chigo4u:
It’s really not rocket science. Nigeria is powered by fuel price and an increase in fuel price affects both local and foreign goods, saying that the price of goods reduced from what it was before 2015 is just funny

Your own problem is you can't just argue with points...it's either you are calling every other person a name or you see other people's point as being funny. I can see you are the only reasonable guy in this forum who is making "sense". And you are the only guy too whose points aren't funny...every other opinion contrary to yours is funny. Bravo the wise guy!


PS: I am telling you from my experiences. Whether what i said makes sense to you or not,whether it's funny to you or not... It's up to you to decide...

Full Transcript of President Buhari June 12 Speech
https://businesspost.ng/2019/06/12/full-transcript-of-president-buhari-june-12-speech/

lancee:



MATURITY
TENOR
GTB SEC RATE TODAY
RATE
22-Aug-2019
72 days
10.00%

28-Nov-2019
170 days
11.10%

09-Apr-2020
303 days
11.55%

I have a question oh.. Why will I invest at 11.55% for 303 days, when I can invest three times in a year at 10.00% for 72 days..

ahiboilandgas:
I really don't know when u started investing but rate have gone down to 7 percent around 2015/2016......in the financial world they called it lazy man bussiness ....inflation 12 percent tb 12 percent ..infact their was a time fixed deposits was even higher bank are smart they set up nice buildings with suited staff to collect cheap or free deposits at 0 to 4 percent the dump at 12.5 in tb and bond use 2.5 percent as runing cost then net profit over 8 percent ,they not much affected by inflation cos the investing capital is almost free .....imagine some one giving u 100 m with the probability he will only withdraw 5 m in the whole year ..u fix it at 12.5...u generate 1250000 u pay him 5 m and earn 7.5 ....used 1.5m to run the bank ,bank makes 5 million...share holders are happy

Shey we will not gather ourselves and goan open bank liadis, lol

logoscope:

I have a question oh.. Why will I invest at 11.55% for 303 days, when I can invest three times in a year at 10.00% for 72 days..

read and understand from page 1 - 10, you will know why.

OgogoroFreak:
read and understand from page 1 - 10, you will know why.

Okay, I'll do that.

logoscope:

I have a question oh.. Why will I invest at 11.55% for 303 days, when I can invest three times in a year at 10.00% for 72 days..

That 10% rate is not per subscription. It is per annum. Most bankers delibrately hide this info from their customers. So the true rate for 10% for 72 days is actually (72/365) × 10%...a very ridiculous 1.97% interest per 72 day sub.

logoscope:

I have a question oh.. Why will I invest at 11.55% for 303 days, when I can invest three times in a year at 10.00% for 72 days..

Lol seems you are a novice in banking calculations.
What you see is per annum bro.

kisszhira:


Your own problem is you can't just argue with points...it's either you are calling every other person a name or you see other people's point as being funny. I can see you are the only reasonable guy in this forum who is making "sense". And you are the only guy too whose points aren't funny...every other opinion contrary to yours is funny. Bravo the wise guy!


PS: I am telling you from my experiences. Whether what i said makes sense to you or not,whether it's funny to you or not... It's up to you to decide...

We are not quarreling lol. Sorry if I sounded harsh on my initial post, I just felt you were downplaying the level of hardship going on. No vex

ahiboilandgas:
I really don't know when u started investing but rate have gone down to 7 percent around 2015/2016......in the financial world they called it lazy man bussiness ....inflation 12 percent tb 12 percent ..infact their was a time fixed deposits was even higher bank are smart they set up nice buildings with suited staff to collect cheap or free deposits at 0 to 4 percent the dump at 12.5 in tb and bond use 2.5 percent as runing cost then net profit over 8 percent ,they not much affected by inflation cos the investing capital is almost free .....imagine some one giving u 100 m with the probability he will only withdraw 5 m in the whole year ..u fix it at 12.5...u generate 1250000 u pay him 5 m and earn 7.5 ....used 1.5m to run the bank ,bank makes 5 million...share holders are happy

I have not seen in any financial book or article where Tbills is called a lazy man business. maybe you are unhappy people now know more about Tbills that you are involved in than before. And yes I was still around when Tbills hit that low (it was around December January coz I was at first bank negotiating at the time)

Those that will do Tbills will keep doing Tbills, the risk is low, so yields should be low.

If you are feeling adventurous you can take it out and play in some other market. However don't call it the lazy mans business, its just a LOW RISK investment platform where you sleep without fear of bankrupt.

Nonetheless its good to diversify ones portfolio

chukzyfcbb:


I have not seen in any financial book or article where Tbills is called a lazy man business. maybe you are unhappy people now know more about Tbills that you are involved in than before. And yes I was still around when Tbills hit that low (it was around December January coz I was at first bank negotiating at the time)

Those that will do Tbills will keep doing Tbills, the risk is low, so yields should be low.

If you are feeling adventurous you can take it out and play in some other market. However don't call it the lazy mans business, its just a LOW RISK investment platform where you sleep without fear of bankrupt.

Nonetheless its good to diversify ones portfolio

Nah, he has contributed so much positively on this thread for anyone to think that.

logoscope:

I have a question oh.. Why will I invest at 11.55% for 303 days, when I can invest three times in a year at 10.00% for 72 days..

really?�

logoscope:

I have a question oh.. Why will I invest at 11.55% for 303 days, when I can invest three times in a year at 10.00% for 72 days..

All rates are per annum

DanXplore:

That 10% rate is not per subscription. It is per annum. Most bankers delibrately hide this info from their customers. So the true rate for 10% for 72 days is actually (72/365) × 10%...a very ridiculous 1.97% interest per 72 day sub.

Means that an investment of N100k will yield only N1970 for 72 days at 10%?

logoscope:

Means that an investment of N100k will yield only N1970 for 72 days at 10%?

Poor investment return. Imagine profit one will yield running business with similar amount in 2months. I have sat down and discovered that financial institutions are fraud compare to business investment.

ify2016:

Poor investment return. Imagine profit one will yield running business with similar amount in 2months. I have sat down and discovered that financial institutions are fraud compare to business investment.

At the same time you need to consider the risk and the fact that you not doing anything extra.

ify2016:

Poor investment return. Imagine profit one will yield running business with similar amount in 2months. I have sat down and discovered that financial institutions are fraud compare to business investment.

Tbills is not a business,it's only a saving plan to help you reach a saving target faster especially if you don't have time for a business or hate taking risk. If you like business and have the time,why dump huge amount of money in Tbills ??

CBN Signals End To Official Rate Regime For Naira
By Chijioke Nelson


The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated.
The development is signaling an end to the most criticised foreign exchange rate window, which has been used mostly for government’s critical businesses that affect the public, particularly the importation of petroleum products.

If the move sees light of day, it will mean that the value of the naira at the official window is depreciated with its concomitant closure of the peg.

Yesterday, the apex bank, as opposed to the usual publication of the fixed exchange rate, opted to publish that “the rate will be market-determined.”

According to a report, the President of Shippers Association of Lagos State, Jonathan Nicol, said the Nigeria Customs Service had allegedly directed importers to pay for duties at the rate of N326 per dollar against the official rate of N306, citing an order from the CBN.

Also yesterday, the interbank rate depreciated by 0.2 per cent to N360.43 per dollar at the close of trading, while the parallel market remained steady at N360 per dollar.

A move toward a market-determined exchange rate would be welcomed by investors, who have long accused government of some level of capital controls and bemoaned multiple exchange rates.

The Chief Executive Officer of Nigerian Investment Promotion Council, Yewande Sadiku, was quoted as saying the apex bank was in talks with other agencies to move to a single rate for the nation’s currency.

For an economic analyst at Ecobank, Kunle Ezun, “putting that on the website means the central bank is gradually moving towards a single exchange-rate window. It is making the exchange rate more liquid to attract more inflows.”

https://m.guardian.ng/news/cbn-signals-end-to-official-rate-regime-for-naira/

Pls can a kind housemate confirm that auctions would hold today.

kisszhira:
CBN Signals End To Official Rate Regime For Naira
By Chijioke Nelson


The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated.
The development is signaling an end to the most criticised foreign exchange rate window, which has been used mostly for government’s critical businesses that affect the public, particularly the importation of petroleum products.

Any expert analysis on this ?

kisszhira:


Tbills is not a business,it's only a saving plan to help you reach a saving target faster especially if you don't have time for a business or hate taking risk. If you like business and have the time,why dump huge amount of money in Tbills ??

Safe to say Tbills are for the big boys. The rest of us should get our hands dirty.

logoscope:

Means that an investment of N100k will yield only N1970 for 72 days at 10%?

Exactly.

logoscope:

Safe to say Tbills are for the big boys. The rest of us should get our hands dirty.

Look at it this way instead

Tell me what business in Nigeria that would return an interest of 1m within 48hours after investing a capital of 10m and with 99.99% assurance of getting your 10m back in 364 days.

No shop rent, no transportation, no association dues, no feeding at work/shop expense, no nothing.


Do TBills at an advance stage, u will enjoy it.

My advice to young couples.

Forget flashy things, raise 10m, split it into 4 equal parts.
Buy Tbills with sense at good rates preferably every quarter. So u get returns every quarter

On no account should u touch that principal, every year reinvest it and take the interest to settle your needs.

That way you are already on FG payroll, that is how Nigeria social security works. You dont need to have an employment with FG before they pay your house rent or children school fees. All you may need is a bond or bill.

Buy that bill today

deepwater:

Look at it this way instead

Tell me what business in Nigeria that would return an interest of 1m within 48hours after investing a capital of 10m and with 99.99% assurance of getting your 10m back in 364 days.

No shop rent, no transportation, no association dues, no feeding at work/shop expense, no nothing.


Do TBills at an advance stage, u will enjoy it.

My advice to young couples.

Forget flashy things, raise 10m, split it into 4 equal parts.
Buy Tbills with sense at good rates preferably every quarter. So u get returns every quarter

On no account should u touch that principal, every year reinvest it and take the interest to settle your needs.

That way you are already on FG payroll, that is how Nigeria social security works. You dont need to have an employment with FG before they pay your house rent or children school fees. All you may need is a bond or bill.

Buy that bill today

are assumption based on fact or are u into trading or other bussiness .....hundreds of bussiness in Nigeria return over 50 percent per anum ...a 20 ft container cost around 14 m for sheda material in 100 big bale each bale contain around 50 pcs while a whole sale sale for a profit margin of 25 -30 k x100 bale which finish within 3 months max generate a profit of 2.5 m in 3 months

Tb is good if u are too busy to run an enterprise or have paid employment or capital is beyond the enterprise or trying to raise capital or planning retirement ...

logoscope:

Safe to say Tbills are for the big boys. The rest of us should get our hands dirty.

There are four sources of income;

1. Salary
2. Self-employed/freelance
3. 'Big' business (the type you employ people to manage without being present)
4. Investment (e.g. rent, bond, t-bills, mutual fund, etc.)


If that 100k is made from option 1 or 2, there's nothing else you can do than put that money in option 4, or work towards building a 'big business' (option 3). Level 1 and 2 takes all your time, leaving you with very little or no room to get your hands dirty. Earning from at least 2 or 3 sources above is the real definition of multiple streams of income.

Basically, option 4 is the easiest, reason being it takes less than 2 hours per annum. Unlike 1 or 2.

Option 1&2 are the most difficult and come with lots of risk. Imagine a freelance graphic designer or a banker that losses his limbs at age 40

Am increasing my dollar and euro position cos their has been rumours that the cbn want to float the naira for rate convergence and the Nigeria custom is using 323 now from 305....i don't want to be hit again like 2015......please be prepared ..........................

If naira is floated all our interest paid by cbn will be wipe out with minutes .....if it moves to 330 the black market will move to 380 ........please be prepared oòoooh

Acidosis:


There are four sources of income;

1. Salary
2. Self-employed/freelance
3. 'Big' business (the type you employ people to manage without being present)
4. Investment (e.g. rent, bond, t-bills, mutual fund, etc.)


If that 100k is made from option 1 or 2, there's nothing else you can do than put that money in option 4, or work towards building a 'big business' (option 3). Level 1 and 2 takes all your time, leaving you with very little or no room to get your hands dirty. It is very hard to make it in life by sticking to one out of four options. Earning from at least 2 or 3 sources above is the real definition of multiple streams of income.

Basically, option 4 is the easiest, reason being it takes less than 2 hours per annum. Unlike 1 or 2.

Option 1&2 are the most difficult and come with lots of risk. Imagine a freelance graphic designer or a banker that losses his limbs at age 40.

but how do u get the investment capital for option 4 ....i think that the most difficult..inheritance ,lottery,najia bet ,salary saving,

ahiboilandgas:
but how do u get the investment capital for option 4 ....i think that the most difficult..inheritance ,lottery,najia bet ,salary saving,

I believe it is easy when we start small/early. With 5k, anyone can start mutual fund

Acidosis:


I believe it is easy when we start small/early. With 5k, anyone can start mutual fund

5k ? May primary school students ....but for a man 5k can't do anything

ahiboilandgas:
5k ? May primary school students ....but for a man 5k can't do anything

oga ahib, not everyone has access to millions o.