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Investment / Re: Treasury Bills In Nigeria by phunix: 8:50am On Nov 15, 2019
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!

1 Like

Investment / Re: Treasury Bills In Nigeria by phunix: 7:47am On Nov 15, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 7:49am On Aug 30, 2019
Investment / Re: Treasury Bills In Nigeria by phunix: 7:47am On Aug 30, 2019
chigo4u:
Zenith bank rate for 91 days tenor = 9.5

Do you have idea of other tenors (primary mart)?
Investment / Re: Treasury Bills In Nigeria by phunix: 7:41am On Aug 30, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 4:44pm On Aug 29, 2019
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!
Investment / Re: Treasury Bills In Nigeria by phunix: 1:57pm On Jul 21, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 7:36pm On Jul 18, 2019
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.
Car Talk / Re: The Official Car Comparison/Recommendation Thread by phunix: 10:10pm On Jul 17, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 9:57pm On Jul 17, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 10:09pm On Jun 28, 2019
In the news that CBN wants to reduce money from the system - too much Naira in circulation.
Good or bad news for Tbills?
Investment / Re: Treasury Bills In Nigeria by phunix: 8:54pm On Jun 13, 2019
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.
Phones / Re: The Xiaomi Thread. by phunix: 6:20pm On Jun 13, 2019
You guys are doing good! Thumbs up! Still rocking my Mi Max 2!
Phones / Re: The Xiaomi Thread. by phunix: 6:18pm On Jun 13, 2019
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.
Phones / Re: Android, Anyone? Part II by phunix: 11:07am On Jun 13, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 8:15pm On Jun 11, 2019
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.

1 Like

Investment / Re: Treasury Bills In Nigeria by phunix: 8:11pm On Jun 11, 2019
Femiobat:
Yes you can
Thanks.
Investment / Re: Treasury Bills In Nigeria by phunix: 2:05pm On Jun 11, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 11:31am On May 28, 2019
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?
Investment / Re: Treasury Bills In Nigeria by phunix: 7:22am On May 28, 2019
RealityShot:
364 days
Thanks
Investment / Re: Treasury Bills In Nigeria by phunix: 9:47pm On May 27, 2019
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!

5 Likes

Investment / Re: Treasury Bills In Nigeria by phunix: 9:08am On May 25, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 9:30pm On May 24, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 10:20am On May 18, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 2:46pm On May 17, 2019
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.
Investment / Re: Treasury Bills In Nigeria by phunix: 7:43am On May 17, 2019
please could someone with handy information help us with FBN state of things as regard May 16 bidding on Tbills.
Thanks.

1 Like

Literature / Re: Authors On Okadabooks Drop Your Book Info Here by phunix: 9:59pm On May 08, 2019
Good evening the pen & pencil cuddling ladies & gentlemen.
As an aspiring author, how do I go about submitting manuscripts or getting an editor to peruse my scribble(s)? Am in dire need of assistance in pushing out my imagination in prints.
Thanks already for whatever help I can get from this platform of repute.
Phones / Re: The Xiaomi Thread. by phunix: 7:40am On Apr 17, 2019
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!

Phones / Re: The Xiaomi Thread. by phunix: 10:52am On Apr 16, 2019
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.
Phones / Re: The Xiaomi Thread. by phunix: 9:55pm On Apr 15, 2019
Ifedith:
Landing next week
How much?
Phones / Re: The Xiaomi Thread. by phunix: 3:53pm On Apr 15, 2019
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.
Phones / Re: The Xiaomi Thread. by phunix: 1:28pm On Apr 15, 2019
Ifedith:
Redmi wat?
Redmi line of specs.

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