Officialhorlah:

https://punchng.com/fg-to-auction-n150bn-bonds-in-april/

It's obvious the government is getting broke, if not they should have done it short term, by the time these bonds mature inflation would have eaten into them and the buyers of these bonds either loose their monies or have it stagnant.

The country is not stable enough to earn investors trust, also the government has succeeded in borrowing to the limit.
Truth is Nigerian Government bonds (treasury bills) are no longer profitable as they used to be, people would rather invest in properties or stocks or even bitcoin.
But what do I know

Ok.

How can one buy na

atarapa:
Honestly I don't understand what this is all about. Please can someone educate me on this?

borrow me #150b and I will pay pay in 10,15,20yrs with the interest rates attached depending on the amount/year attached u want to borrow me

walcruise:
Someone should please explain how bonds work

Good question because I don't even follow what this bond thingy is

Another way of borrowing to fund their ineptitude.

E be like say the thing pass buhari power sooo tayyyy he run go England to check his health up.

Aaa007:
9ice

It means the government is heavily indepted and is issuing bonds for interest, ie the government's way of borrowing money from the people to pay back with interest. So how exactly is that 9ice. You people should learn to read.

Harrisonwo:


borrow me #150b and I will pay pay in 10,15,20yrs with the interest rates attached depending on the amount/year attached u want to borrow me

ok thanks a lot.

walcruise:
Someone should please explain how bonds work

It’s simply another form of BORROWING money (DEBT)...

Eg, government (or a company) can issue a 7-year N100b bond, which is bought by investors (aka “bond holders”)..
During the 7 year term, the issuer (ie, the government or company) will pay interest (called a “coupon”) to the bond holders.

At the end of the 7 years (or Term), the Issuer will buy-back the bonds (called “Redemption”) for N100b (the “Principal” amount).
There can many different provisions (eg, “puts” or “calls”, among others), but the foregoing are the vanilla BASICS of bond issuance.
>

macaranta:
Bonds? That will have the FG paying back huge amounts in the future when they're all out of office. Honestly, this is sad, everything this people have done is loan money with repayment times that won't concern them when it's due.. Smh

Nigeria has been borrowing money for over 15 years now, the worst was in Buhari's administration! One day we'll wake up and dollar will job to 2,000 naira. Na that time our eyes go clear.

Harrisonwo:
borrow me #150b and I will pay pay in 10,15,20yrs with the interest rates attached depending on the amount/year attached u want to borrow me

LEND me, not borrow me...
>

At this point bond is a waste a meager percentage.... just buy bnb and hold be patient ..: you do be amazed.

Oh....naija....the worst country in Africa

atarapa:
Honestly I don't understand what this is all about. Please can someone educate me on this?

It's one of the government's way of borrowing money from the people and with interest. So if you buy into a 5 years government bond with 2% interest with 10 million, it simply means the government will pay you 2% of your 10 million for 5 years and at the maturity date your 10 million will be given back to you. They might just print more money or devalue the Naira again to pay back, Nigeria is in a financial crisis.

If the bonds are issued in dollars and interest paid in dollars maybe its worth while, the way the naira depreciate in 1 year, the naira will loss value more than 20%,

atarapa:
Honestly I don't understand what this is all about. Please can someone educate me on this?

. Layman explanation.... . it's like when borrow Mr Mike money to do business let say 1million and in return Mr Mike promise to be giving u 100,000 every year for the numbers of years u agreed on let say 10yrs. And at the of the 10year he will pay back the money u borrow him which is 1million

Useless country that kills anything home made factory and manufacturing business now selling papers to decieve same thieves in thesame caucus with useless promises on political ambition that will eventually sink the country into financial comatose.
If no be God and BTC nigeria economy na dead!
I will not invest my money in naira until we have a president like yardua Umar again with vision.
All these their plan to have excess cash to spend come 2023 just to hold on to power...

local man is confuse

The equivalent of a broke man selling off his properties.

naija is broke. run aground.

Sysdatek:


Lol
When I can stake crypto assets and earn more

Mad ness

Wahala for who no sabi what's up

Wahala oo

PHPdeveloper200:
This is just slightly above 1% interest per year. Treasury bills no dey pay again. For those investing,how sure are you that Nigeria will remain one country at 2027?
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Gbam!
Oil dey your head!

This invitation to treat gives me the creeps...
It bears all the hallmarks of a scam riddled investment offer!

1. Closest mature date is 2027! When this untrustworthy government would have long squandered the proceeds and disappeared into thin air...

2. With the attendant political instability and agitations for dismemberment of Nigeria, if the country dissolves before the date of Bond maturity, who shall investors hold for their payments?

In any case, all investments are risks...

:LolWhen I can stake crypto assets and earn moreMad ness Wahala for who no sabi what's upWahala oo

12345baba:
Worthless bond

Lool

Awoleesu:
This invitation to treat gives me the creeps...
It bears all the hallmarks of a scam riddled investment offer!

1. Closest mature date is 2027! When this untrustworthy government would have long squandered the proceeds and disappeared into thin air...

2. With the attendant political instability and agitations for dismemberment of Nigeria, if the country dissolves before the date of Bond maturity, who shall investors hold for their payments?

In any case, all investments are risks...

Whos gonna take this risk.

Imagine waiting for 2027. I'm not japanese.


Criminals would have carried your current cash and leave you with probable useless paper saying thy owe you.

Lol. They cant print money again so they are hustling cash.

what is the assurance that there will be a country like Nigeria by 2027. . .2035 etc

COMPAQ:


In 10years, even with the interest but with likely devaluation of the Naira it will be like someone is standing still for 10years

you said it all.

You mean Nigeria don turn salvage vehicle abi..hahahahahaha

handsomeyinka:
I wont be suprised if they auction Nigeria on iaai or copart.

Our leaders are so wicked.

it seems FGis now running a giant ponzi scheme..