₦airaland Forum

abiodunbright:
Says who MR man, I am not running a charity organization for a phone here so if you need 20k phone kindly buy yourself a Samsung s3. The last price is 35k.

this is purely an offer and agreement stuff, if its not going for that price it doesn't warrant insult Woman. u r overating a phone with android 4.4, u need to know whatsup when it comes to technology.

well done oga engr.
my tiger generator has refused to start. I bought new starting coil nd yet its not start up.kindly respond asap

d android version is too low nd it will not perform many task. 20k make I buy am

am a serious buyer, 15k make I pay?

Bluecollarguy:
LEAVE YOUR N10m IN YOUR SAVINGS ACCOUNT OR INVEST IT IN TREASURY BILL

CASE STUDY:

My people, I know this case has been analyzed severally by the gurus in the house, but I post this to remind those who already know and also to encourage the ones willing to learn what treasury bill, in essence, is really all about as well as how it differs from the money sitting in your savings account. Below is a practical example.

N10m IN YOUR SAVINGS ACCOUNT:
I have N10m(principle) to invest. If I leave the money in my GTB savings account(which I used to do), GTB would apply 0.3% to my N10m to determine my monthly gain,ROI, interest earned or interest capitalised. So, 0.3% of N10m = N30K monthly....N30K x 12 months = N360K yearly. As long as your principle and interest rate from GTB remain constant for the year, you'll receive N360K from GTB on top of your N10m. Therefore, your income statement on Jan. 1 will show that you're worth N10,360,000

N10m IN TREASURY BILL:
We all remember the formula for simple interest, right? Simple interest(I) = Principle(p)xRate(R)xTime(T) OR I= P × R/100 ×T/364
Tenure options: 91 days, 182 days and 364 days. Assumed Rate and principle are 14% and N10m, respectively.

91 DAYS: I= N10m × 14/100 ×91/364, your automatic interest(ROI) = N350K(if you choose 3 Months)

182 DAYS: I= N10m × 14/100 ×182/364, your automatic interest(ROI) = N700K(if you choose 6 months)

364 DAYS: I= N10m × 14/100 ×364/364, your automatic interest(ROI) = N1,400,000(if you choose 1 year)

From above, your ROI from Tbill in 3 months is almost the same as your ROI from your savings account in 12 months. In fact, your ROI will be higher if interest rate from Tbill is greater than 14%.

BOTTOM LINE: Would you rather leave your N10m in the savings account for ONE YEAR and make extra N360K OR Invest your N10m in Tbill
for ONE YEAR and make extra N1,400,000 on top of your invested capital? The choice is yours...

PLS NOTE: Consider principle and interest rate used above as random numbers, however calculations are 99.9% accurate. You may verify!

good job fellow investors, pls also help analyze a scenario where d same 10million is invested in mmf for a year.what's going to be the difference between a year tbills & a year mmf yield. ?
thanks in anticipation

Due to my refusal to move my funds from stanbic to gtb, I lost 25k dfren btwin gt & stanbic rate. we meet feb next year by his grace.

gud day great investors in the house,
please I urgently need an advice on which type of mutual funds to subscribe to dats risk free nd the yield will ok to some extent. also I need a comprehensive tutelage on mutual funds . all the dos nd don't including how an existing account holder can switch to mutual funds without delay.
thanks

MrHighSea:
Appr. N650-750 goin by 13-14%

thanks

good day house,
if I invest 70k in stanbic mutual fund today, what may likely be my interest in the next 30days. ?
thanks

Good day house,
I pray all our desire will be granted by his Grace. pls wots d cost of dis express Canadian visa including fight nd all initial arraignment.
thanks

eghos24:
Do you have account with both banks

yes sure

skyangel:
Thanks for this update. Thank God i didn't go to Stanbic today.

Gtb got sweet rates today

84 days 10.85%
175 days 13%
357 days 14.75%

if av seeing this av would have port to gtbank instead of stanbic though 4k.5 dfrent.
thanks

CompareDBest:
We admire your analysis sir/ma! Can you give specifics regarding your Access pre-liquidation so we have a better real life example for reference?

There is 5% VAT on some/all fees depending on the bank and market you buy tbills from (not on the upfront interest itself). However, even if we assume this applied and his Rediscount Rate was the 11% common in FirstBank’s secondary market at the time, it still does not add up to 11k. We agree with your assessment; note also we believe the 25% penal charge probably comes from Fixed Deposit early termination treatment, which is 20% forfeiture of interest earned for FirstBank.

We gave the example on that link not for the specifics, but because it states with the clearest evidence yet that you can lose part of your capital. If it helps, we have asked most commercial banks too and they echo that truth, in their own words, clear as day, black and white.

dre is nothing like 5% vat on tb investment either prymary or secondary market, also no 25% penal charges whatsoever on earlier liquidation. your analysis above only applicable to fixed deposit investment. dey might av played a fast one on u guys. confirm if truly your investment is a tb nd not fd. what's applicable on tb is safekeep fees which is 0.05% or 0.1% and #300 as processing fees depending on your bank. on the other side, if u r liquidating your tb earlier b4 maturity, u will be charged only #300 and ur rediscounted rate to be minus from ur face value.

thanks

kingMuski:
I am confused,if I invest 7million on 91 days tenor at 10.5rate....how will that be calculated?

your upfront interest is =#183,246

good day house, pls how much does stanbic charge on liquidation of treasury bills as a penal charges?

Agbeni33:
please i need explanation on this issue.

I went to stanbic bank last week(12 /02/2019) for last week auction. i filled the form and it was submitted. the lady said are should come back on the 13th which is the real day for the auction to know the rate at which the TB will be bought.when i got there she told me that she bought the TB from the primary market that i will receive email and debit alert message. since then i didn't see any email message nor debit alert. to my greatest surprise someone else paid money into my account and i discovered that the money i recommended for the TB as been deducted without debit message and email message. my question is, does that mean that my bid as been successful? if yes, why is there no any evidence? the lady attended to me said are should be expecting message since last week. please what is the solution?

from experience, there should be alert on every bank transactions either tb or not. u need to visit d bank nd demand some explanation s

skyangel:
For the secondary, i invested just 600k, @14.2% for 356days. From the e'certificate mailed me, i'll be getting 696k at maturity. Note that some change of less than 500 naira was returned to my acct.

For primary, the interest was paid upfront, the rate was about 14.854% (from my calculations) for 364 days

Hope my explanation is clear

sure, thanks

skyangel:
Since i've gained a whole lot of knowledge from this very thread, i equally want to give a little contribution based on recent experience with stanbic.
I submitted 2 forms to purchase tbills from both secondary mkt & primary (last auction), i gave instruction that both interest be reinvested, though no space in their form to fill in that.. Just told the banker who used biro to note it on the two forms.
Result i got.: The interest was reinvested for the secondary while that of primary was left smiling in my account.
Was i disappointed? YES
My conclusion based on the above, Stanbic can reinvest interest only if it's secondary & not primary auction

Any one with contrary experience fron stanbic may share

kudos madam, kindly buttress ur clue with figures. for instance, u invest 1million naira @15% pa. nd u invest both upfront interest along in d deal, how much will ur cumulative investment yield be @ maturity?

good day great investors,
pls how long does it take to liquidate a treasure Bill with stanbic bank nd who can predict Monday's secondary market stop rate?
thanks in anticipation.

aremso:
Pls ma you can mail me on arem.sam@gmail.com so I can send some materials to you for you to study as guide. I don't tell people stocks to buy except my households so I want u to do it yourself. Since my experience of 2008 market crashed, I have told myself that I can't make loss again in capital market and as such, I went extra mile to read about stock investment. Even my broker can't tell me stocks to buy and time to buy it. I only discuss with him occasionally to sample his mind on a stock after I have done my due diligence. Before I could buy diff stocks like 10 companies but now just max of 4 and am OK for my yr target and am thinking of reducing it to just 2. These are the result of self research and due diligence. Get prepared and become great like my mentor Warren buffet, many will keep complaining about APC PDP while guys are making millions legitimately. See you in the board room!

pls I also need d material- akerewe@gmail.com

good day naira pple,
can anybody describe where I can get dis type of materials in Lagos market. it may be either the sew one or the materials par yard. senators native dress type. the picture attached below.
thanks in anticipation

Pearlluv101:
Newly opened bales containing chiffon shirts and tops, sleeves, gowns and also cotton inclusive for both men and women. If you are interested in changing your wardrope or want to pick for your boutique inbox me or call on 08032490746. You can also locate me @rumuola.

lets see some picture pls

kingolovich:
Good evening bro. Paying through remote is not as hard as u think, there are options for u to use like, internet banking(ur mobile banking application ), ur card(thats your ATM card), page, banking code(can't remember how its put). I always prefer to use the ATM card, its faster to me. Sorry for replying late, i believe you must have done it by now, nonetheless, if u haven't, here it is

ok thanks, av done it

if its truly new and working as described, collect 30k and lets make a deal

good day House, pls kindly put me through on how to use REMITA for payment on gtbank website as instructed. av bn avin nightmares paying through REMITA for urgent payment. if its available on gtbank internet banking platform kindly put me through as all my efforts to use REMITA proof abortive.
thanks in anticipation.

opewella:
i could not download any of the documents.

WHAT CAN I DO TO DOWNLOAD, BOTH THE SEARCH APPROVAL NOTICE AND THE FORM AFTER PAYMENT OF 5K FOR THE CAC REGISTRATIONS

good day chairman, pls kindly put me through on how to use REMITA for payment on C.A.C website as instructed. av bn avin nightmares paying through REMITA for name reservation. if its available on gtbank internet banking platform kindly put me through as all my efforts to use REMITA proof abortive.
thanks in anticipation

veneza:
Yes I am a married lady in my early 30, also a child from God .During the cause of building a personal house I notice that people spend more than triple in the cause of building a house most especially ones this builders and so called contractors see that you are a novice in this field.
I was able to complete a self contain with just 900k and mini flat and others for cheaper amount .with all settlement from the area and community chairman and all that. I notice this builders charges according to level of client(if they now you are well to do,they embezzle you real good)and also if you got no knowledge about building.
Am not here to scam anyone,ever since then I have ask rich folks to stay behind while I handle their building projects and they also watch from afar. I have been doing great in this work.
I got workers in all field but you can also direct me to any reliable ones that you have in mind if need be while I do a better bargaining for you, and i also supervise the work.
We also mould blocks at discounted prices, for further questions relating to buildings please WhatsApp me +2349032289two zero five.

kudos madam, how many blocks will complete a 3 bedrooms flat nd d total cost excluding land charges.
thanks

JohnnyNY:
Clean and neat without any problems, comes with its charger. 4GB RAM, 500GB ROM, 2.15ghz runs smoothly on windows 10 with Webcam and the battery last for 4 hours. Location: Abeokuta
Price : 58k. Whatsapp 08168478017

last price

JohnnyNY:
Clean and neat without any problems, comes with its charger. 4GB RAM, 500GB ROM, 2.15ghz runs smoothly on windows 10 with Webcam and the battery last for 4 hours. Location: Abeokuta
Price : 58k. Whatsapp 08168478017

lasr price

pls I need d format

good day house, has anyone in d house got invitation for d post of STOCK CONTROLLER in d ongoing dangote refinery?