₦airaland Forum

Agba taker and obtainer. Enimo o ko, eniko o mo.

Agbalowomeri:
Yes o; old taker

Point of correction, the "agba" in his name doesn't mean "an elder", it means something very "sinister". He's a bad guy. The "agba" here means "a taker", and @Agbalowomeri means "A taker from the needy/lacking."

jonnysessy:
Sorry Mr Agbalowomeri, I also have that misconception that you are an old man. I will give my reasons:

1. Your moniker "Agbalowomeri " sounds old to me and in Yoruba language Agba means Elder.

2. Your moniker dates backs on this forum dates back as early as 2013 ( if not earlier sef). Which means you have been long in the business and must have age on your side too.

3. Your love for garri and not Shawama had also exposed you that you are old.

4. Your jokes and face goes a long way to tell me you are matured and know how to handle situations and not get unnecessarily angry no matter the provocation

5. Your selling Guaranty Trust Bank when you observed it had peak should also be part of the reason. It was a smart move at the time because you cash out big time.


So with these few points of mine, I think I have been able to establish that you are old.

If they can do <= 12-15% (last year was ~11.36%), we should have a bumper harvest. The price closed at #474 last year, and 15% of that is ~#70.

RodgersAkpafu:
I really hope so

Take it, it's a good rate given the current ongoing market condition.

Nakedman:
Got 19.09% from Stanbic today. 365days. Sighs

I dey this bus. They don't ever fall our hand, always overdelivering.

KarlTom:
Na PRESCO I dey wait for like this

6000k or we protest

This is just a local maximum (your supposed hilltop), not the global extremum (maximum).

Agbalowomeri:
Lol who is competing with you on knowing. My hypothesis is still in place. EPS will trend down from here. Isn't that what we are saying? We are on a hilltop and descending . If Q1 and Q2 EPS 2025 show growth over 2024, then you have won.

Offer: The amount the CBN intends to sell or puts on offer.
Subscription: The amount that people actually requested for.
Allotment: The amount the CBN finally issues and got.

Yield is the equivalent of the rate you get if your interest is paid at the end of your investment tenor (90-, 180-, 0r 364-day). The stop rate is the maximum (cutoff) interest rate that the CBN was willing to sell to bidder. Some bidders must have made bids below and some others above the stop rate, but he CBN only decides what rate they would not go beyond based on the various bids they received and the amount they want to raise. The stop rate is the equivalence of your annual interest rate that you'd normally get after your investment tenor. '

You must pick a definitive rate because the bank must specify to the CBN what rate they are bidding at--they cannot give a range.

omotola224:
Hello everyone pls I have some questions

I understand how secondary market works which is what I have been doing
Now I want to go for primary rate my questions are as follows

Based on the last auction result picture
What’s the meaning of the offer,subscription, allotment
Also why is true yield rate not used instead of current stop rates
If I want to invest 100m for 365 and on this very list we have 80m for 91 days,120m for 182days, and 500,000,000,000
Will I still be able to invest 100m for 365 days when that exact amount isn’t on the document
Also my account officer said there are no guarantees my bid will be successful and my bank which is Providus also says I have to pick just one rate for them to bid at
I thought I could pick a range
I have asked to speak with someone in the tbills dept but there has been no response

If I could get a clearer picture from experienced people here I will be grateful

Attached image is the last auction rate

How the journey is going: NSE All-Share Index from April 10, 2019 to March 27, 2025.

Thank you for the vital information. DataMax has been ridiculous by not responding to inquiries. They're just lucky based on my distance.

emmasoft:
For those yet to get their GTCO shares from the last offer, click on the link below to complete the cscs update form provided by the registrars of the company as part of the solution to the issue.

https://www.cognitoforms.com/DataMaxGroup1/CSCSACCOUNTDETAILSUPDATEFORM2

Youngzedd:
What if it's the same person?

E dey happen

It's highly possible, MH is a real hustle.

Think smarter! This platform has a search engine/box that can help you learn if you know how to use keywords! Anyway, as I said earlier, only if you're not lazy to read. Good luck.

Tolu2024:
Can’t start to read over 3000 pages and moreover I am not investing or sending my money to someone I don’t know if it’s not bank . 🏦

Hello Everyone, I just have a quick question. Has GTCO (DataMax) credited the approved public offer shares to anyone's CSCS account? I got the e-allotment advice from DataMax Registrars, but the shares have not yet been deposited into my CSCS. Anyone else in that situation?

Have you gotten your GTCO added to your CSCS account?

Sunrisepebble:
Don’t forget that the new shares are not listed. So they don’t have to pay out on it compared to the ones that have listed the newly issued shares

Tolu2024:
WhatsApp?

Be careful. Everything you need to invest is here on the thread, only if you're not too lazy to read.

Lol I can't spoil your parole o, I am not an EP.

Agbalowomeri:
Wahala wa o

This man no spoil my parole o

And you're a billionaire angel investor, touching the lives of startups in the industry.

Agbalowomeri:
It is a multi billion dollar industry

I hear you, but you contribute to the ancillary industry.

Agbalowomeri:
I no dey do runs girls o Lol

@Agbalowomeri how much share did you buy in this industry? https://www.nairaland.com/8370564/lagos-men-spent-n661b-runs#134561630

Thank you. I understand the T+3 days settlement rule must still applies.

sterlingD:
Mail your stockbroker that you want DCS: Direct Cash Settlement. You will be sent a form to fill and submit for onward processing .Note if and when effected it will take T + 3 days for the proceeds from any stock sale to be credited into your account.

Thank you, I'll look into it.

SonofElElyonRet:
CSCS. I did it through my stockbroker.. can't remember the process.. been a while..

What's the procedure for doing that, could you annotate it here?

SonofElElyonRet:
People should learn to link their bank accounts to cscs so they get money from shares sold paid directly into their bank accounts

Yes, the reinvested interest will also earn interest at the same rate as your initial principal.

Maya30:
Good day house, I want to invest in Treasury Bills(ist time).
If I choose to reinvest my interest, potentially up to ₦5 million, will I still earn additional interest on the ₦5 million?
Assuming it was 15% at the first bid, will it be the same rate with the interest I just reinvested?
Thanks

Foodempire:
Very discouraging with the current inflation rate. I've got multiple tbs maturing in April and May i will rather invest in money market and watch how things unfold.

I think CBN believes that as naira strengthens against the dollar then rate should be cut,mind you dollar is going up again. When rates are not encouraging enough people will rather buy dollar to hold and inflation will skyrocket again then rate will go up but for those who have already invested in government securities at a ridiculous rate for longer tenor will then regret it because the meager earned won't be able to withstand the current inflation. I locked up huge funds in sukuk for ten years at 15.7%, as it stand now I'm at a loss. If you don't apply sense investing in naira, you gonna look back after 10 years and realize that you've been played all along.

Much sense in your write up. One cannot really blame them much, the economy is a dynamic system which requires continuous actions, feedback, and correction cycle. They can only do their best, which is sometimes insufficient.

You cannot please God, no one can. Please yourself with principles. You will be good.

PRINCESSFCFANSs:
OK ,




such is life ,


just live your life to please God.





Princess Faith Chukwu

richgang:
You can invest in Mutual Funds which is 20 to 22 % p.a . Or better still you can invest in fair money which is 28% p.a .

Upfront interest (yield) of the treasury bills makes it better than these mutual funds in my view. Fair money is also variable rate, which may drop quarterly, isn't it?

On a serious note, my treasury bills will be maturing in tranches April, and I'm still not sure where to lock the funds after then because the current treasury bills rate regime is very discouraging. Guys, what are the safest term papers available on offer right now?

I lived, studied, and worked there for some years, and he's not far from the truth.

Tradepunter2:
Like you have ever lived in that region.... I hate people like you..... Keep your negative opinion to yourself

miketayo:
You should take your own advice

Ignorance.

It's a faceless forum, do not worry. Look back on this when you grow up a little more.

miketayo:
too many clowns on Nairaland. Go play with sand.

miketayo:
who is this one

Someone competent and qualified enough to teach you and your professors.

miketayo:
there are different org making the rankings, you can pick any.

This guy no understand logic. Sorry, you will understand later.

Who makes those rankings?

miketayo:
which university is ranked higher than Western uni in Nigeria?
you will just open yaa mouth like a hippo