₦airaland Forum

ndidibabe:
Nigerians and show off. You are probably trying to show off your brother's good result because there is no reasonable reason for you to think this result might not be good enough to be admitted to study pharmarcy.

HIScraziness:
The way Nigerians reason can be funny tho. We all know there are students with far better results, so there's no showing off here.

It is not a matter of the way Nigerians reasons. It is a matter of the way you reason. I support what @ndidibabe said. Did you check the requirements for studying Pharmacy in any University before rushing to post your brother's result here?. There is what is called JAMB brochure where all universities have their requirements for every course. Anybody that has five(5) credits including English and Maths along with the relevant three(3) subjects combination can study the particular course. Your younger brother has Bs and Cs in Maths, English, Physics, Chemistry and Biology and you are here asking if he can study Pharmacy with the result. When he was choosing science in secondary school, what did you guys have in mind that he was going to read?. Is it any of the art courses?. I want to believe that you also attended a higher institution. If you had asked if he can study Law, iam sure people will not say that you want to show off.

erico2k2:
Well done ohh Oga, dey rake there u supply 250 plank yu dey beat chest people that supplied N5m worth of building materials are cooling in one cell awaiting trial .
Anyway you are lucky u are dealing with a gentleman . Some people for don put u 4 container for Koko junction by then U 4 kno say E Don red.

People too gentle for Lagos and that is why it continues. This is why i like Waffy, No time to waste. If you say you wan prove smart by being fraudulent, be ready to end up in either koko junction or ugberikoko.

cokiek:
Why are bank staffs selfish with TB information.For months now, FBN Asaba ve turned me into volleyball. Forcing me to do fixed against my wish. I really wanna do TB. Dnt know what else to do; no one is willing to help. Confused much. My money has just been wasting away in acct. What to do?

Is it only FBN that is in Asaba?. Why not go to other banks in Asaba to get TB information?. Abi, dem tie you with rope for that FBN in Asaba?. .

Emyres:
I was in a Secondary School this morning, and the experience I got there, is nothing to write about.
They are taking Mathematics today but the atmosphere is as if nothing is happening.

The "I don't care" altitude exhibited by the students showed that our education system needs help.

Instead of revising their books, they were busy checking their phones for leaks and shouting "ogbaa le" (It has come out).

They will carry this same ideology into the university, graduate, serve, and begin to work. After we will be shouting corruption.
That is why we have unproductive educated people.

I then begin to wonder, " Are these people not the future leaders of the nation?"
Is it that they were not taught or they didn't study?

If things continue this way, [/i na one chance we dey!]

No need to break your head. They are just deceiving themselves. When they graduate with doing blocking in the university and start attending job interviews, they will know how far and by then, it will be too late. There are certain courses and jobs that WAEC and university leaks and blocking will easily expose you when you are searching for jobs and doing interviews.

ihedioramma:
Thank's . what of 500,000 by 17% 182 days ?

Shuooooo. This guy, you sabi worry sha. You can substitute the figures into the formula now.

Total Profit = P*T*R / (100 * days in a year)

P = Principal

T = Time/Duration

R = Rate

So:

P = 500,000

T = 182

R = 17

Total Profit = (P*T*R) / (100 * days in a year) = (500,000 * 182 * 17) / (100 * 365) = 1547000000 / 36500 = 42,383.56

ihedioramma:
I dont understand you sir, one annum is it not 91 days ? . what am asking is that the total profit of #500,000 @13% for 91 days ? .

Total Profit = P*T*R / (100 * days in a year)

P = Principal

T = Time/Duration

R = Rate

So:

P = 500,000

T = 91

R = 13

Total Profit = (P*T*R) / (100 * days in a year) = (500,000 * 91 * 13) / (100 * 365) = 591500000 / 36500 = 16,205.48

following

vacanci:
You guys should stop chatting this @alikote guy. All his analysis has put treasury bills at the back of priority. I wonder what he is doing on this thread if he has what is best for him. Imagine him comparing Etisalat default to that of FGN.

Everyone is a learner except him, yet he is on this thread to decimate the number of people doing what is going on well for them. Everything he does, he doesn't compete with people. He is the only business magnate so everything turns to gold. There is no risk in what he does, yet he sells up to 1,800 bags of cement during raining season. In patience Jonathan voice "na only you wake come".

He talks of land in Lekki 20 to 30 years ago. That is simply in relation to his present status. Who says that even 20 years ago, it was that easy to own property there. Na only Lekki dey for map. He doesn't even know that government policy alone has reclaim so many lands even in Abuja. I have a land bought for under 1 million naira 6 years ago. Development yet to catch up up to now. Even to sell at 800k, buyers no dey.

My immediate younger brother gave out 3 Keke napep to someone on high purchase. He invested 1.35M naira. 14 months gone, one story or the other. One of the Keke is now a write off.

But in the world of Alikote, once you invest in transport business, money rolls. No accidented vehicles among the fleets. No fatality on the part of the drivers. Insurance nko, for where. No routine maintenance sef. Just multiply daily income by 365 and you know what will be in your bank by the end of the year. This is because all the passengers queue at his own vehicles. What a perfect world.

Why didn't he buy land in Maitama and Asokoro in the 90s too. For the sake of this argument, he might say the has land in such places just to further give us that perfect picture.

In the name of God, I come against anyone that will derail me from my found love for TB and Bonds which has solved major challenges for me.

There is no one that has a perfect picture of the kinda profit he makes from cement business that will do treasury bills. Who no like bigger money.

Do you think the likes of otedola, dangote and adenuga do treasury bills? What they are into, pays them far more. So what is Alikote doing on this thread when all the perfect business he has pointed gives over 100% of principal when treasury bills gives far less. He is simply acting movies. He is the script writer and every other person is just a learner.


Alikote is living in utopian. simple.

I wonder why he is selling such a low number of 1800 bags in a month when other people are selling 1800 trailers in a month.

Alikote:
Lagos is not the only part in nigeria ...open your mind

So because i want to do for instance cement business on the side instead of TB, i should relocate from Lagos to another part of the country or what?. Iam sure you will say that i should put somebody to manage it and i hope you know that in Nigeria, once you do not supervise and monitor your business, you are doomed.

Alikote:
u still be learner for money market u be yesterday u start tb but for other to learn let me explain i ran a cement distribution outlet in abuja before price went up i normally buy 900 bags @1650 and sold @1800 that a spread of 150 gross at the shop less 50 cost of sale am left with 100 net profit my over head is very low cause there no need for electricity in a cement shop ...i normally sale around 1800 permonth on the average and give me a net profit of 180 k monthly on and investment of 1.45m the 50 naira cost of sale generates 90 k permonth this cover salary of sale boy and shop rent on a good month order for a truck do come in and generate instant 90 k no stories ...so why will i put 1.45m in tb @18 percent per anum while i can get 180 percent per anum ...nb u think dangote ,adeguga,otedola and million of igbo traders dont know about tb

The downsides of trying to do start and do a business in Lagos are the several levies and taxes that you have to pay from Area boys to union to Local government and to state. You start something small, the thing you are being bombarded to come and forcefully join unions/associations where some lazy people that call themselves Chairman, Secretary and whatever will come and be collecting one levy or another. If you fail to comply, you are threatened or frustrated out of the business.

Estharfabian:
just so you know, Removing a tooth is over 20K

flossing is over 30K
Bracers are 150K upwards... just saying.
dentists could make that and more. plus, they're general physicians too.

Shuooooo. That is much. Are the process involved more difficult and complex than the processes that be used to solve the complex equation used in getting your phone that is on your profile?

Alikote:
nope mmm was not and is not business he rather establish a small scale business with the 600 k thank tb that will generate 8500 monthly ..this his tb peak season some year back 364 was like 9 percent .he can open up a barbing salon,provision shop,marwa,etcit will generate more fund u can even insure the marwa @30 k peranum
he he had 6 m in tb he would have got 510,000 for 6 month that when it make sense 85 k monthly

unless he just a student learning several investment instrument

You need to ask people what buying keke marwa and giving it to somebody to drive has done to them. The same with opening a barbing salon, provision shop, buying bus and giving it to a driver etc.

Btw, risk free is investment done with rest of mind. The gains might not be that much but there is peace and rest of mind.

Alikote:
u got 51 k as profit for next 6 months that 8500 monthly but a keke marwa of 600 k can generate 50 k monthly and after 6 months sold for 550 making a total 850 k aginst 650 k in ntb tbill is more sweet with huge capital millions...

Have you ever heard of risk free?. MMM was paying more than this your keke marwa. Don't you think it is better to go for that than keke marwa?

detholar7:
Good morning house, been reading tru all the comments for a month now. Decided to invest 600k on tb for 182 days with stanbic, I got a debit alert of 548k..i don't understand this, please can someone enlighten me..thanks

Some banks use the approach of first debiting you with the face value and then crediting you with the discounted value. Stanbic does not use this approach. They just debit you with the discounted value(Face Value - Interest Amount).

EgunMogaji:
Yes but are you licensed? This is how you guys get ripped off when you're too cheap to hire professionals

So just to carry tape and measure length and width of a room now requires a professional measurer so that you will not be ripped off?. Is the professional measurer using a specialized tape. So if i want to measure my waist to know the size of trouser to buy, do i need to call a professional measurer for it too?.

EgunMogaji:
I can't believe that you're advocating this.

Only licensed measurers should be doing measurements on site

Iam also a professional measurer as i did a lot of mathematics in primary school, secondary school and university.

mufutau55:
I do this for all my activities too.... that is why we are here, to learn. Simple.

Hajji M.

I normally do all these measurements by myself before i embark on any aspect. It is after all these measurements that i invite people to also go and measure and give a quote. That is how i catch those that 'over measure'.

Estharfabian:
first, Dentistry is a branch of medicine.

I'm Speaking On a federal government salary scale, Dentists earn way higher than Pharmacists. even During housemanship.

General dentists make, on average, around 120-180k/month; that's the same average as many primary care specialties in medicine. Dentists work for less hours and still get paid the same as their colleagues. main reason I switched from medicine to dental surgery.

I have Uncles that Are dentists. My Aunt is a maxilofacial Surgeon. she studied Dentistry. I Am also Studying the Course.


Nigeria as a whole has less Dentists, So work Opportunities are Numerous and Not Competitive, Hence It's a sort -after Profession.

Are you studying it in Nigeria?. Are your Uncles and Aunt that studied Dentistry practicing in Nigeria?. No offense with the questions. Just keen to update my knowledge.

just2endowed:
Nice write up.

I wonder why lalasticala or Seun didnt move this thread to front page. Maybe this would have divert our youth attention away from ponzi scheme

MO

No need for front page as we do not want some immature and uninformed kids/youths to derail the brilliant discussions ongoing here.

mavverick:
Fully second this.
I wrote this before, but I went around with my tiler measuring everywhere and put this on Excel, Length / Breath / Unit cost per SQM. This is how I arrived at the total sqm/total cost and also the basis of payment.

Despite most moves, you may still get cheated a little but the goal is to keep it to bare minimum. Also you can validate pop/tiling, there should not be too much differences, also sometimes iregular shaped rooms for example living room, they measure in such a way that they add a lot to it, so what i did is that we measured it in 3 parts, hallway, living room and dining, then add it all up.

Interlocking size = ((Measure plot) - (Size of building + Size of fixed structures such as soakaway/security house /tank stand + chambers ))

I believe the attached excel sheet from my project can guide somebody.

InvertedHammer:
/
I don't understand why adults would want to be spoonfed. You have an area to be covered with tiles. Grab a tape, take measurements and convert. If the conversion seems tedious, go to google, put in the data and get the result.

Is this rocket science?

The guy that gave you the quotation is probably out for blood and you appear to be helpless in the situation. Why make simple things complicated?

Eg: length : 40ft. Width: 18ft.
I put in 40feet x 18ft on google and it gave me 66.89 sq.meters.
A carton of tiles tells how many sq.m or sq.ft it contains. Divide your total Area with the number of sq.m or sq.ft in a carton and bingo!

There you have it.
\

Gbam. Nothing more to add.

When i wanted to do POP for my build, i told the POP guy to go and measure and give me a quote. He went there and came back with 96 sq.meters. I just told my brother to chase him away with a cutlass because i had earlier measured the area by myself for tiles and put it on google and it gave me 76 sq.meters. The other POP guy that went there measured and came back with 74 sq.meters and he got the job and did a wonderful job. Technology and google has helped in most of these things.

jenniferb96:
Hello there ! I'll like to know where a computer science graduate can serve

Where are you posted to, what batch and what area or aspect of computing (programming, DBA, networking, documentation, clients support) are you interested in?.

easyflow:
I was given 16.2% for 108 days. I don't know wether to accept or reject it

ijeshaboy:
are you sure you know what you are saying? Tbills is of 91, 182, 365 days, I place a bid of 182days today at gtb, am waiting to be debited. Cheers.

It must be secondary market and not primary market.

just2endowed:
An this is how GTB to eco transfer prevent me from bidding. I transfer fund since 11am to my eco from GTB through Mobile app and I was suprise it never reflect till now. Got a call from the bank that why did i leave insufficient fund? its pass 4pm. Na waoh for nigerian Banks

Network could be the cause. That is why it is always better to do the transfer 2-3 days before the bid date. That is what i normally do.

Briona:
I'm trying to figure out which one is more promising between pharmacy and dentistry.

Iam a biased person towards Pharmacy because iam a great fan of ladies that are Pharmacists.

ihedioramma:
Thank's . 200000 at 18% for one year will be how much ?

unite4real:
use simple interest calculation.

Interest = (Principal X Rate X Time)/100

ihedioramma:
what i get is #45000

How?

Interest = (Principal X Rate X Time)/100 = (200,000 * 18 * 1)/100 = 3600000 / 100 = N36,000

ihedioramma:
Thank's . 27000 for 91 days at #13.50% ? But savings bond is #6000+ for 91 days?

See this "interest will become N6,750." in unite4real analysis. Interest on NTB of N200,000 for 91 days at 13.5% is N6,750 and not N27,000.

unite4real:
Yes, quarterly means 90/91 days.

For example, if you buy Savings bond worth N200,000.
13.01% of N200,000 is N26,020.

Since you get your interest payments every quarter, you will have to divide N26,020 by 4 which gives you N6,505.

What this means is that you will be getting N6,505 every 3 months (quarterly) for the savings bond.

Since the bond is for 2 years, you will get such payments 8 times in the course or life span of the bond. This is because, you have 4 quarters in a year. so in 2 years, there are 8 quarters.

Total payment interest for the 2 years is N26,020 X 2 or N6,505 X 8 which gives you N52,040

Now,

If you bought the last Treasury bills with N200,000 at 13.5% for 91 day tenor

your interest will be N27,000 divide by 4 since you bought for a quarter of a year.

interest will become N6,750.

This is how the savings bond compares to the 91 day treasury bills

Good analysis but your forgot to factor in or mention the fact that TB is discounted with interest paid upfront which means that for the N200,000 used as example, the actual amount taken from the person is N200,000 - N6,750 = N193,250

unite4real:
the 13.01% is for 2 years Savings Bond. Remember that the coupon payment is quarterly which is like 90/91 days. So the rate will behave like a 90 days treasury bills. As long as the 90 days TB is less than 14%, the savings bond whose payment is quarterly cannot exceed 14%.

Is it the coupon payment that is quarterly or the interest payment?.

dacovajnr:
And she had to show the World she lacks Home training on how to talk to one's parents...Waray! Future Hubby is Observing

Gbam. If she can respond to her parents this way, what will she do to the man that will marry her?.

diordaves:
To bring back the lost glory of Benin Technical College, the old students UK/Europe Chapter of which I'm a member are about to hand over a built 10 rooms toilet facility to the school. The project was executed with N2m. See pix.

Now the footprint of the project is equivalent to a 3 bedroom bungalow. So pump in a further N1m will get one a half decent 3 bedroom bungalow.

Nice one. I was about to take up on what you and the old students have done for the school before i saw this. This is what giving back should be like. My Old students are the ones doing many projects in my alma mater now. It has even gotten to a level that class sets are doing projects now. My class set is presently doing several projects in my alma mater now.

unite4real:
See evidence that the FGN Savings bond cannot command much patronage due to the rate.

Before nko. Why should i tie down my funds at 13.01 for 2 years when i can get TB at close to 17% for one year at secondary market.