₦airaland Forum

Mpyaw:
manie in the building
Hey! to be added to the WhatsApp group send NLT to this number via WhatsApp 2348103111840

Thanks, not interested.

RadicallyBlunt:
Paying tithe is a necessity from God. The responsibility of the pastor is to ensure that he uses it to provide food in God's storehouse. If he does not use it for that purpose, he's not answerable to you, he's answerable to God. Yours is to pay, once u pay, then you've obeyed your own part.

Offering shdnt be a compulsion but optional. Any pastor who makes it compulsory is a thief.

if I don't pay my tithe, I am not answerable to any pastor but to God.

The same way the pastor is not answerable to the congregation on how he uses the funds contributed by members of his congregation.

presidentpikin:
.....I saw this Seen I was so overwhelmed with such achievement and carbon copy of you and your father Mr Samson Osewa and your brother the mathematics teacher Mr Iyanuoluwa Osewa...if not of distance I would have come to registers my kidsin Ota..I Am proud indeed... Good job

They have boarding facilities in the school for those who do not reside in Ota or Nigeria.

Distance is no longer a barrier to receiving good education.

angelo82:
The cross deals are setting the market backward and kind of abusive to the market.

That is another advantage of trading with some of the big houses.

angelo82:
The cross deals are setting the market backward and kind of abusive to the market.

How is that possible? There is nothing bad in cross deals.

olujaidi:
Rates were poor a few months back. They started going up sometime in June. No bank has the monopoly of excellent rates

Rates were very poor in the first quarter of the year.

But the guy in question invested about 3 months ago, earning 20k for his 91 days N1 million investment.
I doubt if his bank actually bought Treasury Bill for him.

Ekpokhia:
Please guys I'm new on this forum, I really appreciate what you guys are doing here.

But I have a little problem....3 months ago I invested on t-bill and I used the bank rate. And I only got 20,000 for the one million for 3 months which to me is very low. But i want to invest another 2 million. Please which bank has the best rate?

That is about 8%., are you sure the bank did not Invest your money in fixed deposit.
Which bank did you use?

locodemy:
50 kobo multiply by 6,000,000,000 units OS is #3 billion.......Are they going to pay this from their PAT or shareholders fund?......Well any company that pays this amount to shareholders is not suppose to be a penny stock again

A company can even pay a total dividend of N10 Billion in a year and still be a penny stock, while another company can pay a dividend of N1 Billion in a year and stock price can be as high as N20.

The number of issued shares and earning per shares play an important role in the determining a stock price.

Transcorp is not a penny company, but because of the volume of the issued shares and fundamental of the company it is a penny stock.

Untainted007:
Pls does anyone know about AIICO Insurance savings scheme? A church member who works them have been on my neck to do a 15year plan for my Son, purposely to enhance school fees in the future. She said I can have access to 15% when he's 5years while d rest after maturity. But my mind is not really going for this AIICO but Mansard that I know can keep to their promise. Pls any info about AIICO Insurance?

15 years is too long, any can happen within the period which may prevent you from continuing with the payment.

If you use your money to invest in real estate for 15 years, the return on investment, capital appreciation and rental Income will be enough to pay for the education of your children.

abbeyforex:
They will promise you 15% interest compounded annually and they will still short-pay you upon maturity/termination.

You better use your money to buy treasury bills, roll it over and compound the returns

tunlex01:
Wow..all these for mutual benefit? I can boldly say my own case with them is still better.
The company displays total lack of customer service and ready to rip one off.
I decided to terminate my policy with and over 3 weeks now, I am still being tossed. Signed discharge voucher but I haven't received my money.
In my opinion, this is the worst company I have ever had business with in my entire life.

Shareholders of the company have not earned dividend in close to 10 years.

The insurance companies that paying dividends as at when due are Custodian and Allied, Mansard, Aiico and others which I can't remember now.

tunene66:
Note over time property values appreciate n so will rental income. While TBill rates fluctuates either way n d principal value remains constant. The choice is

You can also plough back your interest and compound the return on your TB investment.

adros84:
WAEC has just released the 2011 MAY/JUNE SSCE Results. Only 30% made 5 credits (English and Maths inclusive) nationally. But at Goodwill, we recorded 96%.
We recorded 100% Distinctions and credits in 11 subjects - English Language, Biology, Physics, Chemistry, Agric Science, Government, Christian Rel. Studies, Financial Accounting, Geography, Visual Art and 96% in Mathematics!

See Details below:

Are u interested in having your son, daughter, cousin, nephew, brother or sister excel in a school where examination malpractice is anathema, contact Goodwill Int. School, Ikorodu today on 08098750509.

But note that we do not admit into SS 3 and we do not touch external candidates even with a long pole.

How much is the school fees.

Funny thread

kabanayol9:
Like seriously, are you for real, a whole graduate, thanks brother, I sincerely appreciate your contribution.
More comments to roll in.

You asked a question and he gave his opinion.

zamirikpo:
I

Yes....its dsame, I got exactly same SMS...

I think commercial papers and Bankers acceptance are different from Treasury bills, although they are all Money Market investments

sk8professional:
yes sir we operate all around nigeria

Do you operate at Ikorodu?

Yes, how much will it cost to distribute 4000 fliers for a school?

sk8professional:
We distribute handbills, create awareness for your good or services to be known in different region of Lagos and Nigeria with the use of our professional skaters for effective movement and a swift advertisement.
we also do..
1. distribute handbills
2. road shows
3. video shoots
4. Group Dancing (with rollerskates and dancers)
5. skating lessons
6. Unicycle lessons
Our team consists of ladies and boys who are involved in various entertaining sports,
We do activation all over Nigeria based on your region of work choice.
We ve been involved in many successful jobs and has reference from different individuals and companies .
Your choice and happiness is our major concern..
Contact ayinde 08121270613 thanks

Do you operate at Ikorodu?

oneluvs:
Name of the school address

The school is very close to Tafawa Balewa Square and Lapal House.

Fragilegirl:
I think Zuckerberg believes in God... Someone is scared of being converted.

Mark is a full blooded Atheist.

drtonyo:
Listen: Ladies and Gentlemen, if you want to be mega-rich, just buy some shares in TRANSCORP now before it is too late!!! who knows OBJ may assume it's chairmanship post handover.
By the way, the price of transcorp has been adjusted back to #9.71. GOODLUCK

I guess investors are now wiser.

angelo82:
The bank also reveals that it “sets aside an amount not exceeding five (5) per cent of the aggregate emoluments of the Bank’s employees in each financial year to purchase shares of the Bank from the floor of the Nigerian Stock Exchange for the purpose of the plan.”

The bank allocated an additional 318,927,997 to its shareholders during the year bringing the total allocation to about 517,753,801. The bank also disclosed that 42,599,105 have a vesting period that will expire in 2016, whilst 160,866,573 and 314,288,123 have vesting periods that will expire in 2017 and 2018 respectively.

According to this definition, Vesting periods are defined as the period of time before shares are owned unconditionally by an employee in an employee stock option plan. If his/her employment terminates before this period ends, the company can buy back the shares at their original price.

For example, for the vesting period expiring in 2016, it means employees who have been allocated the shares will earn in by the end of the year provided that they remain as employees of the bank. They can leave the bank after the vesting period and still retain ownership of the shares.

At the current share price of N5.6 the shares are worth about N2.8 billion. The bank recognizes the average price of the shares at N5.95 based on when it purchased it. About 209.5 shares was purchased at about N7.5 while another 318.9 was purchased at about N4.8, 10.7 million was purchased at N6.4 naira per share.

That is not a share buy back, a share buy back MUST lead to the cancellation of the bought share. I can't see any reduction in the share capital of the company in the last 4 years.

I guess management tried to secure the financial future of her employees by buying shares of the company for them at ridiculously cheap prices.
I just believe top management did not cross or sell their own shares to the employees. A friend who worked was made to take a car loan and must buy from the company of one of the directors.

The scenarios described above is not a share option, shares are allocated based on certain conditions that are to be made and the company does not pay nor buy on the floor for such transactions and incentives.


There is a whole lot of difference between employees and top management buying their company's shares and share buy back.


Share buy back is done by the company on behalf of the company and the shareholders.

angelo82:
They bought all those shares from the floor with different prices if you don't know.I got information about something like that from an insider last year and I shared it here.

That is great, can you please share the link to that transactions. A share buy back is never done in secrecy, SEC and NSE must also approve it.

angelo82:
I am not a stranger to standard stock option but this is proxy share buy back which is smarter on their part.But those staffs will never own the shares as stipulated in the article.They are playing smart but I just hope is good for market.

I stand to be corrected, this is not a share buy back, this will lead to dilution of the shares.

Every shareholder want his/her company to do share buy back. A buy back leads to cancellation of the issued shares, most cases you will find out that EPS rises geometrically after a share buy back.

OBAGADAFFI:
So instead of compensating their staff with money they are giving them shares.
Why not give them the option to choose between shares and real money.

These are well known games played over and over again.
You can't get anything free from any Nigerian Bank.

They are enjoying both worlds, earning salaries that are a bit higher than industry average and also allocating over 500 million shares of Access Bank to the workers. Every qualified member of staff should have an average of about 500k units of shares.

rebekah2011:
It is a reward strategy to retain their best and performing staff. Good as this may sound, what are the criteria to qualify for this and I hope the MD and the Board are not part of those that will benefit from this scheme. 517m shares to be doled out to employees within 3 years period is just too much. These guys already have plenty reward system in place. I was talking to a friend that works with zenith today. They just slashed their salaries while ACCESS just increased theirs. We need to see the list of those that will benefit from this scheme.

You are absolutely right, l hope Nigerian managers and bankers will not abuse it. Oando did similar thing about 5 years ago.

angelo82:
That's not dilution but more like share buy back.Read the article well but the main deal behind purchase of the shares might be for Access to corner most of the dividends.

Sir you need to read more on stock option as a means of compensation and share buy back.

cadno:
Pls what value is this increase to stock prices...oando ? ..pls clarify

. Oando is a huge joke. Upon the dismal performance of the company the directors still have the confidence to spend over N1billion on themselves and Wale went home with N127 million salary excluding certain benefits and privileges.

power900:
really, I visit that branch very often, can you drop a phone to call you through, I got some questions about fixed deposits and stuffs related,okay

Try treasury Bill instead of fixed deposit. I got 14.5% for my NTB investment a fortnight ago

Dasdfgnb:
Am proud to be a GTB staff... ikotun branch all the way

. I hope you have shares in the company, it not enough to be comfortable as an employee who relies solely on linear income rather than also having residual income.