₦airaland Forum

YOU SEE YOURSELF? YOU SEE WETIN KONJI MAKE YOU DO? NA HIM BE THE SCHOOL WEY DEM SEND YOU?
NOW YOU HAVE BLOOD IN YOUR HAND AND POSSIBLE DEATH SENTENCE.

xpressng:
Anybody would have reacted the way he did, good thing is he realized.

ANYBODY LIKE YOU WITH YOUR KIND OF IMMATURE THINKING COULD HAVE REACTED!

BABE, TAKE AM EASY! NO GO FART FOR WHERE YOU DEY QUARREL

Evaberry:
After enjoying her buttocks and hips

sucking everywhere dry, it's that time your eyes opened abi..

we keep telling men to look beyond facials

we keep telling them beauty fades

we keep telling them to hook that babe who isn't a bambi

but no they won't hear, they will rather go for the one that will give them different positions on the bed, the 1 with the pretty face and the hourglass figure, the one who cares more about her skin than goals later they will come around and start complaining.

sense fall on all useless men out there

ecoeco:
..
cacophonous illiterates

So if a member of a church defrauds u in a personal business arrangement of which d church is not aware nd he donates to the church frm it

D church will come nd pay u abi?

If na like that me in this Nigeria

I hav lost over 15000 to Nigerian conductors running away with my change

I hav lost 3 phones 2 laptops to bona fide Nigerian citizens worth approximately #800,000

Oya Buhari come nd pay me they are ur citizens nd de pay tax

Nonsense
Adulterated fools




#Eco99#

YOU DON'T HAVE COMMON SENSE AND INTEGRITY.
CHURCH IS SUPPOSE TO HAVE MORAL INTEGRITY AND SPIRITUAL DIGNITY.
ONCE IT IS ESTABLISHED THAT THE DONOR OF THE FUND WAS INVOLVED
IN FRAUDULENT PRACTICES, THE CHURCH WAS SUPPOSED TO IMMEDIATELY
RETURNED THE MONEY WITHOUT QUALMS.
FURTHERMORE, WHAT DOES THE LAW DO TO A PERSON WHO BUYS STOLEN ITEMS
EVEN THOUGH HE DOES NOT KNOW IT WAS STOLEN?
GET SENSE!

THIS STATISTICS WEAK ME OOO.
WE WERE TOLD THAT THE NORTH IS NOT CORRUPT BUT THE SOUTH.
MANY OF US BELIEVED IT AND SEE THEM AS ANGELS.
BUT I HAVE ALWAYS HAD MY SUSPICION ABOUT THEM WHEN YOU REALIZED THAT
GEN. ADUSALAM THAT TOOK OVER FROM ABACHA DEPLECTED OUR NATIONAL RESERVE
FROM $11 MILLION DOLLARS IN 9MONTHS TO $2 MILLON WHILE GENERAL IBB NATIONALIZED CORRUPTION.

STORY FOR THE GOD; YOU CURRENTLY EMPLOY ONLY 5,000 PEOPLE BUT HAS POTENTIAL FOR 1,000,000 EMPLOYEES!
HABA, WHY UNA TOO DEY LIE? ARE YOU EMPLOYING ARMY? WHAT RELATIONSHIP DOES 5000 GET WITH 1 MILLION?
HYPING EVERYWHERE TO SCAM THE GULLIBLE.

StephDamielola:



Those set of E-piglets will soon arrive..


They will come to check the culprits name and start an E-War..

NO NEED FOR E-WARS HERE! YELLOW-BAR PEOPLE HAVE STARTED THE REAL WAR BY CUTTING, CARVING AND SELLING HUMAN HEART FOR N10K.
YELLOW-BARS HAVE MURDERED SLEEP!

YELLOW-BARS HAVE BEEN DISGRACING THE NATION FOR TOO LONG A TIME NOW.
HOW CAN A WHOLE HUMAN HEART BE SOLD FOR N10K, THE ENGINE ROOM OF THE BODY
THE PEOPLE CLAIM BEING EDUCATED BUT THEY ARE WORST THAN SCUMBAG.

NwaAmaikpe:



Nice one,
I'm happy she was booted out.
She was thinking the scars on her body will make her a winner.
Unfortuantely, scars are not regarded as talents.

Enough of her 'pity-me' presentations.
Talent not sentiments is what you need in a talent show like AGT.
This is not BBNaija where Efe whipped up sentiments by celebrating and advertising poverty.

I've never taken this girl seriously and she has justified that if she could even say her dreams have come true...just for being on the show?
What will the winner then say.

I know her guardian angel who saved her from that plane crash is even more heartborken now...
If after keeping her alive all she could become is a mere contestant in a Talent show.

YOU ARE JUST A SADIST WHO CAN'T CELEBRATE OTHERS

jobaltol:
Pastor Adeboye was right...Zika was found to be sexually transmitted...Ignorance dey kill o

My friend, ZIKA was 2015 and not sexually transmitted disease but mosquitoes

SHE WHO GOES TO THE BUSH TO FETCH ANT INFESTED WOODS HAS ONLY END UP INVITING LIZARDS FOR SUPPER

I LIKE HER AND HER SCANDAL FREE CARER.
SHE IS EQUALLY INTO REAL-ESTATE BUSINESS

APC WILL BE LIKE THIS........

The Debt Management Office of Nigeria launched a new retail investment programme called the FGN Savings Bonds. In this article, Nairametrics will explain what the FGN Savings Bond means and how you can subscribe to it. We will also explain the difference between this product and other similar ones such as treasury bills. You can call this article the A-Z of the FGN Savings Bonds.

What is a bond?

A bond is a confirmation from a borrower that it borrowed money (cash) from a lender at a given interest rate and repayable over a period. Bonds also include how payment of the principal and interest will be made. They also include the minimum amount that can be subscribed by a lender and in what multiples. Bonds are evidenced by an instrument typically issued by a company or country in exchange for cash.

What are FGN bonds?

FGN Bond is a bond issued by the Nigerian government in exchange for cash at a given interest rate and a repayment period. It also states how payments of the principal and interest will be made. Nigeria has more than one FGN Bond, with each differentiated by their tenor (duration) and interest rates.

What is FGN savings bond?

An FGN savings bond is a bond issued by the Debt Management Office on behalf of the Nigerian government. The bond is tailored and targeted at retail investors and includes a guaranteed interest payment and repayment of the principal.

Why is the government issuing a retail bond?

The government is issuing savings bonds targeted at ordinary Nigerians of all income groups, giving them the opportunity to earn an income through saving and investing. The bond is also expected to help promote the savings culture of Nigerians. Most Nigerians are thought not to save in banks because of very low-interest rates.

What are the benefits?

The bond earns you an interest that will be paid quarterly directly into your bank account.
The bond is safe and is backed by the full faith and credit of the FG. Government bonds hardly default, so you are nearly 100 per cent sure that you will get your money back in full along with the interest.
You need not be rich to invest as anyone with as little as N5,000 can invest in the bond.
FGN savings bond is a good way to save towards your marriage, an occasion, school, project, retirement etc.
You can also use the bond as a collateral to get a loan from a bank.

What are the risks?

FGN Bonds are often said to be risk-free because the Federal Government hardly defaults on debt repayments especially if it is a naira denominated debt. However, being a bond, there are a few risks, should you decide to sell before maturity. Just like a stock, you can invest N1m in a bond and get only N900k in principal. We’ll explain this later. You also face the risk of losing the value of your investment to inflation. If the interest rate on the FGN savings bond is lower than the inflation rate, then your returns are lower than in real terms. In a high inflationary environment like Nigeria, investing in bonds can lead to a loss of value if the rates are lower than inflation.

How much can I invest?

Retail investors looking to invest in the FGN savings bond only need a minimum of N5,000 to invest. Subsequent investment over N5,000 will be in multiples of N1,000. Meaning that you cannot invest N5,500 or N12,700. It’s either N6,000 or N13,000 or N30,000. The maximum amount a single retail investor can invest in the FGN Bond is N50m.

Where can I buy it from?

You can buy it from any of the approved registered stockbrokers. Just ask your stockbroker if they are authorised to sell. It is that simple.

What is the tenor of the loans and what is the interest rate?

The bonds have a tenor of two and three years respectively. Meaning that you can either invest in an FGN savings bond with a duration of two years or one with a duration of three years. The interest rates are determined by the Debt Management Office. They decide what rates they are willing to pay.

How will the interest and principal be paid?

The interest will be paid quarterly into your bank accounts while the principal will be paid at maturity (the end of the tenor, two or three years) depending on what duration you subscribed to.

When did the government start selling FGN savings bonds?

The Federal Government through the Debt Management Office will start selling FGN bonds on the 13th of March 2017.

Will it be issued monthly?

Yes, the FGN savings bond will be issued monthly.

What if I decide to sell before maturity?

You need not hold on to the bond until maturity. If you need cash anytime during the duration of the bond, you can sell your bond in exchange for cash. However, the portion of the interest that you are not entitled to earn because you have sold will not accrue to you any longer. For example, if you buy March 13 and sell August 13, 2017, because you cannot wait until March 2019 (after two years) to get your principal, you will only be entitled to the interest earned between March 13 and August 13, 2017.

However, note that should you wish to sell before maturity, you might pay a transaction fee. Also, because it is a bond, the price you get might be more or higher depending on the market value of the bond.

What is a market value?

A bond has certain characteristics similar to a stock. Being an instrument, bond prices can often be higher or lower than their face value. A face value of a Nigerian bond is typically N1,000. Let’s assume you bought FGN Savings bond at N1m and at an interest rate of 13 per cent per annum. It means that for every N1,000 of your investment, you will earn N130 (also known as the coupon rate). So, if you decide to hold your N1m to maturity, you will earn N130,000 annually.

In the secondary market, bond prices behave like stock and react to the forces of demand and supply. Supposing lending rates in the country suddenly rise to 16 per cent. It means that the bond you bought that earns you 13 per cent is no longer attractive as the FG will only continue to pay the N130 for every N1,000 in Face value.

To therefore earn a return of 16 per cent at the coupon of N130, the bond will need to sell for a face value of N814.11. So, should you wish to sell your bond when the price is going for N814.11, either because you are in need of cash or just as part of your trading activities, you will only get N814.1k (still subject to charges) and lose N185.8. This explains the risks we talked about earlier.

Can I buy even more within a tenor?

Yes, you can subscribe for more provided it is in multiples of N1,000 and not exceeding a total cumulative amount of N50m.

What is the difference between FGN savings bonds and treasury bills?

Unlike treasury bills, FGN savings bonds have a duration of between two and three years. Treasury bills are not more than one year with shorter tenors of 91 days and 182 days.
Treasury bills rates are determined by the forces of demand and supply. The DMO says the FGN saving bonds rates will be determined by them.
Treasury bills interest rates are paid up front. For example, if you invest in treasury bills today, they will pay you all your interest today. For the FGN savings bonds, it will be at the end of the first quarter.
Unlike FGN savings bonds, treasury bills are not sold in the stock market
The DMO has also now said that treasury bills can no longer be sold to retail investors.

Do you still feel like we are yet to respond to all your questions? Drop a comment or send us an email info@nairametrics.com. Visit our website www.nairametrics.com or follow my twitter handle @ugodre

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ABEG AFONJA GO BUY SENSE HELP YOUR PEOPLE. HEADLESS SOCIETY

KONJI IS A BASTARD

MAY THE LORD HAVE MERCY ON ALL OF US!

SEE THEM AND SEE THE MARK AND YOU WILL KNOW THEM!

YOU ARE A FOOL!
CAN'T YOU CONTRIBUTE MEANINGFULLY WITHOUT RECOURSE TO TRIBALISM?

greymiles:
Cursed region! Dey shuld rot in darkness.

Me enjoying 23hrs/7days electricity in oshogbo.

The gods have spoken! he/she that has ear let him/she hear the verdict. the spiritual separation of the south and the north has occur, let no man claim ignorance!

I DARE SAY YOU SOUND LIKE THE KIND OF GUY WHO WILL ABANDON YOUR FAMILY MEMBERS BECAUSE OF A WOMAN. MY GUY YOU SOUND LIKE A FERTILE SOIL FOR MANIPULATION. THE GUY MADE A MISTAKE AND HAS APOLOGIZE SO LET THE MATTER BE.

richyblink1:
Kindly read well or get a recommended glass. I am male for your information, and married as well. My younger brother dare not enter my room without knocking, not to talk of standing after seeing my wife naked. Except he wants to explain his real intentions towards my wife

AFOOOOOOOOOOO. UNA DEY TRY PASS OTHERS SHA

Oya Phyno Lets Move To The Other Room To Complete This Business

EVEN ANGELS ARE BECOMING CONFUSED WITH "SUPPOSED" JESUS FOLLOWERS.

Yoruba and Juju are like this ...........................

BREAD-WINNER/FATHERHOOD
ITS NOT AN EASY JOB.
NO MATHER WHAT, THE CHILDREN SHOULD NOT FORGET THE SACRIFICE OF THE GOOD FATHER