₦airaland Forum

Of course, this can only be from Stanbic.

Jetline:
Yes, I got it from Stanbic IBTC bank- secondary market offer

At which bank did you get this from, is it Stanbic?

Jetline:
I got 280 Days for 19% today at the secondary market.

It depends on the bank and available rates. I've always held my investment to full term.

Ivan18888888888:
Thanks for the clarification…

Pls In percentage terms, what kind of spread usually exists between buying T-bills at primary rate versus secondary market rates ?

Create a drive, upload the material there, and provide the link publicly here for interested persons to access it if you're truly trying to help them.

ezenwaez:
I have it.

My brother got an invite to choose his test location in the late hours of this morning. Have you been invited?

aipheee:
So no one has received any thing concerning "integrity Engineer"

Exactly! You know how farms operate. You're not just a digital farmer/business person. You nailed it, I saw your response after I posted mine.

ositadima1:
I admit I didn't listen to the interview prior to my comment, but my point still stands: it is possible. My argument hinges on possibility. Here is why:


This scenario, where a palm farm capitalizes the palm trees and the buyers bear the cost of harvesting the fruits. Let's break down;

1. Capitalization of Palm Trees (Bearer Plants):

Under accounting standards like IAS 16 (Property, Plant, and Equipment) and amendments to IAS 41 (Agriculture), mature palm trees are generally classified as bearer plants.

Bearer plants are treated like fixed assets (like machinery in a factory). Their costs (planting, development until maturity) are capitalized on the balance sheet, and then depreciated over their useful life. This depreciation is an operating expense, not a cost of sales.

The fruits themselves (Fresh Fruit Bunches - FFB) are the agricultural produce. Under IAS 41, at the point of harvest, the FFB are measured at their fair value less costs to sell. This fair value then generally becomes the cost of the inventory of FFB. (Normal Case)

2. Buyers Bearing Harvesting Costs:
This is the critical element. If the contract with the buyer explicitly states that:

The buyer is responsible for sending their own labor and equipment to the farm to harvest the palm fruits.

The buyer bears all direct costs associated with this harvesting (labor, fuel, transportation from the field to their trucks).

The farm essentially sells the "standing crop" or the "right to harvest" the fruits on its trees.

In this situation, the farm's revenue comes from the sale of the fruits, but the direct cost of harvesting those specific fruits is not incurred by the farm.


Therefore, the farm would have:
1. Revenue: From the sale of palm fruits.
2. Zero Cost of Sales (for direct harvesting): Because the direct costs of harvesting were borne by the buyer.
3. Operating Costs: The farm would still incur significant operating costs related to maintaining the plantation.

Depending on their arrangement and the off-taker agreement, the buyer may purchase the bunches on the tree and harvest them at their own convenience once granted access to the plantation. This is a common practice in the agricultural sector, particularly for crops like plantains, bananas, oranges, and mangoes. I'm only considering the possibilities, as we cannot outright dismiss their claim as false without further evidence.

HesInMe:
Na Almighty God drop the FFB for Ellah like manna from heaven?

Yeah. They still recorded some losses—so the issue might be with their cost allocation. I’m just playing devil’s advocate here.

emmanuelewumi:
Which will give a gross margin of 100%

Again, I’m not holding brief for the company—they could be fraudulent for all I care—but it’s possible. Kind of like buyers showing up to purchase FFB right at the farm gate.

emmanuelewumi:
They don't understand the meaning of cost of sale

I’m not making excuses for him, but to clarify—he said "our land bank," not "land banking." From the context, I believe he was referring to their land assets.

Agbalowomeri:
When you see a smooth talker saying "hopefully", "in a couple of weeks" etc
He even talk land banking. Well at least dem get 400 pigs. Abeg how much be one pig for market? Na wetin shareholders go share be that when they file for bankruptcy Beacon don land

I agree, but he should go and hold the interview inside the palm plantation then.

Panadee:
Farming not fashion

I am DBanj of course!

KarlTom:
You're not nice.
I saw it and laughed out loud

Farm gate sales, I guess.

Panadee:
No cost of sales? Is that possible?

It's the guy's tie for me Who knotted that rope for him?

nosa2:

https://www.youtube.com/watch?v=nlJZtZbK8IE

Ellah Lakes interview is out.

This one have entered the stratosphere.

Bitter sweet moment for me

I think that belong to the family of the late Tony Anenih, the former PDP BOT guy.

GeeKudi:
There is this blossoming palm plantation on the Ore Benin expressway. That thing is massive and it is young. You drive several minutes and you're still within its viscinity. I do not know who the owner is oo but I use that road almost every forthnight.

Go check records in Michigan. While you cry about an alleged druggy presido ... Some governors did more than what you're focusing on. IYKYK.

That's the approximate primary market rate, according to the last auction results that you uploaded. Most banks' secondary market rates will be lower than that. I think Stanbic IBTC has one of the best secondary market rates available. GTBank is dwindling in their services, I'll advise you to avoid them if possible.

Ivan18888888888:
Thanks so much for the response and getting back to me.
Pls Which banks offer the 19.4% rate? I’d like to spread the funds and not use just one bank.
Also, can I reinvest the ₦9.5 million?

You'd receive approximately N9.7M (N50M * 0.194), less fees and charges, at the time of investment. The true yield is 24.5%, representing your total gain or profit on the principal when you reinvest the paid interest immediately upon receipt.

Ivan18888888888:
So pls going by this


If I decide to invest 50 million annually

How much will be my profit then

I keep seeing 19.4% and 24.5% here , I am kinda confuse

In your village?

pek:
Is this news? For years visa fee has been $185

Where will the leaders come from? Wanna ship 'em in from China or Germany? For as long as you have a bad crop of followership in a democracy, that ain't happening.

PlanetZero:
Lmaoo

You don't clean the people. You get the right leadership. Then leadership will do the job. What Nigerians has not gotten right is the right leadership

The conman/criminal probably came to conduct surveillance in preparation for the next operation. Lol

Dumb as your moniker sounds!

Dum20:
With all your high IQ, the best you can do is to be spamming an investement thread for days now just to prove what? You are among the top people in the US and you have time to be arguing like a woman in an investment group.

Carry that your high IQ and enter studio with Davido lets see what it will translate to or enter pitch with Osimehm, let us see how well you will perform.

You have a doctorate degree, you are in the US and here arguing like a child to prove that you are right. Arguing with people of low IQ.

You high IQ tells you that you can change the low IQ to high IQ?

In your world people like Sabinus will die of hunger and would not be worthy to be in your presence.

In case you comment was directed at me, I am not one of the people who left Nigeria and start criticizing the system, rather we've been speaking the bitter truth to people like like you before we departed decades ago.

And regarding your comment about someone saying his monthly salary can feed him, could you reveal to everyone the several bragging utterances the person you're defending spewed before he was put dead in his place with the factual statement? People like you will pervert a narrative just to deceive the gullibles and whip sympathy for your backward cause, just as politicians have mastered.

Dum20:
But you guys were the ones calling him out and making comments that sounded strange.

Someone said his one month salary would feed Streetinvestor for a whole year. The person needed to be put in his place.
Same for people that leave nigeria and start seeing Nigerians as dumb.

You said importers were to be blamed?

You fail to see they thrived on the failure of the government to provide solutions.

So people that import generators, solar power are destroying the country? Nigerians should wait for the governemnt to provide 24 hours power supply?

Importers thrive when there is a gap to be filled. Nature abhors vacuum.

If the textile industry were producing high quality products at affordable rates, the importers will go out of market and would not have a bussiness to do.

Same applies in all industries.

Ignore, ignore, ignore! I guess you have time.

RodgersAkpafu:
I was paid "few thousands"

you must think every banker is a teller lol

They most probably won't reach a dissenting conclusion if they are sincerely objective. The first step to solving a problem is to realize and admit that you have one. The next step is to discuss it to brainstorm solution ideas. The final phase is implementing the pragmatic and feasible solution choices.

RodgersAkpafu:
Well,
African researchers could do theirs as well and let's compare empirical findings
That was my point sha

Shut up. You were probably washing toilets in whatever abroad you claim to have resided. But anyway, I have many becoming responses for your type, but it will be a waste of my precious time to engage with you on this. Stop mentioning my moniker. High-IQ individuals won't take offense when a fact like this is shared, only low-IQ individuals like you do.

GeeKudi:
If I may ask, what exactly are you doing here in the midst of these low IQ people? They keep cautioning you to stop denigrating people based on location, but you keep doubling down on it.

The abroad that is turning your head, some of us willingly gave up living abroad because we just want to be home! Doctorate? Do you want people here to start showing you their certificates?
Please, be humble and stop derailing this thread!

It's not difficult to see when an ignorant person is talking, so you don't have to waste your time disabusing his mind. The research was conducted by a British institution, yet they show that Japanese and Chinese generally have higher IQ than Europeans, including the British. Where is then the bias in that publication? Yes, racial bias exists, and I'm known to fight against it wherever I am, but it is not always the case, as evident in this case.

RodgersAkpafu:
Your sentiment MIGHT be a good rebuttal
It's oyinbo research
Most definitely it could contain bias

The question then becomes
Where are our own research to counter this ?
Have we written papers to clear up the lie of eugenics ?

Stop constituting nuisance to me and everyone here--stop quoting me. Go school, you won't listen. I know to you, Southeast Asians like Japan and China are White ( "oyinbo" ) people. LMAO. Continue your bliss, but don't bring it near me again--you belong to the streets, not where intellectual conversations are held. Back to the abyss you came from.

Streetinvestor2:
You really need serious prayer. The rubbish statistics you are quoting is comings from onyibo man research and what did you expect to be the conclusion. You be big minus I swear.

"The mean national IQ of Nigeria is 67.80. See page 131 of Richard Lynn & David Becker (2019). The Intelligence of Nations. Ulster Institute for Social Research, London GB ISBN 9780993000157.

This mean IQ is very low and is even below the mean of 70 for sub-Saharan Africa.

Nations in North America and Western Europe have means from about 97 to 101. Japan, China, and N. Korea have means of about 105."

The summary of your problem is that you just have access to a cheap phone and internet but don't have comprehension skills. Even when all the evidence are in your plain sight you are too blind to see. I won't engage you any further because doing so is dignifying your ignorance. I won't engage in a show of shame with you.

Streetinvestor2:
When a teenager talks you can always decode.
1.Your moniker is to make people believe you have arrived and show-off the yr u went to usa.which is not even long.

2. You said when I save enough I could vist usa.That shows you and your family must have gone through alot financially to have saved to send you to usa .The only saving I know is buy land and stock for over 20 yr...lol

3.At this level if you are still referring to monthly pay slip to someone like me who is calculating in daily income makes you and I far apart oh.That means your journey is still very far

4.The idea of puting boy in your conversation to me and others tells you are trying to convince yourself to be old.It is line played by adult children.

5.University degree is not a big deal to someone like me.I have seen Prof that have nothing to offer outside academic qualifications. And having a doctorate degree is not big deal for people from your region mostly if you are from ekiti state. That I know because I was in oau for 2 yrs.The truth is that those making waves in finance world today don't even have those qualifications.

6 A high academic qualification you have not been able to use in creating anything or solving any problem

I sense my equals financially from thr line of writing. And can decode those who are still trying to beat hunger and poverty. A have no problem with that is only that some of us left that region long ago.I can not imagine some talking of salary to someone like me and my close cycle. They go burst into laughter taya

...

emmanuelewumi:
The major tool used by these merchants of hope, prosperity, breakthrough, miracle is FEAR

I also blame our people who lack critical thinking and functional education, who want short cuts.