needful:
Is this a good buy? @ Sir Emma

Modified

SirBen90:
How do foreign investors hedge against the devaluation of the naira? For instance U.S investors who invest in Lagos State Government Bonds?

It depends on the currency used for the bond...most foreign direct bond investment would be in USD..hence liquidation would be in USD at the expense of the government whether devaluation occurs or not...but if the investment is in Naira bond, then they have to do the plus or minus themselves in any event of a devaluation occuring

Nakedman:
There are lot of wolves in human skin offering mouth watering investment. Be wary of them and remember the rule.

Rule No. 1: Never lose money.

rule 2 remeber rule 1

damilola1978:
It depends on the currency used for the bond...most foreign direct bond investment would be in USD..hence liquidation would be in USD at the expense of the government whether devaluation occurs or not...but if the investment is in Naira bond, then they have to do the plus or minus themselves in any event of a devaluation occuring

Thanks

US 10Y Treasury yield just fell below 1% for the first time ever.

please dont allow currency sellers/traders to infiltrate this tread!!!!! i wont say more than that.

needful:
Is this a good buy? @ Sir Emma

I am not an expert but looking at the type of instrument, it is a commercial paper. So what you should be concerned about is the credit rating of the company. Any credit rating not below B is investment grade. It may be BB or what ever not below that alphabet; anything C run. Then take note of the the credit rating agency too.

Good evening Interested in the image below check my signature

I just received message from Unionbank that my interest rate has been adjusted to 4.2% effective 9th of March... I guess every bank rate is really going lower and lower

Well, my experience differs from this.

Sending to United Capital’s account from FCMB has been free all time. I worry less on the intermediary bank.

SaintUlot:


His money is in usd already, he was told even if he is sending from fcmb it has to be transferred. Funds will be transferred to an intermediary bank abroad before it hits the fcmb account. Sending from fcmb or from another bank account doesn't really count because it is the same procedure.

Dsticks47:


Ok you are welcome ..
For investment one Dollar fund check my sig.

What's about your dollar fund

baroun04:


What's about your dollar fund

VANTAGE DOLLAR FUND

The fund is an Open-ended Fixed Income Dollar Fund and will invest in Nigerian Originated Dollar Denominated assets (Sovereign and Corporates). The fund seeks to provide investors with bias for dollar denominated securities access to such securities, which ordinarily would be inaccessible to them by virtue of the minimum amount typically required to make such investments.



Key Features

· Open-ended unit trust scheme which is duly authorised registered in Nigeria

· The minimum investment amount is US$1,000.00 with additional investments in multiples of US$1.00. The Fund Manager however reserves the right to review these amounts as the need arises.

· Redemption will be paid within 5 Business Days after the relevant documents have been submitted to the Fund Manager.

· Every unit holder shall be entitled to receive from the Fund Manager an Electronic Certificate for the number of units purchased by such unit holder. The Electronic Certificate shall be conclusive evidence of the number of units held.

· The minimum holding period in the fund shall be 180 days. However, the Fund Manager is aware that investors might have need for their monies within the minimum holding period and as such would allow redemption during the minimum holding period subject to a 15% charge on the positive total return on the units being redeemed on the day of redemption.

· Dividend will be paid from the income earned to unit holders annually.

· Dividend can either be reinvested into the fund or credited into the unit holders’ bank accounts via electronic means

Interest earned is currently between 4% to 6% per annum

Check my signature for more info.

On VDF(4-6%), VGIF(8.5%) , ABACUS, HIGH YIELD (10%)

tomtom370:
Well, my experience differs from this.

Sending to United Capital’s account from FCMB has been free all time. I worry less on the intermediary bank.

What process do you go through to effect the transaction without incurring any fee or commission

tipzy001:
I just received message from Unionbank that my interest rate has been adjusted to 4.2% effective 9th of March... I guess every bank rate is really going lower and lower

On target savings or tbills?

doublestar21:


On target savings or tbills?

Savings, UnionFlex

tipzy001:
Savings, UnionFlex

One of the customer care was convincing me last time preaching to me that it is 10% per annum

doublestar21:


One of the customer care was convincing me last time preaching to me that it is 10% per annum

very funny, it's no way near that. Been receiving 4.3% on it

tipzy001:
very funny, it's no way near that. Been receiving 4.3% on it

Is the 4.3 fixed or does it fluctuates?. Also do you have a clue on Union max?

Thanks

doublestar21:



Is the 4.3 fixed or does it fluctuates?. Also do you have a clue on Union max?

Thanks

I'm not so sure but I think it's fixed, although it's been adjusted to 4.2% according to the text I received from them some days back and no I don't have a clue about UnionMax

tipzy001:
I'm not so sure but I think it's fixed, although it's been adjusted to 4.2% according to the text I received from them some days back and no I don't have a clue about UnionMax

Thanks

zamirikpo:




Certificate is over rated......

I haven't even collected mine......

Don’t even remember that there is something called certificate

Why, I thought you were in the corporate sector?

igbizen:

Don’t even remember that there is something called certificate

C505:


I got 3.8% from stanbic.

Some people sabi maths oooo.

I got 9% and I know why
At the beginning of the month I had for eg 3.5M and middle of the month I took out like 3M leaving 500k. I suppose Part of the interest was from the 3M.

Mfunkynation:

I have follow ur instructions but am not getting a better results

Maybe ur case may just look like mine

tipzy001:
I just received message from Unionbank that my interest rate has been adjusted to 4.2% effective 9th of March... I guess every bank rate is really going lower and lower

It will keep going down, the best decision was locking down funds in dec.2019 The next best time is now.

ojesymsym:
Why, I thought you were in the corporate sector?

Do I go to work with it every morning? I entered with statement of result. My certificate is resting in my school till date. I don’t plan on getting another Job when am done with this....Not after discovering investment and financial education.

igbizen:

I got 9% and I know why
At the beginning of the month I had for eg 3.5M and middle of the month I took out like 3M leaving 500k. I suppose Part of the interest was from the 3M.

in this case to get the right rate you will need to adjust monthly interest rate for the no of days the money spent before withdrawal. E.g let assume money spent 15 days in the bank and the bank normally pay interest every 30 days and after calculation it is assumed monthly interest rate calculated was 0.75% (in this case), this 0.75% interest rate calculated will be adjusted for the 15 out of 30 days the money spent in the bank i.e (15/30)*0.75%*12=4.5 or 15/30*9%

Disclaimer: this calculation is only a rough estimate of interest rate to be expected, extrapolated from interest amount, other factors that I have not considered might also be in play.

igbizen:

It will keep going down, the best decision was locking down funds in dec.2019 The next best time is now.

fixed deposit or what.... any advice on how to go about that??

Traders Lose Appetite for CBN's 89-day, 180-Day OMO Bills
https://businesspost.ng/economy/traders-lose-appetite-for-cbns-89-day-180-day-omo-bills/

Anyone interested?

Audited financial statement for LAPO mfb comprising 2014,2015,2016 and 2017.

What are your FD rates like?

fineguy11:
Audited financial statement for LAPO mfb comprising 2014,2015,2016 and 2017.