NewStats: 3,261,917 , 8,175,547 topics. Date: Saturday, 31 May 2025 at 03:05 AM 2u1f10

TotoNaRubber:

I just got off the phone with someone who works in the DMO (Debt management office). He said the Fédéral government is struggling to pay workers and local debt may be delayed or a default is possible.

So brace yourselves for the worst.

Just got this mail from my stockbroker

Dear Sir,

Thank you for your email.

We sincerely apologize for the delay in the payment of your coupon.

We have received the below from CSCS this morning with regards to the payment.
We are having issues with the confirmation of funds for all coupon payments from the CBN.

Hopefully, this will be resolved today.


Thank you.

TotoNaRubber:

I just got off the phone with someone who works in the DMO (Debt management office). He said the Fédéral government is struggling to pay workers and local debt may be delayed or a default is possible.

So brace yourselves for the worst.

What do you think will be the worst scenario?

Secondly, Is it advisable not to participate in the treasury bills for now?

TotoNaRubber:

I just got off the phone with someone who works in the DMO (Debt management office). He said the Fédéral government is struggling to pay workers and local debt may be delayed or a default is possible.

So brace yourselves for the worst.

Haaa Oga Fear has come o, hope my money has not .......... o my life savings

youngestland:


Haaa Oga Fear has come o, hope my money has not .......... o my life savings

It's not conceivable to default on local currency denominated security. Relax.

It's probably a case of all forms of incompetence on the part of the stakeholders.

Norrenberger Dollar Fund

Hedge your naira against inflation and devaluation plus earn a return of 10.67% by investing in the Norrenberger Dollar fund.

Unique features:

Accepts naira deposit
Cash (dollar) deposit

Complete the attached form and get in touch.

emmasoft:

Norrenberger Dollar Fund

Hedge your naira against inflation and devaluation plus earn a return of 10.67% by investing in the Norrenberger Dollar fund.

Unique features:

Accepts naira deposit
Cash (dollar) deposit

Complete the attached form and get in touch.

1. Do I need domiciliary before investing in a dollar fund?

2. If no, how will I get the dollar if I want to redeem?

3. Can I fund it with US credit card or debit card?

Thank you

Onboard1:


1. Do I need a domiciliary before investing in a dollar fund?

2. If no, how will I get the dollar if I want to redeem?

3. Can I fund it with US credit card or debit card?

Thank you

1. Yes, you need it. The investment is a dollar-denominated mutual fund, so you need a domiciliary to receive your money (interest /capital) whenever you want to withdraw or get paid your dividends.

2. The answer is in No. 1

3. Funding can be done via wire transfer or cash deposit into our collection .
Only transfer or cash deposits of the USD are currently available to fund.

emmasoft:



1. Yes, you need it. The investment is a dollar-denominated mutual fund, so you need a domiciliary to receive your money (interest /capital) whenever you want to withdraw or get paid your dividends.

2. The answer is in No. 1

3. Funding can be done via wire transfer or cash deposit into our collection .
Only transfer or cash deposits of the USD are currently available to fund.

But boss

on your d post, you said accept naira deposit

How then does this conflict with your latest reply?

DAramis:


But boss

on your d post, you said accept naira deposit

How then does this conflict with your latest reply?

@DAramis, there is no conflict. Both posts are correct.
Just me when you are ready to invest in the fund.
Thank you.

The money don enter voicemail. Even if that was the case, they had at least 90 days to receiving s but still made mistake, what does that tell you ?
Imagine the millions of investors, the interest rate on N50b minimum multiplied by two weeks is already N14.5 million for the criminals

efismikoko:


Just got this mail from my stockbroker

Dear Sir,

Thank you for your email.

We sincerely apologize for the delay in the payment of your coupon.

We have received the below from CSCS this morning with regards to the payment.
We are having issues with the confirmation of funds for all coupon payments from the CBN.

Hopefully, this will be resolved today.


Thank you.

TotoNaRubber:
The money don enter voicemail. Even if that was the case, they had at least 90 days to receiving s but still made mistake, what does that tell you ?
Imagine the millions of investors, the interest rate on N50b minimum multiplied by two weeks is already N14.5 million for the criminals

There is ZERO chance of a default.
The delay is due to a glitch or someone's incompetence.

-Lord

LordAdam16:


There is ZERO chance of a default.
The delay is due to a glitch or someone's incompetence.

-Lord

Rather than default, they will print more money and pay since it is a local currency denominated investment.
Agreed, it will cause more inflation which I believe they are fearing.
Where the wahala dey is the dollar denominated investment since they will have to generate dollars by fire by force to pay that and that is a determinant of what the country generates as revenue unlike naira investment they can just go inside and print more papers to bail themselves out

emmaodet:


Rather than default, they will print more money and pay since it is a local currency denominated investment.
Agreed, it will cause more inflation which I believe they are fearing.
Where the wahala dey is the dollar denominated investment since they will have to generate dollars by fire by force to pay that and that is a determinant of what the country generates as revenue unlike naira investment they can just go inside and print more papers to bail themselves out

Guy, that is not how money printing works. Are you going to take your money in cash? Please go and study basic economics.

Oshokhai69:


Guy, that is not how money printing works. Are you going to take your money in cash? Please go and study basic economics.

Well, educate me bro.
We learn everyday

Hello, Is there any complain/delay on Treasury bill. I just want to know if I can go ahead and subscribe or I hold my money in peace.

emmasoft:


@DAramis, there is no conflict. Both posts are correct.
Just me when you are ready to invest in the fund.
Thank you.

I am ready to invest, but just wanted to be sure before reaching out.

If I have naira only, how can I go ahead to invest? Will I be charged black market rate for dollar-naira before investing?

Please If you could give more information on this, I will be grateful

DAramis:

I am ready to invest, but just wanted to be sure before reaching out.

If I have naira only, how can I go ahead to invest? Will I be charged black market rate for dollar-naira before investing?

Please If you could give more information on this, I will be grateful

The naira deposit is just to encourage those who find it difficult to get dollars for investment. This comes with some sacrifice - the company will give you a rate a little more than the black market and that rate will be real-time ie the day of the investment. Indirectly the investor is asking the company to source for dollars, hence you pay a little more.

However, the opening which comes first is free.

Like I said earlier, you can get in touch.

Blacklistwalker:
Hello, Is there any complain/delay on Treasury bill. I just want to know if I can go ahead and subscribe or I hold my money in peace.

Read up on what treasury bill investment is all about, it will help you make an informed investment decision.
An investor's mind is always at rest if he invests in what he knows and understands how it works.

manwomanok:
Good evening everyone

please when is the due date for 16.2884% FGN MARCH 2027 coupon payment

Thank you

@emmasoft, boss any idea on this please

Thanks

manwomanok:


@emmasoft, boss any idea on this please

Thanks

Same September delay too all coupon for September has not been paid

youngestland:


Same September delay too all coupon for September has not been paid

Thank you bro

https://nairametrics.com/2024/09/20/dmo-blames-system-issues-for-delay-in-coupon-payment-on-fgn-savings-bonds/

emmasoft:


The naira deposit is just to encourage those who find it difficult to get dollars for investment. This comes with some sacrifice - the company will give you a rate a little more than the black market and that rate will be real-time ie the day of the investment. Indirectly the investor is asking the company to source for dollars, hence you pay a little more.

However, the opening which comes first is free.

Like I said earlier, you can get in touch.

Okay
Clarified now

Oshokhai69:


Guy, that is not how money printing works. Are you going to take your money in cash? Please go and study basic economics.

That's how it works! The same way the US Federal Reserve prints USD, and the US national debt has amounted to over USD30 trillion.

June 12 FGNSB coupon finally paid.

I hope they bring to an end this late payment issue.

IYGEAL:
June 12 FGNSB coupon finally paid.

I hope they bring to an end this late payment issue.

Wow when was this paid please the one for 13th has not yet come o

IYGEAL:
June 12 FGNSB coupon finally paid.

I hope they bring to an end this late payment issue.

Yes but they are still some not yet paid..

I know of 3YR FGSB OFFER FOR SEPTEMBER 2021 which matured on the 15/09/2024. The last coupon was supposed to be paid on that day along with the principal but it wasn't. In fact only the principal was paid after like 3 days of maturity.


I heard last month payments were delayed too. So, something is definitely not right.

freeman67:


Yes but they are still some not yet paid..

I know of 3YR FGSB OFFER FOR SEPTEMBER 2021 which matured on the 15/09/2024. The last coupon was supposed to be paid on that day along with the principal but it wasn't. In fact only the principal was paid after like 3 days of maturity.

I heard last month payments were delayed too. So, something is definitely not right.

This is true cos mine has not yet come 3rd coupon payment
I think they only payed the June 2027 own but there are many more left to be paid

This is reminding me of NNPCs rain, lightning and thunderstorm causing fuel scarcity.

Trust DMOs system issues at your own risk. All lies.

Itsrm:
This is reminding me of NNPCs rain, lightning and thunderstorm causing fuel scarcity.

Trust DMOs system issues at your own risk. All lies.

So what should we believe? 😃. Since it's all naira. I believe it will get sorted out. Or else this will cause a lot of commotion.

IYGEAL:
June 12 FGNSB coupon finally paid.

I hope they bring to an end this late payment issue.

Paid too but it is like DMO paid only 1 set leaving other sets this is still a place of concern o

Please guys what is the worst that can happen cos I have made up my mind to give mandate to my broker to sell all 4 of my FGNSBs.

Nakedman:


So what should we believe? 😃. Since it's all naira. I believe it will get sorted out. Or else this will cause a lot of commotion.

This is what is still keeping calm cos it’s naira 😂
Pls let them pay me today o cos my fuel money don finish 🙏