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Treasury Bills In Nigeria - Investment (971) - 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 OgogoroFreak(m): 9:55am On Nov 24, 2019
ahiboilandgas:
but nairaland was invented by some one,like wise opay ,tsa etc
What gives you the confidence that the owners are clean?

When I started getting my hands dirty in order to be financially free, I began to meet top wealthy men /CEOs in Nigeria gradually because certain illegal or semi-clean transactions connect us.

These are men that are well packaged in the society that you would think even mentioning fraud/scam or anything illegal would be so embarrassing to them.
Re: Treasury Bills In Nigeria by igbizen(m): 10:19am On Nov 24, 2019
OgogoroFreak:
What gives you the confidence that the owners are clean?

When I started getting my hands dirty in order to be financially free, I began to meet top wealthy men /CEOs in Nigeria gradually because certain illegal or semi-clean transactions connect us.

These are men that are well packaged in the society that you would think even mentioning fraud/scam or anything illegal would be so embarrassing to them.

Na who dem catch be thief.

12 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 10:22am On Nov 24, 2019
OgogoroFreak:
What gives you the confidence that the owners are clean?

When I started getting my hands dirty in order to be financially free, I began to meet top wealthy men /CEOs in Nigeria gradually because certain illegal or semi-clean transactions connect us.

These are men that are well packaged in the society that you would think even mentioning fraud/scam or anything illegal would be so embarrassing to them.

it an invention...it requires the brain....not like airline that requires capital...

4 Likes

Re: Treasury Bills In Nigeria by IamR: 10:41am On Nov 24, 2019
igbizen:

Na who dem catch be thief.
Lol
Re: Treasury Bills In Nigeria by seyisanya(m): 11:30am On Nov 24, 2019
Scream it out, sir. The difference is clear!
ahiboilandgas:
it an invention...it requires the brain....not like airline that requires capital...
Re: Treasury Bills In Nigeria by Zornes123: 11:30am On Nov 24, 2019
ahiboilandgas:
your bank
only you will kill me with investment ideas, only you one still kill me with laugh.
That reply was apt and savage. grin
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:32am On Nov 24, 2019
ahiboilandgas:
it an invention...it requires the brain....not like airline that requires capital...
Having a legal business doesn't stop most people from illegals.

They can have those successful apps and still be "momphaing". Human have insatiable want for more money.

8 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 11:38am On Nov 24, 2019
OgogoroFreak:
Having a legal business doesn't stop most people from illegals.

They can have those successful apps and still be "momphaing"
changing the topic....i was on verge on developing an e haling app to allow for keke to be ordered for 2 years in a state with 300 k marwa so I was hoping on just ten percent keying in and providing drop services at 300 naira and me generating only 20 percent as income ...i estimate an income of 1.8m daily ...then sell app to uber or taxify for 5 million dollars and but euro bond and retire .....
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:40am On Nov 24, 2019
Several investment partner couldn't comprehend my ideas .including app developers....so I kept contacting several venture capitalist firm out side Nigeria didn't get an good respond .....then boom a Chinese firm opay is using same strategy in several northern state to make a kill

2 Likes

Re: Treasury Bills In Nigeria by OgogoroFreak(m): 1:11pm On Nov 24, 2019
ahiboilandgas:
Several investment partner couldn't comprehend my ideas .including app developers....so I kept contacting several venture capitalist firm out side Nigeria didn't get an good respond .....then boom a Chinese firm opay is using same strategy in several northern state to make a kill
Well, I don't know what you meant by app developers couldn't comprehend ur ideas because as long as you know what you want, you only need to tell an app developer the "functions" you want on the app.
An app is just lots of functions put together to make a whole.

5 Likes

Re: Treasury Bills In Nigeria by Ghost01(m): 4:32pm On Nov 24, 2019
Nigsrdumb:


How much is it sir, could you please provide some guidance on this
You can open an account with Morgan Capital and invest in FGN Savings Bond through them.
Re: Treasury Bills In Nigeria by DigitalMallam: 7:47pm On Nov 24, 2019
More troubles for Nigerian ailing economy, remember the $9.6bn judgement in the UK; if 9ja eventually losses this case and is forced to pay the total sum, from our meager $39bn ext reserves then we should be prepared for a mega recession.
Honestly all Nigerian leaders past & present will never know peace either dead or alive. They have gambled with future of its citizens.

Excerpt below;
$9.6bn Judgment: Nigerian Government To Pay $200m P&ID Deposit Monday, Firm Claims
The British court had asked Nigeria to pay $200m security payment in the court’s account while granting request to stay execution in the award of $9.6bn award in favour of Process and Industry Development Limited.

2 Likes

Re: Treasury Bills In Nigeria by ojesymsym: 7:52pm On Nov 24, 2019
This is old news na. That $200 was what the court said we should pay in leu so that the case can be held again.
Happened when our legal team went to the UK to make a case against the previous dubious judgement.
DigitalMallam:
More troubles for Nigerian ailing economy, remember the $9.6bn judgement in the UK; if 9ja eventually losses this case and is forced to pay the total sum, from our meager $39bn ext reserves then we should be prepared for a mega recession.
Honestly all Nigerian leaders past & present will never know peace either dead or alive. They have gambled with future of its citizens.

Excerpt below;
$9.6bn Judgment: Nigerian Government To Pay $200m P&ID Deposit Monday, Firm Claims
The British court had asked Nigeria to pay $200m security payment in the court’s account while granting request to stay execution in the award of $9.6bn award in favour of Process and Industry Development Limited.

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:05pm On Nov 24, 2019
This is a breakdown of what Allen Onyema is being accused of by the Department of Justice in the United States.
-That he setup Springfield Aviation Company LLC a shell company in Atlanta,USA. And sent an invoice to Air Peace in Nigeria from Springfield Aviation Company LLC and used that invoice to generate a letter of credit. Through that letter of credit he was able to transfer funds from Nigeria to USA.
-Out of the $20 million dollars he was able to transfer through the letter of credit, $16 million dollars was transferred to several different bank accounts and not used for the intended purpo
Re: Treasury Bills In Nigeria by Grupo(m): 8:47pm On Nov 24, 2019
ahiboilandgas:
This is a breakdown of what Allen Onyema is being accused of by the Department of Justice in the United States.
-That he setup Springfield Aviation Company LLC a shell company in Atlanta,USA. And sent an invoice to Air Peace in Nigeria from Springfield Aviation Company LLC and used that invoice to generate a letter of credit. Through that letter of credit he was able to transfer funds from Nigeria to USA.
-Out of the $20 million dollars he was able to transfer through the letter of credit, $16 million dollars was transferred to several different bank accounts and not used for the intended purpo

It is highly likely that the guy is laundering money for politicians. What do you think?

Also, I'm not sure anything is going to come out of that indictment. If he doesn't doesn't visit the US, would the US government ask Nigeria to extradict him to face charges?

Just asking.
Re: Treasury Bills In Nigeria by zamirikpo(m): 9:55am On Nov 25, 2019
AM at stanbic now and I just told my account officer to place a bid for 65m. When the actual amount in my account is 6.5m.

Let's see how it goes. Let them prorated at 10% am waiting.

WE DIE here.

20 Likes

Re: Treasury Bills In Nigeria by unite4real: 10:11am On Nov 25, 2019
zamirikpo:
AM at stanbic now and I just told my account officer to place a bid for 65m. When the actual amount in my account is 6.5m.

Let's see how it goes. Let them prorated at 10% am waiting.

WE DIE here.

Omo, u got me laughing real hard in a meeting.

Dem go hear am.

3 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 10:18am On Nov 25, 2019
zamirikpo:
AM at stanbic now and I just told my account officer to place a bid for 65m. When the actual amount in my account is 6.5m.

Let's see how it goes. Let them prorated at 10% am waiting.

WE DIE here.

Hahahaha. This is very funny and creative at the same time.

My major TB will mature on January 30. I hope by then, all these issues would have been resolved.

7 Likes

Re: Treasury Bills In Nigeria by NL1960: 12:16pm On Nov 25, 2019
zamirikpo:
AM at stanbic now and I just told my account officer to place a bid for 65m. When the actual amount in my account is 6.5m.

Let's see how it goes. Let them prorated at 10% am waiting.

WE DIE here.

How is this possible in Stanbic?. I know Stanbic normally place a hold on the amount you bid pending when the auction is done. So will the bank place a hold of 65m or 6.5m on your account?.

2 Likes

Re: Treasury Bills In Nigeria by IamR: 12:42pm On Nov 25, 2019
zamirikpo:
AM at stanbic now and I just told my account officer to place a bid for 65m. When the actual amount in my account is 6.5m.

Let's see how it goes. Let them prorated at 10% am waiting.

WE DIE here.
Lol. I like that, but not sure if Stanbic will honour it.
Re: Treasury Bills In Nigeria by chigo4u: 12:56pm On Nov 25, 2019
zamirikpo:
AM at stanbic now and I just told my account officer to place a bid for 65m. When the actual amount in my account is 6.5m.

Let's see how it goes. Let them prorated at 10% am waiting.

WE DIE here.
Lol I think if you have a contact within the bank they can help with this
Re: Treasury Bills In Nigeria by richforever123: 1:20pm On Nov 25, 2019
ahiboilandgas:
it an invention...it requires the brain....not like airline that requires capital...

Managing an investment with 1000's of staff requires brain too, again Seun did not build everything on this site on his own

3 Likes

Re: Treasury Bills In Nigeria by richforever123: 1:22pm On Nov 25, 2019
DigitalMallam:
More troubles for Nigerian ailing economy, remember the $9.6bn judgement in the UK; if 9ja eventually losses this case and is forced to pay the total sum, from our meager $39bn ext reserves then we should be prepared for a mega recession.
Honestly all Nigerian leaders past & present will never know peace either dead or alive. They have gambled with future of its citizens.

Excerpt below;
$9.6bn Judgment: Nigerian Government To Pay $200m P&ID Deposit Monday, Firm Claims
The British court had asked Nigeria to pay $200m security payment in the court’s account while granting request to stay execution in the award of $9.6bn award in favour of Process and Industry Development Limited.

However, this will increase treasury bill rates

1 Like

Re: Treasury Bills In Nigeria by freeman67: 1:26pm On Nov 25, 2019
This morning I was in a branch of FirstBank and was told that they can't give out any form because they have not been asked to then I went to a branch of Zenith Bank closeby. In that Zenith branch I was told that they have stopped doing investing in TB for customers. They said they only do Fixed Deposit for customers now.
Re: Treasury Bills In Nigeria by crowntoro(f): 2:13pm On Nov 25, 2019
freeman67:
This morning I was in a branch of FirstBank and was told that they can't give out any form because they have not been asked to then I went to a branch of Zenith Bank closeby. In that Zenith branch I was told that they have stopped doing investing in TB for customers. They said they only do Fixed Deposit for customers now.
mehn, this is getting serious oooo

3 Likes

Re: Treasury Bills In Nigeria by Femiobat: 2:30pm On Nov 25, 2019
freeman67:
This morning I was in a branch of FirstBank and was told that they can't give out any form because they have not been asked to then I went to a branch of Zenith Bank closeby. In that Zenith branch I was told that they have stopped doing investing in TB for customers. They said they only do Fixed Deposit for customers now.

Go to Stanbic. It may be a strategy to make people buy into their investment you get

1 Like

Re: Treasury Bills In Nigeria by niyoni: 3:11pm On Nov 25, 2019
Fellow TB brethren, I greet you all. Now that TB interest rates are continuously dipping, please can anyone here kindly suggest a viable and profitable business that one can do? Money must be productive and not be dormant. I don't want to leave money doing nothing in my accounts.

I understand that this thread is mainly for TB but the bottom line is to make more money for ourselves.

Sensible leads and suggestions are highly welcome.

2 Likes

Re: Treasury Bills In Nigeria by DigitalMallam: 5:03pm On Nov 25, 2019
niyoni:
Fellow TB brethren, I greet you all.

I understand that this thread is mainly for TB but the bottom line is to make more money for ourselves.

Sensible leads and suggestions are highly welcome.
If you have been following the thread lately, other viable options were suggested some of which are MMF, FGN saving bond, FGN bond, invest with digital agric & fin tech (caveat emptor). Crowdyvest offered 22% for those who bought into their plentywaka - you can see the buses along Ajah routes.
Stocks for those who has the knowledge.
You can also venture into Ghana tb currently doing about 17.5% p. a provided you can obtain the required documentation (residents permit).
You can also convert you fund into hard currency $,£,€ etc and do eurobond (you preserve you loot in case of devaluation of naira by our voodoo economist cum cbn gov)

Some microfinance bank are also returning attractive % depending on your risk appetite.

So the choice is yours to make.

11 Likes

Re: Treasury Bills In Nigeria by niyoni: 5:14pm On Nov 25, 2019
DigitalMallam:

If you have been following the thread lately, other viable options were suggested some of which are MMF, FGN saving bond, FGN bond, invest with digital agric & fin tech (caveat emptor). Crowdyvest offered 22% for those who bought into their plentywaka - you can see the buses along Ajah routes.
Stocks for those who has the knowledge.
You can also venture into Ghana tb currently doing about 17.5% p. a provided you can obtain the required documentation (residents permit).
You can also convert you fund into hard currency $,£,€ etc and do eurobond (you preserve you loot in case of devaluation of naira by our voodoo economist cum cbn gov)

Some microfinance bank are also returning attractive % depending on your risk appetite.

So the choice is yours to make.

Thanks.
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 5:29pm On Nov 25, 2019
richforever123:


Managing an investment with 1000's of staff requires brain too, again Seun did not build everything on this site on his own
There is nothing on this forum he can not build on his own bro. Infact, I believe he built this site from his bedroom within a month or less.

3 Likes

Re: Treasury Bills In Nigeria by Akin3891: 5:58pm On Nov 25, 2019
niyoni:
Fellow TB brethren, I greet you all. Now that TB interest rates are continuously dipping, please can anyone here kindly suggest a viable and profitable business that one can do? Money must be productive and not be dormant. I don't want to leave money doing nothing in my accounts.

I understand that this thread is mainly for TB but the bottom line is to make more money for ourselves.

Sensible leads and suggestions are highly welcome.

Was at first bank today, there is this investment called: liquidity management note (i think it's under mutual funds) , minimum to invest is 5 mils, it range from 30days to 90days @6.5/7%. Has anyone ever invested in such before? The % is fixed and doesn't fluctuate like mutual funds

1 Like

Re: Treasury Bills In Nigeria by Nigsrdumb: 6:19pm On Nov 25, 2019
DigitalMallam:

If you have been following the thread lately, other viable options were suggested some of which are MMF, FGN saving bond, FGN bond, invest with digital agric & fin tech (caveat emptor). Crowdyvest offered 22% for those who bought into their plentywaka - you can see the buses along Ajah routes.
Stocks for those who has the knowledge.
You can also venture into Ghana tb currently doing about 17.5% p. a provided you can obtain the required documentation (residents permit).
You can also convert you fund into hard currency $,£,€ etc and do eurobond (you preserve you loot in case of devaluation of naira by our voodoo economist cum cbn gov)

Some microfinance bank are also returning attractive % depending on your risk appetite.

So the choice is yours to make.



Nice list, but I just want to stress that fgn bonds and eurobond are extremely difficult to invest in.

Fgn bonds .. no clarity on the terms of subscription in relation to capital.


Eurobond easy to open only with stanbic but incredibly difficult to top up

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