With all due respect to the American and Nigerian advocates, can we kindly drop the argument as it’s derailing the thread. Let’s focus on the business of TBs. Many thanks.

Stanbic (21/10/19) secondary mkt rates
80 days - 9/1/2020 - 11%
185 days - 23/1/2020 - 11.10%
318 days - 3/9/2020 - 12%

Segun889:
Stanbic (21/10/19) secondary mkt rates
80 days - 9/1/2020 - 11%
185 days - 23/1/2020 - 11.10%
318 days - 3/9/2020 - 12%

Wao! This rate is coming down, I did 86days a week back and it was 11.2% the same stanbic. Hope by January when I mop up, the rate will be at least 13.5% for 364days.������

How They Compared :

RealityShot:
Lol...

how many people earn 100k salary in Nigeria?

10m can pay someone 100k monthly via tbills.

10m is a lifetime income that many Nigerians can not aspire to reach.

lets be practical pls.

it will take a man earning 100k/mo nearly 20 years to save 10m and thats if he can save 50%/mo.

you can set up one palm oil mill with N1m every year with 10m in tbills.

not everyone wants to leave in gra or drive venza or build gaint house.

Oil dey your head sir. Even in USA and Canada, not everyone will live in some choice areas. In Toronto, houses are like $1m to $1.5m, alot of people vacate those places and go to Halifax, saskatoon, PEI etc to get a house of 300 to 500$k. I still maintain my stand that 10m is alot of money in Nigeria. Someone who is on a salary of N500,000 monthly, wont even see 5m at the end of the yr. Even somebody earning 1m everymonth, wont save up to N10m in a yr. Now the question is, how many Nigerians are earning between 500k to 1m monthly. I need an answer to this question. I have lived above 10m but that doesnt mean 10m is a trash.

Please someone should take me as his boy in business. I was able to raise 1m

10m naira is a lot of money to a lot of people all over the world. I often live in Oakland California and Munich Germany and Lagos Nigeria. I must confess that every country has its advantages and disadvantages. But Nigeria remains one of the easiest and best countries to make lots of money if you have 10m with sense. You have more leverages in Nigeria. Europe and America are often overrated.

Can I still buy treasury bills now? I haven't done it before.

Mekanus:
Can I still buy treasury bills now? I haven't done it before.

You can still buy but that will be from the secondary market. If you want to buy from the primary market that will be by next week. Latest by Tuesday next week go to your bank and apply for Tbills from the primary market. You need a minimum of 100k if you bank with IBTC to buy Tbills.

dryakson:
Please someone should take me as his boy in business. I was able to raise 1m from my day 1 in the university through service. I did Okada where I served, not minding I'm a corper(Anybody who served in Shendam Local Government of Plateau State from Batch B 2017 to Batch A 2018) should know the 'Okada corper'.
I'm a hausa man and trust worthy (you can go through all my post on here).
I just need to pick up, please. I was able to invest the 1m in TB for now.
God bless any of my helper.

Then continue the Okada work. Most salary earners can't save that in Nigeria.

OgogoroFreak:
Then continue the Okada work. Most salary earners can't save that in Nigeria.

That's not my town. NYSC took me there, and in a bit to keep myself busy and save my allowee, I bought a bike with some money I saved and engaged myself. Though nobody know me in that town, that's the main reason I did the Okada.

dryakson:
That's not my town. NYSC took me there, and in a bit to keep myself busy and save my allowee, I bought a bike with some money I saved and engaged myself. Though nobody know me in that town, that's the main reason I did the Okada.

buy multiple okada with the 1m and multiple the income

emmasoft:


You can still buy but that will be from the secondary market. If you want to buy from the primary market that will be by next week. Latest by Tuesday next week go to your bank and apply for Tbills from the primary market. You need a minimum of 100k if you bank with IBTC to buy Tbills.

Thanks bro. I don't have account with IBTC guess I will have to go and open account with them. I bank with access/diamond and I'm not sure if they accept anything less than 1m for treasury bills. I will go and enquire tomorrow anyway. Gracias Amigo.

I can't recall whether I tick the column to re-invest the interest but will check with the bank. Thank you

NL1960:


Did you tick that you want the interest to be re-invested?. First Bank normally do that based on the experiences of people here that have used them.

Get to the branch and get the details of what they have done. If the interest was re-invested, then you can only get your Principal of 10m plus the interest at maturity.

ahiboilandgas:
buy multiple okada with the 1m and multiple the income

But make sure you can fight or know how to do wahala b4 you go into transport business.

dryakson:
That's not my town. NYSC took me there, and in a bit to keep myself busy and save my allowee, I bought a bike with some money I saved and engaged myself.

Though nobody know me in that town, that's the main reason I did the Okada.

You don't have to be ashamed of a business that fetches you money. Even if it's packing poo.. Afterall, sh1t money no dey smell.

That's not my town.

You are now an adult, a graduate and should be independent. You can choose to live and hustle anywhere!

oluayebenz:


U mean rent a condo?

2k ride in the US. I dont think that car will pass safety, mechanic charges sef go kill person

My brother bought his car for $1300 and it's been serving him well. My cousin bought his for $700 lmao and he used it for 2 years plus. You just gotta know the right places to look and also have a fair knowledge about cars when purchasing one

CBN Holds Emergency OMO Auction, Declares ‘No Sale’ for 91-Day Bill
https://businesspost.ng/economy/cbn-holds-emergency-omo-auction-declares-no-sale-for-91-day-bill/

igbizen:

But make sure you can fight or know how to do wahala b4 you go into transport business.

he an operator nah so he is used to it

Sackyjewel:
Please I invested 10mil in tbills with first bank on 23rd of last month, the exact 10mill was debited and no interest paid to my account yet. Is this possible or is an error from the bank.

I would advise you contact your bank, unless you invest the interest as well

dryakson:
That's not my town. NYSC took me there, and in a bit to keep myself busy and save my allowee, I bought a bike with some money I saved and engaged myself. Though nobody know me in that town, that's the main reason I did the Okada.

My brother first of all congrats, u have tried and I want to boldly say that u are a wonderful guy. U are just one in a million. Your types are usually one that can lift family up.

Please, has anyone done fbn secondary market below 90 days recently? I have been going there to do secondary market, but they kept telling me that they don't have anything below 90 days for d amount I wanted to invest. I don't really know whether they are telling me the truth.

Mekanus:
Can I still buy treasury bills now? I haven't done it before.

You can buy Treasury Bills easily on i-Invest; an investment platform(mobile app) by Sterling bank PLC. The minimum you can use to purchase TBills is 50k.

Setting up account on the platform is also pretty easy. Euro bonds are now also available on the platform. You can download the app on Playstore or walk in to any Sterling Bank for more info.

dryakson:
Please someone should take me as his boy in business. I was able to raise 1m from my day 1 in the university through service. I did Okada where I served, not minding I'm a corper(Anybody who served in Shendam Local Government of Plateau State from Batch B 2017 to Batch A 2018) should know the 'Okada corper'.
I'm a hausa man and trust worthy (you can go through all my post on here).
I just need to pick up, please. I was able to invest the 1m in TB for now.
God bless any of my helper.

a very big kudos to you. Your question actually is vague. What do you mean by 'you need to pick up?' You are already up. You just need the right connection but are you going to use your certificate or you wanna do biz

gift01:
a very big kudos to you. Your question actually is vague. What do you mean by 'you need to pick up?' You are already up. You just need the right connection but are you going to use your certificate or you wanna do biz

I mean, I want to do business. Being in the North, I have done some business which I failed. So, I want a mentor to introduce me in his line of business, I can do any legit business even if it means to import goods from South to the North.
Ps: the money I was able to save was from depriving myself some things such as expensive shoes, phones, cloths, outings, etc. I want to dive into a business that can grow over time, but I need a mentor. I can go out of my comfort zone

Has anyone here invested in TBills for a period which crosses into a leap year? Do you know how the discounted values are calculated?

Please has anyone done secondary market with First bank this week? been told since last Friday nothing is available.

c3000:
Has anyone here invested in TBills for a period which crosses into a leap year? Do you know how the discounted values are calculated?

Am really interested in this question. Some body with answers should indulge us please.

Please guys help me out, I have been going to FirstBank since yesterday and they keep telling me that secondary market is not available. The lady even showed me her system to confirm her claim. I have never experienced non availability of secondary market before. Please is anyone currently experiencing this from first back yesterday and today?

Donbrig:
10m naira is a lot of money to a lot of people all over the world. I often live in Oakland California and Munich Germany and Lagos Nigeria. I must confess that every country has its advantages and disadvantages. But Nigeria remains one of the easiest and best countries to make lots of money if you have 10m with sense. You have more leverages in Nigeria. Europe and America are often overrated.

Don please, what can give someone with 10m money in this country oo?
.Give a clue please.

c3000:
Has anyone here invested in TBills for a period which crosses into a leap year? Do you know how the discounted values are calculated?

A normal calendar year is 366 days
A leap year is 365 days
A T-bills year is 364 days