Akin3891:


Radarada, so people gat know say i wan invest in tbs, investment that ought to be private, now you will have to bring someone along each time you want to invest your hard earned money, like a kid that doesn't know his right from left ,this is so annoying. If my wife can't follow me down to the bank, so no tbs investments for me .i know banks are trying so hard to deter customers from investing in tbs,so they can lure you to do their own meagre fixed deposit. The new cbn policies on OMO is giving them new wings, forgetting that tbs investors are damn educated n can read in between the lines. Also, there is no how secondary markets will be scrap, how abt those that want to auction their tbs before maturity, who is going to buy from them? I know all these shakara from banks will pass soon, when they realize that investors stand their ground n even lecture them the difference between OMO n FG tbs.

I hope you know that banks also invested in tbills. It will be a good advantage for them to buy off from people that wants to sell prematurely in the secondary market and not sell it to individuals. Its not that there is no secondary market on going oo but the banks are buying it up since they have excess liquidity because people will always sell Tbills prematurely due to unforeseen financial obligations that just popped up.

LieDetector:
I have no idea about this TB stuff but I'm really interested in learning the ropes and investing little. Please how does it work?

skyangel
Barrytone
Fyabdul

You are in the right forum but you will help us to help you by reading few pages here especially from the beginning then ask us anything pertaining to tbills that you still didnt understand. You are welcome.

Out from zenith they cannot explain why my tbills did not go through Please does anyone have same experience with zenith

Dear Valued Investor,


In the past two weeks the CBN has sent out a number of circulars regarding the modality of OMO auctions going forward.


To begin this discussion, we feel the need to first explain what an Open Market Operation (OMO) is. Going back to basic economics, it is simply a tool with which the monetary authority (CBN) uses to regulate the supply of money available in the economy or to regulate the supply of money that is on deposit in Nigerian banks. Going by this definition, an OMO auction should traditionally be between the Central Bank and the banks it regulates, in a bid to control money in circulation. However, other classes of investors, other than banks have been allowed to participate in the auctions, prior to the CBN’s circulars.


Now, these circulars released by the CBN have addressed various aspects of OMO participation:
1. The first circular which was released upper Friday required banks to be adequately funded ahead of the OMO auction result, which we believe was to help curb the appearance of padded demand at the OMO auctions.
2. The second circular prohibited bank customers with loans from participating in OMO and Treasury Bill auctions.
3. The third and fourth circulars which were the most important ones, effectively barred access to the local investor universe (Corporates, Individuals, Pension Fund Administrators, Asset Managers, Insurance companies etc) from participation in either the primary or secondary market of OMO bills. However, not excluding Foreign corporates and Commercial banks.

This means that the apex bank is telling all excluded parties to go and play in other asset classes (e.g T-Bills or bank placements), as a means of managing any short term liquidity needs . We opine that the raft of circulars from the CBN, point to its continued attempts to put a lid on the high interest expenses on the CBN’s balance sheet, associated with these OMO bills in the era when it was offering elevated interest rates to whet the appetite of Foreign Portfolio Investors (FPIs), in order to support FX reserves.


What Happens Now?


In the run up to Q4 2019, a major concern across the domestic fixed income market was how the CBN was going to handle the deluge of liquidity from maturing OMO bills. Between October 2019 – February 2020, scheduled OMO bill maturities are in the range of N7-N8trillion. So what is going to happen to all that liquidity?


In the near term, the impact of the OMO ban on local investors could play out in three folds:
· Firstly, it will drive a price rally (significant drop in yields) across debt instruments, as excess demand from building local liquidity chases the thin supply of available T-Bills.
· Secondly, the sudden closure of the large OMO bill market would lead into a drop in trading volumes across the front end of the NGN yield curve.
· Lastly, local investors would look to chase longer duration T-bills and would essentially sell off positions in short term T-bills.

Going forward, as more OMO bills mature (November – N1.45trillion and December N2.7trillion), excluded investors would have to find new outlets to pack these monies into, including:
1. Treasury bills – which we already mentioned is significantly smaller than the OMO market, advertently leading to further yield compression. We spotlight that at the T-Bill auction yesterday, the DMO sold N28.02billion, N10.62billion and N93.92billion of the 91-day, 182-day and 364-day bill respectively. The respective stop rates declined by 131bps, 55bps and 144bps to 9.49%, 10.45% and 11.50%, compared to the last auction.
2. FX – which could exert pressure on the Naira.
3. Bank deposits – the excess demand could also apply some downward pressure on deposit rates.
4. Equities – We have continued to spotlight the attractiveness of the equities market (down 16.29% YtD). Despite their recent apathy towards the local bourse, PFAs and other fund annuity fund managers may have no option but to reallocate funds in to the equities market, as opposed to T-Bills that would go well below inflation rate (11.24% y/y as at September 2019 versus 1yr T-Bill at 11.50%). On that note, our top picks remain DANGCEM, GUARANTY, MTN, SEPLAT, NESTLE, UBA, UNILEVER & ZENITHBANK.
5. Individuals and some corporates could also look to invest in money market funds like Abacus Money Market Fund currently offering 11.50% p.a






Warm regards,
Investment Management & Research
Research@investment- one.com

I have finally found this thread. Let me start reading from page 1

zamirikpo:
@freeman67, ii understand ur point but u left the substance and u are focusing on a little phrase.

Whether the rich spend there money extravagantly or not the point @ahiboilandgas was stressing is that they are mostly I'll gotten wealth.

Ur arguement sef should centre on whether dangote is legit or not. The federal govt made him rich by enacting policies that favoured him. How will u be the sole supplier of some commodities in Nigeria and not become rich. U remember what they did to ibeto.

For me, I am definitely going to be rich legitimately. I started early and am going global. by his grace, I will succeed.

My mentor is money.

You kidding?

zamirikpo:


TB cannot stop, our govt runs on deficit....and p
Even the budget is drawn with projections on borrowing locally and internationally.



No fear .

My own is those people calling fraudsters smart people UNA WELL DONE OOH. See whether ur mumu sense has landed us.

You know Nigerian Government very well. Do you work in the government?

Hello house my maturity date is today 31/10 with FBN up till now have not received any alart

Please can you explain this?

I mean how 11% becomes 12.3%, like how is it calculated.

partnerbizn3:


Is i invest interest paid upfront?

If no, then their interest is not high as such because true yield of 11% Tb is 12.3.

Good evening house, please I have a tb running till 19th January but there it's financial obligations which needs my urgent attention,so I planning to terminate the bills.What will be my return if I terminate it by 4th of November, my interest is paid upfront.Capital is 1m,Rate is 13.2% tenor is 364days

ahiboilandgas:
It seems most wealthy Nigerians earn their wealth from shady foundation,I use to dream of becoming rich and look up to some mentors but lately am very disappointed,I used I wonder what sort of bussiness the like of e money,mompha ,iventus obi do to earn such huge money that they can afford cars wort 400k dollars ...

Dude go and make money and stop wondering how the likes of emoney got rich. It is not your job to ponder over the reasons people choose to buy watches of sixty million dollars. The time you would have used to come up with ideas on how to make your own money to buy a 400,000 dollar car, you are spending that time complaining about how another man chooses to spend his own money. Make your own money and spend it the way it pleases you. Just my two cents.

[quote author=seye4nii post=83629789]Hello house my maturity date is today 31/10 with FBN up till now have not received any alart [/quote

Money is definitely in your account, fbn dont alert on tbills. Check your account and revert back here

Nnamz:

Dude go and make money and stop wondering how the likes of emoney got rich. It is not your job to ponder over the reasons people choose to buy watches of sixty million dollars. The time you would have used to come up with ideas on how to make your own money to buy a 400,000 dollar car, you are spending that time complaining about how another man chooses to spend his own money. Make your own money and spend it the way it pleases you. Just my two cents.

scaming people is not a way ...we must shame them misleading Nigeria youths wealth without work..obinane ,mompha,B naira ,all those idoits

[quote author=Barrytone post=83630334][/quote]
I have check my account nothing is not there

[quote author=Barrytone post=83630334][/quote]
I even called first contact 20 minutes ago they told me by the end of today

seye4nii:

I have check my account nothing is not there

Got mine by 10am, sorry for the delay. Its unusual sha

Allow me to quote figures for the first time

Cos I don't understand what is happening with this NTB .

I applied on Monday for wednesdays auctions(primary market) , face value 10m...

Just now,i got debited 3.6m(instead of 8.8m). I immediattely called my account officer and she said the primary market kiini was PRORATED. Less than 50% was taken from every investor..

I have never experienced a thing like this before.

Any ideas.

zamirikpo:
Allow me to quote figures for the first time

Cos I don't understand what is happening with this NTB .

I applied on Monday for wednesdays auctions(primary market) , face value 10m...

Just now,i got debited 3.6m(instead of 8.8m). I immediattely called my account officer and she said the primary market kiini was PRORATED. Less than 50% was taken from every investor..

I have never experienced a thing like this before.

Any ideas.

yes I expirence it,instead of inventors lossing out the share for everbody ...try secondary markets

ahiboilandgas:
scaming people is not a way ...

Now you have labelled them "scammers". You wrote here yourself that you do not know how they make their money for them to spend it on expensive cars and wristwatches. Like I said to my younger brother when he brought up the subject of how Hushpuppi makes his money (the guy is a millionaire in dollars but till tomorrow NOBODY can attest to the source of his wealth), don't worry about Hushpuppi. Rather worry about making your own money, even more than this hushpuppi who in my opinion is broke (em get 1 billion dollars? Then he's broke!) Again, my two cents

Hi everyone!!!
My interest is yet to be paid and money hasn't been returned. I'm tired of checking my balance. Is this normal??
How am I sure if it went through or not?

I am not just happy with what is happening to our TBills. See where our greeds have led us now. It seems TBills don dey cast small small.
What are they prorating in TBills? I am not just happy. Where to go again? Eurobonds sef no be am, I transferred 13k$, my bank charged me 135$ just to invest in Eurobonds. Withdrew 7k$, they charged me 3.5$; It's like keeping money in Dom account does not worth it. It is too expensive to maintain and naira has been very stabled for almost one and half years now.

Where should we invest now?
Any available bond or commercial paper?

Oh my sweet treasury bills is turning sour.

Barrytone:


Got mine by 10am, sorry for the delay. Its unusual sha

which bank please?

Nnamz:

Now you have labelled them "scammers". You wrote here yourself that you do not know how they make their money for them to spend it on expensive cars and wristwatches. Like I said to my younger brother when he brought up the subject of how Hushpuppi makes his money (the guy is a millionaire in dollars but till tomorrow NOBODY can attest to the source of his wealth), don't worry about Hushpuppi. Rather worry about making your own money, even more than this hushpuppi who in my opinion is broke (em get 1 billion dollars? Then he's broke!) Again, my two cents

I really don't know what u are talking about what you mean ,I have enough in my brain already transporting 15m litre annually na how to get vessel dey my head now not Instagram clowns bye

zamirikpo:
Allow me to quote figures for the first time

Cos I don't understand what is happening with this NTB .

I applied on Monday for wednesdays auctions(primary market) , face value 10m...

Just now,i got debited 3.6m(instead of 8.8m). I immediattely called my account officer and she said the primary market kiini was PRORATED. Less than 50% was taken from every investor..

I have never experienced a thing like this before.

Any ideas.

Yes i experienced same. Stanbic. Was shocked at first as I thought it was a mistake on their part. Now my fears have been allayed. But it would have been best to not process than prorate. Things are truly changing.
Anyways would check on the secondary mkt 2moro for rates.

9galen217:


Yes i experienced same. Stanbic. Was shocked at first as I thought it was a mistake on their part. Now my fears have been allayed. But it would have been best to not process than prorate. Things are truly changing.
Anyways would check on the secondary mkt 2moro for rates.

Pls let's know how the secondary market goes tomorrow.

ahiboilandgas:
I really don't know what u are talking about what you mean ,I have enough in my brain already transporting 15m litre annually na how to get vessel dey my head now not Instagram clowns bye

That Instagram clown has more money that you would or could ever make in your life time (your past, current and future earnings combined together). My advice to you is, don't hate on rich people. As I always tell people, do you want to be rich someday? If your answer is yes, then why hate rich people if you're going to be one some day?

zamirikpo:
Allow me to quote figures for the first time

Cos I don't understand what is happening with this NTB .

I applied on Monday for wednesdays auctions(primary market) , face value 10m...

Just now,i got debited 3.6m(instead of 8.8m). I immediattely called my account officer and she said the primary market kiini was PRORATED. Less than 50% was taken from every investor..

I have never experienced a thing like this before.

Any ideas.

That is arrant nonsense. What right have they to prorate ur money in such a useless form. Are they not supposed to get ur consent before such?. Thanks for letting us know as am going to categorically state it, if the bid wont accept all my money then return it. Simple

Nnamz:

That Instagram clown has more money that you would or could ever make in your life time (your past, current and future earnings combined together). My advice to you is, don't hate on rich people. As I always tell people, do you want to be rich someday? If your answer is yes, then why hate rich people if you're going to be one some day?

Anybody that is still alive can make any amount. Why would you say a person cannot make certain money in his or her life time?

needful:


That is arrant nonsense. What right have they to prorate ur money in such a useless form. Are they not supposed to get ur consent before such?. Thanks for letting us know as am going to categorically state it, if the bid wont accept all my money then return it. Simple

It is very annoying.

Nnamz:

That Instagram clown has more money that you would or could ever make in your life time (your past, current and future earnings combined together). My advice to you is, don't hate on rich people. As I always tell people, do you want to be rich someday? If your answer is yes, then why hate rich people if you're going to be one some day?

Why are you spewing thrash all day. No one is hating on the rich, if you must be rich, do so without violating the right of other human beings. There is dignity in labour, anyway, this faceless forum and cheap data has been you the gut to relate with people you can never stand in real life considering their financial worth. The person you are referring to is a businessman and pouring out his concern on others than you decided to look at it with the wrong perspective. People like you encourage fraudsters /scammers but their end is usually brutal. Take a cue from Bernie Madoff pls, he was sentenced to 99 years in prison while 2 of his children had to commit suicides. What is the essence of the ill gotten wealth then.