₦airaland Forum

DFPS:
When is the next tb auction date plsease. Is it every Wednesday or bi weekly?

DFPS:
??

Tranquility2345:
You better enter CBN website to check for yourself. See as he put question mark like say anybody dey obligated to answer am. Hiss! 😔

STOCKPICK:
Please 🙏 great members, how can I move my FGN bond from my bank to my CSCS account? Also, will it result to double annual charges (From bank Custodian and CSCS).

Please kindly advice

DFPS:
When is the next tb auction date plsease. Is it every Wednesday or bi weekly?

Akerewe:
Talk to ur stockbroker about it, u will b advice accordingly

The Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75%.

This is the highest level we have seen the MPR topping 18.75% which had remained since the last MPC meeting on the 24th and 25th of July 2023.

The apex bank also increased the Cash Reserve Ratio to 45% and maintained the liquidity ratio at 30%. The Asymmetric Corridor was also raised to +200/-700

aieromon:
https://nairametrics.com/2024/02/27/breaking-cbn-raises-mpr-to-22-75-up-400-basis-point/

Foodempire:
How will this affect TBs and money market? I want to bid for 19% in the next auction.

ogawisdom:
Good news

Naira on massive recovery mode

I hope it will be sustainable

Rizin:
It is not recovering. It took less than 1 weeks to move from 1300 to 1900+. It is actually cooling to take off again.

STOCKPICK:
Thanks for your reply. I spoke to them but they don't even understand it. They said they are not used to it. Please guide me on how to follow up with them.

Akerewe:
They are the only pple that can help u oo because they are the custodian of ur portfolio.

Alternatively, u can mail cscs and complain to them about ur desire to see ur fgn bond display on ur cscs dashboard. I believe they would assist you.

contact@cscs.ng

contact cscs with the above email

manwomanok:
Useless cscs, they will never reply

yinkaoke:
Hello people, please does any has the new treasury bill auction calendar? Kindly share please.
Thank you

STOCKPICK:
Thanks for your reply. I spoke to them but they don't even understand it. They said they are not used to it. Please guide me on how to follow up with them.

manwomanok:
Useless cscs, they will never reply

Akerewe:
They are the only pple that can help u oo because they are the custodian of ur portfolio.

Alternatively, u can mail cscs and complain to them about ur desire to see ur fgn bond display on ur cscs dashboard. I believe they would assist you.

contact@cscs.ng

contact cscs with the above email

But if I may ask, y do u want to move it to cscs? Any advantage?

STOCKPICK:
Very many thanks.

I want to move it to CSCS because of the custody fee. My bank custodians are changing me too much and I believe moving it to them will eliminate the custody fee. I don't know what CSCS will charge me but I believe it will not be as figh as the custodians.

Kindly advice if I am making a mistake.

ogawisdom:
USD receiving woto woto

I sold all my USD at 1765, it has proved to be a good decision so far.

May be considering TB if they stabilise USD for 2 weeks even around 1400

Calylove:
What is TB rates now?

ogawisdom:
Lol

CBN giving USD woto woto

DFPS:
When is the next tb auction date plsease. Is it every Wednesday or bi weekly?

Fastsnail0806:
considering the interest rate increase, is it likely that a year TBs could go up to 22%, I will like to bid next week but was considering 19% earlier but seems 20% might be feasible .kindly advise.

Rizin:
It is not recovering. It took less than 1 weeks to move from 1300 to 1900+. It is actually cooling to take off again.

ogawisdom:
Lol

CBN giving USD woto woto

Rizin:
My dear look at it as a business..
1. You require a capital base of n2b or n500m,
2. You are given $20k/ n20m +/- which comes whenever.
3. My question is, at what price, how long and how often will you sell 2 to reclaim your 1.

I will tell you that one bdc can not sponsor the importation of one container into the country. It can not pay for one person travel expenses to study in UK.