₦airaland Forum

Myhelper1:
It can't be, it is not MBA.

My brother, according to nairaland, any investment that fails to pay on due date is a ponzi scheme

Myhelper1:
No

sukuk is ponzi

Grupo:
I have not checked my Investment One VGIF account for a long time now.

So, this morning, I randomly checked, only to see that my interest is a whopping 127 million naira.

Hahaha. Wetin dey happen? My capital is not even up to 5% of that interest I am seeing there.

Can any of the agents tell me what's happening or I should start rejoicing that I have turned a multi-millionaire?

See screenshot below.

am about sending money there today, let me hold back a bit. my people will soon come and be shouting ponzi

Ifycharlie2:
Bro I feel for ur ignorant. U re investing a whole 2 million wen there are people out there struggling to save up to 200k to start up a small scale buisness..I no sure say u hustle get that 2 million...if not u could have been thinking on how to protect it by all cost with all cautiousness..OP that money is good enough for u to start something in life and plan for ur future.. instead of throwing it in the hands of scammers perpetrating to be forex brokers...no allow greed to control ur flesh if at all u get small sense.

I have 40m in forex market, allow the young man to take a calculated risk, risk is a prerequisite for wealth.

ControG:
Due date is 13th..still waiting for alert 2/24

check your account else your case is definitely differrent

oliverjiad:
okay with with 3.6m

Jaid

any extra charge because of the upgrade?

oliverjiad:
what's the shipping line and which if the lx sir

Jaid

not bought yet, LX 570, 2010 with 2020 body

[quote author=aspiring44 post=96981569]Please give answers to the question below

Which of the LX?=570


Which lines is bringing it sallaum or Grimaldi=not bought yet


It's the glass and manifest showing 2020=2010, just bodily upgrade

Cost of clearing LX 2010 upgraded to 2020

thattnaijaman:
Invest in FGN Monthly Bond Auction - December 2020
Bonds & Fixed Income

The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for

N30,000,000,000 - 12.50% FGN MAR 2035 (15-Yr Re-opening)*

N30,000,000,000 - 9.80% FGN JUL 2045 (25-Yr Re-opening)*



Auction Date: December 16, 2020

Settlement Date: December 18, 2020


Summary Of The Offer

Issuer:

Federal Government of Nigeria ("FGN"



Units Of Sale:

N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter



Interest rate:

For Re-openings of previously issued bonds, (where the coupon is already set), successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus accrued interest from the original issue date.



Interest payment:

Payable semi-annually



Redemption:

Bullet repayment on the maturity date



Status:

1. Qualifies as securities in which trustees can invest under the Trustee Investment Act

2. Qualifies as Government securities within the meaning of Company Income Tax Act ("CITA" and Personal Income Tax Act ("PITA" for Tax Exemption for Pension Funds amongst other investors

3. Listed on the Nigerian Stock Exchange

4. All FGN Bonds qualify as liquid assets for liquidity ratio calculation for banks


Security:

FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of Nigeria


How To Invest

Kindly download, print and complete the tender form.

The duly completed form should be scanned and sent to:

ievbosomon@dunnlorenmerrifield.com or bbhadmus@dunnlorenmerrifield.com

* (1) The DMO reserves the right to alter the amount allotted in response to market conditions

* (2) Retail Investors are encouraged to participate



Proshare Nigeria Pvt. Ltd.

Please is this reopening or a new bond

emmanuelewumi:
Little drops of water makes the big ocean, the journey of a thousand miles starts with a step

Slow and steady wins the race.

Thanks for the encouragement. eyes on the ball

ositadiima1:
If I had that ur 300 or 500 mil u have been accumulating, I would have distributed it in the stock market earlier this year when prices were at their all time low. Stocks like dangote cement, zenith and okumuoil etc would have served all the diversification I needed. And just be a dividend collector for the next few years. A guaranteed 20% annual return plus asset appreciation would have been used to pursue this other riskier investments.

Dangote cement because Nigeria is a developing country and the need for building and construction materials will be in demand for a very long time. Also because the company is well established and will be very hard to be overtaken by new comers.

Zenith, well, any of d FUGAZ would do. The Nigerian banking sector is kind of solid, almost all monetary transactions go through banks.

Okumuoil is into the agricultural sector.

Don't mind my rambling, my views are usually very simplistic and I maybe very wrong.

At no time have I claim to own 500m, am only struggling to own a billion despite devaluation of naira, I just need that billion naira. I don't have 500m anywhere.

Implications:


Dear Valued Investor,

We are pleased to inform you that the book build for the River Jamieson SPV Limited (“River Jamieson” or “the Issuer”) ₦25 Billion Fixed Rate Senior Guaranteed Series 1 Bond is now open. The offer opens today Monday, 7 December 2020 and is scheduled to close on Friday, 11 December 2020. Funding will be on Monday, 14 December 2020. Price guidance is 8% - 9%

The Bond is sponsored by the Edo State Government ("the State"wink and guaranteed by an Irrevocable Standing Payment Order ("ISPO"wink on the State's revenue issued by the State's Ministry of Finance. Proceeds from the ISPO shall be remitted monthly into a Sinking Fund Account, established and managed by appointed Bond Trustees (the Trustees are duly registered with the Securities and Exchange Commission), for the purpose of meeting all obligations in accordance with the Trust Deed.

The State’s focus on strengthening its public institutions, facilitating private sector investments, improving infrastructure, and facilitating public education reform has continued to yield significant benefits. The State’s Internally Generated Revenue (“IGR”) grew at 11% CAGR between 2016 and 2019 (averaging ₦24 Billion annually) with tax sources accounting for 67% of IGR. The State is embarking on this capital raise to support infrastructural investments in order to enable it improve upon its already strong growth trajectory.

Please click the button below to see the following documents.

Series 1 Pricing Supplement
Programme Document
Series 1 Commitment Form
The Series 1 Bond rating reports by Agusto & Co. (“Agusto”) and Datapro (“Datapro”)
The Sponsor’s rating report by Agusto & Co. (“Agusto”) and Datapro (“Datapro”)

Advise needed here:

The summary of the offer is presented below:

Issuer River Jamieson SPV Limited
Guarantor Edo State Government
Programme Size ₦25,000,000,000.00
Issue Size Up to ₦25,000,000,000.00
Description Series 1 fixed rate senior guaranteed bonds
Sponsor Rating ‘A-’ by Datapro
[Bbb-] by Agusto
Issue Rating ‘A-’ by Datapro
[Bbb] by Agusto
Price Guidance 8% – 9%
Tenor 5 years
Par Value ₦1,000 per unit of the Bond
Issue Price 100% of par value
Units of Sale Minimum of ₦10,000,000 (10,000 units at ₦ 1,000/unit) and multiples of ₦5,000,000 thereafter
Security Structure Irrevocable Standing Payment Order of the State and Guarantee and the full faith and Credit of the State
Issue Date [●] 2020
Maturity date [●] 2025
Book Build Opens December 7, 2020
Book Build Closes December 11, 2020
Funding Date December 14, 2020
Day Count Fraction Actual / Actual
Offer Mode Offer for subscription via a book build
Coupon Basis Fixed rate, semi-annual
Principal Redemption Basis Amortising with a 1 year moratorium
Noting FMDQ Private Markets Platform
Use of Proceeds To finance identified infrastructural projects (refer to pricing supplement)

ositadiima1:
Why are you so eager to defend MBA, enjoy your loot in peace nah.

40% return on forex trading is not attainable, at least not regularly. Chai, na only u dey the market. Mind you any expert that has such capability don't need your money, even with one million naira starting seed, giving enough years, that guy will be richer than Bill Gates and Elon combined.

At 40% monthly return the risk will be catastrophic, the best in d game maintain between 5 to 10% monthly return with moderate risk. Don't even argue cos it is public knowledge, google returns from d best hedge funds.

Even HFT, high frequency trading algorithms, run by PhDs and computer scientists don't make 40% monthly, talkless of some bunch of guys using TA and manually placing trades.

Make I no hear that 40% again from ur mouth.

YES SIR, LIKE I KEEP SAYING, I KNOW LESS BOUT IT BUT THOSE SHOUTING PONZI EQUALLY KNOW NOTHING BOUT IT

ojesymsym:
Good advise and taken.
But there is something about this Ray that still doesn't sound like the old Barry, but then advise taken, I am facing front now

ONE AND SAME PERSON

DexterousOne:
You see
That's another sweet thing about the Nigerian Stock exchange.....
No single equity can lose more than 10% of its value in one day
And you can always exit your position ASAP
Especially when the stock is liquid
Personally, I am in "one chance with UBN, and will exit that position when the price comes up just little bit, and then take a loss and go...

Or I decide to hold the stock, and them recieve the dividend before mid year
Then exit maybe in Q3.

When it comes to forex, do you guys have the luxury of exiting bad positions taken?
I'll really like to know

why exit when rate is constant, I didn't invest to exit. even mutual funds, u cant exit immediately, even our tbills, u cant exit without penalties.

lets different a failed biz from ponzi, I expect a Nigerian biz to failed, we are all risking everything in this country. the higher the risk, the higher the returns. I invested a fortune here, and its sweeting me for body. Greatest decision ever taken. 2020 is my best financial year despite I started forex in September and lowest tbills rate. Even did tbills at 3% because I had nowhere to go. make una leave me alone

ojesymsym:
Good advise and taken.

Not directed at you, referring to every one that misdirect their energy.

Make una focus on the ball,

VICTORIOUS FREEDOM.

WHO PAID THE DOWRY?

WHO HEADS THE HOME?

WHO WILL PAY THE SCHOOL FEES?

AND WHERE IS THE CHILDS ORIGIN?

FORMENTING TROUBLE WHERE THERE IS NON

DexterousOne:
You see, that's the interesting thing......
Stocks could be quickly exited if you made a wrong pick
Or things turn for the worse for the company

If your investment objective is dividend receipts (like myself for example) ; you wont even go near a stock that does not pay a dime as dividends
Unfortunately I dont much about forex
But I know one thing
It's a very volatile place
It's like the wild west

like when u buy 50kobo and the next day it becomes 2kobo, what are u withdrawing or who will buy from you?

emmanuelewumi:
I know nothing about it.


But I know you can't make 10% per month on a consistent basis, you can make 40% in January, lose 50% in February, make another 20% in March, 10% in April, lose 15% in May and gain 8% in June.

No equity fund manager will offer you a guaranteed return on investment

I know experts are employed to trade for the company, not one or two people, groups of people. ever wonder why they don't pay roi every day, its because some days are not profitable but in the average at month end, over 40% is made and u r given 10%, is that a big deal. take out time to understand before antagonizing. I am bothered that you castigate something you know nothing about. Take a challenge and learn about it, manuals are everywhere online. also read successful stories of people only live forex. Thanks

emmanuelewumi:
Will struggle to survive till end of January. They need new investors in order to postpone the end

what do you know about forex? can we share. everything you know.

We also have equities that have never paid a dime, that have failed, can we call such stocks ponzi?

ojesymsym:
I remember someone throwing a challenge at Ray to dare withdraw that his 1 million from his wallet to his bank account to prove that the money is concrete and not audio, I don't think Ray has given a feedback on that challenge except I missed it. The person staked 50k for that challenge.
Withdrrawing to wallet is easy, withdrawing to your bank account na there the wahala de start.

On a lighter note, it looks like all my friends have given up on me, no one even tried to introduce me to this scheme and I hear it has been running for about 2-3 years, una non go believe say na for this thread I even hear about am, say in the last 3 months.

the migration requires I present a stamped bank statement which I can only do from the banking hall, I am not available and will only be back for Christmas, after the verification then I might get the money. my brother, people should cry their cry, don't cry for me, relax and monitor your own investment, stop monitoring my own.

you don't have money in MBA and yet you are extremely bothered more than the investors, its my money, thanks for the concern. If MBA could boldly beg people to go take their money from 1st December till date, why are you doubting the payment, I understand that non of you know a single investor that is being owed yet you wish doom, ponzi or no ponzi, the alert is bae, bother less and face front.

What is a ponzi to you might be a life saver to another, dey your dey. don't dissipate energy irresponsibly at others financial boom.

TransAtlanticEx:
Will be long gone by then,unless of course when I come for recreation at Ibeno with family.

Very well then, we catch up anyhow, someday

TransAtlanticEx:
Ha bros,me I too like woman but na PH girls I dey like to chop,especially those ones weh still be fresher for uni.
Na them sweet pass..
Btw,me sef na Atlantic boy,na there be our workshop.
Which division you dey?Agbami offshore abi?

Too much info for a day, will be back 23rd. If still with the chick at Eket then we hook up

Chumachu:
Three options I use.

1) Open a US dorm account and save your ROI in dollars.

2) Open a piggyvest account. Download the app from appstore or playstore. Convert your naira to dollars by tapping the flex dollar account and funding it. This is better because they give a 5% to 7% interest per year.

3) Open a binance account. This is a crypto - currency app. Transfer naira to it and buy the currency called USDT. 1 USDT = 1 USD. you can also decide to fix the USDT there and get about 5% interest per annum.

My naira account is always empty except for emergency funds which I try not to keep above 500k. That 1.25% interest rate per annum offered by savings accounts in banks is appalling.

Cheers.

Who owns piggyvest. More details, thanks

TransAtlanticEx:
Rayray aka ponzi man,I dey your town ooo(Eket).Enroute
Jamestown.
See una man town here as e be like afghanistan

You are welcome, you for try show us your town for comparison. So you came to transact biz with poor men, I wonder how much you want milk them. U can only see around your cycle. Widen your space to include men of armour, james town? Heritage polytechnic ba, see wetin facebook girl don cause you. Instead of using my money to chase polytechnic girls, I better continue the ponzi. For your information, Eket is under construction, bring more pix if you can but show us your town for comparison.

Unfortunately I am not in town, very busy in the atlantic, of the babe keeps you till Christmas then we go see, coming for Christmas. Have fun but use a condom before you kpeme leave your 2 kobo investment

Lazyyouth4u:
Who is this drunkard? Go and drink water to clear your eyes abeg. Right now, you sound like an idiot!

Your upbringing is questionable, you are fill with foul vocabs, how can you succeed? its impossible, drop some filth and breadth fresh air. your comments stinks.

Lazyyouth4u:
Deep in your mind, do you even believe what you are saying that I’m a nursery school teacher? . You sef know that it is impossible na. Tell yourself the truth and it will set you free Oga.

You get who time today? No be me and you o. Go follow your fellow illiterates argue sir. You go destroy my brain cells. I don’t need that sir. Sorry to disappoint you.

By the way, I can feel that ponzi frustration in your writing. Try and be calming down sir. It’s not the end of the world. You will learn from this. Take it easy.

lazy in deeds as a youth