ahiboilandgas:
there is a default risk too....Nigeria has a revenue problem....i dont know how to explain to u ...

And some people just buy sukuk abi cookies and some still dey plan to buy

This year fit funny ooo
"Ndi Investors"

Viqtour:
Oga Ahib, if luck shines on you and your connections give you oil wells through close ties with the government and boom you are a billionaire in dollars, I would still listen to you as an investment specialist.

My opinion is that we can still take a cue from them regardless. No matter how they got there funds they had the option to lavish it. Footballers lavish more. The thought of investing is even worthy of emulating.

Well said

holysaint1:


Got something for you that's within your new revised budget that I would like you to see. It's in chevron, lekki.

If you don't mind, here's my what's app number:

Simply message me your nl moniker for easy identification. Thanks.

Please take off your phone number and be careful. Not everything you see here is gold.

Theconglomerate:
And some people just buy sukuk abi cookies and some still dey plan to buy

This year fit funny ooo
"Ndi Investors"

am not against them investing....but they should understand there is a reason why bonds in uk 2 percent and 12.5 percents in Nigeria ....2 they should understand that each nation has it credit rating some AA some junk status ...they should also know that investor dont just put money and sleep and wait 7 years like a retire.....no they keep an eye on it and that why bond are traded om secondary markets ...

ahiboilandgas:
you are not an investor yet....

Sir I know all these you have said and refused to have headaches.....

No be today FGN will be paying debts.....

FGN will continue to acquire more debts even after these

Everyone should know how to be alright las las from your investment goals and risk appetites

aieromon:


Please take off your phone number and be careful. Not everything you see here is gold.

Well,don't blame him.
Just a man desperate for business,else he would have been able to see through the BS.
Like who with a 150m cash will come here looking for property to buy when there are real estate firms literally begging for patronage all over lagos and some even offer credit?
Desperation throws logic outside the window 90% of the time.

ukay2:



Sir I know all these you have said and refused to have headaches.....

No be today FGN will be paying debts.....

FGN will continue to acquire more debts even after these

Everyone should know how to be alright las las from your investment goals and risk appetites

please na so people in Greece think and Agentina .....u think if war break out any bonds will be honored or military take overs or if no revenue to fgn and no futher debt investors to do roll over

aieromon:


Please take off your phone number and be careful. Not everything you see here is gold.

alright... Will do that now.

Thanks.

Theconglomerate:
And some people just buy sukuk abi cookies and some still dey plan to buy

This year fit funny ooo
"Ndi Investors"

Loooooool


Let me see 16.25% FGN Bond 2037 at discount price of 25% and I will not jump in

Let FGN collapse on all us make l see

Over analysis leads to paralysis

pluto09:



Don't compare USA economy with Nigeria o.
They can continue to print dollars to run their economy, Nigeria cannot print dollars to service her foreign denominated loans.

And talking about debt to GDP, that is not a good metric to measure debt sustainability.
Debt to revenue will be more appropriate. In q1 2020, Nigeria used about 99% of her revenue to service her debts. Q2 figures will likely be worse .Who does that and survive?

A part of me is wishing this is not true

ahiboilandgas:
please na so people in Greece think and Agentina .....u think if war break out any bonds will be honored or military take overs or if no revenue to fgn and no futher debt investors to do roll over

Na why I said PILLOWS are the best guaranteed

Loooooool

DexterousOne:


A part of me is wishing this is not true

It is true, but what can we do

We need to be alive to survive na

We will be alright las las

ahiboilandgas:
am not against them investing....but they should understand there is a reason why bonds in uk 2 percent and 12.5 percents in Nigeria ....2 they should understand that each nation has it credit rating some AA some junk status ...they should also know that investor dont just put money and sleep and wait 7 years like a retire.....no they keep an eye on it and that why bond are traded om secondary markets ...

Exactly.
In essence,a bond is going at 12% in Nigeria because the RISK OF DEFAULT IS HIGHER THAN BOB MARLEY.
When I saw people buying government debt yesterday upon the situation on ground,I just had to conclude that maybe these people are too patriotic to be logical.
Never a bad thing to give your government your money selflessly for the benefit of the nation rather than yourself.
When the red flags are out there,it will be too late to exit whatever bond because everyone will know at that point and no one will buy,or atleast the buy at 10% of the investment.
Tread with caution!!!

ukay2:



Loooooool


Let me see 16.25% FGN Bond 2037 at discount price of 25% and I will not jump in

Let FGN collapse on all us make l see

Over analysis leads to paralysis

This made me laugh

But truthfully

While the risk of upheavals are still present, I dont think that total collapse of the system is possible sha

There may be losses in future and all that
But not a collapse of the system kpata kpata

It's been herr for 100 years plus
And has stood the test of time
Two world wars
Depression
And all that

Just my thoughts

ahiboilandgas:
Example we saw the sign that naira was not sustainable at 305 ....so around july last year all my tb investments was liquidated to sock up euro at 392, dollars at 355......i have sold must now and my naira position has jumped 29 ..

Don't you think you sold too soon?

Grupo:


Which one is floating income, please?

It is income that is not fixed now.

Yearly rental income is fixed income for that year but income from selling baskets of tomatoes even if it is on daily basis is not fixed.

ahiboilandgas:
please na so people in Greece think and Agentina .....u think if war break out any bonds will be honored or military take overs or if no revenue to fgn and no futher debt investors to do roll over

Lmao


You over analyse things too much

If war breaks out
Prolonged war

The currency becomes useless
No matter where you invested

Your real estate becomes useless too cos its liable to bombing and destruction

And businesses wont run either


So regardless of where you go

If conflict/crisis occur

Losses are sure


My only wish is that the incompetent man we have in Aso Rock does not mortgage the futures of those coming behind us with his wrong decisions

olujaidi:


Don't you think you sold too soon?

no....i couldnt keep for long cos of certain risk with our storage techniques....i will buy again when bdc start getting and bta...

ahiboilandgas:
am not against them investing....but they should understand there is a reason why bonds in uk 2 percent and 12.5 percents in Nigeria ....2 they should understand that each nation has it credit rating some AA some junk status ...they should also know that investor dont just put money and sleep and wait 7 years like a retire.....no they keep an eye on it and that why bond are traded om secondary markets ...

Sir, no serious investor invest his or her hard earned money and go to sleep

GonFreecss1:



Bros. I am one of the pioneers of buy Eurobond funds or USD assets to save your investment. We will still be here and nothing will happen. Crude oil price went below 20 usd per barrel. What did we expect?

But for the government to start defaulting on Bonds. Lol! I say no more.

I am not saying people should not invest. I am an investor myself.
I am only saying that our economy is not in good shape and cannot be compared to that of USA

Nigeria to Auction N150bn FGN Bonds Wednesday https://businesspost.ng/economy/nigeria-to-auction-n150bn-fgn-bonds-wednesday

DexterousOne:



Lmao


You over analyse things too much

If war breaks out
Prolonged war

The currency becomes useless
No matter where you invested

Your real estate becomes useless too cos its liable to bombing and destruction

And businesses wont run either


So regardless of where you go

If conflict/crisis occur

Losses are sure


My only wish is that the incompetent man we have in Aso Rock does not mortgage the futures of those coming behind us with his wrong decisions

950 bn income to 946bn ( debt service) in first quauter is enough to raise my alarm bells ....not payiny up .....just service .......if your salary is 95000 k and u use 94600 to service a loan interest) not principle .....wouldnt u get worried .... would u like to invest more and sleep in such type of person ........

ahiboilandgas:
Nigeria In Financial Crisis: Robbing Our Children to Pay for Our Greed.

Nothing has shocked me in my entire life in public service as the revelation from Nigeria’s First Quarter 2020 financial reports in the Medium Term Expenditure Framework and Fiscal Strategy from the Federal Ministry of Finance, Budget, and National Planning, which shows, alarmingly, that whereas Nigeria spent a total sum of ₦943.12 billion in debt servicing, the Federal Government’s retained revenue for the same period was only ₦950.56 billion. This means that Nigeria’s debt to revenue ratio is now 99%.

No one should be deceived. This is a crisis! Debt servicing does not equate to debt repayment. The reality is that Nigeria is paying only the minimum payment to cover our interest charges. The principal remains untouched and is possibly growing.

We are at a precipice. If our revenue figures do not go up, and go up quickly, Nigeria risks a situation where our revenue can't sustain our debt servicing obligations. Meaning that we may become insolvent, and our creditors may foreclose on us.

In my opinion editorial of December 17 2019, titled 'Endless Borrowing Will Lead Nigeria to Endless Sorrowing', I had cause to counsel the Federal Government to desist from indiscriminate lending, and offered suggestions on ways to both increase revenue and reduce expenditure.

However, my counsel fell on deaf ears. And now we have come to this.

Again, on May 15, 2020, I counselled that the FG ought to reduce Nigeria’s budget by at least 25%, to reflect the economic realities of the times that we live in. Again, my entreaties were brushed aside.

As part of an administration that paid off Nigeria’s entire foreign debt, I am concerned by the alarming and avoidable unprecedented increase in our debt to GDP ratio and debt to revenue ratio. The alarm I sounded last year is now sounding louder.

Not only have we squandered our opportunities, we have also squandered the opportunities of our future generations by bequeathing them a debt that they neither incurred nor enjoyed.

As a matter of utmost urgency and importance, I call on the Federal Government to take immediate steps to drastically reduce its expenditure, especially on wasteful projects, such as maintenance of the Presidential Air Fleet, and unnecessary renovations of buildings that could serve as is, limousine fleet for top government officials, overseas travels and treatments, and the ₦4.6billion Presidential villa maintenance budget, etc.

We cannot be on the verge of economic ruin, while still maintaining a Presidential Air Fleet that has more planes than the Presidential fleets of those from whom we take these loans.

Nigeria must sell those planes and channel the revenue to other vital areas of need while taking additional steps to reduce the cost of running our government.

The Federal Government cannot continue to justify these unsustainable numbers by pointing at Nigeria’s debt to GDP ratio.

That is only half the picture. Our debt to revenue ratio paints a much more realistic portrait of our financial situation, especially as our revenues are majorly tied to a mono-product, oil and gas, which are very vulnerable to global shocks.

Again, I warn that Nigeria is facing a crisis, and we cannot continue to keep up appearances by taking out more loans to prop up our economy. That will amount not just to robbing Peter to pay Paul, but to robbing our children to pay for our greed! -A

This looks like something Okonjo Iweala or Soludo will write

DexterousOne:



This made me laugh

But truthfully

While the risk of upheavals are still present, I dont think that total collapse of the system is possible sha

There may be losses in future and all that
But not a collapse of the system kpata kpata

It's been herr for 100 years plus
And has stood the test of time
Two world wars
Depression
And all that

Just my thoughts

I have been in a stock (Dangflour) from N4 to N20....I refused to listen to their over analysis. I followed Alhaji Dangote until I offloaded at N20.

Same ogas here bought UBA at 2.5 when everyone was seeing danger ahead, within 11months, offloaded at N12.

Some ogas here bought 16.25% FGN BOND 2037 at discount prices of 18% and will be enjoyingthe coupons until they want to sell....even selling it today at premium price of 11% is still a good profit margin for them

Over analysis analysts said all kinds of negative things about Dang flour until they ate their words...

ahiboilandgas:
950 bn income to 946bn ( debt service) in first quauter is enough to raise my alarm bells ....not payiny up .....just service .......if your salary is 95000 k and u use 94600 to service a loan interest) not principle .....wouldnt u get worried .... would u like to invest more and sleep in such type of person ........

Oil prices were low that period tho

We should be in a better position when the markets for oil rebound

ukay2:



Sir I know all these you have said and refused to have headaches.....

No be today FGN will be paying debts.....

FGN will continue to acquire more debts even after these

Everyone should know how to be alright las las from your investment goals and risk appetites

What is even the issue in paying Naira denominated bonds that people want to break their heads over?. If there is no Naira, will CBN not simply print more Naira to settle people?.

ukay2:


I have been in a stock (Dangflour) from N4 to N20....I refused to listen to their over analysis. I followed Alhaji Dangote until I offloaded at N20.

Same ogas here bought UBA at 2.5 when everyone was seeing danger ahead, within 11months, offloaded at N12.

Some ogas here bought 16.25% FGN BOND 2037 at discount prices of 18% and will be enjoyingthe coupons until they want to sell....even selling it today at premium price of 11% is still a good profit margin for them

Over analysis analysts said all kinds of negative things about Dang flour until they ate their words...

Sometimes listening to the "over analysts" is the right thing to do.

I remember when some were ringing bells about Skye
Many did not listen

How did it end?

Its good to listen to all the perspectives
Then make your decision accordingly

DexterousOne:


Oil prices were low that period tho

We should be in a better position when the markets for oil rebound

When will it rebound?
1)Output cut=less revenue
2)low price=more less revenue.
3)Second wave of coronavirus.
Oil is dead for the year
Come June 21,CBN won't still do nothing and abokis know this,reason why dollar go up again today and they are buying at high price to lure more people to sell to them, upon say CBN say monday they will make naira stronger than dollar..
They know CBN is all bark and no bite this year

Theconglomerate:
When will it rebound?
1)Output cut=less revenue
2)low price=more less revenue.
3)Second wave of coronavirus.
Oil is dead for the year
Come June 21,CBN won't still do nothing and abokis know this,reason why dollar go up again today and they are buying at high price to lure more people to sell to them, upon say CBN say monday they will make naira stronger than dollar..
They know CBN is all bark and no bite this year

Interesting

Why do you think "Abokis" know this tho

Are you making specific reference to the ethnic group
Or you mean those who operate bureau de change?


And btw, it's a.boki we both wrote

Why is the system changing it to Northerners

NL1960:


What is even the issue in paying Naira denominated bonds that people want to break their heads over?. If there is no Naira, will CBN not simply print more Naira to settle people?.

Loooooool


Na oga Ahinbingas de deal on imported Truk parts, so he needs to over analyse the FGN to avoid losses.

Am hoping make this FGN debt issues relate to NTB at 18%, FGN Bonds at discount prices

No be over analysis and headaches be my problem

PMB and other top government functionaries are sleeping well at home, na me go come de drink panadol for them....

ahiboilandgas:
please na so people in Greece think and Agentina .....u think if war break out any bonds will be honored or military take overs or if no revenue to fgn and no futher debt investors to do roll over

Same thing with the money in your bank account sir.

What will make them default. Money in your bank account too is at risk.

By your recommendation, my advice will be everyone run away from Nigeria! Remove all your money! Turn it to crypt0 or USD, GBP, Euro! Anything! We will lose it all! Let’s run to Canada!

ukay2:



Loooooool


Let me see 16.25% FGN Bond 2037 at discount price of 25% and I will not jump in

Let FGN collapse on all us make l see

Over analysis leads to paralysis

In as much as I like the apocalypse talk. People thinking FG defaulting won’t affect other things is funny. There is no business that will escape the wrath of that default.