₦airaland Forum

Kindly find below the NTB auction results for 25 Jan 2023

Kindly find below.

bjtinz:
Abeg any idea what the rates of this week's auction was?

CC skydiver01

Kindly find below todays NTB auction results.. Interesting.. stop rates have fallen two or three consecutive times which have boded well for bond prices

Wishing everyone a Merry Christmas and a Happy New Year in advance.

One theory might be that because of the Naira redesign (or repainting according Meffy) deadline looming, more cash deposits have been made and banks are trying to get a peace of the low amounts on offer... You only need to look at the gross subscriptions (N400b chasing N4b 364d NTB). Long story short - it is supply and demand at this time. Low NTB amounts are on offer compared to the amounts wanting to subscribe. Hence the material fall in rates.

efismikoko:
Why

Should be interesting...

I imagine it will occur on 7 December 2022.

yinkaoke:
Hello house please when is the next treasury bills primary auction?

Thank you

Just wondered if anyone here feels it is a fantastic buying opportunity.

SMJay:
What about it?

The bolded below took me down memory lane

NL1960:
I saw the post. I just decided to ignore as i no get time for round and round arguments. TBs wen person don dey do even before the N50m rule and also when rates went as high as 17% and then crashed to 2%.

Excellent decision to not waste time on back and forths . Experienced investors have the liberty of ignoring incorrect information being posted but there is also the risk of misleading newbies.

NL1960:
I saw the post. I just decided to ignore as i no get time for round and round arguments. TBs wen person don dey do even before the N50m rule and also when rates went as high as 17% and then crashed to 2%.

Just out of interest, is anyone here following developments in the crypto space/markets..... (implosion )

Actually you are wrong and they are both right (NL1960 & RayRay06677)

jabolo:
eg, These are patently wrong.

Good day.

Kindly find below November 2022 FGN bond auction results.

skydiver01:
Kindly find below the FGN bond auction for November 2022.

This is false for individuals!!! There is no WHT deduction for individuals

Biakwa:
I wonder my brother even on the 13.99% they will charge you WHT on the interest now as FGN has instructed banks to start taking WHT effective January this year..14.5% was last bid rate so he should reconfirm. Am sure most bid will fail as they will be projecting 14-15%..

Kindly find below the FGN bond auction for November 2022.

Kindly find below yesterdays NTB auction results.

AngelicBeing:
Hian, if your prophecy fails or fails to come to fruition next year, l will ban your account from Nairaland.com for 20 years

I agree. But, lets remain positive whilst diversifying.

jedisco:
I hope it does. But hope alone does not run an economy.
My life wouldn't be paused for looters in government to do the right thing. The last 8 years for Nigeria has been that of severe inflation and no growth. If the next 8 years turns out similar, then that'd be about 2 decades wasted.

Stability will be achieved. Currency appreciation will occur. It is my view that the Naira will appreciate e.g. when the government implements the necessary and steep cuts to its running expenses. Thus reducing borrowing for expenses (civil servant wages) rather than for infrastructure development. Another example is the elimination of fuel (PMS) subsidy. This will happen too.

jedisco:
I doubt... except with redomination.
We're asking of stability now...before we start talking of appreciation.

You are quite a clown and truly make me laugh LMAO. I was merely suggesting that there is no need to go and open an offshore account if you need to be converting frequently back to Naira for local expenses because it is not worth the effort involved. Secondly a bank telling you there is no dollars available at the moment does not mean there will be none later (USD spiked to 540 in 2015/6 and CBN flooded the market with USD and it crashed back down to N360 and stayed there for a number of years). Thirdly, I am perfectly aware that Dom accounts in Nigeria are widely known about. Finally, my bank has not had any issues providing me with FX in the 30 years I have banked with them.

Labadi69:
Hahaha..wait until there is serious scarcity of dollars and see if you will still see your dollar savings waiting for you there in the dom account..and we are getting there.

Exchange control is actually the first policy the Central Bank enforces in a country that’s in a serious fx crisis. Only a fool converts all his money from Naira to usd and then keeps it all in a dom account.

Even now sef, many times man pikin go enter bank to withdraw dollars and the cashier go say dollar don finish. Come back next week. Or you will see them rationing dollars. Imagine wanting to withdraw money for your child’s school fees and hearing say your life savings dey lockdown?

Didn’t you read where I said ‘to and from your dom account in Naija’. For your mind, you go just think say all these ppl daft sha. Dem never hear about dom account? Hahaha

Diversification e.g. convert anything above your local expenses to FX. Some might suggest real estate. However FX is liquid but real estate is not. Thus it depends on one's convertibility needs in future.

QuinModah:
What's the solution?

Open a Domiciliary account in Nigeria. Its quite simple and safe.

Labadi69:
If you can open an account offshore, that’s the best traditional (old school) way. This is not easy for most people sha. Because of strict account opening regulations, especially for Nigerians. But nothing is impossible.

Bear in mind that you may pay fees/charges to maintain offshore current accounts and also when sending money to and fro your dom account in Naija. And this may end up eating into whatever gains you make.

Also, the interest rates for the USD in those accounts are poor when compared to what we get in Naija. Infact na just recently, the rates started increasing as the fed raised interest rates to curb inflation. You will be lucky if you get more than 0.5% for savings accounts and 2% for fixed deposits.

Lastly, many offshore accounts will ask for minimum of 100k USD and take forever to complete KYC for Nigerians (because of the country’s bad reputation).

All the best…

AngelicBeing:
Gbamsulotely, end of thread, the law of retributive justice always holding koboko to flog anyone, government or institutions that violates it, you can't plant maize and expect to reap cassava and you can't keep churning out Oluwole and burukutu economic policies and expect to Reap heavenly results

Correct... the concept of diversification....

zamirikpo:
Just spread the risk.......buy some dollars, buy some treasury bills.......buy stocks if u like or invest more or expand ur business .

Nothing is certain in Nigeria.......anything can happen. I just bought fuel N230/litre

Your assumption is correct!

IYGEAL:
There is always the 90-day tenor for TBs. I suppose if you bought the one for 360 day tenor and terminate at 90day, your TB will instead be calculated for 90-day. As you have already been paid the discount, your initial capital would have to be affected to reflect the discount for 90-day as against your initial 360-day TB.

I haven't been in this situation before, so my input is also an assumption.

Correct.

Itsrm:
Look at the total subscription. Its lower than the amount offered across all tenors

Interesting NTB auction results today. Very little demand even with increased rates.....

Its a little bizarre that there is currently little demand for TBills (amount offered/amount allotted) given current stop rates...

efismikoko:
Today

Its a balanced and and good deal. I think you will find many have bought their bonds already hence no or little comments on current bond yields.

Justcul:
Why is no one talking about the current FGN bond at 12.38 percent? Not a good deal?

28 September, 2022.

ezinwaJesu:
Abeg better people wey dey house, when is the next treasury bills auction.

Kindly find below todays NTB auction results.

I have never heard of it.

VeeVeeMyLuv:
BOSS how about kuda money? How thrustworthy is it?