₦airaland Forum

hollerbaby:
Can you please help us new bees with a figure lets say 1millon

11.22 % , 7 years and. Half yearly rent payment for 7 year.
Please if u dont mind give practical figures of the payments ever 6month

oluwaleokey:
Pos business and keke biz
We once exchanged emails if you can remember

Self sustaining?
Have been expanding the both biz, so it keep demanding for more capital...

unite4real:
11.2% of 1M is 112,000

Every 6 months you get half of the above figure which is 56k every 6 months

Thisnut:
you can also use the drive through ATM without stepping out of your car, you can as well deposit using the drive through.
You can deposit and withdraw your cheques with mobile apps, you don't get charged for sms or stamp duty when you deposit or withdraw, the bank officials don't ask for tips when you withdraw, you don't go through the back door to get special treatment because you're rich. My bank pays back all charges using other banks atm. Banks give you credit card protection incase you are being hacked or someone who's not you had used you card, you get all your money back.
So far i think Nigeria has the most backward Banks i have ever seen and they are all thieves.

I know usa banks takes about 24hrs for transfer to get through, That gives you enough time to put hold on the transfer and make necessary adjustments. If it's that urgent, you should have done it yesterday. beside, banks provide app like zelle and you can use cashapp for instant money transfer, they have no charges.

If you're doing well in Nigeria, don't give Nigeria any credit. You're just at the mercy of God. If you doubt me, quit your job and see if you will ever get another one. Lol!


Some will say I'm very negative about Nigeria,
yes i am. Imagine my older sister who's a lecturer in nigeria is making less than a street begger in the U.S.

emmanuelewumi:
We have Nigeria Mortgage Refinance Corporation, I don't know what they do.

This company can be allowed by legislature to give loans to workers and place a lien on the Retirement Savings of the workers for home acquisition.

That should not be the duty of the pension fund managers

Their own is to invest in risk free financial instruments and derivatives

Chibexe:
At the end of the seven years would I get my full capital

unite4real:
Yes

Chibexe:
Pls for clarity sake, if I invest 1M at 11.2% for 7 years, I will be paid 112,000 annually for 7 years and at the end of the seven years I will get my capital of 1m credited to my account including 112, 000 for the seventh year.

Thanks for your response.

Sholapey:
Follow madam advice and also investment wisely. Children tend to learn from what they see their parents doing day in day out.

If you're smart, your kids will learn your smartness. Be the book he/she will be reading for a better results. Welcome to our midst, I pray your life will never remain the same as you pay close attention to this thread.

emmanuelewumi:
Mainwhile the insurance company will use his N20 million to buy FG bonds at 11%, making N2.2 million every year paying N110,000 every month to the retiree at a total of N1.32 million every year. Making profit of over 800k every year.


At the end of the 20th year, the insurance company will get a bullet payment of N20 Million, whereas the retiree would have drawn down his annuity payments.

ukay2:
This is why this contributory pension scheme should be voluntary, not compulsory

I need to invest my pension by myself

emmanuelewumi:
If should be compulsory, it is jara for you.

Since your investment is more than 8 times your retirement savings account.

Let it be.


98 % of workers won't have any savings if not this compulsory savings by government

hollerbaby:
from the advert i understand that the money is for construction of road by the Federal .

My question what's that name about sukuk? Is it an acronym abi it has arabic meaning?

It appears like an Islamic financial arrangement since they used rental period instead of interest. Why ? sebi it federal government ?

Please i am not in anyway religiously biased. I respect everyone religious beliefs so that's not my point. I just wanna learn.

1kinggy:
I'm relatively new on this thread but I think some of the questions being asked here are just from lazy minds. A bit of Google, basic arithmetic and investment sites will clarify the questions. To do anything tangible, we can not rely on the information given by others. Help yourself. Do some basic research and come here with tangible questions.

1kinggy:
I'm relatively new on this thread but I think some of the questions being asked here are just from lazy minds. A bit of Google, basic arithmetic and investment sites will clarify the questions. To do anything tangible, we can not rely on the information given by others. Help yourself. Do some basic research and come here with tangible questions.

ozymes:
What is the guaranteed rate for VGIF? And secured is the invested capital?

emmasoft:
Gurranteed rate is 8.5% plus 35% of gains of the fund that is not fixed though, but from my experience since 2014 there is always addition to the Gurranteed rate. The capital is secured base on the underlying asset since it's in the fixed income category it's secured as specified and regulated by SEC hence it's different from balance or equity fund which are not secured base on the category such funds belong to.

unite4real:
It's Ijarah Islamic bond. Forget the name and enjoy your money. Muslim dey fly plane with Christian's as passengers. Christian dey fly plane with Muslim as passengers. Owo ni koko

talk2tonie:
I like the way you market your company’s product. You deserve a pay rise.
All the best.

ukay2:
Loooooool

This thread na MBA SCHOOL for any serious investor

unite4real:
You are new and u started by insulting people?

Everybody has his or her speed of understanding. No question is stupid as it can answer to many who are reading without asking.

Google cannot make u money, practice will. Money making is an act.

This thread started since 2012 and a lot of us have asked so called lazy questions but it has paid off on many

emmanuelewumi:
No discrimination when playing the money game, Femi Otedola a Yoruba and devoted Catholic is a friend to Dangote a Hausa man and a Muslim.
Such funds don't invest in brewery, lottery, piggery and usury business or investments. Enjoy 11.2% rental income or whatever it is called on your investment

1kinggy:
Obviously, you skipped relatively when you were reading it. I didn't start following this thread yesterday or last month.

Some questions here are needless and a sign of laziness - many are just too lazy to use the search button even in NL to see if a similar question has been answered.

emmasoft:
Gurranteed rate is 8.5% plus 35% of gains of the fund that is not fixed though, but from my experience since 2014 there is always addition to the Gurranteed rate. The capital is secured base on the underlying asset since it's in the fixed income category it's secured as specified and regulated by SEC hence it's different from balance or equity fund which are not secured base on the category such funds belong to.

ozymes:
Tax(WHT) exempt?

emmasoft:
Yes. Abacus MMF Aand VGIF are tax free. All your accrued interest gets paid to your account or reinvested if you opt for it. Basically that is one of the upside of mutual funds they are tax free. No WHT.

unite4real:
There is no room for automatic compounding. Anytime your rent is paid, you must put your brain to use again.

There are many brokers. U have Morgan capital, Afrinvest. This one's can relate with u online without visiting their offices. There are others too but these I have tried.

emmanuelewumi:
No discrimination when playing the money game, Femi Otedola a Yoruba and devoted Catholic is a friend to Dangote a Hausa man and a Muslim.
Such funds don't invest in brewery, lottery, piggery and usury business or investments. Enjoy 11.2% rental income or whatever it is called on your investment

emmanuelewumi:
No discrimination when playing the money game, Femi Otedola a Yoruba and devoted Catholic is a friend to Dangote a Hausa man and a Muslim.
Such funds don't invest in brewery, lottery, piggery and usury business or investments. Enjoy 11.2% rental income or whatever it is called on your investment