NewStats: 3,264,120 , 8,182,686 topics. Date: Monday, 09 June 2025 at 06:57 PM 5f4p25

zamirikpo:


U r right abt the true yield but that is only clearly enjoyed if reinvesting your interest. I need a certain sum to divest and that sum will be from my upfront interest which I have not been able to get becos I've been waiting for just 13%.

Out of vex I applied for the last auctions but it didn't work at stanbic for 364days.

Really confused.

Sir, true yield is enjoyed on every T-bill investment o, regardless of whether you are reinvesting interest or not.

If someone buys 1m worth at 15%.

If he takes his his 150k interest upfront,

His true RoI =150k/850k = 17.6%

If he reinvests, He gets about 1,176,000 on maturity. His RoI = 176k/1m still 17.6%.

The fact that the bills are sold at a discount is what makes for a higher true yield, and not necessarily the fact that interests are reinvested.

I hope that your money is not just idling around o. It'll be good you fix it in an MMF or some ridiculously cheap stocks than just let returns go unearned.

zamirikpo:


Bros am just tired......the thing should just hit 13 at least....

Looking at the discount rate alone is detive

364days at 12.5% is effectively 14.29%

14.3% is still manageable for now.

As things are now, It's more likely to go a little lower than it is to trend higher.


High rates too have their own disadvantage.

imagine, in 2018, say the total money supply in the system was about N40trn.

OMO interests topped N 2trn, FG's local debt service also neared N 2trn.

Those two artificial monies alone have diluted the system by close to 10%.

The funny thing is less than 0.5% of the population benefit directly from these artificial monies created, while banks' balance sheet keep getting fat from them.

From about N5trn in 2017, The largest bank by asset may reach N 7trn this year.

Brent also closed above $70 all week long.

12-13% may be the rates level for quite a while-till Q3 end at least.

There's basically no pressure on the CBN to push higher.

If you're keeping your cash in wait for a hike in rates, I'd say-Time to restrategize!

pocohantas:


I wish I cared about your opinion though.

I think you should read previous pages on the thread, you'd find that your posts are not very much in line with the pattern here.

Of the several posts you've made lately on here, I don't think there's anything anyone can point to as having been informed about.

I'd suggest you just learn the discussion pattern here first so you can be guided accordingly as regards your posts.

rebekah2011:
My RSA will grow.

OBAGADAFFI:


Yes o,

Including IBTC Money Market fund

rebekah2011:
My RSA will grow.

@ Rebekah, it's the ASSET management not the PENSION management o. So no effect on pension.

@OBAGADAFFI, Equity fund, Guaranteed investment fund, ethical fund, aggressive fund, and maybe bond fund. Those are their funds that have equity exposure. Zero effect on MMF.


However, one easy way to profit from this MTN rally would be to buy their equity fund. Only issue is you won't be able to cash out before 90 days, erstwhile you forgo 2% of your capital.

Reserves now at $45bn!
https://www.cbn.gov.ng/intops/Reserve.asp

OBAGADAFFI:


They are not likely to crash it, if they dont issue more shares.

So for 2018,
Gross earnings N1.04trn
EBITDA N453bn
But PAT eventually dipped to just N109bn

on the back of:
Depreciation : N 150bn
NCC fine N 110 bn
Net Fin. cost N38bn
CI TAX N 45bn

So EPS is about N 5.4

80% payout gives about 430kobo per share.

At N90 listing price, DY is about 4.8%

When it reaches N180, DY will have been crashed to 2.4%, Whereas Zenith is now nearing 15%.

P.S

I used my head as calculator, so there may be approximation errors, but I'm sure, the figures are largely in line.

OBAGADAFFI:

must holders will hold till they issue more shares.

Or Till they crash MTNN DY to 5%, and raise ZENITH to 20%.

Chibuking81:

Those who force them are the one manipulating it. Mtn would have been better stay on their own, that coming to disorganize our market that is getting stabilize after the general election, market is moving one step up, two step down.

We should resist other listing by introduction, any one that fail to come in through IPO should stay clear.

But NOTORE listed by introduction too now.

Chibuking81:
Who on this platform has gotten even 1 unit of mtn share?. If no one has gotten, that means some serious illegality is going on, and both mtn , NSE, and SEC need to be sue to court. How can a stock be listed on the flour of NSE @#90, and for two consecutive trading section none of the ordinary shareholder participants has gotten one unit, and stock keep on closing on 10% on daily basis.

They should have giving them modality to make the share available for the first time at least 3 trading days, even if it mean creating additional share to accommodate new investors. Or get them going first through IPO, which will last for a week or two. This act of listing by introduction is purely scam.

Manipulation is seriously going on, from today market experience shows that various companies CEOs are grabbing their units through back door, massive sale off was witness in Nestle, GTB, Zenith etc, even in the FCMB that has CSL stockbroker as their subsidiary, offloaded heavily at #1.55 the last minutes of today trading, I believed that this has connection with getting money ready for Monday trading, I think since they are big stockbroking company they can easily get mtn stock on cross deal.

I place my buying order at about 9.40, and the order went through, but it didn't show in the bid line up, I placed another one and it didn't show also. When I refresh the bid box many times, I found out that nothing was added or removed, it appeared with the same figure from beginning to end of trading section, and my bid expired.

After they might have done pumping the price to their desired junction, they will look for whom to dump on. Anyway it's better we leave them, after they finish pumping the stock, they should also dump it on themselves.

So are we still going to sue them?

zamirikpo:


I totally agree with u.....so it's safe to say that things may remain relatively stable for now barring any sharp fluctuations in oil price.


Hmmmm....Naija

Yes sir. Oil will find above $60 though-by God's grace.

https://nairaland.unblockandhide.com/5184969/emefiele-smiles-buhari-congratulates-him

AwesomeJ...

is this good or great?

for me it means all is bad for Nigerians and Tbills rate not looking up at all


Emefiele and dollar pegging...hmm...

Which one? His smiles or his reappointment?

Do you mean is reappointment or currency management style is bad? (pegging?)


Whoever is calling for the floating of the currency is either joking or has ulterior motives.

Imagine if the CBN announces tomorrow morning that it would be ending its supplies and interventions at the FX market, and would be leaving the currency to fully float,

Do you think this month will end before dollar hits #450? maybe #1,000 by December. Then someone who's been planning to buy a $10,000 car to celebrate Christmas will realize that his money is only enough for a tricycle. Do you really think such a terrible situation is what helps the economy?

They argue that we should float to attract FPIs, just check the over subscriptions we've been having since January, are the FPIs not coming already?

It's only our equities market they seem to be abandoning, but by my estimates, less than 0.1% of the population trade actively enough to benefit from any strong market performance the the FPIs may induce.

When more than 80% of your goods and raw materials are locally produced, that's when you talk about floating, not that some ignorant politician will be talking about floating a currency when he probably missed or failed classes on basic Economics.

Meanwhile, reserves are breaking above $45bn this week, based on pattern observed on CBN's website.

Happy night rest to us all.

tritritri:




It got to 46 as of JAN 2018 and i made a kill on the nse.

U'all shd be smiling if he is retained but many nigerians will buy enuf t.b which might lead to futher drop in rate.

guess the big guns are aware he will be retained hence rate keep droppin due to excess liquidity.

IMO ..

modified : 4/25/2018 the reserve was sittin at $ 47B. AND and of today at 44B...

At $44.8bn, it's actually more like $45bn rather than 44.

I'd say a $2bn drop despite the December crash in oil prices, and the pre-election FPIs panic exit isn't so bad.


The way I see it is: $41bn in March, $44bn in May. $3bn gains in 2 months is healthy.

chigo4u:

No it will never. And for as long as Emefiele keeps stabilizing the naira artificially. I dont even think it will get to 70 not to talk of 100. Even 60 would be remarkable.

Never is a strong word.

You should only make assertions like that if you've already seen into the distant future.

Plus, we don't really need the pessimism now.

Agbaletu:

awesomeJ is a Prophet.
With this new development, I think I should convert my small Dollars to Naira and invest in Treasury Bills. Emefiele will keep Dollar at N360 for a very long time which is good for the economy, but very bad for me. Having bought over 20K$ at N400, It is high time I counted my losses and move on.
Nigeria = 1
Agbaletu = 0

Life goes on!

I guy the real loss is the interest you missed for almost 2 years. It's only necessary to let those funds start sweating it out for you sir.

chigo4u:
$100 billion dollar reserves will never happen lol

Sure it will sir.

chigo4u:
So the dollar is gonna remain stable @360 for another 5 years? Interesting

or even gain a little.

340 may happen.

But we want a $100bn dollar reserves first.

For those who trade oil futures, $70 is gonna turn a for the next few months.

joseph1013:
I cannot think of a single person whose life was made worse because they started requiring evidence for claims before accepting them as a core belief.

I wonder where we got the idea that believing things without evidence is a good thing?

I'll help you:

The thousands that have their lives cut abruptly cos they were too arrogant to get s spiritual covering;

The millions who die of incurable ailments when they could have been healed by faith;

The plenty more millions who suffer needs cos they don't know the God that makes one richly abound;

The billions who are now weeping and gnashing their teeth in agony in the underworld.

Those are folks whose lives are/have become worse for failing to accept the simplicity of faith.

From oil prices to stock prices to exchange rate and now to CBN governor.

Being spiritually powerful is awesome!

EMEFIELE IS INDEED STAYING FOR A SECOND TERM.



Before you start thinking it's coincidence, I made similar posts when oil dropped to $49 in December last year, and people thought the dollar would surge.


https://nairametrics.com/2019/05/09/cbns-godwin-emefiele-is-allegedly-returning-for-a-2nd-term/

Seun:

We didn't come from the apes that exist today, such as chimps and gorillas. We came from apes that existed a very long time ago: ancient apes. Modern apes such as chimpanzees and gorillas came from the same ancient apes. You won't ask such questions once you understand it.

It'd be better you replaced the "we came" with "I came"

You can claim your origin to a monkey, a pig or even a dog. it's your life.

But don't be silly thinking your ignorance accords you any right to make generalizations.

Obviously you're of a different human specie-the gorilla offspring type, that perhaps explains your funny thinking pattern. What more could one expect of a gorilla?

Seun:

Is it different, though? Let’s see what the Bible says in Leviticus 25:44-46

1) Your male and female slaves are to come from the nations around you; from them you may buy slaves.
2) You may also buy some of the temporary residents living among you and of their clans born in your country, and they will become your property.
3) You can bequeath them to your children as inherited property and you can make them slaves for life,


How is this better than slavery in America? The slaves came from foreign countries (mostly Africa) and were enslaved for life. Children born to those slaves were also enslaved for life. They were traded and ed on to children as property. So what was the difference?

You're just quoting one portion of scriptures without a complete understanding.

You make it sound as if God implied that the Israelites couldn't be bought as slaves because He considers them superior.


No. The only reason He said they couldn't be bought as slaves was cos He said they were already His own slaves. Not superiority. He wouldn't share them with anyone else.-Lev 25:42.

Meanwhile, you should modify the Bible chapter you quoted to 25. It' not 24.

The other issue of buying and ing on slaves is similar to buying, transferring and loaning out football players.

It wasn't anything inhumane, erstwhile the Bible wouldn't permit it.

Abraham was going to leave his entire estate to his slave. so they weren't treated badly as you presume.

Anyone who treated a slave badly at that time was only acting out his personal evil intentions and not any instruction from the Bible.

Seun:
How do you differentiate between a person ‘masquerading as an angel of light’ and a ‘real angel of light’?

Kind of like detecting a fake currency note from a genuine one.

You don't just have a shallow knowledge of the genuine note (I know there's Zik's image on it).

Shallow wouldn't cut it. You have to know the depths of all it's features.

Having equipped yourself with this right and adequate knowledge, then you proceed to subject the fake note or in this case, the masquerading angel to the right checks.

There's no way the spirit will all the test you put it through. if it does all, then in it infact isn't a masquerading but rather, a real angel.

Just like if a supposed fake note ends up ing all the right checks, it'll be logically concluded that the note isn't at all fake.

Seun:

How do you know that the spirit in you is the spirit of God and not a false spirit masquerading as the spirit of God, or just your imagination?

Simple.


How do you know it's the Spirit of God?

His promptings and leadings always conform to the Word and standards of God.


How do you know it's not just your imagination?

When the prompting or knowing is beyond what could have come about by human knowledge.

There are times however- and a lot too- when the leadings are from our own renewed minds as Christians. That also is very welcome.

When there was a severe drought in Gerar. There were two options Isaac had:

To migrate to Egypt- from his head

To stay, and actually cultivate a dry ground- God's spirit.

It would be clear to him that the latter could not have been his own imagination, because it makes absolutely no sense.

So distinguishing isn't really as hard as you may be imagining.

TotoNaRubber:
It is better to keep your dollar and probably convert 50 percent of it to Naira n invest in TB. Nigerian economy is in the biggest mess ever, they said the reserves is on $44 billion but Nigeria owe more than $70 billion in bonds, tb, sukuk etc

You should only mention the external component of the debt which currently stands at $25bn. Annual debt service cost is under $2bn.(for external debts)

Domestic debts are not a threat to exchange rate.

So it's actually $2bn debt service vs $44bn reserves.


The way you said $70bn debt with a $44bn reserves would paint a fairly inaccurate picture.

aremso:



your brother should not try such ooo many may not still know much about FO in my own opinion. It goes beyond surface paper analysis

That's what I'm saying now. If he buys and FO decides they're ploughing the sales proceeds to acquiring some assets or deleverage. No dividend. Market hears that and sends the stock price sub 20, Wouldn't that be high blood pressure?

laydap:


Dear House .. We should watch out for FO as something very positive may be on the way. With the proposed sale of the Upstream, Foreign and Power Businesses, these have been presented on the 2018 FYE Balance Sheet as ASSET CLASSIED FOR SALE at N91.7Billion and there is a N31.6Billion as the corresponding LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS CLASSIFED AS HELD FOR SALE. When the Sales are concluded, these give a NET of N60Billion which will surely go higher as the Balance sheet valuation is book value and market/sale value should exceed book value. The balance of this NET of N60Billion when the portion for Non-Controlling Interests are taken out leaves a very huge balance that will be attributable to Owners of the Company. Considering Femi is selling down his stakes in FO, then this NET attributable to Owners of the Company should be paid as SPECIAL DIVIDEND from sale of Assets. So we should be looking at a very major special dividend very very soon from FO which could be the highest dividend yield NSE will see in a long long while. If these sale has been concluded within Q1, then the special dividend could be announced with the Q1 result... N7/N10 or even a higher sum as Special dividend?

I will appreciate comments from my big Ogas in the house..

Buying in anticipation of this dividend is still trading on hope.

The way you've analysed it now, what if I convince my brother to sell his house, and even get an extra 50m facility from the bank to put on this stock. so that we buy at #25, and collect #10 dividend.

I think there may be other plans they'll have for those proceeds.


-pay special dividends
-deleverage
-acquire new assets

DOLLARTEX:
chams chai,76 million bids no single offer.chai!

Hope you didn't bail yet sha. Any expectation above 26k on this stock is risky. So if you ask me, I'd say exit at least half at that price early on Monday. Don't wait till market closed as it may close flat or lower.

Meanwhile that 76m bid is just about 13,000 units of NESTLE. so not really something huge

Brent now above $70.

needful:
Am tired, look what they paid today. They didnt pay me on the 3rd but jumped to 4th. See what I got on the 4th.

Mathematicians, help me calculate this things, because am tired already

Those figures in your snapshots (1770.78 and 1292.17) are not your daily interests o. On those stated dates (2nd April and 4th April) the fund bought some instruments, and those figures you saw as additional subscriptions are your portions of the interest the fund got from those investments.

so on the 3rd when it seemed like there wasn't any addition, it means they probably didn't buy any new assets.

The actual way to get your interest for the day would be to simply subtract your old balance from your current balance

5,560,292.56-5,558,503.76= 1,788.8.

Reserves eventually closed March at $44.43bn (up c $2.1bn)

Brent is only 50 cents shy of $70. ($69.50 at 10:20pm WAT)

aremso:
my inner mind warned me to bail out of uba with my gain yesterday that today would be bloody and i obeyed him, bailed out at 7.75 and the stock closed at 7.50 the ex div would be 6.85 and if market continue like this 6.50 is possible.

so UBA's markdown is tomorrow?

Except NESTLE reverses from this its 1400. The 30k may get broken tomorrow.
Imagine Nestle losing close to 12% in just 2 days

MonkeyHunter:



Just looked at Chams result again and the net cash on their books is N120k (after deducting the bank overdraft of N111.402m from Cash and cash equivalent). Implication is that they might need a loan of N150m to pay the proposed dividend.

imagine if one was trading solo without the beautiful insights of folks here. someone like me doesn't like reading so you're being of so much help digging out details such as this.

Kudos.