₦airaland Forum

GODAKPAN:
The gurus in the house should please confirm this formula for me , thanks.


INTEREST
TRUE YIELD = CAPITAL – INTEREST = P

TRUE YIELD = P X 100


i.e. interest divided by difference between interest and capital, all multiplied by 100

Correct!! Int/Cap - Int * 100%.

But note that this formula may not work for other debt instruments. Because T Bills is a debt instrument that pays interest upfront in form of capital gains only [i.e a Zero Coupon Instrument], then the formula is fine. Although what is more important is for you to be able to plot the cash flows of your investment.

To make things easy, you may use a financial calculator or Excel to compute an IRR. These days everything can be done digitally. The IRR is the effective yield or yield to maturity of the debt instrument (e.g T Bills)

Alikote:
i was calculate for 3.5 m

and you showed the future value, not the interest.

savewelllivewel:
Please I also need assistance on how to calculate compound interest e.g for N3m @ 13.5 for two years. Please I am a little confused, I dnt want to mislead a client. Thanks everyone for your usual assistance.

3.86 million - 3m = 0.86million.

The future value is 3,864,675, so your interest is 864,675

sisisioge:
Ole! She didn't report to the police when money was mysteriously disappearing o

she could just have resigned

She needs slap. I am sure she was paid to say this, someone else embezzled the money.

Realex007:
All players are gone.. Pls who knows how to restore data? I connected with Google play games nd also with Konami id we the previous version. Buh when I started this new version 1.0.1, it didn't restore. Help me pls?

I just did the update today and my data didn't restore from google games. How did u go abt urs

Timmi:
At NTB auction today, CBN offered N6bn, N30bn and N140bn of the 91-day, 182-day and 364-day bills at respective stop rates of 11.95%, 13.65% and 13.70%. While the stop rates of the 182-day and 364-day bills remained unchanged, the stop rate of the 91-day bills was 5bps lower than the last auction.

If i bidded less than 11% for 91 days , is that what i will get or the stop rate 11.95%?

Kemade2007:
Stanbic MMF rate as at Friday 14.9% from their website

Where exactly do u see the rates? I only see a price history which i dont understand

Kemade2007:
I will advice u start with Treasury bill since u r planning to keep it for long time and invest your upfront interest on MMF

Hi. How do you know the interest on MMF at any point in time? Thanks

GODAKPAN:
First bank for secondary market and stanbic for primary. That is the little I know. godanie06677@yahoo.com

Hi bro. Can u educate me a bit?

In the primary market, you auction for the t bills in a bank?

Once the auction day has passed and you still want to buy t bills, that market is a secondary market?

And the interest is lower if you buy at the secondary market right (compared to if you bought at day 1 in the primary market)

Is there any criteria before you can auction for t bills?

Thanks

RealityShot:
dont worry, you will notice the pattern after a few months..

the money is added in lump every seven days.. Mine, i cant remeber which day or why, enters 7 days intervals.

your first month ends on a friday..
you shal see full value latest wed.

congrats again!
#teamIbtcMMF

P.S: i dont use the app.

Thanks.

Can u explain this prices? How does it tell the current rate?

RealityShot:
FINALLY, CONGRATS!

see y we stand behind Stanbic now?
they back dated your pay.

wait 7 days, it will reflect 1+% (N4500+) for Jan 09 - Feb 09.

Thanks.

Yesterday was February 09. Why the wait for 7 days? Because normally the interest accrues dailyon mutual fund and we can see this in the app.

prettyjo:
its not funny.
Nigeria is really a shit hole.
like everything just happen anyhow

this competition should be strictly for Nigerians only.
am so pissed.

tourist attractions

Flexy2vybes:
Ofia product are gud, aside frm barneys to cary am, havin bm usin d product 4 ova 2yrs bt d curent 1 am usin is 9mnts n stil countin.

Forget OFIA, while it may last longer that earphones of the same class, the sound is not great. I suggest you try AKG: although its quite expensive.

adekennis:
I bought Note 8 earbud for 20k at Samsung store Ikeja when the one that came with my phone lost...You need to listen to music on that earphone

I dont know about the Note 8 but the S8 comes with AKG with a brilliant sound.

Qy7 Bluetooth Earphone

7 months.

@OP whats the purpose you are trying to acheive? You are not asking for the brand of earphone.

Hi guys.

So stanbic has rectified my issue. I have received the value . In their mail to me, it read: Please be informed that this has been rectified and you have been given value as at 09 January 2018. The transaction date is 06 February, 2018 but the value was as at 09 January 2018. does this mean all my interests from 9 Jan is included? If yes, is there an estimate of what this interest would amount to? The principal is 450,000.

I am asking because i cant see any interest in the fund.

Thanks

Inca:
Hello,
Did you attach a copy of the transaction in the correspondence with the beneficiary bank?
What's the narration you used to define the transaction, did you reference your name....?
I can suggest someone if i get clarifications on these.
Thank you.

Its an online transfer on their CIPG Platform, u dnt have the priviledge to edit narration. I have sent supporting evidence in our correspondence

Hi guys.

Can anyone help me with emails of any influential person in GTB and Stanbic? I still haven't gotten my money, i visited both banks physically today and they are still not saying anything different. I need help pls. Kindly PM me if u have these emails

mandibeauty:
Please, can anyone recommend textbook for Sfm

Acca p4/F9 Bpp text (SFM Syllabus cuts across these 2 papers), then practice questions with Bpp revision kit. You could also refer to Acca online F9/P4 technical articles on their student accountant hub. I taught someone using the knowledge i gathered from all these (in preparation for my p4 exam), and the person got 70+% in the recent SFM exam results. Financial management is too interesting for anyone to fail it, just enjoy the paper using these materials i have recommended and see how you pass with ease. You can also solve Ican pathfinder questions on SFM.

T4kbaba:
Oye Akinsulire and Ican pack. I used them and passed once.

what text did u use for psaf and adv tax?

awesomeJ:
Dear sir, You may definitely have a business with Inter switch if you carried out the transaction through the Quicktellar platform, which is likely.
In January 2017, I also transferred a somewhat huge sum on an ATM from my Stanbic to my Zenith account. The response from the machine after the transaction was something like "...issuer or switch inoperative" or so. The former account was debited, but the latter wasn't credited. Long story short, it was by contacting Interswitch that I got to find that the fund was successfully transferred to Zenith, but their own network issue at the time caused the hang. They also followed up with the transaction by sending E-mails and reminder E-mails to Zenith, copying me each time. Eventually after about 84 hours after my very first complaint to Stanbic, the zenith guys credited my account.
Reach Interswitch on +234 700 906 5000. You can also use Google to get their other contacts and E-mail address.

Thanks i will reach them. Do they work weekends.

dadebayo1:
Sorry about that sir.. Yes it is SIAML number but you can also call during work hours between 8am to 4pm monday through friday .. He would tell you the true state of things.. All the best sir

Thank u bro, i will call on Monday. I will also visit their lagos office on Monday if possible. Thanks a lot.

Isn't it ironic that i have incurred several costs on calls, and now transport that is way beyond the interests i was trying to derive from the investment. Talk abt making losses!!

RealityShot:
see their branches there. Please visit asap.. Banks like delay especially when you cant pin the fault on them. Take it easy and expain to them.

Address: Iwo Rd, Iwo Road, Ibadan, Oyo

Address: Plot 1B, Moshood Abiola Way, Oluyole,
Ibadan, Oyo State, South West

Stanbic IBTC Bank Plc. Address: 15,
Jimoh Odutola Street, Ogunpa/ Dugbe,
Ibadan, Oyo State. Phone: + 234 2 2412189,
241 24294, 241 2458

stanbic IBTC,orita mefa,ibadan, Oyo, Nigeria

thanks

RealityShot:
this quite a ordeal.

my heart goes out to you.

please cool down till you can reach one of their offices.

but wait o... Is there no ibtc bank in your location?

Not one that i know of

dadebayo1:
Sorry about that sir. Guess there was a downtime or probably a network issue.. You can call ‭070068882538637‬ . they will definitely respond positively to your request. All the best sir.

Thats SIAML number right? I still spoke with them today, they claimed they didnt get the fund. GtB claims the fund left my account. Later on they said the problem might be with interswitch. Now i have no other number to call, i definitely do not have any business with interswitch.

dadebayo1:
Download the stanbic mobile app and then open the account via the app.. Just follow the instructions and it will direct you to the page where you will pay via your debit card. They will then send you log in details within 48hours after you register then you can transact as you wish. Just that there is a limit of about 250k voa the app.. You will need to register in the bank by updating your details if you wish to transact above the limit..

I will advise you to avoid the bolded. That is exactly what i did abt 3 weeks ago and till today my money is hanging where i dont know. They keep on pushing the blame to interswitch.

dadebayo1:
Thanks to everyone.. Stanbic mmf is quite easy.. I just received my log in details and i noticed my money is growing too. Customer service is excellent... And i am happy watching my money grow.

So i thought when i initially opened my account

ibawon:
Dial 121, then 1, 3 and 6.
when they pick blast them well, cos they intentionally hide the option to call CCU

God bless u

jaychubi:
Go to a stanbic ibtc branch in person it's now beyond writing letters online if possible make out time and go to their head office. U need to go to all length to save ur money

I will do so as soon as i get to lagos