needful:


My Brother indemnity no work oooo..

ukay2:
A beg......

Madam Needful and Oga Zamirikpo. ...

Make we no de quarrel. .....a beg

I no se all of una be big Madam and Ogas for una house and office. ..

We are here to make money. ....helping ourselves

This life too sweet to be quarrelling. ......

A merry heart is medicine ......

We are BNSITL. ....brothers and sisters in the Lord...

needful:


My Brother indemnity no work oooo..

chloride6:


Old enough to know that high interest rates were strangling our economy..

American Citizens work hard for their money and their TBills rate is 1.5%

In Japan and Europe it's worse, their interest rates are negative..

isangjohnson:
Somebody suggested he shouldn't drop the cash with FMBN but should rather log in the cash in FGN Savings bond for 3yrs.

isangjohnson:
GURUS IN THE HOUSE PLEASE HELP ME IN THIS ANALYSIS.
My brother bought 3bedroom apartments from Federal Mortgage Bank at 9.2m. 10% equity paid leaving a balance of 8.280m. This will be deducted from his salary starting from January next year. He has 20yrs left in the service.
The young man is totally confused now.
First, he is planning to invest 4m in Tb, roll it over for 3yrs or 4, use whatever will come out, add it to whatever must have been deducted from his salary for the same period and pay off the loan.
Second, he is planning to drop the 4m and subsequent savings with FMBN to reduce the balance as well as what will be deducted from his salary.
9.2m with mortgage calculator gave me 14.2m @ #711,840 a yr for 20yrs and 12.5m @ #838,452 a yr for 15yrs.
Should he drops the money with FMBN to reduce what will be deducted from his salary or he should rather invest the money in Tb, roll it over and add to what will deducted at the end of 3 to 4 yrs and pay off the loan?

DaBogu:
I think I will go with the advice above meanwhile wait for the ogas make them come put mouth for the matter.

purleesh:


How about breaking the sum then?

isangjohnson:
Please my brother needs an advice.
He bought three bedroom apartments from Federal Mortgage Bank of Nigeria at 9.2m. Ten percent equity of #920,000 paid and offer letter given. The balance of the money is to be deducted from his salary starting from January next year. He has twenty years left in the service. Amount to be deducted is yet unknown to him. He is planning to deposit 4m with FMBN to reduce the balance as well as the amount to be deducted.
He was equally thinking of suspending the plan especially now that he's yet to know the amount that will be deducted and rather invest the cash in Tb.
From my calculations using Mortgage Calculator, 20yrs tenor will be 14.2m @ #711,840 a year while 15yrs tenor will be 12.5m @ #838,452 a year to complete the payment.
The question is, dropping 4m with FMBN to reduce the balance of what will be deducted and investing the same amount in Tb, which one pays more?

TotoNaRubber:
TBills rate will go up, Lagos state just presented their budget of N1.16 TRILLION NAIRA.

Kano state - 197 Billion naira.
Others to follow.....

isangjohnson:
GURUS IN THE HOUSE PLEASE HELP ME IN THIS ANALYSIS.
My brother bought 3bedroom apartments from Federal Mortgage Bank at 9.2m. 10% equity paid leaving a balance of 8.280m. This will be deducted from his salary starting from January next year. He has 20yrs left in the service.
The young man is totally confused now.
First, he is planning to invest 4m in Tb, roll it over for 3yrs or 4, use whatever will come out, add it to whatever must have been deducted from his salary for the same period and pay off the loan.
Second, he is planning to drop the 4m and subsequent savings with FMBN to reduce the balance as well as what will be deducted from his salary.
9.2m with mortgage calculator gave me 14.2m @ #711,840 a yr for 20yrs and 12.5m @ #838,452 a yr for 15yrs.
Should he drops the money with FMBN to reduce what will be deducted from his salary or he should rather invest the money in Tb, roll it over and add to what will deducted at the end of 3 to 4 yrs and pay off the loan?

zamirikpo:


My Bad, I definitely didn't mean every women.

Thanks for ur maturity....it speaks volumes on ur personality, Unlike some olodo we have here.

isangjohnson:
[quote author.

There are two classes of FMBN loan I know of.
The one you will apply for the liquid cash and the one already built apartments will be given to you.
In all the two, I believe the condition is that you must be a contributor to NHF.
I'm told the rate is always flat and that's 6%.

igbizen:

Go and sit down. The tough business atmosphere in Nigeria is what is struggling the economy- imagine my wife paying four types of taxes - she is considering pulling out her funds to do Tbills now. Instead for CBN to advise govt to make the country business friendly, he is there giving wrong analysis. I can bet that people will still prefer to leave their money in ordinary savings than to put it in this “shit-hole real economy”

Iamzik:


Don't mind that chloride6

He was already jubilating that Tbills sales have been cancelled. He thinks it's awoof money for an interest rate that barely equals the current inflation rate.

Some people here need serious financial lessons. Leaving your money in Savings is okdskool. Putting your fund in Bonds or Tbills is mainly to hedge against inflation but what do I know? We also play in the real sector but you got to have some short term money market investments to maintain liquidity

chloride6:




Emefiele has really dealt with people..

You guys dont seems to understand what this thing is doing to the economy sha.

Let me put it in perspective for you.

If

you have N2bn and you invest it in Tbills at 14% yield, you will get N280m without lifting a finger..

Interest rate of 14% with inflation rate of 11.5%. that's a real return of 2.5%. Government uses NTB to fund it's recurrent expenditure - salaries, vendors, contractors etc. Stop being ignorant. Perhaps you're merely trolling.

Because of your less than N50m in T Bill's you want interest rates to be high.. [i]interest rates are high because inflation is high
[/i]
T Bill's corrupted everyone and made us lazy..

Some banks just forgot about loans and focused on treasury.. as [i]the economic terrain is difficult no thanks to faulty govt policies. Should they incur losses by lending to folks who cannot pay back?
[/i]
Zenith bank was making N400bn after tax just from T Bill's... And so? Why did the government not put policies in place to reduce risk?

Infact you are more likely to get a loan from Citi Bank than you are from Zenith Bank... False

High Interest Rates made your pension managers lazy.
False. Until recently they were mandated to invest a huge chunk in fixed income securities. Have you been living under a rock?

They refused to buy equities just because bills were crazy high..

Now everyone will go and look for alpha..

The smart one are already looking at good stock picks so that when the nearly 1.5 trillion of Pension funds mature come Nov/Dec and flows into Equities they can make some change..

Change is inevitable and change is here..

Let's all get used to it..

chloride6:




Emefiele has really dealt with people..

You guys dont seems to understand what this thing is doing to the economy sha.

Let me put it in perspective for you.

If you have N2bn and you invest it in Tbills at 14% yield, you will get N280m without lifting a finger..

So why would you create businesses and jobs?

Because of your less than N50m in T Bill's you want interest rates to be high..

T Bill's corrupted everyone and made us lazy..

Some banks just forgot about loans and focused on treasury..

Zenith bank was making N400bn after tax just from T Bill's...

Infact you are more likely to get a loan from Citi Bank than you are from Zenith Bank...

High Interest Rates made your pension managers lazy.

They refused to buy equities just because bills were crazy high..

Now everyone will go and look for alpha..

The smart one are already looking at good stock picks so that when the nearly 1.5 trillion of Pension funds mature come Nov/Dec and flows into Equities they can make some change..

Change is inevitable and change is here..

Let's all get used to it..

freeman67:


I tried to look for the sense you were trying hard to make in this but I didn't see any. If what you see is what the central bank governor sees and still decide to restrict individual, and local corporate investors from investing in OMO then he needs to check himself and his team too because the very Zenith bank you used as example or any other bank for that matter are welcome to invest in OMO thereby being the only entity apart from foreigners/foreign corporates that can invest. How then will they want to lend money to businesses now?

Banks that have all the facilities to track and receive back loan when given if they actually want to should invest in OMO then individuals who neither have the skills the to nor retrieve back their funds should either lend out their funds or invest in imaginary economy.

You want fund managers to invest in stock market alone where there is no guarantee of their fund. Companies like Ocean and Oil stock came down to about N20-25 per share around 2013 after 7 years it's trading about N3.50 with no reasonable devidend since then. If any fund manager is heavily invested in it what are they to tell the person/people they are to manage the funds for?