Re: Treasury Bills In Nigeria by odimbannamdi(m): 11:09pm On May 03, 2020 |
zamirikpo:
So even if their is ionized and spring water then naija has made it. Haba oga!!
Mind u I've lived all my life here and would love nothing more than to see naija do well, but if u fail to plan u are planning to fail.
Naija has failed to plan at least for my generation.....if u are 30yrs and above naija has failed us, cos it takes time and careful execution to make changes. Nobody planned years back and even if they start today it will take years for any meaningful progress by that time I and my generations are on walking sticks, I no groove anything.
But u know the truth, even those born today may even grow up into a failed state. How much are we owing the world? And they keep giving us more loans.....why......the future would tell. Deep words! Very deeeep words 1 Like |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 11:18pm On May 03, 2020 |
needful: Now I wanna comment on the issue of moving to Canada, get your credentials evaluated, write ur IELTs, get your pof intact and enter pool very fast. Points are dropping very fast and Candada will sure need more people considering covid 19.
I really do not understand the reason why we discourage people not to migrate to a place most of us have not been to. I had also heard about people lamenting on starting from the scratch and bla bla bla. Pls its not everyone that migrated to canada started from the scratch. Destiny and lucks with preparation differs. I personally started from the scratch because I moved to Canada as an Accountant but later decided to move into healthcare because of my kids. Oga moved as a welding Inspector but never started from the scratch because his job is in demand alot.
On the aspect of the kids, there are good schools here, ranging from Catholic to moslem schools where homosexuality wont be taught and even where its taught, the school usually give parents yearly school course work so as to enable u monitor what ur child learn in school. For those advising you to stay back if u are earning 500k, I really don't know what to tell them but why not ask them to come back and earn 500k in Nigeria.
Many Nigerians who stick to minimum wage jobs are the most lazy ones, they want to push drugs and make 200million dollars over night. They practically doesnt wanna do anything meaningful with their life. Go to school, no way, do certification course, no way, collect loan and do biz, too difficult for them. Pls do not sit down and listen to Nigerians abroad. Get the immigrant visa if u can, leave ur family and come alone for 3months and if it doesnt meet your expectations, then go home.
I repeat, stop listening to most of our Nigerians abroad and do not allow age to deter ur plans whether 40yrs old or 50yrs old, opportunities are here for everyone but most of us are too lazy to grab it. Do not come after me because i do not have time to argue Nice. I mailed you. All other things being equal, is it possible to get in the pool before September? |
Re: Treasury Bills In Nigeria by needful: 11:47pm On May 03, 2020 |
odimbannamdi:
Nice.
I mailed you. All other things being equal, is it possible to get in the pool before September? If u have done your wes evaluation, language test etc. U can enter pool tonight. 1 Like |
Re: Treasury Bills In Nigeria by Nyxx123: 5:10am On May 04, 2020 |
ojeysky:
Bros if you have USD I think you should sell it, I do think that USD still start dropping from next week with CBN resuming provision of Forex to BCDs. Caveat: Am not an economist so you may actually not find this useful Thanks alot... Decided to sell some and leave the rest to wait it out |
Re: Treasury Bills In Nigeria by Aquilapriscilla: 6:40am On May 04, 2020 |
1 Like |
Re: Treasury Bills In Nigeria by afroxyz: 9:41am On May 04, 2020 |
ahiboilandgas: Like wise the teachers a nigeria with an msc in physics is paid 90 k while an art teacher 22 years Lebanese secondary school holder is paid 200k ....the only Nigeria lady earnng 150k is because of her american accent ....this strategy has worked they now have around 200 kids ..140 ( light skined) 60 black ...opp them their is a school run by a Nigeria with track record of performance but Nigeria parents are pulling out student and moving to the labanese school ...that don't do W.a.e.c now Nigeria parents are begging principal to register school for w.a.e.c It's really disheartening to read things like this. This is the reason Black communities don't grow. Before money leaves the Jewish community, it circulates 6 times. But here, the money only circulates one. Just imagine the amount we spend in importing things or patronising businesses that are not Nigerian. We have a long way to go. We have a duty to educate our kids to discern this type of things 4 Likes |
Re: Treasury Bills In Nigeria by afroxyz: 9:54am On May 04, 2020 |
emmanuelewumi: Adebola Adegunwa started as a photographer and became a major distributor of Kodak with offices all over Nigeria
When photo film was out of business he diversified into marine, insurance, real estate, investment in shares he is a major shareholder of Sterling Bank and CSCS.
He gave his children the best education in Europe and America.
It is these children that have now created new income streams for the family business
Bigi drinks. These are products that are giving the Lebanese owned 7up bottling company makers of Pepsi, teem, mirinda and 7up. And American owned Coca cola, Sprite, etc a big fight for market share in Lagos and South West Nigeria.
The snacks by his Rite foods, has equally gotten market share from UAC foods Gala and Chi foods sausage rolls
The Adegunwaa happen to be one of the family Businesses that are giving big multi national companies a big fight for market share in the country and never believed the Indians and Lebanese were given an undue advantage We need more of these stories to change the narrative. If you go to the departure hall of our international airport, you see many back face, but go to the arrivals you see white, yellow and orange face. Definitely there must be something they are seeing that we are not. Could it be that our entitlement mentality or work culture is what is setting us back? I'm opprtuned to work in a place where there is a motley of different nationalities. They way the Americans and Asians approach their work is very different from the way we do ours. The foreigners believe that they have a job to do so "let's get it done", but my naija brothers are only interested in collecting salary. So while the white is interested in completing his task within the shortest possible time in his shift, the Nigerian is interested in delaying the task so that his 12-hour shift would end. This I think has reflected in our business and social life 13 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:28am On May 04, 2020 |
1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:08am On May 04, 2020 |
ahiboilandgas: the truth is that oil and gas business (downstream) is going to change forever with the liberalization of pms price .margins is going to be a disaster and cannot sustain a filling station ..filling station will take the 1st hit , follow by trucking,then depots then vessels then foreign refinaries ....the same way dangote did to cement...so i hope oil and gas business is not the enterprise stoping you from migrating...the president of ipman (my oga) has been pulling back and buying properties.... Na wa ooo, I hope it doesn't happen like this. Oooh. I run two filling stations, one in asaba and another in Issele ukwu. Am even in talks with the owner of one of them to buy it outright. Before this whole wahala. Landing of PMS was #140, so we were selling with a margin of #5,. Since they changed price I've been buying fuel #123, just #2. So if u aren't doing volumes, u can't pay salary sef. But what I see is a battle upstream not down stream, cos it'll be a battle for who buys where at what price. And essentially who has access to $ at the official rate. For us downstream, we'll buy from the best bargain. Then dangote refinery is coming, I wouldn't mind doing a franchise if he allows it, I heard he orderedt 1000 trucks for delivery. If dangite refinery starts, depot owner will be in trouble cos am sure importing fuel will be more expensive than dangote fuel. Even buying dangote fuel and transporting to ur local depot in oghara or calabar will be counter-productive. People must buy fuel, we must sell fuel and we must find away to get the best bargain in the country. Competition would have been serious if dangote had filling stations. Remember price modulation discussion hasn't been settled. IPMAN could take industrial action if running their stations is no longer profitable. We don't ask for much just #5. And abeg we need to talk on a different platform, I sent my email some pages back don't know if u saw it 4 Likes |
Re: Treasury Bills In Nigeria by Adefajofashola(m): 11:52am On May 04, 2020 |
Please my people in the building, if i invest my 1M in treasury bill for 90 days at 10% interest, what will be my total balance at the end?
Thanks for your kind info |
Re: Treasury Bills In Nigeria by Lionhearted: 12:01pm On May 04, 2020 |
Adefajofashola: Please my people in the building, if i invest my 1M in treasury bill for 90 days at 10% interest, what will be my total balance at the end?
Thanks for your kind info 1M*10=10million. That is for 1 day. At the end of 90 days you will get 10million*90days=900Million. Unbelievable right? Take time to check pages 1-10 of the thread to confirm OTHERWISE. 7 Likes |
Re: Treasury Bills In Nigeria by conyema12(m): 12:13pm On May 04, 2020 |
Adefajofashola: Please my people in the building, if i invest my 1M in treasury bill for 90 days at 10% interest, what will be my total balance at the end?
Thanks for your kind info You should be left with about 24,000 naira While about 975, 000 will be debited. I didn't include the bank charges... That should be in the neighborhood of about 3k or less |
Re: Treasury Bills In Nigeria by conyema12(m): 12:18pm On May 04, 2020 |
4m just dropped now from previous treasury bill... I have not been this confused in a long time on where to invest it. Terrible times �� 6 Likes |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 12:22pm On May 04, 2020 |
MrMcJay:
Exactly. If we have like 90 Million Nigerians paying just 1k monthly for health insurance, that's 90 Billion every month on health and 1.08 Trillion on health per annum. Even our primary healthcare centres would receive a massive boost and they can be upgraded to community hospitals with fantastic machines.
As it is, Government can't afford to spend a tenth of that on health per year. Our Ogas at the top will embezzle the money... ![cheesy](https://www.nairaland.com/faces/cheesy.png) |
Re: Treasury Bills In Nigeria by Adefajofashola(m): 12:47pm On May 04, 2020 |
[color=#990000][/color] ![cool](https://www.nairaland.com/faces/cool.png) Why are you so heartless, 90 million on top of 1 million? Lionhearted:
1M*10=10million.
That is for 1 day.
At the end of 90 days you will get 10million*90days=900Million.
Unbelievable right? Take time to check pages 1-10 of the thread to confirm OTHERWISE. |
Re: Treasury Bills In Nigeria by IamR: 1:04pm On May 04, 2020 |
Adefajofashola: Please my people in the building, if i invest my 1M in treasury bill for 90 days at 10% interest, what will be my total balance at the end?
Thanks for your kind info You can't get 10% interest even on 364 days tenor. See the result of the last auction below: 91 days - 1.85% 182 days - 2.5% 364 days - 3.8% Use it to calculate your expected interest. Note that all the interests are calculated per annum. 1 Like |
Re: Treasury Bills In Nigeria by olujaidi: 1:04pm On May 04, 2020 |
FX rates crashing...it's now 425 to $1 |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:05pm On May 04, 2020 |
olujaidi: FX rates crashing...it's now 425 to $1 for where? |
Re: Treasury Bills In Nigeria by olujaidi: 1:11pm On May 04, 2020 |
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Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:12pm On May 04, 2020 |
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Re: Treasury Bills In Nigeria by kintus(m): 1:30pm On May 04, 2020 |
needful: Now I wanna comment on the issue of moving to Canada, get your credentials evaluated, write ur IELTs, get your pof intact and enter pool very fast. Points are dropping very fast and Candada will sure need more people considering covid 19.
I personally started from the scratch because I moved to Canada as an Accountant but later decided to move into healthcare because of my kids. Oga moved as a welding Inspector but never started from the scratch because his job is in demand alot. [/color]Insightful and thank you for sharing this vital information.
Please, I would like to know more about the process involved in starting a career in the health sector in Canada?[color=#006600] |
Re: Treasury Bills In Nigeria by Nnamz(m): 1:49pm On May 04, 2020 |
Theconglomerate: If you had this kind of authority for real,I feel you would have been better off than looking for investment ideas from people that might be looking for maggi money. Know your place and where your authority ends. The only thing i believe is in your power to do is ignore my posts whenever you see them. Thanks. Maggi money lmaooo. This one off me |
Re: Treasury Bills In Nigeria by Akpaamunsi: 1:56pm On May 04, 2020 |
Theconglomerate: You even asked the wrong question. 1)Ask am where in Asaba he lives. 2)Why will a very comfortable man doing well in life go to the outskirts of town by 4pm not to even go and attend to an emergency,but probably go and buy foodstuffs ![grin](https://www.nairaland.com/faces/grin.png) What will be his motivation?Saving cost I guess. Saving cost in 2 flanks; Flank 1;He is saving petrol cost for his car because the outskirt of town is close to his residence.This should tell you he lives out of the city. Flank 2;Saving purchase cost. Now ask yourself,how much is that item sold at modern markets and how much does the same stuff go for in that outskirt part of town? Now with these analogies,don't this tell you what part of the social strata the wannabe migrant fall in? This thread has a lot of delusionist in it so thread carefully nwanne. I wish you luck in all your life endeavours and may Nogeria favour you so you wont be a story teller like most of our brothers here, Amen ![grin](https://www.nairaland.com/faces/grin.png) Silliy Logobenz aka benzgang aka nwaneni wannabe naira millionaire feeling fly with 2005 Mercedes Benz. Silly pig
Akpaamunsi Agwu 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:29pm On May 04, 2020 |
zamirikpo:
Na wa ooo, I hope it doesn't happen like this. Oooh. I run two filling stations, one in asaba and another in Issele ukwu. Am even in talks with the owner of one of them to buy it outright. Before this whole wahala.
Landing of PMS was #140, so we were selling with a margin of #5,. Since they changed price I've been buying fuel #123, just #2. So if u aren't doing volumes, u can't pay salary sef.
But what I see is a battle upstream not down stream, cos it'll be a battle for who buys where at what price. And essentially who has access to $ at the official rate.
For us downstream, we'll buy from the best bargain.
Then dangote refinery is coming, I wouldn't mind doing a franchise if he allows it, I heard he orderedt 1000 trucks for delivery.
If dangite refinery starts, depot owner will be in trouble cos am sure importing fuel will be more expensive than dangote fuel. Even buying dangote fuel and transporting to ur local depot in oghara or calabar will be counter-productive.
People must buy fuel, we must sell fuel and we must find away to get the best bargain in the country. Competition would have been serious if dangote had filling stations.
Remember price modulation discussion hasn't been settled. IPMAN could take industrial action if running their stations is no longer profitable. We don't ask for much just #5.
And abeg we need to talk on a different platform, I sent my email some pages back don't know if u saw it
u are missing somethings my margins are higher cos of pef .... |
Re: Treasury Bills In Nigeria by arduino: 2:41pm On May 04, 2020 |
zamirikpo:
Na wa ooo, I hope it doesn't happen like this. Oooh. I run two filling stations, one in asaba and another in Issele ukwu. Am even in talks with the owner of one of them to buy it outright. Before this whole wahala.
Landing of PMS was #140, so we were selling with a margin of #5,. Since they changed price I've been buying fuel #123, just #2. So if u aren't doing volumes, u can't pay salary sef.
But what I see is a battle upstream not down stream, cos it'll be a battle for who buys where at what price. And essentially who has access to $ at the official rate.
For us downstream, we'll buy from the best bargain.
Then dangote refinery is coming, I wouldn't mind doing a franchise if he allows it, I heard he orderedt 1000 trucks for delivery.
If dangite refinery starts, depot owner will be in trouble cos am sure importing fuel will be more expensive than dangote fuel. Even buying dangote fuel and transporting to ur local depot in oghara or calabar will be counter-productive.
People must buy fuel, we must sell fuel and we must find away to get the best bargain in the country. Competition would have been serious if dangote had filling stations.
Remember price modulation discussion hasn't been settled. IPMAN could take industrial action if running their stations is no longer profitable. We don't ask for much just #5.
And abeg we need to talk on a different platform, I sent my email some pages back don't know if u saw it
Dangote having filling stations after the refinery had been completed is as easy as ABC. A. A Rano and A. Y. M Shema are expanding everywhere for some reasons. 1 Like |
Re: Treasury Bills In Nigeria by IamR: 2:46pm On May 04, 2020 |
arduino:
Dangote having filling stations after the refinery had been completed is as easy as ABC. A. A Rano and A. Y. M Shema are expanding everywhere for some reasons. I have been noticing it. |
Re: Treasury Bills In Nigeria by delawal: 2:59pm On May 04, 2020 |
olujaidi: FX rates crashing...it's now 425 to $1 i bought few dollars at 408naira this morning for bdc in the east. hoping to buy more at 400 or less by tommorrow. speculators dn dey flood market wit their hoarded dollars hoping to sell off fast.someone was even begging to sell to me today i said i no want. make i wait till moro |
Re: Treasury Bills In Nigeria by olujaidi: 3:03pm On May 04, 2020 |
delawal:
i bought few dollars at 408naira this morning for bdc in the east. hoping to buy more at 400 or less by tommorrow.
speculators dn dey flood market wit their hoarded dollars hoping to sell off fast.someone was even begging to sell to me today i said i no want. make i wait till moro People who bought between 360 and 380 will make profit. 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 3:12pm On May 04, 2020 |
delawal:
i bought few dollars at 408naira this morning for bdc in the east. hoping to buy more at 400 or less by tommorrow.
speculators dn dey flood market wit their hoarded dollars hoping to sell off fast.someone was even begging to sell to me today i said i no want. make i wait till moro Still not the true price though. This one na speculator panic,don't be surprised that this midweek or the upper one we might begin to hear another story. Only the people that bought at 360 will stay firm and watch till the end! 1 Like |
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Re: Treasury Bills In Nigeria by Olaide1295: 4:11pm On May 04, 2020 |
ahiboilandgas: the truth is that oil and gas business (downstream) is going to change forever with the liberalization of pms price .margins is going to be a disaster and cannot sustain a filling station ..filling station will take the 1st hit , follow by trucking,then depots then vessels then foreign refinaries ....the same way dangote did to cement...so i hope oil and gas business is not the enterprise stoping you from migrating...the president of ipman (my oga) has been pulling back and buying properties.... Oga Ahib, what opportunity does the Dangote refinery present for local entrepreneurs? I know about real estate in that area, do you think it would be a good idea to buy and build properties in that area in anticipation that Dangote staff will rent? What other opportunities are there? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:13pm On May 04, 2020 |
arduino:
Dangote having filling stations after the refinery had been completed is as easy as ABC. A. A Rano and A. Y. M Shema are expanding everywhere for some reasons. oil man spotted, there over 10000 filling station in Nigeria without products to sell , in the dangote interview he said itvwill be easy for them drop there c of o and be getting the product on credit from the refinary....kai this life AA rano ( primary school certificate holder) Aym shafa ( GCE ).... 1 Like |