₦airaland Forum

ahiboilandgas:
Lagos is not the only place in Nigeria other state are available

I know. So mention the place and the type of house. The information you gave was not complete. You also did not mention how much was used for maintenance of the house and if there were no problematic tenants as the house being in Nigeria, i doubt the tenant or all the tenants were well behaved for that period.

ahiboilandgas:
My friend built a house for 5.5 m naira in 2007 sold it for 27 million naira today having earn 5m as rent for the house over 10 year period 27+5 =33m ......if that money was in treasury bill it will be around 22.5 million hence extra 10 m was made ....this is a life experience oooh ..guys i think we should expand our portfolios even if he converted the fund to dollar 45000 dollar 10 year ago to buy dollar bond it will now be 81000 dollar at 6 percent which will be 29,0000000 million...

Have you seen the high number of houses for sale dotting every nook and cranny of Lagos?.

Btw, where is that house located?. It is not enough to just give us how much he sold it. The location and type of house is also needed.

Extremism:
Annually, the National Examinations Council, NECO, conducts National Common Entrance Examination for admission into Junior Secondary School (JSS 1) of Federal Government Unity Colleges throughout the country and other interested foreign countries. In 2018 this year, about 80,000 students enrolled for the examination. My question is, is it compulsory for those who do not intend seeking admission into Federal Government Colleges to write the Common Entrance Examination? The reason I am asking is that I intend enrolling my son in a Private Secondary School next year and to me, it would be unnecessary for him to write the Common Entrance Examination since he won't be seeking admission into any of the Federal Government Colleges in Nigeria. The reason I am asking is that from my childhood days, I always felt Common Entrance was compulsory for all Primary School students until I recently logged into the NECO website and found the information quoted below:

"The National Common Entrance Examination for admission into Junior Secondary School (JSS 1) of Federal Government Unity Colleges for 2018 will be held throughout the country and other interested foreign countries.

Only Final year pupils of Primary Schools are eligible for the exams."

Taking into consideration the emboldened portion of the quote above, it seems clear to me that my son will have no business writing the Common Entrance Examination but I may be wrong. I will like to hear divergent views on this backed by necessary facts and information from relevant government agencies or laws.

The National Common Entrance examination is only for those that want to send their kids to any of the 104 Federal Government Unity secondary schools. If you want to send your kid to a private secondary school or any of the missionary secondary schools, you do not need it.

Donbrig:
Many were really successful in yesterday's auction.. Great. The money I intend to invest in this week's treasury bills was paid into my account today, too late. Does anybody know if there will still be another primary auction next week? Sometimes, CBN do auction treasury bills immediately after previous week due to over subscription.

GTB 364days had better succeed o because i have a TB with them maturing on August 30 and i intend to immediately do a secondary market. If their 364 days is successfully, i assume that the likelihood of getting a secondary market tenor above 300 days will be high.

Smartini:
Which Apapa are they talking about? No be the same papa wey I dey pass almost everyday? Heavy duty Liars setting unrealistic deadlines... And the ignorant ones are there hailing them. Talk true... Una no know that road

ogunsj:
if you know the said road well, can you tell us the extent of work done so far? you people enemy of progress come on nairaland to mislead people mischievously. that road is 90% or more completed. they are already joining the road to the marine bridge head , while some are rounding up the eleganza end. maybe you only see barracks portion and you are thinking they are only working there imagining when they will ever get to whalf. those guys are doing solid work there.

No mind the guy. He thinks it is the Apapa-Oshodi expressway portion from Tin-Can through Coconut through Mile 2 through Oshodi that the NPA MD is talking about. I doubt he knows where Wharf road is in Apapa. I like the methodical way they have been going about it which still makes traffic to move despite the challenges. Iam sure they might have completed and opened it this August ending if not for the bridge being repaired by JB through the ministry of works.

nifeseun:
Thank God I had to read this, have been battling with the though for a week now. Hubby and I was thinking of enrolling our 1yr 7 month son in school, probably kindergarten or pre school, am a biz woman so staying with my son is not a problem, but my mum came n she said we should wait till he is 2 yrs when he can talk well n I can teach him small things at home, though av been trying but the lil man doesn't take me serious, he just says A,B n won't ans again or sys 1,2 den jump to 8,9. I think my mum is right, she is an educationists, guess am rushing him too much cos pple around av started asking y I won't let him go to school n join his mate that he is too clinging .

When my wife started telling me that people have started asking her why our son was still not in school, i asked her if the boy is their child and that for all i care, they can decide to send their one month old baby to school and that if the boy is not 3 years old, no school for him. He started Nursery 1 at 3 years. He will be in SS1 by September while those he is senior to that their parents sent to school before him that made my wife to be pressuring me are going to JSS 3.

ikorodureporta:
any/both

I may be biased sha being a catholic.

For all girls, you can take a look at Holy Child College, SW, Ikoyi(Day and Boarding), Marywood, Ebutte Metta(full boarding), Bethlehem Girls College, Abule-Ado(full boarding). For mixed(boys and girls), you can take a look at EHJ, Ibowon Epe, Mater Ecclesiae, Epe, St Francis catholic secondary school, Idimu.

For non missionary, you can take a look at Atlantic Hall(boys and girls, full boarding).

Btw, i have a daughter in Holy Child College, SW Ikoyi.

Admission for 2018/2019 session has been concluded in most of these schools as competition for space is high.

ikorodureporta:
Pls, I need yr recommendation

Missionary school or non missionary school?.

mufutau55:
Wel done brother. I am glad I didnt miss this project.
This is a real money gulping project, but will be worth it when it's finished.
Keep up the good work and carry us along with more pictures o. Thank you.

Hajji M.

Make i follow my Oga Hajji perch for here to see this project.

1stNumeroUno:
Hi Experts/Pros, I've been reading from page one and I need to confirm if what I'm assimilating is correct.

Let say I've TB offer of 10% for 91days tenure from my bank (secondary market) and I'm doing N1m. Does it implies that I'll pay 900k at inception and I'll be given N1m TB certificate. At maturity (after 91days) I'll collect my 900k and go home with N20,250 as interest?

awesomeJ:
Good thing you know your interest wouldn't be 100k.

It would be 25,000 ( I don't know how you got 20,250 though)

So at inception, this 25,000 is discounted from the face value of your investment.
I.e 975k is debited.

On maturity, you'd get 1m credited to your account.

I = PTR/36400 = (1,000,000 * 91 * 10) / 36400 = 25,000

.

zamirikpo:
in essence my broda should we have any hope of getting to 12% any time soon.

awesomeJ:
Yes sir. Before end, Q3.

That will be good as my two TBs are maturing end of August and mid September.

Chekitaut:
Hajji start page 1000, i end it, am dancing shaku shaku...

Na me come move am to page 1001.

I must join page 1000 by fire by force.

Edit: Chai, i miss am.

gbadexy:
let me usher the page into 1000

Make i move am to page 1000 then.

Qc1:
Oh! I'm sorry ooo...! I thought that was just another 419ers from Las gidi. I usually don't give them audience. Moreover, I wasn't in the mood to dash money out to any nairalanders anymore. To be honest with you, I didn't even read a word of your email before I replied. Once again, my sincere apology.

Oga Qc1, longest time. How far with your project?.

anitank:
Just left first bank. Got 364 days @ 11%.

Ifelove1:
You mean secondary market?

anitank:
Yes secondary market

How is that possible?. 364 days in secondary market when the highest tenor in NTB primary market is 364. Did the bank or individual buy from primary market and sold that same day to you?.

TONY56:
Very unlike Stambic, my matured NTB-the very first transaction for this year 2018 has dropped into my account as 13:37pm.
Stambic used to credit accounts on or before 12noon.

Has anyone been credited today?

Shuoooo. Oga, were you wanting to earn interest on the money per minute basis?. . There is no much difference between 12noon and 13:37pm now. Moreover, it could be the network that delayed the sms alert message.

Zahn02:
thanks ma

Iam a man o.

Anyway, just relax. Many women panic a lot these days about their kids learning and always want to rush the child.

Zahn02:
Hello mama Zaynie, have been a silent reader of your diary. Please ma, my son hate anything about school, he doesn't like reading at all. To teach him pencil grip na war. He will just be crying. How can I help him? He is just 2yrs

My son who is now 12 years old first step his feet into a school at 3 years old. He entered nursery 1 at that age. He did not do pre-nursery. Children are different. So give the young man time.

MumJJJ:
No, he still has nursery 2 and 3 to complete before primary 1.

You should relax then. The young man is just enjoying his baby years. I believe there are kids that catch up late. Nursery school is basically for play.

MumJJJ:
He is 3years and 8 months, that's, he will be 4 years by October. He's in nursery 1.

This means that he will be in Primary 1 in September when he is 4 years old. Is 4 years old not too young to be in primary 1?. Could this early schooling be the reason as it might be that he did not play enough.

zamirikpo:
Ok....guyz I was deep in thoughts today but would like to get ur thoughts on the real effect of inflation on the naira.
In the spirit of locking up funds for 20yrs in TB and hoping to profit from compounding interest what would be the real value of the naira in the same period. 10yrs back I could buy a bag of rice for 8 - 10k so when I see even 1m in my account I know it's a lot of money. Today I need 20k or more to buy the same bag of rice.

So my question is how much value would my compounded interest have after 20yrs......it would be very funny to buy a bag of rice for 150k in 2038.

How does this inflation thing really work over time.

Iam really confused on the workings of this compounding interest on TB. Interest on TB is paid upfront. So how does compounding come in?.

Jarchi:
Buy my popcorn make i help you give the okada man change.

Give okada man change ke?. When i see say na Oga Spyder dey for site, i just dash the okada man the change.

mufutau55:
I like the bedroom colors, they are cool and lovely.

Hajji M.

That sitting room colour just dey hungry me to repaint my sitting room with am even though the one there still be like say na yesterday dem paint am.

Okada, drop me for here. I don see something.

awesomeJ:
This one even has piechart and yearly breakdown. Awesome!

But I tried editing the figures, the result isn't changing.

You can also click the 'Calculate' button after inputting them.

zamirikpo:
Awesome calculation and a very sound review. First I don't know about most of the guyz here but in 20yrs driving a lambo with probably my walking stick may not interest me, Savings and compounding interest maybe a sure thing but too slow for my liking, and like u mentioned devaluation of the naira and other unforseen events could affect expected returns.

What we should concentrate on ,is on the best strategy to save and compound interest,at whatever initial capital we can afford and see where it takes us. And also explore other ideas in real estate and other possible investments that may churn out money faster.

@awesomej I am very bad with calculations but how much would I save in 20yrs if I have an initial capital of 10m today with a monthly savings of 300k. @ a minimum interest rate of 11% in TB.

rationalmind:
Around 325m. With 18% rate, you'll have 851m.

Apparently, with compound interest, every little difference in rate matters. We have to hope rates return and remain around 18 levels.

Use this link below for calculation.

http://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprinciplev=10000000&cyearsv=20&cinterestratev=11&ccontributeamountv=300000&ciadditionat1=monthly&printit=0&x=69&y=20

ahiboilandgas:
pls check ur calculation again even at that it will not about to 1 bn

It will. I have a financial application written by us that i use and also compare with google.

I do not know if i can post the link to the google search i use here as i do not know if it will earn a ban.

GODAKPAN:
Average of 25m annually but with time you save up-to 100m and even 300m depending on your capital

This is doable but how many people dey earn 25m annually?.

ahiboilandgas:
why fear is possible it might take 34 -40 years if u invest around 50 m today at 15 for 35 years....but how many people get 35 m from salary saving ??

I just did a simulation as follows:

Beginning Amount - 0.00

Rate(%) - 15%

Term - 20 years

Deposit Frequency - Monthly

Ending Amount - 1,000,000,000.00 (N1B)

Amount Deposit at every month - unknown

The calculation gave me a monthly deposit of about 670k which is about 8.0m yearly.

How many people earn 8m yearly?.

ahiboilandgas:
not possible cos even if you compound 35 m yearly for 20 years this will amount to 532 m by 2039 ....

Fear catch me o.