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Investment › Re: Treasury Bills In Nigeria by freeman67: 9:53am On Mar 28, 2021

EarlyCareer:
you also joined or started commenting in this thread because you replied to a person, right?

I understand your skepticism, however, not all of us are interested in becoming active contributors. Besides, is this now a clique thing as I have suspected? A less frequent contributor cannot have an opinion that goes against the norm?....

That aside, stanbic is publicly traded company. That should be the standard, I use them too. As I said above, fintech may eventually evolve to that stage, they give feedback to their users already so....let's see how it goes.

Also, a digital wallet is what it is...a digital wallet. You could look it up. Piggyvest is not only mentioned here, unless I am wrong. Crowywise provides bonds, etc. Some provide stocks etc

In closing, let people invest as they please. No one is forcing, people are just sharing their opinions for others to make educated guess. I am surprised that the criteria for opinions now is if a person is a consistent contributor. If I had agreed with you all, would you suspect me?

FYI, as I said, I use both old and new - Stanbic for mutual funds and Tb, and the fintech as digital wallet and for US stocks.

Sorry, if this does not meet you well. I was not particular about you when made that comment. I sense I may send that wrong signal. That was why I even removed your post that I quoted. My first 2 - 3 of paragraph of that comment was in response to you.

However, the last 2 are general comments. I noticed the same thing here earlier especially with the MBA stuff. Anybody can choose when and how to enter a thread no doubt but I am personally sceptical when it's thrown into everyone's face. That's just all.

Investment › Re: FGN Savings Bond by freeman67: 9:23am On Mar 28, 2021

CBN savings rates has gone above 2 and 3 years have gone above 4%. Attached is the notice I received from my broker.

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:14am On Mar 28, 2021

Which one is digital wallet na? When there receive deposit and also invest on customers behalf?

Like they (piggyvest) said, they started as a bank app (piggybank) and then graduated to an investment app. Even as a bank, they are supposed to be releasing quarterly report for investors and customers. This will enable them to have an idea of what their money is used for, know how their investment is faring and probably aid them in deciding whether to add more, hold or withdraw from the investment completely. The only thing I see them do is offer mouth watering rates to investors. That's not good enough.

Stanbic IBTC asset management send me monthly report on how their funds faring. I wanted to attach that of February 2021 but I couldn't and I don't want to start littering everywhere with screen shots.

Someone could be marketing anything anywhere on Nairaland without issues even if the product is not convincing enough and it will still be surviving but the fastest way to kill it is to bring it to this thread in an attempt to hoodwink unsuspecting investors. The person will make the bubble burst before it's time.

It's okay that newbies come to seek ideas but it does not sit well with me too when an investment is mentioned and you start seeing name that are new to the thread trooping to convince people of what they themselves are not completely convinced about.

11 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:35pm On Mar 27, 2021

C505:
I was going to ask on that column of invest. I see sold outs and a few wanting to sell their units. Was going to ask you enlighten please

Since everything is sold out, where is the money you will save earn the interest from?

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:33pm On Mar 27, 2021

Piggyvest said they started operations as piggybank in 2016 but decided to change to the present name to give investors opportunity to do some themselves.

Their investments interests as was displayed there in their app is in Agriculture (Animal Husbandry; Cow and Chicken rearing, Cashew, rice and corn farms), Real Estates ( This one seem to be in the offing for now because nothing was displayed there, Transportation ( Packaged Okada like Play) etc.
All these investments are fully booked. I don't know if there are other areas they invest people's funds in. Anybody will be scared of non - registered "bank".

Personally after installing that app and trying to go through what they have to offer on other platforms, There have not satisfied my inquiries. They only thing I see people gunning after is high savings interest rates. So I will personally passover.

Like I see the house doing as usual. Trying to probe for truth to be revealed. It is a very good thing. Nobody is casting any aspersion on the fintech industry per say. Experienced people are just looking out for the newbie.

Some people have the financial muscle to loose ten million or even more and nothing will happen to them like Oga RayRay of MBA. That doesn't mean people should keep quiet and allow that man that made 2 million from block molding to venture into such business. It means the overall aim of this thread has been defeated.

13 Likes

Crime › Re: I Have Just Been Scammed!!!! by freeman67: 2:01pm On Mar 27, 2021

Some little due diligence could help us. Except if the you are not using an android or IOS phone. The number your posted +234 701 382 3667 is clearly indicated on true caller as Ebuka Scammer meaning he is even a guy disguised as a lady.

2 Likes

Family › Re: My Wife’s Salary Was A Mystery Until I Discovered How Much She’s Truly Worth* by freeman67: 11:10am On Mar 26, 2021

Sixfeetbelle:
I don't understand why everyone is angry here.

So she lied about her salary. And then what happened?

Without her salary, would he still not provide for his family? Would he still not take up majority of the financial responsibilities of the house? Would he still not act in the title of man of the house?

So why is her salary the bone of contention here?

The only thing I see here being an issue is her demanding her loan for the car back. She offered that money willingly and shouldn't have requested for it. Otherwise, everything else is nonsense.

Her salary is not the bone of contention completely. However, it is part of it because other things she is normally supposed to take care of for herself by herself aside the normal house responsibility is shifted to the guys corner putting more pressure on his income. Imagine as little as sanitary pad would be paid for by the guy. And she goes to work not a complete house wife ooo. He would have had moral right to tell her to take care of such things without feeling guilty.

Because human desire grows according to their earnings, she discovered that she needed a car which is in no way a bad thing. However, the guy said he was not bouyant enough when she requested but she insisted and requested to loan him the money instead. Then she start pressurising him for refund and All these was because he assumed her salary was meagre.

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 12:55pm On Mar 25, 2021

Biafran4life:
No wahala,let it pass.we no they drag land.This is not really the thread I come to in the past.I only did TB once at 18% for my boy. The only paper investment I do is stocks.Dan flour paid me off like blood money.Can you imagine buying forte oil @ 30 and selling @290.,NB @22 and sold above #50. Imagine getting over 3000 dollars from Ubcapital you bought moons ago @1.20.Nevethless I have had loses oh in almost all insurance apart from aiico and nem.My highest lose was oceanic bank, tantalize,japaul,ABC,oando.This all happened before I discovered SMN.Divident stock is the best for me.
[b]If what I read sometimes ago is true.That once you passive income can equity to 3x of your monthly expenditure then you are good to go for retirement.[/b]Then God is too faithful to fail me as I have over comed that like 5yrs ago

That's very nice. I just wish I could discipline myself in stock to achieve this. Though I would still not relent if I were you because some companies can just cut some expectations short like UBA. Though right mix of investment can take of that.

Crime › Re: Police Arraigns Lawyer For Stealing ₦5 Million In Ebonyi by freeman67: 8:34am On Mar 25, 2021

3gpvids:
Is bail not free?

Bail from police not from court. The condition of bail from court is most dependent your offence/ crime committed, the argument of your lawyer and your status as a person. That man stole 5 million from his client.

Investment › Re: Treasury Bills In Nigeria by freeman67: 3:25pm On Mar 21, 2021

NL1960:
10,000 units at the unit price of N68.60 comes to N68.60 x 10,000 = N686,000 and not N689,000.

True that one na my mistake.... I copy another thing from Calculator.

Investment › Re: Treasury Bills In Nigeria by freeman67: 2:07pm On Mar 21, 2021

yazga:
Going by the example above dividend would be =N=118,000

When is the best time to buy?

Confusion don't catch me wey want explain again...

At that price N68.60.

10,0000 unit = N689,000

The dividend is N8.1 X 10,000 = N81,000

Please what % of N689,000 is N81,000?

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 1:12pm On Mar 21, 2021*

abraolas1:
100 Shares = 1 unit

i dont think this calculation is correct

is the Dividend paid per Unit or Per shares ??

will like others to throw more light to this

CC: Emmanuelewumi

thanks

Its correct and as simple as he said it. 1 unit is 1 share. 10,000 units X 8.1 dividend declared = N81,000

As said earlier, no WHT so all the dividend is your to keep.

If we are to go by the closing price of 68. 60 per share closing price for Friday 19/03/21 which was the last trading day, that is about 11.8% dividend yield.

3 Likes

Business › Re: Cryptocurrency: Nigerians Are Free To Use Bitcoin - CBN by freeman67: 4:37pm On Mar 20, 2021

berrystunn:
Lol

They came back after much explanation

Old men

They didn't come back from anywhere. They are still standing by what they said on it since 2017. And it is clearly reflected here. They did not band or ask people not to trade it.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 3:01pm On Mar 20, 2021

Biafran4life:
Even with that zenith can not go below #19.Those holding it equally know the value

With NSE and Nigerian business you can not be too certain.

The first two shots was March 2017. There was no pandemic then.

The third one is late February 2020 while the last middle of March 2020..

3 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:27am On Mar 20, 2021

alphascorpio:
Please was anybody able to successfully buy tbills today? I went to zenith bank early this week in anticipation of the next auction date but I was told by the officer in charge of tbills that purchase of tbills has been suspended for now. I'm really confused. Is that peculiar to zenith bank alone? I want to know if I'll need to move my money to another bank.

From personal experience/view Zenith Bank is not TB friendly. I have tried them severally to no avail. You should have accounts with different banks if you intend to invest in TB so that you can switch when needed.

Banks like Stanbic IBTC, First Bank, GTB and Former Diamond Bank are those that works for me. I don't know if access is okay for it.

7 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 8:56am On Mar 13, 2021

SanctifiedSista:
Thank GOD for Farm4me
I will.be using that till I see another trusted one

Who come ask you about am na? This tactic is outdated already. Go learn a new one.

13 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:27am On Mar 06, 2021

QuinModah:
name them

You have been around the investment section for a while but you it seem you just discovered this thread last night. I am surprised...! But not completely because those Agritech ~~Ponzi~~ investment have a way of hoodwinking an intended investor especially if you are fixated on the returns alone. Hope you didn't loose any money to them ooo.

Welcome.. !

Investment › Re: Treasury Bills In Nigeria by freeman67: 11:37pm On Mar 03, 2021

Opzyyy:
please is the 6% paid quarterly i.e 24% per annum or it's 6% per annum i.e 1.5% quarterly?

1.5 quarterly. Rates are quoted per annum except specified otherwise.

8 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by freeman67: 2:08pm On Mar 03, 2021

seyisanya:
If the embolden is how you feel at the moment, then go ahead with your plan. However, N498 is quite high except the volume is not substantial. I will advise you liquidate the Naira Fund and then buy your dollars from any of EVERDON BDC or SEBASTIAN BDC. They should be able to sell to you between the range of N480 and N483. If you are in Lagos, you can visit their office to complete the transaction.

I wish you the best!

While thinking of liquidating and buying dollar from Bureau de Change, he should also be thinking of how to invest it back to his desired Euro Bond because that is where the difficulty lies. Last week, I tried to deposit dollar to an investment account. The teller asked If the account was mine and told that it wasn't. He then told me to ask the owner of the account to come and deposit himself. I just left without further enquiries.

The next day I was at another branch of FCMB for same purpose. I enquired and was told to fill their registerand fill the teller for it. After several attempts to post, I was told that cash deposits are not allowed into that account. I can only make transfers to the account. That's where another problem lies.

From what I gathered personally, Banks these days are not accepting transfer from a Nigerian bank dorm account to another especially when it was cash deposited. A dollar cash deposit made can only be withdrawn before usage as it is only dollars received through transfers that could be also be transferred to another account. So everything seem complicated..

So, if he is convinced that his fixed deposits should be converted to Eurobond the easiest and less complicated way to do it is to go with his broker especially if he is sure of getting dollars back when his investment matures... Of course that comes with a cost... Transfers in banks are not free too. So he will have to weigh his option and choose what suits him best...

4 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:40am On Feb 27, 2021

chigo4u:
Is there any bank in Nigeria that pays interest on dorm accounts?

I don't think there is any. Though I have not gone round all the banks. Most banks I have interacted with treat dorm account as current account. Current account s do not pay interest instead you are charged for COT after transaction.

Career › Re: Ranks Of The Nigerian Security And Civil Defence Corps (NSCDC) by freeman67: 5:59pm On Feb 26, 2021

Henryjp:
Pls I need an experience and old officer to clarify for me. In civil defence, level 07 is divided into 2 such as IC and CCA. I leant that IC officers has the opportunity to be promoted futher while CCA officers is being benched to level 07 unless he has additional qualification in the future. Pls how tru is this

The para-military agencies under ministry of interior of which Civil Defence is part was categorised into 3 Cadres. The least was Assistant Cadre where CCA belonged, followed by Inspectorate Cadre and the Superintendent Cadre which was the highest.

The highest level in Assistant Cadre was level 7. From there if you wish to grow more you will have to get additional qualification and seek conversion. However, it seem things have changed there now different from what I used to know.

Nairaland General › Re: Have You Experienced Slowness Or Inability To Access Nairaland Recently? by freeman67: 9:43am On Feb 25, 2021

Yes, it has been very slow opening it with MTN network and chrome. These few days and I was thinking it's mine alone that's affected.

1 Like

Investment › Re: Commercial Papers by freeman67: 8:11am On Feb 20, 2021

CORPORATE DEALSDEAL: Dufil Prima announces N30 billion Series 3 & 4 Commercial Paper
Dufil Prima has announced the issuance of its N30 billion Series 3 & 4 Commercial Paper Notes.

Dufil Prima Foods Plc, Nigeria’s pioneer, and largest producer of noodles has announced the issuance of its N30 billion Series 3 & 4 Commercial Paper Notes Under the Company’s Commercial Paper Issuance Programme.

The paper will be listed on the FMDQ trading platform a few days after its allotment date.

Dufil, a leader in the Nigerian fast-moving consumer goods segment made this disclosure in an Investor Presentation sighted by Nairametrics today, the 19th of February 2021.

In line with the information contained in the document, the company plans to raise as much as N30 billion through its Series 3 notes, and an additional N30 billion from its Series4 notes under its Commercial Paper Issuance Programme.

However, offer for the N30 billion Series 3 & 4 Commercial Paper which will be officially issued on the 2nd of March 2021, and subsequently listed on the FMDQ trading platform, have been flagged open for interested participant today, 19th of February, the offer is expected to close by the 26th of this month.

Key highlights of the Papers

The N30 billion Series 3 Commercial Paper comes with a 182-day tenor has an implied yield of 4%, and it is expected to mature on 31st August 2021. The Register for the Series 3 paper will be closed from 24 August 2021 until the Maturity Date.

The N30 billion Series 4 Commercial Paper issued by Dufil under its Commercial Paper Issuance Programme with a 262-day tenor and a maturity date pegged at 25th of November 2021, comes with a 5% implied yield range. The Register for the Series 4 paper will be closed from 18 November 2021 until the Maturity Date.

https://nairametrics.com/2021/02/19/deal-dufil-prima-announces-n30-billion-series-3-4-commercial-paper/

Investment › Re: Treasury Bills In Nigeria by freeman67: 4:25pm On Feb 16, 2021

QuinModah:
This is absolutely not true 100% even the churches and organisation that invite people on Telegram have an agenda?

Nothing is 100%. Not absolutele but in general terms it very true. Even online business people that will not state their prices in the open but will want to draw you into their WhatsApp or Telegram page have an agenda; It is either they are not selling anything (but want to corner and dupe you) or they could sell the items at a lower price but want to corner you and sell it at an exhobitant price.

4 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 12:27pm On Feb 15, 2021

Tobex4realTobex234:
Link please

https://threader.app/thread/1360838911048757248

https://mobile.twitter.com/suleimana

3 Likes

Romance › Re: Photos Of Men Buying Female Pants As Valentine Gifts For Their Lovers Go Viral by freeman67: 8:35pm On Feb 14, 2021

StacyO:

How about if she doesn't wear panties on a normal day??

She should keep them for the abnormal days...There are days she must wear them..Those will come in handy then.

Career › Re: How Much Was The First Salary You Ever Earned? by freeman67: 4:29pm On Feb 14, 2021

NYSC - Was N9,500
Then, job was N40,000

2 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 8:36pm On Feb 11, 2021

emmanuelewumi:
How market

The hand writing was very clear on the wall...

The easiest way I identify any investment not to enter these days especially if it is being marketed online is when there are group of people pretending to be investors cajoling other people and talking down other investment on the thread created for them. Even when they are not contacted.

I was seriously considering Crypt0 before the recent CBN regulation and still willing to give it a try after but the display I am seeing here is not far from it so I missing it the juice in it.

There was the days of Liberty Reserve as digital currency not too long ago. It existed from around 2006 and ceased to operate in 2013 yet nothing happened.

For MBA, Nigerians started with MMM, Twinkas, Hi- Charity and a host of others it came with. The government warned but like flies that was destined to go to grave with corpse they didn't Listen and it came to pass.

Then came MBA Forex and some other funny forex /Agritech investments schemes being marketed around of recent. Their agents target thread where they is serious money/investment discussions and invade to prey on gullible investors.

Like MMM and MBA forex subscribers will say.. ' is it your money?' Then they are calling the same government to help them collect the money c
"Maxwell when they all invested money that they could loss and not lose sleep." Hmmmmm

5 Likes

European Football (EPL, UEFA, La Liga) › Re: Arsenal Vs Manchester United (0 - 0) On 30th January 2021 by freeman67: 7:14pm On Jan 30, 2021

Oritna94:
What happened to saka? He is not in the bench.

Bukayo has been left out as a precaution due to a sore hip

Sports › Re: FIFA Clears Eight Players For Super Eagles by freeman67: 3:02pm On Jan 27, 2021

I was thinking I will see names like:

Bukayo Saka - Arsenal FC

Tami Abraham - Chelsea FC

Folarin Balogun - Arsenal FC

Authur Okonkwo - Arsenal FC

and co...

1 Like

Politics › Re: Reno Omokri: Will Buhari Die If He Appoints Non-Muslim Northerner As Army Chief? by freeman67: 10:07pm On Jan 26, 2021

Racoon:
False! Jonathan first worked with Lt.Gen.Abdulrahaman Danbazzau(Kano State) then Lt.Gen.Azubuike Ihejirika (Abia State).Buhari started with the incompetent Lt.Gen. Tukur Buratai( Borno State) then now continuing with again with equally clueless & incompetent Maj.Gen. Ibrahim Attahiru.

https://www.thecable.ng/army-removes-operation-lafiya-dole-theatre-commander/amp Thereby continuing his unending trademark clannishness and nepotism character.Do zombiesm with some respect.

Gen Danbazzau was inherited the same way he inherited power with everything that came with it. As soon as he is able to make his own appointments, he dropped him. Took Gen Ihejirika and subsequently Gen Minimah.

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