ahiboilandgas:
uba of all banks called me that i quality for 4m naira customer loan without visting the bank ...payments is 164 k over 36 months

That's 47.6% over the space of 3years!

ahiboilandgas:
invest or abandon...

Philip Odozua is the former MD of UBA before he retired recently. Nova is new and difficult to vouch for them except for the person of Philip.

I guess these guys have been eyeing the oversubscription of government securities at an abysmal rate and are ready to mop it up.

Please what's the meaning of unsecured bonds and investment in long term risk assets

Salliet:


Philip Odozua is the former MD of UBA before he retired recently. Nova is new and difficult to vouch for them except for the person of Philip.

I guess these guys have been eyeing the oversubscription of government securities at an abysmal rate and are ready to mop it up.

Please what's the meaning of unsecured bonds and investment in long term risk assets

it can be call of b4 time

rationalmind:


How come Zenith has not offered me a loan na. Maybe the salary entering the account every month is too small or because I almost never leave the money there.

The banks use several parameters to determine what you are qualified for. So if your salary is always 'vanishing 30 minutes' after it is paid, the amount you are qualified for will likely be too small to waste time sending you an sms or email.

Salliet:


Philip Odozua is the former MD of UBA before he retired recently. Nova is new and difficult to vouch for them except for the person of Philip.

I guess these guys have been eyeing the oversubscription of government securities at an abysmal rate and are ready to mop it up.

Please what's the meaning of unsecured bonds and investment in long term risk assets

It means they can pay you back before maturity, unlike FG bonds that will run till maturity.

That means if the current bond is to run for 10 years at 12%, if interest rates should come down to 6% they can hurriedly pay up the old Investors and offer another bond which they will pay Investors the current rate of 6%.

Unlike FG bonds of 30 years at 16.5% offered about 3 years ago, FG will continue to pay for till maturity.

I missed the FG bonds at 16.5%, I was busy buying 364 days Treasury Bills

Brainbox0806:


But will you be naive enough to share with your civil servant friend your race to hit 1 billion naira as you freely share and remind us here or the multimillion bond you are planning to buy? Close your eyes as if you are dead, then imagine how many people will shed real tears. If only people leave a EAR behind after saying goodbye to a friend or family then you will realise who is who to you. Bro love everyone but trust no one, kapish !

That's interesting

I think the mentality that is pervasive in Nigeria is insidious and fundamentally destructive
I think that's the problem

That's why we have these many many issues of envy and all that stuff that has been discussed in the last two or so pages



As much as one wants to be liberal

Let's not forget that we are in NIGERIA/AFRICA.

The mentality issues are a real thing and a real problem

emmanuelewumi:



It means they can pay you back before maturity, unlike FG bonds that will run till maturity.

That means if the current bond is to run for 10 years at 12%, if interest rates should come down to 6% they can hurriedly pay up the old Investors and offer another bond which they will pay Investors the current rate of 6%.

Unlike FG bonds of 30 years at 16.5% offered about 3 years ago, FG will continue to pay for till maturity.

I missed the FG bonds at 16.5%, I was busy buying 364 days Treasury Bills

Sir, your really putting serious interest in bonds......

NL1960:


The banks use several parameters to determine what you are qualified for. So if your salary is always 'vanishing 30 minutes' after it is paid, the amount you are qualified for will likely be too small to waste time sending you an sms or email.

Not sure it has ever stayed up to 30 minutes in that account. I like to think that my ATM/account one way or the other could be compromised so once the money enters, I move 70-80% to mf and survive with the remaining till the month ends.

That way, if anything happens to whatever is left, I won't lose nuch sleep over it.

janga:
Please who have idea when Federal Govt will issue a fresh Federal Govt Bond “not the re-opening one” and also for the next Sukuk Bond.

Anybody?

NL1960:


The banks use several parameters to determine what you are qualified for. So if your salary is always 'vanishing 30 minutes' after it is paid, the amount you are qualified for will likely be too small to waste time sending you an sms or email.

Funny thing is that someone whose salary "vanishes in 30 minutes" needs the loan more than someone who hardly touch his salary.

It is supposed to be based on how much salary received and how long that salary level has been coming in because after all the monthly deductions are automatic, they take their own first.

rationalmind:


Not sure it has ever stayed up to 30 minutes in that account. I like to think that my ATM/account one way or the other could be compromised so once the money enters, I move 70-80% to mf and survive with the remaining till the month end.

That way, if anything happens to whatever is left, I won't lose nuch sleep over it.

Very reasonable, why keep it when you can make some returns on it in the mean time. I dump mine in stocks. I am building my stock portfolio.

cirtapoyat:


Feeling inadequate because he doesn't have a boy? But why are people like this? What of those who don't have even a child? Well I guess he would have preferred to be childless. People are soooo ungrateful. People pay millions and go through pains to get a child. If you so need a boy badly why not adopt. Well such a person will still feel inadequate sha.

I don't want to sound sexist here or deviate from d topic but if you go back in time and study the creation of man according to each legend (The Christian perspective, Panku, Nono and Oboli, Oduduwa and co)

You will agree with me that there are lots of benefit in having a male child.

In a perfect world, d sex of a child won't matter, but we ain't in a perfect world.

good morning all,
has anyone invested in treasury bills lately.
Thank you

mumayo:
good morning all,
has anyone invested in treasury bills lately.
Thank you

I have not bought Treasury Bills in 2020

ukay2:


Sir, your really putting serious interest in bonds......

We learn everyday I thought why buying bonds at 16.5%, when I was getting 18% from Treasury Bills


N10 million invested would have earned a total coupon of N48.6 million if held till maturity

CsRockefeller:


I don't want to sound sexist here or deviate from d topic but if you go back in time and study the creation of man according to each legend (The Christian perspective, Panku, Nono and Oboli, Oduduwa and co)

You will agree with me that there are lots of benefit in having a male child.

In a perfect world, d sex of a child won't matter, but we ain't in a perfect world.

A) Ensures ur family name lives on.

B) Ensures ur wealth, inherited or not, stays in the family.

C) Ensure a potential and financial backup in ur later years.

D) Recognition from people who care about such things.

janga:
Please who have idea when Federal Govt will issue a fresh Federal Govt Bond “not the re-opening one” and also for the next Sukuk Bond.

Look out for DMO calendar for Q3 to know about FGN Bond. Hopefully it should be out by this week or next week. No idea about next sukuk.

ositadima1:


A) Ensures ur family name lives on.

B) Ensures ur wealth, inherited or not, stays in the family.

C) Ensure a potential and financial backup in ur later years.

D) Recognition from people who care about such things.

really in Africa i think ....dangote has only daughters and her name is still fatima dangote Added to the husband name ....his mum is hajia maria dantatta she didnt move to Dangote cos dantata was richer then ....rich daughters now add their family names to their new name and ensure they stay within their wealth brackets

ahiboilandgas:
really in Africa i think ....dangote has only daughters and her name is still fatima dangote Added to the husband name ....his mum is hajia maria dantatta she didnt move to Dangote cos dantata was richer then ....rich daughters now add their family names to their new name and ensure they stay within their wealth brackets

Don't you think Dangote needs a son? Just 2 daughters and he has retired from having more children.

He is not behaving like a typical Nigerian big man at all

emmanuelewumi:




Don't you think Dangote needs a son? Just 2 daughters and he has retired from having more children.

He is not behaving like a typical Nigerian big man at all

it wouldn't be bad for him to have a son ....he has 3 daughter not 2 ...the first is not very know she married to the owner of dantata and sawoe .....he very strange for a African/ hausa man unmarried /divorceed at 62 ....the other billionaire also divorceed b.u.a cement he not married two of them ...the late father of b.u.a cement had around 9 wives and 47 kids ....it was allege that he asked b.u.a chairman why him and Dangote both dollar billionares and not married .....he was forced by the father (also a billionare and cleric) to remarry ...but he divorced the wife after the father death....

ahiboilandgas:
it happen the first time my business partner and friend visited my new house he was looking sad/envy i dont know which ....he was dazed and start subconsciously ranting that he made mistakes of not buying land..he even my senior by age by 10 years ..he was still renting and have several cars ....so i encourage him he saved and we bought land in same neighbourhood and i stood as guarantor for the balance which he paid....after 2 years he was able to complete it and moved in ....but he recently vistied me again and was still admiring/envying /wishing he was in phase 1 of the gra compared to phase 3 where he built...funny enough i bough the land 8 years b4 i meet him .....he make around 1m monthly since 2010 ...but he has this bad energy ....he has a bmw and pougeut but he keep asking me to sell my honda 2015 to him

If I were you, i would cut him off completely. I had a friend like that some years back I could vouch for her 100% because she was extremely religious, I never knew she was just a smooth operator, two years ago God exposed her beyond my expectations. Watch closely People with envy can kill without remedy.

They non want woman wahala I guess

ahiboilandgas:
it wouldn't be bad for him to have a son ....he has 3 daughter not 2 ...the first is not very know she married to the owner of dantata and sawoe .....he very strange for a African/ hausa man unmarried /divorceed at 62 ....the other billionaire also divorceed b.u.a cement he not married two of them ...the late father of b.u.a cement had around 9 wives and 47 kids ....it was allege that he asked b.u.a chairman why him and Dangote both dollar billionares and not married .....he was forced by the father (also a billionare and cleric) to remarry ...but he divorced the wife after the father death....

ojesymsym:
They non want woman wahala I guess

I guess they opted for contract marriage, renewable every year

Sholapey:
If I were you, i would cut him off completely. I had a friend like that some years back I could vouch for her 100% because she was extremely religious, I never knew she was just a smooth operator, two years ago God exposed her beyond my expectations. Watch closely People with envy can kill without remedy.

Better Ma....

Hello Investors,

Please what's the best platform to save for just 4 months with good return? It's more like a target savings. Can I invest in mutual funds etc. And withdraw 99% of after 4 months? I need a secured investment

Sholapey:
If I were you, i would cut him off completely. I had a friend like that some years back I could vouch for her 100% because she was extremely religious, I never knew she was just a smooth operator, two years ago God exposed her beyond my expectations. Watch closely People with envy can kill without remedy.

i slow down funny enough we where staying in same house 10 years ago he was occupying the master bedroom and me the single room ,he was controlling over 90 trucks while me 14 trucks ...he was living large and had shoes collections of over 5m ....so i didnt expect evny from him he was my senior by 15 years ...i was a bit conservative i so saved and invested ...i also done hunderd of business transcation with him and him taking the larger share ...he bought a car for me dash in 2004(850k ) ..he i was suprised at his bad energy .....i later studied him well he didn't want any of us to be above him financially and wanted to alway be the giver/chiarman .....his cousin that when from rich to broke he was supporting steady ..sold his house for 180m ....suprisely he not happy and kept telling me the house is not wort 180m and his cousin will squander the money...

It doesn't sound in this case to be a serious one. I think the older guy is using Ahib as a form of motivator. As a younger version of who he could have been.
It does not sound like a destructive form of envy but as a reality check and personal regret of his choices in life. That is how I read this particular case.

Sholapey:
If I were you, i would cut him off completely. I had a friend like that some years back I could vouch for her 100% because she was extremely religious, I never knew she was just a smooth operator, two years ago God exposed her beyond my expectations. Watch closely People with envy can kill without remedy.

Not that he didn't want me to make money but it must be with him or not above him ...example i was recently contracted to move 10 containers of recycle plastics from abuja to istanbul (Turkey) so i give they job to friend that normally exports to Australia....my friend was angry ..that i have directed the job to him then him to the 3 guy that will do the job ....that all monies should be paid to his company....he has only tankers oooh..... a friend that run a bdc recently had some Indian cleints and made some money and bought a house in abuja and rented out ...so i was happy i inform my elder friend cos he also his mutaul friend ....next statement was he i should tell him to link me up with his cleints or i should suspend the friendship....i was speceless...he even called to ask if i asked the guy ...

ojesymsym:
It doesn't sound in this case to be a serious one. I think the older guy is using Ahib as a form of motivator. As a younger version of who he could have been.
It does not sound like a destructive form of envy but as a reality check and personal regret of his choices in life. That is how I read this particular case.

if i buy a 2018 benz today and show him he will say whaoo nice ....i will buy a 2020 my bmw 2016 is old now ... .

ositadima1:


Funny thing is that someone whose salary "vanishes in 30 minutes" needs the loan more than someone who hardly touch his salary.

It is supposed to be based on how much salary received and how long that salary level has been coming in because after all the monthly deductions are automatic, they take their own first.

It is not an emotional thing of who needs the loan the most. It is a business decision and there is no emotions in business.

The vanishing might be that it is moved out to other accounts in other banks. Do not forget that the bank knows where every transfer made goes to. So why should a bank send you an sms or email when they do not even have an amount to work with?.

Look at this example:

Balance at start of day: N1,000.00

Salary Inflow: N100,000.00

Outflow: N100,000.00

Balance at close of day: N1,000.00

Net change: Balance at close of day - Balance at start of day = N1,000.00 - N1,000.00 = 0

Loan amount to be given: = Net change * parameter1 * parameter2 * parameterN = 0 *parameter1 * parameter2 * parameterN = N0.

So you want the bank to send an sms alert or email to the customer that he/she is due for a loan of N0?.

ahiboilandgas:
i slow down funny enough we where staying in same house 10 years ago he was occupying the master bedroom and me the single room ,he was controlling over 90 trucks while me 14 trucks ...he was living large and had shoes collections of over 5m ....so i didnt expect evny from him he was my senior by 15 years ...i was a bit conservative i so saved and invested ...i also done hunderd of business transcation with him and him taking the larger share ...he bought a car for me dash in 2004(850k ) ..he i was suprised at his bad energy .....i later studied him well he didn't want any of us to be above him financially and wanted to alway be the giver/chiarman .....his cousin that when from rich to broke he was supporting steady ..sold his house for 180m ....suprisely he not happy and kept telling me the house is not wort 180m and his cousin will squander the money...

Some people are like that, they give when you're below them but surprisingly become your hidden enemy when you're doing better than them. You can't change their mindset because of the spirit of limitation in them. Adjust, don't say or show them what they hate to see or hear.

Barrytone:


I stated I took permission from him before commencing Tbills. I update him the progress. we meet almost everyday am in town. man know thyself, I believe I know myself. he is a human but a better version. [b]always read people [/b]and know when they are changing. I am a social engineer by style, I combine engineering laws to social. you should always know when someone is changing or doesn't care about you. as a chemical engr, I react to people and situations. I don't even trust myself as I can respond in a way I will be shocked later, it all depends on what am seeing ahead. shadow effect keeps people in check, learn it.

Naive is the words, no wonder you couldn't catch promptly the sarcasm in @emmanuelewumi earlier post about the guy that advertise his business proposal. Only God knows human mind, may God be with you and see us all through the journey of life.