₦airaland Forum

athaliya:
It all boils down to understanding who you're with. There are days I wake up on the wrong side of my bed, nobody talks to me, neither do I talk to anyone (at home). Thats cus they understand me well. So you should be able to understand the body language of your partner. If you aren't good at reading the body language, you can make up for it with communication. No matter how bad we feel, we'll want someone to talk to, someone to share the problem with us. So if you notice she's squeezing face, you can ask how her day went, why she's moody etc. If there's really something bothering her, its most likely no will mean no. If she doesn't even tell you whats up, no will most likely mean no. If she's tired and worn out, no will most likely mean no.
Meanwhile.... for some ladies, they'll just want someone to hold them or touch them only.... But its easy for the guy to see it as a green light and want to go all the way down. Please don't misunderstand me, in the end, she may be a willing participant but next time, she wont want you to hold her cus she no get power to say no or go all the way. However, if you consent to just cuddling and petting, she may end up seducing you herself. So it all boils down to understanding your partner and communication.

Disclaimer: I spoke on behalf of myself and a few ladies I know. If what I wrote doesnt talk about you, dont eat me up
N.B: For the guys, if this works for you, kindly contact me for my address so you can forward my bottle of Rose Martini

Hahahahahahaha.
One can of Orijin for you

Martini too cost

So, how does a fella distinguish between when no means- "I don't want" and "I want to be seduced".If one is mistaken for the other, your lover could be seen as selfish, inconsiderate etc

CC: bukatyne; athaliya; acidosis; PaperLace

Mpeace:
If they Pool funds like you said, it becomes risky since the reversion at the expiration of the investment goes to one person or account. If that person is the investment house and that investment house has gone under before the maturity date, your money will be used to pay creditors.

Aren't MMF subscribers creditors?

olumide4christ:
I have never worked with them but I have seen some projects they are developing around Life Camp/Kado area of Abuja. I have also seen their adverts in different locations in Abuja....they come across as a capable construction and property development company.
You can also check their website to see the projects they have done & recommendations of past clients/associates.
Hope this helps.

I did check them out but as you know, the proof of the pudding is in the eating. I would really like to have an idea of the quality of their work

Hello

Does anybody know about this company "Brains and Hammers" and the quality of their work?

Help a brother

Thanks

logoscope:
Pls what is MMF? I have spare cash to invest. I was thinking of doing FD, until I saw this post.

Please read the posts and discussion subsequent to that one

PearlStreet:
The info in your post is what a lot of buyers of estates in Nigeria are ignorant of.

I handle lots of land transactions and in the course of pre-purchase inspections, I discovered that a lot of estates don't have valid documents enabling them to sell. If you ask them, they'll give you one file number to check at Alausa that they're processing their excision. This is a big lie as government doesn't give excision to Real Estate companies, but to traditional landowning families and communities.

Most of them are selling future litigation that would not be borne by then but by their subscribers. The agents can't tell you this as they also are largely concerned about collecting your money and moving on to the next unfortunate buyer.

There is a prominent Real Estate company that has an estate at Ibeju Lekki. The C of O of the family they bought from is subject of litigations, but they refused to tell their subscribers. One day, they would wake up and find that their properties have 'possession taken' written on them.

Though there are a handful of good real estate companies with proper and secure documentation and title, a greater percentage of the estates marketed here on Nairaland have defective or no title. I've done PPI on tons of them and I'm pretty sure of this.

Can you mention a few of the legitimate ones

feelamong:
PLEASE I BEG FOR YOUR PERMISSION AS I POST THIS IMPORTANT INFO******


A few months ago i discovered Bitcoins through someone in this forum!

After buying for some time and hoping for an increase, i noticed that the price fluctuates and as such could be tradeable (Buying at times of low and selling at times of High)

This led me to searching for reputable coys that I could Invest my Bitcoins with so that they trade for me.

I found one and did a research on them to be sure they are reputable.

The coy is CRYP TRADE CAPITAL...they are based in SPAIN

They actually guarantee at least 17% monthly return (Dollars) on your Bitcoins investment.

I have invested here for the past 3 months and just felt i should share!

You can pm me for further info.




PLEASE FORGIVE ME FOR THIS!!! JUST WANTED TO SHARE AN INVESTMENT INFO THAT IS WORKING FOR ME!

Because say na you o! If not...
In fact, how we wan take know say na the real feelamong be this ? The feelamong wey we sabi na TB and Stocks im dey do.

Abi dem don hijack your moniker?

* In Eminem's voice* Will the real feelamong please stand up

Ojix85:
Short Story :

Was preparing for my wedding late last year and I needed a wrist watch.
Being a long time customer of a particular brand, I was aware of what I needed to spend to get a good one. 30k tops.
So I got to the sales point. Alas, the price of the range I wanted had risen to 52k. I scraped here and there and was able to purchase one. I was like, this Naira don unless o.
Fast-forward to date, I was lazing around the brands website, only to find out the exact watch now retails for 119k. I was like God, we are in trouble.

Real Question:

While Tbills is great and all, is there an actual means to preserve wealth while the Naira takes a beating?

Kindly point me in the right direction good people.

Buy USD or bitcoin. If USD falls, buy more

jpphilips:
Landed properties do not appreciate in recession rather it depreciates, Nigerians don't really understand the economic indices of recession.
You may risk increasing rent no doubt, conversely, you risk fallow houses. to strike a balance, the rent does not usually increase in recession.

Houses have lost value. But land prices seem to be resilient

RealityShot:
hi..
please that interest roll over option,
does that mean all interest will start being roll over from the beginning till date of withdrawal?

also, how do i get user id..my payment failed i cant login to try again
(i have written support shaa)

1. Rolled over from end of previous quarter until withdrawal or next quarter.

2. Contact your account officer or relationship manager

RealityShot:
I read that MMF only pay dividends quarterly.. . Is that so?

So if I withdraw after 2months do I have to wait till end of that quarter for yields?

Your interest accrues daily and can be viewed on their online platforms. So, if you withdraw after 2 months, you will receive your interest from the beginning of the quarter until the date of withdrawal. If you do not withdraw before the end of the quarter, you will receive your interest at the end of the quarter.

Think of it as a high yield fixed deposit

Oluwakemitosin:
what is the difference between MMF and Treasury bills

An MMF is a collective investment scheme that invests in money market instruments ie it pools funds from several investors to be invested in money market instruments.

A TB is one type of money market instrument

RealityShot:
Hmm.. Thanks..

I looked at their return rates for Dec and January... It shows around 15% but that's fine...

Will visit the nearest fbn branch to ask...
Investment one's website lacks yield info...

Thank you very much Sir.

Some do better than others.ARM, Stanbic and AIICO Capital are doing approx. 17%

RealityShot:
Thanks..

Does this mean that one can get 17% on any amount after the 30 days?

Yes.

Please note that 17% isn't fixed. It can go higher or lower depending on the direction of TB rates

RealityShot:
Please how can one start in this money market fund?
Is it all banks that do it?
Is there a bidding process?
How long is the true tenor for that 17% yield?
Thank you

There are a number of MMFs out there. Some of the popular ones are those operated by FBN Capital, Stanbic Asset Management, ARM, Investment One. Obtain their contact details from their websites. There's no bidding process and you can start with 5k. There's no tenor per se. Think of it as a high yield savings account. The 17% is derived from the yields of money market instruments (TBs, commercial papers, fixed deposits) the funds are invested in. The higher the rates on TB and the rest, the higher the MMF yields

Houstency:
Thanks Boss. With the dwindling TB rates for 364days(18.54) and inflation rate at 18.55, are we really making any profits?

And anyone with any other useful secured investment vehicle that offers higher than inflation rates?

Effective yield is around 22%. That's an after inflation return of more than 3%

Actually the banks are just collection agents. Companies like Clickatell, eTransact are the beneficiaries

awesomeJ:
Sorry to digress a little. Did anyone attempt to transfer funds to zenith bank from another bank over the weekend? was it successful? I tried one from stanbic, I was debited by stanbic, but zenith didn't credit me, so I want to know if it's due to the network troubles zenith had recently. I've contacted the customer service of both banks. The stanbic guys are saying very confidently that they've pushed the funds to zenith, the zenith guys on the other hand are claiming that they could not have received the funds without crediting my account. please I need peeps here who are in the know to come to my aid as per what to do. Thanks.
P.S The transfer was done through quicktellar on an ATM. The money would have been enough for me to place a bid for tomorrow's auction.

They reportedly had issues over the weekend. Even ATMs were not left out

chukzyfcbb:
for those you asking questions about MMF. pls I would advice you stick to treasury bills.
I have been monitoring FBN money market fact sheet for sometime now. Just recently I discovered that the their FUND SIZE is reducing drastically.
As at March they had about 94billion
As at Dec 2016, it has shrinked to 24billion naira
A drop of 70BILLION in about 9months. which translates that First bank MMF (money market) investors are pulling out funds at an average of 7billion naira per month.
if situation continues like this, with no new injection of funds. then the left over 24billion in thier fund size will have just 4months before problem sets in.

its no surprise why their desk officers are seriously persuading old customers with a whopping 16% just to win thier hearts. if you do FBN MMF, better port all funds now to TBILLS. the future isn't clear oooo

I understand your concerns but please refrain from alarmist rhetoric.

It's pretty obvious that the fall in the assets under management (what you referred to as fund size) fell because of the prevailing economic issues. Even the stock market with the exception of a few stocks performed woefully. The last GDP figures showed that real estate activities have also fallen. That's what happens when disposable income falls. People are finding it difficult to save not to mention invest.

Please note that MMFs have TBs, tenured deposits and commercial papers as their underlying assets which generate cash-flows. So the higher the rates on TBs, the higher the MMF yields and vice versa. The 16% you mentioned is as a result of the high yields on TBs. Also, TBs and tenured deposits are assets that can be turned into cash fairly quickly ie TB can be sold on the secondary market and fixed deposits can be liquidated within a few days. They do not need constant inflows as they are not Ponzi schemes.

awesomeJ:
primarily, the advantage money market investment has over treasury bills is the flexibility in redeeming your investment. For most MMF, you can redeem after the initial 30 days without incurring any penalty. You can even withdraw earlier albeit with a little penalty.
Aside this flexibility in withdrawals, the rates for funds like StanbicIBTC MMF compares with tbill rates as follows:
At about 17% currently, It
-beats 91-day NTB
-is almost at par with 182-day NTB(could be better off if your bank is funny)
- below 364-day NTB, by offering about 1,500 less in returns for every 100,000 invested.
The best thing is having a portfolio containing a mix of these investments, so you can leverage on the pros of each of them.

Those rates up there are still poorer than the true yield of 182 and 364 day tenors. Plus you get your interest upfront which you can reinvest I.e. compound. With an MMF you get your interest at the end of a quarter.

The other advantage of an MMF is that you can start with as little as 5k. What one can do is to use an MMF to build up funds to a sizeable amount then withdraw to do TB. The returns are far better than FD and savings accounts.

Godmother:
This explanation is so detailed, thanks. But mehn, these banks are terrible o; 4.2% per annum! It will favour me to put the money under my bed or dig a hole in the ground.

You can also try a money market fund. ARM, STANBIC, AIICO Capital funds are doing pretty good now as a result of the high yields on Treasury Bills

Adesiji77:
Bros, you may have to edit the "no bank in Nigeria" part.

I can tell you authoritatively that 4.2% pa is the official rates for Zenith Bank, Stanbic IBTC Bank, Skye Bank, Union Bank, Diamond Bank and other banks that I can't readily mention right now. A few banks that I know even pay higher for customised savings products.

It could be that the displayed rate guide in the banking hall of that particular bank/branch has not been updated. If any bank pays you less than 4.2% pa, report them to CBN!

GTBank is still at 3.6%. Diamond bank (HIDA) is still at 4% for N1m and above. I confirmed the rates from GTB CC and my account officer at DBP. Plus, it should also be factored in that interest will be forfeited after 3 withdrawals

nickxtra:
I want know the implication(s) of none compliance to the mandatory pension scheme by a company Nigeria?

There is a company, with close to 50 employees (80% of which are females) based in Abuja, where my sister works. Some of staff have spent upto 10 years and my sister just spent 4 years now, but the Managing Director has refused to enrol them for the mandatory pension scheme, even though it is stated in her letter of employment, i.e. to register her for the scheme.

At a point, a female-based NGO wrote to the company mandating it to register its staff for the pension scheme, the MD grudgingly started the process, by bringing forms for the staff to fill, but later stopped when it appeared that he must have settled with the NGO. Since he stopped the process, they have not heard anything from the NGO again.

And the situation the staff find themselves is that they are afraid to confront the company, as the MD fires staff at will, especially when you discuss issues like this with him. The staff live in fear and are at the mercy of the MD who runs the company as it pleases him, even when it negates professional and ethical standards.

send a petition to PENCOM. I've also heard FIRS can be useful with respect to unpaid pension
She can also do voluntary contribution

modsfucker:
I worked with a private organization for three years before leaving for a government parastatal. When I was doing documentation with my previous job, they opened Retirement Savings Account (RSA) for me with PAL pension. I've contributed monthly to that account for the whole duration I was with them.

When I left the job, I just ignored the account. Not long ago, the pension managers sent me an e-statement containing my balance, sincerely speaking that amount cannot be ignored. Therefore, I need advice on how to withdraw that money, please.

Besides, why didn't you continue with them instead of switching to a new PFA?

modsfucker:
I worked with a private organization for three years before leaving for a government parastatal. When I was doing documentation with my previous job, they opened Retirement Savings Account (RSA) for me with PAL pension. I've contributed monthly to that account for the whole duration I was with them.

When I left the job, I just ignored the account. Not long ago, the pension managers sent me an e-statement containing my balance, sincerely speaking that amount cannot be ignored. Therefore, I need advice on how to withdraw that money, please.

I doubt it can be withdrawn in the manner you want to. If I'm not mistaken, the conditions for withdrawal have to do with age and loss of employment. Voluntary contributions may be withdrawn after a year. At best, it can be transferred. Speak to your current PFA about it.

Hello House

I've been searching for rent-to-own schemes in Lagos but I haven't found any (except for Lagos HOMS). Are there any private developers who have such schemes with high quality construction ?

Thanks in advance

EgunMogaji:
No idea sir.

Ok. Thank you

Found it on Konga.com

Will try it out

EgunMogaji:
I personally don't use any additive but I use top shelf fuel.

When I do need to clean I use Seafoam https://seafoamsales.com and it's the only product I use and recommend.

Do you know if it's sold in Nigeria

So, because of 2 students, you want to generalize?

You didn't do research to find the ones who went to Harvard, MIT or the ones who had all distinctions in WAEC or had near perfect SATs

Shame on you!

GAZZUZZ:
no concrete evidence to nail them yet

Thanks

GAZZUZZ:
There are no benefits, you will not achieve any gains in mileage or engine protection.

It is drain on your pocket.

It is a scam.

What about the fuel treatment and the injector nozzle cleaner by Total?