₦airaland Forum

zamirikpo:
please what stanbic ibtc branch gave u these rates and did they have any restrictions as it concerns the 50m dmo issue.

freeman67:
Then something is wrong somewhere. Maybe the person that is to handle it in his branch forget to send his request to Head Office for processing.

MOBBDEEP:
I got a feeling UKAY2 specified his own rate.
Did you?

MODIFIED :
I have seen that UKAY2 went with the bank rate.
Too bad.
Na to go open account with FBN.
No lele!

sanerugwei:
I thought they already knew this but wanted a work-around by pulling customers' fund and bidding on their behalf.
If not, why did they have to waste peoples' time and energy in the first place.

These banks sef.

awesomeJ:
I think most banks will yet offer rates that are within 200 basis points of CBN's stop rate. StanbicIBTC and FBN should be among the top 5 offering the most attractive rates. competition will eventually moderate their actions as per ripping off. not just inter bank, but also intra market competition, if they should try ripping off excessively, it won't be long before smart investors start boycotting their offers for other instruments in the market. I think what really poses more threat to money market rates right now is the news of inflation tapering. I think beginning from Q2'17, we could start seeing inflation figures below 17% partly due to the fact that there's already a high Q2'16 base. The new FX policy is also expected to in the least prevent any further worsening in the inflationary trend. I expect the MPC to hold rates in their upcoming meeting this month, but perhaps when they meet in May, they may want to consider a cut, which will signal the beginning of a lower money market rates period. remember this era of high rates has been on for about 9 straight months since June 2016, basically because the CBN was hoping to attract FPIs with it, so by May, they may think that it's time to reconsider the decision since, it's really done nothing but increase the debt service cost of the FG.
Bottom line, whoever has spare cash would be better off doing long-tenor T-bills, or normal FGN bonds to lock up on these current rates, because rates could start crashing after May's MPC meeting. Let's not let this current sweetness make us forget that we have cycles in this market of ours. Nice night to everyone. God bless.

awesomeJ:
I think most banks will yet offer rates that are within 200 basis points of CBN's stop rate. StanbicIBTC and FBN should be among the top 5 offering the most attractive rates. competition will eventually moderate their actions as per ripping off. not just inter bank, but also intra market competition, if they should try ripping off excessively, it won't be long before smart investors start boycotting their offers for other instruments in the market. I think what really poses more threat to money market rates right now is the news of inflation tapering. I think beginning from Q2'17, we could start seeing inflation figures below 17% partly due to the fact that there's already a high Q2'16 base. The new FX policy is also expected to in the least prevent any further worsening in the inflationary trend. I expect the MPC to hold rates in their upcoming meeting this month, but perhaps when they meet in May, they may want to consider a cut, which will signal the beginning of a lower money market rates period. remember this era of high rates has been on for about 9 straight months since June 2016, basically because the CBN was hoping to attract FPIs with it, so by May, they may think that it's time to reconsider the decision since, it's really done nothing but increase the debt service cost of the FG.
Bottom line, whoever has spare cash would be better off doing long-tenor T-bills, or normal FGN bonds to lock up on these current rates, because rates could start crashing after May's MPC meeting. Let's not let this current sweetness make us forget that we have cycles in this market of ours. Nice night to everyone. God bless.

X21:
No specification of rate
you go with bank rate
bank rates will keep going lower as time progresses
as they will take advantage of the new rule

Austinekg:
Dear House,
My treasury bill is maturing on the 16th of March, 2017. Please how will the payment be made by CBN. Will it be credited directly into my account?

I will really appreciate your response.

Regards.

ernie4life:
Here you go

feelamong:
Yea...the whole world is waiting for March 11th when we will see whether the US S E C will finally approve Bitcoin ETF there.

Until then we will just be making small small money on bitcoins trading and mining





Pls oga feelamong. ...could you please post NTB programme calender for 1st quarter 2017.....I need it.

Thanks

feelamong:
Yea...the whole world is waiting for March 11th when we will see whether the US S E C will finally approve Bitcoin ETF there.

Until then we will just be making small small money on bitcoins trading and mining..

Pls oga feelamong. ...could you please post NTB programme calender for 1st quarter 2017.....I need it.

Thanks

emmanuelewumi:
I guess it was due to bitcoin.

feelamong:
Wow....

Am back after my ban...

Since its obvious that we all cannot take part in the Primary markets anymore...

I want to suggest that we share info on what each of our Investment bankers are offering in the secondary markets...

At least that way we can identify the banks/Investment houses with the best rates and deal with them..

Shalom!!

Ojix85:
Hello and good morning All,

Can someone please, assist with current rate/price history for StanbicIBTC Money Market Fund?

I have checked online. The page has issues.

Thanks in advance.

feelamong:
Like I posited in one of my previous mails..I have started buying dollars yesterday

I bought at N460...

I intend to buy more as the price continues to slide....

Hopefully those that are waiting for dollars to get to N1000, will eventually sell to us..

OBAGADAFFI:
When did they Zenith pay((Interim 25k)?
Kindly clarify.

Ups01:
@ukay2 Sir am little confused o, does Stanbic IBTC have a plan where i can increment my investment by at least 5k per month?

is there a page where i can view the factsheets? (e.g FBN Money Market Fund has https://www.fbnquest.com/asset-management/investor-resource-center/fact-sheets)

Ups01:
@Carpenter @Ernie4life Thanks for your immense contribution on this thread.

is it advisable to go into Mutual Fund in 2017?

FBN MMF customer care is annoyingly too slow, is there a better Mutual Fund Company with less complexity and better customer service?

cc:
feelamong
naijainvestor

feelamong:
PLEASE I BEG FOR YOUR PERMISSION AS I POST THIS IMPORTANT INFO******


A few months ago i discovered Bitcoins through someone in this forum!

After buying for some time and hoping for an increase, i noticed that the price fluctuates and as such could be tradeable (Buying at times of low and selling at times of High)

This led me to searching for reputable coys that I could Invest my Bitcoins with so that they trade for me.

I found one and did a research on them to be sure they are reputable.

The coy is CRYP TRADE CAPITAL...they are based in SPAIN

They actually guarantee at least 17% monthly return (Dollars) on your Bitcoins investment.

I have invested here for the past 3 months and just felt i should share!

You can pm me for further info.




PLEASE FORGIVE ME FOR THIS!!! JUST WANTED TO SHARE AN INVESTMENT INFO THAT IS WORKING FOR ME!

PETERiCHY:
Don't worry by tomorrow the news would have traveled far and wide so let see who in his or her right senses will buy your FCMB


You forget to add my PRINCIPAL is as well 101% safe with FG in this current turbulent
economic era.

Team16:
feelamong. Please I need your help. I sent my bid for 364 days at my rate of 18.39% with Gtbank and my account officer told me that my bid failed at that rate. Please what do you think about this. Stop rate yesterday was 18.449%. He was saying crab about bank having to make profit and all those stuffs. From all I could get is that, GTB bids at a higher rate and sell to its customers at a lower rate in order to make their own profit off your money. So anything higher than their rate won't be submitted because they don't make money off it. Please any Gtbank debit higher than 17.9% should comment. Thanks

Uzee24:
Is it possible for one to stay 3days after the auction without recieving an alert and his account officer says his bid went through. Went to my bank 2day to know if my bid was successful after I did not hear from by bank however, the account officer i submitted my application to said I should expect my alert today. Experienced members in the house, does it take that long for ones account to be debited if his bid was successful? Considering the fact that people in the house have gotten alert since early morning thursday.

leo1234:
Maybe after today I will be heading to 150% in ucap.

locodemy:
look like na the first time you dey jam this kind thing in stock market.The thing dey sweet you like honey........enjoy your loot jare.......

angelo82:
Congratulation to all of us in UCAP and hoping for others to surprise us in a positive way.