₦airaland Forum

All these so-called high-end devices [excl. Apple & BB devices] are just DATA HARVESTERS in disguise. You don't want to trust these “peepin toms” with ya confidentials.

Level up & acquire a real SMARTPHONE (APPLE), not all these data plants u jostling for.


NB: Abeg na joke I dey oo.....lolz

Hintona:
Tribalism on nairaland is suffocating

As in, d tin weak me. Sum peeps can't just be polite & reasonable.

Dz kind mindset is toxic to national progress.

How's the network reception for ya area?

It has many therapeutic effects especially when brewed in tea:

1. alleviates nausea.

2. it's a great pain reliever.

3. it heightens one's sensory faculty esp. MENTAL.

4. it gives you the high. [last longer when brewed in tea]

5. it helps tremendously with Premature Ejac.

Pusyiter:
To me, Ancient men were more innovative, knowledgeable and advanced than modern men

I couldn't agree more, sir!

joinnow:
Why now
Do you guys want people to start looking for
cocaine tampons so they can grind it and smoke

It ain't instructive na!

CREDITS: listverse.com

Historically, humans don’t have a stellar record when it comes to treating female-specific ailments. As far back as ancient Greece, vaginal pains were relieved using tampons soaked in opium and belladonna. And while you might expect this to be just another absurd ancient medical practice, similar techniques survived well into the 19th century.

When cocaine began being used as a surgical anesthetic in the mid-1800s, it often came in the form of an antiseptic tampon that was applied to bullet wounds. Toward the end of the century, cocaine was regarded as a valid treatment for gynecological illnesses, so women were prescribed cocaine tampons.

Soon enough, cocaine absorbed vaginally became a panacea that could treat a wide range of ailments. These included inflammations, uterine diseases, cervical endometritis, painful childbirth, and evensore nipples.

I'd rather heed Freeze's advice than this bitter idiot's.
Nobody is PERFECT.
#freethesheeples

How is the Bid Rate selected?
‎
The CBN selects the bids that fall below the accepted marginal rates. The Marginal Rate is the minimum average rate for bids submitted within a‎ bid window. 

For example, if the marginal bid rate for a bid opened
Wednesday 27 June is 11% then bids falling below this rate will be accepted and those above rejected.

What if I don’t have a Bid rate?

If you do not have a Stop Rate or you are not sure of a rate you can select the option of having the bank choose a rate for you.

However, this does not guarantee that the bank rate will be chosen or will be the best.


Can I still buy if my Bid is rejected?

You can purchase TB’s from the secondary market Over The Counter (OTC) through a broker. This is also where buyers and sellers of TB’s‎ trade the notes in exchange for cash.

What are the durations (tenor) for the TB’s?

Treasury Bills are usually for 91 days, 182 days and 364 days. As such, you can have the CBN hold your cash for 91 days, 182 days or 364 days, depending on your choice.

However, the CBN can decide they want to sell Treasury Bills for all the tenor available or either of them.

Can I sell before Maturity?

Yes, you can sell Treasury Bills before maturity. As mentioned above, this can be done through the OTC market. The price at which you sell depends on the forces of demand and supply. 

For example a N100,000 face value TB maybe selling for less or more depending on the yield expectation of the buyers. If your face value is trading at a higher price, it means you can sell your treasury bills at a profit as such your N100,000 can sell for N101,000 or more.

If your face value is trading at a lower‎ price, it means you can sell your treasury bills at a loss as such your N100,000 can sell for N99,000 or less.

When is the interest paid?

The interest element of a treasury bill is paid to you upfront and credited to your bank account. For example, if you purchase a N100,000 TB with an interest rate of 10% the CBN debits your account with N90,000 as such your N10,000 interest is paid upfront. 

Upon maturity, you are paid the face value N100,000. The upfront payment of your interest makes your true yield actually higher.

What is a True Yield?

True Yield is your actual Return on Investment. (ROI). Using the example above, the initial yield for the N100,000 is 10%. 

However, because they pay you interest upfront your true yield is actually the N10,000 in interest divided by the N90,000 actually deducted from your account. 

That is N10,000/N90,000 or 11.11%. This is, thus, higher than the 10% coupon. The True Yield is completely earned when you hold to maturity.

Can I roll over my investment?

The CBN does not rollover your investment automatically. However, you can give your bank a mandate to rollover the principal on your treasury bill upon maturity. You can also get the benefit of compounding interest by asking your bank to reinvest the interest portion of your TB once it is
paid.

Are Treasury Bills Safe?

Treasury Bills are one of the safest forms of investment and are backed by the full faith and credit of the Federal Govt. of Nigeria.

Apart from the Interest Rates, what are the benefits?

A. A good source of steady stream of income.

B. Treasury Bills are a good investment outlet for your free and
disposable cash.

C. Treasury Bills are good investments for people who wish to save.

D. Treasury Bills are also tax free.

E. Treasury Bills are very liquid and can be converted to cash quickly.

F. They can be used as a COLLATERAL for bank loans.

Are Treasury Bills Taxable?

Interest derivable from Treasury Bills are not taxable.‎

credits: www.nairametrics.com

When is it usually sold?
Treasury Bills is sold every other Wednesday (bi-weekly) as announced by the CBN. The CBN announces issuances in their websites and in the pages of national dailies. You can also ask your Bank Account officer to notify you ahead of an issuance.

How Can I Buy Treasury Bills?

To buy Treasury Bills you will have to approach your bank requesting for a form. You fill the form with your personal information also indicating the amount you want to buy as well has your bid rate.

‎‎With the advent of banks’ treasury bills mobile application, you are only required to fill a signup form once.

What is the bid rate?

The bid rate otherwise called your STOP RATE is the likely interest rate that you have indicated to receive for the principal that you investing in the TB’s. 

For example you can indicate an interest rate of 10% as your
expected rate. Your bid rate will most likely be different from that of other intending buyers of TB’s.

This article explains how to invest in Nigerian Treasury Bills.
‎
This is a beginner’s guide to investing in treasury bills.

It explains the meaning of treasury bills and how you can invest in it.‎ It also explains how the interest is earned and when it is paid to an investor and the benefits of investing in treasury bills.

What are Treasury Bills?

Treasury Bills are government guaranteed debt instruments issued by CBN on their behalf to finance expenditure. The CBN also uses treasury bills to control money supply in the economy.

How are Treasury Bills Sold?

Treasury Bills are sold through a bi-weekly auction conducted by the CBN. Buyers are requested to quote bids following which the average minimum bid is selected.

Where can I buy Treasury Bills?

Treasury Bills can be bought through any official dealer. The easiest this days are through banks’ treasury bill mobile application. A typical example is the Sterling Bank’s i-Invest.

What is the Minimum Amount I can Buy?

Before, you could buy for as low as N10,000 and in multiples of N1,000 thereafter. However, this was increased to N50,000,001 in 2017. This article explains how you can buy treasury bills if you do not have up to N50 million. Though, the minimum for the i-invest mobile application is N100,000.

OLAJADON:
hello Bros, you mind if I get your number of whatsapp number preferably.

Sorry, I can't!

myseyf:
Hey, what is the minimum amount can I start with stock exchange? And can I trade online?

Sorry, you should ask the appropriate authorities {NSE website, for a start} for answer. I'm a newbie too.

Thanks for reading btw.

credits to: https://www.wealthresult.com/wealth/nigerian-stock-exchange-market

Each time your broker wants to buy stock on your behalf, he buys it into your investor’s account. The account is for both equity and bonds.

3. Secure Trading Capital

You and I know what that is. There is no technicality involved in explaining that. Depending on the volume you want to trade or what I will call the amount of risks you want to take, you will need enough trading cash that is proportional to your trading options.

More than anything else, knowledge is your power in this business. You must be in the know, constantly updating your knowledge of the market and be in-tune with the latest trends. You must be good at spotting opportunities and possess the ability to predict trends.

"Buy the rumours and sell the news”. That’s a very popular saying among investors. It means – Do not trade on sentiment.

Making Money With The Nigerian Stock Exchange

The game is simple! Spot a good commodity in the market, predict accurately it’s movement, buy, and sell at the right time.

Let’s take for example you bought Ashaka Cement shares worth N200,000 at the price of 1.00 kobo per share, if by next month the price appreciates to 4 kobo per share, you’ve made 4 times your money after selling, which will amount to N200,000 x 4 = N800,000

On that trade, you will pay a total commission of about N,8000 and pocket your profit of N592,000 from that single trade.‎‎

There are three major things you will need to start trading. There are as follows –

1. Get a Stock Broker/Brokerage Company

The Brokerage firm or your stock brokers acts as the intermediaries between you and the stock market. They handles the intricate parts of your transactions and get commissions for their efforts.

The Duty of Your Stock Broker: Your Brokers will help you open a CSCS (Central Securities Clearing System) account which in turn would make it possible for you to buy stocks, you may not be able to buy stocks on your own; you have to go through your stock brokering firm.‎

If you are buying from the primary market, that is the one that the company advertises directly, in filling the forms, you must state the name of your stock broking firm and your CSCS account number.

So, you must have a stock broker even if you are buying from the primary market.

For the secondary market, you must inform your stock broker, who will then go to the stock exchange and buy your desired stock on your behalf on a regular basis.

2. Open Investor’s Account

The moment you decides to trade in the Nigerian Stock Exchange, you are becoming an investor. Therefore, you will need investor’s account.

An investor’s account is an account that is unique and tied to your name as an investor.

It is normally opened for you along with a CSCS account with which your stocks would be moved in. It is opened for you by the stock brokerage firm or broker whom you have assigned to act on your behalf.

 All transactions done on your behalf would then be recorded against your name in your investor’s account.‎

Some people prefers to trade on high cap stocks, while others prefers trading on penny stocks.

Whichever one you chose or you decides to trade on both, the truth is that you can make money if you are wise and informed about trading in the Nigerian Stock Exchange.‎

Now, let’s get over to the things you will need....

Short term trading in the Nigerian Stock Exchange (market) is what most people are advised to go for. You can make quick money from speculation quicker than you’d ever imagine.

It is possible to get some stock unit, let’s say for N200,000 and quickly make gain by selling it within the next few weeks or months.

However, it is possible to buy some unit for N200,000 and watch your money deplete into half within the next few weeks. So, this is a lose or gain approach.

But if you are well informed about the ins and outs of investing in the stock market and the Nigerian stock exchange, it is possible to avoid the risks and make quick cash.

Are you saying there'll be TWO Oshiomoles in Nigeria?

Op is probably a clown....lolz
#SIRI

Op is probably a clown....lolz
#SIRI

The MURIC man is just a senseless puppet being used by enemies of the State just to forment troubles.
Only radicals (aka ills of a society) will support whatever Bleep the organization stands for.

Amagite:
From; Amagitesblog.com

A 2018 Batch A corps member, Godspower Asuquo, who passed out yesterday, March 14th, went straight to the market after receiving his NYSC discharge certificate, to celebrate with his mum.

He shared pictures of himself popping a bottle of wine with his mu, and some other market women. He wrote;

"God saw me through this I overcome temptation His grace kept me never forget where you came from be proud of what contributed to your success"

http://www.amagitesblog.com/2019/03/corps-member-celebrates-his-pop-with-his-mum-in-the-market-photos.html

Congrats, fellow!

Just sad the ODDS are absolutely stacked against the youths in this blessed country

Dear Nature, pls kindly retire any soul suffering from this ANOMALY called .........