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Investment › Re: Treasury Bills In Nigeria by Rizin: 6:40am On Dec 15, 2022*

Wapgod:
Chai.
Wetin be this?(Rhetorical question)

Investment › Re: Treasury Bills In Nigeria by Rizin: 5:55pm On Dec 14, 2022

exclusiveoloori:
@Rizin, will like to know if it was 365 you did cause i understand that other tenures pull through except 365days

Yes

Investment › Re: Treasury Bills In Nigeria by Rizin: 5:53pm On Dec 14, 2022

exclusiveoloori:
365 days?

364 yes

Investment › Re: Treasury Bills In Nigeria by Rizin: 6:35pm On Dec 13, 2022

exclusiveoloori:
I'm also in the same boat with stanbic ibtc. moved from FBN to stanbic because of similar issue. Can anyone suggest a reliable bank or investment firm one can use ?

Try Gt bank. Mine with them was successful.

Note that they don't send certificate unless u request for it.
But you can always place request to invest via email.

Business › Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rizin: 8:46pm On Dec 09, 2022

emmyN:
POS can register their accounts as business accounts, and that puts the limit at 400k weekly. I don't think most of the POS units around make such high volume transaction per week, so they will mostly be fine.

What is normal in Nigeria is 100naira as charge per 10000naira. Now it's 400k will give a return of 4k as gain for a whole week.
So a POS agent will make 4k weekly and 16k monthly. U have not subtracted the cost for transportation to and from the bank and cost of data for the month. Cost of recharging the battery of the machine.
Haba. Those guys will need minimum of 1m weekly to stay in the business. Else they will charge more which will be bad for the economy.

Business › Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rizin: 5:44pm On Dec 09, 2022

seunmsg:
Why exactly do people need like N20million cash outside that cannot be tracked by the banking system? Why do we like fighting every measures put in place by government to fight corruption? Why are we like this?

Dear Brother,
Nobody is fighting your policies. i do not have the power and according to the billionaire Prince, I am one of the poor masses. Actually, they are wonderful but dead on arrival.

If CBN want to go cashless fully, they should go and stop creating unnecessary black markets. but remember that even US have not gone cashless completely.
You and i knew that POS are not banks. It was just designed for retail shops to collect money from client. Today, they are like banks in some areas. Banks register them like microfinance banks. There are some places you have to pay as high as 500 naira before they can give you 10000 naira cash. this is the black market on naira.

Why will you kill a landlord because the tenant living in his house committed a crime and you can not find the tenant?
This was the same story that was told when they wanted us to link NIN. Many had accident and some lost their jobs because they have to do the linking but today, where are we?

It will be shocking for you to know that the so called big men are not even using the naira.
Are they spending from the same limit of $20 per month from the CBN?
This policy was there when presidential primaries were done.

The truth is that it is going to create more jobs for people that will sale naira to you in exchange of what you have transferred electronically.
Maybe this is part of the 130million jobs promised.

Travel › Re: Swedish Admissions And Student Visa by Rizin: 7:27pm On Dec 08, 2022

Ayokemz:
Please I'm having issue paying for my application fee on the university admissions in Sweden. It's telling technical issue please try again later since yesterday. Please who else is also having this same issue

Have you sorted it out?

Business › Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rizin: 2:13pm On Dec 08, 2022

God2man2again:
Will it be legalized?

Definitely, it will not be legal.

Business › Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rizin: 2:11pm On Dec 08, 2022

Seun:
What will people use to buy it, though?

Transfer. Eg, you went to village to buy a bag of rice at 50k. They insisted that you will pay cash. You will withdraw 20k at 20.4k from pos. The remaining 30k, you will have to buy from the POS agent at his rate. You may end up transferring 35k for the 30k you will receive.

1 Like

Business › Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rizin: 9:21am On Dec 08, 2022

Cbn want to create black market for naira notes.
This will definitely spring up. People selling naira notes at higher values.

1 Like

Investment › Re: Treasury Bills In Nigeria by Rizin: 9:11am On Dec 08, 2022

[quote author=deleOgun post=118980400][/quote]Most bid will fail because the rate has dropped.

Investment › Re: Treasury Bills In Nigeria by Rizin: 7:43pm On Dec 06, 2022

Please house. When is the next date for TB

Travel › Re: Lokoja-Abuja Expressway Flood: Advice For Motorists By FRSC by Rizin: 6:25am On Oct 11, 2022

I tend to disagree with you as it was not a natural disasters as you claimed.
Even the natural disasters can be forecasted and plans made ahead of time.
Cameroon opened their dam in 2012 it happened this way and also there was news then that this will happen every 10yrs.
We are currently in the 10th yr.
Govt should have construction a reservoir to accommodate this water.

blackpanda:
Actually u are clouded. Clouded by hate, that is.
Flood is a natural disaster. It happens everywhere.
But in your case, u cant express any comment without looking for how to blame buhari
Its not the flood or disaster u really care about, u are just filled with hate. Period.

Investment › Re: Treasury Bills In Nigeria by Rizin: 12:26am On Sep 17, 2022

As long as it's GT, he will wake up at Innoson gate the next morning.

ositadima1:
Ok, Sir.

Let me say one last thing oh. Imagine Gtb bank informing you that your precious money in dat ur account has been halved cause part of it was lent to a debtor.

Car Talk › Re: 2011 Toyota Camry XLE 4cylinder Or V6? by Rizin: 10:41pm On Jul 31, 2022

iWing1:
Thanks bro... it's only wise to follow the popular opinion. I'm going for the 6...

How far? U did not testify or atleast pop champagne.

Investment › Re: Treasury Bills In Nigeria by Rizin: 5:39am On Jul 28, 2022*

Hahaha Funny you!

From all indications, you are either a land agent or land grabbers.
The two questions you need to answer is
1. How much is involved and also how much is the land?
2. Have u you thought of the high risk involved if u buy a land from land grabbers.
When u are involve in international trades, u will get to know why it's never good to leave ur money in naira. Because u will not only leave ur client frustrated but also ur money will loose it's purchasing power. And you will push the frustrations to the end user making them to suffer for the offence they did not commit.

Currently I am regretting the little I invested in tb @7% because if it was in dollar at this exchange rate, I will have 22% as at this morning.

Vote4ObiDatti:
"God help our country" indeed, when you're also part of the problem. Nigerians will use naira to buy dollar and hoard it. Some will demand for dollar officially and sell it in the black market. All these are rent seeking activities that sabotage the economy.

Why not look for ways to earn dollar legitimately instead? If you want to hedge against inflation, you can buy lands.

2 Likes

Investment › Re: Treasury Bills In Nigeria by Rizin: 9:41am On Jul 20, 2022

Tobex4realTobex234:
My primary advise has always being to invest in dollars. But more importantly try to earn in dollars.

Supported.
I bought dolar at @570 in April this year at 8% per annum. Currently it goes for 640 as at this morning. Representing 12% increase in just 4months.
God help our country.

1 Like

Investment › Re: Treasury Bills In Nigeria by Rizin: 5:47pm On May 27, 2022

Thanks[/quote]

Investment › Re: Treasury Bills In Nigeria by Rizin: 11:24pm On May 26, 2022

About the Stanbic IBTC N100 Billion Infrastructure Fund
Those who change the world are those who take on projects that positively impact society. In today’s world, it is not enough to have big visions and dreams, you need to also have the funds to back your ambitions. When it comes to funding, we at Stanbic IBTC Asset Management Limited, have you covered

8. What is the target return of the Fund?
The target return is 2% - 5% above the FGN bond yield with a similar tenor to the outstanding tenor of Series II i.e 10 years as of the allotment date.

https://www.stanbicibtcassetmanagement.com/nigeriaassetmanagement/individual-investor/products-and-services/alternative-funds/stanbic-ibtc-infrastructure-fund

Please who can educate me more on this, the risk and the potentials

Autos › Re: N1,200,000 or Less Tokunbo Cars by Rizin: 9:58am On May 07, 2022

My Dear, no need to be aggressive.
we are saying the same thing.

Amdman wanted to help Nigerian by offering them to buy cars at 1.2m or less. But your country never wanted that.
This is why i said he should consider not to put the words "or less" as your country can not allow it to be less.

I hope you have your PVC. Its not enough to be aggressive and outspoken.

POLITICS does not understand feelings and expressed aggressions, ACTION is what matters. GET YOUR PVC.

samuelson06:
You talk like someone that's ignorant of the realities in today's Nigeria.

Is Amdman the one responsible for the unstable naira against the dollar?

Is he the one responsible for the confusion at Lagos port?

Instead of blaming your country and yourself, you are looking for who to shift the blame to.

See, it's our collective loss if this guy isn't running this business again. Even though he gains from it, over time I've seen that he cares less about the business. That means he's doing something else to take care of his bills.

So, what exactly is your ranting?

Today, most of you are mobilizing for another catastrophe to happen to Nigeria after Buhari in the name of Tinubu. By 2024, you'll come back again to blame Amdman for not posting cars again.

We are not wise in this country at all.

17 Likes

Autos › Re: N1,200,000 or Less Tokunbo Cars by Rizin: 10:16am On May 06, 2022

@Amdman,
In may 2019 and on this thread, you posted cars one can by for 1.2m or less .

In may 2022, less that 3yrs after, the same cars has gone up to 3.5m. that is 300% increase.
And unfortunately u are confused about the whole system and don't know how to help your followers here.
You don't want to quote price again as it can go to 500% and you will look as if you r not serious.
May be you will consider putting the heading as CARS FOR 3.5M OR MORE. because for you CAR FOR 1.2M OR LESS, The LESS here can never work in Nigeria.

2 Likes

Investment › Re: Treasury Bills In Nigeria by Rizin: 9:32pm On Apr 21, 2022

abraolas1:
SAFE Investment

1. FGN Savings Bond

2. FGN Bonds

3. Fixed Income Fund( United Capital InvestNow)

4. Money Market ( United Capital Investnow)

5. Overwood ( Do your research Pls, But i have been using them for more than two years now)

Rate can be low but you are rest assured that your money is safe and secure

These Above are the ones that i am currently doing Stocks ( US and Nigeria ) included .

DO what you understand best and take time to learn about it before putting your money

Best of luck

Nice one.
Pls do well to share the minimum amount required too.

1 Like

Autos › Re: N1,200,000 or Less Tokunbo Cars by Rizin: 7:44pm On Apr 18, 2022

samobaba4u:
Please urgent
There's one curve rod that front linkage is attached to like that. It just got broken in my car corolla 04. Kindly relate if u know how much they sell it? Thanks in advance

That's the steady rod I think. It should be around 5-7k. This price is for last year October when I changed mine.

Hope u know that quoted price now has to go with date.

2 Likes

Autos › Re: N1,200,000 or Less Tokunbo Cars by Rizin: 2:59pm On Apr 17, 2022

Most importers and their agents may not also be aware of the Federal government’s new tax regime, through the Nigeria Customs Service (NCS) will begin the implementation of the new Supplementary Protection Measures (SPM) for the implementation of the ECOWAS Common External Tariff ( CET) 2022-2026.

The Federal government has granted 90 days grace for all importers to clear their goods from the ports, while the new tariff and tax regime takes effect from June 1, 2022.

@Adman, does this apply to imported cars aswell

1 Like

Investment › Re: Treasury Bills In Nigeria by Rizin: 1:24pm On Mar 28, 2022

Then the internet is a nightmare to Nigerians.
For eg, when there was no internet banking, banks paid there cashiers, they had more staff, and they paid higher interest rates on savings upto 5 to 10%.

Now with internet banking, you pay for sms alert, ussd code, ATM fee, ATM maintenance charges, internet rate on savings is 0%.

Before schools adopted computer, they had more staff that will collect and collate application laters, then you pay for forms and school fees after being admitted
Now with computer, there are lesser number of staff, you pay for computer, internet , processing fees, acceptance fee (as though you are not the one that applied) and other fees required above.

[quote author=ositadima1 post=111423281]I am yet to understand or see were it was stated that the VIN valuation system will triple the clearing fees.

From a few googling I learned that it was introduced by the customs to speedup vehicle clearing. Given the vehicle identification number, the computer will extract several informations like make, make year, region etc and use it to generate clearance fees automatically.[/quo

Investment › Re: Treasury Bills In Nigeria by Rizin: 7:07pm On Mar 27, 2022

yinkaoke:
Thanks for the education, please any link on this as l find this unreasonable or are they trying to discourage us from using 2nd vehicle and by extension promote made in Nigeria cars?

.

Mmmm. The policy in Nigeria are not always made public. It comes as rumors until they start implementation. This is because if made public, there is be threats for strike etal.

In 2012 it was just made rumors before the fuel increase.

I believe it will may come for us to understand.
Check below.
https://tribuneonlineng.com/vin-customs-clearing-agents-truce-meeting-deadlocked/

Below is extracted from it

But our argument now remains that a 15 years old vehicle, for instance, has a N2m worth of value, cost, insurance and freight. Under the normal settings internationally, there is depreciation of vehicles on a yearly basis.

What it's means is that minimum clearance fee will be in that range.

Investment › Re: Treasury Bills In Nigeria by Rizin: 4:49pm On Mar 24, 2022

JavaSQL:
It has been cheaper to use bank notes of Venezuela to wipe your ass than use tissue paper.

This is how much you need to buy just one role of tissue paper.

Naija comes to mind

They have crude oil just like Nigeria.
Their politicians sell the oil and move the money to other European countries.

But unlike Nigeria, petrol is almost the cheapest article. Everybody can afford it so well and so comfortable.

5 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by Rizin: 4:46pm On Mar 24, 2022

yinkaoke:
@ Risin, please what is new policy on importation ?

The policy will likely increase the cost of importation by 300%. They want to make vin payment online. What this means is that once your new vin is type on the system, the new actual price you are to pay will pop up based on your vin.
Eg Corolla 2003 (poor men car) that cost around 450k before now to clear will now cost 1.3m

Autos › Re: N1,200,000 or Less Tokunbo Cars by Rizin: 3:44pm On Mar 24, 2022

BlueAir:
Which car can u get with 300k. Not looking for cruise but convenience

The truth is that any car you buy less that 1m now will be very problematic. Hence you will likely spend 4days every week in the mechanic to keep it on the road. I hope u understood my point.

Also remove the mindset that you will repair it once because mechanics does not manufacture spares. And In the auto market, they will loose from A and sell to B wash the one from B very well and sell to C and the cycle continues. This is why you will buy a direct bulguim throttle mouth and the sensor will be bad. Go and buy the sensor, they will tell u that it's not a matching type or that you need to program it. Ask the mechanic to buy, he will replace from store with faulty one collect your money and tell u that you need to replace the engine. The story is on and on.

Unless you are a mechanic, do not go for that.

7 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by Rizin: 8:10pm On Mar 19, 2022

Come to think of it, in 2015 Corolla was sold at 900k. In 2017 it was sold at 1.6-1.8m. currently it is sold at 2.4m. with the new policy on importation, it will go to 4m by next 3months.
Same with other vehicles.

God will help us in this country.

2 Likes

Autos › Re: N1,200,000 or Less Tokunbo Cars by Rizin: 7:53pm On Mar 14, 2022

Professorola123:
Pls someone needs the fairly used body of this kind of motor, its urgent... Just the body

Can he pay a clearance fee of 1.2m

1 Like

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