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Skydiver01's Posts

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Investment › Re: Treasury Bills In Nigeria by skydiver01: 4:36am On Feb 12, 2021
Blinkers are off many thanks. I prefer to simply watch how this party unfolds over the coming years. grin
afroxyz:
You need to take the blinkers off. SEC (US not Nigeria) has already hinted on a bitcoin ETF to be launched this year. US govt is even requiring people to decalre their crypro assets in their IRS forms. Meaning they want to tax capital gains from crypto trading. You think US is Nigeria that ban things without thinking it through.

abeg na TB thread be this, we can continue the xinversation on the appropriate thread
Investment › Re: Treasury Bills In Nigeria by skydiver01: 4:33am On Feb 12, 2021
Very promising. Yields expected to continue to rise.
emmanuelewumi:
Gradually getting better
Investment › Re: Treasury Bills In Nigeria by skydiver01: 5:59pm On Feb 11, 2021
Do not confuse a financial institution choosing the safe option of earning fees by being a custodian of crypto currencies while the party is on with meaning they will not be banned in future by all central banks. When they become banned, the likes of BNY Mellon, Paypal & Mastercard will loose nothing. Holders of crypto currencies will be the losers (big time). Be warned.

Sailor1:
First Square, then PayPal now MasterCard on board. Visa (a one-time antagonist) rushing in too... The direction of travel is clear.

https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network/

MasterCard already testing digitol currencies with central banks.

https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2021/02/03/visa-reveals-bitcoin-and-crypto-banking-roadmap-amid-race-to-reach-network-of-70-million/amp/

Binance already launched a naira, free person-2-person deposit system. CBN has no idea what it's fighting... They should go ask China....


When I said I have significantly more confidence in value and longevity of bitc0in over the Naira, I wasn't bluffing!
Investment › Re: Treasury Bills In Nigeria by skydiver01: 12:30pm On Feb 10, 2021
My view is they will all be banned in time which in itself is a form of regulation.

Leezah:
Regulations not BAN
Investment › Re: Treasury Bills In Nigeria by skydiver01: 10:57pm On Feb 08, 2021
I will stick my neck out and predict that all cryptocurrencies will be banned by all central banks globally within 5 years. They are all currently preoccupied with financing/managing the economic repercussions/fallout on their respective economies from the current global health crises. The ECB has already fired the first warning shot here https://www.coindesk.com/ecbs-christine-lagarde-says-speculative-bitcoin-needs-regulation

Not long to wait to find out - 5 years in global economic finance is quite short.

Leezah:
They maybe confused but with time they will come around.

Banks hate Crypto
Employer hate Remote jobs
Hotelier hate Airbnb

With time they will come around
Investment › Re: Treasury Bills In Nigeria by skydiver01: 10:11pm On Jan 26, 2021
Thank you.
ukay2:
Quite good

Well done
Investment › Re: Treasury Bills In Nigeria by skydiver01: 10:09pm On Jan 26, 2021
Noted. Many thanks. I simply share to inform everyone of other options when TBills rates are very low. Nevertheless, I do appreciate your concern.

Lazyyouth4u:
Please be very careful. Not everyone here has good intentions. Lots of criminals, yahoo boys and kidnappers masquerading as hustlers are snooping these threads for information and victims. They will now be busy calculating how much you have invested and how they can get their hands on some of your cash. Owu dey blow o and these guys are not smiling at all.
Investment › Re: Treasury Bills In Nigeria by skydiver01:
FGN Bond Maturing 22 January 2026 coupon payment due Friday 22 January arrived today. Next one is due in six months (July). No stress. Slow and steady wins the race. Happy Days. grin cool
Investment › Re: Treasury Bills In Nigeria by skydiver01: 5:34am On Jan 25, 2021
Kindly note that the 16.288% 2027 bond was sold this time at a lower yield of 7.98% than when it was originally sold at nominal. For example N10m at nominal would have given you 100,000 units and N1.628m in annual interest. But this time, the same N10m sold at the lower yield will give you 72,202 units. So you will get the 16.28% coupon payment on N7.2m and not on N10m amounting to N1,15m in annual interest and not N1.628m. Nevertheless, in the current interest rate environment it is not too bad. But, I do expect yields to continue to rise in the coming years.

condomuser:
It seems this thread has gone to the dogs, how on earth I missed FGN Bonds 2027 at 16 percent coupon cry

Did anyone know about this auction, the actual rate and possibly next auction date?
Investment › Re: Treasury Bills In Nigeria by skydiver01:
FGN Bond Maturing 18 July 2034 coupon payment due yesterday arrived today. Next on is due in six months (July). No stress. Slow and steady wins the race. Happy Days. grin cool
Investment › Re: Treasury Bills In Nigeria by skydiver01: 4:26pm On Dec 17, 2020
Yes it is possible to get secondary market Tbills via your bank. But don't confuse the sukuk rental/TBill coupons with the current yields in the secondary market. They are not the same. You will be paying a premium for them at the moment unless interest rates shoot up. If they do, this is when you can pick them up on the secondary market at a discount. That said, decision of when to purchase from the secondary market is yours and only yours.

Akerewe:
I got my alert too yesterday. Pls is it still possible to get a secondary market Treasury bills with good rate from banks?
Investment › Re: Treasury Bills In Nigeria by skydiver01: 10:24am On Dec 14, 2020
My sentiments exactly re: rates timeline. Thus, wishing everyone fruitful months and years ahead and most certainly a Merry Xmas and Happy New Year in advance.
emmanuelewumi:
Thank you.

It will take up to 18 months before Treasury Bill rates get to 10% and above
Investment › Re: Treasury Bills In Nigeria by skydiver01: 8:43am On Dec 14, 2020
Re the bolded below. The sudden spike could be because lots of cash that were chasing TBills/Bonds have gone into other asset classes (real estate, fx, equities, cryptos etc etc) following the collapse in TBill/bond yields and subsequent Naira devaluation. I suspect the spike may also be the beginning TBill/bond rates going up again in the coming months and years as government borrowing begins to spike materially. One would imagine that yields would have to be attractive enough to perhaps enable a rotation back to TBills from other asset classes... Anyway time would tell.

emmanuelewumi:
Maybe whenever you are ready to come up with an investment topic, just enjoy the current flow of discussion.

Who told you people were chased out, just have the eye of an investor who can always identify opportunities in the discussion's going on here rather than lamenting and complaining.

Have you bought the current bond by Edo State? What are your expectations concerning the offer? What are the factors responsible for the increase in the rate for the last 364 days Treasury Bills.

Let the discussion continue
Investment › Re: Treasury Bills In Nigeria by skydiver01: 6:31pm On Dec 13, 2020
Bolded below is very true. Which is a shame.

Lazyyouth4u:
I agree. 100%.

If you see big man wey dey try japa by fire by force, they are running away from something. We also get some wealthy young people wey dey play for the other team and are trying to escape to country where they can play ball well without the risk of spending 10 years for jail grin

What many people hustling abroad don’t say is that they are homesick and tired and long to return home and settle down. Na fear of the unknown and uncertainty around jobs and finances dey keep them abroad.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 6:43am On Oct 15, 2020
Logobenz or whatever you call yourself. You are certainly ''deranged''. If you do not know what that word means, I suggest you look it up. Following which you should go back under the stone/rock your crawled out from or into the cell/prison you were wrongfully allowed out of..

My suggestion to you going forward is this... If you have nothing constructive to say, SHUT THE F**K UP. Silly Nitwit.

Iogobenz:
This is simple capitalism ,e get person weh dey hold you not to have your own UK passport or UK doctors?
If you can afford it ,go for it,no one is stopping you.
I see no case here.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 10:27pm On Sep 28, 2020
Totally agree.

DexterousOne:
What you have said right here is in tangent with what I have been trying to say.

Without a collective consensus and agreement and common interest in development
Every individual effort is futile and useless


At best; you will be able to make millions for yourself
But the country will still remain shitty

That's the point sir.
Let's answer the question honestly
Do most Nigerians have that consensus and interest in "developing" the country

Without that synergy
Between classes of Nigerians
Both at home and overseas
The country will remain failed
Investment › Re: Treasury Bills In Nigeria by skydiver01: 9:22pm On Sep 28, 2020
Ok noted.

Nigsrdumb:
You missed the point completely sir.

How is it possible that i wouldn't know what development is, I'm just saying if everyone sits on their bums and complain all day long, some others will still carve out profitable niches, which will also benefit development.

You don't just wake up to a developed country, it happens bit by bit with collective effort.

Yes collective consciousness is key, but i don't see it with the rhetoric here.

The consciousness isn't there and that's the problem.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 8:57pm On Sep 28, 2020
I think your definition of development is misplaced. Personal enrichment from building and or selling houses will not change/develop Nigeria! Conversely, it is better leadership and the middle class and or masses that will change Nigeria (collective will and mentality change required). Building and selling houses is not the same as building and equipping schools and hospitals for the provision of free education and health care for all Nigerians. Not to mention other infrastructures like good roads and electricity. As far as I am concerned Nigeria has been a failed state for many years now. That does not mean there are no business opportunities in Nigeria. But there is CERTAINLY NO QUALITY OF LIFE IN A FAILED STATE LIKE NIGERIA without going to through the unnecessary headache of providing all that should already be available to have the quality of life that should be enjoyed by all.

For the record no amount of money can act an enabler to my having a false sense of quality of life in Nigeria which is non-existent. Please don't confuse quality of life with large houses, new cars, yachts, private jets etc etc when every where you look from these items is a eye sore, security challenges, bad roads, dirty lagoons etc etc not to mention being surrounded daily by many people who just want rip you off (VIO, Customs etc etc)

My best guess is that if Nigeria has failed to use the last 50 years to move forward, I have no confidence I will see a developed Nigeria in my lifetime. I am 50 years old btw.

Nigsrdumb:
If you feel abroad is the best place for you, I don't remember discouraging you.


Nigeria is not good, Nigeria is bad, just spoke to a developer who has sold 10 houses in the last few months, currently building more .

It's those people that will change Nigeria, not your average middle class.

You're thinking comforts, others are thinking development.

Totally different mindset.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 4:10pm On Jul 17, 2019
Very Shocking..... Terrible.


feelamong:
MASSIVE DROP IN TREASURY BILLS DISCOUNT RATES

TREASURY BILLS AUCTION 17TH JULY 2019

91 DAYS -----9.74%

182 DAYS------10.75%

364 DAYS-------11.13%
Investment › Re: Treasury Bills In Nigeria by skydiver01: 12:01pm On Jul 17, 2019
civilserva:
Please I need TB auction Time table

Investment › Re: Treasury Bills In Nigeria by skydiver01: 6:28pm On Mar 20, 2019
There is no primary auction on 27 March. Next one is 3 April.

Phyde:
Ok, thanks
Investment › Re: Treasury Bills In Nigeria by skydiver01: 12:35am On Mar 15, 2019
konklushun:
Please who can someone share the Q2 calendar for the primary market
Here you go...

Investment › Re: Treasury Bills In Nigeria by skydiver01: 5:38pm On Mar 13, 2019
Just2endowed2:
hmmm rate are quite low now ohhh...whats the reason?
I will put it down to a lot of demand for the longer dated Bills (364 days)....
Investment › Re: Treasury Bills In Nigeria by skydiver01: 5:02pm On Mar 13, 2019
dexla:
Can someone please update us on today's rate
Today's primary market stop rates

Tenor Stop Rates
91 10.75
182 12.5
364 12.85


Quite Shocking!!!
Investment › Re: Treasury Bills In Nigeria by skydiver01: 5:12am On Mar 16, 2018
Agree with you, Tony and Feelamong, but I don't see 364 day rates falling to 10% this year without inflation being single digits and the naira further appreciating against the green back. Maybe next year... That said, it has happened before (discount rates lower than headline inflation)... financial markets are not always rational.

katamo:
I agree with feelamong and TONY56 and will add some additional thoughts.

The Nigerian government issued a large amount of TB over the last couple of years to support increased government spending which was mechanism to stimulate the economy and bring us out of recession. Since oil prices were low, government had to issue a mix of TB bills (which were very costly at about 17-18% interest) and Eurobonds (much cheaper at about 7%). Now that the price of oil has started to recover (which translates into more money for the government) and the economy is technically out of recession, government will look to phase out high-cost TB borrowings by reducing the amount issued/rolled over.

If these economic indicators continue to be positive, we can expect to see TB rates continue to go down. Investors are trying to lock in higher rates now for a longer term (364 days) as TB rates are expected to continue to decrease in the near term. I personally see rates falling below 10% (for 364 days bills) sometime this year, all things being equal.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 4:24pm On Feb 08, 2018
I think Tbills can only be purchased in the name of the account that purchased them... also principal and interests are paid to the account that purchased them... meaning that the proceeds would have to come from your brother account or an account operated by you in your brothers name.... e,g, you possess a power of attorney issued to you by your brother to operate his account on his behalf...

That said, I may be wrong...

Dieumerci:
Good day all.

Please I would like to know whether I can purchase Tbills with a brother's name using my bank account in Nigeria.

How long does it take to get the treasury bills certificate or a proof of investment.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 9:29pm On Jan 27, 2018
I have signed one many times... It indemnifies the bank from the Federal Governments TBill obligation to you...

EverIncreasing:
I feel so bad cry cry cry
Na wao oo,nobody wan answer me embarassed
Please,help me
Investment › Re: Treasury Bills In Nigeria by skydiver01:
It is not false... I mentioned yesterday morning that there will be no primary auctions in December.... Some doubted it... cool

dandollar1:
Sorry, I didn't generate that message by myself. The likelihood that it is true is very high.

Some people here act like they make the policies or determine how the market goes. Anything can happen at any time.This is Nigeria tongue .

Again,FYI, no treasury bills sales from the primary market this year again, till Jan 3rd 2018. Let's see if this one is false too.
Investment › Re: Treasury Bills In Nigeria by skydiver01:
There will be no Primary Auction this December.. Maturing TBills in December 2017 will be redeemed in full.
---
DMO Redeems N198bn Treasury Bills in December

http://www.thisdaylive.com/index.php/2017/12/12/dmo-redeems-n198bn-treasury-bills-in-december/


dipoolowoo:
The last t-bills auction via the primary market was conducted on Nov 29, 2017. We still await the CBN to conduct sale of t-bills via OMO. I hope this information helps.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 9:25am On Nov 03, 2017
These are my questions.

1. What could have caused the decline in the rates of NTB? - Demand for NTBs.
2. Can it (the rates) go up again in the nearest future and how soon? - Anything is possible but unlikely in the near term.


Magnifico2000:
The rates are really going down or is it me that have't been following the recent trends on treasury bills?

I did 2 separate bills around july for 83 and 76days tenor respectively. The rates were around 15%. Although there was a time i saw that particular tenor around 16% but i felt the rates were still going to increase but I guess i was wrong. Thank God i eventually made up my mind to go with the 15% rate.

These are my questions.

1. What could have caused the decline in the rates of NTB?
2. Can it (the rates) go up again in the nearest future and how soon?

Thanks.
Investment › Re: Treasury Bills In Nigeria by skydiver01: 3:50pm On Oct 31, 2017
Quite Right... you can top up your TB balance by simply buying more TBs... not by amending an existing one. It is NOT usual to liquidate TBs in order to increase TB balances. Hope that helps...

dotcomnamename:
My post is a counter to a claim that TB investor can top up TB at any time! Thank you!
Investment › Re: Treasury Bills In Nigeria by skydiver01: 9:36am On Oct 05, 2017
Agree rates of 18% are over for now... Don't agree sub 10% is possible before December 2017... Inflation would need to be back to single digits... not likely this year. I think long dated TB discount rates will be at worst inflation rate minus 2%. And that even would be an anomaly in the TB market.

emmanuelewumi:
The party is almost over, sub 10% is very possible by December 2017.

Guys should strive for multiple streams of income and learn to keep their options open and flexible.

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