₦airaland Forum

From my previous limited interaction, I see even some gnarled investors here are confused by the T'bill / bond allocation process and have inadvertently passed wrong information to enquiring newbies.

The link below is a 'friendly' writeup on the jargon and process (perhaps, read in conjunction with the results table above for reference) ...

https://mailchi.mp/afrinvest/invest-as-low-as-n5000-in-fgn-savings-bond-earn-quarterly-income-at-11244-and-12244-october-2019-dmo-offer-634728?e=dc9601418b

Good day.

jabolo:
If you're referring to the T-bill auction process, I'm not sure this is correct but then, seeing all the recommendations perhaps I didn't understand the original question. If so, I apologize ahead.

FWIW, all successful bidders get the marginal rate (rate at which the subscription is fulfilled when all bids are aggregated in ascending order).

Just think...

- Imagine the administrative nightmare managing different institutions' bids at different rates following each auction;

- Quoted yields in the secondary market would have no meaning if the same instrument had different interest rates for different bidders...

Etc

Good Day.

Oh, I see now but not really works that way.

When you apply for TB via bank ahead of the primary auction, their form asks what rate you will bid or whether you prefer to bid with the bank's rate. This only affects the likelihood of the bid being successful, last last you will get the CBN marginal rate if successful.

In the secondary market, the Banks (or any seller) are free to quote any rate to sell to you. It's their profit margin.

Good day.

NL1960:
Treasury bills is a bid and offer process. If a bank bids 10% and CBN offers 13%, the bank gets 10%. If the bank bids 13.1%, the bid fails.

If you're referring to the T-bill auction process, I'm not sure this is correct but then, seeing all the recommendations perhaps I didn't understand the original question. If so, I apologize ahead.

FWIW, all successful bidders get the marginal rate (rate at which the subscription is fulfilled when all bids are aggregated in ascending order).

Just think...

- Imagine the administrative nightmare managing different institutions' bids at different rates following each auction;

- Quoted yields in the secondary market would have no meaning if the same instrument had different interest rates for different bidders...

Etc

Good Day.

NemoDatQuod:
You may not have done something wrong. But there are ways of communicating that will be welcoming especially with such challenging themes such as cleanliness. If your younger self were told the same thing you told that teen and in the same way you told her, your younger self will also be upset.

Good talk. Communication is underrated if what you are trying to achieve is behavioral change, not simply win the talk talk prize. Else, it's one ego trip after another.

I always advise people to Google "criticism sandwich".

If you subtly add critical advice in between two episodes of praise/flattery, you will reach her better.

So... (1)You look nice today, I always enjoy your company (2) Maybe try this deodorant (3) Hian! No one can slay pass you now.

Good Day.

See one of his fantasy threads here, posing as offshore oil worker...
https://www.nairaland.com/6516978/please-there-remmitance-still-send

The outlandish story he weaved, I could smell the cheese from a mile off...
https://www.nairaland.com/6516978/please-there-remmitance-still-send/1#101050517

Davidebun016:
Good afternoon house, my name is David, I am a silent reader on this forum for a very long time. I really appreciate all the professionals on this forum for a good work and also all their contributions.

I have this question that I need to ask our professionals in the house in which I believe solutions would be provided

...
Pls house help me look at the above breakdown help me out. My electrician don't understand all these . I will appreciate your input

Thanks

Welcome to the forum.

For this size of investment, you needed an Electrical Engineer (not an Electrician) to design the installation. The M&E drawings ought to have been stamped and approved alongside the other building architectural drawings. In a sane society, those drawings enter a repository that distribution companies use to plan for area demand growth and thereby avoid the frequent transformer/feeder overloads we have.

- If you don't know the size and distribution of the load, how have you sized your various cables and switchgear within the installation?
- How has the load been distributed across the various phases since you're likely going to need a 3 phase supply?

Anyway sha,based on the limited information above >> back-of-the-envelope calculation (while drinking and chillin' on a lazy Sunday evening so bear with me if any errors) ...

AC loads: 23 x 1.5hp = 34.5hp = 26KW
LED Recess: 12W x 76 = 0.92KW or 1KW approx
LED light panels: (assume 25w each) x 52 = 1.3KW
Cookers: (assume 2.5KW each) x 2 = 5KW
Water heaters: (assume 2KW each) x 3 = 6KW
Sockets: Assume 2 rings in each office and each apartment, so 8 rings in total @ 1KW per ring (assume some usage redundancy) = 8KW

Estimated total = 47KW

Suggest you need a 60KVA (or slightly bigger for future contingency) 3-phase transformer. The distco might likely step it down from 11KV.

Good day.

Thugnificent:
Guys I'm in a fix right now. I haven't eaten good food for days and hunger is no respecter of person and the economic situation is terrible thanks to Buhari. I don't have strength now for hard labor like carrying blocks else I would have done it. What can I do for you to earn urgent 5k so I could at least buy some foodstuffs. I could cut grasses in your compound, wash your car, run errands. Or anything at all to earn the 5k. Note I'm in PH. God bless you....

Congratulations for doing this with your original profile (from 2011! ), put out there - warts n' all.

Shoot me a PM sometime, apologies in advance if it takes some time to revert as I'm hardly online.

Good Day.

ublight:
So guys, yesterday I took my babe out to just sit out and have a swell time together in one of those lounges in uyo. I was with 3k physical cash, and my gtb debit card had over 60k. All was just for flexing

....

Got home, called babe to ask her how far. She started laughing and calling me a coward. She meant it as a joke, but it was demasculating and demeaning.

I think I am done with her.
What do you guys think? Am I over reacting?

Young man, you write very well. Actually, your varied imagination is coupled with powers of narration - excellent traits.

Any prospective employer should have eyes on you.

Keep it up.

Wapgod:
How do i invest in eurobond assuming i have the minimum $200,000?

With the funds sitting in your domicilliary account, the world is your oyster.

As mentioned above, your bank is a first port of call, to facilitate this, through the secondary market. You should make sure you continously monitor the terms offered against the published yields because the market is quite transparent.

You can also participate in the primary market whenever it comes around.

Good luck.

Johntitus:
Good day guys.

My Baba's house (4 bedroom apartment wey dey completely furnished and finished) was destroyed today on grounds that the government wants to build an airport there.

The funny thing be say there'll be no compensation whatsoever from the government (nah wentin dem talk).

It's really painful cause almost all of us follow mix cement in order to build that house and now nothing dey to show for it. My mama don cry tire.

The house was located in Idah, Kogi state.

It wasn't only his house that was destroyed though.

I just dey seek una advice on wentin man go do. Is there any way or place we could table the matter to at least get compensation? The labour of our heroes past shall not be in vain.

PS: the destroyers didn't tell us if they were from FG or State government; they only said they came from Abuja.

Is it located in Akpatega? If so, I had some time on my hands and carried out 5 minutes of internet search, reavling the following:


1. There was an airstrip in Akpatega. It became disused and it seems people encroached on the land ...

https://www.facebook.com/186649875250364/posts/this-is-idah-igala-land-aerodromeaerodrome-is-a-small-airport-the-one-in-igala-l/416516058930410/

But behold, the aerodrome became a farmland, area for quarrying, people's plots of land, mining and parking of sand/stones by tipper operators after his transition. Yes, a stone thrown into the market does not select the enemies from the friends, and so we are all affected. These illegal works continued there until the coming of Attah Idakwo Ameh Oboni. He asked them to stop immediately the day he visited the aerodrome in 2013. He made the whole areas to be cleared and leveled. Today, the situation of it is as in the picture above but do you know what, the Attah Igala and the federal govt have made a plan to revive it, and to have it upgraded to a standard airport very soon, a reliable source informed me.


2. The 2020 Budget approved by the National assembly contained approval for a project submitted by the Federal Ministry of Aviation to maintain the Idah Airstrip, to cost 150 million Naira.

https://yourbudgit.com/wp-content/uploads/2020/01/MINISTRY-OF-AVIATION.pdf
See Page 5, Item: ERGP31144151 MAINTENANCE OF IDAH AIRSTRIP


Putting (1) and (2) above together, you may not have a case. The airstrip has been encroached upon and the Federal Government is about to resuscitate it.

Apologies if your property is not in Akpatega. Good luck.

sirrotex:
Yes I know it's Bi-annual. Let's assume I invested 1m in December 2021 at 13%. I am supposed to get 130k per annum and this 130k is to be paid twice a year,i.e June and December. However what I received today is N 26,450 as opposed to 65k thus my confusion. Anyone here experienced this before or anyone with an explanation?

I think you got paid for a previous Sukuk you must have invested in, check well.

The 13% December 2021 Sukuk coupon is being paid 29/30 June.

Regards.

.

emmanuelewumi:
Do you have a link to the details of the allotment?

No link but I use a broker, and was forwarded letterheaded confirmation (from the joint issuing houses) by my customer relations person.

Sukuk 4 Allocation Advised!

- Rental Rate: 13.00% per annum
- Rental Payment Frequency: Rental payments will be credited bi-annually, on 29 June and 29 December every year until the Maturity Date
- Issue Date: 29 December 2021

All Retail customers should have got their full allocations. Check your bank/broker or where you applied.

That was never a red card. He was shielding the ball.

Observations so far ...

-Simon is taking on too much. A simple give and go is more effective than trying to beat two or three defenders.
- The strikeforce is an uncoordinated mess, not playing off each other, like they must met.
- Our midfieders are 'hiding', not really looking to run into space to receive the ball and make things happen.
- Long ball football is embarassing us.
- The entire team is lethargic, rather hoping something will happen, not inspired to go all out.

Hope they improve.

Ojix85:
Dear House experts,

I received the bonds secondary market offers below.

I would kindly like to know which would be the most profitable to invest in assuming I have a capital of N5mill.

I still do not understand the relationship between yield and coupon rates.

Thanks in advance.

Focus on yield. That is what you are effectively earning on the bond - when the price you pay and the coupon you are due to collect over the rest of the bond term is taken into account.

Then, the remaining duration of the bond. How long do you want to tie up your money, while earning that yield.

These depend on your own investment stance and possible alternative uses for the fund, if any.


Personally, the 17-Mar-2027 (ie, 5 years remaining) bond, yielding 12.20 would be an acceptable compromise for my own circumstance.

jimmykhidge:
On Wednesday morning I got into my BMW f30 to go to work. It was cold outside. I pressed the start-stop button to start the engine, but there was silence in response. The neighbor said that the problem is in the diesel fuel and it is necessary to warm it up. In the end, nothing helped. I called a tow truck, the car was taken to the service station. Dirty spark plugs were the cause. We did not have much in stock, we had to order from the best spark plugs for 4.3 vortec. After installation, my BMW f30 started up successfully. Thanks, guys for their work.

Spark plugs on a diesel car, lol. These blo.ody spam robots.

emmanuelewumi:
You don't understand the grammar.

It was a reopened bond. The rate for yesterday reopening is at a yield of 11.5% because it is a bond that will mature in 4 years time.


12.5% FGN bonds 2026, will still be used to describe the bond, that was the rate when the bond was introduced in 2016. But the current yield based on yesterday's bid is 11.5%

Yes, my bad, just saw that was a re-opened bond so pricing will reflect the yield with coupon maintained. Thanks.

I'm on oversight overdrive on DMO weird pricing - comparing that new issue 20 year bond coupon to the 10 year Sukuk.

emmanuelewumi:
Please explain

Marginal rate was 11.5% so fully subscribed.
Then bumped up to 12.5%, just like that.

skydiver01:
Below is yesterdays bond auction result

This is very dubious. Our commonwealth being sacrificed to personal interest of 'rent collectors', no doubt.

Akerewe:
pls house, where can i obtain satisfactory credit bureau report, what is it all about and how do i go about it?

I presume you are applying for credit.

Read here... https://www.vanguardngr.com/2021/09/loans-in-nigeria-how-to-check-your-credit-score-and-also-improve-it/


How to check your credit score

Every Nigerian is entitled to one free Credit report every year from any registered Nigerian Credit Bureau. To get a free credit report in Nigeria, use any of the following sources:

Dial the USSD code *565*8# on your mobile phone to get instant Credit reports from CRC Credit Bureau. This service is currently available to MTN subscribers only. Read about ALAT USSD Code and how to use them
Get a free credit report from Nigeria’s first independent licensed credit bureau. You only get one free report per month.

Born2conquer:
What you could use the space under the concrete tank for is endless unlike a mental fabricated stand.

Lol

1. Climbing frame for kids in the compound. They therefore tend to be healthier and more spritely. In my youth, I have rapidly climbed, then jumped off many of these pretending to be a 'paratrooper'.

2. With a leaky tank, you have an emergency public shower...

etc

Dijita:
Nigeria doesn't have sewer system. You don't want stagnant water in your compound

This IMO is a common issue with all the BioDigester alternatives being pushed here lately. I've asked before and did not receive satisfactory response.

Considering you are planning to discharge the effluent from the BioDigester into public gutters (as, we have no sewers), how much testing has gone on to guarantee the quality of the effluent, and what certification has been given to permit this?

It's no use waving a hand and saying it will be ok. As a responsible home owner, if you're adopting this technology, you should be concerned about this as well. Typhoid is a major problem already.

Akerewe:
Pls I learnt above that the principal repayment will take place in February 2028 but I also got this below table from my broker stating that there is still going to be a payment feb+august 2028 then principal repayment also. Which one is correct between the two pls?

Most likely a mistake IMO. You should not be expecting coupon payments after the bond has been redeemed.

Congratulations on your bond learning journey. You are very determined and the knowledge will pay off in the end.

Tsuccesssquare:
I went to the aluminium company with the roofer. While there, observed side discussion between the roofer and the receptionists, cashier and even the guys in the factory; was also sure the quantity he quote was much more than needed. I made payment for all the quantity in his quote but was so determined to leave there with exact quantity I paid for.

See that my initial gra gra that I'll start 2022 on an optimistic mode for our dear country - this really hit me hard you don't know.

Still, we rise.

A prosperous 2022 and good luck to the honest service providers out there. Keep doing what you are doing.

BiolaInsurance:
I have never heard of this complaint from any of our clients. We have the best of the best service out there. This makes your comment invalid as you are supposed to contact the customer services if you ever had this experience which I am 100% doubt you did.

For interested clients; I will really advise you ask from close people that use AXA Mansard services about us and you will find his comment very derogatory.

Recommended Course: How not to respond to customers 101

Guy has reported a negative experience. Never mind your illusions about your company, the proper thing would be to show empathy, ask for details, then offer to help ameliorate the situation - personally if possible.

I was about contacting you for home insurance too, damn.

Good day.

Ayodeb:
You are discussing with adults not children. Tell me a regulated broker that is RISK FREE!
All forex brokers carry a Disclaimer that you RISK LOOSING ALL YOUR FUNDS.

Tell me another story please.

I thought you were actually open-minded but you remind me about those folks so invested in MBA Forex they were unprepared to address facts laid before them. At least you've not gone down the coarse abuse route yet lol.

Take a read of this site...

https://behindmlm.com/mlm-reviews/intelligence-prime-capital-review-boris-ceo-ponzi-scheme/

If your eyes are actually open, and you're being honest, you'll recognize all the red flags they've dug up on Intelligence Prime Capital.

If there's anything there you can counter with, feel free to share it here. I'm assuming you are sticking to your word that you want an open honest discussion on this (in my words) scam.

Good Day.

smeag0l:
I use IP capital but I can tell you that what he said is true
There's no bot anywhere and what they post on mt4 are fake trades. I also read your post where you said they're regulated in US, Canada and Australia but the truth is that they're not regulated in any of these countries. At least, not by a forex regulatory body. If you want to know that the trades are fake, keep your focus on your mt4 for the entire duration at the time they trade but you'll never see any live trades. You'll only see trades in profit in your trading history. And usually, when you trade with bots, you'll always see the bot name or trade ID. You'll never see that in your trading history with IPcapital. Besides, they pay you 10% of the capital of the person you're bringing in. We all know this model isn't sustainable and when they start getting less snd less new people, the bubble will burst. There are several other things I can tell you about IPcapital but let me just stop here.

Please don't stop. You have provided comprehensive insider proof that this is just an MLM Ponzi operation.

The OP and others pushing this Intelligence Capital scam are only chasing commissions from their affiliate program. Any pretence at trading is bogus.

freeman67:
I don't think anyone has heard from any of the issuing houses or broker/agents yet. If successful, you will be contacted and certified/proof of investment forward to the email through which you communicated with them. Also, people around here will talk about it.

Yes, the allocation has not been advised but the issuing house/broker ought to have acknowledged the application form and payment at the very least.

OfficialSam:
I know about a letter administration and I have that already. I don't know how the stock market works or how shares accrues. She invested 99k about 14 years ago. So I'm only asking if liquidated, how much can be the estimated value at this present stage? And what can I expect if I leave it for about 5 years to come?

The dividend statement shows she has about 4,900 shares in First Bank Holdings.

If that still holds, current price is about N11, so selling would yield about N54,000.

If you choose to hold, current dividend is about 50 kobo per share each year so expect to receive about N2,500 each year.

You should have your own investment stance since you know your own current financial issues or otherwise.

If it's me, I'll process the L of A to transfer over, then file and forget for a while, collecting the small small dividends. First Bank is a 'blue chip' bank, and too big to fail in the Nigerian system.

It has very healthy trading volumes as well so you will have live pricing to guide your decision when you come to sell.

Good luck.