Stats: 3,189,852 members, 7,938,481 topics. Date: Tuesday, 03 September 2024 at 07:18 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4619162 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)
(1) (2) (3) ... (995) (996) (997) (998) (999) (1000) (1001) ... (2260) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by Nobody: 4:58pm On Dec 15, 2019 |
ahiboilandgas: Exactly has bad as things are Nigeria still has some advantages, but if we talk they will say why don't you come back lol 2 Likes |
Re: Treasury Bills In Nigeria by Wanity(m): 5:01pm On Dec 15, 2019 |
ahiboilandgas: I wanted to insult but I won't just to avoid ban. What point are you trying to make Is none of your business how he spend his income. He clearly make a statement about himself not you or the low income Nigerians as you I don't know what you people gain from pushing politics where is not relevant or mentioned |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:25pm On Dec 15, 2019 |
Wanity:wishing u well in your insulting adventure 14 Likes |
Re: Treasury Bills In Nigeria by Ikjosh04: 5:47pm On Dec 15, 2019 |
8 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 5:49pm On Dec 15, 2019 |
I will explain this in details, the statistics of 40k per day inflation rate to live a good life in Nigeria is real. Let us start with housing; I collected some information ahiboilandgas posted; Lagos rent - 1.5m Car - 2.5m Nepa - 480k Fuel - 240k Calls - 180k Dstv - 140k Food - 3 person 1.2m School fees - 1.5m (for a bit above average schools) Data - 120k September holiday - N3m Car for madam - N2.5m Hospital(Nhis) - (This could go up to N1m or more depending on bad roads, poor health facilities, dangote truck failing break) Cloths - 500k If you add up this value and divide by 365 days, you will ariive at N40k per day. ojesymsym: 5 Likes |
Re: Treasury Bills In Nigeria by healthserve(m): 5:50pm On Dec 15, 2019 |
TotoNaRubber: I agree@ technical know-how as persons with adept K ow ledge in optimizing systems arent e gaged to manage these systems |
Re: Treasury Bills In Nigeria by healthserve(m): 5:51pm On Dec 15, 2019 |
ojesymsym: He is way way right. Plus it's a Sunday, except we are all bots. Doesn't do any harm to have these kind of discusssions Most Information on tbills has already been discussed exhaustively thrown out the thread. Let's have some play time Sir |
Re: Treasury Bills In Nigeria by Thisnut(m): 5:57pm On Dec 15, 2019 |
TotoNaRubber:na every year you dey buy car for 5m? pointless argument. Cost of living has nothing to do with inflation. Go live for mahanthan, san francisco,( USA) Paris,( France) or seoul (south Korea) wey them get good economy, then you know that you argument will only hold ground in a beer parlor 8 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 5:58pm On Dec 15, 2019 |
IamR:it's exaggerated bro. How can you believe we need about 1.2m monthly to live a good life in Nigeria? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:58pm On Dec 15, 2019 |
TotoNaRubber:correct guy but i be financial analyst....the 2.5m car is it annually or purchase price ...if its for purchase ?u can put it as recurrent expenditure cos it an ewuipment to aid service so u do depression over 5 years ...meaning in 5 years time the car will be sold for 1.5m .and 1 m gone over 5 years bring the cost to 250 per year for 2 cars 500 k ....meaning your 5m million budget is now 500 k annually |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:00pm On Dec 15, 2019 |
So with proper cost analysis of cars i have brought down your daily cost by 13000-40000 =27000 |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:05pm On Dec 15, 2019 |
Then your 3m for vacation annually is subjective to indvidual taste ...since we talking about living normal in Nigeria,let say the average nigeria will book vacation within nigeria to yankari or obodu ranch or go to village during chrismas or weddings .....may be this will bring down vaction (local ) to 500k annually since a londoner can go to vacation in Scotland...i can aslo go from lagos to mabilla or watch annual durbar in kano |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:07pm On Dec 15, 2019 |
This futher cut cost by 7000 daily 1 Like |
Re: Treasury Bills In Nigeria by TotoNaRubber: 6:11pm On Dec 15, 2019 |
The car valued at N5 million per day is due to lack of effective insurance policy that compensates car owners as soon as problem arises, most Nigerian insurance companies will makes investigation tire before they pay out, i believe you are in the transport business and know how insurance payments systems work. You have to provide a car for yourself as soon as a problem arise and problems will arise, you will not wait for the insurance company for months before you get back to business. The 5m is a safe figure to take you from point A to point B from January to December, ofcourse no ne buys a car everyday but yu need to factor in that cost everyday due to bad roads, poor public transport system, bad mechanics etc. Yes you are right, over time the car depreciates as well, a 2.5m car that goes through Nigerian roads could sell for N500k after 2 years. ahiboilandgas: |
Re: Treasury Bills In Nigeria by ojesymsym: 6:13pm On Dec 15, 2019 |
Average rent for 3 bedroom in Lagos is not 1.5m. not everyone stays inside lekki. Do you buy a car very year? So you as a person will agree to pay phcn 40k a month when you are not running a factory? 180k for calls annually when they are not business calls which in that case it becomes an investment. I can contend food but I'd leave that for now. September holiday is an optional activity. If the whole country go on holiday in September, who go run the airport when u wan follow commot. Haba, make una de fear God. TotoNaRubber: 12 Likes |
Re: Treasury Bills In Nigeria by healthserve(m): 6:16pm On Dec 15, 2019 |
ojesymsym: Bullets The average good houses now is 1.5m o. Any house below this figure in the urban no dey too-okay area or has issues Many areas that don't use prepaid meter spend as much as 40,000 monthly. I've witnessed such bills in consistent basis in Lagos. But then to have a good life in Lagos, 15-40k daily isn't a bad projection |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:17pm On Dec 15, 2019 |
But i know several people that expend over 50k daily to live in Nigeria but they anit normal average nigeria ....my Lebanese Neigbour stays in 6m annual rent duplex ,he has 2 mopol gaurding 50 each each 2 drivers 50k each 3 cars 1 house girl/cook 30k ,a nanny 30k ,2 gate men on shift 50k ,....24 hours electricty 5 k daily etc he clears all mtn goods coming to nigeria . .....a bdc relocated permantly to a hotel suit in the island on a discount of 25k daily ....he has been there for 2 years now ....when i tried to advice him he told me its cheaper than renting,runing,maintaning a house plus donestic staff 1 Like |
Re: Treasury Bills In Nigeria by TotoNaRubber: 6:17pm On Dec 15, 2019 |
haha my broda things are happening o. Nigerians are big spenders when it comes to holiday especially the ones with families. flight for 3 persons for holiday don chop N1m, hotel never enter, activities never enter, shopping never enter. ojesymsym: |
Re: Treasury Bills In Nigeria by ojesymsym: 6:18pm On Dec 15, 2019 |
Grossly exaggerated. My fear about blanket statements like these is that someone who went to church today thanking God for his 100k job will suddenly come online and hear that he actually needs 40k a day to be a human being, that means his salary is supposed to be spent in 2 days and half. Then he slips into fraud mode and enters Yahoo Yahoo or even worse kidnapping so that he can meet up with the new 40k a day target. Or the wifey who was okay with ogas 200k salary now reads that 40k a day is the new Target and starts putting pressure on oga, oga may now start defrauding his company and before the company realise they are broke and need to sack workers. No one will be able to trace the source of all these to some innocuous statement made online. OgogoroFreak: 17 Likes 1 Share |
Re: Treasury Bills In Nigeria by healthserve(m): 6:19pm On Dec 15, 2019 |
ahiboilandgas: Now boss. This Lebanese lifestyle ought to be the average lifestyle o if to se things pure for people. Which brings the discuss back to ToToNaRubber analysis that 40k per day is a good figure to stay afloat in today's naija |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:20pm On Dec 15, 2019 |
TotoNaRubber:those that spend 3m annually for holiday na 0.005 percent of 200m humans .....u are among the lucky ones |
Re: Treasury Bills In Nigeria by healthserve(m): 6:21pm On Dec 15, 2019 |
OgogoroFreak: Boss seriously 1.2m monthly in today's naija is a fairly good projection giving today's trends o. 1.2m per month sef is small o |
Re: Treasury Bills In Nigeria by Nobody: 6:21pm On Dec 15, 2019 |
TotoNaRubber: Sir toto, this issues are the same everywhere, I pay 2600 euro per annum for insurance. When I woke up this morning to check my car , some random stranger smashed my rear fog lights on my precious Toyota and ripped off part of the bumper. My insurance does not cover that type of damage, also investigations can take up to a year My point is that Nigeria is cheaper to live in, it's just very disorganized. 7 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 6:22pm On Dec 15, 2019 |
I called it an optional activity. How many average persons do it annually? When you say 40k a day is needed, please do not drive more youths into crime with this high expectations TotoNaRubber: 4 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 6:22pm On Dec 15, 2019 |
This is the fact that most people don't know, if this your neighbor goes to Lebanon, he will not pay such amount for duplex, he will not have mopol guarding him, he will not have a driver, he will not have gate man. His cost goes down to less than N15k per day. ahiboilandgas: 1 Like |
Re: Treasury Bills In Nigeria by healthserve(m): 6:23pm On Dec 15, 2019 |
Nigsrdumb: Very disorganised |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:24pm On Dec 15, 2019 |
healthserve:Spending 1.2m monthly is different from earning 1.2m monthly 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 6:27pm On Dec 15, 2019 |
I swear suppose I non de Naija, I for think say na another country una de talk about. Check listing sites before you reply me, most 1.5m are for detached duplexes. Most people who can afford to rent a duplex are more likely to be able to afford to build their own house. Housing for 3 bedroom in kubwa, Ajah axis is way less than that 1.5m. Ibadan is far cheaper. Abi make all of us relocate to garki Abuja. healthserve: |
Re: Treasury Bills In Nigeria by healthserve(m): 6:27pm On Dec 15, 2019 |
OgogoroFreak: Lol boss. I understood this before I commented and still hold on to my opinion A lot of Nigerians don't know it but just on meals alone Nigerians are malnourished. I dey patronise buka well well to make gestimates about the eating lifestyles of our people |
Re: Treasury Bills In Nigeria by healthserve(m): 6:30pm On Dec 15, 2019 |
ojesymsym: Boss calm down na In Ibadan, yes, apartments can be gotten for even 300kper year but with which work in such vicinity? And other mede mede to go along Sir? Yes, apartments are fairly affordable in Kubwa but yet again locality issues. If we use Jabi take make this analysis, you go see say TotoNaRubber wasnt wrong To me the discuss is about the right amount to have to stay balanced and have an enjoyable life not that people don't exist below those earnings but just a fairly good lifestyle. And I'd say 1.2m isn't bad projection on monthly expenses in decent urban areas BTW not everywhere with affordable housing is good to raise children. God knows I can't raise kids in environment where the environs would influence them negatively. Lai lai And almost all decent three beds for island now starts from 1.2/1.5m Check Jiji to confirm Three bedroom dey ikorodu ibadan 250-300k but I won't stay in these places for free. Me for one |
Re: Treasury Bills In Nigeria by ojesymsym: 6:33pm On Dec 15, 2019 |
Good you are catching the drift. We all do not need 40k a day to live a decent life. A 40k a day expense may be a good to have but it is not a good lifestyle yardstick. healthserve: |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:36pm On Dec 15, 2019 |
TotoNaRubber:and you think his cook, nanny and gate men would take 30k Naira as salaries over there? |
(1) (2) (3) ... (995) (996) (997) (998) (999) (1000) (1001) ... (2260) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 90 |