₦airaland Forum

DeepSight:
It's insane to sentence anyone to jail for that. That should be a civil case and he should pay damages or suffer another civil penalty.

Jerrygotswagg:
you have any ideal what’s their percentage rate for mmf since Stanbic is 21 percent or how do I check the percentage

Jerrygotswagg:
I bank with Zenith bank . I want to invest in money market funds. Do zenith bank offer mmf? If they do , what’s their rate ? And if they don’t , can I use the popular Stanbic ibtc money market even do I don’t have any account with them and I reside in Florida.
Do I have to have an account with Stanbic ibtc before I can invest in there mmf?
Please which other banks offer mmf ?

enque:
So sorry I missed this
I hope you eventually got it sorted?

enque:
Your interest will depend on the tenor you wanna go with, I.e 180 or 270 days.
Obviously 270 days will give you more

iamrichiefola:
The return should be about 560+ for 180 days and 880+ for 270 days

Sophie888:
I pray and hope all these would be resolved by tomorrow.

Sophie888:
I pray and hope all these would be resolved by tomorrow.

Sophie888:
Pls did you get the acknowledgement mail?

Sl2348:
How are you able to scan them together? By saving as PDF?

bisiofgod:
Can one submit more than one certificate?

Emir01:
How can we resolve this. The continue fade out and we cannot click continue

babyboom:
once you click on the professional certificate u have, you will have the option to continue as seen in the attached

mu2sa2:
It was an all-out madness. Nothing to do with religion. Though the antagonists were Muslims and Christians, it was an ethnic-based violence. If you're in Jos North and you look like someone from jos South, even by your dressing, you're set upon. Jos north has a large Muslim population. The opposite was happening in jos south: if you look like a Muslim, even by your dressing, you're done for in that Christian- dominated area.
The Muslims were not doing it for Islam neither were the Christians doing it for Christianity. It was pure MADNESS fueled by ethnic bigotry.
Thank goodness, after all the madness of those days, there's some sense of saneness now. Though, I'm just wondering how the mainly young people who perpetrated the madness are dealing with their conscience now.
Violence of any kind involving taking of human lives is destructive to the soul. It takes a heavy toll on both the victor and vanquished alike. Take the ongoing isreal- hamas war for instance. You'd think it's all good for isreali soldiers given their upper hand in the conflict. Not necessarily, because there are reports of thousands of them now battling ptsd. I read of an isreali soldier who said since his return from the war front in gaza he couldn't eat meat anymore on account of having seen mangled human bodies of both sides. War is terrible for ALL. PEACE hurts nobody.

Lampy336:
Try to get her pregnant and leave that to her faith and let her feel the heat of been a betrayer and backstabber..


Then you will tank me later..

awesomeJ:
1. Except you find someone that will buy the bills from you below that 18.8%, liquidating won't make any difference.

2. 352-day Tbills at 15.5% discount has about 18.3% yield which is close enough to the MMF yield.


Since you actually bought in March, my opinion is that that 15.5% deal you took wasn't fair enough as rates for long dated bills were already in the 20% levels.

Again, liquidating the bills to seek 18.8% in MMF isn't worth the effort as you're already getting over 18% yield.

Itsrm:
Your net gain will be less than 100k. Not worth it in my view.

awesomeJ:
I don't know when exactly you bought in February, but I'll assume late February implying that you've held for 90 days.

If the bank decides to discount it at 22%,
Term to maturity is 262 days.
Discount to the new buyer should be 5000000*0.22*262/366 = 790k approximately.

This means the new buyer only pays you 4,210,000.


At the time of purchase, you must have gotten a discount of about 747k meaning you were debited 4,253,000.


So your investment of 4,253,000 in February will now become 4,210,000 now, implying a loss on investment of about 43k.


Kindly note:
1. There are fees that may add up to increase this loss amount.
2. The actual loss may be slightly different since you didn't state the exact date you invested and I don't know the exact date you'll liquidate. But I think 90 days is a good approximation.

3. The primary reason you're losing money here is cos you bought at a low rate(15.5) and prevailing rates are now higher.

4. If the bank doesn't request for a discount as high as 22%, your losses will be reduced, but the higher the discount you're offering, the easier it is to get a buyer and the faster the liquidation.

awesomeJ:
I don't know when exactly you bought in February, but I'll assume late February implying that you've held for 90 days.

If the bank decides to discount it at 22%,
Term to maturity is 262 days.
Discount to the new buyer should be 5000000*0.22*262/366 = 790k approximately.

This means the new buyer only pays you 4,210,000.


At the time of purchase, you must have gotten a discount of about 747k meaning you were debited 4,253,000.


So your investment of 4,253,000 in February will now become 4,210,000 now, implying a loss on investment of about 43k.


Kindly note:
1. There are fees that may add up to increase this loss amount.
2. The actual loss may be slightly different since you didn't state the exact date you invested and I don't know the exact date you'll liquidate. But I think 90 days is a good approximation.

3. The primary reason you're losing money here is cos you bought at a low rate(15.5) and prevailing rates are now higher.

4. If the bank doesn't request for a discount as high as 22%, your losses will be reduced, but the higher the discount you're offering, the easier it is to get a buyer and the faster the liquidation.