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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615555 Views)
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 maishai: 5:29pm On Mar 28, 2021 |
Tobex4realTobex234: Please kindly shed more light Maybe open a thread on Fintechs I once listened to GT Agbaje keep ranting on how Fintechs are giving them tough competition But they have not sold the idea to old monies |
Re: Treasury Bills In Nigeria by Grupo(m): 5:55pm On Mar 28, 2021 |
Tobex4realTobex234: If they are retailing funds, how come their interest rates are higher than that of the funds they retail? Shouldn't it be smaller? 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 6:22pm On Mar 28, 2021 |
I use i-invest but compared to these ones that claim to invest on your behalf with guaranteed rate, i-invest is just a platform to access various instruments including but not limited to TB. 2 Likes |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 6:44pm On Mar 28, 2021 |
Grupo: This is Cowrywise. 3% per annum. How is this higher than market rates? 3 Likes 1 Share
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Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 6:50pm On Mar 28, 2021 |
Carbon offers 10% because they do loans. They have been in the loan business for about a decade. They also accept a maximum of 1m i think. Their loan is at 5% per month, so it's obvious how they make money. N:B: This is not an investment advice please 5 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 7:01pm On Mar 28, 2021 |
With loans company, 10% is achievable. Does Carbon operate a physical microfinance bank also? Tobex4realTobex234: 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:12pm On Mar 28, 2021 |
ojesymsym: Do you have information about the performance of the loan? What is the percentage of non performing loan? What is the total loan granted? What is the total deposit? 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 7:17pm On Mar 28, 2021 |
I have no real data, but I know as a rule of thumb that loan sharks and money lenders generally make money because they are able to employ unautodox ways of collecting their money, some of which commercial banks cannot employ. emmanuelewumi: 2 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 7:17pm On Mar 28, 2021 |
I have no real data, but I know as a rule of thumb that loan sharks and money lenders generally make money because they are able to employ unautodox ways of collecting their money, some of which commercial banks cannot employ. emmanuelewumi: |
Re: Treasury Bills In Nigeria by einsteine(m): 7:22pm On Mar 28, 2021 |
Luddites are masquerading as risk averse investors. Most fintechs have licenses from the CBN. 4 Likes |
Re: Treasury Bills In Nigeria by lavylilly: 7:24pm On Mar 28, 2021 |
Tobex4realTobex234:Carbon was never been in business for a decade ago they started over 2yrs |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:29pm On Mar 28, 2021 |
ojesymsym: Calling people on your contact that one is owing is quite wrong. I expect someone to test this in the court, it is breach of privacy. The person will cash out, the money will definitely be bigger than the amount owed. I am okay with the average 25% per annum which I get from my banks, instead of 50% to 60% per annum from loan sharks |
Re: Treasury Bills In Nigeria by ojesymsym: 7:58pm On Mar 28, 2021 |
That's why they are likely to have a higher collection Raye than the commercial banks. In terms of taking them to court, I want to believe that somewhere in the fine prints that the loan collectors must have agreed to a lot of these things and lot more. Many Nigerians see loans as their own share of the national cake with no intention to pay but microfinance banks know how to deal with such people. Some defaulters from microfinance banks commit suicide, those from commercial bank keeps flexing life. emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by ade101(m): 8:10pm On Mar 28, 2021 |
I can see guys are exploring alternatives now that tb rates are not attractive. I can't thank God enough for making me take the courage to diversify into real estate. I keep asking people the average rental returns from building house, trying to compare with my stable and guaranteed investments (I do tb and Stanbic Money Market) but I could not get an actual value. Many variables involved yet I didn't give up, started meeting people, engineers, real estate agents, and eventually, I realized there's nothing to be scared of... I emptied my money market, buy land for ajah, get seriously involved to minimise cost. Bought land at lakowe, Ajah for 3m half plot Built 8 units of room and parlour self contain (4 on the ground floor and 4 at the top) Total spent about 13m In total spent about 17-19m Started renting out and within 5 months, all units has been occupied @ 350k annual fee (agreement and commission took the first payment to 450k) Total return from rental first year: 3.6m (450 X ![]() Expected annual returns onward : 2.8m In percentage : First year : 20 percent return on investment Expected annual return onward: 15.5 percent There was a time I got this value from tb (2016 - 2018), money market has always been around 13 percent at peak for me. I'm just glad I now have a stable return of over 15 percent without worrying about rates dropping... To blow your mind : I have just been introduced to developer style of real estate... I have already signed a property self.. Cost of buying land and building from ground up (foundation construction) is off... Based on the site engineers quotation, with 6m, we should finish the renovation work and paint the building. Family one off payment was 1.5m so in all, about 8m should finish everything. They are leasing the building to me for 12 years and annual returns expected is about 3.2m.. That's over 35 percent return annually. I don't think I will ever go back from real estate... That's my personal experience, so if anyone is looking for alternative, do your findings on real estate. And be careful, don't cut cost, always go through a reputable lawyer, they are not that expensive, street is hard even the lawyers fees are now negotiable lol... All the best. 17 Likes 5 Shares |
Re: Treasury Bills In Nigeria by ojesymsym: 8:15pm On Mar 28, 2021 |
Occupancy rate for this type of apartment is around 200%. As one de commot another one de enter. Nice one ade101: |
Re: Treasury Bills In Nigeria by Nobody: 8:24pm On Mar 28, 2021 |
Tobex4realTobex234:Oga you are beginning to go off point.You have not said what this your fintech in Nigeria are doing to make money for those who are into receiving money from people for acclaimed investment from all I am reading.You are talking of banks that are well regulated and we know what they are doing to make money.And if is about apps most of them are already into it.You are here shouting of fund managers when they close shop you don't know who or how to hold anybody responsible.The banks if they tend towards distress the cbn will come in and you are talking about business that all they need is just to go off line and close one or two shops by then the founder will already be in bahamas flexing as a threat Oga abeg bring another topic 3 Likes |
Re: Treasury Bills In Nigeria by ade101(m): 8:28pm On Mar 28, 2021 |
ojesymsym: Yes. It should have been sold out within the first week after completion. But I was following my brother's advise to insist on 2 years first payment. Na so everyone dey turn back once they come for inspection and heard the landlord is requesting 2 years first payment. After 3 months nobody pay , bros still dey advice me them go take am no worry, I just call my caretaker to start taking one year jare, I needed money... Sharply, tenant full house... 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 8:32pm On Mar 28, 2021 |
Your brother wanted you to break Lagos state government law? I think people who rent such apartments know the competition and tend not to default. But I think your building cost is kind of low. How did you achieve that? ade101: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:40pm On Mar 28, 2021 |
ojesymsym:very very low cannot achieve same with that price out Lagos ....each room and palour will cost around 2.5m x8 =20m out side land... |
Re: Treasury Bills In Nigeria by jedisco(m): 8:42pm On Mar 28, 2021 |
seyisanya: While I understand the need for caution while investing, it's interesting you equate crypt0 to ponzi... That you don't understand something does not mean those who do are wrong. A good number of Nigerians don't understand Facebook or Twitter, it doesn't stop those platforms from having revenues that a lot of states combined don't have. Moreso, those platforms affect the day to day running of our nation (e.g SARS protests) Coming unto investment, there's the inherent risk of volatility in trading crypt0 (just like any other market) moreso when folks move away from Bitc0in. But what are the alternatives for a young savvy investor? I'm sure if it was TB's or the NSE young Nigerians were trooping to, you wouldn't call it ponzi... Taking a look at the NSE, most of the older folks there have no idea they have been loosing money in real terms over the years. I've pointed out here that someone who just kept money in dollars 10years ago would have outperformed over 95% of NSE traders over the last decade. We keep hearing FUGAZ as the posterboys of the NSE... Take a look at the FBNH monthly price chart for over 10 years (though likely bottomed) and tell me how an average person made money on it just in naira terms (let's leave devaluation first)? A 30 year old who bought $100 worth of FBNH in 2010-'11 at an average of 11 naira per share will have stocks worth less than $17 today (dividends aside- which are even more pitiable). Imagine the case of those who bought at 15 naira. Is that what you want a young Nigerian to invest his sweat in? A market where you're almost guaranteed to lose money? I've personally gone through individual stocks on the NSE 30 for the last decade and beside a few, almost all are in a pitiable state. Compare that to stock prices of household US companies and you see the difference. That young Nigerians are leaving their local market to invest in the U.S stock market should tell you something. Money is like water, if old folks had made money in a market, new players will troop in. Bitc0in on the other hand has been about the best performing asset of the last decade. If I was going to risk investing, I know where to belong. If you want you young folks to troop into local investment options such as the NSE, then the narrative should be fixed. 5 Likes
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Re: Treasury Bills In Nigeria by Akin3891: 8:43pm On Mar 28, 2021 |
freeman67: Lol, I tell you o, that one nah suicide, if you carry blocks to gather funds only to be swept away by scammers. Our financial muscles diverse , eventhough I'm to invest the smallest fraction of my money , I will still ask questions and be super sure what I'm about to get myself involved. I hate that remorse feelings that comes after being played. Nevertheless, when you are too afraid, you can't make headways. I would have made fortunes if I followed my wife advise as regards to B.itcoins, eventhough I saw the pictures I was too afraid to invest, but in all I'm content with what I have and that's all that matters. Being inquisitive should be encouraged here so as to help the novice. 1 Like |
Re: Treasury Bills In Nigeria by jedisco(m): 8:44pm On Mar 28, 2021 |
SteveOfu: After being chased off the crypt0 thread, you've turned up here with your pie tra*h..... And just for the record, anything aside bitc0in is high risk 1 Like |
Re: Treasury Bills In Nigeria by DaBogu: 8:46pm On Mar 28, 2021 |
ojesymsym:On the Island, I don't think they have the same tenancy law with the Mainland. |
Re: Treasury Bills In Nigeria by ojesymsym: 8:46pm On Mar 28, 2021 |
Did you run this same 30 years analysis for NYSE? What was the return like? jedisco: 1 Like |
Re: Treasury Bills In Nigeria by jedisco(m): 8:48pm On Mar 28, 2021 |
ojesymsym: NSE 30 means group of 30 tstocks on the NSE which are usually the top 30. You also have NSE 50 Most stock exchanges have such groups. It gives an idea of just what the big boys are doing. |
Re: Treasury Bills In Nigeria by jedisco(m): 8:50pm On Mar 28, 2021 |
Akin3891: It's easy to look from outside and see all the money you would have made... Trading aint that easy... Most folks lose not because of the market, but because they're overtaken by human greed and little trading experience |
Re: Treasury Bills In Nigeria by SteveOfu: 8:55pm On Mar 28, 2021 |
jedisco:You and your minions chased me, abi? Oga Google pie and when you want to register use y link |
Re: Treasury Bills In Nigeria by SteveOfu: 8:55pm On Mar 28, 2021 |
Yungmil:Yes |
Re: Treasury Bills In Nigeria by jedisco(m): 8:56pm On Mar 28, 2021 |
SteveOfu: Toh... No vex... Forgive me... But tge pie stuff was getting annoying... |
Re: Treasury Bills In Nigeria by SteveOfu: 8:57pm On Mar 28, 2021 |
jedisco:Vex ke! life is too short to be worked up, your phone, your hands. |
Re: Treasury Bills In Nigeria by ojesymsym: 8:58pm On Mar 28, 2021 |
Okay, was asking what their growth rate was also like? How many also went bankrupt along the way etc. jedisco: |
Re: Treasury Bills In Nigeria by jedisco(m): 9:00pm On Mar 28, 2021 |
ojesymsym: I looked at the historical share price of currently listed NSE companies... You can check them out on investing(dot)com |
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