I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

Correct Zimbabwe interest rate is currently 65%.

healthserve:



Hahahaha Zimbabwe, Venezuela na wetin be the difference? Tbills is directly proportional to the guarantor's credibility ( I.e the Country ) and not just percentile/returns na

Got 6.5% for 225days from GTB secondary market today.

Mmf is now the way..some givr average 11%

TotoNaRubber:
Correct Zimbabwe interest rate is currently 65%.

CBN Issues One-Year OMO Bills at 13.30% as Appetite Wanes
https://businesspost.ng/economy/cbn-issues-one-year-omo-bills-at-13-30-as-appetite-wanes/

eniorisha:
I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

put up your thinking cap ....use same strategy u did to mass the capital

Just come across this. However, do your due diligence. This might just worth your considerations. Again, be sure before you make commitment!

https://punchng.com/tak-agro-plans-97m-agric-bond/

For the strong!

eniorisha:
I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

Good day Mr Eniorisha, I went through your posts and noticed that your last tread was about suicide. Please you need to know that your challenges are just to make you stronger. I'm sorry for bringing up the topic here. I would've loved to meet with you in person but am not in Lagos. Remain Blessed.

eniorisha:
I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

my brother nobody can be as frustrated with this poor rates as myself. I wont begin to spell things outright for security reasons but my 5year plan has been destroyed. my childrens school fee policy, my building plan and even business projections, all have to be revised.

yes I made the original capital myself but the strength and zeal I had for the past 5years is no longer the same. but I stay positive, cos most times its not by he that willeth nor he that runneth but by GRACE/MERCY.

I now have to go back and think like my oga@ahib just confirmed. there must be a way. bond doesn't work for me, mmf isn't soo bad but the rates are also crashing. I just know that my only option in life is to be wealthy.....shikena.

zamirikpo:


my brother nobody can be as frustrated with this poor rates as myself. I wont begin to spell things outright for security reasons but my 5year plan has been destroyed. my childrens school fee policy, my building plan and even business projections, all have to be revised.

yes I made the original capital myself but the strength and zeal I had for the past 5years is no longer the same. but I stay positive, cos most times its not by he that willeth nor he that runneth but by GRACE/MERCY.

I now have to go back and think like my oga@ahib just confirmed. there must be a way. bond doesn't work for me, mmf isn't soo bad but the rates are also crashing. I just know that my only option in life is to be wealthy.....shikena.

currently at the work shop trying to fixed up some of my trucks put off for sale to reduce the number to a manageble fleet of 5 and buy up more tb ....cos I intended to retire from high bp bussiness @45 with a monthly income of 1m from tb/bond/mmf/rents ..and only provided service and earn....but this crash is disrupting the projection like it did in 2015 with very low rate of 5-6 but this low rate acted as catalyst to my ambition and made me increase my bussiness (it came with lot of high bp) but my investments tripled ....so this low rate should act as your catalyst ....dont pull out all your fund from tb but search for other thing that can increase your income base like providing service ,getting a new job , get a pay rise , reducing expense etc

9jatriot:
In situations like this, everyone will claim to be experts. I will not forget the number of people who claim that Soludo's consolidation of the bank base in 2003 was wrong, ill timed and counter productive, but now with the benefit of hindsight, it was perhaps one of the best banking decisions ever made. Many of those who condemned it then come with very sound logic. Although I believe that CBN should be held by trained Economist but calling for rubbishing the works of Emefiele may be out of place.
Everyone seems to forget that a lot of these strong changes started happening when PMB set up the Economic advisory team consisting of Rewane, Soludo and many others, they may well be the hand of Esau in this case.

how do you compare what Soludo did to what Emefiele is doing? Emefiele is not doing anything to revive the economy, he’s just trying to beat corners and there will definitely be consequences for all these in the future.
I don’t think there is any good work that has ever come from Emefiele as CBN Governor, is it still not under his watch that some banks folded? Spend billions to manipulate exchange rate, introduce all sorts of bank charges etc.

kisszhira:


And red oil went from 15k/25 litres to 5,500/25 litres. Local rice went from 9500 to 6000 and so many other food items

pls come and update your comment

eniorisha:
I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

Time and season.Pmb and his team will leave some day and the real change will come.

olusogo1:
Got 6.5% for 225days from GTB secondary market today.

Hooo.

And the lamentations continues....

Impressive!

Boss, how can one make an entry into the OMO market under the new policy?

ahiboilandgas:
When a non economist head a central bank and use try and error tactics to stimulate the economy ......smart investor will see the loophole clearly and make the kill....Rich investment firms are converting their naira reserve to dollars and wiring it out to their shell subsidiary oversea then rewiring the money back through a sister investment firm back to Nigeria as fdi fixed income investment and bid for omo auctions at the exclusive rate of 13 percent......while the hapless are been chased down to poverty or making loss at 8 percent against an inflation of 11.3.....

CBN to Sell N847bn T-Bills to Local, Foreign Investors Q1 2020
https://businesspost.ng/economy/cbn-to-sell-n847bn-t-bills-to-local-foreign-investors-q1-2020/

klas:
I was at Stanbic-ibtc Garki Abuja today but was told they no longer do secondary market because of cbn directives.

Can someone please confirm if this is applicable in their other branches?

I did the last one there in September.

That's not true, you can still do secondary market, try and get an account officer that you can be communicating with via email, my account officer can't try this with me, she knows the blasting she will receive

Thank God you are Nigerian and can earn interest on your cash, in most developed nations there are 0.0001% interest rates from jan to dec and in some there are none, some countries actually charge you to run bank accounts for you.

Make your money work for you asap.

eniorisha:
I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

TotoNaRubber:
Thank God you are Nigerian and can earn interest on your cash, in most developed nations there are 0.0001% interest rates from jan to dec and in some there are none, some countries actually charge you to run bank accounts for you.

Make your money work for you asap.

Anytime I see this your moniker ehn... .. I dey be like, na wetin Toto do this bros

richforever123:


That's not true, you can still do secondary market, try and get an account officer that you can be communicating with via email, my account officer can't try this with me, she knows the blasting she will receive

Thanks. I thought as much more so when it was the account officer that mailed the new updated form to me in November.

Unfortunately she is on leave, so I went to customer service.

I will surely lay a complaint against the CS buffoon on Monday to their head office.

AngelicBeing:
Lol, the god of mammon doesn't give wealth without repercussions, there's always a price to pay if your wealth is not from your sweat, if it is from the god of mammon, a payday is coming ahead, nothing beats working smart + your hands are clean + avoid sleeping with different random girls ( while your virtues / potentials is been destroyed gradually because of the different women and all the negative energies / badluck some of them carry + do unto others as you want them to do to you / be charitable and help the poor folks around you as much as you can + Have the fear of God in all your dealings = Peace of mind and happiness

Which one is negative energy, bad luck yada yada ?

contumely2:

Which one is negative energy, bad luck yada yada ?

There are ladies that come around you and your income skyrockets. Don't ask me why please. Same way there are some that come around and next thing is one loss to the next. Male and females not just females. Even with friends this occurs

healthserve:




There are ladies that come around you and your income skyrockets. Don't ask me why please. Same way there are some that come around and next thing is one loss to the next. Male and females not just females. Even with friends this occurs

Is Angelicbeing your alternate moniker?

Sukueponmalu:

Is Angelicbeing your alternate moniker?

Its a two-edged sword amigo trust me

healthserve:



Its a two-edged sword amigo trust me

Does this mean “Yes” ?

ahiboilandgas:
put up your thinking cap ....use same strategy u did to mass the capital

Thanks for d response. I got your points quite well. The thing is I have no definite profitable skill like dt. I was born, grown up & with dt 19 century belief dt going to school & getting educated was all one needs to be successful. So, I went all out on d street, did all manners of dirty jobs dt took me over a decade & returned to school. It was the little balance from my savings after I graduated dt I av dumped in tb since business aren't doing well for me until now TB threw my little change back @ me.




Some businesses I tried in my locale here; it's d marketing & unfriendly/unfavorable business environment that killed them all.

All I need now is a sustainable salary job. I'll appreciate any help to get fixed.

I'm teaching now though with a very meagre salary.. I av education Degree anyway. Once again, thanks sir.

Faceville:

Good day Mr Eniorisha, I went through your posts and noticed that your last tread was about suicide. Please you need to know that your challenges are just to make you stronger. I'm sorry for bringing up the topic here. I would've loved to meet with you in person but am not in Lagos. Remain Blessed.

Boss, u gat nothing to be sorry about. Rather, I appreciate your mention. I will appreciate you if you can msg me with your number (WhatsApp/Text msg). 08182896938.

Though, I'm stable for now. Thanks, sir

eniorisha:
I think I am the worse hit with this tb crash. For d past two months now, money just lay fallow in d saving acct. This government has been doing me with since 2015.

First, it's Naira devaluation dt winded up d business. Now, TB crash. Yet other real time business is no- go area for me. This is because Not only dt I av very low risk appetite, my greatest challenge is real time marketing & creating awareness for my business

State your business challenges. I'd love to hear them

[quote author=zamirikpo post=84674818]

my brother nobody can be as frustrated with this poor rates as myself. I wont begin to spell things outright for security reasons but my 5year plan has been destroyed. my childrens school fee policy, my building plan and even business projections, all have to be revised.

yes I made the original capital myself but the strength and zeal I had for the past 5years is no longer the same. but I stay positive, cos most times its not by he that willeth nor he that runneth but by GRACE/MERCY.

I now have to go back and think like my oga@ahib just confirmed. there must be a way. bond doesn't work for me, mmf isn't soo bad but the rates are also crashing. I just know that my only option in life is to be wealthy.....shikena.[/quote

It's well, boss. All I need now is a sustainable job. How much is a saving a little about 500k without a sustainable job? Smile.