₦airaland Forum

HOW DO I GET THE LAST EXAMS QUESTION PAPER SKILL AND PROFESSIONAL LEVE? NOV 2014

@ am intrested in venturing into poutry production,but need more information,not living within lagos metroplice.pls advice me.will send you a mail shortly.

PLEASE SEND SKILL LEVEL TO ikemefunam@yahoo.com

ba ba G OD THANK YOU FOR PUNISHING POVERTY IN THE LIFE OF PETER,DO SO UNTO ME,PLS.

Please house just finished a two day FI traning,after paying for a huge amount to the coulsultant,i was told to pay additional #30,000.00 for him to instal SAP DEMO ON MY PC FOR PRACTICE.I SAW THAT HIS OWN IS RUNNING WITH VWARE AND 2003 WINDOW SERVER,NOT EVEN TO SELL THE SOFTWARE TO ME @ THAT RATE,WHAT IF IT CRASH,I WILL HAVE TO PAY HIM AGAIN.


ANY BODY WITH KNOWLEDGE WHERE I CAN DOWNLOAD THE FREE DEMO FOR MY PRACTICE AND THE SYSTEM REQUIREMENTS FOR IT TO RUM ON LOCAL PC/LAPTOP PLS.

gazonga:
Any accountant with experience should drop his/her phone number and email address.
I will contact the person.

@GAZONGA ACCOUNTANT WITH 4YEARS EXPERIENCE CURRENTLY WORKING,BUT NEEDED MORE CHALLENGES TO GROW 08038091505,E-MAIL ikemefunam@yahoo.com(resides and works in ph)

Regards.

PLEASE HOUSE ADVISE,SO I WOULDN'T JUMP INTO A MESS.

HOW GENUINE IS TRINITY ESTATE? IS IT ADVICEABLE TO INVEST?

when is the next auction pls?

WHAT DATE IS THE NEXT BID,PLS?

please ,first bank twice refunded my money as failed tb,and my effort for them to issue tb to me via primary source failed,anybody with such issue with firstbank?

how much can i get 2007/2008 toyota camy or avalon to lagos full option,last price

ikemefunam: @ ALL PLS ADVICE: SINCE 4TH NOV BID I HAVE NOT RECEIVED MY UPFRONT INTREST FROM FIRSTBANK,ANY OTHER WITH THIS EXPERINCE?AND WHAT SHOULD I DO?

STILL AWAITING YOUR REPONSE ,PLS.

@ ALL PLS ADVICE: SINCE 4TH NOV BID I HAVE NOT RECEIVED MY UPFRONT INTREST FROM FIRSTBANK,ANY OTHER WITH THIS EXPERINCE?AND WHAT SHOULD I DO?

pappilo: And you will claim that you are a graduate o. Were you expecting 10% for 3 months? Its advertised as 10% PA so if you have invested for only 3 months, you get only 2.5%

i.e 10% divided by 4 i.e we av 4 3months in a year. @ elia 142,some one that didn't av business mathematics knowledge may not know.

ikemefunam: WHAT PRICE CAN ONE GET ONE ROOM SELFCOM OR BOYS QUARTERS CURRENTLY 2013 IN G.R.A PHASE ONE PORTHARCOURT FOR RENT,PLS?SOME ONE SHOULD ASSIST.

no reply yet?

@all anybody that has received his upfront intrest for nov 3rd or 4th bid for firstbank?NEED REPLY URGENTLY PLS.

chegson: @Ikemefunam I ve forwarded all the requirements you listed above, including my utility bill for the current month to firstcontact as requested by them.It is almost two weeks now and I've not heard from either firstcontact or my branch. Pls how long does it take them to respond in your own case? Iam realy worried.

I WAS ATTENDED TO IMMEDIATELY,I IST WROTE THEM THAT AM A BUSY TYPE AND NEVER HAVE TIME TO LEAVE OFFICE DURING WORKING DAYS,IF THEY CAN.......SO WHEN I WAS TOLD TO WRITE THE LETTER ADDRESSED TO MY BRANCH I WROTE IT WITH SIGNATURE SPECIMEN(MINE) AS AN ATTACHEMENT,IN MY FORWARDING LETTER I ATTENTIONED IT TO THE PERSON THAT REPLIED ME COPING HER PERSONAL OFFICE MAIL ADRESS E.G.

RE:REQUEST TO BID TREASURY BILL ON MY BEHALF(CAPTION)

ATTENTION:ONYIA MUSTAPHA.

.............

Elai147: First Bank does not discount your interest from the invested capital as suggested by Chomzy19- which is supposed to be the right thing- they will credit your account with the interest very soon- perhaps by Friday or early next week.

THANKS MAN,WILL KEEP MY FINGERS CROSSED.

Chomzy19: U are supposd to get ur interest immediately ur account is debite, i think they usually subtract ur interest 4rm d amount u re buying n take d rest e.g if u are buyin t-bills worth of 500k n ur interet is supposed to b 50k dey jst take 450k frm ur acc

I HAVE NOT RECEIVED ANY INTREST,WHAT DO U THINK I SHOULD DO?

@ALL PLS COMMENT IF U AV IDEA:WROTE FIRSTCONTACT REQUESTING THEM TO ASSIST ME OBTAIN /BID FOR ME,WAS TOLD I SHOULD FORWARD A WRITTEN AUTHORITY REQUESTING THAT,BEING ADDRESSED TO MY BRANCH OFFICE ATTACHING BIO DATA PAGE OF MY INTERNATIONAL PASSPORT,INWHICH I DID,BUT WITHOUT INTERNATIONAL PASSPORT ,RATHER DRIVERS LICENCE TELLING THEM I HAVE NO INTERNATIONAL PASSPORT,FEW DAY LETTER PRCISLY ON 4 OCT MY ACCOUNT WAS DEBITED FOR TB FOR THE AMOUNT I SPECIFIED.PLS AM CONFUSED ABOUT THIS UPFRONT INTREST THING,HOW DOES IT WORK....?

@rendition check ur mail

please advice:for TB, is it better for bank to bid for me or give then rate to bid for me?

@OLOJE 1 SEND UR E MAIL FOR ME TO SEND IT TO U FREE OF CHARGE,BUT PROMISE U WILL NOT USE IT FOR COMMERCIAL PURPOSE AND WILL GIVE IT ALSO FREE TO OTHER.

WHAT PRICE CAN ONE GET ONE ROOM SELFCOM OR BOYS QUARTERS CURRENTLY 2013 IN G.R.A PHASE ONE PORTHARCOURT FOR RENT,PLS?SOME ONE SHOULD ASSIST.

Beginners Guide For Investing In Nigerian Treasury Bills


What are Treasury Bills?

Treasury Bills are government guaranteed debt instruments issued by CBN on their behalf to finance expenditure. The CBN also uses treasury bills to control money supply in the economy

How are Treasury Bills Sold?

Treasury Bills are sold through a bi-weekly auction conducted by the CBN. Buyers are requested to quote bids following which the average minimum bid is selected.

Where can I buy Treasury Bills?

Treasury Bills can be bought through any official dealer. The easiest will be through your bank

What is the Minimum Amount I can Buy

You can buy for as low as N1,000 and in multiples of N1,000 thereafter. However, Banks typically accept minimum purchases of N100,000 or more

When is it usually sold?

Treasury Bills is sold every other Wednesday (bi-weekly) as announced by the CBN. The CBN announces issuances in their websites and in the pages of the Newspaper. You can also ask your bank account officer to notify you ahead of an issuance.

How Can I Buy Treasury Bills

To buy Treasury Bills you will have to approach your bank requesting for a form. You fill the form with your personal information also indicating the amount you want to buy as well has your bid rate.

What is the bid rate

The bid rate otherwise called your STOP RATE is the likely interest rate that you have indicated ti receive for the principal that you investing in the TB’s. For example you can indicate an interest rate of 10% as your expected rate. Your bid rate will most likely be different from that of other intending buyers of TB’s.

How is the Bid Rate selected

The CBN selects the bids that fall below the accepted marginal rates. The Marginal Rate is the minimum average rate for bids submitted within a bid window. For example if the marginal bid rate for a bid opened Wednesday 4 September is 11% then bids falling below this rate will be accepted and those above rejected.

What if I don’t have a Bid rate

If you do not have a Stop Rate or you are not sure of a rate you can select the option of having the bank choose a rate for you. However, this does not guarantee that the bank rate will be chosen or will be the best.

Can I still buy if my Bid is rejected

You can purchase TB’s from the secondary market Over The Counter (OTC) through a broker. This is also where buyers and sellers of TB’s trade the notes in exchange for cash.

What are the durations (tenor) for the TB’s

Treasury Bills are usually for 91days, 182days and 364 days. As such, you can have the CBN hold your cash for 91days or 182 days or 364 days depending on your choice. However, the CBN can decide they want to sell Treasury Bills for all the tenor available or either of them.

Can I sell before Maturity

Yes you can sell Treasury Bills before maturity. As mentioned above, this can be done through the OTC market. The price at which you sell depends on the forces of demand and supply. For example a N100,000 face value TB maybe selling for less or more depending on the yield expectation of the buyers. If your face value is trading at a higher price, it means you can sell your treasury bills at a profit as such your N100,000 can sell for N101,000 or more. If your face value is trading at a lower price, it means you can sell your treasury bills at a loss as such your N100,000 can sell for N99,000 or less.

When is the interest paid?

The interest element of a treasury bill is paid to you upfront and credited to your bank account. For example, if you purchase a N100,000 TB with an interest rate of 10% the CBN debits your account with N90,000 as such your N10,000 interest is paid upfront. Upon maturity, you are paid the face value N100,000. The upfront payment of your interest makes your true yield actually higher.

What is a True Yield?

True Yield is your actual Return on Investment. (ROI). Using the example above, the initial yield for the N100,000 is 10%. However, because they pay you interest upfront your true yield is actually the N10,000 in interest divided by the N90,000 actually deducted from your account. That is N10,000/N90,000 0r 11.11%. This is thus higher than the 10% coupon. The True Yield is completely earned when you hold to maturity.

Can I roll over my investment

The CBN does not rollover your investment automatically. However, you can give your bank a mandate to rollover the principal on your treasury bill upon maturity. You can also get the benefit of compounding interest by asking your bank to reinvest the interest portion of your TB once it is paid.

Are Treasury Bills Safe

Treasury Bills are one of the safest forms of investment and are backed by the full faith and credit of the Federal Government of Nigeria

Apart from the Interest Rates what are the benefits

A good source of steady stream of income
Treasury Bills are a good investment outlet for your free and disposable cash
Treasury Bills are good investments for people who wish to save
Treasury Bills are also tax free
Treasury Bills are very liquid and can be converted to cash quickly
They can be used as a collateral

Are Treasury Bills Taxable

Interest derivable from Treasury Bills are not taxable.

SOURCE:http://web.ugometrics.com/beginners-guide-for-investing-in-nigerian-treasury-bills/

THERE IS A TWEAKED SOFTWARE I AV USED.WITH NO CREDIT AVAILABLE.