₦airaland Forum

battleaxe:
@House, good evening.

I have been reading on the differences between a Sukuk bond and a regular bond.

One of the things that jumped at me was the possibility that if you hold till term, you may not necessarily have your full face value investment back due to the valuation of the asset at that future time e.g. 2027 in this case.

This is very different from the regular FGN bonds where my full face value is repaid on expiration of the Bond. I've read the propectus for the first FGN Sukuk which I could find online and it seems to lend credence to this thesis.

Can anyone pls help correborate this? Or I am mis interpreting the information?

Thank you.

That's not correct. A sukuk is the non-interest version of a bond (with a few other differences). Maybe you should quote your source text for clarity

If you miss out on the ongoing public offer of the sukuk, you can still invest via the Lotus Halal fund or the Stanbic Imaan Fund

Akerewe:
what is the different between the two because I cannot understand. Kindly expatiate pls

Read the sukuk FAQs on the website of Lotus Capital as shared by someone earlier.

LegitBitcoinBuy:
Good day bosses and to the boss ladies in the house, I have been following the thread quietly for while now, I have come for your advise on a financial decision I am about to make.

I have 4m in my account and I am still trying to save it up to 10m to be used for a specific project in 2 years time.

While I am still hustling, I would love to put the 4m in a risk free investment that can earn interest from now to 2 years time.

What would you advise me to do? And based on your knowledge in the financial system where would you advise me to invest the money?

Thanks in advance �

No disrespect but if you've been following, you should know the answer already.

I mean, you're on a thread which has a risk free investment as it's subject. Another one has been discussed in the last few pages, discussions are still going on for that particular one. But you still want to be spoon fed.

Grupo:
So, you even know her full name?

Nope.

Emmaesty, is that your full name? I'm asking for GonFreecss1

GonFreecss1:
This is what I was talking about earlier. Do what works for you. Kudos to you.

Oga go and toast emmanuelesther jare

GonFreecss1:
This is a faceless forum, but your name and the way you write looks beautiful.

I don’t have a benz, but I have small assets sha.

NL wedding loading
Venue: Zoom

GonFreecss1:
Not necessarily. Do not underestimate compounding.

This is something sir Barrytone and co have been telling you all from day 1. Sometimes you don’t need to overthink things.

You're missing the point. I'm not sure how I underestimated compounding

X21:
10m is fixed for 7 years
interest at the end of every 12 months is added to it. and reinvested at the beginning of every 12 months
it will even be higher if you build in that half of the yearly interest will be received 6 months earlier

I see what you mean. It's a feasible strategy using the secondary market. But the yield on the reinvested rental could be higher or lower depending on the value in the secondary market. This in turn will either enhance or dilute your overall yield

X21:
this is very true for the investor who does not put interest earned to work.
if you seek out opportunity for each interest received at the same rate of 11.2%
you will end up with 21m at the end of 7 years
the game is all about compounding

yrs rate P int p+t
1 11.2% 10,000,000.00 1,120,000.00 11,120,000.00
2 11.2% 11,120,000.00 1,245,440.00 12,365,440.00
3 11.2% 12,365,440.00 1,384,929.28 13,750,369.28
4 11.2% 13,750,369.28 1,540,041.36 15,290,410.64
5 11.2% 15,290,410.64 1,712,525.99 17,002,936.63
6 11.2% 17,002,936.63 1,904,328.90 18,907,265.53
7 11.2% 18,907,265.53 2,117,613.74 21,024,879.27

I'm not sure this is entirely accurate. You're not getting your 10m back at the end of each year, you're getting it at the end of the seventh year. So it's not possible to add the rental to the principal. You can only invest the rental

Your calculation also assumes that you're receiving the rental at the beginning which isn't so. It's received every half year for seven years.

oluwaleokey:
As advised by one of my oga here... get addicted to this thread and learn more... honestly, its paying... i am applying some of the ideas, knowledge & experience shared here to my business although i am still understudying the numerous investment opportunities that are being discussed here... one day, very soon, i will join the wagon as i have only done bank fixed deposit in the past... i appreciate all contributors here... more Grace guys

On the other news, wifey rarely visit Nairaland however i have been discussing some of the info i get here with her... long story short we had a lil quarrel last night about the "biz biz Investment investment" hunger... told her its for our good and future, you know...
She said, don't i know properly raising kids are more important? infact they are the greatest investment and assets one can ever think of...

the other day, i told her about the must read financial books that was shared here and i am already planning to get all the books... i slept yesterday within having my dinner...

I know, raising (financial, smart etc) kids can sometimes be challenging/diffcult... please can the expirenced here, share some tips, ideas etc... recommend child raising books as well if you know of any...
We have just one beautiful daughter, shes 10 months plus, we got married barely 2years ago

Olujaidi, Ahib, Emma, Ma Sholapey & other bosses make una choke mouth...
Sorry for digressing a little

I don't have kids but I know they imitate your behaviour, imbibe your beliefs and your consistent statements. So, I'd say you should invest in yourself and improve your actions. Make yourself more knowledgeable; watch what you say; let your actions be consistent with what you preach. Explain things on the news to them as well as the implications. I don't know if it's possible to teach delayed gratification though. Make sure your missus is on board.

As they grow older, get them piggybank/Kolo and make sure they put the money in themselves. Make them personally responsible and frequently check on them to make sure they're accountable. Teach them your own skills eg negotiation

ahiboilandgas:
it will lead to the collapse of everthing including our investments.....

Nope. Evolution doesn't mean destruction. It just means that they're going to have to adapt to the differences in the needs and varying knowledge of customers.

ahiboilandgas:
if everbody become too financially intelligent then what happen to the insurance firm that sell annuity,bank deposit etc and their workers ...the system need more of this set of people for job growths and stability....the money in my retirement saving accounts they pain me ..the return is poor i know i will do a better investment more that this firms

The firms would have had to evolve or die. If they recognise that you're savvy, they treat you differently. If the masses were enlightened enough the playing field would be far less uneven

ahiboilandgas:
if u got stable electricity,good healthcare system, relative security and low unemployement index (living wage ) Nigeria will be ok i think

Agreed.

ahiboilandgas:
cos i don't understand how a bank manger on 1m will resign and move to become a gaurd ...this madness i rather die in Lagos traffic...a cheif medical director a surgeoan that conduct over 1000 surgery now uber driver in canada for 5 years waiting for endless licence....with money u can affrord Harvard even from Nigeria ....mc olumo kids are graduating in America university.....is suppose to be for jobless and poorly paid under 40 Nigerians then migration is good ...

Both environments have their pros and cons. There is struggle everywhere in the world. Having money in any environment makes life much more enjoyable

ahiboilandgas:
most Nigerian that migrated dont have better quality of life cos cant imagine moving from a deplux in wuse to a condo of 1000 dollars permonth as my life improving or moving from 34 degree to 0 degree or moving from a brand manager to an uber driver or security man or from eating natural organic Africa food to genetic foods or living according to my income to living on debt of 30 years....

It's not always the case. Even if it were, the immigrant would have to work his/her way up. Its usually that way with first generation immigrants. They usually have to start afresh. It's the same story with the Asians

ahiboilandgas:
sorry it just part of the conversation for educated youths under 40....not necessarily canada it might be us or uk..or Australia...canada is just current most popular with youths ......i saw a documentary of an iraqi surgeon who run a big practice in iraq driving uber to survive in canada ....i rather be the cheif medical director of reggiton hospital Lagos than be a cab diver in canda for a month.....notting go do my children for Najia if money dey

.

Nothing wrong with that. All I'm trying to say is that while money is important, it isn't always the sole motivation for migration.

Theconglomerate:
The bolded is not correct.
Lack of money is in levels.
Someone might have a good paying job here but it still can't afford him what a person in that social strata should have.
Eg a homebase engineer here might feel tokunbo vehicles are too old for him to drive,wants a brand new.
Can hos salary afford him that?
So in his mind,the chest thing to do is migrate.
So you see,it all boils down to money.
All that quality of life talk is just an alibi they create to make people feel they aren't migrating for money issues whereas they are.
If that quality of life thing was true,that you can just wake up one morning and die because you are in Nigeria,then a lot of rich Nigerians would have been running their businesses from overseas.
After all they can afford the living expenses and the technology is there to mitigate the effect of their absence.

Okay

ahiboilandgas:
i was with a cat fish farming he told me he sells over 100k daily ,he told me he has several sale points he supplies pver 20 froozen chick shops including 3 of his ...the net daily profit is over 40k that he can never relocate to canada

Some of the folks who move to Canada aren't moving because of lack of money. Indeed, some of the people who move had well paid jobs. There's just a sense of despair that a lot of people have in the future of Nigeria. You can have money and die due to medical negligence and no one gets punished. I'm not saying it doesn't happen outside Nigeria but there's a fair chance of restitution. A lot of people say they do it for their kids. Quality healthcare, education, security etc.

benebaby77:
I don't think your account is safe with Access Bank. Lost my phone last week and somebody transferred about 100K from my Access Bank account that has no active ATM card using USSD code. One's account needs to have active ATM card for the USSD to be used for transfer and the maximum daily amount is NGN 20K... Access Bank is yet to refund/recall my money

Something is definitely wrong with Access Bank. I'm considering closing my accounts with the Bank.

Consider putting a lock on your SIM card. If it's inserted into a new phone, it'll be required. Be sure not to use a common type eg 1111, 0000 etc

emmanuelewumi:
If you have N10 millon in your account, the highest NDIC will give you is 500k.


That is why CBN and EFCC must be commended for preventing the liquidation of Oceanic Bank, Intercontinental bank, Skye Bank and many other badly managed banks, although the CEOs of such banks would have preferred liquidation of such banks and pay 500k to big depositors after about 10 years or more


After which the notorious CEOs will then go and establish another bank

It's actually a collaboration between NDIC and CBN that prevented liquidation by introducing the bridge banks eg Polaris. EFCC has nothing to do with the liquidation of a bank. Once the license of a bank is revoked, it automatically falls within NDIC's purview.

My opinion is that some of these regulatory interventions create a moral hazard for the banks in operation.

faithfull18:
Hi, it's 9750.

Ok. I'll keep you in mind

faithfull18:
Data is always available, contact us today...

How much for 40gb Airtel

emmanuelewumi:
If you find this difficult, you need to seriously work on your self confidence.

You sound like someone who crave for the validation of others

I'm not married or getting married anytime soon. I'm not in any of those situations. But it is a situation that alot of people face which is why I asked those questions. It would have been better if you'd phrased your statement as an inquiry rather than a conclusion

emmanuelewumi:
Be truthful to yourself, no big deal in saying I can only afford Bleep naira as schools fees.

No big deal in looking like a bad person, if deep within you , you know you are trying your best and you are not a bad person

I totally agree. But it's easier said than done

emmanuelewumi:
Be fully involved in the education and shopping for schools for your children.

But if you are too big that inflated prices won't have any effect with you, no problem and continue doing what you have been doing

I was actually asking that question generally not just for school fees. Are you saying you can't make them responsibility for certain expenses? It might look funny to start auditing the stuff your spouse is in charge of. And then they misrepresent your intentions to themselves and other stakeholders eg kids, in-laws etc so you end up looking like a "bad" person.

emmanuelewumi:
The wife is book smarter than the husband. It is office people that make unnecessary scrutiny.

You get the school bill, make your transfer and the school will return the excess to the woman.

This has nothing to do with structure.

Men can avoid all these by attending the PTA of their children's schools, make friends with other parents. But some of us are too busy pursuing our careers, professions and businesses, traveling to China today and South Africa tomorrow without taking some important things that affect the children and honestly seriously

children will say my mummy has paid my school fees, whereas it was the father who gave excess money to the wife to pay for the school fees

So how do you implement rule of "trust, but verify" in a manner that doesn't create trust issues and lead to further acrimony? Besides if you find this out from one source, the perpetrator can move to another blind spot of yours and continue

NL1960:
Maybe the kids are in primary school or in a less structured secondary school. For a man that pays the wife a monthly salary of 150k, if the kids are in secondary, i expect such secondary to be a structured secondary school with all the online access of bills payment or transfer or draft.

He might simply transfer all the fees to her

emmanuelewumi:
No need to argue further.

Read the millionaire next door. Physicians are referred as one of the highest paid professionals, but very poor with investments and finance. Lawyers are also well paid, they do a better job with Investments and finance compared to Physicians

You can't compare the financial literacy of a physician with someone who works on Walls street, IMF or World bank, where money and finance are the topic of discussions everyday with a Physician no matter how highly paid

I'm not disagreeing with you. I only pointed out a generalisation you made. The same book also talks about investment bankers who make a lot of money but spend a lot to keep up with the Joneses.

emmanuelewumi:
She is richer than the husband. How many surgeries will the husband perform in a year.
She is an Economist and a Finance professional, this people understand the language of finance and money. So forget salaries...


The CEO of Access Bank earns less than N80 million per annum, but over N900 million as dividends.

For people finance, investment income is the real deal

I didn't base my argument on investment income because we don't have those details. Chances are he has investments too.

You'd be surprised that there are a lot of finance professionals who don't know these things. You'd expect an accountant to be prudent or a smart financial decision maker but that's not always the case