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Boyhood's Posts

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CareerRe: Why Do Many Govt Employees Retire Poor. by Boyhood:
Love800:
Pls i have a question.

Does pension have expiring date? Will there be a time a certain individual will not be collecting pension again?

Can you just collect all your pension once nd neva expect any pension money again? Is it a must dat u will be collecting it monthly?

Is it from ur salary dat the govt extract this pension from? Or its the govt dat pay u from their own money?

I heard people collect pension as low as 20k monthly. Pls is this true? And does ur area of specialization(department) determine how much u will get paid as pension? because someone told me dat oil workers in govt collect pension as high as 400k monthly.
1. With the new contributory pension scheme, Yes pension has an expiry date. 15 years after retirement, it will be expected that you have collected all the funds saved on your behalf in the pension scheme.
2. You can only collect 25% of your contributed pension fund in one bulk only after 4 months of being without a job. and the remaining 75% you will collect monthly after retirement
3. With the contributory pension scheme, your employer/government takes 8% from your salary and put in pension for you and your employer the (government/private) also contribute 10% of your salary for you in your pension that means both you and the government contributes .
4. Yes people collect even lower than 20k since the pension you get is dependent on how much you/your employers contributed when you were still working.
So if an oil worker who collects good salary contributes good amount into his pension account, he will receive good pay as pension when he finally retires.
And if an LGA staff who gets paid barely 30k monthly contributes about 5,400 or less monthly into his pension account will definitely get meager pension when he finally retire.
Mind you some tiers of government especially state governments usually default in paying their part of the pension contributions and sometimes even when they deducted your 8% they still won't remit it to your pension account and at the end of the day you see people not getting any pension after retirement
InvestmentRe: Treasury Bills In Nigeria by Boyhood: 3:10pm On Jun 07, 2023
DFPS:
ok i will my oga.
If fd giv u 14% for 90 days tenure
And TB 10% for 90 days tenure. Will u still go for TB ??
In that case, I'll rather go for mutual funds instead.
But mind you TB is tax free, devoid of hidden charges and can easily be liquidate before maturity as compared to FD
InvestmentRe: Treasury Bills In Nigeria by Boyhood: 9:54am On Jun 07, 2023
DFPS:
even with the huge difference?
Read the book "Richest man in Babylon" and thank me later.
InvestmentRe: Treasury Bills In Nigeria by Boyhood: 6:29am On Jun 05, 2023
Power of compounding

PoliticsRe: Is N488 The New Official Price Of Fuel? (NNPC Station In Lagos) by Boyhood: 11:02am On May 31, 2023
paymentvoucher:
THESE ARE INDEPENDENT MARKETERS THAT BRANDED THEIR FILLING STATIONs. ALL MAJOR MARKETERS ARE STILL SELLING NORMAL PRICE ACROSS THE COUNTRY

Nobody should blame Government, we are to be blame in this country. Wetin Man do Man, Man no fit talk am finish.. cry
DEAR ALL. Following Management approval of the Upward review of NNPC PMS pump price as in below table for Mega/Standard/Leased Stations, Please find below schedules for the RMSs and Wayne to handle. Please implement meter change as approved effective today 31st May 2023. Wayne is to attend to all locations as relates to their area of coverage in our network.

InvestmentRe: Treasury Bills In Nigeria by Boyhood: 8:53pm On May 16, 2023
Issuing houses :
Cardinal Stone & Lagos state Government

InvestmentRe: Mutual Funds by Boyhood: 8:52pm On May 16, 2023
Inssuing houses :
Cardinal Stone & Lagos state Government

PropertiesRe: Journey To Building My Two Bedroom Apartment by Boyhood: 9:24am On May 16, 2023
Wow... this is great, congratulations 🎊 man..
Looking forward to more updates soonest.
PoliticsRe: Tinubu Seeks More Patriotism In Sallah Message by Boyhood: 8:08pm On Apr 21, 2023
Happy holidays to Tinubu and Muslim faithful
PoliticsRe: If They Disturb Me In Daura, I Will Leave For Niger Republic – Buhari by Boyhood: 7:49pm On Apr 21, 2023
Happy holidays to all Muslim faithfulls
PropertiesRe: From Dream To Reality: A Brighter Future With Affordable Housing In Nigeria by Boyhood: 9:04pm On Mar 29, 2023
money121:
Nice one
If I may ask, what is the current cost of 0.55mm long span aluminium roofing sheet?
AutosRe: N1,200,000 or Less Tokunbo Cars by Boyhood: 2:03pm On Mar 28, 2023
6 Lies Nigerian Car Dealers Tell Prospective Buyers

https://www.nairaland.com/7578375/6-lies-nigerian-car-dealers
CrimeRe: 11 Men Caught With 10 Human Skulls, Intestines In Ibadan by Boyhood: 2:52pm On Mar 03, 2023
Since this arrests was done, we have not heard from Moh247 can somebody please check on him?
InvestmentRe: Mutual Funds by Boyhood: 12:44pm On Mar 03, 2023
NL1960:
He withdrew after two weeks(14 days) of opening and it is supposed to be operated for 30days initially. So there should be a penalty.
He didn't say after two weeks (14days ) of opening. He had 1m in the account and we don't know for how long he has been using the account or for how long he had the 1m in the account.
CelebritiesRe: Wizkid Plays African Gong As He Parties In Ghana While Nigerians Decide by Boyhood: 7:53pm On Mar 02, 2023
Congo

PoliticsRe: Atiku Won The Election: PDP Rejects Bola Tinubu's Victory by Boyhood: 7:51pm On Mar 02, 2023
Congo

PoliticsRe: 2023 Nigeria Elections: We Saw Evidence Of Vote-buying, EU’s Chief Observer Says by Boyhood: 7:46pm On Mar 02, 2023
Congo

PoliticsRe: Naira Swap: Banks Run Out Of Cash In Kano by Boyhood: 6:25pm On Feb 16, 2023
shakol91:
I suggested this two days ago that 200 note should be reintroduced. Now that 200 naria old note has been reintroduced, in my opinion, for the time being, let commercial banks stock some of their ATMs across the country with 200 notes, make daily withdrawal 5k and weekly 20k. Let atms with 200 notes be reprogrammed to dispense 25 bills at once inorder to speed up withdrawal process at the atm.

Any transaction above 5k should be done online. With 5k cash, people should be able to run basic needs since the politicians said they're fighting for the poor
Too much oil dey your head. 😁😄
InvestmentRe: Treasury Bills In Nigeria by Boyhood: 3:25pm On Feb 08, 2023
exclusiveoloori:
Hello guys , how reliable is MMF? I did with First Bank FBNQuest and I have been following my interest online. I want to know if it’s risk free like Tbills cause I’m planning to add more to my investment as I can see that their rate is reasonable for now.
Yup, it's risk free, it's tax free... I will advice you carry on and add more investment as a risk averse person.
InvestmentRe: Mutual Funds by Boyhood:
sgtponzihater1:
Stanbic now pay interest monthly?, I thought it was quarterly
Stanbic especially usually reinvest/pay intrest anytime they feel (depends on factors best known to them) sometimes they do after two weeks, sometimes 3,4,6 anytime but certainly within a quarter
PoliticsRe: Governor Ikpeazu, I Was Never Part Of Wike's G5 Group by Boyhood: 4:24pm On Feb 01, 2023
DatzTreydo:
Nawaoooo..... Ikpeazu really showing his BOYhood to the G-5
Wetin aboki no go see for soya stand
You must be mistaking, because Ikpeazu didn't show me "boyhood" to the G-5
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Boyhood: 4:30pm On Jan 27, 2023
yMcy56:
Lol.
Boss don't give someone HBP o. grin

Oga Mendes come and give him some little "hope" here. grin
😄🤣🥺
PoliticsRe: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Boyhood: 7:29am On Jan 23, 2023
FuckTheMod:
grin
If e like make e hit 5000, the sweet part of this EVIL by fool àní foolish government is that, THEIR PEOPLE ARE THE ONES SUFFERING THE MOST.


IT NEVER BE WELL WITH BUHARÎ.
And may God punish Moh247 too
AutosRe: N1,200,000 or Less Tokunbo Cars by Boyhood: 9:10am On Dec 22, 2022
Mikeshine:
Will you manage used Opel vectra 1997 model, #700k?
Is it foreign or Nigerian used?
InvestmentRe: Treasury Bills In Nigeria by Boyhood: 6:21pm On Nov 29, 2022
OvaSabi1:
Hi. Is 6% per quarter pro rated? Will it be 6/4 %?? I am talking about the 91 day rate.
Yup, more like (6%÷364) ×91
FamilyRe: How To Process Death Benefits In Nigeria by Boyhood: 9:57pm On Nov 17, 2022
chawtinz:
Pls can I get the video on this WhatsApp number 07067330040. Thank you in anticipation.
See the video on this link he posted it here.

Gentlebabs:
https://fb.watch/gNH_0xe68k/

This is all you need to know about Death benefits under the Nigeria pension system and this is from Pencom.
FamilyRe: How To Process Death Benefits In Nigeria by Boyhood: 12:33pm On Nov 14, 2022
superboyspecial:
Hello, Nairalanders.
Please, have you tried processing the death benefits and pension of someone who worked at the Nigeria Security & Civil Defence Corps (NSCDC) before his death?
How did you go about it and how long did it take to be processed?

I'm trying to process that of my late dad and would appreciate any guidance or information.
Read through the thread below, you may find helpful information there..

https://www.nairaland.com/6081224/how-access-fathers-pension-rsa
InvestmentRe: Mutual Funds by Boyhood: 10:01pm On Nov 12, 2022
InvestmentRe: Mutual Funds by Boyhood: 3:38pm On Nov 12, 2022
ernie4life:
This is not accurate because they didn't state the valuation method that the fund manager used.
OK
You are right.
InvestmentRe: Mutual Funds by Boyhood: 3:07pm On Nov 12, 2022
InvestmentRe: Mutual Funds by Boyhood: 9:17pm On Nov 11, 2022
yak:
which is the best performing now?

InvestmentRe: Treasury Bills In Nigeria by Boyhood:
Grupo:
You copied fake news and pasted here.


What would you gain from that?
Atleast I now know it's fake

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