The Banks

[hispy99]

AMCON Restructures N1 Trillion Loans, Articles | THISDAY LIVE

[hispy99]

Banks Yet to Resume Lending to Oil Marketers , Articles | THISDAY LIVE

[hispy99]

Should the House Strip CBN of Banking Supervisory Role?, Articles | THISDAY LIVE

[hispy99]

CBN revokes licences of 236 Bureaux de Change - The Punch - Nigeria's Most Widely Read Newspaper

[Joseph Adejumo]

Got information from NBS that inflation rose to 12.0 per cent year-on-year...

[knightofdelta]

Originally Posted by Joseph Adejumo

Got information from NBS that inflation rose to 12.0 per cent year-on-year...

It actually dropped to 12.0%. The stock market was trending down when the information was released by NBS and the market made a u-turn.

[Joseph Adejumo]

Yes actually dropped from 12.3% in November to 12%

[knightofdelta]

Originally Posted by Joseph Adejumo

Yes actually dropped from 12.3% in November to 12%

That is one of the reasons I remain bullish on equities at this time. Last year when equities went on a little run, I was not fully convinced because bond yields were pretty high at 16% and no matter how people buy equities, they will keep one eye on the bond market.

With yields just playing around inflation rate, there is no real return as incentives. And yields are likely to keep dropping with reducing inflation. I won't keep my money deep into the mattress as Oracle advocates but right at the edge of the mattress. The market may take a breather for a few days but the bullish run will most likely continue until results start coming in and re-pricing would start, based on full year results/corporate actions.

I made mention of it that the next line of action for equities is highly dependent on inflation figures. The figures are out and CBN is not likely to increase MPR neither is it likely to reduce it. But it is likely to up OMO auctions a little bit to keep inflation on even keel.

Oh, and one more thing, 1.1 trillion naira is coming into the system in the next few weeks to months as 2013 FGN bonds mature and a truckload will hit us in March especially from 8s1 bonds (using bankers' lingo). With very little yields available for re-investment, the equity market will take the hit. So, if you think the bulls are over, please brace yourself. March to June 2013 is going to be a historical period in the life of the Nigeria Stock Exchange.

[Picolena66]

Originally Posted by knightofdelta

That is one of the reasons I remain bullish on equities at this time. Last year when equities went on a little run, I was not fully convinced because bond yields were pretty high at 16% and no matter how people buy equities, they will keep one eye on the bond market.

With yields just playing around inflation rate, there is no real return as incentives. And yields are likely to keep dropping with reducing inflation. I won't keep my money deep into the mattress as Oracle advocates but right at the edge of the mattress. The market may take a breather for a few days but the bullish run will most likely continue until results start coming in and re-pricing would start, based on full year results/corporate actions.

I made mention of it that the next line of action for equities is highly dependent on inflation figures. The figures are out and CBN is not likely to increase MPR neither is it likely to reduce it. But it is likely to up OMO auctions a little bit to keep inflation on even keel.

Oh, and one more thing, 1.1 trillion naira is coming into the system in the next few weeks to months as 2013 FGN bonds mature and a truckload will hit us in March especially from 8s1 bonds (using bankers' lingo). With very little yields available for re-investment, the equity market will take the hit. So, if you think the bulls are over, please brace yourself. March to June 2012 is going to be a historical period in the life of the Nigeria Stock Exchange.

Hmmm............Note to self

Oga KOD as spoken.........cheers

[Oracle]

Originally Posted by knightofdelta

That is one of the reasons I remain bullish on equities at this time. Last year when equities went on a little run, I was not fully convinced because bond yields were pretty high at 16% and no matter how people buy equities, they will keep one eye on the bond market.

With yields just playing around inflation rate, there is no real return as incentives. And yields are likely to keep dropping with reducing inflation. I won't keep my money deep into the mattress as Oracle advocates but right at the edge of the mattress. The market may take a breather for a few days but the bullish run will most likely continue until results start coming in and re-pricing would start, based on full year results/corporate actions.

I made mention of it that the next line of action for equities is highly dependent on inflation figures. The figures are out and CBN is not likely to increase MPR neither is it likely to reduce it. But it is likely to up OMO auctions a little bit to keep inflation on even keel.

Oh, and one more thing, 1.1 trillion naira is coming into the system in the next few weeks to months as 2013 FGN bonds mature and a truckload will hit us in March especially from 8s1 bonds (using bankers' lingo). With very little yields available for re-investment, the equity market will take the hit. So, if you think the bulls are over, please brace yourself. March to June 2012 is going to be a historical period in the life of the Nigeria Stock Exchange.

KOD, e be like say you no know say matress dey go market. Let prices fall and then you will know say matress sef fit enter market.

[Oracle]

Originally Posted by knightofdelta

That is one of the reasons I remain bullish on equities at this time. Last year when equities went on a little run, I was not fully convinced because bond yields were pretty high at 16% and no matter how people buy equities, they will keep one eye on the bond market.

With yields just playing around inflation rate, there is no real return as incentives. And yields are likely to keep dropping with reducing inflation. I won't keep my money deep into the mattress as Oracle advocates but right at the edge of the mattress. The market may take a breather for a few days but the bullish run will most likely continue until results start coming in and re-pricing would start, based on full year results/corporate actions.

I made mention of it that the next line of action for equities is highly dependent on inflation figures. The figures are out and CBN is not likely to increase MPR neither is it likely to reduce it. But it is likely to up OMO auctions a little bit to keep inflation on even keel.

Oh, and one more thing, 1.1 trillion naira is coming into the system in the next few weeks to months as 2013 FGN bonds mature and a truckload will hit us in March especially from 8s1 bonds (using bankers' lingo). With very little yields available for re-investment, the equity market will take the hit. So, if you think the bulls are over, please brace yourself. March to June 2012 is going to be a historical period in the life of the Nigeria Stock Exchange.

March to June 2012? E ne kidim e kid!!!!

[knightofdelta]

Originally Posted by Oracle

March to June 2012? E ne kidim e kid!!!!

As if you no know say na 2013 I wan type. I fit give you e-body slam if you careful o.

[kenneth10]

Originally Posted by knightofdelta

That is one of the reasons I remain bullish on equities at this time. Last year when equities went on a little run, I was not fully convinced because bond yields were pretty high at 16% and no matter how people buy equities, they will keep one eye on the bond market.

With yields just playing around inflation rate, there is no real return as incentives. And yields are likely to keep dropping with reducing inflation. I won't keep my money deep into the mattress as Oracle advocates but right at the edge of the mattress. The market may take a breather for a few days but the bullish run will most likely continue until results start coming in and re-pricing would start, based on full year results/corporate actions.

I made mention of it that the next line of action for equities is highly dependent on inflation figures. The figures are out and CBN is not likely to increase MPR neither is it likely to reduce it. But it is likely to up OMO auctions a little bit to keep inflation on even keel.

Oh, and one more thing, 1.1 trillion naira is coming into the system in the next few weeks to months as 2013 FGN bonds mature and a truckload will hit us in March especially from 8s1 bonds (using bankers' lingo). With very little yields available for re-investment, the equity market will take the hit. So, if you think the bulls are over, please brace yourself. March to June 2013 is going to be a historical period in the life of the Nigeria Stock Exchange.

Abeg thank you for this. Pls more of that

[Salida]

Originally Posted by knightofdelta

That is one of the reasons I remain bullish on equities at this time. Last year when equities went on a little run, I was not fully convinced because bond yields were pretty high at 16% and no matter how people buy equities, they will keep one eye on the bond market.

With yields just playing around inflation rate, there is no real return as incentives. And yields are likely to keep dropping with reducing inflation. I won't keep my money deep into the mattress as Oracle advocates but right at the edge of the mattress. The market may take a breather for a few days but the bullish run will most likely continue until results start coming in and re-pricing would start, based on full year results/corporate actions.

I made mention of it that the next line of action for equities is highly dependent on inflation figures. The figures are out and CBN is not likely to increase MPR neither is it likely to reduce it. But it is likely to up OMO auctions a little bit to keep inflation on even keel.

Oh, and one more thing, 1.1 trillion naira is coming into the system in the next few weeks to months as 2013 FGN bonds mature and a truckload will hit us in March especially from 8s1 bonds (using bankers' lingo). With very little yields available for re-investment, the equity market will take the hit. So, if you think the bulls are over, please brace yourself. March to June 2013 is going to be a historical period in the life of the Nigeria Stock Exchange.

Sir KOD, We have been here before. How sustainable is this falling bond yields? That rally between March and June will definitely generate revenue for some people having their sights on 2015. As usual the country has a huge expense that will be incurred when the politicking for seats to Political positions starts soon. I am sure SLS and his team are also preparing for that. Head or tail, the banks are definitely better positioned now with their "refurbished" balance sheets.

[hispy99]

Democratising CBN is long overdue - The Punch - Nigeria's Most Widely Read Newspaper

[Picolena66]

allAfrica.com: Nigeria: Cashless Policy - Interswitch Introduces Safetoken

[knightofdelta]

Originally Posted by Salida

Sir KOD, We have been here before. How sustainable is this falling bond yields? That rally between March and June will definitely generate revenue for some people having their sights on 2015. As usual the country has a huge expense that will be incurred when the politicking for seats to Political positions starts soon. I am sure SLS and his team are also preparing for that. Head or tail, the banks are definitely better positioned now with their "refurbished" balance sheets.

Sir Salida, There is a serious shift in underlying macroeconomic variables. Inflation is trending down, and thankfully Amcon is almost through with their destruction of taxpayer's funds (what with Otedola valuing his sunglasses at N21 billion according to Sir Hispy99).

2015 is still a long way out and the time for "money laundering" and "budget padding" hasn't started. With electricity improving in most parts of the country, the effects should be felt in the next six months in economic output.

Like you said, heads or tail, money laundering or not, high or low interest rates, high or low inflation, the banks will remain winners.

[hispy99]

CBN to mop up N826bn from circulation in first quarter

[cecemontero]

Originally Posted by hispy99

CBN to mop up N826bn from circulation in first quarter

With the rates below inflation, it's not attractive at all.

[hispy99]

Electronic fund transfer to hit N17.34tn by March - The Punch - Nigeria's Most Widely Read Newspaper