NewStats: 3,265,427 , 8,186,710 topics. Date: Saturday, 14 June 2025 at 09:57 PM tz4j

LegitBitcoinBuy:


You don’t need to be hostile I only asked a question.

I think this thread has gone beyond Treasury bills since the rates crashed, we’ve talked about Real estates, Oil , mutual funds and even the recent Sukuk bonds and it was welcomed I don’t see any reason why I can’t ask my question and meanwhile if you have no contribution to make please stick to reading and stop the policing you’re just making the thread too long for people who want to add valuable contributions.

I think questions on investments should be welcome for discussions given the low rate of treasury bills.

unite4real:

after 24 hours you come back and see like 6 pages of arguments and none of the posts relates to the topic. the strategy to adopt is when you see those names, jump and else, you go read taya. I was able to go through 3 pages in 60 seconds

Exactly! Was a bit surprised to ask an investment question although on purchase of ppty, and hardly got any response but so much energy on arguments. Very unlike this thread...

Sach:
Hello all. Advise needed with sound analysis. Should one take a NHF loan of max 15 million
payable over 25 -30 years interest rate 6%, equity contribution 10% to buy a terrace house of 38 m at agungi or its environs. The rest would be personal contribution. The person is yet to be married, looking at this more as an investment option and cos of the cheap loan opportunity. A concern is building up savings after such huge investment. The person is also reluctant to rent so might live there, additional expense of furnishing etc etc.

Please respond to me @emmanuelewumi and other sound experts...

Hello all. Advise needed with sound analysis. Should one take a NHF loan of max 15 million
payable over 25 -30 years interest rate 6%, equity contribution 10% to buy a terrace house of 38 m at agungi or its environs. The rest would be personal contribution. The person is yet to be married, looking at this more as an investment option and cos of the cheap loan opportunity. A concern is building up savings after such huge investment. The person is also reluctant to rent so might live there, additional expense of furnishing etc etc.

tunene66:


Then report to CBN.
Send an email to [b][email protected][/b]and copy the bank's official email. I believe they will act

I might have to do this because my money cannot be wasting without interest.

TotoNaRubber:

Do you mean you deposited Dollar Cash into your Stanbic USD and tried to transfer the same Dollar to the Stanbic Dollar Fund and they refused?

Exactly!!!!!! I know they do not accept cash for mutual funds, I have their naira mutual funds. I deposited usd cash in my own Dom acc to transfer to their Dollar fund but they refused.

[quote author=tunene66 post=87024943][/quote]
This is the challenge I am facing right now. I deposited used cash in my dorm with Stanbic intending to transfer it to their dollar mutual fund, they have insisted that they are not accepting cash deposits. I showed them this circular all to no avail.

X21:





findings from my discussion with stock broking firm reveals some special features of this bond offer
interest will not be paid in the next 24 months (moratorium period)
principal will be amortised and paid over 8 years along with interest
no lumpsum payment of principal at maturity

Thanks for this!!

ahiboilandgas:
one senior lawyer was using some part before.....

Yes. Aelex law firm is still occupying the premises.

Donbrig:
The new West Africa Currency (ECO), is one area we should also look into, whatever decision FG takes will affect us all one way or another. Now that all the CFA countries have finally subscribed to ECO, CBN should do everything to counter the influence of on the future currency. Nigeria should embrace ECO, because having other Ecowas countries use ECO without Nigeria will send Naira into automatic extinction. Naira should not be allowed to die automatic death by pressure from ECO, as this will cost us more as the economic giant of Africa. Only Togo has all the necessary requirements to embrace ECO. Weeks and months to come, Nigeria should use every trick in the book to boost our national reserve and ensure a stabilized naira before embracing ECO, this will give Nigeria more advantages with ECO.

Althoug Nigeria will no longer have monetary powers to dictate the exchange rate and stability of ECO, but Nigeria will definitely have lots of other advantages with the new West African currency, but firstly, we have to do our economic homework before making any decision about ECO.

The currency has been hijacked by and its former colonies ...

I read from some eariler posts that FBN Eurobond does not guarantee capital preservation. If so, that is a big no no ......

pluto09:



What actually did puchercos do for WAPCO?
What was WAPCO price when he took over What is the price now
How profitable was WAPCO then and what is the situation now

You hit the nail on the head!!!

RabbiDoracle:


After the IPO, price shot up to 150+

People called it manipulation. That the holders are hoarding and that was why price went high after IPO.

Oya nauw, see the price.

Not IPO. They listed by introduction.

OgogoroFreak:
we are here in Nigeria. This your insurance is almost completely out cos this is Nigeria. Now, my solar has been working for 5yrs now, I have never replaced the batteries or work on anything. It's actually far cheaper than burning diesel. I spend just 20k monthly on internet in my house. Honestly, anyway I try to look at it, 1.2m monthly expenses is still high.

Name of Solar please. Diesel quite expensive.

ukay2:


My oga FGN Bonds do not in any where seem to be any legal 419 investment.
Rather it's your lack of understanding that is confusing you.
I have tried severally to explain to you .....but am sorry u still did not understand bond market calculation.

Maybe just try and invest 10k in 3 year bond and hold till maturity it will become clear to you.

I have FGN Bonds that have matured and still maturing in FEB 2020, APRIL 2037.
I have never loose my capital......rather keep getting the coupon payments at the said payment date.

Just hold till maturity....no capital will be loss or sell below the bond offer price before maturity and still make more money from it.
You will only loose some part of your capital when you sell before maturity at offer price above what you initially bought the bond.

Am talking from a practical point as bond investor that has hold till maturity.


Example

I have 12k to buy fgn bond for April 2037 at 16% coupon payments till maturity and I bought the bond for 12% from secondary market. That my 12k may bought me 10k what of the FGN bond since am buying it at 12% instead of the 16%.....meaning the person I bought it from has made 2k from me since his selling at a lower percentage which is 12% if he bought it at 16% from FGN from primary market. .....which I told you earlier that most bonds at primary market are not even sell at that 16% rather below that percentage.

Then I will be getting 16% of 10k bond for 17 years from FGN ...which is N1,600 every year for 17 years which is maturity date ......the FGN will be paying me N800 every 6 months till maturity.


For me after 3 coupon payments. ...which is N2,400....I have recovered the 2k I used to overpay for the bond

So the remaining N1, 600 x 15 years are my gain I hold till maturity (which is N24,000) and at maturity, my 10k I used to buy the bond will be repaid to my so I have 24k+10k=34k in total.

If I start re-investing every coupon I get to buy the same 17year bond....my coupon payments will keep on increasing. ....you know compound interest.....you can calculate it yourself and know what that compound interest will be ...

If I even want to sell that FGN Bonds 2037 like by 2025 at 9%(below my purchase price of 12%), I will make more money from it because the person buying it from me will pay more to buy that remains bond from me..

If I decide to resale it by 2025 at 15% (above my purchase price of 12%), I will loose some funds from my initial capital.

But for me....like in my NTB investment. ...I hold all till maturity

Don't forget that the only charge your bank will get to help you purchase the bond like the NTB purchase too is (like my bank. ..stanbic. ...N300 for custodian fee + 0.05% of the nominal value of the bond like the example I gave 10k x the number of years of the bond.

I will advise people to buy the FGN Bonds via banks that will charge you 0.05% of your nominal value of the bond. ...because some investment houses charge as high as 0.5 or 1% which maybe too high


I just hope this explanation make sense to you and others so that the issue of bond calculation will be put to rest in this forum.


As NTB interest is low now and many NTB investor are looking for alternative investments, some investment houses or banks or people may even confuse you the more.

Thanks a lot!!!!! But is it possible to ever get at par and how can we quickly know when this is available.

isangjohnson:
Please my brother needs an advice.
He bought three bedroom apartments from Federal Mortgage Bank of Nigeria at 9.2m. Ten percent equity of #920,000 paid and offer letter given. The balance of the money is to be deducted from his salary starting from January next year. He has twenty years left in the service. Amount to be deducted is yet unknown to him. He is planning to deposit 4m with FMBN to reduce the balance as well as the amount to be deducted.
He was equally thinking of suspending the plan especially now that he's yet to know the amount that will be deducted and rather invest the cash in Tb.
From my calculations using Mortgage Calculator, 20yrs tenor will be 14.2m @ #711,840 a year while 15yrs tenor will be 12.5m @ #838,452 a year to complete the payment.
The question is, dropping 4m with FMBN to reduce the balance of what will be deducted and investing the same amount in Tb, which one pays more?

Please how does one purchase from Federal Mortgage Bank?

bendo75:


Hello brother, I really appreciate you a lot. I did not know anything about NTB until I found this sub. Before then, I was just doing fixed deposit. Like I said earlier no need to reveal anything here but I want you to know that financially you have liberated so many folks with this sub myself included. That’s why I want us to keep your spirit alive here for our younger generation.

Again few years ago you mentioned crypto currency on this sub some of us dismissed you and called crypto a scam. You were not going to give up because you actually started a thread on Bitcoin. I followed you and started buying BTC, ETH and few other alts. I use Binance and Coinbase but I store them in hard wallets. I have seen the lows and the highs of crypto. I am a hodlor but when BTC or ETH pamps, I sell and put the gain into NTB.

Thank you again for spreading your knowledge and for empowering so many of us. In 2012 you had a vision to financially empower young Nigerians and I can say you have succeeded. English philosopher Francis Bacon said ‘Knowledge is power’. In appreciation and in your honor , I would like to make a small donation in ETH to a charity that you . I would appreciate if send me your ETH addresss. God bless.

My bitcoins are stuck with usi-tech, any idea how to get them back ....? Thank you.

Mizwisdom:


No, I didn't ask for it to be credited to my . I don't know what went wrong with my GIF or if something is actually wrong but I'm considering MMF now. See the email below



Dear Investor
We would like to inform you that a dividend of N5.00 (five naira) has been declared on the Stanbic IBTC Guaranteed Investment Fund (“SIGIF”) for the 2018 financial year.
In accordance with your dividend payment mandate, your dividend would be credited to your bank or reinvested into your investment in the SIGIF by close of business on Monday, 29 April 2019. Kindly the Registrar to the fund using the details below if your dividend is not credited to your bank on the payment date;
First Registrars & Investor Services Limited

The above does not mean you will get N5. It mean you will get N5 x the number of units your investment was able to procure. In addition, please note that this is dividend which is different from interest which should have accrued on your investment over the relevant period of time.

GonFreecss1:
It's good to be back. I was banned for a while, it's unfortunate there was no need to insult anyone just because of an online difference in opinion, it is far better to lose an argument online than to lose money in real life. This is what many fail or forget to understand, with that said I never came in here to prove any point to anyone or make people uncomfortable, I was just giving advice so people can learn more.

Some even went as far as making assumptions on what I said and what I did not. Someone even claimed to study Economics in unilag just to make a point, to some it will be funny, but it scared me that people always forget what money is all about, the financial markets don't care about your school, your course or how many degrees you have, even experience sometimes count for nothing as people have short term memories, but what never changes is human behavior.

What I will do is go on to reply someone who quoted me, I tried to reply him but I was blocked. Then I will go on to drop final key points. I hope this all benefits everyone.

Thanks for sharing your knowledge. I benefitted immensely from same.

Hi all,

Let's all learn from each other. This is one of the liveliest discussion that has been on the thread for some time. I dont think the topic and investing in tbs are mutually exclusive. We all have Tbill investments and are only talking about diversification.

I don't think any of the contributors intend to stop investing in tbills altogether or are advising pips to do so.

We can monitor the rates as we have been doing and also engage in stimulating conversations we can all learn from.

No need for insults, this has been the one of the most civilized forum in Nairaland. Let's keep it that way.

hias2012:


Good analogy. Good to diversify,and well done folks. But what none has hinted is at what "time" one converts his/her dollars to Naira in order to make profit. In 2016 when the exchange rate skyrocketed was partly because of scarcity of dollars. Banks put a cap on how much dollars you could spend off your dorm whilst abroad. For the most part, withdrawing in Nigeria wasn't even as easy as the banks cried they didn't have dollars to issue out. I guess this was the case whether you wanted to buy off the counter or withdraw from your dorm . Hence the black market rate headed far North. And this is the reason people matained warehouses and Ikoyi flats as their dorm for easy access.When we analyse it's good we highlight the pros and cons. The reason majority invest in TB is because they are sure of their rates, interest and capital and the "time". If you stack your dorm , which is good, but who says or knows when exchange rate would go again far up and juicy enough at which point you decide to sell? This is not known by anyone. We've probably had like the 2016 experience twice since 1999 or thereabout. Many people died while waiting.

That said the second issue is that everybody is not the same. Some are more risk adverse than others. Some would dare the risk with the hopes of higher returns, and we know that only a percentage of this actually make their money - make it big while others lose evrything or die due to hypertension. But those who like it small, and are careful investing in zero-risk ventures are free from the above hassles, they ALL make their money albeith surely and steadily.

The third is that it is not TB rate that determines inflation rate but the reverse. Hence the fluctuation. So those praying for higher TB rate should know. Higher inflation, higher TB rate and we actually don't pray for this. We pray intlation rates keep going down. So if you have money and you don't know the sure profitable business or venture to invest in, keep investing in TB. However, make sure you don't eat all the interest, make sure part of it is reinvested otherwise with rising inflation the actual worth of your money is reducing over time if you EAT all the interest.

So far all the analysis make a good read for me, and this forum has to be lively to educate and as well to thrill.

Fantastic analogy. I quite well in 2016, people couldn't withdraw from their dorm s..... Don't know about dollar fund sha, if investors could withdraw then? Irrespective of the challenges, currency diversification appears to be key.

[quote author=zamirikpo post=72923700][/quote] May not be the best time to bank with diamond o....

Bravedude112:
13.5% standard chartered bank (primary market)

Not bad o, but to open an with standchart also...

4601CE:

Haha . Lol .
When you enter Nairaland front page .
You’ll see “Properties” in the list of sections .

Thanks...

4601CE:

Iffahear
Is it not the same NL1960 I sabi in the property section.

Please can you share the link to the property thread. Thanks

awesomeJ:

Sure.
The probability of buying a bond at its face value is the same as the probability of buying secondary market T-bills at their original discount rates( not so likely)

But secondary market bond purchases don't always happen at prices. Look at the snapshot on the previous page of the past auction's result, the 12.75% FGN APR 2023 bonds were sold at a discount (yield at 13.5%). However, the two other bonds were sold at mild s.

Good point...., thanks.

Hi all, I tried to make this point on the tb thread, my thinking and (one time experience) is that unless a bond is just being issued for the first time, one may not be able to obtain it at face value. Any rollover issue of the bond or obtaining at secondary market (stock exchange) is usually at a (might not always be the case though).I will still wait to learn from all your findings.

ImperialCovfefe:


Bro,

Have you actually purchased an FGN (not savings) bond recently (after April 2017)?

Hi could you enlighten further on bonds? There was a period I wanted to buy through the bank and was told that the bonds are being sold at a not at a discount like tb. I.e if I have N1 million, I cannot buy 1 million bonds, can only buy 800k or less etc. Is this a general rule about all bonds ....

Gavrelino123:

You mean for 364 days..?

Yes

Stanbic was sucessful pips

Ugosample:


but at least you are not experiencing capital erosion right?


I might just try my luck there with N100K for starters

Yes of course, there is capital erosion. No capital appreciation yet and the bid/offer price which determine the value of your portfolio fluctuates each day. I have a stop loss target even though I want to go in for long term.

dyonpoint:


Seriously waiting for it myself. My money got deducted nd I have not receive alert from Stanbic yet. If I do not receive any notification by tomorrow, then I will visit them shapily to avoid story that touch.

Yes o