₦airaland Forum

ernie4life:
Yes, withholding tax is applicable to Fidson.

Not much difference considering we are also deploying the funds to infrastructure project to aid bridge the infrastructure challenges we face as country, however, we are consciously avoiding investment in oil and gas projects.

In light of the current high-yield environment, we are aiming for a return of 23% to 24% which represents the yield on a 10 years FGN bond plus 4 percent.

Our coupon payments will be distributed on a semi-annual basis, and we intend to list the fund on both the NGX and FMDQ exchanges.”

Thank you for your reply. Any CP without WHT in the pipeline. I want something better or at least commensurate with the present CP rate considering the risk involved.

freeman67:
Thank you for your reply. Any CP without WHT in the pipeline. I want something better or at least commensurate with the present CP rate considering the risk involved.

None that am aware but when it's available, I will ensure I share on this thread

ernie4life:
None that am aware but when it's available, I will ensure I share on this thread

Ok, Thanks.

So I heard DLM is net and will close tomorrow

ernie4life:
So I heard DLM is net and will close tomorrow

Wow..Thanks. I tried contacting FBNQUEST and DLM itself about but I didn't get any reply from them and I don't like to do anything of that nature with Afrinvest again.

freeman67:
Wow..Thanks. I tried contacting FBNQUEST and DLM itself about but I didn't get any reply from them and I don't like to do anything of that nature with Afrinvest again.

Please help a brother, why are you avoiding Afrinvest?

RayRay06677:
Please help a brother, why are you avoiding Afrinvest?

Nothing serious sha.

First of all, I did a termed investment with them recently, it matured and my money was not paid complete as stated it was stated on the terms. It was short though for an insignificant amount but that was the first time I have experienced that. They was not reason at all to do that. I complained and there was not tangible response.


Secondly, arbitrary charges on CP'S. I have done several CP's with different firms. The cost of CP is to borne by the issuer just like Primary Market TB and FGN Bond. However, with them it doesn't suffice. They will charge the customer and him they are just stock brokers.

freeman67:
Nothing serious sha.

First of all, I did a termed investment with them recently, it matured and my money was not paid complete as stated it was stated on the terms. It was short though for an insignificant amount but that was the first time I have experienced that. They was not reason at all to do that. I complained and there was not tangible response.


Secondly, arbitrary charges on CP'S. I have done several CP's with different firms. The cost of CP is to borne by the issuer just like Primary Market TB and FGN Bond. However, with them it doesn't suffice. They will charge the customer and him they are just stock brokers.

Thanks boss

ernie4life:
So I heard DLM is net and will close tomorrow

Good day @ernie4life I greet you. Abeg, how far with the just announced Coronation MB CP, Is it net?

They sent out a higher rate for 270 days and later readjusted it. Why na?

freeman67:
Good day @ernie4life I greet you. Abeg, how far with the just announced Coronation MB CP, Is it net?

They sent out a higher rate for 270 days and later readjusted it. Why na?

Good day bro,

it's gross,

The first discount rate was not accurate so it was corrected.

ernie4life:
Good day bro,

it's gross,

The first discount rate was not accurate so it was corrected.

Ok. Thanks, I appreciate.

Now Open and its net.

Good investment.

Do your due diligence!

ernie4life:
Now Open and its net.

Good investment.

Do your due diligence!

Correct.

Another week another offer.

CP OFFER

Dangote is in the market and the return is quite impressive

ernie4life:
Dangote is in the market and the return is quite impressive

Minimum of 5M is there any app that allow to invest below that amount

abraolas1:
Minimum of 5M is there any app that allow to invest below that amount

Not sure there is any

Valency Agro is in the Market

iamrichiefola:
Valency Agro is in the Market

Una see wahala ba...? We never talk of WHT finish. Some firms are just looking for ways to squeeze their investors/customer dry. This one's dey put 0.5% commissions as arranger/agent oo. For God's sake they are supposed to be looking out for how to get the required funds for the issuer because they are being paid to market this stuff ooo. E come be this Era of sweet treasury bills no wahala maybe instructional investors go carry everything sha.

Please kindly share commercial paper investments here, Thanks

RayRay06677:
Please kindly share commercial paper investments here, Thanks

Unfortunately, all these 3 that were in my sent to my mails from previous weeks expired last week. Then I don't have any fund for it. Now like you I will be looking for anyone between next and upper week too.

Maybe @ernie4life go help if anyone available presently if he gets the chance to come around. Let's wait and see.

freeman67:
Unfortunately, all these 3 that were in my sent to my mails from previous weeks expired last week. Then I don't have any fund for it. Now like you I will be looking for anyone between next and upper week too.

Maybe @ernie4life go help if anyone available presently if he gets the chance to come around. Let's wait and see.

The last one is lucrative. Thanks and let's hope for something new for the incoming week.

RayRay06677:
The last one is lucrative. Thanks and let's hope for something new for the incoming week.

Yes ooo. It will be better that way. At least it has kept me off TB for a while. Just about two little ones I did of recent.

No update from any of the firm I subscribed to yet. It seems this reduction in TB rates recently is confusing firm that intend to seek funds.

I also want to be informed about new ones please

Okay, here is a new one.

Thank you

freeman67:
Okay, here is a new one.

freeman67:
Okay, here is a new one.

This is usually net of withholding tax but please confirm from your financial adviser

ernie4life:
This is usually net of withholding tax but please confirm from your financial adviser

Thanks bro. Yes, the series 7 I did was net of withholding tax.

Available commercial papers for interest persons.

freeman67:
Available commercial papers for interest persons.

Bros, who is handling this investment, is afrinvest involved

RayRay06677:
Bros, who is handling this investment, is afrinvest involved

I got the notifications from GMB, Coronation MB, UCAP and FBNQUEST. Each for any one they are involved. Afrinvest did not send me any notice for any of them, so I am not sure they are involved except if later sublet to them.