₦airaland Forum

emmanuelewumi:
The new buyer will get a true yield of about 12%, which you quoted earlier.

I apologize for this digression please. What happens to share price of a multinational organization like NESTLE should the Naira be devalued?

isangjohnson:
Please my brother needs an advice.
He bought three bedroom apartments from Federal Mortgage Bank of Nigeria at 9.2m. Ten percent equity of #920,000 paid and offer letter given. The balance of the money is to be deducted from his salary starting from January next year. He has twenty years left in the service. Amount to be deducted is yet unknown to him. He is planning to deposit 4m with FMBN to reduce the balance as well as the amount to be deducted.
He was equally thinking of suspending the plan especially now that he's yet to know the amount that will be deducted and rather invest the cash in Tb.
From my calculations using Mortgage Calculator, 20yrs tenor will be 14.2m @ #711,840 a year while 15yrs tenor will be 12.5m @ #838,452 a year to complete the payment.
The question is, dropping 4m with FMBN to reduce the balance of what will be deducted and investing the same amount in Tb, which one pays more?

First he will pay about #60,896.64 monthly for 20 years, almost #731,000.00 annually. If he pays 4m upfront, he will pay about #32,239.40 monthly for 20 years, about #387,000.00 annually.

If he invested the 4m in Tbills at 11% annually, he gets 440k annually which can be compounded and so on.
At the current rate 11.296%, the FGN Savings bond (3 years) will put about #113,000.00 on your table quarterly from the 4m and that will happen for 3 years.... the options are much.

I will advise that the 4m be invested and reinvested for 20 years. It should be worth over 25m by then.

Tell him to enjoy his accommodation and invest his 4m for 20 years.

@ahiboilandgas, I enjoy your comments and sincerely, some mysteries you have unravelled on this platform over time have made me know you desire that others would grow.

@Namz, the intent of the initial posts was borne out of disappointment and not jelousy or envy. He had probably looked at some of these people as mentors, but now he found that many of them actually don't fulfill his own perception of "humanness"; honesty and fair play which should be the foundation for wealth creation in the first place.

Personally, I am happy things are going this way in Nigeria because:

1. Many honest earners have been considered lazy by unsuspecting people.
2. Some homes are no longer together because certain folks have come with unwholesome wealth to fuel otherwise resolvable crisis.
3. It will serve as deterrent to many who are intending to go the same way
4. We need to emphasize on honest wealth and not just wealth from anywhere.

Hephzibahdrycle:
Good day guys!
Will be starting MMF with ARM tomorrow.
Any advice?

Know how to redeem your funds.

eniorisha:
Good evening, distinguished ladies & gentlemen! Pls I need your inputs & suggestions to make an informed decision about my investment life.

I av been investing in TBs for d past 3 years with my hard-saved money. The capital is approx N1.1m. Since my 3rd year till now I returned from my youth service, I av been living on d yield as my pocket money.

Now, 3 months after nysc, no job, no viable business opportunity with very minimal risk & I'm fed up with d meagre yield on my TB investment even in d face of decline in d rate & my full assumption of personal & a little of family responsibilities.

My tb will mature next month. I av d mind of diverting my investment to uber. I'll buy a uber worthy car & gv it to a driver to drive on my behalf as I'm a complete novice in driving & on roads drives. I know next to nothing about uber too.

So, I need your inputs, pls. How good or bad is my intention? Those who have idea about uber especially on average weekly return to d car owners shld help me with such information too.


Your suggestions & inputs will be well appreciated.

Your intention is to legitimately break loose from financial insufficiency, which is noble. However, your plan needs to be more informed in order to enable you achieve your goals.

Having said the above, i have a few questions to ask you:

1. How were you able to gather 1.1m?
2. Has that source ceased?
3. Can you reawaken that stream or adapt your current reality so as to get it back?

If your answers to the last 2 is Yes and No respectively, then:

4. Would you survive if you didn't have the 1.1m? If yes, how? Weigh the options, identify the pros and cons and get back to the house. You will need to do a serious assessment here. It may take you days; put pen to paper and get results that are close to reality.


Whatever you do, ensure you don't lose that money.

All the best.

tintingz:
Since God has the power to do anything and knows each everyone destiny, why put humans on earth to suffer? If God is actually benevolent he should do something that will not be bad for his creation.

Secondly, God is the one controlling people's life if he's the one that predestined everything.

Since I am not all-knowing, I can't claim to have all answers, one reason I still need God.

The above notwithstanding, let me attempt to respond to your question as follows:

God is the Almighty - YES. However, He doesn't impose His will; one reason you and I have a free will. Unfortunately, the Omniscient nature of the Almighty God makes him come across as one who determined the destiny of all flesh. His Omnipotence also makes it further difficult for many to see him as good.

But, come to think of it, God sees the end from the beginning and puts plans in place to address issues to come. God knew what choices Adam and Eve, King Saul, King David, Judas Iscariot, Peter etc. would make before they made them and He made his decision based on what he saw upfront.

The question many of us begin to ask is "why didn't he stop men from making the wrong choices?". I believe He has the power to do so, but coercion isn't an act of love. So, the embodiment of love himself cannot be seen as such. But then, He gives second chances out of his benevolence.

Why do we pray when God already knows what we need?

1. Because he commanded us to pray
2. When we pray, we demonstrate our dependence on Him and our trust in His ability to help us.
3. Burdens are naturally lifted in the place of prayers
4. Light (solution) comes in the place of prayer
5. Our confidence and strength is renewed in the place of prayer and so much more.

Although God knows what our needs are par time, circumstances of life make it difficult to acknowledge this fact often. This is what brings in unbelief, weariness and distrust. However, when we pray, these burdens are lifted, we become light and our faith builds; God becomes pleased and solution comes.

Does God answer all prayers? Depending on your definition of ANSWERS, a yes or no to the question will be correct. I believe a NO to some prayer points may mean not yet or not my will; those for me are still answers.

We must understand that effective prayers are those made according to God's will on the foundation of holiness (your obedience walk with God after you have been redeemed by the blood of Jesus) and strengthened by Faith.

billtommy:
Someone should please attend to this question. Im sure i am not the only one awaiting the response

You can open the domiciliary account under your Naira account and request that charges on the dom. account be taken from the Naira account.

Regarding the Tbills and Eurobond, the rate for the latter is definitely lower, the difference in rate could be as high as 6%. If you consider that the Naira may shed more than 6% of its current value, then, the Eurobond may be beneficial in the short term; in the long term, this is not guaranteed ( personally, I feel the Naira will eventually get stronger after this year, because of the reduction in Food importation and potential 70%+ cut in petroleum products import which I envisage will cut the demand on the dollar significantly).

senit:
pls I want to make a withdrawal from my stanbic mutual fund account
pls what are the process

I don't have a Stanbic Mutual Fund account but I think you just login and click on redeem. Then enter your secret codes and get credited within 24 hours - my wife has it.

Going forward, it's good practice to know how to cash out from an investment before going into it in the first place.

Daddybomboy:
My point is, I'll start a business with 500k and in 12 months, I'll have over 3 million naira in cash/assets (excluding OPEX)

You are talking about 500% profit in 12 months!
What legal business is that?

Bluezy13:
Hmmm...
Although your caption is fallacious regarding the content.

In the remote village called Mararraba, Donga LGA of Taraba state is where NYSC deemed fit to push me to.
Crises and insecurities looming round about us;
To the left, Jalingo deadly crises.
To the right, Takum crises.
To the front, Donga main town Massacre and blood shed between the Tiv of Benue state and their sister Jukun/Ichen.
Adjacent, Wukari war zone between Tiv (Benue State) and the likes.
Not to mention Fulani Herdsmen and their random killings... moving about freely with AK-47 etc...even in the presence of soldiers.
To travel out of this place, one needs to ensure and wait for the route to be safe.

Yet you'll not see this in the news, not reported on the television screen or newspapers, buried within the circumference of the crazy state with its government gone mute.

Then a mere killing of three (3) policemen, the internet won't let us rest, or is it because it involves policemen, soldiers and a kidnapper?? Or does it mean our security agencies value one (1) of their own more than thousands of Tarabians??.
An issue that about 90% of Tarabians are not even aware of because there are a dozen of serious insecurity issues bothering them(us).

Waiting patiently to finish next month and get the hell out of here.

Disclaimer:
The above content is from a borrowed phone.
The account owner of this platform is oblivious of it.

May God continually watch over you there man.

Please watch and pray.

Atigba:
Where did he plant the church, south south mostly and south east.

Oyedepo is from Kwara State, his people are Muslims

90% of people in his state are Muslim, let him start from home. The churches were planted in our region to continue to steal from our people and enslave.

The fulani people make up less than 10% of Nigeria' population, yet, many part of the country seems to be under their siege. This is not because they are more in number, but because of their nature.

The statistics of Kwara state is not as clear cut as you have painted.

Lastly, how many Jews believe in Christ Jesus today? Does it mean Jesus didn't preach to His own people?
Somethings aren't as logical as some others.

JeromeBlack:
See olodos.

The answer is c. You are a daughter to Teresa.

Easy explanation

Teresa = T1
Teresa's daughter = T2
Your Daughter = T3

T2 is the mother of your daughter. Either T2 is your wife or it is you.

So, to Teresa, you are either her daughter or an in law.

Since inlaw is not in the options, it is daughter, then.


Cc budaatum, capslocked, happypagan

Good one. I didn't like the "see olodos" part though.

From the question, there are only 2 possibilities.. if you are a man, you are an inlaw to Theresa whether legal or not [right] but if you are a female, then you must be Theresa's daughter.

Note
The above submission is because we have limited the possibilities. If your daughter is adopted for instance then so many options would become right.

chigo4u:
This is hilarious. Diamond bank one of the biggest in Nigeria also listed in NSE crashed. Most of Nigerian banks use Standard Chartered as intermediary for international transactions including stanbic ibtc. Btw, Standard Chartered is targeted at the rich, minimum opening balance is 50k. You shouldn’t have mentioned it at all. It is one of the most solid banks in Nigeria.

Opening balance used to be N250k. If the bolded is true, then they're coming to reality gradually.

First, if your "into each other" means premarital affairs, please stop it and ask God for mercy.

Concerning those traits you are now seeing, have you discussed it with her? Are those traits you saw in her that made you prepare to go all the way before still there?

2 things may be responsible for this sudden change in your disposition:
1. FEAR - What ifs?
2. Forces non-physical.

My advice

a) Ask yourself what you really want and see if she still fits in
b) Call her and discuss with her
c) Give yourselves some more time; it's not always advisable to rush into marriage or out of a relationship.
d) Deal with your mind - YOU WILL NEVER CHEAT ON YOUR WIFE; IT'S NOT IN YOUR NATURE TO BETRAY TRUST. Remember: As a man thinks in his heart (mind, brain) so he is; guard your heart(mind, brain) with all diligence because out of it are the issues of life.

Lastly, don't forget to embrace Jesus the Christ if you haven't; he is capable of introducing sweetness in any heart and marriage where he is invited and allowed to reign truly.

raybestman:
Jesus told john's disciple to go and tell john what they've seen. Jesus said if you've seen what I do you have seen the father in heaven. The blind see, deaf hear,demon possessed delivered, the sick healed, the captive freed. Love even your enemies. These are the qualities of God and by their fruit you shall know them. So my brother stop deceiving yourself and go pick your bible and read very well so that u can know d genuine man of God. Criticising what u don't understand may lead u far from d truth. This is how u people doubt and criticise d son of God until u finally crucify Him. Today is a great opportunity for u to change and stop living the same stupid behaviour of your ancestors because tomorrow may be too late.

You have quoted that scripture wrongly, read Luke 7: 22 again for clarity.

Note that prior to Christ' coming, no man ever did any of those miracles mentioned there in that scripture! It was easy to decipher then, not like today.

However, since Christ knew what would happen in the last days, hear what My Lord and Saviour said
"... such that if it were possible, they will deceive even the very ELECT".

There are so many magicians and many non-Christ followers who do all you mentioned in your quotation there so, it means nothing.

Meanwhile, your zeal was misdirected as you already started calling me names. Did I say the man is a devil? NO! Read again.

A demon possessed girl was making serious money for her mistress - to the mistress, she was "God sent"

The same demon possessed girl began to preach the gospel, telling men and women to believe the true servants of God who had preached to them - "God rejected her and her service"

A man who got money through ritualistic means may also become charitable - he may become acceptable to men, but not God.

Do not base your faith on any action or word of anyone but on Christ' as clearly written in the scriptures so that you will not become disappointed, offended and lose your soul eventually.

The devil also shows himself as angel of light from time to time... base your faith on Christ.

blackslayer:
Do the Math...it is absolutely selfish......If you were to think about the Child alone...then you would come to the same conclusion. Remove religion...And by the way your analogy is absolutely senseless i am sorry!!!

If you did the maths of what has happened, you will see it doesn't add up. Why do you think your maths now will add up.

"I don't agree with your analogy" or "Your example is different from the issue at hand" would have indicated propriety on your part.

All the best.

gypsey:
The poor child will become and orphan soon, At 72 how much time do you think they still have? another 50 years? come on! be realistic Mate! people shouldn't be having children at 72 years old. the child might end up with all kinds of illnesses.

Their case is not going to be as "realistic" because having a child at that age isn't.
In view of this, the one who gave them the child at this time of their lives is able to keep, provide and sustain the child.

Have you not seen some orphans who live better than those with both parents? It is not always wise to view life only through the mirror of our limited imaginations.

blackslayer:
i'm not sure they clearly thought this out with regards to the future of the child....they are already both old.....so there is a chance this child will have to deal with grief at a young age if he/she loses one or both parents. i'm just saying.....these people are selfish!!!!

Life is not that simple. If it was, no child would die before his/her parent.

They are not being selfish; why don't people who need jobs stop looking for them after even 10 years? You don't become selfish because you desire something noble and pursue it.

You should rejoice with them and wish them well.
Age is just a number...

You can do both, but if the location of the Ministry job isn't safe from the Freight business, I will advise you to ignore the Ministry job and embrace the private business.

However, please, be sure your uncle isnt going to change his mind.

Is there anyone still bidding with Standard Chartered Bank? Their rates were almost always below 0.01 of the CBN closing rates those days.

ahiboilandgas:
trucking is capital intensive ventures ,u need around 10-12m to couple a 45000 litres truck ,then the truck will be registered under a multinational oil company to deliber product nation wide ....mobile NNpc mega ,nipco,MRS,total ,conoil onando ,forte oil are the main players but u can't get a contract with a single truck minimum fleets,10 but there is a way round it u can add your fleet to exiting contract owner and have a subcontract .get paid but it for strong men with good shock absorber but insurance always help out Lagos to kano is 19 x45000 =855000 ...deseal 1200 x215 loading expense 50000 net income is around 480 k per trip.. ..warning na strong men bussiness

Thank you again.

What about these FMCGs, do they require as many as 10 trucks? Do you have any knowledge of trucking in that industry: payments etc?

Thank you so much Ahiboilandgas for opening many eyes, including mine, to these money making options.

I noticed that many of us have been asking questions about the BDC, perhaps because there was no picture of any losses on the business posted . I am a culprit too.

But then, how can one start trucking business; if you don't mind, could you please share your experience here? I'm sure you may still write a book on all these in the future "Building Millions in a sick economy; My experience" and you can always refer to this webpage in the book.

Apologies to those who may see all these as derailing the thread. We are only sourcing for more funds to put in Treasury Bills.

Thank you.

ahiboilandgas:
u need a bdc lincense from the cbn ,u register a company with share capital of 35m then u deposits 35m with the cbn until lincense is out cbn will pay interest on the 35 m and return it back after lincense then you start weekly bidding via your bank ,like we do u tb ....u wires 7.2m in the company account cbn debit and credit u with 20000 k dollars u sell to black marketer u profit is around 50 k naira bidding is done 3 time now 75000 dollars weekly .u can make around 225 k naira if u hold on a little after bid ....good luck in your plan to hammer .....but be careful some guy might think u be yahoo cos u will just be chilling

Edited.

Information is indeed power; I used to think BDC is an exclusive preserve of the abokis.

@ the bolded. So, the 35m gets returned with 7% interest after the license is secured.
Please just how long would the 35m stay with CBN; I mean how long does it takes to get the license after making the deposit? Six months! I guess all internship can be done during this period too.

Also, are there other things involved: any inspections from CBN or their designate etc.?

I believe the last 2 pages, the current and perhaps a few more to come will go down in history as some of the greatest revelations here on Nairaland.

ahiboilandgas:
I started investing in treasury bills in 2007 in first bank with 4m ,I own and manage several oil tankers ,if i liquidated my tankers and put all in tb it will be around 150m ....i finish university at 24 ,I also built my 4 apartment house in 2012 but I have several friends under 40 you own filling stations ,bdc,and several trucks the owner of red star petroulim is 37 and has office in ikoyi .....he started company in 2012 as a youth coper

Great! I see focus and courage.

I have been motivated a lot by the wealth of information from this platform. It's actually yielding fruits. But sometimes, it's good to hear possibilities from people who have gone through the hurdles leading to them.

Gforce2019:
I smelled lie in your comments. How do you invest that you are getting 800k monthly. Eniyan o tan re bi Iya ibeji

It's not impossible. If his investment is about N80m in Tbills he'll make 800k/monthly even if the 364 days rate isn't more than 12.6%. Now, I believe he has investment in othwr sources.

Having said the above, my question is how were you ahiboilandgas and many others on this platform able to achieve this feat in such a shortwhile: at under 40? Please this is not a querry but an inquest into some aspects of wealth creation others have explored that some of us have not.

Good day house.

Please can I get introduced to a stockbroker? The last one I worked with was in Ibadan 12 - 13 years ago as a student investor. I don't have his contact number again.

Thank you.

Jubilancy:
Most guys here keeps saying they hate women, they hate women come on its not true that we are betrayals or heart breakers....
Its just most people these days don't really take out time to really know their spouse and see if they are meant for each other or meant to just be friends .....that's why you see most relationships have turned to social media image making ....by presenting to millions of people a front that all is well...
Anyways my point is know your pathner to an extent that you can vouch for her/him before diving head on into marriage.
Anyways sha what do I know.

Are you married please?
I asked because if you are, you will know and agree with me that you can never completely know and understand your partner before marriage, and sometimes even in marriage.

However, marriage, when done as it should can be the best thing ever to happen to a man or woman. For those considering baby mama etc. well, know this for sure, what a man sows he shall also reap: if you impregnate somebody's daughter - If you have a child, you will know how difficult it is to father or nurture one - be sure, one day, that your treasured daughter will become some random guy's, who is so afraid of taking up responsibility, baby mama.

Finally, I am surprised at the way people come out to condemn actions like the one reported by the Op; this is who the present day society is! A morally deficient one with confused sexuality. Who are the people we strive and desire so much to be like? Are they not the so called celebrities; many of whom cannot even take up responsibility to husband a woman, father a child full-time and/or endure the initial pressures of marriage?
Well, this is who the society has become.

Most of these people coming out as friends of the poor today do not give a kobo to the poor.

The truth is many of you guys are simply siblings to Judas Iscariot the thief and robber who claimed that an expensive gift given to Christ should have been given to the poor.

But, I must not end this comment without stating in clear terms, NO MAN WILL FOLLOW THE TEACHINGS OF BISHOP DAVID OYEDEPO I KNOW THAT WILL BE POOR.
Unfortunately, some people only appear to follow the teachings but are not actually doing so.

Lastly, it is indeed true that the poor shall not cease from the land.

I hope it starts soon enough.

Denizsmart:
i am 26

Great news there.

1. Do you want to stay in Nigeria?
2. Which career path do you intend to tow?
3. Do you have sponsors willing to take you until you are able to take yourself?
4. Would you like to compete with the best and the finest in the world?

A sincere response to all the above will enable you make effectual decision(s).