Alaska90:


Sorry I am just trying to clarify things, I am still new too please.

I have a broker account and the CHN....so I am not sure which one is the CSCS number.

I use Morgan Capital

And I have just logged in to CSCS nigeria website too....I only saw the CHN and account number on my portfolio details

So I guess that's my CSCS account number?

unite4real:


The number digits is the cscs. It has only numbers.

The one that alphanumeric perhaps starting with letter C with a combination of numbers and last 2 digits are alphabets is the CHN

mra123:


Great. I have used them as you have just explained. However, my quick question is: must we provide the Custodian A/C No.? I did not use it. I just left the place blank. I hope it won't be an issue.

unite4real:


Leave it blank and u are good

unite4real:


The number digits is the cscs. It has only numbers.

The one that alphanumeric perhaps starting with letter C with a combination of numbers and last 2 digits are alphabets is the CHN

mra123:


Perfect!

Cheers mate

Alaska90:



Sorry for disturbing you again

But I don't think the residency part of the form can affect your allotment right?

I normally use my naija address for all my investment

mra123:


I selected that I am based in Nigeria (i.e. I am a Resident). I also used my Nigerian address. I believe it is not an issue. No one knows where we are.

mra123:


I selected that I am based in Nigeria (i.e. I am a Resident). I also used my Nigerian address. I believe it is not an issue. No one knows where we are.

wura2u:


You have just notified us you are not resident in Nigeria. You see yourself? I am going to blacklist you���

Sorry oh ...it was a follow up question oh

Too much question no good

I am in Lagos oh

wura2u:


You have just notified us you are not resident in Nigeria. You see yourself? I am going to blacklist you���

Sholapey:
Too much info.

abraolas1:
This might answer most of the Sukuk Question

https://www.dmo.gov.ng/fgn-bonds/sovereign-sukuk/2635-all-you-need-to-know-about-the-second-fgn-sukuk

qmd24:
Thank you.

This is why we love this thread.

Sukuk2 was at 15. 7 % while this round is at 11. 2 %. This may not keep up with the current inflation level, especially if naira continues to nose-dive as predicted on this forum.

Isn't FG shortchanging us? (I miss the days of TB @ 16%).

@ Gurus in the house, should I maintain my Pounds sterling position or do more of this. I have already liquidated my dollar reserve for this.
How long should one hold this Sukuk 3 to maintain value?

unite4real:


The last two sukuks actually beat inflation by far. The first was over 16% while the last one was 15.7%. this third issue is way below inflation at 11.2%. times are hard even our money's are not finding it funny. This very sukuk has low rates and not palatible but again you ask yourself what other investment should I use my money on.

If rates go up from next year and you sell this sukuk, you will run at a loss.

With Emefiele's CBN kalokalo policies, it's hard to predict rates nowadays. We are just throwing our nets in the waters and expecting anything that it catches.

Burchester:


Does this mean 11.20% per annum interest. And is it compound interest for 7 years ??

bmarketing:
Please house, FGN Sukuk is 7 years while FGN savings Bonds is 3 years right?

Barrytone:


Am not a guru but you deserve an answer. The gurus will attend to you when they wake. The present SUKUK bond at 11.2% is a better deal. That amount (about 18m) that fetches you about 700k now will be getting you over 2m every year. 11% is fair considering the rates now and future expectations.

yazga:
how much will I get if I invest 2m?

emmanuelewumi:



Thanks, we are doing well in the open.

Most Investment WhatsApp group admins use that avenue to sell funny and suspicious business opportunities to hungry and lazy people who want fast money, these usually end in losses and tears

9jatriot:
See attached image.
At the end of the 7th year, you should get your principal plus interest, all things being equal.

1kinggy:


Most of those rates are p.a.

So divide them by 12 to see what exactly they are offering you.

ukay2:



Yes Sir.

I noticed there are levels of investing ones pension fund

I think levels 1-4.....I think it was introduced 3 years ago.

The highest percentage return I saw then was level 3 for my age.....so I chose level 3 which has higher percentage ROI. My pension interest became higher than before.

I think I will enjoy this higher interest until age of 60 other thereabout before I will be automatically return to level 1......can't remember the full details.

I got this from my stanbic ibtc pension manager, when I made enquiry on investing my pension myself. At least the interest is better for the last 3 years.

yazga:
Hmmmmmmm can that also be said of the NSE WhatsApp group? Or you don't think TB should equally have a WhatsApp group? Because am very sure there are some things discussed in SMI that is not in the open

yazga:
Yes but has been suspended till further notice as a result of the pandemic.

emmanuelewumi:



If I may ask what will a WhatsApp group give you, that cant be discussed here.


Can you list some of the things, discussed in SMI that is not in the open?

Phyde:

Which one did they suspend please ?

emmanuelewumi:



If I may ask what will a WhatsApp group give you, that cant be discussed here.


Can you list some of the things, discussed in SMI that is not in the open?

ahiboilandgas:
smart guy keep secret...na ma wining formular be that then...no tell plenty people cause if they know ..they will be draging 1st