₦airaland Forum

awesomeJ:
In 5 days.

freeman67:
Nothing serious sha.

First of all, I did a termed investment with them recently, it matured and my money was not paid complete as stated it was stated on the terms. It was short though for an insignificant amount but that was the first time I have experienced that. They was not reason at all to do that. I complained and there was not tangible response.


Secondly, arbitrary charges on CP'S. I have done several CP's with different firms. The cost of CP is to borne by the issuer just like Primary Market TB and FGN Bond. However, with them it doesn't suffice. They will charge the customer and him they are just stock brokers.

freeman67:
Wow..Thanks. I tried contacting FBNQUEST and DLM itself about but I didn't get any reply from them and I don't like to do anything of that nature with Afrinvest again.

Mindlog:
Buy a house in the UK in one year, working as what?

Wotowotoman:
Sometimes I wonder if you just dey chase clout or if you no just bright. How can you claim to be a man in his 50s approaching retirement that has been on this thread for several years and yet you sound so naive about investing.

Always asking very basic questions about investing and claiming to make mistakes and needing advice and encouragement. Something doesn’t add up abeg. You are most likely a troll!

awesomeJ:
Have they changed the meaning of "Luckily"? 😁😁

sirrotex:
What are the applicable taxes that would apply

sanerugwei:
How good is this Fidson Pharma Commercial Papers? Rates very enticing but how reliable are they?

Someone pls explain the discounted rate vs Implied Yield thingy seeing it's not up to 365 days period? Will the rates be pro-rated?

eniorisha:
Good day, great investment minds! It's been so long I followed this tbills tread & d numerous posts mostly not related to tbills won't allow one to go thru all d posts.

Pls, what's d current Treasure Bills rate in primary and secondary markets now for a tenor around 365 days?

Second, pls, is it true FBN branches no longer deal directly with tbills dt they now do thru one of their sublets like dt?

Third, I av a tbills I did @7% last October dt is slated to mature July this year. Pls, can I terminate this running one?, if yes, how do I go about d termination & how long will I wait to get it terminated?

Foodempire:
15.75 I think. I regret the investment considering the amount involved.

freeman67:
The sukuk rental just dropped this morning. As we complain when we never see. Make we clear the air say we don see.

oluayebenz:
In-market rate is now #950 / 1usd

Dollar will likely settled at 700 by June

awesomeJ:
Anyone who bought T-Bills in February month when USD was at 1900, didn't just make 20-21%, they made close to 80% or higher in terms of USD value of their assets.

19m was only $10,000 in February.

Doing secondary market 65 days at 15% on Feb 3rd, that same 19m is now $16,250.

That's naira delivering interest earnings and capital gains totalling 62.5% in just 65 days.

safex:
The discount I got from Zenith is around 20% for 364 days

ogawisdom:
USD still receiving woto woto

oluayebenz:
Stop nah 🤣😂

jabolo:
Alagbaka not Agbalaka
https://thenationonlineng.net/firm-floats-n4-2b-bond-to-build-ondo-power-plant/

The turbines were just delivered in December (https://independent.ng/power-ondo-ag-gov-aiyedatiwa-to-take-delivery-of-n7-8bn-worth-gas-engine/) so not yet operational. Paying coupon from financing cashflows could be a mini-Ponzi.

On the other hand, the ultimate Guarantor is the Ondo State Government so there is your recourse.

I believe RayRay06677 asked a similar question in September, and later confirmed the coupon is usually paid a couple of days late.

Akerewe:
Pls which one is Agbalaka bond

PHAYOL81:
FOR one that's still an MOU with the project yet to start. To get the place running there has to be facilities procurement which hasn't yet get underway and being a training facility, it may suffer the same faith others before it did due to poor management and improper maintenance devotion either from the government or the facility administration. The design is often viewed by the managers as just training facility aimed to bring forth modern farmers and not always treated as investment that's geared towards food sustainance and profit generation. Even if it's not generating profit, it should be able to run itself by the revenue the sales of the farm products but that's not often the case （as government was always still required to pump in more money after few years as exemplified by the ones previously started in NIGERIA）hence they went moribund.
I expect serious farming system designed for sustainable food security and revenue generation from the governments/governors.

PHAYOL81:
Another short term measure. What happens to securing thousands of hectares of land for farming of essential crops with highly mechanized system coupled with high yielding seeds？