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Presiade's Posts

Nairaland Forum › Presiade's Profile › Presiade's Posts

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Investment › Re: Treasury Bills In Nigeria by presiade(m): 8:51am On May 30, 2024
uptimum123:
So, this means what I'm actually getting is %7 for 182 days. If so, is it a fair rate?
Kind of an approximation. That's on par with recent primary market rates.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 3:54am On May 30, 2024
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lasisi:
Insurance stocks in Nigeria - just like the product they offer are sc4m! Imagine insurance companies with audited result showing200% to over 1000% EPS growth yet declaring no dividend. Thank God I don't have any of them in my portfolio.
Basics of book keeping cooking. grin
Investment › Re: Treasury Bills In Nigeria by presiade(m): 10:50pm On May 29, 2024
uptimum123:
Please I'm kinda confused

I purchased TB of 300k for 182 days at access bank today at the rate of %14. My thoughts was I would be debited around 258k but they just debited me 279,800.

I thought since it's at %14, I should be getting 42k
14% p.a. 182 days = half a year. I hope that solves your misery.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 9:10pm On May 29, 2024
smasher1:
Africa Prudential registrar was the best. I filled the form on their website without a single paper, signed my signature with my phone, uploaded my nin id card and BVN and I was credited at the right time.
I am hoping First Registrars does the same. I have shareholdings in some companies they manage with e Dividend activated. I loaded some PRESCO units and filled in the eDividend form online with my signature. I have not heard back from them, but I'm hoping to get paid my bribe tomorrow when they pay.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 5:21pm On May 27, 2024
SonofElElyonRet:
Even if you sell all the units, the registrar would still retain your w dividend data
How sure are you of this statement? I usually retain one unit of a company's shares whenever I want to maintain my dividend mandate with the registrar.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 10:20am On May 27, 2024
Hogwarthtrades:
apparently fine. Just logged in and out not too long.!.
Yes, it's working now. Thanks!
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 9:52am On May 27, 2024
What's up with Morgan Capital's iTrade platform?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 3:43pm On May 24, 2024
Hogwarthtrades:
received sometime yesterday. but notified email this morning.
Thanks, it dropped earlier today.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 8:36pm On May 23, 2024
Has anyone got OKOMUOIL bribe (dividend)? It's unusually delayed.
Education › Re: English Gurus Pls What Is The Answer To This ?? by presiade(m): 4:45pm On May 02, 2024
Asawoboy:
grin grin
It's obviously an ambiguous statement that needs refinement to convey the intended meaning and eliminate excessive word usage. So either:
"A drunk mother beats up her daughter." Or "A mother beats up her drunk daughter."
Investment › Re: Treasury Bills In Nigeria by presiade(m):
lajid:
I get the concept it’s still not making sense tho how they got the calculation, reason I asked
The discount rate is like the rate your account officer gives you when you ask for Tbills. Yield (rate) is the percentage of the amount you invest less the upfront earnings you make from the investment.
Investment › Re: Treasury Bills In Nigeria by presiade(m): 5:24pm On May 01, 2024
lajid:
Chiefs pls I’m simple term, someone should explain discount rate and yield for me. What’s the difference
https://wiki.treasurers.org/wiki/Discount_rate
Education › Re: UTME: 1.4 Million out of 1.8 Million Scored Less Than 200 by presiade(m): 7:26am On Apr 30, 2024
Christian36:
This is what you get when you turned an examination body meant for processing students admission into the university to a revenue generator. Next year, Jamb will generate 20billion naira for fg, they say "education is the right of all children", but that is not true.
This is another common misunderstanding in Nigeria. Primary (and maybe secondary) education is the right of every child, even in advanced economies most of you use for comparative basis. In the US, people pay through their noses for college education; SAT, GRE, etc. are for-profit college entrance examinations (for undergraduate and graduate studies, respectively) that generate billions of USD annually. Quality education is essential for development, but education is not only obtainable in the four walls of tertiary education institutions. The image below is a comparative analysis between company apprenticeships and university degrees in the UK for your enlightenment.

Education › Re: UTME: 1.4 Million out of 1.8 Million Scored Less Than 200 by presiade(m): 1:20am On Apr 30, 2024
Adeniyiademola:
Only 400 thousand out of 1.8 million? Nigeria of this generation is breeding dullards
No, I think the system is beginning to work. There is no more rampant expos/runs as it used to be when people who could not properly spell/write their names scored 300+, denying more qualified candidates who wrote exams solely with their abilities admissions to choice programs of study.
Investment › Re: Treasury Bills In Nigeria by presiade(m): 8:57pm On Apr 27, 2024
tweakstar:
Ha, my brother, which is like Pure water again? grin lipsrsealed
I thought people were clapping hands and urging them that they were doing the right thing at the time?
Pure water cheap! Lol

What does an average Nigerian know? They are shallow and only like cacophonous noise in the name of political agitations.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 6:26pm On Apr 24, 2024
KarlTom:
Una just like to heat up this space,

That's a court-ordered meeting for the translation of the shares of ZENITH to the Holding Company ZENITHHOLDCO.
There's no street running here ... grin grin
grin tongue I know. I only wanted to broach it and see if I'm missing anything. I've not had the time for the NSE in a while ...
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 6:06pm On Apr 24, 2024
Zenith about to run investors street 41"10". Am I missing something?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 3:45pm On Apr 21, 2024
sterlingD:
Why not open with another stock broker?
Ok, thanks. My first trading account was with GTI Capital, but I moved most of my trading activities to MC when they started their online trading platform with a minimal trading fee. I prefer having no more than two brokers to effectively manage my trading activities.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 3:34pm On Apr 21, 2024
agbekoya:
This is no longer allowed. Many years back you could have multiple accounts with same broker but no longer allowed. However since you mentioned Morgan Capital I suspect that you are looking for a broker that has similar trade condition and platform like Morgan Capital. If that be your intention check out Atlas Portfolio's CitiTrader, they use same platform and they have the closest fees to Morgan Capital at present both brokers beat all others down in terms of trading fees. This may have been addressed as I have not not been on the platform so frequently of recent.
Alright, thanks for your input. I’ll look into that.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 5:28pm On Apr 20, 2024
yMcy56:
Thanks sir.

@presiade you see what I was telling you?
It was allowed before but not anymore.....
Maybe the person you spoke with wasn't aware of the new changes yet....
Ok. If I’m able to complete the process as they requested, I will give an update next week. That way, we can all learn the current situation of things.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 3:27pm On Apr 19, 2024
yMcy56:
Not allowed for individuals....
EXCEPT in a case of stock transfer from one inactive house (or active ) to Morgan.
To enlighten anyone needing this information later, I reached out to them, and it seems possible to have multiple trading accounts with them. Mercillious, thanks for your response, though.
Investment › Re: Treasury Bills In Nigeria by presiade(m): 7:11am On Apr 19, 2024
Gabrielclint:
Good morning guys,
I called my account officer in Fidelity bank and he told me that there is a new policy from CBN that one can only invest from 50 million naira in treasury bill. I find that difficult to believe . Please can anyone confirm this information please?
Tell the officer you will move your funds to another bank if they do not allocate some of their successful primary market bid to you. That should do the magic. TBills do not count towards meeting their targets as account officers, so some try to prevent you from investing in them.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 6:30am On Apr 19, 2024
yMcy56:
Not allowed for individuals....
EXCEPT in a case of stock transfer from one inactive house (or active ) to Morgan.
I see. Thanks a bunch!
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 2:23am On Apr 19, 2024
A quick question: Does anyone know if one can have multiple trading accounts with MorganCapital?
Investment › Re: Treasury Bills In Nigeria by presiade(m): 12:23pm On Apr 18, 2024
Streetinvestor2:
Are you saying Emefiele was fixing the black market price than that was around #750.I beg to disagree on that.The price was the aboki price on the street for everyone to buy
Remember that the Emefiele-led CBN gave the Abokis (BDC) weekly or biweekly dollar supplies. That way, they indirectly controlled the black market rate too.
Investment › Re: Treasury Bills In Nigeria by presiade(m): 11:34am On Apr 18, 2024
Streetinvestor2:
I don't know what you mean being emotional
All I said is simple,naira had no business going above #750 after the government floating because that was the fair/stable price and true market value because nothing changed in the economy. And if we look at it now because of less demand it should be less than #750.

Therfore I believe the government is reaping us off on anything above #750 black market price they met it

The government is doing the right thing even if thr approach could be better though I am not a fan of apc/tinubu
I did not follow the discussion that led you here, but I think before floating the naira, the Emefiele-led CBN was fixing the naira/dollar rate to whatever they wanted, and the rate this administration met was not truly representative of the value of the naira back then after Emefiele minted naira like pure water.
Business › Re: CBN Reduces Banks' Loan To Deposit Ratio From 65% To 50% by presiade(m): 5:52pm On Apr 17, 2024
Ezemarcel:
They should reduce import duties
On the contrary, they should either maintain or increase it. That way, they can reduce people’s appetite for imported goods and encourage local manufacturers. In the long run, the benefits will show. It’s not easy, but nothing good comes easy!
Investment › Re: Treasury Bills In Nigeria by presiade(m): 5:34pm On Apr 15, 2024
alezzy13:
20% 👍
Great! That's for the 364-day tenor obviously.
Investment › Re: Treasury Bills In Nigeria by presiade(m): 5:23pm On Apr 15, 2024
alezzy13:
Great news! Just got debited cool cool evidently GT still went through.

Thanks for keeping me positive.
What rate did you get?
Crime › Re: Nigerian Police Clash With Indian Men In Heated Confrontation (video) by presiade(m): 2:42am On Mar 25, 2024
Lock them up in the cell overnight if they prove stubborn. Can any Africans try that in their caste society that puts blacks in the same category as monkeys?
Investment › Re: Treasury Bills In Nigeria by presiade(m): 4:09pm On Mar 17, 2024
Thanks for the update.
eanestca:
At the auction it's 50m except your bank of Fund manager is able to aggregate.
Investment › Re: Treasury Bills In Nigeria by presiade(m): 10:41pm On Mar 15, 2024
jidobaba:
Invested with Gtb secondary mkt @18%, 357days. Just yesterday. Seemed a tad low.
I have been away from this market for quite a while. Has the minimum investable amount by individual investors been lowered so far? The last I was aware was when the minimum was raised to about N100 m or thereabout.

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