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Politics / Re: What Is Your Take On This Ticket? Prof Osinbajo And Prof Pantami by jobark: 5:07pm On Mar 27, 2022 |
Based on pictures from the convention, it’s evident that some people are giving Prof Pantami some hope. If he doesn’t secure VP slot, He may move for Governorship |
Politics / What Is Your Take On This Ticket? Prof Osinbajo And Prof Pantami by jobark: 4:05pm On Mar 20, 2022 |
Out of curiosity what is your take on this combo Osinbajo - Professor and a Pastor - President. (Southwest Christian) Age - 65 years old Pantami- Professor or Dr ( Pending case) and a Mallam - Vice President. ( Northeast Muslim) Age - 49 years old The combination seems to play in favor to all sects and sentiments in Nigeria ( Religion, Education, Region and capacity).
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Investment / Re: Crypto Currency Investors Thread by jobark: 8:08pm On Oct 30, 2021 |
jedisco: Metaverse Facebook drama 2 Likes |
Investment / Re: Treasury Bills In Nigeria by jobark: 7:19am On Oct 20, 2021 |
jobark: Just a reminder on some ways they make money. Current rate for savings 8% per annum Fixed / lock funds rate. 10% on a plan above 3months. If you break your savings plan - 2.5% charge ( I think they make a lot of money from this) 1 Like |
Investment / Re: Treasury Bills In Nigeria by jobark: 6:14am On Oct 15, 2021 |
The last two pages have been very thought provoking and insightful I must say, very interesting debate and solid points from both angles on this argument. 7 Likes |
Investment / Re: Treasury Bills In Nigeria by jobark: 10:00am On Oct 06, 2021 |
Branch is a big fintech with global partnerships and probably A LOT of funding, it technically is not a Nigerian firm. I am aware they have a partnership with Visa (visa card). the Nigerian MD - Dayo Ademola has decent experience in the financial space (worked in Union bank and Efina). She also had an interview with Fisayo Fosudo on youtube (you may care to watch it for a detailed review) for now, the only downside is that they don't have an iOS app (iPhone users cant benefit for now) or allow people register via web. (Target market is probably Android User only) |
Investment / Re: Treasury Bills In Nigeria by jobark: 1:55pm On Oct 05, 2021 |
jobark: June to October- 497 to 570 thats 14.6% Year to date - 470 to 570 thats 21.2% |
Investment / Re: Treasury Bills In Nigeria by jobark: 10:39pm On Aug 17, 2021 |
freeman67: well i advice you check their website and also speak to them for official information. I'm sure the requirements wouldnt be beyond the usual KYC and all. 1 Like |
Investment / Re: Treasury Bills In Nigeria by jobark: 8:29pm On Aug 17, 2021 |
freeman67: Try Afrinvest, Maitama address: Oakland Centre Plot 2940, Aguiyi Ironsi Street Maitama, Abuja FCT |
Investment / Re: Treasury Bills In Nigeria by jobark: 1:00pm On Jul 22, 2021 |
Good day everyone. Currently reviewing offers from FBN Quest. 1. FBN Money Marker Fund - 9.34% 2. FBN Fixed Income Fund -11.46% For clarity, any downsides to picking the Fixed Income Fund offer?. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by jobark: 1:58pm On Jun 06, 2021 |
emmanuelewumi: hmmmmm i wonder what are the repercussions 1 Like |
Investment / Re: Treasury Bills In Nigeria by jobark: 11:49am On Jun 06, 2021 |
emmanuelewumi: They need to make updates to their fact sheet. Firstly the minimum holding period as highlighted on their website is incorrect. 90days is not applicable and I feel they should correct it so as not to mislead people. Secondly i also doubt the YTD rate as advertised. Their performance is good but slightly below what is captured for YTD performance. |
Investment / Re: Treasury Bills In Nigeria by jobark: 10:18am On Jun 06, 2021 |
LagosInter: You get to make a decent interest in comparison, The advertised rate on their website may not be updated. I think it may hover around 4.5-5%. Minimum holding period is 6months or so. The advantage here is that your dollars is appreciating at the same rate as t.bills investment that is less that 1year. So it’s sort of a win win if you don’t key into the 1year t.bill subscription. 1 Like 1 Share
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Investment / Re: Treasury Bills In Nigeria by jobark: 9:54am On Jun 06, 2021 |
First week in January 2021 I bought USD at N470. USD as at date is N497. This reflects a 5.7% appreciation. If it hovers around this rate till end of this month, thats 5.7% in 6months. Same period under review, I invested some Naira at the rate of 15% per annum for a period of 6months (7.5%). Had other investments as high at 20-30% for same period but I would not be use them as comparison. This scenario may not be an appropriate benchmark but in reality, even with devaluation, my Naira investment has performed or is at par with my USD saving. Going forward, I’ll consider having funds domiciled in USD with United capital instead of the money just seating in a bank account. 1 Like |
Investment / Re: Treasury Bills In Nigeria by jobark: 9:27am On Apr 07, 2021 |
Any possibility that this upward trend will get to double digits by the next quarter?
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Investment / Re: Treasury Bills In Nigeria by jobark: 5:27pm On Apr 03, 2021 |
freeman67: I personally didn’t have this experience when onboarding. I want to believe whatever data or information you share with the application will be safe and in accordance with data protection regulation
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Investment / Re: Treasury Bills In Nigeria by jobark: 4:26pm On Apr 03, 2021 |
davit: Rates are per annum. The app’s selling point is the convenience to allow people easily buy commercial papers, bonds and tbills with ease and less paper work. |
Investment / Re: Treasury Bills In Nigeria by jobark: 1:25pm On Apr 03, 2021 |
For people looking at very low risk investments, Union bank recently lunched the M36 App. You get to have a dedicated wallet with an actual account number And you have the options of investing in Tbills, bonds, commercial papers etc... Below are some rates as at today.
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Investment / Re: Treasury Bills In Nigeria by jobark: 4:31pm On Mar 28, 2021 |
Lazyyouth4u: The fintech in contention is what largely promoted the upload. Odunayo Eweniyi - 3rd Row, 4th from the right. Amongst others include founders of farmkart, flutterwave, paystack et all 1 Like |
Investment / Re: Treasury Bills In Nigeria by jobark: 4:08pm On Mar 28, 2021 |
Today’s daily. It’s always difficult accepting change and innovation. Do what works for you. At the end, we all strive to make progress and build our individual portfolios in ways that best suit us. 2 Likes
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Investment / Re: Treasury Bills In Nigeria by jobark: 9:52pm On Mar 27, 2021 |
emmanuelewumi: @ 8% per annum I won’t call it a party. It is somewhat conservative in comparison to other fintech / agrictech firms that range from 20% to as high as 60% per annum (this is what you call a party). This said company has existed for over 5 years and basically just operates as a modern day digital wallet to encourage savings. Over 95 Billion Naira was paid out in 2020 2 Likes |
Investment / Re: Treasury Bills In Nigeria by jobark: 8:13pm On Mar 27, 2021 |
I am not holding brief for (Piggy-vest) but we must remember that: 1. They own a Microfinance bank license (cbn regulated) 2. All funds are warehoused with a fund manager (sec regulated) 3. When people break there savings, it attracts a 2.5% charge. ( not to be mistaken with flex) 4. They serve as middle men to some agrictech companies. Easily make huge commissions ( as high as 40% of the profit ) 5. Briefly traded crypto ( buying and selling attracted charges 6. They trade currencies - you buy dollar at 490 to save and they sell back to you at 480 7. And I guess they go into various businesses or commercial agreements with different firms. All of this is not to convince anyone nor financial advice, just my 2cents on how i view the company. 5 Likes |
Investment / Re: Crypto Currency Investors Thread by jobark: 7:46pm On Feb 06, 2021 |
Interesting scenario playing out in the short run. Exchanges are currently trading at N435~$1 against N485~$1. Price of Bee-t-see going up but not reflective in terms of Naira. The price of bee-t-see at over 40k is below the naira value when it was around 38k yesterday. 1 Like |
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