Adiwana:


Please what is range of amount on offer?? Can one invest up to 25M??

arena07:
I doubt if lot of people will still subscribe to Naira TB and Bond with what is going on in the country....

Ugmama:


People will just come here and say trash.
I wonder if I forced anyone into assistance. My dear, it's left for you to inquire about me through any means. Even if the world will steal, I can never do that. It's not in my DNA. Anyways, please nobody should send me anything or call me. I think nairaland is full of kids

Uchefrancis16:
Hello wise ones I greet u all.

I have about 20 million naira which is a combination of both principal and interest from repeated investment in treasury bill during the gud old days until rates went dust. Since then I’ve refused to put it in again.

With the current economic down turn of the country with this corona virus, how do you suggest I invest this money to be sure I ride above inflation?

This fund is for zero risk investments so it can’t go into real estate or business.

Initially, I wanted to lock it down in a 10 to 30 years fgn bond at 14.85%. This bond was announced early January. I’ve discussed with Stanbic stockbrokers and they’ve opened my cscs account, and insisted I can only buy from secondary market (at 11% to 13%) since minimum amount for primary is 50 million.

However, suddenly I’ve even lost faith in this federal government. Naira is on free fall, federal government so broke that its wants to deep hands into pension funds to build infrastructure and borrowing Nigeria to death.

I need help and suggestions of how to invest this. As well as Eurobonds with good rates. If you were in my shoes, what will u do? Thank you.

Uchefrancis16:
Hello wise ones I greet u all.

I have about 20 million naira which is a combination of both principal and interest from repeated investment in treasury bill during the gud old days until rates went dust. Since then I’ve refused to put it in again.

With the current economic down turn of the country with this corona virus, how do you suggest I invest this money to be sure I ride above inflation?

This fund is for zero risk investments so it can’t go into real estate or business.

Initially, I wanted to lock it down in a 10 to 30 years fgn bond at 14.85%. This bond was announced early January. I’ve discussed with Stanbic stockbrokers and they’ve opened my cscs account, and insisted I can only buy from secondary market (at 11% to 13%) since minimum amount for primary is 50 million.

However, suddenly I’ve even lost faith in this federal government. Naira is on free fall, federal government so broke that its wants to deep hands into pension funds to build infrastructure and borrowing Nigeria to death.

I need help and suggestions of how to invest this. As well as Eurobonds with good rates. If you were in my shoes, what will u do? Thank you.

akinola98:


Was the January coupon payment your first payment? Or have u been collecting payments before without any delay ?
At least I got a little bit relax with your own experience. Thanks for sharing

akinola98:


Thanks for your response but will this be a regular occurrence?? Delay remittances every six months

akinola98:
Guys, pls advise me :-

I was due for my first coupon payment on my 2037 FGN bond yesterday but it is yet to me paid, making me worried
Could there be an issue or the FGN is no longer paying Or what do u think ?
Thanks for responses

9jatriot:
25k vs 256k? This difference is too much na, abi na typo.

emmanuelewumi:



What type of investment, Stock or bonds?

Barrytone:


Thanks and how do you go about it. I have savings account with stanbic and opened Afrinvest account recently

richforever123:



Anybody telling you that you need 50,000,000 is lying, try another organization. The requirements are clearly stated on DMO official website, please see attached, don't let one organization tell you rubbish and you give up like that

https://www.dmo.gov.ng/fgn-bonds

Barrytone:


The cars, house and clothes we bought 10years ago have depreciated or has consumed more money to maintain. Personally, i dont like been too careful. Those securing their money in dollars, what if naira appreciates againts dollars, i have tried my little best by investing. I leave the rest to nature.

IamR:
It's like this FGN Bond is not for small players o.

oludy:


I have been pondering on this question. In 10 years, could we see an exchange of over N500 to a dollar? Any government that allows that would have thrown our country to the dogs. But then, looking back, 10 years ago, naira was exchanging at about N150 to a dollar. Now, it's circa N360. Any thoughts?

emmanuelewumi:


You are right

emmanuelewumi:


Too much money in the system, but why will you buy the commercial paper will that meagre returns?

OgogoroFreak:
You mean everybody seeking this FG bond want to tie their 50mill there?

OgogoroFreak:
This FG bond, what's the minimum amount one can buy from primary market? I never buy bond before o

emmanuelewumi:


Even if it is oversubscribed they will give priority to small Investors.


Union Bank raised N20 billion via commercial papers @5%, pension fund managers bought everything within minutes.

odimbannamdi:


Thanks sir. I will check it out

odimbannamdi:


Sir, do you mean coupon/yearly payment of 13%?

If yes, whats the minimum to start with?

emmanuelewumi:


Not a bad Investment, but it will be oversubscribed .

needful:
FG Bond