₦airaland Forum

@betty. The fellow bought from the secondary market.hence the discrepancy.

bettymafy: Yes. The longer the duration, the higher the interest rate. But the difference is not so significant. I prefer to "roll over" my investment.

That means, I fix for 90days, add the supposed interest to the capital and re-bid again. For example, I fix 1M for 30days at a rate of 10%, that's about 25k. I add the 25k (and any other extra money I might have gathered within that 90days) to the 1M at the end of the tenor and refix again.

The interest rate is low but it still remains the safest "passive" investment one can involve in. Sorry, I'm not such a big risk taker.

@ganilat: there is a calendar from mr Feelamong for the auction dates.read earlier posts to understand more.

[color=#000099][/color]@ elampiro: sir. I am only trying to say that the fund isn't necessarily his. Any other meaning s null and void.

@straneur:sir, credit facility is a business loan and could be term loan or revolving ...e.t.c I was only trying to say same thing as above,that the money isn't his and I appreciate his ingenuity but that he didnt invest his personal fund.pls dnt misunderstand or criticize me.we are only exchanging ideas and I value ur contributions thus far.thank you

@ elampiro: sir. I am only trying to say that the fund isn't necessarily his. Any other meaning s null and void.

@straneur:sir, credit facility is a business loan and could be term loan or revolving ...e.t.c I was only trying to say same thing as above,that the money isn't his and I appreciate his ingenuity but that he didnt invest his personal fund.pls dnt misunderstand or criticize me.we are only exchanging ideas and I value ur contributions thus far.thank you

@ everyone: the money is a credit facility funding. Even dangote doesn't have that much cash,his assets are part of his net worth.cash he has now is in the 300m region while he is worth 20bn

Heirs holding borrowed to fund these things.so stop arguing whether he has the money or not,bankers here know what i m talking bout.if the power investment backfires,he will be in debt thru heirs holding. 2.5bn is not 2.5m pls.

In a thankful statement to Feelamong and other contributors..i admit to having made a lot of profit from investing in NTBills.its quite good and when u factor in compound interest, a person investing in it can amass a huge fortune within ten years(if u start at a young age,could probably retire and live well off it.just learnt that my treasury bill certificate can be used to acquire a loan if I so desire and that its highly liquid.meaning the loan can be approved faster than the case of someone with a building seeking same loan.

But I have a question:can I trade my Tbills investment to another person directly? If not can I do it through a bank?
And does it mean i will forfeit my interest from my principal?

Once more.thanks to all contributors.@ayztech:I m impressed.[/color][color=#000099]