NewStats: 3,261,250 , 8,173,509 topics. Date: Wednesday, 28 May 2025 at 04:41 PM 5a4n4s

Alaska90:



Hello unite4real,

Please how and when can I buy FG bond directly ?

I just got my TB money back today and I would like to invest it in bonds or something else with better rate than TB as long as my Principal is guaranteed

Thanks

The following are Primary Dealers Market Makers.
Access Bank Plc. First Bank of Nigeria Ltd. Standard Chartered Bank Nigeria Ltd.
Citibank Nigeria Ltd. First City Monument Bank Plc. United Bank for Africa Plc.
Coronation Merchant Bank Ltd. FSDH Merchant Bank Ltd. Zenith Bank Plc.
Ecobank Nigeria Ltd. Guaranty Trust Bank Plc.
FBNQuest Merchant Bank Ltd. Stanbic IBTC Bank Plc

Any of the above banks can help u sharp sharp with your 50M. You are operating on the top echelon so just walk into any of them.if u have s with them but I will advise Stanbic IBTC

.

unite4real:


The following are Primary Dealers Market Makers.
Access Bank Plc. First Bank of Nigeria Ltd. Standard Chartered Bank Nigeria Ltd.
Citibank Nigeria Ltd. First City Monument Bank Plc. United Bank for Africa Plc.
Coronation Merchant Bank Ltd. FSDH Merchant Bank Ltd. Zenith Bank Plc.
Ecobank Nigeria Ltd. Guaranty Trust Bank Plc.
FBNQuest Merchant Bank Ltd. Stanbic IBTC Bank Plc

Any of the above banks can help u sharp sharp with your 50M. You are operating on the top echelon so just walk into any of them.if u have s with them but I will advise Stanbic IBTC

ok thanks

But why Stanbic IBTC?.....I have the money with the FBN

And please do you have the time table for the FG bonds ( the date for the next )

.

Alaska90:


ok thanks

But why Stanbic IBTC?.....I have the money with the FBN

And please do you have the time table for the FG bonds ( the date for the next )

FBN is also ok. I only recommended Stanbic IBTC because they have guys that understand such investments without tossing you about.

Find Q2 calendar attached

Manwarrior55:


Why always stanbic IBTC what differentiates them from other regular banks

I’m asking this humbly as I have always heard many financial advisors advise me to open stanbic IBTC bank

They are a one stop bank. There is a high likelihood that the first person u meet at the customer service understands your investments request or enquiry without tossing you around.

On negotiation of bids, they are also at the fore front

unite4real:


They are a one stop bank. There is a high likelihood that the first person u meet at the customer service understands your investments request or enquiry without tossing you around.

On negotiation of bids, they are also at the fore front

Please educate me on how you calculated the difference of 5.1M to be paid following the low yield and time to maturity. This is for a 55M 12.75% bond maturing in April 2023 having a yield of 8.44%,
Many thanks

Lock in the funds into an Investment as soon as possible, with the current devaluation, this amount has lost N10.5 million in value.

Akin3891:


I'm investing 55 m, with this how much will I get per year. Thanks.

unite4real:


The following are Primary Dealers Market Makers.
Access Bank Plc. First Bank of Nigeria Ltd. Standard Chartered Bank Nigeria Ltd.
Citibank Nigeria Ltd. First City Monument Bank Plc. United Bank for Africa Plc.
Coronation Merchant Bank Ltd. FSDH Merchant Bank Ltd. Zenith Bank Plc.
Ecobank Nigeria Ltd. Guaranty Trust Bank Plc.
FBNQuest Merchant Bank Ltd. Stanbic IBTC Bank Plc

Any of the above banks can help u sharp sharp with your 50M. You are operating on the top echelon so just walk into any of them.if u have s with them but I will advise Stanbic IBTC

what's the minimum amount one can u use to invest in a bond... can one invest let's say a Million Naira ?

abraolas1:



what's the minimum amount one can u use to invest in a bond... can one invest let's say a Million Naira ?

50m but saving bonds take 5k, you can invest less in the secondary market

Barrytone:


50m but saving bonds take 5k, you can invest less in the secondary market

how can I go about this..... any help will be appreciated

thanks

Cc:emmanuelwunmi

abraolas1:


how can I go about this..... any help will be appreciated

thanks

Cc:emmanuelwunmi

Visit a licensed stockbroker who has been accredited to deal on savings bond. U need to have a cscs .

unite4real:


Visit a licensed stockbroker who has been accredited to deal on savings bond. U need to have a cscs .

Is Meristem ok?

Opzyyy:


Is Meristem ok?

YES sir

unite4real:


You are buying the bond at . For a 55M 12.75% bond maturing in April 2023 having a yield of 8.44%,

You will be paying about 60.1M to get this bond at 55M. The difference of 5.1M is the price to pay following the low yield and time to maturity and consideration that a coupon was just paid last month and having just 6 coupons left

Your coupon payment will be on the 55M and that's about 3.5M every 6 months.

Your principal upon maturity is 55M. Next coupon is in October

Thanks a million, you've done well for breaking this math for me. How do you come about the 5m fee on the 50m investment? And do you think this (fbnquest) rate makes sense, or is there a chance to get a better rate with stanbic? Also, is it possible to get less than 3yrs tenure from stanbic? It's my first time with fgn bond, merci

emmanuelewumi:



N2.35 million every 6 months. Total of N4.7 million in a year

Thanks bro

Akin3891:


Thanks bro

Sorry my calculation is wrong, you should get something higher.

Bond is a bit tricky, your stockbroker will give you the exact figure

Akin3891:


Thanks a million, you've done well for breaking this math for me. How do you come about the 5m fee on the 50m investment? And do you think this (fbnquest) rate makes sense, or is there a chance to get a better rate with stanbic? Also, is it possible to get less than 3yrs tenure from stanbic? It's my first time with fgn bond, merci

emmanuelewumi is right about bond price being a tricky thing. It's kind of complex. What u got from me is kind of approximate but at the close of your deal during settlement, u get to see the exact figure. The 5m I mentioned is not a fee and it won't be treated as a separate entity. What happens is that you are buying a bond for 50M..the yield has dropped so the seller makes more money at your expense so you pay more for it. If the yield was higher than 12.75%, say like 15%, you will be paying like 47M for the 50M bond. In this case, your coupon payment will be calculated on 50M, your principal at maturity will be 50M as well.

The yield, time to mature, number of coupons left drive the price up and down. You hear stuffs like clean and dirty prices.

You can get any d bond with Stanbic IBTC. With 50M you can deal in the primary market, although most are presently reissued bonds. Only with a new bond you can get it as d.

I have always seem Stanbic to better fbn in bids. Lots of our on this thread can testify to this but if u have ur money in fbn, just go ahead difference cannot be too significant.

I hope I didn't leave any questions out.

emmaodet:


I will tutor you a bit here

Okay thanks. These are my questions.
According to your previous post, is it possible to receive moneygram in dollars in Ghana?
Secondly.. the sender from Nigeria, does that have to be you, or u have someonelse send it to you while you go pick it up
Thirdly, do you have to come back to Nigeria after every transaction, aren't there bdc operators at the ghana border?

kristien4:
Okay thanks. These are my questions.
According to your previous post, is it possible to receive moneygram in dollars from Ghana?
Secondly.. the sender from Ghana, does that have to be you, or u have someonelse send it to you
Thirdly, do you have to come back to Nigeria after every transaction, aren't there bdc operators at the ghana border?

No bank is going to send your dollars in dom s out of Nigeria in times like this.
How it is done is this;
-You take your naira and buy any stable(independent of oil) country's currency that has a direct exchange rate with Nigeria naira.
-You go to the country physically with that cash in hand,go to their black market for fx and purchase dollar,Euro or pounds.
-Carry that fx physically and return back to Nigeria and sell in Nigeria black market too and make what you can make in the name of profit.
Things you should know;
-Your life and money is in danger because if authorities catch you,either they kill you and take your bread or they take the case up and you go to jail,which will make you still lose your bread because that is when you will find out that you have to pay import duty on currency before you can move it in.
Also if robbers catch you too,then it is sorry for you.
-Also,it is a volume business because you will find out that the difference of purchase price of the dollar between these countries(Nigeria and country of purchase) is very small,so you have to hold good money in order to be profitable.Mostly $100k and above.
Also it is a very fluctuating business as rates change everyday so you might want to pick a country you can go to and return the same day so as to make projected profit instantly.You might gain or lose from fluctuations.
-)It is a very shady business too as they can sell you counterfeit fx,so you have to know your dollars or trust your sources.

Look men,it is not a business for the faint hearted but if you have made up your mind,carry on...

The countries that you can do this business in,I will not say.
It is left for you to use your brain
There is NO BANK involved,it is an all cash,BLACK MARKET transaction.Let no one fool you!!!

Philantropists:
Lock in the funds into an Investment as soon as possible, with the current devaluation, this amount has lost N10.5 million in value.

Who told you he has not invested in other assets and Investments?

kayc0:
Hi. I've followed some few posts of yours on here. Please I need to discuss something important with you, business related. Please let me know how I can reach you.

Okay bro...quote me on a dead thread so we can talk

kristien4:
Okay thanks. These are my questions.
According to your previous post, is it possible to receive moneygram in dollars in Ghana?
Secondly.. the sender from Nigeria, does that have to be you, or u have someonelse send it to you while you go pick it up
Thirdly, do you have to come back to Nigeria after every transaction, aren't there bdc operators at the ghana border?

No sir, you will receive it in ghana cedis but at their government exchange rate which is very good.
Sepending on what you fill on the form, if you want to be the beneficial and collect it, you can but if you have a trusted person their, he can withdraw it for you.
You will change the ghana cedis at the ghana bdc to dollars which is at a good rate and bring the dollars back to nigeria to convert to naira.
It's a bit stressful bro.
Not as easy as we are saying it on nairaland but if the money is a bit much, the stress is worth it.
Going regularly to accra is not easy.
See the attached pix for one i did then, just saw the receipt.

Theconglomerate:
No bank is going to send your dollars in dom s out of Nigeria in times like this.
How it is done is this;
-You take your naira and buy any stable(independent of oil) country's currency that has a direct exchange rate with Nigeria naira.
-You go to the country physically with that cash in hand,go to their black market for fx and purchase dollar,Euro or pounds.
-Carry that fx physically and return back to Nigeria and sell in Nigeria black market too and make what you can make in the name of profit.
Things you should know;
-Your life and money is in danger because if authorities catch you,either they kill you and take your bread or they take the case up and you go to jail,which will make you still lose your bread because that is when you will find out that you have to pay import duty on currency before you can move it in.
Also if robbers catch you too,then it is sorry for you.
-Also,it is a volume business because you will find out that the difference of purchase price of the dollar between these countries(Nigeria and country of purchase) is very small,so you have to hold good money in order to be profitable.Mostly $100k and above.
Also it is a very fluctuating business as rates change everyday so you might want to pick a country you can go to and return the same day so as to make projected profit instantly.You might gain or lose from fluctuations.
-)It is a very shady business too as they can sell you counterfeit fx,so you have to know your dollars or trust your sources.

Look men,it is not a business for the faint hearted but if you have made up your mind,carry on...

The countries that you can do this business in,I will not say.
It is left for you to use your brain
There is NO BANK involved,it is an all cash,BLACK MARKET transaction.Let no one fool you!!!

cc kristien4

Bro, you said no bank is involved but mine was.
You just need a banker that can be pushing more money for you because per is $1k per 3 months so the banker knows how he will be getting s for doing the transactions for you.
On $10k, you will make atleast 500k profit but it's kind of stressful jare

emmaodet:


cc kristien4

Bro, you said no bank is involved but mine was.
You just need a banker that can be pushing more money for you because per is $1k per 3 months so the banker knows how he will be getting s for doing the transactions for you.
On $10k, you will make atleast 500k profit but it's kind of stressful jare

The window for western union was very small at the time too.How did you do it?
As at 2015/2016,you could only access western union portal from 8am to 8;05am in the morning with plenty network issues and a limitation of $1k transaction/quarter for each .
So you will have to get 10 different s to move $10k weight over a window of 5 minutes daily with all sorts of network limitations that might end up taking 1 month to move and you call that arbitrage?
Also you can't move dollars at the time via WU to Gh from a dorm na,you would have to purchase cedi with your naira via WU and use the cedi to purchase the dollar in Ghana na.
Not that it was stressful but I think the method was impractical.
If you want to do arbitrage or round tripping,get ready to carry cash and a whole lot of it..

[quote author=unite4real post=89550740]

FBN is also ok. I only recommended Stanbic IBTC because they have guys that understand such investments without tossing you about.

Correct!

Hmm no wa ooo.

emmaodet:


No sir, you will receive it in ghana cedis but at their government exchange rate which is very good.
Sepending on what you fill on the form, if you want to be the beneficial and collect it, you can but if you have a trusted person their, he can withdraw it for you.
You will change the ghana cedis at the ghana bdc to dollars which is at a good rate and bring the dollars back to nigeria to convert to naira.
It's a bit stressful bro.
Not as easy as we are saying it on nairaland but if the money is a bit much, the stress is worth it.
Going regularly to accra is not easy.
See the attached pix for one i did then, just saw the receipt.

ahiboilandgas:
Bonds are kinda sold in units with each unit having a face value.
so if you buy a 15% APR 2023 FGN bond with 10m at its original price, you'd be having 100,000 units of the bond, and since the coupon is 15%, your annual interest would be 1.5m

Now when you buy at the secondary market, you often don't buy at the original unit price. You may get to buy at say N90 per unit, which implies that you'd only be paying 9m to get thesame 100,000 units.

But at the end of the year, both you who bought at 9m and the other person that bought at 10m, you'd each get 1.5m as interest, because you hold the same number of units. But while his own yield is 15%(1.5m on 10m input), yours is 16.67%(1.5m on 9m input)

So coupon rate indicates the rate at which interest is paid on a bond based on its face value, while yield indicates the actual rate of returns to an investor.

The coupon rate is always indicated in the name of most bonds, and it doesn't change throughout the lifetime of the bond.

Only changes in purchase prices bring about changes in yields to bond investors.

Please, does the emboldened suggest that it's better to buy from secondary market?

Why would the yield for 9m be at 16.67? and that of 10m at 15%?


cc
wura2u
emmanuelewumi

https://www.vanguardngr.com/2020/05/pfas-slash-investment-in-tbs-by-30/

[img][/img]

emmaodet:


No sir, you will receive it in ghana cedis but at their government exchange rate which is very good.
Sepending on what you fill on the form, if you want to be the beneficial and collect it, you can but if you have a trusted person their, he can withdraw it for you.
You will change the ghana cedis at the ghana bdc to dollars which is at a good rate and bring the dollars back to nigeria to convert to naira.
It's a bit stressful bro.
Not as easy as we are saying it on nairaland but if the money is a bit much, the stress is worth it.
Going regularly to accra is not easy.
See the attached pix for one i did then, just saw the receipt.

You send about 215k naira for 2,156 cedis. That’s 2156 cedis is about $370 aprox 162k in naira, there is about 52k loss?? Where’s the gain ??

Burchester:
[img][/img]

You send about 215k naira for 2,156 cedis. That’s 2156 cedis is about $370 aprox 162k in naira, there is about 52k loss?? Where’s the gain ??

This was done in 2016 now, do i need to post date so as to trace me?
From that transaction, i made 35/40k profit but i did about $3k that week which gave about 150k after all expenses.