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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628459 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 aremso(m): 6:59pm On Jul 24, 2019 |
emmanuelewumi: My brother serious wealth transfer loading |
Re: Treasury Bills In Nigeria by Nobody: 7:22pm On Jul 24, 2019 |
emmanuelewumi: I'm much interested sir......can you take me along |
Re: Treasury Bills In Nigeria by Breadfruit: 7:34pm On Jul 24, 2019 |
DaBogu: Yes, they bought secondary market at 10% for 191 days. But my initial request was for the primary market for 91 days. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:36pm On Jul 24, 2019 |
Asleykene: 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. 3 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Nobody: 7:45pm On Jul 24, 2019 |
emmanuelewumi: 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 9 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:51pm On Jul 24, 2019 |
ahiboilandgas: 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 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:58pm On Jul 24, 2019 |
No Asleykene: 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. 8 Likes |
Re: Treasury Bills In Nigeria by needful: 8:20pm On Jul 24, 2019 |
emmanuelewumi: 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. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:36pm On Jul 24, 2019 |
needful: 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. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by chigo4u: 8:56pm On Jul 24, 2019 |
emmanuelewumi: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 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by needful: 8:57pm On Jul 24, 2019 |
emmanuelewumi: 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. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:13pm On Jul 24, 2019 |
No chigo4u: 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? 2 Likes |
Re: Treasury Bills In Nigeria by Icecream4U(m): 9:15pm On Jul 24, 2019 |
shogbenga:https://www.nairaland.com/4524641/bonds-investors-hub ^^^ That's bond thread. Follow it, you'll learn alot. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:54am On Jul 25, 2019 |
emmanuelewumi: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 ...... |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:37am On Jul 25, 2019 |
ahiboilandgas: 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 |
Re: Treasury Bills In Nigeria by Nobody: 6:09am On Jul 25, 2019 |
chigo4u: 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. 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 7:06am On Jul 25, 2019 |
koonbey: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. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:29am On Jul 25, 2019 |
chigo4u: 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 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:37am On Jul 25, 2019 |
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. 7 Likes 2 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:42am On Jul 25, 2019 |
chigo4u: 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. 2 Likes |
Re: Treasury Bills In Nigeria by brandable: 7:58am On Jul 25, 2019 |
emmanuelewumi:Well said sir. It's good to have you back. Reading your post and that of your other moniker impacted me alot financially. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:01am On Jul 25, 2019 |
emmanuelewumi:very correct ...sayyu dantata .... |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:30am On Jul 25, 2019 |
ahiboilandgas: His father was Dangote uncle,. who gave Dangote a loan of 500k to start businesses in 1977. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:31am On Jul 25, 2019 |
emmanuelewumi:usman dantata |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:53am On Jul 25, 2019 |
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. 2 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 8:57am On Jul 25, 2019 |
emmanuelewumi: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. |
Re: Treasury Bills In Nigeria by NL1960: 8:57am On Jul 25, 2019 |
emmanuelewumi: needful: 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. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:58am On Jul 25, 2019 |
ahiboilandgas: 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. 2 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 9:01am On Jul 25, 2019 |
emmanuelewumi: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. |
Re: Treasury Bills In Nigeria by reservd(m): 9:02am On Jul 25, 2019 |
needful: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 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:06am On Jul 25, 2019 |
NL1960: What is your name on SMN? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:10am On Jul 25, 2019 |
[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 |
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