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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4705091 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by RavagedHeart: 7:35pm On Aug 29, 2020 |
emmasoft: I will read what I can find concerning your suggestion. |
Re: Treasury Bills In Nigeria by RavagedHeart: 7:43pm On Aug 29, 2020 |
OgogoroFreak: Do you have a business to suggest? I don't really know a good business to start with that |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:53pm On Aug 29, 2020 |
RavagedHeart:Here on technology section of nairaland, you can start by buying phone or laptop from offerup or from legit deal hunters (https://www.nairaland.com/5032880/all-offerup-letgo-craigslist-5miles) and sell here on nairaland and jiji. You can easily make 20k profit within a week. And that profit will grow as your funds grow. If you want to deal on laptops, I suggest you buy from legit sellers here like innobarca and hotdealz. They have really cheap laptops you can easily resell for profit. If you do this with dedication and focus, your money can easily grow to 300k by December. If the above seems daunting, you can start a bicycle rental business in your street. With aggressive saving, you can add video gaming center to it. 10 Likes 3 Shares |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 7:57pm On Aug 29, 2020 |
Tvegas:Help me with link to the US stock page. Can't find it |
Re: Treasury Bills In Nigeria by bmarketing: 7:58pm On Aug 29, 2020 |
Leezah: So in essence, a good driver is needed. A tokumbo car with regular maintenance (monitored) to mitigate regular repairs that occur on nigerian used cars. Ensure the driver has all the papers before driving the car. They are not so expensive one about 5k or so if I remember correctly. Have tracking enabled to monitor their movement. Schedule regular inspection...What else... I may sound naive but I belive with all this in check one can give it a shot. 4 Likes |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 7:59pm On Aug 29, 2020 |
emmanuelewumi:Do you have PDF format of that book? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:01pm On Aug 29, 2020 |
YoungDaNaval: Are you a redpiller? 1 Like |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 8:04pm On Aug 29, 2020 |
emmanuelewumi:I do support the movement |
Re: Treasury Bills In Nigeria by RavagedHeart: 8:11pm On Aug 29, 2020 |
OgogoroFreak: My only problem with such business is in the selling. I think I'll give it another shot. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 8:14pm On Aug 29, 2020 |
RavagedHeart:learn to make little profit at a go, with time you would be known and sales would be much easier if you are consistent. If that business above seems daunting, you can start a bicycle rental business in your street. With aggressive saving, you can add video gaming center too. 1 Like |
Re: Treasury Bills In Nigeria by Tvegas(m): 8:20pm On Aug 29, 2020 |
YoungDaNaval: Leezah: https://www.nairaland.com/5669161/us-stocks-pick-alert/137#5669161.4400 1 Like |
Re: Treasury Bills In Nigeria by RavagedHeart: 8:42pm On Aug 29, 2020 |
OgogoroFreak:Okay. Thanks |
Re: Treasury Bills In Nigeria by Leezah(f): 9:18pm On Aug 29, 2020 |
bmarketing:Remember I said you should drive it yourself. |
Re: Treasury Bills In Nigeria by Leezah(f): 9:19pm On Aug 29, 2020 |
RavagedHeart:BDC is more than 100k for a start up. I said that jokingly. Kindly try mutual funds. |
Re: Treasury Bills In Nigeria by bmarketing: 9:41pm On Aug 29, 2020 |
Leezah: Well, that is not scalable especially if you have a fleet or planning to own one... Obviously, the idea in such cases is to give out the cars which bring us back to my point. |
Re: Treasury Bills In Nigeria by kintus(m): 1:55am On Aug 30, 2020 |
Leezah: It's like most you didn't bother to read in between the lines before responding to message. The young man said he wants to do HIGHER PURCHASE. This is quite different from rentals. The desperation of a genuine driver to own a car is enough to make such a person work diligently and meet up with any said agreement. HP is a good option. All he needs is to get a good and trusted person with well signed agreement. Default to attract penalties....... personally, I'll advice him to start with a car and study the business for 6months before committing more funds. 3 Likes |
Re: Treasury Bills In Nigeria by kintus(m): 2:11am On Aug 30, 2020 |
bmarketing: You are a solution person. Please, keep it up. A lot of people just jump from sky to make recommendations or condemnation without considering the possible solutions to the problems they're mentioning. Part of the reasons why some people will keep making money. Channel the energy towards thinking solution rather than the problem. Just as you have stated above, he will need a good driver. A sound vehicle, solid agreement/contract and a good location. Uber/bolt isn't as profitable in Abuja as it is in Lagos. And finally, he needs God's grace to succeed. As for the current poor earnings, I believe the narrative will change in September because of the resumption of international travels. Services will be on for 24hours as curfew will be lifted. Some drivers prefer working at night. In all, I pray you succeed. 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by Manwarrior55: 5:05am On Aug 30, 2020 |
. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:36am On Aug 30, 2020 |
OgogoroFreak: The guy needs to be encouraged, little drops of of water makes the big ocean, a journey of a thousand mile starts with a step. Slow and steady wins the race, the most important thing is consistency. Waiting for the right time or reasonable fund will lead to procastinaton. Procastinaton is the thief of time. We all know that time is more valuable than money 15 Likes |
Re: Treasury Bills In Nigeria by delawal: 5:36am On Aug 30, 2020 |
TransAtlanticEx: all,it takes to,crash dollar price is just scare. even now down here in d east alot of us dt buys dollar for impirts have stopped and re sitting on d sidelines watching d development. a small policy of cbn can crash rates in,48hours. i dont know how u sound so sure abt ur assumptions. what if d cbn decides to inject more usd to achieve their aim will u go to stop them. let me tell u once there is an indication dt it might happen demand for usd will drop and rate will do,so, many people hoarding will rush to sell at once, stop,those ur arguments anything,can happen.w 7 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 5:41am On Aug 30, 2020 |
You took it out from my mouth! delawal: |
Re: Treasury Bills In Nigeria by Cyberknight: 7:16am On Aug 30, 2020 |
kintus: No difference between hire purchase and other forms of partner-owner relationships if you get a bad driver. 1 Like |
Re: Treasury Bills In Nigeria by Leezah(f): 7:28am On Aug 30, 2020 |
kintus:The italics sums up what I am saying. You have not seen people run a away with Okada even with signed agreements. I repeat he should drive it himself. |
Re: Treasury Bills In Nigeria by Leezah(f): 7:32am On Aug 30, 2020 |
bmarketing:As a business person DIY first know the nitty gritty about everything involved. |
Re: Treasury Bills In Nigeria by Donbrig: 8:11am On Aug 30, 2020 |
I really like the way some of you reason in this thread. Having a dorm account when you are not into any business that needs foreign currency is a big blow to our naira, the more dorm accounts we have in Nigeria, the more useless our local naira becomes. CBN should make it more difficult for Nigerians to operate dorm accounts, but this won't be easy because our politicians are the main architects of these problems. Nigerians have too much dollars in dorm accounts, putting enormous pressure on naira, if CBN doesn't crack this trend down aggressively and urgently, dollar might indirectly become our legal currency, just like we've seen in Venezuela. 1 Like |
Re: Treasury Bills In Nigeria by Philantropists: 8:18am On Aug 30, 2020 |
Inciting fear by the CBN worked in 2016 when there were less troubles, unfortunately 2020 has genuine troubles shortage in oil price revenue, covid19, us china trade war. No policy the CBN implements now will crash the price of dollar, if the CBN inject the 32 billion usd reserve into the black market now, it will be mopped up by businesses in less than 24 hours and i'm sure they won't dare such. Injecting funds to the black market can better be managed, if the CBN keep injecting $200m at the blackmarket every week, it will take three years to empty the reserve to ground zero, surely they won't inject that much too. The best options is to increase home made productivity, have better home made hospitals, schools, medical insurance, food production then remove forex expenditures like FORM M, PTA, BTA etc. Nothing extraordinary will come next week, just anticipation that magic will happen, there is no magic will real economics. delawal: 6 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 8:46am On Aug 30, 2020 |
CBN should remove the layer of middlemen in forex transactions. Why on earth should one be required to "go and source physical dollars" before making a transaction abroad? In serious countries, you just go to your bank and the transfer abroad is executed from your local currency account using the prevailing exchange rate, and subject to any exchange controls or caps. In the same way the banks allowed customers monthly limits for foreign transactions using debit cards (up to $3,000 in most cases), the same should apply to forex transfers. It's simple. Just bring Nigeria in line with other civilised countries and eliminate the "officialised" component of the parallel market at least. Foreign exchange accounts limited only to those who can show their businesses require one. All other transfers from abroad credited into local currency accounts at prevailing rates. Foreign currency policies should be liberalised first to allow free convertibility of the naira not just for Form A and Form M users. As someone has pointed out, the so-called "free market" will always find ways to get around these rules and that is true, but the point is that the government itself should not be undermining its own currency management by allowing such wide latitude for speculators and ordinary people to lawfully engage in conduct that harms the local currency. 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:03am On Aug 30, 2020 |
Reforming the forex managment in Nigeria with a radical and stalin like approach.......if u must come to Nigeria u must be ready to spend Naira and do Business in Naira .....this must form part of the visa requirements.....law breaker,saboture and smugglers will be liable to 20 year in prison ....we will invoke law similar to indonesia in drug .....economic sabotage is treasonable ask the currency manipulator of iran .... 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:08am On Aug 30, 2020 |
If u dont have faith in Naira then dont come to Nigeria to do business....money is about trust and faith outside this is just paper.....All non essentail dorm accounts should be closed (only companies that genuinely need it )....all balance of unused dollars warehoused in this accounts will be mob up by the cbn of Nigeria and balance converted to naira ... 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:13am On Aug 30, 2020 |
All travellers into Nigeria holding in excess of 2000 dollars must exchange at bdc in airports and boader post .....law breaker will be treated as economic sabotures and waging a war against the Naira and the Nigeria state... 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:16am On Aug 30, 2020 |
Unauthorised sell of foriegn currency on streets by the aboki crew is ban and will come with 5 years prison sentence without bail .....police raids will be approved .....bank accounts and bnv of such traders will be blacklisted and bank balance from such illegal act will be forfeited to the State... 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:20am On Aug 30, 2020 |
Operating accounts of /labanese Chinese/Indians /and their Nigeria collaborator....smuggulling/evading duty ans converting proceed of textile, poultry,wines and other items listed on the import prohibition list to dollars and smuggling out will be restricted and bank balances and property acquired through such illegal incomes and sabotage will be forfeited to federal republic of Nigeria .. |
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