emmanuelewumi:



Someone said lazy youths, I don't know if that is right or wrong

No matter how lazy one is, if you give them a bill of 20k USD for such a service, they will discover the virtues of hard work by force.

Just trying to play devil's advocate.

I don't have pity for people who are scammed.

A ponzi scheme that is very popular on Nairaland and among the youths will find it very difficult to survive another 9 months, the signs are there for those who care to see it

Cyberknight:


No matter how lazy one is, if you give them a bill of 20k USD for such a service, they will discover the virtues of hard work by force.

They find it difficult to read and task themselves mentally, they always want the easy way out

emmanuelewumi:
Stocktrader1 was banned by Nairaland, similar thing happened to me about 3 days ago. Something needs to be done about Nairaland anti spam bot.

He said he will be here to clear his name when his bank is over.

I wonder what explaining he needs to do, he should let sleeping dogs lie instead of further embarrassing himself

Strange person having 1 bn naira to invest in tb will be hustling scholarship fees from students ....he suppose to have a foundation to give scholarships..

ahiboilandgas:
Strange person having 1 bn naira to invest in tb will be hustling scholarship fees from students ....he suppose to have a foundation to give scholarships..

At 17%, the risk involved in investing in a frontier market like Nigeria was worth it.
At 3. whatever% it is now, and with CBN's last 5-month delay in providing FPIs foreign exchange, no sane investor from abroad would consider investing any significant amount, let alone the equivalent of 1 billion naira. Their shareholders/investees would have them shot.

ahiboilandgas:
Strange person having 1 bn naira to invest in tb will be hustling scholarship fees from students ....he suppose to have a foundation to give scholarships..

If someone has 1 bn naira and he is still asking those kind of questions, we don't need a seer to tell us that something is fishy.

pluto09:



If someone has 1 bn naira and he is still asking those kind of questions, we don't need a seer to tell us that something is fishy.

The signs are all there,we can all see it, just left him to keep on fooling around . But the lady who exposed him should have allowed him to keep on dancing naked for another 2 weeks before the exposure.

I am a pilot.
I export stockfish..
I buy crude oil.
I am a guru in finance and Investment
I want to buy N1 billion worth of Treasury Bills, how can I go about it

That is what I call jack of all trades, master of all

Hmmm, lie detectors are now very alert every where on Nairaland. That's a good development.

freeman67:
Hmmm, lie detectors are now very alert every where on Nairaland. That's a good development.

Easy to identify liars By their words you shall know them.

emmanuelewumi:
This is breaking news. FG to sell its shares in the 4 refineries.


Definitely the group of investors that will buy essh of the refineries, will invest more than N1 billion.

If they get it right they should make huge profit from the investment.

It's a big slap on Nigeria - no refinery working!

FG has come again to sell federal assets to cronies and make them mega rich the way Nitel, PHCN, etc.were sold out shoddily.

Buhari's regime keeps borrowing and not a single project has been executed - NIGER Bridge, railway project, etc. started by previous governments are still pending. Where are the money sunk?

Hope this is not hate speech?

God bless Naija!

Chief conglomerate/logobenz ...

Your food don done

Pascopele:
DON'T MY UNCLE IS REGRETTING.

What's happened? What's wrong with CARBON?

emmanuelewumi:
Just trying to play devil's advocate.

I don't have pity for people who are scammed.

A ponzi scheme that is very popular on Nairaland and among the youths will find it very difficult to survive another 9 months, the signs are there for those who care to see it

Lol. It's not their fault really. It's easier to see warning signs when you are on the outside looking in. For those inside, what other sign is there than receiving alert on the regular. 10% per month is more attractive than 10% per year. That's why there will always be ponzi. Subconsciously, everyone wants accelerated progress.

FBN Quest Asset Management and FBN Private banking all belongs to FBN, FBN Private banking is for FBN priority customers who does not have the time/does not wish to deal with other FBN affiliates.

In other words whatever rate you got at FBN Quest Asset Management you will also get thesame in all FBN affiliates. My RM at FBN Private banking confirmed that MMF rate for September 10th was 4.5%.

emmanuelewumi:



Do you have money market fund Investment with FBN Quest Asset Management?


You can get the right answer from your account officer at FBN Quest Asset Management


I guess what you got from your RM is for a product from First Bank

XiaoLi:
FBN Quest Asset Management and FBN Private banking all belongs to FBN, FBN Private banking is for FBN priority customers who does not have the time/does not wish to deal with other FBN affiliates.

In other words whatever rate you got at FBN Quest Asset Management you will also get thesame in all FBN affiliates. My RM at FBN Private banking confirmed that MMF rate for September 10th was 4.5%.

FBN Quest Asset Management and FBN Quest Merchant Banks are fully owned subsidiaries who have their own MD/CEO and board of directors. The salaries structures equally varies. They also have different products. That is why information is key.

A customer can have N20 million with FBN earning interest of 2%, while another can have N1 million in an investment products with FBN Asset Management earning 4.5%.


So what rates are you currently getting from First Bank?

MMF was 4.5% as of yesterday, 3% was what they did through the month though.

emmanuelewumi:



FBN Quest Asset Management and FBN Quest Merchant Banks are fully owned subsidiaries who have their own MD/CEO and board of directors. The salaries structures equally varies. They also have different products. That is why information is key.

A customer can have N20 million with FBN earning interest of 2%, while another can have N1 million in an investment products with FBN Asset Management earning 4.5%.


So what rates are you currently getting from First Bank?

Sorry boss 1 billion Naira is just about 2.5m dollars. That’s not a significant amount of money. And believe it or not, there are still foreign investors investing in Nigerian TBills. 4% is always better than 0.5% you will find in the international markets.

Cyberknight:


At 17%, the risk involved in investing in a frontier market like Nigeria was worth it.
At 3. whatever% it is now, and with CBN's last 5-month delay in providing FPIs foreign exchange, no sane investor from abroad would consider investing any significant amount, let alone the equivalent of 1 billion naira. Their shareholders/investees would have them shot.

XiaoLi:
FBN Quest Asset Management and FBN Private banking all belongs to FBN, FBN Private banking is for FBN priority customers who does not have the time/does not wish to deal with other FBN affiliates.

In other words whatever rate you got at FBN Quest Asset Management you will also get thesame in all FBN affiliates. My RM at FBN Private banking confirmed that MMF rate for September 10th was 4.5%.

Not true sir. These are different subsidiaries with different investment products.

Just playing devil’s advocate here but I didn’t think he was saying he had 1 billion to invest. He was probably trying to see how he could link a European company up and get a commission. All na hustle at the end of the day.

pluto09:



If someone has 1 bn naira and he is still asking those kind of questions, we don't need a seer to tell us that something is fishy.

Dangote effect. Even NNPC has accepted that Dangote’s refinery will own the market. Those dead NNPC refineries will not attract serious interest from buyers and will end up like Ajaokuta and Delta Steel wey Naija has been looking to sell since forever. It is the modular refinery guys that have taken huge loans that I really pity. If Dangote’s plant works, nobody can compete. If it doesn’t, then the NNPC refineries will be very attractive for investors.

emmanuelewumi:
This is breaking news. FG to sell its shares in the 4 refineries.


Definitely the group of investors that will buy essh of the refineries, will invest more than N1 billion.

If they get it right they should make huge profit from the investment.

XiaoLi:
MMF was 4.5% as of yesterday, 3% was what they did through the month though.

FBNQuest MMF has never been 3% at any point through the month, not even through this year. I think the lowest was 4.36% and that was 5th of August 2020.
Use this link to check:
https://fbnquest.com/asset-management/historical-funds/

The buyers of NITEL and PHCN assets are not smiling to the bank o.How could those dead assets make anyone mega rich? Infact most of them are regretting sef after taking huge loans to acquire those assets. Remember Ayeni and Skye Bank . The refineries will be the same. Only a dunce will attempt it when Dangote is staking all in his refinery project.

Phylife:


It's a big slap on Nigeria - no refinery working!

FG has come again to sell federal assets to cronies and make them mega rich the way Nitel, PHCN, etc.were sold out shoddily.

Buhari's regime keeps borrowing and not a single project has been executed - NIGER Bridge, railway project, etc. started by previous governments are still pending. Where are the money sunk?

Hope this is not hate speech?

God bless Naija!

Lazyyouth4u:
Sorry boss 1 billion Naira is just about 2.5m dollars. That’s not a significant amount of money. And believe it or not, there are still foreign investors investing in Nigerian TBills. 4% is always better than 0.5% you will find in the international markets.

Oh, there very well might be. Like I said, with the blockheads at Goldman Sachs busy talking down the naira exchange rate in the near term (12 month outlook) and fanning the flames of devaluation, with the proven difficulty Nigeria might have in funding forex obligations as external reserves drop and with Moody's having changed its rating to negative for long-term debt and other rating agencies threatening to follow suit, it would take a foreign portfolio investor with nerves of steel to take a one year bet on Nigeria.

Thanks, I will look into it.

talk2tonie:


FBNQuest MMF has never been 3% at any point through the month, not even through this year. I think the lowest was 4.36% and that was 5th of August 2020.
Use this link to check:
https://fbnquest.com/asset-management/historical-funds/

Tobex4realTobex234:
Chief conglomerate/logobenz ...

Your food don done

I advise them,them no gree.
Them throway their dollars all on monday,aboki dupe them by using scare tactics to frighten them to bring all their dollars and come and dash them.
Just watch what will happen to the fx markets today by 2pm because of this news

Tobex4realTobex234:
Chief conglomerate/logobenz ...

Your food don done

How can the CBN be ordered around by the president like this?

And he will be running pillar to post


God in heaven
Of all countries in the world
You chose to place me in this animal farm

DexterousOne:


How can the CBN be ordered around by the president like this?

And he will be running pillar to post


God in heaven
Of all countries in the world
You chose to place me in this animal farm

It happens everywhere bros,don't make it a Nigeria thing.
No be trump ban Huawei the other day?

United Capital MMF

TransAtlanticEx:
It happens everywhere bros,don't make it a Nigeria thing.
No be trump ban Huawei the other day?

It doesn't


The CBN governor is an independent person

The president cannot be giving him orders

It does not happen anywhere else (maybe in other useless African countries sha)

Trump can NEVER order Jerome Powell to take action


What he can do is to instruct the treasury
That's very different

But Nigeria
Everything jaga jaga and scatter scatter
And the people have normalised the crap

Operating cost of $367 million or N154 billion by the 4 refineries eventhough they did not generate any income.


This is not sustainable at all

talk2tonie:


FBNQuest MMF has never been 3% at any point through the month, not even through this year. I think the lowest was 4.36% and that was 5th of August 2020.
Use this link to check:
https://fbnquest.com/asset-management/historical-funds/

FBN, FBN Quest Asset Management, FBN Quest Merchant Bank are related but they offer different products and services.


Rather for him to keep on enjoying low returns, he can talk to them at the Investment Banking subsidiary of FBN, ie FBN Quest Merchant Bank to enjoy better opportunities and rates.

With N40 million thereabout he can have an account with them