₦airaland Forum

Please what is the name in Isan which translates into “having a female child is better than not having a child”. Thanks

Even if you dance in the water, your enemies will accuse you of causing dust."

Would anyone have an explanation of why I was grossly underpaid by the registrar for Zenith dividend. I have 78,750 shares of Zenith and received just 86,824.88 Naira.

"NIGERIAN!!! YOU'RE SLEEPING"

It is a waste of time and distractions to think the Problem of Nigeria is your President. I could vividly recalled when Buhari was sworn in, He sent three bills to the National assembly for approval.

(1) Bill:-- Let's tax anyone that have luxurious properties like private JET, HOTEL, etc, and use the money to cater for the poor, the Senate President, silent the move by saying, discriminatory bill is not good, we can't tax people because they are rich.

(2) Bill:-- Let's be giving the Poor people #30,000 naira monthly to relieve them of their poverty, the Senate seats under the control of Saraki said, Nigeria Government does not have the capacity to pay it, Ooh!!! What about #5K monthly to the Poor of POOREST? the Senate, killed the bill, under the guise that Nigeria Government have economic challenges. 2months later, the National Assembly (HOUSE OF LOOTERS) went and bought bullet proof Jeep and called it N37million each, after the journalist investigation, we were told, each Jeep cost N10million, yet, Nigerian kept silent.

(3) Bill:-- Pass a bill of special court to try any corrupt people in government and send them to the prison as soon as their properties are confiscated, the Senate DESTROYED the Bill.

(4) FY18 Budget not yet passed, rather the dishonourable honourables are looking at how to sabotage the government from spending that will impact common people but rather busy looking at what MDA projects/funding they can steal/corner for themselves.

The same NATIONAL ASSEMBLY (HOUSE OF LOOTERS) raise a motion to kill any Nigerians with HATE SPEECH
Guess what..?
The Bill raised by your representative has passed 2nd reading, which means, very soon, if you speak against any of your GOVERNMENT you won't be jail but kill.

As your rulers are making all efforts to SILENT you, you are busy SLEEPING!!!

As your National Assembly are making all efforts to SILENT you, you are busy abusing Buhari.

As your Representative are busy LOOTING your future and making LAW to SILENT you and controlling your mouth, you are busy laughing.

As our RELIGIOUS LEADERS and POLITICAL LEADERS are busy LOOTING our treasury and waste away our future..... we are busy fighting for them.

Now!!! If we hear that your religious leader just bought a new private JET worth 34Billion naira after he has purchased 5 already AND if we hear that 5Trillion naira missing and you want to run your mouth on the news, you will be KILL.

It is so UNFORTUNATE!!!
1.Governor Tambawal of Sokoto State attending his son's graduation in the UK.
2.Senate President attending his son's graduation in the UK.
3.Emir of Kano attending the graduation of his daughter in the UK.
4.Sultan attending his daughter's graduation in the UK.

*YOUTHS BE WISE*
•√ Senate president Bukola Saraki’s son, Seni Saraki graduated from the London School of Economics
•√ okonjo iweala's four children graduated from Harvard University
•√ none of Gbajabiamila's children studied in this country.

*~ YET ~*
*°°° LAUTECH* has been shut down for almost 10months
*°°° BENUE STATE UNIVERSITY* has been on strike for 4months
°°° Benue state governor (Ottom) bought wheel barrow for youths as empowerment
°°° average Nigerian hardly afford 3-square meals

All they could do for graduate is *NYSC* which is just *#19,800* that their own children can't spend in just one week (at most)..
They brought N-power for graduates, set to employ *300,000* when over *2million* graduates have applied... For *JUST* *#30,000*
Yet, majority of these leaders children enjoyed free education, free meals, accommodation, and even immediate jobs after school..

And then, some crazy Youths will still kill themselves for these *WICKED SOULS* during election period ...

Any Youth that fight for these people should go for a psychiatric evaluation/treatment and will *SUFFER!!!!!!*

Looking for 25 acres not too far from Osogbo. Let me know the price per acre if available. Thanks

(i) Do you have survey done on the property, (ii) what is the location and (iii) you said the price is negotiable because at the current asking price - that is 128,000 Naira per acre.

Federal reserve decision and note from the last meeting of January 31, 2018:
In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/4 to 1‑1/2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation

At NTB auction today, CBN offered N6bn, N30bn and N140bn of the 91-day, 182-day and 364-day bills at respective stop rates of 11.95%, 13.65% and 13.70%. While the stop rates of the 182-day and 364-day bills remained unchanged, the stop rate of the 91-day bills was 5bps lower than the last auction.

The Nigerian equities market sustained its bullish trend today, as NSE-ASI appreciated by +2.17%.



Also, Market breadth index ended positive today with 46 stocks gaining against 16 stocks that declined.



FBNH (+10.21%) topped the gainers’ table while HONYFLOUR (-5.98%) had the worst performance.



ACCESS (+4.19%) was the most actively traded stock with c.158million units of shares worth c.N1.89bn.



Sector Performance

· NSE Banking Index: Gained +3.92%, following the advancement in FBNH (+10.21%), STERLNBANK (+10.00%), DIAMONDBNK (+9.96%), UBA (+5.00%) and ZENITHBANK (+4.72%).



· NSE Oil and Gas Index: Advanced by +1.13%, on the back of the gains in MOBIL (+5.00%), ETERNA (+4.88%) and FO (+1.75%).



· NSE Consumer Goods Index: The buy interest in DANGSUGAR (+4.98%), GUINNESS (+4.60%) and CHAMPION (+4.17%) drove the sector up by +0.35%.



· NSE Industrial Index: Shed -1.41%, largely driven by the loss in WAPCO (-3.37%).





Earnings Release



NIL.

Market Insight



The NSE-ASI printed in positive territory today, largely on account of the gains in Oil & Gas and some Banking names. Going forward, we highlight the potential for profit taking, which may drive the market to a negative close. However, this may present a decent entry opportunity into our recommended names in anticipation of the release of full year results later this quarter.



TOP PICKS: ACCESS, DANGCEM, GUARANTY, NB, NESTLE, UBA & ZENITHBANK






Warm regards,
Investment Management & Research
Research@investment- one.com

Dear Valued investors,



Headline inflation declined for the eleventh consecutive month to 15.37% in December 2017



· Earlier today, the Nigerian Bureau of Statistics released its December 2017 Inflation report which showed a moderation in headline inflation to 15.37% year on year (y/y) in December 2017, against 15.90% y/y in November 2017.

· We highlight that y/y movement in headline inflation was largely influenced by the slowdown in the rise in the Food sub index to 19.42% y/y in December 2017, from 20.30% y/y in November 2017.

· Furthermore, the rate of increase in the Food sub-index fell to +0.58% month on month (m/m) in December 2017, from 0.78% m/m in November 2017. This was the slowest increase in the Food sub-index in 2017.

· In our opinion, the slowdown in the increase in food prices in December 2017, which occurred against the seasonal increase in food prices, may not be unconnected with already high prices in the market, given that the food sub-index touched a eight year high of 20.32% y/y in September 2017, as well as weak consumer demand.

· The rise in prices in the Core sub-index (All items less farm produce) also slowed to 12.10% y/y in December 2017, from 12.20% in November 2017. On a m/m basis, the Core sub index increased by +0.51% in December 2017, against +0.77% in November 2017.



Outlook

· We believe the recently published December 2017 Inflation report may further confirm expectations for the rise in consumer prices to moderate in 2018, on the back of the high base effect of 2017 as well as the willingness of the administration to curtail any potential increase in energy and food prices given the negative impact it may have on re-election prospects.

· Our view remains that as we see headline inflation moderate towards the CBN’s target (c.11-12%) we are likely to see the Apex bank move to a more accommodative monetary policy.

· Nonetheless, we see the on-going scarcity of PMS, which contributed to the c.+18% m/m increase in the average PMS price paid by consumers in December 2017 (c.N172/litre), as a potential downside risk to our outlook, as well as disruptions to activities in the Agriculture sector and election spending.



Implications

· We believe the potential for a further decline in the rate of increase in consumer prices should be a positive for company performances in 2018, which should be a supportive of the equities market.

· Furthermore, the likely reduction in the benchmark interest rate and the proposed refinancing of USD2.5billion worth of local debt with offshore borrowings, should see yields in the fixed income space moderate, which should further support the equities market’s performance.

· Also, the potential harmonization between the FG’s expansionary fiscal policy and the CBN’s monetary policy could bode well for the funding of the c.N2trillion fiscal deficit at a lower cost. As a result, we could see the nation’s debt service to revenue ratio decline below c.45% currently, according to the Minister of Finance.



Please click to download a copy of the Nigerian Bureau of Statistics’ Inflation Report for December 2017.




Warm regards,
Investment Management & Research
Research@investment- one.com

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Please I want to know the meaning of Oris, it is a shortening of a longer name bot don't know the longer name. I will appreciate it if someone can provide the longer name and the meaning of the name in Esan. Thanks

Please keep this going for the sake of some of us that wants to learn both the Isan language and culture. Thanks

For a rough and quick estimate of interest earned, you can use the rule of "72". Divide 72 by the interest rate and that gives you the length of time, the money invested will double. For example, if you invest 5-million at 18%, it will roughly double to 10-million in 4-years. That is assuming you are investing the interest earned annually and not withdrawing it.

I got 18.3% for 364-days in this week's T-bill auction

He wrote an opinion piece about occupying NASS and now he is matching to the Presidency. He is a confused old man seeking for attention and relevance for he should be occupying NASS solo to make his point.

Source: nairametrics.com

MPR: What The Predictors Think Will Happen
news-team Chacha Wabara MARCH 20, 2017

Nairametrics| Financial experts are predicting that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) is unlikely to change any of the key rates after its 2-day meeting which commenced this morning. Some of these predictions are quoted below.

Bismarck Rewane, Chief Executive Officer, Financial Derivatives Company Limited.

My projection is that they will do nothing; they will just wait and see. If I was there, I would get the interest rate down by one per cent, bring the CRR down by two per cent and putting more money into the foreign exchange market. That will be a major catalyst for economic activities. However, I think the prudent and safe thing that we should expect is that there will be no change for now. Bringing down interest rate has a risk element.-
Johnson Chukwu, Chief Executive Officer, Cowry Asset Management Limited.

I don’t expect the MPC to adjust the rates because the monetary authority will not want to inject naira liquidity into the economy at this point when they are succeeding in stabilising the naira exchange rate. I do not expect the monetary authority to react to the decline in inflation in February at this particular meeting. That, we expect, will happen probably at the May meeting when inflation would have gone down further and at that point, the naira exchange rate would have been better stabilised.-
Also on Smooth FM this morning, ARM predicted that rate will remain at 14% and did not see any need for a rate hike or a drop.

If these predictions turn out to be correct, it would be similar to the outcome of the January meeting where the Monetary Policy Rate (benchmark interest rate), Cash Reserves Ratio and Liquidity Ratio were retained at 14 per cent, 22.5 per cent and 30 per cent, respectively.

Whatever the outcome though, we expect that it would be agreeable to both monetary and fiscal policy makers, who have just concluded a meeting over harmonization of economic policies. The meeting was attended by economic management leaders from the CBN and the Ministries of Finance, Budget and National Planning as well as Industry, Trade and Investment. This was in an effort to prevent contradictory actions that could stagnate the economic revival of the country.

Source: Nairametrics.com

The National Bureau of Statistics has released its 2017 February Consumer Price Index revealing that Nigeria’s inflation rate increased by 17.78 percent for the period under review. Inflation rate was 18.72 percent in January thus, this is the first time the inflation rate has dropped in 15 Months.

Here are the key highlights

On a Headline basis, the Consumer Price Index (CPI) which measures inflation increased by 17.78 percent (year-on-year) albeit at a slower pace in February 2017, 0.94 percent points lower from the rate recorded in January (18.72) percent.
On a month-on-month basis, the Headline index increased by 1.49 percent in February 2017, 0.48 percent points higher from the rate of 1.01 percent recorded in January.
The drop in inflation rate was mainly due to a significant drop in the Core Inflation Sub-index. Core inflation, which includes every item except food, rose the slowest at 16 percent.
Analysts also attribute the drop to base effects, a situation where a higher inflationary period in the corresponding year will result in slower growth a year after.
Why it is good news?
A slower inflation rate means this is a sign of a decline in the rising cost of goods and services in Nigeria. This will have a positive effect on your purchasing power.
Interest rates on loans and advances may also start to drop in the next couple of months. Currently, lending rates are as high as 26%pa.
A drop in inflation rate could also signal a rise in Real GDP growth rate. This could mean Nigeria could be out of recession as early as the second quarter of 2017.
Foreign investors could see this as a sign of economic recovery and could step up their investment plans in the economy.

Source:Nairametrics.com
The Debt Management Office of Nigeria launched a new retail investment program called the FGN Savings Bonds. In this article, Nairametrics will explain what the FGN Savings Bond means and how you can subscribe to it. We will also explain the difference between this product and other similar ones such as Treasury Bills. You can call this article the A-Z of the FGN Savings Bonds.

What is a Bond?

A bond is a confirmation from a borrower that it borrowed money (cash) from a lender at a given interest rate and repayable over a period. Bonds also include how payment of the principal and interest will be made. They also include the minimum amount that can be subscribed by a lender and in what multiples. Bonds are evidenced by an instrument typically issued by a company or country in exchange for cash.

What are FGN Bonds?

FGN Bond is a bond issued by the Nigerian government in exchange for cash at a given interest rates and a repayment period. It also states how payments of the principal and interest will be made. Nigeria has more than one FGN Bond, with each differentiated by their tenor (duration) and interest rates.

What is FGN Savings Bond?

An FGN Savings Bond is a bond issued by the Debt Management Office on behalf of the Nigerian Government. The bond is tailored and targeted at retail investors and includes a guaranteed interest payment and repayment of the principal. You can check this article for more on FGN Savings Bond.

Why is the government issuing a retail bond?

The government is issuing savings bonds targeted at ordinary Nigerians of all income groups, giving them the opportunity to earn an income through saving and investing. The bond is also expected to help promote the savings culture of Nigerians. Most Nigerians are thought not to save in banks because of very low-interest rates.

What are the benefits ?

The bond earns you an interest that will be paid quarterly directly into your bank account.
The bond is safe and is backed by the full faith and credit of the FG. Government Bonds hardly default, so you are nearly 100% sure that you will get your money back in full along with the interest.
You need not be rich to invest as anyone with as little as N5,000 can invest in the bond.
FGN Savings Bond is a good way to save towards your marriage, an occasion, school, project, retirement etc.
You can also use the Bond as a collateral to get a loan from a bank.
What are the risk ?

FGN Bonds are often said to be risk free because the Federal Government hardly defaults on debt repayments especially if it is a Naira denominated debt. However, being a bond there are a few risks, should you decide to sell before maturity. Just like a stock, you can invest N1 million in a bond and get only N900k in principal. We’ll explain this later. You also face the risk of losing the value of your investment to inflation. If the interest rate on the FGN Savings Bond is lower than inflation rate, then your returns are lower than in real terms. In a high inflationary environment like Nigeria, investing in bonds can lead to a loss of value if the rates are lower than inflation.

How much can I invest?

Retail investors looking to invest in the FGN Savings Bond only need a minimum of N5,000 to invest. Subsequent investment over N5,000 will be in multiples of N1,000. Meaning that you cannot invest N5,500 or N12,700. It’s either N6,000 or N13,000 or N30,000. The maximum amount a single retail investor can invest in the FGN Bond is N50 million.

Where can I buy it from?

You can buy it from any of the approved registered stockbrokers. Just ask your stockbroker if they are authorised to sell. It’s that simple.

What is the tenor of the loans and what is the interest rate?

The bonds have a tenor of 2 and 3 years respectively. Meaning that you can either invest in an FGN Savings Bond with a duration of 2 years or one with a duration of 3 years. The interest rates are determined by the Debt Management Office. They decide what rates they are willing to pay.

How will the interest and principal be paid?

The interest will be paid quarterly into your bank accounts while the principal will be paid at maturity (the end of the tenor, 2 or 3 years) depending on what duration you subscribed to.

When did the government, start selling FGN Savings Bonds?

The Federal Government through the Debt Management Office will start selling FGN Bonds on the 13th of March 2017.

Will it be issued monthly?

Yes, the FGN Savings Bond will be issued monthly

What if I decide to sell before maturity?

You need not hold on to the bond until maturity. If you need cash anytime during the duration of the bond, you can sell your bond in exchange for cash. However, the portion of the interest that you are not entitled to earn because you have sold will not accrue to you any longer. For example, if you buy March 13 and sell August 13 2017 because you cannot wait till March 2019 (after two years) to get your principal, you will only be entitled to the interest earned between March 13 and August 13 2017. However, note that should you wish to sell before maturity, you might pay a transaction fee. Also, because it is a bond, the price you get might be more or higher depending on the market value of the bond.

What is a market value?

A bond has certain characteristics similar to a stock. Being an instrument, bond prices can often be higher or lower than their face value. A face value of a Nigerian Bond is typically N1,000. Let’s assume you bought FGN Savings bond at N1 million and at an interest rate of 13% per annum. It means that for every N1,000 of your investment, you will earn N130 (also known as the coupon rate). So, if you decide to hold your N1 million to maturity, you will earn N130k annually.

In the secondary market, bond prices behave like stock and react to the forces of demand and supply. Supposing lending rates in the country suddenly rise to 16%. It means that the bond you bought that earns you 13% is no longer attractive as the FG will only continue to pay the N130 for every N1,000 in Face value.

To therefore earn a return of 16% at the coupon of N130, the bond will need to sell for a Face Value of N814.11. So, should you wish to sell your bond when the price is going for N814.11, either because you are in need of cash or just as part of your trading activities, you will only get N814.1k (still subject to charges) and lose N185.8. This explains the risks we talked about earlier.

Can I buy even more within a tenor?

Yes, you can subscribe for more provided it is in multiples of N1,000 and not exceeding a total cumulative amount of N50 million.

What is the difference between FGN Savings Bonds and Treasury Bills?

Unlike Treasury Bills, FGN Savings Bonds has a duration of between 2-3 years. Treasury Bills are not more than 1 year with shorter tenors of 91 days and 182 days.
Treasury Bills rates are determined by the forces of demand and supply. The DMO says, the FGN Saving Bonds rates will be determined by them
Treasury Bills interest rates are paid upfront. For example, if you invest in Treasury Bills today, they will pay you all your interest today. For FGN Savings Bonds, it will be at the end of the first quarter.
Unlike FGN Savings Bonds, Treasury Bills are not sold in the stock market
The DMO has also now said, Treasury Bills can no longer be sold to retail investors. You will need at least N50,000,1000 to invest in Treasury Bills.

For your informational awareness. Source: InvestmentOne Research.

FIXED INCOME:
While the O/N rate inched up 58bps to 13.83%, the OBB rate remained flat at 12.67%. CBN conducted an OMO auction today, selling N14.1bn worth of 324-day bills at 18.60% stop rate. Despite the OMO auction, investor sentiment in the bond market was mixed today with yields on short dated maturities contracting while the yield on bonds at the tail end of the curve expanded. The yield on the 5yr benchmark bond was flat at 16.11%. However the yield on the 7yr benchmark bond increased by 2bps to 16.24% whilst the yield on the 10yr benchmark bond shed 3bps to 16.62%.
There is scheduled to be a T-bill auction tomorrow, where CBN will be auctioning N310bn worth of 91-day, 182-day and 364-day bills. Given the continued squeeze in liquidity and CBN’s continued stance in selling OMO bills at 18.60% stop rates, we expect rates at the T-bill auction to fall largely in line with the last auction.
While there are no OMO maturities this week, we expect CBN to keep system liquidity tight in defence of the local currency. As a result, we expect money market rates and yields in the fixed income space to remain at current levels.
As at time of writing, NIBOR rates were yet to be published.

Do you have any acres of farm land along Osogbo - Ede road, or along Osogbo - Ilobu area.

Please provide account information so as to send my widow's mite.

Has anyone really do a simple research to know when this rule came into effect?. This rule was made during the Jonathan Presidency and it was to take effect this year. Buhari has nothing to do with this rule. So much illiterate and lazy follow follow people in this Nigeria.

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We need to ask this man and the so called elders of the Niger Delta why the 16-point agenda was not presented during the Jonathan Presidency when his supposed "son" was in government. Were they busy getting all they can and canning all they have stolen not to demand for the greater good of the Ijaw people then. As a people, we need to ask pertinent and genuine questions and until credible answers are provided, they all need to shut up.

Please is there a way to donate to her directly. This is what this thread should dwell on instead of insignificant jokes and comments. Please I will like to donate to her directly, if possible?. Who can facilitate this on getting information from the Police Station.

The Nigerian Bureau of Statistics released its October 2016 inflation report today. Please find key highlights below;

· Headline inflation in October rose to 18.33% from 17.85% in September.

· Despite the harvest season, the Food Sub-index was up by 17.1% in October from 16.6% in September.

· While volatility in the FX market continues to impact imported food inflation, all items that contribute to the Food sub-index increased.

· Furthermore, the Core Sub-index continued to trend upwards, rising to 18.1% from 17.7% in September driven by higher housing, water and energy costs.

· The higher energy costs may not be unconnected to the +56.1% y/y spike in the average price of PMS and the +23.05% y/.y rise in the average price of Diesel to N145.90per litre and N187.25per litre respectively.

· On a m/m basis, price levels inched up by 0.83% in October from 0.81% in September.

· We highlight that the increase in the inflation figure was largely in line with Bloomberg consensus at 18.30%

Implications and Outlook

· While we see a gradual uptick in CPI till year-end, the headline figure should continue to moderate on a m/m basis.

· This in our view may see the MPR retained at 14% at the upcoming MPC meeting slated for the 21st - 22nd of November.

· Furthermore, as the Marco-economic environment remains fragile, a rate hike would likely be a negative, while a reduction in the benchmark rate would do little to spur growth as FX liquidity remains constrained.

· We also believe that the committee may be content with the current level of yields as it meets the objective of ensuring positive real return. However despite the higher yield and interest rate environment, foreign currency inflows remain uninspiring given investors’ concern on the opaque nature of the FX market.

· In addition, we do not foresee a negative reaction to the inflation number from market participants in the fixed income space given that the October inflation figure was largely in line with consensus estimates.

· Going forward, while we expect headline inflation to continue to rise y/y, it may be at a slower pace due to the higher base towards the end of 2015.

· However, the potential for a hike in the price of PMS remains, which may put upward pressure on headline inflation on a y/y and m/m basis.

Nigeria plans to sell 119.92 billion naira ($376.22 million) in short-dated treasury bills at an auction on Nov 16, the central bank said on Tuesday. A total of 32.43 billion naira will be sold in the three-month papers, 22.82 billion naira in six-month bills and 64.67 billion naira in one-year bills

Unveiling our wide range of products from wholesalers to household end users. For your daily meal, big events and festive preparations:

1) White long grain 100% organic parboiled and polished
Retail price: N18,000
N9,250 per 25 kg
N3,900 per 10kg
N1,950 per 5kg
N390 per 1kg

Bulk price (more than 1bag): N17,800

2) White medium grain 100% organic parboiled and polished

Retail price: N17,500
per 50kg
N8,750 per 25 kg
N3,750 per 10kg
N1,800 per 5kg
N375 per 1kg

Bulk price (more than 1bag): N17,200

These are early 2016 prices.. our Q4 supply for 2016 ending are coming soon and prices are currently under review. Stay tuned.

All categories of price includes cost of delivery and logistics. Lagos, Ife, Ibadan, P/H, Lokoja, Abuja, Enugu, Aba, etc.

It is obvious that these two jokers - Barrister Emma Nmezu and Dr. Clifford Chukwuemeka Iroanya do not and cannot comprehend simple english. PMB said whoever is disgruntled with the Nigerian state can leave. IPOB can leave and move to the Atlantic to carve their worn biafra. South South and Middle belt has never and will not be part of biafra.

LadyMercedes:
Where dem dey? Sai Baba, abi?

Bubu, thanks for your advice. Many of us took it, even before you gave it.

Nigeria, ngwanu bye bye. Ka odi!

Good who cares and by the way nobody missed you. Take all your ancestors and all your generations with you comot go Canada.