.

And the Crypto situation gets more enlightening.....
Bitcoin’s plunge spells trouble for the dot-com era entrepreneur who went all in

https://www.cnbc.com/2022/06/14/bitcoin-plunge-spells-trouble-for-michael-saylors-microstrategy.html

Good evening house… hope we should be expecting our sukuk2 and 3 rental payment by 16th this month

Boyhood:

Not How, instead you should be asking when did he buy?

He said he bought it 3 months ago....

The question should be, is it possible to get dollar at 430 three months ago?

The story no clear

Both bitco1n and US stock, I dey collect wotowoto.

oluayebenz:


He said he bought it 3 months ago....

The question should be, is it possible to get dollar at 430 three months ago?

The story no clear

Sorry, I actually didn't get where he said 3 months ago hence my comment

Chai... Bitcoin currently $20.3k Kai... Na wa ooo

skydiver01:
Am I seeing double? Bitcoin currently at $25.7k? Kai... Na wa ooo

skydiver01:
Chai... Bitcoin currently $20.3k Kai... Na wa ooo :'

@skydiver01, wetin happen na? All na cruise

skydiver01:
Chai... Bitcoin currently $20.3k Kai... Na wa ooo

There is a thread for crypto currency Investments, you can share the updates there.

Surprised they are now preaching money management, financial planning, diversification, passive cash flow income, budgeting etc on crypto currency thread.


It is good sha.


Experience is the best teacher

oluayebenz:


He said he bought it 3 months ago....

The question should be, is it possible to get dollar at 430 three months ago?

The story no clear

He probably bought from the bank at CBN rate posinhg as a traveler applying for PTA

Goodday Oga in house.

Is it possible to buy 1m from FGN Bond. If yes, how do I go about it.


Thanks in anticipation.

Kindly find below yesterdays NTB auction results.

skydiver01:
Kindly find below yesterdays NTB auction results.

Too low

A fresh bond advert is up on the DMO website as we speak with Auction Date of next Monday June 20, 2022 and Settlement Date of Wednesday June 22, 2022. (https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular/3944-june-2022-fgn-bond-offer-circular/file)

In it there are three offers. Each is worth the same amount of N75bn

13.53% FGN Mar 2025 (10 Year Re-Opening)
12.50% FGN APR 2032 (10 Year Re-Opening)
13.00% FGN JAN 2042 (20 Year Re-Opening)

Can anyone please assist in the simplest way possible, with the correct interpretation of say for instance if one were to key into the third one for this coming auction? Will it simply imply that I would receive 13% of my invested value bi-annually for the next 20 years? If this would not be so, by how much would this 13% be reduced? Your assistance is coveted Gurus. Thank you in advance.

creategist:
A fresh bond advert is up on the DMO website as we speak with Auction Date of next Monday June 20, 2022 and Settlement Date of Wednesday June 22, 2022. (https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular/3944-june-2022-fgn-bond-offer-circular/file)

In it there are three offers. Each is worth the same amount of N75bn

13.53% FGN Mar 2025 (10 Year Re-Opening)
12.50% FGN APR 2032 (10 Year Re-Opening)
13.00% FGN JAN 2042 (20 Year Re-Opening)

Can anyone please assist in the simplest way possible, with the correct interpretation of say for instance if one were to key into the third one for this coming auction? Will it simply imply that I would receive 13% of my invested value bi-annually for the next 20 years? If this would not be so, by how much would this 13% be reduced? Your assistance is coveted Gurus. Thank you in advance.

Before the folks that really understand it come to throw more light on it for you. Please know that the 13% interest there is annual. Interests rates are calculated annually except where otherwise stated. So 13% annually is simply 6.5% bi- annually for 20 years.

I just got a notification for Fidson commercial paper from Afrinvest an thee notice below was added.

*Please note that withholding tax (10%) is now applicable.

Please for information sake has there been change of rules recently for companies floating/issuing commercial paper?

CP's are supposed to be tax free.

Abeg I need help from you oh.

Please I need 40k. And I'll pay you back 20/month in 4 months. That's x2 I desperately need it abeg

Searchingvictor:
Abeg I need help from you oh.

Please I need 40k. And I'll pay you back 20/month in 4 months. That's x2 I desperately need it abeg

Go to loan app

For a re-opening bond, after paying the premium on it, you probably get 8% per annum of lucky, similar to buying bond at secondary market

creategist:
A fresh bond advert is up on the DMO website as we speak with Auction Date of next Monday June 20, 2022 and Settlement Date of Wednesday June 22, 2022. (https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular/3944-june-2022-fgn-bond-offer-circular/file)

In it there are three offers. Each is worth the same amount of N75bn

13.53% FGN Mar 2025 (10 Year Re-Opening)
12.50% FGN APR 2032 (10 Year Re-Opening)
13.00% FGN JAN 2042 (20 Year Re-Opening)

Can anyone please assist in the simplest way possible, with the correct interpretation of say for instance if one were to key into the third one for this coming auction? Will it simply imply that I would receive 13% of my invested value bi-annually for the next 20 years? If this would not be so, by how much would this 13% be reduced? Your assistance is coveted Gurus. Thank you in advance.

Anyone uses iinvest ?
I think it is a very good platform. It is able to get various investment opportunities from various sources into one platform

Searchingvictor:
Abeg I need help from you oh.

Please I need 40k. And I'll pay you back 20/month in 4 months. That's x2 I desperately need it abeg

Na so... Go to your bank oga

Born2conquer:

E con be like sey make person dey hold hard currency make sense pass

When I made this post, dollar was 580, today it is 605.
Eurobond fund is the way to go. If the devaluation trend continues, money held in eurobond fund will return 27% appreciation against naira annually.
7% - from interest accrued
20% - appreciation due to devaluation

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

Nero4306:
Good evening house… hope we should be expecting our sukuk2 and 3 rental payment by 16th this month

Have u been paid?

FGN SUKUK coupon just landed.

Gud Morin hux….. sukuk 2 rental payment just landed. Waiting for sukuk 3

Sukuk 3 landed this morning so, we should be expecting Sukuk 4 to drop by June 29 or 30

Nero4306:
Gud Morin hux….. sukuk 2 rental payment just landed. Waiting for sukuk 3

Sorry am talking about sukuk 3 landed…. Plz when is the payment time for sukuk 4?

Please I need help with this Sukuk coupon payment. I subscribed to the Sukuk of December 2021 at 13%. I received a credit alert for coupon payment far less than what it ought to be. What could be the problem?

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[quote author=sirrotex post=113890081]Please I need help with this Sukuk coupon payment. I subscribed to the Sukuk of December 2021 at 13%. I received a credit alert for coupon payment far less than what it ought to be. What could be the problem? [/quote/]