₦airaland Forum

dotcomnamename:
You're right. But finding the channel(s) to diversify to is another major problem for we investors.

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%

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

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

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.

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.

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

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

lowkey28:
There's no upfront payment for that one... We need upfront payment.

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

lowkey28:
Which one is placement again. Please throw more light.. The 14-16% seems

swilo:
Diamond riding on the goodwill of FCMB and Fidelity.

jidobaba:
! On the Secondary market?

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

laptopsale:
your location pls

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

phemmie06:
You can use it as a corner piece

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...

Kolping:
Preferably FGN Savings Bond

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