After a long stay in the academy, Okiemute wins Mtn Project Fame Season 9.

Congrats to her.

How easy is it to invite one's relative for one's graduation ceremony: maybe father and mother? Does it makes sense?

What type of visa will they be issued?

What are the chances of the visa been granted?

[Just state your opinion about. It doesn't have to be 100% correct. Thanks as you reply]

@justwise, @nevilbolt, @Eke40seven..., @everybody

Hello guys,

Is it allowed for me to deposit euros into my domiciliary euro account.

I heard CBN has a rule against that.

Is there any condition for me to be able to do so?

Thanks as you reply.

Guys, who else tried the above. If you try it and it works fine, you can indicate and share your experience.
Thanks.

Chukzyfcb:
I have a question to ask, feelamong your input will be highly appreciated. my questions goes thus

Say for example I want to invest 10,000naira and the discounted rate is 10%. I know fully well that the bank will debit 9000 and leave 1000 as the upfront interest right? Well, what if I had ONLY 9000 in my account but in my t.bills form I wrote a bid of 10,000naira knowing fully well it's just 9000 that will actuallu be debited, do you think the bid will be successful. Because I am thinking of playing a fast move that may pay off nicely.

Incase you still don't get my questions: lemme make a story
Say Mr chuks walks to the bank to invest in t.bills and on his form he wrote that he will like to invest with the sum of 110,000 naira at a discount rate of 10%. He knows if his bid is successful the government will just debit 100,000 and pay him 10,000 upfront interest. But the thing is mr chuks has just the exact 100,000naira that will be deducted, nothing more nothing less. So Will his bid be successful, yes or no?

Advice is needed.

unite4real:
Your question was answered. Let me further explain by analysing.

First of all, your calculation is wrong. 10% of 110,000 is 11,000. Subtract this from 110,000 will give you 99,000. You are expected to have 99,000 in your account.

Option1
1. You have 99,000 in your account
2. You place a bid for 110,000
3. You bid 10% (10% of 110,000 is 11,000. difference is 99,000)
4. You place the bid because you expect to be successful with a 10% rate which you placed yourself without going with bank rate. You did this because 10% discounted will enable your account to have the 99,000 debited

Option 2
1. You have 99,000 in your account
2. You place a bid for 110,000
3. You go with the bank's rate (prevailing rate)
4. With this bank's rate, whatever the auction close with the bank is what applies to you. Lets assume the auction closed at a successful 8%, after discounting, (8% of 110,000 is 8,800. difference is 101,200)

That is why i told you that it can only be possible if you either place your own bid rate or your successful rate if you go with the bank's rate is not less than your calculated 10%.

i have assumed the insignificance of custodian and other fees.

Rizin:
This calculation is a problem to many.
Look at this, somebody did a job in A firm and realized 1.2million. he added 5% vat which is 60000 so his total figure was 1260000. The money was paid in full and government took their 5% which is 63000 and not the 60000 he calculated earlier. YOU CAN NOW SEE THAT HIS 5% IS WRONGLY CALCULATED.

Now if I have 502000 and wish to involve all the money in TB at 17% (may be for 364days) what figure should I get? Very simple
1. subtract that rate from 100 = 83
2. divide that your money by this figure and multiply by 100. = (502000/83)*100 =604819

3. Now if I have 502000 to invest, I can confidently fill in 604819. now 17% of 604819 is 102819.
4. then 604819-102819 = 502000. which is the amount they need to withdraw from my account.
5. funny enough if u do this, you will have to pay for service charge over the counter. hahaha sometimes mathematics even though it's true, it is far from reality.
6. One good question to ask Is WHAT IS THE GAIN?

If I used 502000, I will have 85340 which is my 17% dormant on my account.

but when I used 604819, I will have 0 on my account but after maturity I will get 102819 extra instead of 85340.

Rizin:

if it works? YES
If I have tried it and it worked for me? YES. but with first bank and never with GTBank regardless of my preachings.

The truth is that it's not easy and as you are marketing your business so also the banker. DON'T FORGET THAT THEY ARE THERE JUST BECAUSE YOUR MONEY IS THERE. That is why they will tell you that 5% 6months fixed deposit is better that 15% 91 days TB. And some banks will only pay you interest if only you did not withdraw from your account in 3 months.

The truth is that it works but,
1. you have to make sure you leave the minimum amount needed in your account. Also the service charge
2. You have to tell them exactly what you wrote and persuade them into accepting what you wrote (please don't think that they don't know just that you know the country we are in )
3.Make sure your application pass the customer service desk. you know how they do, they will just check your account and tell you INSUFFICIENT FUNDS, Without knowing how you intend running your package.
4. you have to come back here and share your testimonies then send you testimony gift/offering to the account I will give to you.
thank you

awesomeJ:

Let me say the much I know on this.
First, it depends on the bank you use. For FBN for instance, if you're placing a bid for 1.2million, your account must be funded with that same amount, because the sum will be debited from your account on the very day you submit your bid, and that could be several days before the auction.

Now, concerning how you can go about the smart move, there are two options I know:
1. On the T.bills form that some banks provide, there's a part where you're asked if you'd like to invest the upfront interest payable on the investment. By checking that box, what you'll get on your investment will be the true yield on the investment, and not just the discount rate. for instance, let's say you have N1 million to invest for 364 days, and you're able to get an 18% discount rate on the investment, you get 180,000 today and 1million in a year's time, to make a total of N1,180,000. but if you choose to invest the upfront interest, the true yield on that 18% discount is gotten by this formula d/(100-d) multiplied by 100. The true yield is 21.95%, which implies that you get the entire 1million wiped off your account now, but after one year, it earns you an extra 219,500 instead of the normal 180,000.

2. If all you have to invest is 1million, you could take an extra 200,000-for me it could be the money for my expenses for the month. you place a bid for 1.2million on the monday preceeding the aunction. If your bid pulls through at say 18% discount rate, after 3 days, your account gets credited with 216,000 from which you can retrieve the 200,000 and after one year, you get 1,200,000 giving you a net returns of 216000 instead of 180000.
I hope I've made sense to someone. God bless us all.

Guys, I have a question. (Gurus and mathematicians ?)
Lets do the math pls.
This is just an example (an assumption).
----------------------------------------------------------------------------------------
Note:
Total amount of money in my account = 10,000
I want to bid for a year.
I assumed charges from the bank are excluded (without any other external factor)
I want THE WHOLE 10,000 to be debited when the bid is successful. [In this case, I won't be paid upfront]
----------------------------------------------------------------------------------------
If I have 10,000 and I want to bid at 50% with the conditions I stated above.

While filling the form or giving the instructions:
Rate = 50%
Tenure = a year (365... whatever)

Amount = ? [What am I supposed to fill here: using the mathematics...]

-----------------------------------------------------------------------
Is it possible to fill the amount that way? Note that I only have 10,000 in my account.

In that way, I hope the whole amount that will be debited from my account will be the whole 10,000. Note that I assumed charges are exempted.

Did anybody try this as it seems it was proposed here on this thread in the past?
As in, you can fill more than the amount you have in your account just to make sure almost the whole money in your account is debited for the bid as you can leave a little amount for charges?
-----------------------------------------------------------------------
What am I supposed to fill in the amount above.

The overall total that I should get back should be ??.

[You can show us the formula of your calculations which is very important]

Thanks as you comment.

soji0509:
Hello people, do we have good Samaritan who can recommend a school offering BSc. Computer Science or related field with English as teaching language and with Summer admission application still open ?
This is the 3rd time this question is being asked and it remains unanswered.

A good samaritan is here.

Here is my advice.

1. Go to part 1 of this thread and read from the beginning to the end.

2. Do the same to part 2

3. Do the same to part 3

4. Research well independently

5. Give everyone your findings with regards to your question.

Jah bless.

Thank me later

There is already a thread on Italian visa stuff.

I replied u on the German visa. You will see the link there.

Solatium:
Does anyone know the visa process period at italian consulate in lagos?

check this bro. I love you. [send me a private message]

https://www.nairaland.com/969016/italian-student-visa-help

Are children meant to be trained or meant to be raised (proverb) ?

Of course, I am a student and plan to follow the formal procedure.

I am just looking at the overall cost, the stress and risk of getting a car in Europe.

Instead, I can just finish my program and get a small new car in Nigeria without all the long story of the above plan.

Just thinking...

What is your take on this?


https://www.youtube.com/watch?v=DMDAQFXwKgc

nevilbot:

My name is not nevibolt. Do I look like I come from Jamaica! Abi u hear say me and usain bolt be cousin?

Haha, what do you say about my question?

How safe (risky) is shipping a car from Europe to Naija as I am studying here.

I would use a car once I get to Naija.

Would you buy in Naija jeje or try your luck and take the risk with the ones in Europe.

Don't forget the shipping wahala and lots of that. I need more enlightenment on this.

Thanks.

@nevilbolt @justwise @williamson

How safe (risky) is shipping a car from Europe to Naija as I am studying here.

I would use a car once I get to Naija.

Would you buy in Naija jeje or try your luck and take the risk with the ones in Europe.

Don't forget the shipping wahala and lots of that. I need more enlightenment on this.

Thanks.

Guys, is charity a must? Please comment.

Why are people subjected to ridicule for being rich or being unnecessarily targeted ?

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks.

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks.

Are lot of guys spending extra semesters after the official 2 years duration for the masters period.

What are the major causes?

Is it projects, thesis or some repeated courses causing delay?

What do you think about spending extra semesters and how often is that happening (e.g spending a semester extra after the official 2 years before graduating.)?

Experienced guys in Germany, what is your take on this based on what you see, noticed or experiencing.

Note: Not going there to work just to study

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks.

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks.

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks.

Babatunde Oni Oladipo - 5 million Naira winner (Year 2010) Who wants to be a Millionaire? (WWTBAM) Nigeria.

Can anyone recall the last question he was asked on the hot seat (I mean Question 15)?

Did you remember the guy, did you watch that show. Please comment. Thanks.