₦airaland Forum

question that will come with hypocritical answer.
if you are in sexually active relationship, then yes you should. except you are saying you have no regard for your health abi is STDs male related only?
Get one and keep it discreet somewhere hidden in the room or your bag. p.s: this is for women that are sexually active tho

jamex93:
make we fix Nigeria league o ha beg

chaii guy na you get these slips..... u no fit forgive Napoli ooo, see one million so close then lost.

I just dey read the comments here dey laugh. sometime last year, a trailer crushed my family car and nothing came out of it. the other cars that were affected didn't get full compensation. all those talks about insurance and no instance of trucks na luck.

PS: five people in this car all came out without a scratch!!!!

I just dont see why the hype over this case.
exchange rate is improving not because of any tactical move but because oil price and pump volume are improving.
oil price that greeted pmb with $38 per barrel is now over 55$/barrel.
we now pump oil at close to 2mbpd instead of the 1.6mbpd we have had.
so it means we now have more dollars at our disposal.
Is this why we praise osibanjo? why can't Nigerians use thier brain.

If our forex reserves was buoyant enough, we wouldn't have fallen this low with our exchange rate.
The question is how long can this last? because this isn't sustainable. with the way dollars are being issues, soon it will be reported that the forex reserves are depleting and then CBN will reduce the volume of dollars sold to the bank. the CBN is defending the naira artificially and you are jumping up praising osibanjo.


wait till the foreign reserves reduces, then I will be monitoring the comments

ogawisdom:
And what is ur source dt made my statement a lie, an idi.OT like u need not comment u can jst read comments n go than saying rubbish. U pay one quater of ur annual salary as rent even a goat won't do dt.

I don't blame u. if you are vast reader, you will know better

ogawisdom:
op u r wasteful with ur income, ur rent shld nt exceed 100k if u earn 600k per annum ie 50k monthly

Financial experts recommend dt at most ur 2months salaries shld pay ur annual rent

Personally I recommend dt ur one month salary shld pay ur annual rent if u dnt want to find urself at 65 still a tenant

this is a big lie. financial gurus and real estate experts always quote that no body should be spending beyond 25-30% of his salary on house rent. otherwise he is living above his means.
judging by that fact I will say op is prudent

lorhema:
Since 2010 I have never been able to get PTA to fund treatment in India from my bank. I'm always told they don't have. In 2015, I went with my card and was nearly disgraced when it stopped working. Apparently the policy changed while we were away! I'm due to go back later this year and this report is good news. My prayer now is that I get access to this rate.

forget what you read on the news. someone I know ran to the bank to source for dollars few weeks ago...pta purpose actually for her to travel abroad. the bank kept playing her telling her no dollars at the moment, she kept going at it for a while until she got frustrated and bought from the black market. This news is just for formality sake, there is no forex anywhere for individuals either pta or whatever except you and the bank manager are in good terms

bureau de change sells dollars at that same rate. does this mean that CBN is now competiting with bdc for the same buyer?

coz this move may make bdc owners to increase the rate at which they sell

Mumu woman. you owed someone money, yet you ran abroad to go and flex claiming that he should have texted or called you. You are foolish!
you want daddy freeze to come and lick your toes before you part with his money, rubbish!!! Onigbese

ayoomo9:
I did same amount on first bank and got N4,785.69

It doesn't worth it

if you intend to use treasury bills to earn passive income. then your capital has to be huge. and I don't mean even 1million. coz 1million give you 180,000 after 365days. so it's best u take that 150k and startup business.

Maromark:
Guys I have a neat PS vita pch 1003 for sale in Lagos. #30k

20k cash and carry. if u are game. quote me bro

Haslil878:
are you blind? Does this particular place look like desert in your EYE?

next time reply with a more brilliant comment except you want to say this is all your brain can conjure

slurryeye:
There is what is called irrigation to take care of the extreme heat, dry soil and moisture content. And for encroachment of the desert, I expect the federal government to have embarked on several Afforestation programs by now

irrigation? from where, the little in the dams are saved to generate our poor electricity. the rain fall in the north is gradually declining every year. its a problem that's not yet blown on a full scale.

slurryeye:
Federal government is not optimizing northern lands for agriculture

They have massive land area that can feed the whole nation, and even have excess to export for revenue

due to the extreme heat ravaging the northern part of Nigeria, the lands there are fast turning to desert. lands are becoming dry, moisture content in the soil becoming inadequate to harbour plant and their yields. not forgetting the sand storm that blows over crops.
the north is in danger of becoming a desert bro, while the south has to deal with flooding.

who dat one EPP.
you keep building up reserves meanwhile the exchange rate keeps deteriorating.
what's the point of having 40billion dollars in the fx account when only a tiny fraction is being supplied to the market.

I repeat, who dem EPP!!!!

zamirikpo:
i like the way u broke dis down, in my opinion, a youngster(below 35yrs), shouldnt think of tying down 20million in real estate if thats all the money he has, because an investment like NTB can double that some in 5yrs.....without any hassles(if rates remain constant or increase), even a profit of 8.6m in two years of NTB investment isnt bad, bearing in mind that u almost have to do nothing to earn it, plus the fact that u have all the time to do ur normal job.

u could actually invest prfits from ur NTB in real estate,while holding ur capital. so for now am routing for the money market.

its a matter of choice anyways.....

same here , as a young man with such money I will prefer tbills. the yield from real estate would come in handy when I am getting weak and frail to work (from 50yrs. so it could serve as a sort of retirement package. My own choice anyways

battleaxe:
I'm guessing a typo.... from 20 million, he can get about 4.4m if true yield now 2.1m.

Thanks.

oh yes thanks a lot for the correction.
22% true yield on 20million is 4.4million gross profit.
after deduction of vat and those charges. his net profit should end up at 4.3million. a whopping 2.6million difference from the same cash flow earned from real estate investment

Happyfellow147:
Please what's the best form of investment? Estate or financial securities

this is a very tricky question because one is intended for short term and the other long term investment.
an investment in real estate could produce not just steady cash flow but an increase in value of your capital
. T bills however will only give you cash flow. value remains same.
eg a rented house valued at 20million would give an annual rent of 6-8% . Real estate reports quote 6-8% roi for houses in lagos and abuja so therefore, on the average it means
your house will yield 1.2- 1.6million per annum

However if you take that same 20million and invest it currently in tbills. at a true yield of about 22%
i.e
that is investing all, including the upfront interest
your 20million will give you 4.3 million or more annually

Now despite the fact that you will earn more (cash flow) investing in tbills. You cannot neglect the fact that for real estate , the value of your land which your house sits on rises yearly.
so u not just earn cashflow in real estate, your value of land rises.

so weigh your options bro. are you in for the long term or short term? Can you handle the rigors that come with real estate investment, getting rents from tenants isn't easy as it is on paper :-) Goodluck

Osahon7:
good morning Sir.. Sir please help a neophye with some....someone that want to invest N10Million in treasury bills for a maturity period of 1year what will be the profit?

actually you could make more than 1.8million.
most people here like to get thier interest paid upfront. but if in your form, you tick re-invest interest. the true yield for one year is over 22%
your 10million naira will yield about 2.1million plus.
the only difference is that you wouldn't get an upfront paid interest. you just get debited the whole 10million and get back 12.1million or more at maturity.
Most guys here don't observe the true yield. we mostly quote the discount rate (stop rate)

forget it bro, nobody will buy it. I have marketed mine here too with even pads and game all for 15k yet no sale

I am in interested in this power bank but u have just 3500. I am in Lagos, if you want to sell it. quote me lemme provide you with my number

jeebz:
.

If you were debited yesterday, it means your request will be included in the next auction in a fortnight. Always, ensure that request comes on or before close of business on the Monday preceding the auction.

that's not the way first bank operates. if you submit your request to first bank, you will be debited fully. if the transaction is successful u will get an alert of the interest paid upfront, that's if you didnt click reinvest interest. if you receive your whole capital back, it means your bid didn't pull through.
so to the pal asking about info from fbn, wait for the next alert. if its your interest then the bid was successful , if its your capital thats given to you as credit alert, then it was unsuccesful

olujaidi:
I understand your concerns but please refrain from alarmist rhetoric.

It's pretty obvious that the fall in the assets under management (what you referred to as fund size) fell because of the prevailing economic issues. Even the stock market with the exception of a few stocks performed woefully. The last GDP figures showed that real estate activities have also fallen. That's what happens when disposable income falls. People are finding it difficult to save not to mention invest.

Please note that MMFs have TBs, tenured deposits and commercial papers as their underlying assets which generate cash-flows. So the higher the rates on TBs, the higher the MMF yields and vice versa. The 16% you mentioned is as a result of the high yields on TBs. Also, TBs and tenured deposits are assets that can be turned into cash fairly quickly ie TB can be sold on the secondary market and fixed deposits can be liquidated within a few days. They do not need constant inflows as they are not Ponzi schemes.

yes I am aware of the assets under the disposition of Fbn MMF, however it still doesn't change the fact that thier fund size has been shrinking. despite the fact that the rates on t bills has been relatively stable, the rates on MMF has been increasing. the reason which I have said is to lure investors back.
I am waiting for thier January report to monitor the fund size. if the fund size drops further, maybe by a huge difference of 7bn, then caution will need to be applied. I am not saying FBN MMF is in trouble yet, I am just drawing investors attention both old, and new to the drying liquidity in the system, that's all

for those you asking questions about MMF. pls I would advice you stick to treasury bills.
I have been monitoring FBN money market fact sheet for sometime now. Just recently I discovered that the their FUND SIZE is reducing drastically.
As at March they had about 94billion
As at Dec 2016, it has shrinked to 24billion naira
A drop of 70BILLION in about 9months. which translates that First bank MMF (money market) investors are pulling out funds at an average of 7billion naira per month.
if situation continues like this, with no new injection of funds. then the left over 24billion in thier fund size will have just 4months before problem sets in.

its no surprise why their desk officers are seriously persuading old customers with a whopping 16% just to win thier hearts. if you do FBN MMF, better port all funds now to TBILLS. the future isn't clear oooo

I am going to play safe
91days - 13.5%
182days- 17%
I like being safe :-)

I have something to ask, according to what I have learned from our nairaland lawyer here omonilelawyer.
He says in the eye of the law, You must obtain the Governors consent when buying a land that has a C/O, so that the transaction can be deemed Legal in the eye of the law. now here's my question

supposing I buy a land with a C/O title and I haven't processed it to get a Governors consent. I have just the C/O and deed of assignment only upon completing the land deal, if the former owner of the land decides someday to charge me to court, do I stand a chance of winning?
Remember his name is registered as the owner of the land at the land registry because of the C/O. And I have learnt that there can only be ONE C/O
Now because I Don't have a Governors Consent, doesn't it mean that his name is still seen as the Valid owner of the land and I may lose that case in court, pls answer this?

pressplay411:
Forex experts kindly translate to English.

I'm not surprised Zenith has the highest volume. Wasn't Emefiele the former GMD of Zenith bank?

Saying the disparity between official rate and black market rate is the cause of increasing cost of goods, doesn't that also mean banks still sell bulk of the currencies to BDC against instruction of CBN?

yes sire CBN sells to bank at say $1-302 while bank sells to bdc at a much higher rate or they sell to you at a much higher rate if you use your debit card outside.

if you look at the quarterly reports from the banking sector, Forex has been their major thing boosting revenues. God dey

Adesiji77:
I can authoritatively say that most banks (if not all) pay 4.2% per annum.

The reason for this is simple: The Central Bank of Nigeria (CBN), being the regulator of the banking industry, directed banks to pay a minimum of 30 per cent of the Monetary Policy Rate (MPR) as interest on savings accounts.

The MPR is an interest rate at which CBN lends to commercial banks. It is also the benchmark rate by which the apex bank determines interest rate.

Currently, MPR is 14%. 30% of 14%=4.2%

While the minimum is 4.2%, most banks pay just the minimum. This enables them to reduce their interest expense and make more profits

This is understandable; banks, like every profit-oriented business, wants to make as much profit as possible.

you have spoken very well about the MPR and all but I stand to be corrected. No bank in Nigeria to the best of my knowledge pays 4.2% as savings interest. its within The range of 3.5%-3.8% p.a. I came out of a bank yesterday and I was surprised to see it still hasn't entered the 4% range. so pls take correction

Its not just towards elders alone but also among youths.
I remember sometime in the university, I bumped into an old time lodgemate.
he: Guy how far naa, long time.
me: I dey o, how are you now?

he didn't give me an awkward look when I said how are you now rather he went into his room and told his guys that can you imagine this guy told him how are you like he were some kid or something although it was said jokingly but it's to show that its beyond elders

guys I know don't like being greeted with such sentence HOW ARE You, the pidgin version HOW YOU DEY is better,lool

0m00:
@Feelamong and everyone

Thank you for your contribution to this thread. Please do you reckon it would be wise to invest from Europe? That is, converting to naira, buying Treasury Bills and then converting back when the funds are returned by the bank?

Your thoughts will be highly appreciated.

that's a big gamble bro, our naira can drop as much as 20% in 1month. just one policy can overturn all the interest made. a 20% depreciation of the naira can erode all the gain in One year investment of treasury bills. attempting such will make you not just a t.bills investor but a forex investor. If you wouldn't be converting the naira back to euros, fine . otherwise that's a big big big gamble because foreign investors still feel our naira hasn't depreciated fully enough for them to return....for me I won't stay off, except I won't be changing my naira to euro for long time

Alikote:
o.k till next 2 week it better to lock in for a year @18 cos the economy might recovery around june with crude prices going up naira rebounding inflation might come down...rate shall drop

very true , there have been predictions by economist saying Nigeria will come out of recession this 2017, or that inflation will ease this 2017. all these will likely tell on the rate, we are already expericing a slight drop in rates anyways