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Investment / Re: Treasury Bills In Nigeria by needful: 11:14am On Nov 08, 2019 |
For this federal govt bond, why is bank minimum investment 50,000,000 and Afrinvest is offering me 20,000,000. Hope this afrinvest is real. Pls someone should confirm this biko. |
Investment / Re: Treasury Bills In Nigeria by needful: 4:21am On Nov 08, 2019 |
Thank you for contacting Afrinvest Securities Limited. The minimum for secondary market FGN Bonds purchase through Afrinvest is N20,000,000.00 (based on availability of the bond) There is no maximum. Please see the indicative bond rates that traded today in the secondary market: Bond Tenor (Years) Yield (%) Coupon (%) Implied Price (N) Jul-21 2 12.35 14.50 103.15 Jan-22 3 12.05 16.39 108.20 Apr-23 4 12.28 12.75 101.29 Mar-24 5 11.98 14.20 107.33 Mar-25 6 12.24 13.53 104.95 Jan-26 7 12.70 12.50 99.11 Mar-27 8 12.55 16.29 117.59 Feb-28 9 12.70 13.98 106.40 Jul-34 15 13.07 12.15 94.00 Mar-36 17 13.16 12.40 94.90 Apr-37 18 12.90 16.25 123.02 Apr-49 30 13.48 14.80 109.57 You can also buy FGN Bond through a primary market auction. The minimum for this is N100,000,000.00 . The Q4:2019 schedule is also attached and the next auction is slated for 20-Nov-2019. I made enquiry from afrinvest and above was what they sent to me. pls can someone clarify difference between coupon and yield. assuming i put in 500,000 at a coupon of 16.29% and a yield of 12.46% for 2yrs. what will be my yearly interest payment and at the maturity, will the capital still be N500k?. Thanks. |
Family / Re: I'm Struggling With Love In My Marriage by needful: 6:06pm On Nov 07, 2019 |
Nigerian marriages lack love and companionship, i almost accepted that norm of no love nor companionship until i left this surrounding only to discovered that people love and cherish themselves until death apart them. Nigerian marriage is all about having kids and money which is the reason why men marry solely to have children while running outside to keep a side chick and women now divert every attention to their children thereby influencing most of their decisions even at adult age. women having know that there is nothing like love and companionship from their male counter parts, now attached a condition called money which is tagged "no money no love" because even if they marry the man as a poor man, the moment he becomes rich, side chick will become the order of the day. @Ops, i vividly understood naija marriage very well. the only solution is to find out what makes u happy and continue to do it because, even if u leave him to marry another, samething will be there. Also note that, why u are crying for love, he will be somewhere enjoying himself. do not live and die of depression, do what makes u happy, if u have enough money, take a vacation and have a nice quiet moment. 4 Likes |
Investment / Re: Bonds Investors Hub by needful: 5:02pm On Nov 07, 2019 |
needful: Pls everyone be careful. I made an enquiry and someone here copied my post and email and replied it. The reply i got didnt even come from Afrinvest. On that note, I wont deal with any afri invest because there are so many agents here. |
Investment / Re: Bonds Investors Hub by needful: 4:20pm On Nov 07, 2019 |
ernie4life: Read what they sent to me above when I made the bond enquiry |
Investment / Re: Bonds Investors Hub by needful: 4:20pm On Nov 07, 2019 |
ernie4life: Trust this mail meets you well. By now I am sure you have heard the news of the new CBN directive to banks restricting the sales of OMO to DOMESTIC Corporates and Individuals but just in case you haven’t heard below is a summary of the directive. Effective today, October 23rd, 2019, the Central Bank of Nigeria directs that individuals and local corporates are specifically excluded from investing in Open market Operations (OMO auctions). Therefore, your participation at the auctions should be on proprietary and non-proprietary basis without these class of investors. Implication. You can’t participate in OMO primary or secondary auctions any longer. As odd as that may sound that’s the current reality but we have good news, you can still enjoy similar benefits by investing in primary and secondary Treasury Bill auction through us. You can also take advantage of the competitive interest rate that our Afrinvest income Portfolio offers. AFRINVEST PLUTUS (MONEY MARKET) FUND The Afrinvest Plutus Fund (“the Fund”) is a money market fund that enables all categories of income earners to invest in low-risk, short-term, and highly liquid securities such as Treasury Bills, Commercial Papers, Bankers’ Acceptance and Certificate of Deposits, among others. The Fund is an open-ended Unit Trust Scheme approved by the Securities and Exchange Commission (SEC), that offers unit holders a diversified portfolio of quality assets. You can invest in the Fund with an initial sum of N5,000 (50 units), with subsequent multiples of 50 units thereafter. AFRINVEST INCOME PORTFOLIO The Afrinvest Income portfolio is a short-term investment product that offers competitive return on capital and invests in fixed income and money market instruments like commercial papers, Bankers' Acceptances, and other secured interest-earning products. The near cash nature of its underlying assets ensures that investors' fund is liquid and at the same time profitable. This product is suitable for risk-averse investors who desire value appreciation with minimal exposure to losses and unstable market conditions FEATURES Short term investments - This enables the investor to benefit from superior rates whilst still maintaining a liquid position.Ease of entry and exit on investment.Addition to and Withdrawal from investment is allowedPrincipal + accrued interest is paid back within 24 hours of maturity or pre-liquidation.Cost effective.No administrative charges or fees.Competitive return on investment.Easy conversion on investment to other asset classes where required.Flexible structure with variable investment tenors as short as 30 days. To invest in any of the above product or bonds( dollars and Naira) kindly reply this mail. Earnest Ajadu |
Investment / Re: Bonds Investors Hub by needful: 4:06pm On Nov 07, 2019 |
akinola98: Are this people good to go?. I sent them a mail enquiring about bond but they redirected it to CBN bla bla Omo circular but they are persuading me to invest in TB. Am just tired of this whole bullshit. |
Investment / Re: Treasury Bills In Nigeria by needful: 4:04pm On Nov 07, 2019 |
healthserve: Of what use are u to this forum sef. If u arent investing in TB, why not go to sectors that does agricultural biz or infact real sector biz. Biko leave this place in peace abeg. I just hate to come here and see ur post littered everywhere. Ejoo, leave. 21 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by needful: 3:48pm On Nov 07, 2019 |
healthserve: One person in disguise. Kontinue, 14 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 1:50pm On Nov 07, 2019 |
Both CBN and reporters are confused set of people. Boason Omofaye (@BBoason) Tweeted: @masterofdisrupt -CBN has not stopped treasury bills sales to individuals -CBN has stopped individuals & local corporates from participating in its Open Market Operations (OMO) treasurys liquidity management -Individuals can still buy the regular Nigeria Treasury Bills (NTB) and treasury bonds (https://twitter.com/BBoason/status/1192362273286819840?s=17) |
Investment / Re: Bonds Investors Hub by needful: 1:46pm On Nov 07, 2019 |
akinola98: |
Investment / Re: Treasury Bills In Nigeria by needful: 4:36pm On Nov 05, 2019 |
ositadima1: Insurance is a pool of risk whereby the fortunate helps the unfortunate. They only estimate the risk involved and bill u according to that but then, that is only estimation as unforeseen circumstances will always take precedence. No matter how u see it, is good to have insurance coverage and is not a waste of money. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 6:25pm On Nov 04, 2019 |
healthserve: U no get work?. How can u be on internet 24/7. Even those of us living over sees with internet everywhere cant be online 24/7. Bros get busy abeg, Do not give me the impression of being a lazy youth according to Buhari. 4 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 6:23pm On Nov 04, 2019 |
emmanuelewumi: Very interesting. Assuming I got a 20yrs bond and feel like selling it off after 5yrs, will i loose or gain. This is the point that banks doesnt wanna clarify. I really need clarification on it. Can i resell after sometime at profit or loss. Ur response will be appreciated |
Investment / Re: Treasury Bills In Nigeria by needful: 4:28pm On Nov 04, 2019 |
ukay2: That is what am going to do now. |
Investment / Re: Treasury Bills In Nigeria by needful: 2:39pm On Nov 04, 2019 |
ahiboilandgas: If I have upto 50m can I do the govt bond that u are talking about. And how do I get it sir. |
Investment / Re: Treasury Bills In Nigeria by needful: 2:14pm On Nov 04, 2019 |
ahiboilandgas:Is there any other bond apart from savings bond |
Investment / Re: Treasury Bills In Nigeria by needful: 12:41pm On Nov 04, 2019 |
Fellow investors, FG savings bond is on from today till 8th of Nov, rate for 3yrs tenor is 11.29%. Is better to secure ur hard earned money than venturing into one get rich quick scheme that will eventually drain ur capital and bring u back to square zero. Do not be discouraged, do not waste ur money before NTB will normalize. My two cent though. 5 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 8:51pm On Nov 01, 2019 |
igbizen: With the narrative above, brother u totally gave out the highest of all comments. Chop knuckle, Hahhahahahhahahahhahahahhahahhahaha 1 Like |
Investment / Re: Treasury Bills In Nigeria by needful: 8:48pm On Nov 01, 2019 |
Grupo: I have been laughing since 3 Likes |
Investment / Re: Mutual Funds by needful: 12:08pm On Nov 01, 2019 |
prestige2013: I noticed same thing. If am withdrawing all my money, they charge me 98k. Is this how they operate? I will write them and find out what is wrong |
Investment / Re: Treasury Bills In Nigeria by needful: 11:45pm On Oct 31, 2019 |
chigo4u: That is my point. Permit me to mention figure, I already calculated 12% of 30m which will be around 3.6m to offset my Bills abroad. U can imagine one yeye bank abi cbn deducting only 10m, the interest will be useless to me. So is better they return the money so I will explore other avenues or options. Am not just in support of that prorating. 3 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 9:16pm On Oct 31, 2019 |
ahiboilandgas: Oga at the top, Biko, no go further. This is a period of sober reflection as this TB saga is affecting the height and might. Give us more biz ideas, this arguement isnt necessary at all. We need money in our bank account� 13 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 7:14pm On Oct 31, 2019 |
zamirikpo: That is arrant nonsense. What right have they to prorate ur money in such a useless form. Are they not supposed to get ur consent before such?. Thanks for letting us know as am going to categorically state it, if the bid wont accept all my money then return it. Simple 7 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 11:45am On Oct 31, 2019 |
Tweetums: U should be scared for a hard earned money 4 Likes |
Investment / Re: Treasury Bills In Nigeria by needful: 11:42am On Oct 31, 2019 |
ahiboilandgas: U are right chairman but the bond right now isnt more than 12%. For fg savings bond. |
Romance / Re: Should I Continue This Relationship Or Quit? by needful: 11:07pm On Oct 30, 2019 |
So because she is from a broken home, she shouldnt divorce If in an abusive relationship abi?, well shaaa, my parents has been together for 40yrs, come and marry me but if u do anyhow, I will divorce u straight away, better to be single and live ur life to the fullest than die in an abusive marriage. Silly bum 4 Likes |
Investment / Re: Mutual Funds by needful: 1:35pm On Oct 28, 2019 |
sabanageorge: Treasury bill and federal govt bond |
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