₦airaland Forum

condomuser:
Good observation, worse case scenario if the governement fails to meet its debt obligation.

1. It will increase international borrowing rates.
2. It will increase local borrowing rates
3. The value of Naira will crash to the level of Venezuela and Zimbabwe i.e. To buy one loaf of Agege bread with a plate of ewa could be N1500 and exchange rate could fly N750/$ today and N400/$ tomorrow.
4. Crime will rise
5. The poor will suffer most.
6. Oloshos will reduce their price and the cost of vaseline will go up.
7. Inflation will kick most people into Agriculture

My advice to investors, know your onion. Do not invest foolishly, in an unpredictable economy, your N25,000,000 can easily degrade to N15,000,000 even though you have earned huge interests.

As much as the Federal government doesn't show any signs of collapse, the incompetent decisions makers in the government are brain dead economists.

Bad guy...

bencarson007:
I am into transport and logistics.
Thank you

More blessings to your hustle sir.

bencarson007:
Hey op, I like your topic and even though I did not want to respond, I am compelled to.
First off, the ladies that made those useless comments and some saying trash here on nairaland are kids.
Secondly, a man with drive and ambition is better off than a man with millions. Why ? A man with drive and ambition can take almost anything at his disposal and turn it to something but some idiots even with heavy salaries can't do nothing with them.

I don't know your story and you don't know mine but we all should learn. Cash is not always the first thing. Passion and vision is.
I use myself as an example.
First job - 51k - left to complete school
Suffered very well before I got another
Second job- 67k
I was wiser now.
I resigned and took a third one which aligns with what I was chasing
Third job - 15k (LoL) call me crazy.
I left and hit Benin for a fourth job which also aligns with my business plans
Fourth job - 50k
I worked 9 months on fourth job and I left and took a fifth job also aligning with my plans
Fifth job - 25k
Left after 7 months and got a sixth also in my line of view.
Sixth job -25k
And after 4 months, my training was complete.
Started my own business
Initially, I was making 25k per day and I doubled my hustle, and make on the average 50k per day and I know I can get better if I try more...
I am really trying hard.
So those stupid girls that made the kind of comments in your topic and those making silly comments on nairaland don't know what life is talking about.
I can fly to the US and back when I want.
Same as my mom and sisters because I am a self made man now.

Look at my salary drop
50-67-10-50-25-25
But I knew where I was going.

Special shout out to @Evanberry and refiner
I can gladly marry any of you because una get sense.

And at op, don't think I am one old adult o... I am just a young man wey get sense quick...
I hope to retire from active service before 45
Don't joke with a man with drive and passion.

Cc
Evanberry
Refiner

#Blessings op.
Make wise choices.
On love

What kind of business sir? if you don't mind sharing with us.

rosalieene:
congrats sis



I knew of one lady, she was fair en very beautiful.

Alot of people admired her, she was also down to earth.

she had Alot of suitors but she settled for a poor man.

today, she is a shadow of herself, looking malnourished and ugly.
tho I don't know what she is currently doing.

Truth is, what works for A might not work for B.

not everyone would be uplifted #fact

not everyone can be rich, some must be poor

Mummy, no one is destine to be poor when GOD, HARD WORK and PRAYER exist.

naifizzy:
You not being realistic at all. So a man should not marry because he earns 35k per month? Ridiculous.
See there is a class for everyone. What might be meagre to you may be tremendous to some few.
Thats why we have mansions and face me and face you.
Shoemakers, petty traders and others alike make less and yet they marry and have kids.

Dont judge life from your limited scope. Human beings are designed to adapt to situations no matter how terrible....

You have said it all sir. Best comment ever.... I have stopped reading.

I just got my 364 days TB upfront interest alert from stanbic some minutes back. Thinking of putting it back in next auction.

kycilae:
Has anyone been debited from stanbic ibtc for dis Wednesday bill

I spoke to Stanbic customer service rep. yesterday and he confirmed my account debited but i did not received any mail and sms alert.

Good evening all, please who has re-invest interest on Stanbic NTB before should kindly educate me on how to go about it. I have funded my account with 1.5m and I have submitted my form last week wednesday with 1.5m written on it for 364 day.
Do i need to add money if i want to re-invest the interest which i don't need for now?
Since there is no option for re-invest on stanbic form, how will i go about it?
Many thanks.

Partnerbiz3:
Do u tink it works?

Yes it works...from a reliable source.

adegokekemi:
Pls can I submit by 3pm today at Stanbic

The earlier the best. I submitted mine Aug 23 at Stanbic. Today is still ok.

chukzyfcbb:
Oops I dunno bout stanbic ibtc but first bank of Nigeria has that option "Re-invest upfront interest".
If they don't why not seek for extra cash to add to your capital, knowing you can pay back with the upfront interest.
eg I want to Invest 1million at 18% 364days,
I know that 180,000will be paid upfront while 820,000 will be taken away. Now if I can add/borrow 200,000 from a friend/family and Invest 1.2million at same 18%
my upfront ineterst (gross) will be 216,000. With this upfront interest I can payback my friend his money THE NEXT DAY, while I will be expecting 1.2m at the end of the tenor.
so I borrow and payback in less than 48hrs,lol

NB: I forgot to say you can do this diffefently, there was a comment here sometime ago I think by ernie4life.
Not so sure who again but he said
in stanbic ibtc, they don't deduct the whole capital and then payback interest like they do in first bank, instead they just take the actual amount if successful. we had that discussion some months ago.

so I may have 1million naira in my account but write in the form that I want to Invest 1.2million at 18%
because I know that if successful, 984,000 will be deducted from my account. I was surprised to hear this, but he says he does it often at stanbic.

First bank usually takes the WHOLE amount at first which makes it impossible to do

I will so much appreciate if you refer me to the pages, if don't mind.

TONY56:
Yes Stanbic does not do "Re-invest interest option". Though there is a way round it at Stanbic by doing some calculations but you can get that option at First Bank

Thanks sir. I went to festac branch today to submit the form and enquire on the re-invest interest. The lady said i will need to instruct them close to when the form will elapse. I am not too satisfy with her response anyway coz they don't have department handling that in that branch.

silentrock:
educate us shed more light on it.

I have forgot the history why they forbid killing alligators but could remember my late oldman said during one communal clash in some part of delta state, the creature played a vital role in saving lives. Don't know how true it is but some part of delta state don't kill...they even have festive period when they will come out playing around. You dare not kill any.

chukzyfcbb:
Oops I dunno bout stanbic ibtc but first bank of Nigeria has that option "Re-invest upfront interest".
If they don't why not seek for extra cash to add to your capital, knowing you can pay back with the upfront interest.
eg I want to Invest 1million at 18% 364days,
I know that 180,000will be paid upfront while 820,000 will be taken away. Now if I can add/borrow 200,000 from a friend/family and Invest 1.2million at same 18%
my upfront ineterst (gross) will be 216,000. With this upfront interest I can payback my friend his money THE NEXT DAY, while I will be expecting 1.2m at the end of the tenor.
so I borrow and payback in less than 48hrs,lol

NB: I forgot to say you can do this diffefently, there was a comment here sometime ago I think by ernie4life.
Not so sure who again but he said
in stanbic ibtc, they don't deduct the whole capital and then payback interest like they do in first bank, instead they just take the actual amount if successful. we had that discussion some months ago.

so I may have 1million naira in my account but write in the form that I want to Invest 1.2million at 18%
because I know that if successful, 984,000 will be deducted from my account. I was surprised to hear this, but he says he does it often at stanbic.

First bank usually takes the WHOLE amount at first which makes it impossible to do

Thanks a biilion.

richeazy:
See the Monitor lizard I caught today (pics attached)


Oh mehn lunch is settled

Pepper soup loading

Nairalanders come and join me celebrate

cc lalasticlala

If you enter orogun in delta state, don't even dream of killing any alligator you see for your own good.

chukzyfcbb:
Yes sir, that's how its done.
Without accounting for charges,
If your bid is successful, 126k will be left in your account while they take 574k, when it matures you will be paid back your capital of 700k.
so at maturity date you get back your 700k + the initial 126k paid initially. So in the real sense, you invested 574k and got 126k because that's what they debited.

However if you have no need for the interest, there is what is called TRUE YIELD I.e Re-investing the interest.
Here on your form, you tick "re-invest the interest".
Now the whole 700k will be deducted and guess what? Your money will not be moving at 18% but at 22%.

#The pros here can throw more light on this tho

22% for the same 364 days if I re-invest the profit? This sounds interesting...I did not see Re-Invest Interest option on the form i picked from stanbic IBTC. How will i go about it sir?

misterme:
Pls can someone explain the above for me. I will soon start a 4-bedroom bungalow too. I've always desired that the floor will be about 4 blocks above ground level such that u get into the house buy climbing a small 4 or 5-step staircase. Is this what the writer above mean?

Exactly what i meant sir but heard one will spend more in filling.

yemmit90:
Auction is very month.

Thanks sir

NL1960:
Next auction should be August 30, 2017.

Thank you sir

chukzyfcbb:
No its not, using the example of the person whom you just quoted.
1million naira 13% for 91days and
1million naira 17% for 182days

Investment 1:
1million naira at 13% for 91days
............
1000000 x 13/100 = 130,000 for the year
130,000/364days = 357.14 naira per day
which means you will earn 357naira in a day!!!!
so 91days = 357.14 x 91 = 32,500 (Gross profit)



Investment 2:
1million at 182days for 17%
..........
1000000 x 17/100 = 170,000 for the year
170,000/364 = 467.03 naira per day
which means you will earn 467naira in a day
so 182days = 467 x 182 = 84,999 (Gross profit)

NOW you can see that Investment 2 is yielding more profit per day even though it spans for 182days

...,.............................
Now for the purpose of compounding,
if after your 91days investment matures,
You take the 32,500 + 1million capital and invest it for another 91days at same rate of 13%
it becomes
1,032,500 x 13/100 = 134,225 in a year
134,225/364 days = 368naira per day
368naira x 91days = 33556
33,556 is your interest for 91days + ur capital of 1,032,500 brings a GRAND TOTAL of 1,066,056

So my friend even with a compound interest
1million will yield 66k if compounded 91days twice
while for 182days , 1million will yield 84k.
that's about 18k difference. So u see my friend 91days is not cool if your Profit hungry, its only adviceable to use 91days if you would be needing cash soon enough!!!! Lool

Thanks a billion sir

SEOManiac:
Did you raise the house?
Did you fill and raise the level after foundation?
Asides that, 300k would have been enough. Foundation for 400k is usually for 1 storey building.

I did not fill but raised 4 blocks up to floor level in case of flood.

yemmit90:
It doesnt work that way, your 13% for 91 days will be divided into four. You get miximum percentage and full profit only on 365 days investment.

Thanks so much. Will go for a year plan then. When do you think will be the next auction date?

ebunoyeyemi:
Good Evening, Please though I ve known about treasury bills for some time now but something is still not clear to me.

Just for example... If I'm investing 1M for 91 days at 13% and the same 1M for 182 days at 17%, don't you think it is wiser to invest the 1M for 91 days twice? Or one can't reinvest again and again?

Like if you are investing 1M at 13% for 91 days and 1M at 20% for 364 days, 91 x 4 = 364, 13 x 4 =52... Is that not 52% instead of the 20%?

I need some explanation on this please.

Nice question brother, this is where i am confused too. It shows the 91 days plan is better than the 182 and 364 day plan. I will really appreciate if someone can educate us more on this before i decide.
Thank you.

I spent close to 500k for 3 bedroom foundation alone in ogun state not far from agbara, materials and workmanship. I don't know if i was cheated cos i did not supervise the job due to the nature of my job.

Good afternoon house, please i am new in this NTB stuff. I have much interest to invest in it for 364 days. When do you think will be the next auction date and is it advisable to fund my bank account and applied now or wait?
Thank you.

charliboy654:
u r obviously a fool.

It is only a fool that can recognise a fool . Please go get life...Your brain is empty probably coz of too much ogogoro.

charliboy654:
Are u for real, u calling deltans animals. Gezzz, u r the illiterate here, u r such a big fool. Infact a fool is wiser than u n ur father. U, ur father, ur mother and entire family are worth less than animals.

;DI just saw this now....hope you have receive your pocket money from your wife to drink sapele water and play draft. Jobless cock. Delta women are hardworking than amoeba like you.

MISSCONGENIALITY:
I just browsed it and I was able to see all the symptoms I've been experienceing for a long right there in the internet. I never even thought of googling to know why but I enter Google everyday. At least now you have made me to know better about what I'm going thru and I can manage it better now. Even the drugs they gave me are there in the internet. At least I will add some home remedies to it.
Thank you very much

Still try and google how unripe plantain work for ulcer cure.

deepwater:
Op, take a chill pill. Don't rush into anything yet, Nigeria of today is business scary and with 300k you don't have any business money yet.

Take that money to the nearest stanbic IBTC branch and buy treasury bills from the FG for 364 days tenure at primary market. I have mentioned stanbic in order to make you achieve the best rate. Interest rate are very high now.

Collect your interest upfront and experiment on anything that comes to your mind at pilot scale only.

At maturity date, your 300k alert would wake u up, you may decide to push the funds into whatever your have experimented with if the ropes have been learnt well enough.

In the interim, while you experiment at pilot scale with your interest from treasury bills, apply for jobs and consider getting a salary job, you are a fresh graduate don't be afraid of climbing the ropes with little pay. Better pay comes with better work experience which is obtained from the beginning.

Don't consider your self an entrepreneur as true entrepreneurs don't get stuck with money and no ideas. People must have poisoned your mind NOT to work on a salary scale, my brother look well, the same people couldn't secure a job after much trials.

All the best and happy investing.

N. B: there is a thread on TREASURY BILLS here on Nairaland that will educate you and give you financial buoyancy, many don't know because secrets to wealth are never revealed nor advertised but are being discussed like it doesn't matter.

Please can we relate on phone if you don't mind 08138526790,
Thanks.

Beey:
The reason,why they are crying is because their original cost only KSH 100 which is equivalent to $1. That was just for the two rings.They couldn't afford a wedding and they are both from poor background.So they decided to seek a blessing from their pastor and then begin their marriage.After the wedding, their pastor shared their story and people just started showering them with gifts.They were given a free honeymoon with flight and accomodation paid for,TV interviews,Free maternity care including pre-natal and post natal for first baby, a plot of land with a greenhouse worth $10,000.Later wedding companies came together to give them a free dream wedding and someone else is paying for a trip to Dubai after the 2nd wedding.So the emotions of all that has happened in the last few weeks is the reason they couldn't hold back tears.

It can only be God . anything is possible.

touching, young couple...the Lord will perfect the marriage. its not easy.

Mehn, Money good, Oluwa bless my hustle.