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Treasury Bills In Nigeria - Investment (1504) - Nairaland

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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 RavagedHeart: 7:35pm On Aug 29, 2020
emmasoft:


@RavagedHeart thank God you are waking up according to you.
The first thing is to determine your investment objective ie what you intend to achieve because investment is a means to an end. The reason for investment should not just be because others are investing. You will also do well to gather some investment knowledge that in itself is a form of investment.
With the capital you have, mutual funds will be good and stocks better if you can take risk; gradually you will build wealth if consistent
N.B: The bolded is a relative term when considering forms of investment in relation to risk.

I will read what I can find concerning your suggestion.
Re: Treasury Bills In Nigeria by RavagedHeart: 7:43pm On Aug 29, 2020
OgogoroFreak:
With mere 100k, I'm afraid you have to roll up your sleeves and actually hustle with that money to grow it faster.

Do you have a business to suggest? I don't really know a good business to start with that
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:53pm On Aug 29, 2020
RavagedHeart:


Do you have a business to suggest? I don't really know a good business to start with that
Here on technology section of nairaland, you can start by buying phone or laptop from offerup or from legit deal hunters (https://www.nairaland.com/5032880/all-offerup-letgo-craigslist-5miles) and sell here on nairaland and jiji. You can easily make 20k profit within a week. And that profit will grow as your funds grow.

If you want to deal on laptops, I suggest you buy from legit sellers here like innobarca and hotdealz. They have really cheap laptops you can easily resell for profit.

If you do this with dedication and focus, your money can easily grow to 300k by December.

If the above seems daunting, you can start a bicycle rental business in your street. With aggressive saving, you can add video gaming center to it.

10 Likes 3 Shares

Re: Treasury Bills In Nigeria by YoungDaNaval(m): 7:57pm On Aug 29, 2020
Tvegas:



I am glad Leezah confirmed that the storm will be over. Many investors lose sight of the fact that it's during storms that wealth are transferred and wise investors make tons of money.
@OP do any of the following
1. Buy Wapco shares below N12
2. Buy Zenith share below N17
3. Follow the guys on the US stock page they are making a kill with the surplus stimulus fund.
4. Look for a fixed income fund that can give you at least 10% per annum.

On wapco and Zenith, let's compare notes by April 2021.
Help me with link to the US stock page. Can't find it
Re: Treasury Bills In Nigeria by bmarketing: 7:58pm On Aug 29, 2020
Leezah:
He should drive it himself. Most Nigerians are a fraudster from fuel to spare parts and if his not conversant with vehicles parts and registration they will fleece him. From one complain to another. LaStma hold me I don't have Lassra, VIO said we don't have bornet permit, Lekki Police said I should pay fine for driving into Chevron estate. If you are not careful he would even advise you to sell and he may be the one to buy it through third party. He should drive it himself.

So in essence, a good driver is needed. A tokumbo car with regular maintenance (monitored) to mitigate regular repairs that occur on nigerian used cars. Ensure the driver has all the papers before driving the car. They are not so expensive one about 5k or so if I remember correctly. Have tracking enabled to monitor their movement. Schedule regular inspection...What else... I may sound naive but I belive with all this in check one can give it a shot.

4 Likes

Re: Treasury Bills In Nigeria by YoungDaNaval(m): 7:59pm On Aug 29, 2020
emmanuelewumi:



Who have you been simping with? You need to be a rational male.
Do you have PDF format of that book?
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:01pm On Aug 29, 2020
YoungDaNaval:
Do you have PDF format of that book?

Are you a redpiller?

1 Like

Re: Treasury Bills In Nigeria by YoungDaNaval(m): 8:04pm On Aug 29, 2020
emmanuelewumi:


Are you a redpiller?
I do support the movement
Re: Treasury Bills In Nigeria by RavagedHeart: 8:11pm On Aug 29, 2020
OgogoroFreak:
Here on technology section of nairaland, you can start by buying phone or laptop from offerup or from legit deal hunters (https://www.nairaland.com/5032880/all-offerup-letgo-craigslist-5miles) and sell here on nairaland and jiji. You can easily make 20k profit within a week. And that profit will grow as your funds grow.

If you want to deal on laptops, I suggest you buy from legit sellers here like innobarca and hotdealz. They have really cheap laptops you can easily resell for profit.

If you do this with dedication and focus, your money can easily grow to 300k by December.

My only problem with such business is in the selling. I think I'll give it another shot.
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 8:14pm On Aug 29, 2020
RavagedHeart:


My only problem with such business is in the selling. I think I'll give it another shot.
learn to make little profit at a go, with time you would be known and sales would be much easier if you are consistent.


If that business above seems daunting, you can start a bicycle rental business in your street. With aggressive saving, you can add video gaming center too.

1 Like

Re: Treasury Bills In Nigeria by Tvegas(m): 8:20pm On Aug 29, 2020
YoungDaNaval:
Help me with link to the US stock page. Can't find it
Leezah:
Your 3 can you share the link here.
4. Do you know of any investment.

https://www.nairaland.com/5669161/us-stocks-pick-alert/137#5669161.4400

1 Like

Re: Treasury Bills In Nigeria by RavagedHeart: 8:42pm On Aug 29, 2020
OgogoroFreak:
learn to make little profit at a go, with time you would be known and sales would be much easier if you are consistent.


If that business above seems daunting, you can start a bicycle rental business in your street. With aggressive saving, you can add video gaming center too.
Okay. Thanks
Re: Treasury Bills In Nigeria by Leezah(f): 9:18pm On Aug 29, 2020
bmarketing:


So in essence, a good driver is needed. A tokumbo car with regular maintenance (monitored) to mitigate regular repairs that occur on nigerian used cars. Ensure the driver has all the papers before driving the car. They are not so expensive one about 5k or so if I remember correctly. Have tracking enabled to monitor their movement. Schedule regular inspection...What else... I may sound naive but I belive with all this in check one can give it a shot.
Remember I said you should drive it yourself.
Re: Treasury Bills In Nigeria by Leezah(f): 9:19pm On Aug 29, 2020
RavagedHeart:


Can you say more on this BDC, or a pointer where I can see reviews of how they roll.
BDC is more than 100k for a start up. I said that jokingly. Kindly try mutual funds.
Re: Treasury Bills In Nigeria by bmarketing: 9:41pm On Aug 29, 2020
Leezah:
Remember I said you should drive it yourself.

Well, that is not scalable especially if you have a fleet or planning to own one... Obviously, the idea in such cases is to give out the cars which bring us back to my point.
Re: Treasury Bills In Nigeria by kintus(m): 1:55am On Aug 30, 2020
Leezah:
He should drive it himself. Most Nigerians are a fraudster from fuel to spare parts and if his not conversant with vehicles parts and registration they will fleece him. From one complain to another. LaStma hold me I don't have Lassra, VIO said we don't have bornet permit, Lekki Police said I should pay fine for driving into Chevron estate. If you are not careful he would even advise you to sell and he may be the one to buy it through third party. He should drive it himself.

It's like most you didn't bother to read in between the lines before responding to message.

The young man said he wants to do HIGHER PURCHASE. This is quite different from rentals.

The desperation of a genuine driver to own a car is enough to make such a person work diligently and meet up with any said agreement.

HP is a good option. All he needs is to get a good and trusted person with well signed agreement. Default to attract penalties....... personally, I'll advice him to start with a car and study the business for 6months before committing more funds.

3 Likes

Re: Treasury Bills In Nigeria by kintus(m): 2:11am On Aug 30, 2020
bmarketing:


So in essence, a good driver is needed. A tokumbo car with regular maintenance (monitored) to mitigate regular repairs that occur on nigerian used cars. Ensure the driver has all the papers before driving the car. They are not so expensive one about 5k or so if I remember correctly. Have tracking enabled to monitor their movement. Schedule regular inspection...What else... I may sound naive but I belive with all this in check one can give it a shot.

You are a solution person. Please, keep it up. A lot of people just jump from sky to make recommendations or condemnation without considering the possible solutions to the problems they're mentioning.

Part of the reasons why some people will keep making money. Channel the energy towards thinking solution rather than the problem.

Just as you have stated above, he will need a good driver. A sound vehicle, solid agreement/contract and a good location. Uber/bolt isn't as profitable in Abuja as it is in Lagos. And finally, he needs God's grace to succeed.

As for the current poor earnings, I believe the narrative will change in September because of the resumption of international travels. Services will be on for 24hours as curfew will be lifted. Some drivers prefer working at night.

In all, I pray you succeed.

8 Likes 1 Share

Re: Treasury Bills In Nigeria by Manwarrior55: 5:05am On Aug 30, 2020
.

3 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:36am On Aug 30, 2020
OgogoroFreak:
With mere 100k, I'm afraid you have to roll up your sleeves and actually hustle with that money, to grow it faster.


The guy needs to be encouraged, little drops of of water makes the big ocean, a journey of a thousand mile starts with a step.

Slow and steady wins the race, the most important thing is consistency. Waiting for the right time or reasonable fund will lead to procastinaton.

Procastinaton is the thief of time. We all know that time is more valuable than money

15 Likes

Re: Treasury Bills In Nigeria by delawal: 5:36am On Aug 30, 2020
TransAtlanticEx:
I made a lot or a bulk of my money via projections like this and I'm really comfortable honestl,which should tell you my projections have been accurate.
So you saying my ideas are unfounded just because your small/shallow mind can't assimilate is ridiculous tbh..
Go play with your likes bros.

all,it takes to,crash dollar price is just scare. even now down here in d east alot of us dt buys dollar for impirts have stopped and re sitting on d sidelines watching d development. a small policy of cbn can crash rates in,48hours. i dont know how u sound so sure abt ur assumptions. what if d cbn decides to inject more usd to achieve their aim will u go to stop them. let me tell u once there is an indication dt it might happen demand for usd will drop and rate will do,so, many people hoarding will rush to sell at once, stop,those ur arguments anything,can happen.w

7 Likes

Re: Treasury Bills In Nigeria by XiaoLi: 5:41am On Aug 30, 2020
You took it out from my mouth!
delawal:


all,it takes to,crash dollar price is just scare. even now down here in d east alot of us dt buys dollar for impirts have stopped and re sitting on d sidelines watching d development. a small policy of cbn can crash rates in,48hours. i dont know how u sound so sure abt ur assumptions. what if d cbn decides to inject more usd to achieve their aim will u go to stop them. let me tell u once there is an indication dt it might happen demand for usd will drop and rate will do,so, many people hoarding will rush to sell at once, stop,those ur arguments anything,can happen.w
Re: Treasury Bills In Nigeria by Cyberknight: 7:16am On Aug 30, 2020
kintus:


It's like most you didn't bother to read in between the lines before responding to message.

The young man said he wants to do HIGHER PURCHASE. This is quite different from rentals.

The desperation of a genuine driver to own a car is enough to make such a person work diligently and meet up with any said agreement.

HP is a good option. All he needs is to get a good and trusted person with well signed agreement. Default to attract penalties....... personally, I'll advice him to start with a car and study the business for 6months before committing more funds.

No difference between hire purchase and other forms of partner-owner relationships if you get a bad driver.

1 Like

Re: Treasury Bills In Nigeria by Leezah(f): 7:28am On Aug 30, 2020
kintus:


It's like most you didn't bother to read in between the lines before responding to message.

The young man said he wants to do HIGHER PURCHASE. This is quite different from rentals.

The desperation of a genuine driver to own a car is enough to make such a person work diligently and meet up with any said agreement.

HP is a good option. All he needs is to get a good and trusted person with well signed agreement. Default to attract penalties....... personally, I'll advice him to start with a car and study the business for 6months before committing more funds.
The italics sums up what I am saying. You have not seen people run a away with Okada even with signed agreements. I repeat he should drive it himself.
Re: Treasury Bills In Nigeria by Leezah(f): 7:32am On Aug 30, 2020
bmarketing:


Well, that is not scalable especially f you have a fleet or planning to... Obviously, the idea is such cases is to give out the cars which bring us back to my point.
As a business person DIY first know the nitty gritty about everything involved.
Re: Treasury Bills In Nigeria by Donbrig: 8:11am On Aug 30, 2020
I really like the way some of you reason in this thread. Having a dorm account when you are not into any business that needs foreign currency is a big blow to our naira, the more dorm accounts we have in Nigeria, the more useless our local naira becomes. CBN should make it more difficult for Nigerians to operate dorm accounts, but this won't be easy because our politicians are the main architects of these problems. Nigerians have too much dollars in dorm accounts, putting enormous pressure on naira, if CBN doesn't crack this trend down aggressively and urgently, dollar might indirectly become our legal currency, just like we've seen in Venezuela.

1 Like

Re: Treasury Bills In Nigeria by Philantropists: 8:18am On Aug 30, 2020
Inciting fear by the CBN worked in 2016 when there were less troubles, unfortunately 2020 has genuine troubles shortage in oil price revenue, covid19, us china trade war.

No policy the CBN implements now will crash the price of dollar, if the CBN inject the 32 billion usd reserve into the black market now, it will be mopped up by businesses in less than 24 hours and i'm sure they won't dare such. Injecting funds to the black market can better be managed, if the CBN keep injecting $200m at the blackmarket every week, it will take three years to empty the reserve to ground zero, surely they won't inject that much too. The best options is to increase home made productivity, have better home made hospitals, schools, medical insurance, food production then remove forex expenditures like FORM M, PTA, BTA etc. Nothing extraordinary will come next week, just anticipation that magic will happen, there is no magic will real economics.


delawal:


all,it takes to,crash dollar price is just scare. even now down here in d east alot of us dt buys dollar for impirts have stopped and re sitting on d sidelines watching d development. a small policy of cbn can crash rates in,48hours. i dont know how u sound so sure abt ur assumptions. what if d cbn decides to inject more usd to achieve their aim will u go to stop them. let me tell u once there is an indication dt it might happen demand for usd will drop and rate will do,so, many people hoarding will rush to sell at once, stop,those ur arguments anything,can happen.w

6 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 8:46am On Aug 30, 2020
CBN should remove the layer of middlemen in forex transactions.

Why on earth should one be required to "go and source physical dollars" before making a transaction abroad? In serious countries, you just go to your bank and the transfer abroad is executed from your local currency account using the prevailing exchange rate, and subject to any exchange controls or caps. In the same way the banks allowed customers monthly limits for foreign transactions using debit cards (up to $3,000 in most cases), the same should apply to forex transfers.

It's simple. Just bring Nigeria in line with other civilised countries and eliminate the "officialised" component of the parallel market at least. Foreign exchange accounts limited only to those who can show their businesses require one. All other transfers from abroad credited into local currency accounts at prevailing rates. Foreign currency policies should be liberalised first to allow free convertibility of the naira not just for Form A and Form M users.

As someone has pointed out, the so-called "free market" will always find ways to get around these rules and that is true, but the point is that the government itself should not be undermining its own currency management by allowing such wide latitude for speculators and ordinary people to lawfully engage in conduct that harms the local currency.

5 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:03am On Aug 30, 2020
Reforming the forex managment in Nigeria with a radical and stalin like approach.......if u must come to Nigeria u must be ready to spend Naira and do Business in Naira .....this must form part of the visa requirements.....law breaker,saboture and smugglers will be liable to 20 year in prison ....we will invoke law similar to indonesia in drug .....economic sabotage is treasonable ask the currency manipulator of iran ....

4 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:08am On Aug 30, 2020
If u dont have faith in Naira then dont come to Nigeria to do business....money is about trust and faith outside this is just paper.....All non essentail dorm accounts should be closed (only companies that genuinely need it )....all balance of unused dollars warehoused in this accounts will be mob up by the cbn of Nigeria and balance converted to naira ...

5 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:13am On Aug 30, 2020
All travellers into Nigeria holding in excess of 2000 dollars must exchange at bdc in airports and boader post .....law breaker will be treated as economic sabotures and waging a war against the Naira and the Nigeria state...

4 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:16am On Aug 30, 2020
Unauthorised sell of foriegn currency on streets by the aboki crew is ban and will come with 5 years prison sentence without bail .....police raids will be approved .....bank accounts and bnv of such traders will be blacklisted and bank balance from such illegal act will be forfeited to the State...

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 9:20am On Aug 30, 2020
Operating accounts of /labanese Chinese/Indians /and their Nigeria collaborator....smuggulling/evading duty ans converting proceed of textile, poultry,wines and other items listed on the import prohibition list to dollars and smuggling out will be restricted and bank balances and property acquired through such illegal incomes and sabotage will be forfeited to federal republic of Nigeria
..

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