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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4604126 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 oneroflo57(m): 12:32pm On Jul 03, 2020 |
Nigsrdumb: What about VGIF, what do you think about it? |
Re: Treasury Bills In Nigeria by seankafor(m): 12:43pm On Jul 03, 2020 |
What can make someone run into this kind of dept? https://www.nairaland.com/5966738/amcon-takes-over-festus-fadeyis |
Re: Treasury Bills In Nigeria by Nobody: 12:44pm On Jul 03, 2020 |
oneroflo57: Don't do mutual funds, tb or anything like that. Go for better options like stocks and bonds. I can give you tips on where to start but this thread is strictly tb. 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 12:47pm On Jul 03, 2020 |
ojesymsym:It doesn't work like that, they balance your account before the month end and credit you after month end with the interest on the previous balance. 3 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:56pm On Jul 03, 2020 |
emmaodet:Na person weh no know. Business is very very very hard but it pays if you can navigate the storm. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:57pm On Jul 03, 2020 |
ojesymsym:Everywhere in the world,if you no guide your business well,your employees will use your money and shine. It's not a Nigerian thing only. 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmaodet: 1:05pm On Jul 03, 2020 |
Theconglomerate: Hmmmmmm Very very very oooooo It is when i dabbled into business that i started appreciating successful business men around me and the one i know. The major draw back i see in business is the human factor. Human factor Human factor Theft, swindling, inflating of prices and stocks, roundtripping etc and it goes on and on and on. 7 Likes |
Re: Treasury Bills In Nigeria by emmaodet: 1:11pm On Jul 03, 2020 |
ojesymsym:Yes, to me, this is the major factor. Others are government policies, competitors, buyers/wholesalers/distributors/marketers that won't mind buying off your goods or products at ridiculous prices far below the cost of production, theft from workers, machinery breakdown, power/electricity shortage etc and the list goes on and on and on. Sometimes, i look at how indians, Lebanese, Pakistanis, chinese are surviving and making a lot of profits in this same nigeria economy and sometimes i believe they are doing shaddy deals behind to pad the profit like cocaine. I may be wrong though. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:11pm On Jul 03, 2020 |
emmaodet: If that side business can fetch 50% or more of your salary, that is the right time to turn that side business to full time business. If you are serious with it, you can twice or more of your salary from the business within few years. 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:20pm On Jul 03, 2020 |
seankafor: Shame |
Re: Treasury Bills In Nigeria by emmaodet: 1:21pm On Jul 03, 2020 |
Theconglomerate: ![]() ![]() |
Re: Treasury Bills In Nigeria by Akerewe(m): 1:21pm On Jul 03, 2020 |
emmanuelewumi:oh! Noted chief. Thanks for your prompt response |
Re: Treasury Bills In Nigeria by emmaodet: 1:22pm On Jul 03, 2020 |
emmanuelewumi: Maybe, probably. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:24pm On Jul 03, 2020 |
emmaodet:Indians,Lebanese,etc...succeed because they come with good money. Wetin money no fit do,too much money go do am. For instance,Indians doing well here are in retail. They come with good capital,establish good and clean structure,bring all products under one conducive roof and sell even cheaper than your regular "iya big nyarsh" for dirty market. Tell me,why won't he make it? ![]() How they do it is that all the products they sell is sourced directly and they eliminate almost all middle men,giving good room for competitive pricing. Iya big nyarsh buy from sub distributors with her 100k capital at very high prices with high overhead making her pricing high upon dirty market she sells in. Why I go leave spar go iya big nyarsh shed? ![]() Succesful Lebanese are in a niche market(construction) built for them by their great grandfathers. Leave those ones,them hold money and connection die. If you have money as a manufacturer and distributors dey form for you to buy your product and dey want dictate price for you,simply open retail outlets yourself and crash the price and watch him suffocate na ![]() 10 Likes 3 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:29pm On Jul 03, 2020 |
emmaodet: You spent 10 hours or less every week running your side hustle and it gives you 50% of the income from your full time hustle. If you turn the side hustle to full time hustle, spending minimum of 40 hours every week. In 2 years times all things being equal you will make 200% of your former salary unless you are not a born entrepreneur. 2 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:32pm On Jul 03, 2020 |
emmanuelewumi:Exactly. The only reason his friend is still running his farm as a side hustle is because it isn't profitable enough or worse,running at a loss ![]() Maybe his friend might even be paying his labourers their "salary" from his "salary" and crying to bed every night. ![]() Business hard ooo... ![]() ![]() ![]() 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by NL1960: 1:36pm On Jul 03, 2020 |
ojesymsym: Capital No !!!!!!!!!. Interest is accrued daily and paid at the end of the month or at the monthly anniversary of the account i.e. monthly anniversary of when the account was opened. |
Re: Treasury Bills In Nigeria by emmaodet: 1:39pm On Jul 03, 2020 |
Theconglomerate: You are right again bro. Cutting off as much middlemen as possible from initial point to the final point is a key criteria for having a successful business. 1 Like |
Re: Treasury Bills In Nigeria by pinkyruledworld(m): 1:40pm On Jul 03, 2020 |
purleesh:Nigerians always smart thinking |
Re: Treasury Bills In Nigeria by emmaodet: 1:41pm On Jul 03, 2020 |
emmanuelewumi: Hmmmmm Bro, things are not always as easy as seen on paper ooo or typed. The more you look, the less you see. Until you start, before a lot of things not on the paper will start popping up. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:46pm On Jul 03, 2020 |
emmaodet: Their money circulates within their community. The manufacturers are family members, in-laws, close friends. They have family Businesses that have been operating in Nigeria for between 50 years to over 100 years. With their type of pedigree, experience, networks, structure, control and capital, it will be very difficult not to grow and exhibit resilience. Waiting for the time we will have a Nigerian brand or business of 70 years and above that is still growing in leaps and bounds. 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 1:47pm On Jul 03, 2020 |
Sholapey: This is no longer the process. Interest is calculated on your daily balance on daily basis and accumulated somewhere from where it is paid at month end. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:50pm On Jul 03, 2020 |
emmaodet: Then your side hustle is not bringing in 50% of your full time hustle and you don't have the entrepreneurial drive Find out from successful entrepreneurs who were once employees, they will tell you they have a passion for what they were doing, they had a side hustle, their wife bought into the dream, the side hustle started bringing in substantial income eg 40% and above, before they made the side hustle a full time hustle. 4 Likes |
Re: Treasury Bills In Nigeria by brandable: 1:51pm On Jul 03, 2020 |
emmanuelewumi: Hopefully Dangote group should grow beyond the founder. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:55pm On Jul 03, 2020 |
brandable: He may need to start a gradual stepping aside. Listen to the interview of the co-founder of GTB Mr Fola Adeola. This month will make it 18 years since he stepped down as the CEO of the bank... Dangote group is currently built round Aliko Dangote, very difficult to say if the business will continue to thrive after the demise of the founder. 6 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 1:59pm On Jul 03, 2020 |
Each time I buy Dangote shares, this thoughts always lurks in my mind. emmanuelewumi: 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 1:59pm On Jul 03, 2020 |
Olaide1295: Digital agriculture and Bitcoin? Why do people like to lose their money? 4 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:11pm On Jul 03, 2020 |
missjekyll: Can “we” in Nigeria use Ace Transfer? I.e. can I convert FX to naira and send it to myself in Nigeria here? |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:17pm On Jul 03, 2020 |
unite4real: Me I just want to know the International Agency. ![]() |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:20pm On Jul 03, 2020 |
Theconglomerate: The problem with your list is ignoring the fact that they all at least were eating. i.e making money from somewhere or someone giving it to them. Wonder why you didn’t add Warren Buffet and other people who did otherwise (actually earned salaries then started business) in that list. Life is not a 0 or 1 approach, there are a lot of infinite decimal places between 0 and 1. 1 Like |
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