₦airaland Forum

Moneywirer:
In the world, not just Nigeria

lol

If they go ahead and implement this obnoxious electricity tariff hike tomorrow, Buhari-led government will be the most insensitive government in the history of Nigeria.

speak2lift:
Lets learn from you bro.

What Financial institution are you using or did you use?

How exactly did you lose the 1k? - did the offer price go below the bid price or vice versa? Did you purchase your USD above market rate? ect It will be nice if you can throw more light on this so we can all learn.

My senior colleagues who have also been in the Eurobond game far longer than I have, never had this complaint but am open minded and will be really interested in knowing if there is any danger lurking?



Edited: Did you liquidate or attempt to liquidate your investment before the required holding period of 6months(Stanbic requires this)
United Capital doesn't - theirs is 90 days minimum holding period or so?

Anyways let me wait for your answer sha

I got my statement almost 6 months of venturing into Eurobond and I saw that my capital was less of over 1k$ as at that time. I have applied for liquidation. I will write about it when I get it within one month as stated in their letter to me instead of 72hrs. Leaving the money with them will incur more losses. I have consulted one or two Gurus outside Nairaland and I think the best thing is to liquidate the investment.

Would I get it within one month? I am not 100% sure. My lawyer is on standby though.

Akin3891:
Yea , you analyzed it earlier. Can you suggest any dollar investments that is 100% capital save. A guy here said he lost about 1k dollars on his euro bond Investment. Which dollar investments has 100% capital guaranteed? I personally don't think that it's a great ideal to convert one funds to dollars *as at now*, then wait for the spike. People that bought dollars at 360 made the kill already, but buying at #404 might not be a good ideal

I am the one. There is a lot going on that we don't know yet. I can't even get the money until a month's time, something that used to take 72hrs.

Beware of Eurobond!

RabbiDoracle:
But it is the truth na.

Imagine someone who bought around January 2020:

GTB at 34
Access at 12
UBA at 9.25
Zenith at 23

They are all on over 50% loss as we speak.

They don't understand what you are talking about when yob talk coronavirus. Temperature don rise well well

If you check temperature, you may quarantine them thinking they have fever. But it is not fever.

Then imagine all the stocks recovering at a record short time and making their portfolios green, even if there is increasing cases in Nigeria, they won't care about the corvid19 numbers.

lol

Niggsrdumb:
Which bank

FBNQUEST

Niggsrdumb:
Stanbic

Good for you. I am bleeding now. More than 1k$ gone already.

Niggsrdumb:
I invested 4.5 k in December, interest up till now is 67 dollars.

Not a great investment but you can't lose your capital.

Not sure how you're down in capital

With FBNQUEST?

ojesymsym:
Sho, how is that possible. I thought eurobond had a locked rate? Or is it stanbic dollar fund?

No

Guys, please stay away from Eurobond for now. My capital is now -9.8%.

Poanan:
People doing eurobonds should be careful. The yield for Eurobond is going up means more risk. Now,foreign investors are pulling money away where will they get foreign currency to pay the bond holders. Remember, the proceeds from new issue is what is used to bonds holders at maturity.

My Eurobond capital is now at -9.8%

needful:
Euro bond is not a reliable investment right now considering the economic meltdown. Go for naira bond which is way easier to repay by the federal government. Worst case scenario, they will print naira and pay but as for Eurobond, just know that naija no dey print dollar oooo. My 2cent advice.

Now at -9.8% of my capital in Eurobond.

ositadima1:
You are correct. But a 6% increase shouldn't wipe out 2 years profit.

Of course, it can not. This looks like the first phase of Naira devaluation.

ositadima1:
But it is #360 on CBN website, cbn.gov.ng. CBN sell it at #360 to BDCs, and BDCs add a few naira to sell to the public at around #365 just like before.

Are BDCs no longer regulated or am I missing something?

Maybe this will help.

ositadima1:
Now, every one will be buying at about #360.

N380 and not N360

ChieduJoshua081:
My pastor didn't give me. I work in a bank in Edo state, I have asked almost all the staffs there. My Head of operation, the tellers there all of them said they Dont have .It's like money is now coronavirus nobody dy gree say e get am. I Don waka for everywhere I can think of. Even my landlord that i just finished paying him rent, I almost wanted to go and ask him to borrow me the money. Please if you can help, just help.

lol

ahiboilandgas:
Dollars 405 ...all your tb gains about to wipe out

Now 407.

rationalmind:

Lol

zamirikpo:
Going by this is it safe to say that we can still deposit cash into our dorm account and transfer same electronically as long as it is below $10,000

You're correct. I just confirmed it at a zenith bank branch in Abuja now.

iamloyalty:
U are fortunate then, I did with Fidelity at primary market it wasn't successful. I might try again with stanbic or zenith.

Got 5% at zenith bank for 364 days tenor.

DonFreshmoney:
So are you saying zenith bank debits on Thursdays?. Cos am expecting but my account hasn't been debited yet

Yes

Akin3891:
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.

5.8% is not bad, though it sucks! I just hope zenith can give up to 5% tomorrow.

kristien4:
Wow.. I'm stopping over at unity bank first thing tomorrow morning. I hope I can sleep well tonight.. make the bank no go close up before tomorrow morning..��

Lol.

Mcy56:
Public Notice!!
Please, I still needed a willing and interested person to invest in my biz for growth.
Kindly mention me for detailed discussion (don't quote pls). Or send me PM preferably.
Only serious person please and don't ask for a proposal tenable for a world Bank contract, it's a small biz I'm trying to grow and just needed small amount to expand it.
This is a genuine request necessitated by timing.

**NB: I didn't say 'give', I said 'invest'. If you decide to give too, it will be highly appreciated.
** If you dont invest it will still grow by God's grace.
For those ignoring my PM, una weldone too. God dey. I no mention name o.
For those that liked this post, may God bless you richly IJN. Thks for your encouragement.

PM me

Foxie:
Good day, please I sent you a PM, kindly respond. Thank you.

Sorry, I do not respond to PM. Please, don't be offended. You can ask me any question here. Thank you.

Congratulations!

Nigerians won!

odimbannamdi:
So this is the post:

There are secret plans by the Lagos State Govt to provide all registered Okada Riders with LASRAA and NURTW Identification Card with new Mini Buses as a way to Curb the menace of unemployment.



The mini buses will be given to riders who can proof they can drive and possess a valid driver license.



For those interested, visit room 305, block F at the Lagos State Secretariat in Alausa, Ikeja to get a Free Registration Form. When you get there, ask of Mrs. Omobolanle.


If possible, get a letter of introduction from your local govt chairman, local chief or oba or any elected leader or politician.



The registration process closes February 14th 2020.


Kindly note that there are over 10,000 buses to be given. This information isn't public so you can share widely to your family, friends and relations who are affected by the Okada ban.

Copied

LAGOS STATE GOVERNMENT MINISTRY OF TRANSPORTATION

FREE BUS DISTRIBUTION: LASG WARNS RESIDENTS TO BE WARY OF FRAUDSTERS

Lagos State Government has warned members of the public to disregard the fake news trending on Social Media that the State Government was planning to distribute free Mini buses to Okada riders to ameliorate their suffering, describing it as baseless, unconfirmed and a fraudulent attempt by unscrupulous elements to swindle unsuspected innocent members of the public.

Commissioner for Transportation, Dr Frederic Oladeinde who gave the warning, while reacting to the news making the rounds on social media platform that ‘’Lagos State Government was planning secretly to provide all registered Okada Riders with LASRAA and NURTW Identification with new Mini buses as a way to curb the menace of unemployment’’ warned the public to be wary of people of dubious characters.

The Commissioner explained that Block F, Room 305 where interested people were directed to visit in the Secretariat for free registration did not exist while the name Mrs. Omobolanle named as the Officer in charge of the registration was fictitious and non-existent.

“I therefore urge the residents to disregard this trending report on social media platforms that secret plans are underway to provide all registered Okada Riders that have LASRRA and NURTW Identification Cards with new mini buses as a way to curb the menace of unemployment. It is a lie, it is unconfirmed and a deceitful attempt to mislead innocent members of the public’’ Oladeinde warned.

The State Government hereby disassociates itself from this story and warned Lagosians to avoid being duped by unscrupulous elements that have the intention to take undue advantage of innocent well meaning individuals in the society.

Public Affairs Unit
7th February, 2020.

9jatriot:
Why u non come buy my own na, that N3 for do small thing for my life na.

You no tell us say you get some now. I will 'codedly' announce am here when next I need some $.

9jatriot:
This is confusing.

Not at all. Bought at N360 and sold at N357. That was the price on Friday. I bought some at Wuse II 1$ to N360.

DigitalMallam:
362?
I checked OANDA last Friday, $ was selling at N362. I told a friend I wanted to buy some, then he quickly called his aboki who sold to me @360. Hand delivered at my office.

Always use www.abokifx.com for local deals. N360 was the price as at Friday.

9jatriot:
Same Friday I sold for 357, I need to start looking for alternative way of selling, the plaza I change mine always have the same rate and always around this 357.

They did not cheat you. That was the price as at Friday.

This man is supposed to be banished from Yorubaland. He is a big threat to the peace in Yorubaland.