emmanuelewumi:
L


I am humbled, thank you for the kind words. We are currently in the period of wealth transfer, those who know are very few.

My brother serious wealth transfer loading

emmanuelewumi:
L


I am humbled, thank you for the kind words. We are currently in the period of wealth transfer, those who know are very few.

I'm much interested sir......can you take me along

DaBogu:
I thought it was Secondary market

Yes, they bought secondary market at 10% for 191 days.

But my initial request was for the primary market for 91 days.

Asleykene:


I'm much interested sir......can you take me along

You are already on the right track, keep on doing what you are doing. Leave below your means, create multiple streams on income, and invest in income generating assets.

emmanuelewumi:



You are already on the right track, keep on doing what you are doing. Leave below your means, create multiple streams on income, and invest in income generating assets.

Alright.... thanks for that

I'm not into tbills now....I'm a corp member n am saving towards that, but I must say this is the best forum have come across in NL..... please you all should continue the good work by sharing information that can help

Thanks

ahiboilandgas:
sir can u explain more..i know most of the stock are down like onando ,and forte oil and top teir banks .....infact I meet the chairman in London he liquidated some asset(house) to come invest in stocks ,he advice me to buy some stock as a young man now that market is down ...i made some cool cash in ashaka cement b4

Oando has corporate governance issues, excess debt, made the biggest loss after tax in corporate Nigeria about 3 years ago. Loss of over N200 billion.


Most of the the non performing loans in the banking sector are loans given to oil marketing companies or Nigerian own companies in the oil and gas industry.

A company got a $250 million loan from First Bank that is not performing.

Femi Otedola just sold his shares in Forte Oil for a whopping N65 billion about 4 weeks. And he will be investing it in the power generation sector.

I think he has seen the future and guessed the sector might not be profitable in the nearest future, most especially with the coming on stream of Dangote Refinery

No

Asleykene:


Alright.... thanks for that

I'm not into tbills now....I'm a corp member n am saving towards that, but I must say this is the best forum have come across in NL..... please you all should continue the good work by sharing information that can help

Thanks

Saving of money and investing it in treasury bills is the starting point, there is this confidence and peace of mind that comes with being highly liquid. You are in a position to harness opportunities as they come.

emmanuelewumi:
No


Saving of money and investing it in treasury bills is the starting point, there is this confidence and peace of mind that comes with being highly liquid. You are in a position to harness opportunities as they come.

Oga what will u say about bank shares like UBA, Access Bank GTB and zenith. Currently access bank has been busy acquiring most of the banks.

needful:


Oga what will u say about bank shares like UBA, Access Bank GTB and zenith. Currently access bank has been busy acquiring most of the banks.

FUGAZ,


First bank, UBA, GTB, access bank and Zenith Bank, control over 70% of the transactions and profitability in the Nigerian banking sector.

The following tier 2 banks Stanbic IBTC, Fcmb and Fidelity are worthy of consideration.

Nigerian banks have mastered the art and science of making money in Nigeria and some are now making money in Africa. They make money whether the country is in recession or not.

I will advise you tread gently with Access, until you get the audited half year financial report, I want to believe a lot of toxic debts were inherited from diamond bank.

emmanuelewumi:



Oando has corporate governance issues, excess debt, made the biggest loss after tax in corporate Nigeria about 3 years ago. Loss of over N200 billion.


Most of the the non performing loans in the banking sector are loans given to oil marketing companies or Nigerian own companies in the oil and gas industry.

A company got a $250 million loan from First Bank that is not performing.

Femi Otedola just sold his shares in Forte Oil for a whopping N65 billion about 4 weeks. And he will be investing it in the power generation sector.

I think he has seen the future and guessed the sector might not be profitable in the nearest future, most especially with the coming on stream of Dangote Refinery

Why is everyone thinking that Otedola selling his shares in forte oil automatically mean the future of oil sector in Nigeria is bleak? It might just be a wrong business move, no one can be certain. With the hype over Dangote refinery I can’t wait for when it will start so I can really see how it will affect the economy.

I want to ask you though with the low rates of tbills now, is it good to still invest in it or do stocks/bonds, which is most ideal for this period

emmanuelewumi:



FUGAZ,


First bank, UBA, GTB, access bank and Zenith Bank, control over 70% of the transactions and profitability in the Nigerian banking sector.

The following tier 2 banks Stanbic IBTC, Fcmb and Fidelity are worthy of consideration.

Nigerian banks have mastered the art and science of making money in Nigeria and some are now making money in Africa. They make money whether the country is in recession or not.

I will advise you tread gently with Access, until you get the audited half year financial report, I want to believe a lot of toxic debts were inherited from diamond bank.

Apt. U nailed it sir, even though I reserved those banks u mentioned, to see if it will be mentioned in your statement but u still mention them. It shows u are simply the master of this game. Thumbs up sir.

No

chigo4u:

Why is everyone thinking that Otedola selling his shares in forte oil automatically mean the future of oil sector in Nigeria is bleak? It might just be a wrong business move, no one can be certain. With the hype over Dangote refinery I can’t wait for when it will start so I can really see how it will affect the economy.

I want to ask you though with the low rates of tbills now, is it good to still invest in it or do stocks/bonds, which is most ideal for this period

The profit margins are declining, the half year financial report of Total and Forte showed reduced profits.

Femi Otedola moved into a sector with a higher profit margin.

Exxon Mobil sold there share in Mobil Oil about a year ago to Indian investors, with improvement in technology for cleaner enegy, electric cars etc if care is not taken this will have adverse effects on us as a nation.

Are we prepared for this?

shogbenga:
How much would I be entitled to annually. Thanks

https://www.nairaland.com/4524641/bonds-investors-hub

^^^ That's bond thread. Follow it, you'll learn alot.

emmanuelewumi:
No




The profit margins are declining, the half year financial report of Total and Forte showed reduced profits.

Femi Otedola moved into a sector with a higher profit margin.

Exxon Mobil sold there share in Mobil Oil about a year ago to Indian investors, with improvement in technology for cleaner enegy, electric cars etc if care is not taken this will have adverse effects on us as a nation.

Are we prepared for this?

correct to sold it to nipco is now called 11 plc branding take place in 5 years ...most of their station have been sold out ......

ahiboilandgas:
correct to sold it to nipco is now called 11 plc branding take place in 5 years ...most of their station have been sold out ......

MRS used to be the down stream arm of Chevron before it was sold to the Dantata brothers.

Subsidy payments running into hundreds of billions of naira is a major problem to us as a nation.. Most businesses in the downstream are moving diversifying to the midstream and upstream which is capital intensive. Unlike downstream that is majorly a petroleum product
marketing business

chigo4u:

Why is everyone thinking that Otedola selling his shares in forte oil automatically mean the future of oil sector in Nigeria is bleak? It might just be a wrong business move, no one can be certain. With the hype over Dangote refinery I can’t wait for when it will start so I can really see how it will affect the economy.

I want to ask you though with the low rates of tbills now, is it good to still invest in it or do stocks/bonds, which is most ideal for this period

One doesn't have to wait to see.

We can project its impact on the oil sector based on what the coming onstream of his cement/sugar/flour factories did to the hitherto thriving businesses in those industries, especially when we know the government will do anything to ensure his profitability.

koonbey:


One doesn't have to wait to see.

We can project its impact on the oil sector based on what the coming onstream of his cement/sugar/flour factories did to the hitherto thriving businesses in those industries, especially when we know the government will do anything to ensure his profitability.

You can’t compare the oil sector in Nigeria to those sectors, there are lots of big players in the oil sector, people who even Dangote can’t muscle out.

chigo4u:

Why is everyone thinking that Otedola selling his shares in forte oil automatically mean the future of oil sector in Nigeria is bleak? It might just be a wrong business move, no one can be certain. With the hype over Dangote refinery I can’t wait for when it will start so I can really see how it will affect the economy.

I want to ask you though with the low rates of tbills now, is it good to still invest in it or do stocks/bonds, which is most ideal for this period

Even if rates go below 5%, treasury bills still have the role it plays in the financial independence equation.
Treasury bills are basically short term investments

Long term capital should be invested in corporate bonds, government bonds, stocks, genuine real Estates and personal businesses (provided you have the patience and temperament to run your own profitable and sustainable business) Very few people have the ability to do so. Maybe about 1% of the population or less.

chigo4u:

You can’t compare the oil sector in Nigeria to those sectors, there are lots of big players in the oil sector, people who even Dangote can’t muscle out.

Guess you are referring to the down stream sector or petroleum products marketers.
Femi Otedola moved away from that sector to the energy sector which gives a higher profit margin and the players are currently few.

Do you know how much major petroleum products marketers are owing banks.

emmanuelewumi:
Long term capital should be invested in corporate bonds, government bonds, stocks, genuine real Estates and personal businesses (provided you have the patience and temperament to run your own profitable and sustainable business) Very few people have the ability to do so. Maybe about 1% of the population or less.

Well said sir. It's good to have you back. Reading your post and that of your other moniker impacted me alot financially.

emmanuelewumi:


MRS used to be the down stream arm of Chevron before it was sold to the Dantata brothers.

Subsidy payments running into hundreds of billions of naira is a major problem to us as a nation.. Most businesses in the downstream are moving diversifying to the midstream and upstream which is capital intensive. Unlike downstream that is majorly a petroleum product
marketing business

very correct ...sayyu dantata ....

ahiboilandgas:
very correct ...sayyu dantata ....

His father was Dangote uncle,. who gave Dangote a loan of 500k to start businesses in 1977.

emmanuelewumi:




His father was Dangote uncle,. who gave Dangote a loan of 500k to start businesses in 1977.

usman dantata

What is the current rate for treasury bills, expecting some dividends in August and 50% will be invested in treasury bills that will mature in second week of December 2019.

emmanuelewumi:



Even if rates go below 5%, treasury bills still have the role it plays in the financial independence equation.
Treasury bills are basically short term investments

Thanks, you already said the rates might end at 8% before December so no need waiting for increase in rates this year. I’ll have to bid in the next primary market lol.

emmanuelewumi:



FUGAZ,


First bank, UBA, GTB, access bank and Zenith Bank, control over 70% of the transactions and profitability in the Nigerian banking sector.

The following tier 2 banks Stanbic IBTC, Fcmb and Fidelity are worthy of consideration.

Nigerian banks have mastered the art and science of making money in Nigeria and some are now making money in Africa. They make money whether the country is in recession or not.

I will advise you tread gently with Access, until you get the audited half year financial report, I want to believe a lot of toxic debts were inherited from diamond bank.

needful:


Apt. U nailed it sir, even though I reserved those banks u mentioned, to see if it will be mentioned in your statement but u still mention them. It shows u are simply the master of this game. Thumbs up sir.

Pa Ewumi aka baba Landlord (as we dey call am for our other stock market forum those days) na Oga o. Was always happy to read his posts then. Iam not much into stocks now as iam presently rebuilding. I will advise you listen to what he says always. One of my secondary school classmates said that if he had known what he knew now about financial education, he would have long since retired to one island in the Caribbean and said that he has already started early with his kids.

ahiboilandgas:
usman dantata

Yes, used to be one of the richest people in Nigeria .

Read " The making and makers of private enterprises in Nigeria" by Tom Forrest. As at 1930 Dangote's maternal grandfather was among the richest businessmen in West Africa.

emmanuelewumi:


Guess you are referring to the down stream sector or petroleum products marketers.
Femi Otedola moved away from that sector to the energy sector which gives a higher profit margin and the players are currently few.

Do you know how much major petroleum products marketers are owing banks.

The only thing I think FG can do for Dangote is to completely remove subsidy but even as Buhari couldn’t remove subsidy despite increasing pump price, I don’t even know how that will end up.

needful:


Oga. 1m unit of zenith bank stock will be close to N19m, assuming u receive a dividend of 2..250m for 17yrs. U will be making close to 35m. Now, what is the assurance that ur zenith bank stock wont fall to 5naira in 17yrs time with the way they manipulate stock market. What is ur assurance that zenith bank wont be bought over by another bank in the next 17yrs to come, what is ur assurance that zenith bank stock will increase in order to give u capital appreciation. As far as am concerned, stock is never a good way of capital appreciation. Remember u will pay tax on ur dividend, pay brokers fees every yr also. Etc

I really wonder why he thinks the rate will remain that way for yrs to come. It could go higher and of course it could drop or even crash, stock market is not where you leave your money and sleep. You have to monitor it maybe on a daily or weekly basis so u know when to opt out or not to. You could lose a great percentage you invested likewise gain much. It's not an investment you make for a long number of years without monitoring unlike tbills or bonds

NL1960:




Pa Ewumi aka baba Landlord (as we dey call am for our other stock market forum those days) na Oga o. Was always happy to read his posts then. Iam not much into stocks now as iam presently rebuilding. I will advise you listen to what he says always. One of my secondary school classmates said that if he had known what he knew now about financial education, he would have long since retired to one island in the Caribbean and said that he has already started early with his kids.





0

What is your name on SMN?

[quote author=chigo4u post=80607995]
The only thing I think FG can do for Dangote is to completely remove subsidy but even as Buhari couldn’t remove subsidy despite increasing pump pprice, I don’t even know how that will end up. [/quote

Oil subsidy payments have to go