₦airaland Forum

Akerewe:
It's here

manwomanok:
pls explain reason for the different rate when all are on 10 years period

Akerewe:
It's here

manwomanok:
pls explain reason for the different rate when all are on 10 years period

emmanuelewumi:
This is not savings bond

freeman67:
3 were originally 10 years and 1 15 years. The 3 of the 10 years were issued at different times and different auctions. The outcome/rates arrived at for those 3 auctions are different.

manwomanok:
Thank you for your reply, for clarity shake, are those three 10 years going to expire in 10 years or different years as stated

since it re-issues, are we going to get the stated yield (rate) as a new buyer

Thank you

Nakedman:
Dollar is now 1400. Naira investment keep getting doomed.

ogawisdom:
Any investment in Naira now is a waste of time.

USD currently at 1425

If you can work in Nigeria and earn at least 1000 USD monthly, you will almost live like a king as USD moves to 2000 with speed.

Tranquility2345:
Live like a king because costs will stay the same as Naira falls to 2000? I feel like giving you serious hot konk on that your bald head

ogawisdom:
Actually you deserve the knock on your oblong empty skull since you cant understand that the man earning in USD can easily stay afloat inflation. Inflation will not affect him and even a nursery 3 pupil understands why. USD will not stay same too.

All our politicians have their loots in USD and are not bothered about ever rising cost of USD. Infact they are getting richer as a result

Tranquility2345:
You are too dull. The only reason people change to dollars is to keep up with rising costs. Not to live like kings. As the Naira dey fall, costs dey go up. Mugu!

You must be an idiot if you think politicians keep their loot in USD because of inflation. Wetin concern corrupt politician with inflation? Politician own na how e go dey easy to store and transport the loot. Yamayama fall on that your dull bald head there! Lazy youth

RayRay06677:
FG bond bidding is 29th, fund your account today

Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

skydiver01:
My account was funded on 22 Jan, 2024 by the coupon payments of my FGN 2026 & 2034 bonds (compounding)

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

So we should convert all our monies to dollars?

Same reason the dollar is feeling fly.

You lost over $100,000 in 4 years and counting

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.


You lost over $100,000 in 4 years and counting

RayRay06677:
So we should convert all our monies to dollars?

Same reason the dollar is feeling fly.

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

skydiver01:
I am quite aware of the Naira's devaluation over 4 years. I am unaffected by it because of my dollar investments as far back as 15 years ago. The FGN bond coupons more than meets my annual expenses in Nigeria and that is super fine with me. Its called diversification. I have a well balanced diversified portfolio that includes FX investments that also pays both coupons and dividends in FX. Don't bother yourself about my FGN bond holdings. My FX investments has covered many times over the devaluation of my FGN Naira bonds you refer to. I am fine because of the benefits of having a diversified portfolio

RayRay06677:
So we should convert all our monies to dollars?

Same reason the dollar is feeling fly.

Tranquility2345:
I understand how you feel. It happens to all of us (including me). Nobody ever wants to admit he or she made a stupid investment decision, especially relating to Naira. There is no way one is better off holding naira long term. No way at all.

The key problem is that it’s never easy to bite the bullet because we always think it’s not a good time to change. Optimists say Naira can rise anytime, can’t you see Dangote refinery is finished?. Then we keep waiting and waiting and waiting while the naira keeps falling and falling and falling until it got to 1400 😔😢

skydiver01:
I am unperturbed. I made the FGN Naira bond investments with the sole objective of the coupons meeting my expenses in Nigeria which continues to hold true today even while the Naira has continued to fall. This is the reason I also made majority of my portfolio in FX investments. My two kids are out of university and in gainful employment. I have no rent to pay in Nigeria because my properties are fully paid for and I am paid rent on one of them. I will give you a simple example (though I have many) of why I am unperturbed. I live a simple life though I do enjoy myself with friends. However, in the last 10 years I have been unable to spend more than N6m a year on expenses. So, even if the Naira falls to N5,000 to the US Dollar, it simply cannot bother me in the least. This is why it is important to have a diversified portfolio. It is meant to balance out risks and continue to grow. I assure you I made a good investment in the FGN Naira bonds because it met and continues to meet my needs and objectives. My Naira investments were never based on an expectation of the Naira appreciating and I am not also interested in converting any of my FX investment's coupons and dividends into Naira - those are for my expenses when I am not in the country holidaying. I hope the above helps put into perspective your assumption of how I feel

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

Zagee:
"My hypothetical 50m" is worth minimum 500m today since 2020. I gained N450m today and counting.

End this dollar/naira battle

Tranquility2345:
Your kids are out of school and employed? 😳
Never knew you were that old o. Abeg if you don’t mind me asking? Please are you bald? 😁

skydiver01:
I am quite aware of the Naira's devaluation over 4 years. I am unaffected by it because of my dollar investments as far back as 15 years ago. The FGN bond coupons more than meets my annual expenses in Nigeria and that is super fine with me. Its called diversification. I have a well balanced diversified portfolio that includes FX investments that also pays both coupons and dividends in FX. Don't bother yourself about my FGN bond holdings. My FX investments has covered many times over the devaluation of my FGN Naira bonds you refer to. I am fine because of the benefits of having a diversified portfolio