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Religion / Re: Peter Obi: Video Of Catholic Bishops Condemning Father Mbaka Emerges (WATCH) by condomuser: 1:33pm On Dec 09, 2018
Oh
Celebrities / Re: #TheExperience13: Akpororo Attacks Daddy Freeze During Performance by condomuser: 2:12pm On Dec 08, 2018
Akpororo is a fool.
Investment / Re: Treasury Bills In Nigeria by condomuser: 10:53am On Dec 07, 2018
It seems to be an Islamic bond, when i read the terms and condition of it, it seem to be a bit complicated investing into it. I think it is more risky compared to TB or the use of the funds is to do some Northern projects.

yomi007k:
Has anyone ever invested in the Sikuk bond in the past?

https://www.nairaland.com/4889905/nigeria-issues-n100b-sovereign-sukuk
Celebrities / Re: NYSC Cancels Davido's One-Year Service Program by condomuser: 10:48am On Dec 07, 2018

HAHA I remeber when i did my service, i didn't even show up for one single minute, everything was arrangee, thunder fire dem.
Investment / Re: Treasury Bills In Nigeria by condomuser: 6:54pm On Dec 06, 2018
This is for Eurobonds dollar denominated mutual funds ?

GonFreecss1:


They have an average of 7-9%
Programming / Re: What's Programming Lauguage Do You Think Is Best To Start With by condomuser: 7:33am On Dec 06, 2018
Start with Fulani Programming language

17 Likes

Romance / Re: My Girlfriend Is Behaving Childish And Strange by condomuser: 11:49pm On Dec 05, 2018

Fuvck her nyash


Pathosky182:
Good evening Nairalanders, this is my first post here,
I love this site and everyone in here.

The reason for this write up is for me to get advice on what to do before I go the wrong way, my girlfriend is behaving childish and strange because I showed her all the love I can show.

She has being hurting my feelings so many times and she said she loves me and don't want to loose me, when I confronted her, she complained that she is too busy that is why even on Saturdays too.

She always picks up quarrel with me and also starves me of sex. I really need advice on what to do.

Thanks a lot. I hope to get solution from here because we gat a lot lot of professor here.
Investment / Re: Treasury Bills In Nigeria by condomuser: 10:11pm On Dec 01, 2018
I see what you mean, the N510/$ was an example, in Nigeria things easily get out of hand, it may go up to N950/$ in 5 years from now.

The Buhari govt will even borrow usd and pump into the Nigerian market to ensure they get a second tenure, the $ 42 billion reserve is only on paper, the impact on the society is never felt. When the govt. steps down that is when we will truly know the value of Naira.

The other instruments you mentioned like US bond is good but only for US residents.

Eurobonds is only for USD which is limited for a lot of Investors.

There is an option for foreigners in most countries to buy off shore properties which can generate rental income but it is capital intensive.

TB would have been sweeter if the Naira was stable, a car you can buy now with N10m will likely cost N20m in 5 years time. That's the effect of an ailing economy, there was a good reason Abacha webt to Swiss cheesy

Let us hope Nigerian will not get to this point in the pics.

awesomeJ:

While I certainly agree with you sir on the need to hedge ogainst currency risk, We also need to fully explore the alternatives:

1. Doing NTBs at 14% average yield will turn your $100k to about $141k in 5 years should the naira crash from 360 to 510 in that period.

2. stashing your $100k in your dorm account would leave you with about $99k or less in 5 years.

3. doing US bonds, bills or notes at about 4% would turn the $100k to about $121k.

4. doing eurobonds at about 7% average would leave you with 140k.

However like I often like to think, timing is really key with investments.

Some people bought dollars at 250 and sold at 510, while some others bought at 520 only to sell at 380.

Investment should be a smart man's business.

Happy new month to us all!

2 Likes

Crime / Re: Yahoo Boy Caught With Lady's Pants And Bras In Warri (Photos, Video) by condomuser: 4:43pm On Dec 01, 2018
This is pure violation of his human rights, only in Nigeria.

Investment / Re: Treasury Bills In Nigeria by condomuser: 11:22pm On Nov 30, 2018
Wipe out implies making tb capital and interest useless. For example, according to statistics within the next five years the value of Naira against other major currencies will fly near or more than N510/$ (this already happened in 2016).

Now, If A and B has $100,000 each and A converts and invests $100,000 in TBills while B decides to smoke weed with $100 and keep $99,900, funny enough after 5 years B will still be richer than A.

But there are ways A can do slightly better than B by taking educated risks. In an unpredictable economy it is advised not to be a greedy investor.

hias2012:


Explain the emboldened in a more concrete terms so everyone including the newbies understand. Explain how the money will become wiped out under the condition you highlighted above.

1 Like

Investment / Re: Treasury Bills In Nigeria by condomuser: 10:22am On Nov 30, 2018
I did a 2 hours calculation on the Interest yield from TBills for a 3 year period at a stable 15 percent per annum and re-converted the yield and capital after 3 years to a more stable currency, my discovery was absolutely shocking.

In summary, Nigerian economy is unstable, inflation will continue to rise. Inflation kills proceeds from Investment at the International level.

All your Tbills proceeds in 10 years can be wiped out if a storm like what happened in Dec 2016 happens again. But keep investing and minimize risk through diversity.

5 Likes

Investment / Re: Treasury Bills In Nigeria by condomuser: 6:58pm On Nov 24, 2018
I don't think your suggestion is right. No bank in Nigeria will give you 2 percent interest for depositing Euros with them.


ahiboilandgas:
Example of diversification is if u pit 10m in tb and earn 1.5 m for 365 u can buy some euro like 1000 for 410 and put in dorm account at 2 percent ,then buy land of 750k ,then use then reinvest the remain in mmf etc

3 Likes

Sports / Re: Olga Diyachenko: 'What Impressed Me Most About Nigeria' by condomuser: 8:48am On Nov 23, 2018

Mikel get car seats for these kids, do you carry them on your lap while driving in the streets of London ?
Politics / Re: Buhari, Atiku, Others Scheduled For Presidential Debate On December 14 by condomuser: 1:14pm On Nov 22, 2018
Wow so he promised 3 million jobs and then sent 11 million people into unemployment. That means he has unemployed 14 million people �


KikBuhari2Daura:
Mark my words the lifeless one will not show up ......quote me his brain is simply empty even akamu no dey there talkless of grey matter

The man has squandered his good will he has nothing to say ....

He promised 3 million jobs and 11 million employed persons were sent to the unemployment market in just 3 years

The man promised 20,000MW of electricity Fashola is still providing darkness

How can he defend the fact that he wasted six 6 months only to end up with Ministers that are certificates forgers and fraudsters

How can he explain the fact that he Son who has never worked for a single day owns a 57 Million naira power bike when he himself claims he has to take loans to buy nomination forms

How can he explain that Babachir is a Free man today despite cutting imaginary grasses in the Desert wth IDP 400 Million

How can they explain the NEMA 5.8 Billion Naira Scam, the NNPC scam exposed by Kachukwu him self

Fellow Nigerians APC is worse than Ebola

Lets get rid of them Fast by Sending Buhari straight to Daura on February 16th one way ticket

1 Like

Celebrities / Re: Yul Edochie Visits Goodluck Jonathan In Abuja (Photos) by condomuser: 10:36am On Nov 22, 2018
Yul is using Gejs hands to grab his own balls
Business / Re: CBN Intervenes In Forex Market With $210m by condomuser: 7:42am On Nov 22, 2018
This man from Daura again, shebi na you dey print the dollar?

Romance / Re: I'm In Love With An Older Woman by condomuser: 6:45pm On Nov 18, 2018
Watch a program called 90 day fiance with a yoruba boy micheal and angela.
Politics / Re: Matthew Achigbe Is Dead. Motor Accident Scene (Graphic Photos) by condomuser: 8:49pm On Nov 17, 2018
It loooks like some dollars, are you near the scene to confirm this ?


gssdobi:
Is that not foreign currency inside the wallet.life is priceless.RIP to the Dead.
Business / Re: Help!!! I Mistakenly Sent N1m To A Uber Driver by condomuser: 8:43pm On Nov 17, 2018
Ordinary N1m

Hahaha, do you have another N1m you are not using ?

5 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by condomuser: 8:45pm On Nov 15, 2018
I see nice one, it is good at the same time there are many cons to it, considering the Nigerian economy is very unpredictable, buying long term debt instrument is rewarding with a stable economy. The possibility of the government or banks going Awol with the funds is 50 : 50, there is a lot of looting going on in the government, when bubu steps down that is when we shall truly know if the country's reserve rest at the publicized $ 42billion.

This is not to discourage investors but any investment that transition/run into to a new government has more chances of default in a dwindling econony.

freeman67:


https://www.nairaland.com/4667123/eurobond
Investment / Re: Treasury Bills In Nigeria by condomuser: 8:34pm On Nov 15, 2018
There is no better way to liquidate T-Bills, the bank you invested the money with will chop you at any premature termination. Just go with what they offer and pursue your dream investment.




CNN80:
Hello, I need advice. I have a 6 months Tbills investment I need to liquidate now. It's been running for about 2 months.

I bought it through my bank and when I asked about liquidation, they offered to liquidate by collecting back almost all my interest. I'll be left with just 6.6% of the interest even though I have gone through 1/3 of the tenure.

Is there a way to liquidate it so as to get a better deal? I really need the money as an opportunity I have been waiting for has finally come up.

1 Like

Investment / Re: Treasury Bills In Nigeria by condomuser: 1:46pm On Nov 15, 2018
Can you clarify this. Even though it is called Euro bond, it is denominated in USD and investment currency is in USD.

Is there any changes to it at the moment, which of the banks are offering it at the moment, their rates and tenure. This information will be useful to some investors.



ahiboilandgas:
750 million euro (part of 2.8 bn euro bond )offered at 9.7 with 10 years maturity period...meaning if u invest 10000 euro u will get around 20000 euro in 10 years (without reinvesting the interest payment) by 2028 your 20000 euro will be @600 =1200000 naira initail investment 4200000 ....for proper understanding u need have long term experience 5 -10 not 1 to 2
Sports / Re: Mikel Obi Flaunts His Home Interior Design (PHOTO) by condomuser: 2:38pm On Nov 14, 2018
Mikel call your fada grin grin
Politics / Re: Maiduguri Is Currently Under Attack By Boko Haram Militants. by condomuser: 7:45pm On Nov 10, 2018
Move to Lagos. Bikoharm is northern form of yhoo yahoo.

1 Like

Investment / Re: Treasury Bills In Nigeria by condomuser: 7:08pm On Nov 09, 2018
I once entered a vehicle for a 7 hours trip, the calibre of people i met while on the journey was alarming, i knew i had 7 hours boring time so i joined in the discussion.

I did some psychological analysis and realised the guy in the front seat whose mouth was the loudest had invested millions in MMM, i am not an advocte of ponzi scheme but guess what i deviated and started positive talks on the durability of MMM. It was at the time MMM closed and was to re-open in january which never happened.

The guy at the front seat who had the biggest mouth was so happy thinking he had seen his fellow MMM mugu, but i only joined the conversation to kill time. Unfortunately MMM never came back and he lost all.

Moral of the story : Someone who may claim to have 30 Billion is possible doing so to lay hands on your N1m, enjoy the conversation and stick to what you know.

11 Likes

Crime / Re: The 4 Catholic Priests Kidnapped In Delta: Victor Adigboluja, Anthony Otegbola by condomuser: 9:59am On Nov 08, 2018
Chei
Romance / Re: Man Staring At A Massively Curvy Lady’s Backside (Photo) by condomuser: 8:02am On Nov 06, 2018
i am sure that yansh will not fit on any flights economy class seat

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