Buy bitcoins that's the future of money.

Mod,pls take note!

Best place / Better places

Rawdeal: Give your wife

The best option so far

majour: Safe it with me

Blame Patience Jonathan

bra

Dargreen: acc no 001356792 acc name ernest adekunle : Access bank

This might just be the mistake of your life. Hope the account is empty because Yahoo boys might help you keep the little that is left in it

folawuyo: open ur ceiling in ur room and keep it there

The poor rats might invest it by tearing it into smaller peices

Elliotwiz1: The best place to keep your money is in a bank....hiding your money under the ground is archaic !

we are not concerned with the mundanity buty its safeness

Put am inside BRA I mean komu....

If you"re working with an organization or a place that operates cooperatives for their staff....the best place will be in one of those cooperatives....you buy a meagre amount of shares and they kip it for you and you"re also able 2 make some small profit outta it;plus gives you access to loans if u"ll eva nid it @ a certain small interest unlike banks dt"ll want collateral and stuffs...I'd say cooperatives society's the best place....

tbagjames:
we are not concerned with the mundanity buty its safeness

ASUU will never see anything good in life

save in your wive's bra whenever she was wears it on. safe bank

Dargreen: acc no 001356792 acc name ernest adekunle : Access bank

the guy said apart 4rm bank. And u r stil positing ur useless acount no . Here

Good !

I know some would object but investing in viable shares/stocks is still a good way of keeping ur money outside banks. U can access it anytime u wish to and there r possibilities of appreciation and dividends.
But pls study the stock market and know it well before investing there.
Best wishes.[color=#006600][/color]

Open ur rug and put it under or burn it keep d ashes.shikenah.

invest it in a business

Before you invest, ask yourself two crucial questions:
1. Is it long term?
2. What is the level of risk I am ready to take?

Like the saying goes, the higher the risk, the higher the profit. However, if you are risk averse, and you still want to make a good return, with guarantee of your principal, then you should buy treasury bills, these are in 91 day, 182 day and 364 day tenors respectively. they are very secure because this is how Federal Govt mops up excess cash from the economy. They sell t-bills via Central Bank who does the auction. To invest in t-bills, you can just walk up to any bank and tell them you want to invest in t-bills, you would be given a form to fill and you would state the amount (minimum of 100k) cos you are buying in the primary market. the returns are better than fixed deposits and safer too.

Treasury Bills (Nigerian Treasury Bills-NTBs)
These are short term debt instrument issued by the Central Bank of Nigeria (CBN) on behalf of the Federal Government to finance local debt. They are zero-coupon securities. Because it is guaranteed by the Federal Government of Nigeria, it attracts lower returns. T-bill rates serve as a benchmark for short-term rates in the economy. T-bills can be bought from primary and secondary markets. The minimum amount that can be bought at the secondary markets is N250mm. The primary market offers investors with below N250mm opportunity to invest in Tbills as the minimum amount in an auction is N100,000 and multiple of 1,000 thereafter

Tenor
Typical tenors are three-month (91 days), six-month (182) and one-year maturities (364);

Auction dates
Primary T-bills auction takes place every fortnight

The second you can consider is Federal Government Bonds. these are long term investments that are also with very good yield (i.e when you compare with fixed deposit rates). They are also very secure because the debtor here is Fed Govt. Unlike t-bills, you cannot just invest in bonds except there is an offer issued from the Debt MAnagement Office of the Central Bank, and it is usually advertised in the dailies for investors who are interested and the tenors are 3yr,5r,7yrs (I am not very certain, will confirm this)

The third you can invest in is mutual funds.Mutual Funds are financial instruments that allow a group of investors to pool their monies with a predetermined investment objective.Mutual Funds invest in a variety of stocks, bonds, money market instruments or other securities in line with the objective of the fund. These are handled by Fund Managers or Asset MAnagers. the rate of return is also good depending on the type of mutual fund and ranges from short term to medium term.

please note: this is basically for those who are risk averse and are looking for something a bit higher than fixed deposit with commercial banks.

My advice: Fix it in the First Bank. It is the most trusted bank in Nigeria and the oldest (1894) in Africa.
It has branches in; UK, France, Democratic Republic of the Congo, China, UAE, South Africa, Ghana, Guinea, Gambia and Sierra Leone. The only bank in Nigeria if not in Africa that has this much branches outside their border.

First bank is a reasoned bank that survived numerous tough Nigerian economic problems. It may not have the highest interest rates but it's the most stable and the richest bank in Nigeria. As of June 2013, the bank had assets totaling approximately US$21.3 billion (NGN:3.336 trillion).

So if you need a bank in Nigeria that's most trusted and stable, where you could deposit your money for years and be able to sleep at night, then go for First Bank.

Noble.G:
My advice: Fix it in the First Bank. It is the most trusted bank in Nigeria and the oldest (1894) in Africa.
It has branches in; UK, France, Democratic Republic of the Congo, China, UAE, South Africa, Ghana, Guinea, Gambia and Sierra Leone. The only bank in Nigeria if not in Africa that has this much branches outside their border.

First bank is a reasoned bank that survived numerous tough Nigerian economic problems. It may not have the highest interest rates but it's the most stable and the richest bank in Nigeria. As of June 2013, the bank had assets totaling approximately US$21.3 billion (NGN:3.336 trillion).

So if you need a bank in Nigeria that's most trusted and stable, where you could deposit your money for years and be able to sleep at night, then go for First Bank.

Oga,read the question. Poster said investment outside bank. Or first bank is no longer a bank

How come nobody thought of keeping the money in the church or mosque?

Dargreen: acc no 001356792 acc name ernest adekunle : Access bank

noted.

Dargreen: acc no 001356792 acc name ernest adekunle : Access bank

noted.

sdymanagers: How come nobody thought of keeping the money in the church or mosque?

please be serious now, haha, the brother needs good advice.

sdymanagers: How come nobody thought of keeping the money in the church or mosque?

please be serious now, haha, the brother needs good advice.

halle2:

Oga,read the question. Poster said investment outside bank. Or first bank is no longer a bank

halle2:

Oga,read the question. Poster said investment outside bank. Or first bank is no longer a bank

I think real estate is good. If you buy a property and you are fortunate not to have any issue, your returns know no bounds.

However, since you talked about the drawbacks, I think you can look at treasury bills. With the help of Nairalanders in the investment thread, you should get one. I feel it doesn't have drawbacks.

I just noticed that halle2 has discussed same above. It is a good investment.

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