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Investment › Re: Treasury Bills In Nigeria by umulobi: 5:11pm On Sep 17, 2018

kamsy4God:
Thanks so much, I will go to Firstbank early tomorrow morning (before 9am )to fill the form for 182days. Hope tomorrow is not late.

No,tomorrow will not be late

Investment › Re: Mutual Funds by umulobi: 9:35am On Sep 14, 2018

seunnuga:
P:S They have effected the correct increment

It is too late bro...decisions have been taken.I am a very experienced investor and can't tolerate such financial recklessness when there are many healthy alternatives and competitors. They should learn through the hard way.I have already pushed the exit button!

2 Likes

Investment › Re: Mutual Funds by umulobi: 3:25am On Sep 14, 2018*

[quote author=ndidigood post=71179530]l am experiencing the same thing now
About #1435 difference.

What could be the reason? I have not experienced this since I started investing in MMF.

Investment › Re: Mutual Funds by umulobi: 1:37am On Sep 14, 2018

I have noticed that my interest in stanbic MMF has reduced on two occasions instead of increase. I have sent a mail to then and they acknowledged my mails but no explanations. My question is,can one experience decrease after a day's transaction on MMF ?This is happening to my interest twice since after the sanction from CBN....

Health › Re: My Mom Has Been Diagnosed With Spinal Stenosis With Radiculopathy? by umulobi: 3:40pm On Sep 09, 2018

We bless God for healing your mum.

Investment › Re: Treasury Bills In Nigeria by umulobi: 6:27am On Aug 30, 2018

[quote author=Gavrelino123 post=70736526]good morning house..
Has GTBANK credited anyone today..?
This is very strange,up till now,no credit notice...!
And my statement it has been written off in my statement of Account...!!![/quote

You will be credited today.

Investment › Re: Treasury Bills In Nigeria by umulobi: 8:42pm On Aug 29, 2018

Barrytone:
Rates please

Car Talk › Re: 04 Es330 Lexus .CLEAN TITLE VIN:JTHBA30G545036116 1.8 by umulobi: 7:31pm On Aug 28, 2018

1.65m

Autos › Re: Sold sold...Super Clean Tokunbo 2004 Lexus ES 330 For 1.8M by umulobi: 2:10pm On Aug 28, 2018

1.65m

Investment › Re: Treasury Bills In Nigeria by umulobi: 1:52pm On Aug 28, 2018

Godspikin:
Please can I get your WhatsApp number...

Can you mentor one in this regard...

Send me a Pm

Investment › Re: Treasury Bills In Nigeria by umulobi: 7:39pm On Aug 26, 2018

murphyrichy:
Happy Sunday guys, its been long, please what's the current percentage of T-bills now. And the next auction day?

Bidding holds on 29th of this month...the rate is determined by CBN,no one is privileged to know the rate prior to bidding but one can forecast based on available indices.

Investment › Re: Treasury Bills In Nigeria by umulobi: 8:21pm On Aug 23, 2018*

Ennamdee:
Been following you bro, great insights ��.
I’ve tried reaching you via WhatsApp but no response.
Looking forward to hearing from you.

...will check my messages on WhatsApp nw.I ve been busy,sorry for late response.

Investment › Re: Treasury Bills In Nigeria by umulobi: 1:45pm On Aug 23, 2018

Ikmontana1:
hi bosses in d haus,
jus read a news abt increase in a barrel of Crude oil to $74 ..
Aw does this affect t-bills rate ??

Increase in price of crude means more money to FG because $74 is above the budgeted bench mark.Therefore, there will be more money in excess crude account. As a result of the more money available to government for spending, they may not go into borrowing more money which implies that interest rate will remain the same or even reduce.
In practical terms TB rate will remain the same or reduce as a result of spike in crude price to $74.

5 Likes

Investment › Re: Mutual Funds by umulobi: 4:18pm On Aug 22, 2018

ronnyboo:
Nice one. I also check my balance almost on a daily basis. But I noticed there was no interest added yesterday Tuesday 21st August. Is this a common occurrence? Abi market no sell or what? Who else observed this?

Yesterday and today r public holidays,the interest for the two days would be added in the morning hours of Thursday. So relax,ur fund is growing.

Investment › Re: Treasury Bills In Nigeria by umulobi: 1:03pm On Aug 22, 2018

meetchandus:
I think you need to start a thread for forex forecast and analysis. I will gladly follow you..

But to be serious, how can I be in touch when I have doubts and few questions for you?

I tapped a lot of knowledge from your comment and was very impressed...

Tnx bro...for your questions catch me on WhatsApp : +four four seven four five nine one three five one four six .

Investment › Re: Treasury Bills In Nigeria by umulobi: 9:22am On Aug 22, 2018

aremso:
oga, i double tuaile for you, u sabi the game wella and with this, you can never be poor neither will your posterity be. my focus is to make more money whether economy is rising or falling strategy is to make more money

Amen to your prayers bros.All glory to God! Whether people complain about the economy or not I still make my profits. I know when to invest or to pull out having been in the Tb game for close to a decade.Na God win...

6 Likes

Investment › Re: Treasury Bills In Nigeria by umulobi: 8:03am On Aug 22, 2018*

Johnadelaide00:
Please Gurus in the house.
In terms of value of money, which is best between maintaining funds in USD or Investing in TB

I will go practical but leave theories for now.
I changed my 10,000pounds sterling towards end of January this year when exchange rate was N500 to a pound. That gave me N5,000,000.00.I invested same @Tb @ 13.3% then for 182days giving me an interest of N331,200 approximately after deductions. I have reinvested same principal after maturity for another 182days @10.2% giving my another upfront interest of N254,000 approximately after deductions. Instead of keeping my 10,000pounds idle in my room(bearing in mind risk of theft and arson) I have made an interest of N331,200+N254,000=N585,200 which I invested in my MMF.
Now,the true value of my 10,000pounds is N5,585,200.Converting it back to pounds at the current exchange rate of N460 is 12,142pounds
Therefore, I have made additional 2,142pounds on my initial 10,000pounds plus the little change running on MMF. cool

If I had kept the 10,000pounds in my room,the true value of the money would have been N4,600,000 now. embarassed

Summary, be wise in investment, don't always follow theoretical bases;watch the economy and forecast well bf investing.In my case,I do monitor exchange rate daily, I knew rate will be highest towards January ending n beginning of February BC of rush for forex as a result of payment of school fees abroad. I watch exchange rate hit N510-N515 then started declining and I forecasted it would not rise beyond those figures.I settled for N500 the day I went for transaction and behold after that week rate started declining.I am aware there may be other risk of devaluation of our Naira,but prior to any devaluation there is always news n noise including debates about that.Another strong indicator for devaluation is falling oil prices and whenever I notice that I would terminate my investment at maturity and convert my Naira to foreign currency. shocked

33 Likes 3 Shares

Investment › Re: Treasury Bills In Nigeria by umulobi: 11:28am On Aug 18, 2018

Gavrelino123:
Bad guy....****You have said it all....***

A good investor knows when to take a latent risk and when to avoid it.#MBA703

Investment › Re: Treasury Bills In Nigeria by umulobi: 11:22am On Aug 18, 2018

ahiboilandgas:
we are happy cos of the fear factor it spikes up rates

The rate for TB may never go beyond 13% till Feb .even with fear factor. Also,remember that rate increase also affect MMF positively.

Investment › Re: Treasury Bills In Nigeria by umulobi: 11:12am On Aug 18, 2018

RealityShot:
Hello all!
As election is coming, is it better to lock down funds till after election?
Or hold in mutual fund till after?

This is a very critical question. The inputs of gurus are needed in respect of this.Our polity is heated and may still get worse in coming months, this democracy may be truncated (though we don't pray for such) considering the way things are evolving. In my opinion, locking funds in TB for more than 3months now or after February may be risky.I would prefer MMF;after all both are yielding almost same returns and because one can easily pull out should there be unforseen circumstances. #myhumbleopinion.

1 Like

Investment › Re: Treasury Bills In Nigeria by umulobi: 1:15pm On Aug 09, 2018

davit:
How soon do you get debited for secondary Market? I applied yesterday and till now not yet debited.

Your account will be debited if it hasn't.Sorry for replying late.

Investment › Re: Treasury Bills In Nigeria by umulobi: 8:06am On Aug 08, 2018

https://www.nairaland.com/4663577/cbn-may-increase-interest-rate

Politics › Re: Godswill Akpabio Visits Bola Tinubu In Abuja After Meeting With Buhari In London by umulobi: 5:09pm On Aug 06, 2018

NgeneUkwenu:
APC said in 2015 that, Akpabio needed to be investigated for money laundering while in office, PDP called a witch-hunt, clampdown on the opposition, and declared Akpabio CLEAN, The EFCC hearkened to their voices and Akpabio was given a clean bill of health.

Now Akpabio realized he has been hobnobbing with den of killers and thieves, and decided to retrace his steps and come into the progressive arms, Then PDP is now crying all over again, that APC wants to accept a bad egg into their party

The question is;

Shebi na you talk say Akpabio no dey corrupt?

why the thing dey pain you now, say APC wan grab a saint from your midst?

PDP is just a very useless party!

If your analysis is as one sided as this ....then you are more useless and myopic than PDP.QED

Investment › Re: Treasury Bills In Nigeria by umulobi: 12:39pm On Aug 02, 2018

Has any one received interest from yesterday's TB especially from FBN?

Politics › Re: Rowdy Session At The Senate Over 'Lopsided Federal Appointments' By Buhari by umulobi: 2:46pm On Jul 19, 2018*

madridguy:
PDP and their cowardly ranting

May Amadioha fire you for not seeing any fault in those lopsided appointments. May our God marginalise you in His blessings.

6 Likes 5 Shares

Investment › Re: Mutual Funds by umulobi: 7:52pm On Jul 18, 2018

Ochux01:
Not at all a scam but let me let it be.

Thanks to you all.

We can never let you be.This forum is strictly for MMF investments,no derailment. So take your bogus /Scam/Punzi advert to somewhere else.As long as you keep posting that bogus investment here, we shall continue warning the new comers about the dangers of your claims.So park well.

1 Like

Events › Re: Happy Birthday Seun Osewa by umulobi: 9:06am On Jul 17, 2018

Happy birthday Seun

1 Like

Education › Re: Is It Possible TO Graduate From A University Without A Singe Carry Over (C.O)? by umulobi: 10:41am On Jul 11, 2018

mespusinglez:
N'landers is it possible?
To Finish Without Registering even a one Carry Over?

YES,I graduated without any carry over in FUTO.I am a testimony.However,it took a very strong decision from me including denying myself so many things.

1 Like

Investment › Re: Mutual Funds by umulobi: 6:57am On Jul 10, 2018

Miders:
What is the maximum top-up amount stanbicibtc mmf allows via quickteller? Can you do fabove N1m via quicktelller?

Yes,Stanbic Ibtc MMF recently upgraded their maximum top up to N5m via quickteller.

Investment › Re: Treasury Bills In Nigeria by umulobi: 7:06pm On Jul 09, 2018

Hamthablow:
I'm a new investor in Treasury Bills.
I made request at GTbank worth of #3m on 4th of July 2018 for 91 days. Second day, I received a message from GTbank that #2,925,205.48k has been debited from my account.
Processing fee of #100 and custody related fees of #1,047.95k also deducted.
With all these analysis, how many percentage were given?

Your interest is N3,000,000-N2,925,205.48=N74,794.52 before the deductions.
Using:I=PRT/100
The rate will be:R=N74,794.52*400/N3,000,000=9.9726
The rate therefore is approximately 10%
But your actually interest after deductions is N74,794.52.-N100-N1047.95=N73,646.57.
At the maturity of your investment, you will have N3,000,000.00 credited into your account.
Hope this helps?

1 Like

Investment › Re: Mutual Funds by umulobi: 7:00am On Jul 06, 2018

Ghost01:
I'm in a similar situation: I did a Top Up last Friday - June 29 - and it is yet to reflect in my balance. I have sent two mails and logged the complaint on their website since Tuesday but I'm yet to get a reply from the Mutual Funds guys. Their SLA for replying mails is really not encouraging.

It seems these issues are coming up after the IBTC app and website maintenance. Is there anyone in the forum who has successfully top up using the app after their last week maintenance? Please,share your story so that others can learn;that's the essence of this forum.

Investment › Re: Treasury Bills In Nigeria by umulobi: 12:05pm On Jul 05, 2018

joseph1013:
I've not. Checked twice already. I use Stanbic IBTC.

First bank will credit ur account on Thursday morning without alert while Stanbic IBTC will credit your account Thursday evening with alert.So,ur alert will drop before the close of work today.

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