mickky22:
Goodday honourable investors.

This is my first time investing in CP.

Please I will like to clarify something, if should invest 5m for 90days...those it means I get interest of 650k.

Please senior investors your contributions will be greatly appreciated.

Thanks

U are likely to get #162,054.
For 91 or three months.

Emumakpo:
NB commercial paper rate

What is the difference between discount rate and implied yield?

mickky22:
Goodday honourable investors.

This is my first time investing in CP.

Please I will like to clarify something, if should invest 5m for 90days...those it means I get interest of 650k.

Please senior investors your contributions will be greatly appreciated.

Thanks

You will get about N157,398.75 for the 90days.

Foodempire:


It's my first time too and i subscribed through fbnquest likewise but yet to receive any acknowledgement from them even after writing them a mail. I checked my CSCS statement today but nothing listed yet. Anyone with info on how this work?

Once the auction date has passed like a week. If you do not see your proof of investment or certificate, you can only come here for allotment confirmation; to be sure they have commenced allotment. The next thing to do after is to start mailing the the issuing house you used requesting for proof that is all.

Wakemeup:
Got an email from Afrinvest for commercial paper for daraju investment Ltd. I haven never done CP before only Tbills. Any advice fam?

Got Coronation Merchant Bank on Daraju. Then got for Afrinvest on NB & DLM.

Ops- please can you share the details of the DML CP
Thank you

freeman67:


Got Coronation Merchant Bank on Daraju. Then got for Afrinvest on NB & DLM.

ibechris:




U are likely to get #162,054.
For 91 or three months.

Thanks sir

freeman67:




You will get about N157,398.75 for the 90days.

Thanks sir

Wapgod:
Anything ARM run for your life.
They made me lose significant amount of money and i am still losing significant amount of money.
They made me go into depression at some point in the past years.
I won't say more than that.

Seriously? Surprised to see this.

Not holding brief for them, but it might be the particular fund type (ie equity based).

Abeg any idea what the rates of this week's auction was?

CC skydiver01

Wapgod:

What is the difference between discount rate and implied yield?

These things are traded on the secondary market so you use the latest price to calculate the yield to maturity of the paper.

Taking that price into consideration, the yield is the return (expressed on an annualized basis) you as an investor would be earning if you bought today.

Hope it helps.

bjtinz:


Seriously? Surprised to see this.

Not holding brief for them, but it might be the particular fund type (ie equity based).

I don't want to be specific about the numerous problems I encountered as their client so as not to reveal my identity.
But they are very much complicit.
A word is enough for the wise.

yinkaoke:
Ops- please can you share the details of the DML CP
Thank you

Here is it.

I went to first bank today...I was told CBN no longer allowed individual to invest in TBill anymore except cooperate bodies

How true is this

Latestreport1:
I went to first bank today...I was told CBN no longer allowed individual to invest in TBill anymore except cooperate bodies

How true is this

False, you met the wrong person or went to the wrong branch of the bank.

Taught as much, because I also went to unity bank they said same thing.
I had to go to Polaris bank and I was told the next TBill will be available on 23 January for both individual and cooperate

Latestreport1:
Taught as much, because I also went to unity bank they said same thing.
I had to go to Polaris bank and I was told the next TBill will be available on 23 January for both individual and cooperate

That's the right thing

Latestreport1:
Taught as much, because I also went to unity bank they said same thing.
I had to go to Polaris bank and I was told the next TBill will be available on 23 January for both individual and cooperate

How much do you want to invest?
It might be a definite factor in the way you are treated.
While the above is a factor.
Follow this instruction:
Visit the Firstbank Headquarters on marina street in lagos state and ask about the treasury bills department/unit.
You will be directed there and you can then proceed on your investment transaction

Wapgod:

How much do you want to invest?
It might be a definite factor in the way you are treated.
While the above is a factor.
Follow this instruction:
Visit the Firstbank Headquarters on marina street in lagos state and ask about the treasury bills department/unit.
You will be directed there and you can then proceed on your investment transaction

True. If he had about 50M whether cooperate or individual he will be attended as he should.

In Abuja the main branch is at Commassie House, Central Area. When I was a regular in TB, that's where I get it easier.

freeman67:


True. If he had about 50M whether cooperate or individual he will be attended as he should.

In Abuja the main branch is at Commassie House, Central Area. When I was a regular in TB, that's where I get it easier.

Can I send a pm sir ?

Wapgod:

How much do you want to invest?
It might be a definite factor in the way you are treated.
While the above is a factor.
Follow this instruction:
Visit the Firstbank Headquarters on marina street in lagos state and ask about the treasury bills department/unit.
You will be directed there and you can then proceed on your investment transaction

2million
When I ask him about Fixed deposit and TB he was discouraging me, saying Fixed deposit is less that 3 percent TB 100m above.

Maybe I met the wrong person, because he was trying to convince me to invest on Sanlem insurance with 5% yearly. 100k interest on 2million.

Kindly find below.

bjtinz:
Abeg any idea what the rates of this week's auction was?

CC skydiver01

Latestreport1:
2million
When I ask him about Fixed deposit and TB he was discouraging me, saying Fixed deposit is less that 3 percent TB 100m above.

Maybe I met the wrong person, because he was trying to convince me to invest on Sanlem insurance with 5% yearly. 100k interest on 2million.

You obviously met a wrong person who was more interested in selling a different investment plan, maybe for a commission or referral bonus.

bfn1:

You obviously met a wrong person who was more interested in selling a different investment plan, maybe for a commission or referral bonus.

Yes, you are right

Soleye24:


Can I send a pm sir ?

PM about/on what sir?

Latestreport1:




2million
When I ask him about Fixed deposit and TB he was discouraging me, saying Fixed deposit is less that 3 percent TB 100m above.

Maybe I met the wrong person, because he was trying to convince me to invest on Sanlem insurance with 5% yearly. 100k interest on 2million.

Maybe you met someone from their insurance arm. You know they always hang around within the bank branches looking for who to corner and convince to invest in insurance.

A normal banker would want to convince you too but theirs will be to invest in fixed/term deposit. However, there is an officer usually dedicated for TB and bond matters in First Bank except if things have changed. If it hasn't, that Officer is the one to give you all the right information needed. Including contacting colleagues in other branches and higher offices if he is not sure.

skydiver01:
Kindly find below.

Thanks so much chief.

Foodempire:


Thanks a bunch, I've received the allotment letter but wonder why it's yet to be listed on my CSCS, hopefully soon.

same here with me. I also received an allotment letter but it hasn't still reflected on my trading account statement.

Hello Guys,

Please, does anyone know any low-risk investment (maybe a very trusted fintech app or something) platform in Nigeria that can pay up to 15%PA returns?

House
- can I get a deposit account details for fbn quest Money market fund
can I get a deposit account details for arm Money market fund

iamrichiefola:
Hello Guys,

Please, does anyone know any low-risk investment (maybe a very trusted fintech app or something) platform in Nigeria that can pay up to 15%PA returns?

Risevest