₦airaland Forum

Be gentle but quite funny Happy New Year in advance to us all.

Tranquility2345:
Did you pass maths when you did WAEC

It means you will pay the offer price (N97.03) per unit purchased plus about 6 weeks coupon interest from 26 Oct 2023. Simplz

Akerewe:
STANBIC BANK

Pls if the yield of this 2049 is 15.26% what is the effect of settlement at dirty price on the face value invested

👍💯 Life can be as simple or complicated as one chooses to make it. Even today, with all the devaluation and inflation that has occurred in Nigeria over the years, I still struggle to finish spending my annual coupons & dividends. Nevertheless, it is sensible to have some diversification in FX.

RayRay06677:
I am "stupid", no change in plan after reading this, it's unwise to criticise a "stupid" person without providing a sensible alternative making you look stupid.

If I get 500m at 60years, I have about 30 or 40 years to live, kids are done, house in my village is certain, all I am after is my satisfactory retirement life with my fellow villagers.

I need to be changing cars at least every 5yrs, my only worry is feeding and charity which is a function of what remains after taking care of my needs.

Look at me and say that 5m a month wouldn't feed me in next 30years.

Remember, the older you get, the less you eat.

Now to the unwise one, what else can be that stable in this your Nigerian economy of trials every 4 years?

Aside crime, nothing thrives, ask dangote why he is so fraudulent(unfair pricing at monopoly) despite govt patronage.

I need peace of mind at all times and it's personal meaning only my ways can achieve my peace of mind, outcome inconsequential as long as I can eat twice a day, roof over my bald head and any means of transport to move around my village in search of fresh paint.

😂😂😂

oluayebenz:
Please don't start....

I'm not feeling fine 🚶🚶🚶

Correct. Just like the below (FGN Bond 2036)

emmanuelewumi:
An investor who invested N20 million to buy 1 million units of Dangote Sugar shares in January 2023 would have earned a dividend of N1.5 million in May 2023.


After the announcement of the merger of Dangote Sugar, NASCON and Dangote Rice to form Dangote Foods, the share price of Dangote Sugar rose to N55.


If he sold all his shares in August and bought 9100 units of FGN 2050 bond, he would be earning about N8 million from the Investment in 2024 till 2050.

That is how income investors move their Investments from one asset class to another.


I am very sure that Dangote Foods will get to over N160 per share before the end of 2024. BUA foods is already over N200 per share

What is wrong with Seplat and Access Bank Eurobonds? Even if you have reservations over FGN Eurobonds.

Wotowotoman:
Eurobonds?

Below is one example.

Wotowotoman:
What fx denominated securities can the average Nigerian living in Nigeria invest in? Very few options available….

One way is to collect you Naira dividends or bond coupons and buy fx ($, £, €, etc). Which can be invested in fx denominated securities or just save it after conversion in your domiciliary account.

milliondollarma:
How do one save or invest in dollars?.

The last TBill auction was two days ago (13 Sept 2023). The next one is expected in two weeks (27 Sept 2023) as shown in the 4th quarter schedule below.

cutedharmee:
Good day everyone. Pls when is the next treasury bill Investment Sir's/Ma's

I did not bid.

teejay5:
Pls av u been debited?

You will be debited tomorrow or Friday

teejay5:
Pls av u been debited?

NTB auction results today. 364 days rate went up.

I imagine tomorrow 23 August 2023

teejay5:
Good morning house,pls wen is d next treasury bill investment.

Kindly find below the NTB auction results for 8 August 2023. Rates going down again wow, look at the 364 days... 8 to 1 demand ratio.

Kindly find below todays NTB auction results. Rates going up again

Received. Happy Days

skydiver01:
The 2026 FGN bond is due today. So I expect it to drop on Tuesday

IYGEAL

Please I would like to know, if one buys FGN Bonds from SC, will such investment be shown or CSCS?

Most probably not

Also, is it possible to automatically reinvest the coupons, or they get paid into one's bank account?

I imagine not because bond prices change over time. Besides, you can reinvest the coupons yourself when received. Thus, the coupons simply gets paid into your account

Finally, is the bank (SC) also the medium through which one sells at the 'secondary' market in case of need for liquidity?

Yes

Thanks in advance.

The 2026 FGN bond is due today. So I expect it to drop on Tuesday

I am sure it will arrive. If not today then Monday... Some custodians take longer to process the payments.

Nakedman:
Yet to get mine. Stanbic bank

Yes I did two days ago on the 19th as expected (see below).

Nakedman:
Did you get payment yet,?

The 2034 FGN bond is due today. So I expect it to drop tomorrow or the day after

Quite right!!

freeman67:
Standard Chartered Bank Mobile App.

all I know is there was ~N653b subscribing for the one year bills two days ago... But your point is taken.

feelamong:
Outside the banks and one of my old stubborn rich uncle..who still buys Tbills at this rate

Kindly find below NTB auction results for 12 July, 2023

Kindly find below the NTB Auction results for 30 June, 2023.

Yes there was.

feelamong:
I thot there was an Auction yesterday 14th of June 2023?

7th June, 2023

cutedharmee:
Happy Sunday Sir's/Ma's
Pls when is the next TB auction

Which investments are you particularly referring to? TBills?

Foodempire:
With the current price of fuel, rates should go up to at least 17%. How can we cushion the effect of subsidy removal with the meagre interest we receive on investments? I bought 5k worth of fuel today and kept checking my dashboard to see the gauge, eventually I switched off the AC, I say to my self I need to work harder so as to earn more, it's well.

In the short-term, economic hardship/difficulties/challenges will be experienced by many. However, in the long-term, things could very well improve if the BAT blueprint below is anything to go by (IF they get implemented). Else, consider the other advisory steps below as alternatives for coping with the fuel price hike

Edicoco:
Experts in the house, I need an explanation to how this fuel price hike will affect the economy. Obviously there will be inflation, but what is the implication on the economy.

Kindly find below NTB auction results for 24 May 2023.

Look at it or think about it in this way. The yield to maturity is the equivalent coupon rate of a bond at the bond's current price (purchase or sale). Remembering that the coupon rate was set when the bond was originally issued @N100 per unit. Primary markets allow for new bond issuances as well as bond re-openings. Nevertheless, the higher the bond price the lower the yield to maturity and vice versa.

IYGEAL:
Yea, that's what I was seeing online too.
I no come too understand am

Ignore the 2024. It is not being offered by your bank or broker because there is no FGN bond that sells for N1. The others (2025 & 2026) are available for purchase from your bank or broker.

IYGEAL:
Good evening fellow investors,

Please I would like to be taught, like a high school student, what these figures, percentages and names mean in practical terms.

Maybe I have been misinterpreting them. I have read the literal meanings online but I want practical examples as regards our local market. For instance, there is a huge disparity in figures between the 2024 and 2025 bonds here in terms of ASK PRICE and YIELD TO MATURITY.