₦airaland Forum

ahiboilandgas:
I really don't how to explain it may be when u start approaching 50 years u will understand .....it beyond just having money in the bank in tb ....i have a personal resident of like 30m and above average investment in tb ,and bond ....my home can generate 1.5 m if I choose to rent out or generate 3.5m if I put in t.b but there is an inert happiness the home bring ...no tenancy agreement , so stupid letter from landlord no quit notice, I can't renovate any time ,I can add improvement

Very valid point sir.

Like i said, building should not be at the expense of investing as the later is guaranteed (low risk), pays more and flexible. In your case you must have paid your dues and you deserve a home built from profit/proceeds not loans. Though this takes longer.

Young investors have nothing to gain from being called "landlord" early in life while they run the risk of loosing their sources of livelihood and are caught in the middle of no where owning a big house with no income to run their families.

ahiboilandgas:
A home is beyond just structures ,we get connected to ours this value cannot be gotten from a rented place.....we connect with the neighbourhood for life ,kids make friends etc..... we integrate into that community ....i don't advice young investor to use up huge capital ,

Agreed but this was when we still had closely knit communities and neighborhoods not this age and time where cars are wound up, window blinds close up and houses are fenced up! People rather belong to a digital community or whatsapp groups than live in a real world...lol!

This is NOT going to change anytime ever

I live in an apartment where we have had times when as neighbors we stayed for months without seeing each other though we have a whatsapp group to address common issues of interests.. #fact

Willie2015:
There is nothing archaic in a young man first building a property to live.....
It is the first law of investment ...... if you can afford it ....
You can save the rentage cash and use it in other investment vehicles over the years...
No one will ever tell you that TBills has its own bad days too...
We have seen the days of 2% -7%.... each invst class simply has its bad days and good days...

Also realize that with tbills your liquidity is very high. You have the chance to via into some other business venture whenever the rates are not gelling.

In investment "cash is king"!

Why building to live in or making profit from rent is the latest type of self-scamming in town.

I was discussing with a friend and we ran the simple analysis. Buying or building a house (duplex) costing you about 40 - 45m in a choice area including cost of land, building et all. That same 45m annually at a modest tbills rate of 10% will offer you about 4.5m which can still afford you a decent rent of 2m (assuming you have a moderate taste) with a balance of 2.5m that can adequately take care of school fees and some family upkeep.

Meanwhile the 45m duplex built will require some 22years before it starts to payoff or break even! This is not to consider the fact that a 20-year old house is already becoming old, maintenance ridden and of course boring. In a stricter sense when the kids are grown and someday leave the house you spent fortune to build, it no longer becomes welcoming as they move to boarding house or out of the country for further studies.

Whereas a rented property gives you the opportunity to move around from one part of town to another and still have a decent income to fall on, or utilize especially in this economy where there is no job security.

On the other hand in building to rent out. Statistically it goes to say that rents generate about 5-10% ROI and not profit to the owner annually.This translates to about 15 years before you start to make any profit from an investment of about 45m! Moreover, when a house is rented out the first rents are easy to get but subsequent rents suffers from what basic economics call diminishing marginal utility...lol

This is not to say building a house is bad or wrong but you can slowly use proceeds from your tbills and other sources to do this. Plan to build the house over a long period as a form of retirement home to present to yourself and spouse after a hardworking life or relocate out of the country as the case may be. This is obviously when the kids are already gone to college and the nest is becoming empty.

austine4real:
yes stanbic ibtc mmf

I tested them with investing and ease of withdrawing 100k before doing bigger sums. It was easy to invest in but to withdraw was a hell of trouble. In fact it required me to visit their office to apply on paper before getting my money. Afterwards took about another 3 to 4 days before I got alert. I abandoned the platform pronto and stuck with FBN edge. I invested about 6m at a point and withdrew same within 1 to 2 days. Did not visit any office nor called anyone. It was quite impressive!

Few days ago topped up with the transfer method before noon and got value same day in my account.

GrammarNazi1:
...action prevents...

...actions prevent...

...actions prevented...

Can you please share more pictures if you have?

KNIGHTBlaed:
Nice observation. I noticed it too.
He'll have to prove to us that he's Legit... There are so many ways of doing that, so it's up to him

Simply, let him retake pictures of those items from a different angle placing a hand on it.

Or displaying his middle finger in the picture. That'll make us believe those items truly exist and not just pictures taken from the internet.

The reason you won't get response is that your title of the thread is faulty. Correct that one fess. People who will visit your thread are only those who seek such information too and not those with answers...

Can you assist with DPR and NSITF registration services?

I have 3.2m available. What can you do for me sir

How much please?

igbizen:
The secondary market I applied for since on Wednesday up till now not done. I keep calling the bank officer, and her replies is “I will do it”. I suspect they want to use my money to close out August deposit. STANBIC IBTC why? You guys were not like this ooo.

There is something fishy. I bought t-bills about seven different terms and before I got home that day I was debited and t-bills certificate emailed to me. I went the following day to pick up the hard copies.

What if you live in a city or town with no church and you have no leadership to confess to, does it mean your forgiveness is pending?

After confessing to God, does God still need the approval of leadership before His forgiveness will become valid?

Where exactly in the bible is this commanded, recommended or applied explicitly or implicitly?

Why is it peculiar and particular to the sin of fornication, does it mean other sins are excusable?

This or any other sin is capable of shutting the gate of heaven against any one and as such shouldn't it be the same path taken for forgiveness to be sought?

The two places close to the account of someone who committed fornication/adultery in the new testament is stated below...

John 4: The woman of Samaria at the well. She was forgiven there and never suspended afterwards or told to see the leadership. Just incase someone is saying she was never a church worker, well my answer to that is: an outright sinner and a sinning devoted church worker are on the same level and will face the same judgement since God is a righteous Judge and respecter of no man!

I Corinthians 5:1 - end Talks about a fornicator who was supposedly renowned and unrepentant. They were advised to put away from them and even advised not to eat with the person. Clearly this is not a case of a worker who is repentant and has asked for God's forgiveness.

In closing, the idea of reporting yourself to the leadership should be advisory and not compulsory as it serves as a check for you and a deterrent for going back since you will become too embarrassed to do so repeatedly. This as a matter of fact should not be for this type of sin alone and not to leadership only but any trusted fellow christian that will be of help in this regard.

Finally, when we develop church policy as a mechanical self help and insist on it then we are simply loosing it as the Author of life frowns at it when he said Mar 7:7 KJV Howbeit in vain do they worship (revere) me, teaching for doctrines the commandments of men.

Still Available...?

Any one has idea of Stanbic's rate for today?

Also what is their admin charges like?

Urgent please

Kindly share more pictures...

necheremIFY:
I am new here. I went to GTB to invest in treasury bill , they presented the rate as 94days 9.75%, 220 days 10.65%, 360days 11.75%. I picked for 360 days, later I started blaming myself that I should have go for 220days because of 1%.difference. Please I want to know if the rate of 220 and 94 days will be calculated on per annum

Any rates for the money or capital market are annualized.

in simple terms whatever rate you are offered must be divided by 364 days and multiplied by the number of days you intend to invest your funds.

Your decision to choose a longer duration is precedent on whether you need your funds back soon for other purposes. However you can liquidate at any point in time but will loose the unearned interest days left to your maturity.

Disclaimer:
I am sorry if I have not used the proper terms I am not an expert

Acidosis:
T-bills secondary market is a form of black market with no form of coordination or predetermined timeline across all banks. When it comes to secondary market, no two banks have the same or predetermined tenor or rates. The banks simply sell to you what they bought from an existing holder of Treasury Bills.

It's a process of buying from those who wish to terminate their investments, so there are no predetermined rates or tenors. You need to approach any bank of your choice to know whether such offers are available.

As per primary market, auction takes place fortnightly at the same time in all banks. Note, it's an auction, and you're not even permitted to state your own rate. Unless you're investing N50m+, the banks simply bid on your behalf (together with other customers).

When CBN's stop rate for an auction is 11%, and your bank tender a bid of 11.5%, the bank lose out for that period. To scale the hurdle, whatever your bank bids must fall in the range of CBN's stop rate. Don't bother asking anyone what CBN rates are for the next auction because nobody knows, including your bank manager. They only bid and predict using some dynamics such as previous stop rates, FG policies, inflation, etc.

Also note that the fact you're buying from the primary market doesn't imply you're getting better rates than those buying from the secondary market.
Which is better? Well, no one can answer that. Whichever offers an individual better rates at any point in time is better.

Excellent stuff....exactly what I was trying to explain to a colleague

Quite commendable. I hope the promises of help crystallizes...

lester12:
Finow x5 air smart watch N30,000 worth 55k- sold
Tronsmart ara x5 plus mini pc for TV N15,000 worth 40k - sold
Dogfish msata SSD N15,0000 worth. 30k
Laser hair removal equipment 30k worth $450
Android TV box
Smart watches with heart rate sensor

Just add me on WhatsApp to get more deals on gadgets

Calll or WhatsApp 08069237554

is the 70inch still available 070 58 nine nine 18 forty[/quote]

is the 70inch still available 070 58 nine nine 18 forty
[quote author=lester12 post=78679289][/quote]

savagefinder:
pls I've been stalled on my CAC registration for sometime now reasons being that it has been a battle between my legal consultant and a CAC agent.
while one insists that the NIMC slip given to me for temporary usage can be used as the national ID card during incorporation of my company, the other is vehemently against it and insists I should settle for just a business name pending the time I am given the card..

I am confused as I wont want to make any wrong move that would I regret..

so pls if you have Answers and suggestions pls help out.

if you have successfully registered using just the NIMC slip pls your advice is needed

lastly I am talking of the registration with 1m naira share capital ooh

Please how did you finally go about this as I am stuck on similar issue.

Women and attention

Hello dear,

Please help me with this car

2T2HK31U97C017424

blessingedem80@gmail.com

Thank you.

Hello Nora93

Well done and how far with your project?

Can we have side views, internal views etc.


You are repeating the same pictures...

OmoDavido:
Please how can one do it without using agents

Meet this lady on whatsapp +234 803 071 6782 she conducts an online training on mini importation business.

She charges a token tho of 1k. I think its worth it from the testimony of those who have done it

IHelp:
For 3years tenor;
You will get 13.125% of your initial investment every year for 3years.
It will be paid in parts 4 times.

Assuming your initial investment is 100,000

Your interest for 1year = 13,125
You will receive 3,281.25 every 3months

List of accredited stock brokers has been posted earlier.
I use Csl and Morgan.

Please does anyone have the trend pattern for the interest rates, by this I mean; Is there a best time of the year to invest your funds in FGN Savings bond?

i understand you can liquidate at any time, what are the charges for early liquidation?

I understand it can be used as collateral for securing loans? Will this affect the interest rate for loans?

Excellent stuff