NewStats: 3,262,372 , 8,176,947 topics. Date: Monday, 02 June 2025 at 03:13 AM 21am

Iamgrey5:
I believe they pay the rate immediately your money is deducted if you buy the t bills directly through the primary market.

There are 90 days, 180days and 365 days

Rates are discounted, So whatever rate is given is divided by 12

And the rate is not fixed, it fluctuates with inflation.


What you describe is how interest is paid a fixed deposit .

a 90day tbill at current rate gives him 11k interest. What the hell is that gonna do

Try and get a small shop near any major junction like Rumuokoro , Rumuagholu or any junction u are closed to , go to onitcha market, buy plastic containers like water drums rubber plates bowls, just start with that first.

nextstep:
The best "business" with 500k in this Buhari era is just fixed deposits/treasury bills where you're guaranteed interest with very little risk.

Everything else, in my opinion, will cause you to work too hard for too little gain. After all the businesses you can start with 500k today, you are lucky to see consistent 2-5k profit weekly. Reason am: 500k @12% = 60k. Just my own sha...

U do realize the 12% profit on t-bills is on a per annum cruise?
meaning the 60k u are looking at is what he will spend for a year while his 500k is tied down at the bank....

no let the guy result to buying sniper when the 60k remain 500naira by the second month oooo

Kids that have not seen anything will just be shouting 500k na money meanwhile thier parents still give them money to go and pay nepa bill,pls go into agric ,buying and selling considering ur capital, instead of renting a shop look for buyers and be supplying them from d north very lucrative

ednut1:
a 90day tbill at current rate gives him 11k interest. What the hell is that gonna do

It's something now

U can as well go to nasarawa state and buy melon for storage and thank me later

colestephan86:

Palm oil. Start Palm oil business , you will thank me latter

could u elaborate on this?

ednut1:
a 90day tbill at current rate gives him 11k interest. What the hell is that gonna do

the guy still dey sch ignore him maybe he heard 12% from one of his fellow friends who is studying ing,treasury bill is not for d poor and u use only spare money on it,

osazsky:
Nobody should mention treasury bill here,its not for the poor u only enjoy it when u invest 27m and above cuz they normally spread d interest I have a friend who used 27m,he gets monies in 100 with his capital still intact but I still fill it's for lazy people sha

You really don't need millions to have investments here and there. There are different portfolios if you visit a Merchant Bank. FSDH holdings has a portfolio called 'Treasury Bill Fund' and you can start with as low as 5k a month, per annum. I can't recall the interest rate, but it should be around 11% if I am not exaggerating. You should check them out sha.

osazsky:
Kids that have not seen anything will just be shouting 500k na money meanwhile thier parents still give them money to go and pay nepa bill,pls go into agric ,buying and selling considering ur capital, instead of renting a shop look for buyers and be supplying them from d north very lucrative

500k no be small money but a guy said "imagine 500k can't start a mouth watering business.that naija is finished"
That is what triggered my laughter.

Watch your mouth!

talk2oxii:
Please I Need Help; What Viable Business Can #500k Start In Portharcourt

I lost my bank job of over 4 years early this year. My efforts towards securing another job since then has been futile. I've invested in all sorts of online business but none yielded reasonably.

I have resolved to set up a business with my only savings of N500k here in Port Harcourt.

Great Nairalanders especially those resident in Port Harcourt, I've come for your advice. What business (NOT ONLINE) can I start with my 500k savings here in Port Harcourt?.

God bless as you advise

Car washing business. I know back then it's lucrative. Though I'm no longer in ph. Try and make more inquiry

Wheezy123:

Start up a blog with atleast 20k, deg the blog is another thing as everything will cost approximately 70-100k. Post consistently and make your blog lively and interesting. The more traffic you get, the more your money piles up. The least average blogger earns atleast $500 dollars per month.

Yea. Its that easy. Just write contents and you will become a millionaire.

Let me ask you. Are you a millionaire?

nextstep:
The best "business" with 500k in this Buhari era is just fixed deposits/treasury bills where you're guaranteed interest with very little risk.

Everything else, in my opinion, will cause you to work too hard for too little gain. After all the businesses you can start with 500k today, you are lucky to see consistent 2-5k profit weekly. Reason am: 500k @12% = 60k. Just my own sha...

Hope you know the 12% is for one year, right?

Can you live on 60k for one year?

GrabHisBalls:
You really don't need millions to have investments here and there. There are different portfolios if you visit a Merchant Bank. FSDH holdings has a portfolio called 'Treasury Bill Fund' and you can start with as low as 5k a month, per annum. I can't recall the interest rate, but it should be around 11% if I am not exaggerating. You should check them out sha.

oga u only go into treasury bill with spear money,someone said he has only 500k u are saying treasury bill which is 6k every month when u spread it,y not advice him to buy shares with d 500k and wait

talk2oxii:
Please I Need Help; What Viable Business Can #500k Start In Portharcourt

I lost my bank job of over 4 years early this year. My efforts towards securing another job since then has been futile. I've invested in all sorts of online business but none yielded reasonably.

I have resolved to set up a business with my only savings of N500k here in Port Harcourt.

Great Nairalanders especially those resident in Port Harcourt, I've come for your advice. What business (NOT ONLINE) can I start with my 500k savings here in Port Harcourt?.

God bless as you advise

Are you good in business or you want to go into business because you are out of job? If you are good in business. Choose a location for us to meet and discuss or share your

Joevics:

Yea. Its that easy. Just write contents and you will become a millionaire.

Let me ask you. Are you a millionaire?

Nigerians will just be causing confusion, he didn't see the part were he said he has done many things online and it didn't work for him

ednut1:
Bros be careful o. 500k self cant do any better business in this 9ja o. Lord help us

It is a lie, 500k can do much unless the guy is married with many kids to feed. I started my business with just 350k yesterday made it a month and my profit is above 50k. It is just God's grace and having knowledge about business because I went to apprenticeship. With my determination and God's grace my shop will soon have branches. The secret of any successful business is God and good location.... Cheer

Wheezy123:

Start up a blog with atleast 20k, deg the blog is another thing as everything will cost approximately 70-100k. Post consistently and make your blog lively and interesting. The more traffic you get, the more your money piles up. The least average blogger earns atleast $500 dollars per month.

A blog can't cost more than 20k if he starts small

osazsky:
Nigerians will just be causing confusion, he didn't see the part were he said he has done many things online and it didn't work for him

Because it failed before doesn't mean it would fail again

Britishcoins:


It is a lie, 500k can do much unless the guy is married with many kids to feed. I started my business with just 350k yesterday made it a month and my profit is above 50k. It is just God's grace and having knowledge about business because I went to apprenticeship. With my determination and God's grace my shop will soon have branches. The secret of any successful business is God and good location.... Cheer

ignore those people,just leave them make them dey rant

osazsky:
oga u only go into treasury bill with spear money,someone said he has only 500k u are saying treasury bill which is 6k every month when u spread it,y not advice him to buy shares and wait

My comment was to change your initial stand that investments are for the rich. Treasury Bill is a government bond. The one I mentioned is Treasury Bill Fund. Both are different.

That said, there are portfolios he, or anyone could go for. It's actually better than leaving your money in your savings that does not yield interest for you at the end of the day/year.

talk2oxii:
Please I Need Help; What Viable Business Can #500k Start In Portharcourt

I lost my bank job of over 4 years early this year. My efforts towards securing another job since then has been futile. I've invested in all sorts of online business but none yielded reasonably.

I have resolved to set up a business with my only savings of N500k here in Port Harcourt.

Great Nairalanders especially those resident in Port Harcourt, I've come for your advice. What business (NOT ONLINE) can I start with my 500k savings here in Port Harcourt?.

God bless as you advise

Start service businesses. I will advice investing in a laundry and barbing shop.
* The laundry can cost you about 300k. You can run it yourself.

*Open a barbing shop with the remaining 200k and have the barber pay you a fixed amount weekly.

However if you want to invest the whole money in a single business, then I will advice you open a boutique.
All the guys I know in trans Amadi that had boutiques are big boys today with very large stores.

500k can go a long way in establishing a big shop. You should always consider the location for all the stated businesses.

Good luck.

talk2oxii:
Lalasticlala please help me get this to the right audience

I would have given you some good online business you can start if you have a laptop, but since you said NO ONLINE biz I'll .


If you can risk less than $50 quote me... note you're not paying me the money. you're going to do everything yourself before dem term me scammer.

Joevics:


Start service businesses. I will advice investing in a laundry and barbing shop.
* The laundry can cost you about 300k. You can run it yourself.

*Open a barbing shop with the remaining 200k and have the barber pay you a fixed amount weekly.

However if you want to invest the whole money in a single business, then I will advice you open a boutique.
All the guys I know in trans Amadi that had boutiques are big boys today with very large stores.

500k can go a long way in establishing a big shop. You should always consider the location for all the stated businesses.

Good luck.

nice one,but for d laundry he has to be hardworking, and light issue too cuz of ironing,he can get s good hisence automatic washing machine for 70k, and its friendly with even small gen but what of ironing considering d fact dat nepa nor dey exist again

talk2oxii:
Please I Need Help; What Viable Business Can #500k Start In Portharcourt

I lost my bank job of over 4 years early this year. My efforts towards securing another job since then has been futile. I've invested in all sorts of online business but none yielded reasonably.

I have resolved to set up a business with my only savings of N500k here in Port Harcourt.

Great Nairalanders especially those resident in Port Harcourt, I've come for your advice. What business (NOT ONLINE) can I start with my 500k savings here in Port Harcourt?.

God bless as you advise

Dear,
With 500k, you can do much even in this economy.
What if I tell you that you can make at least 100k each month by investing 350k.
You might think it's a scam or not possible.
It's 100% legit and possibly!
Exportation will surprise you.
The most important things you need here to start include;
1. A good Knowledge of the products and business (I can get you ther).
2. A ed business with both CAC (corporate affairs commission and NEPC (Nigerian exporting promoting council.
3. with any b2b platform of your choice (but I would recommend globalbuyersonline to fit your budget).
4. A mobile phone to answer calls
5. Internet enabled device (your Android device can do the work needed)
6. email address.
7. Business or personal bank .
If your are interested, I will explain more in detail.

GrabHisBalls:
My comment was to change your initial stand that investments are for the rich. Treasury Bill is a government bond. The one I mentioned is Treasury Bill Fund. Both are different.

That said, there are portfolios he, or anyone could go for. It's actually better than leaving your money in your savings that does not yield interest for you at the end of the day/year.

there are businesses u will do with 500k if u are hard working u can b making 60k every month I just feel 6k a month is too small for someone who has worked in d bank before ,,

You are looking for advice on nairaland, hahahhahahaahha. Persons that have something to tell you won't even comment, 99% of persons advising you don't even have a business.
You can not give what you don't have.
For you not to know what to do with 500k I bet you, you may not succeed in business. even legit businesses fail talk more of this once am seeing.

Note 500k is even too much to start a business.


Make I advice you, commot 5k from that money buy this books I recommend, no be person go advice you.

The richest man in Babylon
Zero to one
Think and grow rich
The intelligent investor
Increasing your financial intelligence
Rich dad poor dad.

No tell me thank you

Johnjnr:
You are looking for advice on nairaland, hahahhahahaahha. Persons that have something to tell you won't even comment, 99% of persons advising you don't even have a business.
You can not give what you don't have.
For you not to know what to do with 500k I bet you, you may not succeed in business. even legit businesses fail talk more of this once am seeing.

Note 500k is even too much to start a business.


Make I advice you, commot 5k from that money buy this books I recommend, no be person go advice you.

The richest man in Babylon
Zero to one
Think and grow rich
The intelligent investor
Increasing your financial intelligence
Rich dad poor dad.

No tell me thank you

lol,thank you.
Them no dey show person business!
Sad truth I swear.Na for him to look for what he can do,learn and adapt.
Finished!

osazsky:
the guy still dey sch ignore him maybe he heard 12% from one of his fellow friends who is studying ing,treasury bill is not for d poor and u use only spare money on it,

Is something wrong with your abilities to read?

I simply left him because I felt he understood my point.

90 days is quite different from 365 days

I said rate are paid upfront not the way ednut described it.

Rates are discounted.

Hence, 500000× 9.7%(current rates)÷ 12× 3(90 days) but interest is paid upfront.

489000 is deducted from his instead of 500000 once the bid is successful.

What he described is how interest rate is paid on fixed deposit by commercial banks.

cc ednut1