₦airaland Forum

where are we headed? is there any relieve in sight for Nigerians?

It's quite scary


Tomorrow you wld still see a danfo driver with full 18passengers struggling with a petrol tanker on the road. claiming "shey he no see me"..

God help us

Na wa oo

Things are really hard.

Portugal self feel am..

But how person wan take punt correctly for this world cup naa?

Its hard predicting score lines

WHICH KIN ENDTIME GAMES BE THIS ONE NAAAAA

veekid:
Why is neymar crying

passion!!!!

Good good!!!!

Not bad afterall

Mccullum:
Those betting companies will gain more and more than the gamblers in this World Cup.... because of unbelievable score lines

Oomoh na true ooo

First corner :: Costa Rica??

Sapeleboy911:
Wow!!! what an educative and eye opening investment thread. Kudos @feelamong for creating this thread.
My questions are, what is the difference between buying a 91,182, and 365 days treasury bill? And how are the interest rate for this bills calculated? Take for instance if I invested #1000000 in a 91 days treasury bill at 10% . After the 91 days period what will be my expected profit? If same amount is invested in the 182, 365 days treasury bills at maybe 11, or 15 % interests respectively what would be my returns?

Oga you can read thru previous comments.

In calculating the interest, you use P*R*T/364. E.g for the 1,000,000 for 91 days at 10%: 1,000,000*0.1*91/364 = 25,000.. The you get minor transaction fees say 260 naira

youngwarrior:
Why do people who make a decent earning go broke? Why do people work so hard and yet come down to nothing just a few days after the months pay? Here are a few reasons and how to reverse this trend for yourself starting today.

[img]https://3.bp..com/-csSivgueWC8/Wvr3HBN9scI/AAAAAAAAALU/yEAzgNQ_F4c3Q_tVzfoa1vRWRXUX3ByTgCLcBGAs/s320/stop%2Bbeing%2Bbroke.jpg[/img]

1. Inability to Differentiate between Needs & Wants

Yes, you've got to live a good life but the ability to differentiate per time what is a need and want will keep you from carrying an empty pocket and ending in desperation and debt. Needs are those things you cannot do without. For instance because the nature of my work, I cannot do without power and have to spend money on generating power when there is an outage. That is a need.

Wants are those things you'd love to have but do not make any significant difference in your life. For instance, if you have 2 pairs of shoes, getting an extra pair because you have a weekend ball is a want.

Surprisingly, a lot of people focus on their wants and look for means to satisfy the desire for these wants and end up overspending every single month. The result is a dry pocket. Differentiate between your needs and your wants and work hard not to satisfy your needs unless you genuinely have extra left to cater for it.

2. Depending on one source of Income

Creating a passive income is one of the ways to avoid going broke. But many people prefer spending money on several things that won’t put money into their pockets.

I know a business you can start with just 2k, but you need to learn the tactics to make money from it. But people would rather invest in things like partying and buying shoes and all.

One of the reasons why we invest is to prevent a dry pocket. The problem, however, is trying to invest in the overview of a quick turnover. Work at investing a certain percentage of your income every month on a long-term asset or a long-term investment programme that can work for your over time. For instance, investing in real estate every month, little by little is one great investment idea I love personally.

3. Ignoring Savings

It is very difficult to pull money together and takes a great deal of discipline to achieve. It is however very easy to blow it all off in just one moment of spending "madness"

First, work at your savings. Cut your expenses starting from now to allow you save at least 10% of your income every month. Just put it aside and forget it. If you save 10,000 Naira per month, you will have 120,000 Naira in a year, which is better than having nothing. The good news about having a careful savings culture is that after just 6months of doing it, you will begin to feel more confident, have more peace and less anxiety about tomorrow and you will know you have something to fall back on.

Another great advantage is that each time you save some more, you will watch your account grow a little more and this gets you ready for bigger opportunities. For instance, you can decide to buy a house after 5years, become a landlord, earn rent from your property while you still continue to work, save and make more money from property rentals.

Practice these 3 steps on a continual basis and you will gradually discover that you will stop getting broke, live a happier, less stressful life and in time move from a dry pocket to a fat bank account. If you need a passive idea that pays, you can check out this business idea that pays me.

See Source for More

Summarily,

The PARKINSON RULE explains this..................

viviliciousglam:
Pls help me calculate my interest rate....I was given 10% for 122days at UBA for 6.5million and when I did request for the certificate I was told to come back when they debit my account.Pls help a novice ooooo it's my first time.

Hi,

your interest rate is 10%, like you stated.

Your expected return is 217, 857 naira... so you would be debitted 6, 282, 143 + a certain sum as VAT

I did with UBA too and you would get a TB certificate. just go back to the officer that did it for you. Alternatively, it might be sent thru mail.

Bro.

you get 280, 394 naira

funkyglitzzy:
Hi Good morning,I was given 10.5% rate for 6million at union bank for 162days on TB....pls I want to know my interest rate.Thanks

Someone kindly assist with possible reasons the rates are reducing steadily

Gmartins:
Congrats man, at least you have started to play along with the rich in TB. I too, am puting in same amount for starters. One have to practice and be a majoy player in investing. #InformationIskey #rememberparableofthetalents . Thnks to the moderator of this post and the real masters in this forum your comments are helping me think possible things #nasmallsmallpersondeygrow

Well said

spenca:
what is the tenor ?

Thanks guys for the response..@otus, spenca.

it's for a 106 days tenor. I understand the interest calculation now, and yes the interest paid (2700) on my 100, 000 is correct..

longer tenors get better returns in term of interests. ive learnt

Kindly assist

I got treasury bills worth 100, 000 naira from UBA this afternoon @9. 5% rate.

i got debitted about 97, 321 naira that is a profit of only about 2, 700. i was expecting about 9, 500 profit.

please help me with how the interest is calculated...

I was notified that I was successful in the aptitude test for the FIRST BANK GT PROGRAMME


I also received mails notifying me that I would be invited for assessment centre, and I should exercise patience.


But till now, i have not been invited for assessment centre...


I called the contact number provided in the mail SEVERALLY... i also sent SEVERAL emails quoting the initial notification of success in the test, and other mails I received from them. But I got no reply and no tangible information was given me.

I still wonder what happened FIRST BANK

globaba11:
so happy am with my people. I had OND in Bld tech. and I am also a professional carpenter so I decided to face my career toward become a carpenter contractor instead of going for HND cus I think am at my best doing freelance roofing work than been a builder. the only problem with freelance is networking. I don't think I know the right people already..

My broda.

please get the education (Proceed for your HND), maybe on part time, if you can. It would help you, maybe, on the long run

nena2014:
You just made my day. Thanks so much for the update and am wishing you success in your test. Well am scheduled for tomorrow. Men my BP dey rise, I need to check it.

Nena please help me.

I'm scheduled for tomorrow too but for 10:30. what time are you scheduled?

I can only make it for the test writhe free 1pm or as early as 8:30...
pls help

Please ....is anybody here willing to swap? Thursday 10:30 for a later time even on the same day

ibnchokomah:
Toyin has replied. Thank you

How far. was she able to reschedule you? Kindly assist

I'm scheduled for Thursday...anyone interested in a swap for either Wednesday or Saturday? Please help guys

Has anyone gotten the link for the test?

Has anyone gotten the schedule for the assessment from ceb shl

Lool

Think wetin? . .......2 yrs going

You got the job right