₦airaland Forum

Thanks, Is this a negligence on the stockbroker's part?

emmanuelewumi:
The bank is the custodian, you will need to write to your Stockbroker and CSCS to move the investment

Good day,
Please do you think It's normal for an FGN Bond June 2025 bought two months ago to still be pending with the bank It was purchased through. I don't have any details of the certificate of the bond on my CSCS account

I contacted the bank and they said it is yet to be listed on Nigerian Exchange Group. is it normal or dem wan job me?

emmanuelewumi:
I can try with the top 5.


Stanbic IBTC Asset Management

FBN Quest Asset Management

United Capital Asset Management

ARM Asset Management

FSDH Asset Management

GT Fund Managers

Meristem Wealth Managers.


You can Google Fund Managers Association of Nigeria for others

Don't do it, a friend tried that and Amazon banned his kdp account.

Amazon is very strict with accounts like Grey.co

Esiman:
I'm affected by this too. Will royalties paid in USD land in grey EURO account successful if i should change the details on Amazon?

Will Smith is that you

Dem don Cash out and japa

Allboiz:
Guys, check your investment with UC Plc. It's showing 0.0 here. Is that a system glitch or what

When I see CBN offering 7 to 8 percent on Savings bond, and 13 percent on FgN bonds, it seems funny.

Real time Inflation has hit 50 percent and they keep offering peanut interest rates, you're better off stocking bags of rice, beverages etc with that money than give it to the government at thesz terrible rates. Dollar is already N600 by year end na like N780, that will be total wipeout of anything denominated in Naira cash investment.

The only ones who takes responsibility for all the mess are the words FGN and CBN, not the governor, not the finance minister. The words are just mere entities, when kasala bursts every investor will be on their own.

jedisco:
In another new... the latest eurobond offering was oversubscribed to the tune of 200% causing a rate reduction from 8.7 to 8.3. Of course the DMO will attribute this to 'invesor confidence' which is untrue. If the effective rate was much lower, I'd agree. The DMO needs to look into whoever is advising them on rates. A 0.5% rate drop would save the nation tens of millions in forex
I'm no economist but commonsense dictates that if I'm spending over 2/3rd of my income to pay old debts, any new debt I'm taking should be at the lowest rate possible.

You definitely haven't been following the property market, I can understand. It's not for the faint hearted.

Labadi69:
Which property has shown tremendous increase in value? In which area? Have you tried to sell a house recently? Stop talking what you don’t know before strong yamayama fall on you this night o

Very similar to what I mentioned here a few weeks ago, the sharp decline with Naira is inevitable, looking at the prices of commodities now can only indicate what will happen in less than a year from now.

I am thinking moving all my Naira to a fixed asset like property which has shown tremendous increase in value from 2020 till now, but then the difficulty remains either buying an already built or buy and build, the more you wait, the more costs go up.

I might just find a reputable real estate company and mitigate the risks to them

pizapato:
Over the last 3 years, the naira has consistently lost about 20% of its value per year

Jan 2020: 1$ = #360 | Dec 2020: 1$ = #460
Jan 2021: 1$ = #470 | Dec 2021: 1$ = #560
Jan 2022: 1$ = #560 | Dec 2022: 1$ = #?

Currently dollars sells between 580-590, by the end of the year it might sell for 660 if the pattern continues.
Investing in dollar dominated asset at 5% per annum will give 25% return annually when you factor in devaluation.

Any investment in naira that is not returning minimum of 20% per annum is not worth it because of the possibility of naira losing beyond 20% of its value in that period.


Better to convert your money to dollar and hide it under your pillow

I have N1000 on betnaija acc to give away, just quote n tell me how to send it to your betnaija acc.

It has been cheaper to use bank notes of Venezuela to wipe your ass than use tissue paper.

This is how much you need to buy just one role of tissue paper.

Naija comes to mind

Imagine, a re-opening bond, why can't they let the initial bond and invested sum run and complete it's tenure if not greed? The terms are that the,13 percent you see may drop to 9 percent after settling initial creditors.

I have seen situations whereby an initial bond request was to borrow N150 billion but he turn out was massive and the FGN ended up borrowing N250 billion (This is disguised fraud) and no one is saying anything about it.

Now they want to bring back toll gates, giving money to Naija govt now looks like lavishing money on a girlfriend, when una break up and you ask her of all the loans she go tell you say you don chop am for kpekus.

Not discouraging you but beware !

Dum20:
March FGN Bond is next week.

@emmanuelewumi

Please is this a good deal? Considering the war in Ukraine and 2023 elections.

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From the part circled what is the interest rate?

Yes very possible, some people here that bought FGN bonds sometime at the primary market with maturity up till 2037 are enjoying over 16.5% coupon, that's approx 50 percent interest in 3 years.

Mohzus:
50% in 3 years

There are so many ways, it costs me money to find two working ways, unfortunately I can't spill it on a public forum or even in private cos what works for me won't work for others.

All I will say is look deep and keep doing feasibility studies. I can't put any Naira into anything less than 15 percent a year, the ones I'm doing now gives me at least that minimum within weeks. Everybody keeps learning, devaluation has done me strong thing, some people will never fully understand as classroom don't really teach these things.

The FGN rates are very tempting and hard to ignore but in a dwindling economy hmmm.

chigo4u:
Buy dollar 430 from where

I don't think anyone in their right mind would invest N5K in bonds, just printing the forms already cost N500 per page in some locations, internet N3500 per month.

For N5K investors, better use it buy one carton of Hero.


Anything less than N50K I would suggest buying USDT Crypto, N50k and above try buy dollar at N430, Naira will never go below that in the history of mankind.

N10 million and above, property in a developed area will surely payoff.

Labadi69:
For someone with large funds, you can’t keep it idle or blow it na but for someone with only 5k?? Isn’t that madness to put it in bonds? I repeat if you have 5k, you are poor. Just enjoy that money today. Feel fine and gain the full utility. Keep it in bonds and after years of devaluation, that money is completely useless in this shithole

I was just thinking about this in the last few days, investing in FGN Bonds to gain 10% that is if they pay immediately upon maturity otherwise it will be 9.smthn% that is if held till maturity meanwhile the new govt, that will enter must surely devalue say by 15 percent for the next 3 years of the bond's tenure.
Buhari has already devalued by 35 percent from 2020 till now.

Keeping the funds idle will be worse off, in my opinion, it's better to invest in something stable or something will at least 50 percent appreciation over the next 3 years.
Any ideas?

Labadi69:
Yamayama nack your oily bald head for this rubbish wey you just type.
You are getting 10% from Nigeria gov while currency dey devalue faster and you think you are making progress with FGN instruments? You are daft

Good morning,
What are your thoughts about bonds like these.

Is it guaranteed capital will be paid back upon maturity and coupon payments of 12.7 % maintained throughout the tenure

emmanuelewumi:
Sorry, I thought he was referring to his coupon

Oh really, for nearly a month nothing on N25 million chai.

How long does it take from the time you apply with the stockbroker to the time it lands in your bank account?

ukay2:
You have to apply for redemption of your capital with your bank or stockbroker to get the capital of your investment.

CBN will not just pay you the fund until you fill the redemption fund.....this is unlike treasury bills that come automatically at the maturity date.

I have done 3 FGN bonds that matured and that was what l did to get my funds..

...

Good morning, just to know if it's normal to be owed the bullet payment after 3 weeks of FGN bonds maturity,?
The capital hasn't dropped after 3 weeks.

emmanuelewumi:
It is paid by CBN. You will get your fund

Good day,
Is it normal for a matured Bond bullet payment to be delayed by the bank, the bank said it is CSCS that will pay and it may take more than a week for it to drop?

emmanuelewumi:
Do you have a link to the details of the allotment?

Thanks a lot


[quote author=WibusJaga post=107126847][/quote]

Thanks a lot

rabankonchas:
.

.

Can anyone come up with solution to these questions.
There are some examples below; please show workings:
Regards

Thanks
Furthermore, pls do you know if someone who applies to study in Canada is eligible to apply for permanent residency after one year course?
Also, do you have any idea of the living expenses that needs to be shown to stand a great chance of getting the visa?

viviangogos:
1) for schools that offer your course of choice, use the below link to do your search:

https://w05.educanada.ca/index.aspx?action=programsearch-rechercheprogramme&lang=eng


2) Career / academic progression is an important aspect to convince the VO for a successful visa application. If you are currently working in a particular field, submit proof of your work and why the studies will help you in your career. If you are fresh out of school, then you need to show progression in your study area. However, people do change career but your SOP will be very convincing enough on why the change, job availability in country of residence, and what value the course will add to you and your country in other to have a successful application.

All the best.

Hello everyone,
Please I would like to know any link to schools in Canada that offer social welfare courses and details of the tuition fees.

For someone who studied business management course in Nigeria, would it be favourable when applying to for a visa for a role opposite what the person had studied at the University.

Also, what are the likelihood of getting jobs while studying and supporting oneself as a student over there and which city is more open to job opportunities?

Thanks in advance

Cheers champion, top man

matrix199:
Too easy.



The sum of A+B+C+D+E divided by the number of the vertices of the polygon(pentagon) gives F(centre figure/number)




1. 1+1+4+7+12 = 25/5 = 5.

2. 9+2+1+3+0 = 15/5 = 3.

3. 10+20+30+50+E / 5 = 30
110 + E = 30 x 5
110 + E = 150
E = 150 - 110
E = 40

4. A+10+8+9+7 / 5 = 8
A+34 = 8 x 5
A+34 = 40
A = 40 - 34
A = 6.

5. 13+30+2+14+1= 60/5 = 12.



Winks!

Can anyone come up with solution to these questions.
There are some examples below; please show workings:
Regards

The one Stanbic sent you seems to be the Investment account for the SUKUK Bond 2020 while the one he sent to you is SUKUK ISSUE PROCEEDS ACCOUNT 3 - seems to be a sukuk interest payment acccount.

Akerewe:
thanks for your swift response phyde but this is the account number that was sent to me from stanbic bank *

Account Number -0035763997
Account Name- SISL/FGN SOVEREIGN SUKUK OFFER 2020
Bank Name- Stanbic IBTC Bank Plc*


Please
Great investors in the house, kindly help me verify which one is genuine between the two and why there is different in what I received from what phyde sent.
Thanks in anticipation

Guys this Buhari/Osibanjo campaign just reminded me of the possible outcome of long term investments.
5 years ago dollar here was at N216/$, now dollar is N440/$.

Does it mean in 5 years time dollar could be N880/$.
That means if you convert and invest N5m ~ $11,111 in Sukuk bond, after 5 years interest on 5 years will be N2.8m then reconvert capital + interest to USD i.e N7.8m/N880 = $8,863.

It will feel like I swallowed my pride after 5 years.