Tobex4realTobex234:


Actually this makes a lot of sense. Cuz $1 at 8% will only be about $10 in 2050.

Even if naira hits 1500, your returns are still higher than USD.

Your key concern should not be devaluation or returns vs USD. The risk of default is what keeps NGN bond investors awake. With the way things are going, anything can happen o

Lovelygbems:
We can offer you 8% on our FD



07067025384


Stability Assured....

What is the name of your company

Lovelygbems:
We can offer you 8% on our FD


07067025384

Stability Assured....

Na for phone number you go offer the 8% on the FD?. Na phone number also be the 'Stability Assured'?.

An insurance firm is offering 17m lodged for 10years and get 500k monthly afterwards. Lock down for 10yrs and collect pension of 500k for life. How feasible? 32m for 5yrs. 9m for 15yrs.

RayRay06677:
An insurance firm is offering 17m lodged for 10years and get 500k monthly afterwards. Lock down for 10yrs and collect pension of 500k for life. How feasible? 32m for 5yrs. 9m for 15yrs.

Hmmm, Insurance lockdown for 10years, mba , l will pass

RayRay06677:
An insurance firm is offering 17m lodged for 10years and get 500k monthly afterwards. Lock down for 10yrs and collect pension of 500k for life. How feasible? 32m for 5yrs. 9m for 15yrs.

Why should I lock it down for 10 years? It is feasible, but you can do better


At 12% your N17 million would have grown to almost N53 million in 10 years sha when compounded, But I have issues with Insurance companies.


Which will give you an annual income of N6.3 million after the 10th year or 525k per month

emmanuelewumi:



Why should I lock it down for 10 years? It is feasible, but you can do better


At 12% your N17 million would have grown to almost N53 million in 10 years sha when compounded, But I have issues with Insurance companies.


Which will give you an annual income of N6.3 million after the 10th year or 525k per month

The Insurance company is the winner in this deal.


What happens if the worker died before the 10th years.

Will the family be compensated if the worker got the pension for just 3 years, ie got a total of just N18 million before he died.

Lazyyouth4u:


Your key concern should not be devaluation or returns vs USD. The risk of default is what keeps NGN bond investors awake. With the way things are going, anything can happen o

I think he mentioned secondary market really booming. If one is really alert, I don't think you will get caught up in the whole mess, or what do you think?

Na them

https://www.nairaland.com/6857274/7315-apply-fgs-5000-housing

This goes to butress the point that there's good appetite for a mortgage-like system in Nigeria if supportive instruments are put in place...

Rather than the FG/VP tasking banks to borrow to support mortgage, they could do more by way of putting the supportive instruments in place. In that way, private coys will take over most of this to better effect.

An interesting read on GTB, Innoson, ownership claims and the sum of GTB potential liabilities , culled from the Nairametrics website.

Why Innoson can’t takeover GT Bank

The founder and Chairman of the Innoson Vehicle Manufacturing Limited (IVM), Mr. Innocent Chukwuma, has said he will takeover GT Bank. He made this remark in a chat with a selection of media and financial reporters at his home in Nnewi during the week.

Nairametrics attended the interview where the charismatic vehicle manufacturer responded to a cross-section of questions. However, one of the most remarkable statements made by Mr. Chukwuma was his envisaged (from his point of view) takeover of one of Nigeria’s largest banks, GT Bank.

According to him, he will fund the takeover of the bank from the money owed to him by GTB (which is now GT HoldCo) inclusive of accrued interest. Recall, Innoson has been in a legal battle with GTB in recent years over claims and counterclaims of loans between his company and the bank.

The statement, while off the cuff in response to the question he was asked, made a splash in the media and has also sparked concerns for shareholders of the bank. While we do not wish to prejudice the outcome of the court or assuage his claims (of which Mr Innocent has a right to make), it is important that we also address it from our perspective and also as part of our investor advocacy objective.

We will attempt to explain why is implausible to take over the bank on the basis of a judgement debt. But first, what he said.


Reporters: “For some years now, you have been having a running issue with Guaranty Trust Bank. What is the current situation right now?”
“You know I’m one of their best customers in the entire Southeast, especially when the former MD, Olutayo Aderinokun was alive. Because of me, they opened a branch in Nnewi. But after the demise of Aderinokun, the new MD took over. I do not know him but only met him for the first time last year. I’m not sure exactly why he is fighting me but I think it has to do with tribe.

But finally, I have proved him wrong in everything he is doing. I have defeated him in all the courts he went to. It remains for him to pay me what he owes me because he can’t just go to my account and take money anyhow, which I discovered, took him to court over and won. Up till this moment, he has not paid and we had gone up to the Supreme Court. Maybe he wants Nigeria to change its law because of him.

But the beauty of it all is that the money has been attracting the interest of 22% for 11 years now. I’m waiting for the interest to grow beyond their capacity, and then I would takeover the bank. I’m not disturbing them anymore, but I’m assuring all the customers of the bank that if I take over, I will still run it well. Let them not have any fear. I haven’t done any business that has failed. I will run it better than them. If the interest on my money is above the capacity of the bank, I’d have no choice but to take over the management,” – Innocent Chukuwma

Is this even possible?
Assuming Mr. Chukwuma’s claims that GTB does owe him money (that is if he does win at the Supreme court) and that the interest of 22% per annum does accumulate to such an astronomical proportion that it is more than the market capitalization or the net assets of GTB, it will still not mean that he takes over the bank that easily, if at all he could.

Here is why;

GTB factor

* Also to add that GTB (as with other public companies) does disclose the cases they have in court and the financial implications. As part of its disclosure, they also make provisions in their books for these cases in the event that they lose. Here is how GTB reported it in its 2020 audited report under “Claims and litigation”.

* “The Bank, in its ordinary course of business, is presently involved in 507 cases as a defendant (31 December 2019: 512) and 415 cases as a plaintiff (31 December 2019: 436). The total amount claimed in the 507 cases against the Bank is estimated at N440.83 Billion and $32.60 Million (31 December 2019: N462.09 Billion and $39.03 Million) while the total amount claimed in the 415 cases instituted by the Bank is N180.48 Billion (31 December 2019: N109.30 Billion). However, the solicitors of the Bank are of the view that the probable
liability which may arise from the cases pending against the Bank is not likely to exceed N190.20 Million (31 December 2019: N189.87 Million). This probable liability has been fully provided for by the Bank (please refer to Note 38)”

* This means GTB has court cases amounting to N440 billion against it but does not expect to incur more than N190 million liability assuming they lose the case.

* Assuming the claims as depicted by Innocent Chukwuma does crystallize, all GTB will need to do is enter a payment plan for the loan which will allow it to repay its profits over a protracted period.

* It could also call on its existing shareholders to embark on a rights issue or public offer or even seek external funding to raise money to repay the loan.

Other factors

* Judgment debts are also carried out with the interest of the public at the center of decision-making. GTB is a quoted company with over 327k shareholders of the bank. We don’t see how investments of thousands of people will be eroded on the back of a judgment debt.

* The Central Bank will as expected have the ultimate say who owns the bank. CBN approves ownership of banks especially for takeovers and it is unlikely that the apex bank will allow judgment debts to determine who owns a bank or not. Worst case, the CBN will bail out the bank and retain shareholdings rather than hand it over to Mr. Innoson if it doesn’t want to.

*There are also political connotations that can also affect how the judgment will be interpreted and treated assuming it goes in the favour of Innoson.

* Thus, we do not see how this is possible.

Finally, the claims by Mr. Innoson at least keeps him on the headlines and piles pressure on GT Holdco to put out a response in this ongoing court and media battle over a banking giant and vehicle manufacturing giant. It appears Mr. Chukwuma has the media vibes at the moment.

Hello house, what is your opinion on Dangote cement Commercial Paper offer below? It is something one can consider, any risk involved in CP. Thanks

[/quote]Dear Valued Investor,

We are pleased to inform you that the Series 1, 2 and 3 Commercial Paper issuance (“CP or the “Issuance”), under the recently established Dangote Cement PLC (“Dangote Cement”) NGN150 billion CP Issuance Programme is now open and scheduled to close on Wednesday, 24 November 2021."[quote]

Lagos state government 10 years bond issuance. Is it advisable?

[/quote]Dear Valued Investor,

We are pleased to announce that the Lagos State Government (“Lagos State” or “the State”) Series IV Bonds of up to N125 Billion (‘’the Issuance” or “the Offer’’) under the State’s N500 billion Bond Issuance Programme is Now Open. The offer is scheduled to close at 2.00pm on Wednesday, December 1, 2021.[quote]

sammily:
Hello house, what is your opinion on Dangote cement Commercial Paper offer below? It is something one can consider, any risk involved in CP. Thanks

Dear Valued Investor,

We are pleased to inform you that the Series 1, 2 and 3 Commercial Paper issuance (“CP or the “Issuance”), under the recently established Dangote Cement PLC (“Dangote Cement”) NGN150 billion CP Issuance Programme is now open and scheduled to close on Wednesday, 24 November 2021."

Good rates,I bought some last year and all went well. Would have loved to buy some now but I doubt if time is on my side, considering how long it could take for me to have my funds retrieved from stanbic money market, pretty bad the closing period is always short.

All the money Dangote has couldn't save his brother, make una try to they enjoy una money too no be everytime you go they save or invest.

Nothing concern next of kin oo

Akin3891:


Good rates,I bought some last year and all went well. Would have loved to buy some now but I doubt if time is on my side, considering how long it could take for me to have my funds retrieved from stanbic money market, pretty bad the closing period is always short.

Got the same information from Stanbic IBTC Bank.

Lagos State bond is also on

Tobex4realTobex234:
All the money Dangote has couldn't save his brother, make una try to they enjoy una money too no be everytime you go they save or invest.

Nothing concern next of kin oo

His brother was also a billionaire who enjoyed life to the fullest, he was well know in Polo and golf circles

emmanuelewumi:



His brother was also a billionaire who enjoyed life to the fullest, he was well know in Polo and golf circles

You totally missed the point he was trying to make. He never said Dangote’s brother did not enjoy life

Lazyyouth4u:


You totally missed the point he was trying to make. He never said Dangote’s brother did not enjoy life

I said he enjoyed life and he also agreed with that. He said make una try to dey enjoy your money, as Sani Dangote did

Death is a debt we all owe our creator

emmanuelewumi:



Got the same information from Stanbic IBTC Bank.

Lagos State bond is also on

Lagos state bond is a ten year tenure, I'm not cool with long times bonds for now. I've learnt and added three new businesses since rates nosedived, thanks to the FG for the eye openings, so the scheme for me is to keep funds in money market so as to be liquids, you invest 5% on a new business, you increase your stakes as you master the business terrain then eventually kiss fixed deposits good bye or retain little % in it, as nothing pay you as great as good businesses do

Tobex4realTobex234:
All the money Dangote has couldn't save his brother, make una try to they enjoy una money too no be everytime you go they save or invest.

Nothing concern next of kin oo

Those guys no dey always get joy

It's not what you have that make you successful but what you keep adding to what you already possessed that makes you stand out

Akin3891:
It's not what you have that make you successful but what you add to what you already possessed that makes you stand out

Plus ➕ be ready to open your hands to the destitute, helpless, needy and the less privilege in the society by helping and assisting as many people as possible who are suffering from Hunger, homelessness, poverty etc regardless of race, religion and Creed, naked we came into the world and naked we all shall exit as well, nobody takes a pin, credit or debit card, Visa, foreign passport, Stocks, bonds, coupons, house, cars, Chicken, Stew, ofe owerri, amala, wheat, pounded yam, ogunfe, Turkey, bokoto etc to the grave

Good morning please how is the interest for CP paid,? Is it paid upfront like treasury bills or at maturity?

yinkaoke:
Good morning please how is the interest for CP paid,? Is it paid upfront like treasury bills or at maturity?

Yes, the pay of CP is upfront like TB. If you don't want the upfront, add the amount as part of your principal when investing. So that everything would just come at maturity.

Great insights

Is it possible to raise 250 million like Davido by dealing in Treasury Bills?

AngelicBeing:
Plus ➕ be ready to open your hands to the destitute, helpless, needy and the less privilege in the society by helping and assisting as many people as possible who are suffering from Hunger, homelessness, poverty etc regardless of race, religion and Creed, naked we came into the world and naked we all shall exit as well, nobody takes a pin, credit or debit card, Visa, foreign passport, Stocks, bonds, coupons, house, cars, Chicken, Stew, ofe owerri, amala, wheat, pounded yam, ogunfe, Turkey, bokoto etc to the grave

AllahIsShit:
Is it possible to raise 250 million like Davido by dealing in Treasury Bills?

Fund raising is different from Investments. You donate to worthy causes from your abundance and income. The abundance and income can come from Investments, businesses, salary, profits, commission etc


But companies can package commercial papers and corporate bonds and raise billions of Naira for the expansion of their businesses

Please great people which one is this again in the attached from ibtc n MTN? Anyone who can explain

sammily:
Hello house, what is your opinion on Dangote cement Commercial Paper offer below? It is something one can consider, any risk involved in CP. Thanks

Dear Valued Investor,

We are pleased to inform you that the Series 1, 2 and 3 Commercial Paper issuance (“CP or the “Issuance”), under the recently established Dangote Cement PLC (“Dangote Cement”) NGN150 billion CP Issuance Programme is now open and scheduled to close on Wednesday, 24 November 2021."

Minimum 5m