ahiboilandgas:
can u tell me 4 reasons i should not invest in suku 11.3 vs VGIF 8.5 as a rational investor?

Sukuk and VGIF are two different forms of investment windows and operated differently.
It serves different purpose for different investors as per their investment objectives.
For instance while waiting for another primary auction for sukuk for a low risk tolerance investor, VGIF can be a good alternative since you can be topping up with any amount at any interval.
In this instance VGIF is compared with Tbills and MMF not Sukuk.

ojesymsym:
I do not see how Nigeria can ever have a unified exchange rate, people who move in illegal money will always need the backend exchangers as well as those who are not necessarily doing anything evil but not want to be tracked.

Unified exchange rate does not involve the black market..It will only reduce the spread between the official rate and the black market rate.
It is about all the Windows where CBN intervenes in one capacity or another.
We had about 5 before, I think it is about 3 now.

emmasoft:


Sukuk and VGIF are two different forms of investment windows and operated differently.
It serves different purpose for different investors as per their investment objectives.
For instance while waiting for another primary auction for sukuk for a low risk tolerance investor, VGIF can be a good alternative since you can be topping up with any amount at any interval.
In this instance VGIF is compared with Tbills and MMF not Sukuk.

Pls, my T-Bills is maturing in two weeks. i'll like to invest in VGIF. can you explain to me how it really works and how do i go about it when i'm ready to invest? expecting your response. Thanks.

FemiSolar:


Pls, my T-Bills is maturing in two weeks. i'll like to invest in VGIF. can you explain to me how it really works and how do i go about it when i'm ready to invest? expecting your response. Thanks.

VGIF - Vantage Gurranteed income fund is a mutual fund in the fixed income category.
It has its rate benchmark with SDF.
It's currently 8.5%
Though there is a circular already issued as per SDF review by CBN which will take effect on VGIF by 1st of July that will make the Gurranteed rate to be 7.5%. Apart from the guaranteed rate, investors also get additional 35% of excess gain of the fund, though this is not fixed or Gurranteed, it's however paid every year at least for the past 6 years. The interest is prorated and earned daily but will be paid twice a year July and January or reinvested same time if an investor opt for reinvestment. It has a minimum holding period of 6months. The initial minimum deposit is 50k after that you can top up with any amount at any interval.
You can open account now and fund it later when your Tbills matures. You don't need cash to open VGIF account.
Click the link on my signature to open account. You can as well call or chat with my contact number also on the signature.

emmasoft:


VGIF - Vantage Gurranteed income fund is a mutual fund in the fixed income category.
It has its rate benchmark with SDF.
It's currently 8.5%
Though there is a circular already issued as per SDF review by CBN which will take effect on VGIF by 1st of July that will make the Gurranteed rate to be 7.5%. Apart from the guaranteed rate, investors also get additional 35% of excess gain of the fund, though this is not fixed or Gurranteed, it's however paid every year at least for the past 6 years. The interest is prorated and earned daily but will be paid twice a year July and January or reinvested same time if an investor opt for reinvestment. It has a minimum holding period of 6months. The initial minimum deposit is 50k after that you can top up with any amount at any interval.
You can open account now and fund it later when your Tbills matures. You don't need cash to open VGIF account.
Click the link on my signature to open account. You can as well call or chat with my contact number also on the signature.

If there is a loss on the fund, what happens?.

emmasoft:


VGIF - Vantage Gurranteed income fund is a mutual fund in the fixed income category.
It has its rate benchmark with SDF.
It's currently 8.5%
Though there is a circular already issued as per SDF review by CBN which will take effect on VGIF by 1st of July that will make the Gurranteed rate to be 7.5%. Apart from the guaranteed rate, investors also get additional 35% of excess gain of the fund, though this is not fixed or Gurranteed, it's however paid every year at least for the past 6 years. The interest is prorated and earned daily but will be paid twice a year July and January or reinvested same time if an investor opt for reinvestment. It has a minimum holding period of 6months. The initial minimum deposit is 50k after that you can top up with any amount at any interval.
You can open account now and fund it later when your Tbills matures. You don't need cash to open VGIF account.
Click the link on my signature to open account. You can as well call or chat with my contact number also on the signature.

Can you redeem all your funds at a go after maturity?
.or put better

Is there a minimum account balance I have to maintain?

NL1960:


If there is a loss on the fund, what happens?.

It's in the fixed income category of mutual fund. it's not a balance or equity fund. There will not be loss since the underlying assets that can have material effect on the fund is invested in fixed income instrument, hence we have the trustees and custodian to the fund to make sure the fund is invested in the agreed assets as per the prospectus with Sec. Anything otherwise means contravening Sec rules and no reputable investment house like investment one will like to do that.

DexterousOne:


Can you redeem all your funds at a go after maturity?
.or put better

Is there a minimum account balance I have to maintain?

You can withdraw all funds if you wish or redeem in part. The truth is that there is really nothing like maturity. you are the one that determines how long you wish to operate the fund account. VGIF is not like Tbills that has tenors. It's not tenor based. Most times investor operates it like a special savings account. You are free to operate it as you wish.

They are still looking to scoop the huge money in circulation and taking advantage of low rates regime. This time around we are not hearing IPOs up and down. Na commercial papers now.

emmasoft:


You can withdraw all funds if you wish or redeem in part. The truth is that there is really nothing like maturity. you are the one that determines how long you wish to operate the fund account. VGIF is not like Tbills that has tenors. It's not tenor based. Most times investor operates it like a special savings account. You are free to operate it as you wish.

The feedback is highly appreciated

DexterousOne:


The feedback is highly appreciated

You welcome Sir.

unite4real:
They are still looking to scoop the huge money in circulation and taking advantage of low rates regime. This time around we are not hearing IPOs up and down. Na commercial papers now.

That's ok compared to the current TB rates for those that are agree with that industry. For me however, I don't invest in that industry.


I had interest in MTN but could not invest as my enquiry to my bank and broker was to no avail. The Chapel Hill Denham office where I was directed was closed that morning.

So, please keep them. Thank you

Crazeworld:
Why do you always use this derogatory term?

Irrespective of social status, Nigeria is all we've got, at least for now.
Show some respect!

Those ones no get respect for their mother land nah...

DexterousOne:


It's very difficult to not use such words

When you consider the state of Nigeria

Indeed

Thank you for the intelligent question

NL1960:


If there is a loss on the fund, what happens?.

You are so bent on selling or pitching the VGIF fund, I am sure if people feel confident and convinced enough you really do not need to push this hard on every page. My thoughts.

emmasoft:


You can withdraw all funds if you wish or redeem in part. The truth is that there is really nothing like maturity. you are the one that determines how long you wish to operate the fund account. VGIF is not like Tbills that has tenors. It's not tenor based. Most times investor operates it like a special savings account. You are free to operate it as you wish.

SocialJustice:
Nothing is too big to fail. If Nigeria was a fortune 500 company, it won't make top 100 and some of those companies go bankrupt every now and then. If the numbers don't add up, it will fail and that's what is happening with Nigeria.

Nigeria is not a company, and it too big too fail. 200 million+ big.

Infact, West Africa, Africa and the world at large cannot afford to have the largest independent black nation fail.

Show me another country filled with this many black people and still functioning independently.

We need to appreciate what we have. You will be proud when you see Dangote's cement factory towering over the Douala jetty, or when you when you hear from a Chadian that his preferred bank to get salary in his home country is UBA, or when you complain to the Ghanian on the streets of Takoradi about poor network and he recommends GLO mobile, or when you drive through the streets of Abidjan and you see Asa's concert billboard beside the city's Arik Air office.

Too big to fail.

Godbpraised:
You are so bent on selling or pitching the VGIF fund, I am sure if people feel confident and convinced enough you really do not need to push this hard on every page. My thoughts.

@Godbpraised you can see clearly that my responses are always to prospective investors who have questions and need clarifications. I am not pushing hard or doing anything outside what is is allowed in the corporate world. Everything is a matter of choice. I hope you know how large operators like Glo, MTN etc are currently and as we speak they still want to convince the public why consumers should patronize them.
In as much as there are investors interested in the product and make enquiries, I will talk about it. It's a matter of choice. Thanks anyway for your observation it shows you noticed and aware of the product already. I wish more people to be aware of the product.

Wiseoldman:

Too big to fail.

Terms like Too Big to Fail, Giant of Africa etc are pure illusion and part of the reason Nigeria lags behind. A nation of 200million people struggling with Poverty,insecurity and 1960 problems. You are only giant in your country, the outside world has moved on and left us behind.

Lets leave this realm of illusion and take decisive actions that can rejig this country. Political Restructuring along regional lines and Turning away from Oil dependency should come first.

Godbpraised:
You are so bent on selling or pitching the VGIF fund, I am sure if people feel confident and convinced enough you really do not need to push this hard on every page. My thoughts.

The young man is marketing his company’s product(VGIF fund) and he has answered the questions put across to him intelligently. I think you should give him credit for that while the rest is on you to do your research as an investor. Except you are just here in the investment thread playing around.

ojesymsym:
I do not see how Nigeria can ever have a unified exchange rate, people who move in illegal money will always need the backend exchangers as well as those who are not necessarily doing anything evil but not want to be tracked.

People will always do evil things with currency, but demand and supply will still be the name of the game. Cc crypt0

Wiseoldman:


Nigeria is not a company, and it too big too fail. 200 million+ big.

Infact, West Africa, Africa and the world at large cannot afford to have the largest independent black nation fail.

Show me another country filled with this many black people and still functioning independently.

We need to appreciate what we have. You will be proud when you see Dangote's cement factory towering over the Douala jetty, or when you when you hear from a Chadian that his preferred bank to get salary in his home country is UBA, or when you complain to the Ghanian on the streets of Takoradi about poor network and he recommends GLO mobile, or when you drive through the streets of Abidjan and you see Asa's concert billboard beside the city's Arik Air office.

Too big to fail.

Glo Mobile in Takoradi?
I am not sure about that o

Tvegas:
Terms like Too Big to Fail, Giant of Africa etc are pure illusion and part of the reason Nigeria lags behind. A nation of 200million people struggling with Poverty,insecurity and 1960 problems. You are only giant in your country, the outside world has moved on and left us behind.

Lets leave this realm of illusion and take decisive actions that can rejig this country. Political Restructuring along regional lines and Turning away from Oil dependency should come first.

Political restructuring along regional lines cannot actually work

Nigeria has made its strides In africa
But the problem is that the gains are not shared amongst the vast majority
That's the issue

We have our own brands we project to the world
Many African countries do not have that

But still
We have to work really hard to improve

Godbpraised:
You are so bent on selling or pitching the VGIF fund, I am sure if people feel confident and convinced enough you really do not need to push this hard on every page. My thoughts.

We asked questions

He answered us

What's the problem with that?.

Let him do his thing
He is not forcing anyone

DexterousOne:


Glo Mobile in Takoradi?
I am not sure about that o

Gloworld Locations.
Takoradi: House No 24/7, Kofi Annan Road, Market Circle, Takoradi. Western Region

Wiseoldman:


Nigeria is not a company, and it too big too fail. 200 million+ big.

Infact, West Africa, Africa and the world at large cannot afford to have the largest independent black nation fail.

Show me another country filled with this many black people and still functioning independently.

We need to appreciate what we have. You will be proud when you see Dangote's cement factory towering over the Douala jetty, or when you when you hear from a Chadian that his preferred bank to get salary in his home country is UBA, or when you complain to the Ghanian on the streets of Takoradi about poor network and he recommends GLO mobile, or when you drive through the streets of Abidjan and you see Asa's concert billboard beside the city's Arik Air office.

Too big to fail.

I live in Nigeria, and so do many of my close relations, and I definitely do not want Nigeria to fail. With all its faults, inconsistencies, contradictions and sheer despair-inducing features, it is "home".

But it is not too big to fail.

When worse-off countries like Tanzania, Zambia and Zimbabwe deny Nigerians visa on arrival privileges granted to all other African countries except those at war or recently so, when the green passport attracts more scrutiny to one outside these shores rather than less, when the systemic corruption and misgovernment mean that a citizen of this country cannot get a driving licence, ID card or any other official document without strenuous effort and expenditure of hard-earned monies, when its educational certificates are barely worth the paper they are printed on, when huge swathes of its youth dream endlessly of life outside its shores and risk their lives to actualise that and when many members of its middle classes sleep uneasily and make numerous contingency and emergency and/or fallback plans, then one will be ashamed when one remembers what used to be, and that of which one used to be proud.

I travel a lot in east Africa and I remember the time when it was a thing of pride to be Nigerian. The Kenyans especially consume a lot of Nigerian film and music and easily identify us by our accent - time was when they'd hear you speaking in a mall or restaurant and would joyfully call out "Oga!" and come over to say hello and relate. Now they give us side eye. Bad eggs have shot our reputation to hell, but a country that does not even pretend to give its youth a future is ultimately to blame.

It is not too big to fail.

Wiseoldman:


Gloworld Locations.
Takoradi: House No 24/7, Kofi Annan Road, Market Circle, Takoradi. Western Region

That's not my point


I mean
The dominant network in most of ghana that I know of is airtel MTN and Vodafone or so

I still have my airtel line
As I still frequent Ghana from time to time
I'm yet to meet a Ghanaian who uses glo

Even tho glo is in Ghana too

DexterousOne:


That's not my point


I mean
The dominant network in most of ghana that I know of is airtel MTN and Vodafone or so

I still have my airtel line
As I still frequent Ghana from time to time
I'm yet to meet a Ghanaian who uses glo

Even tho glo is in Ghana too

True. The 3 you mentioned are the most dominant.

Cyberknight:


True. The 3 you mentioned are the most dominant.

I spend time in Ghana a lot

So I know that for sure.

Tho what really thrives are the Nigerian banks in Ghana

When I see those ones
I'm happy

But still

Nigeria we need to do better

Wiseoldman:


Nigeria is not a company, and it too big too fail. 200 million+ big.

Infact, West Africa, Africa and the world at large cannot afford to have the largest independent black nation fail.

Show me another country filled with this many black people and still functioning independently.

We need to appreciate what we have. You will be proud when you see Dangote's cement factory towering over the Douala jetty, or when you when you hear from a Chadian that his preferred bank to get salary in his home country is UBA, or when you complain to the Ghanian on the streets of Takoradi about poor network and he recommends GLO mobile, or when you drive through the streets of Abidjan and you see Asa's concert billboard beside the city's Arik Air office.

Too big to fail.

I've heard you.

DexterousOne:


I spend time in Ghana a lot

So I know that for sure.

Tho what really thrives are the Nigerian banks in Ghana

When I see those ones
I'm happy

But still

Nigeria we need to do better

Whenever I'm in Kenya I always point out that GTB and UBA (and now Access too) are there, while no Kenyan bank is big enough to venture into west Africa.

I've been to Douala and seen the Dangote plant there too. But I've also seen the port expansion that was carried out at the Douala port, and the modern highway built to link the ports with the interior of the country and ultimately the CAR border and it pains me to see what other countries are doing while Apapa for instance descends more and more into a hellhole, turning our gateway into a nightmare.

Cyberknight:


Whenever I'm in Kenya I always point out that GTB and UBA (and now Access too) are there, while no Kenyan bank is big enough to venture into west Africa.

I've been to Douala and seen the Dangote plant there too. But I've also seen the port expansion that was carried out at the Douala port, and the modern highway built to link the ports with the interior of the country and ultimately the CAR border and it pains me to see what other countries are doing while Apapa for instance descends more and more into a hellhole, turning our gateway into a nightmare.

The rot in a papa is intentional