates .
I mean ,what time?
Is it in the morning?
Has it ever been delayed till next day ?
IHelp ,Kolping … please I need your review before I make some decisions.
Thanks .
God bless.

The delay I have ever had was for my first coupon payment. I had issue with the bank details I submitted. It was later resolved and paid.
Apart from that, payment has been made same day indicated on the subscription form.
Sometimes it drops in the morning, some other time in the evening.
I received payment yesterday by 5pm and today 4pm

NL1960:
This is a good amount for MMF and try to be consistent in the 12 months. Never knew about MMF. So i started with savings account and built over a long period before i delved into Treasury bills. I still have the savings account where i still put aside on a monthly basis for a targeted 12 months period. It is not easy sha with soaking garri and hunger to achieve that.

You might like the FGN savings bond. Do check it out if you have not.

Gavrelino123:
Why should he wait..?
I got 195 days @ 11.6% on last Friday.......!!!
But when i made enquiries last Monday,the maximum was 11%...... 0.6% sub-rise.
This is a common intelligence and understanding☄☄☄
Even if he waits for the next primary Auction,364 days should be around 12.5% or 12% as against the stop rate which is 13+.......Don't be surprised to see some banks bidding 12% or less....
The risk of failed bid...☄☄☄☄
I don't think it's worth waiting.....because he's also loosing in reality.....the numbers of days wasted..!!
Have you forgotten that he's loosing each day he waits in the real valuation of time and interest..?
Waiting for over a week..?
Lol..............................
Oga....time is money...!!!!
I understand you lucidly...

Ikmontana1:
m confused rite nw ..
maybe I shud invest in secondary market 2maro at 100+ tenor or jus wait till next week n invest in primary mrkt directly at 364 days ,
cos m predicting d rates at primary mrkt might increase at nxt week auction ..
very confused rite nw ..
jus wnt to mk more money ..
Bosses, any suggestion ??

I will wait if am in your position Ikmontana1. If the fund is large, I will split it 40%sec & 60% pri

Buffalowings3:

What do I have to gain by lying?
After all its my money?
I bought 60k now it is 57kr

I won't exchange words with you cos I'm sure youre a marketer

Definitely not money market fund. Contact customer care to confirm the fund you are subscribed to or login to you account online to confirm.

September 2018 offer rate

This month the rate increased by 0.696

2years - 11.364% per annum
3years - 12.364% per annum

August 2018 offer rate

This month the rate increased by 0.185

2years - 10.668% per annum
3years - 11.668% per annum

4601CE:

I have a question though.
Please
Will my Capital be paid at maturity into the account I provided on that Savings bond form? Or the one I provided when opening CSCS account?

It will be paid into the same account your coupon/interest is paid

Mission accomplished!
SMH

4601CE:
It’s finally back on my CSCS portfolio. ☺️☺️
Even tho I didn’t receive any text message from dmo
God bless Nigeria
Cc Ihelp, Kopling .
Thank you

Ok. Hope it doesn't disappear again.

4601CE:
this is becoming more interesting as it has disappeared from my portfolio.
I weak

Contact cscs to know what happened

4601CE:
Ive subscribed to that CSCS and I can’t find anything like FGN Savings Bond there.
Which kind DMO is this na.
I even contacted my broker and they said …
CSCS/DMO is yet to credit me account with the bond unit.
And they’re hoping it will be credited before the end of this week

You should be able to see previous subscriptions. That of July 2018 is yet to reflect.
When you login to your account, on the menu list click on "My Portfolio".
If you have account with different brokers with the same CHN, it will all be listed there.
Click on the account you used to subcribe and you will be able to view what is in that account.

Agbalowomeri:
You don see person provoke for bull? Show me one post for first three weeks of January
The codeine wey bull dey pump for we system no be here

Exactly my thoughts. Small thing can provoke people for bear. You can imagine when bull was revealed to you and you entered the market only to see bear.

Kolping:
@4601CE
If your application was successful, you should get a text message from the Debt Management Office. According to the offer, the settlement date is 11 July, so wait until then for your text.

It will not show on your cscs account until after the settlement date. You could pay the yearly cscs fee of 2,500 Naira to monitor your investment. It's worth doing so. Your stockbroker can also access your cscs account and send you a printout by email.

4601CE:
Thank you very much for your response .
I’m not sure I’ll be able to pay that CSCS fee . I will wait patiently for the text .
But you mentioned some investor login details your stockbroker sent to you or something like that on the Bond thread . Please tell me about it . Thanks

Kolping gave you the right answer. You get the notification after the settlement date. Sometimes it delays for some days.
Also, paying the annual fee to cscs to monitor your stock and bonds is worth it. Unless you are investing very little fund.

On NL the thread below is the best place to get all answers on Tbill.
https://www.nairaland.com/878880/treasury-bills-nigeria

July 2018 offer rate

This month the rate increased by 0.139

2years - 10.483% per annum
3years - 11.483% per annum

m784n:
Waiting patiently for the July rates

m784n:
Please why is July rates and all not out yet??

Agbalowomeri:
The money no finish, someone else took it

Lol. Depending on the volume. I think I took part or all

jp130:
Plz how do i withdraw from morgan capital after selling my holdings?

Send your withdrawal request to them through your registered email.

onegentleguy:
Some folks are probably in the 'NSE room' just to make money for brokers.
...People really need to understand the basics of price/volume swings and dynamics.
One of which is that its unwise to hurriedly exit a stock whose current day low is higher than its WAvg and Ref price, and its highest bid as at the time also higher than both its day low and Ref price. (presently playing out in 2 penny stocks)
...especially when its a fundamentally sound coy.

Thats why oftentimes there are regrets after exiting a coy.
No one is perfect, but people should learn to do better.
...otherwise u will only be making money for brokers.
...and those who have the basic idea will continue to benefit from ur psychosomatic behaviour.

Just a pivotal piece of advise.

I am one of those "making money for my broker". I am not complaining. At the end of the day, I make a very decent profit.
The bottom line is to stick with what works for you until you learn a better one.

eezeribe:
It's my pleasure.even though interest rates do fluctuate, but by the end of the year, the yield would be based on an 'average' of all the fluctuations.
If you invest 10000 in MMF at 12.31 %, your interest after one year would be 123.1 naira, which is equivalent to 10.258 Naira every month.(excluding compounding)
Investment in the capital market only makes sense when your starting capital is on the 'high side'.
One good thing about the money market fund is that interests are compounded quarterly...

Sir/Ma,
Your calculation above is for N1,000 and not N10,000.
The interest based on the assumed rate will be N1,231 for one year.
Kindly recheck.

Kolping:
Ok. Thanks. I received my investor account details (dated 14 June) from my stockbroker but the June offer was not listed. I also haven't received the usual SMS confirmation from DMO.

Just got the notification for June purchase.

Kolping:
@IHelp

Do you have any contact at DMO to confirm a purchase of FGNSB June offer?

I do not have any personal contact at DMO. They have some numbers on their website. Though I have not tried reaching them through that channel.
You can as well try registering with cscs. As you can confirm your bond/stock online through them.
When ever I need clarification I contact my broker or Cscs.
I am yet to get notification for the purchase of June Fgn savings bond but I have already confirmed it in my cscs account.

IchimokuPilot:
We doubt your loyalty going forward, though you stayed back.
We also immediately start preparing a replacement for you, should you bring up this kind of ingratitude in the future.
We are just offering you this increase now to save our revenue.


..........Reporting from the heart of a HR manager....

Exactly my thoughts. As long as you have informed X, the only option for me is to move on.
The "temporary" salary increase is just a trap

awesomeJ:
Q3 you meant sir.

Good news is for the first time since Q3'17, they'll be selling over 1trn worth of these bills. one may want to slow down on buying long tenors now.

ahiboilandgas:
why

I believe rates will soon go up like AwesomeJ stated. Fgn savings bond rate is higher than the last Tbill stop rate I saw. Meaning government wants to lock up the rate for longer term before the rates increase.

#JustMyThinking

Adayoung:
Good day, between mmf and fgn bonds which is better?

Both have it's advantage and disadvantage. It depends on your investment plan.

June 2018 offer rate

This month the rate increased by 0.864

2years - 10.344% per annum
3years - 11.344% per annum

Ugosample:
But I'm still a bit confused tho

How can I buy bonds from my stock brokering firm?

If you already have an account with a stock brokering firm, fill the Fgn savings bond subscription form and send to them. Make payment for the value you want to purchase.
Some firms use the same account for your stock and bonds while some have different account for bonds.
You should contact your broker for more info.

freshpzy1:
hello house.....
pls i av this questions
is my investment in fgn savings bond free from tax?
and is the interest i receive from it free from tax too?

Yes. It is tax exempt

SoNature:
But a quarter is supposed to be every three months, making it four in one year. Please don't argue

Thanks.
Every 4months was a mistake. (Correction: Every 3months). I have corrected it on the post. All other calculations on the post is correct.

Loaded some fidelity.

mendes911:
5M units line up. Is that you?? DBN.

Na Mpeace 5m×4

First bank dividend just dropped.
#Account shaking

currentprice:
^
^^
with your over 10 years experience in the mkt, you still asking the newbie question

vv
v

When breeze blow, ..... open