₦airaland Forum

feelamong:
So they were already selling to you their secondary markets rates all this while?

unite4real:
Good News! Good News! Good News! Good News! Good News! Good News!

The DG of DMO just anounced on AIT that in a few months from now, they will launch an APP that we can all download and transact FGN Savings Bond without the stress of going through any institution.

Happier days ahead.

zamirikpo:
lets not jump into conclusion so fast, from what i understand about NTB...individuals ordinarily cannot apply directly unless they have a minimum of 150m......thats y we go through the banks or financial houses , and what the banks do is to compile a list of applicants.....then apply to the CBN......on our behalf, minimum investments varied with the different banks. So now if this new policy is stating 50m minimum.....how does that affect us when ordinarily we dont apply individually or r u guys saying that the banks would require u to have 50m before u can put in an application at the bank level.

fidelity securities and other finance houses could as well collect peoples money and invest in d NTB primary market.......without any wahala just like they have always done . or r we saying that the finance houses would no longer offer such services unless we apply with 50m.

as individuals we dont subscribe directly to CBN.....and from what i read above ,minimum subscription to the CBN on NTB is 50m.

i would like answers and clarifications on my observations.

feelamong:
Wow....

Am back after my ban...

Since its obvious that we all cannot take part in the Primary markets anymore...

I want to suggest that we share info on what each of our Investment bankers are offering in the secondary markets...

At least that way we can identify the banks/Investment houses with the best rates and deal with them..

Shalom!!

unite4real:
This is my simple idea.

You get true yield when you hold your investment to maturity.

Suppose you invested 100,000 Naira for 364days at 18.28%. The interest is 18,280 Naira. Now remember that the debit from your account will be 100,000-18,280 which is 81,720.

So to calculate your true yield
(18,280/81,720)*100%.

Ans : 22.37%

feelamong:
Wow....

Am back after my ban...

Since its obvious that we all cannot take part in the Primary markets anymore...

I want to suggest that we share info on what each of our Investment bankers are offering in the secondary markets...

At least that way we can identify the banks/Investment houses with the best rates and deal with them..

Shalom!!

ukay2:
Please WHY were you banned?

Any explanation. ......

emmanuelewumi:
I guess it was due to bitcoin.

ukay2:
Am not comfortable with that oga feelamong [b]bitcoins investment for now until it's accepted by the SEC/NSE....

ukay2:
Please WHY were you banned?

Any explanation. ......

ukay2:
Am not comfortable with that oga feelamong [b]bitcoins investment for now until it's accepted by the SEC/NSE....

feelamong:
Yea...the whole world is waiting for March 11th when we will see whether the US S E C will finally approve Bitcoin ETF there.

Until then we will just be making small small money on bitcoins trading and mining..

Pls oga feelamong. ...could you please post NTB programme calender for 1st quarter 2017.....I need it.

Thanks

feelamong:
Yea...the whole world is waiting for March 11th when we will see whether the US S E C will finally approve Bitcoin ETF there.

Until then we will just be making small small money on bitcoins trading and mining





Pls oga feelamong. ...could you please post NTB programme calender for 1st quarter 2017.....I need it.

Thanks

freeman67:
Please house oblige us with second quarter calendar please....

I have not succeeded in any secondary market request I made to Stanbic this year.. So I am thinking of opening an account with an investment house...

Apart from Fidelity Security courtesy of Oga feelamong., any other suggestion is also welcomed please.. for comparison ...

feelamong:
I was posting so fast on the Bitcoin thread that the system Admin mistook me for a robot...

ernie4life:
Here you go

sanerugwei:
Will be worth it to have a look at it bitcoin thread that earned you a ban, oga.

Toun2nl:
I looked at the FGN savings bond. It seems the yield wont be better than TBs. Please does any one have an opinion on which is better. Thanks.

Speedyconnect7:
please whats the essence or importance of true yield if all you will get is 18280. Does the true yield change anything?

feelamong

2n2k:
The true yield is your true returns on your investment not the discount/stop rate.

In the example you quoted, the 18.28% is on the face value of N100,000 but you didn't invest N100,000 but just N81,720 because that is what is debited to your account. The interest of N18,280 is actually received on an investment of N81,720 which gives a return of around 22.3%

Unlike fixed deposits that you receive your interest at the end of the tenor in which case, the actual and true yield are the same.

Another way to derive the true yield on treasury bills is that since you receive the interest upfront, that interest is immediately available for another investment e.g in the example above, if you reinvest the Upfront interest of N18,280 on the same tenor at 18.28%, you will earn additional N3,341. So your total interest will be 18,280+3341=N21,621. If you also reinvest the upfront interest of N3,341 @ 18.28%, you get additional N610 bringing your total interest to N22,221 all on investments totalling N100,000 running concurrently. That is 22.22% true yield.

ernie4life:
Here you go

Toun2nl:
I looked at the FGN savings bond. It seems the yield wont be better than TBs. Please does any one have an opinion on which is better. Thanks.

DOLLARTEX:
Someone told me that the yield on savings bond is 30% of mpr ie 30% of 14 which is 4.2%.