Barrytone:
Good people, am ready to lock in for a very long time provided rate is above 15%. Will Nigeria disintegrate before 2032？

Nothing is certain. No risk, no reward.

Barrytone:
Good people, am ready to lock in for a very long time provided rate is above 15%. Will Nigeria disintegrate before 2032？

Except a bad-ass Prophet, I doubt anyone can answer this question with any reasonable level of confidence. Investments are risky, determine how much risk you're willing to take.

Investors in the house.

What will be the yield for #150,000 invested in treasury over 3 months and 6 months respectively.

I intend to buy Tbills from GTB, how can I calculate the expected yield

Jesusbabygirl:
Except a bad-ass Prophet, I doubt anyone can answer this question with any reasonable level of confidence. Investments are risky, determine how much risk you're willing to take.

Even a badass prophet would not answer that.

Dynamics change

One-Year T-Bills Yield Rises to 13.09% on Thursday
https://businesspost.ng/2019/08/09/one-year-t-bills-yield-rises-to-13-09-on-thursday/

FG Frustrating CBN’s Efforts to Spur Economic Growth
https://businesspost.ng/2019/08/09/fg-frustrating-cbns-efforts-to-spur-economic-growth/

Crude Oil Prices Reverse Losses to Appreciate Thursday
https://businesspost.ng/2019/08/09/crude-oil-prices-reverse-losses-to-appreciate-thursday/

I just they smell devaluation

We have been waiting. They should just do it so i and my boys can turn to Billionaires overnight. Wé missed the last devaluation awoof.

needful:
I just they smell devaluation

needful:
I just they smell devaluation

get prepared don't be caught off guard

Devalution risk and low tb rate to spur lending .....hmmm...emefele must be mad.....watch your naira investments with the eye of a hawk

ahiboilandgas:
Devalution risk and low tb rate to spur lending .....hmmm...emefele must be mad.....watch your naira investments with the eye of a hawk

https://businesspost.ng/2019/08/09/fg-frustrating-cbns-efforts-to-spur-economic-growth/

I don’t think Buhari will allow devaluation. Buhari is a big socialist, he will continue to ask Emefiele to peg the naira atleast until it becomes impossible to do go, I guess it’s one of the reasons he was reappointed

chigo4u:

https://businesspost.ng/2019/08/09/fg-frustrating-cbns-efforts-to-spur-economic-growth/

I don’t think Buhari will allow devaluation. Buhari is a big socialist, he will continue to ask Emefiele to peg the naira atleast until it becomes impossible to do go, I guess it’s one of the reasons he was reappointed

u can force rates to hang when u don't have control over forex inflow from crude ....worst govt peg price to 360 dollar find it level at 400 in black market the the round tripping begin by govt allotte the economic grind to a halt ...then cbn raise rate to discourage it

ahiboilandgas:
Devalution risk and low tb rate to spur lending .....hmmm...emefele must be mad.....watch your naira investments with the eye of a hawk

U can't even get dollar now.....my aboki no gree sell since yesterday.

But @ahib I don't understand why we need to devalue the naira becos CRUDE oil price is dropping. What off external reserves , isn't it meant to cushion the effect of temporal price change. Can't they increase TB rates to attract more funds and if need be print more money to payback the interest.

This naija haff tire me......

zamirikpo:


U can't even get dollar now.....my aboki no gree sell since yesterday.

But @ahib I don't understand why we need to devalue the naira becos CRUDE oil price is dropping. What off external reserves , isn't it meant to cushion the effect of temporal price change. Can't they increase TB rates to attract more funds and if need be print more money to payback the interest.

This naija haff tire me......

our import bull is around 2bn dollars monthly bringing in stupid things that we can produce like ,sugar,petrol ,tomatoes etc this can wipe out the reserve with a short period ,remember that the 45 bn dollars include euro bond of over 10bn dollars to be service with dollars income...the thing complex if America raise interest rate to 4 oyinbo go carry money jar from nigeria

TotoNaRubber:
We have been waiting. They should just do it so i and my boys can turn to Billionaires overnight. Wé missed the last devaluation awoof.

pls how do I convert my Naira to dolar and which bank is the best

Since T-bills rate is becoming not encouraging... I'd like to ask

1. How do you make money from currency devaluation... A naira devaluation as a case study...
2. I'd like some business gurus to recommend books on investment and strategies of creating wealth (Although I've read couple of books mostly authored by Robert Kiyosaki)... Thanks...

handsomebolanle:
Since T-bills rate is becoming not encouraging... I'd like to ask

1. How do you make money from currency devaluation... A naira devaluation as a case study...
2. I'd like some business gurus to recommend books on investment and strategies of creating wealth (Although I've read couple of books mostly authored by Robert Kiyosaki)... Thanks...

Check ALUX on Youtube. https://www.youtube.com/channel/UCNjPtOCvMrKY5eLwr_-7eUg

koonbey:



Check ALUX on Youtube. https://www.youtube.com/channel/UCNjPtOCvMrKY5eLwr_-7eUg

Thank you.. I will

You can buy from trusted Abokis in the streets or you can buy from people remitting funds to Nigeria depending on your location.

But you need to have an account domiciled in the currency you want to invest in, there are banks with little withdrawals fees, make inquiries regarding the banks and give us a feedback. Usually you need a minimum opening balance of $100.

Adegokenath:
pls how do I convert my Naira to dolar and which bank is the best

Stanbic ibtc secondary market rates today :
104 days = 10.9%
160 days = 11.4%
258 days = 11.5%

I did 160 days.

handsomebolanle:
Since T-bills rate is becoming not encouraging... I'd like to ask

1. How do you make money from currency devaluation... A naira devaluation as a case study...
2. I'd like some business gurus to recommend books on investment and strategies of creating wealth (Although I've read couple of books mostly authored by Robert Kiyosaki)... Thanks...

Think and grow rich
The richest man in Babylon
Turning penny to dollars
The science of getting rich
As a man thinket so he his
The next door millionaire.
These and many more books you can Google and download online, this period Nigeria is passing tru is a stage of wealth transfer for that are smart and ready to take risk. I could rember I sold gtb shares @42 In the early 2018 before the prices crashed and the same is happening now the prices are crashing and the fearful ones are complaining while smart guys are strategising on how to hit it big. When our stocks get to the lowest of the lowest the foreign investors comes in to buy cheap and dump on us when we are waking up from our sleep then the next thing is to start our normal songs of complaints. I will by God grace follow the fpi to invest in their patterns and dump like them

Adegokenath:
pls how do I convert my Naira to dolar and which bank is the best

Please if you do get to do it.
Mention me when you want to give us gist about it.

aremso:


Think and grow rich
The richest man in Babylon
Turning penny to dollars
The science of getting rich
As a man thinket so he his
The next door millionaire.
These and many more books you can Google and download online, this period Nigeria is passing tru is a stage of wealth transfer for that are smart and ready to take risk. I could rember I sold gtb shares @42 In the early 2018 before the prices crashed and the same is happening now the prices are crashing and the fearful ones are complaining while smart guys are strategising on how to hit it big. When our stocks get to the lowest of the lowest the foreign investors comes in to buy cheap and dump on us when we are waking up from our sleep then the next thing is to start our normal songs of complaints. I will by God grace follow the fpi to invest in their patterns and dump like them

Thanks so much... I've read many of this books but this is over 5years ago... I think I need to read them gain... Thanks so much..

Bitcoin!

Oshe, baddest!!

I bought 21m for 91 days at stanbic , I think on 17/18 of July (primary market). 20,502,616 was debited on 18/07/2019 but Now I need to take out 7m to add to something I need. Is it advisable to pull out the 7m. Is it the interest that will suffer or the capital? And how much do you think the bank can deduct? If it affect interest alone, I won't be bothered. Do you think it will pay me? Remember It is Stanbic.

Guru in the house. Kindly help me with this

Lol. In less than a month you wan pull 7 milla. Your current interest is round N120k so if you liquidate now you could have 21,120,000.

globalresource:
I bought 21m for 91 days at stanbic , I think on 17/18 of July (primary market). 20,502,616 was debited on 18/07/2019 but Now I need to take out 7m to add to something I need. Is it advisable to pull out the 7m. Is it the interest that will suffer or the capital? And how much do you think the bank can deduct? If it affect interest alone, I won't be bothered. Do you think it will pay me? Remember It is Stanbic.

Guru in the house. Kindly help me with this

TotoNaRubber:
Lol. In less than a month you wan pull 7 milla. Your current interest is round N120k so if you liquidate now you could have 21,120,000.

I don’t believe your computation is correct. The earned interest should be added to the debited sum and not the supposed sum at maturity

handsomebolanle:


Thanks so much... I've read many of this books but this is over 5years ago... I think I need to read them gain... Thanks so much..

no!

YOU NEED TO READ this entire thread again..

(if by this page you have not learnt your favourite methods of earning money.)

go back to page 1.

this thread will teach you how to make wealth herein Nigeria..not Kiyosaki American models...

Please what’s the date for next primary market auction

TotoNaRubber:
Lol. In less than a month you wan pull 7 milla. Your current interest is round N120k so if you liquidate now you could have 21,120,000.

You mean if I want to liquidate everything? Is it not possible to liquidate part of it?

What I need is 7m

cooldudeng:


I don’t believe your computation is correct. The earned interest should be added to the debited sum and not the supposed sum at maturity

Please expantiate citing my post

You can't terminate investments in parts. You must terminate everything then reinvest what you don't need. For the charges, some banks will take 25% of the interest earned. In all, just pray it doesn't affect your capital. Good luck.

chigo4u .. it was supposed to be next wednesday.. but pub. Holidays...
so it will be till next 3 weeks because you cannnot submit form before wed.