Infinitisi:


Not true. The statement has been clarified by CBN and discussed severally here.

Those you mentioned were banned from CBN's OMO auction which is different from TBills.

OK. Thanks hanks man!

Good morning my fellow Naira landers!
Just learnt with rude shock that CBN had banned local individuals and corporate bodies from investing in T-bills.
Can somebody confirm this and tell us more that we may not have known? My concern.
Thanks and God bless us.

dipoolowoo:
One-Year T-Bill Yield Rises to 14.98% Thursday
https://businesspost.ng/2019/08/30/one-year-t-bill-yield-rises-to-14-98-thursday/

Befuddled!

chigo4u:
Zenith bank rate for 91 days tenor = 9.5

Do you have idea of other tenors (primary mart)?

To many rates and this is confusing. Primary and secondary markets rates should be indicated explicitly and the corresponding banks be mentioned. My two kobo.

First Bank is 11.8% for 364day tenor according my calculation. First bank's rate is kind of below Par compared to other banks. my thought anyway.

Last two week's bid failed and I learnt there was a boom that week - still sucking!

Good days guys!
Am yet to be credited with either my upfront or capital from Wed day transactions. Whether the bid was successful or not I don't know. #firstbankltd.
Please any news?
Am yet to go to town where my bank operates.
Thanks.

Hello fellow men & women!
Am yet to get feelers from my bank about yesterday's bid: l was debited and up till now no credit for either my bulk money or upfront.
Can't get to my bank now till next week.
Any idea why it's so?
The bank is First Bank.
Thanks as always.

Good evening my fellow great dudes in the house!
I'm pondering on shifting gear to American made cars, what'd you recommend for me considering price, maintenance, fuel economy, climate, etc.?
Thanks already and God bless.

Good evening the great men & women in the house!
Any news from First Bank whether its bid for 364 tenor sailed through today?
I was debited but haven't been credited upfront yet, want to know whether anyone with First Bank has a different encounter. And at what rate was it for the 364 tenor?
Thanks and God bless.

In the news that CBN wants to reduce money from the system - too much Naira in circulation.
Good or bad news for Tbills?

CBN quashes talk of change to exchange rate policy
By Bloomberg News
13 June 2019 | 3:21 pm
Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.

“Nothing has changed in Nigeria’s exchange-rate structure,” and the naira’s value continues to be determined by trading in the Investors’ & Exporters’ FX Window, Isaac Okorafor, a spokesman for the Abuja-based institution, said in a text message.

The I&E FX window, also know as the Nafex window, was introduced in 2017 as Nigeria sought to attract capital inflows by offering investors a weaker and market-determined naira rate. The central bank pegs an official rate — meant for government bodies and fuel importers — at a level about 20% stronger than the market price.


The central bank’s homepage on Tuesday stated that the official rate was “market-determined,” whereas it previously gave a value. The website reverted to its original form on Wednesday.

The naira was little changed at 360.46 per dollar on the I&E market as of 1:20 p.m. in London, and was 306.5 on the official market. Bonds rose slightly, with yields on one-year interbank T-bills falling five basis points to 13.93%.

Central bank Governor Godwin Emefiele, who was re-appointed for a second five-year term last month, says the current system, which includes restrictions on imports, is the best way to diversify Nigeria’s oil-dependent economy and boost manufacturing.

The International Monetary Fund has long been critical, saying the absence of a single exchange rate creates confusion and deters foreign investment. On Monday, the Washington-based lender said it was, for the first time in almost 40 years, reviewing how it deals with members that have multiple exchange rates.

“By limiting the circumstances in which Fund members may introduce and maintain multiple exchange rates, the multiple-currency practices policy aims to promote orderly exchange arrangements and a stable system of exchange rates,” it said in a statement.

Renaissance Capital said in an April note that Nigeria and Venezuela are about the only emerging markets in its coverage that have multiple exchange rates.

You guys are doing good! Thumbs up! Still rocking my Mi Max 2!

Good brothers & sisters!
Please can one get a ₦15K tablet today in the market?
My son needs it - once a while I should be able to use it to read while he engages in other stuff, and sleeps.
Thanks.

Good brothers & sisters!
Please can one get a ₦15K tablet today in the market?
My son needs it - once a while I should be able to use it to read while he engages in other stuff, and sleeps.
Thanks.

ahiboilandgas:
This what the cbn want the ideal situation..not dumping capital on fixed income but people with capital are forced to take risk and create bussiness and employment ,then pay income tax and cooperate tax to firs then govt use the money to run the country....but tb cause laziness if the brain ,high rate cause unemployment and low tax collection...it can go as low as 7 per anum ....

Ahiboilandgas lead the think tank group becos na you bi di senior man here.

Femiobat:
Yes you can

Thanks.

Fellas greetings from Above.
Tbill investment: can one have multiple investments with same name, same account concurrently? One is yet to mature and I'd like to invest another using my same account with my bank.
Thanks as always guys.

RealityShot:
yes.

You earn upfront interest again if you invest the first interest at the same time.
(but the interest must exceed 100k)

Exactly how much minimum?

RealityShot:
364 days

Thanks

Good evening great minds! Hope hustle & bustle yielded desired gains?

In quandary: which Tbill tenor in the long run is better yield-wise?

Ahiboilandgas I Dey gbadun your experienced pedagogy. Thumbs up!

All my fellow guys ekene nu o!

RealityShot:
N28, 400 interest cannot be rolled over automatically

I did authorise for the discounted rate to be rolled over.
Please gurus in the house, what tenor is better to invest in? After the present tenor matures in August I'd like to continue but I need candid and professional advice on the best tenor to delve in.
Thanks already fellas.

Good day great fellas!
Could someone please calculate this for me:
1.2m at 9.5% for 91 days tenor. Discount rollover (added to the 1.2m) for reinvestment as principal.
Thanks guys.

FBN failed or they did not bid at all? No credit on my account yet, and no news from the bank about my bid whether it's successful or not.

Nichee:
I don't think first bank took part in last auction. The lady I met said they did not recive any advise from their Hq...... But I was able to get a secondary offer of 12.15% for 322days

FBN are still withholding my money. No credit alert yet and have checked my balance but no such money has been returned.

please could someone with handy information help us with FBN state of things as regard May 16 bidding on Tbills.
Thanks.

After signing up to Mi Account this keeps popping up whenever I turn on my network beit mobile or wifi, what can I do to stop it, atleast?
Ta muchly already guys!

Morning guys!
Just bought a screen protector for my Mi Max 2 and in less than three months it's started peeling off. Do anyone in the house has a similar experience? I bought it through a fellow nairalander who's based in Lagos - am not in Lagos.

Ifedith:
Landing next week

How much?

Ifedith:

Ok


U can simply say the max is the bigger redmi note... As such with bigger batteries amd bigger size.

Thanks man!

Am yet to fully engage the functions of the phone. Need more tips guys...though I can do a whole lot.

Ifedith:
Redmi wat?

Redmi line of specs.