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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608636 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 emmanuelewumi(m): 3:22am On May 22, 2020 |
Akpaamunsi: The business must pay him, he can give loan to the business, and have a workable plan of how the business will pay back the loan. Dangote is the chairman and major shareholder of Dangote cement. Dangote cement paid him N60 millon in 2019 as sitting allowances for taking Dangote's time through the attendance of board meetings and spending hours at such meetings ,time is money his company must pay him for his time. This is a company that will pay him a whopping dividend of N200 billion for 2019 financial years. There is no emotion in business 24 Likes 4 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:32am On May 22, 2020 |
If things were not done that way, the people running the business will think they can always run to the owners when they run into troubles, just like people who thought Pascal Dozie should use his own money to bail out Diamond Bank when they had issues. The business is a corporate citizen on its own which is quiet different from the owner. Reason why a business can be indebted, while the owner is not indebted 25 Likes 6 Shares |
Re: Treasury Bills In Nigeria by abraolas1: 3:47am On May 22, 2020 |
1kinggy: well, this is My Google incase you dont mind ..... and yes i am Lazy are you happy now 5 Likes |
Re: Treasury Bills In Nigeria by abraolas1: 4:11am On May 22, 2020 |
hollerbaby: i dont see any question as a silly question, as u rightly point out sometimes all you just need is a confirmation of the questions you have answers to ....and i must appreciate some folks that always take their time to answer some will even go ahead and explain and break it down for you to understand the basics. I am relatively new here as well now i understand somethings that even Google cant even help me. Ask a question about bonds sometimes ago some point out that he has written a well detailed explanation about it i look through his Post got the answer i need and some other people are blessed too its as simple as that . someone ask a question you have answer to it and u are too lazy to type ....kindly jump and pass ...no need to corrupt people that has Open Mind that always help us by calling those that ask question "Lazy Folks" hell Yes i am Lazy thats why i look at the thread almost every hour to learn from folks that is more knowledgeable than me and Oh Yes i am Emotional About it Thanks 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:20am On May 22, 2020 |
Too early to start another round of endless arguments. We are all differently and wonderfully made, we should ignore any post or contribution that did not mention or quote us This is one of the few threads on Nairaland where people treat themselves with courtesy and respect, these attributes are gradually becoming alien to us 45 Likes 3 Shares |
Re: Treasury Bills In Nigeria by abraolas1: 4:26am On May 22, 2020 |
ukay2: Thank you All for schooling us I am So grateful to have all of you and thank you for not getting tired of us (Emmanuelwunmi, Oga Ahib, Sholapey,u2kay,conglomerate and the host of others i cant mention ) God Bless you all 6 Likes |
Re: Treasury Bills In Nigeria by abraolas1: 4:28am On May 22, 2020 |
emmanuelewumi: Sorry about That sir ....didnt mean to Argue ....Just felt that needed to be put out Thanks for all you do ......Will laid it rest here Good Morning 5 Likes |
Re: Treasury Bills In Nigeria by Nakedman: 6:45am On May 22, 2020 |
Nakedman: Please house, I need Advise |
Re: Treasury Bills In Nigeria by bmarketing: 7:02am On May 22, 2020 |
Please house, FGN Sukuk is 7 years while FGN savings Bonds is 3 years right? 1 Like |
Re: Treasury Bills In Nigeria by abraolas1: 7:16am On May 22, 2020 |
maybe this can help someone 5 Likes
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Re: Treasury Bills In Nigeria by abraolas1: 7:20am On May 22, 2020 |
abraolas1: https://lotuscapitallimited.com/sukuk/?fbclid=IwAR3PViSeVSuQVeuD_nNq-SP4pdrFUapvnC1lks-xmssyYTE1L8gsmSYjPxg |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:40am On May 22, 2020 |
emmasoft:What's the difference between Abacus and VGIF. Do they pay interest monthly, quarterly or yearly? |
Re: Treasury Bills In Nigeria by Akpaamunsi: 8:02am On May 22, 2020 |
emmanuelewumi: Hello sir. Pls can I recompound my interest payable on government bonds or sukuk bond? I.e reinvesting my interests on the principal till maturity |
Re: Treasury Bills In Nigeria by ojesymsym: 8:04am On May 22, 2020 |
Good guy. abraolas1: 1 Like |
Re: Treasury Bills In Nigeria by 1kinggy(m): 8:11am On May 22, 2020 |
hollerbaby: Thanks. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 8:11am On May 22, 2020 |
Nakedman: Am not a guru but you deserve an answer. The gurus will attend to you when they wake. The present SUKUK bond at 11.2% is a better deal. That amount (about 18m) that fetches you about 700k now will be getting you over 2m every year. 11% is fair considering the rates now and future expectations. 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by 1kinggy(m): 8:14am On May 22, 2020 |
Diyke4rich: Did you ever receive the certificate for the shares you bought then? If you have any document as evidence of purchase, contact their stockbroker house the sales agent worked with or the registrar. |
Re: Treasury Bills In Nigeria by unite4real: 8:16am On May 22, 2020 |
Akpaamunsi: No you cannot |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:17am On May 22, 2020 |
Akpaamunsi: No, you get your rental income and buy money market funds. Whenever opportunities come up for another juicy FG bonds or Sukuk, you can redeem your money market fund and buy the bonds 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:19am On May 22, 2020 |
Barrytone: You have done well. That is the right answer 3 Likes |
Re: Treasury Bills In Nigeria by unite4real: 8:21am On May 22, 2020 |
Nakedman: Diversify. 1. U already have bond. Good 2. Premium stocks. Dangote, Zenith, MTN, GTB 3. Money Market Fund. 4. Eurobond Fund 5. Look out for Distress sales in real estate Nakedman please don't leave your money naked in savings account 22 Likes 3 Shares |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:23am On May 22, 2020 |
OgogoroFreak: Abacus pays interest quarterly. VGIF pays interest twice in a year - January and July |
Re: Treasury Bills In Nigeria by 9jatriot(m): 8:54am On May 22, 2020 |
For SUKUK funds. Please what do they mean by Custodian AC No.? Secondly, do they withdraw the money direct from the account provided in the form?
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Re: Treasury Bills In Nigeria by konews: 8:57am On May 22, 2020 |
THE SEPARATION OF INVESTMENT AND MANAGEMENT. In a public limited company, the only investors who may engage in management are the directors. These are those shareholders to whom the power of management has been delegated by the body of shareholders. THE MEMBERS a. The acquisition of membership: Membership may be obtained by various methods-applying for a new issue of shares; purchasing from a present accepting of gift or bequest, etc-but it must be a voluntary action. For instance, a person may not be a member against his will and a person whose name appears in a company’s register of members without his consent may take action to have it removed. b. Subject to company regulation: Having acquired membership a person is bound by the regulations of the company. Application to be registered as the holder of shares includes a commitment to be so bound. c. Voting power: Shareholders may give a member the right to vote at company meetings but there is not automatic legal right to a vote. The extent of any voting (usually one vote per share) is specified in the terms of issue and in the company’s regulations. https://businessplanhub.com.ng/the-separation-of-investment-and-management/ 1 Like |
Re: Treasury Bills In Nigeria by rmx: 9:20am On May 22, 2020 |
emmanuelewumi: Most SMES dont separate there accounts into personal and business , most am sure even run most of there business thru there personal accounts , the rest that have enterprise and Limited coy accounts don’t keep all the books and don’t Chanel payments thru them ,the reason is simple , most do not want to pay tax or other government fees etc , for some it’s a question of don’t want to put up or pay for the structure that will enable this , accountants , store officers , auditors etc , I know a lot of traders , there turnover will be in excess of 500m , a few over 1b . Most operating from personal accounts or a few using combination of personal and enterprise account I have 2 ongoing projects , one for 16m for the builder/engineer fees , he provided his personal account , when we were about to start the second project which is much bigger , I insisted I wanted a company account , reluctantly he provided one and said oga the tax people might disturb me later smiling What advice will you give along this line |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:43am On May 22, 2020 |
rmx: Even if it is a micro business, the enterpreneur should use one of his personal accounts as the account where income from the micro business will be paid into. A micro business is that which the start up capital is N1 millon and below Most salary earners thinks our side businesses are profitable because of co-mingling, it is when we are retired and face the business squarely that we will realize that we have been swimming naked all along A salary earner who co-mingles his account with his side business and does well must be very disciplined and frugal. My wife does that and her salary for the past 4 years are been invested in money market, stock market,bonds, real estate and Treasury Bills. The side business and residual income from her investments handle her bills and pays her a monthly stipends. She gives personal loan to the business at 15% per annum whenever the need arises 22 Likes 7 Shares |
Re: Treasury Bills In Nigeria by Pascopele: 9:55am On May 22, 2020 |
Hence the need for a whatsapp group emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by Pascopele: 9:57am On May 22, 2020 |
unite4real:Bolded at what rate italic not advisable what would you say for someone that has half a million lying fallow in the account |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:09am On May 22, 2020 |
Pascopele: Thanks, we are doing well in the open. Most Investment WhatsApp group admins use that avenue to sell funny and suspicious business opportunities to hungry and lazy people who want fast money, these usually end in losses and tears 36 Likes 3 Shares |
Re: Treasury Bills In Nigeria by rmx: 10:16am On May 22, 2020 |
emmanuelewumi: And if not a salary earner does this apply ? My input was for people that do business as there main hustle |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:22am On May 22, 2020 |
rmx: You need a corporate account, you can't be a contractor with big companies like Guinness, Flour Mills, MTN, Dangote, First Bank etc using your personal name, with being registered with Corporate Affairs Commission. Big businesses will always pay into your corporate account. Same with local government, state government and Federal government. There is a limit to the size of loan you can get as an individual, no bank will give you a N100 million loan on your personal guarantee when you are not a Dangote, but you can get a business loan that is more than that based on the cash flow generating ability of the business 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by rmx: 10:31am On May 22, 2020 |
emmanuelewumi: Exactly Not many smes willing to go thru this route and do things properly for reasons i mentioned earlier Most have no dealings with big cooperates or govt business 1 Like |
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