wura2u:


I am not misleading prospective investors but they should open their eyes so that they don't fall into the same pit I fell in 1990.

kristien4:
@all... is investing in mmf with stanbic ibtc as safe as investing in treasury bills. I dont know much and would like to be sure before joining. Is there a possibility of loss of capital??

noobs123:
Pls can someone explain this marginal rate in FGN bonds. Will the interest be paid: 12.75, (5years) 14.55 (10years) and 14.80 )30yrs)
Or will they be paid: 8:75(5yrs) 10.70(10yrs) or 12.1(30 yrs)
Thanks.

unite4real:


Let me repost my previous response on this below.


It is usually very tricky with FGN bonds. One rule of thumb is, always keep your eyes on the yield to maturity. For example, a bond could have a coupon rate of 15% and you are told that the yield is 10%. If u don't want to mess up with your head, just look at that 10% as your annual interest on your capital. Although you will be earning the 15% but on a lowered principal. For example, if you want to invest 8M on a bond paying 15% coupon and the yield is 10%; you will buy that bond with more than 8M depending on the year to maturity. Let's say you got the 8M bond at 10M, your coupon payments every 6 months will be 15% of 8M and your principal at maturity is 8M and not 10M. At the end of the day, if u factor in your initial 10M put in the bond, you will realize your interest is actually 10%. So if u want a bond, keep an eye on the yield unless you are getting it in the primary market and it's a new bond issue.

Your bank or discount house should help you. With banks, always patronize the headquarters or main branch Inna state or region so u can easily meet people with the knowledge

noobs123:

I posted this from dmo website and it’s from primary. It’s bidding result, does it also apply?

Hustle2flex:
Pls I have a question.
Assuming you open a savings account at 4% per annum last year January and this year the same bank is now offering savings account at 3.6% per annum,will it affect the account you opened earlier?

Hustle2flex:
Pls I have a question.
Assuming you open a savings account at 4% per annum last year January and this year the same bank is now offering savings account at 3.6% per annum,will it affect the account you opened earlier?

fineguy11:
Lapo MfB SPV Plc Issue Of Up To NGN 6 Billion Series 2 Bond is Now Open. For further details check my thread https://www.nairaland.com/5709091/lapo-mfb-spv-plc-issue

olujaidi:
Does anyone know of any options where one can run a foreign bank account without being a resident of a foreign country? Or a country with not so stringent requirements?

@Nnamz, sholapey, ahiboilandgas, emmanuelewumi , donbrig
Cc: all other knowledgeable parties

fineguy11:
Lapo MfB SPV Plc Issue Of Up To NGN 6 Billion Series 2 Bond is Now Open. For further details check my thread https://www.nairaland.com/5709091/lapo-mfb-spv-plc-issue

ozymes:
Which fidelity bank branch was that please?

Reeefe:

Yes..

CaptainKool15:


Hello Desireoge... You can try Zenith bank, there are different savings plan that will be of great benefit to you.

Akin3891:
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.

iamloyalty:


U are fortunate then, I did with Fidelity at primary market it wasn't successful. I might try again with stanbic or zenith.

IamR:

Got 5% at zenith bank for 364 days tenor.

unite4real:


It's actually true.

Akin3891:
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.

Thisnut:
i think you guys are not reading in between lines. It didn't say you can't withdraw transfers, it only says you can't transfer deposited cash.


Cash Transfers can be transferred
Deposited cash can only withdrawn

unite4real:


If u have$1000 in your account such that $300 was wired to it while $700 was cash payment directly. It means u cannot wire out more than $300 and cannot cash out more than $700.

The total.amount u can cash out must not exceed the total you have paid in as cash and vise versa

So if anyone wired money to you, you cannot take that amount out as cash. You can only wired it for another transaction.

unite4real:


We have not said anything different from comment you just posted. I posted some tweets screenshots where CBN said u can only transfer what was transfered to you electronically and also cash out only amount that was paid in as cash. I also used figures to explain the scenario. There is no ambiguity here talk less of reading between the lines.

See my comments below.

Akin3891:

So my stanbic 1 year bid didn't go through after all, they returned my capital today. What is going on.. does that mean no auction happen yesterday or all bids failed . Naija investment don tire me

Akin3891:

So my stanbic 1 year bid didn't go through after all, they returned my capital today. What is going on.. does that mean no auction happen yesterday or all bids failed . Naija investment don tire me