Freeman67's Posts

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Jobs/Vacancies › Re: Interview Etiquette 101: My Personal Experience As A Recruiter by freeman67: 12:21pm On Jul 31, 2018*

Amiblaize77:
Is that all ?

No, that's not all.

1. He is saying you are suppose to use either 'I am or I' m' in all the places you used 'am'. Also, the letter 'I' as a 1st person personal pronoun should always come in capital when using it as such.

2. He is saying you need to learn how to use the above and other elementary grammar (maybe buy brighter grammar 1,2,3) to help you in your written English since the official language of Nigeria is English and you are writing application in English. Also the op is a recruiter and might have noticed that too and be waiting to see how open you are to correction.

No be me talk am ooo, na as you the talk like say u no sabi wetin that Oga write naim I say make I interpret. grin

9 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 11:24am On Jul 31, 2018

troy20:
Thank you. In other words fixed deposit is same as government bond. And at 18% percent per annum. Is the rate that high?

Fixed deposit is not same as Government Bonds.. It been severally adviced here that once you stumble on this thread, the best thing to do is to read from the beginning at least covering the first 20pages would give enough knowledge that you will not need to ask some certain questions.. Once you do otherwise and start asking based on what you read from the page you met it. People that have read through that place/knowledgeable enough may not be around to respond to you.

Fixed deposit is a financial instrument provided by banks that give investors higher interest than the regular savings account.

For fixed deposit the tenure is determined by the customer/investor. You tell the bank how many days you want to fix and once the rate is agreed there fixed in some banks another account is created and money moved there you will see but can't touch or withdraw while in other banks the said amount will be deducted till it matures before it is returned back.

Fixed deposit interest is subject to 10% Tax charge

The interest accrued on Fixed deposit is only gotten after the investment matures....

All these are not the same with both government bonds

For more knowledge or info on bond read thread the thread below.

https://www.dmo.gov.ng/fgn-bonds

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 9:04pm On Jul 29, 2018

stcool:
GTB 18? Zenith 13? Better to go and play BABA IJEBU. That election is coming does not mean banks wont make profit, elections would come and go. In 2015 how much did this stocks loose 12 months before the election. Forte is down and we know why. Some things wont happen unless it shows up in the balance sheet, until then...Hope is an enemy in investing!

Investment › Re: Treasury Bills In Nigeria by freeman67: 4:29pm On Jul 19, 2018

FunmyKemmy:
A friend got 11% on 175 days today. How good?

With yesterdays CBN stop rate.. Its very good..

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 10:26am On Jul 18, 2018

juicyinn:
So my tbills with first Bank will mature tomorrow but I have not gotten the usual notification from them b4 the maturity. Hope it won't be renewed

If you need the money tomorrow please make sure you contact them today to drop it. If it is primary market and you don't contact them they may roll it over. Terminating afterwards before maturity may cost you something...

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:47am On Jul 13, 2018

ernie4life:
House check out this commercial paper offer of 13% yeild net for 91days from Nigerian breweries, ends next week Tuesday.

Contact me if interested

Oga ernie4life thank you very much for posting this kind of opportunity here.. I am not contacting you on this because my faith is not in tandem with their line of business. I personally appreciate the gesture. Please when other opportunities like this comes do not hesitate to let us in. Thank you

2 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:40am On Jul 13, 2018

lastclaire4:
I asked her if she was given treasury certificate she said they was told that they don't give except for fixed deposit. She told me she filled a form and ticked primary market and 91 days.

Treasury bill certificate is actually not given same day but after a day or 2 it should be ready. They always give certificate on request. So telling her it's only Fixed deposit they give certificate is not correct. FBN, Stanbic & GT as much as I know always give proof of any TB investment on request after the investment day.. In fact some of them will print and keep even if you don't come. Stanbic in particular will call you to come get it.

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:38pm On Jul 12, 2018

lastclaire4:
I don't think so. My friend did tbill for 2.5m for 91 days and she was given 41k. From what I have read, it is below what is being offered.

What is in your friends contract/agreement/certificate. The rate up there will be around 6.5. That's still below what's obtainable at the moment. Let him go and get his proof of investment to be sure of the kind of contract he entered because this picture you painted has the similitude of Termed/Fixed Deposit.

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:29pm On Jul 12, 2018

olusogo1:
I will like to how many Tbills can one do using the same account in a particular period of time. I.e can one do multiple Tbills with the same account starting at different days. E.g. I did one 2 months ago for 182 days and I'm hoping I can do another one this month.

You can do it daily (for secondary) if you like except when there is no offer.

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:48pm On Jul 09, 2018

U1:
N200, what bank?

The lowest I have been charged for investment in about the same range was N300 - I think that was for 200k. I was charged about N700 for a transaction of 400k (my highest), if I remember correctly, last year or early this year. Access and Stanbic.

So, it helps to know what bank is that.

FBN....

I do not know about Access but I know Stanbic transaction fee alone is N300.

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:50pm On Jul 08, 2018

teeymix16:
pls house, if i invest #300k on t. bills at the rate of 10% with duration of 91days. how much is likely to be the interest and when will the interest be paid?. tnks

Your interest should be around N7500 before deduction of transaction & custody fees which should not be upto N200.. So you should have a think 7,300. The interest is at most a day after the actual investment. However if you choose to reinvest you will get it when you investment matures.

Investment › Re: Treasury Bills In Nigeria by freeman67: 6:55pm On Jul 08, 2018

Terminating it tomorrow you would have held it for about 98days. Your daily interest is about 332.7 instead because transaction and custody fees was deducted from it too. If it is sold at that exact rate you got it you would neither loose nor gain. However the prevailing market rate seem to be lower than the rate you got it. If sold at the prevailing market which is hovering around 11. you should gain more. Hope your contract didn't state any penalty for not keeping to terms?

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by freeman67: 6:16pm On Jul 08, 2018

Omoluabi9:
Hello House,

Thanks to this thread, in March I could invest just 900k for my first time (wanted to start with 1m) in Treasury Bills at a rate of 13.55% p.a of which my interest was about N64,000.

However, I may need to terminate it soon.

How much should I expect to receive?

Subscription was for 192 days
Discount value was N836, 185.07
Maturity Date is 04 Oct.

Thanks

cc: Feelamong, Emmanuelewumi, Tony56, AwesomeJ, Investnow2017, Freeman67

Your N836, 185.07 is sure. The amount you will get extra as interest now since you didn't let it mature is subject to the number of days you held the investment and the percentage it would be resold to another buyer.

1 Like

Investment › Re: Pls, Can Anyone Educate Me On Treasury Bills? by freeman67: 12:30am On Jul 07, 2018

https://www.nairaland.com/878880/treasury-bills-nigeria

The whole education you need is inside there. Just create time and read a substantial amount of the thread and you will be fine.

Celebrities › Re: Falz Reacts To Corper Linda Angela Igwetu Who Was Shot By SARS by freeman67: 1:30pm On Jul 05, 2018

Temptee101:

This guy always stands for what is right, even when his colleagues tend to align themselves with everything that have all shades of wrong in them, he seems always unperturbed by standing upright no matter who's horse is gourd. He is about the only musician i respect and see right now. What a courageous and fearless man, you are indeed the son of your father. Your father must be proud of you.

God bless ya bro

Whose Ox is gored...

Sports › Re: 4000 Fans To Watch Super Eagles Match Today At Abuja National Stadium by freeman67: 3:16pm On Jun 16, 2018

Na there them d play d match?

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 5:55pm On Jun 15, 2018

awesomeJ:
The 10.2 he quoted is just the stop rate.

OK.. I didn't even see the result of last auction sef. Just followed the rate he quoted. I am sure he will get the exact rate once he gets his proof on Tuesday.

Investment › Re: Treasury Bills In Nigeria by freeman67: 12:26pm On Jun 15, 2018

yanjutomi:
thanks for ur explanations and tutulage. the information given is my balance after deductin

Understanding are welcome...! Then you should get your proof of investment for complete info.

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:55am On Jun 15, 2018

yanjutomi:
91 days @ 10.2%

It's fair sha but if that is the whole charges as stated in your contract. It is still suppose to remain like 220 to complete.

400,000 ÷ 100 = 4,000 x 10.2 = 40800 ÷ 364 = 112.08791 x 91 = 10200.

10,200 - 399.73 = 9800.27 - 100 = 9700.27

With the information I gathered from your post that what should be your balance...

1 Like

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:25am On Jun 15, 2018

Oma255:
Hi, did they credit you the same day the tbills matured or the next day?
I want to know because my tb will mature next week in fbn too.
Thanks.

On Thursday that week it is maturing you can start checking from 10:00 am down ward. Do not for alert ooo because most time FBN credits TB proceed without alert.

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:13am On Jun 15, 2018

Nnamz:
Is stanbic minimum 100,000, or 500,000?

It should be 100k

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:12am On Jun 15, 2018

yanjutomi:
pls explain tbills transaction
I did tbills of 400k I was debited

TREASURY BILLS INVESTMENT Amount : #390,027.40
Charges : #100
AUCT-CUST REL FEES: # 399.73
balance: #9,479

What tenure & rate?

Investment › Re: Treasury Bills In Nigeria by freeman67: 9:11am On Jun 15, 2018

zamirikpo:
Guyz am not understanding stanbic again ooh. 364days interest rate was at 11.50% and from my calculations I got about 10.97% where the hell did a whole 0.53% go to.

I am not understanding ooh....

Collect the certificate/proof of investment you would see their real rate.. It may not be the same with CBN rate... Even if it is, charges may affect your calculation.. Its on the proof that you can get the exact explanation.

NYSC › Re: Should I Resign From My Current P.P.A? by freeman67: 8:49am On Jun 15, 2018

As someone earlier pointed out.. Place of Primary Assignment PPA is not like a job where you would say you can resign at will. The two ways you can go about are ;
1. You have to negotiate with you boss Notwithstanding the fact that he already gave someone permission to do what she loves.. That someone is not you. So when you put in your own request it should be considered from the point of view that you do not have enough work/challenge.. At least granting you permission would still afford you the opportunity to be in their accommodation and when he has serious work he will notify you to take permission from the sch you teach and concentrate. Mind you, staying with your Uncle may later not be as smooth as you assumed.

2. You can go back to the NYSC office and request for a change of PPA... The hardest part of changing a PPA is finding a suitable place that is willing to accept a corps member and the terms and conditions will be suitable for all on one hand and the present place willing to let the corps member go on the order hand. You can try to convince them at the NYSC office to repost you from there and probably repost another corps member that needs accommodation back to them.

Investment › Re: Treasury Bills In Nigeria by freeman67: 8:17pm On Jun 13, 2018

Apitch:
Please for some of us that don't have up to this millions and hundreds of thousands, which firm can do 100k? What is FBN's lowest? Thanks

Please forget all figures you see people brandish here.. Just concentrate on how to build yours. Stanbic IBTC, FBN, GTB and Sterling are banks that I know does allows 100k for TB investment. FBN lowest as much as I know is 100k. Good luck

7 Likes

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:49pm On Jun 09, 2018

awesomeJ:
I think the investment was made together with the upfront interest. That explains why principal at maturity will be 114 k and not 105k.

Yes.. . So the charges were taken...

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:03am On Jun 09, 2018

Aim07:
This what i got from my investment with fbn, does it mean my principal will still be charged for those charges? what does d 0.0 naira interest indicate?

amt invested 105k
tenor 290days
rate 11%
28/05/18 to 14/03/19
principal at maturity 114k
interest #0.00

please note that ur interest on investment is subject to these charges 0.1% custody fee, #100 transaction fee and 5% VAT.

i need answers please

No.. The charges have already been deducted from you interest. That 114k is what you will get.

Investment › Re: I Need Help On Bank Investments by freeman67: 11:33am On Jun 08, 2018

As for the investment.. It depends on the amount you have to invest, the interest/profit margin you are looking at, your risk appetite /the level of risk you can take and tenure/duration you intend to invest.

If you can take high risk.. You can invest in stock market. Apart from profit that you can get from increase in share prices you, sometime get dividend at financial year end of the company you invest depending on the company.. but beware that it's very volatile the same way capital appreciate is it can depreciate.. Some be sure you learn the art before committing your money.

However if you are risk averse, you can consider FG Bonds, FG Savings Bond, Treasury Bill and Mutual Funds.

Answer to you questions... From my personal opinion is that;
1. Fixed Deposits account does not exist separately like normal Savings and Current account. You don't go to open a fixed deposit account except if you want to open a normal account and commit it solely to fixed deposit. All you need if you intend to fix money is to approach a bank if you already have an account with them and money is inside or you request to open an account if you do not have an account with the bank. After that, you transfer or deposit money in it.. Then bank will move the so you would not be able to access till you deposit tenure expire before they refund it with your interest.

2. Like I said you can fix money from any account.. You do not need to open any new account except you have none before..

3. Interest rates are mostly dependent on the amount of money involved, the bank and the bargaining power of the intending customer.. So you may have to visit the branches of banks where you reside to confirm that..

4. The risk involved is not much especially if its commercial banks and the branch is vibrant. Issues could only come up if it liquidate.. But note there rate are most time below the investment I listed above.. The only advantage is the easily assessable nature of it. .. Not Micro Finance banks oooo because some of them can be dubious.

5. I do not think there is any difference...

For information on Treasury Bills you can read as much as you can form the thread in the link below.
Reading from page 0 will give you the proper explanation without have to ask any question because almost all the necessary questions have been asked.
The recent pages/pages at the will just update you on current happenings https://www.nairaland.com/878880/treasury-bills-nigeria

Good luck.

Investment › Re: Treasury Bills In Nigeria by freeman67: 2:45pm On Jun 07, 2018

yanjutomi:
I called they said there mininmum is 1 million

Visiting the branch in person should make the difference... Also if there is another branch of GTB order than the one you called.. You can visit to make ur request otherwise... You can change bank to either first or Stanbic IBTC.. If any is accessible to you.

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:54am On Jun 06, 2018

adomuwiner:
I can help you to invest in treasure bill and give you 5% every 90 days

0 8 0 8 5 0 3 8 9 65

Investment › Re: Treasury Bills In Nigeria by freeman67: 7:49am On Jun 06, 2018

MyMail2D:
A quick one : what is the rate for COT in the banks?
I also need to know how much deductions I incur when I move my money from bank to bank when seeking for better TB rates?

COT charges applies to current accounts alone and the charge is now N1 for every N1,000 transferred or withdrawn.. Transfer charge normally should be N52.5 if the amount involved is not heavy. However instead of moving the money from bank to bank you may wish to make you findings/enquiries first and check what it's best for before doing the transfer after all.. All banks these days do instant transfer.

1 Like

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