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Investment / Re: Treasury Bills In Nigeria by Cyberknight: 3:25pm On Apr 01, 2021 |
afroxyz: I don't remember proffering that assertion. And, as an aside, not all entrepreneurs have to own land and physical plant, some trade with knowledge/skills capital. |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 3:16pm On Apr 01, 2021 |
afroxyz: You havent even followed the line of argument. The statement was that "a football club is not structured the way a bank is". Draw the meaning from that. |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 3:09pm On Apr 01, 2021 |
afroxyz: Obviously not. But a football club is not structured the same way as a bank is. Just like in film making - some players are deemed more bankable than others, just the same way some actors get bigger paydays than others . Another school of thought has it that the players are to be classed as its assets, and we all know assets have different values. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 3:00pm On Apr 01, 2021 |
afroxyz: He's on a short-term contract of employment in that case. A contract for services, as it's generally termed in the UK. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 2:59pm On Apr 01, 2021 |
afroxyz: The status is dual. In the UK, the tax authority treats them as employees. In the EU they are generally considered employees as well. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 2:54pm On Apr 01, 2021 |
NL1960: That's where entrepreneurship comes in - you have to sell that idea to financiers or finance it yourself. Your ball-kicking skills are only one element of the whole package. |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 12:01pm On Apr 01, 2021 |
Lazyyouth4u: I know, my tongue was firmly in cheek there. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:20am On Apr 01, 2021 |
Lazyyouth4u: Very true. Apart from buying and selling, true entrepreneurs as you hear about in other climes are few and far between these days. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:17am On Apr 01, 2021 |
Donbrig: Well said. The only reason why Nigeria has not yet collapsed is that the politicians are still sticking around to milk it dry of every last drop. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:12am On Apr 01, 2021 |
Lazyyouth4u: Football na entrepreneurship na. You're selling your skills in kicking a ball to millions of people across the world. 4 Likes |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:10am On Apr 01, 2021 |
Lazyyouth4u: And the lack of fertile ground. Beyond the issues of raising capital, Nigeria presents more conditions to favour failure than to encourage success. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:08am On Apr 01, 2021 |
Lazyyouth4u: Also speaking from experience. All that stuff about people who have irregular incomes in Nigeria being more likely to owe rent is not factual. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 10:56am On Apr 01, 2021 |
Lazyyouth4u: Not true. Anyone can owe rent. Even persons on regular incomes from salaried employment owe rent too. 4 Likes |
Travel / Re: General UK Visa Enquiries - Part 4 by Cyberknight: 7:51pm On Mar 30, 2021 |
MercyBA: You should use your own account. If you've gotten a job in the UK, surely your parents can transfer the naira equivalent of £1,270 into your account for 28 days? |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 2:05pm On Mar 30, 2021 |
emmanuelewumi: If you have $1 million in 4 bank accounts in different banks, e.g $1 m in Zenith, $1m in GTB, and so on ($4 million?), you will get $250 x 4 = $1 million, if all 4 bank accounts are held with 4 different banks all of which fail. If you have $1 million spread among 4 different bank accounts with the same bank (e.g $250k in a current account in Zenith, $250k in a savings account in Zenith, $250k in fixed deposit account in Zenith, etc.), if that bank fails you get $250k only. Note that a deposit guarantee is just a means of immediately providing depositors with money to keep them afloat until after liquidation, when they will receive shares of the liquidation proceeds proportional to their deposits. |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:48am On Mar 30, 2021 |
Lazyyouth4u: Correct. Provided sharp - sharp in civilised countries, we all remember 2008. |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:30am On Mar 30, 2021 |
Lazyyouth4u: No, Barbarians at the Gate is about KKR and the tobacco company they did an LBO on and sunk. Miliken was involved in the S&L deregulation debacle, there's another book about his activities, whose name I can't remember just now. Edit - I googled : Inside Job is the name. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:17am On Mar 30, 2021 |
emmanuelewumi: More's the pity, maybe that's why SMEs are forced to rely on rapacious banks and FFF (family, friends and fools). They should allow high-yield paper issues, maybe limit uptake to institutional and not retail investors. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:12am On Mar 30, 2021 |
emmanuelewumi: I don't think deposit insurance is prorated. If you have $1000, you get $1,000. If you have $1,000,000, and the cap is $250,000, you get $250,000. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:11am On Mar 30, 2021 |
Lazyyouth4u: This is true. Junk bonds generally pay above-average yields, so if your appetite for risk is high, there are deals to be found. Remember Michael Milken and the legalised scams he perpetrated at Drexel Burnham Lambert in the 1980s. |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 11:08am On Mar 30, 2021 |
emmanuelewumi: Something like that yes. There are also some exceptions which I don't remember, something along the lines of specific deposits getting full coverage for 4 to 6 months, etc. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 10:56am On Mar 30, 2021 |
emmanuelewumi: Just to clarify, deposit insurance is different from the priority of secured creditors. In principle, the government through NDIC provides a guarantee and is supposed to pay all depositors up to that fixed amount irrespective of whether the bank's liquidation proceeds can yield that much. As an aside, in the light of current nairanomics, 500k is a ridiculous amount, less than 1,000 pounds. In comparision, the FSCS guarantee in the UK covers up to 85,000 pounds per depositor per credit institution. 1 Like |
Travel / Re: General UK Visa Enquiries - Part 4 by Cyberknight: 1:37pm On Mar 26, 2021 |
Tmeegal: They don't have a phone number. |
Travel / Re: General UK Visa Enquiries - Part 4 by Cyberknight: 9:48pm On Mar 24, 2021 |
Maiyakz: https://www.gov.uk/skilled-worker-visa/your-partner-and-children 2 Likes |
Travel / Re: General UK Visa Enquiries - Part 4 by Cyberknight: 9:43pm On Mar 24, 2021 |
goryorhal: Call GTB to activate the card. If you've done that, you should see a separate Mastercard/Visa account in your internet banking profile. This account is for your card alone and is separate from your USD domiciliary account. Transfer money from your USD domiciliary account into that account using your internet banking. If you don't have internet banking, then you will have to go into a branch to do it. Then use your card. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 2:19pm On Mar 23, 2021 |
budaatum: Nigeria will soon join Turkey and Argentina in the multiplicity of ultimately futile central bank currency interventions. It's a question of when, not if. The only prayer is that we don't join another list of countries - the one that contains Venezuela and Zimbabwe, but with Emefiele and Buhari doing the thinking, I'm not holding my breath. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Cyberknight: 2:13am On Mar 22, 2021 |
ojesymsym: Yetunde Brown is "deeper" inside Gbagada and the access roads were bad (no idea if they've been fixed), been some years since I was there, knew someone in that area, who later moved. Medina Estate is closer to the main roads, you just exit the main gate and you can quickly link either 3rd mainland or Gbagada Expressway. I would take Medina Estate over there. Medina also has excellent security. There's also an estate called Millennium Estate, which is also excellent in terms of security, but it's only slight disadvantage is location, it's after UPS on Gbagada Expway. |
Travel / Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 5 by Cyberknight: 4:15am On Mar 21, 2021 |
hosey: I see someone has posted the CRB website and no he doesn't need to come to Nigeria. |
Travel / Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 5 by Cyberknight: 3:41am On Mar 21, 2021 |
justwise: I see where you are coming from, but the point is that the CRB process, to the best of my knowledge at the time, works that way. The first time I got one, I was still in Nigeria. I went down to Ikoyi myself, and when I got there, I asked them what to do and I was directed to an office where I met one chap (not the guy who was extensively advertised on the Canada thread) who took my fingerprints and a copy of my passport and gave me the form to fill. He then told me a price (6k or so, can't remember), told me it would take about an hour, and then we went through the process, they issued me the certificate. So when I was outside Nigeria and I needed another one, I simply contacted him again, and he told me to download the form online, get a stamp pad and place my fingerprints on it and send a photo to print out along with a copy of my passport. I did that, and scanned it to my cousin, who printed out the form and photo and took it there and the PCC was issued. Given that the process I followed from the UK was the same process I followed when I was in Nigeria, I have to say that there's no "encouragement or fostering of corruption there", because it was exactly the same thing. I didn't pay anything to facilitate or queue-jump the day I went to Ikoyi myself, I went there early in the morning and was the only person in their semi-furnished office for the whole hour or so I waited. I am well aware that like many such processes in Nigeria out of the 6k I paid the first time and the 7.5k I paid the second time, probably less than half of it went into government coffers, but that's the way that particular system has been programmed to operate and I don't see how that can be circumvented unless you don't want the PCC. To the best of my knowledge, there is (or was 2 years ago) no online PCC portal, no Remita or official paypoint where you go and pay only maybe 2k or so and get an official receipt then go and demand issuance of your PCC from the police at that price, no such thing. It's totally different from the passport process for example, we all know how that works, I was impressed when I read here that you can go online and pay the official fee and then go and demand "capturing" and issuance of your passport as opposed to just paying an amount way above the official fee to get one ASAP with as little hassle as possible which has become normalised. We all know the difference between the two and the second process is to be discouraged. If I needed another, I would follow the previous process I went through again, which is definitely official because it's the exact same process I would follow if I were in Nigeria and had gone to their offices myself and your presence is not needed for a criminal records check. I see it as being akin to having another passport issued for countries who do the passport issuance process by mail for their citizens residing abroad. A previous poster mentioned something about a 100 quid fee for Nigerians abroad to get this done. I didn't know about this before, but that's a shitload of money and I see that fee as simply being the usual extortion the government applies to citizens abroad with the mindset that they have money to pay, and do not see anything wrong with saving myself money by following yet another official process. 1 Like |
Travel / Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 5 by Cyberknight: 2:46pm On Mar 19, 2021 |
FieryJoe: You don't even need to go to your police HQ. The central records are at Alagbon, Lagos, and its the people there who issue police clearances. Ask around, you can get someone's contact details (or check the Canada thread here on Nairaland), then you just fill the form, fingerprint and scan and send it and a passport photograph by email and they'll send back the PC to you. I got one that way a couple of years back, 7k or so. 2 Likes |
Travel / Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 5 by Cyberknight: 2:37pm On Mar 19, 2021 |
Olorunfemi101: The certificate expires after 6 months. |
Travel / Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 5 by Cyberknight: 2:35pm On Mar 19, 2021 |
solalal36: Give them what you have, and if they dont accept it, then try elsewhere. Application to universities in the UK is generally free, and they want to get you and your money. 2 Likes |
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