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Gare2510's Posts

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PoliticsRe: NNPC Quits As Middleman In Dangote Refinery Petrol Purchase by gare2510(m): 11:11am On Oct 07, 2024
It is not about quitting or staying, when NNPC buy their share from Dangote will they still subsidise the price thereby making it impossible for other marketers to thrive
Car TalkRe: Nord Motors Launches Nord A3 And A9 by gare2510(m): 10:11pm On Oct 03, 2024
These cars can't be less than 30m
PoliticsRe: Nigeria’s Trade Surplus Hits N6.95 Trillion In Q2 2024 As Import Weakens by gare2510(m): 6:31pm On Sep 11, 2024
What are the things we started producing locally that made us stop importation? You increase custom duty, devalue Naira making cost of importation prohibitive
PoliticsRe: PMS Prices are Determined by Free Market Forces - NNPC Counters Dangote by gare2510(m): 6:59am On Sep 06, 2024
Allow Dangote to refine and sell to whoever he likes, allow other people to import and sell if they can compete with Dangote
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 11:52am On Sep 05, 2024
I attempted selling my OANDO at #73.75 there were about 6million bids in front of me but it was filled immediately, is this possible?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 4:21pm On Aug 29, 2024
Is Morgan Capital having issues, the final prices have not been updated for today?
PoliticsRe: Tinubu Returns To France After Swearing-in Kudirat Kekere-Ekun As Acting CJN by gare2510(m): 5:59am On Aug 24, 2024
Can't the VP do the swearing in?
BusinessRe: How Sujimoto Disrupts The Bill Payment Industry Through Motobills by gare2510(m): 8:14am On Aug 22, 2024
Namsweoj:
So many paid comments.
They did nothing to make it real. Lazy PR; i hope the payment platform/app won't be this lazy?
PoliticsRe: Tinubu Approves NNPC’s Request To Use Dividends To Pay Subsidy - SR by gare2510(m): 10:24am On Aug 19, 2024
Just imagine this happening when NNPC goes public; President will just wake up and say dividend money should be used for national portrait
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 11:09am On Jul 31, 2024
Massive deals this morning on Fidelity Bank
PoliticsRe: Tinubu’s Belated Order On Crude Theft Critical - Punch Editorial by gare2510(m): 8:39am On Jul 20, 2024
How does 400000 bbls of crude oil get stolen it definitely has to be the same way snake swallowed money. How do they steal the crude, who buys it?
For context 400000bbls = 64000000 ltrs = 1940 trucks a day

No unaided thief can move this kind of quantity in a day or maybe it is not really stolen rather people embezzle proceeds of crude oil sales and attribute it to oil theft

Tell all the oil companies to publish on a daily basis what is being stolen from them then you will see that the figured will no longer add up
PoliticsRe: "This Is Not A Nightclub", Akpabio Cautions Natasha Akpoti by gare2510(m): 7:31am On Jul 19, 2024
Her response was gracious
PoliticsRe: NNPC No Longer Owns 20% Of Dangote Refinery, Says Aliko Dangote by gare2510(m): 10:59pm On Jul 14, 2024
Very soon we will hear OandO has bought the 13% since NNPC could not meet up
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 10:29am On Jul 11, 2024
Can one invest in TB through ARM, primary or secondary market?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 11:18am On Jun 03, 2024
Bid for Oando drops from 62 million to 33 million; what happened?
PropertiesRe: As A Tenant, Share Some Rules Your Landlord Made For The House.(pics) by gare2510(m): 9:19pm On May 19, 2024
Really

Mrtaye:
Bathroom water should be channeled to the drainage and not soakaway.... he's right
PoliticsRe: VAT Revenue Rose From ₦‎347bn To ₦‎549bn Under Tinubu – FAAC Report by gare2510(m): 9:17am On Apr 27, 2024
This increase is basically because the prices of goods and services went up.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 10:27am On Apr 19, 2024
ndept:
The way people are even running from DS/NS, it may be difficult to get the buyer with the required 100,000 units block to send the price down grin
Don't be surprised to see 100000 unit bid at 2.19pm
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 9:03pm On Apr 18, 2024
I think the message by NASCON was either hasty or intentional. They could have worked the issues with SEC in the background and issue an amendment to the merger. Why issue a notice that will send your stock price on a free fall.
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 3:09pm On Mar 08, 2024
Itsrm:
Not possible. You must have gotten the calculation wrong.

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 12:10pm On Mar 08, 2024
Mpeace:
Them go soon tell us say this one na glitch
Same thing happening in TRANSCORP PLC; case of thunder striking your goat in the farm and pig in the house same day and time
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 10:01am On Mar 08, 2024
aieromon:
Daylight robbery.
Even though the 364 days bid got 21.49% it doesn't mean all the banks will get 21.49% it depends on what they bidded, they have to be careful too because if the bank bids higher than the stop rate the bid will be unsuccessful and they lose all the commissions for that week
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 9:45am On Mar 08, 2024
freemindcity:
Please i want to know why i went to first bank on monday and requested for tbilland they say they do not do tbill please what does that suppose to mean
Maybe the person you met doesn't know about it and didn't bother to ask or the branch doesn't do TB. I also went to Stanbic and they told me the next auction date was 13th March 2024 vs 6th March 2024
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 9:40am On Mar 08, 2024
Itsrm:
Here
Yes, but mine was 5%
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 11:36am On Mar 07, 2024
kristien4:
Was anyone successful at the week's auction, what bank and rate ?
Mine was successful with First Bank, around 20 -21%. I have not seen the certificate just rough calculation from the interest returned
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 6:40am On Mar 07, 2024
farydah:
Yes oo. It's secondary. Could I have been able to buy primary with that amount?
Yes through your bank
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 9:36pm On Mar 02, 2024
skydiver01:
The 2nd Quarter NTB calendar is below wink
Is this schedule verified, 7th March 2024 is a Thursday; do they issue TB on Thursdays now?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by gare2510(m): 6:29pm On Feb 28, 2024
Deadlytruth:
I thought I am the only one who noticed it. When one looks at its resilience against its scary OS, it becomes clear that there is something big likely to happen about it soon.
Somebody is ensuring TRANSCORP doesn't go below a level, anytime it starts free fall some will just come a place bid for 1million units
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 6:20am On Feb 24, 2024
Godisrealxyzabc:
First bank did. Mine went through @19%
Did you specify your rate or went with bank rate?

Is it normal for bid for some customers within the same bank to be successful while others are not especially if they go with bank rate
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 8:38pm On Feb 23, 2024
My TB with First Bank was not successful, did anybody experience same?
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 7:55pm On Feb 23, 2024
[quote author=egojeny1 post=128611551]I follow dey ask o. Pls folks help

I read it up

If the stop rate for 365 days is 19% and you invested 1000000

Interest =19/100 × 1000000 =190000

The bank will take (1000000 -190000) = 810000 from the money you planned to invest and leave your interest (190000).

So the real amount you part with to earn the interest is 810000

True yeild = 190000/810000 × 100/1 = 23.456%
I think the difference in the decimals may be charges
InvestmentRe: Treasury Bills In Nigeria by gare2510(m): 8:17am On Feb 22, 2024
Shalom428:
Result
Pls. can someone help explain how the true yeild is calculated

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