₦airaland Forum

Internetboy:
Yes sure. You can always buy from Secondary market.

freeman67:
So long as it is primary market, First Bank normally debit and put it into custody as soon you apply and the money is ready in your account I have not heard or experienced anything contrary for now. Maybe why they delayed before even deducting it on the 26 was because they couldn't not treat the day you applied.

I think that not minding the rate you wrote.. These days if your money is not upto 50m you cannot bid on your own. The rate you will get is what First Bank bidded and succeeded.

They will not claim anything it is either they have bidded for you at their own rate because it is primary market and your money is not upto 50M or they will return your money back to you. In this case since you stated earlier that you have seen the N808. 00 interest it means it has already been invested for you @ first bank bid rate.

Anyways you can only know the true position of things when you get your proof of investment..

GonFreecss1:
1. About the Eurobond fund, you can do this with Stanbic IBTC asset management, FBN Quest asset management or even United Capital.

2. About real estate, you said my mind. Me and my family have had a nasty experience I have learnt a huge lesson from. The pain till date is still raw. Real Estate in Nigeria in my opinion is risky. From Omonile, to using government land, to them being overpriced, it's just not worth it to me.

GonFreecss1:
Nope. You have it the other way round. The more it is devalued the more people would hedge.

I am beginning to think you guys I trying to heap optimism on an outcome you all know optimism can't help.

If the naira is stable people won't have a need to hedge, no one would even be thinking about it.

I will say this and I will say it again, how many of you low risk takers support Nigerian businesses? Buy stocks? Specifically businesses that will go on to export goods and services that earn forex that would ultimately increase supply of said forex? Because that is the only way. If supply is greater than demand. The truth is, many of you are fine with the Tbills low risk, which is okay, many more are fine with fixed deposits and many many more are fine with leaving their money in their bank accounts, and the banks? They are not lending anyone money, they are buying Tbills up and snacking on it like breakfast.

So I am wondering how a select few in Nairaland or a select few of Nigerians that choose to invest will create more devaluation for the naira, when the way the country is run does that exactly.

The funny part about this argument is if we begin to ask people what they think of this current Administration, many wouldn't have any good thing to say. I am now wondering why people have decided to be optimistic about whatever said government says about the economy you are complaining about. It's surprising and it's also not. My conclusion is bias, because of the low risk easy money. Many can't phantom a world without Tbills, a world without a low risk investment. A world with only high risk stocks is a no-no for them. That's my opinion.

rafindo:
Having followed this thread for some month now. I kind of need some sound financial advice. I have 100k to invest in Ntb by using the I invest of sterling for the next tenor rate of 85 days and maturity date on Feb 28 2019.the problem I have now is am new to the financial market. So I will need advice on which bank has the best rate, if I assume June as pull out date.
Or what are best way to Increase my capital to at least 130k.

secarto7@gmail.com
Highly in need of the directions

Finelinks:
You are a bad student if you have followed this thread for some months yet you don't have an answer to your question.

zamirikpo:
CBN
RELEASE
Q1 ,2019
CALENDER
BIKO....

realjidejamal:
Hi Guys,

Season greetings to you all. So I request for my treasury bill to be terminated on Monday, I got it from secondary market on 12 September, 2018 and the maturity date is 14 February, 2019
Face Value is #825,000
Discount Rate is #783,309.25
Rate is 11.900
Transaction Fee is 300
Safe Keeping is 175.1

I got 40k plus as my interest l.

I received a call from them today, that I will be credited with 801,000 shortly and when I asked them the rate they are selling it. It’s 14.0

My Bank is StanbicIBTC

Our permutation about termination is true afterall and mind you I’m still the Union Bank dude

shiftbutton:
Please what's the process like for Eurobond fund? Do you need to have euro or USD domm account? What's the minimum investment required?

rafindo:
Well noted sir, can I follow you up on some market analysis. secarto7@gmail.com.
Hoping earnestly for your reply.

rafindo:
Having followed this thread for some month now. I kind of need some sound financial advice. I have 100k to invest in Ntb by using the I invest of sterling for the next tenor rate of 85 days and maturity date on Feb 28 2019.the problem I have now is am new to the financial market. So I will need advice on which bank has the best rate, if I assume June as pull out date.
Or what are best way to Increase my capital to at least 130k.

secarto7@gmail.com
Highly in need of the directions

GonFreecss1:
I do the mutual fund type, and yes you need a domiciliary account as that is where your interest will be sent. Minimum is 1,000 USD dollars then a subsequent 500 USD minimum anytime you like.



You can choose between Stanbic, FBN quest or United Capital. They will put you through. Just visit their site, email or call them.

Note Stanbic calls theirs the Dollar fund. Forgotten what Fbn calls theirs. But just talk to them they will understand what you want.

BENARI:
Thank you.

What are the prevailing rates for this mutuals Pls?

GonFreecss1:
They have an average of 7-9%

GonFreecss1:
I do the mutual fund type, and yes you need a domiciliary account as that is where your interest will be sent. Minimum is 1,000 USD dollars then a subsequent 500 USD minimum anytime you like.



You can choose between Stanbic, FBN quest or United Capital. They will put you through. Just visit their site, email or call them.

Note Stanbic calls theirs the Dollar fund. Forgotten what Fbn calls theirs. But just talk to them they will understand what you want.

GonFreecss1:
I have replied you.

ahiboilandgas:
People like this are partly responsible for the devalued Nigeria

lancee:
Exactly...read the news few mins ago..u know how many pple that would have done this for the past few wks without being caught..Too bad

GonFreecss1:
I do the mutual fund type, and yes you need a domiciliary account as that is where your interest will be sent. Minimum is 1,000 USD dollars then a subsequent 500 USD minimum anytime you like.



You can choose between Stanbic, FBN quest or United Capital. They will put you through. Just visit their site, email or call them.

Note Stanbic calls theirs the Dollar fund. Forgotten what Fbn calls theirs. But just talk to them they will understand what you want.

GonFreecss1:
I do the mutual fund type, and yes you need a domiciliary account as that is where your interest will be sent. Minimum is 1,000 USD dollars then a subsequent 500 USD minimum anytime you like.



You can choose between Stanbic, FBN quest or United Capital. They will put you through. Just visit their site, email or call them.

Note Stanbic calls theirs the Dollar fund. Forgotten what Fbn calls theirs. But just talk to them they will understand what you want.

GonFreecss1:
I do the mutual fund type, and yes you need a domiciliary account as that is where your interest will be sent. Minimum is 1,000 USD dollars then a subsequent 500 USD minimum anytime you like.



You can choose between Stanbic, FBN quest or United Capital. They will put you through. Just visit their site, email or call them.

Note Stanbic calls theirs the Dollar fund. Forgotten what Fbn calls theirs. But just talk to them they will understand what you want.

GonFreecss1:
Seriously? Have you ever heard of scarce naira?

I haven't. I don't care what the theory states, I deal with reality and that reality is that total money supply is still an X (money paid by investors for Tbills) + newly printed money + whatever was formerly removed from previous X for the government to pay bills, or interest rates on bonds, tbills salaries etc. On and on... it would have sounded good if we operated on deflation, but we don't. We do not burn our naira. Less naira today still means more tomorrow, and the less that should have been for tomorrow means more for the day after. It's a zero sum game, at the end of the day more money is created. You hide money for the present and reintroduce it in the future, it doesn't change the fact that more money backed by only government trust is created from thin air. Hereby what you have and call money is not value, just a debt system in which the value of money continues to go downwards. Inflation, especially infinite inflation can never help the value of any currency. Current supply means nothing, but total supply over time is the real deal and the major problem of inflation.

If dollar to naira rate moved from 360 naira to 1000 in 1 day, then went back to 360 naira the next day, but after 5 years it's 200 naira to a dollar, no one will remember that 360 naira to 1000 in a day, as it will be like a spec of dust in the charts. We are talking long term effect. [b]It is why I am still looking for a way to calmly reply the guy that gave me a list of calculations to do, with fixed figures and assumptions with a 5 year span. I could also come up with figures and my own year spans to favor my argument. That will be stupid of me as I don't have to do that, why? History is there to show him, me and all of us that over time the dollar has done better with respect to the naira even if we include that small period when we went to 520 naira to a dollar and back to 362, that period means nothing over time, as it will be in years to come if Nigeria continues to handle things like this. Even if you compounded your Tbills, many of you don't know as you can compound your interest so is inflation compounded. That is why we can't spend 1 naira again, 5 naira is useless, and 10 naira is almost useless, I implore all of you to pick an average interest rate and make your principal 1 naira (as in 1 naira note) and compound it over time, then you will begin to understand that anything easy can't make you rich.
[/b]
Oh! No need to reply him again, I think this explanation should do.

So what I am trying to say is if the government keeps creating more money from thin air, taking it back from us is not strengthening the naira in any way, we are just delaying the inevitable, as we usually do in Nigeria.

Can the naira be stronger in the future? Of course, but from what I can see, not anytime soon if we continue like this.

yomi007k:
Has anyone ever invested in the Sikuk bond in the past?

https://www.nairaland.com/4889905/nigeria-issues-n100b-sovereign-sukuk

condomuser:
It seems to be an Islamic bond, when i read the terms and condition of it, it seem to be a bit complicated investing into it. I think it is more risky compared to TB or the use of the funds is to do some Northern projects.