presiade:


Yes, you're right; I only did a rough calculation to inform him. Morever, a figure 6 still appeared in the rough answer.

You mean figures 2,6,8 and 0 are in the rough answer too.

I wish I knew to use this update for my maths teacher.😁😁😁

They don't do Treasury Bills

Yungmil:
Please guys I bank with fidelity bank. Never had anyone talk about them.

Do they do Treasury bills or I should look for other bank. Thanks

awesomeJ:

You mean figures 2,6,8 and 0 are in the rough answer too.

I wish I knew to use this update for my maths teacher.😁😁😁

Say he don go …

awesomeJ:

You mean figures 2,6,8 and 0 are in the rough answer too.

I wish I knew to use this update for my maths teacher.😁😁😁

Lol

petux:
Good evening everyone, someone sent me a list of secondary market tbills with there tenor and I saw the 13 days tenure at 17.55%, is that really true? I refuse to believe the rate could be that high, house please advise me because I plan on putting all my life savings on this. Thanks

Lol its true. They have done the calculations for you

This is not true

Batman2412:
They don't do Treasury Bills

Pls, what's the current rate of 359 day TBills tenure in the secondary market, First bank in particular

Nakedman:
Hello house, Good Evening, I have been looking for update on FGN Saving bonds for August I couldn't find any. Can anyone help me out?

Here:

bfn1:
Here:

Thank you so much. I also received a mail from stanbic about it few mins ago.

eniorisha:
Pls, what's the current rate of 359 day TBills tenure in the secondary market, First bank in particular

I got 20% for 365days from stanbic.

Please I need investment advice.

I'm kinda stuck investing my USD funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

Joyful365:
Please I need investment advice.

I'm kinda stuck investing my $15000 funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

@joyful365. First you need to know your risk tolerance and be sure you can cope with the risk involve in any investment product you wish to invest in. Note that Eurobond is not a low risk investment there is some element of risk though it's moderate, even dollar fund has eurobonds as the underlying asset.

However, having a long term in view, dollar fund will be a good alternative.
You can go with Norrenberger Asset management for the dollar fund.

Get in touch for details on Norrenberger dollar fund.

Joyful365:
Please I need investment advice.

I'm kinda stuck investing my $15000 funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

Beware of vultures. Don’t mention your portfolio size online. You’ll be attracting scavengers!

Joyful365:
Please I need investment advice.

I'm kinda stuck investing my USD funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

The penalty should be deducted from your earnings nd not ur funds. Go through there terms very well

CravingChic:


Duration?

363 days

Akerewe:


The penalty should be deducted from your earnings nd not ur funds. Go through there terms very well

Yes, it's deducted from the earnings. I don't think it is right though. Even if you leave it for 6 months and there's emergency need to terminate it the bank will deduct 80% of interest earned

Joyful365:


Yes, it's deducted from the earnings. I don't think it is right though. Even if you leave it for 6 months and there's emergency need to terminate it the bank will deduct 80% of interest earned

80% of the earnings is outrageous, I think it's around 20% deduction for premature liquidation.

Check their terms

presiade:


Beware of vultures. Don’t mention your portfolio size online. You’ll be attracting scavengers!

Gbamsulotely

Joyful365:
Please I need investment advice.

I'm kinda stuck investing my USD funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

There are a number of credible firms offering different investment packages & services - mutual funds, bond instruments, t-bills, equity, etc.

And yes, the amount you have in savings is adequate to create a decent portfolio of diversified investments. From less to highly risky ones, depending on your risk appetite as an investor.

Perhaps, if you can be more specific as to what your preferences are, then it would be easier to make more recommendations.

TREASURY BILLS MADE EASY IT'S A CLICK AWAY!

Get in touch to get started.

emmasoft:
TREASURY BILLS MADE EASY IT'S A CLICK AWAY!
Get in touch to get started.

Good to see companies embracing digitalization.

emmasoft:
TREASURY BILLS MADE EASY IT'S A CLICK AWAY!

Get in touch to get started.

Is this upgrade exclusive for the App or the easyinvest website is incoperated. I haven't seen that part using the web.

Good evening comrades.

Did anyone get their FGN Savings Bond coupon payment today? I was supposed to get the one for May 15 2026 today but it's yet to drop by this time.

machine606:

Is this upgrade exclusive for the App or the easyinvest website is incoperated. I haven't seen that part using the web.

It's only on the app for now.

IYGEAL:
Good evening comrades.

Did anyone get their FGN Savings Bond coupon payment today? I was supposed to get the one for May 15 2026 today but it's yet to drop by this time.

Nope it wasn't paid that yesterday. I expected it too. Let's hope they pay it today if not na Monday be that.

freeman67:


Nope it wasn't paid that yesterday. I expected it too. Let's hope they pay it today if not na Monday be that.

No be small thing

They normally skip public holidays, so I was surprised because yesterday wasn't one.

IYGEAL:


No be small thing

They normally skip public holidays, so I was surprised because yesterday wasn't one.

I was supposed to receive for November 2023 and May 2024 yesterday too but nothing
I think it’s becos of the protest lost days

Akerewe:


80% of the earnings is outrageous, I think it's around 20% deduction for premature liquidation.

Check their terms

I checked their terms and it's been so for more than 3 years, that is why I'm worried and that is why I made the original post. I'm just tired of holding funds in a Nigerin bank that if it collapses tomorrow NDIC coverage is very small. If not for the uncertainty that has been created around crypto it seems it would have been better to get usdt and invest in any of the Savings products of centralised exchanges since the returns come in daily and you can terminate at anytime without harsh penalties.

bfn1:

There are a number of credible firms offering different investment packages & services - mutual funds, bond instruments, t-bills, equity, etc.

And yes, the amount you have in savings is adequate to create a decent portfolio of diversified investments. From less to highly risky ones, depending on your risk appetite as an investor.

Perhaps, if you can be more specific as to what your preferences are, then it would be easier to make more recommendations.

I have very low risk appetite. My preference is very safe USD denominated bonds cos I assume only bonds are usd denominated and I assume they're the safest. I don't really know and I'm open to learning please

freeman67:


Nope it wasn't paid that yesterday. I expected it too. Let's hope they pay it today if not na Monday be that.

Hello boss please did you receive payment today I didn’t receive any o

efismikoko:


Hello boss please did you receive payment today I didn’t receive any o

I did not ooo. Maybe they'l consider payment on Monday. That's the difference between government investment and private investments in Nigeria. These ones are doing anyhow now because na government work. If na private work they for don do as they suppose since.

Chinedu81:
Just got information from Stanbic IBTC that primary bid was not successful, how true is it?

How did you submit your bid?

I'm not on ground, how will I remotely buy TB?