₦airaland Forum

keeper303:
Please share your experience so that others can learn lessons from you.

We invested in agbalaka bond backed up by one SW state.

They paid first 3 coupon and when the gov died, next gov ignored us for another 2 years only for Afrinvest to buy us out with only our capital and interest of 2 years gone.

Good news, I got my capital.

vanvickie:
Hi, Which bank or app offered you this rate pls?

First bank

Bakosokoto:
You might want to look @ Presco PLC 7yrs Bond on offer now

I learnt a bitter lesson with one power plant bond like that.

If not federal government , no deal

Happy new year great minds.

Do sterling bank have mutual funds?

Dear Afrinvestor,


Please be informed of the recent delisting of Flourmills of Nigeria (FLOURMILLS) from the Nigerian Exchange and the payoff of shareholders. As a result, shareholders are to be paid N86 per units held as at 10th Dec 2024.



What this means for Your Investment:



This means the total units of the Flourmills shares you own multiplied by N86 less 10% for withholding tax (WHT) would be paid to all existing shareholders of Flourmills as at 10th Dec 2024.



For instance, you had 10,000 units, multiply by N86 is equal to N860,000 less N86,000 (10% for WHT) is N774,000. The shareholder would be paid N774,000.



If you had flourmills shares as at 10th December 2024 and have not received the payoff funds, kindly reach out to Atlas registrars via email at registrars@atlasregistrars.com. For details, please CLICK HERE to read the public notice by Flourmills.



We understand that changes like these can raise questions or concerns, and we are here to support you. If you have any questions or need further clarification, please do not hesitate to contact our customer service team at connect@afrinvest.com



Best regards,

Akerewe:
Fgn bond or Tbills?

Primary or secondary market?

I thought the last Tbills I saw was 29% what happened nd what's the current Tbills tmrate?

Tbills secondary market discount rate and not yield

Akerewe:
Good, new year don set b that!

Me that missed 359 days at 21% today because I am not in town and my phone with app is not opening.

New year should wait, the second fruit will be used appropriately when the rest have finished their celebration.

keeper303:
Send tithe to me

Immediately after your 100 days fasting.

Nothing God cannot do

Akerewe:
On 24th December 2024, all the same, it has dropped

Finally dropped on the 27th

Chuksteve:
Hello guys. Please does anyone know how safe or secure Saro Lifecare Commercial Paper is?

done it in the past and was paid in full.

SouthAmericalif:
will i still get the same percentage as per the government.

You might even have higher, depends on the dynamic of the moment. As at today I think it should be higher than what I got

tabithababy:
. Good afternoon, please how do I buy this bond you people are talking about

You can buy from a stockbroker; I am dealing with AFRINVEST for now.

Akerewe:
Make una relax, he go sup

Thanks

Akerewe:
On 24th December 2024, all the same, it has dropped

I and another colleague are yet to receive.

Our cases must not be isolated ones so reverify the status.

Thanks

Akerewe:
Yes it came in yesterday night

Yesterday was public holiday.

Check again, thanks

Please kindly update if you've been paid for 2038 bond that was due on the 21/12/2024.

I am yet to see a trace, Christmas is almost crumbling.

ernie4life:
If you tell your financial house am sure they will provide you with more information and can help you buy it.

Thanks

ernie4life:
Hope the house is aware that VFD group Plc Commercial Paper closes tomorrow with a yield of 30%, heard its net of tax(confirm from your investment house)?

Who is trading this one??.

Timmi:
Yes, it is trend in December, too many $ inflows hence it’s a classic demand and supply at play. Hold on to your $ until mid to late January

Right time to buy then

jedisco:
The time has come to tread carefully on this.

There has been some macro changes I'd list below.

1. The naira has been free floated with significant less room to roundtrip. This way the effect of market forces would be more evident

2. Dangote refinery. Imported pretroleum products was our biggest need for forex and the last govt awarding him cheap usd helped get us in this state. However, the refinery is finally up and running and sourcing most crude locally plus then exporting finished products is a game changer. Of couse he has usd loans which he would pay back but these should be more favourable than importation.

3. Ending petrol subsidy- This has brought significant hardship but at same time dampened local petrol usage and smuggling. The previous method gave room to corruption and the govt spent huge amts of forex to forestall this. Worth noting that reduced energy is generally not good for growth.

4. Due to inflation, collapsed naira and all three above, the buying power of the populace has sadly reduced with many manufacturers looking for local alternatives where they can. i.e less appetite for imported goods.

5. Diasporean inflows- A major forex generator for the nation which the CBN has recently successfully been able to streamline. I know this as a few years ago, those looking to send in money would be advertising and exchanging details on WhatsApp or doing so via crypt0 channels due to high fees from the likes of Western Union or the govt insisting only usd can be received locally or the failed Naira4Dollar scheme. Now, there are very good apps which are licenced almost immediate. I believe the forex eventually streams to the govt coffers.

I believe the next major hurdle is fighting inflation tied in with reckless money printing. The CBN seems to be actively looking to address this. It remains to be seen the effect of the new minimum wage.

I was in Nigeria recently and surprised how 'relatively cheap' items have become due to the currency collapse. I think we are at or close to the bottom of this nightmare and soon at a stage where local investments may begin to yeild real returns. I am not rushing in but biding my time. The next 6-12 months should be crucial. If the Naira can keep ranging (1500 -1900) and resists further devaluation, market confidence should gradually return. I'm not looking to catch the bottom but would be keen to step in once things are heading upward

P.S as you may know, I have longed preached folks should defend their buying power and was at the forefront of warning folks to hedge their naira holdings against devluation over the last few years. Even beofre the current govt when I was quite sure the local stock market was due a rally and stated that here, I opted not to invest as I felt estimated returns in Naira might not beat corresponding investments in usd which has proven been the case. Its still worth being hedged so you don't get swept off your feet by a rubbish govt policy but to me, times has come to start paying attention.

Hope you are feeling it

In all these, GEJ is smiling.

Nothing is as sweet as seeing your enemies fight dirty.

Dollar will rise.

If they died in a club, the ''Christian'' world wouldn't let us hear word.

May God accept them the way they are, Amen.

ernie4life:
Next week

28% to 29.5%

Abobie, naija don cast be dat

kingthreat:
I totally understand. Just that the blogger says that innocents are being affected. There's one illustration of a cultist using a war to label his landlord a cultist and killing him so he doesn't have to pay for rent. No way do I miss any dead unrepentant cultist. They know what they signed up for and the consequences of what they are actively doing.

I am old school sha, I don't know of now, before now, they weren't that careless, either you are affiliated officially or unofficially with them before you are striked.

Stray bullet is understood but no one planned from home to hit an innocent jew. That doesn't count. A jew is worthless in the numbering. If landlord lose guard make tenant hit am, no be cult war be that, he would still have hit him without the war.

Like I said, landlord stop hosting a cultists or elements that show signs of trouble, peace of mind above money.

Meanwhile, when you choose to be a jew, don't be a coward. A coward is a coward, cultists or not. Seen many from both divide.

Seen cultists watch over jew because cultist wrote undertaking with DSS to protect that jew because a case of threat to life was reported.

That was in school sha.

One thing I like about these jewman vs hardman matter be say mostly na jewmen dey observe hardmen corpse for streets.

The end justifies the means.

I remain a proud jew.

The king of the jews.

kingthreat:
There's this Telegram group I follow, Naijaconfra. The guy has been documenting the recent NBM vs Maph war. There is a killing every few hours. As cultists are obviously on their guard, alot of victims are inactive cultists and even jews labelled as cultists to add scores to the killing party. It is just like a cleansing season in Benin. Government must do something about this madness.

I went to a school where exams must continue until it's proven that innocent people are killed but if it's cultists killing cultists then continue your exam.

Few semester, the exam fever wars stop, truce were reached for exams period ceasefires. Anybody that's not ready for exams should never think shooting will postpone exams.


Back to this scenario, if cultists are helping government to clear cultists off the streets, why don't you think the government are happy over it. For jewmen like me, be sophisticated about your environment and degree of relationship with questionable characters. Once you benefit from the system, you're guilty.

In my town, i visit pubs more when the boys are fighting as all joints will be calm and that's when I invite all the bad eggs I know are affected to offer them free drinks.

Once I tick that card, the rest will be excuses.

My submission, allow who killed by the sword to be killed by the sword so that me that doesn't kill by the sword will have real peace.

Are you missing the dead CULTISTS?

ernie4life:
Yield or discount rate?

Discount

Mtn

Can't post, it expires today, was for less than 4 days. 24%/23%

@toginn, how market

At this stage of our economy, is it still advisable to convert to dollar?

Hogwarthtrades:
Military takeover is different from out right dissolution/segregation.

For Military takeover, everything still runs except there's a decree (which will be catastrophic ) to overide or your investment in bonds goes into thin air technically because your debtor don kaput.

But other asset like shares and debentures will be subject to how dissolution affects the companies operations. Liquidation , repatration of capital to the main base (wherever that may be in the respective situation example Luciano & Lansky run casinos , and other US covert operations moving from Cuba after fidel castro took over ) or to shareholders that may be in a different country due to such effect.

For companies still functional after dissolution, this may mean trade risk exposure such as tarrifs, import-export controls, currency risk etc. To get a gist of what dissolution/ separation may look like, east-west germanypost WWII is an example to read up on.

All that said, Those who have not experienced disruption fantasize about it till it's at the doorstep where buyer remorse is not an option.

Nice term paper.

What happens if nigeria splits?