TotoNaRubber:
Guys, regarding bonds.

I was told these are the rates
10.9 for 2yrs
11.36 for 3 yrs.

How come someone was quoting 16.2% for yields in bonds, how is it calculated cos most bank staff have no clue.

I did mine in stanbic ibtc. ...ask the private banking section of the bank
But the 16.2% is for 17 year bond. ....

zamirikpo:


Aww....boss, suretrader had issues, they parted ways with there clearing broker. They would now be called F1trade.

Whatever u need....just ask....

TotoNaRubber:
Guys, regarding bonds.

I was told these are the rates
10.9 for 2yrs
11.36 for 3 yrs.

How come someone was quoting 16.2% for yields in bonds, how is it calculated cos most bank staff have no clue.

Jejebabaa:

You are talking about FGN savings bond while the are talking about FG bonds. There is difference please.

Jejebabaa:

You are talking about FGN savings bond while the are talking about FG bonds. There is difference please.

ukay2:



Oga just carry your money enter stanbic ibtc bank.....as them FGN Bonds available in the secondary market. ....they will show you all available bonds with their offer and coupon percentages. ......you just choose anyone you like and you will be debited the same date. ......coupon payments will start on the stated date for the bond.

Very simple. .....



The charge for cutodian fees is the koko thing ....

Stanbic ibtc. ...0.05% of your face value investment x number of years of your bond

Afri-invest (what I saw in their website was). .....1% of your face value investment x number of years of your bond.


I think 1m may be OK for stanbic. ...though I didn’t ask them.



A beg my hand de pain me to type. .....

Anyother information could be obtained from the bank. .....don't forgetto ask the real investment guys in the bank

....bye....

Jejebabaa:

Thanks boss, I received an email from them 5 days ago though and are we still allowed to trade US stocks with them or we have to open a new account with F1trade or it will be automatically be migrated to F1trade.

oluchi557:
Pls what do u people mean by primary and secondary market in treasury bill,biko nu nyere nu mu aka

janga:


Oly igaebido guba from 1st page to understand all this. well primary market is bills issue from FG while secondary markt is that same bills issue from C
BN

oluchi557:



Thanks a lot chukwu gozie gi

eagleeye2:

Odo go anya?

eagleeye2:

Odo go anya?

needful:


U are right sir. Am not within so can't deal physically in the bank. I emailed Stanbic but they categorically told me that I have to be present for the amount of money I want to invest. My presence in that country wont be anytime soon. Is so frustrating though. Gtb told me similar thing also, infact my acct officer with gtb want me to do fixed deposit, later he now started toasting me on the phone to fixed the money in his branch so as to help him reach a target. I completely pulled out. So u see my predicament right now. Time is of essence to me now as I need to pay study fees.

zamirikpo:


With women it's either Bollywood or zeeworld or nollywood.

Am heading to the bank now to apply for Wednesday's auctions.

WE DIE HERE

zamirikpo:


Let's migrate to your thread on stocks before they shout for us here.....

But quickly , suretrader is down and out, they've given their customers two options either to continue with f11trade as their new clearing broker or to transfer their funds out before 8th Nov. And if u fail to transfer out they will automatically transfer u to f1trade.

My worry is that f1trade is a CFD broker.....lets move over to ur thread on stocks before wahala bust here.

Grupo:


Unu n'asuzi Igbo maka na unu fụrụ nwanyị.

SMH!

Jesusbabygirl:
Not all woman, that is kind of insulting

isangjohnson:
Please my brother needs an advice.
He bought three bedroom apartments from Federal Mortgage Bank of Nigeria at 9.2m. Ten percent equity of #920,000 paid and offer letter given. The balance of the money is to be deducted from his salary starting from January next year. He has twenty years left in the service. Amount to be deducted is yet unknown to him. He is planning to deposit 4m with FMBN to reduce the balance as well as the amount to be deducted.
He was equally thinking of suspending the plan especially now that he's yet to know the amount that will be deducted and rather invest the cash in Tb.
From my calculations using Mortgage Calculator, 20yrs tenor will be 14.2m @ #711,840 a year while 15yrs tenor will be 12.5m @ #838,452 a year to complete the payment.
The question is, dropping 4m with FMBN to reduce the balance of what will be deducted and investing the same amount in Tb, which one pays more?

needful:


I choosed to ignore that comment because some peeps surround themselves with empty vessels and they felt every other woman out there are empty vessel too. So pls ignore it to avoid unnecessary arguments. Investing and listening to investment news doesnt make anyone an investment guru as everyone mustn't invest in bond, tbs, and the likes to be rich. Eg, my husband doesnt believe in ur stock and bond but that doesnt make him less of a man. He makes his money from other sources, I wonder how people reason most times shaa.

zamirikpo:


By there comments we shall know them. See u calling someone an empty vessel.........when I've been reading all ur post.

If u were a man I would have insulted the living daylights out of u........

But make I respect myself.

Full vessel.

ukay2:


Sign an email indemnity with them na.

I have one with my bank. .....just email them what u want and it will be effected without your presence

Jesusbabygirl:
Not all women, that is kind of insulting

zamirikpo:


My Bad, I definitely didn't mean every women.

Thanks for ur maturity....it speaks volumes on ur personality, Unlike some olodo we have here.