NewStats: 3,259,674 , 8,170,674 topics. Date: Sunday, 25 May 2025 at 06:44 PM 59624f

Thankks for the update.
Is the Stanbic dollar fund one on the form?

Nigsrdumb:


Current rates 7.83% , holding period 180 days.

They pay interest daily, but it's extremely extremely difficult to put funds into it.

http://www.stanbicibtcassetmanagement.com/standimg/NigeriaAssetManagers/Documents/s/OPENINGINDIVIDUALS_T2019.pdf

Does anyone know how to go about EuroBonds purchase with Stanbic, the rates, tenure and subscription period?

Thanks in advance.

h

ok

If you have Naira and usd s in naija, all you need to do to find someone that can negotiate with a reliable bureau de change, you pay the bureau de change in naira, they credit you usd acc within 3 hours.

As for investing 50 milla in FGN bonds, it is a huge risk and better you split the money in halves, half in Eurobonds and half in FGN bonds, whatever happens with devaluation you are somewhat better off.

dake40:
_____

Alat has everything I'm looking for including converting naira to dollars, but the app doesn't seem to work properly, I saw lots of horrible reviews on the app store, including people complaining that they're unable to transfer money out of the .

It's a shame because most of this new investing apps have brilliant ideas but poor implementation.

For the fg bonds peeps , after thinking thoroughly about it, locking up 50 million for 5 years is a terrible Idea.

Even if you hedge, the returns after five years will be lower.

The reserves keep falling, at best if lucky we'll escape a devaluation this year but not sustainable for five years

I'm sticking with the eurobond, all I need is how to convert my naira to dollars online.

You were sent to work and you go dey touch woman, "With N1000 naira you would have found a hot olosho to Nyuo that is to Nyuoooo Jajaaaaa".

Now you don lose your job because of toto, you know say totonarubber.

ambassadorgozie:


according to her, nd which is true, i shouldnt hav gone close to her. dats why i apologized, i didnt text or apologize again

Kemi Adeoshun the mentally deranged finance minister instigated "Borrow borrow borrow" without repayment plan"

This one was upgraded and the guy selling spends 50 percent of the time since he bought this Range rover at the mechanic.

He is asking for N3.5
Do you have pics of the direct tokunbo you are selling?

sooperrescue:

4m if everything works. I have direct 012 for 8m toks

The new bond they mentioned at 12 percent could be based on coupon payment, by the time you take into all factors in bond, the actual interest rate hovers 9 to 10 percent except for primary market purchase i believe. Now that rates have dropped, investors are moving funds around looking for better alternatives, imagine yourself and friends who were enticed with TBills rate, there is a chain reaction of money movement for better alternatives. As you mentioned, it is good kill for the FGN to offer low interest rates but can they sustain the funds required to service maturing TBills debt at this rate over the next year? That is what we will look out for.

kryptem:

I also read about the new bond rate of 12%+. Could that be for real or it's at ?
On the the other hand, if the FGN have been able to be faithful with rate @ around 10-13% over the years, it is even easier for them now that the rates are halved. If the appetite for their present low rates drops, they possibly will raise it to encourage the desired subscription. Also, the investment of the funds over the years could generate sizable returns that could go a long way in subsequent repayments. So, defaulting is almost not in foresight unless the country is in a state of dissolution.
For the present low rate, the fed is actually making a kill; a very favourable moment for the FG.

Certainly fund managers have a bird's eye view when it come to investment, with the current Tbills rate, it won't be long before better alternatives take over. Hopefully Tbills patronage won't fall like fixed deposit investments.

emmanuelewumi:



People buying are not you and I, they are fund managers they are more concerned about the stability of their funds. They have funds in Treasury Bills, fixed deposit, bonds, real estate, stocks etc.

It is better to put funds that will be used to pay retirees in the next 4 months in Treasury Bills or fixed deposit.

By the second quarter of the year, they would have gotten an idea of the direction of the economy

They have channelled substantial amount of funds into the stock market in the last couple of weeks.

Hahaha you are right, Nigerian govt with it's usual voodoo economics, these investment portfolios are supposed to be invested in profitable Infrastructure development that will contribute to the economy but terribly the funds are used to build roads = Sukuk bond while the contractors embezzle the rest (It is not that bad to build good roads but then no repayment strategy other than keep rolling over the debt and increasing debt), the new bonds beings offered could be used for something similar or the gov't will just tag it any name they like provided it boosts investors confidence.

kunleweb:



I choose to stick with both sides of the divide but lean more towards TotoNaRubber comment. Oversubscription has always lead to abuse of resources, unless there's an abundance of mega projects which there are, but then the readiness to receive them. We discussed on these issues at length last year when we we're yapping about the dropping tbills rates. It doesn't makes complete sense to me if tbill rates are killed, but then we need more funds and head for more funds though, with crazily low returns. The government needs to be resolute about what it wants and channel incentives towards its objectives. In the current dilly dallying between the need for funds, lowering rates, seeking mega loans and trying to boost the economy, there's a clear lack of well defined structure and pathway towards any blueprint that's if any exists.


This is pure voodoo economics bro, kick and follow. Anywhere belle face

I was analyzing both sides of the coin, yes the government will find it easier to repay investors but overtime the number of investors will decline, Tbills have a cycle of 364 days so maybe the low rate may be sustainable if the demand for TBills at this present low rate continue, but if it declines sharply before the end the current 364 days cycle then investors with maturity TBills in this cycle will be affected. It is likely this may be sustainable due to the lifecycle of Tbills only last for 364 days, if it were bonds with longer term of 5, 10 to 30 years with sharp decrease in rates, we will all go into panic mode instantly.
Some bonds pay 14 percent coupon depending on where you buy.

ojesymsym:
Which storm?
I struggle to follow your logic here. Will government not find it easier to pay this lower rate compared to the 15% previous rates?
That people are still over subscribing suggest that people have not yet found a reliable alternative.
Also, I don't think bond will still be as high as 12%, government have seen that they can get low interest loans, they will pursue it to the end. I expect bonds to play around 8 to 9% for now, could be wrong though.

This Buffon called bururu

The amount is high o, in white too !
Someone wants to sell this one to me,
how much do you think it's worth pls.

sooperrescue:
Range Rover velar 2018 for sale. Bought this year. Owner is suddenly relocating. 30m

People are still over subscribing, look at the 91 days bills with over subscription of 10 times even at last stop rate of 3 percent.

I read today the Naija govt plans to raise N510 billion and issue a bond this January on a 5 year period at 12 percent, I believe that will be a better offer compared to these TBills 6 percent. On the contrary, a huge storm is coming, one way or the other the govt. may find it difficult with repayments, the Naija govt. spending is out of control, the economic solution for the ministers instigated by the former UK based Finance minster is to "Borrow borrow and borrow", by the time subscription reduces drastically for certain investment then the previous investors who are supposed to be paid with money from new investors need to start worrying about their money, it will then be a legal MMM.

Once an investment stops attracting new investors, then there is need to worry but for now there seem to be lots of investors chasing Tbills even at the low rates, let us keep our eyes open.

Jejebabaa:
Here you go guys

Wait for him to learn American accent so he can speak it to you, that will be your gain.

Op I hope you no drink Viagra while waiting.

Here is the Link

https://www.gofundme.com/f/help-samson-siasia-clear-his-name-at-fifa

So it's not First Bank Nigeria that owns it?

emmanuelewumi:


It is one of the biggest Merchant Banks in Nigeria . I have my money market funds with them and FBN Asset Management a subsidiary of FBN Merchant Bank

Wow House at 220k per annum, i pay over N300k per month where i live.

Is there really secure houses at N220k per year with constant electricity like you mentioned.

Steph21:
Are you looking for a house in Ota, Iyana-Iyesi road... A 2bed room flat going for 220# per annum. Nepa Estate, constant power supply and quietness. Call 08039443726

how many litre engine?

Oluoxide2:
Deal Alert

This Pontiac Torrent was just shipped in and

landed some days ago, it is fully functional and

working perfectly, with nothing to fix, Ac chilling and

document are complete and intact, just buy and start using.

Location : Ibadan

: 07066995948

Price: 2.1m (Negotiable)

how many litre engine?

Testimony 1; I am alive and well ---- very thankful
2. Worst year of my life....

Give me da naked girl control.....

Desmond Idiot

haha it may be better you leave them to their foreign investor thing, when they want to wipe debt, they usually go for foreign debts.

Just2endowed2:


Local man is not happy. See sweet juice rate but that Emefiele is preventing us from tapping.

Well, after a year, we will see how liquid the omo is. I know cbn can't sustain the liquidity for long.

But seriously how can one tap into this as a foreign investor? What are the requirements before one can buy as a foreign investor?

How guys father a child and will not be there to cater for the daily needs of the child still amazes me. I guess it is due to;
1. Not accepting the pregnancy in the first place.
2. Not being there when the child was born.
3. Lack of resources