Agbaletu:

Keep us posted here when it happens, please.

pls check the cbn website is coming once a month mostly ...a guy bought at 15.6 for 7 years to enjoy steady rate I think awesome ...u can also trade when price drop it u bought at 15.6 and rate drop to 13 ....u gain this what the investment bank makes the kill u can also do ....if u hold to maturity u get steady rate all through

Agbaletu:

Unite4real is a Prophet, he saw it all, but we thought he had made a mistake by locking up his funds in Sukuk.

He said then that time will tell whether or not he made a mistake. Time is definitely proving him right now.

100 bn auction march 27 allocation march 29 ....rate up 13.9 for 2029 ....if u add up the rate drop and rate increase in tb over 10 years it will amount to the steady bond rate

Rate might even go to 9 if dangote refinary knock out the dollars demand for petrol ,palm oil is coming up rice out ,sugar almost out....the cbn wouldn't want to attract portfolio investor but manufacturing once

ahiboilandgas:
100 bn auction march 27 allocation march 29 ....rate up 13.9 for 2029 ....if u add up the rate drop and rate increase in tb over 10 years it will amount to the steady bond rate

Pls oga, if I call my bank and ask them about bond, will they respond? Or should I contact investment houses like Axamansard, stanbic or firstbank asset management.

Pls 10 yrs investment plan. Which is better TB or FGN Bond? Is FGN bond interest paid yearly too so you can re invest with it like TB or all paid once after 10 years.

Agbaletu:

Keep us posted here when it happens, please.

The SUKUK bond is not monthly. It's once a year. As soon as the content of the 2019 budget is unwrapped layer by layer, we will get an early signal. However, the yearly SUKUK sale may not happen in the months of March, June, September and December this year because of coupons cycle. Look out for months outside of these or watch this space for early information. This is for the lockdown guys. I must tell you that it's extremely easy to sell it on the exchange but difficult to buy as most holders are adamant to sell including me.

unite4real:


The SUKUK bond is not monthly. It's once a year. As soon as the content of the 2019 budget is unwrapped layer by layer, we will get an early signal. However, the yearly SUKUK sale may not happen in the months of March, June, September and December this year because of coupons cycle. Look out for months outside of these or watch this space for early information. This is for the lockdown guys. I must tell you that it's extremely easy to sell it on the exchange but difficult to buy as most holders are adamant to sell including me.

Where and which channel do you use to buy urs.

Reserves now above $44bn for the first time this year.
https://www.cbn.gov.ng/intops/Reserve.asp

awesomeJ:
Realityshot, I forgot to mention.

I want Emefiele to get a second term. I'd like for him to yet be there while we have the transition from an importer to an exporter of refined petroleum products.

Some folks had oil above $100 a barrel, there wasn't much they saved from it. instead we heard reports that as much as $20bn wasn't remitted by the NNPC.

these guys have done quite well with a $70 price regime. so i'd like to see what he'll do with the exchange rate, when fuel imports are no longer in the picture.

It's very likely he gets another term as I am trying to influence things in that direction.

that is true shaaa ... BUT...


THIS IS 4+4! NO 4+4+4


SO nepotism UNLEASHED

watch and see

tritritri:



capitalism ....
I will never hope or pray for my leaders to make error just because of my profit ...

if LOCKHEED MARTIN does it; who AM I not to do so?


yes, lockheed lobbys the USA yearly to fund their overly expensive defense projects WHICH everyone knows is HUGE mistake.

needful:


Where and which channel do you use to buy urs.

DMO on behalf of CBN has approved 2 financial advisors for the SUKUK road project. Lotus capital and FBN Merchant. You can also buy through one of the 7 placement banks among which is FBN, stanbic, zenith, unity, Jaiz, GTB and Sterling. I used Lotus capital because the banks will still have to send your forms to the financial advisors anyways. So better to deal direct.

awesomeJ:


I think average yield for this year may not exceed 14%.

We opened this month with $42.3bn in reserves. We're likely to end at $44.3bn or higher, so we can afford to be proud.

Oil prices are also behaving as you've mentioned.

Bonds and mutual funds are available alternatives for the risk averse. Some of us who are more aggressive love equities.


It's important that people take the advice here whenever it's stated that we lock up for long tenors.

I however acknowledge the fact that some of us who locked up earlier have new funds now that need to be placed.

Markets are in cycles

the last line na hope shaa...

see bond market aaaaaaaaa!!

Bond Auction | Scheduled 27th March,
2019
Issue on Offer/Summary
The Federal Government of Nigeria
(FGN), through the Debt Management
Office (DMO), will be conducting a
bond auction on Wednesday the 27th of
March 2019. The amount on offer is
expected to be within the range of
NGN90bn - NGN110bn. Both
instruments on offer are re-openings
and will be offered as shown below:
12.75% FGN APR 2023 (5-Yr Re-
opening) NGN45bn -
NGN55bn
13.98% FGN FEB 2028 (10-Yr Re-
opening) NGN45bn -
NGN55bn

Lending Rate Falls to 17.29% as T-Bills Market Trades Flat
https://businesspost.ng/2019/03/27/lending-rate-falls-to-17-29-as-t-bills-market-trades-flat/

chrisbaxtian:




I wonder where you copied this from?! a good portion of your posts are plagiarized without credit to the original authors!

Is it your plagiarism? Nigerians should learn to mind their business jor

awesomeJ:
Reserves now above $44bn for the first time this year.

https://www.cbn.gov.ng/intops/Reserve.asp

Dipoolowoo go vex for you o if you keep giving us updates here. Na em job be that

@united4real, wanted to find out what if one buys sukuk. From the secondary market and holding to maturity, because I bought recently from TRW. Stockbrokers,

unite4real:


DMO on behalf of CBN has approved 2 financial advisors for the SUKUK road project. Lotus capital and FBN Merchant. You can also buy through one of the 7 placement banks among which is FBN, stanbic, zenith, unity, Jaiz, GTB and Sterling. I used Lotus capital because the banks will still have to send your forms to the financial advisors anyways. So better to deal direct.

confluence:
@united4real, wanted to find out what if one buys sukuk. From the secondary market and holding to maturity, because I bought recently from TRW. Stockbrokers,

It's ok to buy from the secondary market through your stockbrokers and if u decide to hold to maturity then you enjoy your coupon at the initial published rate through out the term. However, because yields are generally low now, you may be buying the bond at a much higher price. If you are going to buy a bond at the secondary market, your focus should be on the yield and not the interest rate so as be guided properly

I disagree with you.

chrisbaxtian:




I wonder where you copied this from?! a good portion of your posts are plagiarized without credit to the original authors!

Thanks for the explanation

unite4real:


It's ok to buy from the secondary market through your stockbrokers and if u decide to hold to maturity then you enjoy your coupon at the initial published rate through out the term. However, because yields are generally low now, you may be buying the bond at a much higher price. If you are going to buy a bond at the secondary market, your focus should be on the yield and not the interest rate so as be guided properly

Pojomojo:
I disagree with you.

we both know that it is true.

You ONLY know. I do not know what you are talking about.

chrisbaxtian:



we both know that it is true.

Pojomojo:
You ONLY know. I do not know what you are talking about.

ok. let's leave it like that

until one day...

Good morning house, please which bank has the lowest charge when transferring money to USA via dorm account

RealityShot:
the last line na hope shaa...

see bond market aaaaaaaaa!!

Bond Auction | Scheduled 27th March,
2019
Issue on Offer/Summary
The Federal Government of Nigeria
(FGN), through the Debt Management
Office (DMO), will be conducting a
bond auction on Wednesday the 27th of
March 2019. The amount on offer is
expected to be within the range of
NGN90bn - NGN110bn. Both
instruments on offer are re-openings
and will be offered as shown below:
12.75% FGN APR 2023 (5-Yr Re-
opening) NGN45bn -
NGN55bn
13.98% FGN FEB 2028 (10-Yr Re-
opening) NGN45bn -
NGN55bn

Am sure bonds can be sold when I need my cash back but I don't know how easy that can be. But at this stage of my business life I can't lockdown huge funds for 10 yrs or even 5yrs. Esp at these low rates. I prefer to take my chances with TB, it gives me more control and easy access.

TB rates go up and come down , we are at a low right now but I am very sure the 364days tenure won't go below 10% before it begins to rise again. The sudden crash in rates for me isn't realistic, it isn't driven by sound policies or a growing economy, just some cow boys manipulating the system.

Until I see strong economic policies drive TB rates down , I stand with TB.

If u calculate the average rate on TB for the past 5yrs it equates to whatever the bonds offer.

Did you say eurobonds?Have you seen the interest rates on those things?

hmmmmmmmmmmmm......................

unite4real:


The SUKUK bond is not monthly. It's once a year. As soon as the content of the 2019 budget is unwrapped layer by layer, we will get an early signal. However, the yearly SUKUK sale may not happen in the months of March, June, September and December this year because of coupons cycle. Look out for months outside of these or watch this space for early information. This is for the lockdown guys. I must tell you that it's extremely easy to sell it on the exchange but difficult to buy as most holders are adamant to sell including me.

No his right. give credit to who eve wrote it.

Nnamz:

Is it your plagiarism? Nigerians should learn to mind their business jor

Can you set a day aside to give a sneek peek into this sukuk?

unite4real:


It's ok to buy from the secondary market through your stockbrokers and if u decide to hold to maturity then you enjoy your coupon at the initial published rate through out the term. However, because yields are generally low now, you may be buying the bond at a much higher price. If you are going to buy a bond at the secondary market, your focus should be on the yield and not the interest rate so as be guided properly

mayorteeny:
For anyone converting foreign currency to naira to invest in Treasury bills, how are you mitigating the risk of possible devaluation of the naira by the time your treasury bill investment matures?

Is there away to invest in Nigerian treasury bills in another currency (USD, GBP, EUR) other than naira?

Eurobond funds

awesomeJ:

spiritually.

Hahahahahahahha

Nice one.