emmanuelewumi:




I bought N920 first week in September, N1040 on 6th October, N1040 on 17th October, 1140 on 19th October and N1190 9n 21st October.

And you are not yet planning to sell

Tohmey:

And you are not yet planning to sell

They are invested, the one bought on Saturday will be invested today

emmanuelewumi:





They are invested, the one bought on Saturday will be invested today

Sorry to ask which platform do you use to buy
And what is there minimum buy amount,
The one am using to buy no longer have $USD at the moment

Tohmey:

Sorry to ask which platform do you use to buy
And what is there minimum buy amount,
The one am using to buy no longer have $USD at the moment

Bureau de change at Airport Hotel and another one at MM2

emmanuelewumi:





They are invested, the one bought on Saturday will be invested today

Please which platform do you invest. Also, how do you invest by USD cash payment since most platforms available accept only transfer.

emmanuelewumi:




Bureau de change at Airport Hotel and another one at MM2

Oh!!
I thought it was online purchasing

Allboiz:


Please which platform do you invest. Also, how do you invest by USD cash payment since most platforms available accept only transfer.

Open an eurobond account.( I use FBN Quest) Open a dorm account with standard chattered. Pay in your dollar into your dorm account, transfer it to your eurobond account.

You can also use any other dorm account but you will pay excessive transfer charges.

Itsrm:


Open an eurobond account.( I use FBN Quest) Open a dorm account with standard chattered. Pay in your dollar into your dorm account, transfer it to your eurobond account.

You can also use any other dorm account but you will pay excessive transfer charges.

I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

emmanuelewumi:



I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

Can one invest in Eurobond through Stanbic Stockbrokers or MorganCapital?

Wow, the way things are going, everyone is betting against the naira. This will make a bad situation worse.

Adinije:
Can one invest in Eurobond through Stanbic Stockbrokers or MorganCapital?

There is difference between mutual funds and shares


You can buy Dollar fund through Stanbic IBTC Asset Management and not through Stanbic IBTC Stockbrokers

emmanuelewumi:



I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

Makes sense. Not sure if FBN quest offer the same.

Dum20:
Wow, the way things are going, everyone is betting against the naira. This will make a bad situation worse.

Honestly.....
It will be terrible.

Those savings their USD in domiciliary account are not safe.
CBN is watching closely

Itsrm:


Open an eurobond account.( I use FBN Quest) Open a dorm account with standard chattered. Pay in your dollar into your dorm account, transfer it to your eurobond account.

You can also use any other dorm account but you will pay excessive transfer charges.

There's no standard chartered branch in my location. That'll be hard. Thanks by the way.

emmanuelewumi:



I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

I use United capital as well but it's been a while I funded the account since fcmb stopped USD transfer. How do you fund it now?

Allboiz:


I use United capital as well but it's been a while I funded the account since fcmb stopped USD transfer. How do you fund it now?

Walk into the bank or make a phone call to United Capital

Itsrm:


Makes sense. Not sure if FBN quest offer the same.

They dont offer asset backed loans

emmanuelewumi:




Walk into the bank or make a phone call to United Capital

I'll give them a call then. Thanks

oluayebenz:


Honestly.....
It will be terrible.

Those savings their USD in domiciliary account are not safe.
CBN is watching closely

They should invest the funds in forex denominated assets

emmanuelewumi:


They should invest the funds in forex denominated assets

Best way to go

oluayebenz:


Honestly.....
It will be terrible.

Those savings their USD in domiciliary account are not safe.
CBN is watching closely

Wanted to buy some dollars today for investment aboki dey quote me #1,240 per $. This is ridiculous, we don't know if there could be any intervention by the CBN soonest, everything just tire me. Try and error governments

🏦

Foodempire:


Wanted to buy some dollars today for investment aboki dey quote me #1,240 per $. This is ridiculous, we don't know if there could be any intervention by the CBN soonest, everything just tire me. Try and error governments

1,240 dollar 🙄
That's too ridiculous

I've been thinking and wondering how government can intervene....
CBN claiming they have insufficient fx to defend naira,,,, I'm afraid honestly.

They might only pegged dollar at 1k

VeeVeeMyLuv:

When govt is working u will know

That one that maintained it at N150 - N180 for years, Nigerians did not know or appreciate the humongous work they were putting in behind the scenes

Omo
I don't even know what to say.

What happen to naira since then na misery

Foodempire:


Wanted to buy some dollars today for investment aboki dey quote me #1,240 per $. This is ridiculous, we don't know if there could be any intervention by the CBN soonest, everything just tire me. Try and error governments

There is no better time to buy. If CBN intervenes and it crashes after you buy, even better. You buy more and average down.

emmanuelewumi:



I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

Hello bro.
Please explain to me how it works.
This eurobond, what is the interest rate per annum if I invest? And does it mean I can borrow 80% of my equity with an 18% interest rate per annum? Can I decide to invest this 18% back?

emmanuelewumi:



I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

Pls I'm new in these thread. I started following due to my quest for investments and money security. Pls concerning the United Capital and FBN Quest, what is the minimum amount one can invest in this eurobonds?
Thanks in advance for your replies!

Itsrm:


There is no better time to buy. If CBN intervenes and it crashes after you buy, even better. You buy more and average down.

This is the most stupid comment I have ever read here.. Yamayama fall on the bald head of any Dundee wey listen to this hopeless advice

GiftAbia1:


Pls I'm new in these thread. I started following due to my quest for investments and money security. Pls concerning the United Capital and FBN Quest, what is the minimum amount one can invest in this eurobonds?
Thanks in advance for your replies!

$1000, then minimum top up of $500

emmaodet:


Hello bro.
Please explain to me how it works.
This eurobond, what is the interest rate per annum if I invest? And does it mean I can borrow 80% of my equity with an 18% interest rate per annum? Can I decide to invest this 18% back?

If you buy direct you will need a minimum of $200,000 and earn up to 8%.

But if you buy the mutual fund you will need $1000 and earn between 5% to 7%. Minimum holding period is between 90 days to 180 days or else you will lose 20% of what you gained or earned

emmanuelewumi:



I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum

Eurobonds issued by Nigeria, Kenya, Ghana and all these struggling African countries are not risk free…where will they see the USD to repay when the time comes

Wotowotoman:


Investing in Eurobonds issued by a country like Naija that is struggling to raise FX is as good as keeping your money in Naira. Go and find out what happened to Ghana Eurobonds investors when it was time to repay principal…

Eurobonds issued by Nigeria, Kenya and all these struggling African countries are not risk free…where will they see the USD to repay when the time comes

Eurobond is different from the local bond. With the local bond, the government can decide to print more Naira.


There are professional advisers to debt offers, issuing houses, corporate lawyer, Trustee etc for the local sovereign debts these professional advisers are Nigerians and based in Nigeria, for Eurobond these professional advisers are foreigners and not based in Nigeria.


Ask Osun State government during Aregbesola era when the state got funding from the debt market, investors were paid before CBN sent the monthly allocation to the state government