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XiaoLi's Posts

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InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 5:06pm On May 13, 2020
no mind my name, i be full blooded naija, the bobo wey answer something na rubber nko cool
ahiboilandgas:
i think say u be Chinese man
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 4:45pm On May 13, 2020
na so e dey take start cool
ahiboilandgas:
treasury bill luv loading ....make una invite us for the wedding....but bros change your profile name so she go agree
InvestmentRe: Treasury Bills In Nigeria by XiaoLi:
The bolded got me laughing cool, we are thesame in that aspect, i'd rather do charity instead of paying tithe.
Barrytone:
Fortunately, I still do everything I should be doing. My wife is supportive, I still run my educational foundation. I still support the less privileged, was able to send palliative to my village this season. They is nothing I wish God should help me achieve that I don't achieve yet I meet up my target before may every year. I don't pay tithe.
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 4:32pm On May 13, 2020
It doesn't worth it, it is better to leave your money in your savings account.
Barrytone:
Am saving my capital and uses the upfront to cater for my family. At low rate with huge capital, you can comfortably pay fees and maintain house and drink beer, its still enough. I have out grown my salary, i don't touch my salary. I run with the interest.
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 4:29pm On May 13, 2020
On point!
emmanuelewumi:
Peter needs a life insurance policy, if he dies today the standard of living of his family will drastically nosedive in less than 2 years.

If John dies today his family will still maintain the same or better standard of living.

Reason why investment income is very important.

Also important to invest part of our active income eg salaries, commission etc into investments so as to earn investment income
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 3:46am On May 12, 2020
Wrong place
AlabiAbner1:
I know you would like to invest in Oyin Garden because of it benefits���

Welcome to OYIN GARDENS.
OYIN GARDENS is a good investment offer for everyone who have what it take's. It's located in Orile-igbehin in Obafemi Owode, local government, Ogun state.

Less than 10 minutes’ drive from redemption camp.

For more information, and how to see the land contact +2348100723431/+2348104314345

Or click on the link below: https:///IUjqtGzV49hIUmfFgymsYE
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 3:20pm On Apr 29, 2020
Thanks for your advise, the part of the world where i live is very good in agribusiness and i am willing to learn here on the best way to do it, i actually have a cousin in Nigeria who is into it but in a small scale with about 5000 fishes, he said the business is so lucrative and have explained to me a bit how they do it, infact the profit margin he quoted was something insane that made me thinking if it is right to go into it while in Nigeria as i have lived most of my life abroad and planning to relocate to Nigeria soonest.
emmanuelewumi:
Try and learn the business, there are lots of tricks in Agribusiness.

When you are starting, please start small, learn and grow.
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 2:24pm On Apr 29, 2020
As a business
emmanuelewumi:
Are you trying to do this as a hobby or business
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 1:48pm On Apr 29, 2020
Hi guys, does anyone here have idea about catfish farming in a large scale in Nigeria and how lucrative it is, your advise/ideas is much appreciated.
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 5:37am On Apr 28, 2020
As someone who have lived abroad for up to 20yrs, i will advise you to stay back in Nigeria and invest that money in your business if you are into business, if you are not into business you can invest it in MMF and continue to do what gave you the 15M, abroad is not always rosy as most people in Nigeria think.
afroxyz:
But is it advisable for one to spend 10 -15m to migrate to Canada to start all over again or just invest here and continue the hustle?
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 8:13am On Apr 26, 2020
Your wisdom and experience is mind blowing, I salute!
emmanuelewumi:
Some people have time but don't have money eg the unemployed

Some have money but don't have time eg highly paid professionals, businessmen

Some people don't have time and don't have money eg lowly paid workers and most people in the rat race

Some people have money and also have time. Those are the financialy independent.



Having good health is very important. But having good might not give one a long life. If you don't have time and money. Other things like stress, hunger, accident can kill a healthy man who does not have time and money in the cause of the rat race.

I have an in law, who was diagnosed of diabetes and high blood pressure at the age of 38, but the man died this year at the age of 80 because of these resources time and money.
InvestmentRe: Treasury Bills In Nigeria by XiaoLi:
Do tbills with Nigerian banks only if you must still do it to avoid heart attack and stories, forget about the high interest some companies/people might offer.
davit:
Guys what is our take on this? Anyone done TB with them before here?
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 4:11am On Apr 22, 2020
Can you send link to the business section
Gokoyer0:
If you can supervise/monitor your business for a minimum of 80%, then go to business section and start reading those threads that arouse your interest. Pls beware of scammers! You will get some clues on how to start establishing your own business empires. You can start small btw.

You can check out car washing( good location), real estate (start buying not-so-expensive lands and develop them to reasonable level if there will be land grabbers), farming, transport business/higher purchase and etc.

Remember also that global recession is coming and it's important to be careful in choosing business to venture into at this period.
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 4:31am On Apr 18, 2020
What rate is it, is there any charges applicable to the capital or interest?
chigo4u:
I think stanbic dollar fund is better
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 3:55pm On Apr 17, 2020
FBN Quest
chigo4u:
What bank offered you 4% on usd investment? Does anyone know if GTB has any usd investment? Don’t want to move my usd to another bank
InvestmentRe: Treasury Bills In Nigeria by XiaoLi:
I don't know this before, but i think there must be a way they did it because it clearly stated 360days on the certificate
emmanuelewumi:
Commercial papers are usually for 270 days and below. They should be able to work something out. After the initial 260 days, they will buy for another 100 days in the secondary market
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 3:10pm On Apr 17, 2020
Ok i will check them out hopefully next time i go to Nigeria, they offered 260 days but i insisted it must be 365 days since i dont want the funds in my account soon and doesn't have time sending email instructions too. Finally we arrived at 360days.
I was still able to get dollars at 358.5 then thanks to the gurus here who speculated that Naira may be devalued.
emmanuelewumi:
Talking about soft copies of the offer documents. Try and get in touch with them personally at FBN Quest Merchant Bank or FBN Quest Asset Management. They are at the same location on Keffi Street South West Ikoyi Lagos.


What is the duration of this Commercial papers?

Should not have exceed 9 months
InvestmentRe: Treasury Bills In Nigeria by XiaoLi:
I didn't get the offer through a link.
emmanuelewumi:
It is, there are High Networth Investors and institutional Investors who invested millions of dollars...

Can you send a link to the offer?
InvestmentRe: Treasury Bills In Nigeria by XiaoLi:
Glad it is safe, i got 4%, they initially offered 3.5% but i insisted they make it 4% since another bank offered 4% on a usd denominated investment (not really) which they later agreed.
emmanuelewumi:
It is very safe, what is the rate on the commercial paper
InvestmentRe: Treasury Bills In Nigeria by XiaoLi:
emmanuelewumi:
How much did you invest
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 1:57pm On Apr 17, 2020
Not Eurobond, on the investment certificate they called it FBN Quest USD Bilateral Commercial Paper.
emmanuelewumi:
I am not aware of any dollar denominated commercial papers.


Maybe you are referring to Eurobonds
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 1:47pm On Apr 17, 2020
Is FBN dollar denominated commercial paper through FBN QUEST safe?
emmanuelewumi:
They are Commercial papers, they pay between 6% to 7%. They are from 90 days to 270 days


I think the CFOs of those businesses are using the commercial papers to liquidate their existing loans which are currently between 15% and 18%.


So that they can directly get cheaper funds from the investing public for the running of the businesses. There is so much liquidity in the system
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 4:13pm On Apr 14, 2020
You can have even more than two accounts within thesame bank.
Aquilapriscilla:
Wait,but is this even possible? Having two bank accounts within the same bank?
Good morning
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 9:45am On Apr 12, 2020
The minimum investment value i don't know as i have already invested. I got 4% for the interest and investment was done first week of March. My RM said that it is First Bank offering the Commercial Paper and it is risk free same as treasury bills, I just want gurus here to help look into it as those RM cannot be trusted sometimes.
damilola1978:
what was the minimum investment value and at what percentage?

On a general note FBNQuest are like brokers, you would need to do your own research about the company offering the commercial papers to know their credit rating and how good their balance sheets have been for atleast 2 years
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 5:06am On Apr 12, 2020
Can someone look into this question pls.
XiaoLi:
Has anyone here ever done dollar denominated Commercial Paper through FBN quest, is there any risks associated with it?
InvestmentRe: Treasury Bills In Nigeria by XiaoLi: 6:09am On Apr 11, 2020
Has anyone here ever done dollar denominated Commercial Paper through FBN quest, is there any risks associated with it?

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