T-Bills Yields Close Mixed Tuesday on Absence of OMO Sale
https://businesspost.ng/economy/t-bills-yields-close-mixed-tuesday-on-absence-of-omo-sale/

Most people over pay oñ their first property

alezzy13:


Is it being prorated as well?

No

Value is more of perception.

Anyone looking down on property acquisition and flipping isn't making smart investment decisions.

Smart investors know a thing about diversification of investment portfolios. You just can't stay with Tbills and the capital market in general, and that's it.

Markets swing...bull and bear.

I never get money to dey do big investments like dem Ogas here but I believe God will do it and I'm working hard at that. In the meantime, the knowledge here has been helpful.

ibechris:



What are u guys saying, that 16million can't build such a house?...u guys aren't getting it. Is just a matter of taste and fashion. It's doable and achievable.
Note, some of these buildings u see here and there with over rated value are all caused by contractors,who usually deceive people with heavy laden cost analysis. We just finished one in Abuja this month in fact, the land was relatively cheap because is an estate Land and to completion the owner has spent just 14.8 million so far with land 6million. Total 20.8.

Let us not discourage people because u are doing Tbill doest not mean people in the built sectors aren't making it. Is a matter of Economic preference.

Viqtour:

They debited the entire money but I still haven't received the upfront

I see. Thanks

emmanuelewumi:
Most people over pay oñ their first property

oga,I want to buy 1millon units of onando share @3.5 I need advice.....?

Jejebabaa:

No

Thanks. That's good news

Investors targeting such bussiness should use the following strategy....1 avoid area like lekki and ajah cos companies are building mass estate ..this gove buyers too much choices ...including all those new areas in Abuja with mass housing.....target place like gbagada, surulere , yaba ogudu ....look for 1 old house,buy demolish , build one shine /shine deplux of 18m , total ( 38m) then knack asking price 65m , at 55m sale price u have gotten 17m thats 50 percent ...do it for 10 years and retire like a boss .....Nigerians in diaspora remitted 30 bn dollars yearly.....this sum are not feeding money .....nah it might for this

ahiboilandgas:
oga,I want to buy 1millon units of onando share @3.5 I need advice.....?

I



No problem if you want to speculate, but remember than oando is swimming in debt running into hundreds of billions of naira.

emmanuelewumi:
I



No problem if you want to speculate, but remember than oando is swimming in debt running into hundreds of billions of naira.

I went to their office and the OVH guys are restructuring,200 working out already,many asset on sale like the meanless big head office

ahiboilandgas:
I went to their office and the OVH guys are restructuring,200 working out already,many asset on sale like the meanless big head office

They have also sold their private jets

dipoolowoo:
T-Bills Yields Close Mixed Tuesday on Absence of OMO Sale
https://businesspost.ng/economy/t-bills-yields-close-mixed-tuesday-on-absence-of-omo-sale/

And access is quoting 7% for me for a 3 month tenor today

Controlv:


Insurance is the way to go anytime, it gives you peace of mind on your insured properties.

I thought I was saving money till I learnt the hard way last year, full story can be read here:

https://www.nairaland.com/4339448/true-story-insurance/1#77323589


All my cars now have comprehensive insurance with excess buy back, premium is less than 5 percent per annum which means it will take more than 20 years before the premium paid equals the car value.

Insurance is actually very cheap in Nigeria. Last year, I got over 700k claim from the mandatory 5k motor vehicle third party insurance.

I agree with you Sir.


From henceforth, I must insure everything I set out to establish. As we speak, I'm in direct contact with a woman who does her trade in the oil industry. Within the past two years, she lost all her gains everything she's labored for in life.... We're working on her rebuilding process by selling off cars, properties to launch her recovery/rebound at the moment.


If she had insured her businesses, she wouldn't suffer as much as she had. Insurance is definitely good and proper financial apropriaety.