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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4629254 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by chigo4u: 5:52am On Oct 30, 2019 |
ahiboilandgas:I said it earlier that hardly would you find a legit Nigerian billionaire. Either they are involved in shady practices or they made their billions off the government. I don’t think Nigeria economy is that robust to produce legit billionaires from scratch. If you are looking for a business mentor, you have to look outside the country. If Nigeria govt withdraws it’s massive support for Dangote today, he will fall back to millionaire 8 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 5:55am On Oct 30, 2019 |
@freeman67, ii understand ur point but u left the substance and u are focusing on a little phrase. Whether the rich spend there money extravagantly or not the point @ahiboilandgas was stressing is that they are mostly I'll gotten wealth. Ur arguement sef should centre on whether dangote is legit or not. The federal govt made him rich by enacting policies that favoured him. How will u be the sole supplier of some commodities in Nigeria and not become rich. U remember what they did to ibeto. For me, I am definitely going to be rich legitimately. I started early and am going global. by his grace, I will succeed. My mentor is money. ![]() 12 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 5:55am On Oct 30, 2019 |
Today is primary market day, I’m waiting to see how bids for today goes. With what is happening, I don’t know if it’s possible for Nigeria govt to stop tbills, because I’m thinking that would really be the next option for cbn. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:05am On Oct 30, 2019 |
chigo4u: TB cannot stop, our govt runs on deficit....and p Even the budget is drawn with projections on borrowing locally and internationally. No fear . My own is those people calling fraudsters smart people UNA WELL DONE OOH. See whether ur mumu sense has landed us. 5 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 6:49am On Oct 30, 2019 |
CBN Sells Fresh N133bn T-Bills Today, May Cut Rates https://businesspost.ng/economy/cbn-sells-fresh-n133bn-t-bills-today-may-cut-rates/ |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:59am On Oct 30, 2019 |
Example in the bdc bussiness in Lagos island severally bdc owner trade dollars for 3 naira margin to make 200k per week or 80k per week on the low ..but I observed 1 company own a an alhaji have several lincense like 5 (against the rule )and make x 5 of ever body but even at that he buys over 3 million dollars weekly from virtually all the bdc and very rich ,he attempt to purchase the building housing ever body for 700m ....he very wealthy 5 Likes |
Re: Treasury Bills In Nigeria by freeman67: 7:03am On Oct 30, 2019 |
Adiwana: Because I am an advocate of not derailing this thread, this will be my final post on this topic. Yes real businessmen could think sometimes that somethings are worth it but after spending they will discover it is not worth it. Their aim of spending that money is not to impress people. About holidays, I believe you will know that most ideas and inspirations comes in quiet times so where you choose to relax when you want is important and it's not a problem if you can afford. And yes, you could take family pictures there and it will somehow go viral or pressmen/women may bump into you there. It is different from you snapping in the vacation because you want to show off on Instagram to impress/oppress the entire hustling population or you inviting the media to come and cover the vacation for paparazzi.. You would have also heard the common cliché that says all work and no play makes jack a dull boy. The body needs relaxation after some stressful period. Where you choose to do that too is dependent on the quality you want and how bouyant you are. zamirikpo: I did not missed the point. Yes he stated that he wondered if Dangote will spend extravagantly like that I think is bevy he still has some respect for him and could learn from him. Of all the irregular and illegal means his listed there was no where he listed government support or favours, that does not constitute any offence. At least we all know he is into manufacturing; everybody in Nigeria will acknowledge that he is the manufacturer of Dangote salt, sugar, spaghetti, flour, tomatoes, cement etc. Except we later hear any contrary news like we are hearing among the other people he listed, he is assumed to be legit. I thank God for his blessings on you. That is what I wish and pray for. Legitimate rich and aspiring Nigerians that could be mentors to those coming behind. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:04am On Oct 30, 2019 |
So I after like 1 year in the markets I understand that alhaji act on behalf of Chinese and India's and politicians..if a Chinese textile dealer (contraband )smuggled into Nigeria via Benin republic finish selling his goods in Lagos island the naira equivalent like 362 m naira in his first bank accounts, but he need to move this money back to China to supply again but can't demand dollars from cbn cos he import banned item |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:09am On Oct 30, 2019 |
He meets alhaji and request for 1 million dollars in black market then alhaji give him his bdc account he transfer 362m ,after cbn dollar bids and allocation...alhaji fix announce to boys and quotes 358 everbody carry his dollars to alhaji,he pay up 358m from the Chinese man money and pocket 4 m that week 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:15am On Oct 30, 2019 |
Not done the Chinese contraband seller need the 1m dollars moved to Dubai.....the people like mompha come in ...they smuggle physical cash out via airport in conjunction with corrupt officers or the Nigeria bdc will call the Dubai Nigeria bdc to arrange 1m dollars for him there ...the Dubai bdc will gather money of several Nigerians wanting to transfer back home through non financial institutions (1m dollars)The Chinese man will go to Dubai for pick up ..will the Nigerians will come home to local bdc for cash 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:18am On Oct 30, 2019 |
This not enterprenurship,this money laundering this not hard work but criminal enterprises that sabotage govt policy,destroy our industrialization plan ,bring unemployment cos poverty and insecurity 9 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:24am On Oct 30, 2019 |
Most very wealthy bdc operators all of them are now friends with yahoo boys involved in the e mail comprise scam in conjustion with Lebanese providing off shore accounts to repatriate scam funds into nigeria.....i keep wondering what our effc was doing since cos this thing are so glaring and in public .....go to Lagos island how do they think the Chinese repatriate all those contraband sale from second hand cloths to froozen chickens to tramol to textile ... 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:29am On Oct 30, 2019 |
The Nigerian state can win this war buy targeting the sale accounts of this contraband dealer using cbn...sealing up broader is not a modern strategy.....gather intelligence in the market ,put spy wait for them for finish sales then freeze the accounts and convert proceed to govt treasury to build road.... 14 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 7:34am On Oct 30, 2019 |
dipoolowoo:So people from OMO will now do tbills further driving rates down? ![]() ![]() Interesting times |
Re: Treasury Bills In Nigeria by Akin3891: 8:56am On Oct 30, 2019 |
freeman67: Radarada, so people gat know say i wan invest in tbs, investment that ought to be private, now you will have to bring someone along each time you want to invest your hard earned money, like a kid that doesn't know his right from left ,this is so annoying. If my wife can't follow me down to the bank, so no tbs investments for me .i know banks are trying so hard to deter customers from investing in tbs,so they can lure you to do their own meagre fixed deposit. The new cbn policies on OMO is giving them new wings, forgetting that tbs investors are damn educated n can read in between the lines. Also, there is no how secondary markets will be scrap, how abt those that want to auction their tbs before maturity, who is going to buy from them? I know all these shakara from banks will pass soon, when they realize that investors stand their ground n even lecture them the difference between OMO n FG tbs. 6 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 9:01am On Oct 30, 2019 |
ahiboilandgas: No they are SMART PEOPLE...... 1 Like |
Re: Treasury Bills In Nigeria by Adiwana: 9:30am On Oct 30, 2019 |
Because I am an advocate of not derailing this thread, this will be my final post on this topic. Yes So great ideas are gotten on a yacht that cost millions to rent.lol. If Bill Gates holidays on a yatch, he's getting more ideas on how to make more money and is not impressing people.If Mompha holidays on the same yatch and posts pictures online,he's foolish and spending on frivolities and is spending to impress people.Do you see the similarities?? Only difference between the two is that one has followers on Instagram and posts pictures on Social Media,the other doesn't. Its hypocrisy condemning one and leaving the other You would have also heard the common cliché that says all work and no play makes jack a dull boy. The body needs relaxation after some stressful period. Where you choose to do that too is dependent on the quality you want and how bouyant you are. Am in no way condemning anybody on how they spend their money. My point is rich people spend just like everybody else.The whole notion that rich people spend carefully and spend money only on things that give them value is a false narrative.Rich people are the ones that buy Lambos,Ferrari,Rolex,Gucci etc. These are some materials that lose value instantly they are bought 1 Like |
Re: Treasury Bills In Nigeria by Mills55: 9:54am On Oct 30, 2019 |
this country is really getting things wrong. Why would citizens be at the receiving end of every policy in this country? The Govt. claim to encourage cashless economy and the same time Banks are charging customers virtually for every transaction. Internet transfer they charge 52 naira, POS 50, alert on same POS transaction 4, ATM alert 4. ATM Card mentainance fee every month. Even alerts when is not needed like holidays and birthday. How do u encourage cashless when u charge me for using a common POS? is better I transact with cash. All this Banks are forgetting the fact that all this medium is reducing their work force, reducing queue and stress for them and customers. why leaving money in my savings account? when the charges is higher than the interest. u give me 3.5% interest and take over 20% charges at the end of the month. CBN is really getting it wrong here. something has to be done in this regards. They also forgot that all this medium they trying to discourage has actually reduced a lot of crime in the society, e.g. Armrobbery etc. I think CBN should go back to the drawing board on the recent policies. 9 Likes |
Re: Treasury Bills In Nigeria by Donvitalis(m): 10:43am On Oct 30, 2019 |
Barrytone: Thank you! I didn't subscribe to any loan nor do I have any negative balance on any of my accounts linked by my BVN. I'm at the bank presently and they are asking the same question. 3 Likes |
Re: Treasury Bills In Nigeria by Donvitalis(m): 10:46am On Oct 30, 2019 |
Pascal2016:Terrible! 1m isn't the minimum at First Bank. I know. I wouldn't know if banks have the authority to put a cap on the amount for TBills. 2 Likes |
Re: Treasury Bills In Nigeria by Donvitalis(m): 10:48am On Oct 30, 2019 |
Otunbalai: I filled the form on Monday and was debited the same day. I got the refund on Tuesday. |
Re: Treasury Bills In Nigeria by ibechris(m): 10:53am On Oct 30, 2019 |
ahiboilandgas: That is why u have to know yourself...don't ever pray to be like them. All my role model are men and women who have accomplished goods things in Nigeria and America. Like late Henry ford,Robert Kiyosaki,Trump senior,Fela Anikulakpo Kuti,Jakande in Lagos and innoson motors. Two men above contributed so much to this generation and their generation back then. Many Nigerian role models are either criminals in the office,woman beater,juju politicians without nothing to learn from and regrettably, they live fake life. 4 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 10:56am On Oct 30, 2019 |
Donvitalis:Don’t know about about first bank but zenith bank minimum has always been 1m |
Re: Treasury Bills In Nigeria by olujaidi: 11:12am On Oct 30, 2019 |
Mills55: The charge stems from the Stamp Duty Act 2004. This predates the cashless policy. |
Re: Treasury Bills In Nigeria by ukay2: 3:31pm On Oct 30, 2019 |
Please has anybody being able to do NTB SECONDARY MARKET in any bank after CBN circular to banks? Thanks 1 Like |
Re: Treasury Bills In Nigeria by icebot: 5:39pm On Oct 30, 2019 |
ahiboilandgas: Behind every great fortune, there is an equally great crime. The crime spectrum could stretch from violating antitrust laws to murder. If you dig meticulously into the past of the "normal rich billionaires" we have today, you will realise that they are not as clean as they claim to be. 3 Likes |
Re: Treasury Bills In Nigeria by sammily(m): 6:37pm On Oct 30, 2019 |
Akin3891: One option which I employ is to collect a copy of the treasury form and make several copies myself and then give my wife to sign as witness, but leave the date empty. Then whenever I want to invest, take one of the forms along, fill in the necessary details at the bank and submit. Shikenna!!! 7 Likes |
Re: Treasury Bills In Nigeria by Akin3891: 7:01pm On Oct 30, 2019 |
sammily: That sounds cool provided there is no need to see the witness in person. Funny policy, they r trying hard to make tbs appear scary, like witness, come n see o, our hand no dey o, should FG default . Cos i wonder wetin concern witness with my private investments |
Re: Treasury Bills In Nigeria by whatalife: 7:33pm On Oct 30, 2019 |
Rates are seriously coming down,from the calculation am seeing, 364 is around 11% Stanbic |
Re: Treasury Bills In Nigeria by efismikoko(m): 8:06pm On Oct 30, 2019 |
whatalife: If I get 11% for 364 I will be very happy I am expecting less |
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