Zinny18:
My people how market?

Who knows today's primary auction rates for the 3 tenures?

TotoNaRubber:
By afternoon rates will come.

unite4real:


The Visionscape bond has the following defects

1. It is not a green Bond. Not backed by FGN
2. At 15.75%, it's not the next big thing
3. It was a private placement and not sold to the public so you will hardly find people like us here investing in it
4. Since it was a private bond, there is very little the SEC can do about it since the general public was not involved
5. It was only offered to qualified investors by private placement. The guys in the club nurse their problems
6. because it was private placement, the transaction was therefore not subject to the prior review and approval of the commission and does not fall within it's regulatory review
7. The contract of Visionscape was revoked by the Lagos assembly and given to PSP operators without sympathy from Lagosians. Remember this is one of the reasons Ambode fell out with political gladiators in Lagos State.
8. The bond did not get the backing of the Lagos assembly and was not gazetted into law to transcend leadership changes, so investors will wait for the next government of Lagos to help them out

NOTE

this cannot happen to a federal government bond, savings bonds or the SUKUK or Treasury bills. These have the backing and full faith of the federal government of Nigeria. These also transcend leadership changes at the top.

@manlikeegb I hope this answers your question too.

Just2endowed2:
thank God i locked when rate was at 14%

GonFreecss1:


1. There is only so much debt the country can keep accumulating due to rates as high as 17%.

2. Now, the stock market will have a chance to grow.

3. People might actually be incentivized to start a business, and employ people.

If I had 10 billion naira. What do you think I will do? Buy Tbills at 17% ? Invest in the stock market? Or create businesses?

We all know the answer to that. I know a friend who has talked to some private businesses and their earnings is not doing better than Tbill rates.

confluence:
Am busy at the farm and I have low battery, do not listen to their staff asking you to go for abacus, just go for VGIf, once you lock in fund , is usually for a year, and the rate I show you on their site stand for the one year duration. , the rate is usually peg to the CBN, MPR, but I think it has been changed now to CBN, standard deposit rate or something, just stand your ground and do VGIF, as the rate is better than Abacus

alezzy13:


I agree to the first two points. clearly excessive rates are not sustainable - unless we want to end up with a giant Ponzi scheme.

However, the third point is what should happen in theory, but not sure it applies to us. First, if TB rates decline, how many banks will lower their lending rates? And how many will even lend to upcoming SMEs who are the real drivers of the economy? Then of course you consider the very unfriendly business environment - power, infrastructure,etc

The few that will benefit from lower tbs are the Dangotes, Otedolas and Ubas

manlikegb:


Lucky you.

For someone like me, I couldn't lock in at the time because my last TB investment will just mature tomorrow March 14th.

Now here's the dilemma, as of right now, I can still contact my investment company to roll over(this will lock into today's auction). This would mean that I would be getting something in the region a little below whatever the stop rate of the auction today is, which is expected to drop even lower compared to the last stop rate.

Seniors in the house, what would you suggest.

-Should I roll over and take whatever the interest rate is like that?
-Should I lock in for secondary market after today's auction for a short tenor - say 90days - then hope that interest rates would have picked up by the time the 90day investment matures, and I can then go long.

I'm just confused, and I don't want to lose much because I have already been calculating the interest I would get with rates of as at 2 auctions back until the election outcome hit it on the head. The difference in the interest I could have gotten if the rates remained in the region of 14% - 14.5% and now 13%(speculation) is hurting so much.

Over to the seniors and everyone, please advice. Thanks.

@feelamong, @unite4real, @dipoolowoo, @Just2endowed2, @Agbaletu, @ahiboilandgas.

dexla:
Can someone please update us on today's rate

dexla:
Can someone please update us on today's rate

feelamong:


Rates not looking good!

91 days - 10.75%

182 days - 12.50%

364 days - 12.845%

freshpreshy:
Hi...please i'm new to this TB. However, went to my bank (fidelity bank) to enquire and was told that i need a startup of at least 1m to buy TB. Currently, i have only 500k to spare. Is there a way out or any bank that accepts lower. Thanks in advance

skydiver01:


Today's primary market stop rates

Tenor Stop Rates
91 10.75
182 12.5
364 12.85


Quite Shocking!!!

Just2endowed2:


hmmm rate are quite low now ohhh...whats the reason?

skydiver01:


I will put it down to a lot of demand for the longer dated Bills (364 days)....

skydiver01:


Today's primary market stop rates

Tenor Stop Rates
91 10.75
182 12.5
364 12.85


Quite Shocking!!!

feelamong:


Rates not looking good!

91 days - 10.75%

182 days - 12.50%

364 days - 12.845%

yemioke:
Thank you all for this wonderful thread.

Please i need your advise. I want to invest 10 million in Nigeria TB, but i dont live in Nigeria. Alhtough i am a NIgerian and i have active bank accounts in Nigeria. Please is this possible because i dont live currently in Nigeria. your response is highly appreciated and advise.

Thanks

Kind regards