₦airaland Forum

Seun:
What about all the genocide the Bible says he perpetrated and murder of innocent women, babies, slaves, and livestock? That's no ill?

Put the Bible reference, let me give you the clarification, else, you'd be guilty of posting false info on NL.

Ifelove1:
I would be going to the bank tomorrow to purchase T-bills. Do you think that a bid of 13% will be successful based on recent rates?

Will you be bidding tomorrow? No you won't.

The available rates will be shown to you, 13% may be hard to come by, but you should get above 12.5% for tenors above 180days sir.

obisco4u:
I very much believe that what christians refer to as "End Time" is not related to Amagedon but a time when many will realise that they are being deceived by religion and faith. Many will break free from this deception and become free thinkers.

Keep hoping in vain. If your conscience condemns you so bad as to be wishing others join you in your atheism, why not give it up.

You sound so much like a friend saying about his other friends who saves "he will soon spend it"

come on.

Obainoneandonly:
op u are very confused. you started by championing the cause of atheist, but ended up preaching the Gospel. which country are you fighting for

Read his post more carefully. He didn't champion any atheism cause. He only mentioned that he once reasoned like you atheists, but now he knows better.

purem:
This is one of the most senseless post have ever seen in long time

This confused OP is just beating around the bush

Please take a sec and ask yourself is there any logical fact on this poo you posted up there?

Did he force you to read it?

chukzyfcbb:
true but about 3yrs ago when I made research on Ghana's Tbills I discovered that it wasn't open to foreigners. I don't know if that policy has been changed now.

I think Kenya's too is that way. Not open to foreigners. The subscription rates for bills is often low, yet discounts are high with their currency being among the best in Africa.

BENARI:
Due to the dwindling rates both in TB and Money market funds in nigeria recently, am considering investing in the treasury bills or Money market funds of other African countries that offer better returns in terms of rate. Has anyone tried that before; and what countries do we know that offers better rates other than Ghana?

pls share any knowledge you might have on how to go about this and potential ups and downs.

One sure thing to watch out for is the currency volatility.

For instance, 1 cedi is currently about #80.

So if you take 8m to Ghana to buy their bills at 20% yield, your capital would be 100,000 cedis, which amounts to 120,000 after a year.

However, if after that 1 year, the exchange rate has become #60 to 1 cedi, you'll be coming back with 7.2m versus 9.2m that you would have made if you stuck with our own 15% yield.

However, if you're sure this exchange rate risk isn't very likely, I think you can approach Ecobank. Since they are pan African, they should be licensed to trade Ghanian T-bills.

The naira/cedi rate seems to have been relatively stable though over the past year, and the little volatility seems to be in favour of the cedi. Should the trend continue, then it'll be a smart move.

Jejebaba:
. I will send mail to Veritas first thing on Monday morning for the over-payment of the dividends. It looks like they did not deduct some of the shares i sold before qualification date.

settlement is T+3 days. Did you sell as early as 3 days before qualification?

eezeribe:
OK,but if you finally decide to close your MMF account after a period of time(example 3 years) and ask for final withdrawal(including original principal and all income accrued), will the WHT still be deducted?

Not sure, but I don't think so.

RealityShot:
10% per year is too small Naa!
But they loss 100% in 7days!

Greedy Nigerians.

I put 50k in the stock market in January.. Now it's 45k
I also put 50k in money market fund same January.. Now it's 53k

I wish I had put the 100k in tbills.. I would be rocking 15% profit or put it in mutual funds where it would have grown since January...

Am wiser... But I want to learn stock Shaa... it's safer than these HYIP schemes

In my opinion, the stock market has its seasons. When the time is right, it won't be too difficult to get it right. For instance, Almost everyone who bought stocks in April last year, and sold off last January made significant gains, without much regards to the particular stocks they bought.

eezeribe:
I thought that income accrued from MMF and other mutual funds isn't subject to withholding tax...

I used to think so too, but apparently Stanbic applies WHT on the MMF incomes before they credit it to you at the end of the quarter. The only way around this is to choose to reinvest the interest. Since I learnt this from them last year, I have opted to have my interest reinvested, then if I need cash I can simply redeem a portion of the investment without any tax burden whatsoever.

So FANG is a stock that sells for #50 a unit, with 1 million, you'll load about 20,000 units. Dividend of #4 per unit is declared. You decide to wait till markdown to sell, so you can qualify. Sales proceeds after markdown becomes 20,000*46 = 920,000
Dividend proceeds = 20,000*4*0.9= 72,000

New capital = 992,000

If you decide to wait till prices recover from markdown, you won't get to take positions in other stocks for their dividends, so you sell off ASAP.


Now, prices haven't started down trending yet, but the direction your portfolio is headed is pretty obvious.

Price markdown is the bane of the strategy.

A better strategy in my opinion is to sell a stock before markdown and repurchase it afterwards. That'll give you a little more than taking dividends, as it eliminates the WHT deduction.

zamirikpo:

U cracked me up real good. Boys coding things..... .

It appears the declining rates made you stay back from us temporarily. Thanks for showing up today sir.

stanleyuzoh022:
Good evening investors,

My friend just bought treasury bill worth 6.5M
for 93 days as indicated in the mail from the bank. He got debit of 6,317,821.92 from his Diamond Bank account.

Please, how many % was he given?
How much does he receive upon maturity?

I n my friend don’t know much about it as he was guided by someone, so i need a clarification because i am interested.

Thanks and God bless.

Let me first ask, how come when a friend invests, it's not that friend that comes to ask questions about the investment, but rather the friend's friend. It makes me think sometimes that perhaps the friend's friend is the friend himself.

Any ways, using r= 100I/PT.
r=(100*182178.08*365)/(6500000*93)
r=11%

Friend's bills were discounted at 11%. True yield is 11.32%

eniorisha:
Hello, good people, my fbn TB alert will drop on fri 13th. i'm a prospectv corp member going to camp on next thus 19th. i want to lock my fund in tb pry mkt(fbn) for d next 365 days. if i apply today or tomorrow, will it be completed b4 d 19th?

Are you certain, the bills will mature on Friday 13th? Cos the next date for NTB maturity is Thursday 19th. If however what you said is true, perhaps you were sold OMO bills rather than NT bills.

In that case, the earliest time you can reinvest is that same Friday 13th in the secondary market. But it's very unlikely for you to get 364 days. Given that bills from the last auction will have run for 8 days by that time, the longest tenor that'll be available to you should be 356days. However, you may want to wait till Monday 16th, as it has been said here that FBN tends to offer juicy rates on Monday mornings.

If you choose to wait for the next primary market auction then submit your bid for the 18th April auction by Monday 16th, or if possible by Friday 13th when your funds reach you.

wanaj0:
OR maybe the competition in the flour business is more and DF is not the market leader unlike in the Sugar and Cement business where you have few players and the Dangote companies are the market leaders.

Sir,
You really don't seem to be a big fan of Alhaji.

Even his refinery doesn't seem to impress you.

What I think is, with or without shortcomings, the guy's still a good deal overall. From employment generation to driving import substitution, I think he's just alright.

let me help you:

hopefulLandlord:
You first quoted Gerrard59 when he said the part about prayer developing US is false! the. supported that assertion by referring you to countries that aren't known for being Christians at all

Gerrard59 is challenging the claim when you ran in and started asserting that some people in those countries might've prayed, I followed the discussion even before then

Hint: Even Asuustrike2009 that made that claim refused to back it up when challenged, I've asked for citations 2 times now and he's dodged them each time


Again, I still assert asking about other instances when an untestable, unsupported and unfalsifiable claim is made makes sense

I think I'm done here as your comprehension level is too low and its starting to make you look worse than you already are

Gerrard59:
False. Prayer doesn't develop a country. If prayers was the reason behind the US development. What about Germany, Japan, Singapore, South Korea, UAE, Bahrain, Canada etc?

@Post, I love the way majority of the posters on this thread responded. Things need to be set right. How can evil spirits be behind the crises in the country?

awesomeJ:
He didn't say "prayers develop all nations"

He said "prayers developed the US"

so bringing an argument about some countries that were developed without prayers doesn't form a suitable counterargument.

He didn't say nations couldn't develop without prayers.

By the way you can't be so sure that all those countries actually developed without prayers. Because just for the sake of one man out of the millions in a nation, God can decide to bless the entire nation. So there may have been one, two, or a few persons in those nations whose prayers had significant effects on the nations' prosperity.

Egypt rescued the world of famine at the time, how many of them prayed. Maybe just Joseph and a few others, and certainly the prayers were what gave the wisdom as regards how they could cope with the situation.

Reconcile the posts to find your faults.

hopefulLandlord:
I'm challenging that claim, that's what brought this argument in the first place

Even an infant would know this

You're frustrated.
Go back to where I first quoted the guy, I am not making the argument. Read where you first quoted me too. He made a silly counterargument, that's all.

Relax.

If you think I'm going in circles, why not mention just one thing you've stated that I haven't addressed? just one.

hopefulLandlord:
"Prayers fixed US" is a claim, can you defend this claim or you're just spilling bull?

You keep dragging the discussion back

You know what I think?
A secondary school kid would even do much better is handling arguments.

For the last time: The point is not the argument! Sink that now, would you?

hopefulLandlord:
Then your analogy does NOT represent your Stance, you're shooting yourself in the foot here

not getting lazy would be you getting the medical care and still praying but praying without medical care would be analogous to your being lazy

I hope your brain is developed enough to comprehend this

You're making a foolish argument.

Saying not being lazy implies getting medical attention is as foolish as saying eating implies consuming rice.

couldn't you come out of your shallow thoughts?

hopefulLandlord:
Again, you still can't understand transportation methods can be demonstrated to have gotten people there so in that situation asking about dad would be stupid

But in case of untestable and unverifiable claim like "Prayer is responsible for US development" its sensible to ask about other countries as a way to scrutinise the claim about US

Now this is the part that's taking too long for your brain to get. Gerrard59 is asking that question in an attempt to make his own claim. If you really can't make such a claim about other developed countries then we can progress from there by asking if there's something that cuts across all developed countries which we can now scrutinise of they are responsible for development

Which is why in my analogy medical care was common among the three of us but prayer wasn't so we can scrutinise if medical care does work as cure for certain sicknesses

You're saying what doesn't follow.

The transportation analogy is the perfect form of the argument the guy made. The fault in it is what's to be corrected. There's no need asking for any demonstration of the effectiveness of prayers as I am not even making that argument with you.

Once again, this is the fault in your reasoning:

"prayers fixed US" it makes no sense to question the authenticity of that by saying "but prayers didn't fix Singapore"

hopefulLandlord:
I gave the analogy NOT you and you did seek medical attention

if we even go with your analogy it won't work in the US case! Why? even if some prayed I'm sure they worked hard and long for the development. They didn't just pray and folded their arms while watching things fall apart around them


I ask again, IS THERE ANYONE THAT CAN DEMONSTRATE PRAYER WAS RESPONSIBLE FOR US DEVELOPMENT?

You gave a funny analogy that didn't convey my stance.
So, you'd have to go with my own analogy as that's the one that accurately represents my stance.

Do Christians tell you that our idea of prayers is to just talk and get lazy? Most answers to prayers come as wisdom that we receive to guide our actions.

By the way I am not making an argument on whether or not prayers brought the US' development. Like I said, it was the fault in your arguments that I pointed out.

hopefulLandlord:
its a sensible question to ask as "prayer was responsible for US development" is an untestable and unverifiable assertion. In such situations one needs to think outside it and observe other instances.

I still ask again, Can you demonstrate prayer is responsible for US development? If you can't then why make an assertion you can't even demonstrate? and why speculate when given other examples that some people must've prayed too in those countries?

It's definitely isn't sensible.

If someone says "I got to Abuja by flight"
The sensible way to question that is " What's the proof?"
Not saying "But my Dad didn't get to Abuja by flight now"

If Saying "But my dad didn't..." makes for an intelligent questioning of the argument to you, then your level of intelligence is obvious-still pretty low.

hopefulLandlord:
Again you lack basic comprehension

In the analogy we all sought medical attention but you prayed on top of it while we didn't!
anyone with basic comprehension would've inferred that from the analogy but you apparently lack it

Again I ask, can you demonstrate prayer was responsible for US development?

Is it your brain or your eyes that are blind or shut?

Did you not read where I said I didn't seek medical attention?

You see why your arguments are all silly now, cos you can't even comprehend things that are obviously written let alone those that are implied. Why not just save yourself this public display of ...

Gerrard59:
Sorry, but this ends it. Instead of a nation's leaders to diversify the economy from oil, we get folks praying for OPEC and Russia to decrease output. Even when both nations had issues with their revenues' target and had no option than to cooperate. So what about when oil gets her value and demand reduced? Pray against electric vehicles?

Additionally, a weak not strong naira helps Nigeria. Only happens when the country gets to export more Nigerian-made goods, and can only happen when there is constant power supply.

Developing a country is easy esp in a century where information is at the click of the hand. We've been praying since, no change! I have nothing against prayers, but saying it aids in the development a country is false.

It was nice discussing with you.

What are you saying now?

First the instance I gave of praying was to demonstrate to you that even though you think that prayer wasn't involved in a nation's turnaround, there could have been someone somewhere unknown whose prayers had significance in bringing about those turnarounds.


By the way, when most of your finished goods and raw materials are imported, what benefits your economy is a strong currency. countries only want weak currencies when they majorly export.
You don't need a Ph.D in economics to understand now, it's common sense. Ask importers and manufacturers, they'll enlighten you.

hopefulLandlord:
Again, Gerrard59 is questioning the conclusion that prayer was responsible for US development. he's not in anyway accepting it

I ask again, can you demonstrate prayer was responsible for US development without committing fallacies along the way? fools like you make conclusions out of speculation then drown people with nonsensical inanities when those speculations are challenged which is why Gerrard59 probably just left you alone as you are not only finding it impossible to make sense, you also sound like you're incapable of making sense

You're just making unnecessary emphasis.

The point is not to prove whether or not prayers brought the US' development.

What I pointed out to the guy and to you as well, is the fault in his counterargument of asking "how about....?"

hopefulLandlord:
Rubbish! I'm sure even Gerrard59 is tired of all these bags of air you keep pulling lmao!

The gross falsity is your thinking your prayer was responsible for it. You can't think properly to even question if your prayer was actually useless and that's because you moved from conclusion to premise

Now when presented with other countries your sense suddenly went on overdrive and claimed one CAN'T prove nobody prayed but your sense didn't take a moment to question whether prayer played any part in US development or not. You refuse to see this puts into question your conclusions

1. AwesomeJ is sick, he prays and he gets well

2. HopefulLandlord and Gerrard59 are sick, they didn't pray but they got well regardless

Awesomej: My prayer was responsible for my cure, without the prayer I would've died

HopefulLandlord: I and Gerrard59 had the same sickness and we didn't pray but we got well anyways. Maybe prayer wasn't really responsible for your getting well too?

AwesomeJ: You CAN'T prove somebody somewhere didn't pray for you to get well, their prayer is responsible for your getting well

HopefulLandlord: WTF! Why not consider that maybe the medical care we received would've been enough regardless? isn't it a reach to start claiming some prayer you have no idea about is responsible for our own cure? aren't you just making wild speculation in order to make your prayer theory as untestable and unfalsifiable as you can?

AwesomeJ: You can't prove nobody prayed for you guys

I can "hear" hotness in your tone. Relax, and reason calmly.

We were both sick.

The ailments we came down with couldn't have gone from our bodies naturally, without any efforts, we would have died. Let's say it's a very terrible one
The ailments we came down with couldn't have gone from our bodies naturally, without any efforts, we would have died. Let's say it's a very terrible one.

Yousought medical attention, you got well.
I didn't seek medical attention, I rather prayed and I got well.

Doesn't common sense tell you that it was my prayer that wrought my healing? and whether or not you prayed for your own healing, wouldn't it be stupid to think that my prayers weren't responsible because it wasn't what worked your own healing?

Come on.

Gerrard59:

I should dig into Singapore's and Japan's history?
Something that I do for a living

You see how he wrongly comprehends?
And you'll be claiming intelligence o.

hopefulLandlord:
stupid analogy

The transport method you used can be demonstrated and proven to have gotten you there but there's NO way to demonstrate prayer was responsible for US development and the hypothesis that prayer developed the US runs into problem when one takes a look at countries like China, Vietnam, Japan etc

Saying prayer for sure got the US to where they are is the type of nonsense that'll be accepted when your fellow deluded Christians are gathered and under groupthink

Your own comprehension is what is sickly.

The point is if someone says "prayers brought development to the US".
only fools would counter the argument with statements like " how about countries that didn't pray?"

Are you really so dumb that you can't figure that the statement "prayers brought development to the US" is different from saying "prayers are the only things that bring development to nations?"

The silly counterargument you're supporting can only make sense if the latter statement was being argued.

You don't need so much smartness to see that, common sense should be enough.

Tozara:
Oh, boy. It's not easy to escape from Jesus. I understand your situation.

It was miraculous that I managed to tell off the gay messiah before he could penetrate my anus. He has infected you with a delusion that would take long to cure.

Any bromance with Jesus Christ in the name of a "personal relationship" is the height of spiritual faggøtry that infects you with intellectual HIV.

there's some hope for your intelligence. As you age, it'll grow a little more.


if you could reason finely, it wouldn't be so difficult to comprehend answers.

I'll help you again. if someone can permute 6 things in 20billion ways, then he surely is the author of variety, and there can't possibly be any boredom with him.

if you yet find this hard to comprehend, no worries, just come back in a few more years to read it, rather than put up hundreds of lines of writings filled with irrelevancies.

Gerrard59:
Which has no evidence to prove?

Dig thoroughly into their history, you'll find yourself some.

Tozara:
After beating about the bush, you finally returned to the crux of my question in the closing sentences of your post.

So, in simple terms, we'll just be living like animals in heaven, but without the baggage of the jungle-like struggle that obtains in the mortal world. You'll get your heart desires instantly. You won't need to put in effort or struggle. Hyper-instant gratification would be the other of the day. There would be no need to commit to anything noble, since everything is already perfect and already in place, so no useful energy to expend on anything out of place. You'll be happy at all times, without a single instant of dissastifaction or displeasure. It all comes to you without any effort.

I guess you won't have to defecate? I reckon there would be no toilets. Or perhaps, the heavenly paradise would already have a drainage system in place for handling the eternal influx of infinite quantity of divine poop. You won't need to work. You won't need to sweat. You just enjoy yourself, and you do not need to do anything to get that enjoyment. There would be no pain amidst the ocean of luxury.

What about sports? Art? Philosophy? Maths? And all other things that make us human? Only the animal part of us that seeks instant gratification and the path of least resistance remains? And this is what you call "eternal bliss?" I'm convinced Abrahamism was designed precisely for people like you. The earlier you see the delusion inherent in the idea, the sooner you'll realize you've been scammed, and the better it would be for you. It all seems like the fantasy of a naive 5-year-old that doesn't know what he's talking about.

[color=darkgreen]""Work, worry, toil and trouble are indeed the lot of almost all men their whole life long. And yet if every desire were satisfied as soon as it arose how would men occupy their lives, how would they pass the time? Imagine this race transported to a Utopia where everything grows of its own accord and turkeys fly around ready roasted, where lovers find one another without any delay and keep one another without any difficulty: in such a place some men would die of boredom or hang themselves, some would fight and kill one another, and thus they would create for themselves more suffering than nature inflicts on them as it is. Thus for a race such as this, no stage, no form of existence is suitable other than the one it already possesses."[/color]

ARTHUR SCHOPENHAUER

only response to your epistle is "No, you probably wouldn't"
Cos it doesn't seem like you're ready to be there yet.
I however hope for your fundamentals to change that you may make it.