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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4617350 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 XiaoLi: 5:55am On May 14, 2020 |
The bolded is correct, however as the Nigerian economy is unpredictable i still think someone need to have atleast 10 billion Niara worth in assets, investments e.t.c to be able to stand all weather in the Nigerian economy emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:03am On May 14, 2020 |
XiaoLi: Less than 100,000 Nigerians have N10 billion. That is less than 0.05% of the population. A report from CBN has it that less than 2% of Nigerian bank customers have 500k in their accounts 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 6:04am On May 14, 2020 |
If this is true then i think most of them have the embezzlement mentality,always thinking they will steal from somewhere to continue their lavish lifestyle, i see no reason why someone who earn 300 million naira per annum will not save atleast halve of it. emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 6:10am On May 14, 2020 |
It is one of the reason Nigeria is regarded as poverty capital of the world, in the country i live someone who is worth 4million usd is still seen as a beginner. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:11am On May 14, 2020 |
XiaoLi: They actually earned the money for 4 years, working an average of 20 hours per week, for less than 30 weeks in a year. They have vacation of about 22 weeks in a year 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:12am On May 14, 2020 |
XiaoLi: That is debatable will you rather have your $4 million there or your N1.4billion here I will rather have my N1.4 billion here sha 5 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 6:16am On May 14, 2020 |
It is a total jamboree, i think this is one of the reasons they go broke within a short period of time. Blood money, easy come..easy go! emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 6:29am On May 14, 2020 |
I am sure most people will prefer to have 10billion Naira in Nigeria, what i was actually trying to say is that 10billion Naira in countries with good economy and a better living standard is not actually a big deal. My Singaporean friend has an apartment worth 350k usd,still active and working,can afford simple things to sustain life and still sees himself as poor. Most people who are worth 350k usd in Nigeria will see themselves as either rich or wealthy. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:36am On May 14, 2020 |
XiaoLi: Cost of living varies, the amount needed to be rich or wealthy will vary in different countries. With N360 million or $1 million you should be comfortable in Nigeria, but that can't be the case in the US If you earn $1000 in India you are a big man, 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:39am On May 14, 2020 |
A farmer with a Networth of N100 million in the village at Ekiti state, can't be compared with someone with a Networth of N150 million in Lafos. 3 Likes |
Re: Treasury Bills In Nigeria by otomatic(m): 6:42am On May 14, 2020 |
Diyke4rich: For me being rich or wealthy is relative and not dependent on a specific sum of money. If you can maintain a comfortable lifestyle with your current income, then you are as wealthy as the number of years you can maintain that lifestyle without any need to work for money. That's why one must have assets that provide cashflow not just assets that count as networth. So, considering your desired standard of living, how long can your finances last. That is how wealthy you are. 7 Likes |
Re: Treasury Bills In Nigeria by 4tunebest(f): 7:06am On May 14, 2020 |
emmanuelewumi: Good morning Mr Emmanuel. Please I need to discuss something confidential with you. Sent a pm this morning. Kindly respond. Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:13am On May 14, 2020 |
4tunebest: Saw your PM, unfortunately I don't respond to PMs. You can ask whatever you want on a dead thread and edit it after I have answered you 1 Like |
Re: Treasury Bills In Nigeria by Hallenjay: 7:16am On May 14, 2020 |
So we cannot buy tbills again, no anyway we can just hustle it? Topics here has drifted from the main reason for ds thread, how can we Av daily updates on happenings around tbills bk... I need business to survive, ds salary isn't enuf n my wife doesn't Av anything to support me 4 now... Pls tbills happenings 5 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:28am On May 14, 2020 |
Hallenjay: TB is on recess, rates range from 2.5 - 3.8%/anum our oga's have advices us to wait for things to improve. So for now we are getting general life lessons. Call it freebies ![]() 11 Likes |
Re: Treasury Bills In Nigeria by 4tunebest(f): 7:30am On May 14, 2020 |
emmanuelewumi: Alright. This is well noted. Thank you |
Re: Treasury Bills In Nigeria by Hallenjay: 7:31am On May 14, 2020 |
zamirikpo:chai, e be like say I'll do POS business wt ds cash... Who get idea about d bis, cost n Co and which bank pos is d best. Am banking with Access, Gtb, fcmb, firstbank ,uba and eco bank. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:35am On May 14, 2020 |
otomatic: I think ur have given a more comprehensive answer. CONSISTENCY is key.......in whatever economy good or bad as long as u keep making money , u are green.... I'll prefer a viable business of a lifetime(gas plant, filling station,transport company, real estate etc) over a cash gift of 500million. Walahi... 2 Likes |
Re: Treasury Bills In Nigeria by otomatic(m): 7:39am On May 14, 2020 |
Hallenjay: Your savings account interest rate, presently 4.05% is better than tbills. Just make sure you don't withdraw more than 3 times a month so as to earn it. 2 Likes |
Re: Treasury Bills In Nigeria by Ugmama(m): 7:45am On May 14, 2020 |
Hallenjay: Just use this period gather more savings, so that once rates are fair... You buy 1 Like |
Re: Treasury Bills In Nigeria by rationalhuman(m): 7:45am On May 14, 2020 |
Yes, A Phone you will get here in 120000 Naira you will get in India in less then 70000 naira (Equivalent) The same medicine you will get here in 8000 Naira you will get in less then 1500 Naira, Same Motorcycle (Bajaj Pulser fro example) you will get here in 800k you will get in India in less then 350k Thus A person in India getting 1000 USD can enjoy the lifestyle what we in this continent can not even dream in 4000 USD. emmanuelewumi: 2 Likes |
Re: Treasury Bills In Nigeria by Hallenjay: 7:50am On May 14, 2020 |
otomatic:which of d bank ia giving ds... Accesse gave 600 naira for 200k savings, I didn't even transfer once not to talk of withdraw and gtb gave me 200naira for 70k no withdraw of any type... Are des up to d 4.05%. |
Re: Treasury Bills In Nigeria by Muzikluva(m): 7:56am On May 14, 2020 |
Barrytone:Can we please talk offline? I'd really appreciate that. |
Re: Treasury Bills In Nigeria by AnthonyAnderson: 8:00am On May 14, 2020 |
[quote author=rationalhuman post=89527032]Yes, A Phone you will get here in 120000 Naira you will get in India in less then 70000 naira (Equivalent) The same medicine you will get here in 8000 Naira you will get in less then 1500 Naira, Same Motorcycle (Bajaj Pulser fro example) you will get here in 800k you will get in India in less then 350k Thus A person in India getting 1000 USD can enjoy the lifestyle what we in this continent can not even dream in 4000 USD. [/quote Thats why they are taking over jobs globally especially in the Middle East. The indians will always work for peanuts.....Same way they pay employees very low in inidan run companies. 1 Like |
Re: Treasury Bills In Nigeria by AnthonyAnderson: 8:01am On May 14, 2020 |
emmanuelewumi: Please how recent is this? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:04am On May 14, 2020 |
AnthonyAnderson: Very recent, about 2019. I want to give you an assignment, can you list 2000 Nigerians which you think will have a minimum of N10 billion Networth, don't include there over priced real estate in your calculations. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:06am On May 14, 2020 |
[quote author=AnthonyAnderson post=89527453][/quote] I can't explain why a lot of Fortune 500 companies are opting for Indian CEOs |
Re: Treasury Bills In Nigeria by AnthonyAnderson: 8:21am On May 14, 2020 |
emmanuelewumi: I meant the 2% statistics....Is this as recent as 2019? |
Re: Treasury Bills In Nigeria by otomatic(m): 8:21am On May 14, 2020 |
Hallenjay: All banks. The rates are uniform as stipulated by the CBN's guide to bank charges. However, some may have specialized savings products, like the former Diamond bank' high interest deposit account, that will give slightly higher rates. But the rate I quoted is for a normal savings account. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:21am On May 14, 2020 |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:23am On May 14, 2020 |
emmanuelewumi:it an Ndic reports that 500k insurance covers 90 percent of bank deposits...a report says that their are about 10000 millionaire in nigeria (1 million dollars above)....80 percent reside in Lagos....dont know how true |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:25am On May 14, 2020 |
ahiboilandgas: Millionaires in dollars, I don't think the 10k figure from a foreign magazine is correct |
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