Nakedman:


Did you get payment yet,?

skydiver01:
Yes I did two days ago on the 19th as expected (see below).

Nakedman:


Yet to get mine. Stanbic bank

hustla:
Please o finance gurus

Is there any probability that the spiking fx rates will nose dive in the next few months?

Or more increases to be expected?

Any pointers appreciated

Thanks

oluayebenz:


It will definitely nose dive.
FX can't stay high for long.

I'm predicting 600/USD in the coming months

TotoNaRubber:
With the devaluation of Naira, it is now crystal clear that anyone who invested in ONLY Naira denominated debt instruments without hedging has depleted their life savings.

From 2015 - 2023, the value of Naira has lost more than 380% in value. This demonstrates that no matter how much you compounded in the last 8 years. It is a TOTAL LOSS !



An interesting fact
"A" had $100,000 in 2015 and decided to invest in Nigerian debt instruments. A converted the funds to Naira @ N216/$ = N21,600,000. A locked in the funds for 10 years at 17% per annum.
After 8 years, A had an interest of N29,376,000. A total of N50,376,000 was realised after 8 years.

"B" had $100,000 but was lazy and decided to leave his own in a Dom acc with interest rate of 0.3%. Interest rate after 8 years was $2,400. Today, B decided to sell. Total capital and interest of $102,400 was sold @ N835/$ = N85,500,000. ("He doesn't have to sell yet"

A heard what B did and said had I known. Moral of the story, investing in debt instruments of a declining economy will only make you POOR. There is a reason why Dangote is the richest man in the world yet he uses public debt instruments to fund some of his projects.

skydiver01:
I am sure it will arrive. If not today then Monday... Some custodians take longer to process the payments.

hustla:


Hmmm

600. Will the gov be looking to defend the naira like before?

Doesn't look like we can do that cos it's now floating

oluayebenz:


Floating of fx at this present time causes panic buying which is driving it up madly.

In reality dollar shouldn't be more than 600.

I believe govt will still defend fx as it is, the corrupt people in the Nigerian financial institutions is out of the world

freeman67:


Standard Chartered Bank Mobile App.

Most probably not

I imagine not because bond prices change over time. Besides, you can reinvest the coupons yourself when received. Thus, the coupons simply gets paid into your account

Yes

IYGEAL:


Please I would like to know, if one buys FGN Bonds from SC, will such investment be shown on CSCS?

Also, is it possible to automatically reinvest the coupons, or they get paid into one's bank account?

Finally, is the bank (SC) also the medium through which one sells at the 'secondary' market in case of need for liquidity?

Thanks in advance.

skydiver01:
IYGEAL

Please I would like to know, if one buys FGN Bonds from SC, will such investment be shown or CSCS?


Also, is it possible to automatically reinvest the coupons, or they get paid into one's bank account?


Finally, is the bank (SC) also the medium through which one sells at the 'secondary' market in case of need for liquidity?


Thanks in advance.

emmanuelewumi:



You can move the bond investment to your CSCS account.


You need to get in touch with your Stockbroker, he will advise you on how to go about it

IYGEAL:


Thank you sir.

Will I do this after buying from the broker or the bank?

If bank, will it affect anything when I want to sell through the bank?

skydiver01:
The 2026 FGN bond is due today. So I expect it to drop on Tuesday

IYGEAL:


Please I would like to know, if one buys FGN Bonds from SC, will such investment be shown on CSCS?

Also, is it possible to automatically reinvest the coupons, or they get paid into one's bank account?

Finally, is the bank (SC) also the medium through which one sells at the 'secondary' market in case of need for liquidity?

Thanks in advance.

emmanuelewumi:




If you buy from the Stockbroker it will automatically reflect in your CSCS statement.

If you buy from the bank, the bank is the custodian of the Investment.

You can move it from the custody of the bank to CSCS by writing a letter to that effects. Your Stockbroker will assist you with the paper and leg work .


Once it is in CSCS custody, you can only sell through the Stockbroker and not through the bank

freeman67:



For your first question, it does not show on my CSCS account. The truth is that I just opened a bank account with them through the app and discovered they are efficient, reliable and have investment products I could subscribed to if interested; Like Bonds, TBs and Mutual funds local/int'l. So it's not that I actually opened an investment account where I was required to get a CSCS account or provide 1.

On if you can automatically reinvest coupon, I have not done back before because I have not had a need to so I cannot be certain. However, I think that will be subject to availability of the bond and the willingness of the subscriber to accept the prevailing market rate if available.

On your final question, that is an easy yes. The same page houses the buy and sell options. It is left for you to select the one you want. That said I also feel this is subject to availability of bids and offers too.

Modified

I think Oga Emma has dealt the question effectively. That should allay whatever fears you might have.

OgogoroFreak:
How true is this?

OgogoroFreak:
How true is this?

IyaTola:
Super true

skydiver01:
Kindly find below todays NTB auction results. Rates going up again

OgogoroFreak:
So we can now get upto 18% on tbills?

enque:


Aaahn aaahn!! What's with the high jump...rates 'on colos'

IyaTola:

skydiver01:
Kindly find below todays NTB auction results. Rates going up again