₦airaland Forum

Aventures:
pics update as promised, more to come.

please can you post a closer shot of this fence. Iam interested in the block or type of block used. Is the block the normal 5inch or 6inch block.

Team16:
@feelamong. Please I need your help. I sent my bid for 364 days at my rate of 18.39% with Gtbank and my account officer told me that my bid failed at that rate. Please what do you think about this. Stop rate yesterday was 18.449%. He was saying crab about bank having to make profit and all those stuffs. From all I could get is that, GTB bids at a higher rate and sell to its customers at a lower rate in order to make their own profit off your money. So anything higher than their rate won't be submitted because they don't make money off it. Please any Gtbank debit higher than 17.9% should comment. Thanks

This is interesting. I just got a mail from my account officer at GTB giving me details of my 182 days. I went with bank rate. I noticed that the discount rate is 16.7%.

I have been debited by GTB with the discounted amount of my bid. I went with their rate.

Time to switch to the next bid date of March 2, 2017.

AmeLonRo:
For the auction of the 15th, I gave my bank instruction on the 14th and was told they concluded all auction on the 13th. Its first bank. Is that how it goes/works Please?

My account officer told me that i have to submit a written instruction 3 working days before the bid date. To be on the safe side, i submitted 4 working days before the bid day. If you submit at a branch, they will have to collate and send to head office. So, it is always better to submit to your branch very early

Team16:
Any Gtbank debit yet. Thanks

I did with GTB but no debit yet. I have sent a mail to my account officer to know if i was successful but no response yet.

How does a person know if he succeeded in yesterday's action when he did not specify a rate to the bank?. Do the person have to call his/her account officer or wait to see if there is a debit alert on the account.

mufutau55:
Thank you for the detailed story. The OP did not explain this. I just thought thieves cut out the burglary proof.
Thank you.

Hajji M.

Hajji, check my post on this issue. I mentioned that it was a kidnap and that the Police Commissioner even visited the place after to see things for himself.

rotecch77:
Country of origin;China
Class;1st grade
Material; wooden/iron frame
Size;3ft
Price range 65-70k

Thanks

rotecch77:
More

Please give more details of this door like characteristics (wooden, steel), size and price range.

Mascotlawman:
I was at Gtb yesterday to enquire about TB, I was told that they can do 16% to 16.5% . That it depends on CBN rate that they are not the one that set the percentage rate.

I was told to only write an instruction and drop at the customer service and they will forward to my account officer and I should make sure that all the money I want to invest is in the account.

So please I have not done this before, this is my first time. Please what is the FORMAT for writing the instruction? Pls ur help is needed.

On the bold, i asked my account officer at GTB this same question and she said that there was no format for the instruction. So, i just wrote an instruction telling them to debit my account with Bleep amount and used same to invest in 182-day treasury bill of Feb 15, 2017. Note that i did not specify any rate because i want them to use their rate as this is my first time. I then signed and i have drop the instruction with her without hassles.

euromilion:
I expect that behaviour from a typical Nigerian,they're very selfish when it comes to paying for services,they hate parting with their money.

I think all inclusive seems more realistic.

Some of the landlords or caretakers are worse than the tenants. The tenants pay to them, they eat the money and start giving excuses. Iam in a six-flat apartment building. When we entered, light bill, water bill and security guard bill was included in the bill which we all paid and the landlord/caretaker said that he will be paying. He never paid to PHCN nor paid to Water corporation. He was even owing the security guard and he was not concerned because he was not living in the compound. We had to bear the brunt of PHCN, water corporation and security guard. When we were renewing, we insisted on doing it ourselves instead of paying it to him in our rent. That solved all the problems. So, do not be quick to blame the tenants Some of these landlords/care takers are worse than tenants.

amanikondo:
For those that argue that having burglary separately is more secure, see the outcome here.
The burglary was removed.

www.nairaland.com/attachments/4846307_isherinorth1_jpeg62d71bdfa6e1f99640a980e00867b6f0

Even if it was an embedded burglary, this would have still happened. The owner of the house was kidnapped. The Police commissioner visited the place. So, i doubt they came to steal.

felai:
If your Boy is as good as you claim, let him try the common entrance exam for Nigerian Turkish International College... 100% scholarship guaranteed if he comes out top. thank me later

This also applies to Loyola Jesuit, Abuja. The male and female that come out top gets a 100% scholarship.

chukzyfcbb:
this is a very tricky question because one is intended for short term and the other long term investment.
an investment in real estate could produce not just steady cash flow but an increase in value of your capital
. T bills however will only give you cash flow. value remains same.
eg a rented house valued at 20million would give an annual rent of 6-8% . Real estate reports quote 6-8% roi for houses in lagos and abuja so therefore, on the average it means
your house will yield 1.2- 1.6million per annum

However if you take that same 20million and invest it currently in tbills. at a true yield of about 22%
i.e
that is investing all, including the upfront interest
your 20million will give you 4.3 million or more annually

Now despite the fact that you will earn more (cash flow) investing in tbills. You cannot neglect the fact that for real estate , the value of your land which your house sits on rises yearly.
so u not just earn cashflow in real estate, your value of land rises.

so weigh your options bro. are you in for the long term or short term? Can you handle the rigors that come with real estate investment, getting rents from tenants isn't easy as it is on paper :-) Goodluck

Good points but the question has always been if the person has such a pool of funds to make the real estate investment. If i have 10m, i will rather invest such in 1-year TB and earn 1.8m than go and invest in real estate. 10m will not build any reasonable property now unless it is face-me-i-face-you type of house in a crowded area. With my 1.8m, i will comfortably rent a flat for 500k per annum.

neurosci:
Total fees including tuition, boarding and others at Loyola Jesuit College was 1.5 million naira per year as at last year. But if your son can get the highest score among male candidates in the common entrance exam, he would be given a full scholarship for the entire six years of study at the sch. Even if he doesn't get the highest score but performs well, he can still get a full scholarship if you inform the sch about your inability to pay. About 10% of the school population is on a scholarship. And it is the best secondary school in West Africa since at least the last 10 years.

Wa o. I thought the fees is in the neigbourhood of 2.5m. Do you have somebody there?. I will check their website again as they have some old newsletters that i once saw the fees to parents.

Centrix:
It is only boarding and the fees are not so different from Corona's. Entry is at year 7 (JS 1) only. Transfers to higher classes isn't allowed

Quite true. I think they have a day section in another area of Abuja. I was considering the school for my son but the fees is beyond what i could afford. If i had the money, i would choose it over Corona. The unfortunate thing also is that they do not have transfer exams to other classes. With the high standards and competition to enter, i doubt any child fails any class to even create space. Their interview process lasts 10 days. That tells you the number of applicants to the school. I think they have common entrance centres in UK, US and Canada.

richdaddy75:
Do you mean catholic day and boarding is less expensive? Pls, let me know

Yes o. The most expensive which is Loyola Jesuit, Abuja is still less. It is very tough to get into because the competition is very very very high and they only take a fixed number every year.

richdaddy75:
Just googled now, what I saw amazed me. Over 2.5M per annum
.
It's well with my soul

Yea. Actually saw something in the neighborhood of more than 3M per annum for boarding. Have you look at the Catholic mission schools?. Some of them have day and boarding.

unite4real:
That one is the CHAMPIONS LEAGUE. it is for the big league players. Not for individuals like you and I so make u no flex your mind about it.

You no know say their are individuals and there are individuals?. All individuals are equal but some are more equal than the others.

richdaddy75:
Thanks and God bless

You can also google it. I did that and saw a fee structure for entry level for the year 2015/2016 session. I do not want to post the link as i do not know what leads to a ban.

richdaddy75:
Pls Can somebody help me out to know the tuition & boarding fee of CORONA SECONDARY SCHOOL, Agbara.


Pls this is in order to get prepared for next admission of my Son

God bless

If you are serious, then either send the school a mail for the information or you pay a visit to the school. Most schools give their fees breakdown if you visit them. You can also look for a parent that has a ward in the school. Most schools do not put their fees on their website again.

Shawls:
@Gbadexy
I must commend you for a job well done.Gbadexy supplied custom made paints for my project about a month ago.It took a lot of Whatsapp messages and pictures, phone calls in the wee hours, many visits back and forth to Sherwin Williams to match the colours before we finally concluded on the colours and quantities.I will post the pictures when painted.

Waiting patiently.

gbadexy:
A big thank you to my chairmen @ NL1960 and hajj Muftau.
I've supplied the paints for Dr Shawls.
I could have updated sooner but I thought the painting would be done much earlier so I would just post the picture update.
As it is, there are still some works that need to be done so the painting is delayed.
I'm very grateful for the recommendations.
Much appreciated sirs.

Good one gbadexy. Just continue doing your best and satisfying the clients. Slow and steady, you will build a world class outfit.

slimtriggaman:
I think it is too early to know which rate to go for, reason being that the auction stop rates are majorly determined by economic factors and policies which are very dynamic. I suggest you lookout for the economic trend within next week. Hopefully by next week Friday or upper week Monday, you would be able to get an almost certain and safe rate to bid for from this forum.

So prepare your mind to submit your auction form before COB on Monday 13th

Thanks. My account officer told me that i have to submit a written instruction 3 working days before the bid day.

slimtriggaman:
to the best of my knowledge (Gurus in the house can correct me), there are three major scenarios;

1.) If you go with bank rate, the success or failure of your auction depends solely on the bank

2.) If you go with your personal rate and your rate is higher than CBN stop rate and your bank uses a lower rate within CBN stop rate, your auction would not be successful.

3.) If you go with your personal rate and your rate is higher than the bank rate and lower than CBN stop rate, your auction would be successful, assuming the bank acknowledges your auction request.

Thanks.

So what do the gurus and yourself advise?. I want to jump in for the first time in the Feb 15, 2017 action using GTB for a 182-day tenor and i want success. Should i give my rate to GTB or should i allow them to use their rate?. If iam to use my rate, what is the safest rate band to get a success for a 182-day tenor?.

bisiki2:
And the moral of this explanation @ IHelp and all is; Always state your own rate each time you bid. Thank you.

What if you use your rate and the bank use their own rate and your rate end up being higher than CBN stop rate while the rate used by the bank is lower than CBN stop rate, will it not mean that you will lose out while those that went with bank rate will win or will the bank make you win in respective of the higher rate you use?.

bisiki2:
Always specify your own rate each time you bid to avoid being ripped off.

Can a bank ripped up somebody if the rate is not specified?. What i mean is that can the bank give to the person a rate that CBN did not give the person?. For instance, if CBN gives me a rate of 18.2%, can the bank turn around to say that it is 17.5%?

Ojix85:
I was going to ask the same question. My bid failed with GT. Im currently shopping for another bank as we speak.

Any reason why it failed because iam planning to jump into the Treasury bills train as a first time entrant on Treasury bills with them in the next auction.

feddy27:
One of my friends wrote a note back to her daughter's teacher dat she should simply tell her the assignment ws for her not d child...lol

1-3yrs is all about building motor skills, making dem aware of dia environmt, encouraging play etc... most schools really get it wrong wit toddler education; only few understand the principles. my colleague's 1yr+ son ws asked to color the Nigerian flag in an 'exam'.. + other ridiculous questions... he withdrew the child frm d skol immediately...lol

Just imagine. Should exams be given to kids at such levels?. Kudos to that your colleague. He did the right and reasonable thing by withdrawing the child. Do the school know that there are various stages of the development and maturity of a child's brain?.

feddy27:
Hey Zaynie, my son hs started school too and they don't wear uniforms as well. They said dey wanyt d kids to enjoy their childhood. Some of their daily activities are story time, sports, circle time, he's been taught letters a - c and numbers 1- 3. Dey re doin a great job with potty training; he takes off his pull up and says 'mummy I want to wee' and he actually does! I was so impressed! Every weekend he comes home wit a book for us to read to him and like you said dey re mostly cartoons e.g. last weekend ws Barney and baby bop. He ws soo excited and listened attentively. They had sports day and he ran 10m race He's always so excited goin to school. Today, they had cookery class wia dey made salad wit cucumber, onions, tomatoes and lettuce and every child took a bowl home. They said the essence is to encourage them to eat vegetables.

So far, I'm overly impressed with them. They have an adult to child ratio of 1:4. Currently they are 13, max is 15 with the head teacher and 4 minders. My son's teacher hs taught for 27yrs in dat school! Every Wednesday is Fruits Day; no artificial juice and the likes so we are ready for our mixed fruit salad tmrw

Iam really impressed with the bold especially the "They said dey wanyt d kids to enjoy their childhood" aspect. There are some schools where tough ICT homework is given to a reception kid as if the kid is going to enter high institution the next day. The parents end up doing the home work or employ an evening lesson teacher who now does the home work. How is the child suppose to learn in such circumstances. As far as iam concerned, a 1-3 year old kid should enjoy his/her childhood.

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