People Rush N2 Trillion To Buy Treasury Bill For 15.8% — See How You Fit Join With Small Money | Premium Article
Listen to Free PreviewTitle, summary and free preview
Uses your browser or device voice. Reads the title, summary and free preview.
Premium Article

People Rush N2 Trillion To Buy Treasury Bill For 15.8% — See How You Fit Join With Small Money

For Nov 4 auction, investors bid N2.05 trillion for only N800bn Treasury Bills. The 1-year own na 15.8%. See wetin be Treasury Bill, how much you need to start, and how to buy am from your phone.

Free preview

People Rush N2 Trillion To Buy Treasury Bill For 15.8%

 

Something shock everybody for Nigeria last week.

 

Federal Government say: "We want to borrow N800 billion with Treasury Bill."

 

Nigerians and big banks rush come. Dem no bring N800 billion o.

 

Dem bring N2.05 TRILLION.

 

Yes, 2 trillion. More than double wetin government ask for.

 

Why? Because the interest na 15.8% for 1 year. Where you go see that kind interest for bank? Your savings account dey give you 2% or 4%. Treasury Bill dey give 15.8%.

 

Banks dey park N8.51 trillion for CBN because dem no want lend to people, dem prefer this risk-free money.

 

In this premium article, I go show you:

 

1. Wetin be Treasury Bill for simple Pidgin

2. How much you need to start — no be only for rich people

3. How to buy am from your bank or app without wahala

4. How much you go make if you put N50k, N100k, N500k

 

Pay 300 naira to unlock the full gist.

Members-only content

Unlock the complete article

You've reached the end of the free preview. Purchase this article once to unlock the complete content on your LODPOST account.

₦300.00 NGN base price
Bank transfer: ₦300.00 PayPal: $0.30
Sign in to purchase
Secure payment Permanent article access NGN bank transfer or USD PayPal

Comments

About Author

Philip
Philip
Philip ✓ Verified Premium Subscriber This member currently has an active Lodpost Premium membership. Premium members enjoy author analytics, a higher daily article limit, and 0% Lodpost commission on eligible donations.
Premium
FUOYE Computer Science Student 💻 I break down Finance, Business & Tech in simple English for students. Writing on LodPost to support my studies & data subscription. If my articles help you, abeg support me with a small tip ❤️ - e go help me write more daily!
9Followers
0Following
146Articles
14Likes
LODPOST
Install LODPOST

Add LODPOST to your home screen for quick access.

Install LODPOST

Open your browser menu and choose “Install app” or “Add to Home screen” to install LODPOST.