GTB 182 and 364 days unsuccessful, only 90 days went through. Info from account officer

Jobac:

Thanks sir. It is definitely not savings; my Bank gave me 6k interest on 2 million naira in a month, treasury bills would have given more than that. I am taking it as investment without stress.

Oga which bank is that? They're even trying

Jobac:

Thanks sir. It is definitely not savings; my Bank gave me 6k interest on 2 million naira in a month, treasury bills would have given more than that. I am taking it as investment without stress.

If I may ask, what’s the bank name.. one kobo u no go see for others

TB still remains the best for now..

2eggs1goal:

If I may ask, what’s the bank name.. one kobo u no go see for others

TB still remains the best for now..

Zinny18:


Oga which bank is that? They're even trying

Zenith Bank.

aremso:


Oga port to TB

Thanks big bros

For you to enjoy interest on your savings account, you mustn't withdraw upto thrice within the month considered. This, the bank wouldn't let you know. With advent of ATM and mobile transfer: Reason you don't get interest most times. Around 4% is interest on savings.

Barrytone:
For you to enjoy interest on your savings account, you mustn't withdraw upto thrice within the month considered. This, the bank wouldn't let you know. With advent of ATM and mobile transfer: Reason you don't get interest most times. Around 4% is interest on savings.

This is absolutely true...once you do not withdrew at all or less than three times, you are likely to get an interest. i got an interest on one of my account of 1500 interest on 485,000 simply because i didn't make any debit on the account ...but if one pust that 2million naira on Tbills, one would definitely get far more than that.

Jobac:

Thanks sir. It is definitely not savings; my Bank gave me 6k interest on 2 million naira in a month, treasury bills would have given more than that. I am taking it as investment without stress.

Mutual fund (money market fund), would have given you about 20k in a month.

Desanta:


Mutual fund (money market fund), would have given you about 20k in a month.

Really! with which investment company/bank and at what %?

Nigeria to Borrow N809bn from T-Bills Investors in Q3 2019
https://businesspost.ng/2019/06/14/nigeria-to-borrow-n809bn-from-t-bills-investors-in-q3-2019/

FGN Bonds, T-Bills Dominate N9.031trn Total Pension Fund Assets
https://businesspost.ng/2019/06/14/fgn-bonds-t-bills-dominate-n9-031trn-total-pension-fund-assets/

Nnamz:

What will the driver take home if he drops 30k weekly? Does uber/taxi really make that much?

There is nothing we in transport when it comes to Lagos State.

port to first bank.. 182days and 364dasy bids were sucessful. an upfront interest of 56k was credited to my account.. NB: I did 1M for 182days.

Nnamz:
Primary bid by GTB lost for the fourth time in a row. I can't say for a fact but I know that not having heard back from them by now means they definitely lost the bid. Fourth time in a rowwwww (364 days)

aremso:



Really! with which investment company/bank and at what %?

Stanbic ibtc money market fund, FBN money market fund ( FBN quest) and United capital money market fund. Check the thread Mutual fund for more details.

olusogo1:
GTB 182 and 364 days unsuccessful, only 90 days went through. Info from account officer

182 was successful @ FBN at the rate of 11.5%
Upfront interest was added to the capital automatically.

[quote author=Barrytone post=79327541]For you to enjoy interest on your savings account, you mustn't withdraw upto thrice within the month considered. This, the bank wouldn't let you know. With advent of ATM and mobile transfer: Reason you don't get interest most times. Around 4% is interest on savings.
My account officer for uba says it's 4.2% interest on saving

Desanta:


Mutual fund (money market fund), would have given you about 20k in a month.

Same 20k monthly or a lil bit more if u used same 2 million for a yr tb @12%

[quote author=seun289 post=79334211][/quote]
Union is 4.2 also.

seun289:

Same 20k monthly or a lil bit more if u used same 2 million for a yr tb @12%

True.
So he had several legit options.

Jobac:

Thanks sir. It is definitely not savings; my Bank gave me 6k interest on 2 million naira in a month, treasury bills would have given more than that. I am taking it as investment without stress.

Guy use your head

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.

oya, in realistic terms, give a typical example of the business that can be run with 100k in 2 months that will yield higher than 1% per month.
..

thank you

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 ??

"tbills is not a business"
..
yet only FUGAZ banks made over N285 billion profit from it in 2017...?
..

Question: what was the business of "the richest man in Babylon"?
what is the business of the Rothschild family??

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

i started my money market fund with 10k in july 2017, now its over 400k.

..
Acidiosis answered you very correctly..
..

some of us have parents who are so selfish, they squandered all the earning and still guard you from their retirement benefits.
..

but God pass them..

..."millionaire next door"

ikechukz:
Good morning everyone. I was thinking about starting Tbills with 500k and then invest 30k monthly in MMF, but the current Tbills rate ain't favorable at all. Will it be wise to invest everything in MMF? Please I need your response ASAP.

please, stick to your first plan.
..

i suggest you do 182 days tbills because prices may rise soon And you can add the 180k saved in MMF to tbills by then.

..

HAPPY investing.
..

Tbills is an INVESTMENT.

..
investment is when you put only money in something and it yields more money..

..
While business is when you put money and time (and stress) in something and it "may" yield more money...

..

choose what you like.

#deepwater #like #likey

DanXplore:


See, Dangote is not the Nigerian government.

He said he will start cement, he did.
He said he will start tomato paste, he started.
He said he will start sugar, he did.

Inspite of the prevailing conspiraces against crude oil, dangote wen ahead to set up a very gigantic refinery. Not only that, there are hundreds or even thousands of workers currently undergoing training. You think he is stupeed?

Now following Dangote's progression, are you really doubting that the refinery will soon be fully operational? I hope this addresses the 'when' of your comment.

Dangote that wants to sell petrol at international "unsubsizied" rate of N300!!
..

that refinery will see us paying more for fuels!

..
and yes! Buhari will remove subsidy and BAN importation BEFORE that refinery is completed...

..
because i do not see Buhari as willing to pay Dangote 50% subsidy!

..
Tbills rates shall rise again..2020 loading

Nnamz:
Primary bid by GTB lost for the fourth time in a row. I can't say for a fact but I know that not having heard back from them by now means they definitely lost the bid. Fourth time in a rowwwww (364 days)

please buy in the secondary market today...

..
calculate how much the 2% you have lost since the 8 weeks (2 months/60 days) you have been waiting

..
you will only loose ROLLOVER in the secondary market..everything else is the same...rates are almost same or better.

..

HAPPY investing

Good morning sir, pls I stumbled on this thread 30 mins ago and am shocked at my level of ignorance
I never knew anything called TB or MUTUAL Funds or even Fixed deposit....
I have gone back to previous pages to learn a little I can about them, pls dont be angry kindly let me know sir what I can do, I need serious financial security.

I had a bad experience with STANBIC IBTC in 2017 that made me never trust them, I dont know if it was a mutual fund or something, a neighbour took me to the bank and I was told it was an investment to pay me a high percentage after 90days.... to my uttermost dismay... after 90days... I was paid only a profit of 3540 naira... when I began to shout and get upset.... they told me that they divide the percentage by 365..... I left the bank MAD AND BITTER.... since then I have only saved money in cryptocurrencies, so AM HERE because I need a simple explanation of answer...

IF I HAVE 10MILLION NAIRA THAT I AM NOT USING, BUT WANT TO GET PROFIT FROM IT TO PAY STAFF AND PLAN FOR MARRIAGE.... WHICH OF THE OPTIONS CAN I GO FOR AND WHAT IS THE PROFIT ON EACH FOR JUST 90 DAYS.?

Pls forgive my long post.... am in sefia pain... I am just learning this now after loosing so much money to MMM, LOOM etc..

I have searched online but there is no website where I can accurately calculate ROI for any of the options listed here...

pls help... I need a clear answer, am quite ignorant in this Nigerian stuff

RealityShot:
i started my money market fund with 10k in july 2017, now its over 400k.

..
Acidiosis answered you very correctly..
..

some of us have parents who are so selfish, they squandered all the earning and still guard you from their retirement benefits.
..

but God pass them..

..."millionaire next door"

RealityShot:
please, stick to your first plan.
..

i suggest you do 182 days tbills because prices may rise soon And you can add the 180k saved in MMF to tbills by then.

..

HAPPY investing.
..

Tbills is an INVESTMENT.

..
investment is when you put only money in something and it yields more money..

..
While business is when you put money and time (and stress) in something and it "may" yield more money...

..

choose what you like.

#deepwater #like #likey

Thanks a lot. I have already gone with the first plan though.

blackpanthar:
Good morning sir, pls I stumbled on this thread 30 mins ago and am shocked at my level of ignorance
I never knew anything called TB or MUTUAL Funds or even Fixed deposit....
I have gone back to previous pages to learn a little I can about them, pls dont be angry kindly let me know sir what I can do, I need serious financial security.

I had a bad experience with STANBIC IBTC in 2017 that made me never trust them, I dont know if it was a mutual fund or something, a neighbour took me to the bank and I was told it was an investment to pay me a high percentage after 90days.... to my uttermost dismay... after 90days... I was paid only a profit of 3540 naira... when I began to shout and get upset.... they told me that they divide the percentage by 365..... I left the bank MAD AND BITTER.... since then I have only saved money in cryptocurrencies, so AM HERE because I need a simple explanation of answer...

IF I HAVE 10MILLION NAIRA THAT I AM NOT USING, BUT WANT TO GET PROFIT FROM IT TO PAY STAFF AND PLAN FOR MARRIAGE.... WHICH OF THE OPTIONS CAN I GO FOR AND WHAT IS THE PROFIT ON EACH FOR JUST 90 DAYS.?

Pls forgive my long post.... am in sefia pain... I am just learning this now after loosing so much money to MMM, LOOM etc..

I have searched online but there is no website where I can accurately calculate ROI for any of the options listed here...

pls help... I need a clear answer, am quite ignorant in this Nigerian stuff

For 90 days you will approximately get 245,000 on an interest of 9.8%

IHelp:


I have been following this thread for years now. At least I read up to 95% of the posts.
Yes I followed the discussion then. After that I decided to test the app with their minimum. I found out that most of the people who talked about it then have not used the app or made proper enquiry. They were just making assumptions.

Many people in this thread that have not tested or used something on this thread are usually making assumptions.

Godbpraised:
Their business you can do outside of nigeria without having BP. however u need people u can trust. also event center is a good business, thier ways u can monitor it remotely. You can hang camera around the event center to monitor things.

with cameras and time tracker you can run any business from uptown

HeliosHay:


I'm telling you..it's unfortunate. Once you have to trust someone to handle business for you, you risk entering one-chance. Exposure to too much money corrupts friends/family

with online systems, I bet to disagree.

bikerboy1:


182 was successful @ FBN at the rate of 11.5%
Upfront interest was added to the capital automatically.

But the auction results states that 182 days wasn't available, I don't understand