So no more iphone for davido and crew all na infinix gang !

TEAM INFINIX

TONY56:



You see, that's the result of greed.
I guess he didn't know just like me too that the capital Base is N20m.

Moreover, they have not and will never tell him that they won't pay. They keep telling him that they have constraints and that they will pay.

Maybe he too has suddenly realised that he shouldn't have placed such huge amount in a N20m capital based bank.

He was rolling over and collecting interest for about 3yrs and at about 25%.

The last he told me was that he would approach them to keep paying his interests so that with time, he would be able to recoup his principal. I hope they will even be in a position to pay interest now.

I guess maybe there's nothing the CBN can do to help him out especially since you say that their capital base is N20m. If a bank is distressed and as a result, can't even pay you the amount you desire even in a savings account, is there anything CBN can do to force them to pay what they don't have?

It has been repeated here times without numbers that "the higher the interest, the higher the risks" but people who are greedy would not listen until they witness it.

I simply laughed when someone said Skye wants to pay 13% for Fixed deposit. Yes, they can pay what Stambic, First, Zenith, GT and other 1st tier banks can't pay because they are standing just on one leg and they know that should they fall, they will fall with their customers and nothing will happen other than the NDIC paying everyone same paltry amount that is guaranteed by law.

I doubt if any 1st tier an can pay 10%

well sadly, there is a lesson to learn here. Most fund managers know too well to diversify, since we are our own fund manager we should learn to diversify. It is key in cushioning risk.

Be on the good side of the market

aremso:




Gurus pls ecobank is offering me 11.5% on 10m tb for 241 days, how much will I get and is the deal OK? gurus pls help out

Take it

With the Fixed deposit issue , the credit risk of the bank matters on the rate you will get. You can not compare the credit risk of a GTB to that of a Skye or unity. The higher the risk the higher the rate of return and the lower the risk the lower the rate of return.

flexyrule:
Between investing in T-Bills and FG Bonds, which is a better offer?
Can someone kindly advise.

Okay these two government securities are typically of two different classes, the T-Bills is a money market instrument while bonds are capital market. The major difference is the tenor, the TBills go for shorter tenor than the Bonds that are for longer tenor. In Nigeria's economy the longest tenor for a TBill is 364 Days while the shortest for the Bond is 2 years in the case of the FGN savings bond.

Bottom line

Regardless of the yield your investment strategy matters, do you want to go long with your asset or you are holding a short position.

onegentleguy:



@ Sir Spenca, aside the advise from other Ogas here, U may also wish to try out @stanbicibtcstockbrokers.
...an investment banker friend once told me that those guys are experts in handling matters of that nature.

Good luck to u dear.

Many thanks boss

Manonamission:


Could be a long process depending on the circumstances surrounding the relative's death. If the death is Intestate (death without a will), then you have to go through the Probate courts.

Well, you can approach the registrars for more information of what is required not what was held by the deceived relative though. They are not permitted by law to give you any info concerning the deceased holdings until you a letter of administration from the courts.

Your broker can also guide you through the process, probably for a fee.

Many thanks

ZikkyChops:




Go to MERISTEM REGISTRAR.
they'll help you solve all the issues

Many thanks

Please does anyone know the process to transfer or sell the shares and proceeds of a dead relative?

godzwilla:


Haaaa, my oga......your matter sef na wa ooooo....Na which u dey ask for that time

Pro beat 2 . Money wa you suppose collect clean mouth , you just de long thing

lowkey28:


There's no upfront payment for that one... We need upfront payment.

Maintain the relationship with your Tbills sir/ma

chrisbaxtian:



don't be deceived, the cost of living in Ibadan is not cheap

well you are right but not as costly as lagos though

hanha bros, you never gree sell this thing to me ?

lowkey28:


Which one is placement again. Please throw more light.. The 14-16% seems

bank placement (Fixed deposit) i mean

.

swilo:


Diamond riding on the goodwill of FCMB and Fidelity.

It doesnt matter as far as we reach destination on time

jidobaba:
! On the Secondary market?

it is not TB but placement

Banks are trying to take advantage of the slope of the rates to increase their placement. If you prefer that option you can check various banks, i heard skye is offering as high as 14-16% on 2-10 million. Please this is only for information purpose.

kuntash:
This is clealy as a result of what I deposited on Monday ...

results were released before monday so it has nothing to do with your kobo

ogbeni Bicci Alli kicking tax defaulters

Chioma don affect chidinma

laptopsale:
your location pls

Ebute Metta West

All those changes made to the vehicle has reduced the value

IF you can deliver i will pay for it this weekend

locodemy:
chai so the bull has to be sighted just like the way muslims sight the moon for ramadaam.........
@currentprice..........what do you see?

once moon is sighted the bear emerges

.

phemmie06:

You can use it as a corner piece

this diamond is becoming stone in pesin portfolio o

moemindz:
Kindly assist

I got treasury bills worth 100, 000 naira from UBA this afternoon @9. 5% rate.

i got debitted about 97, 321 naira that is a profit of only about 2, 700. i was expecting about 9, 500 profit.

please help me with how the interest is calculated...

what is the tenor ?

Kolping:
Preferably FGN Savings Bond

http://www.dmo.gov.ng/fgn-bonds/savings-bond

this is not really a liquid instrument. Itis best for someone who wants to put their cash away for a while , rates for the last savings bond was in the environment of 10-11% coupon as well

FBN enter market with their bear aura

Osahon7:
Please this reduced rates of TB, is there any hope of it coming back to normal soon?

Primary market rate should settle around 11-12% rate by q3'18 but those days of jumbo 16-20% are gone for now .