₦airaland Forum

ositadima1:
But it is #360 on CBN website, cbn.gov.ng. CBN sell it at #360 to BDCs, and BDCs add a few naira to sell to the public at around #365 just like before.

Are BDCs no longer regulated or am I missing something?

Maybe this will help.

ositadima1:
Now, every one will be buying at about #360.

N380 and not N360

ChieduJoshua081:
My pastor didn't give me. I work in a bank in Edo state, I have asked almost all the staffs there. My Head of operation, the tellers there all of them said they Dont have .It's like money is now coronavirus nobody dy gree say e get am. I Don waka for everywhere I can think of. Even my landlord that i just finished paying him rent, I almost wanted to go and ask him to borrow me the money. Please if you can help, just help.

lol

ahiboilandgas:
Dollars 405 ...all your tb gains about to wipe out

Now 407.

rationalmind:

Lol

zamirikpo:
Going by this is it safe to say that we can still deposit cash into our dorm account and transfer same electronically as long as it is below $10,000

You're correct. I just confirmed it at a zenith bank branch in Abuja now.

iamloyalty:
U are fortunate then, I did with Fidelity at primary market it wasn't successful. I might try again with stanbic or zenith.

Got 5% at zenith bank for 364 days tenor.

DonFreshmoney:
So are you saying zenith bank debits on Thursdays?. Cos am expecting but my account hasn't been debited yet

Yes

Akin3891:
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.

5.8% is not bad, though it sucks! I just hope zenith can give up to 5% tomorrow.

kristien4:
Wow.. I'm stopping over at unity bank first thing tomorrow morning. I hope I can sleep well tonight.. make the bank no go close up before tomorrow morning..��

Lol.

Mcy56:
Public Notice!!
Please, I still needed a willing and interested person to invest in my biz for growth.
Kindly mention me for detailed discussion (don't quote pls). Or send me PM preferably.
Only serious person please and don't ask for a proposal tenable for a world Bank contract, it's a small biz I'm trying to grow and just needed small amount to expand it.
This is a genuine request necessitated by timing.

**NB: I didn't say 'give', I said 'invest'. If you decide to give too, it will be highly appreciated.
** If you dont invest it will still grow by God's grace.
For those ignoring my PM, una weldone too. God dey. I no mention name o.
For those that liked this post, may God bless you richly IJN. Thks for your encouragement.

PM me

Foxie:
Good day, please I sent you a PM, kindly respond. Thank you.

Sorry, I do not respond to PM. Please, don't be offended. You can ask me any question here. Thank you.

Congratulations!

Nigerians won!

odimbannamdi:
So this is the post:

There are secret plans by the Lagos State Govt to provide all registered Okada Riders with LASRAA and NURTW Identification Card with new Mini Buses as a way to Curb the menace of unemployment.



The mini buses will be given to riders who can proof they can drive and possess a valid driver license.



For those interested, visit room 305, block F at the Lagos State Secretariat in Alausa, Ikeja to get a Free Registration Form. When you get there, ask of Mrs. Omobolanle.


If possible, get a letter of introduction from your local govt chairman, local chief or oba or any elected leader or politician.



The registration process closes February 14th 2020.


Kindly note that there are over 10,000 buses to be given. This information isn't public so you can share widely to your family, friends and relations who are affected by the Okada ban.

Copied

LAGOS STATE GOVERNMENT MINISTRY OF TRANSPORTATION

FREE BUS DISTRIBUTION: LASG WARNS RESIDENTS TO BE WARY OF FRAUDSTERS

Lagos State Government has warned members of the public to disregard the fake news trending on Social Media that the State Government was planning to distribute free Mini buses to Okada riders to ameliorate their suffering, describing it as baseless, unconfirmed and a fraudulent attempt by unscrupulous elements to swindle unsuspected innocent members of the public.

Commissioner for Transportation, Dr Frederic Oladeinde who gave the warning, while reacting to the news making the rounds on social media platform that ‘’Lagos State Government was planning secretly to provide all registered Okada Riders with LASRAA and NURTW Identification with new Mini buses as a way to curb the menace of unemployment’’ warned the public to be wary of people of dubious characters.

The Commissioner explained that Block F, Room 305 where interested people were directed to visit in the Secretariat for free registration did not exist while the name Mrs. Omobolanle named as the Officer in charge of the registration was fictitious and non-existent.

“I therefore urge the residents to disregard this trending report on social media platforms that secret plans are underway to provide all registered Okada Riders that have LASRRA and NURTW Identification Cards with new mini buses as a way to curb the menace of unemployment. It is a lie, it is unconfirmed and a deceitful attempt to mislead innocent members of the public’’ Oladeinde warned.

The State Government hereby disassociates itself from this story and warned Lagosians to avoid being duped by unscrupulous elements that have the intention to take undue advantage of innocent well meaning individuals in the society.

Public Affairs Unit
7th February, 2020.

9jatriot:
Why u non come buy my own na, that N3 for do small thing for my life na.

You no tell us say you get some now. I will 'codedly' announce am here when next I need some $.

9jatriot:
This is confusing.

Not at all. Bought at N360 and sold at N357. That was the price on Friday. I bought some at Wuse II 1$ to N360.

DigitalMallam:
362?
I checked OANDA last Friday, $ was selling at N362. I told a friend I wanted to buy some, then he quickly called his aboki who sold to me @360. Hand delivered at my office.

Always use www.abokifx.com for local deals. N360 was the price as at Friday.

9jatriot:
Same Friday I sold for 357, I need to start looking for alternative way of selling, the plaza I change mine always have the same rate and always around this 357.

They did not cheat you. That was the price as at Friday.

This man is supposed to be banished from Yorubaland. He is a big threat to the peace in Yorubaland.

Wickedtruths:
That is Uzoma, not these guys.
Uzoma isn't suspected to have run down the bank, he actually ran down that bank.

Lol

DigitalMallam:
Many thanks.
This sound encouraging. Of course not Zenith.
Kindly share the rate or % charge for transfer & withdrawal.

I was charged 135$ for transferring 13k$, and 3.5$ for withdrawing 7k$. Banks have different charges for cash deposit or inflow into your domiciliary account when you want to withdraw or transfer.

DigitalMallam:
Half of my yearly income comes in then month if Jan. Like someone earlier hinted, all the alternative investment options mentioned so far on this forum ain't worth the stress. I've dumped my earnings in mmf. Capital preservation guaranteed. My major tb matures in Sept. And if by then tb still haven't pick up, I'll still move them to mmf.
Sometimes in Dec. I wanted to diversify in dollars ($) savings and investment, one of my colleague I approached to sign my form narrated a rather bizarre experience. He told me he opened a domiciliary account and deposited $500 and after two yrs, he decided to check the bal, lo and behold the money has reduced to $350 in the name of act mtc and commission. ( he quickly withdrrew the bal. to be kept at home. He signed the form though but advised me against keeping my fund in Dom acct.
Those that operate $ bond should please advice me or share their experience.

Since you did not mention the name of the bank, I am sure it is not Zenith Bank Plc. I once left over 20k$ for 2 years plus in my domiciliary account in Zenith Bank and nothing happened to it; 1 cent was not deducted. Except if they charged either my current or saving account to maintain the domiciliary account because when I printed my domiciliary statement of account, they charged my savings account. I was only charged when I transferred and withdrew.

9jatriot:
I de tell you. As a typical Nigerian who always has someone or something to blame beyond himself, my own scape goat is our educational system. Many of us were brought up to become employees in future, only certain families grown their off springs to become investors or business men in future.
Even some people who run successful businesses do not mentor their kids to follow their path, instead they train them to follow the least path of resistance to become employees so that it gets to a stage where people have money in their hands and suddenly start opening Nairaland threads on what business they can do if they have 5 million for example.

Very true.

Daily post? Nonsense!

Seunn11:
Before making a comment on a stock, please state if you hold the stock and how many shares. Thank you.

I don't think this is necessary, please.

emmanuelewumi:
That will be sales through the secondary market.

Morgan can buy N50 million worth or more and resale to you at N1100 and your effective yield will drop from 14.5% to 13%

Thank you sir.

needful:
I saw that on their site but got a different mail from morgan capital which stated that the minimum is N10000.

Yeah, I got same mail from Morgan Capital.

It's like this FGN Bond is not for small players o.

emmanuelewumi:
About 640k every 6 month

Elder, is it at 14.55% or 12.75%?

ojesymsym:
That's the one with the 14.5% rate right? I think you will be getting around 700k every 6 months.
The experts will either confirm or refute it, but my little understanding of bonds seems to believe this is the case.

70k or 700k?

needful:
But Sir, My fear with this very bond is transferring say 10m and they end up alloting only 2m. Does it usually happen with primary market bond?

Good question. I don't want to do same and get paltry allotment.

Cc: ukay2 and emmanuelewumi

emmanuelewumi:
Even if it is oversubscribed they will give priority to small Investors.


Union Bank raised N20 billion via commercial papers @5%, pension fund managers bought everything within minutes.

Serious! Pension fund managers have a lot of trillion to invest.