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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 chidekings(m): 9:55am On Sep 09, 2020 |
Olaide1295:according to them,the 2.5 percent is for the 3months duration of the loan |
Re: Treasury Bills In Nigeria by ojesymsym: 10:08am On Sep 09, 2020 |
This sounds like 10 percent PA. What do you want to do with the money, will it just be sitting in your account unproductive? Can you pay back the loan with your salary or income source within the period of the loan or you will just help them keep the money (in their bank of course) and return it with interest at the agreed time? If you have other means of paying, you can invest the money in the stock market, spread it between Zenith and GTB. I believe those stocks as at the time of writing this post are good stocks to have. chidekings: 2 Likes |
Re: Treasury Bills In Nigeria by chidekings(m): 10:11am On Sep 09, 2020 |
ojesymsym:I don't have need for it,clarified it's 2.2 percent monthly |
Re: Treasury Bills In Nigeria by ojesymsym: 10:34am On Sep 09, 2020 |
I always find the use of monthly rate as deceptive. That 2.2% will translate to 26.5% PA. That means, a 10M loan will have an interest of 2.5M. Is 2.6million lost (imo) a good way to build your profile? Like someone rightly said, you probably would be building your debt profile and not your credit profile. chidekings: 1 Like |
Re: Treasury Bills In Nigeria by Kendumazy(m): 10:57am On Sep 09, 2020 |
ojesymsym: If he's a need for it and a viable business. There's nothing bad in taking it. We win some and lose some in life. That someone took a loan and things got bad for him doesn't mean the other party will experience such as well. Many businesses out there survived on loan and they are doing fine in as much as its okay for them. Don't make it sound as if taking loan for a business or personal thing is a bad idea sir. In as much as its okay for the the person. It's up to the collector! I come in peace! 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 11:26am On Sep 09, 2020 |
Sir, I wouldn't dare do such a thing sir, but the person I am responding to has consistently said that he doesn't really need the money, he just wants to build a credit profile, so I was only asking him if losing 26% is worth the risk. I can't remember him ever saying he needed it for business, if you did, kindly draw my attention to it. Kendumazy: 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by Kendumazy(m): 11:39am On Sep 09, 2020 |
ojesymsym: I read the part where he said he doesn't have a need for it too sir. It's how you sounded as if even if there's a need for it, loan isn't a good idea to source for funds that made me responded that way. Sorry for the misunderstanding sir. Do have a good day. |
Re: Treasury Bills In Nigeria by XiaoLi: 2:07pm On Sep 09, 2020 |
Taking a loan for a personal thing which is not going to earn you any money is a bad idea. Kendumazy: 9 Likes |
Re: Treasury Bills In Nigeria by Kendumazy(m): 2:27pm On Sep 09, 2020 |
XiaoLi: Look at this scenario sir, you wanted buying a car for your personal self in which you have a need for the car at that particular time and you have the full money, a flexible and very low interest rate loan offer came up, you will agree with me that, some people will collect the loan to buy the car and use the intended car fund for another money generating feasible plan. It's based on individual differences though. I myself cannot take a loan for personal things other than for business but some people out there can do it in as much as it's okay for them. It's up to them. |
Re: Treasury Bills In Nigeria by Stocktrader: 6:58pm On Sep 09, 2020 |
I want to know if possible that you can use a company to invest in Tbills in Nigeria, Minimum of 1B, I will appreciate house. 1 Like |
Re: Treasury Bills In Nigeria by ayummy(m): 7:39pm On Sep 09, 2020 |
I am a fashion designer @viewsclothing on IG and my wife; a baker @khalisha_kakery and a makeup artist @khalisha_empire ... We are in need of 1m to 2m naira loan ... To setup our workspace/showroom ... ALL TOGETHER (I as the fashion designer already have a workshop, i only need a show room but my wife has been working from home) You can check out IG pages, you will see that the loan would be utilized as we have built a niche for ourselves... If you have any idea how we can go about this, please let us know. God bless.. |
Re: Treasury Bills In Nigeria by Stocktrader: 8:00pm On Sep 09, 2020 |
ayummy: Good luck getting the loan. Truth is, I would have love to run loan company, but I can't afford the risk of establishing a loan company in Nigeria, No assurance that debtors will not default due to the bad economy policy in your country coupled with one of the most essential needed.....Electricity. 2 Likes |
Re: Treasury Bills In Nigeria by davit: 8:08pm On Sep 09, 2020 |
Exactly my thought. We are terrible here when it comes to paying back loan! Stocktrader: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:34pm On Sep 09, 2020 |
Stocktrader:are u for real ? U dont have account officer to call or mail. 7 Likes |
Re: Treasury Bills In Nigeria by ayummy(m): 8:47pm On Sep 09, 2020 |
Stocktrader: I understand you perfectly Sir... But we can give you anything needed to assure you or anyone willing to help that we would pay back. We just need growth and we are determined to WORK!!! Thank you.. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:51pm On Sep 09, 2020 |
Stocktrader:how do u mean? People abroad dont send mails to account officer ? 2 Likes |
Re: Treasury Bills In Nigeria by PearlStreet(m): 8:51pm On Sep 09, 2020 |
Stocktrader: DMO Telephone: +2348110000881 Email: enquiries@dmo.gov.ng Direct your questions there. 2 Likes |
Re: Treasury Bills In Nigeria by Sleekteddy: 8:57pm On Sep 09, 2020 |
ayummy: 1 1 Like |
Re: Treasury Bills In Nigeria by ayummy(m): 9:25pm On Sep 09, 2020 |
Sleekteddy: Looking forward to it Sir... My contact +2348128138020 ... I am Lagos based with my family.. So If a meeting is needed and you are in Lagos too, we can arrange one.. Thank you . |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:38pm On Sep 09, 2020 |
ayummy:Have you tried bank? 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 1:49am On Sep 10, 2020 |
Why not go for First bank commercial paper instead of tbills, this is the rate as of yesterday 09/09/2020 3% for 182 days, 3.5% for 273 days and 4% for 364 days. The rate can be increased for 200M and above. Stocktrader: |
Re: Treasury Bills In Nigeria by chelseamann(m): 5:41am On Sep 10, 2020 |
Good morning all, I have a business I am into and I need a support or probably a business partner. It's all about importation of used iPhones, laptops and other gadgets from deal hunters here on Nairaland and I sale when it arrives Nigeria. I have being running it successful but I just need a bigger capital to expand on it. Ask me any questions here or slide into my WhatsApp let's talk. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:06am On Sep 10, 2020 |
Stocktrader:see ? ( billionare talking) if i have access to 1 bn to invest i will be speaking to jim ovia directly but since your are abroad why not come in as a fpi ( so u will be protected ) from currency devaluations and can invest in omo with better rates... 16 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 8:21am On Sep 10, 2020 |
At the bolded, what is the minimum amount required for this ahiboilandgas: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:32am On Sep 10, 2020 |
Stocktrader:1m € is big money any where bros .less than 1 percent of the 7bn souls on would ever be wort 1m € . 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:33am On Sep 10, 2020 |
XiaoLi:not very sure think is over 200m .. |
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