₦airaland Forum

I saw a publication that United capital plc is seeking funds for N10bn unsecured bonds for 5yrs at 12.5%
Is this a good offer.
Those that know should pls advise

Cc: emmaelewunmi
Emmasoft etc

Nice it seems Cbn is reading my advice on dorm holding closed the damn thing for individuals only firm that truely need dorm or earn dollars should be allowed ...u can't be in Nigeria and saving money in dollars in Nigeria banks this it like our sovereignty beem abused ....if u must come to Nigeria do live or do business u must spend in Naira his our mark for exchange of goods and service..Nigerians cannot be holding 20bn unproductive dollars in dorm accounts with short call while the importers of equipments and raw materials are starving....

ahiboilandgas:
Nice it seems Cbn is reading my advice on dorm holding closed the damn thing for individuals only firm that truely need dorm or earn dollars should be allowed ...u can't be in Nigeria and saving money in dollars in Nigeria banks this it like our sovereignty beem abused ....if u must come to Nigeria do live or do business u must spend in Naira his our mark for exchange of goods and service..Nigerians cannot be holding 20bn unproductive dollars in dorm accounts with short call while the importers of equipments and raw materials are starving....

It is a good move by CBN. I heard of somebody that earns in Naira, lives in Nigeria, kids school in Nigeria but went to open DOM accounts for himself, wife and kids. He now converts the Naira he earns and deposit into those DOM accounts. Imagine FX just sitting in DOM accounts while critical sectors are looking for it to import raw materials.

Bakosokoto:
I saw a publication that United capital plc is seeking funds for N10bn unsecured bonds for 5yrs at 12.5%
Is this a good offer.
Those that know should pls advise

Cc: emmaelewunmi
Emmasoft etc

They are not seeking. It has been issued since May. opened May 4 and closed May 15. The bond just got listed for trading. To take part right now, it can only be from the floor of the NSE hence you will need a cscs account if you don't have. Going by the current rate crash, I think 12.5% will not be a bad one.

I'm new to this thread and after going through a couple of pages i couldn't understand shit. All i know is people are investing in FX. Ballers are here.

I want to pay 235 canadian dollars for visa which bank card works any idea ....

While our soverign reserve is 35bn some Nigerians are holding 20 bn dollars ideals in dorm accounts including vp .....if this must continue then we should seed pur sovereignty to America and become a new colony ...

emmasoft:
They are not seeking. It has been issued since May. opened May 4 and closed May 15. The bond just got listed for trading. To take part right now, it can only be from the floor of the NSE hence you will need a cscs account if you don't have. Going by the current rate crash, I think 12.5% will not be a bad one.

Thank you so much.
I actually say the May date, but thought it was a typo error, as the article stressed September 2020.
Yes, I have a fscs account with them, will contact my account offr

But as a company, what do you say about their management team, their vision and possibly projection in the future?

emmanuelewumi:
For a stock of about N4.50k, bought for N1.20k in 2013 and paid a dividend of 70k in 2019

Bakosokoto:
I saw a publication that United capital plc is seeking funds for N10bn unsecured bonds for 5yrs at 12.5%
Is this a good offer.
Those that know should pls advise

Cc: emmaelewunmi
Emmasoft etc

It is a done deal

ahiboilandgas:
While our soverign reserve is 35bn some Nigerians are holding 20 bn dollars ideals in dorm accounts including vp .....if this must continue then we should seed pur sovereignty to America and become a new colony ...

What stops Nigeria from having a foreign reserve that is higher than that.


A small country with a population of about 6 million has about $1 Trillion in her Sovereign Wealth Fund. With this the country earns over $40 billion as dividends from companies like Microsoft, Apple, Coca-Cola, Shell, ExxonMobil,Toyota, Facebook to mention a few.

Whereas Nigeria with a population of 200 million does not have $2 billion in her SWF, should be less than that because we have liquidated part of the fund

ahiboilandgas:
While our soverign reserve is 35bn some Nigerians are holding 20 bn dollars ideals in dorm accounts including vp .....if this must continue then we should seed pur sovereignty to America and become a new colony ...

They can cut mpr, restrict forex , devalue, which isn't going to do much until they implement a well thought out industrial policy that would allow for the economy to diversify .

Eg how do you lower the cost of producing batteries over the period of 5 years?

emmanuelewumi:
What stops Nigeria from having a foreign reserve that is higher than that.


A small country with a population of about 6 million has about $1 Trillion in her Sovereign Wealth Fund. With this the country earns over $40 billion as dividends from companies like Microsoft, Apple, Coca-Cola, Shell, ExxonMobil,Toyota to mention a few.

Whereas Nigeria with a population of 200 million does not have $2 billion in her SWF, should be less than that because we have liquidated part of the fund

cos president like jonathan was intending to pay .p.i.d 850m dollars as settlement for non existing gas processing plant ....and the Norwegian dont go about buying up dollars as a legal tender and run dollars black markets ever where ....both the Nigerian leaders and followers are the cause....leaders is a reflection of their society....if 200m Norwegians are relocated to Nigeria ...the reserve will rise to 200 bn in 5 years ....while if 6m naira ( 2 million hausa ,2 million ibos, 1m ijaws 1m Yoruba ) are with degrees are moved to Norway's in 5 years time the 1 trillion dollars funds will dissapper and reappear in dubai and London property markets and Norway will be borrowing from China.

Nigsrdumb:
They can cut mpr, restrict forex , devalue, which isn't going to do much until they implement a well thought out industrial policy that would allow for the economy to diversify .

Eg how do you lower the cost of producing batteries over the period of 5 years?

who are they?Chinese people or Nigerians or Ghanaian people

ahiboilandgas:
who are they?Chinese people or Nigerians or Ghanaian people

Nigerian businesses off course.

ahiboilandgas:
cos president like jonathan was intending to pay .p.i.d 850m dollars as settlement for non existing gas processing plant ....and the Norwegian dont go about buying up dollars as a legal tender and run dollars black markets ever where ....both the Nigerian leaders and followers are the cause....leaders is a reflection of their society....if 200m Norwegians are relocated to Nigeria ...the reserve will rise to 200 bn in 5 years ....while if 6m naira ( 2 million hausa ,2 million ibos, 1m ijaws 1m Yoruba ) are with degrees are moved to Norway's in 5 years time the 1 trillion dollars funds will dissapper and reappear in dubai and London property markets and Norway will be borrowing from China.

Exactly!

Nigsrdumb:
Nigerian businesses off course.

so as a business man what role have u played in the industrialization policy and local content development ...

ahiboilandgas:
so as a business man what role have u played in the industrialization policy and local content development ...

often, people just prefer to do nothing and castigate.

ahiboilandgas:
so as a business man what role have u played in the industrialization policy and local content development ...

I'm referring to government policies, not individuals.

Eg look at how China supports their private sector.

What is the Nigerian government doing that resembles this?

Nigsrdumb:
I'm referring to government policies, not individuals.

Eg look at how China supports their private sector.

What is the Nigerian government doing that resembles this?

100 bn was given to rice farmers , 50 bn to rice mills , 50bn covid support, argmis 10m facilities ....what happened? The rice miller and traders Jack up price of rice to 23k per bag ....what happen to 100 bn unrecoverd by the bank of agric or 300 bn unpaid loans by bank of industries.....all this billions have been looted by Nigerians...

awesomeJ:
often, people just prefer to do nothing and castigate.

it a patrotic duty to support the policies example rifan kano chapter cannot account for 10bn naira rice loans given to famers in kano ....instead the Rifan chairman built a big mansion and rice mill for him self and claim 15000 beneficiaries have disappeared

Nigsrdumb:
I'm referring to government policies, not individuals.

Eg look at how China supports their private sector.

What is the Nigerian government doing that resembles this?

500,000 sme payroll support have u applied? I register to apply for 10 of my truck drivers to get 50k x3 months salary ...do u pay tax ? I pay income tax,education tax , capital gain tax and wht....so I can apply...

If the ccp say Chinese should eat local rice produce by local Chinese mills to aid industrialization...70 peecent of Chinese people will key into the vision of this transformation....in Najia same policy xyz group will protest ethnic agenda , smugglers with go to cotonu to import from thailand to sabotage the policy , supermarket will sell the rice to sabotage the policy , citizen xyz will buy the item to sabotage the policy , mr xyz the rice miller will divert the loans to contest election And build a mansion.....the we fail and accuse everbody excluding yourself and wonder how we have 100m unemployed people ..

Nigeria is a reflection of the country we collectively deserve while Norway is the country Norwegian deserve ......after filling the drainage with takeaway pack and it rains and their is flood Nigerians will wonder how come it happend ...like wise Nigerians buy up dollars and keep in dorm accounts unproductive and wonder why dollars is scare and why the cost of sardines produce abroad is now 380 naira from 200......confused Nation....

Nigerians by pass smart meters and refused to pay for electricty supplied then wonder why nepa has not brought light ,then nepa people will dish our imaginary bills and imagine mad people should pay why woudnt they pay....nigeria govt sold nepa for 400bn naira as a private firm ..now govt have spent 1.5 trillion on same organisation in name of support ....

So now, what will happen to my unproductive $30 that I have in my credit card now?

ahiboilandgas:
Nigeria is a reflection of the country we collectively deserve while Norway is the country Norwegian deserve ......after filling the drainage with takeaway pack and it rains and their is flood Nigerians will wonder how come it happend ...like wise Nigerians buy up dollars and keep in dorm accounts unproductive and wonder why dollars is scare and why the cost of sardines produce abroad is now 380 naira from 200......confused Nation....

ahiboilandgas:
Nice it seems Cbn is reading my advice on dorm holding closed the damn thing for individuals only firm that truely need dorm or earn dollars should be allowed ...u can't be in Nigeria and saving money in dollars in Nigeria banks this it like our sovereignty beem abused ....if u must come to Nigeria do live or do business u must spend in Naira his our mark for exchange of goods and service..Nigerians cannot be holding 20bn unproductive dollars in dorm accounts with short call while the importers of equipments and raw materials are starving....

It's a wrong move

Nothing wrong with having a dormiciliary account

Mopolchi:
So now, what will happen to my unproductive $30 that I have in my credit card now?

ask cbn governor...me am looking for...235 to pay for visa ...

Lest we forget.

@ahiboilandgas, you are vexing this morning.

Looks like CBN reads this thread coz some suggestion I think I have seen here are what are playing out right now.

Can you have a naira Dormicilliary account in the US or Europe?

DexterousOne:
It's a wrong move

Nothing wrong with having a dormiciliary account

DexterousOne:
It's a wrong move

Nothing wrong with having a dormiciliary account

Why? If hungery and there excess food at your disposal keep by Neigboorhood while u starve to death or eat....