ctleurocollege:




The issue is investing in a country with all of the above problem you listed, it doesn't make sense

the reward is higher ...my friend only build houses in Dr congo and c.a.r instead of Nigeria cos rate are crazy a nice duplex can go for 4 k dollars monthly in Kinshasa or abijan...

What was the bases for the discus in the first place. 10million naira being good money in this country or anywhere in the world. Who took it to being patriotism? Because of where some of us are today we want to disregard 10million. It was only #1.1million they donated for that onitsha fire victim that made the guy smile again (courtesy of Reno omokri’s call). If not why will you tie 40million down a year because of less than 6million profit.

dipoolowoo:
Investors Offer CBN N1.12trn for N430bn OMO Bills
**As Sell Pressure Pushes T-Bills Yields to 12.37%
https://businesspost.ng/economy/investors-offer-cbn-n1-12trn-for-n430bn-omo-auction/

I've not collect my tbill cert up till now and am not around to. Collect it anytime soon... Way will apun @ d end of maturity without my cert

dryakson:
I did the secondary with UBA at 10.65%.
I invested 1 million and I was debited #973,751.82 and another #350.
Pls can someone help me do the calculations?
I'm a newbie
Seems the Cs doesn't even know about it or nobody has done it in that branch b4 until she asked a colleague

absolutely correct. The interest rate was divided by 4 since you did a 3 months package

igbizen:
What was the bases for the discus in the first place. 10million naira being good money in this country or anywhere in the world. Who took it to being patriotism? Because of where some of us are today we want to disregard 10million. It was only #1.1million they donated for that onitsha fire victim that made the guy smile again (courtesy of Reno omokri’s call). If not why will you tie 40million down a year because of less than 6million profit.

because of risk appetite...i bought two truck for 23m in Nov 2018 nov Nov 2019 they net around 9m and depreciated to 18m ...so if I stop today my real profit will be 18 +9 -23 = 4m .....if nah 23 m at 14.5 it will generate 3.3m (zero risk)

Do you choose bank rate or specify your rate? What happens when you choose bank rate on the form?

BlackAfrican:
Just wondering guys, when your Tbill mature and your capital is paid back into your account, in the process, are there any charges (e.g stamp duty) levied on the deposit by banks or directive from cbn?

TB is tax free..it's only your bank that may charge for sms. Maybe that's why First Bank stopped sending alert when ever credit accounts with TB proceeds.

Ok

gift01:
absolutely correct. The interest rate was divided by 4 since you did a 3 months package

Thanks. I appreciate.
I felt ignored before.
Thanks once again.

ahiboilandgas:
because of risk appetite...i bought two truck for 23m in Nov 2018 nov Nov 2019 they net around 9m and depreciated to 18m ...so if I stop today my real profit will be 18 +9 -23 = 4m .....if nah 23 m at 14.5 it will generate 3.3m (zero risk)

This 14.5% or 15% you guys calculate with always, I wonder if it never decreases. Since April till now I don’t think anybody have gotten such rates and won’t be in a long while. So let’s stop using 15% when ever we talk about Tbill.

igbizen:

This 14.5% or 15% you guys calculate with always, I wonder if it never decreases. Since April till now I don’t think anybody have gotten such rates and won’t be in a long while. So let’s stop using 15% when ever we talk about Tbill.

the real rate of return... if t.b goes for 12 the real rate will be around 14.5

ahiboilandgas:
the real rate of return... if t.b goes for 12 the real rate will be around 14.5

13.6% actually.

ahiboilandgas:
well done me am grounded in finance ...r.o.i is better in Africa....cos of the wrong system .....imagine if 3400 km pipe line was working plus 21 depot and refinary...we will all be out of bussiness

Hmmm

Hallenjay:
I've not collect my tbill cert up till now and am not around to. Collect it anytime soon... Way will apun @ d end of maturity without my cert

Without your cert, at the end of maturity, you will be seated at home/work/anywhere and you will just get alert bagam your account has been credited that's all.

zamirikpo:


....my dear I've lived all my life in naija but I also live in the USA online ....

The internet has made the world a global village.

Boyhood:

Without your cert, at the end of maturity, you will be seated at home/work/anywhere and you will just get alert bagam your account has been credited that's all.

thanks u so much, I think d cert is useful as evidence and to process ur wothdraw if u can't wait till the maturity day.

Koolmak:
Do you choose bank rate or specify your rate? What happens when you choose bank rate on the form?

When you choose bank rate on the form, they will just use their rate and bid for you at the primary if it scales through, congratulations. if it doesn't, they may suggest the secondary mrkt to you or you wait after a 4th night to rebid for the primary.

Hallenjay:
thanks u so much, I think d cert is useful as evidence and to process ur wothdraw if u can't wait till the maturity day.

✓correct, and it can be used as collateral too

Hallenjay:
thanks u so much, I think d cert is useful as evidence and to process ur wothdraw if u can't wait till the maturity day.

But wait oh... So you understood all these, why did you have to ask again??

Boyhood:

But wait oh... So you understood all these, why did you have to ask again??

guess work

Hallenjay:
guess work

Sounds more like

BDC license for sale. Contact 08186177617

Range63:
BDC license for sale. Contact 08186177617

Why the sale ? E no Dey move market again?

its business to go through the stress to get a license and then resell.

igbizen:

Why the sale ? E no Dey move market again?

Range63:
its business to go through the stress to get a license and then resell.

Just asking as a businessman, na so dem take sell flood prone area give my guy. Lol

igbizen:
What was the bases for the discus in the first place. 10million naira being good money in this country or anywhere in the world. Who took it to being patriotism? Because of where some of us are today we want to disregard 10million. It was only #1.1million they donated for that onitsha fire victim that made the guy smile again (courtesy of Reno omokri’s call). If not why will you tie 40million down a year because of less than 6million profit.

10m is big but in our country it can do very little , becos every Nigerian is his own govt. We provide food, clothing,shelter, electricity, roads, health care and education for ourselves.

We even go as far as buying land and property for our unborn generation to give them a fighting chance.

10m cannot pay for a shop in that ochanga market, that 1.2m can only help u pay rent.find out.

igbizen:

Lol. I thought you live in the north. U Dey Asaba Dey shout war zone, if you come Warri, that means you go shout demolition zone.

I served in maiduguri my brother, so I got first class exposure to boko haram. Now they r in sambisa, but when i served they lived with us in the city as close as bama LGA and They visited the capital steady....

They took over 10 LGAs....so I know what am saying. It was a terrible experience running up and down in a foreign land.

Let's not be naive , we are at war....boko haram in the north, fulani herrdsmen in the south south and middle belt , biafra brewing from the east and above all CORRUPTION at the centre.

May God avèrt an implosion. Ijn Amen.

zamirikpo:


I served in maiduguri my brother, so I got first class exposure to boko haram. Now they r in sambisa, but when i served they lived with us in the city as close as bama LGA and They visited the capital steady....

They took over 10 LGAs....so I know what am saying. It was a terrible experience running up and down in a foreign land.

Let's not be naive , we are at war....boko haram in the north, fulani herrdsmen in the south south and middle belt , biafra brewing from the east and above all CORRUPTION at the centre.

May God avèrt an implosion. Ijn Amen.

You speak the truth

zamirikpo:


10m is big but in our country it can do very little , becos every Nigerian is his own govt. We provide food, clothing,shelter, electricity, roads, health care and education for ourselves.

We even go as far as buying land and property for our unborn generation to give them a fighting chance.

10m cannot pay for a shop in that ochanga market, that 1.2m can only help u pay rent.find out

10 million can do alot. Unless you don’t know your left from ur right. Stop this self-condemnation of urs. God has blessed me above that level that does not mean 10 million can’t do a lot.

[quote author=Just2endowed2 post=83297791]

You speak the

zamirikpo:


I served in maiduguri my brother, so I got first class exposure to boko haram. Now they r in sambisa, but when i served they lived with us in the city as close as bama LGA and They visited the capital steady....

They took over 10 LGAs....so I know what am saying. It was a terrible experience running up and down in a foreign land.

Let's not be naive , we are at war....boko haram in the north, fulani herrdsmen in the south south and middle belt , biafra brewing from the east and above all CORRUPTION at the centre.

May God avèrt an implosion. Ijn Amen.

As you are do you know what a war zone is? I also served in the north . Where they termed volatile taraba. What the north is experiencing now, Warri has experienced it in the past- we called it crises not war zone. For book haram issue, that one is for another day.- it’s crisis that some are benefiting from, not a war zone period.

That was why the troops that came from abroad left. It’s political