abimbola01:
https://www.dmo.gov.ng/fgn-bonds/sovereign-sukuk/3209-investors-scramble-for-third-sovereign-sukuk/file

thanks for sharing. bases for allotment not stated.

Sholapey:
I tried to reply you but your email address was not attached to the PM.
Please send your message to sholape1@yahoo.com and I will reply you immediately.

Thank you.

Good people. Goood evening all.

Please what is the percent for custodian fee charge on interest from Treasury Bills by Nigerian banks as stipulated by CBN?

I feel my bank (Access bank) overcharged me.

Any info will be appreciated.

thattnaijaman:
Good people. Goood evening all.

Please what is the percent for custodian fee charge on interest from Treasury Bills by Nigerian banks as stipulated by CBN?

I feel my bank (Access bank) overcharged me.

Any info will be appreciated.

0.1%

Sholapey:
00.1%

Thanks bro. Please how is it calculated?

Do i multiply with the interest i got?

Thanks

thattnaijaman:


Thanks bro. Please how is it calculated?

Do i multiply with the interest i got?

Thanks

Ask for your certificate or proof of investment, you'll see all charges there.

FGN Sukuk 3 was 446% Oversubscribed

XiaoLi:
Folks how many year/s profit do you think is wiped from our tbills interest assuming 12% earned from tbills and dollar remain at 440 to naira.

1year + 1month profit wiped!

OgogoroFreak:
1year + 1month profit wiped!

Are you talking in USD terms?

odimbannamdi:


Controversial human being... you don go Banana Island before? If you go there, you go see sey dem no born 1 million Boys Brigade to near there. Na shoot at sight ooo.

On a more serious note, bro, you should let go of some of your proclivities so that you can harness the wealth of knowledge and experience this thread possess.

Also, endeavour to make contributions with the intentions of learning more, rather than wanting to impose your ideologies and contrary opinions. It is not a challenge.

Your account is new, so it is safe to assume that you just discovered Nairaland, unless you have been a guest all along or you have multiple monikers. This thread has survived this long because of the constructive contributions anchored on continuous knowledge sharing. We hardly hoard information here. All you have to do is keep asking.

Some months ago, someone gave a detailed exposition about how he started his lending business during his Banking Graduate Trainee days and grew his capital base to tens of millions presently. It was a rude eye-opener for me! If i wanted to tow that line, i could have just sent him a PM and, if he could divulge so much here, i am sure he could have also walked me through privately as well

Late last year too, just when NTB started its decline, you needed to see the discussions that went down here about techniques to be profitable in real estate. It was really really enlightening for me. If i were to venture into real estate today, i am sure i would avoid the pitfalls most of our elders here made when they started out earlier.

Shares and Stocks nko, Elder Emma has taken us through salient tips one should know about Shares. From choosing a broker to even recommending stocks one can immediately buy into, everything was laid bare here.

Most times, when these discussions are about to begin, it doesnt start with the headline "This is a secret". No! But you will definitely spot secrets our formal education and street knowledge couldnt provide. Only practice and experience afforded it.

Capitalism dont exist here, bro. We share information freely, and just like someone pointed out earlier, the sky in here can accomodate all the birds.

Hello thanks for this piece, can you recollect the page where the person share the lending business experience..will be very grateful cos have searched through but couldn't locate it

emmasoft:

For all sukuk bond subscribers, just wait patiently don’t be anxious. Everyone who subscribed will be given what is due him/her after the issuer decides base on the available funds realized. Allotment will be basically dependent on the rate at which it was oversubscribed. Without any doubt it will be heavily oversubscribed.
Also note that once the allotment is done and you have excess funds, it will be returned to the bank account you supplied on the form. It has nothing to do with the agent you submitted your form through.

How soon after the announcement of allocation will one expect to receive a refund if not successful or excess over the subscription. Like now, the sukuk result has been announced today that it was over subscribed. When should the refund be expected.

credon:

Og your customers are waiting at your powerbank thread

Yes

vacanci:


How soon after the announcement of allocation will one expect to receive a refund if not successful or excess over the subscription. Like now, the sukuk result has been announced today that it was over subscribed. When should the refund be expected.

Primary offers has a timetable they follow from subscription to listing. Each process will always be announced just as they announced the allotment. You can always check https://www.dmo.gov.ng/ for news concerning any form of bonds/government securities. Listen to economic news and stay tuned here.

DexterousOne:


Are you talking in USD terms?

I'm talking about the purchasing power or worth of your money.

Chai, that's money. More reason to invest in usd denominated investments.

OgogoroFreak:
1year + 1month profit wiped!

Property is in a class of its own depending on location and method of building .then u will see that little money can go along way to build that house .Some engineers give very scary fees and highly inflated Qs but u can get good 2bedroom with 5m on a good land like ikorodu and getting reasonable engineer.Get to work by being part of the process , buy ur material , ask experienced people amount paid to labourer and bricklayer,negotiate with ironbender and carpenter, u will see how much u will save by being involved in the process . As someone said, shares and property are on different leagues, ur property will stand the tAaste of time,increasing in value and rent generated ,but shares can be wiped out in a minute if economic policy doesnt favour it hence its advised to invest in both for more accelerated growth in years to come. Location plays a role in property increase and value. Ikorodu is outskirt of the town ,prices of land is cheaper and cost of living lower but some other area is renting 1.2m or higher for 2bedroom flat eg Ajah cos land is expensive so If u hv the cash , buy land in a prime area , build and earn higher .

topsquino:
Hi everyone

Given the cost of building a house for commercial purpose in suburbs, I've been thinking lately that the ROI is not worth it.

For instance, you spend about 10 million naira building a 2 two bedroom flat in ikorodu and the maximum you get after renting it is 600k (300k for each 2 bedroom flat).

I have not even factored the cost of the land and omo onile wahala. Over time, the building will even depreciate and you will be forced to repair it.

In any case, I would be appreciative if anyone can point out pages on this thread where real estate was critically discussed so that I can read the views of others on this topic.

emmasoft:


Primary offers has a timetable they follow from subscription to listing. Each process will always be announced just as they announced the allotment. You can always check https://www.dmo.gov.ng/ for news concerning any form of bonds/government securities. Listen to economic news and stay tuned here.

Thank you. The thing is, I have never seen such a news anywhere before. I am just curious how long government will hold someone's money before refunding considering that interests will not be paid. And also one needs to quickly reinvest the money

Enyinne:
Property is in a class of its own depending on location and method of building .then u will see that little money can go along way to build that house .Some engineers give very scary fees and highly inflated Qs but u can get good 2bedroom with 5m on a good land like ikorodu and getting reasonable engineer.Get to work by being part of the process , buy ur material , ask experienced people amount paid to labourer and bricklayer,negotiate with ironbender and carpenter, u will see how much u will save by being involved in the process . As someone said, shares and property are on different leagues, ur property will stand the tAaste of time,increasing in value and rent generated ,but shares can be wiped out in a minute if economic policy doesnt favour it hence its advised to invest in both for more accelerated growth in years to come. Location plays a role in property increase and value. Ikorodu is outskirt of the town ,prices of land is cheaper and cost of living lower but some other area is renting 1.2m or higher for 2bedroom flat eg Ajah cos land is expensive so If u hv the cash , buy land in a prime area , build and earn higher .

I get your point. Thanks

Sach:
Hello all. Advise needed with sound analysis. Should one take a NHF loan of max 15 million
payable over 25 -30 years interest rate 6%, equity contribution 10% to buy a terrace house of 38 m at agungi or its environs. The rest would be personal contribution. The person is yet to be married, looking at this more as an investment option and cos of the cheap loan opportunity. A concern is building up savings after such huge investment. The person is also reluctant to rent so might live there, additional expense of furnishing etc etc.

Please respond to me @emmanuelewumi and other sound experts...

GregJo:
Can you point me to the pages where pitfalls of real estate were discussed?

One dude here is the guru.

Sach:
Hello all. Advise needed with sound analysis. Should one take a NHF loan of max 15 million
payable over 25 -30 years interest rate 6%, equity contribution 10% to buy a terrace house of 38 m at agungi or its environs. The rest would be personal contribution. The person is yet to be married, looking at this more as an investment option and cos of the cheap loan opportunity. A concern is building up savings after such huge investment. The person is also reluctant to rent so might live there, additional expense of furnishing etc etc.

I am sorry, I have nothing to say. Follow your mind, provided the Investment will generate cash flow,.

vacanci:


Thank you. The thing is, I have never seen such a news anywhere before. I am just curious how long government will hold someone's money before refunding considering that interests will not be paid. And also one needs to quickly reinvest the money

Relax. The government is not running away with your billions that you invested in the Sukuk bond.

NL1960:


Relax. The government is not running away with your billions that you invested in the Sukuk bond.

I am not saying or thinking the government will run away with the money.

What I am saying is, if government held ur money for 2 to 3 weeks after close of the offer and refund you there after, it means u must have lost interest that would have been generated within that period. Again, if u plan to invest in the June 17 FGN Bond and u are waiting for the refund from an unsuccessful sukuk bond, would you not miss another opportunity if your refund delays.

Bank interest in 50M for 2 to 3 weeks is over 100k

vacanci:


I am not saying or thinking the government will run away with the money.

What I am saying is, if government held ur money for 2 to 3 weeks after close of the offer and refund you there after, it means u must have lost interest that would have been generated within that period. Again, if u plan to invest in the June 17 FGN Bond and u are waiting for the refund from an unsuccessful sukuk bond, would you not miss another opportunity if your refund delays.

Bank interest in 50M for 2 to 3 weeks is over 100k

Every investment has an element of risk associated with it. Moreover, this is a primary offer. The issuer determines the timetable. You can however decide to sue the government for loss of interest.

Another easy thing you can do is to write to DMO to find out the cause of the delay and also threaten to sue them if your money with interest is not released immediately.

NL1960:


Every investment has an element of risk associated with it. Moreover, this is a primary offer. The issuer determines the timetable. You can however decide to sue the government for loss of interest.

Another easy thing you can do is to write to DMO to find out the cause of the delay and also threaten to sue them if your money with interest is not released immediately.

Ok Mr. Barrister Ikpeme. I hear you.

Theconglomerate:
If you go to a supermarket to buy corn flakes and Nigeria shabby Nasco is N750 for 375g and imported Kellogg's is N850 for 375g,what will you buy?
Be honest and answer to yourself not me as I know a lot of people here like to brag about money they probably don't have.
But if naira is devalued to N500/$,
375g kellogs will automatically jump to N1500 whereas nasco might remain at N750 or increase to N850 max.
In no time people will be forced to buy Nasco and forget kellogs and more people will enter the cornflakes production market to fill that void kellogs left.
It's that simple really,not by giving Grant's to people doing nasco.
Nothing will happen with grants or cheap loan that they will default because kellogs is taking their market share.
I believe I have been basic enough.

Devaluation will not help us because we manufacture next to nothing. So we have almost nothing to sell. The little we manufacture, almost all the raw materials are imported. Also the machineries and spares for them are all imported. If we devalue, forex will cost high and raw materials, machineries and spares will be very costly, thereby making the locally produced goods to be too costly again. Devaluation only favours states that have a lot of things to export. In Nigeria what is the significant export? Crude oil. Devaluation will be counter-productive in Nigeria because we dont have competitive edge.

shekauvsbuhari:
Devaluation will not help us because we manufacture next to nothing. So we have almost nothing to sell. The little we manufacture, almost all the raw materials are imported. Also the machineries and spares for them are all imported. If we devalue, forex will cost high and raw materials, machineries and spares will be very costly, thereby making the locally produced goods to be too costly again. Devaluation only favours states that have a lot of things to export. In Nigeria what is the significant export? Crude oil. Devaluation will be counter-productive in Nigeria because we dont have competitive edge.

Who told you Nigeria produces next to nothing?
I'm sure you pulled this statistic from your arse.
And it is not a rule of thumb that you devalue currency so you can export more.
You can also devalue to fight off imports so that local producce can satisfy local needs without overly cheap imports fighting it for market share.

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Phraences:


May we not hear about something when it's glory days are over.

Don't know why folks still engage this particular moniker. He is immature, childish and can't argue without throwing insults. It's best to avoid and ignore him because he's obviously a teenager


Who told you Nigeria produces next to nothing?
I'm sure you pulled this statistic from your arse.
And it is not a rule of thumb that you devalue currency so you can export more.
You can also devalue to fight off imports so that local producce can satisfy local needs without overly cheap imports fighting it for market share.


[/quote]

Theconglomerate:
Who told you Nigeria produces next to nothing?
I'm sure you pulled this statistic from your arse.
And it is not a rule of thumb that you devalue currency so you can export more.
You can also devalue to fight off imports so that local producce can satisfy local needs without overly cheap imports fighting it for market share.

. You don't have to insult one to make your point mr.man. Learn to observe decorum.
I ask you again, name that thing that Nigeria produces to the extent that she would have to devalue because of it. Local production capacity of any chalk or pencil we produce is so insignificant to devalue our currency because of it.

shekauvsbuhari:
. You don't have to insult one to make your point mr.man. Learn to observe decorum.
I ask you again, name that thing that Nigeria produces to the extent that she would have to devalue because of it. Local production capacity of any chalk or pencil we produce is so insignificant to devalue our currency because of it.

GDP $446B.
Oil revenue;$50B tops which is subject to fluctuations.
Use this statistic to tell yourself which sector of the economy is insignificant.
Also,ask yourself it is wise to keep subsidising the rest of the economy with oil revenue that is this small and subject to fluctuations.
Don't quote me again,I really hate people that are slow.
Thanks

Oga calm down, devaluation will not help us for now without adequate infrastructure and security, if you devalue to start manufacturing will you run your machines on diesel? Im sure you have been to countries that do alot of export,do you realize the companies work day and night and even most goods are taken to the seaport from 6-7pm till dawn, where is the security to protect this workers which might be going to work at night and and where is the security to protect the valuable goods which might be taken to the seaport at night? I can go on and on...

Theconglomerate:
GDP $446B.
Oil revenue;$50B tops which is subject to fluctuations.
Use this statistic to tell yourself which sector of the economy is insignificant.
Also,ask yourself it is wise to keep subsidising the rest of the economy with oil revenue that is this small and subject to fluctuations.
Don't quote me again,I really hate people that are slow.
Thanks