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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4603628 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 Donbrig: 4:22pm On Aug 10, 2020 |
University degree in Nigeria is highly exaggerated. Most Nigerians doing very well in businesses never went to university. I've personally never seen the four walls of a university classroom in my life, but virtually none of my friends who went to the university is doing better than me today. We should focus more on vocational institutions, we need more training centres for our local technicians, plumbers, auto-mechanics, welders, fashion designers, carpenters, etc. It is really heart-wrenching to know that some states in Nigeria today have more than 8 (ill-equipped) universities and don't have any vocational institutions for the youths. Education and Health centres should never be built by govt or individuals for profits, because these are core institutions that have more to do with humanity rather than profits. The Igbos are one of the most successful tribes in Africa today due to their ability to learn a hand-work or trade, regardless of their background. University education shouldn't really be for everybody, I am not saying it is bad to get a university degree, but you can still excel in life without one. 20 Likes 2 Shares |
Re: Treasury Bills In Nigeria by ojesymsym: 4:26pm On Aug 10, 2020 |
I had that fear initially, but if I understand how affiliate systems work, I do not think the person who introduces you to the platform is allowed to see your data. The amount of effort the guy puts in also made me used his link. He is also very knowledgeable about investments as a whole, that is not something I can say from many of his peers. NL1960: 4 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 4:28pm On Aug 10, 2020 |
NL1960: OK. Thanks for the kind words. Actually the way this link is structured, it's direct to the server. I will still not know you except you give your names after registration which is not mandatory. Thanks in advance for using the link. 3 Likes |
Re: Treasury Bills In Nigeria by omogerohprecious(m): 5:56pm On Aug 10, 2020 |
Learnt alot. Thank you OP 1 Like |
Re: Treasury Bills In Nigeria by mnwankwo(m): 7:44pm On Aug 10, 2020 |
Donbrig:Yes, University education is not for everybody but education in Nigeria is just a reflection of the entire Nation. You do not expect our Universities to be different from other facets of Nigerian life. Corruption is a religion here in Nigeria and even if you establish vocational Institutions, the same cancer of corruption will kill them. You should not forget that technical schools and vocational education were already in existence far back but corruption and lack of foresight killed them off. In the 70s , Nigerian Universities were as good as any good University in the UK , US, or Europe. At that time, professors from University of London, Imperial College, MIT, etc come to Nsukka (UNN) or Ibadan (UI) to evaluate undergraduate/ post-graduate thesis and Nigerian professors from UNN and UI also travel to these American and European world class Universities as external examiners. It is not that there was no corruption in Nigeria in the 70s. However in the 80s and beyond, corruption became systemic and got institutionalized. It destroyed public schools at al levels including University education. Corruption is responsible for the decay in our Universities; from faculty/staff recruitment, poor infrastructure to obsolete curriculum. The model you are suggesting is in place in Germany and Scandinavian countries but may not work here in Nigeria due to corruption. Universities should be a place where young minds are nurtured in the skills of critical thinking and creative reason. Buying and selling may make one rich but without innovation the country will remain poor. Sustainable progress is inextricably linked to the creative and innovative ability of a Nation. Countries like Germany and Japan with little or no natural resources may fall into recession but will always manufacture themselves out of any recession because of the creative and innovative ability of their citizens. If corruption is reduced in Nigeria, Nigerian Universities can be transformed within 5 year to be world beaters. Education is all about skill set that is transferred to the young minds. Unfortunately, due to corruption many Nigerian academics do not have the skill sets themselves, not to talk of transferring them to young ones. In my three decades as an academic in different parts of the world, I must admit that Nigerian students are exceptionally smart. Give them the skill set and the enabling environment and they will fly. Without corruption, Nigeria has the intellectual capacity to compete effectively with the so called first world. Cheers 21 Likes 2 Shares |
Re: Treasury Bills In Nigeria by aliadi2: 10:07pm On Aug 10, 2020 |
Hello gurus and everyone, i am new on this thread and i have started reading from half of the thread so that i can be more informed on investing. Please i am planning to invest 500k in the coming month on fixed deposit account but someone suggested that i invest it on t-bill because the percentage is more higher, i plan on adding the saving that i can gather every 6month to reinvest it on the fixed deposit so that the profit can increase. Please my plan is to use this money to fund my education abroad after i finish my university education in the next 4 years. I would like to know if fixed deposit account is better or t-bill and can it also help me achieve my goal of studying abroad. Looking forward to your advice thanks and all the best. |
Re: Treasury Bills In Nigeria by Greenvaiper: 10:39pm On Aug 10, 2020 |
Pee2Jay9: Are you normal? |
Re: Treasury Bills In Nigeria by Phraences: 10:48pm On Aug 10, 2020 |
Donbrig: The carpenters, electricians etc in my area usually complain that youths are not interested in apprenticeship anymore. They all want to ride okada or do yahoo yahoo. Every body wants to hit it big and hit it quick. No time to waste time. Somehow, i don't really blame those ones riding okada or keke. To survive you just have to go where the money is. 2 Likes |
Re: Treasury Bills In Nigeria by michaelogunleye(m): 10:56pm On Aug 10, 2020 |
ojesymsym:The Federal Government of Nigeria Savings Bond ("FGNSB" ![]() This is to inform you that the Federal Government of Nigeria Savings Bond offer(s) for the month of August - 2020 has commenced on the 10th of August, 2020 and closes on the 14th of August, 2020. It consists of two (2) tenors: 2-Year FGN Savings Bond due August 12, 2022: 3.61% per annum 3-Year FGN Savings Bond due August 12, 2023: 4.61% per annum 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmasoft(m): 10:59pm On Aug 10, 2020 |
aliadi2: You are welcome to this great thread where we learn and relearn investment. Good you are here but I am not sure you have read about my write up on Vantage guaranteed income fund VGIF. From the investment objectives you described, the best investment option will be mutual fund in particular Vantage guaranteed income fund VGIF features: capital guaranteed interest of 7.5% guaranteed which is far higher than the highest rate of any Tbills tenor or fixed deposit opportunity to reinvest your interest (compounding) interest paid twice in a year July and January easy entry and exist top up with any amount at anytime allowed extra income above the guaranteed 7.5% available services of a reputable fund manager - Investment One (Former Gtbank Asset management) opportunity to open, operate and monitor your account online and access services anywhere you are in the world and lots more. to open account click on the link on my signature or call/chat 08181057319 for more. N.B: you don't need cash to open VGIF account and investment one will never ask for cash to open account for any product. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:39am On Aug 11, 2020 |
mnwankwo: Well said I was about to comment But you said it all..... |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:46am On Aug 11, 2020 |
Donbrig: Even the Chinese do not trust the chinese currency So anything China is already out of the way Dead on arrival Like I always say.... We are heading to a point where the global reserves will he held in a more diversified way... With the USD portion of the global reserve in percentage dropping And EUR, GBP, JPY,CAD and maybe RMB increase in percentage EUR is having a bump in central banks radar for keeping reserves The Nigerian Naira would have also been in that basket if currencies, at least on the African continent, as w reserve currency, if not for the perpetual uselessness of the country and the people in it..... NGN supposed to be a currency other central banks on the continent would hold a fraction of their reserves in..... This Nigeria eh ![]() 5 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:52am On Aug 11, 2020 |
ahiboilandgas: Whay the CBN should do is to STOP being the monopoly on foreign currency in Nigeria...... In South Africa Forex can be gotten from multiple sources It's in Nigeria I see folks queueing at the central bank to go get forex ![]() This is the genesis of the problem.... Yes indeed The central bank is a player They have to keep reserves for stabilisation purposes But at some point They have to let off that grip... The same way NNPC grip on petrol needs to be relaxed Nigerians know what to do They just dont want to do it Cos the current system favours them 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:01am On Aug 11, 2020 |
Donbrig: You care to explain the bolded I mean Give me your perspective on it Cos I definitely have mine Would like to hear yours |
Re: Treasury Bills In Nigeria by NL1960: 9:03am On Aug 11, 2020 |
DexterousOne: Gbam. Somebody wants to send his/her son abroad to school, he/she goes to CBN to get FX thereby subsidizing the person's child education. Somebody wants to travel on holidays abroad to enjoy his/her life, he/she gets FX from the CBN for it thereby subsidizing the person's holiday trip. Meanwhile, when going to my village for holidays to enjoy palmwine and fresh fish, the CBN does not subsidized the Naira i will use there. 13 Likes |
Re: Treasury Bills In Nigeria by maishai: 2:02pm On Aug 11, 2020 |
mnwankwo:What people tag as corruption is what I refer to as MISPLACED VALUE JUDGEMENT............ Right now everybody worships money, Look well today: Nobody wants to be a teacher, everybody wants to own the school Nobody wants to be a Nurse or Doctor, We all want to own the hospital Nobody wants to be the Farmer, but we all want to own the farm Nobody wants to be a Mechanic or welder, We all want to own the Workshop..................................................... etc This are trades and profession that The average Nigerian knows that If He ventures into it whole heartedly "HE WILL NEVER MAKE IT" in the eyes of society.................. So why waste Time when " I can make it by owning the entity"........ There is nothing wrong with the Nigerian Education System...... What is wrong is the People and the Notions running them, The bulk of the Knowledge and Equipments in them are even Under utilized to now talk of the latest cutting edge Equipments....... Our leaders know this, that is why THEY RUSH TO COUNTRIES WHERE THEIR PEOPLE UPHOLD GOOD VALUES on matters of self importance......... An average Nigerian Politician prefers to rush to Germany for malaria Treatment because He trust the German Doctor to abide by the Hippocratic Oath of life first before any other thing Than His Nigerian Counterpart..............All in all Medcine remains Medcine 8 Likes |
Re: Treasury Bills In Nigeria by betty63569(f): 2:05pm On Aug 11, 2020 |
Boost your business,firms,small scale business *Get up to.N5 million loan facility *Attractive interest rate *Pay back in 6 months. *Get low amount of loan up to 100k Mode of application: send enquires to ngozi.joseph@jbscredit.com And get started. |
Re: Treasury Bills In Nigeria by ositadima1(m): 2:47pm On Aug 11, 2020 |
Donbrig: You are lying bro, which sss3 student writes like this. Any way sha, maybe na because I go kpako secondary school. In my class back then if u dey write like this na most to enter uni, and them few. 1 Like |
Re: Treasury Bills In Nigeria by Joy83(m): 3:34pm On Aug 11, 2020 |
ositadima1:He may be HND holder. 1 Like |
Re: Treasury Bills In Nigeria by omakay(m): 3:51pm On Aug 11, 2020 |
ositadima1: There is enough life after U.B.E that can make one as literate as ever. Funny enough, english language is not even taught as a regular course for everyone in the university. So if your english is a mess before entering the university, there is no guarantee that it will be any better after graduation. 20 Likes |
Re: Treasury Bills In Nigeria by mnwankwo(m): 4:07pm On Aug 11, 2020 |
maishai:I see your point but in my view corruption is the cancer and misplaced value judgment is just a benign tumor. Corruption is intrinsically evil and have no consideration for the well being of his neighbor or society. Misplaced value judgment will self-correct because the consequences of it will clearly demonstrate that it is a wrong call. But corruption is self-serving and is only interested in personal gains and have no regard for the ethics or morality by which those gains were achieved. A corrupt society follows the Machiavellian principle of the "end justifies the means" Yes, nobody wants to be a doctor, nurse, teacher, farmer etc as you mentioned because corruption made it virtually impossible for called and genuine doctors, teachers, farmers, plumbers etc to rise to the position where they can make or influence policy; policies that would have provided the enabling environment for the development of the human capital. Yes, our politicians rush abroad for medical treatment because the can not trust their health to Nigerian hospitals and doctors. Indeed, is it not ironic that they are taken a flight from the same health infrastructures their corrupt activities created? Western doctors seem better because of the healthy and non-corrupt health infrastructure. But make no mistake, some Nigerian doctors are medical whizkids, literally performing miracles with little or no instrumentation. As I said with students in my previous post, let Nigeria provide a little enabling environment for Nigerian medics and they will fly. I lived half of my adult life in Nigeria and the other half in the West and have experienced both health systems. Remove the sophisticated diagnostic instrumentations from an average medical doctor in the West and he will be nothing more than a WebMD. Sadly, we Nigerians are mentally colonized for we always think that whatever is in the first world is better. It is not that simple. Our education system and the actors in it are all products of corrupt policies. In the 21st centaury, Nigerian Education system is based on memory intelligence. If you can regurgitate the meaningless garbage doled to you by your teachers or outdated books, then you graduate with flying colors. Memory intelligence is just a very small aspect of overall intelligence. A modern education system should be based on critical/analytical thinking and problem solving. In Scandinavian which in my opinion have the "best" educational system (Norway, Finland, Sweden and Denmark), group work, problem solving and critical thinking are embedded in the education of a child, right from kindergarten. But in Nigeria, we burden kids with cramming the names of governors and things of a similar nature? How will recollection of the names of 36 states in Nigeria help a child detect gaps in a puzzle or question the entire concept of a given puzzle. On my return to Nigeria, I was teaching a Molecular Genetics class. When I introduced critical thinking and problem solving in students evaluation, the result was a disaster. More than 95% of the A grade students performed badly while some of the so called C and D grade students were making A grades. It is dawned on me that we are in trouble as a Nation. Hopefully, we will get our acts together or else we will become extinct. Cheers 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:57pm On Aug 11, 2020 |
Commercial papers at 7% for 270 days 3 Likes
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Re: Treasury Bills In Nigeria by ojesymsym: 6:07pm On Aug 11, 2020 |
Emma VGIF better pass this one na. emmanuelewumi: 4 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 6:19pm On Aug 11, 2020 |
Apart from Americans having the best and most sophisticated military in the world, the second most effective weapon they have against the rest of the world is having about 70% of dollars in circulation across the globe and foreign countries holding a huge percentage of dollars in their national reserves, their third weapon is ensuring that international oil and gold trade are priced in dollars, "America First". After the second world war, Americans felt the world owe them a lot and they have every right to dictate world affairs with impunity, they orchestrated and changed international monetary policies to their own advantage and things never remained the same till date. Though they played a critical role in ending the second world war, but they have had enough good time as a payback. Ohhh, sorry I don't want to take us on history lessons. The US have always used the dollar hegemony to take on nations that does not agree with their political views and foreign policies, they have toppled world leaders and even embarked on (economical) wars for same reasons. I just think it is time to find an alternative currency for dollar, where every country would have a fair playing ground and countries like Nigeria, Turkey or Syria or Iran won't be having economical haemorrhage because they don't have enough dollars in their national reserves. DexterousOne: 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Donbrig: 6:35pm On Aug 11, 2020 |
@Ositadima, I will take that as a compliment. I never attended a university, after my secondary school in Benin City, I had the opportunity to travel to Germany at a very young age, where I did my industrial training with Jungheinrich as a logistician for two years, and later went to Perugia Italy where I also did one year training with Concetti Group. Afterwards, I also had other industrial trainings in the US where I gained more experiences in industrial logistics and production. I am grateful to God I never wasted four years or more for a university degree that is often overhyped. ositadima1: 18 Likes |
Re: Treasury Bills In Nigeria by qmd24(m): 7:33pm On Aug 11, 2020 |
Donbrig: How can you value what you don't have or haven't experienced. You probably did not learn about the Bell's curve and outliers. No insult intended, but don't come here and discourage the young ones from going on to higher institutions. Education is lifelong though and formal education is just the beginning..... 4 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 8:09pm On Aug 11, 2020 |
Donbrig: Okay... At least you have some background on the subject matter But the question is.... Do you REALLY know why the Bratton Woods and the Petro Dollar was put in place in the first place? And with or without the USD The USA can still inflict serious pain on many countries of the world All they need to do is to lock you out of their markets and business interests And you are in trouble Case in point:Cuba Cuba was already in Americas trouble even before PetroDollar became a thing This thing is a complex web |
Re: Treasury Bills In Nigeria by chigo4u: 8:35pm On Aug 11, 2020 |
qmd24:Trump just signed an order that will make employees to accept skills as qualification for jobs instead of paper degree certificates while Nigerians are still overhyping degree certificates with obsolete curriculum. Millions of youths with certificates are jobless in Nigeria because they lack skills. The education system in Nigeria has been bastardized. 17 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 8:39pm On Aug 11, 2020 |
Donbrig:Easier said than done. America will keep dominating world economy for many years to come. 3 Likes |
Re: Treasury Bills In Nigeria by mindtricks: 10:21pm On Aug 11, 2020 |
freeman67: I think, beyond entertainment, critical folks see it as promoting immorality. That is bottomline. Beyond entertainment, those above listed have one thing in common: sporting activities, with obvious benefits. |
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