₦airaland Forum

triol80t:
Thanks for your response. Dem won give me hypertension ni oo. Money wey don reach Road already on top recession level. Great work all d ogas really learning from u guys all.

I just got debited by Stanbic IBTC bank. ....you will soon get if you have not been debited...

triol80t:
Good day guys, Please who is yet to be debited by Stanbic IBTC. Also I would appreciate if it takes more than 48 hours to get settlement with the PD. Many thanks in advance.

Relax...am yet to be debited also....we will be debited be 10pm today as usual on Fridays

freeman67:
That's 17%.
your is better self. Stanbic debited just half of my request and left half me.

Those that went with stanbic ibtc bank rate for 91 day NTB were successful at 14% from CBN stop rate of 14%...maybe cbn PRORATED them at 50%, hence the debit of half your face value by the bank...

You can check the meaning of the word PRORATE from oga feelamong explanation yesterday

bee2bee:
Hello all, please someone who has bidded with GTB before should help me out. This is my first time using GTB. I submitted request for 3M at 13.98% and i understand the stop rate is 14%. I just saw debit alert in my email now for N2, 895, 722.95 for Tbills, 300naira for commission and 750naira for custodian fee. Please why was 3M not debited?
cc:feelamong

Your interest for 3M 91 day NTB at 13.98% is N104, 562.73k , so when you minus the interest from 3M ,you will get the N2,895,722.950. ....I.e 13.98/100 ×30000000×91/365 =N104,562,73k

The N750 Custodian fee came from gtb 0.717% fee on the N104, 562.73k ....I. e x/100 ×104,562.73 =750 will give you 0.717%.......note some banks like stanbic ibtc bank charges 0.125% as Custodian fee.

The N300 transfer fee of your money to CBN is constant for all banks....

Hope my explanation will help


Oga feelamong and other gurus can confirm if am correct.

Thanks.

soloniger:
I got this alert, could it be flourmill div. looking at the narration:
Your Acct 800XXXX804 Has Been Credited with NGNx.xx On 14-SEP-2016 17:15:26 By REM:N-10005120398/PAYMENT 35 OF 31032016. Bal: NGNxx.xxCR

Yes my oga

selade:
Noticed some stocks don't apply withholding tax on dividend payments e.g Flour Mills, Nestle.

Any reasons for that?

Maybe those companies pay for their shareholders to keep them" smilling "

NOLONGTIN1:
Chai! !! I don die ooo

my 14.25% no enter ooooo

and I had a very strong feeling about that rate - same with previous feelings I've had about past decisions (cum success)

Go for 182 or 364 days NTB next week

Thank God. ....floor mills of nigeria plc e-dividend alert just Landed

feelamong:
when you have a lot more winning than the amount required at a particular stop rate..

For EG..if CBN intends to raise N50B 91 days bill...and eventually get N48B at below 14% and the last N2b having subscribers who have all bidded 14% to the tune of N5B.

Since CBN needs only N2b, they will look at the bids and then prorate maybe by saying that they will take only 70% of each of those that bidded 14%.

That way, if you bidded 14% for your N1M, CBN will only take the Discounted Value for N700K

Thanks my oga. ...so is not good to bid at exactly the stop rate...

feelamong:
i hope the 14% winners were not prorated sha...

Pls my oga feelamong. ...what ishould this prorated stuff...Pls explain to usee. ..

feelamong:
Bill Auction results Stop Rates: 14/09/2016

91day -14%

182day - 17.77%

364day - 18.48%

Waooooo, Thank God oooo

Bidded for myself @18.3% for 364 days. ..via stanbic ibtc bank.

Thanks my oga feelamong for your advise. ....I appreciate. ..

Floor mills of nigeria plc never pay their share holders dividend for FY2015......payment date was 12th September, 2016... Their office line not going...

Make UBA no delay on Monday next week

A beg ogas talk to them. ..this dividend is very important now

Annalise:
ok, thank you. But I would like to reinvest the interest immediately. How is that possible?

Its not possible to reinvest the interest immediately as the interest is paid upfront...but the bank may deceive you that they will do that...meaning they will hold your interest for you till the tenkr expires without giving you any interest on your ntb interest....

When you cool down and analyse how NTB works, you will not want bank to reinvest the interest for you, rather you reinvest the interest yourself in the next ntb bidding week....
For example, you invested 6m last week for 1yr and your interest cbn paid you is about 1m, you can quietly reinvest the 1m in next auction day.....and get another 180k interest which you can reinvest yourself in the next ntb auction date and get another 25k which you may reinvest if you made it up to 100k.....that is the power of compound interest..

Pls all these figures are examples, not the real interest you may get..

Hope you understand....reinvest your interest yourself in the next bidding date...

Annalise:
Hello feelamong ukay2 kindly advise me on how to fill this form. I was told to scan and send it to them. Should I go for OMO or Primary Market?

Choose primary market. ..

Don't choose any roll over. ..let them pay you the interest after deducting the face value same day

Submitted 18.3% for 364 days. ..may God see me through. ..Amen

feelamong:
Am still betting around the last Auction stop rates..

Liquidity i still very mush! and we still need to attract the FPIs

So 18.4- 18.3% % is good to go for 364days ntb abi?

@feelamong and others....Pls advise us on the bidding rates for 91, 182 and 364 days NTB. ..

@successgee, any info on advise rates from standard bank?


Thanks..

feelamong:
My bankers have confirmed that there is 364 days..

Thanks. ..Pls what rates are we going for the different tenors....
Is 20% good for 364 days


Pls advise us as this 17.13 % inflation rate is high...

Thanks

@feelamong. ..Pls is 365days NTB going today or only 91 and 182days only??

. ...Pls confirm as am confused. ..

Am waiting for your kind response

Thanks

xpertise:
Hello guys
Anyone who has successfully traded with Zenith Bank? Would like to know the process, charges involved as well as the minimum Amount to trade with (NTB) so I can roll in tomorrow pls?
Thank you for your prompt response.

@feelamong @Ukay2

I mainly do NTB with stanbic ibtc bank as I can bid for myself the interest rate....

But I think zenith bank minimum is 500,000 naira with normal cbn NTB charges for banks...you have to go to any zenith bank branch nearest to you before 12 pm tomorrow and apply for any tenor...91,182 or 364 days you want. ..ask them if you can bid for yourself or you must go with their bank rate....

Just come to this forum tomorrow morning before 12 noon as ogas in this forum will give us advise rates for each tenor if you will bid for yourself

Hope this information will guide you...

Happy investing

feelamong:
I thot The calendar shows there will be a Fresh 364 days issue

What i saw was maturing tenors of 91 and 182days and roll over tenors of 91, 182 and 364 days....which one we go the follow for this 15tg september 2016 auction...

Pls clerify me so that my bank no go use my money do business for 1 week if i miss this coming auction...

Thanks Sir.

feelamong:
yes there is!

But my oga feelamong. ...from the NTB programme from cbn, there is no 365days on 15/09/2016. .....am I the making mistake??

Pls clerify it...

Thanks

ummitoagirl:
Pdf attached.

Thanks. ..have been waiting for this calender...

So I go for 22-9-16 for 1 year....NTB

parksland:
yes

Yorkshire u want to sell it

feelamong:
It's not yet out...

My account officers say they will send out across as soon as it's out.

It's expected out before the end of this week sha!

Thank you Sir...

Pls my oga feelamong. ...and other gurus in the house

Am still waiting for the CBN NTB programme for the 4th quarter 2016. ..

I want to invest in the next NTB auction. .....365days in 2 weeks time...

Thanks

zamirikpo:
this may help the newbies.............

Thanks my oga
Pls I need the 4th quarter CBN NTB programme, not 3rd quarter.

Thanks

Pls what is the best car paint products to use in spraying my Toyota corrola golden color....

feelamong:
Would ask my bankers for this programme by morrow...

Meanwhile rates are not looking too good in the secondary markets..

Waiting for CBN OMO to clean up this excess liquidity as we also expect the FAAC money to hit the systems too next week.

Pls my oga.....still waiting for the CBN NTB programme for the 4th quarter...


Thanks

feelamong:
Would ask my bankers for this programme by morrow...

Meanwhile rates are not looking too good in the secondary markets..

Waiting for CBN OMO to clean up this excess liquidity as we also expect the FAAC money to hit the systems too next week.

Thanks my oga....hope there will be 1yr NTB by September after this one on 1st September. .my 1yr NTB last year matures 2nd September ...

PL I NEED CBN NTB PROGRAMME FOR THE 4THE QUARTER

CC
FEELAMONG
EASY FLOW
UNITED4REAL