₦airaland Forum

czaratwork:
I got Airbnb short stay for one week and before the one week expired i signed up residency contract with the landlady so i didnt need to look for accomodation.

Did you get a good deal compared to normal rent considering the apartment is furnished?

But how on earth did we even get here? Do you know how many small business owners N520m will empower? Mhen am I missing something? N520m? Some people haven't even seen 1m in all their career lives, yest thia man chose to do a statue with N520m? And that of Zuma of all people. Rochas is useless.

db23:
The airports tend to work out more expensive. Try bureau the change in malls Etc

True. I know that airport and hotels are never the best places to change money

Hi guys, where is the best place to change USD to CAD when I land?

ubox:
With the way we're playing, we can't loose all the games

If Algeria beat Zambia today, Nigeria will qualify for the world cup with 2 games remaining. Am I dreaming?

So ehats in it for the non discos? I thought consumers are not supposed to pay for the meters

APC has lost goodwill in the minds of Nigerians and will therefore lose the 2019 elections

yarimo:
Charly boy and co, your mumu will be treated very well by the gallant and patriotic nigeria police force if you disturb the peace of other nigerians

How did they disturb the peace of other Nigerians? Didn't you see the other protest supporting Buhari where the Police escorted the protesters around? These ones are even at a particular place and you're using water canons against less than 10 people. Nigeria Police

Good one from the OP. Please not that the OP did not say you should leave your money in a savings account. There is a difference between developing a savings culture and leaving your money in savings account. What he is saying is DO NOT SPEND ALL YOU EARN. Keep some aside and invest.

This is assuming everyone has time and heart to go into business. However, there are several high interest yielding investments. Leaving your funds in a savings account is the least you can do with your money. You can invest money in Treasury Bills, Bonds, Mutual Funds etc for very good interest rates. Essentially, your money works for you while you continue your day-to-day work. But if you have a good business idea and are willing to take the risk, why not? That's the best form of investment.

seguntijan:
Saving money is the worst thing any visionary person can get involved with, it gets you poorer and makes the Bank, Business men and investors richer. The Business man or investor goes to the bank to take up the money you save as loan and invest it into their business and make huge amount of profit they pay back the loan(your money), give interest (Bank profit on your sweat/money), and keep their profit. Mind you the tax they'll deduct from their money won't be much because government needs to give investors some incentives because they're helping the economy, providing jobs while you that own the money will be tax. The bank also will remove charges from the money you save and give you at most #50Naira out of millions they made as interest. It can even be better if you fixed the money then you'll be entitled to about 6% of your money depending on your bank, at most they use 30% of your money to maintain the Bank staffs and building, therefore Jim Ovia and co will have 64% of your money invested to himself and family. before you know it you're helping him to maintain his private jets, his residential apartment at Abuja, Banana Island and co, you'll be helping him to send his wards to school abroad and come back to be your boss, and the chain continues. Worst of it the money you save up should now lose its value as we're experiencing presently, mind you Jim Ovia and co has access to dollar than you the saver, so they'll trade your money off again to make more money and you'll be withdrawing worthless money again.
In summary saving is the worst thing anyone can advise you to do, you can never see the likes of Dangote, Warren Buffet saving up money, they'll rather be serving loan collected on your money (don't forget the money they paid on your money is meant for Jim Ovia and co NOT YOU). funny enough it's LEGIT u can't sue them, so keep working under the sun and in the rain, keep working from 7am-7pm, keep taking your money to them, while they keep going to gym, club, expensive leaves on your money.
NB:- Not peculiar to Nigeria alone, and this is the reason why the RICH ARE GETTING RICHER AND THE POOR ARE GETTING POORER BECAUSE YOU'LL KEEP STRUGGLING TO SAVE MONEY

Please there have been several abductions before and after the Chibok schools girls. Must we find fault in everything? It will be foolhardy to think the only girls in BH custody are the Girls from Chibok school. They may just be the most popular.

DollarAngel:
JSS1? We were told the girls kidnapped where writing their SSCE so am kind of obfuscated here , does JSS1 student write SSCE?. Welcome the to the generation where we are been told a million lies and quater of truth

Very good. No more hiding in corners looking for cars to fine.

5 years of NDA training to either beat civilians or your other law enforcement officers. The tale of Nigerian soldiers

Bennycollins:
I accepted FBN secondary offer of 18.5% for 352days. Gurus' advice please. Thanks.

Very good deal in my opinion

see below

You can contact them on brokerageteam@afrinvest.com

MyMail2D:
Hello,
I am getting tired of trading with the Banks as most of their staffs don't know much about TB or are blocking my requests.
Pls does any one know much about Afrinvest invest securities.
They say they are dealing primary & secondary markets.

Any info on their capabilities

Also note that the bank will charge you 0.5% of any amount you want to withdraw from your dorm account.

ihedioramma:
Well done . Can the dorm account open in any bank? How many dollar can one use to open the account ? Can one get good profit in dorm account ? .

Do you have 50m, if not the bid rate will be useless​ to you. You have to go with the bank rate.

courage89:
Please, what would be a good bidding rate for Skye bank 91, 182 and 364 days Nigerian Treasury Bills.

Result of yesterday's auction below

91 days - 13.55%

182 days - 17.2%

364 days - 18.69%

Notice the increase in rate for 364 days. Now waiting to see what the banks offered their customers. All the best to those of us that sent in their bids.

Yeah. This is the best appraoch. But you must have accurately estimated the charges so you dont have insufficient funds at teh end.

sanerugwei:
What if you bid higher than the amount in your account, isn't that better than reinvesting the upfront interest.
Eg. I have 825k, I can decide to bid for 1M because at 18% that 180k interest add transactions costs too, they will just deduct that amount or thereabouts.
On maturity, you get credited 1M.

feelamong:
we all can share the rates being offered by the various banks here....

that way we can then compare the rates and go to the ones with the best rates..

Good point but that will only be in retrospect since you can only know bank rate after the bid is successful. And we cannot definitively say because Bank A had a reasonably good rate this time, it will also have for future bids. But good point though.

Time for Nigerian banks to make a kill. Their opportunity has finally come. You can no longer bid using your own rate. They will now bid high with CBN and bid low with you, thereby making good margin.

I will advise checking the bank you bid with very carefully and ensure you use those that are less heartless (if available at all)

Go to either stanbic, arm or first bank and tell them you want to invest in money market. They will give you form. You can compare and choose the best rate.

Austinekg:
Please can you give me a guideline on how to invest on MMF.

Regards.

Apart from the detailed explanation (including examples) above?

Paramount01:
Please I need someone that will explain these bond for me very well

DOLLARTEX:
Someone told me that the yield on savings bond is 30% of mpr ie 30% of 14 which is 4.2%.

If this is true, then na dem go invest for their savings bond

amiibaby:
Exactly my thought.... I really want to know about this MMF of a thing.....thanks Oga Feelamong

There is already a mutual funds thread posted here by @feelamong Please check back a few threads back. Meanwhile MMF has nothing to do with MMM o. It is just one type of Mutual Funds called Money Market Fund (MMF for short). You can also check stanbic asset management or ARM website for more information

awesomeJ:
I actually moved from NTB to MMF last month basically for cash flow reasons, I guess now, it's being a great decision, considering that I get upwards of 17% regardless of investment tenor. I see mutual funds sizes growing significantly over the next quarter, as it won't be long before retail investors who pulled out to NTB last year return.

true. Actuallly doing 17.4% this morning against the 17.2% from this week's NTB 182 day result. You can access your MMF from 30 days. This implies that youre getting at least 17.4 for 30 days compared to around 14% for 30 days on NTB. So Mutual Funds - MMF is the way forward. The only downside is that you don't take your interest upfront.

Sezua:
Please i need some enlightenment with regards to treasury bills. pls someone should help ASAP.

Help yourself by reading this thread from the beginning. You already have more information than you need. Read, Read, Read

Count 2 weeks from the last auction. It is done every 2 weeks

ozymes:
@Winneygirl, when is the next Auction date please?

PM me

kwallet:
Pls I need an info pls!
Email
Problemsolverng-at-gmail-dot-com

Great stuff. I did 17% for 182 days so I should be fine