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Treasury Bills in Nigeria: Investment, Rates, Calculation & All You Need to Know

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There are many investment opportunities where you can preserve and increase your money instead of just saving in the bank. Among these opportunities is T-Bills Investment – That’s investing in Treasury Bills in Nigeria. T-Bills investment is hidden to most Nigerians because it’s not hyped or talked about like other ways to make money or start a profitable business.

If by any means you want to know more about Treasury Bills investment, then you’re at the right page.

I will show you everything you need to know ranging from: the meaning of Treasury Bills, How Treasury Bills works in Nigeria, Types of Treasury Bills in Nigeria, Advantages & Disadvantages of Treasury Bills in Nigeria, Rates of Treasury Bills in Nigeria, How to Buy Treasury Bills in Nigeria, How to Calculate T-bills Profit and Definition of some terms related to Treasury Bills.

Now, all you need to do is keep your 100% mind focused here as you will learn something great and new today!

Treasury Bills in Nigeria: Everything You Need to Know

Let go;

What are Treasury Bills?

Treasury bills is also known as T-Bills. It’s is basically of short-term debt backed by the government of any state, in the Nigerian context, it issued by the FG via the Central Bank of Nigeria. These bills are offered here in the country on a bi-weekly basis via the CBN, and due to their liquid nature, they can be traded in the secondary market.

These bills are often used in funding many infrastructural projects which may pop up during governance, most projects like road, school, electricity and more have part of their funding from T-bills.

Treasury bills in Nigeria have a maturity period/date – a period where one can cash out or withdraw his/her funds.

T-Bills more like a loan offered to the government with interest, but this time it’s not from banks alone. It is from any individual in the country. The maturity period can be likened to a loan’s expiration date whereby the borrower will have to repay his/her debt. The maturity period for T-bills varies, but in most case it ranges from ninety-one days to a year, based on the agreement reached, the tenure could be more.

RELATED: Top 10 Banks to Get Loan in Nigeria

How Treasury Bills works in Nigeria?

So how does T-bills work in the country, it’s pretty straightforward.

Once in the period of two weeks, the Central Bank of Nigeria announces the sale of government securities which includes treasury bills, this information is carried in the pages of national dailies and on the CBN website. Interested persons will have to make a purchase by filling out the T-bills form from any of their official dealers, agents or commercial banks.

Once the transaction is approved, the proposed sum will be deducted from the account provided in the application form. Once received you’d be paid your interest rate upfront, the balance will be sent to you at the bills maturity date. This bills from now on will be used in funding most projects, it also used at times to as part of funding for the national budget.

Types of Treasury Bills in Nigeria

There are basically three types of treasury bills offered by the Central Bank of Nigeria, they’re a classified according to validity period;

  • 91DAYS NTB – These bills have a tenure of 91 days after which the FG pays back its debt to the lender. 91 days bill are auctions bi-weekly on Wednesdays but payments are to be made on Friday.
  • 182DAYS NTB – The treasury bills of this type reach maturity after 182 days of bill issuance. After this the bills are payed after the initial interest which is usually paid upfront.
  • 364DAYS NTB – You could also refer to this as bills that are matured after a year period. The auction is usually on Wednesday and payments the next Friday.

Now, let talk about the big deal;

Advantages and Disadvantages of T-Bills

As with all forms of business and investments, there are the good and bad sides of the coin, the same can be said for T-bills. Generally.

However, there are some advantages and also disadvantages which are as follows;

Advantages of Treasury Bills in Nigeria

  • Treasury bills are one of the best investments one can engaged in, for consistent income.
  • Treasury bills in Nigeria are tax free form of investments offered by the FG. This implies that you don’t need to pay added fees for tax.
  • The risks involved are less or let say it has no risk because it’s backed by the government.
  • You are assured of getting every penny invested back, plus interests.
  • There are no charges for transactions and they are very liquid.
  • Very advisable than keeping your money in back. Treasury Bills lets your money keep increasing.

Disadvantages of Treasury Bills in Nigeria

  • The major disadvantage that may is the constant fluctuation of interest rates, as this may hinder your profit potential.

Now let talk about the said rate;

Rates of Treasury Bills in Nigeria

The current rates for National treasury bills can be found on the pages of major newspapers, CBN’s website and the DMO website.

The currents rates Nigeria treasury bills 2019 as released by the CBN are as below:

Auction date

Marginal Rate

91 days182 days364 days
October 16, 201910.8011.00%12.94%
October 02, 201911.0811.60%13.20%
September 18, 201911.1011.75%13.30%
September 11, 201911.1011.79%13.28%
August 28, 201911.1011.58%12.89%
August 14, 20199.7011.35%12.00%
July 31, 20199.7510.60%11.18%
July 17, 20199.7410.75%11.13%
July 03, 201910.5011.70%11.91%
June 19, 201909.6011.89%12.02%
June 13, 201910.0011.94%12.34 %
May 30, 201910.0011.95%12.20 %
May 15, 201910.0012.30%12.49 %
May 02, 201910.0012.49%12.77 %
April 17, 201910.1412.50%12.74 %
April 03, 201910.2912.60%12.85 %
March 20, 201910.3012.20%12.34 %
March 13, 2019N/A12.50%12.84 %
February 27, 201910.90%13.01 %14.37 %
February 13, 201910.97%13.40 %14.95 %
January 30, 201911.00%13.50 %15.00 %
January 16, 201911.00%13.10 %15.00 %
January 02, 201910.89%13.10 %14.50 %
    • Credit: www.nigeriagalleria.com
  • You can find the rests of this by visiting >> https://www.cbn.gov.ng/rates/GovtSecurities.asp, there you’d see the rates for subscriptions, net sales, marginal rates, true yield and more, you’d could also explore the rates for other security like FGN Bonds, CBN bills and more.

How to Buy Treasury Bills in Nigeria

Purchasing of treasury bills in Nigeria is a pretty easy process and anyone can buy into it, as long you have the minimum amount required which is N10,000 you can invest in this business.

  • All you need do is get an agent or accredited dealer.
  • Request and Fill out the T-Bills form you’d be given, state your amount you’d be willing to invest and the money will be deducted accordingly.

Asides these accredited agents, commercial banks in Nigeria are also a good platform to buy any amount of treasury bills in Nigeria, and it’s advisable you use the banks to be on a safer side.

If you still don’t get the whole concept of T-bills purchase, don’t fret as there are agent in most commercial banks to guide throughout the process.

How to Calculate T-bills Profit

After investing in T-bills, you expect to get profit at the end of the day, you could easily calculate your potential profit before its maturity date. To calculate, you’d need to have some variables, the tenure/type of Treasury bill purchased, the amount purchased and you’re good to go.

Income is calculated in percentage so you have you subtract the amount from 100, and dividing whatever you have with the same amount, finally you multiply whatever value gotten by hundred – just like calculating the Simple Interest (SI) in Mathematics.

I mean like:

  • 100 – amount x 100 for the profit.

To get the annualized profit, you’d have to multiply what you have in the formula above by 365.

  • Annualized profit = profit x 365.

Definition of some terms in Treasury Bills:

Some you’d need to familiarize yourself with when dealing on treasury bills

  • Yield Rate – The yield rate for any T-bill is the amount of return on your investment, it’s expressed in percentage.
  • Bill Auction – It’s an event that occurs bi-weekly in which treasury bills are auctioned
  • Treasury Bond – Similar to treasury bills, treasury bond or T-bonds have fixed interest rates and have maturity of above 10 years. The interest is paid on a periodic basis until the maturity date.
  • Government Paper – These are securities that are issued by the Federal Government
  • Stop rate – Stop rate is the highest rate you can get on interest.
  • Tenor – Amount of days, usually 91, 182 or 364 days, that bills can be held.
  • Bid rate – This implies to how much you’re willing to buy any government securities during auction.

Rounding Off – Treasury Bills in Nigeria

So there you have it, all about Treasury bills in Nigeria. Soon, am going to write about top banks you can buy Treasury bill and how to buy them.

Let me say again that investing in T-Bills is very advisable for smart people like you because, the money you keeps in the Bank do nothing for you and sometimes the money are gradually deducted by the banks for some unreasonable expenses like card maintenance etc.

If you invest in Treasury Bills, you’re going to have your money increased and don’t forget that it is 100% risk free!

Keep anticipating for more guides about treasury bills in Nigeria but for now, do let me know what you think about this type of investment and don’t forget to share this amazing information with your friends by clicking on the floating social media icons.

 

My name is Stephen Gbolagade, people say I'm a multi-skilled guy. I guess maybe because I'm a Blogger, Website Designer, SEO specialist, Content Writer, Business coach, Digital Marketer, and Self-taught Frontend Developer. But what do I have to say about myself? My contents, personality, and services will say and prove the person I am to you. __________________________________________________________________________ You can hire me for Music Promotion, Website Design or Blog Setup, Marketing and any Digital-based tasks! __________________________________________________________________________ Contact me here on Facebook :: Instagram :: WhatsApp __________________________________________________________________________ If you're inspired by me and think it's necessary to buy me a cup of coffee, you can give me a tip HERE 👌

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HOG Furniture Review: Trusted Online Shopping Store?

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HOG Furniture

Few weeks ago, I was trying to get a particular office chair for my workspace, then I stumbled on HOG Furniture. Just like you, I was doubting if HOG Furniture is reliable or not; as I’m pretty much familiar with the likes of Jumia and some other shopping stores in Nigeria.

Finally, I took the risked, placed an order and pay for the office chair.

But with respect to my experience in online shopping, and with HOG Furniture, is the company really the best online shopping store for furniture or homewares in Nigeria as they claimed?

I will answer that question right in this blog post.

But kindly note that this is not a sponsored post and I’m not promoting HOG Furniture. I’m just sharing what I’ve personally experienced.

Now, let’s start!

About HOG Furniture

HOG Furniture website

HOG Furniture is an online shopping store in Nigeria, primarily dedicated to home and office wares.

In simple term, the company deal with selling of stuffs like chairs, table, desk, cabinets, wardrobe, rug, carpet etc. And one more thing;

They also deal with Auctioning, cleaning and maintenance services.

Benefits of Using HOG Furniture

  • Competitive and Affordable price
  • Fast shipping
  • Fast customer care response
  • Anyone can become a vendor
  • You can refer people and earn money
  • Flexible payment options
  • 7-days refund policy (too low tho)
  • You can get discount
  • etc.

Is HOG Furniture Legit or Scam?

HOG Furniture is legit. They are in business since 2009, that’s about 12 years (as at the time of writing this blog post). They have no record of scam.

If you’ve been scammed by HOG Furniture in one way or another, kindly use the comment box below to share your story with us and we will be glad to publicize it in order to save someone outside there.

But personally, I have no issue of scam with HOG Furniture.

How to Buy Stuffs on HOG Furniture

  1. Visit their website: https://hogfurniture.com.ng/
  2. Sign up and complete your profile
  3. Search for, and add your product to Cart
  4. Proceed to Pay
  5. After payment, wait for your items to be delivered to you.

That’s pretty eazzy, isn’t it?

But I will advise you to chat with them first before you place order. Before I placed my order, I had to chat with them on WhatsApp to know the shipping process and some other questions.

ALSO READ: How to Buy and Ship from USA Store to Nigeria

Now, let’s talk about HOG Furniture if they’re really the best online shopping store for furniture in Nigeria.

Is HOG Furniture the Best Online Shopping Store in Nigeria?

Well, I can’t categorically say YES or NO. But to be honest, they’re trying.

If they’re not the best, they should be among the top 5 in homeware or furniture store in Nigeria (as you know we have the likes of popular sites like Jumia, Konga and Jiji).

But notwithstanding, below are what I experienced with HOG Furniture;

Pros of HOG Furniture

1.      Good Customer Care Support:

I ask questions a lot, especially if we’re dealing for the first time. The response rate of the support team is fast. And you have a flexible way of chatting with them, which is through “WhatsApp”.

They also follow up by calling you.

2.      Affordable Shipping Fee:

Their shipping fee is not expensive, but I won’t tell you how much they charge as the fee is not fixed, it varies with respect to how heavy your item is, and how far your location is.

SO, I’ll advise you to talk to the customer care rep to know your standing here.

3.      Fast Delivery

This is what I really like the most of all the reasons why I like HOG furniture.

Let me confess this;

Before I ordered for my office chair on HOG Furniture, I have earlier ordered for the same chair on Jumia, I waited for about 11 days for it to be delivered. Unfortunately, Jumia cancelled the order without any reason given.

I mean, after waiting for 11 days!

Well, I went to HOG Furniture, placed order for the same office chair and after 4 days, I got my chair!

4.      Large Inventory of Items

You have thousands of items available for you.

Okay, let’s me also talk about the downside which I hate;

Cons of HOG Furniture

1.      Bad Delivery Handling

This really got me annoyed.

I expected HOG Furniture to be able to handle Delivery without stressing the customer (just like how Jumia and co does).

The day when they told me the items will be delivered to me elapsed without getting the item, that doesn’t annoy as I believe maybe something happened. So, I was expecting it another day.

Then suddenly one day, a man called me, telling me to come “immediately now” for my package because he’s going out.

And I was in the middle of an important meeting when he called.

He should have informed me in the morning before he got to my place. Well, I left the meeting and rushed to pick the items and I thought 30 minutes will be okay for me to take leave and return to the meeting later.

After getting to the pickup destination, the man asked me to pay for delivery before I pick the item.

I’ve paid for everything including the delivery fee, why do I need to pay again?

I had to call HOG Furniture to sort it out.

They delayed me for more than an hour there, before HOG Furniture send the delivery money to the driver.

Imagine what I lose that day because of poor delivery handling by HOG Furniture.

They should have:

  • Inform me earlier before the delivery agent got to my place
  • They should have paid the delivery fee and not waste my time with that.

I don’t know why they can entrust package worth N85,000 to a driver and can not entrust him with just N5,000 for delivery.

HOG furniture needs to fix this!

2.      Incomplete Package

Buying an office chair from HOG Furniture was not my first-time buying office chair. And I know what must be included in the package.

Maybe it was a mistake or intentional, I didn’t receive the Manual to install the chair, L and key screwdriver to assemble and tighten the chair.

With these two important items missing, I got annoyed too.

But they later send some DIY videos to replace manual, but I have to look for the “scarce” L and Key screwdriver myself.

HOG Furniture needs to be sure they package the complete items together before sending it out for shipping.

3.      Low ratings on products

You know rating is very important, that will help you make decision judiciously. But the products on HOG Furniture website has very low rating, and that may confuse you on knowing a trusted merchant or a scammer.

Maybe this is not HOG Furniture’s fault. Most people don’t care about dropping review unless the product come short of their expectation.

BUT they should try and get ratings and reviews, it builds trust!

So, Is HOG Furniture the Best in Nigeria When it comes to Furniture?

With the personal experience I shared above, I can’t really say.

And don’t be discourage, HOG Furniture is legit and their delivery is very fast. They just annoyed me slightly with the poor delivery handling stuff.

If you want to buy any item on HOG, go ahead.

If I were to rate them, I will give them 7/10. They should work on getting better.

In the future, I will still buy item(s) from HOG Furniture and see if they’ve improved or not; by then, I’ll update this blog post with my experience.

So here you go, HOG Furniture is still one of the top 5 online stores for Furniture in Nigeria!

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Heroshe Review: How to Buy and Ship from USA to Nigeria

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Heroshe Review - Buy and Ship from USA to Nigeria

Do you want to know if Heroshe is affordable, legit or scam?

Or maybe you want to know how you can buy (items) and ship from USA to Nigeria with ease using Heroshe to bridge the gap, then this blog post is for you.

Before we go into the review and how to buy/ship from USA to Nigeria, kindly note that I’m writing not from “mere” perspective or online reviews. But I’m writing out of my personal shopping experience from USA to Nigeria with Heroshe.

Heroshe, Heroshe… If this is your first time hearing that name, you may be wondering if it’s a name of person or company. And if it’s a company’s name, what to do they do in particular?

Okay, I got you! Let me use this opportunity introduce you to Heroshe;

About Heroshe

Heroshe is a logistics company that helps in procurement and shipping of items from USA to Nigeria.

To break it down, Heroshe can help you buy items from any USA stores like eBay, Amazon etc., and help you get the purchased items to Nigeria (Lagos state warehouse or your immediate city).

Heroshe - Get USA Address in Nigeria

If you have had trouble getting some items from USA before, Heroshe promises to make your next shipping a good and worthy experience.

Benefits of Using Heroshe

  • Free USA address where to can use as delivery address on any store
  • Free $2 or N1,000 when you sign up
  • Fast shipping
  • Affordable shipping
  • Good tracking system
  • Back-to-Back follow-up via email

But is Heroshe Scam or Legit?

Without mincing a word, Heroshe is legit!

Hey… hey, you’re thinking that the answer should be “maybe” just like other reviews about Heroshe says. I’m not going to follow that trend, I’ll just say the truth because I’ve used tested Heroshe and I now trust them.

This is not a sponsored post, but speaking from my experience with them.

Before I start using Heroshe, I have tried different logistics companies to help me procure and ship my items from USA to Nigeria, but in one way or another, I regret because they lack something, which Heroshe doesn’t.

If you’re thinking of using Heroshe for your next shipping from USA to Nigeria and you don’t know how, I highlight 11 simple steps to use Heroshe; either for the Buy for Me service, Ship for me service or BOTH. But now, let’s talk about why think Heroshe is the best so far;

Heroshe Review: features that make Heroshe Stands Out?

When I compare Heroshe with other companies have used or tried to use, I found out the Heroshe is best and here is why;

1.      UI/UX: Clean and Easy to Navigate Website

Heroshe’s website is clean, easy to navigate and very responsive.

Unlike a logistics website I visited, they are showing desktop view on mobile, which is annoying. Imagine how you will need to use you fingers to enlarge before you can see the texts on the website.

And some websites have annoying pop ups.

While another has lot of information squeezed on the homepage (and in smaller font sizes).

On Heroshe’s, you won’t miss your way as everything on their website are perfectly worded and arranged. No long text or confusing pages. The website is just straight forward.

2.      Live Chat Support

I’m a kind of someone who ask questions a lot and my curiosity must be satisfied before I proceed on doing something.

Some companies use email or phone call for their customer support service but they forget to realize that live chat option is very powerful!

Heroshe got a win here.

I’m not guaranteeing that you will get quick response like within 5 minutes because the time zone of the available customer care or sales rep may be different from yours, but I know they replies as soon as possible.

3.      Responsive Customer Care Service

I was eventually thinking of using ShopToMyDoor (ShipToNaija) to procure and ship my items from USA to Nigeria, but to be honest, their customer care service is horrible.

I don’t know maybe they thought I was joking or not serious, but they snubbed me for weeks even though I was chatting with them on WhatsApp (as that’s their official place to converse with customer).

The snubbing hit me hard to be sincere.

I immediate get to Heroshe, asked my questions on Live Chat and I receive responses which was onboarded till I finally agree to go with Heroshe.

For customer care service, Heroshe is your best plug if you need a company to help you buy and ship from USA to Nigeria.

4.      Affordable Shipping Fee

When I say affordable, I don’t mean Heroshe is the “cheapest” but their price is reasonable.

And that raise the question;

How much does Heroshe Charge for Shipping?

Heroshe charge $2 (or its equivalent in NAIRA) per Lbs. to ship from USA to in Nigeria.

But that’s just shipping fee from their USA warehouse to Nigeria warehouse which is in Lagos state. If you reside in Lagos, you can visit Heroshe warehouse to pick up your items for FREE.

If you’re not in Lagos state and you want to pick your items in your town or city, you will pay additional $10 for that. And your items will be waybill from Lagos to your place (either Ekiti or Kaduna).

But note that the $2 shipping fee from USA to Nigeria is not fixed as some items may attract additional fee (They’ll let you know if you need to pay more).

How many days does Heroshe Shipping takes?

According to Heroshe, it will take 8-14 days after items has been delivered to their USA warehouse and your shipping payment.

But hey, it’s not so!

My items got to their USA’s warehouse on June 28th and I pay for the shipping on the same day but received them on July 22nd. Well, that’s about 24 days.

Well, I don’t know the reason why it was like that, but I can guess maybe weekends and holidays are not included in their “8-14 days”.

But anyways, I got my items intact 👌

Now, the last reason feature;

5.      Flexible Payment Options

If you want to pay for your items and shipping fee with your ATM card, you can easily do that on Heroshe’s website using the Paystack payment gateway.

You can also pay using PayPal which is a great deal for people like me.

Note that you can’t pay for your items on Amazon directly with PayPal, but if you use “Heroshe: Buy for Me” service, you’ll just pay Heroshe with PayPal and they’ll help you sort it out.

Which one is “Heroshe: Buy for Me”? okay, let’s talk about it

Heroshe Services

Kindly note that Heroshe offers two different services which you need to be aware of, they are;

  1. Heroshe: Buy for Me
  2. Heroshe: Ship for Me

Although the services are self-explanatory, but let me say something about them just in case you need clarification.

·         Heroshe: Buy for Me

Let’s say your card is declined when you tried to checkout or complete payment on any USA store (which happens), or you want to pay using other method such as PayPal, you can use the Heroshe “Buy for Me” service and Heroshe will help you procure the items on your behalf.

You will send the money to them, they’ll help you buy the items.

How much do Heroshe charge for procurement or “Buy for me” service?

Heroshe charge 20% of whatever you’re paying for the items.

Let’s say the total item you want to buy cost $200, you’ll pay them additional 20% of $200 which is $40. Which mean, you’ll pay the total of $240.

Or let’s say you’re dealing with Naira, your total items cost N100,000, you’ll pay additional N20,000 (20% of 100k), and that totaled to N120,000.

Pretty cool for me tho.

Contact the customer care rep before you use this service, because in my own case, it was slightly different.

·         Heroshe: Ship for Me

This is another service which you’ll need to pay for.

They’ll help you ship your items from USA to Nigeria and it cost $5 per pound or $5 per 0.545Kg.

heroshe pricing

Kindly note that Heroshe round up number(s) to the nearest whole number. For instance, 6.3kg will be 7kg, 12.7kg will be 13kg and so on.

Also note that the shipping fee you’re paying cover VAT, Custom duties, clearing fees and taxes.

Which to me it’s affordable.

After your package is delivered to Nigeria, you can go and pick it up for free in Lagos or pay additional $10 for Home (Door to door delivery).

Now, let’s talk about how to get your items from USA to Nigeria with Heroshe!

Heroshe: How to Buy and Ship from USA to Nigeria

  1. Sign up here: https://myheroshe.com/Auth/Signup

(Note: You can sign up with Google, it’s very fast and easy).

  1. Verify your account; you’ll receive an email from Heroshe to this effect
  2. After verifying your account, sign in to your dashboard or click here: https://myheroshe.com/auth/signin
  3. Update your personal data: Go to “Settings” >> “Profile”
  4. Then enter your house address: Go to “Settings” >> “Delivery Address”

(You have a USA address when you sign up successfully, all you have to do is copy the address and save it somewhere)

  1. Buy your items:

Go to any USA store you like, such as Amazon and sign up (or login), then on your profile settings, change the address to the one on your Heroshe dashboard.

Note: You need to use your REAL name on the USA store, only the address will change to the one given to you by Heroshe.

After you’ve bought your items and pay, the store will send those items to your USA address (Heroshe warehouse in USA) and you’ll follow up with the tracking ID and your dashboard.

  1. If you can’t pay for the items on the USA store, use Heroshe Buy for Me service

Note that, you’ll pay additional 20% of what you’re buying as explained above.

(NOTE: Contact the customer care rep before you use this service)

  1. Be patient for the USA store

After placing your order(s) successfully on the USA store (let’s say AMAZON.com), you will have to wait till they deliver the items to Heroshe warehouse.

You can track the items using the tracking ID giving to you. (In my own case, I didn’t track)

  1. Verify if the items reach Heroshe

Go to your Heroshe dashboard after 48hrs of placing the order on the USA store, click on “Shipment” to see the items you ordered for, are there. If they’re there, go to the next step;

  1. Pay for your shipping;

Heroshe will help you calculate the weight and cost, then you’ll pay for the shipping.

To pay, go to Heroshe Dashboard, then to “Wallet”, click on “Add money” to pay with your ATM card (powered by Paystack), or with PayPal.

After you pay for the shipping, Heroshe will send an invoice to you immediately which you’ll see in the email address registered with Heroshe.

  1. Start counting days;

Wait for your items to be shipped to Nigeria and pick it up at Heroshe Lagos warehouse for FREE or, if you’re not in Lagos, don’t forget to pay for additional $10 (Home delivery) while paying for the shipping (at Number 8).

  1. If you pay for home delivery, someone (which can be DHL or FedEx agent) will call you when you item get to your area (town or city). Go and pick it up
  2. Happy shopping!!!

So, that’s simply the steps to Buy and Ship form USA to Nigeria using Heroshe.

Other things You Need to Know About Heroshe

Heroshe is against fraud.

So, if you’re thinking of scamming someone maybe by luring someone to use his/her credit card to buy items in a USA store for you, and Heroshe will ship to you here in Nigeria, then you’ve got the wrong idea as you’ll be arrested.

So, that’s all about Heroshe and its Review

Will you try Heroshe on your next shopping? If yes, then you’ve made a wise decision.

And if No, can you tell me if there’s any other company better than Heroshe. Use the comment box to share the company with us and we’ll check it out.

If you have used Heroshe, kindly share your experience with us using the comment box. And don’t worry, you can share your negative experience too, it might help someone.

If you need more information, kindly check out Heroshe.com, check the about page, contact page, FAQs and if you still need help, use the live chat to contact them.

REMEMBER: This post is not sponsored by Heroshe or used to promote Heroshe, but this blog post is as a result of the service I enjoyed from Heroshe.

Do you know that one of your friends or family members and even someone you don’t know may want to buy and ship items from USA to Nigeria but stuck on how to start or which company to use?

Kindly share this blog post with such people by clicking on the below or floating social media icons. You can as well copy the link and share with them directly.

Don’t forget to subscribe and visit again.

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Business

Top 5 Business Movies Every Entrepreneur Should Watch for Inspiration

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Business Movies for Entrepreneurs

Will these business movies really inspire or motivate me? Let me ask you: Are you inspired by how successful entrepreneurs and founders like Mark Zuckerberg, Steven Jobs and others are able to build a strong multi-billion dollar business?

If yes, that means you’re really going to be inspired watching these 5 recommended business movies aligned below.

But why business movies and not books like “Rich Dad Poor Dad”?

Most times, you need to watch some business movies as an entrepreneur in order to virtualize (or see) the concept and how a business strategy is pulled in the move and gain inspiration.

Movies have been around for decades and have continued to grow and get better in terms of quality. While they were originally set out to entertain, movies now educate, inform, tell a story, or even foretell scientific advancements.

I don’t know about you, but I’ve learned a lot from movies and that has shaped my life to be what it is today. This is why I decided to share some business movies to kindle that entrepreneurial spirit in you. You would love them!

1. The Wolf of Wall Street

Starring Leonardo DiCaprio as Jordan Belfort, The Wolf of Wall Street is a story of a young man struggling with his finances, but then a timely swing of events, plus determination, propelled him to one of the top guns in Wall Street. 

Jordan begins to work as a broker in L.F. Rothschild. In no distant time, he assumes the lifestyle of a conventional broker. It was all fun till he lost his employment following a Black Monday event which caused a significant drop in the prices of stocks. Not giving up, he takes up a job in a firm that invests in small stocks. He’ll soon make a fortune due to his persuasive pitching style before moving to start his brokerage firm.

Jordan Belfort starts his new firm alongside his friend Donnie Azoff. He then employs some of his friends and trains them in his persuasive style of pitching otherwise known as “hard sell”. Jordan, alongside his workers, begin using deceptive measures to make money off unsuspecting clients.

He transcends into a flamboyant lifestyle where he also engages in drugs and prostitutes. He is soon made out and the intelligence agencies are on his neck. Jordan tries to conceal his illegal dealings by opening a Swiss account in the name of his wife’s aunt. During this period, the authorities get hold of some of his friends who wouldn’t speak at first. 

It’s been over two years and his business is down while trying to save his name. But he’s soon caught after a connection to his friend who was already arrested sold him out.

This business movie (The Wolf of Wall Street) teaches entrepreneurs about the dynamics of moving from small to making it big. It pinpoints the risks you’ll have to take and the accompanying consequences (good or bad).

2. The Social Network

The social network is the biographical story of Facebook’s founder and CEO, Mark Zuckerberg. Neither Mark nor any of Facebook’s staff is present as cast as all characters are fictional.

The Facebook founder is played by Jesse Eisenberg who is a young Harvard University student with a love for computers. To soothe the pain of being dumped by his girlfriend, Jesse takes to his LiveJournal Blog to create a post insulting his girlfriend. 

He then goes on to create a website called Facemash. The website was created by hacking into the school’s database to steal photos of female students. Jesse aimed to allow students to rate the attractiveness of these females. But his exploits will result in the crash of the school’s network due to a huge influx of traffic. Jesse is given 6 months probation.

But Facemash’s popularity attracts the attention of the Winklevoss twins who then approach Jesse to help build a site to be named “Havard Connection.” The site would be a social network connecting Havard students who are interested in relationships and dating.

But Jesse had other plans. He came up with his idea of a similar social media website but in his case, it was meant for Ivy League students. To bring this to life, he approached his friend Eduardo Saverin who then provides $1000 in seed funding for the website called “The Facebook”

The website soon became popular and grew exponentially. But this infuriated the Winklevoss twins who believed that ‘Thefacebook’ came from their idea. Several court visits ensued as both the Winklevoss twins and Saverin laid various accusations on the Facebook founder.

After wide acceptance from students in just a few months, the site was made accessible to other top European Universities. Soon, it was made available for everyone worldwide. And the rest, they say, is history!

3. Jobs

The movie Jobs was shot in 2013 and tells the story of a Reed University dropout, Steve Jobs who went on to become the founder of the biggest technology firm in the world today — Apple.

The movie begins with Jobs introducing the iPod at an Apple Town Hall event. Before that, a flashback of events shows how young Jobs which was played by Ashton Kutcher, drops out of college due to high tuition. He then goes on an intellectual adventure to India before returning to LA where he began working as a video game developer.

ALSO READ: How to start a successful real estate business

Jobs soon teams up with his friend Steve Wozniak to keep making video games. They went from making video games to now fixing and producing computer hardware components. Jobs then discovers a prototype computer built by Wozniak and is interested in making money from it.

They both founded their company which went by the name Apple Computer. The company keeps growing even though other competitors like Macintosh gave Apple a run for their money. New board members are soon elected including a CEO, John Sculley. Jobs is intoxicated by the fame and power and soon begins to fire his workers with reckless abandon. 

The board grows tired of Jobs’ notorious attitude and is soon freed of his duties by the CEO.

But Jobs will return to become the next CEO after getting married. He then ensures that computers should be easy to use and build a brand around them. The brand will go on to be one of the biggest and the best technology firms in the years that followed.

This business movie (Jobs) set out to teach entrepreneurs the importance of creating value and the ins and outs of customer relations. The dynamics of being at the helm of affairs and staff relations.

4. The Founder

The Founder is another biographical American drama that tells the founding story of McDonald’s and how it became so popular that it now feeds approximately 1% of the world’s population daily. In this nearly 2 hours biographical drama, Ray Kroc, founder of McDonald’s is portrayed by Michael Keaton.

Set in 1954, Ray is a traveling milkshake seller who has just the right amount of money to cater for his wife and pay off his bills and nothing more. Not satisfied by his current state of finances, Ray begins to look for ways to expand his business beyond his hometown, Arlington Heights, Illinois. 

His quest takes him to California where he gets to experience one of the better walk-in restaurants. This was the ‘original’ McDonald’s which was owned by the Mac brothers — Maurice Mac and Richard ‘Dick’ McDonald. After being treated to a kitchen tour by the brothers, Ray smells a huge business potential (pun intended) and advises both brothers to franchise the business. 

The brothers are hesitant; citing previous failed attempts at franchising. But Ray is not taking any of that. He insists. He finally convinces the brothers to lead their franchising efforts.

And after an unfruitful attempt at franchising to high-class investors, Ray decides to franchise to middle-class investors. In what seemed like a temporary growth of the business, Ray and the brothers began to struggle financially.

Ray and the brothers were soon put out of their misery as a financial consultant, Harry Sonneborn helps in providing real estate support to the franchises. Ray is keen on taking over the business and offers both brothers a blank check.

They agree on a price of $2.7 million one-time payment with an annual 1% royalty. But Ray pays them off without the royalty and takes full responsibility for the business.

The Founder teaches the act of persistence and how to get it right. It also highlights the importance of pivoting when things aren’t working out well in a business.

5. The Pursuit of Happyness

Notice the ‘y’ in place of ‘i’ in the heading? That was done intentionally by the movie authors. The Pursuit of Happyness is a story of a young San Francisco salesman, Chris Gardner, played by Will Smith.

Gardner is worried about his financial condition and develops a medical device that he believed to be a better alternative to the X-ray. Gardner stumbles on the manager for Dean Witter Reynolds, Jay Twistle while trying to sell his scanners. He impresses the manager by solving a Rubik quiz while in a taxi. Gardner’s efforts in selling his scanners prove futile.

His wife is running out of patience and leaves to work at her sister’s boyfriend’s restaurant in New York. Gardner’s problems are compounded after he and his son were evicted from their home.

He struggles to get his son (Jaden Smith) through school while trying to get his finances back on track. His relationship with Jay Twistle will then qualify him for an unpaid intern position. Against all odds, Gardner impresses in the interview and earns one of the 20 available positions of an unpaid intern.

Not still satisfied with his living conditions and in pursuit of happiness, Gardner decides to go against all odds; doing the extraordinary. Gardner defies protocol, going against the grain which then earns him a seat as one of the paid stock brokers. He will then go on to establish his own multimillion-dollar brokerage company.

Conclusion: You Need to Watch these Business Movies!

Being an entrepreneur involves taking lots of decisions on your own which directly or indirectly affects the growth of your business. While we try to learn certain entrepreneurial skills in a more formal way, movies are a good way of enlightening ourselves while getting entertained.

These 5 Business movies listed above will certainly open your eyes to one or two things, no matter how smart you’ve been running your business before now.

If these movies’ recommendations are pretty cool, someone you know might love to watch them too, kindly use the floating social media icon on this page to share to your social media timeline in less than a minute!

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