₦airaland Forum

Kirchhoff01:
make una no vex... a summing I have 2M I want to invest in TBills and the rate is 10.5% for 91days... abeg how e go be... wetin be my interest. I was told interest=principal*time(tenure)*rate/365 but the stuff dey give me vague values. Help me guys

Centrix:
Not necessarily. [b]Corona was one of the first few exam centers for Loyola exams in the 90s. [/b]They've been doing this for so long. But Corona Pry school standards are still better than most big name pry schools in Lag for sure.

Centrix:
Well that was corona of the 80s probably but more students get into loyola from corona than any other school. Chrisland and Montesorri Int School Ph are also worth mentioning. Corona standards (including the sec school) is deft much higher than it used to be. 10 corona students had over 300 in JAMB 2 years ago. Expensive yes, but relatively good. Olashore and Day Waterman do not have competitive entrance exams like that. Any child with average learning abilities can get in. I'd say corona sec school entrance exams are way more competitive than those two

drafrican:
Thank you,i actually attended corona pry sch but to be honest am not impressed with the kids of family friends that attend the sch,for mothers its a status symbol and most of them cant get into sec sch like loyola,olashore,day waterman,oritamefa baptist they all end up in corona where they fail ,waec pass gce cant pass jamb n end up in uk or cyprus ,the standard has dropped you pay all that and still need lesson teachers

While in corona in pry 4 i scored 480 in common enterance in pry 5 i scored 565
My sibling had 7 As in ssce but now corona is a mess,it all about cash and the closest to me is gbagada.

zamirikpo:
Wait ooh, so from what u are saying, that means we should be buying fuel at N230/litre presently. The govt is subsidizing the difference abi.

Ok.....give this ogharra boys that same CRUDE oil , they will provide PMS at N100/l , this Niger delta boys are doing it wella. And mind u a barrel of crude =160litres = 42us gallons.

The science of crude processing is simple.

ahiboilandgas:
there no need for scarcity 50 m litres

Donvalentino55:
Good day Nairalanders. I have a baby that'll soon be up to school age and am planning on opening a kiddies account for her. So am soliciting the kind opinions of fellow parents who have more experience in this regard. Please which Nigerian bank operates the best kiddies account?

If possible state the reasons why so as to properly drive home your points. Your kind response will be greatly appreciated. Thanks.

dfrost:
The best bank for kid savings? My answer: Land savings. Don't keep money in the bank. Buy land wherever you see it. No matter how ridiculous the price is, buy it. Plant cashew on the land. In 3 years, start harvesting it. Simple. That's the best security for your kids.

Bank ko, bank ni. Same bank that will not give you loan as an individual because you don't know anybody except you bring your great-grandfather's birth certificate.

My 2 kobo suggestion.

DavidEsq:
Oga abeg explain dis interest thing. U dey borrow ur own money? Explain abeg. I am very much interested in this one.

donshady:
Look at this ladies running Tbills. So amazing. Bravo

Agbeni33:
please i need explanation on this issue.

I went to stanbic bank last week(12 /02/2019) for last week auction. i filled the form and it was submitted. the lady said are should come back on the 13th which is the real day for the auction to know the rate at which the TB will be bought.when i got there she told me that she bought the TB from the primary market that i will receive email and debit alert message. since then i didn't see any email message nor debit alert. to my greatest surprise someone else paid money into my account and i discovered that the money i recommended for the TB as been deducted without debit message and email message. my question is, does that mean that my bid as been successful? if yes, why is there no any evidence? the lady attended to me said are should be expecting message since last week. please what is the solution?

kings11ng:
wow somebody is doing TB of 20million and am here doing 400k... dairis god oooh

Adiwana:
Me was thinking about moving to GT bank this morning cause losing 40k under 24 hours is not something I would like to experience.Seems at that rate it was a very good bargain

Agbaletu:
Apply this formula:


I = PRT/100

Where;
I = Interest (Upfront interest)
P = Principal (The amount you are investing)
R = Discount Rate (%)
T = Time (Tenor)

Agbaletu:
It does not work like that my brother. If it were to be so, I won't be locking over 20m for 364 days. The 10% is for one year and not just for 91 days.

DrTee1:
Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

Babs612000:
Please how much is per sq m.

Babs612000:
Please how much is per sq m.

mufutau55:
I am looking for different design pics of interlocking paving stones. Thanks.

Hajji M.

diordaves:
In anything you do, value added is always more profitable. Just selling the land is just a premitive state. You add value by erecting a structure. Just exporting Cocoa produce is premitive and far less profitable than adding value into chocolate bar.

So how do you calculate the 'profit' of a building the way you asked? Do you need 30 years to get your money back? Certainly not.

When you calculate in such respect, you use the principle of amotisation, depreciation and residual value. But let's not go into all that.

Let's use a practical example. If you gave your contractor 40m to erect a structure for you, immediately your keys are handed to you, that structure is worth well over 40 million on completion. Fact.

So let's say for argument sake, on completion the building is now worth 80 million. Let's say it took you three years to complete.

So you calculate by dividing 80million by 3 years. So your building is 'making' over 26 million a year. So your break even point is under 2 years. This is the point you get your money back.

If on completion, your property starts losing value, then it may take 30 years to get your money back or not at all.

So the rent you generate, is just an extra income and there is a calculation for that as well to know if you are making profit. You use the Return On Investment (ROI) calculus.

Abdomox:
I am sorry to say, this analysis is wrong. When we talk about pay back period in Finance, we don't use the initial investment cost to analyze the way you did. The only amount you use is the salvage value of the property (for properties we've always agreed that the salvage value will be more than initial cost due to Land appreciation).

For instance, if you build a property of N40m today, and have an investment horizon of 5 years....all you need is Cash flow for all the 5 years.

Let's assume you rent out the property for 2m p.a, and assume the property will worth 60m after 5 years. The cashflows will be as follow:

Yr 0- Initial investment- 40m
Yr 1- Rent- 2m
Yr 2- Rent- 2m
Yr 3- Rent- 2m
Yr 4- Rent- 2m
Yr - Rent & Salvage Value- 62m

After setting this out, you will discount all these at prevailing discount rate (let's leave this).

In short, you don't breakeven based on appreciation of property yet to be disposed except rental income covers the initial cost. Note that the future rental income need to be discounted because one dollar of today is not of same value as tomorrow.

Nnamz:
When I first heard about tbills, I didn't come here asking stupid questions. I first of all researched about it, then found this thread and read extensively on it; I am talking of months of reading up on tbills befor making my first investment. So while the adage is right that person wey ask questions no go miss road, let those questions not be "what's the difference between primary and secondary market". I wanna blow my brains out when I see such questions, and I wouldn't be surprised at the number of people that have left this thread cause of such questions. Soon, I'm gonna join the que and leave this thread cause of such repetitions here.

234ng44uk:
Which bank was that please? Freeman67 did it successfully at First and Stanbic.

Mizwisdom:
They say when many people complain about you, start checking yourself. If all her siblings gang up against her it's either jealousy or attitude. From what she has written so far I've been able to draw a conclusion that it's attitude. She can't hide it, it's now part of her and it shows as she responds to people here. I can imagine how it will be if we met face to face. I wish her well though, I hope she can change but if not, I hope they tolerate her

debbycreamy:
Eeeyaaa, is like u are not reading what i wrote u just jump into conclusions.

Anyway, since the issue was conflicting here, i met with my pastor, he explained its just envy and distraction so i should forgive them. I have forgiven them but haven't called all yet. Thanks

Garlay:
What's MMF?

crystalzoe:
Well done mama
Pls my son will be two in march and his sch asked to move him from daycare to prenursery this jan. I'm of the opinion that sept is best for him when he'll be 30mths old. They moved two other children who are in the same age range and now I feel like I didn't decide properly

OgogoroFreak:
people where optimistic with MMM. Where did they run to?

Remember that Sterling Bank was not mentioned in anywhere in that app. They are PARTHIAN PARTNERS LIMITED!

They seem legit in every way though... Well, we will keep using the banking hall to invest in tbills while we keep an eye on those using I-Invest app.

dammy222:
Investing in Treasury bills is so sweet that one gets so addicted to it

NL1960:
It is like Bet9ja.

ahiboilandgas:
u are missing the point there ,I was address where u mention tb investment is like nijiabet which is wrong ....this an investment while that a gamble ....real investor don't see tb bond as gamble or some luck cos they undergo stress to mass the capital to invest and in capitalism they deserve some return..while Nijiabet folks are bunch of very greedy people wanting a short cut to wealth with little energy and investment with 99 percent loss rate ...2 most ibo traders have a better return more than dangote and otedola ...what dangote have is huge capacity and investment to big for sme ....dangote 800 bn cement sales returned around 70 bn as net profit with investment of 500 bn naira that around 12 percent per anum ..while must alaba trader return 80 percent on spare part mean if the ibo spare part trader has a capital of 10m in Jan 2019 by Dec it will be 18 m while dangote 10m will be 12 ....it hard to comprehend cos is investment analysis

ahiboilandgas:
really how ?u don't work for the capital invested or what ,the real return it very low compare to a successful bussiness ...go to market and ask all those ibo trader if they will put 1 million naira to earn 14 k monthly they go swear for u....tb is just like savings ,battle against inflation and devalution and for persons working or don't have time for bussiness or don't want any headache

dammy222:
Investing in Treasury bills is so sweet that one gets so addicted to it

JoannaSedley:
If I am your siblings we would've beaten you to a pulp including your husband. What arrogance.... Phew!! Those girls.... You deserved to be ostracized by your family....I mean written off.
No wonder your mother called a family meeting....

debbycreamy:
Brother no vex oh, so if someday lie against ur wife and insult her ontop knowing well that ur wife senior this person, u will not react at all....

tritritri:
I get ur point. But money matter for family no pass Bro/sis at this point i no get...highest dey will ignor u and case settled.

Hatred / Grudges / badmouthing happens in some families. The best way is to apologise even if ur not at fault and go ur way or mind your biz. case settled.

But trust most Nigerian women and dere bla bla bla bla when dey r angry.

for a man to tell a married woman dat he will slap her..some of those women mouth deserve slap if u truelly hear what comes out of dere mouth.

Am not taking side.. But am aware of issues like this .