4601CE:

I have a question though.
Please
Will my Capital be paid at maturity into the account I provided on that Savings bond form? Or the one I provided when opening CSCS account?

It will be paid into the same account your coupon/interest is paid

Mission accomplished!
SMH

4601CE:
It’s finally back on my CSCS portfolio. ☺️☺️
Even tho I didn’t receive any text message from dmo
God bless Nigeria
Cc Ihelp, Kopling .
Thank you

Ok. Hope it doesn't disappear again.

4601CE:
this is becoming more interesting as it has disappeared from my portfolio.
I weak

Contact cscs to know what happened

4601CE:
Ive subscribed to that CSCS and I can’t find anything like FGN Savings Bond there.
Which kind DMO is this na.
I even contacted my broker and they said …
CSCS/DMO is yet to credit me account with the bond unit.
And they’re hoping it will be credited before the end of this week

You should be able to see previous subscriptions. That of July 2018 is yet to reflect.
When you login to your account, on the menu list click on "My Portfolio".
If you have account with different brokers with the same CHN, it will all be listed there.
Click on the account you used to subcribe and you will be able to view what is in that account.

Agbalowomeri:


You don see person provoke for bull? Show me one post for first three weeks of January
The codeine wey bull dey pump for we system no be here

Exactly my thoughts. Small thing can provoke people for bear. You can imagine when bull was revealed to you and you entered the market only to see bear.

Kolping:
@4601CE
If your application was successful, you should get a text message from the Debt Management Office. According to the offer, the settlement date is 11 July, so wait until then for your text.

It will not show on your cscs account until after the settlement date. You could pay the yearly cscs fee of 2,500 Naira to monitor your investment. It's worth doing so. Your stockbroker can also access your cscs account and send you a printout by email.

4601CE:
Thank you very much for your response .
I’m not sure I’ll be able to pay that CSCS fee . I will wait patiently for the text .
But you mentioned some investor login details your stockbroker sent to you or something like that on the Bond thread . Please tell me about it . Thanks

Kolping gave you the right answer. You get the notification after the settlement date. Sometimes it delays for some days.
Also, paying the annual fee to cscs to monitor your stock and bonds is worth it. Unless you are investing very little fund.

On NL the thread below is the best place to get all answers on Tbill.
https://www.nairaland.com/878880/treasury-bills-nigeria

July 2018 offer rate

This month the rate increased by 0.139

2years - 10.483% per annum
3years - 11.483% per annum

m784n:
Waiting patiently for the July rates

m784n:
Please why is July rates and all not out yet??

Agbalowomeri:


The money no finish, someone else took it

Lol. Depending on the volume. I think I took part or all

jp130:
Plz how do i withdraw from morgan capital after selling my holdings?

Send your withdrawal request to them through your registered email.

onegentleguy:
Some folks are probably in the 'NSE room' just to make money for brokers.
...People really need to understand the basics of price/volume swings and dynamics.
One of which is that its unwise to hurriedly exit a stock whose current day low is higher than its WAvg and Ref price, and its highest bid as at the time also higher than both its day low and Ref price. (presently playing out in 2 penny stocks)
...especially when its a fundamentally sound coy.

Thats why oftentimes there are regrets after exiting a coy.
No one is perfect, but people should learn to do better.
...otherwise u will only be making money for brokers.
...and those who have the basic idea will continue to benefit from ur psychosomatic behaviour.

Just a pivotal piece of advise.

I am one of those "making money for my broker". I am not complaining. At the end of the day, I make a very decent profit.
The bottom line is to stick with what works for you until you learn a better one.

eezeribe:

It's my pleasure.even though interest rates do fluctuate, but by the end of the year, the yield would be based on an 'average' of all the fluctuations.
If you invest 10000 in MMF at 12.31 %, your interest after one year would be 123.1 naira, which is equivalent to 10.258 Naira every month.(excluding compounding)
Investment in the capital market only makes sense when your starting capital is on the 'high side'.
One good thing about the money market fund is that interests are compounded quarterly...

Sir/Ma,
Your calculation above is for N1,000 and not N10,000.
The interest based on the assumed rate will be N1,231 for one year.
Kindly recheck.

Kolping:
Ok. Thanks. I received my investor account details (dated 14 June) from my stockbroker but the June offer was not listed. I also haven't received the usual SMS confirmation from DMO.

Just got the notification for June purchase.

Kolping:
@IHelp

Do you have any contact at DMO to confirm a purchase of FGNSB June offer?

I do not have any personal contact at DMO. They have some numbers on their website. Though I have not tried reaching them through that channel.
You can as well try registering with cscs. As you can confirm your bond/stock online through them.
When ever I need clarification I contact my broker or Cscs.
I am yet to get notification for the purchase of June Fgn savings bond but I have already confirmed it in my cscs account.

IchimokuPilot:


We doubt your loyalty going forward, though you stayed back.
We also immediately start preparing a replacement for you, should you bring up this kind of ingratitude in the future.
We are just offering you this increase now to save our revenue.


..........Reporting from the heart of a HR manager....

Exactly my thoughts. As long as you have informed X, the only option for me is to move on.
The "temporary" salary increase is just a trap

awesomeJ:

Q3 you meant sir.

Good news is for the first time since Q3'17, they'll be selling over 1trn worth of these bills. one may want to slow down on buying long tenors now.

ahiboilandgas:
why

I believe rates will soon go up like AwesomeJ stated. Fgn savings bond rate is higher than the last Tbill stop rate I saw. Meaning government wants to lock up the rate for longer term before the rates increase.

#JustMyThinking

Adayoung:
Good day, between mmf and fgn bonds which is better?

Both have it's advantage and disadvantage. It depends on your investment plan.

June 2018 offer rate

This month the rate increased by 0.864

2years - 10.344% per annum
3years - 11.344% per annum

Ugosample:


But I'm still a bit confused tho

How can I buy bonds from my stock brokering firm?

If you already have an account with a stock brokering firm, fill the Fgn savings bond subscription form and send to them. Make payment for the value you want to purchase.
Some firms use the same account for your stock and bonds while some have different account for bonds.
You should contact your broker for more info.

freshpzy1:
hello house.....
pls i av this questions
is my investment in fgn savings bond free from tax?
and is the interest i receive from it free from tax too?

Yes. It is tax exempt

SoNature:


But a quarter is supposed to be every three months, making it four in one year. Please don't argue

Thanks.
Every 4months was a mistake. (Correction: Every 3months). I have corrected it on the post. All other calculations on the post is correct.

Loaded some fidelity.

mendes911:


5M units line up. Is that you?? DBN.

Na Mpeace 5m×4

First bank dividend just dropped.
#Account shaking

currentprice:

^
^^
with your over 10 years experience in the mkt, you still asking the newbie question

vv
v

When breeze blow, ..... open

aremso:


[/b]Whatelse do u want me to learn again?[b] I started shares investment in 2006, have seen the good, the bad and the ugly and have also done research on 15 to 20yrs price history of my preferred stocks even I tell my broker what the direction will like be and it happened so what do u want me to learn again. U want to tell me zenith will get to 30, gtb 50, access 14, uba15, ucap4, dangflour 20, dangfsugar 25 before election? What will be happening is up and down of the prices before election and we can place 100k bet on it. Just pick a stock and let's watch it

aremso:




Please House, how can an individuals trade online

chai

mendes911:
Japaul Oil, Loss And Fraud Limited

http://www.nse.com.ng/Financial_NewsDocs/22242_JAPAUL_OIL-EQUITY_FINANCING_UPDATE_CORPORATE_ACTIONS_MAY_2018.pdf

They met and deliberated since March and then kept quiet. I guess some of their directors are done dumping the stock.

Choi. Chai.

cc Loco

locodemy:


You monitoring demon.I went to cameroun for a business trip since mr market is not responding to bulls.Just came back to Naija.Market has made some improvement in the past two days.[/b]I still hold unto my shares.[b]

NL1960:


20% ke?. What do they invest it in to recover the funds and make profit?.

The higher the risk, the higher the return. They also offer loans to people at crazy rate.

moemindz:
Someone kindly assist with possible reasons the rates are reducing steadily

Government is generating more money now as price of oil is increasing.
Government also got cheaper rate from the Euro bond and now need less local fund.

.....When you desperately need something you tend to pay higher unlike when you are not.

Horlartunes:
so how do we now tread carefully sir

GODAKPAN:



When u give a mandate for transaction and you are not notified within 48hrs via email, text message or any other means of communication you choosed, then request for letter of confirmation ASAP. 700m?? so tempting!

I think once you are enlightened about Tbills, such can hardly happen to you.
How was the fund pulled out from the account or was it cash transaction (which I doubt).
The debit account should reflect purpose of transaction.
Godakpan also gave a good suggestion above.

May 2018 offer rate

This month the rate reduced by 1.27

2years - 9.48% per annum
3years - 10.48% per annum