₦airaland Forum

All of them are licensed. Just pick anyone of your choice sir.

The total profit is going to be 50k annually and this same amount is going to be paid into your account quarterly.

Please are we permitted to reinvest interest together with the principal in fgn savings bond?

Thanks

I'm begining to appreciate diversification of business. I saw one hotel well packaged with an average single bed of 2,500k a night and double bed of 3,500k a night closed to Dangote Cement Factory in Obajana. The number of people that patronised that hotel were much just because of the "environment it's being sited".
I also saw some hostels around the Kwara State University, Malete being constructed in self contained apartments each and I was told that those ones with water and well fenced go for 250k each per annum while others that not too closed to the school go for 200k per annum.
I'm personally seeing property business as a factor of location. It's not really adviceble (for those going into building and renting) to rent a house to anybody directly without the involvement of a lawyer. In most places, tenants may not even see the landlord through his staying in a particular apartment. Everything is being done by a lawyer and the cash goes into his account when the house is due.
Someone also told me how he is making it in dry cleaning business. He moved to a newly developed site in the city and paid less in shop. He also goes outside to get clothes from his customers and returned them when he's is done.
Tb will never tight us down

Again, is 10.091% rate of 3yrs investment for secondary market?

Thank you.
I've heard of Primary and Secondary Market in Fgn Bond but I've not heard of primary market in Fgn Savings Bond.
Does it mean individuals are not allowed to bid for the primary market of Fgn Savings Bond and that is why it's not pronounced or it doesn't just exist at all?

I'm very familiar with the level of risk involved in Tb, which is very low.
Please what is the level of risk involved in FGN Savings Bond?

Is the current rate 9.091% for 2yrs?
Again, if 5m is logged in for this rate, yearly interest I'm assuming is #454,550 and quarterly interest is #113,637.
Please someone should confirm this calculation for me.

He is planning to go into fgn savings bond. This is the one he is comfortable with

Please someone should help me with this calculation.
If somebody invest 7.5m for 3yrs fgn savings bond @ 14% for example and hold it to the maturity date, what will be his quarterly and annual interest?

Sorry for derailing this forum.
Someone is planning for long term investment and he wants to know how much quarterly interest he will make if he decides to invest 7.5m in FGN Savings Bond for 3yrs at 14% rate.
He's planning to go into this whenever CBN is done with its magic policy.

CBN is ok with stamped duty cash and cash derived from other tax sources.
Why is the President now asking for external loan approval?
I strongly believe the cash already gathered should be enough to finance all the projects.
I'm still looking.

The Nation Newspaper
Buhari seeks Senate’s approval for $30bn external loan
November 28, 2019

President Muhammadu Buhari on Thursday asked the Senate to approve an external loan of $29.96 billion to execute key Infrastructural projects across the country.
Senate President Ahmad Lawan read President Buhari’s letter at Plenary.
Buhari in the letter said he decided to represent the request for external loan of $29.96billion, part of which was rejected by the Eight National Assembly, to finance key projects in different sectors of the economy.
The letter titled: “Request for the National Assembly to reconsider and approve the Federal Government’s 2016-2018 external borrowing plan” reads in part:
“Pursuant to Sections 21 and 27 of the Debt Management Office (Establishment Etc) Act, I hereby request for resolutions of the Senate to approve the Federal Government’s 2016-2018 External Borrowing Plan as well as relevant projects under this plan.
Specifically, the Senate is invited to note that (a): While I have transmitted the 2016-2018 external borrowing plan to the eight National Assembly in September 2016, this plan was not approved in its entirety by the legislature.

Only the Federal Government’s emergency projects for the North East’s four states projects and one China Assisted Railway Modernization Projects for Lagos-Ibadan segment were approved out of the total of 39 projects.

“(b). That outstanding projects in the plan that were not approved by the legislature are nevertheless, critical to the delivery of the government’s policies and programmes relating to power, mining, roads, agriculture, health, water and educational sectors.
“These outstanding budgets are well-advanced in terms of the preparation, consistent with the 2016 date.

“Sustainability analysis undertaken by the Debt Management Office were approved by the Federal Executive Council in August 2016 under the 2016-2018 external borrowing plan.

“Accordingly, I have attached for your kind consideration, relevant information from the Minister of Finance, the specific outstanding projects under the 2016-2018 external borrowing plan for which legislative approval is currently being sought.

“I have also directed the Minister to make herself available to provide any additional information or clarification which you may require to facilitate prompt approval of the outstanding projects under this plan.”

Thanks

Please I need the link to fgn savings bond thread

..... small or large scale I mean

From the look of things, small or large school business is the best for now. Property business is not a bad business. It all depends on the area the property is sited. It's very good for those with large capital because some properties do stay for long period of time without seeing someone to buy them. My landlord's apartments has been lying unoccupied for months now.
The essence of this new MPR introduced by CBN is to tighten everywhere and to limit the circulation of cash in the system.
My cash can't just be sleeping in the bank. I'll channel part of it to laundry business

The Central Bank of Nigeria decided unanimously to leave its monetary policy rate steady at 13.5 percent during its November meeting, as widely expected, to spur economic growth during the fourth quarter of the year while inflationary pressures remain persistently high. In October, headline inflation hit a 17-month high of 11.61 percent, mainly pushed up by prices of food and well above the Bank's target range of 6-9 percent. Meantime, the economy advanced 2.28 percent in the third quarter, the most in three quarters, driven by oil output. Interest Rate in Nigeria averaged 11.11 percent from 2007 until 2019, reaching an all time high of 14 percent in July of 2016 and a record low of 6 percent in July of 2009. source: Central Bank of Nigeria



Nigeria Keeps Policy Rate at 13.5%
The Central Bank of Nigeria held its monetary policy rate at 13.5 percent during its September meeting, as widely expected, as inflation remains persistently above the Bank's target range of 6-9 percent and economic growth remains sluggish. The bank's governor Godwin Emefiele said at a press conference that tightening rates could constrain growth while loosening it could allow inflation to rise, and that holding rates steady would allow the bank to appraise the impact of current policies, such as changes to the loan to deposit ratios at banks, that comes into force at the end of September, aiming to increase lending and foster growth.

Excerpts from the Central Bank of Nigeria's monetary policy statement:

The persistence of policy uncertainties, financial vulnerabilities and rising geo-political tensions continued to cloud the medium-term outlook. This is evidenced by the sustained weakening of global growth across regions, amplified by the persisting trade tensions between the US and its major trading partners, rising corporate and public debt levels.

On the domestic economy, output growth in 2019 is expected to peak at 2.1 per cent (IMF), 2.2 per cent (World Bank) and 2.27 per cent (CBN). These forecasts remain underpinned by expectations of favourable oil prices which would lead to higher external reserves, stable exchange rate, moderate inflationary pressure as government increases capital expenditure, including enhanced flow of credit to the private sector to stimulate investment, sustained CBN interventions in the real sector, effective implementation of the Economic Recovery Growth Plan (ERGP), build-up of fiscal buffers, as well as improved security in the country.

The MPC noted the improvements in the financial soundness indicators and urged the Management of the Bank to sustain its regulatory surveillance to ensure continued financial system stability. On the recent directives to deposit money banks to increase their Loan-to-Deposit Ratio (LDR), the Committee underscored the need to grow consumer, mortgage and corporate credit to drive aggregate demand and ensure a reduction in unemployment and increase in output growth. In addition, the Committee commended the introduction of the Global Standing Instruction (GSI) initiative aimed at de-risking credit in the industry by committing bank customers to repay their loans to banks.

In its considerations regarding the policy options to adopt, the MPC as usual, felt compelled to review the options of whether to tighten, hold or loosen. The Committee noted the positive moderation in inflation, though slowly from 11.08 per cent in July to 11.02 per cent in August 2019. Given that this was still above the target range of 6-9 per cent, and considering the pressure on reserve accretion caused by the relatively weak crude oil price, the MPC felt the imperative to tighten. On the contrary, the Committee was of the view that doing so in the midst of a fragile growth outlook would increase the cost of credit, and further contract investment and constrain output growth. On loosening, the Committee felt that this would result in increased system liquidity and hence, heighten inflationary tendencies in the economy. In particular, the MPC was of the view that loosening would drive growth in consumer credit but without a corresponding adjustment in real sector output. The Committee was also convinced that increased liquidity and interest rate moderation would result in exchange rate pressures as money supply rises.

As regards the option to hold, the MPC opined that the option requires a clear understanding of the quantum and timing of liquidity injections into the economy, before deciding on possible adjustments to the stance of monetary policy. The Committee was also of the opinion that retaining the current position of policy offers pathways to appraising the effects of the suit of heterodox monetary policy to encourage credit delivery to the real sector, especially in the light of the subsisting implementation of the Loanto-Deposit Ratio policy.

In view of the foregoing, the Committee decided by a unanimous vote to retain the Monetary Policy Rate (MPR) at 13.5 per cent and to hold all other policy parameters constant.

The benchmark interest rate for Monetary Policy Rate is being retained for the fourth time. This is interesting. We're still watching

CBN RETAINS MPR AT 13.5%

I will advise you to take your time and check out the next available platform where the cash could be channelled to. If you're not certained or convinced, please hold your cash and what for Cbn next line of action in few months to come.

I believe you didn't ask for fix deposit rate. If you did, everybody in that hall would've asked you, Oga what is the problem? .
We just need to be very careful with our hard earned money else people will start telling sorry soon.

I'm not surprised

It's very unfortunate! This present government is even good in terms policy making that is forcing those idle youths to venture into sustainable businesses. Most of the guys I knew before now were not willing to do business neither were they willing to learn work. They were busy following politicians about because they were making free money from them. All they needed to do then to be popular and relevant in the system was just to join a renounce cult group. One even told me then that federal government work of 80k per month will never move him out of the state, that the only federal job that will make him to leave politics of the state and move out of the state must start from 120k. This is because he was making unsecured cash from politicians. Today, he is driving taxi with his private car.

I can bet you that those investing in agriculture will still be making money in the next two to three years in this country, though the interest rate might be fluctuating.
Borders will be opened once the requirements are made. There are some privilege informations most of us may not get in this faceless platform.
No nation can stop smuggling even in developed countries but the best a country could do to encourage locally made goods is to suppress smuggling. This is the current battle which has been taken to a different stage. It will never be business as usual. No offense please

Anybody with secondary market rate today?

Those that keep paying people to clear the undeveloped plots for them should please handover the plots for me to plan cassava.

I'm still making use of my Probability Formula.
I've some undeveloped plots around and I'll still rent some. I'm planning to divert parts of my fund to cassava farm. I've perfected my plan already and this will give me higher interest rate than Tb and Bond
Cbn can't stop me from making money in this country.

The probability is 0.5 that a certain coin will turn up heads when tossed. If a coin is tossed twice, what is the probability that both will turn up heads?
The big question here is, does the occurrence of one event affect the probability of other event?
If Yes, I go for "And Probability Formula" and if No, I go for "Or Probability Formula"
Investment=Probability.
What works for A sometimes doesn't work for B.

Investment is Maths + Logic.
To buy a house from Mortgage at > 8% and pay cash doesn't really seem good for many investors except those that have extra cash somewhere.
Analysis was given here few days ago. If the house is bought at 20m for example at 6% interest rate, mathematically and logically, it will be wise for one to pay the interest of that house @ 6% for certain number of years while moving the 20m to Tb at higher interest rate and make gain.
6% mortgage is not equal to 11% Tb or 12% FGN Savings Bond.