₦airaland Forum

Kokobay:
Hi...any one knows Stanbic IBTC'd secondary market rates tgos morning?

I just came out from there and these were the rates and tenors i was given:

59 days - 11.5%

150 says - 12.4%

339 days - 13%.

I went for the 339 days as i cannot wait for Primary market of October 2. Now waiting for alert.

Barrytone:
Let's know as you get back your capital today for those with today's maturity. Thanks

Stabic alert for matured TB just dropped. 'NextLevel' secondary market loading. FG needs to pay my Landlord his one year rent.

Alert for matured TB just drop from Stanbic.

feelamong:
I dont think its a good idea to rush into a long term TBill deal now.

Naija is broke and the FG needs to borrow over N1TR in this quarter..

I see rates going to as much as 14.5% in the coming weeks.

Just look for good short term secondary market deals and lie there for the small time.....

I normally do long term o as i use it to pay my rent which falls due early October.

feelamong:
Yields are gradually hinging upwards....

TREASURY BILLS AUCTION 11/09/2019

91 days -------------11.1%

182 days -----------11.79%

364 days------------- 13.286%

Good. I have a TB maturing today and another one next week 19th. Will do a secondary market after that.

Philantropists:
Good you asked, he is not financially stable at the moment, i believed taking care of his child's school will lift 10 percent of his burden off. I intend to give him a cheque of N10 million but i thought about him using the money to womanize and finish it in one year then i feel Treasury bills or Bonds will yield N1.3 million per year at 13%. If he decides to have other children he will cater for them, i can only assist to an extent.

I believe TBills or Bonds yields will put this particular child through up till University level at annual interest of N1.3 million a year.
Wow a relative of yours connived with the school mgt, people are just mean. i will try see how this can be avoided.






Ok i will do that, they are based in a city called Enugu, do you have idea how much good nursery schools charge as his quote seems to be high, I guess there are good private schools taking between N100k to N150k. Sorry if you are not based in this area, just thought i'd ask.

Thanks






Could you pls provide me with some info for some schools if you have, they are based in Enugu, I can actually make inquiries on his behalf and make recommendations.
Thanks





Haha post office indeed, the fees N900k/year for a child that is going there to eat biscuits and watch spider man is high but worth it if there is excess money but in Nigeria, quality is not usually in line with high prices. Wow just N100k for children, abeg give me the contact i will make further inquiries with it and if he agrees i move them to Abuja.






Ok, I will look intobonds thanks, Nigerian bonds you mean? I will look iinto high tenure bonds as it will yield higher interest.



Thanks



It's Enugu

Do not give him that cheque for 10m. I repeat. Do not give him that cheque for 10m. Do Bond instead of TBs. Bonds pay interest at intervals. That interest at intervals will then be used to settle the school fees every term.

I commend you for wanting to train the child. You can even make it in such a way that when he child finally graduates, if he wants to startup a business, you can give him the 10m as capital.

Btw, iam based in Lagos and not in Enugu. So will not know about schools there. Maybe you should google the Catholic diocese in Enugu and check their websites. Most likely they will have nursery and primary schools and you can tell your brother to take the child to one of them. He cannot connive with such schools.

emmanuelewumi:
If I may ask what happened to your brother, that you want to be fully responsible for the education of his child?

What happens if he decides to have the second, third, fourth and fifth child?

The most important thing is to make sure you have a system and structure in place that will ensure the sustainability of the help you want to render to brother's child(ren) till they finish their University education. You should know that this is something you will do for the next 18 to 20 years.

I want you to carry out a personal investigation to determine the average school fees for Nursery classes in that part of the country. I have been a victim whereby a relative, I assisted with her child school fees was collecting three times of the school fees from me. This continued for 2 years before the truth came out. The relative connived with the management of the school, by giving me inflated school fees bill.

Just imagine and iam sure this person will be complaining that we have bad and corrupt leaders. Imagine if such a person now gets to power at LGA, State or Federal level.

Philantropists:
Guys i have a question, I want to offer scholarship to my brother's child, he just informed me the nursery school fees per semester is N300,000 i.e. N900,000 per year for a 3 year old child.

Question 1; i'm not current with the school fees for nursery pupils, do nursery school school children pay this much for good quality schools in the eastern part of Nigeria.

Question 2; Can i invest N10 million in Treasury bills on behalf of the child and they can use the interest payments to pay the child's school fees or rather go for bonds.

Ask him for the name of the school. Then google it and get their contact. I doubt a school charging that high will not have a website or a contact. Then send a mail to them to inquire of their fees. Do not give your surname to them as they can easily use that to match to your brother's surname.

tolajay:
By Q4, FG will need over N1trillion from you money.

So, get ready!

https://www.thenewsguru.com/news/nigeria-news/article/fg-borrow-n1-003trn-t-bills-investors-q419/

Iam already warming up as my two TBs will mature on September 12 and September 19.

zaynie:
Hi everyone!
I'm back in the 3 to 4yo classroom and I'm super excited to start the school year.
If I can, I'll try to drop our weekly schedule here every Sunday.
*if I can*
[b]I hope you guys are getting hyped for the school year too! [/b]School fees, bags, lunch bags, uniforms, socks, shoes, books, snacks!!!!!!
Give yourself a pat on the back, you dey try!!!!!

Yes o. My kids in secondary school boarding want to bankrupt me before they go back. Shuooo. The consumption no be here o.

ify2016:
Which mutual fund is better for my monthly savings of 20k. ARM or IBTC? Or is there any financial institution called Mutual Fund for saving my money monthly? Very urgent please. Thanks

Money Market Fund(MMF) will be better for you instead of the generic Mutual fund. Read more of this on this thread below:

https://www.nairaland.com/1912965/mutual-funds

Ikpeazukerosene:
Don't worry my brother, let me help you.

Check pages 53 to 481, then check pages 515 to page 727. The answers are there.

What are friends for?

Chai. Na people like you dey ask for extra sheet 30 minutes into an exam when some people still dey read the instructions and the questions to the extent that you go dey quote the textbook page when answering the exam question.

osigiepurr:
Top greetings of the day to all the gurus in the house.

I am new to Tbills. I have 500k that has been lying helplessly in my current bank account for several months. I suddenly stumbled on this intellectual thread which i found very useful to investing my hard-earned money.

Someone introduced me to I-invest app where i can invest on Tbills. Please, i need candid advice from the experienced guys here on how to go about it. I want to also know if the App is truly safe to invest on Tbills. Lastly, what are the pros and cons of using the I-invest App. I am a little bit confused about the whole thing.

Or, would it be nice to walk into my bank and invest directly with my bank instead of the I-invest App?

Please, i am a novice to Tbills. Dont be angry with my numerous questions....i just want to be sure where and how to invest my 500k.....

I will sincerely appreciate your response.

A discussion on I-invest app on this thread is normally very heated and tends to derail and polarize the thread. So i will advise that you paste I-invest app on the search option of this thread and read what has been said about it and then draw your conclusion.

wisedollyp:
Abeg o. I need suggestions urgently...

Do you like catholic schools?.

drdrei09:
If I put 2 million in treasury bill, what's the least amount I'm likely to get as interesting, please?

Calculating the least amount you will get requires three information from you. These are Principal, Tenor and Rate. You have only provided Principal.

Na only 'winch' fit know the Tenor and Rate wen dey your mind. I no be 'winch'.

mimini:
Thank you. is it possible that after investing this month, I can invest another month in same bank before the first investment matures?

You can even invest the day after or the day after after or the day after after after or the day after ......

Hallenjay:
I've 100k for Start now... Do they accept dat and opening a new account for dt purpose, hope there's no conditions dt I'll av. To wait for certain year or months

Do not know Stanbic minimum amount for TB. I have always done above 100k. You need to first of all open an accoint with them before you can do TB. You can open a Savings account. The minimum amount for that should be 1k or 5k. You can also send a mail to their customer care for detailed information. They respond very fast to enquiries. Check their website for the customer care email.

Hallenjay:
pls which bank is better in term of interest and dat have a minimum of 100k for a start in TB... I've tried fixed deposit many times wit fcmb I gat got nothing. Like 0.5% or less something I can't relate with.
Kindly help... Someone suggest First bank I don't know if there's another else cos I don't like dem

I use Stanbic and so far i have been fine with their primary market rate. Never done secondary market.

Buffalo2:
Probably cos there are lots of Gurus in that school but if he can find his way out of the school's qualifiers, definitely he'll be back on our TV screens.

In a school of maths gurus, qualifying out of the school is another tough competition. It is as tough as the competition they are going for.

kaylieeb:
Goodmrn house...I did at Access yesterday for a tenor of 200 and something days
Invested 250k but 235 was deducted minus other charges and the woman gave me 10. Something percent .....pls how do I calculate help me out

I = ( P * R * T ) / 365*100 = 250,000 * 10 * 200 / 36500 = 500000000/36500 = 13,698.63

P = Principal

R = Rate

T = Tenor

I = Interest

Discounted Amount (DA) = P - I = 250,000 - 13,698.63 = 236,301.37 (excluding charges)

bamirotola:
Sir, small play! I apologize if I was petty with my response! Was just catching fun! Wow! You just burst my bubbles with these profiles.. I celebrate you greatly... I studied animal science from a reputable federal institution, and served with the ministry of Agriculture osun state and has worked with 3 firms in different capacity for 5 years from ranging from medical sales rep to procurement officer and logistic supervisor and currently in need of new work space sir, should you have any vacancy or link, I should be the one to consider, I would definitely be of great addition to any firm lucky to have me! My CV Is available on request sir!!

Best Regards
Adetola

No wahala.

Was just trying to correct the impression you have about people up North. Every region has brilliant people. I schooled with people from all over the country. When ministerial list came out, some people sneered at some of the nominees without checking the profiles of some of them. When i pointed out Dr Isa Pantami, DG NITDA (B.Sc, M.Sc, Phd Computer Science (ABU)) to them, their mouths were opened.

If you studied Animal Science, then make you begin head to Akwa Ibom now. The state has imported 2000 cattle to kickstart its ranching programme. Your expertise will be needed there.

naturalwaves:
Lol. You schooled in Warri??

Warri no dey carry last.

naturalwaves:
Yes, There is a serious brain drain in India as well. Ever heard of IIT, India? That is where all the geniuses in India go to. It will be easier for a needle to pass through the eye of a camel than to gain admission there. Now, when most people finish there, they get snapped up by American companies paricularly the IT Companies and the big players(Google, Microsoft etc).Those guys remain in American and barely contribute to India. America is an expert at taking talents

The academic competition in India is tough. For you to get admission into competitive courses like Medicine, Electronics and Communications Engineering(ECE), Computer Science and Commerce in certain universities, you need to score 100% in their equivalent of our Jamb.

dalexy101037:
Natural wave and nL 1960.. I appreciate you guys for explaining. O really thought those kids are performing magic every time. Now I understand is hard-work, dedication. Human brain can do anything in as much the owner of the brain is willing to embrace the process

My son's school has started preparing him and his group for the senior edition since last year September. He will be in SS2 by September. He did the junior category last year but did not make the finals. There was no holiday for him last year as he was kept in school for preparation. His school was entering for the first time. So it was a learning curve for them.

bamirotola:
He may be the local champion in your school!

You are very funny. You think i attended a local secondary school?. In my set of about 150 students, we currently have about 30 Medical Doctors of which about 5 are Professors not only in Nigeria but abroad. This is not to mention the large number of Engineers and Computer scientists. In my days, we did Additional Mathematics that had the terrifying red textbook by Godman and Talbert and not Further Mathematics.

Just to give you a hint of the school for you to know if it was a local school and therefore if the person was a local champion, the immediate past governor of Lagos state was my senior in secondary school.

dalexy101037:
Pls, I still don't understand something about this cowbellpedia. This kids answer this mathematics question few seconds after the quizmaster or anchor read out the question. My question is, have they seen or worked out the question before? If my observation is right, this kids answer it just seeing the question on the screen, few or rare occasion takes time to work it out. If my observation is right, then give me some minute to cry and give myself some heavy knocks on my head. Olodo ni mi mhen.

The students put in a lot of hard work of solving past questions and with their teachers, looking at several variations of the same question. When such a variation comes out, the students already have an idea. There is a pattern and strategy to solving mathematical questions. These top schools start preparing their students at least 18 months before the competition meaning, for Junior category, preparations starts in JSS2 and for Senior category, preparation starts in SS1.

realestniggah:
It not about personal brilliance it more about the level and standard of education they have received since the day they were born. Did you see the names of those schools.. Those are reputable school.. You hardly find children from government schools in these competitions. If you want your child to be brilliant lay the proper foundation for them

Meanwhile some people will come to Nairaland and be saying the parents of the children in those schools are wasting their money or trying to show off.

bamirotola:
You no ft see aboki for D's kind tin

Do not overate an aboki o. When you meet the intelligent ones, they are genius to the core. It was an aboki in my secondary school that first made us believe that you can get 100 in JAMB maths as he got it in his set. So every maths guy in every set was now targeting 100 in Jamb maths since somebody has proven that it is possible. One aboki in my set then, if his classmates in his class want to beat him to the first position, they tactically force him to read for 45 minutes during prep when preparing for exams. Na just 20-30 minutes the guy dey read during prep and he go scatter the exam.

naturalwaves:
Lolz.i see it as using 1 stone to kill 2 birds. They stand more diversified option as an Engineer and will also be buried in maths as well. Being a pure maths specialist limits the options. I love maths but I did computer science. In my school at that time, more than half of the computer guys were far better than those in Maths department. I feel they stand a better chance with their options.

Myself and my friend in Computer Science in the university were always collecting As in the electives we normally take in Mathematics department to the extent that the guys in the department started telling us to tell them the secret we were using to collect As from their department. Once semester resume and they see us in their course class, dem go begin frown.

muykem:
I mean money spent on JAMB form.

How much is JAMB form that you are so worried about?.

You can send him to a private university then so as not to waste the JAMB form money. They are now all over the place and they will gladly take such a child prodigy.

BananaTree:
It doesn't guarantee admission just as your son's jamb and O/level doesn't guarantee it either. However, if you some is as good as his results are, he'd get it for competitive courses. Medicine is the most competitive. 16 point or nothing.

I was wondering because i see Jupeb as former 'A' levels programme during the era of 5 years in secondary and for you to enter 200L for some of the most competitive courses, you need to score a high point. The grading for 'A' levels then was A, B, C, D, E, F with A as 5 points, B as 4 points, C as 3 points, D as 2 points, E as 1 point and F as 0 point. A result of AAA(15 points) or AAB(14 points) or ABB(13 points) most times guarantees entry into any of the most competitive courses.

muykem:
My son scored 260 in JAMB and cleared his SSCE with 6 As but i was surprised when they told me that minimum acceptable age in LASU is 16years. Please what can i do for him not to waste one year and money already spent.

Last year, a student cleared JAMB and WAEC to go to Unilag but Unilag refused because the boy was 15 years old. Iam sure you read that as it was all over the internet. Even the VC came out to say that it is only the Senate of the University that can grant a waiver as he does not have the power to grant the waiver.

Btw, what exactly do you mean by "and money already spent"?. I do not want to make assumptions.