emmanuelewumi:



They have no other choice than to sell, when the business starts making losses, instead of the children to get dividends from the business they will be asked to invest more money in order to recapitalize the business.

This I have seen many times and countless times especially kids that stay abroad

QuinModah:
How did you know this?

95% of people in their 80s are financially dependent on their children.

emmanuelewumi:



95% of people in their 80s are financially dependent on their children.

Lol! Where did you get this statistic?

QuinModah:
Lol! Where did you get this statistic?

I take my mum to the clinic regularly at LASUTH, thank God she invested well while working. I can't imagine the cost implications of her health care, drugs etc on my finances Most of her mates who frequent the clinic don't have that luxury, the struggling children are even fed up.

Most times she would ask me to use her funds to pay for some of these old people that have been abandoned by their children, at times doctors will even pay for their drugs.

Did experiment with fbn

speedyconnect3:
I decided to experiment with FBN Tbills. I noticed they deduct all funds then pay back interest. Unlike Access.

Please how was this interest arrived at?


I calculated and got 14,917.

But on this paper it's 14,596.

charges

Good evening. What's the best bank to buy T-bills?

Why

DaBogu:
He made the mistake of coming back, he should have just stayed in the UK.

QuinModah:
How did you know this?

It seems you're either not a Nigerian or you've been away for a long time.

Parents in Nigeria see their children as investments upon which they will rely in their old age.

You can argue that it's not the case in your own family, but you can't disprove the statement entirely.

sircatherine45:
Good evening. What's the best bank to buy T-bills?

Stanbic or First bank

mickky22:

Stanbic or First bank

Thanks a lot!

Another question: can T-bills be transferable to a third party?

sircatherine45:
Another question: can T-bills be transferable to a third party?

No.


Sell and give the proceeds to the third party

emmanuelewumi:


No.

Sell and give the proceeds to the third party

Thanks!

Lastly, where do I subscribe to latest and accurate "signals" or news on T-bills?

UbahTheBuilder:
Hi.

Is there anyone here with an active UBA DOMICILIARY Account?

I just want to enquire if there are any charges needed to open one? Also do they charge any interest or any other charges for dollar savings?

What is the dollar to naira exchange rate like for them?

I'll appreciate some answers �

me too

emmanuelewumi:



Most are cheap ie 150k and below per annum, payment is determined by revenue and allocating about 40% to 50% of the revenue to staff cost.

The man has almost 2000 students in his schools at an average fee 800k per annum

Now you are talking.

The teachers in my kids primary school are paid well and most of them have been there for close to 20 years. The school is not cheap. The owner has a primary school, a secondary school and a University.

NL1960:


Now you are talking.

The teachers in my kids primary school are paid well and most of them have been there for close to 20 years. The school is not cheap. The owner has a primary school, a secondary school and a University.

So you can't say workers are not well paid, most Nigerians are poor and can't afford to pay for premium services, therefore the workers will be poorly paid.

Most small business owners who render services allocate between 40% to 60% of their revenue to salaries and staff costs, 10% to 20% to rents, 10% to 20% to servings of debts or loan repayment, 10% to 15% to taxes, levies, dues, etc, 10% for depreciation and provision for asset replacement, about 5% to 15% of the revenue will be profit to the business owners

emmanuelewumi:


So you can't say workers are not well paid, most Nigerians are poor and can't afford to pay for premium services, therefore the workers will be poorly paid.

Most small business owners who render services allocate between 40% to 60% of their revenue to salaries and staff costs, 10% to 20% to rents, 10% to 20% to servings of debts or loan repayment, 10% to 15% to taxes, levies, dues, etc, 10% for depreciation and provision for asset replacement, about 5% to 15% of the revenue will be profit to the business owners

This is quite true. This also affects paying of rent by tenants. I have seen secondary schools where termly fees is between 20k-30k and even there are always defaults. The students have to be sent home when exams are coming. Sometimes parents do not prioritize education of their kids. A parent claiming no money to pay school fees will be buying an aso-ebi for wedding or burial for 10k.

Nice discussions...
Guys what's your definition of a good/quality school?
I know there are lots of private schools both old and new ones as well lots of missionary schools...

How could one ascertain a good school?
What are the factors to be considered or look out for?
Number of pupils in per class?
Certificate,qualification of the teachers?
Tuition fee?
School structures, massive compound?
School performance records?
Children of the elites attending the school?

Choosing a school for my lil daughter has become a great task besides I need to thoroughly research so that her siblings can follow suit when its time.

Will appreciate inputs from the experienced ones
Cheers

I was able to raise little change and I plan to maintain its value at least.
-I'm afraid to dabble into all this Agritech uncertainties.
-Thinking of purchasing a stable coin-usdt but the thought of hack reset my brain.
-Maintain a dorm acct but to purchase dollar no mk sense it's on high side.. returns if later sold is meagre.

NOTE- The capital is too little fo real estate.

Atleast I need something of 25% ROI within three months with my seed secured

Cc emmanuelewumi, others

yetunsbay:
I was able to raise little change and I plan to maintain its value at least.
-I'm afraid to dabble into all this Agritech uncertainties.
-Thinking of purchasing a stable coin-usdt but the thought of hack reset my brain.
-Maintain a dorm acct but to purchase dollar no mk sense it's on high side.. returns if later sold is meagre.

NOTE- The capital is too little fo real estate.

Atleast I need something of 25% ROI within three months with my seed secured

Cc emmanuelewumi, others

Good luck to you, 25% in 3 months and 100% in a year.


Go and do business if you want that type of returns, provided you are very knowledgeable about the business, you know the risks and you have a very good risk management strategy to mitigate losses

Good day everyone.

Currently reviewing offers from FBN Quest.

1. FBN Money Marker Fund - 9.34%

2. FBN Fixed Income Fund -11.46%

For clarity, any downsides to picking the Fixed Income Fund offer?.

emmanuelewumi:



So you can't say workers are not well paid, most Nigerians are poor and can't afford to pay for premium services, therefore the workers will be poorly paid.

Most small business owners who render services allocate between 40% to 60% of their revenue to salaries and staff costs, 10% to 20% to rents, 10% to 20% to servings of debts or loan repayment, 10% to 15% to taxes, levies, dues, etc, 10% for depreciation and provision for asset replacement, about 5% to 15% of the revenue will be profit to the business owners

So, how do dey break even?

jobark:
Good day everyone.

Currently reviewing offers from FBN Quest.

1. FBN Money Marker Fund - 9.34%

2. FBN Fixed Income Fund -11.46%

For clarity, any downsides to picking the Fixed Income Fund offer?.

No, holding period is 90days while the other is 30 days.

NL1960:


This is quite true. This also affects paying of rent by tenants. I have seen secondary schools where termly fees is between 20k-30k and even there are always defaults. The students have to be sent home when exams are coming. Sometimes parents do not prioritize education of their kids. A parent claiming no money to pay school fees will be buying an aso-ebi for wedding or burial for 10k.

This is typical with Nigerians

yetunsbay:
I was able to raise little change and I plan to maintain its value at least.
-I'm afraid to dabble into all this Agritech uncertainties.
-Thinking of purchasing a stable coin-usdt but the thought of hack reset my brain.
-Maintain a dorm acct but to purchase dollar no mk sense it's on high side.. returns if later sold is meagre.

NOTE- The capital is too little fo real estate.

Atleast I need something of 25% ROI within three months with my seed secured

Cc emmanuelewumi, others

Lol 25% in a month, clapp for yourself. Anyway join crypto or stock market there is a thread for it. All the best

oluwaleokey:
Nice discussions...
Guys what's your definition of a good/quality school?
I know there are lots of private schools both old and new ones as well lots of missionary schools...

How could one ascertain a good school?
What are the factors to be considered or look out for?
Number of pupils in per class?
Certificate,qualification of the teachers?
Tuition fee?
School structures, massive compound?
School performance records?
Children of the elites attending the school?

Choosing a school for my lil daughter has become a great task besides I need to thoroughly research so that her siblings can follow suit when its time.

Will appreciate inputs from the experienced ones
Cheers

Go to Instagram search for toddlerstree I don't have the recording and don't have time to list all she said on a radio program

They must not be more than 15 in a class

They Must have extra-curicular activities such as Inter house sport very complusory
How do they discipline the students?

Teachers must be at least BSc degree.

Also find out from the gate man, the teacher turnover, if it much, it ain't a good school. Don't forget to Roger him once he guves you the details

Check the toilets to see if it okay (ask the gate man you want to use the students rest room)

Do they do miracle center or student are allowed to use their own brain?

QuinModah:
So, how do dey break even?

Read, digest, understand and assimilate the breakdown of what I wrote, especially the last statement in the write up

QuinModah:
Lol 25% in a month, clapp for yourself. Anyway join crypto or stock market there is a thread for it. All the best

three months. It exists thou if you can bear the risk

What kind of risk? Is your capital safe while bearing this risk? If your answer is no then run.

yetunsbay:
three months. It exists thou if you can bear the risk

yetunsbay:
three months. It exists thou if you can bear the risk

Either the fund is not substantial, you didn't sweat/work hard to get the fund or you don't understand how sustainable money making works.