₦airaland Forum

dejiotus:
It will depend on the interest rate the bank is willing to buy the Treasury bills off you. If the rate is reasonably close to the discount rate you received, then you will only lose part of the interest. But if the rate is much higher and the bank is charging a penalty to liquidate before maturity, it could affect your capital. Are you three weeks into the investment or you have just 3 weeks left before the TB investment matures?

Less than three weeks into the investment

helium2:
Rates are high now..

If you sell now you will most likely sell at a loss.

This is one of the advantages of a mutual fund..

Liquidation with no risk

at a loss of profit made since invested or loss part of capital? thanks.

dejiotus:
Your best bet is to ask your bank about the buy back interest rate. It is the buy back interest rate that will determine how much that will be deducted from your capital of 9.6M. You have collected the interest upfront with the assumption that you are investing the whole funds until the end of the tenor. It is fair to pay back the unearned interest for the remaining days left before maturity.

thanks. i didn't collect the interest upfront. i ticked reinvest interest, or maybe i didn't understand what you mean?

Ibrahim505:
You'll lost 30% of your total earnings

thank you sir. so they won't deduct one naira from my capital at all when liquidate prematurely less than two weeks?

dejiotus:
N2,094,247 excluding bank charges. Just over 2M naira using 14% as the interest rate. 15M x 14%/365 x364.
The interest amount will be more or less depending on if the successful bid rate is more or less than 14%

please if i need my money urgently for a short quick business how much will first bank pay me back from my capital if N9.6m I already invested, if i liquidate less than 3weeks? any idea the total amount i will receive including capital?

if I need money urgently for a short quick business how much will first bank pay me back from my capital if 9.6m if i liquidate less than 3weeks? any idea the total amount i will receive including capital?

pxjosh:
Mhenn this thread is low-key one of the best threads I've followed on Nairaland.

The last T-Bills I bought will mature in a few days. Do I have to go to the bank to request that my account be credited, or it's a purely automatic process?

i think its automatic but wait for the experts

GonFreecss1:
My brother, I understand your pain and I am glad you didn't fall into that temptation to do the wrong thing.

Some people advised my family to go and put Juju in the land so anyone who enters will off. I could not believe what I was hearing. Immediately I heard that, I said anything that will make a human stoop so low to lose his or her humanity is definitely not worth it. Land? I run away from it! Anything real estate in Nigeria? Nope! I don't want thank you! Land dispute of any kind? Please run! The way people kill themselves is not worth it. If you like collect C of O and do all the jagba jagba the Nigerian system lacks the infrastructure to make real estate fair and well planned. Not saying people shouldn't own land, just know what you own and the risks associated with it.

On that note, Tbills vs Land? Hahahaha. I will always pick my Tbills thank you very much.

u people are scary on this thread, now u neraly make me pee, am currently negotiating an existing 4 beds deal in mainland lagos, though my lawyer insisted he shud finish his research if it's under govt acquisition before we proceed to payment stage, he also advised i invited pros structural eng to check it out, but hearing this ur write up is like someone telling me that the person beside me is ebola carrier

Grupo:
I am 100% sure this guy is being sarcastic

sarcastic? u're on ur own sir. i'm trying to play safe u talking sarcastic. i've gotten d information i want & am satisfied.

nice

unite4real:
Now I understand your fears.

Understand that first thing first, your principal is guaranteed.

Nothing is wiping your money the way it's sounding because you didn't invest in a highly risky business. This is federal government security we are talking about.

Do not liquidate. Since you have bought the Treasury bills, your principal is coming back to you intact. You have gotten your interest already.

The wiping out someone said was a situation where exchange rate becomes so high and inflation follows, the purchasing power of your money is impacted. It doesn't mean your money is wiped out like you won't see your money again. Your principal will come back to you 100%.

If u decide to liquidate, what you stand to loose is part of your interest but never your principal.

I hope that calms your nerves

thank u sir, i really appreciate

ahiboilandgas:
it depend on your risk appetite it like judgement day all man for himself ...even cbn governor can't be 100 percent sure .u can diversity to mitigate any loss

Ok, is it possible all my 9.6 could be wiped out just like that because of inflation or its only the profit that can be wiped out? i thought capital is 100% guarantee even if all profit is wiped out because of inflation or whatever?

GonFreecss1:
Sir. Why don't you just hedge? Some in naira (Tbills) and some in FX? Fixed D or EuroBond?

Thats i've been asking if it's advisable to liquidate because of this inflation am seeing up & down here but no one is ready to respond except u now, i just want to know if its advisable to liquidate now to avoid touching story for myself & to know the amount am going to lose from my invested capital if i liquidate prematurely now barely a week.

Indigbo:
can someone advice whether the best is to liquidate now because I'm scared of this inflation thing am hearing here, I don't want to lose my hard earned cash. Pls how much will i lose if i liquidate now 9,600,000?

the tb experts pls answer this

Indigbo:
can someone advice whether the best is to liquidate now because I'm scared of this inflation thing am hearing here, I don't want to lose my hard earned cash. Pls how much will i lose if i liquidate now 9,600,000?

can someone look into this pls

Indigbo:
What if I liquidate 9,600,000 before maturity how much am I going to lose after one or two weeks because I need money urgently?

can someone advice whether the best is to liquidate now because I'm scared of this inflation thing am hearing here, I don't want to lose my hard earned cash. Pls how much will i lose if i liquidate now 9,600,000?

Ifelove1:
I think I misunderstood your question. I thought you asked two separate questions.
9,450,000 * (11.7/100) * (98/364) = 297,675
9,600,000 * (11.7/100) * (98/364) = 302,400

What if I liquidate 9,600,000 before maturity how much am I going to lose after one or two weeks because I need money urgently?

can someone look into this pls

Goodluck Jonathan has reportedly condemned President Buhari's anti-corruption fight

- The former president said he used technology to fight corruption during his regime - He alleged that his anti-corruption fight is more effective than President Buhari's Former president Jonathan has claimed that, contrary to popular opinions, his administration’s anti-corruption fight was more effective and produced better results than what is obtained under the current administration of President Muhammadu Buhari. In his new book titled My Transition Hours, the former president listed the methods his administration used to combat corruption in the country, The Nation reports. Jonathan posited that that corruption fight cannot be effectively fought and won by the executive arm alone, as it requires the involvement of other arms of government. He said that his administration deployed the use of technology to fight corruption. He also noted that his government supported the institutional development of secure systems and mechanisms to curb corruption in public places. He cited the Treasury Single Account (TSA), the Integrated Personnel and Payroll Information System (IPPIS) and the Bank Verification Number (BVN) as examples of his administration’s technological tools designed to fight corruption.

Jonathan added that the effective implementation of the various policies in the fight against corruption brought positive results as the country made its best improvement ever in Transparency International (IT) corruption perception index. “Immediately after the 2011 elections, my administration was repeatedly accused of being corrupt. Despite the blackmail, I remained committed to combating corruption in a systemic way, knowing it was endemic. We vigorously devised and implemented a thorough and strategic plan to fight corruption, using technology, albeit within the context of the rule of law and due process,” he reportedly wrote. Jonathan also criticised President Buhari’s manner of handling the anti-corruption fight. He claimed that his anti-corruption fight was more effective, citing the report of Transparency International’s (TI) Corruption Perception Index. He said Nigeria was ranked the 136th out of 175 nations surveyed; an improvement from the nation’s previous position of 144th in 2013, 139th in 2012 and 143rd in 2011. He added that the 2017 corruption perception index released in 2018 by TI placed Nigeria as number 148, a retrogression in which the nation went 12 places backward.

More excerpts below: “No administration can either be entirely bad or perfect. Good governance is a process. Rather than media hype or arresting and parading suspected offenders on television, my strategy was to strengthen our public institutions and law enforcement agencies to prevent people from defrauding the system ab initio. “My administration developed and implemented the Integrated Personnel and Payroll Information System (IPPIS), which was initiated by the Obasanjo Administration towards the end of his tenure. Through this technology, we arranged for federal, civil and public servants to register their biometrics as a condition for receiving their salaries and as a result we weeded out over fifty thousand ghost workers and saved N15 billion every month which was then equivalent to $100 million. “The effective implementation of these policies in 2014 brought positive results as Nigeria made its best improvement ever in Transparency International’s (TI) Corruption Perception Index. Nigeria was ranked the 136th out of 175 nations surveyed; an improvement from the nation’s previous position of 144th in 2013, 139th in 2012 and 143rd in 2011. It is important to note that despite the many sensational stories, dramatic arrests, seizures and accusations, many of them false, since I left office, the fact remains that Nigeria has not made any improvement on TI Corruption Perception Index since 2014. “In fact, the 2017 corruption perception index released in 2018 by TI placed Nigeria as number 148, a retrogression in which the nation went 12 places backward. In other words, Nigeria is more corrupt in 2017 than it was when I handed over to the Buhari administration in 2015. Some people may be misled with smoke and mirrors but the TI Corruption Perception Index relies on unsentimental facts and figures.”

Meanwhile, Legit.ng previously reported that Jonathan revealed the alleged reasons why he lost the 2015 presidential election to President Buhari. The former president claimed that the mass defection of some former governors of the Peoples Democratic Party (PDP) to the then opposition All Progressive Congress (APC) cost him his bid to be re-elected for a second term in office. Jonathan who lost the 2015 presidential election with just over 2.5 million votes also reportedly blamed northern leaders who wanted power returned to their region for sabotaging his re-election bid. These claims are also reportedly contained in the new book about his tenure in office. NAIJ.com (naija.ng) -> Legit.ng We have updated to serve you better.

source - https://www.legit.ng/1205389-i-technology-fight-corruption-jonathan.html?fbclid=IwAR2LZtqmdqkkXyZ9qkySUP3kIuXazb_Peb1CkbJ2WtRNDRZs7aRvg4F_qAM

Opps reverse is the case. I can understand but sometimes when we are frustrated about life we start digging for unnecessary issues where there is none. How stupidity combined with pride, ego and arrogance can destroy. Be the reason someone smiles. Be somebody who makes everybody feel like a somebody. Find joy in the ordinary. Choose kindness.

yemiosinbajo:
Wow, you must be a man of many friends. You keep having friends that did this and that.

It’s better to keep your mouth shut and give the impression that you’re stupid than to open it and remove all doubt. Some people was born troublemaker and might as well earn a living at it. This thread is titled "Before you come to Ireland", not "display your immaturity"

Withdrew my N9.6m from MF Stanbic, does it make sense splash it on Firstbank treasury bills 91 or 182 days tenor?

What's likely % in next primary market auction for 91days and 182 days?

What does this Discount rate at the sucessful bid rate me, do i need to tick that too when i invest interest payable upfront along capital?

[quote author=onuku post=73048409][/quote]Ifelove1 got 450k, how did you arrive at yours?

What if the capital is N9.6m?

Ifelove1:
1. Interest= 9,000,000 * (11.7 /100) *(98/364)
2. Interest= 450,000*(11.7/100)*(98/364)

What if it's N9.6m?

Indigbo:
Secondary Market dashboard for today from First Bank:


91days @ 10.95%

98days @ 11.7%

140 days @ 11.90%

350days @ 13%

336days @ 13%


Can someone please calculate my interest only at maturity if i invest N9m,450k for 98 days @ 11.7% if in invest interest ?

Can someone please help answer this?

Secondary Market dashboard for today from First Bank:


91days @ 10.95%

98days @ 11.7%

140 days @ 11.90%

350days @ 13%

336days @ 13%


Can someone please calculate my interest only at maturity if i invest N9m,450k for 98 days @ 11.7% if in invest interest ?

A friend need advice whether he should relocate to Ireland or stay with his N8million naira yearly income? Nigerians in Ireland please what do you think? To me i said he should move because taking into account things like schools for children in Nigeria, health, electricity, security, mobile as in car, e.t.c. is not moimoi O! Can you please break it down? Critics welcome, all ideas and opinions welcome. Thanks in advance.

Hmm

Lol

Fayose have been sacked as PDP leader.

Speaking with reporters after the meeting, Senator Olujimi explained that Fayose was excluded from the meeting owing to the fact that he had just been released from detention by the Economic and Financial Crimes Commission (EFCC) over alleged financial fraud.

Stakeholders of the People’s Democratic Party (PDP) in Ekiti State yesterday removed former Governor Ayo Fayose as the leader of the party in the state while affirming the Senate Minority Leader, Senator Biodun Olujimi, as PDP’s new leader in Ekiti State and Southwest region. Olujimi is the party’s highest ranking political office holder in the southwest geo-political zone.

They asked for the immediate dissolution of the present State Working Committee (SWC) led by the state PDP Chairman, Mr. Gboyega Oguntuase, and demanded the constitution of a caretaker committee. These are part of the resolutions reached at Ekiti PDP Stakeholders Meeting held in Ado-Ekiti, the State capital, and attended by serving and former political office holders.

Party chieftains who attended the meeting included Olujimi, former Deputy Governor, Dr. Sikiru Lawal; former Acting Governor, Mr. Olatunji Odeyemi; Ekiti Assembly Deputy Speaker, Mr. Segun Adewumi; former state PDP Chairman, Chief Bola Olu-Ojo; governorship aspirants, former National Assembly members, former State Assembly members, former local government chairmen and former party officers.

Speaking with reporters after the meeting, Senator Olujimi explained that Fayose was excluded from the meeting owing to the fact that he had just been released from detention by the Economic and Financial Crimes Commission (EFCC) over alleged financial fraud. “We knew what he might have passed through by staying in detention and we know it might not be easy for him to attend this meeting, so there is no faction at all in our party. My being appointed the Leader does not mean there is crisis.

“The very day he left office was the day he was summoned by EFCC and we knew the rigour he had passed through. We are going to work together, I mean with former Governor Fayose. What we are doing is that we don’t want to allow his exit from office to mean the end of PDP in Ekiti. So, let me assure our supporters that we are on the same page with former Governor Fayose and other stakeholders. We are not factionalised and we shall work hard and ensure we win in next year’s election,” she said.

In the communiqué read by PDP Stakeholders Protem Secretary and former House of Assembly member, Chief Bunmi Olugbade, they overturned the suspension of former State Secretary, Dr. Temitope Aluko, affirming him as a “bona fide member of the party.” The leaders also resolved to throw their weight behind the candidacy of former Vice President Atiku Abubakar in the 2019 presidential poll and other Ekiti candidates in the general elections.


Source http://saharareporters.com/2018/11/04/ekiti-fayose-sacked-pdp-leader