eniorisha:


My problem is mainly low risk appetite. The issue is I can't drive myself. I don't know how to drive. I'm a visitor in Lagos. Those complicated Lagos road networks scare d hell outta me

eniorisha:


1) Manual labour for over 12 years after my secondary sch edu. The climax of d hustling was a 7 year stint carry head load @ Cotonou border.
2) Completely yes. several years ago, u l saw d warning. That's why I returned to sch

3) Maddening exchange rate & recent Border closure av sent away all my customers.

4) I'll survive without it. Although it's going to be hard. I av education degree. So teaching jobs are everywhere.

Yes Sir That is why I indicated an investment with a very minimal risk. I can't avoid to lose my life saving o.


Boss, Thank u for your input sir

Omonigeriarere:


It seems that STANBIC IBTC has the best rates among Nigerian Banks. Don't know how friendly they are to customers' instructions though.

eniorisha:


My problem is mainly low risk appetite. The issue is I can't drive myself. I don't know how to drive. I'm a visitor in Lagos. Those complicated Lagos road networks scare d hell outta me

CompareDBest:
Yesterday at least, Fidelity beat Stanbic for tenors closest to 364 days with rates including 13% for 360 days, 12.6% for 290 days and 12.5% for 332 days: https://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html

Hallenjay:
Pls ooooo
Which one will pay me, I've gathered some change.
Btw Fedral govt savings bond and tbills and risk level too... The lowest
Which is easier and pay more. I need this info so I won't mistake. Help
Help
Help

shogbenga:
It is not advisable to be stating amounts on a public forum. It has been repeated several times on here. Please be cautious. You can make your point without that.

To your question, bonds tend to have higher yield because of their longer tenor. However, because it is difficult to predict what inflation will be over the course of the 10 or 20 or 30 years tenor, it just be might be better to invest in tbills (a year tenor) and keep rolling over. That way, you can always re-evaluate every year what makes sense.
Thanks for your comments. I mentioned the figure because I believe the advice you will give will be dependent on the figure available for investment. Thanks

DaBogu:
BREAKING: Nigeria’s inflation rate drops to 11.02% in August 2019, slowest in over three years

Inflation dropped by 0.06% points year-on-year

Food inflation dropped to 13.17% from 13.39%,

Core inflation dropped to 8.68% from 8.80% recorded in July.

Source:Nairametrics.

Barrytone:
The essence of some people remaining in the thread is to encourage others. Mentioning amount of money involved encourages some people especially me(when the amount is greater than what I have). Now can someone tell me the hazards involved in mentioning amounts in a faceless chat group like nairaland. What can they possibly do? Would love to know. Man know thyself. Meanwhile Forbes discloses people's worth yearly and it's safe, why the general fear. I want to learn as I disclose amount at the slightest enquiry.

Barrytone:
The essence of some people remaining in the thread is to encourage others. Mentioning amount of money involved encourages some people especially me(when the amount is greater than what I have). Now can someone tell me the hazards involved in mentioning amounts in a faceless chat group like nairaland. What can they possibly do? Would love to know. Man know thyself. Meanwhile Forbes discloses people's worth yearly and it's safe, why the general fear. I want to learn as I disclose amount at the slightest enquiry.

Barrytone:
The essence of some people remaining in the thread is to encourage others. Mentioning amount of money involved encourages some people especially me(when the amount is greater than what I have). Now can someone tell me the hazards involved in mentioning amounts in a faceless chat group like nairaland. What can they possibly do? Would love to know. Man know thyself. Meanwhile Forbes discloses people's worth yearly and it's safe, why the general fear. I want to learn as I disclose amount at the slightest enquiry.

koonbey:


Well, it's important to keep in mind that privacy is not as assured as you might think, despite Nairabeing "faceless" on the face of it

Most people have dropped markers as to their identity/location in one post or another in the past that they might not even remember. In addition, it is possible for a determined person to get in touch via the email feature and trace you by social engineering (more commonly referred to as catfishing) whether for the purpose of physical robbery or malware attacks or the like.

It might seem outlandish and very unlikely to happen, but when you're talking of certain amounts and even giving dates when you're getting those transfers into your account, the risk increases.

Things like that have happened before. And even if they haven't, is it ideal to set oneself up to be the victim?

TissuePaper:
oboy notin u dey talk abeg

DaBogu:
Federal Govt Saving Bond
Minimum amount is 5k
Tenor
2 and 3 yrs
The interest is paid every quarter (i.e. every 3 months) into your bank account. At the end of the duration of the bond (i.e. the tenor), you are paid the initial amount you put in.

For example, if you subscribe with 1,000,000 Naira for 3 years and the interest rate is 12%, you will be paid 30,000 every three months (=12% of 1,000,000 = 120,000 Naira every year).

Note there are no charges - no VAT, no capital gains tax, no withholding tax - on the interest you are paid shocked. There are also no charges to pay to your stockbroker or the Federal Government in order to subscribe to the FGN Savings Bond.

Interest is paid every 3 months in a year
TBills
Minimum of 100k
Fee are charged
Tenor 90, 190 and 364

westliverenterp:
Good morning, i need your advice I want to set up a nursery, primary and secondary school will #20 million be enough? Location: Edo state

Thisnut:
for long term, FG bond Is a terrible ideal, I'd advise you check into euro bond. In the past 20 years , naira has been devalued by 6049%

In 1999, one dollar was 5.5 naira, now it's 360. The percentage change is
360-5.5/5.5×100=6049%

For 20year there is a high chance that naira would have be devalued from 4000% to 8000%



For short term you can do treasury bill and watch for inflation.

eniorisha:
Thanks to everyone who have offer useful advice & suggestions on d matter I posted earlier. I av learnt a lot from your wealth of experience. I assure u all I'll consider all d suggestions b4 take any decision about my proposed diversion to uber, especially. Once again, thank u all.

RealityShot:
oga.. If you say "Uber" again,
I will know you do not "listen".


How can you be planning to start a business with 100% of your capital?

Please use your degree to go and get a teaching job now.
You clearly have very low risk appetite and a little laziness in you (like me.. Lol).

God bless you for this, you have made my day!

No need for heart attack from driver wahala.

The job will give you pocket money, while you can keep your investment growing with the interests.

NOW, if you are still interested in business, after getting the job,
Then use the next Tbills interest ONLY to learn about the business and start it PART-TIME.

FOR EXAMPLE:
you get 120k interest.
Use 25k to study/pay for training on Okirika business
Use 50k to buy a bail
Use 12k to pay advance for floor space (or sell ON-THE-GO)
use 8k to pay your salesperson first month salary... Lol...

Here is the catch... If s/he can't make enough profit in the first month, you will be able to pay s/he for the next 3 months without fear.

After THAT TIME you should know if you are going to continue to support the business from your job....
LOL...

Business no easy OH... Never use more that 50% of your capital to start a new business (especially in NIGERIA).

GOOD luck.

westliverenterp:
Good morning, i need your advice I want to set up a nursery, primary and secondary school will #20 million be enough? Location: Edo state