Alikote:
u where a learner then ....u could have given it out on hire purchase that the smart investor ranking in 40 percent on the investment then spread over 24 months any bridge of term your cab is back to u ensure u sale after3-4 year max cos of deminshing returns

Agbaletu:


I never mentioned the reason why the transportation business failed. I only regretted venturing into it without stating why. I think you should read it again.

vacanci:
You guys should stop chatting this @alikote guy. All his analysis has put treasury bills at the back of priority. I wonder what he is doing on this thread if he has what is best for him. Imagine him comparing Etisalat default to that of FGN.

Everyone is a learner except him, yet he is on this thread to decimate the number of people doing what is going on well for them. Everything he does, he doesn't compete with people. He is the only business magnate so everything turns to gold. There is no risk in what he does, yet he sells up to 1,800 bags of cement during raining season. In patience Jonathan voice "na only you wake come".

He talks of land in Lekki 20 to 30 years ago. That is simply in relation to his present status. Who says that even 20 years ago, it was that easy to own property there. Na only Lekki dey for map. He doesn't even know that government policy alone has reclaim so many lands even in Abuja. I have a land bought for under 1 million naira 6 years ago. Development yet to catch up up to now. Even to sell at 800k, buyers no dey.

My immediate younger brother gave out 3 Keke napep to someone on high purchase. He invested 1.35M naira. 14 months gone, one story or the other. One of the Keke is now a write off.

But in the world of Alikote, once you invest in transport business, money rolls. No accidented vehicles among the fleets. No fatality on the part of the drivers. Insurance nko, for where. No routine maintenance sef. Just multiply daily income by 365 and you know what will be in your bank by the end of the year. This is because all the passengers queue at his own vehicles. What a perfect world.

Why didn't he buy land in Maitama and Asokoro in the 90s too. For the sake of this argument, he might say the has land in such places just to further give us that perfect picture.

In the name of God, I come against anyone that will derail me from my found love for TB and Bonds which has solved major challenges for me.

There is no one that has a perfect picture of the kinda profit he makes from cement business that will do treasury bills. Who no like bigger money.

Do you think the likes of otedola, dangote and adenuga do treasury bills? What they are into, pays them far more. So what is Alikote doing on this thread when all the perfect business he has pointed gives over 100% of principal when treasury bills gives far less. He is simply acting movies. He is the script writer and every other person is just a learner.


Alikote is living in utopian. simple.

NL1960:


I wonder why he is selling such a low number of 1800 bags in a month when other people are selling 1800 trailers in a month.

Tritri:



Why did it failed ...pls tell us as am about to take the same route..ur experience might help Thanks.

chukzyfcbb:

secondary market means u will be buying from the bank I.e the bank will sell to you from the thier own investment already made. if they invested tbills at 17% 364days for instance, the secondary market means they could offer u 15% 364days from that investment they made earlier, so its not fresh like the primary market where bidding takes place.
below are the fees deduction from fbn

say you invest 1milloon
at 10% 364days
interest ought to be 100,000

custodian fee(0.125%) - 125naira
commission fee (0.10%) -100naira
transaction fee (#100) - 100naira
Vat (5% of all three) - 5% of 325= 16.25

making a grand total of 125+100+100+16.25= 341
so after deducting 341 from the 100,000
your actual interest will be = 99,659 for the year
this should be the charges on 1m investment according to first bank.

feelaaG:
Nigeria: Inflation Declines By 0.52 Percent in March

http://allafrica.com/stories/201704130613.html

The National Bureau of Statistics (NBS) on Thursday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on- year basis.

The first decline was recorded in February when inflation dropped by 0.94 per cent.

In its latest Consumer Price Index (CPI) for March released in Abuja, the bureau stated that the index, which measured inflation increased by 17.26 per cent year-on-year.



I dont however expect the Tbills rates to start dropping any moment soon..

But I advise investors to go long as much as you can! cos the drop in rates when it starts would be steep!

spiceeamiee:
Hello house.. Good morning. I have been following this thread for a while and I have learnt a lot, thanks to all of you. I had some money I kept aside in fixed deposit just before I got married. I told my husband about it once but told him I put in bonds so he will not ask me for it. In December, I terminated the fixed deposit and I was looking to buy a property and start building my house. My sister advised me to start a business but I do not have the entrepreneurial spirit. I did not know what to do with the money until I stumbled upon this page. I read everything I could on NTB and last week, I placed a bid with First bank for 364 days. I was told the rate was 18.2 and I went with it. I just received my upfront interest and now I am going to add my little savings money to it so I can buy the land and when the NTB matures next year, I will use it to start the building. Depending on what I want and if prices of building materials still remain the same, that should be enough to finish the building to a very reasonable extent.

Thank you all for your help.

ihedioramma:
Well done . Can the dorm account open in any bank? How many dollar can one use to open the account ? Can one get good profit in dorm account ? .

Alikote:
dont buy dollar now the price not stable keep your eyes on crude prices,nigeria production and cbn intervention etc i bought at 365 and sold at 410 with just 2500 dollar i made 112 k within a week...dont put plenty money unless u getting at 305

ihedioramma:
that's cool money . please how do you buy it and sell ? . And you forget to tell me how many dollars i will use to open the account ? .

vacanci:
You guys should stop chatting this @alikote guy. All his analysis has put treasury bills at the back of priority. I wonder what he is doing on this thread if he has what is best for him. Imagine him comparing Etisalat default to that of FGN.

Everyone is a learner except him, yet he is on this thread to decimate the number of people doing what is going on well for them. Everything he does, he doesn't compete with people. He is the only business magnate so everything turns to gold. There is no risk in what he does, yet he sells up to 1,800 bags of cement during raining season. In patience Jonathan voice "na only you wake come".

He talks of land in Lekki 20 to 30 years ago. That is simply in relation to his present status. Who says that even 20 years ago, it was that easy to own property there. Na only Lekki dey for map. He doesn't even know that government policy alone has reclaim so many lands even in Abuja. I have a land bought for under 1 million naira 6 years ago. Development yet to catch up up to now. Even to sell at 800k, buyers no dey.

My immediate younger brother gave out 3 Keke napep to someone on high purchase. He invested 1.35M naira. 14 months gone, one story or the other. One of the Keke is now a write off.

But in the world of Alikote, once you invest in transport business, money rolls. No accidented vehicles among the fleets. No fatality on the part of the drivers. Insurance nko, for where. No routine maintenance sef. Just multiply daily income by 365 and you know what will be in your bank by the end of the year. This is because all the passengers queue at his own vehicles. What a perfect world.

Why didn't he buy land in Maitama and Asokoro in the 90s too. For the sake of this argument, he might say the has land in such places just to further give us that perfect picture.

In the name of God, I come against anyone that will derail me from my found love for TB and Bonds which has solved major challenges for me.

There is no one that has a perfect picture of the kinda profit he makes from cement business that will do treasury bills. Who no like bigger money.

Do you think the likes of otedola, dangote and adenuga do treasury bills? What they are into, pays them far more. So what is Alikote doing on this thread when all the perfect business he has pointed gives over 100% of principal when treasury bills gives far less. He is simply acting movies. He is the script writer and every other person is just a learner.


Alikote is living in utopian. simple.

well said....

if u reason these @alikote guy wella, he may not even be a business man.

zamirikpo:


To open a dorm account with Diamondbank u need a minimum of a hundred dollars, plus the usual paper work. Then pls ignore the rhetoric's from @alikote its not soo easy to buy and sell dollars especially in these days of heavy fluctuations. most of these bureau de change guys have very cheap source of dollar.....as low as N305/$, if u have such contacts then u r good to go.

Alikote:
see what i do show us yours

zamirikpo:



U sell peddler trucks.....funny though cos I use peddler trucks for a living, I own a couple.........unfortunately I don't have any pix to show u. but google jonkay petroleum...we r small sha.....we dey try raise our head. I could furnish u with any info. u need in my field.

AGO, PMS and DPK supplies.


But wait ooo...... I thought u said u sell cement, how do handle so many businesses at dsame time

Alikote:
am looking for 7 investors that we can jointly owned a Bdc together each of this investor shall provide 5 m and each person will own 14.2 percent of the 100 percent ,we flout a new name and incorperate with cac

NB the 35 m will be returned after 3 months once licence is granted by cbn
the account will be jointly managed by all
once we start receiving the 20 k dollar weekly this will be divided by 7
and everbody carry 2,285 and sell at a margin
we all be present at auction days to share the 20 k dollar in the bank

vacanci:


With all the comments to derail people from doing treasury bills and all the heated debates, I have been looking forward to you proposing one business to the house.

I will advise you take this proposal to another investment post.

Anyone that falls for this, does at his/her own risk. For me I run far away. My reason is that, with all alikote has said, he should be able to finance a bdc with 35m alone comfortably.

Scam alerts!!!!

Alikote:
you got it all wrong i never said any body shouldn't do tb ...some body complained that he invested 500k and and got 75 k as interest per anum that it was too small may be he was expecting 75 k per month so i advised him that tb is sweeter if your capital s huge and he should do small business instead with the 500 k that can generate 40 k permonth is better for him...Nigerian as usual turn it upside down

unite4real:


It may not be much. If you want to have an idea of the rate of the savings bond, keep an eye on the 3 months Treasury bills. It will just be around it. This is because the payment is quarterly which is like buying 3 months bills and reinvesting. The highest the savings bond will go is to catch up with rate for 91 day TB.

gentlemate00:

Pls which of the bank do you purchase FGN BOND through them......Thanks

unite4real:


Access bank and GTBANK

unite4real:


Access bank and GTBANK

IamZod:
Hello house, Good day. This will be my first time commenting on this thread.
I am new to this Treasury bills thing.
I really want to invest on it this month....
I don't know how to go about it and is it only a minimum of a 100k that can be invested? Can't I invest below that?

Gazelle22:
Tbills went above 23% in the last auction