₦airaland Forum

Odunharry:
Last stop rate was 20.3 for 364days. Mpc meeting will give idea of what rate generally will look like.

Okay, boss. Thank you

Which CP is that? you don't mind me asking.

Please what is the essence of having FMDQ deposit details to subscribe to CP? and how do I go about opening one? are there fees associated to opening FMDQ account?

Is FMDQ deposit account any different from CSCS.

I was asked to send in my FMDQ depository details after a successful subscription to a CP.

freeman67:
Not yet ooo. I am mailing them this morning.

Na why all these investments managed by government people don begin fear me since late last year ooo. Coupon and matured bills are no longer paid as and when due. The CP that defaulted that day, I was immediately notified of the default by the Arranger and I was given a timeline of payment. Before it even get to the day they promised to pay, they already paid. The only issue I have with them is that there were 2 CP opening that I would have reinvested and the 2 closed before I got the money but then you get more communication and accountability.

WAYOO!!

digitalinvestor:
Which CP is that? you don't mind me asking.

Please what is the essence of having FMDQ deposit details to subscribe to CP? and how do I go about opening one? are there fees associated to opening FMDQ account?

Is FMDQ deposit account any different from CSCS.

I was asked to send in my FMDQ depository details after a successful subscription to a CP.

The CP is Afex Fair Trade Limited (AFTL)

Yes FMDQ is a separate depository. Please see the details of FMDQ.

RE: ENQUIRY ON FMDQ INDIVIDUAL ACCOUNT OPENING

FMDQ Depository, registered by the Securities and Exchange Commission (SEC), offers a secure depository for financial market assets, and facilitates the settlement of capital market transactions. As part of the FMDQ Group, which prioritises innovation, FMDQ Depository integrates seamlessly with FMDQ Exchange and FMDQ Clear to ensure efficient market operations for all securities held on the FMDQ platform.

Our Central Securities Depository (CSD); Q-ex Depository System, delivers high system performance, advanced operational functionalities, robust risk management, and an enhanced user experience for Capital Market Operators (CMOs), Institutional Investors, and Individual Investors like yourself.

Additionally, FMDQ Depository provides you with access to an Investor Portal; Q-extra, which features:

Customisable and on-demand statement and report generation
Securities portfolio view
Consolidated account view
Secure and 24/7 access
Corporate action records
Asset valuation


To complete the onboarding process, the following are required:

Completed Eligibility Form (attached)
Duly completed Signature Mandate Form(s) (contained in the Eligibility Form)
Means of Identification (International Passport bio data page or Driver’s License
National Identification Number Slip
Evidence of Payment for the ‘Annual Eligibility Fee’ (₦26,875.00, inclusive of VAT)
Recommendation Letter from a Capital Market Operator (Attached)
Executed Data Consent Form (Attached)


The annual Eligibility list is N25,000 + VAT of N1,875 = N26,875

Thank you for the prompt and detail response.

freeman67:
The CP is Afex Fair Trade Limited (AFTL)

Yes FMDQ is a separate depository. Please see the details of FMDQ.

RE: ENQUIRY ON FMDQ INDIVIDUAL ACCOUNT OPENING

FMDQ Depository, registered by the Securities and Exchange Commission (SEC), offers a secure depository for financial market assets, and facilitates the settlement of capital market transactions. As part of the FMDQ Group, which prioritises innovation, FMDQ Depository integrates seamlessly with FMDQ Exchange and FMDQ Clear to ensure efficient market operations for all securities held on the FMDQ platform.

Our Central Securities Depository (CSD); Q-ex Depository System, delivers high system performance, advanced operational functionalities, robust risk management, and an enhanced user experience for Capital Market Operators (CMOs), Institutional Investors, and Individual Investors like yourself.

Additionally, FMDQ Depository provides you with access to an Investor Portal; Q-extra, which features:

Customisable and on-demand statement and report generation
Securities portfolio view
Consolidated account view
Secure and 24/7 access
Corporate action records
Asset valuation


To complete the onboarding process, the following are required:

Completed Eligibility Form (attached)
Duly completed Signature Mandate Form(s) (contained in the Eligibility Form)
Means of Identification (International Passport bio data page or Driver’s License
National Identification Number Slip
Evidence of Payment for the ‘Annual Eligibility Fee’ (₦26,875.00, inclusive of VAT)
Recommendation Letter from a Capital Market Operator (Attached)
Executed Data Consent Form (Attached)


The annual Eligibility list is N25,000 + VAT of N1,875 = N26,875

It looks like the naira is gradually regaining its rightful value, as market conditions and economic factors begin to stabilize, allowing it to strengthen against the USD

emdeeCreativeW:
Hmmm,

Hmm. 18% E don dey drop oo

Odunharry:
Last stop rate was 20.3 for 364days. Mpc meeting will give idea of what rate generally will look like.

Funny enough they still maintained the rates, despite drop in inflation and complains that it's hurting businesses

with this indices just released by the CBN,

stop rate may likely go up again to around 20% OR more,
from this 18.4% now

Funny enough they still maintained the rates, despite drop in inflation and complains that it's hurting businesses[/quote]

it is most likely going back to around 20% or more quote author=alezzy13 post=134225664]

Funny enough they still maintained the rates, despite drop in inflation and complains that it's hurting businesses[/quote]

alezzy13:
Funny enough they still maintained the rates, despite drop in inflation and complains that it's hurting businesses

This was expected. They've increased rates at every MPC since Cardoso took over.

Going from increasing rates to maintaining it is the right thing to do

We can expect cuts going forward.

Inflation was rebased that is why it seemed to have dropped well in actual sense it didn't drop by that rate.

For clarification please.
If I have 1.9 million in my account and request for Treasury bill of 2 million. Will it fly. Banks with Gtbank

evans630:
For clarification please.
If I have 1.9 million in my account and request for Treasury bill of 2 million. Will it fly. Banks with Gtbank

Nope. You can however request that they reinvest your interest from the #1.9m capital.

Thanks

uwaifou:
Second best for now after FBN quest

How is FBN quest better than Tresury Bill please? Is the CBN in charge, too?

Hello house, please how long does it take to liquidate a 1 year Treasury after 7 month done at first bank. How soon can I be credited? Funds needed urgently.

Damolux01:
How is FBN quest better than Tresury Bill please? Is the CBN in charge, too?

The question is not clear.

FBN Quest is an investment arm of First Bank, while the Treasury Bill is a debt instrument issued by CBN on behalf of the Federal Govt.

You can buy T Bills in two ways: 1, Through the Primary Market. 2 Secondary Market.

To buy through the primary market, you can bid (Auction system) through your bank or Investment House. Some banks can only take your bid with a minimum investment amount of #50,000,000 as set by the CBN while some investment houses take as low as #100,000 and you can not set the rate. And the auction takes place bi-weekly.

You can buy from the secondary market anytime, any day of the week, for as low as 100,000 or even lower from a bank or asset management company (investment house). The rate is already predetermined, and most of the time, it is the yield rather than a discounted rate that is advertised, as most banks or investment companies don't pay interest upfront.

[quote author=DigitalMallam post=134212160][/quote]Is it true that Dangote Sugar CP is open to only qualified Institutional investors and interested Individuals can only subscribe through an investment company? Has anyone experienced this?

Please when is the upfront interest paid if you invest in the first bank secondary market? I requested that my interest should not be reinvested.

digitalinvestor:
The question is not clear.

FBN Quest is an investment arm of First Bank, while the Treasury Bill is a debt instrument issued by CBN on behalf of the Federal Govt.

You can buy T Bills in two ways: 1, Through the Primary Market. 2 Secondary Market.

To buy through the primary market, you can bid (Auction system) through your bank or Investment House. Some banks can only take your bid with a minimum investment amount of #50,000,000 as set by the CBN while some investment houses take as low as #100,000 and you can not set the rate. And the auction takes place bi-weekly.

You can buy from the secondary market anytime, any day of the week, for as low as 100,000 or even lower from a bank or asset management company (investment house). The rate is already predetermined, and most of the time, it is the yield rather than a discounted rate that is advertised, as most banks or investment companies don't pay interest upfront.

nicestlady:
Please when is the upfront interest paid if you invest in the first bank secondary market? I requested that my interest should not be reinvested.

Paid same day

Hi guys,

Please which bank is more reliable for primary market between FIRST BANK, UBA and STANBIC IBTC.

I heard some banks are notorious for failed bills.

Tnks...

vanvickie:
Hi guys,

Please which bank is more reliable for primary market between FIRST BANK, UBA and STANBIC IBTC.

I heard some banks are notorious for failed bills.

Tnks...

Choose between first bank and Stanbic

uwaifou:
Choose between first bank and Stanbic

Have account with both of them so you can move your money around in case one fails

pls House,
I am considering locking 15million Naira for one Year, while expecting Good returns,

Therefore,
Between 19% First Bank secondary market Treasury Bills

and

22.30% Stanbic IBTC money market fund

which one is better??

If you do the TBills option, you get a fixed percentage of interest after deductions.
If you go with the MMF option..2 things can happen within 1 year; the interest rates may go up or come down and this will largely determine how much you will be left with at the end of the year.
At the end of the day, it's your decision to make.

But then again, You can do the tbills option, collect your interest upfront and then put the interest you got from tbills into the stanbic MMF account make e collect small breeze...bad as e bad

sky404:
pls House,
I am considering locking 15million Naira for one Year, while expecting Good returns,

Therefore,
Between 19% First Bank secondary market Treasury Bills

and

22.30% Stanbic IBTC money market fund

which one is better??

21 Feb 2034 FGN bond coupon payment received on time

Hello house,
I saw a post on line indicating that the CBN has cut Treasury bill rate

How truthful is it?

skydiver01:
21 Feb 2034 FGN bond coupon payment received on time

Which platform is best to buy bond from? I am looking to buy the 2053 bond.

sky404:
pls House,
I am considering locking 15million Naira for one Year, while expecting Good returns,

Therefore,
Between 19% First Bank secondary market Treasury Bills

and

22.30% Stanbic IBTC money market fund

which one is better??

I assume the rate is secondary market. If interest is paid upfront I said Yes to FBN.

However, if the interest is not paid upfront why not consider Fixed deposit on I-invest some Micro finance offer rate as high as 24% and tenor of 331 that is if maximising return is your objective assuming no emergency need for the fund.

Going by the trend it appears days of high rate especially for T Bills is coming to an end and when you look at some of the basket of funds that make up MMF T Bills is one of them and what is the guarantee that MMF would average 22% YTD performance for most part of the year 2025.
One major advantage of MMF is that you can liquidate after 30 days i.e. if emergency come up or better investment opportunity arose!

The decision is yours to make.

oluayebenz:
It looks like the naira is gradually regaining its rightful value, as market conditions and economic factors begin to stabilize, allowing it to strengthen against the USD

Naira wey dem still Dey defend ? Which true value ?

tpain121:
Naira wey dem still Dey defend ? Which true value ?

Na you dey defend am?