iluminati:
please I want to invest 1.2million in treasury bills for 6 months. How much will be my profit?

emmanuelewumi:



Red Star Express a courier company that owns the franchise for Fedex the international courier company in Nigeria.

One of the big shareholders in Red Star Express will go home with a dividend of N80 million come 31st August 2017. He is also active in Treasury Bill, Stock
Market, real estate and also an Insurance broker.

Please don't let us derail this thread, but should open our eyes to diverse legitimate opportunities and learn from each other.

emmanuelewumi:
One smart thing to do with Treasury Bill investment is to stagger the maturity period. I have Treasury Bills that mature in February, May, August and November.

I am expecting interim dividends from UBA, Zenith, Access in July/August and Final dividend from Fedex in August. The matured TB plus the dividends will be reinvested back to buy another 364 days TB, while the upfront interest will be diversified back into the stock market.

MummyJaygirls:


If u follow the proper way of writing the ref letter as specified by IRCC from ur office, there would be no need for payslips

MummyJaygirls:


What CIC requires is reference letters from the companies u claim to have worked at (the ones u claimed points for) not bank statements showing salaries paid.

So u r good to go

hiscules:
Hello good people, please I have a few questions, in trying to prove work experience, what does one need to provide to CIC,is the reference letter from employer suffice? Or do i still need to provide payslips and bank statements for the period apart from the statement of pof as requested by cic?

For instance, I worked at xyz company for 1year before moving to another coy, will only their reference letter be okay, or will I need to show bank statement for the period I worked for them.

Am trying to avoid a scenario where I have claimed 2 years but cannot provide evidence of being paid for one year out of the 2years am claiming.

bbaby84:


It's actually
Friday 8 am till 12:00pm
Monday n Tuesday 8am : 3:00pm

cmon:
For a 2010 Vehicle, you should be running on Comprehensive Insurance. If you are a lekki residence, then you should also include a flood option in your insurance cover. If you did all that, simply call your insurance company and they will take care of this.

If you are driving a 2010 Crosstour and don't know you ought to have comprehensive insurance, oga, OYO is your case!

boboLIL:
keep hating...if you like come from the yeast..hate on

boboLIL:
hate on...lols

hiscules:
Still on this Pof matter, since one cannot buy tbills from the primary market if the funds is less than 50m, if one buys in the secondary market, what document will they give as proof of purchase, also will CIC accept whatever proof(document) they give as evidence of purchase?

Also, if I am submitting tbills alone as pof, will I need to get the reference letter as CIC as requested?


If i must provide reference letter, which bank do I request it from, the one where I purchased the tbills or the one that has the source of funds(salary)?

Note I am choosing, another bank becos of higher interest rate

boboLIL:
at the mention of Biafra, every hater must hate..hate on bro...I don't give two shitttssss

Gazelle22:
MOUNTING DEBT CRISES AMIDST WASTE - PUNCH EDITORIAL

Once again, Nigeria is on a binge borrowing to another national debt crisis. According to the Debt Management Office , Nigeria ’s total debt stock increased to $ 62 . 87 billion (N 19 . 15 trillion ) at the end of first quarter 2017 , from $ 57 . 39 billion ( N 17 . 36 trillion ) at the end of last year . While the external debt rose from $ 11 . 40 billion at the end of December to $ 13 . 80 billion at the end of March 2017 , the domestic component of the debt fell from N 13 . 88 trillion to N 11 . 97 trillion.

Amid ailing finances , Nigeria ’s debt is expanding again at a rapid pace with a huge debt servicing cost . In the past five years , Nigeria has spent $ 1 . 62 billion for servicing of external loans contracted by both the federal and state governments . In all , the Federal Government proposed to additionally borrow about $ 30 billion between 2016 and 2018 to be arranged from five multilateral institutions : World Bank , African Development Bank , Japan International Co - operation Agency , Islamic Development Bank and the China EximBank .
The breakdown of the package shows that $ 4 . 8 billion will be spent on the Mambila Hydro - electric Power Plant ; $ 3 . 5 billion on railway modernisation coastal project ( Calabar - Port Harcourt - Onne Deep Seaport segment ); $ 1 . 6 billion for Abuja mass rail transit project ; $ 1 . 1 billion to kick- start the Lagos - Ibadan segment of the Lagos- Kano railway modernisation project and $ 1 . 3 billion for the Kano - Kaduna section. Another $ 6 billion is devoted to social programmes in health and education. From this figure , $ 7 billion would be sought this year.

The Minister of Finance , Kemi Adeosun, declared recently that the solution to our rising debt service cost was not to stop borrowing , but to raise revenue from tax as a low hanging fruit. According to her , Nigeria ’s 69 million taxpayers have devised means of beating an opaque tax collection system . Her analysis shows that out of this figure , only 214 people pay personal income tax of about N 20 million each, despite the fact that the country has the highest number of Africa ’s wealthiest people.

Adeosun’ s aggressive tax collection and the plan to boost capital spending are welcome and indeed overdue , but her solution to Nigeria escaping another debt crisis is inadequate . We agree that the economy needs a sufficient amount of public debt to function well . The economy suffers from obvious infrastructure deficiencies like electricity , roads, rails , water systems and more , which , according to some estimates, will require $ 31 billion to fix each year for the next decade.

And one way to put debt in perspective is to compare it to gross domestic product . The debt- to - GDP ratio is one primary indicator of a country ’s economic health ; a lower ratio is generally seen as more favourable , as it shows that a country is producing enough to eventually be able to repay its debts . The Economist magazine’ s Global Debt Stock puts our public debt at $ 55 , 944 , 262 , 295 , public debt per person at $ 309 . 57 , public debt as percentage of GDP at 19 . 1 per cent and total annual change of 6 . 3 per cent. From the figures , we appear to be in a reasonable threshold when compared with that of South Africa ’s $ 226 , 101 , 639 , 344 total public debt at $ 4 , 657 per person, 42 . 2 per cent of GDP and 12 . 5 per cent annual change.

But that is where the good news ends . The bad news is that successive governments have so badly managed resources only to resort to borrowing to meet consumption and feed the prevailing system of graft and patronage while piling up debts . Similarly , Nigeria is not among the world’ s economic powerhouses . We are also not persuaded that the government is utilising loans judiciously as a tool for development . It is wrong therefore to justify borrowing using global thresholds knowing that we run an economy with an acute infrastructure deficit , one that is dependent on crude oil receipts for over 70 per cent of government revenues , where the rule of law is weak and one where excessive corruption derails all development programmes . Our oil -resource economy is another disincentive . With oil receipts dominating fiscal revenue and exports , the Nigerian economy has been hit hard by falling oil prices and low oil production . It is argued that a drastic and persistent fall in public assets, caused by a fall in revenue , would , in the long run , increase the risk of debt distress . Unlike Nigeria , countries like Malaysia , South Africa, Brazil and South Korea have built up infrastructure , diversified and built export - oriented economies and could therefore sustain such high debt- to - GDP ratios. In these and other countries , corruption is not as endemic as it is in Nigeria.

Many have had a hand in creating this mess . For an economy highly dependent on oil revenue and given the volatility in oil prices, an appropriate policy choice would have been a vigorous accumulation of oil savings during a boom time and using them in a downturn . The Goodluck Jonathan government failed Nigeria woefully on this score . Nigeria sailed through the 2008 - 09 crisis with ample buffers: the balance in the Excess Crude Account , according to an International Monetary Fund damning report , was put at $ 22 billion ( 8 per cent of GDP) , while gross international reserves stood at $ 62 billion ( equivalent to 16 months of imports ). But Jonathan came and squandered a substantial part of that . By 2014 , the ECA had been depleted to $ 4 billion (½ per cent of GDP) and GIR had fallen to $ 40 billion (about 8 ½ months of imports ). Over time , the GIR fell below $ 30 billion in 2015 on Jonathan ’ s watch . Yet, as of March 31 , 2015 , the Jonathan government left a public debt of $ 63 . 5 billion or N 12 . 062 trillion . A year later , the debt stock climbed further to $ 71 . 7 billion or N 13 . 8 trillion.

Many others also brought this country to the sad state of affairs . For instance , while Nigeria is running from pillar to post seeking external loans to fund the budget , the Asset Management Corporation of Nigeria just says that the debts owed it by 350 Nigerians would be enough to fund about N 2 trillion deficit in the 2017 budget . “ The Federal Government will have no need to borrow in order to finance part of the budget if they (AMCON debtors ) pay the debts . ”

No doubt , the treasury that Adeosun inherited from the Jonathan administration was almost out of cash. But the Buhari government statist approach to economic management is wrong . The administration must not drag Nigeria into a Greece - like debt crisis when a left - leaning , socially liberal government embarked on large increase in government spending. Government spending and borrowing soared , leading to 16 years of double - digit fiscal deficit . This , according to a report , stifled the private sector and saw an explosive expansion of the public sector as a percentage of total GDP.

How should Nigeria , therefore , manage its debt? The previous loans were expended on ill - conceived projects . Therefore, how the loans were utilised should be audited before new ones are taken. In addition to cracking down on artful tax dodgers, the government should take measures to shrink the bloated state , retool the anti - graft war and address the illicit financial outflow. Economic diversification driven by the private sector can only make sense if it is accompanied by aggressive privatisation plan.

Copyright PUNCH .

boboLIL:
congrats... I'm a Biafran citizen

IHelp:


Yes. There is no limit to the number of times you can invest.

A14:


Yes

gistme24:
The Contacts I made on this thread helped me launch my SAP Career. Some came here to sell, while majority of the Gurus came to impart Knowledge and inspire people. I was one of those imparted .

I Did my Certification in ABAP back in 2012 through self study. And it took me 2 years to a day to have my breakthrough , a breakthrough I am enjoying to the fullest .

Advice to those seeking to have a career in SAP:

1. Networking, its very important .

2. You don't have to clear your bank account to get certified .

3. If you are certified, then it only gets your through the door most times. It rarely counts in the field . So know your module.

4. Don't always expect free materials from gurus, but take the hints and advice they may give seriously. I found out that some actually test
your level of seriousness when they say, for example, go to this URL and search for the material .

5. Above all, don't choose a module for the expected reward, choose it for the love and enthusiasm you have for it. It will make the tough days
and situations enjoyable .

A big thank you to the gurus on these threads. Too numerous to mention. One actually took me under his wings and gave me so many contacts.

Sorry If I sounded like an "OVER SABI", but hey, I am a Consultant

I hope we keep this thread alive .

Dreamscometrue:
..I just don't know where to start from.
I feel like ending it all.
My husband just broke up with me because I am yet to conceive and he said he doesn't want IVF.
We have only be trying for a year plus.

This is someone I did a lot of things for and now he has abandoned me.I don't know how to face my family.I feel so ashamed and devastated.
God has really forsaken me...

How do I start my life afresh because I am so confused.
It is not going to be easy for me because I have invested so much in this marriage.I have done so many things because of love.It is really hard for me.I am at the receiving end.

Will I be able to pull through this?

elfmann:

Bro, u no suppose borrow.. But we don't dey borrow they call am gift deeds. Who workplace dey pay well here plus nija wahala dat chop d moni.

Boss13:


No it won't. CIC will only confirm balance of the bank statement you provided to them. They don't do credit checks. Since the loan do not reflect in the statement of account submitted to them, then there is no need to worry.