₦airaland Forum

also to add to this i did not actually filled any for just a letter of application stating the tenor, rate, acct nos amount, and i signed my acct. Officer says they wil tak it frm there
house pls is that hw it is done? Am a newbie pls ur contribution would be welcomed thnx @feelamong n co. 4 this thread

just walked into my bank this morning and was able to buy 91days tbil at 9.5percent and this is my first investment in tbills i hope the account officer work on it cos my acct. Has nt been debited keeping my fingers crossed

come to apapa tin-can area u will see people that are ready to pay u money 4 d truck as soon as possible that i can assure you how much is the asking price?

does any1 have the full report from proshare

activity of the week under review was
influenced by 1) the September 2014 FGN bond
primary market auction held by the Debt
Management Office (DMO), 2) the treasury & OMO
bills auctions by the CBN and 3) Monetary Policy
Committee (MPC) meeting which was
rescheduled to hold on the September 18 and 19
2014 against the earlier proposed date
(September 22 & 23).
At the monthly FGN bond auction, three
benchmark bonds were re-opened i.e. the 13.05
August 16, 2016 (3yr), 14.20 March 16, 2024
(10yr) and 12.15 July 18, 2034 (20yr). The total
amount offered and sold was N100.0billion –
N15billion 3year FGNs, N50.0billion 10year FGNs
and N35.0billion 20year FGNs; marginal rates at
the auction came out around the secondary
market levels at 11.49% (3year), 12.23% (10year)
and 12.30% (20year) against 11.12%, 12.22% and
12.39% for 3year, 10year and 20year respectively
at the previous auction.
At the treasury bills auction, N33.27billion and
N50.28billion worth of 91day-bill and 182day
were offered and sold at the rates of 9.58% and
10.24% respectively against 9.90% and 10.20% at
the previous auction. Total subscription during
the auction stood at N122.04billion (42.59%)
lower than N174.02billion recorded at the last
auction.
In line with the monetary policy stance, a total of
N120.0billion worth of OMO bills with tenors
ranging between 146days and 147days were
offered while N285.15billion was sold at a
uniform rate of 10.80%. Total subscription stood
at N321.15billion (267.63%). The high
subscription levels could be attributed to
increased system liquidity on the back of inflows
(c.N397.62billion) from redemption of OMO bills
and monthly budgetary allocation (FAAC) during
the week.
At the OTC market, there was sustained intraday
volatility as traders actively engaged in trading
early in the week in reaction to the midweek
auction and to speculation regarding the outcome
of the MPC meeting. The outcome of the midweek
auction could not significantly affect the market
as traders traded cautiously in reaction to
speculations on the outcome of the MPC meeting
which held towards the end of the week. We
expect the market to become more active in the
week ahead as we believe the current yield and
liquidity levels will lead to sufficient demand from
both domestic and offshore investors.
The monetary policy committee (MPC) acting in
line with market expectations retained MPR at
12% for the seventeenth time whilst CRR – on
public sector deposits, liquidity ratio and net forex
open position were retained at 75%, 30% and 1%
respectively. Also retained at 15% was the CRR
on private sector deposits.
In the week ahead, we expect that treasury bills
worth c.N114.40billion will be offered across
maturities (91day- N21.58billion, 182day-
N33.78billion and 364day-N59.08billion) Also
expected is the maturity of Treasury and OMO
bills worth c.N114.40billion & c.N144.36billion
respectively. On the back of this, it is expected
that the system liquidity will remain elevated as
the CBN may continue with its monetary policy
stance by the way of OMO bills issuance.
POSHARE ANALYSIS BUT INCOMPLETE

my guy Treasury bill keep 100k and use the rest to sustain before u get a job have used mine too

Godside: Pls like when can i start investin since d auctn was yestady .

Godside: wao! There is nothing more to it bro . Sori for d disturbance . I tot it wont b gud 4me 2flood d thread wit a learner questn . Thnx .pls is thr a way i cn earse my numba 4rm ds thread

house when is the next auction on tbills cos I want to bid by myself using porshare analysis I pray I see it tonight

@walcom thanks for the advice u just have to forgive newbies liike us sorry but am very happy with the response so far thanks Guys

please mr abe let do bissness how much does it cost to buy d truck?, which model and tons to buy and what spec pls forward a comprehensive report to my mail as this is a public forum i can't share my nos and also what are the regulations or agencies in charge please respond Asap let get something started my mail ekeobiajurum@gmail.com please asap thanks GOD BLESS

please house I have been following this post for quite sometime and I want to invest in tbills
I made enquiries from diamond bank and they replayed that they charge 0.25% on principal as am investing 100k
pls house is that the correct charge or are they trying to pull wools over my eyes
please I need advice from old tbill investor or mail me @ ekeobiajurum@gmail.com will be very happy for tips and suggestions