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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4624685 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 freeman67: 7:51am On Jul 11, 2020 |
@ ozymes we can discuss here. |
Re: Treasury Bills In Nigeria by missjekyll: 8:05am On Jul 11, 2020 |
ozymes: You know,I was worried about this. I hope he has scruples and not harming the people in anyway. It's terrible what people can do for money 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 8:09am On Jul 11, 2020 |
.The Richest Man in China said: _If you put Bananas and Money in front of Monkeys, Monkeys will choose Bananas because monkeys do not know that_ Money can buy a lot of Bananas IN REALITY, if you offer JOB and BUSINESS to people, they would choose JOB because most people do not know that BUSINESS can bring more MONEY than Wages. Similarly, Robert Kiyosaki, author of the best selling book "RICH DAD, POOR DAD" and also a business partner of Donald Trump said: _"One of the reasons poor are poor, is because they are NOT TRAINED TO RECOGNIZE ENTREPRENEURSHIP OPPORTUNITIES. They spend too much time in school and what they have learnt in school, is to WORK FOR WAGES instead of MONEY WORKING FOR THEM. Profit is better than Wages, for Wages can make you a living but Profits can bring you a Fortune." THINK INVESTMENT and stop fighting over increments of salaries, it still won't be enough . Hear this from a Professor to freshmen and women during their orientation: (Actually he is an Acting DVC Academic at a small/ new university in Kenya) "Academic excellence is overrated! Being top of your class does not necessarily guarantee that you will be at the top of life. You could graduate as the best student in Finance but it doesn't mean you will make more money than everybody else. The best graduating Law student does not necessarily become the best lawyer. The fact is, life requires more than the ability to understand a concept, memorise it and reproduce it in an exam. School rewards people for their memory. Life rewards people for their imagination. School rewards caution, life rewards daring. School hails those who live by the rules. Life exalts those who break the rules and set new ones. So do I mean people shouldn't study hard in school? Oh, no, you should. But don't sacrifice every other thing on the altar of First Class. Don't limit yourself to the classroom. Do something practical. Take a leadership position. Start a business and fail. That's a better Entrepreneurship 101. Join or start a good club. Contest an election and lose. It will teach you something Political Science 101 will not teach you. Attend seminars. Read books outside the scope of your course. Go on missions and win a soul for eternal rewards... Do something you believe in! Think less of becoming an excellent student but think more of becoming an excellent person. Don't make the classroom to be your world but Make the world your classroom. Step forward, try politics, try farming, try businesses, try an extra thing . ."Entrepreneurship is the salt of life" diversify ur income. Don’t feel shy to share with others including your children. 11 Likes 1 Share |
Re: Treasury Bills In Nigeria by AMINDA: 8:44am On Jul 11, 2020 |
Most times, what Nigerians call "Connection" is what is known as "Networking" in the employment sphere. Globally, it is still the number one way people get hired in most industries and is generally preferred by HR professionals. Getting a qualified candidate for a job is not as easy as it seems hence the reliance on recommendations from already trustworthy individuals. Networking isn't a bad thing as long as one is qualified for the job, it is nepotism and cronyism that should be frowned upon. Networking, like any other skill, can be learned. Although, most times it is about being in the right place at the right time. Young graduates should strive to improve their networks. 16 Likes 3 Shares |
Re: Treasury Bills In Nigeria by NL1960: 8:51am On Jul 11, 2020 |
X21: He was contributing 90k monthly for 6 months and not 60k monthly. |
Re: Treasury Bills In Nigeria by fireback: 8:54am On Jul 11, 2020 |
XiaoLi:please recommend |
Re: Treasury Bills In Nigeria by NL1960: 8:55am On Jul 11, 2020 |
AMINDA: Gbam. There are times we recruit in my office without advertising. We just pass the information to the staff that if they have friends looking for work, they should get their CVs and send. Sometimes i contact ex-colleagues if we need staff and ex-colleagues also contact me if they need staff. 10 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 9:09am On Jul 11, 2020 |
NL1960: What you described is networking which is normal. But don't confuse it with "connection." Connection is when a senator has been given 12 slots for NNPC recruitment and he just goes to his village to pack his family members to send to NNPC whether they are qualified or not. With networking, you are recommending people that are really qualified for the job. I can't say the same for connection. 18 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:30am On Jul 11, 2020 |
jossy26: Too early to start all this, I guess you don't understand what he was trying to say. What works for you might not work for another person and what works for him might not work for you. We need to operate from the points of our comparative advantages and absolute advantages. You can derive these advantages based on your family, education, capital, exposure, experience, network, values, skills, location etc. We all need to look inwards.. I asked a guy working in the airline sector, how he has been surviving since he stopped receiving salaries in March. He said his folks ie brothers in the village send bags of garri, kegs of palm oil, tubers of yam, money etc to him. He gave interest free loans to them when they started their agribusiness about 10 years ago He regretted not diversifying and investing part of the salaries he earned in the last 15 years in agriculture 12 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:07am On Jul 11, 2020 |
corike: Where do I start from? The promised returns? Holding your money for 6 months? No access to their books to know what is going on? |
Re: Treasury Bills In Nigeria by Nobody: 10:08am On Jul 11, 2020 |
jossy26: Thanks for the advise, 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:12am On Jul 11, 2020 |
freeman67: Wanted to even ask, what mutual fund is this? |
Re: Treasury Bills In Nigeria by X21: 10:42am On Jul 11, 2020 |
NL1960:thanks for pointing that out capital rate interest 1 90,000.00 8.16% 612.06 2 180,612.06 8.16% 1,228.29 3 271,840.35 8.16% 1,848.70 4 363,689.06 8.16% 2,473.34 5 456,162.39 8.16% 3,102.22 6 549,264.62 8.16% 3,735.38 13,000.00 dollar fund is better |
Re: Treasury Bills In Nigeria by TotoNaRubber: 10:59am On Jul 11, 2020 |
Bro which of the Banks own the dollar fund that earned you this interest. What is the current rate for the dollar fund, it seems someone can invest in it with less than $10k. Is there any capital risk with the dollar fund? Thanks freeman67: |
Re: Treasury Bills In Nigeria by freeman67: 11:07am On Jul 11, 2020 |
TotoNaRubber: GonFreecss1: United Capital../ investnow.ng Yes you can invest in it below N10$k, I have forgotten their minimum but it should be around $2500. 1 Like |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 11:16am On Jul 11, 2020 |
AMINDA: Networking isn't easy o. People won't help especially when they know you are very qualified and the job can change your financial life. They rather recommend their family relations. But if it's one sme-sme job like that, they will be quick to call you. Nevertheless, networking is good, I have gotten two jobs in time past from just recommendation. 8 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 11:21am On Jul 11, 2020 |
Check commercial paper if you bank with FBN or FBN Quest, your funds is safe like Tbills fireback: |
Re: Treasury Bills In Nigeria by alphascorpio(m): 11:51am On Jul 11, 2020 |
AMINDA:There is a huge difference between networking and nepotism. If we're being honest, what happens in Nigeria is best described as nepotism not networking. 10 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 12:15pm On Jul 11, 2020 |
Interesting read, especially the part about school and schooling. ukay2: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:20pm On Jul 11, 2020 |
alphascorpio: Please explain. |
Re: Treasury Bills In Nigeria by ozymes: 2:15pm On Jul 11, 2020 |
Which institution did you use for the dollar fund please? freeman67: |
Re: Treasury Bills In Nigeria by freeman67: 2:21pm On Jul 11, 2020 |
ozymes: United Capital/ investnow.ng 1 Like |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 2:31pm On Jul 11, 2020 |
alphascorpio: Except you're working for the government, most private organizations would require you to have the requisite skill. Are you saying a job like software development can be gotten via "man know man"? If you're simply not initially capable, even if your brother owns the company, you won't be employed if you don't have the skills. |
Re: Treasury Bills In Nigeria by ozymes: 2:32pm On Jul 11, 2020 |
Called the Nigerian Eurobond Fund? freeman67: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:35pm On Jul 11, 2020 |
Tobex4realTobex234: Even Dangote employed his top management staff based on their experience, knowledge and ability to deliver not because they are from Kano or pray together in the same mosque |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 2:35pm On Jul 11, 2020 |
This village and city talk has got me thinking since. My organization has allowed us work remotely since March this year and I was asking myself "do I actually need to renew my rent?" Why should I spend a lot renewing my rent in Lagos when I could go to Ibadan and pay way less for a bigger space. If I've been able to discipline myself to save 60% of my income in Lagos, I'm sure I can do 80% in Ibadan, so why am I still here ?? 9 Likes |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 2:39pm On Jul 11, 2020 |
emmanuelewumi: Don't mind people like alphascorpio abeg. When OPay started, they poached staffs from Gokada. When Konga started, they poached staffs from Jumia. Poaching staffs mean you have to offer them better remuneration. Please why are they doing that when they could employ all their family members. Forget all those "man know man" type of jobs, they are usually low paying government jobs. No real job would be offered solely on the basis of connection. Now I put it to you alphascorpio, I have a slot for you as a surgeon in NNPC, the pay is very high, please will you take it? That's not how these things work dude. 3 Likes |
Re: Treasury Bills In Nigeria by freeman67: 2:42pm On Jul 11, 2020 |
ozymes: Yes. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:43pm On Jul 11, 2020 |
Tobex4realTobex234: The pandemic will end up creating a new sets of normal. I learnt 60% to 70% of workers on Victoria Island are still working from home. 3 of my Stockbrokers have not opened their physical offices but they have done and still doing transactions running to billions of Naira between April and now. This may affect cost of real estate on the Island. Businesses may just need small offices where workers can come once or twice in a month 10 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:54pm On Jul 11, 2020 |
Wel, well, well The current discussion is very very interesting There are opportunities in the west There are opportunities in Lagos And there are opportunities in some rural areas. Most black folks who did not succeed in the west wont have succeeded in Nigeria either Success is more of function of the person There are a good number of millionaire nigerians in the diaspora (USD) Tho they are in the minority It tells that you can succeed out there too with the right mindset Here in Nigeria as well The millionaires are also in the minority If that weren't the case Nigeria wont be the headquarters of extreme poverty I personally am putting plans in place to relocate permanently, as I have had enough of this madness in the country. No more back and forth Permanent move. And I know just as I have achieved some level of success here I will do same abroad too. But that's just me Everyone should know what is best for him or her And go with it But the idea that a black man cannot make it in the west is pure bunkum 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:56pm On Jul 11, 2020 |
And for those saying that nepotism does not exist in the private sector I just dey laugh una ![]() ![]() 4 Likes |
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