₦airaland Forum

wahalaO:
Get from Buchi Gadgets, Computer Village Ikeja

Yea, great guy. I got my Redmi Note 9 Pro recently stolen from him in Dec 20.

Akerewe:
Pls house, what is the current maximum transfer limit per day in Nigeria as @ June 2023

It depends on how and where you want to do the transfer. I think from the Banking Hall it is limitles. However, from the Mobile apps it is dependent on the limit you set. Most apps have 500k and 1m as their default maximum limit. You can increase it from there to 5M or 10M Maximum on request. Then if it is through ATM some can allow 150k, others 200k and 250k Max depending on the bank.

noobody:
268k

Cheers

Thanks. I was asking of the pro 5G ooo not pro + 5G. The price seem to be for the pro +.

Anyone have Redmi Note 12 Pro 5G 8/256G here? If yes, what's the price let me see if it is around my budget...

Scientheosopher:
The difference is that Pro+ has better main camera (200MP vs 50MP) and faster fast charge (120W vs 67W).
Both use the same SoC, so they have the same performance. Pro is cheaper.

Yes, I see it that way. Thanks.

Debroslink:
One has a better camara and charging technology than the other. The rest are the same I guess.

Ok, thanks.

Please house what is the difference between this two phones?
Which one is better in performance, and which one is cheaper?

XIAOMI Redmi Note 12 Pro 5G

XIAOMI Redmi Note 12 Pro+ 5G

Entrepreneurrr:
Can you recommend getting this powerbank ?

@ genius43
@ jboixxx
@ atheistandproud
@others

I got one of this from there last year that is very good and even better than the Original Yoobao I bough for a more expensive amount back then. Thus, I just added another one of it to my cart that I am yet pay for.

However, I don't know if they mixed the original of it and the fake together because I am also seeing some negative opinions/reviews of it there. So it's a kind of 50/50 think..

abraolas1:
Thanks for this explanation ; Just a quick question

is it possible to invest less than 5million on any commercial papers? if yes , how

thanks

Most times, the least amount they require is 5M. However, once in a long while you might see something lesser. I have seen 2M before but it's not easy to come by these days.

Hidewell:
Good day, sirs and ma. I moved to Abuja to work as an Administrative assistant at (name withheld) close to Galadinmawa. The agreed pay with my employer was 50,000 which I accepted because I don't want to stay idle and I wanted to garner experience.

The Friend's house I stay is in Kagini. Those that know Abuja will know this place. The transportation cost from the house to my place of work is 1,100 and coming back same, which makes it 2,200 every day excluding Saturdays and Sundays.

After crossing my T's and dotting my i's I found out that The total cost is 2200 x25 days= 55,000 with a 5,000 deficit. The organization provide light breakfast and lunch. So, my food is a bit covered.

I am just confuse now. I talked to the organization for a pay rise but they gave me a stiff neck.

Please what will you advice me to do. I am seriously frustrated with the look of things. Do you think it's worth it.

P.s. I have worked for a month there now. I am scared my friend will complain that I am not contributing.


. I'm drained and frustrated.

The issue is that you said you are squatting with a friend which implies that you are either not very good with your way around yet or you do not have the means to get your accomodation right now.

If the former is your case, then I will have to that Galadinmawa is a habitable suburb. You could still houses with decent rent around there. Staying around there will reduce/eliminate TP to work from your spendings. To be frank, Kagini and Galadinma are lengths apart.

If the later is your case, then you will still have to discuss your situation your employer again and this time, instead of pay rise, discuss the possibility of getting an accomodation with them.

richforever123:
What does discount rate and Implied yield mean

How do I know the interest I am getting?

This is how I see it from my layman point of view. Professionals can define them better later.

I see discount rate as the actual amount of money that's discounted as interest when you invest while Implied yield is the amount/rate you are expected to get if the interest is invested with the principal.

This is how I calculate..Using the picture attached, if I am to invested N1,000,000 in the Series 10 CP, The discount rate is 14.7181% for 268 days.

What I will simply do is to carry my calculator and press;

1,000,000 ÷ 100 * 14.7181= 147,110

147,110 = 365 (Number of days in a year) = 403.041096

403.041096 * 268 (The actual days of the investment) = 108,015.014.

Your Discount rate is N108,015.014. Barring any transaction charges.

This discount/interest rate is given at the begining of the investment. If was given at maturity it will be the actual interest rate. However, since it paid at the begining of the invest it expected that it would have earned same percentage of interest if invested along the principal and that would have resulted in higher interest.

emmanuelewumi:
If you started from Treasury Bill or FGN bonds investment before trying the stock market, please identify yourself.

Such people tend to be better investors, they learn the trick faster, they understand the importance of investment income in compounding the portfolio and have better risk management.


My opinion though

We dey here ooo..Na just look we dey look first make e no be like say we dey take sides. A lot of newbies that just entered and have made small gain will not understand the caution till they are left to carry the can. No matter how much gain an insurance stock will give in this Nigeria I will never touch it. Not even Mansard. That's personal for me.

No matter how much caveat you put on noise, some people will want to follow the noise because that's what they see/ hear at the moment. So it is necessary to have dissenting voices to reduce the noise and also make newbies intending to invest ask necessary questions. That's how it should be. It should not be seen as an attack rather it should just be looked at as different shades of opinions, nothing to quarrel about.

Some people I told physically based on Pa Emma's advice not to invest in Digital Agriculture and HYIS then, are presently part of the group visiting 101.1 FM in Abuja seeking assistance on how to get back their capital. (The return of the capital is better than the returns on the investment).

aremso:
If your salary is 100k plus lock in 10m if rate is 10%. Do the rest of the calculations if i earn 1m monthly.

If he locks in 10m @ 10% that's like 83.3k monthly ooo.

feelamong:
It has been paid. Contact your Custodians if you are still having any issues receiving yours

Are you sure about this?

I have'nt seen mine and one other person I know and am sure of have not seen too.

iamrichiefola:
Please does anyone have a contact in United Capital? I have completed the account opening form for over a month. I keep sending them reminders after reminders, they sent a form last week for me to complete (which I did) they haven't reverted since then.

0816

828

2396
You can chat them up on What's App with the number above. Reminders sent there is easily seen and attended to.

YoungBuffet:
Pls guys how do I withdraw my interest gained on my stanbic mmf?

Normal you should have indicated that the interest be paid to a particular account while subscribing.

That said, it's two ways. You can request for redemption of the interest amount on your app if your security question is already set or make the request through a branch Stanbic IBTC Bank.

IYGEAL:
Thank you.

I understand the COUPON RATE as simply the interest rate, which is always annualized.

Yield to maturity is the total rate of return that will have been earned by a bond when it makes all interest payments and repays the original principal.
YTM is essentially a bond's internal rate of return if held to maturity.

IYGEAL:
Thank you.

You're right, the 2024 bond is not on sale as the link for BUY is not highlighted and not clickable.

Still a little confused about YIELD TO MATURITY.

Before financial experts and statistician come for further clarifications.

Let me try to explain with my little understanding. The coupon /interest rate on the FGN Bond 2025 you posted to be splitted and paid bi-annually is 13.53%. The actual amount for that bond when auctioned was N100. The amount they are asking for it now is N107.240. If you buy it at this rate now, you have paid extra N7.240 for it. Even at that, the coupon/interest rate will not change.

For example, If you are to invest N100,000 you are expected to get N13,530 annually to be splitted and paid N6,765 on the 25 Mar and 25 Oct yearly. Now if you buy it at that asking price, you will pay N107,240 to get the same N13,530 annually.

aremso:
Thanks. They opened the account for me in their PH office but how do I access it on the app

I think they are to do the SETUP with temporary password and send you the details. Then you will change the password and also set your security question and answer incase you may want to do online redemption/withrawal later.

If your account is set and you have gotten the number, you can contact them for the web/app login details.

aremso:
For stanbic mmf, is there any app to monitor my investment and if there is any how do I check my investment in it.

Yes there is. It's one Stanbic IBTC App Housing all their product. You just open the app, choose mutual fund and login if you are already an investor or create instant account if you are a new user.

Lungdick:
Guys please i have a question. If i invest in mutual funds, is my capital at risk or it's only the interest and/or interest rate that flunctuates. I need clarification please.

It depends on the particular mutual fund you choose and the assets it is invested in. Any mutual fund that is majorly stock based like Stanbic IBTC Nigeria Equity Fund, Balanced and Imam Fund can loose it's interest and even eat into the capital too when stocks are down. Same way the interest can skyrocket when the grass is green. However, mutual fund that is majorly based on money market and fixed income assets like Stanbic IBTC MMF, Bond Fund and Fixed Income Fund does not affect capital and interest already earned. However, the expected interest could decline based on the prevailing market condition.

juniorrate:
Gtco rate till yeaterday and they re still topping the chart among other fund manager. The true is that mostly the minority investor complain about dissatified of their services and their easyinvest link is still ok till now. interest is paid at the end of quarterly

The above could just be personal claim by the company as there is no avenue to verify their claim.

otomatic:
You can still log into your GTCO funds management portal using the same credentials you used with investment one but via https://easyinvest.gtbank.com/#/auth/login

I was having an account with investment and followed their movements from the easyinvest to ziing.

I have tried both my email address and customer number on the above links and it keeps telling that an error has occurred I should please try again later.. so you see, nothing seem to be correct with them so far.

sophy17:
And that's why I said one must do it right or engage those who knows how to do it. How can someone give his/her house to a tenant who's paying with a loan?
The REIT route invest in property with your money but give you what they want to!
Yes, Getting a genuine land to buy is a big issue but there are Professionals who does that for a fee. Many will call mechanics to help them check a car of 2m before buying, but will not engage the service of a Professional to carry out due diligence before buying a land of 10m.

Oga just go ahead and do your marketing. Who want follow go follow you. No try convince/confuse anybody from weting people don learn from experience. Experience is a better teacher.

All your own na hussle for your commission. After you don collect your commission, what next?

Pursuing tenants yearly to get fresh commission?

Advising the landlord to increase rent yearly that will frustrate tenant to either pack or cause issues? Or

Collecting appearance fees to appear appear in court on the landlord's behalf.

Which of the above go benefit the house owner as an investment?

Kcitytv:

https://www.youtube.com/watch?v=gcoSKcezyEc

In this video I asked Hausa people living in the northern part of Nigeria what they like about the igbos

Nice to know from your video that the Sculpture Garden is still fine and intact. It's a heritage worth preserving and handing over from generation to generation.

Hotwest:
Sometimes na all those parents wey no dey release money and they have these kinda thing use to happen to...

It's not good though to even reason doing something like this.

Like me now my dad is worth almost a billion but you beg him with different business idea and all for 500k to lend you or 1million so you can set up yourself well and start your own family but this man would never so far listen or release his money

And some humans liked this post? However bastardly rich your dad is, he worked for his money. So any right thinking and not over pampered or entitled kid will either be contented with whatever he is given or find a way to work for his own. Most times over pampered and entitled kids are not good money managers. They don't do anything reasonable with money. All they do is squander and once their parents; especially those that worked hard for their money sees that, they will not entrust the kids with anything tangible until they see signs of responsibility in them.

There are orphans and those whose parents have no means that have legitimately worked for themselves and have come off better. So thinking about crime is not an option let alone kidnapping with all of it's strict consequences.

I just hope that when the law decides to take its course their parent will not be blamed for it.

It has helped me in so many ways. Some that I can even remember. Severally I have tried to search google for answers/solution to issues and Nairaland will come in my search box with extensive discussion on it.

Nairaland for a while now has been my major source of news/ news confirmation. I use my phone a lot so at intervals, I check the front page of for news updates. Also, when ever I hear anything news and what to check it's authenticity I will come to search for the link here.

I came across it not quite long after it was launched. It was my 'go to' for job vacancies then. I got lots of information here then.

NL1960:
Is it that one that wants to raise some billions to trade gold and buy bonds?.

26% is too risky for me. Moreover 2years is too long for me. What is the guarantee i will get back the Principal?.

That particular one was already past before s/he brought it up here. Though there are other CP's advertised there with good rating to choose witth caveats. I think s/he is just trying to build twitter followers from investment threads on Nairaland, because I see his/her post on almost all the investment threads.

Sub- National Bond: Lagos State Government

ernie4life:
Hello house,

For those of you interested in investing in dollar but can't source dollars, you can try Optimus by Afrinvest.

Optimus is owned by Afrinvest that is fully registered with SEC, Optimus is their app that smplifys invest.

With the Optiflex you can earn 5%(fixed) for dollars and 10% net for naira as at today, the app always offers you all of Afrinvest regulated mutual fund like

Afrinvest Plutus fund(money market fund) currently 10.76% net(as at today) minimum is 100 naira.

Nigerian international debt fund.(fixed income fund)

Afrinvest dollar FUND.
and Afrinvest equity fund.

You can download the app, name and is Optimus by Afrinvest

Everything is on the app.

How do you fund the Afrinvest Dollar Fund/ on the Optimus?

I have never eaten cocoa as a fruit. I have only taken the processed one. Also, I have never eaten rose apples. Apart from that, all the rest I have eaten. However, sugarcane is said not to be either fruit or vegetable but a perennial grass instead.

Kzdguru:
I will like to be part of this, kindly guide on subscription process. Many thanks

Google Coronation Merchant Bank website, go to the 'Contact us' option there you will see their email and phone numbers. Mail them in respect of the Robust Int'l Commodities Ltd CP and details (including Subscription form/indication of interest form) will be sent to you.


Download, fill and resend the form to them. On receipt of the form and you are successful (Because it could be over subscribed sometimes and your request will be declined especially if it comes late) they will send the collection account number/ method of payment to you.

After the funding date and you are successful, your proof of investment will be sent to you.

Robust Int'l Commodities Ltd CP