₦airaland Forum

SimplyFacts:
Dey calm down, oga.
Na N-Power stuff

Oooo...na me na look then. My apologies..

Unigrad:
I am having issue with my principal refusing to sign my rejection letter in other for me to relocate to the school closer to my house.
My current PPA is very far from my house, it cost #2000 transportation fare, the day I went to sign the rejection letter, I didn't see anybody in the school including principal, teachers and students. I got there about to 10am, the school were almost taken over by weeds, I had bike accident on a tied road on my way there, my body got injured, I thank God I didn't fracture any of my bones.
What should I do since the principal is refusing to sign the rejection letter?

Which one is tied road? Do you mean tarred or untarred road? If that's what you mean you can edit it.

You were sent to that school by the NYSC probably because the school may have requested for Corps members. If I go by what I see in your post, you haven't seen the principal yet. Just pray the school is not for one of their cronies.

However, since you do not like what you see, go to the school close to you and see either the Proprietor or Principal and discuss if they will want you to serve with them. If yes, go back to the NYSC office and explain to your LI why they need to repost you to another area of PPA i.e the reasons you gave here; Like the transport being too expensive to your present accommodation and you not knowing if the school will provide with one. Thus, it will be better if you can stay where you already have accomodation and a closer PPA. Also, the school is not on vacation but nobody to accept or reject your posting letter. In other not to get stranded at the end of the day, it is better they repost you where the school is in session and ready to accept you etc.

I think with this they may want to look for an alternative PPA for you. Then tell them about the school closer to you. That should suffice.

Incase anyone is interested, I got the info below yesterday.

Dear Valued Investor,

Coronation Merchant Bank Limited (“Coronation MB”) is pleased to notify you of the opening of the Series II and III Commercial Paper Issuances by Valency Agro Nigeria Limited (“Valency Agro” or the “Company”) under its ₦20 billion Commercial Paper Programme. The Issuance will be across 180 and 270 day tenors for a target amount of up to N7.5 billion which commences on Tuesday, September 7, 2021 and is scheduled to close on Friday, September 17, 2021.

Valency Agro Nigeria Limited is a commodity trading company that trades in a diversified portfolio of products that are classified as Agro & Consumer Goods, Sulphur & Fertilizers, Steel & Scrap, and other commodities. The Company was established as a commodity trading company in 2007 with headquarters in Singapore and has become a prominent integrated supply chain manager across Africa and Asia. Through an already established extensive global reach, the company has developed excellent sourcing networks directly with farm gate suppliers and manufacturing processors while also nurturing strong local and international relationships worldwide. Valency has also expanded its presence across the value chain with operations in logistics, warehousing and through its own processing facilities.

Valency has a deep manufacturing and processing presence and takes pride in the ownership of the largest cashew processing plant in Ogun State, Nigeria. The Issuer has raw cashew procurement and drying centres in Lagos, Ibafo, Ogbomosho, Kano, Anyigba and Ankpa. It also has sesame cleaning facilities in Kano, Lagos and the Middle Belt, as well as cocoa drying machines in its centre at Ogun state. Over the years, Valency has been notable for:

Strong and Well Recognized Brand – Valency has created a strong brand image and its products are distributed in various markets, both domestic and internationally;
Sustained Positive Financial Trajectory – The Company has continued to thrive with consistent earnings growth despite macroeconomic headwinds and challenges in the domestic economy. The Company has been a consistent top 10 non-oil exporter out of Nigeria;
Experienced Management Team – The Company is led by a team of very passionate professionals with extensive knowledge and experience in the field of commodity trading; and
Robust Stakeholder Framework - Valency follows a sustainable business model which views its stakeholders (for example, farmers and communities within which it operates) as partners and provides them with initiatives such as health benefits, education support and trainings.
Valency hereby announces the launch of its 182-day Series 2 and 270-day Series 3 Commercial Paper Issuances and plan to utilize proceeds of the CP issuance to fund its short-term working capital requirements. The summary of the offer is presented below:

Issuer

Valency Agro Nigeria Limited

Size

Up to ₦7.5 billion

Tenor

180 and 270 days

Yield

Series II: 180 days - 13.7500%

Series III: 270 days - 15.2500%

Discount Rate

Series II: 180 days - 12.8769%

Series III: 270 days - 13.7041%

Issuer Rating

BBB+ (DataPro)

Subscription

Minimum of ₦5 million and multiples of ₦1,000 thereafter

Tax Considerations

Free and clear of withholding taxes

Offer Open

Tuesday, 7 September 2021

Offer Close Date

Friday, 17 September 2021

Circulate the Allocation Notice to investors

Friday, 17 September 2021

Investors fund their commitments

Monday, 20 September 2021

Use of proceeds

Short-term working capital requirements



In view of the above, we hereby invite you to invest in the commercial papers and kindly request that you forward your executed Investment Commitment Form via return email (with hard copies forwarded to our offices) on or before the close of business on Friday, September 17, 2021.

For more information on the issuance, please refer to the following documents below:

Programme Memorandum
Series II & III Pricing Supplement
Rating Report by DataPro Limited
Investment Commitment Form


For further enquiries, kindly call or email the contact:

Dayo Lawal
Investment Banking
08107711615
alawal@coronationmb.com

alezzy13:
Are united capital this inefficient?

Opened a MF account online since last week, but they have still not sent my activation mail to enable funding. And yet they said it will take just about 24hrs to open.

I called the CC and wrote mails. Each time they promise they will do it shortly, but up till now, nothing.

So disappointed ☹️

The Nigerian thing affects all of them... Once in a while they sleep off on duty.

Just add them on WhatsApp with the number below or mail them about it.


+234 816 828 2396

AngelicBeing:
Pharoah and the Egyptians/ subjects are both culpable in bringing down the economy, but Pharoah has a greater responsibility in appointing " A JOSEPH" who is skilled in economic matters to help him manage the 7 years of Famine and 7 years of abundance of the Nigerian economy (COVID & POST COVID MELT DOWN , GLOBAL OIL CHALLENGES, INFLATION, and every aspect of the local National economy to boost productivity etc )

The ancient Pharoah did it, appointed "A JOSEPH"who was able to help him stir and turn around the Egyptian economy then but the current Pharoah you have in Nigeria is confused and is busy chasing kulikuli, guguru and ekpa economic policies

Very true that the head will carry more of the blame. It has always been so and will not end now. Especially when the current dispensation promised that they have a solution to all Nigeria's problem already and will tackle them immediately if elected before they assumed duty.

That said, we as citizens have all always been part of the problem. Nasco corn Flakes has been producing here for a while instead of demanding that the company improve on where we found it lacking if there is, we started importing the more 'Crispy' expensive alternative Kellogg's Corn Flakes produced elsewhere. We were eating our local rice mostly every Sundays, we de-stone it manually and prepare it. If only we had improved on that. No we didn't, Instead we went for Uncle Ben's and other Thailand brands.

Same goes to all the areas we were holding our own and could have at least compete favourably if we had worked on. Some countries in same position as we were in about thirty years ago have stepped up and are doing better.. Countries like Bangladesh value products they made more than that of US and UK's. Made in Bangladesh products are more expensive than the imported ones in Bangladesh yet the citizens prefer theirs. In our own case the situation is the exact opposite.

The leadership do not have the will to turn thing around and even if they had, the saboteur and grumblers we have as citizens would not have allow it to work except the leader goes dictatorial and that in itself can not go hand in hand with democracy.

If you minus the economic indices that are affecting the Nigeria/Niara. You will observe the one major issue that is no being checked is that of the CBN staff sabotaging their own policies.

Many of their staff either own BDCs by proxies or have a way syphoning/obtaining Dollars for sale/stashing for late sales at exorbitant rates. Which ordinarily should be an offence. However, because lots of the staff both past and present are involved, they loose the moral ground to check those unethical behaviours.

Those are the crop of staff that leak sensitive official mails in other to cause chaos/confusion.

Godisfaithful:
Sir, please leave us alone and let’s face our NSE jeje. We don’t want any negativity here lol (joking). Sir, you better commot before Buhari fans devour you

I don't understand why you will tag all those who have contrary opinions as Buhari Fans.. Only one road does not lead to the market. They are several ways to make money buying and keeping dollar as you want/advised is just one of it.

No matter how you look at it or do not want to believe, there are people that would have made money same way you feel you are making from dollar or even more doing other things. Everybody can not follow same route. Besides if everyone decide to buy and store dollar as you guys advocate, where is it to go round? Maybe we should just beg the US to let us adopt that currency as ours too.

Even at that we will still not be satisfied..Maybe then we will shift more attention to British Pounds.

emmanuelewumi:
Are you referring to Stanbic IBTC Bank or Stanbic IBTC Stockbrokers?

The bank branches are still opened but for Stanbic IBTC Stockbrokers and Stanbic IBTC Asset Management they are working from home, you are expected to do everything online by yourself you are not expected to go to their offices.

I opened my Stanbic IBTC Stockbrokers account from the comfort of my room about a month ago, for the Stanbic IBTC Asset Management Money Market Fund I opened it through my bank branch at Ikeja.

Before now, I had no interest in opening a stock broking account with stanbic because I was not subscribing FG Bond. When I developed interest, I discovered that I could not do FGN bond through my broker.

Also before now, I know that customers can do everything investment through their customer service except buying stock. Even opening asset management account opening or investing can be done through their customer care then. However, after series of failed attempts through them when TB rates were going up these year. I turned my attention to other areas.

So that period, I wanted to invest in the Primary Market FGN Bond because I gathered I could invest less than minimum FG requirement through them. All the branches I visited after funding my account
could not give me any tangible answer. So I opted to open a stock broking with them after all the frustration incase of another day. But before I left their main branch in Ahmadu Bello Way Garki, Abuja that day I requested if I could see their stock broking agent because they used to have there. I was told I should open it online that they now work from home.

When I went back, I opened the stock broking account website, filled the form and submitted the required documents and it displayed that it was successful. I was expecting to either get a call or an email from them after that at least the next day after someone might have seen it to no avail. Then I called the stock broking arm and a representative picked. I explained everything to her and she told me that I am to wait till after 48hrs that they will get back to me after reviewing my form and document submitted.

At least it has been more that 10 days after that call but I have not heard from them. Whereas when I discovered they have now become too busy for customers, I decided to open that of Afrinvest where I first visited and was told that I could do it online. My account was created that day and a CSCS account was sent to me on the 3rd day...

emmanuelewumi:
You can buy FG savings bond through the bank or Stockbroker.

Very few Stockbrokers are dealing in FGN bonds in the secondary market.
With Afrinvest securities you need N20 million for FGN bond in the secondary market, while Stanbic IBTC Stockbrokers requires just 100k.

FGN savings bond requires just 5k, but the coupon is between 5% and 7%. I don't do FGN savings bond, I do FGN bonds

Good morning Oga Emma, yes for Afrinvest FGN Bond minimum is N20 million. However, they still do FGN savings bond too and for FGN savings bond, all Stock broker dealing in it start from minimum of N5,000 and N50 Million max. The last 3 months FGN savings bond rates were about 8.88% for 2 years and 9.88% 3 years.

As for Stanbic IBTC, back in the days I can just mail them, call them or walk into any of their branch for anything investment without knowing anybody there. The customer care agents around here then we're very knowledgeable. Now it is no longer that way. Before I contacted you the other time, I have tried all the of the above to no avail. I have even tried to open a stock broking account with them and could not get any of their stock broker in any of their branches in Abuja. Then I tried to open a stock broking account online and even called them after filling the form and submitting all the requirement, all to no avail. I have a bank account and asset management account with them and was even about to begin the process of moving my pension fund account before I noticed the trend and jettisoned the idea. After that, I have opened Afrinvest investment account online and immediately that day it was opened and all details sent to me. With a promise that the 2 days after a CSCS will be opened which was carried out as promised.

I have marketed/introduced Stanbic IBTC services to anyone in need of their services both online and offline severally. However, with all these rookies they have at their customer service centre around here. Then coupled with the fact that some of their staff in some branches are now defrauding customers and the bank management seem not to be doing anything about it.

mickky22:
Good day Gurus
Please how can I buy FGN Saving bond that released today, 6th September, 2021.

My stock broker, Stanbic IBTC said they only buy from second market.

Your assistance will be greatly appreciated.

Thanks

You can buy through Morgan Capital Securities, Investment-One and Afrinvest. I just don't understand Stanbic IBTC these days. It seem they are overwhelmed by the number of customers they have.

emmanuelewumi:
Please let it go.


Professors of Medicine have been going to Saudi Arabia to seek greener pastures as early as 1985


What are the current opportunities in the Nigerian capital, money or real estate market?

For capital market, H1/Q2 results are being released. Companies that pay interim dividend are those to look out for.

Right now TB rates seem to be going down but the CP's that flied recently were considerate to investors, that's if only they had at least the required minimum. Have not heard of any corporate bond recently. FG Bond rates are considerate too but the hurdles to Invest in it is high for a retail investor. FGN Savings Bond 3 years tenure have been around 9.88% for 2 months now. Conservatives can still manage that.

Mutual Funds rate seem to be good too for now because of their diversified underlying assets. Especially the SUKUK Funds, Euro Bond Funds and Money Market Funds...

For me, I am not ripe for "real estate" now. I get plenty money for that one. I am considering REITS at least that will allow me at my own pace with some form of steady income.

Tobex4realTobex234:
Buhari supporter lol. You seem to see no new issue here? Yes, doctors have always searched for greener pastures, footballers, tech people, in fact all professionals have always done that.

But can you please point me to a time when there was an open recruitment of professionals by a different country in Nigeria and the FG had to go and scatter the place?

We will not start a new argument on this. There is no need to involve sentiment. Nothing shows there that I am either a Buhari supporter or not. I just stated the obvious as a Nigerian. I don't see any issue with their leaving because it has always been so. Since it was discovered that their profession is very needed abroad and could generate more money over there, the only ones that do not leave are the already established ones or the ones that can not meet the requirements for leaving. That's the truth.

Yes there may have been this kind of open arrangement before but it has always existed underground to not only Saudi but any country that can pay better. And like I said earlier the only reason you are seeing that Saudi recruitment charade now in the is because they want to get the FG to bow to their demands. It is part of strategies trade unions use.

Tobex4realTobex234:
That guy own na even example wey media carry oo... In the tech world, people are migrating in droves on a steady, from devs to designers. They are leaving the banning, freezing and blocking country to places where they will be cherished, rewarded and allowed to flourish.

I heard that Saudi Arabia came to pack some of our doctors, and Buhari sent DSS there. Una never see anything, the brain drain is currently on an individual level. Very soon UK will come and pack all these fintechs that the CBN is frustrating. They think everything is by agidi.

The issue of Doctors traveling to seek greener pastures abroad did not just start. It has always been there. If you have ever gone to ministry of education where they verify results you will know. The recent abracadabra in the news is because they want to the government to agree to their terms and nothing more.

richforever123:
The last statement is totally wrong, I know some people here who were insulted for warning against Ponzi Schemes, they where called haters and fools, Nigerians are funny characters

If not for the newbies coming to this thread with genuine intentions of looking for where to invest that their comments could mislead, I would have said you should not have dignified them with any response.

The they are either using alternate monikers or invited here to cajole people to invest in what they are not convinced about.

They are US and Crypto adherents that CBN policies and actions have dealt with and they want other people to be involved too maybe that would touch the CBN. Once they are not getting their way, they start name calling, bullying and all other tactics that will still not change the mind of those whose mind are already made.

The organic members of this thread already knows that though sometimes CBN policies might not be favourable to the investors. However, they will always find a legal means to move on instead of ranting for a decision that was made within ambit of CBN responsibilities. OMO was open to us all here back then and we could invest in it at will depending on your Bank and availablity. Now we cannot longer do it.

We discussed that and moved on without name calling and insinuations. That's what should happen but no they would rather do the opposite.

OgogoroFreak:
Bitco1n is closer to $1m than it is closer to $0

$50k is closer to $1m than it is to $0? Oboy this you maths strong ooo... This one na pure over hype..When it went down we didn't see any marketer/hype man ooo. It's gaining momentum now all different kind of hype have started again...

saint2ace:
If u want the specific model and aforementioned prerequisites then head to AliExpress, but for authentic type c to c cables contact @jboixxx

I already spoke with him chatted coming here. Thanks

Who has this Type C to Type C cable please.

The product name is Jsaux
Spec is 5A, 100w & 3m.

Thanks

Godisfaithful:
There’s no problem in diversification especially when Naira is already on life support. I deal with fintech and I know many people who deals or age into that business. If CBN think FINTECH is the problem of Nigeria currency, it means there’s another fire on the mountain when it comes to their unstable policy. Time will tell. If you don’t know, 80% of your politicians align with fintech and have their money in $$$$ denominated investment. Just a tip for you.

God bless NSE
GOD bless Nigeria

It then means CBN is right after all.

emmanuelewumi:
Do you have a Stanbic IBTC Bank account?

Do you have the name, email and phone number of your Relationship manager at Stanbic IBTC?

All these are very important.



Introduce yourself, your branch, account number and reason for the mail.

Good morning and thanks for your prompt reply Oga Emma,

Yes I have a Stanbic IBTC account.

Yes the name of my account officer is always displayed in mobile app or internet bank page. His email is there too but the phone no there is always their general Customer Care number. But they will always be a way around that.

Okay, will contact him.

I sincerely appreciate this.

emmanuelewumi:
Quote me on a dead thread on who to mail or call at Stanbic IBTC Bank head office.

Let me have the contact here please...

emmanuelewumi:
Quote me on a dead thread on who to mail or call at Stanbic IBTC Bank head office.

If you have minimum of N5 million to invest you can always buy corporate bonds through major stockbroking firms eg Stanbic IBTC Stockbrokers, United Capital Securities, Chapel Hill Denham, CSL Stockbrokers, Afrinvest Securities, FSDH Securities and many more.

If you don't have a minimum of N5 million to invest at a goal on a given commercial paper, Money Market Fund is also good.

Stanbic IBTC Stockbroker is the preferred one among Stockbroking firms for bond investments in the secondary market

Ok sir..

jobark:
well i advice you check their website and also speak to them for official information. I'm sure the requirements wouldnt be beyond the usual KYC and all.

Yep, I am already checking up their website. Will try and pay them a visit too. Thanks

PresidentBuhari:
Buying FGN bonds via Stanbic is quite frustrating, the branches don't do it, they need to call their stock broking unit, the unit will require funding their stockbroking account with minimum of N5m, they may delay opening CSCS account for you while holding on to your funds for two weeks.

That's the issue. And no how to meet their stock broking unit except through the branches.

jobark:
Try Afrinvest, Maitama
address: Oakland Centre
Plot 2940, Aguiyi Ironsi Street
Maitama, Abuja FCT

Okay, thanks. Do you have idea of their requirements?

See as the babe resemble CeCe ooo. Na only her hight I no fit measure from the picture..It means na women like that him dey like.

I am looking for a good broker/asset manager that has a branch office in Abuja who deals with FGN Bonds, Treasury Bill, Cooperate Bonds, Commercial Papers and Private Placement. My broker Morgan doesn't do more than FGN Savings Bond and SUKUK.

I was frustrated by Stanbic IBTC Bank today. Last week I went to a branch in Wuse 2 and was told there will be an auction this week. I was also told to visit a particular branch ( Garki Branch) early on Tuesday. Only to get there today and find that all the staff there are just novice to many things or just pretending to be Ignorant.

I put a call through to their customer service and the guy that picked promised to call back. I went further to mail them but didn't get a reply. The guy later called back and was trying to tell me TB rates. I reminded him it was FG Bond I discussed with him earlier. Then he said he was going to call back again but didn't.

I went to a GTB closeby and was told to call my account officer. First time I will try such. He picked and was like hello sir., hello sir.. and before I know, he complained he couldn't hear me and cut the call. I tried calling back but he wouldn't pick. Then I went to a First Bank branch and was told that they have not been adviced on it for now. That I should drop my number so he can call me back whenever they reply..All to no avail.

So I need to have more brokers for flexibility. Cashcraft used to be an alternative untill it trapped it's customers. Abeg anybody that knows any good one should please help me with name ooo...

PresidentBuhari:
A sober reflection with respect to what is happening in Afghanistan

Afghanistan is in crisis and most likely a new government will be formed. The instability will go on for a long time, the government to be likely formed by the Talibans determines everything concerning the country.

Now imagine all the domestic and foreign loans taken by the previous Afghan govt, it is most likely a default in repayments will occur, investors are leaving, foreigners are leaving, the currency is sharply losing value.

Now talk of the devil, Nigeria. If such happens in Nigeria, the same fate will befall the investors in bonds, Treasury bills, foreign loans. The value of assets will nosedive, as you invest locally it is unfortunate the need to diversify outside the shores of the country is necessary.

What if in a bid to diversify the country I invested in was Aghanistan or like it? What if the citizens of Afghanistan invest in other country but do not survive or tried to leave the country and die in the process then the country is later reorganised and the leadership decide to take are of its obligation...?

OKOATA:
Bros you won’t understand why I said what I said, I wasn’t even referring to the masters part. I am just tired of Nigerian way of education, all we do is write exams upon exams and nothing to show for it in the educational sector. Agriculture, engineering na exams dem de write tired, instead of taking us through the main practical aspect but all we do is write and write. I just tired and at the end one foolish lecturer that finished with pass won’t even mark your papers right. I just tired ma guy.

I see a lot of people quoting and liking this your comment because you said what they want to hear. If he can actually strive to know what is in that question and not just answer for answering sake, he will do more than just a being a farm manager while majority that refused to learn but want understudy yahoo boys, politician and 419ers for quick money will remain and be bad mouthing everything.

mickky22:
But stanbic said minimum subscription is N50, 000,000 to buy from primary market

They told me it's N5,000 last week oooo.

Chuky7:
Hello guys am new here and I would like to be properly informed on how to convert my money to dollars.

This includes both savings and investment purposes to avoid inflation n devaluation.

Just trying to secure wealth for the future

Please this info is not just for me alone as I am young but my more experienced family members.

So how do you guys go about this and what are the tips or advice.

Cc
Emmanuelewumi.
Ahiboilandgas
Chigo4u
Jedisco freeman67

I heard you guys are pros in this area.

Hi, welcome.. lots of discussion have been done about it in the past. The general known to convert was by buying directly from Bureau De Change (BDC). However, recently the CBN have stopped the supply to BDCs and instead ask people to buy from bank instead. The headache there now is that unlike BDC where you can just go and buy what you want without question, the will restrict customers to an amount. You would also follow a process before buying/converting.

With what was discussed here in recent past and the present economic situation, just having your funds in USD is enough to beat inflation and devaluation. The only worry would be how to keep it safe if it is in your custody. That said, you can also invest it in FG Euro Bond if it is upto the minimum required or Euro Bond Funds with asset managers to increase it.

These are just the basics...

Piston65:
was it oxford that dupe you? I know una type. E dey pain me say you no dey near me, I for like beat you sef. Idiot

Candidly, I am advising you not to continue marketing the Scheme to people except na Una family business and you are ready to share in the consequences. That is because when it goes sore, those that the scheme harm may want to harm you in return. By then the owners of the scheme has vanished because most times they will just close shops and abandoned you in the sinking ship..

Glamour Girl....