₦airaland Forum

BullBearMkt:
In Nigeria context, bunkering means stealing of crude oil. It is illegal; don't sugarcoat it.

Well, that's in street language . However, technically and formally (by the law), "bunkering" is not illegal. It is more or less a supply chain process.

megawealth01:
So bunkering is not a crime in Nigeria?

No, it's not. Even a former president (GEJ) said it on national TV.

Bizibi:
in the case of illegal bunkering,the military is heavily into it and they don't work on their own,the same thing with the hausa/fulani. We are not even 10% anymore because of tompolo's job to eradicate bunkering.his kinsmen can't do anything......

For clarification, bunkering is not a crime or a bad thing. However, illegal bunkering is a crime and a bane of the oil and gas industry.

dammybrite:
UBA

That explains it. I believe Afriprud couldn’t deliver the dividend beneficiaries list to other banks before CoB on Friday. The rest of us not banking with UBA should get our dividends on Monday.

gbengafaro1986:
strange....UCAP didnt run us our coins

Same here

dammybrite:
They did, although it was late in the night that I got it too

Who do you bank with?

awesomeJ:
You mean figures 2,6,8 and 0 are in the rough answer too.

I wish I knew to use this update for my maths teacher.😁😁😁

Say he don go …

skydiver01:
17.55%x13/365xN100m is N625,068

Yes, you're right; I only did a rough calculation to inform him. Morever, a figure 6 still appeared in the rough answer.

petux:
Good evening everyone, someone sent me a list of secondary market tbills with there tenor and I saw the 13 days tenure at 17.55%, is that really true? I refuse to believe the rate could be that high, house please advise me because I plan on putting all my life savings on this. Thanks

Just to clarify, I hope you know that rate is per annum. In 13 days, you’ll only get ~17.55%*(13/365) = 0.2689% of your investment face value minus fees and charges. So, if you invest N100m, you’ll get less than N268,900.

Emndy:
As far as longterm growth and valuation is concerned, Presco don leave Okomu for tarmac.
Even Okomu's CEO said it. They don't have any expansion plans.

Presco na boss now. Dem no be mate.

Both are quaility businesses by the way.

No problem, we'll still enjoy the ride. Okomu will continue the trend until Monday. That would be at least a 20% run in two days.

Okomu is stepping up to reclaim its position ahead of Presco. Offers have dried up, we are on a full-bid regime!

akinola98:
I don’t understand o ….. does it mean if someone has like 1000 shares in UCAP …. The new bonus will 2000 more shares ….. making a total of 3000 shares altogether? Right ??

However, a price mark-down to about one-third (1/3) of the qualification-date price will happen post bonus payment.

Agbalowomeri:
Yes

Cool Agbalowomeri ... Meri o ba ku, e no concern you.

Thanks.

Just a quick question house. Can a broker like Morgan Capitals buy TBills for clients? Account officers are messing up from afar, and I need an alternative.

@Mercy?

“At different times spanning two weeks, different sums – $500,000; $200,000; N2,000,000; N50,000 and N30,000 – were requested from Collins’ dad,”

It’s this for me. From $700,000 to a mere N30,000. 😂

N3cR0mAZc3R:
I digress bro. Someone else may be able to let you know later on. As for now I can't help.

You consider yourself an authority, whereas you don't know who you're conversing with. I am stating those as facts, I am not asking if it's right or wrong. You go and learn from people who are more knowledgeable than you on this, maybe they can further enlighten you.

N3cR0mAZc3R:
We have no tiger nor have our fore fathers ever seen it in yorubaland. Leopard is what hunters called ogidan ọlọ́lá iju he who have sharp claws and make tribal marks without marks (Leopards claw is described as being similar to a living chain saw).

Leopard is Ẹkùn or ogidan.

I made this thread so I know what I am saying.

That’s far from the truth. There was no way to call a leopard ekùn. The name ekùn came from the humming sound that tigers make, which leopards don’t. Even if tigers are now extinct in the present day “Yorubaland”, they existed and the forefathers also saw tigers (which they called ekùn) in other kingdoms (Bariba/Borgu, Dahomey, etc.). Ogidan ọlọ́lá iju, akomo nílà lai lo abe refers to tiger’s sharp claws that it uses to scratch its prey as if making tribal marks on a child.

N3cR0mAZc3R:
Incorrect. A leopard can kill faster than a cheetah but not run as fast. There's a difference between agility and being fast.

A leopard is quicker but a cheetah runs faster.

Leopard is ẹkùn, Àmọ̀tẹ́kùn is cheetah.

Ekun is tiger. It’s also called ogidan.

Was there a primary market yesterday?

IYGEAL:
Banks don't pay upfront interest or they do?

I subscribed via Standard Chartered and I don't think they paid upfront.

For TBills, you get your interest upfront at the time of a successful bid, except you advise them to reinvest your interest. Any other arrangement is a scam.

Odunharry:
Investment firm.

Chat me on 090.. 7005..8..2...8.Nine for more

Lol no. The true yield of a 20% pa rate at a commercial bank is higher than what investment firms will offer because they won’t pay upfront interest.

Odunharry:
yesterday secondary market is up to 25% no let dem whine you.

Thanks. At which bank was that? 25 or 20.5%?

englishmart:
We all know the law will surely be twisted to accommodate his son, just as it was twisted to convict Trump. The USA is by miles more corrupt than Nigeria.

You can say that again! Western societies are more corrupt than Africa. Not that I have any iota of tolerance for corruption, but Nigeria and Africa generally are still saintly compared to the veiled rot in the ostensibly civilized countries—double standards exist in every sphere of their system. People don’t speak out because of the cancel culture they use to suppress those who complain or go against their system.

ogoo4real:
Please has anyone received their Okomo Oil Palm Plc Dividend which payment date was 23rd May

It has long gone. People have eaten and re-invested with it since. Or have they declared another one.

Itsrm:
Tell him or her to keep checking and notify you once there's an offer for 20%

They get snapped up fast.

That's what I do normally. I only want to be sure that people are generally still getting up to that rate on the secondary market. Thanks for your input.

Great! Thanks for the information.

Mills55:
I got 20.20 percent till 22 May 2025, with Stanbic yesterday and this morning.

Hey guys,

What rates are you people getting on the secondary markets these days? My GTBank banking officer is offering just about 19.5% for about 354-day tenor. I'm shopping for 20% upwards.

chatinent:
I can roughly say education in Nigeria na scam.


It is based on connection and what you have to offer.

It’s in every country, even in the West, America inclusive. However, she might have merited the promotion according to the standards and criteria of the university; many such promotions are backdated because it takes time for the university senate to review the submitted qualifications and achievements.

[quote author=aieromon post=130242196]Like cowboys, like employees. The elephant 🐘 will soon remain only the head. 😅

kkonsults:
DISTRESS SALE

600sqm plot of land at Cerise Gardens, Osoroko, Ibeju Lekki.

It is situated in an estate opposite Dangote Jetty, free from government acquisition and with a registered survey.

Asking price: 6.5m naira


Call: 0816 989 7915

Do you have any annual obligations (fees, rent, etc.) to the estate?

Bluekapon:
Thank you for your response.
I applied on Friday via GTB. Didn't get any debit alert whatsoever throughout Friday. Tried calling the account officer but he wasn't picking my calls. I checked my account balance today being Saturday via ATM and noticed that the entire amount is gone including the interest. Still yet to get any alert sms or email. The account officer is still not answering my calls. I'm just kinda confused here.

That doesn't sound right. On Monday afternoon if you still haven't seen any notification, you may escalate to the branch's email address; send a message to your account officer and CC the branch. You should have the email adresses in your online banking platform.

Bluekapon:
Please those who have purchased TBills via secondary market with GTB, What's the process like? Is the entire amount debited first before the upfront interest is credited back into the account? And how long does it take to credit the interest?

Contact your account officer to ask for their current rates for the various tenors, then specify which one you want. After your application is accepted, they will deduct the discounted amount (total invested less the pro-rated interest) followed by the VAT and custodial fee.

You will then have the face value (amount you requested to invest) indicated on your online banking platform. You will also see the tenor and maturity date indicated.

Mankind2024:
Thanks for the update.
My dividends calendar was reading 30th May.

Same here. I guess the error came from here: https://nairametrics.com/2024/05/07/nigerian-stocks-list-of-dividends-announced-in-2024/

I prefer using the official announcements: https://ngxgroup.com/exchange/data/corporate-actions/