₦airaland Forum

Olaide1295:
If you had USD, would you sell those to hold nigerian Tbills?

Not yet,

Maybe if reserves are around $42bn by October and rates are below 1500 and falling.


Markets are hard to exactly time or predict, but watching some macros can give us pointers.

Oshokhai69:
But his original post was specifically about Goldman. True or false? Why don’t you just admit you were wrong instead of arguing and trying to appear right?

Perhaps you have an issue with reading on a thread.

Go back and read.

I made a post, some guy commented impulsively on it.

It shouldn't be so hard for you to see who first made a post and who quoted whom first.


You obviously aren't blind too, cos where I made an assumption in a direct response to a person, I owned up to the assumption, even though it doesn't mean the statement is false. I owned up to the error and apologized.

Maybe it's your phone that's making it a huge struggle for you to follow these flows, or maybe you're just being mischievous.

It was a post in which I used words like "dumb", so you should excuse the entire post.
The assumption and the insultive words.

They were both provoked.


I dare you to pick any wrong statement in my original post, if you can't. You should rest.

Oshokhai69:
So would it be fair to say you were wrong and need to check your facts before you make such misleading statements based on hearsay on a forum like this?

My original post is 100% accurate,
The error I made was an assumption in a response to a silly comment, that can be excused.

If you don't agree, suit yourself.

So it was erroneous for me to have suggested GS bought our debt without exact proofs.

I apologize.

However, the GS participation was not the crux of my post. The point in the post was that if naira rebounds to 1200/$, anyone who liquidates USD at 1600 to buy 30% yield will ultimately have returns of 71%.


Why that guy chose to be uncourteous is his headache.

Yet the statement isn't invalid, cos it says "If GS or Middle East guys come"

First, It's an "If" statement , don't read it as an assertion.

Second, it's an "OR" statement which means only one of the conditions have to be true.


So the original post is all good.

The error is in the phrase " when GS came in Q1" which I made in a different post.

Oshokhai69:
No mind am. Oya please show us where Goldman come invest for Naija.

I spent the last 30 minutes trying to find articles or docs that detailed GS participation in the Nigerian debt market in 2024. I COULDN'T find any that had specifics.

However I did watch an interview earlier in the year where a banker mentioned that folks from middle east were calling them to buy our debt.

It was around that time the CBN had an FPI conference call with folks from JP Morgan and Citi.

Then there was this from an analyst on twitter:

Oshokhai69:
Why not respond to him with facts and evidence instead of insults. He asked you to show when Goldman came to invest in the Nigerian economy. Can you do that?

So, an ignoramous telling you you wrote crap is your own idea of how to ask question.

If your view isn't biased why not teach him to have sense, or is it so hard for you to read the posts and deduce who started the insults? why do you think it's my post you should quote?

Wotowotoman:
Your father is the blind and dumb mugu if you cannot prove where Goldman Sachs came to invest in Nigeria!

Waiting…

Tell him when you see him.
Or you can just upload whatever level of intellect you have to the cloud, let some bot make a better use of it, since it's just wasting in your dumb head.

Stupid goat that feels the need to comment when you should rather calm down and learn.

I know your father isn't mad, but you definitely are. At least temporarily. Yam.

Wotowotoman:
Goldman? As in Goldman Sachs? To invest in one of the most unstable currencies in the world? You think that 30% yield on Naira T bills is a good sign to seasoned investors?

Ogbeni, take this yellow card for writing that crap

No, Goldman Bagco bag.

You were blind/dumb when they came in Q1 ba?

Odunharry:
Baba mi I understand. Everyone irrespective of social class is feeling the heat. It's well with Nigeria

Let them just make food cheap, Rice, chicken, milk etc, let people find convenience in setting meals on their tables. Cars clothes, houses can wait.

Odunharry:
If at all it gets to an all time high, do you think we will get to see rate trend downwards the coming month?

..

Odunharry:
Omo the next auction will be fire.. Hopefully we get to see alot of people bid. Let's wait and see what the secondary market for the coming days will look like

Some Goldman and even Middle East money may even flow in and help the currency.
If one buys 30% yield now and naira is at #1200 next year, the effective returns will be 71%.
meaning every $10,000 invested will become $17,100.

But I've gotta watch this school fees season demand first to better predict the market.

28.4% yield!!!
I wonder if we've ever had it higher.

Odunharry:
Maybe you provided it when joining or you can ask them how far. Lol

What's my own? Let LASG go and drag that one abi na LIRS, I'm not a fan of the government rn.
I think they should sit up and fix the economy. Last July I got 4 doors for 185k, this July, 2 doors 200k. How much will I charge as rent?

freeman67:
That said, whether you present the TIN or not, your money will paid back to less 10% of the interest so no shiver saying you no go get interest.

My thinking too, cos I've been paying WHT on fixed deposits before I got a TIN.
I think WHT remittance can be made to the FIRS with or without the payer's TIN. So that should not be used as an excuse to withhold people's funds.


Makes me even think: I don't even remember submitting TIN to my current employer, yet they've been removing PAYE on a steady.

Odunharry:
The explanation given by other posters is correct . If you decide to take your interest upfront, you be paid the interest, then the 100, 000 which is your face value at maturity.

You can then advise the bank/House to re-invest your interest instead of taking it. For many that I have seen, it's always been on yield.

AwesomeJ and other posters can shed more light on the rate that will apply when one wants to invest upfront interest.

Like you said, all the explanations are correct.
If you invest 1m at 21% discount.

1. Taking interest upfront, you get 210k now and 1m at maturity.
2. Reinvesting interest, you get nothing now, but N1,265,000 on maturity.

stluke:
good day
Please is this interest rate applicable to all branches of stanbicIBTC?

The rate is not an offer from StanbicIBTC, it's the stop rate at the last CBN auction.

aremso:
Thanks bro, some one said they have introduced 10% witholdibg tax pls how true is this

False as far as I know.

If anything, I'm hearing that more items are being exempted from WHT.

aremso:
Good day fam, it long i visited here. Please i need answers to the questions below from the gurus in the house pls

1. Do they still maintain 50m as minimum for primary market bid
2. Which investment house/bank can bid in my stead since i cant bid myself
3. what is the current rate for 365 days
4. what are taxes/charges implications on the total returns on investment.

many thank sirs

Boss, it's really been a whiiiile!

1. Yes.
2. I'd say StanbicIBTC
3. 21.24% discount rate from the last auction
4. 0% tax, fees should be c. 0.5% of returns(my estimate)

Nakedman:
Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.

I thought folks like Otedola said the eighth wonder is Dangote Refinery na.

You people should settle on one and stop confusing us 😁😁😁

cutedharmee:
I actually thought the 14% is suppose to be on each million . Like 14% of 1million which equals 140,000 multiplied by 3 which is the principal interest

It's actually 140,000 multiplied by 3.

What's is not accurate is you thinking the 140,000 comes on 1m if you invest for 91 days.

The 140,000 on 1 million only comes when you hold for a full year, then on 3 million you would actually get 140,000 multiplied by 3.


However, when you only hold for 3months which is only a quarter, what you'll get is only a quarter of 140,000. That's 35,000 on 1 million.

Then on 3million, you'll get 35,000 multiplied by 3 which is 105,000.


This issue of thinking annualized rate sare flat rates is actually quite common, There have even been a few folks who thought the rates mean 14% every month, maybe folks hoping to recover their MMM losses from NTB 😁😁

Odunharry:
Nicely put. I see it as money making more money while you sleep or focus on other things

Exactly

heavenisreal18:
..
Tell us the business that will yield More than that

I know people who trade grains with c. 15% markup.

Wheat for instance, 3 tons @2.65m was sold in bags of 100kg at 110k per bag to gross N3.3m

cutedharmee:
104000 on 3million for 3months?
God forbid
I'll rather go do business with my money

If you do business with it and make 500k in 3months,
1. You took some risk, cos things could have gone south.
2. You put in your time and intellect for three months, after paying yourself for the time and intellect invested, the real profit may now be less than 100k, but most people prefer to discount tge cost of their efforts and still count the profit as 500k.


TBiLLs are: risk free, efforts-free.
No offloading goods, taking customers insults, collecting fake notes, no dragging customer with your neighbor 😁😁


This is not saying people should not do business but rather only do Tbills, that's not the suggestion at all, the post is about making fair comparisons between investment returns.

Risingcash94:
Good afternoon. Hope you're having a nice day? Pls I need to know if you reinvested your interest. And if you did did, they leave the interest that is less than a hundred thousand which could not be reinvested? If not did you get your upfront interest after you had been debited?
Cos I applied for reinvestment yet nothing was left. They even tampered with the balance in my account for their custodian fee.
I'm still waiting patiently hoping to see the least interest paid back into my account.
I'm curious because this is my first time investing with gtb. Thanks 🙏

You seem to have asked this question more than once, so as a Nigerian let me answer it with question too.

You asked the bank to reinvest your upfront interest and you expect the bank to leave th interest in your account, is that what you're saying??

Cos if it is, then I don't understand again o.

davit:
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

Llama 3 is hallucinating.

Invest 2m to get 7m

@Harddiskng

Harddiskng:
Searched everywhere. Finally found it in my junk.

It about some calculations you dropped here.

I don’t want to derail the trend.

I would reply your email.

Please help me edit my edit my email addy from your previous posts. Spams from working boys on NL dey too plenty

Post's been edited sir.

Sorry I couldn't reply you. It's been a super busy day.

You can just schedule a meet for anytime after church tomorrow.

Use this code on Google meet: qis-jrhu-abp.

You can just ask here still.

I believe you can find ways to mask any sensitive info you may be trying to avoid exposing.

For instance you could use a fraction or a multiple of the amount involved if you don't want to share the exact amount publicly.

Something like that.

Plus there may be others here who will give you a much better perspective/guidance.

Harddiskng:
Senior Man, I didn’t get any email from you yesterday & today.

You can send to ..

I already did.
Twice

Harddiskng:
Please reply my PM.

I just need a 10 mins of your time (quick tutorial).

Boss,
I replied your email yesterday.
I will do that again now.

Omonigeriarere:
There is. You can make further enquiry from your English Teacher.

I guess we see things differently then, no big deal.

If Rotten Tomatoes can give Gravity (super boring to me) a 96% rating and Atlas (quite cool) 19%, then obviously as humans we see things differently.