emmanuelewumi:



You will need N50 million for that if you are buying FGN bond and not the savings bond.


What the banks do is to buy billion naira worth on behalf of their customers and make some money through that.

The Federal Govt Bond of less than 10million my wife bought appeared in her CSCS statement

emmanuelewumi:




Although if you sell your Fidelity Bank shares at today price of N8.45k and use the fund buy a 20 years FGN bonds. The Investment will give you an investment income of 730k per annum for the next 20 years, which you can reinvest in shares

But you need to know that the income is fixed, unlike dividends and rents that can be increased

2042 FGN bond currently sells at a discount of about 97, with coupon rate of 13%.

With the way the interest rates are rising, it is better to be pick a bond with a high coupon rate.new bonds were issued last month with coupons of say 14.75 to 15.75...

IYGEAL:


2042 FGN bond currently sells at a discount of about 97, with coupon rate of 13%.

Please i need someone to help me with a USA broker that allows foreigners to invest in index funds and ETFS.

quote author=customstreet post=124657752]

The Federal Govt Bond of less than 10million my wife bought appeared in her CSCS statement [/quote]



We have FGN savings bond which one can buy with N5000 and above


We also have the FGN bond which one can buy with N50 million and above.


What is the tenure of the one bought by your wife?

Your wife bought FGN savings bond from the primary market

IYGEAL:


2042 FGN bond currently sells at a discount of about 97, with coupon rate of 13%.

This is the summary of yesterday's offer in the secondary market.

The implied yield for 2042 FGN bond is 14.4%

emmanuelewumi:
quote author=customstreet post=124657752]

The Federal Govt Bond of less than 10million my wife bought appeared in her CSCS statement



We have FGN savings bond which one can buy with N5000 and above


We also have the FGN bond which one can buy with N50 million and above.


What is the tenure of the one bought by your wife?

Your wife bought FGN savings bond from the primary market

My wife bought 10 years FGN Bond. I know what I am saying and not Federal Govt Saving Bonds

emmanuelewumi:



This is the summary of yesterday's offer in the secondary market.

The implied yield for 2042 FGN bond is 14.4%

Can this be subscribe through Stanbic stock app?

customstreet:


My wife bought 10 years FGN Bond. I know what I am saying and not Federal Govt Saving Bonds

Did she buy through a bank or Stockbroker?


Was it a primary or secondary market offering

Una don start to dey derail dis NSEMPA thread into bonds again. Una no dey hear say make una carry bonds matter go d bond thread. I go report una to dem mods now one by one be dat so dem go ban una. Wetin gan fa,haba!

Make una go do una bonding for bond thread and let we dey do our own stock market matter here do our stock market biz here nah

Adinije:
Can this be subscribe through Stanbic stock app?

App Keh, you need to fill a form and scan to the bank if it is primary market offer, but can send a mail if it secondary market offer

Keep an eye on the board meetings of Dangote Sugar and NASCON slated for this month

The meeting will be held this Friday, 28th July 2023.

I believe it will be good for Dangsugar holders, judging by your analysis and balance book size.

emmanuelewumi:
Keep an eye on the board meetings of Dangote Sugar and NASCON slated for this month

emmanuelewumi:



App Keh, you need to fill a form and scan to the bank if it is primary market offer, but can send a mail if it secondary market offer

I used to see it on Stanbic "Stock" app

Adinije:
I used to see it on Stanbic "Stock" app

I have not been able to buy through their app. I always called and they would mail the available offers to me

Wahala... If I bring my cryptocurrencies here now here go burst

Nigerialabalaba:
Una don start to dey derail dis NSEMPA thread into bonds again. Una no dey hear say make una carry bonds matter go d bond thread. I go report una to dem mods now one by one be dat so dem go ban una. Wetin gan fa,haba!

Make una go do una bonding for bond thread and let we dey do our own stock market matter here do our stock market biz here nah

vacanci:


Which investment house can agree to help one invest in FGN bonds with around 5M naira. A lot of them want you to have huge funds unless if it's savings bond.

I have sent an email to stanbic long time ago, they usually dont understand that i do not mean savings bond. They want me to do 50M for normal bond

Have you considered Chapel Hill Denham?

emmanuelewumi:



This is the summary of yesterday's offer in the secondary market.

The implied yield for 2042 FGN bond is 14.4%

I can see it is discounted further.

emmanuelewumi:
Keep an eye on the board meetings of Dangote Sugar and NASCON slated for this month

Hopefully they'd be clear about how the stocks are to be merged.

Collinsterol:
Please i need someone to help me with a USA broker that allows foreigners to invest in index funds and ETFS.

try Charles schwab. If you are not a nigerian or ghanian (resident/ citizen) you can check out interactive brokers . I am not sure what the minimum requirement for cash account vs margin is now, it used to be about $25k for non-us resident. Except you are interested in day trading and stock options trading ; From experience so far, the cheap route will be to go through Bamboo invest (downside : it's an app, doesn't have desktop UI for individual investor). you get same exposure to etfs , individual US stocks for the most part safe for options trading. Also, you can deposit in naira if you don't have access to domiciliary account. Be mindful of the 30% taxation [Non- US resident] on profit,divy,etc

Disclaimer: only affiliation with the listed brokerage firm is that i am a client.

BONDS: You can mention Pa Emma on the bond thread here:
https://www.nairaland.com/4524641/bonds-investors-hub/13
OR
Here:
https://www.nairaland.com/3658395/fgn-savings-bond/12

FOREIGN STOCKS: If you need information about foreign stocks, please go and ask here:
https://www.nairaland.com/5669161/us-stocks-pick-alert/392

You're welcome!

seyisanya:
BONDS: You can mention Pa Emma on the bond thread here:
https://www.nairaland.com/4524641/bonds-investors-hub/13
OR
Here:
https://www.nairaland.com/3658395/fgn-savings-bond/12

FOREIGN STOCKS: If you need information about foreign stocks, please go and ask here:
https://www.nairaland.com/5669161/us-stocks-pick-alert/392

You're welcome!

Good

https://doclib.ngxgroup.com/Financial_NewsDocs/39049_CADBURY_NIGERIA_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

Not a good result from Cadbury

Hello good people!
Please is Afriprud a good buy at 6.50k for a holding period of 5 years?

https://doclib.ngxgroup.com/Financial_NewsDocs/39050_LIVESTOCK_FEEDS_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

Good one from Livestock feeds compared to last year, from lost to profit position

Zegra:
Hello good people!
Please is Afriprud a good buy at 6.50k for a holding period of 5 years?

Yes

ogoo4real:
You may be right here but GTCO is really dusting Zenith big time.

True

kolaish:
Yes

Thank you

Hogwarthtrades:


try Charles schwab. If you are not a nigerian or ghanian (resident/ citizen) you can check out interactive brokers . I am not sure what the minimum requirement for cash account vs margin is now, it used to be about $25k for non-us resident. Except you are interested in day trading and stock options trading ; From experience so far, the cheap route will be to go through Bamboo invest (downside : it's an app, doesn't have desktop UI for individual investor). you get same exposure to etfs , individual US stocks for the most part safe for options trading. Also, you can deposit in naira if you don't have access to domiciliary account. Be mindful of the 30% taxation [Non- US resident] on profit,divy,etc

Disclaimer: only affiliation with the listed brokerage firm is that i am a client.

The foreign brokers you mentioned (Charles Schwab, interactive brokers ) unfortunately don’t accept Nigerians. In fact, none of the major US brokers accept Nigerians except for LightSpeed which is very expensive. The only broker outside US which is reliable and trusted is Trade Zero International.

Yours truly has been a customer of the broker for over three years.

DD still advised.

Ades1:


Collect your dividend in cash and reinvest it yourself if that’s what you choose to do

Thus is true. I have not gotten my scrip dividends since but those that chose dividends have gotten their money and reinvested themselves

I pray what I just saw as the ministerial list is not true. If not we are in for another set of buhari like cabinate

Mpeace:
I pray what I just saw as the ministerial list is not true. If not we are in for another set of buhari like cabinate

Newspapers will carry the authentic list. Why are people circulating fake news