₦airaland Forum

Godarz:
Well

1.We are using fuel for running business and pumping water, etc. because since we privatised power in 2013....we have been paying power prices between N20-30 PER Kwh while power actually costs N53 per kwh to produce.

Government pays the power sector a subsidy, partally from government purse, partially from loans and grants to make things better

As a result, the power sector has been running at a loss.

Thus, we use fuel to pump water, power our business, etc...because we have refused as a nation to pay the actual price for power.

Even the recent increases means that power companes now lose N2 per kwh produced.


2.And he is right...the perosn you quoted. Ghana even pays a minnimum wage around the same as Nigeria.

Basher8583:
Below are the respective prices of fuel per liter in the various countries:
1. Germany - N700.23
2. UK - N706.11
3. US - N331.45
4. France - N735.42
5. Ghana - N384.58
6. Benin Republic - N347.32
7. South Africa - N437.45
8. Kenya - N439.99
9. Hong Kong - N998.17

So why you wan kill ya self

https://www.globalpetrolprices.com/gasoline_prices/

freeman67:
With what I am seeing in your statement it's like you ticked the invest with principal/capital with interest option. Meaning your your upfront was reinvested with your capital. NTB is done in excess of N1000 so any amount that is not up to N1000 would not be invested that is why they dropped that N915 interest in your account if not you would not have seen any interest. For more understanding go and collect your certificate/proof of investment from your bank tomorrow. If you are not clear with it then we'll discuss further.
I hope this helps....

feelamong:
yes sir.. I do!

bendo75:
Oga Feelamong, please what will be the true yield for 18.28%. Thanks

0m00:
@Feelamong and everyone

Thank you for your contribution to this thread. Please do you reckon it would be wise to invest from Europe? That is, converting to naira, buying Treasury Bills and then converting back when the funds are returned by the bank?

Your thoughts will be highly appreciated.

munezo:
This is good news. I placed my bid through them but I went with 18.2 for 364 days

Dannylng:
Please correct me if I'm wrong

If you buy tb of 10 Million for 91 days @ 10%.

At the end of the tenure you will have 1million gain.

Now you have 11million excluding fees

Now let's say you buy another 91 days with your 11 Million ( 10 + 1).

At the end of the 91 days you will have 1.1 million gain

Now you have 12.1 million in approximately 182 days.


But if you decided to invest that your initial 10 million for 182 at say 18%

You will have 1.8 million at the end of 182 days as gain

Meaning you will have 11.8 million as you total cash in the 182 days tenure.

Conclusion

You get 12.1 million for investing in two consecutive 91 days (182) tenure at 10% interest rate


And you get 11.8 million for investing in 182 days tenure at interest rate of 18%


My question is this; is it not best to be investing in 91 days tenure than 182 days and more.

Please correct me if I'm wrong with my calculations

experimentist:
I don't even see Mikel on the pitch at all. Make Dem change him Jor

TheGoodJoe:


The attackers are too far, which is making it difficult for the midfielders to get to them. If their deeper, we can reach the strikers with short passes, the attackers combine with the Wingers and each other to unlock the defense.