jedisco:
Rampant inflation plus currency collapse without economic growth is terrible.

Recently was speaking with someone who was advising I buy land as investment in certain areas. Person used their purchase years back as an example. At about 2009, they had bought a piece for 16 million. That piece is now about 75 million. Good profit he thought.

We sat down and crunched the numbers.
1. 16 million in 2009 at exchange of about 135 was about 118k usd
2. 75m today at an exchange of 1600 is about 46k usd. I.e 72k usd lost.

This is depressing but then we have not considered that the dollar itself has lost over 40% of its value in that time. So despite the land being worth more naira, there is no real term return (i.e after taking out inflation) but rather a significant loss.
Some might say why bother about usd- this would be true if our currency was stable. Today, the usd exchange determines the cost of most goods we buy.

What burst our brain was crunching the numbers to see if that money was put in a globally diversified index fund. Historically, despite volatility, these have yielded an average of 7-9% annually longterm. That 118k usd if invested in a global fund would be worth at least 374k usd today. That's how to track or beat inflation and how many westerners fund lavish retirements. I'm not even going into ease of sale e.t.c between both

Nigerians with Naija passport are not allowed by international brokers to invest in global ETFs. So they must work with what they have na.

Joyful365:


Dont the government ever offer these bonds in USD?

Like 80% of my asset is liquid and in USD and losing value too fast cos of inflation in America.

Is there no sure way to buy bonds in USD and earn this good interests, though the fund is not large....it's small but i trust USD more than NGN and I want it to grow instead of sitting idle in a bank that may crash at anytime.

I can offer you 5-6% APY in the US.

efismikoko:
This Zenith will not let me know if fgn saving bond has paid coupon now
No internet banking, no text, no email I tire joor

Got my fgn saving coupon today. Stanbic ibtc

Nakedman:


Got my fgn saving coupon today. Stanbic ibtc

Good I will get to zenith today to check

Rate

Nakedman:


Got my fgn saving coupon today. Stanbic ibtc

Great they paid yesterday just got to zenith hope they are back to normal now

09-October Treasury Bills Auction Result

Nakedman:


Got my fgn saving coupon today. Stanbic ibtc

I received too. Seems they have the payment issues fixed.

Nakedman:


Got my fgn saving coupon today. Stanbic ibtc

Which particular Savings Bond is this? When was it issued because I expected coupon for FGS JUL 2027 that was issued July this year and the payment date is 10 Oct and today is 11 Oct but I have not received anything ooo.

If na that one please indicate make I know where my problem come from.

freeman67:



Which particular Savings Bond is this? When was it issued because I expected coupon for FGS JUL 2027 that was issued July this year and the payment date is 10 Oct and today is 11 Oct but I have not received anything ooo.

If na that one please indicate make I know where my problem come from.

APRIL 2027.

Nakedman:


APRIL 2027.

Ok. We are still waiting for July 2027 sha.. The payment date is 10 Oct

Have you checked your banking app yet? Cos I received same coupon yesterday, 10th.

presiade:


I can offer you 5-6% APY in the US.

Scammer spotted

Labadi69:


Scammer spotted

You must have consumed some cheap inebriating sustenances.

presiade:


I can offer you 5-6% APY in the US.

Joyful365, beware of scammers like this hustler wey never chop belleful, but is offering you 5 to 6% in the US.

Labadi69:


Nigerians with Naija passport are not allowed by international brokers to invest in global ETFs. So they must work with what they have na.

I stumbled on global ETFs on Kuda which were hosted by Bamboo. They're marketed to Nigerians so it would be odd if Nigerian passport holders can't buy them. Another issue is the broker/platform fees for many of these passive funds. While in many places, you could pay no fee or very little platform fees, Nigerian firms tend to charge relatively high rates even above 1% of invested funds.

Also, it's unclear how robust the laws are regarding such platforms are I.e if investor funds are walled from the brokers

Chudymario:
Have you checked your banking app yet? Cos I received same coupon yesterday, 10th.

Yes, I checked on 10th, yesterday 11th and today 12th morning. Nothing came.

Labadi69:


Joyful365, beware of scammers like this hustler wey never chop belleful, but is offering you 5 to 6% in the US.

I won’t waste my energy on a clown like you. When clowns 🤡 talk, we can sense them from a thousand miles away. Thank your stars that a faceless forum offers you a platform to vocalize your stupidity without real repercussions.

how do i get started with treasury bills
whens the next auction

jedisco:


I stumbled on global ETFs on Kuda which were hosted by Bamboo. They're marketed to Nigerians so it would be odd if Nigerian passport holders can't buy them. Another issue is the broker/platform fees for many of these passive funds. While in many places, you could pay no fee or very little platform fees, Nigerian firms tend to charge relatively high rates even above 1% of invested funds.

Also, it's unclear how robust the laws are regarding such platforms are I.e if investor funds are walled from the brokers

I am talking about international brokers. I can never ever use those local brokers. To each his own sha.

Today marked the rentals payment date for the recent Sukuk bond.

Ibrahim505:
Today marked the rentals payment date for the recent Sukuk bond.

The payment should be tomorrow. Today na weekend.

freeman67:


Yes, I checked on 10th, yesterday 11th and today 12th morning. Nothing came.

Boss hope you finally got this cos everyone I know got that 10th

Labadi69:


I am talking about international brokers. I can never ever use those local brokers. To each his own sha.

It boils down to how robust the local laws and SEC laws are in protecting investors funds. Ideally they should be ringfenced from the broker or investment firms funds. So if the later two go under, investors remain intact.

Eitherway, it's those same brokers people use to invest in the local stock market

freeman67:


The payment should be tomorrow. Today na weekend.

OK.

Will there be SUKUK this year?

Ibrahim505:
Today marked the rentals payment date for the recent Sukuk bond.

efismikoko:


Boss hope you finally got this cos everyone I know got that 10th

Not yet ooo. I have not seen it.

Sukuk??

13th October

Any update?

RayRay06677:
Sukuk??

13th October

Any update?

Still expecting o

oludy:
Will there be SUKUK this year?

Probably

RayRay06677:
Sukuk??

13th October

Any update?

Still expecting

RayRay06677:
Sukuk??

13th October

Any update?

Nothing comes through yet, I just hope FG isn't going broke. I have all my life with them, i need to rethink ways foward.