aremso:


when i read stuffs like this i just burst into laughter, i think the best advice would have been, dont invest in what you dont know or before you invest, KNOW MUCH ABOUT WHERE YOU ARE PUTTING YOUR HARD EARNED MONIES. As i cant advice people to invest or not to invest, i will always tell them to know where they are putting there monies. Everyone paints our NSE as gloom and doom yet if you know when to enter and your exit time you still make good monies, like the little bulls alone today gave me 387k in a stock and in the next 90 days there might still be bulls cos of earning season with profits taking in btwn. Just know about where u put your money is the main advice, there are still some people who does not know a jack about tb and yet they also want to invest in tb cos people says in the safest investment

Akin3891:



just checked my account n yes you are right, the interest was paid into my account as at 31 dec,but what baffles me is that ,I had gained up to #20,000 as at the last time I checked my mmf account but only received 12,241 naira, the principal amount is 7m, investments runs for only 12 days, from dec 19th until 31st dec, furthermore, my present accrued balance shows *nothing* leaving 3 days investments not accounted for. How can accrued 20k gains be reduced to 12,241naira, eventhough some taxes were withheld , it shouldn't be that crazily much, is there anything I'm missing here? This kinda seems confusing unlike my lovely TBs which is always direct n unconfusing

Akin3891:



just checked my account n yes you are right, the interest was paid into my account as at 31 dec,but what baffles me is that ,I had gained up to #20,000 as at the last time I checked my mmf account but only received 12,241 naira, the principal amount is 7m, investments runs for only 12 days, from dec 19th until 31st dec, furthermore, my present accrued balance shows *nothing* leaving 3 days investments not accounted for. How can accrued 20k gains be reduced to 12,241naira, eventhough some taxes were withheld , it shouldn't be that crazily much, is there anything I'm missing here? This kinda seems confusing unlike my lovely TBs which is always direct n unconfusing

ogawisdom:


U are simply myopic or plain ignorant
There are always two sides to a coin, that u failed in business speaks volumes of your narrow mindedness but don't forget we still have many success stories like dangote et al.
If u don't want to invest in the real sector then shut up and accept the 1% on offer n crawl back to your cave.

Crashing TB n FD is excellent for our economy

richforever123:
In the UK TB rate is 0.75
In the US TB rate is 1.75
We are all shouting that there are no jobs, in a healthy economy, the Government does not provide all the jobs, it is the Entrepreneurs that do that. If we are all subscribing to Tbills, who will create the jobs for the masses
In as much I am sad about the dwindling TB rates (including the closing of borders) it the right step in the development of the country and as a Patriotic citizen I commend the FG's efforts

alwayspositive8:
Sorry for the Diversion....Please what will be the effect of the US-IRAN tension on oil price and its ultimate effect on exchange rate(Iran are big producer of crude oil)...Since its a known fact that Nigeria is still an oil dependent state and changes in oil price can affect exchange rate....Is it advisable to start keeping my investment in foreign currency to mitigate against any exchange rate risk or just maintain status quo

IyawoToBe:
The stupid Flour Mill I bought their IPO years ago. My 1million has turned to less than 100k

IyawoToBe:
OMGeeeeeeeeeee My new year has started on a good note!!! Let me dust my certificate. Thank you so much for this info.

alwayspositive8:
Hope you are aware that there is always a minimum holding period of 30days, hence there may be a penalty charge for redemption less than 30 days. I think that may be the reason for the shortfall.

Barrytone:
Please, date for primary market and whats the rates like now. Am tired of keeping money in savings account. I dont know what else to do.

ahiboilandgas:
i dont under stand why people keep quoting the us and uk to compare to Nigeria ...are the fundamental s ..u sit an put a 14 trillion dollars economy and 500 bn dollars together...u put an economy that lend out money at 1 percent with incentives to succeed to the one that lend out money at 29 percent with dead infastructure together ....oga pls let get real......nigeria should be compared with like of ghana ,chad,Ethiopia,Congo,angola burma etc....

ibechris:






Nice one,I like that.
Must everyone invest in TB when there are other ways u can make more and do a lot for urself.

ahiboilandgas:
really ?do what u did to generate the sum in the first place.....na 5

ogawisdom:


Exactly TB must be made very unattractive so that everyone with huge fund can think of productive ventures.

The cash cow TB n FD contributed to killing our economy and I am glad our economic management team have received sense at all.

#ReduceTBto1%now

richforever123:
In the UK TB rate is 0.75
In the US TB rate is 1.75
We are all shouting that there are no jobs, in a healthy economy, the Government does not provide all the jobs, it is the Entrepreneurs that do that. If we are all subscribing to Tbills, who will create the jobs for the masses
In as much I am sad about the dwindling TB rates (including the closing of borders) it the right step in the development of the country and as a Patriotic citizen I commend the FG's efforts

richforever123:


Bro, you are right, since the user don't know much about stocks hence the advice, just today Oando gained 17% (in one day)
If you know your Onions, why not?

seyisanya:


NSE Oando? Really?

bugmenot:


My brother, tell them o!

The environments are not comparable. At all! I often like to joke that in Naija you spent 90% of your business start up capital on things that basic infrastructure should have taken care of - generators, fuel, security, roads. How on earth can businesses thrive and become profitable in such an environment? I often hear of products imported from China that end up costing less than the locally manufactured ones. In the US and UK, you would start by drawing a business plan, leveraging existing infrastructure, and charting a path to a sustainable business. In Naija, you start from a generator store buying a backup for the backup generator.

It's amazing how in the twinkle of an eye, someone decides that we must have low single digit TB interest rates in an environment where banks issue loans at close to 30% plus a right and left kidney as collateral. In the developed world, you can get loans at low to mid single digit interest rates with a reasonable credit score. There are lots of enterpreneurs looking for financing to start or boost businesses despite the harsh business climate - the banks are however reluctant to lend because of the high risk involved. There's really no magic to it - providing 24/7 power supply, security, etc will reduce cost of doing business in Nigeria. Some of the CBN's moves are in the right direction - BVNs for example so credit worthiness can be assessed across financial institutions. We however have a long way to go.

It's often best when things are driven by market forces. Why for example is imported rice more desireable? Rather than ask such questions, they create artificial scarcity by closing the borders. Forced single digit interest rates in an unstable currency vs single digit interest rates in a stable currency like the USD or GBP, the better choice is obvious.

Anyways, enough of my ranting. We go siddown dey look.

emmanuelewumi:
Instead of lamenting over the current state of treasury bills in Nigeria, I think the most important thing is to open our inner eyes and think of or creat other opportunities.

But the current onslaught on Treasury Bill won't be forever, it may last 12 to 18 months or less, while waiting for the good days of treasury bills to return , get your money busy, get yourself educated about Investments, finance, money, business, wealth creation and the economy.

ogawisdom:


The only sensible comment so far
1 billion likes
A man of immense wisdom has spoken

Nigerians are extremely unpatriotic n selfish.

Imagine paying 18, 15, 12, 10% on TB in a country with mass unemployment n immense poverty

Nothing more than 1% is acceptable for FD n TB.
Environment may not be the same but we must start somewhere.
Up next crash lending rates

seyisanya:
The bolded ought to have been the first step.

emmanuelewumi:


Don't speculate. A company with a total debt of over N200 billion is a no no, while s company like Dangote cement is sitting on a huge cash of over N700 billion.

emmanuelewumi:



Don't tell me you still have certificates, Investment has gone digital. You should have dematerialized your certificates long ago

You will be advised to open a CSCS account through a stock broker

seyisanya:
Sir, I'm not speculating ooo. Kindly read the comment I quoted again. I was only shocked when I read 17% gain because NSEOando actually lost at the end of trading on Friday.

emmanuelewumi:



Meet the registrars to collect your money and outstanding divindeds.

I got in at N4 in 2017 and held the stock for 15 months was able to bailout at N17.00.

Those who held on sold to Olams at N24.00

IyawoToBe:


Don't mind me o. I just lost total interest in anything stock after what happened to NSE. The one that pained/pains me most is the ECOBANK transnational rubbish. All the money I made early in life as a young lady were used to buy stock, thank God for his grace. Reason why I would not go into it again no matter what anybody says.

I have all the certificates staring at me. I only use them to apply for visas I don't even know if it counts sef, but I normally get the visas after supporting my application with those 'useless' certificates

IyawoToBe:


Don't mind me o. I just lost total interest in anything stock after what happened to NSE. The one that pained/pains me most is the ECOBANK transnational rubbish. All the money I made early in life as a young lady were used to buy stock, thank God for his grace. Reason why I would not go into it again no matter what anybody says.

I have all the certificates staring at me. I only use them to apply for visas I don't even know if it counts sef, but I normally get the visas after supporting my application with those 'useless' certificates