emmanuelewumi:



Stanbic IBTC and First Bank are about the best, when it comes to Investments eg Treasury Bills, corporate bonds, FG bonds etc.


Na Ogogorofreak cause the digression oooo

Firsthand for TB?. FBN and Access are at the same level for TB. For TB, GTB and stanbic are doing great

Chikebrain:


Firsthand for TB?. FBN and Access are at the same level for TB. For TB, GTB and stanbic are doing great

Pls house kindly let me know if the attached bond is still available. Also I want to know the different between this bond and sukuk or treasury bills. Am into sukuk nd treasury bill nd will like to try my hands on this bond if it's still available because of the rate. Kindly advise me.

All FGN bonds are always available to sell or purchase on the secondary market. Approach your bank or broker for current prices.

Akerewe:

Pls house kindly let me know if the attached bond is still available. Also I want to know the different between this bond and sukuk or treasury bills. Am into sukuk nd treasury bill nd will like to try my hands on this bond if it's still available because of the rate. Kindly advise me.

skydiver01:
All FGN bonds are always available to sell or purchase on the secondary market. Approach your bank or broker for current prices.

thanks for your swift response. Pls any difference between sukuk, treasury bill & fgn bond?

They are all Federal Government debt instruments with varying tenors. Sukuk is I believe is currently up to 7 yrs, Treasury bill up to 1 yr and FGN bond up to 30 yrs.

Akerewe:
thanks for your swift response. Pls any difference between sukuk, treasury bill & fgn bond?

skydiver01:
They are all Federal Government debt instruments with varying tenors. Sukuk is I believe is currently up to 7 yrs, Treasury bill up to 1 yr and FGN bond up to 30 yrs.

I will work on it asap. I have account with stanbic nd I bought d sukuk 7 years from them do I still need to call them or I should just fund my account nd send them instructions?
Thanks a lot

freeman67:


Considering general TB rates at the moment, the 5% Access gave you for 182 days seem to be fair. The last primary market auction successful rate for that tenure was 3.5.

Yes having 50 mil qualifies you to bid by yourself. If you can project/time it very and your bid is successful you will be glad you did. However, if it is unsuccessful then you will have to wait for a fortnight there by wasting time without any guarantee that you bid will successful.

For me, I use banks mostly. The banks I use mostly before now was FBN and Stanbic IBTC. However, I do not know what is happening with them of recent. While firstbank seldom accept requests these days, Stanbic IBTC will always accept but will only inform you that their bid was unsuccessful a week after the auction. I am thinking of porting soon to another bank.

As for buying from the secondary market, you can check sterling Bank and union bank to see their rates. If what's on their I-invest and M36 app is something to go by the rates there are not too bad with the current TB situation.

Tnx

freeman67:


I just pray it goes well with them... I filled forms for the last two auction consecutively with them but non succeeded. The first was done on the Monday of the auction week and the second was on the last Friday before the auction week but I was told both times that their bids were not successful.

What rates were they submitting?

It is well. Return of my money is more important than returns on my money.


Better to earn 5% from Treasury Bills than 18% from these unregulated and uninsured Investments

LagosInter:


What rates were they submitting?

I was not told.

Wonderful

Enjoy

OgogoroFreak:
Wonderful

@Ahiboilandgas Good evening sir, sent a mail to you since 3days kindly help and see to it.

emmanuelewumi:
It is well. Return of my money is more important than returns on my money.


Better to earn 5% from Treasury Bills than 18% from these unregulated and uninsured Investments

Lol. Story don dey enter.

Them say na delayed not denied. Lmao!!

OgogoroFreak:
Yes, it will always do better in the long run but how would you be paying your bills in that long run? That is why I mentioned common sense.

Even while you invest, it's a good idea to still have cash ready or access to cash to grab certain opportunities when they come.

I recently bought a really cheap property at distress sale. Two plots of land with uncompleted building on it. I almost lost out on the deal even with my ready cash. Imagine if I didn't have cash or waiting to liquidate an investment?

I will be building an olosho/ashawo joint there(heard the girls pay as high as 5k per day for a room) where people can come relax, drink and carry olosho. This is why I have been spending more time reading posts in the bear palour olosho thread. Just to understand my would be customers.

There are other business you can do not setting up a brothel

helpyom:
@Ahiboilandgas Good evening sir, sent a mail to you since 3days kindly help and see to it.

The lives of t*rrorists are ephemeral.

His 3 days' absence means he may have been k*lled in active service.

If not for the good works of @Lazyyouth, we wouldn't have known he's(?was) a j*hadist.

ChybuzzDD:


The lives of t*rrorists are ephemeral.

His 3 days' absence means he may have been k*lled in active service.

If not for the good works of @Lazyyouth, we wouldn't have known he's(?was) a j*hadist.

Dude

Haba!!!!!

The only idea coming to my head is getting a debit card for the domiciliary account, then use the debit card to buy stable crypto on exchange. Sell off the crypto some time and withdraw the dollar to Dom account as inflow.

This should also work for platforms like Bamboo and trove. In this case one will buy US stocks after crediting Trove/Bamboo account with the debit card

Two things I'm am unsure of about this is
1. If it is possible to use debit card linked to Dom account to buy crypto in Nigeria, considering most transaction is priced in dollar but transacted in naira.
2. If it is possible to withdraw dollar directly to Dom account from an exchange like binance.

Let the crypt experts please help us clarify

XiaoLi:
There are barriers to it, ..there is limit to how much you can deposit in your dom account, if you change millions of naira to USD then depositing the USD to your dom account is where the barrier comes in..this law started this year i think because i was able to convert and deposit a lump sum to my dom account last year February.

The only way you can withdraw this money in naira and get it deposited in your dom account is by illegal means.

At the bolded why not share it here for others to learn if it is legal.

OgogoroFreak:
Lol. Story don dey enter.

Them say na delayed not denied. Lmao!!

A journey of a thousand mile starts with a step. So a journey of a 'denied' starts with 'delayed'.

pizapato:
The only idea coming to my head is getting a debit card for the domiciliary account, then use the debit card to buy stable crypto on exchange. Sell off the crypto some time and withdraw the dollar to Dom account as inflow.

This should also work for platforms like Bamboo and trove. In this case one will buy US stocks after crediting Trove/Bamboo account with the debit card

Two things I'm am unsure of about this is
1. If it is possible to use debit card linked to Dom account to buy crypto in Nigeria, considering most transaction is priced in dollar but transacted in naira.
2. If it is possible to withdraw dollar directly to Dom account from an exchange like binance.

Let the crypt experts please help us clarify

For Binance,
1. It is not possible. Because CBN banned Nigerian banks from facilitating any transaction that involves crypto, so it doesn't matter if you are planning to use a naira or USD card, it won't pull through and your funds may be trapped, depending on which bank it is.

2. It is not possible. The only possible way you can do crypto right now is via P2P and only instant transfer payment methods are usually allowed.

With Bamboo, Trove e.t.c.
1. It's possible. But please check with your bank o. I heard Nigerian banks have card limits even on dorm accounts. That's some pathetic shit. Also the charges on these platforms are crazy at about 3.8%

2. It's possible also. But Bamboo charges $45 to get USD withdrawn to your dom account.

Don't you think if 1 was possible, Nigeria go don wreck by now .

Because if banks did not reduce card limits to $100 per month and if crypto was not banned. It would have been possible to buy crypto with your naira card at 480 and then sell USDT at 504, because USDT is more valuable than the USD in your Nigerian dorm, people are willing to pay more for USDT.

I know that reducing card limit, banning crypto and creating restrictions around dorm accounts hasn't helped the naira sha, and that's because the main guys at the top are round tripping huge volumes. Yesterday there was a caught, AGF Malami posted a screenshot of his phone that he has deactivated Twitter, only for him to expose himself that he is trading crypto.

Let's say AGF is getting dollars at official rate of like 420, do you know how much gain that is, if he is selling USDT at 504? And una want make naira strong with all these multiple exchange rates. I laugh in Swahili . Even Osibanjo has a Nexo account, so na only the middle class them wan frustrate.

Tobex4realTobex234:
Don't you think if 1 was possible, Nigeria go don wreck by now .

Because if banks did not reduce card limits to $100 per month and if crypto was not banned. It would have been possible to buy crypto with your naira card at 480 and then sell USDT at 504, because USDT is more valuable than the USD in your Nigerian dorm, people are willing to pay more for USDT.

I know that reducing card limit, banning crypto and creating restrictions around dorm accounts hasn't helped the naira sha, and that's because the main guys at the top are round tripping huge volumes. Yesterday there was a caught, AGF Malami posted a screenshot of his phone that he has deactivated Twitter, only for him to expose himself that he is trading crypto.

Let's say AGF is getting dollars at official rate of like 420, do you know how much gain that is, if he is selling USDT at 504? And una want make naira strong with all these multiple exchange rates. I laugh in Swahili . Even Osibanjo has a Nexo account, so na only the middle class them wan frustrate.

Still most of the common men in Nigeria dey against crypto. What an irony.

Tobex4realTobex234:


For Binance,
1. It is not possible. Because CBN banned Nigerian banks from facilitating any transaction that involves crypto, so it doesn't matter if you are planning to use a naira or USD card, it won't pull through and your funds may be trapped, depending on which bank it is.

2. It is not possible. The only possible way you can do crypto right now is via P2P and only instant transfer payment methods are usually allowed.

With Bamboo, Trove e.t.c.
1. It's possible. But please check with your bank o. I heard Nigerian banks have card limits even on dorm accounts. That's some pathetic shit. Also the charges on these platforms are crazy at about 3.8%

2. It's possible also. But Bamboo charges $45 to get USD withdrawn to your dom account.

I will make enquires. I've always thought the $100 card limit is applicable to using naira debit card for dollar transactions.
If there is a limit on dollar debit card, it will definitely be far higher than $100 a month
I think $45 charge is a fair price to pay for the money to come in as inflow, since one will be able transfer the money to any dollar based investment account

The $100 I said is for naira cards.

skydiver01:
They are all Federal Government debt instruments with varying tenors. Sukuk is I believe is currently up to 7 yrs, Treasury bill up to 1 yr and FGN bond up to 30 yrs.

pls what are d charges on this fgn bond in d secondary market? i saw something like 7.5%vat, 0.05% and custodian fees. pls house help analyze these aforementioned charges!

The broker or bank charges are usually embedded in their bid/offer prices. Not all banks charge custodian fees btw. Focus on the offer price if you wish to purchase. You can phone or email a number of them to explain/breakdown their charges to you. You can even ask them to send you an example following which you should make sure you understand them. If you have further questions following this, they will be happy to answer them. Good luck.

Akerewe:
pls what are d charges on this fgn bond in d secondary market? i saw something like 7.5%vat, 0.05% and custodian fees. pls house help analyze these aforementioned charges!

skydiver01:
The broker or bank charges are usually embedded in their bid/offer prices. Not all banks charge custodian fees btw. Focus on the bid price if you wish to purchase. You can phone or email a number of them to explain/breakdown their charges to you. You can even ask them to send you an example following which you should make sure you understand them. If you have further questions following this, they will be happy to answer them. Good luck.

thanks nd God bless U

pizapato:


I will make enquires. I've always thought the $100 card limit is applicable to using naira debit card for dollar transactions.
If their is a limit on dollar debit card, it will definitely be far higher than $100 a month
I think $45 charge is a fair price to pay for the money to come in as inflow, since one will be able transfer the money to any dollar based investment account

Bank like firstbank won't give you a debit card on doms account, I don't know of others. You can try firstbank gold prepaid dollar card, it has higher limits, zenith also have same.

Please can someone explain why the Naira is not gaining even when Crude oil is now at 70$

richforever123:
Please can someone explain why the Naira is not gaining even when Crude oil is now at 70$

To be honest, only Emefiele can answer this question

The demand for dollar is far far far higher than any gains the country is seeing in rising oil prices. Can’t you see that even common man that doesn’t need dollars is converting his Naira life savings to usd and sending offshore

richforever123:
Please can someone explain why the Naira is not gaining even when Crude oil is now at 70$

I begin finding interest in crypto lately because I've realised Some citizens have begun to reject the naira as a currency.... Moreover our leaders have long time rejected it...
I heard of a chieftain in a community whose son work under the presidency...heard he is been paid in dollars....

More devaluation for naira

My opinion