₦airaland Forum

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.

She left her 2 children at home and followed him when she knew she is not ready to give but to collect as usual. Love of money can result to anything. Not all men are human...

chuksville:
Zis Boy Wan Try Me.
Mek I Kwoll Am...

NgeneUkwenu:
Buhari wasn't president when factories in Ikeja began browning off and selling their facilities to churches.


He wan't here when 80% of SME died away and the rest went on life support.

Buhari wasn't president when landlords were being watched charging rent in US dollars and stores were selling in hard currency.


Buhari wasn't president when wheat farming collapsed and Cote d'Ivore overtook us in Cocoa production.

Buhari didn't destroy Iwopin paper mill or ALSCON in Ikot-Abasi, a single factory that at a point brought in 30% equivalent of what we got from oil.

Buhari didn't take us from net exporter of oil palm products to lazy importers of the same.


Buhari didn't make us importers of petrol and diesel nor is he responsible for killing of the textile industry.

He didn't destroy our forest resources or ran down power stations like Egbin until only three out of twelve turbines work.

People shout policy but there is no policy that can transform a 'post-war' economic environment with the snap of the finger and government should just tell the people that this thing is what it is.

Government also has to water down expectations on oil prices ever rising above 55 dollars because it is just not possible in the age of Shale and renewables.

This nation is cornered and it has no choice than to reform it's lifestyles and go back to work.

It has to reform it's justice system such that it can jail it's thieves and reward those who do things right. We are refusing to allow hardship nudge us in the right direction but prefer to explain our woes as a personal failure of Buhari to draft policy from sheer air.

They were trampling people to death on job queues before he came on board.

Where are your farms to save you from food importation or your refineries to save you from seeking dollars to import fuel?

Where are your schools to educate your children without sending them to foreign universities when you can afford it?

He isn't two years in control yet and I believe he deserves a little more understanding given the gradients of the point where he took over.


Buhari met all these things that way, plus a devastating war that devoured the nation from a region and we have the choice of working with him to restore and rebuild the country or allow ourselves to get us into false sentiments, take advantage of us to return us to the years of the locust.

Please go for medical check up.

I don't know why it is difficult for 70% of faithful and honest guys to find nice girl like this

darqly:
NO! You STFU mavdroid..!!
Every week, I see daft people like you that have fallen for one get rich quick scheme or the other, asking me how they can retrieve their money from someone they sent it to in exchange for a bargain that was TOO GOOD TO BE TRUE!
You are doing PONZI and comparing yourself to Trump? Bro, what are you high on now?? What estate is MMM selling to you? What property are you buying and reselling at a profit? What the hell is greedily smart? It's called fraud in my neck of the woods oh. And this is the plain truth: If you can participate in a ponzi scheme, taking money off others for doing NOTHING, dude, you're a fraudster, yahoo-yahoo, name it, thats it! What amazes me though, is the sheer number of supposedly smart folk dabbling into ponzi, just because they want to be rich AT ALL COST. Please go and collect your 31k or something and wipe your tears and move on to next 'get rich or die trying' scheme, we need mugus like you to succeed. Use your brain and find work for yourself, wealth NEVER happens overnight, no matter how greedily smart you are. I don't do ponzi, never have, never will, not unless you clowns can promise me 100% returns in 1 hour...

Educate him again sir, he still no understand investment principles. Lolz...

fifty:
Indeed, peace be unto u

You are truly a Man, Keep it up boss.

Fedayeen02:
Who will Provide the Help

Hiii sir

Guys relax, let me PH of 1 billion to ease your tension.