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Investment / Re: Treasury Bills In Nigeria by battleaxe: 6:18pm On May 31, 2020 |
olujaidi: Thanks for your response. Please see the first link on differences btw Sukuk and regular bonds I googled(See section on repurchasing at maturity), the second link to the prospectus of the 2017 Sukuk, page 10/11- Limited Recourse. https://www.dummies.com/personal-finance/islamic-finance/how-sukuk-islamic-bonds-differ-from-conventional-bonds/ https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.fmdqgroup.com/wp-content/uploads/2018/02/FGN-Sukuk_Prospectus-Execution-version_051017.pdf&ved=2ahUKEwjE-umuzd7pAhX9BGMBHRMQAaMQFjAAegQIAhAB&usg=AOvVaw3Sdg6eeB8Du36aaML_NooZ |
Investment / Re: Treasury Bills In Nigeria by battleaxe: 9:44pm On May 30, 2020 |
@House, good evening. I have been reading on the differences between a Sukuk bond and a regular bond. One of the things that jumped at me was the possibility that if you hold till term, you may not necessarily have your full face value investment back due to the valuation of the asset at that future time e.g. 2027 in this case. This is very different from the regular FGN bonds where my full face value is repaid on expiration of the Bond. I've read the propectus for the first FGN Sukuk which I could find online and it seems to lend credence to this thesis. Can anyone pls help correborate this? Or I am mis interpreting the information? Thank you. |
Family / Re: "My Husband's Pride Wants To Ruin Our Home" The True Story by battleaxe: 11:55am On Jul 21, 2018 |
Acidosis: Irrespective of what has happened, a responsible married man and father should not be telling his wife to get out of the house. 1 Like |
Investment / Re: Treasury Bills In Nigeria by battleaxe: 7:47pm On Jun 27, 2018 |
Ugosample: I am still not clear as to why your friends lost money. 100k$ in 2014 would have been about 20m. With compounding over the last 4 years, that should have increased to about 34m to 40m using the range of interest rates we have had over the last 4 years. At a worst case, I would think they would have their 100k back. Yes, still less than what it could have become even at the 2 to 3% rates in your US, but not a loss. Could you shed some light on how the value dropped to 50k? Unless they just kept it without investing or applying compounded interest? 4 Likes |
Politics / Re: 'We Are Not Lazy,' Nigerian Youths Slam President Buhari On Social Media - CNN by battleaxe: 9:19am On Apr 21, 2018 |
Jones4190: Let's assume that your quotes and statistics are correct, does being illiterate also automatically confer on one the qualifier if being lazy? That one is illiterate does not necessarily mean he/she is lazy- several circumstances could have led to his/her illiteracy. |
Romance / Re: DJ Bullet Ugwumgbor Emmanuel Is Dead, Electrocuted In Delta (Photos) by battleaxe: 1:56am On Apr 16, 2018 |
geunik: What kind of ignorance is this? I hope nobody is really taking this as advice. |
Politics / Re: N23b Oshodi Transport Hub VS N19b Uyo Stadium - Which White Elephant Is Whiter? by battleaxe: 8:14am On Apr 05, 2018 |
kokomaster3d: Uncle!! Really? I wouldn't want to enter a building of that magnitude if it did actually cost 35m.... some serious corners would have been cut somewhere. Depending on what article you reference, the Burj is quoted as haven costed between 650m to 1 billion......dollars! 6 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by battleaxe: 7:31pm On Mar 13, 2018 |
I think this issue has been flogged enough. I have had another look at realdeji's post on this from 1st Nov and indeed I tend to agree that the states terms are NOT for TBills. If you look closely, it makes mention of WHT which is never charged on TBills. Also the 25% penalty is on EARNED interest. Penalties are typical for most investementa and it is always on earned interest not on total interest I.e only for the period under review prior to early liquidation. We've all learnt a lot from each other over the years, let's keep it that way please. Cheers! 3 Likes |
Celebrities / Re: Mo Abudu Celebrates Her Driver Of 20 Years (Photos) by battleaxe: 8:30pm On Dec 12, 2017 |
What is wrong in him being a driver if that is what he has chosen to? 3 Likes |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 5:39pm On Aug 04, 2017 |
Oshomo12: Thanks @Oshomo.... So I thought it should be, with DC breakers but I'm seeing some abracadabra. Others in the house, abeg your kind thoughts. |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 1:47pm On Aug 04, 2017 |
@house, Is it typical that when a battery is being charged and reads say 27V, for this to fall abruptly to say 22 or 23V once the source of power is gone? Also, is it typical to loop two separate solar arrays together and terminate just one cable instead of two for both arrays on the breaker? I have my thoughts on these but looking for individual experiences on this. Thanks house. |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 6:06am On Aug 02, 2017 |
Pls, any experienced installers familiar with hybrid inverters in the house?? Thanks. |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 5:06am On Jul 31, 2017 |
My good people, anyone willing to share their PV generation in the last few weeks since the rains started? I am getting just about 30% of installed capacity at peak which gives me some concern. Most times, a miserly 10-15%... and it's not raining! Thanks o! |
Properties / Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by battleaxe: 8:48am On Jul 26, 2017 |
Daboomb: Uncle....... Biko, any other known solutions in the house? Thanks. |
Celebrities / Re: Stella Damasus: Getting Married 3 Times Was Worth It by battleaxe: 3:09pm On Jul 25, 2017 |
Sanchez01: Exactly my thoughts!..... unless there was something amiss in the union that was not visible prior to his death. |
Properties / Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by battleaxe: 5:01am On Jul 25, 2017 |
@house Please, what is the easiest/best way to get rid of algae growth/deposits on interlocking stones/floors? Something that preferably will last for some time before re-application again. Thanks o! |
Investment / Re: Treasury Bills In Nigeria by battleaxe: 8:10am On Jul 20, 2017 |
Amypriti: Note that the quoted 5% is still per annum...... It doesn't mean you will get back 5% of your principal after 30 days! |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 9:54am On Jul 17, 2017 |
pranil: Is the 400Ah stated in this formula at any particular voltage? 24V or 48V?? Thanks. |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 7:40pm On Jul 03, 2017 |
@pranil Please, I need your help. Where did you buy your Hyundai generator? Looking to buy same type you've shown in your photos here. Please let me know when you're chanced. Thanks. |
Investment / Re: Treasury Bills In Nigeria by battleaxe: 11:43am On Jul 03, 2017 |
ihedioramma: If One million @ 18% for 10 years = 5.23M, its unlikely that One million @15% for same 10 years will be 8.25M.. The calculator is actually quite easy to use if indeed the figures as shown on the print screens by Chuks are keyed in; and changed to suit your desired tenor, rate and principal..... Try it! |
Properties / Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by battleaxe: 10:10am On Jul 03, 2017 |
@House... Please, has anyone purchased a Hyundai generator of late and has a contact to share? I am looking for sound-proof options for this or similar generators based on your experiences. Thanks. |
Technology Market / Re: Professor On Any Type Of Generator. by battleaxe: 10:04am On Jul 03, 2017 |
enochogaga: Uncle... anyone! If you get contact, pls share. I will make enquiries of what is available then. 1 Like 1 Share |
Technology Market / Re: Professor On Any Type Of Generator. by battleaxe: 12:50pm On Jul 01, 2017 |
enochogaga: Bros, no problem... looking for the sound proof options. Appreciate if you can share the contact here. Thanks. |
Technology Market / Re: Professor On Any Type Of Generator. by battleaxe: 3:58pm On Jun 30, 2017 |
@house Does anyone please have a contact to buy Hyundai generators? Preferably in Lagos? Thanks. |
Education / Re: Baby Delivered In Moremi Hall Toilet, OAU Clocks Four Today by battleaxe: 10:58am On Jun 20, 2017 |
Kingxway: Can you please reference one "developed" country that has done this in the past? I am eager to learn about how we can improve. 3 Likes |
Education / Re: Alexandria Braie Is Babcock University Best Graduating Student (Photos) by battleaxe: 10:46am On Jun 15, 2017 |
lordhugo: It doesn't count in the CGPA.... It counts in the award of the best graduating student! |
Celebrities / Re: Michelle, Mercy Aigbe's Daughter Speaks On Cyber Bullying by battleaxe: 9:26am On May 31, 2017 |
For anyone who didn't know the meaning of cyber-bullying, all the above are prime examples. Even though we hardly acknowledge it exists in Nigeria along with its attendant repercussions, I have not seen a better example of extreme bullying as on the pages on our forums. 1 Like |
Celebrities / Re: Fans Blast Mercy Aigbe For Her Swimsuit Photos by battleaxe: 4:02am On May 31, 2017 |
belindar: Uncle/Aunty Belindar, How does her photo prove you right or wrong? So if we get you right, victims of domestic violence should abide within the confines of their aggressors or even if not, wait maybe 6 months to 1 year after the violence to do anything they consider fun. Is this about right? 2 Likes |
Autos / Re: Urgent Sales*** Super Clean Duty Paid Lagos Clear Toks 2006 Honda For Sale by battleaxe: 6:34pm On May 28, 2017 |
Any exterior photos available? |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 9:15am On May 24, 2017 |
@pranil, thanks for modifying an earlier note you wrote. Was easier to grasp afterwards. Will the below work? |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 1:38pm On May 23, 2017 |
earthrealm: @pranil has 4 units and he just posted his consumption a few posts above. His feedback corresponds with what I see on most faceless forums like these where people share their experiences. I believe the figures. |
Satellite TV Technology / Re: Solar Energy, A Complement To FTA by battleaxe: 1:17pm On May 23, 2017 |
Hi Pranil, Curious as to how you sized your fuses between your batteries and inverter. I thought with 8 nos. of 200Ah, 12V batteries, making a 48V, 400Ah battery bank, that you would need a bigger fuse? Also, there are several schools of thought on having a fuse on the negative. I notice you have a fuse though halved. May I ask why? @Barezzi Max PV Array Open Circuit Voltage for the 5kVA is I think 145V DC. |
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