From what I read on the official DMO website FGN Bonds do not need 50,000,000
https://www.dmo.gov.ng/fgn-bonds

jobark:
if the figures branded by ALAT Wema Bank are anything to go by (10% PA with interested paid every month giving room for compounding) I see it as a very viable option which will allow you maintain fantastic liquidity and security (holding period is 30 days).

it will likely serve as my transition account as i wait for better opportunities

Demo on the App shows a daily return of N246.58 for 1Million Naira

Monthly return: Average - N7,397.40

This falls around 8.8% PA, I guess larger sums may attract more %

This is a starter pack for investment

ahiboilandgas:
they open top to siphon ,

My experience is using 4 seals, one each for the three opening on top and one for the discharge compartment. The chance of theft will be very low is this is done

emmanuelewumi:



Wanajo, Oracle, myself and other top analysts are in my WhatsApp group analysing and discussing different companies, industries, businesses and investments in Nigeria.

Sir emmanuelewumi, I would like to join this group. Please kindly share the link or let's know how.

Thank you everyone here for the very good contributions on this thread. I have learnt so much.

Tabuse20:


Sir emmanuelewumi, I would like to join this group. Please kindly share the link or let's know how.

Thank you everyone here for the very good contributions on this thread. I have learnt so much.

I will like to also join.

Tabuse20:


Sir emmanuelewumi, I would like to join this group. Please kindly share the link or let's know how.

Thank you everyone here for the very good contributions on this thread. I have learnt so much.

On a second thought, please disregard sir emma, let the learning continue here. I do not want to derail the thread, and i respect people's privacy. Disregard the mail too. All is well. �

TissuePaper:
the person you are insulting can buy your whole life 100times...I'd sit down and listen to the elders if I were you

Stupid talk. Nobody can buy anybody's life even once.

Nobody created anybody except Almighty God.

Wickedtruths:


Dangote Group
Union Marble House
1 Alfred Rewane Road,
PMB 40032,
Falomo Ikoyi,
Lagos.

Go there and tell him yourself. I'll suggest you carry along your 419 farming proposals you litter Nairaland with.

Lol. Dude, how you dey. I'm sure that's a scam proposal too. Continue wasting your existence. Don't put your life to meaningful use. Ode. If your fada had invested in a cocoa farm instead of your worthless education by now he would have been reaping steady returns... Way much more than your worthless existence, you Son of a wh0re


Keep seeking my fall like my real life is anything on here. Oode. My intellect and success will drive you madd. Go find meaningful use for the rest of your lame existence and prove me wrong that you're not a waste of sperm



I'm done been civil with your sorry arse. If only your mum had aborted you using the cowrie your fada let on the side table, we won't be suffering the lunatic displays of your wasted life. Eediot



FYI no one has ever fought me online or real life and won the war. None.

emmanuelewumi:



He bit more than he could chew, expanding too fast into the midstream and upstream.

Oando and Total were the biggest in the downstream business.

One of the key reasons why businesses fail is OBSESSION WITH GROWTH. This greatly affected the likes of Oando

unite4real:


One of the key reasons why businesses fail is OBSESSION WITH GROWTH. This greatly affected the likes of Oando

The growth was highly leveraged coupled with the recklessness and mismanagement by the CEO and his very young goons.

Wale was about 33 years when he and his goons that is Mofe and Jite bought FG shares in the defunct Unipetrol.

The purchase of FG shares by the trio was equally highly leveraged, even though there were other consortia and groups who had the financial muscles for that type of acquisition.
No wonder Wale embarked on asset stripping immediately he and his goons took over the affairs of Unipetrol now Oando

Has anyone been able to place bids for the FGN Bond postal earlier?

damilola1978:
Has anyone been able to place bids for the FGN Bond postal earlier?

i couldn't raise the 50m required so i invest on union bank commercial paper. am just desperate as i need school fees, couldnt wait less i pay fees from my capital. just preserved the capital till when bills improve.

Barrytone:



i couldn't raise the 50m required so i invest on union bank commercial paper. am just desperate as i need school fees, couldnt wait less i pay fees from my capital. just preserved the capital till when bills improve.

Anybody telling you that you need 50,000,000 is lying, try another organization. The requirements are clearly stated on DMO official website, please see attached, don't let one organization tell you rubbish and you give up like that

https://www.dmo.gov.ng/fgn-bonds

richforever123:



Anybody telling you that you need 50,000,000 is lying, try another organization. The requirements are clearly stated on DMO official website, please see attached, don't let one organization tell you rubbish and you give up like that

https://www.dmo.gov.ng/fgn-bonds

like i said, was desperate, my kid is yet to resume as i like paying bfor sending them forth. am not in town but due back on Thursday so ned money handy before Thursday to clear their fees. i read DMO advert and saw the 50m myself. i didn't see this particular instruction and also wouldn't love to start moving funds all over again. it took me the whole weekend to complete the transfer as daily limits prevented me from doing transfer all at once. am not around as i type so cant use the bank. in future, will look carefully and probably wouldn't wait till its critical, the xmas played a part in my failure. in all it was fees that i seek and i will have it.

Barrytone:


like i said, was desperate, my kid is yet to resume as i like paying bfor sending them forth. am not in town but due back on Thursday so ned money handy before Thursday to clear their fees. i read DMO advert and saw the 50m myself. i didn't see this particular instruction and also wouldn't love to start moving funds all over again. it took me the whole weekend to complete the transfer as daily limits prevented me from doing transfer all at once. am not around as i type so cant use the bank. in future, will look carefully and probably wouldn't wait till its critical, the xmas played a part in my failure. in all it was fees that i seek and i will have it.

Which one be commercial papers again? They pay upfront like tbills? At what rate sef?

OgogoroFreak:
Which one be commercial papers again? They pay upfront like tbills? At what rate sef?

pay upfront, its my first time, rate was 5.7574.

OgogoroFreak:
There are ways to do this but its not legal because, our government does not want that. It would be called money laundering. It kills the economy.

I can transfer any amount of dollars in and outside naija. I even get dollars online at the rate of ₦300 - ₦320 per dollar. People control foreign bank accounts from naija. If you know, you know.

Capital just sitting idle since last day of NTB. I would like to know how to go about moving my fund back to base, no time to waste please expatiate@Mr. Ogogorofreak.

Barrytone:
pay upfront, its my first time, rate was 5.7574.

Interesting... So, you just walk into any bank and request to invest in Zenith bank commercial papers? I mean, what are the requirements?

Barrytone:
pay upfront, its my first time, rate was 5.7574.

damn, boss 5percent is too small na

Sholapey:
Capital just sitting idle since last day of NTB. I would like to know how to go about moving my fund back to base, no time to waste please expatiate@Mr. Ogogorofreak.

Don't go into what you don't know. It's illegal. Infact some yahoo guys use same method to create foreign accounts to receive money from clients. Which they clear into bitcoin and sell here in naija to get Naira.

I don't use mine for scam though. I have it linked to PayPal and coinbase. I buy dollars from freelancers at rate ₦300-₦320 and withdraw into the foreign bank account.

Pls I am trying to sign upbon investment one but on filling my bank account number, it still saying I haven't input it. What could be wrong?

OgogoroFreak:
Don't go into what you don't know. It's illegal. Infact some yahoo guys use same method to create foreign accounts to receive money from clients. Which they clear into bitcoin and sell here in naija to get Naira.

I don't use mine for scam though. I have it linked to PayPal and coinbase. I buy dollars from freelancers at rate ₦300-₦320 and withdraw into the foreign bank account.

I gat you...i don't use mine for crime too! Thanks for your input on buying dol from freelancers.

richforever123:



Anybody telling you that you need 50,000,000 is lying, try another organization. The requirements are clearly stated on DMO official website, please see attached, don't let one organization tell you rubbish and you give up like that

https://www.dmo.gov.ng/fgn-bonds

There is no lies there. Morgan capital and stanbic categorically told me to raise 50million to bid in primary market as that is the minimum for subscription

needful:


There is no lies there. Morgan capital and stanbic categorically told me to raise 50million to bid in primary market as that is the minimum for subscription

This is preposterous, it's easier for them to pool resources from different individuals and manage the investment efficiently well.

Imagine you had 10m to invest and other customers (maybe about 4 more) each also have 10m, is that not 50m

I think our investment houses are lazy when they dont stand to gain much...

Besides, when they changed the law for Tbills, the minimum for primary market investment was set to 50m but bank where still collecting less than that amount but determine the bidding price at the expense of the investor.

Barrytone:



i couldn't raise the 50m required so i invest on union bank commercial paper. am just desperate as i need school fees, couldnt wait less i pay fees from my capital. just preserved the capital till when bills improve.

You should have bought the bond through the secondary market

OgogoroFreak:
Which one be commercial papers again? They pay upfront like tbills? At what rate sef?

They pay upfront, it is a money market instruments which provides short term funds usually a maximum of 270 days for big businesses.

It is regulated by SEC, so your investment in safe. Most cases you will need a minimum of N5 million only

richforever123:



Anybody telling you that you need 50,000,000 is lying, try another organization. The requirements are clearly stated on DMO official website, please see attached, don't let one organization tell you rubbish and you give up like that

https://www.dmo.gov.ng/fgn-bonds

It will be extremely difficult for you to bid with less than N50 million in the primary market, the big Investment houses will frustrate the retail Investors and they run the show.

Stanbic IBTC Stockbrokers is the stock broker to DMO, other Stockbrokers have to go through them in order to buy in the secondary market on the stock exchange

Good morning everyone in the house, I called firstbank yesterday the person who spoke to me said firstbank is no longer selling shares how true it's.

Diyke4rich:
Good morning everyone in the house, I called firstbank yesterday the person who spoke to me said firstbank is no longer selling shares how true it's.

They don't have primary offers, but you can get in the secondary market through a Stockbroker


First Bank shares worth N171 million were traded yesterday.

emmanuelewumi:



Wanajo, Oracle, myself and other top analysts are in my WhatsApp group analysing and discussing different companies, industries, businesses and investments in Nigeria.

Pa Ewumi, I sent you a private message. Please I will be highly appreciative if you could oblige me. Thanks so much

Pls how does one subscribe for this sir. Is it only union bank . Thanks

Barrytone:
pay upfront, its my first time, rate was 5.7574.

emmanuelewumi:



Wanajo, Oracle, myself and other top analysts are in my WhatsApp group analysing and discussing different companies, industries, businesses and investments in Nigeria.

I go join una later for there as i no wan blow my SMN cover for now. Iam sure sis Mercy is there as well and that Scotland based guy. I don dey forget him SMN name.