Streetinvestor2:
My oga.pls is the primary market bidding for long time bond done monthly, quarterly or yearly. I mean the one you can only bid 50m and above directly for individual.

ojeysky:
Findings showed that as of December 2022, Elumelu’s Heirs Holdings owed UBA N13.442 billion. However, the firm’s debt to the bank rose to N41.823 billion by June 2023. This shows that Elumelu’s Heirs Holdings borrowed N28.381 billion from UBA between January and June 2023.

Interestingly, while the loans borrowed by Heirs Holdings from UBA rose by 211.137 per cent between January and June 2023, the interest rate remained the same. The bank’s half-year financial statement showed that the rate was static at 15 per cent.

Baba is really gaming his own game:
https://www.icirnigeria.org/how-elumelus-heirs-holdings-borrowed-n41-8bn-from-uba-at-far-lower-than-market-interest-rate/

emmanuelewumi:



Primary market is monthly.

But secondary market takes place every business day.

You don't need N50 million if you allow your bank or stockbroker to bid for you

Streetinvestor2:
If your broker or bank bid for you for amount less than 50m.will you still get the maximum primary rate offered by government or discounted rate which your bank or broker will offer you.Pls it is for 20yrs and above bonds I am asking about

megawealth01:
Is Unilever exiting Nigeria?

ebuka1997:


Royal Niger company, sorry Unilever can never leave Nigeria, those ones na agba. Even PZ sef.

Jerekre:
Pa Emma, please how do I go about adding the 10% withholding tax on my dividends to the tax receipt from my 8-4?

Jerekre:
Pa Emma, please how do I go about adding the 10% withholding tax on my dividends to the tax receipt from my 8-4?

sirrotex:
Withholding tax deducted on savings and investments is final. This means it is not seen as a tax credit

emmanuelewumi:


Please get in touch with a tax professional. Some of the registrars are asking for TIN ie Tax Identification Number, APR sent a mail to that effect last week

emmanuelewumi:
We are getting close to 18% for long dated bonds

emmanuelewumi:
We are getting close to 18% for long dated bonds

emmanuelewumi:
We are getting close to 18% for long dated bonds

OBAGADAFFI:


How is intrest paid on FGN BOND.
Annually or Biannually ?

edwardaigb:


Good Morning, Please which bank/company can I buy bond with? Want to reduce exposure to the stock market. thank you

Shalom428:
The rates are becoming more and more juicy. Risk-averse investors will start shifting base to fixed income market. It's an opportunity for long term stocks investors to start picking some fundamentally sound stocks at good prices. The smart ones will buy in tranches.

emmanuelewumi:



Twice in a year.

Some investors create a bond ladder, which gives them income every month.

January/ July

February/August

March/September

April/October

May/ November

June/December

emmanuelewumi:



If you can get stocks that can give you a guaranteed total return of over 18% compounded for the next 10 years and above

Kreos44:
GSK.... Scheme document says payout of N17.42 to be subjected to 10% WHT. Can I still sell and pay 2% broker charge?

dapix:

I love this arrangement, like monthly salary

Streetinvestor2:
WHT on the payment that doesn't look good.why WHT on the money when all the money to shareholders is not profit or dividend.
Pls share the scheme document

emmanuelewumi:



If you can get stocks that can give you a guaranteed total return of over 18% compounded for the next 10 years and above

emmanuelewumi:



I don't think there should be withholding tax on the payout, FGN needs money so anything can happen

Shalom428:
18% guaranteed is a good deal for any risk - averse person, especially if the fund is much. Only a very few companies on NSE will be able to beat that in terms of Dividend yields. UBA present dividends yield is 8.14% , maybe they will be more generous in days ahead , with payout ratio of 6.64%, there is still a big room for generosity but I doubt if they can beat 18%.

emmanuelewumi:



I buy through Stanbic IBTC Bank and Stanbic IBTC Stockbroker

emmanuelewumi:



I buy through Stanbic IBTC Bank and Stanbic IBTC Stockbroker

emmanuelewumi:



For the guaranteed total return, i was referring to the addiion of the dividend yield and the exoected earning growth in the next 10 years.


UBA at the current dividend yield of 8.14%, if the earnings will grow by an average of 10% for the next 10 years. The total return of UBA will be 18.14%

Streetinvestor2:
WHT on the payment that doesn't look good.why WHT on the money when all the money to shareholders is not profit or dividend.
Pls share the scheme document