₦airaland Forum

With an increased gross earning by 8%, her profit after tax also Increased by 13%. And a Non performing loan of (NPL : 3.15%).
Not forgetting her uptight customer service. I believe its a fully well deserved award.

donofdons:
let CBN better not keep intervening in this forex market......buhari made me a millionaire because i borrowed 50 million naira from first bank using my fathers estate as collateral at interest rate of 10% per annum...i just changed it to about $250k at 216/$ and just waited till when buhari took over and dollars was at 375 then i changed to naira making over 39 million naira then changing it back to naira at 240 again and then back to naira at 350 making over 30 million again.
Now i have converted my borrowed 50mil to over 150 mill and paid off my debt and am still left with 128 million and someone will come and tell me buhari is not great.
I will die for him anyday

You are a big liar. Which bank will offer you loan @10% interest rate? Lie_nus!!!

Alikote:
real estate has limit because the tenant ability to pay the increment is also limited hence arbitrary increases to bet inflation can lead to no tenant as all meaning zero income for many year put cost to securing the house ..u might be loosing money several house in Abuja city centre, lekki and apapa infact my neighbors six flats had been empty without tenant for 3 years in lagos despite slashing rent by 40 percent...nb the tenant wages just raise any how its limited

Thanks bro for the info shared. There's a building with bout 6flats too along amuwo odofin where I stay, @apple junction to be precise. Its been empty for close to 2yrs now despite the beautiful structure. #point taken to heart

LesbianBoy:
Don't mind MUMU messi fans! Messi will give neymar freekick dem go begin shout "messi is nice, ronaldo is stingy bla bla bla"

Mumu messi fans abeg wake me up when messi donates the money he won from champions league to the poor and give one of his awards to a team-mate. Nonsense!


God bless King Cr7 (Greatest Player Of All Time)

#Istandwithronaldo

So now you want someone to read your comment & feel you are neutral. At the end of your sentence, you showed ur disdAin for lionel messi. When will you niggas learn thhat its the media causing this messi/ronaldo thing. Off pitchj, this guys don't have problem.
Fyi I'm a barcelona fan & I wish to inform you from this day hence forth that Messi has a foundation where he helps little children. The name of the foundation is called "Fundacion Leo Messi". Stop being hateful bro!

If these are the 10 most beautiful gurls on romance land. Then Nairaland no get fine gurls, or OP get poor judgement kapish!

This was the same budget that various people lauded as the best in decades, simply because 79% of the revenue generation was said to come from Non-oil sources. If so, how can the bulk of our problems with revenue generation be as a result of NDA actions when 79% is supposed to come from Non-oil sources?
We can now see why this govt isn't to be trusted. They say things that are not feasible just to Hoodwink gullible fellows that they are working.

Supnaija:
No the problem is i broke my leg once so its a bit scary to do anything that could pressurize it. So i stuck to just the upper body

Oh I get the jerk now. Speedy healing bro

histemple:
I am persuaded to agree with you. I think the major problem is Africans practice Christianity without applying wisdom. In fact, personal wisdom is foolishness to them.

In Matthew 10:22 the bible advised Christians to flee from any area where they are attacked or not received.

But no! An African will enter the battlefield where bullets are visibly flying. When the person dies, they will start saying it is the will of God and that they are happy the person has gone to heaven.

The other day, some people got themselves heavily drunk knowing that they will drive. Eventually the inevitable happened and all of them died in a ghastly head-on collision. Some people still said God knows why He allowed it to happen.

I think sometimes we blame or accuse God wrongEly because He can't be the author of evil.

Exactly bro! I'v come to understand that in Death which is a mystery. Most people will term it Gods time but when it comes to riches & poverty,the tide changes. Nobody says its Gods time but hardwork.
This debate is one which is very old & yet unsolved by philosophers, religious scholars,scientist & psychologist. This discussion centres on this topic "Is the human life predetermined or is it run by choice"

What's wrong with NLDERS sef. So what's hard for a successful business person or employee to wakeup daily & do a home exercise for just 30mins. It will not Kill you.
30minutes of home exercise will not prevent you from acquiring 6cars! Now its confirmed people in 9ja don't pay attention to their health. Keep growing tummy o, when hypertension come. U go die leave the 6cars for ur wife to enjoy!

Supnaija:
This is one of the reasons I stopped going to the gym, my guys started calling me superman and johnny bravo because my upper part was large and my legs were like toothpick

You shouldn't stop going to the gym bro. YOu were just doing lots of bench press & pAid lil attention to your legs. This is why its good to gym with the attention of a gym instructor. I cycle a lot & it has helped given me a better lower part!

Most of the comments shows that most nairalanders don't know anything but will quick to comment to sound intelligent. They don't even know what each credit rating mean. Just because they read "DOWNGRADE" all hell let loose.
****************************************FYI, here's what FITCH mean with the ratings
BBB - means good credit quality
B - Highly speculative but with some level of safety
So if first bank was downgraded to BBB & UBA to B, now you know what it means rather than comment un intelligently.
Plus these are ratings on a LONG TERM Foreign currency default. LONG TERM it says ooooo not short term, haba NLDERS una no dey read ni.
UBA has the best risk management now with NPL of 1.8%. So I don't see why people should castigate them.
The report was based on a LONG TERM FOREIGN CURRENCY DEFAULT. Stop talking trAsh if you don't understand economic news. Tufiakwa nairalanders

Tritri:
Thank U. Almost everyone started as @Chukzyfcb but when u start to do T.B it another ball game.

@Chukzyfcb 7 month ago I did a casement window + bulgary for 6 NO 3 BEDRUM FLAT..it cost me 1.650M to site.

last Month i contacted the same Fabricator guy for similar 6 no 3 bedroom last price he gave me was 2.250..remember the same site same everything same design..

But i av T.B dat is paid me 9% or 10% per annum ,but within that 1yr the price of fabricating casement window has increased by 30-40% . I still havent done it and am regretting how i wish i NEVER bought T.B.

Now this is not only me.Ask people how price has gone up on everything at the market.almost 30-40 % high just within 6month.

Your T.B is only better against Savings acct.

This is Reality. Not reading nairaland and think it easy.

You shouting 17% Yield dat yeild not RATE but the last rate is 14.99 per annum. NOBODY ON THIS FORUM HAS GOTTIN 17% .



Stock is an Investment right? Go and load ur stock account and see exacltly .

Its okay bro. Let's be more civil as gentle men & not throw caution to the wind. You drew first blood by calling me out but now I want to call a truce. You have your own investment plan which works for you, others have thiers.
I just realised I hvnt praticsed what I just learnt in the book "How to influence people & make friends" by Dale carneige
He says "No one ever wins an argument, even if one does win the loser with loathe him & despise his victory"
Let's stick to what works for us. Let's not derail this thread further. Next time we cross path here, we should be discussing on this thread the possible movt of t.bills rates or dropping useful economic news & not attacking each other......Thanks & Goodnight

experimentist:
[size=15pt]Bros no vex, shey you be gay?[/size]

No sir. Any more questions

I will like to add few rules
1) Your trouser should have little or no breaks. It shows your sense of style
***************************************
2) Never wear a back pack on a suit, it just spoils the whole package. Get a good leather bag
***************************************
3) Invest in quality shoes, don't always wear black shoes. Get other colours too. Don't be boring
****************************************
4) Pls do away with square shoe (loafers) if wearing suit. Invest in pointed shoes like this below, its called a brogue. A woman Notices the shoe first in a mans appearance.
#Good suit on a bad looking shoe spoils everything!!!

Fashion is evolving,you need to do away with the old mentality & imbibe the new rules.
Warped shoes OP means shoe wey don weak showing lines. U goofed with that pic

I don't see what makes this guy to be so desired. haba! Do you know what it means for the whole girls in the country to be rushing your profile for friend request. Dude is average looking enuf of the hyping!
#This arab guy was sent away from saudia arabia for being too handsome. They scared he would seduce their women. Its someone like this that worths the hype

This is a shameful act. Igbos are never one. That's why we don't do well in politics, every person always fighting for his share. See what greed has done to that community, tufiAkwa!
Igbos are never one......You can call me an outcast but its the truth. Within the igbo community, there is discrimination. You can't marry or do business with a family if they are found within "the osu system". If such practices still exist, tell me how we can be one? This is where I envy the northerners. Their commitment as brothers make them play the politics game so well

olaitoro:
I pity salary workers and civil servants the most, because their purchasing power (i.e constant salary) is depreciating with the current economic crunch.

it seems that 2x2 shop owners are the ones flexing this change, because their profit margin has increased. All thanks to change

No be so oh baba. Shop owners are complaining for reduced revenue.... A shop owner who sells for example 30 jeans daily last year is complaining bcause he finds it hard to even sell 10 jeans now. So no be as u think o, if the people are broke, it means reduced spending which affects shop owners

Look At diesel that subsidy has been removed a long time, yet the price keeps sky rocketting. Fraudulent Oil marketers.
No one knows how much diesel we produce & how much is consumed. This is a pointer to the fact that price of petrol will never go down. These oil marketers will alwys collectively agree to sell at a higher price!

Tritri:
Now do you know last month T.B was just 12% per year....3month ago 7% per year...now it 15%..Wat gave u the assurance it still gonna be 15% 2017?

Meanwhile ur afloat doesnt mean ur making money...U still don't get it with all d Teaching above it shows people like u na over sabi dey worry U.

No assurance it will be 15% that's why I shouted BLOOD MONEY! Because this is a rate that is massive last time tbills was this high was like 2012 or so going by the records.
And please stop lying to score cheap points. A 364 tbills has never gone below 10%. 3months ago here was the discount rate ;
April 20, 2016
91 Days.....7.8%
182 days......8.9%
365 days.....10.2%


An Investment is promising you 17% annually & you are complaining of the inflation rate of 14%, will you not take the advantage rather than keep the money in your bank? Don't make it harder than it seem.
Many people have loads of cash lying in the bank even though they have business that's doing well.
For the fact that inflation rate is rising, I foresee an even higher rate to entice investors. If T bills hit 20% discount rate for 364days, don't key in then. You can as well keep the money under your pillow

Ryder306:
Have also heard the main reason why most banks are laying off staff is simply because of STA policy, before now, they get easy money (apart from d extra reap-off charges) from Government agencies n other to invest in Treasury bills n bond and at the year end they declare billions as profits......that should tell us something, Tbills is cool......but time value of money in regards to inflation is not cool in d long run.

With regards to inflation, real estate is always seen as the best hedge. Because you can always increase your rental fee as things get more expensive but how many people have the cash to build & rent. T bills is also good & even better when you re-invest your interest (compound interest). Which is what I was pointing out. If one will only buy A plot of land & leave it undeveloped so he can use it to hedge against inflation, one who has been re investing his t bills yearly (compound) will catch up & overtake him overtime. Most people don't know the power of compound interest which is my main point

Tritri:
Go school And learn u no go gree..Innitial Gra gra dey worry U. ,we talking about interest rate . ur talking about compound interest , with inflation ur only money is still your 20M.

For your Info.I owe a Bonds worth over 100M...Yes and am regreting that now. why..as at then the rate was 12.54% which seems to be the best..4month later rate is 15%...who's losing?

Finally u seems very smart..Why not go put ur 20M on T.B then start dreaming how to buy a range rover because you just did blood money .


Real Interest Rate'
The real interest rate is the growth rate of purchasing power derived from an investment. By adjusting the nominal interest rate to compensate for inflation, you are keeping the purchasing power of a given level of capital constant over time.

For example, if you are earning 4% interest per year on the savings in your bank account, and inflation is currently 3% per year, then the real interest rate you are receiving is 1% (4% - 3% = 1%). The real value of your savings will only increase by 1% per year, when purchasing power is taken into consideration.


Another one


Real Interest Rate = Nominal Rate – Inflation Rate

It’s important that the real interest rate be positive so that a lender or investor knows he’s beating inflation. If the real interest rate is less than zero, then the rate being charged on a loan or paid on a savings account is not beating inflation. The lender or saver would be losing money from a purchasing power perspective.

For instance, Fred has $1,000 and wants to buy a refrigerator that costs that exact amount, but he doesn’t need the refrigerator until next year. So Fred places the $1,000 with his bank in a one-year certificate of deposit paying 5% interest. This 5% is the nominal rate. If inflation is 6% then, using Fisher’s formula, the real rate of interest on the CD is negative 1%.

At the end of the CD’s term, Fred receives $1,000 plus $50 interest. But because of the 6% inflation the price of the refrigerator is now $1,060. Fred’s $1,050 is now not enough to buy the refrigerator. From a purchasing power perspective, Fred actually lost money over the one-year term

@Chukzyfcb As i said earlier Innitial gra gra...Local Champion.

Inflation rate is 14% likely to 15% of which the projection may average 13-14% for the year......T bills "true yield" for the 364days is 17%.
If I invest the interest for the next coming years at the same rate, my Interest rate will also push higher. Mr Tri tri how am I losing money when I'm still afloat?
Do you just want to talk or what?

Tritri:
Go school And learn u no go gree..Innitial Gra gra dey worry U. ,we talking about interest rate . ur talking about compound interest , with inflation ur only money is still your 20M.

For your Info.I owe a Bonds worth over 100M...Yes and am regreting that now. why..as at then the rate was 12.54% which seems to be the best..4month later rate is 15%...who's losing?

You are not smart now! With bonds you lose out on compound interest. T bills allows you to be flexible & cash in on increasing rate. With Bonds, rule out the possibility of benefiting from a compound interest....I'v compared a 5yr plot of land to a 5yr tbills & you don run hehehe.......yeye dey smell

Tritri:
Go school And learn u no go gree..Innitial Gra gra dey worry U. , Look at how u disgrace urself above.

HAhaha I wAs waiting for you to say that & you just did. You are in the T.bills thread & you Don't know the meaning between discounted rate & true yield. You think tbills is like fixed deposit where you just see the discount rate & calculate it like simple interest,hehe. Mr tritri you need to go to a financial school. I set the trap for you &you just embarassed yourself. I wouldn't argue with you again. I don't want to be sharing out my secret findings just to prove shit to you.

Proffdada:
if Messi should be selfishly competitive , he would be the greatest but humility makes him what he is

This is what I have to say to the both of you

Tritri:
@Chukzyfcb I c... U're still a kid..when you start working keep ur money on treasury bill.

And when u start spending tell everyone u did blood-money.

For investment better dan T.B, Go ask Biz men.

U Wondering why people still invest in real estate even with it 7% go and read from page 1 .

The USA inflation rate just 1.10% , There T.B rate below 1% Annually. what does that tell you?

So ur country interest rate at 15% and it blood money why dont u go GHANA and do T.B cause there rate is 24% .



Did you just finish SEC school?

I would have gone to ghana to invest but my reseArch has shown they don't Allow non citizens to. Plus I'm at risk of exchange rate fluctuations.
IF only you knew the power of compound interest, you wouldn't be saying what you are saying.
I want to let you know that. If you invest 20million Annually in tbills of discount rate of 15% for 5yrs. Your 20million will turn to 45million naira.....same time if you buy a Plot of land for 20million today, in 5yrs U CANNOT sell that same piece of land for 45million. Its almst impossible. That's the Power of Compound Interest.
Don't mention business jeez you must be a Kid!, when Investment is discussed what they talk is
- T bills & Bonds
- stocks
- commercial paper & Banker acceptances
- real estate
- Valuables like art work or Gold
No Investment teaching manual or Book discusses business. In Investment talks are on ; how money works for you. In business, you work for your money.
You don't sound thAt smart to me. Raise your argument not your voice

courage89:
I agree that they will have more naira conversion...this should provide more naira cash flow to meet wages and other naira liabilities. My argument lies in the foreign denomination debt on government books. The northward trajectory of this debt has been a source of concerns even before devaluation. It's like we just compound our problems with devaluation.

I still maintain my stance bro. The upward trajectory of our debt has been because of reduced revenue. Oil price reduced by 50% so funding budget will be tough, that's why people suppprted devaluation. In devaluation govt can make up for the loss of revenue from Oil price. Currently 1barrel of Oil trades for $49 & we export bout 1.9-2.3million barrels per day whereas the 2016 Budget projections say we need 2.2million barrels & a price of $38 per barrel. So as you can see we are even doing better than the projections, with the profit from devaluation it means we should even meet the demands. Don't forget our GDP-Debt ratio according to kemi adeosun is among the lowest in the world, so it gives them more leverage to borrow more

Tritri:
@Chukzyfcb Inflation is at 15% , Meaning treasury bill is not really an investment let just say to keep up with inflation,


After inflation the real interest might not be above 1%. Is that what u called Blood money & Hidden treasure ?

In a lay man term,After ur 15% from treasury bill mature u go market everything dan add extra 15% ...so wat did u gain?

But it better than keeping money in savings that all.



http://www.tradingeconomics.com/nigeria/core-inflation-rate

So that's why you went all out on me. Bruh I don't need your link to understand your point. Yes inflation is 14% while T.bills is 15%, but then how many investment can offer you such returns annually.
Real estate rental yield in lagos & abuja gives 5-8% annually.
Stock has been on a bearish run despite the dividends sharing, which is deadly
I ask you again Mr economics, which Investment will give better returns?
Mschew I tot u had something to say sef.

Tritri:
@Chukzyfcb U do economics for school at all?

It will be mature of you to highlight my flaws bro rather than criticise me

ukay2:
What of FGN servicing external debts in dollars??

Devaluation according to my own knowledge has little or nothing to do with external debts. External debts has close ties with government export earnings, which in our case is OIL. The only way Govt will find it hard in servicing external debts is if its foreign exchange earning decreases (Ie decrease in Oil prodduction which is our major commodity for forex) so once again bro, devaluation has lil or nothing to do with paying external debts

Timmi:
Nigeria sold a total of 190 billion naira ($673.76 million) in treasury bills on Friday with maturities ranging from three months to one year, with yields broadly flat, fixed income dealers said.

The central bank sold 28 billion naira of the 3-month treasury bills at 9.98 percent compared with 9.99 percent at the June 22 auction and 42 billion naira worth of the 6-month bill at 12.24 percent against 12.30 percent previously.

The bank sold 120 billion naira worth of the one-year paper at 14.99 percent, the same rate as at the last auction.

Africa’s biggest economy issues treasury bills as part of measures to finance the government budget deficit and also to help manage liquidity in the banking system. ($1 = 282 naira).

Source: Business Day July 8th 2016

WtF! Almost 15% in discount rate oh with 17% in true Yield, DAMN! By my calculation an Investment of 20million will yield 3.5million anually, HOLY SMOKES!!! Treasury bills is Blood money & Hidden treasure. If this rates remain like this for 5yrs eh, with the power of Compounding interest. Ur money go BLOOWWW

courage89:
I hope those people clamoring for devaluation are happy. They've helped increased the complexity within and created more problems for our financial system. Because of the devaluation, banks will witness more problems because of their exposure to and servicing foreign loans. Government will have similar challenges, servicing foreign debt. Inflation and interest rate will continue to trend higher. How do you build a manufacturing economy when interest rate and inflation are above 15%. How do you grow the economy in the wake of all these crisis. I don't know if I should blame the federal government or blame CBN governor for incompetence.

I am yet to see the positive impact of devaluation on our economy. We are still losing more jobs than we are creating. The stock market is still loosing money.

I hope these speculators (bastards) are happy...

not true bro regarding Government....Government are the biggest gainers when it comes to devaluation. This was why I often told people that if Buhari refused to devalue the naira , he shouldn't be criticised because his govt would benefit much from it. So he refusing it means starving his govt of possible wealth.
Govt still export oil which can be used to servive debt plus selling 1 barrel of oil means extra money when brought back to nigeria because the dollar exchange rate is higher. Investors wanting to leave 9ja will need to part with more naira, gifting the govt more money. Mehn the advantage for them is humongous. I dnt see why you say govt will find it hard, they are the biggest gainers in the devaluation game