Nnamz:

I don't know if this is an option but get their bank's last 3 months statement of account and make sure they have steady inflow of cash there. If they do, assuming this is an option, let them sign strong water proof court document that should they default on rent by even one second, their wages would be garnished to pay you the debt they owe.

Well, you are not renting houses. So all these are armchair theories

Sholapey:
Thank you sir, about to stock up Zenith, Mtnn and Gtb. I'm still assessing my pick for the US stocks on Chaka.

I have worries over MTN because of a litigation problem against them brewing up in the US.

Time to be careful stocking up

https://nairametrics.com/2020/06/07/mtn-group-runs-into-trouble-in-the-us-faces-new-allegation/

emmaodet:


Yes you are right but the bitter truth also is that a large percentage of people looking for job, underemployed or fully working would have been better off if they were trained and schooled on business and how the society works.
A lot of them will be so amazed about their innate skills that are dead and not realised or used because they didn't expand/broad their view of life.

Can I PM you sir? Something you said is of interest to me. Thank you in advance.

AdaoraNK:


Then no dey hear.

I have millions of naira in bonds running till 2034, and 2027. Man no die man no rotten. If naija crash, it crashes. Life moves on. Life is all about Risk nothing is certain.

ahiboilandgas:
Over 600 bn naira chasing fixed income at 11.3 ......new secured investments windows need to spring up .....this not a good sign

Some of that money will come to the NSE.

Nakedman:


I have millions of naira in bonds running till 2034, and 2027. Man no die man no rotten. If naija crash, it crashes. Life moves on. Life is all about Risk nothing is certain.

Love your spirit. But then we should be careful, bearing in mind how fragile and unrealist our economy is.

Politicians ruling this country don't care about the future but only the interest and future of their political gangsters.

Sholapey:
Thank you sir, about to stock up Zenith, Mtnn and Gtb. I'm still assessing my pick for the US stocks on Chaka.

Madam, i no go mind to be your Hand Bag Carrier aka PA o.

unite4real:


This is a re-issue bond and it's very tricky. It's not as straight forward. You have to keep an eye on the yield. In this case, the indicative rate.

Even when u bid within this range, you will pay over 50M to secure the bond. There is 2 years and 10 months left on the bond and holders have chopped coupons 2 months ago.

Had it been it's a new issue then you will be buying at par. If you have not done this before, try to understand it very well because u fit vex after you are successful.

You will pay over 50M for the bond because the yield is lower than the coupon rate but your interest will be on 12.75% of the 50M face value, even though you actually paid over 50M to secure the bond and upon maturity, it's 50M you will be getting plus your last coupon

This is why for things like this, it’s advisable to calculate your YTM (Yield to Maturity), so you know how much you will actually get.

Oga “unite4real”, you are doing well.


Which stockbroker do you use?

GonFreecss1:


This is why for things like this, it’s advisable to calculate your YTM (Yield to Maturity), so you know how much you will actually get.

Oga “unite4real”, you are doing well.


Which stockbroker do you use?

Morgan capital, Afrinvest and Stanbic

AdaoraNK:


Then no dey hear.

What will make “Nigeria” start defaulting on bonds, then the next target will be Tbills, which if it happens I can guarantee your money in your bank account is also as good as not being able to be withdrawn.

All this fear will just make people not to invest, even the USA has massive debts. Better Economy? Still massive Gargantuan debts.

Does this mean people should rush and buy crypt0? Bt1c and the rest? Or Gold? And become speculators?

unite4real:


Morgan capital, Afrinvest and Stanbic

Thank you very much.

GonFreecss1:


What will make “Nigeria” start defaulting on bonds, then the next target will be Tbills, which if it happens I can guarantee your money in your bank account is also as good as not being able to be withdrawn.

All this fear will just make people not to invest, even the USA has massive debts. Better Economy? Still massive Gargantuan debts.

Does this mean people should rush and buy crypt0? Bt1c and the rest? Or Gold? And become speculators?

...how will a sovereign default affect monies in saving accounts in Gtb a private enterprise insured by Ndic?...how will it other securities like shares in dangote or how will stop my rents coming ....dont compare Nigeria economy to america please.....may be Egypt or Argentina etc.....

unite4real:


I have worries over MTN because of a litigation problem against them brewing up in the US.

Time to be careful stocking up

https://nairametrics.com/2020/06/07/mtn-group-runs-into-trouble-in-the-us-faces-new-allegation/

Thanks for this information, I will look elsewhere then.

GonFreecss1:


What will make “Nigeria” start defaulting on bonds, then the next target will be Tbills, which if it happens I can guarantee your money in your bank account is also as good as not being able to be withdrawn.

All this fear will just make people not to invest, even the USA has massive debts. Better Economy? Still massive Gargantuan debts.

Does this mean people should rush and buy crypt0? Bt1c and the rest? Or Gold? And become speculators?

person must not invest in invincible asset..
Their are more investments outside fixed income space in Nigeria..

ahiboilandgas:
...how will a sovereign default affect monies in saving accounts in Gtb a private enterprise insured by Ndic?...how will it other securities like shares in dangote or how will stop my rents coming ....dont compare Nigeria economy to america please.....may be Egypt or Argentina etc.....

Oga ahib. There is a way the economy works.

The NDIC is what again? Are they not the same government?

The insurance you are talking about is just 500K.

If we are also talking about how the long economy works, if majority right now wanted to withdraw their money. NDIC will not even be able to help give at 100K each to the people who have 100K and above.

I think I can compare Nigeria with the US because good economy or not, it’s the same thing. Their debt to GDP is extremely high. If push comes to shove, If they don’t default they will print more dollars. I don’t need to start explaining the problems with that.

NL1960:


Madam, i no go mind to be your Hand Bag Carrier aka PA o.

Bag Carrier bitibawo? We are going to the top together my brother be guided. We shows the way by leading.

ahiboilandgas:
person must not invest in invincible asset..
Their are more investments outside fixed income space in Nigeria..

Majority will still be affected. This things are all tied. They are all connected.

So if you don’t invest in fixed income, where do you invest? Banking fixed deposits? Stocks of banks? Lol.

Trump has even been printing USD since.

GonFreecss1:


Oga ahib. There is a way the economy works.

The NDIC is what again? Are they not the same government?

The insurance you are talking about is just 500K.

If we are also talking about how the long economy works, if majority right now wanted to withdraw their money. NDIC will not even be able to help give at 100K each to the people who have 100K and above.

I think I can compare Nigeria with the US because good economy or not, it’s the same thing. Their debt to GDP is extremely high. If push comes to shove, If they don’t default they will print more dollars. I don’t need to start explaining the problems with that.

ojesymsym:
Trump has even been printing USD since.

Lool. It will end in tears.

AdaoraNK:


Love your spirit. But then we should be careful, bearing in mind how fragile and unrealist our economy is.

Politicians ruling this country don't care about the future but only the interest and future of their political gangsters.

I quite understand your perspective. My coupons get invested in foreign currencies, Cryptocurrency and land.

I won't put all eggs in one basket.

GonFreecss1:


Majority will still be affected. This things are all tied. They are all connected.

So if you don’t invest in fixed income, where do you invest? Banking fixed deposits? Stocks of banks? Lol.

if u are given 200m and told u should not invest in fixed income or Nse ...so that will be the end .....

ojesymsym:
Trump has even been printing USD since.

the 500k cover 90 percent of all deposits in banking system

GonFreecss1:


If we are also talking about how the long economy works, if majority right now wanted to withdraw their money. NDIC will not even be able to help give at 100K each to the people who have 100K and above.
.

How did you come to this conclusion?

Nakedman:


I quite understand your perspective. My coupons get invested in foreign currencies, Cryptocurrency and land.

I won't put all eggs in one basket.

Better.

I think we need to understand that portfolio investors take serious considerations on political leaders and thier appointees to determine the future of what the country's future economic look out will be like in next 8 years

ahiboilandgas:
if u are given 200m and told u should not invest in fixed income or Nse ...so that will be the end .....

Nope. And this discussion is not about me. It’s for the fear created in others about fixed income. A fear that is not needed. Again, not everyone can run a business.

olujaidi:


How did you come to this conclusion?

It’s in the fine print. Banking and even insurance companies all work on the principle that not everyone needs their money or will have a problem at the same time.

That is why you see things like withdrawal limits and transfer limits. This are things put in place to avoid problems. The more scarce the currency the more the restrictions. CC dollars and other FX currency limits.

AdaoraNK:


Better.

I think we need to understand that portfolio investors take serious considerations on political leaders and thier appointees to determine the future of what the country's future economic look out will be like in next 8 years

And what has that got to do with failure to pay it off?

The FGN is a system, though administrated by politicians every 4 or 8 years or whatever year applies. There are somethings that just don’t happen. There is a system in place for that reason.

A system even they know tampering with is suicide. Something devastating that will affect them too.

GonFreecss1:


And what has that got to do with failure to pay it off?

The FGN is a system, though administrated by politicians every 4 or 8 years or whatever year applies. There are somethings that just don’t happen. There is a system in place for that reason.

A system even they know tampering with is suicide. Something devastating that will affect them too.

Did Buhari suddenly stop bonds or Tbills that were administered in Jonathan’s regime?

There is a reason they are called “FGN Bond” not “Jonathan’s Bond” or “Buhari’s Bond”.

I like the bolded. It is the an important concept and is the reason why as soon as a financial institution starts having panic withdrawals then their end is imminent.
I have read and heard too many things that sometimes I am no longer able to separate fact from fiction but I do believe I have heard of a concept called paper money used in the context of creating wealth. Very complex phenomenon that I will not attempt to start explaining it.

GonFreecss1:


It’s in the fine print. Banking and even insurance companies all work on the principle that not everyone needs their money or will have a problem at the same time.

That is why you see things like withdrawal limits and transfer limits. This are things put in place to avoid problems. The more scarce the currency the more the restrictions. CC dollars and other FX currency limits.

Sholapey:
Thank you sir, about to stock up Zenith, Mtnn and Gtb. I'm still assessing my pick for the US stocks on Chaka.

Nice one

Am eyeing MTN plc

GonFreecss1:


What will make “Nigeria” start defaulting on bonds, then the next target will be Tbills, which if it happens I can guarantee your money in your bank account is also as good as not being able to be withdrawn.

All this fear will just make people not to invest, even the USA has massive debts. Better Economy? Still massive Gargantuan debts.

Does this mean people should rush and buy crypt0? Bt1c and the rest? Or Gold? And become speculators?

Don't compare USA economy with Nigeria o.
They can continue to print dollars to run their economy, Nigeria cannot print dollars to service her foreign denominated loans.

And talking about debt to GDP, that is not a good metric to measure debt sustainability.
Debt to revenue will be more appropriate. In q1 2020, Nigeria used about 99% of her revenue to service her debts. Q2 figures will likely be worse .Who does that and survive?

Sholapey:
Thanks for this information, I will look elsewhere then.

This is just allegation. ......

No need run away like that