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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4596102 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 ojesymsym: 9:26am On Jun 05, 2020 |
Exactly, the price refused to go down despite the slum in crude price. It never follows market forces. ahiboilandgas: |
Re: Treasury Bills In Nigeria by GonFreecss1: 9:35am On Jun 05, 2020 |
IyawoToBe: I went to the internet banking web and just found out this people didn’t add any country to the exceptions. Trying to add some countries now. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:45am On Jun 05, 2020 |
ojesymsym:petrol will soon fellow ....the evil marketers will transfix a price that can only go up and up ....but will take everlasting to come down....Nnpc stations will be having some goods sales in future |
Re: Treasury Bills In Nigeria by PresidentBuhari: 9:45am On Jun 05, 2020 |
Dollar is being sold at N397 In Ikeja Lagos, hoarders should sell now to avoid massive losses. It may drop further to N390/$ from next week. |
Re: Treasury Bills In Nigeria by ojesymsym: 9:47am On Jun 05, 2020 |
I think government was waiting for Dagotte refinery to kick off before removing the subsidy thing, I wonder why they decided not to wait again. However, I believe removing it is a good thing though. What about refineries, has the market for it being opened? ahiboilandgas: |
Re: Treasury Bills In Nigeria by XiaoLi: 10:20am On Jun 05, 2020 |
Is this real? PresidentBuhari: |
Re: Treasury Bills In Nigeria by NL1960: 10:21am On Jun 05, 2020 |
ahiboilandgas: Once NNPC filing stations maintain a lower price, people will flock there thereby forcing others to reduce theirs. Why will i buy fuel at a higher price from other stations when NNPC filling stations that are all over the place are selling at a lower price?. 2 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:26am On Jun 05, 2020 |
NL1960:I wonder ooo ![]() |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:27am On Jun 05, 2020 |
XiaoLi:If it was real he won't tell you. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:28am On Jun 05, 2020 |
NL1960:if u can wait in the line for hours to buy from NNpc ...or 5 minutes in Ahib oil and gas for a difference of 5 naira....your choice your time... 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 10:29am On Jun 05, 2020 |
I think we don't need jokers here who mislead people, i just called my Aboki now and he said there is nothing like 397 for 1$ Theconglomerate: |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:31am On Jun 05, 2020 |
XiaoLi: ![]() 397 is a pipe dream honestly. It might never get to that again,even with resumption of sales to BDCs. What we might get is 400-410 range with CBN injections. ![]() 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:36am On Jun 05, 2020 |
Must Nigerians are not very liquid they buy 1500 fuels at a go ...why drive 10km radius to queue up at an NNpc stations at 121...when a neigbourhood A.p is o.5km away at 125.... 2 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 10:39am On Jun 05, 2020 |
At the bolded, economist at FBN QUEST also said thesame. Theconglomerate: |
Re: Treasury Bills In Nigeria by Nobody: 10:50am On Jun 05, 2020 |
PresidentBuhari: lol. i hope your tactic work.. |
Re: Treasury Bills In Nigeria by XiaoLi: 10:54am On Jun 05, 2020 |
People here are bigger and wiser to fall for that petty tactic tumababa: |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:00am On Jun 05, 2020 |
Enyinne:I don't sell dollar |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:25am On Jun 05, 2020 |
Crude 41.2 dollars... |
Re: Treasury Bills In Nigeria by NL1960: 11:40am On Jun 05, 2020 |
ahiboilandgas: NNPC filling stations are all over the place. This was what the FG had in mind when they started flooding the whole place with NNPC filling stations. Moreover, i buy fuel for my car once in a week. I can easily buy during the weekend. Moreover, once NNPC sees the queue, they will open more or take over dormant ones. If Ahib oil and gas that normally sells a trunk a day now sells a truck a week and NNPC comes with a buyout offer, you no go sell?. |
Re: Treasury Bills In Nigeria by IamR: 11:49am On Jun 05, 2020 |
NL1960:Exactly. |
Re: Treasury Bills In Nigeria by Nyxx123: 11:53am On Jun 05, 2020 |
ojesymsym: You are right, but if you are a big dog in this line of business, you can sell at your own price. I remember either in year 17/18, fuel price hiked , I think it was sold above #200 per litre, then A.A rano opened a new filling station, he sold same price with NNPC, I think either #160 or so. People left the other fuel stations to queue in his own. The other fuel station owners lost some many customers. The union assoc. of fuel station owners came to his to warn him to sell at the exact price they were selling or face the consequences. He sent a message through his manager to tell them, he wasn't going to do that and if they try another nonsense, he will make them know, he has been in this business long before they ever thought of it. Naso the union leaders carry their legs waka go. I think the mistake they made was, they never inquired to know who A A rano was, otherwise they woñt have tried that expensive joke. But you need to see queue, as early as 5am, car was everywhere |
Re: Treasury Bills In Nigeria by yazga: 11:57am On Jun 05, 2020 |
![]() islamics: |
Re: Treasury Bills In Nigeria by yazga: 11:57am On Jun 05, 2020 |
You dont get my point do you ojesymsym: |
Re: Treasury Bills In Nigeria by Nyxx123: 12:01pm On Jun 05, 2020 |
ojesymsym: I know a guy that leased his truck to NNPC, he had no business with truck drivers. All he did was wait every 2weeks for an alert. So true @bloodmoney dude made so much money that he built 2 houses at the same time all in the space of 1 year at choice places and states. He made so much that he became a man of few words. No need to stress, na just how much is it. I don't know the no. Of trucks he had, but it was more than one. Is also good that I state, it was in year 2013 although guy man is still waxing, I don't know if he's still in the business. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:13pm On Jun 05, 2020 |
NL1960:nnpc retail ltd control 17 percent market share ....they have about 36 station called mega 1 ....funny enough the remaining 300 are privately owned (affiliates)...so Ahib oil and gas will be selling in it station in Asokoro ...same Ahib oil and gas will be selling in wuse...under Nnpc franchise...All na me ......so i will dirvert Nnpc wuse allocations to my stations in Asokoro to sell at 130 (no queues).....while i sell at 121.5 in my nnpc franchises...using only 1 pump and 2 staffs ....and lond painful lines and disorganised...... 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:16pm On Jun 05, 2020 |
Marketers are not normal people......this a 50 years cartel..............10000 stations are owned by ipman..... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:22pm On Jun 05, 2020 |
Nyxx123:its smokescreen he was not selling fuel but accumulating waybills to acess the pef subsidies ....he also sells to the other stations in bulk (full truck)....after selling to Ahib oil at 150 then am retailing at 200 and paying dpr monitoring team bribes of 10 naira ...why will AA rano again sell to cars at 160.....that distorting the markets for me .....he can only try this in the North.....marketers from the east ....will smoke him.... 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:33pm On Jun 05, 2020 |
ahiboilandgas:Competition and individual reasons always drive prices down so long as prices have dropped from the source. It's only a matter of time before it collapses and the petrol station union falls out of order..Everyone knows this. They succeeded in hiking diesel prices this long because demand for it is low. You can't have a fast moving commodity like petrol run under a cartel scheme,where everyone is looking for a piece of the action. Unless the cartel is ready to spend good money to enforce this,I give it 9months and prices start falling apart ![]() Will you people also stop the building of new filling stations?because this ones in their quest for customers will start selling low price ![]() 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:34pm On Jun 05, 2020 |
Subsides removal will..free up cash for developments..it will increase NNpc monthly contributions to faac accounts...the country is severely indebted already ..over 1 trillion is needed to service debt annually......more money for politicians to steal via more faac receipts..less money to oil marketer's via subsidies fraud income .....more cost to the Nigeria masses via costly petrol....200 per litre....more investments in refining meaning more jobs and taxes .....more genuine income to marketer's with capitals ....zero income to smuggling cartels and customs boader officers...less income to marketer's with 1000 of trucks and stations ... (over capacity)....industry is saturated especially in the north.... |
Re: Treasury Bills In Nigeria by Nyxx123: 12:35pm On Jun 05, 2020 |
ahiboilandgas: You might be correct I no nothing or how the system works but I think it was a way of advertising his fuel station. Like I mentioned he opened it newly. I know some newly opened fuel station do things like that. Some do give free fuels to a number of cars, once they get to the limit, they revert to the real price |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:39pm On Jun 05, 2020 |
Theconglomerate:read more on oligopoly...Dapma is Dapma ....this why we have anti trust agency in europe ...giving fines ....moman is 8 members with 2500 stations ....and a sectariates...presenting a uniform front....this cartel..... |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:40pm On Jun 05, 2020 |
The only people that can control petrol pricing is depot owners. Reason is; They are few in number and can easily come to an understanding to hike the selling price to stations. But they have a very big threat now; DANGOTE ![]() So the clock is ticking for them |
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