Home Investing Fixed Income

Fixed Income

Investing Tips and Recommendations for investments in Treasury Bills, FGN Bonds, Stocks, Fixed Income Securities, Mutual Funds in Nigeria

Please find attached June 2017 FGN Savings Bond Offer Circular as published by the Debt Management Office (DMO). Summary of June 2017 Offer 2-Year FGN Savings Bond due June 14, 2019: 13.189% 3-Year FGN Savings Bond due June 14, 2020: 14.189% Opening Date: June 5, 2017 Closing Date: June 9, 2017 Settlement Date: June 14, 2017 ISSUER: Federal Government...
The Central Bank of Nigeria on Thursday released results of its latest treasury bills auction. As has been the case for weeks, it was fully subscribed and yields were, well, as expected. A 91-day treasury bills yield sold for 13.5%, while a 182 day bills sold for 17.1% A 364...
IBTC money market fund— Nigeria’s largest fund by assets, with N102.2 billion in assets as at May 5th, 2017—saw N9.7 billion in outflows over the week ending May 12th -the largest weekly outflow in the fund since 2009. Prior to this period and event, what was the largest weekly outflow...
Nairametrics| The Federal Government in March increased the minimum amount required to partake in its biweekly treasury bills auction from N10,000 to N50 million. This announcement means, retail investors can no longer participate in the primary market for treasury bills. In place of treasury bills, the government introduced the FGN...
Nairametrics| The Debt Management Office has announced a new round of FGN Savings Bond set for May 8 2017 and will close May 12 2017. The 2 year bond will be offered at an interest of 13.189% and 14.189% for a 3 year bond compared to 12.794% and 13.794%...
Nairametrics| Stanbic IBTC Asset Management has grown its assets by about 24% in the first quarter of 2017 to cement its position as Nigeria’s largest mutual fund company by asset. Assets under management stood at N107.4 billion as at March 31, 2017, up from N86.8 billion the previous year end....
Nairametrics| The Nigerian Government via the CBN has sold treasury bills worth over N242 billion in 90 days, 182 days and 364 day auctions respectively in its May 3rd 2017 auction. The CBN sold a total of N178 billion in 364 days tenor at a whopping interest rate of 18.8%...
Nairametrics| The yield on FBN Money Market fund rose to 17.21 percent on March 15th, the highest since 2013 when Quantitative Financial Analytics began monitoring the fund. That comes very close to the highest yield on offer by Stanbic IBTC Money market fund which stands at 17.6%. With inflation rate...
Nairametrics| The Debt Management Office on behalf of the Federal Government officially launched its FGN Savings Bond Issue on Monday, 13th of March 2017. The much-awaited bond issuance is targeted at retail investors. We have looked at details of the bonds and as typical do provide our readers information that...
Nairametrics| The Debt Management Office has released details of its debut FGN Saving Bonds. The Bond is expected to start trading today, March 13, 2016. Here are details of the bond offering   Federal Government National Savings Bond Offer Circular 2-Year FGN Savings Bond due March 22, 2019: 13.01% Opening Date: March 13, 2017 Closing...
The Central Bank of Nigeria announced that it had sold about N99 billion in Treasury Bills last week at an interest rate of about 18.3 %pa for a one year treasury bill. The CBN has been selling Treasury Bills at interest rates above 18% for one year dated bills since...
The Central Bank of Nigeria sold N99.12 billion worth of Treasury Bills on Wednesday. Here is the breakdown of the TB's sold and the interest rates investors will get from buying the bills. 3 Months Treasury Bills Amount sold - N24.44 billion Interest rates - 14% (14% IPA) 6 Months Treasury Bills Amount sold -...
Companies at the end of a reporting period may choose to declare dividends to its shareholders as part of the distribution of profits that it makes. Dividend is proposed by the board of directors of the company and approved by its shareholders at the AGM. Dividends can however be paid...
On this blog I preach a lot about investing. It is a habit everyone must inculcate and nurture as route to financial freedom. However, investing can also lead to financial ruin if you make the wrong choices. Here are examples of investment decisions that can lead to financial ruin. Speculating...
Nigeria's treasury bill yields fell across the board at an auction on Wednesday, compared with a previous sale on March 4, the central bank said Thursday. The CBN said it sold a total of around 167 billion naira ($840 million) of debt, less then the 447.81 billion naira worth of...
The stocks below will be marked down this September 2014 with dividend subsequently paid during the month or at a later date. This information is useful for intending buyers or sellers and holders of this stock.
Warren Buffet is a role model to a lot of value investors world wide and that is because of his consistency and ability to grow his company earnings for over 40 years. Many of his methods are included in his annual letters to his shareholders and interviews and from...
  Ebola virus has bitten hard on businesses in Nigeria and one industry which is bound to suffer the most is the hotel industry. Most hotels have complained of dwindling occupancy rates as most international visitors have had to cancel bookings especially for the month of September. Hotel occupancy rates...
Dividend yield is probably the most popular valuation metrics used in assessing the value of a stock. It relative simplicity is also akin to the way the formula is derived and its similarity with other ways of measuring return on investment. But are we actually calculating dividend yield the...
Guinness closed trading today at N168 losing 5% of its closing price, Tuesday of N173.5. This lowest the stock has traded since March 14, 2014 (this is a stock that was N297 July last year). Incidentally, this was the period when we bought the stock (we have since sold...
Since news broke about an American company investing in FTN Cocoa the share price has found a new attraction and this is now reflecting in its price. It's funny how a stock suddenly gains prominence after being in the cooler for years with little or no activity. FTN Cocoa...
Caverton closed trading today dropping 4.6% to close at N4.77, a 3 month low for the company. The stock has been under N6 for most of August and is yet to get anywhere close to its listing price of N9.50. The stock is looking like a bargain stock at...
Union Bank topped the gainers list today as the stock gained 10% at the close of trading today. 1 million units of the stock exchanged hands at a price of N9.42. Could this be because some people are positioning themselves for some big news from the company? See the...
Imagine having basically flat returns between January and June 2014 and then bang!! the stock is up 300% in a little over two months. This particular stock also is yet to release any result nor has it even released any earnings forecast yet it appears to be the stock...
Investors in the Nigerian Stock market often check prices of stocks at the close of trading everyday. The information is published in a price list published daily by the NSE. It is used daily by thousands of investors to measure the value of shares. But how is that price...
The Federal Government on Monday said it had opened up the transmission arm of the power sector to private investors. The power transmission arm is being run by the Transmission Company of Nigeria, which is being managed by Manitoba Hydro International, a Canadian firm with expertise in the management of...