The broker or bank charges are usually embedded in their bid/offer prices. Not all banks charge custodian fees btw. Focus on the offer price if you wish to purchase. You can phone or email a number of them to explain/breakdown their charges to you. You can even ask them to send you an example following which you should make sure you understand them. If you have further questions following this, they will be happy to answer them. Good luck.

Akerewe:
pls what are d charges on this fgn bond in d secondary market? i saw something like 7.5%vat, 0.05% and custodian fees. pls house help analyze these aforementioned charges!

Enjoy

OgogoroFreak:
Wonderful

They are all Federal Government debt instruments with varying tenors. Sukuk is I believe is currently up to 7 yrs, Treasury bill up to 1 yr and FGN bond up to 30 yrs.

Akerewe:
thanks for your swift response. Pls any difference between sukuk, treasury bill & fgn bond?

All FGN bonds are always available to sell or purchase on the secondary market. Approach your bank or broker for current prices.

Akerewe:

Pls house kindly let me know if the attached bond is still available. Also I want to know the different between this bond and sukuk or treasury bills. Am into sukuk nd treasury bill nd will like to try my hands on this bond if it's still available because of the rate. Kindly advise me.

Insightful quote below.

Excellent foundation and financial planning Sir Emma. Is there no room to add Mr/Mrs/Miss NL1960 to the Xmas sharing event this year?

emmanuelewumi:


Just 7 funds ooo, for different purposes and to avoid co-mingling.

I have

FBN Quest Money Market Fund, for rental income

Abacus Money Market Fund for University Education of the kids

VGIF emergency fund

FSDH Treasury Bill Fund for flenjor

Coral Income Fund: 30% of dividends earned are invested there. Liquidated everything during the lockdown to take position in the stock markets.

United Capital Fixed Income Fund is for diversification and personal retirement plan

United Capital Money Fund: I am my grandma's eldest grand son, rental income from her properties are invested there. We use the fund to renovate and maintain the properties, 80% of the surplus is shared among the 20 grandchildren in December during the family reunion party

Seconded. Totally agree.

ojesymsym:
Americans and Singapore and other first world countries have a productivity and greatness mindset. So they always strive to get better in all that they do.

This is not about prayers at all. As a matter of fact, your second statement is what I am talking about. Because of the destructive mindset of our people believing that the country will never get better, they allow their greed get the better of them to destroy any sector they man, no matter the position they hold whether na security man, or politician.

I have followed CNBC's Insana for many years. I think his opinion below should be a warning and lesson. A word is enough for the wise. History does repeat itself.

Insana: The pied pipers of cryptocurrency are leading investors to their doom

https://www.cnbc.com/2021/05/20/insana-the-pied-pipers-of-cryptocurrency-are-leading-investors-to-their-doom.html?recirc=taboolainternal

I also like how he ends the article...

"If you have profits, take them and go back home. If you have losses, cut them.

If you haven’t yet played, stay home, stay safe and be well."

The annualized rate of return over 37 years using your initial and final value figures below is 19.07%

$:NGN Final value in 2021 = 485 Naira

$:NGN Start Value in 1984 = 76Kobo

I would also advise you that in future learn to ask questions politely. You have no right to TELL someone to do any calculations for you. So ask politely. I decided to compute the above for you because it is clear that you are unable to do the calculation yourself even after I had communicated the formula for computing it. Wishing you the best. Take care.

STNWAUME:


In 1984 exchange rate was N0.76k per USD today it's N485 per USD.

Do the calculation and tell me the returns for those holding dollar assets?

The annualized rate of return over 37 years is 17.44%

ASI Final value (today) = 38,324

Start Value in 1984 = 100

And below is the formula if you wish to calculate it yourself for verification purposes.

(((final value/initial value)^1/no of years)-1)*100

emmanuelewumi:
The All Share index was introduced in January 1984.

At 100, looking at the current figure of the ASI who can help me with the annualized growth rate of the index from January 1984 to date?

Time will tell. Take care.

afroxyz:


So the central banks decided that gold has intrinsic value, not that Gold has anything has any value to offer. You expect Central bank to recognize the very thing that threatens their existence? Nice try

The intrinsic value of gold is or portends from the fact that all central banks in the world have acknowledged the value of gold as a store of value since time immemorial . So much so that many of them have a portion of their reserves in physical Gold. No central bank recognizes any cryptocurrency as a store of value. Sorry but I do not see that stance ever changing.

afroxyz:


When inflation rises, first assets that get hit a risky and speculative assets. Cryptos and tech stocks fit that bill. When has crypto ever been 'legal'? If you are talking about intrinsic value, please what is the intrinsic value of gold?

The inflation broadbased market price action is unrelated to the bitcoin or cryptocurrencies market price movements. Cash generating equities (companies) have intrinsic values. Cryptocurrencies do not. I maintain within 5 years they will not exist. Digital currencies may very well exist but cryptocurrencies will not exist LEGALLY.

afroxyz:


Stocks paced toward a third straight day of declines, with technology shares leading the way lower as concerns over inflation persisted

https://uk.finance.yahoo.com/news/stock-market-news-live-updates-may-19-2021-221605666.html

Interesting times ahead for crypto holders/investors/speculators...

China bans financial, payment institutions from cryptocurrency business

https://www.cnbc.com/2021/05/18/china-bans-financial-payment-institutions-from-cryptocurrency-business.html

afroxyz:


Weak hands have to be shaken out. Follow action not words. Tesla has not sold its bitcoin

Another Shoprite gives up on Nigeria (Royal Dutch Shell). Interesting term used by the group CEO for a business operating in Nigeria, i.e. "headache"

https://www.reuters.com/article/us-shell-nigeria-idUSKCN2CZ24J

Interesting character (Musk). More interesting is his effect on these crypto prices

Bitcoin hits three-month low as Musk drives investors to exit
https://www.reuters.com/business/finance/bitcoin-hits-three-month-low-musk-drives-investors-exit-2021-05-17/

skydiver01:
Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said: “They have no intrinsic value.”

“I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

https://www.cnbc.com/2021/05/07/bank-of-englands-bailey-crypto-investors-risk-losing-all-their-money.html

Today's auction results below.

skydiver01:
The NTB Auction that was scheduled for Wednesday 12 May 2021 will likely take place today. Will be interesting to see where the stop rates end at.

The NTB Auction that was scheduled for Wednesday 12 May 2021 will likely take place today. Will be interesting to see where the stop rates end at.

Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said: “They have no intrinsic value.”

“I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

https://www.cnbc.com/2021/05/07/bank-of-englands-bailey-crypto-investors-risk-losing-all-their-money.html

and a resounding AMEN to the below.

Cyberknight:


This I have to agree with.
It's a rule that works - you give and you get. Even the irreligious who know what's up apply it.
And it cuts across all "religions".
Just define "God's Kingdom" properly. Avoid the pastorpreneurs and their lousy tithing marketing and do your giving to people who really need it. Financially adopt an orphan or something like that, do your giving very quietly and very anonymously and it will indeed work for you.

Yes.

exclusiveoloori:
Hello house,

Pls when is the next Tbills auction ?
I considered that there might be public holiday next week. Is there possibility that the auction will hold?

Thanks

Wednesday 12 May 2021.

craleonic:


Thanks for this info. When is the next auction date, please?

Today's TBill auction results are below.

Viqtour:
Anyone got idea of the treasury bill rate today?

Excellent advice that should be heeded.

emmanuelewumi:



Reason why at retirement, one should have at least one real estate Investment. It will provide free accommodation for the retiree

Only you can decide what's important to you. Guaranteed income (Bonds) or a combination of speculative income (rent) and capital growth (real estate). I do not think you have factored in what the block of 4 flats could be worth in 30yrs. Either way the choice is yours. Best of luck.

Ijeoma660:
Which would you go for?

On point & seconded. Very sad and critical situation.

Lazyyouth4u:
The problem with Nigeria is hypocrisy. We will tell lies, cheat and steal from our fellow human beings, support criminals, insult and abuse people and then go to church and mosque to pray. We will even do dry fasting during Lent and Ramadan and then start writing motivational quotes all over the place.

How won’t God continue to punish us? We are the most hopeless sets of human beings on this planet!

I would ask him very nicely and would also be terribly polite. I would in turn hope he would then tell me who he thinks he is.

Lazyyouth4u:


Please don’t try it with Femi Ote o

Re: the bolded below. Will certainly use it in future. Merci

Freciprocal:


This is empty pride and chest beating. I normally reply people who use this phrase with

'Sir, please who are you? '

It always throws them off...

Well, Econet Nigeria does not exist today. Greedy Ibori and other Nigerian shareholders were asking for the impossible from him and so he left. Sweat equity or not, it is not the greedy shareholders that will build and run the company. Hence no Econet Nigeria today.

Etisalat's debt did not vanish. The same greedy Nigerian banks conniving with other greedy Nigerians chose to be unreasonable in restructuring the debt with Etisalat. But hey presto, the same greedy Nigerian banks chose to restructure the debt with greedy Nigerians who wanted to take over the company which we know today as 9mobile. Why did 9mobile and her sponsors not launch 9mobile from inception like other MNOs that came into Nigeria? NCC and CBN were there when Etisalat requested a debt restructuring. I will continue to maintain that widespread greed and corruption continues to hold back Nigeria's development.

emmanuelewumi:



The promoter of Econet could not have his way with Nigerian shareholders. He had to leave.

Econet Wireless has the following shareholders Lagos State, Delta State, Akwa ibom state, First Bank, FCMB, Leadway Assurance and other High networth investors.

The Zimbabwean guy did not drop a kobo, 5% share of the company was allocated to him as sweat equity.

Econet needed money to expand other shareholders were ready to invest more, but Strive was not ready to invest and does not want the other shareholders to invite outsiders who have the money.


Etisalat left because of debt, there was a time when banks wanted to take over the business, but for the timely intervention of NCC and CBN

Econet and Etisalat left honorable and have not looked back since or tried to sell any of their services to Nigeria or the Nigerian market through any back door. Shoprite and other well managed companies will not be back until or unless Nigeria changes and develops. Nigerians have so far demonstrated that we are not willing to develop our country.

emmanuelewumi:



Kindly share examples of such companies that left honourable and are not interested in selling their products to Nigerians through the backdoor


Mass unemployment will be the order of the day since we have continued to be the biggest importers in Africa, especially products that can be produced in the country.

$1m is nothing to Unilever or Nestle. Nigerian traders here or in Ghana are simply unscrupulous and add no meaningful value to products or their value chain. Unilever and Nestle export to Nigeria better produced products by more honest workers and better infrastructure which the ECOWAS treaty allows.

emmanuelewumi:
Same Ghanaians told Nigeria traders to have a start up capital of $1 million before they can trade in their country and we want our country to be a dumping ground for products from Ghana

I can relate to your line of thinking. However, all companies that have chosen to leave Nigeria have left honourably and responsibly and I would suggest for those who think they are resilient. The outcome of Nigeria's development as a result of being abandoned by well governed companies over the last 40 years speaks for itself. Those companies or individuals who have been pretending to be resilient have not managed to bring inflation down, reduce mass unemployment, deliver strong exchange rates, grow exports, reduce the country's balance of payments or bridge the infrastructure deficit gap. Anyway we all have different views, all of which I respect, but I would rather stick to measuring national development rather than how much I earn in dividends or from fixed income investments which for me is material (I am not an audio anything btw... just stating that I am not lost on the continued risk of the value of these passive incomes being lost in real terms to devaluation or hyper inflation). Thus personally, national development should always take precedence which leads to improved quality of life for all, reduced insecurity and increased investment in the country including increasing the manufacturing base reducing unemployment etc etc to name a few amongst others.

emmanuelewumi:



What is worth doing at all, is worth doing well. When you leave the Nigerian business environment because of the so called harsh conditions, it is honourable and responsible to also leave the Nigerian market for those who are resilient