₦airaland Forum

Imagine being in prison with indians that smell like there's no tomorrow, the custodial sentence isn't the issue, the real issue is the smell

As someone who went and then returned and then went back again, I assure you Nigeria will deal with you. You can lose all you worked for in 15 years abroad in just 2 years in Nigeria. Nigeria is a very very expensive country especially in relative terms. Eg in the UK, petrol costs say 1.50 that's 3000 naira per litre, and in Nigeria just 1000 naira per litre. You might say oh petrol is 3 times as expensive in the UK as it is in Nigeria. But the min wage in the UK IS nearly 13 quid per hour that's 26000 naira, meaning your 1hr salary can buy 8 litres of fuel in the UK.
But in Nigeria monthly min wage is 75k , assuming an 8hr a day working week that's 160hours a month which translates to just under 500 naira per hour, which means ur hourly salary in Nigeria can't even buy a litre of petrol, it can't even buy a loaf of bread..
For your 1 hour salary to be able to buy 8 litres of fuel in Nigeria you will need to earn 1.3m a month which is 17 times the minimum wage.

Any auction today?

Every woman is moved by money, even if she is a billionaire, she'll go for someone with more billions.

Any auction today, if yes abeg make una post result abeg

This one wen naira dey gain anyhow, I dey fear today's TB rate , e go bloody

So what if u're abroad and send money into ur bank in Nigeria will u still pay tax, after being taxed abroad already?

Wht is only payable on TBills if you're a company. Not for individuals. It is simply misleading to collect wht on TBills for individuals. I stand to be corrected. Ask your account officers.

They've been kwankwassiyasified
Imagine being kwankwaso neighbor u go complain of noise tire

Does anyone think this TBills rate is likely to rise?

I abeg make person update with todays TBills rate whenever d info becomes available

Thanks to every one who replied , I've found the answer so thought I'd share it here. TB is not subject to WHT of 10 PerCent , in fact it is exempt from tax for individuals. only a custodial fee is charged at least with GTB and that's 0.05pc. Only companies are required to pay WHT on Treasury Bills interests which is deducted at source and is payable to FIRS.

Ok thanks for the reply every one, one more thing are Treasury bills subject to Withholding Tax of 10% on interest as well?

freeman67:
To invest in TB through any bank you will have to have an account with them. If one isn't in the country, you can mail your account officer and copy the mail Customer Service address of your bank. From there you directed on how to go.

Does it have to be a regular account or can you do it through stanbic BlueNest

To buy tbills from stanbic do u need to have an acc with them? Also if one isn't in d country how do u go about buying tbills from stanbic

Ayohbk:
Hello , Happy New month everyone. Can you please help access this quotation for roofing.


Quotation For Roofing Coverage
(Gerard Roofing)

Roofing Tiles:
476sqm x5,300
=2,522,800

Ridge:
57 Meters x3,000
=171,000

Side cap:
8meters x3,000
=24,000

Nail:
25kg 8,000x5
=40,000

Sealant:
4 Tubes 5,000x4
=20,000

Transportation 50,000

workmanship 200,000

Grand Total: (3,027,800)

It's sad I didn't see this, I would have advised you to sell it at a loss and move on. You don't know what is beneath that building, foundation wise. All those testing they are doing is nonsense, they are checking superstructure but the issue here is foundation and soil. Even if you escape all the permit wahala and so on, what if the building starts having problems tomorrow?

This governor sef always kowtowing to his predecessor

How could madiebo have been ojukwus ADC. Madiebo joined the Army even before Ojukwu and I believe possibly received his commission even before Ojukwu. Sometimes it's about personalities and not military brilliance. When you get past a certain rank in the Army it's just about politics and loyalties. Njoku was the kind of guy who would say his mind at all times and doesn't care whose ox is gored

[quote author=PuristForest post=135680764]Many stocks on here that can give you between 60% to 100% return in 6 months and that's being conservative..[/quote


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@puristforest pls kindly list them

I'm confused on whether to go with oando, but even I know thats a big gamble, hopefully it falls very quickly and very steeply too, and perhaps that would be the best time to buy. But something tells me oando will hit 350 in 5 years

Yh I know but how do I buy, thru a website or go into a bank branch?

How do u buy directly instead of buying thru banks

Any cable reel extension here? Min 25metres in length

zendi:
No one.

The ppl who spent N1.2b on Oando yesterday, pushing it up by maximum 10%, think it's the best lagoon to dump that money in.

@zendi so what do you recommend to buy , what can give me 500% in 4 or 5 yrs

Does anyone think oando is a good buy ?

What of Afriinvest, are they any good?

Suggestions pls, I need 500% min capital appreciation in 3-4 years

Hello house pls I need some advice, I'm new to this stock thing. So firstly what broker do you recommend I hook up with. Any suggestions on what stock to buy, I need stocks that will increase by at least fivefold in the next 4-5 years. Do you think Bua cement can multiply 5 folds in the next 5years? I can invest up to 10mil