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Nairaland Forum / Neurotika's Profile / Neurotika's Posts
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Investment / Re: Mutual Funds by Neurotika: 7:52pm On Sep 14 |
emmasoft: Thanks for the response. However it’s still not very clear. Let’s say you have X amount of principal with interest accruing and rolled over into the next month. Then next month you withdraw a Y amount from the fund (once or twice), what’s the implication of this penalty wise. Also let’s say during a certain month, you top up with X amount and withdrew a Y amount (lesser or more than the top up amount), in the same month, what’s the implication of this too. |
Investment / Re: Mutual Funds by Neurotika: 6:15pm On Sep 14 |
emmasoft: Pls can you explain this penalty further? For existing investments that is usually rolled over. 1 Like |
Politics / Re: Soyinka Slams President Tinubu’s Address, Response To Protests by Neurotika: 7:54pm On Aug 04 |
ottajah: The light is on but no one is in the room… |
Politics / Re: Soyinka Slams President Tinubu’s Address, Response To Protests by Neurotika: 6:19pm On Aug 04 |
viccy12: The man owes you nothing. He said what he said. I do not understand this obsession to the man’s political views. If I recall well he was one of those that protested that Yaradua handed power to Jonathan when the president was indisposed at the time. If he had deep seated tribalism in him, why will he do that. Is Jonathan from Ogún state or Oyo. However Jonathan’s regime was the first to witness so much terrorist killings and publicized corruption at the time…, what was wrong for him to also protest against it since he was one of those that backed the man to be president. Subsequent administrations came and y’all expect him to keep hitting the streets because of what exactly? I repeat he doesn’t owe any of you jack. 1 Like 1 Share |
Business / Re: Amid Inflation, CBN Raises Interest Rate To 26.75% by Neurotika: 4:05pm On Jul 24 |
lastkingsman:Asides borrowings, higher interest rate affects spending behavior, as rational agents will choose to save more rather than spend. It’s basic stuff bro. Go check the volume of deposits going into mutual funds and other investment vehicles of recent, you’ll have a decent picture. While I’m not saying the hike in rates will do magic as every policy has its lags depending on several factors, however if we are being objective, policy tightening is still the logical step to take for now. |
Business / Re: Amid Inflation, CBN Raises Interest Rate To 26.75% by Neurotika: 1:04pm On Jul 24 |
lastkingsman: Even if the inflation is cost driven, a hike in rates can bring down aggregate demand in such a way that prices will be forced to fall if other factors remain constant. The hawkish stance of the apex bank is mainly concerned about that transmission channel. Besides, CBN may also want to attract more Foreign Portfolio Investment, reduce pressures on FX reserves and to mitigate FX depreciation. On fiscal discipline, I agree with that. |
Business / Re: Amid Inflation, CBN Raises Interest Rate To 26.75% by Neurotika: 9:59pm On Jul 23 |
mayor02: This is incorrect. Whether the inflation is driven by the supply or demand side, a hike in rates will still drive the other disequilibrium down back to balance, other things being equal. But that is basic economics. It may not work here because there is lack of policy coordination…irresponsible fiscal policies is making monetary policies ineffective due to crowding out effects. But CBN do not have much of a choice, they still have to do their own part. |
Investment / Re: Mutual Funds by Neurotika: 2:24pm On Jul 03 |
emmasoft: Noted thanks. |
Investment / Re: Mutual Funds by Neurotika: 1:30pm On Jul 03 |
vefexam: The only challenge now is no one knows when rates will drop and what it will drop to. Certainty aids financial planning. I don’t think we will ever see rates peak this high again after this bubble. We can only hope CBN will maintain this high MPR…. |
Investment / Re: Mutual Funds by Neurotika: 3:34pm On Jun 25 |
olig: Had similar issues some years back. I filled two forms, normal account opening and MMF. I didn’t get my account number for weeks. Had to go to their office on the island where they gave it to me. I asked for the MMF account no, they said nothing like that in their records. Upon further inquiry they said it’s cos my ID card had three names and BVN had two names….something like that. Had to fill another form for that and all. Their KYC requirements can be quite frustrating at account onboarding stage but it’s worth it eventually. Asides some few issues once in a while, I personally think they’re the best in the market at the moment. Seamless app, daily settlements, competitive rates etc. you can go to a good branch where you’ll get good guidance on what to fill in the form and collect the account officer number for follow up. 1 Like |
Investment / Re: Mutual Funds by Neurotika: 3:33pm On Jun 25 |
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Business / Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Neurotika: 12:53pm On Oct 24, 2021 |
goaldynboy: 35 billion unit of shares, not market value of 35 billion naira. He bought 1.8 billion units out of the total issued shares. You must know the current share price to know the market value of the company. 1 Like |
Politics / Re: Bismarck Rewane: VP Osinbajo “Absolutely Correct” On Artificially Low Forex Rate by Neurotika: 3:51pm On Oct 13, 2021 |
Conflicting submissions. He inferred that the naira is overvalued and still went on to say the value should be 4 times stronger than what it is currently....makes no sense to me and perhaps we should be more careful with these "experts".... 1 Like 1 Share |
Foreign Affairs / Re: Russian Warships Fire Missiles Near Japan ( Pics, Video) by Neurotika: 4:22pm On Oct 12, 2021 |
No one has a monopoly of violence...and no such thing as a victor in any 21st century war between heavyweights. I believe Russia is wise enough to know the basics. 6 Likes |
Business / Re: Nigeria's FX Crisis: What You Should Know By Kingsley Moghalu by Neurotika: 8:18pm On Sep 21, 2021 |
A little knowledge is a dangerous thing. He lost me when he opted for a free float system in a country with serious structural deficiencies militating against those invisible hands. Foreign debt overhang, inflation, market imperfection (speculation, collusive oligopoly especially in the parallel market), massive window for currency abitraging, bottlenecks in accessibility of FX at the official rate, interest rate, unilateral source of FX earnings, unfavourable balance of trade etc....cannot make such a system work in this peculiar situation. Hmmm, interesting times we live in.... 3 Likes 2 Shares |
Politics / Re: NNPC Releases 2020 Audited Financial Statements by Neurotika: 9:58am On Sep 09, 2021 |
Hmmm how do you explain a gross loss increment of over 100% from 36.7b in 2019 to 81.1b in 2020 for the corporation. Even the dubious profit declared was due to the huge impairment reversal of over 400billion (with a vague disclosure to back it up). The level of inefficiency and waste in government owned parastatals is beyond comprehension. 1 Like |
Religion / Re: Sexism Or Feminism? Which Is Worse? by Neurotika: 9:45am On Aug 15, 2021 |
Gone are the days women are treated as second class citizens...in today's reality they are more favoured than men. Men commits more suicide, have a higher mortality rate, records more depression, financial expectations and societal pressures...nearly 70% of divorce is initiated by women...the list is endless. At the end of the day, both genders are constantly embroiled in a battle of superiority with the females currently topping the charts. 17 Likes 1 Share |
Celebrities / Re: BBNaija's Alex: One Day, I Will Flog Children That Clean Cars In Traffic by Neurotika: 3:41pm On May 20, 2021 |
Of all the pressing problems of this country worth drawing Government's action to, this one chose hustling minors soiling her windscreen. Interesting times we live in.... 3 Likes 1 Share |
Politics / Re: Again, Ondo Amotekun ‘Deports’ 137 Northerners From State by Neurotika: 6:39am On May 05, 2021 |
Powersurge: The process of prosecution and conviction involves some considerable amount of resources;manpower, financial etc. Why waste such on a sect with no significant impact on your indigenous development?. Besides, when they all have occupied most of the available jail cells, where will the locals be squeezed. 2 Likes |
Romance / Re: Nigerian Is The Reason Why We Don't Have iPhone 9 (PICTURES) by Neurotika: 7:12am On Jan 28, 2021 |
5hanklee: Same as Bill Gates and Jeff Bezos. 3 Likes |
Romance / Re: Save Me From Hell!!! by Neurotika: 8:53pm On Jan 23, 2021 |
Kestolove: I guess you're the Grim Reaper. |
Family / Re: Three Experiences That Make Me Think I'm Married To The Wrong Person by Neurotika: 10:43am On Jan 22, 2021 |
Marriage isn't for everyone. I read some comments and I've come to realize the modern wave of feminism blowing this generation has turned most of our men to masochists. They just marry. No substance, no true companionship, no deep understanding of each other, no love. To these weak dudes, women are doing them a favour by doing some basic crap men do everytime yet get no applause for. The op is fvcked already cos I don't see profound love in this home. You probably married cos of some self esteem issues or age considerations...now it's yours to deal with for the rest of your lives. All I know is that woman can never be your last recourse for any sort of emotional support. Your marriage is purely transactional. Deal with it. 4 Likes |
Travel / Re: 10 Reasons Nigerian Immigrants Would Enjoy Canada by Neurotika: 9:27pm On Jan 04, 2021 |
On the flip side though, it's a fvcking boring country. 56 Likes 2 Shares |
Phones / Re: Who Uses Samsung Galaxy M30s Here? by Neurotika: 9:38am On Dec 27, 2020 |
SaintUlot: 34.43% more megapixels/camera quality, screen protection, wider aperture, latest version of Android, NFC, 150MBits/s (faster download), more RAM (if you're buying the 4gig version of m30s), shoots raw, supports ANT+, better hardware build (check YouTube for the stress test), accessibility of phone accessories/parts due to the phone being relatively less scarce in Nigeria than it's predecessor. Don't know about the price difference being 50k, but last I checked, it was around 30k thereabout. Nonetheless, I'll tell you for free; they aren't mates. |
Phones / Re: Who Uses Samsung Galaxy M30s Here? by Neurotika: 5:57pm On Dec 25, 2020 |
Go for M31 |
Nairaland / General / Re: What Have You Lost Interest In? by Neurotika: 10:29pm On Dec 20, 2020 |
Health / Re: Covid19- London Put In Emergency Lockdown As U.K. Fights New Strain by Neurotika: 10:14am On Dec 20, 2020 |
Sheggy13: Dude relax and have an open mind...things aren't adding up. China was first hit with this and in few months they expunged it from their country. How? By locking people in their houses?...Go to the streets of Beijing now and you'll find majority walking freely without a face mask. Yet that's the country with one of the highest population density in the world. You really want to believe they haven't found a cure for it? Understand the dynamics of health economics before engaging in certain arguments. There are no strong patent laws in medicine and the imitation gap is very short. These big boys aren't charity organizations and the internationally present ones will normally be sluggish to spend billions of naira in research for a cure when the ROI isn't so enticing. Whichever angle anyone looks at it, the conclusion remains the same - things aren't adding up. |
Health / Re: Covid19- London Put In Emergency Lockdown As U.K. Fights New Strain by Neurotika: 11:16pm On Dec 19, 2020 |
The regular adoption of locking people in their houses to reduce the spread is an embarrassment to science. It's either there's a political undertone to it all or the big pharmas aren't economically motivated enough to find a cure. The whole thing smells funny and I'm not eating it. 22 Likes |
Car Talk / Re: Which Is More Stressful To Clean The Interior Or The Exterior Of A Car? by Neurotika: 1:31pm On Dec 10, 2020 |
For basic washing, exterior is more difficult cos of the tyres. The difficult part of interior is washing off the sands stuck in the rugs. 10 Likes |
Crime / Re: Maryam Sanda's Death Sentence Affirmed By Court Of Appeal by Neurotika: 4:34pm On Dec 04, 2020 |
The anticipation of death is worse than death itself.... 18 Likes 2 Shares |
Politics / Re: Dr. Betta Edu: "Build A Statue For Everyone Killed At Lekki Toll Gate" by Neurotika: 2:41pm On Oct 23, 2020 |
What happens to those killed in other locations?. |
Crime / Re: #EndSARS: 17 Police Stations Burnt In Lagos – Police Spokesperson by Neurotika: 2:28pm On Oct 23, 2020 |
The monsters you fight against lives in most of you... 5 Likes 2 Shares
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