leonaidas:
Good morning everyone, please I was at fbn this morning, the lady told me 300k is too small to invest in primary market, that I can only invest in secondary market. She gave me 12.6% for 86days. Problem is, she said I will only get 8000 naira interest.

it's not a problem; it's correct

Grupo:
Please help! If I invest 2m for one year, how much am I going to get?

like 200k-250k

C4Ltd:
average of 260k

Is that not poor? Oops!

C4Ltd:
like 200k-250k

Boss, don't be angry that I am asking too many questions o. Please, could you help me explain some of the terms I am hearing here, things like face value, primary market, secondary market, et al. If you wouldn't mind, can we talk via chat?

Grupo:

Is that not poor? Oops!

very poor. it's actually between 200k-250k.
Do you have any ideas for a better investment

Grupo:

Is that not poor? Oops!

very poor. it's actually between 200k-250k.
Do you have any ideas for a better investment

Grupo:

Boss, don't be angry that I am asking too many questions o. Please, could you help me explain some of the terms I am hearing here, things like face value, primary market, secondary market, et al. If you wouldn't mind, can we talk via chat?

not a guru myself. Can't chat therefore

C4Ltd:
very poor. it's actually between 200k-250k.

Do you have any ideas for a better investment

I had wanted to get a car for Uber and give the car to a driver to drive. But someone advised against it. Drivers are the most dishonest people on earth after tailors. Lol

exactly!

leonaidas:
Good morning everyone, please I was at fbn this morning, the lady told me 300k is too small to invest in primary market, that I can only invest in secondary market. She gave me 12.6% for 86days. Problem is, she said I will only get 8000 naira interest.

How is that a problem?
If you decide to pick the 86days tenor at 12.6%, what you will earn as up front interest is just about N8,930 and by the time the bank deduct charges it will reduce to maybe about N8,500.

The bank is right na.

Oo what we're you expecting?

TONY56:



How is that a problem?
If you decide to pick the 86days tenor at 12.6%, what you will earn as up front interest is just about N8,930 and by the time the bank deduct charges it will reduce to maybe about N8,500.

The bank is right na.

Oo what we're you expecting?

but please, is she right to have told her that 300k is too small for primary market? I thought one can invest in 100k and above in any market

crowntoro:
but please, is she right to have told her that 300k is too small for primary market? I thought one can invest in 100k and above in any market

I started following this thread recently. I have been hearing some words being thrown about. Are you kind enough o help me explain what primary and secondary market mean? Also, face value and all the other values. Thanks

TONY56:



How is that a problem?
If you decide to pick the 86days tenor at 12.6%, what you will earn as up front interest is just about N8,930 and by the time the bank deduct charges it will reduce to maybe about N8,500.

The bank is right na.

Oo what we're you expecting?

please I don't get it, how is it calculated? is it 12.6% times amount or pet?

crowntoro:
but please, is she right to have told her that 300k is too small for primary market? I thought one can invest in 100k and above in any market

hello dear, you can invest from 100k in the primary n secondary market. but some banks dont accept it.

Aim07:
please I don't get it, how is it calculated? is it 12.6% times amount or pet?

12.6% * amount * tenor(days)/364

Grupo:

I started following this thread recently. I have been hearing some words being thrown about. Are you kind enough o help me explain what primary and secondary market mean? Also, face value and all the other values. Thanks

primary market is the market organise n handle by cbn but ur bank will act like a middle man to help u get ur tbills.
secondary market is not handle by cbn, but banks help a client gey tbills at rate not available on primary market

Grupo:

I started following this thread recently. I have been hearing some words being thrown about. Are you kind enough o help me explain what primary and secondary market mean? Also, face value and all the other values. Thanks

Face value as the name implies is the value of the funds being committed to contract/investment with out any deduction. The amount of money being invested.. i.e principal.

Mfunkynation:

primary market is the market organise n handle by cbn but ur bank will act like a middle man to help u get ur tbills.
secondary market is not handle by cbn, but banks help a client gey tbills at rate not available on primary market

So, which one is better? Primary or secondary?

crowntoro:
but please, is she right to have told her that 300k is too small for primary market? I thought one can invest in 100k and above in any market

No!!!

Grupo:

So, which one is better? Primary or secondary?

i preffer n love secondary market for now

TONY56:

No!!!

No for the first or second question

Mfunkynation:
i preffer n love secondary market for now

Abeg, no vex. Why?

Mfunkynation:
No for the first or second question

First question

Grupo:


Abeg, no vex. Why?

Endless questions. Why dont you go and buy popcorn and start reading from the beginning

zinaunreal:


Endless questions. Why dont you go and buy popcorn and start reading from the beginning

Sir, reading from the first page is not easy o. It is like reading that Ababio chemistry textbook we used in secondary school from beginning to end.

Grupo:


Abeg, no vex. Why?

am not angry! secondary market rate is better than primary market for now. for instance, yu can get 100 days tenor for 12% which is not possible in primary market. Tenor days are fixed in primary (91, 182 & 364 days) while secondaty dont have tenor fixation

Grupo:

Sir, reading from the first page is not easy o. It is like reading that Ababio chemistry textbook we used in secondary school from beginning to end.

That simply means you don't want to pass the chemistry tests and exams then Abeg, go and read pls

zinaunreal:


Endless questions. Why dont you go and buy popcorn and start reading from the beginning

I literally lost all my innards reading this
Hahahahahahaha..... Someone get me a doc pls


I just imagined him reading from page 1 as he chewed on the popcorn.....he'll be stuck in the second gear.....hahahaha

This is my first time seeing this thread and I'm just regretting for not starting earlier

pxjosh:
This is my first time seeing this thread and I'm just regretting for not starting earlier

Ehyaaa!!
Sorry o. But it's not too late.
It's better to be late than never.
Just take your time and start reading from page 0 and I bet you, by the time you're done, you will be glad you did and you are not likely to be asking already answered questions.

That's just my 10Kobo advice.