Izuogu1:
My fbn secondary market bills will expire tomorrow. Will I receive an alert same day?

No alert..
It will be drop in your account 2mr

fadamos:

No alert..
It will be drop in your account 2mr

ya..saw it. Thanks

Izuogu1:
ya..saw it. Thanks

Uwelcm

Headline inflation drops for 14th consecutive month... this will continue to put pressure on T-Bill rates; coupled with the fact that CBN is only rolling over a portion of maturing issuances.

The Consumer Price Index (CPI) which measures inflation increased by 13.34 percent (year-on-year) in March 2018. This fourteenth consecutive disinflation since January 2017 is 0.99 percent points less than the rate recorded in February 2018 (14.33) percent.
Increases were recorded in all COICOP divisions that yield the Headline Index.
On a month-on-month basis, the Headline index increased by 0.84 percent in March 2018, up by 0.05 percent points from the rate recorded in February.
The percentage change in the average composite CPI for the twelve month period ending March 2018 over the average of the CPI for the previous twelve month period was 15.60 percent, showing 0.33 percent point lower from 15.93 percent recorded in February 2018.
The Urban inflation rate eased by 13.75 percent (year-on-year) in March 2018 from 14.76 percent recorded in February, while the Rural inflation rate also eased by 12.99 percent in March 2018 from 13.96 percent in February.

Data source: National Bureau of Statistics

TB follows inflation rste

CBN Rakes N500b from OMO Auction Amid Cut in Stop Rates
https://www.businesspost.ng/2018/04/13/cbn-rakes-n500b-from-omo-auction-amid-cut-in-stop-rates/

https://guardian.ng/business-services/bitcoin-company-shocks-customers-disappears-with-millions/

TONY56:
https://guardian.ng/business-services/bitcoin-company-shocks-customers-disappears-with-millions/

10% per year is too small Naa!
But they loss 100% in 7days!

Greedy Nigerians.

I put 50k in the stock market in January.. Now it's 45k
I also put 50k in money market fund same January.. Now it's 53k

I wish I had put the 100k in tbills.. I would be rocking 15% profit or put it in mutual funds where it would have grown since January...

Am wiser... But I want to learn stock Shaa... it's safer than these HYIP schemes

RealityShot:
10% per year is too small Naa!
But they loss 100% in 7days!

Greedy Nigerians.

I put 50k in the stock market in January.. Now it's 45k
I also put 50k in money market fund same January.. Now it's 53k

I wish I had put the 100k in tbills.. I would be rocking 15% profit or put it in mutual funds where it would have grown since January...

Am wiser... But I want to learn stock Shaa... it's safer than these HYIP schemes

In my opinion, the stock market has its seasons. When the time is right, it won't be too difficult to get it right. For instance, Almost everyone who bought stocks in April last year, and sold off last January made significant gains, without much regards to the particular stocks they bought.

awesomeJ:


In my opinion, the stock market has its seasons. When the time is right, it won't be too difficult to get it right. For instance, Almost everyone who bought stocks in April last year, and sold off last January made significant gains, without much regards to the particular stocks they bought.

that's exactly why I want to learn it very well.
It is controllable to some extent.

RealityShot:
10% per year is too small Naa!
But they loss 100% in 7days!

Greedy Nigerians.

I put 50k in the stock market in January.. Now it's 45k
I also put 50k in money market fund same January.. Now it's 53k

I wish I had put the 100k in tbills.. I would be rocking 15% profit or put it in mutual funds where it would have grown since January...

Am wiser... But I want to learn stock Shaa... it's safer than these HYIP schemes

Coinsecure, an Indian cryptocurrency exchange, said nearly $3 million were stolen from its bitcoin wallet, the biggest reported so far in the country’s fledgling virtual currency market.

The theft is expected to further weaken trade in cryptocurrencies, which the government has likened to “Ponzi schemes” that offer unusually high returns to early investors.

Coinsecure, which has over 200,000 users trading on its platform daily, said that around 438 bitcoins, which were stored in a password-protected virtual wallet were siphoned off to an unknown destination on the internet after the details were leaked online.

“We regret to inform you that our bitcoin funds have been exposed and seem to have been siphoned out to an address that is outside our control,” the company said in a statement posted on its website.

https://uk.reuters.com/article/us-crypto-currencies-india/indias-coinsecure-exchange-says-3-million-worth-of-bitcoins-stolen-idUKKBN1HK0UQ

RealityShot:
10% per year is too small Naa!
But they loss 100% in 7days!

Greedy Nigerians.

I put 50k in the stock market in January.. Now it's 45k
I also put 50k in money market fund same January.. Now it's 53k

I wish I had put the 100k in tbills.. I would be rocking 15% profit or put it in mutual funds where it would have grown since January...

Am wiser... But I want to learn stock Shaa... it's safer than these HYIP schemes

I want to believe you didn't make a pass at crypto traders because those guys affected were affected because they used the services of a broker. If they had done it themselves they wouldn't have been crying.

Just so u know people are still making money in crypto despite the bearish season

Due to the dwindling rates both in TB and Money market funds in nigeria recently, am considering investing in the treasury bills or Money market funds of other African countries that offer better returns in terms of rate. Has anyone tried that before; and what countries do we know that offers better rates other than Ghana?

pls share any knowledge you might have on how to go about this and potential ups and downs.

It's almost 2 weeks since my investment got matured. I 've contacted my Bank (FBN) both physically and electronically, but their response seems not to be coherent. What could be the problem?

Olarewajub:
It's almost 2 weeks since my investment got matured. I 've contacted my Bank (FBN) both physically and electronically, but their response seems not to be coherent. What could be the problem?

I hope you did not tick rollover principal and interest on the form they gave you. What is their response exactly?

ositadima1:


I hope you did not tick rollover principal and interest on the form they gave you. What is their response exactly?

I was told to wait until the next bidding date.

chukzyfcbb:
I want to believe you didn't make a pass at crypto traders because those guys affected were affected because they used the services of a broker. If they had done it themselves they wouldn't have been crying.

Just so u know people are still making money in crypto despite the bearish season

well "broker" or hmmm...
It's the HYIP that they went in for not CRYPTOS.

Do they care about how crypto work? Nope!
Just the gains.. Now that's the greed!

I have no beef with crypto traders. They have the risk appetite so it's no different from forex trading.

Olarewajub:


I was told to wait until the next bidding date.

better go and fill the forms for next bidding on Monday otherwise buy from secondary market. Don't let your funds lie fallow for even 2weeks

CBN Sells N500 Treasury Bills Via OMO in Five Days
https://www.businesspost.ng/2018/04/15/cbn-sells-n500-treasury-bills-via-omo-in-five-days/

Money Market Rates Trend Lower on Improved System Liquidity
https://www.businesspost.ng/2018/04/15/money-market-rates-trend-lower-on-improved-system-liquidity/

BENARI:
Due to the dwindling rates both in TB and Money market funds in nigeria recently, am considering investing in the treasury bills or Money market funds of other African countries that offer better returns in terms of rate. Has anyone tried that before; and what countries do we know that offers better rates other than Ghana?

pls share any knowledge you might have on how to go about this and potential ups and downs.

One sure thing to watch out for is the currency volatility.

For instance, 1 cedi is currently about #80.

So if you take 8m to Ghana to buy their bills at 20% yield, your capital would be 100,000 cedis, which amounts to 120,000 after a year.

However, if after that 1 year, the exchange rate has become #60 to 1 cedi, you'll be coming back with 7.2m versus 9.2m that you would have made if you stuck with our own 15% yield.

However, if you're sure this exchange rate risk isn't very likely, I think you can approach Ecobank. Since they are pan African, they should be licensed to trade Ghanian T-bills.

The naira/cedi rate seems to have been relatively stable though over the past year, and the little volatility seems to be in favour of the cedi. Should the trend continue, then it'll be a smart move.

awesomeJ:


One sure thing to watch out for is the currency volatility.

For instance, 1 cedi is currently about #80.

So if you take 8m to Ghana to buy their bills at 20% yield, your capital would be 100,000 cedis, which amounts to 120,000 after a year.

However, if after that 1 year, the exchange rate has become #60 to 1 cedi, you'll be coming back with 7.2m versus 9.2m that you would have made if you stuck with our own 15% yield.

However, if you're sure this exchange rate risk isn't very likely, I think you can approach Ecobank. Since they are pan African, they should be licensed to trade Ghanian T-bills.

The naira/cedi rate seems to have been relatively stable though over the past year, and the little volatility seems to be in favour of the cedi. Should the trend continue, then it'll be a smart move.

Well said, thanks.

Hello everyone
Does Stanbic have the reinvest interest option for their Tbills?

awesomeJ:


One sure thing to watch out for is the currency volatility.

For instance, 1 cedi is currently about #80.

So if you take 8m to Ghana to buy their bills at 20% yield, your capital would be 100,000 cedis, which amounts to 120,000 after a year.

However, if after that 1 year, the exchange rate has become #60 to 1 cedi, you'll be coming back with 7.2m versus 9.2m that you would have made if you stuck with our own 15% yield.

However, if you're sure this exchange rate risk isn't very likely, I think you can approach Ecobank. Since they are pan African, they should be licensed to trade Ghanian T-bills.

The naira/cedi rate seems to have been relatively stable though over the past year, and the little volatility seems to be in favour of the cedi. Should the trend continue, then it'll be a smart move.

true but about 3yrs ago when I made research on Ghana's Tbills I discovered that it wasn't open to foreigners. I don't know if that policy has been changed now.

chukzyfcbb:

true but about 3yrs ago when I made research on Ghana's Tbills I discovered that it wasn't open to foreigners. I don't know if that policy has been changed now.

I think Kenya's too is that way. Not open to foreigners. The subscription rates for bills is often low, yet discounts are high with their currency being among the best in Africa.

Best place to be

I would be going to the bank tomorrow to purchase T-bills. Do you think that a bid of 13% will be successful based on recent rates?

Ifelove1:
I would be going to the bank tomorrow to purchase T-bills. Do you think that a bid of 13% will be successful based on recent rates?

Will you be bidding tomorrow? No you won't.

The available rates will be shown to you, 13% may be hard to come by, but you should get above 12.5% for tenors above 180days sir.

awesomeJ:

I think Kenya's too is that way. Not open to foreigners. The subscription rates for bills is often low, yet discounts are high with their currency being among the best in Africa.

How about we do some more research on this. From my findings, the best rates for money instruments are found mostly in Africa.

Other than TB, We can look at bonds as well. Most Bonds are denominated in Dollar and Euro. That is usually open to foreigners I want to believe. The bonds offer one very important advantage; it's shielded from domestic currency fluctuations. The disadvantage though is that the rates are lower. In Nigeria for example, the eurobond is around 7 to 8%, almost have the TB rate. During times of currency fluctuation however, it is a safer choice given that currencies in Africa tend to rally negatively against western currencies.

So let the research begin and let's see what we can come up with.

awesomeJ:

Will you be bidding tomorrow? No you won't.

The available rates will be shown to you, 13% may be hard to come by, but you should get above 12.5% for tenors above 180days sir.

Wow.... Thanks.
Please I don't understand what you mean by I won't be bidding tomorrow. Do you mean if I go tomorrow, I will still need to go on Wednesday? Can you please send more light on the issue?

BENARI:


How about we do some more research on this. From my findings, the best rates for money instruments are found mostly in Africa.

Other than TB, We can look at bonds as well. Most Bonds are denominated in Dollar and Euro. That is usually open to foreigners I want to believe. The bonds offer one very important advantage; it's shielded from domestic currency fluctuations. The disadvantage though is that the rates are lower. In Nigeria for example, the eurobond is around 7 to 8%, almost have the TB rate. During times of currency fluctuation however, it is a safer choice given that currencies in Africa tend to rally negatively against western currencies.

So let the research begin and let's see what we can come up with.

I totally agree with every suggestion/point you've made.

We should research more on investment vehicles available across Africa.
Eurobonds are great hedges against currency fluctuations.
I don't really think anyone should keep idle funds in their dorm accounts, when those funds could be earning. The FMDQ provides secondary market for some of those bonds too, making it possible to terminate prematurely if you want. I however don't know what the investment threshold is.

Like I said, I appreciate every point you've made. Thank you.

Ifelove1:
Wow.... Thanks.
Please I don't understand what you mean by I won't be bidding tomorrow. Do you mean if I go tomorrow, I will still need to go on Wednesday? Can you please send more light on the issue?

What I mean is:
When you go the bank tomorrow, you won't have to bid as you will be buying from the secondary market. Bids only happen at the primary market auctions, the next of which is scheduled for this week's Wednesday.

Except, what you meant in your original post is that you're going to place a bid/an instruction tomorrow for the upcoming Wednesday auction.

If that's the case, then kindly forgive my taking your post out of context. It must have been that phrase " to buy T-bills tomorrow"

awesomeJ:


What I mean is:
When you go the bank tomorrow, you won't have to bid as you will be buying from the secondary market. Bids only happen at the primary market auctions, the next of which is scheduled for this week's Wednesday.

Except, what you meant in your original post is that you're going to place a bid/an instruction tomorrow for the upcoming Wednesday auction.

If that's the case, then kindly forgive my taking your post out of context. It must have been that phrase " to buy T-bills tomorrow"

Okay, I understand now. Thank you very much.