einsteine:


The banking industry in French speaking West Africa is dominated by Morrocan banks.

Yea

I noticed that

Moroccan and French banks

It take him around 4 months to sells 12000 pcs and they combine capital to import.........no wonder chinese, and labasene traders are make a kill from trading in Nigeria due to our huge populations .....

emmanuelewumi:



Looking forward to the time when Nigerian institutional Investors will think long term and become strategic.

The core Investors in Nigeria brewery, Unilever, Stanbic IBTC and many other companies are increasing their holdings, while Nigerian institutional Investors are shifting funds to fixed income Investments.

The second largest shareholder of Dangote cement is a South African pension fund firm. They currently have a representative on the board of the company

Sir

I'll refer you to one of my earlier comments as to why this is the case with Nigerians and our thinking

DexterousOne:



Lmao
These indians coming here seek expansion into new grounds really

They have succeeded elsewhere most of the times


You cant compare the two

Growing up in Nigeria puts you in what I call the "cesspool of negativity" and that is why we are always on "preservation mode" like you have said

To most Nigerians
It's a daily fight out of poverty
And a fight not to return to poverty

That's why we are all playing safe

I domt know if you get me

@emmanuelewumi pls refer to this comment.

Especially the bolded

This is the reason for what you said about the Nigerian institutional investors

It's a deep rooted psychological underpin

That's why foreigners have the upper hand over us

ahiboilandgas:
So i was not convinced that such money will come out from such markets ...so i got taking with a friend that own a stall inside the biggest textile markets in West africa ....is it possible to have person with capital base of 500m inside their markets ...

There are many billionaires in Kwari market. Mudassir can never make the top 50 richest in the market 10 years ago, but today, he must be among the top 10 active players. He is living in my locality at Gorondutse, his residential building could worth 200m. Heard he is building a textile mall in Abuja, have in Kaduna and almost 10 in Kano.
Kwari market in Kano, can easily transform someone struggling into a billionaire overnight as Chinese were banned to operate shops there. So, if Chinese found you trustworthy as a market player, they will be sending containers of textiles to you, your commission is per piece of a textile sold.

DexterousOne:


Sir

I'll refer you to one of my earlier comments as to why this is the case with Nigerians and our thinking

Even in Agriculture the Investors cashing out are foreigners.

Okomu Oil and Rubber, Presco are owned by foreigners.

Foreign Investors at Okomu cash a total dividend of about N4 billion and management service fee of N1.5 billion.

In Presco, the cashed out dividend of N1.2 billion and management service fee of about N1 billion.

Just last week South African Institutional investor cashed out a dividend of over N3 billion from Dangcem.

DexterousOne:

@emmanuelewumi pls refer to this comment.

Especially the bolded

This is the reason for what you said about the Nigerian institutional investors

It's a deep rooted psychological underpin

That's why foreigners have the upper hand over us

Institutional investors are Insurance companies, Pension fund managers, Private equity firms and Investment banking firm. I heard of the case of one such Investors who wanted to buy N10 billion worth of Sukuk, I learnt some invested more than that

emmanuelewumi:



Institutional investors are Insurance companies, Pension fund managers, Private equity firms and Investment banking firm. I heard of the case of one such Investors who wanted to buy N10 billion worth of Sukuk, I learnt some invested more than that

why can PFA in Nigeria are not investing in foriegn countries like South africa but be chasing tb at 3.8

emmanuelewumi:



Institutional investors are Insurance companies, Pension fund managers, Private equity firms and Investment banking firm. I heard of the case of one such Investors who wanted to buy N10 billion worth of Sukuk, I learnt some invested more than that

Those companies are run by PEOPLE

NIGERIAN PEOPLE

And for most Nigerians
We are yet to rid ourselves of that "preservation mode" and "brute" mentality

When we emancipate ourselves of that mentality

We will think better

ahiboilandgas:
why can PFA in Nigeria are not investing in foriegn countries like South africa but be chasing tb at 3.8

They actually can

ahiboilandgas:
why can PFA in Nigeria are not investing in foriegn countries like South africa but be chasing tb at 3.8

They don't need to invest outside Nigeria. Friesland Wamco makers of peak milk is a Dutch company, their company makes a minimum profit after tax of N10 billion from a revenue of over N100 billion every year, they are also empowering Nigeria farmers and cattle ranches.

Promasidor the makers of Cowbell is a South African company making billions of Naira and also empowering farmers.

Olams is also very big in Agriculture. UAC used to have investments in Agriculture but they are not getting it right.

Our institutional Investors need to identify opportunities and invest in such, they have the resources to carry out necessary feasibility studies and management of such opportunities

DexterousOne:


They actually can

I am not sure if PENCOM has given them such approvals, but they can invest in Sovereign Eurobonds

DexterousOne:


Those companies are run by PEOPLE

NIGERIAN PEOPLE

And for most Nigerians
We are yet to rid ourselves of that "preservation mode" and "brute" mentality

When we emancipate ourselves of that mentality

We will think better

They are just intellectually lazy, our problem is short term thinking.

More wealth can be made by them and more people, when they Invest in enterprises or ventures that have the ability to create multiplier effects

ahiboilandgas:
why can PFA in Nigeria are not investing in foriegn countries like South africa but be chasing tb at 3.8

They can invest in specified securities abroad, but I doubt the CBN would actually let them export substantial amounts of capital.
In any event, I would say there are enough permitted investments they could take up in Nigeria.

Ibrahim505:

There are many billionaires in Kwari market. Mudassir can never make the top 50 richest in the market 10 years ago, but today, he must be among the top 10 active players. He is living in my locality at Gorondutse, his residential building could worth 200m. Heard he is building a textile mall in Abuja, have in Kaduna and almost 10 in Kano.
Kwari market in Kano, can easily transform someone struggling into a billionaire overnight as Chinese were banned to operate shops there. So, if Chinese found you trustworthy as a market player, they will be sending containers of textiles to you, your commission is per piece of a textile sold.

Why did they ban Chinese traders in the market? They are operating freely in Lagos sha oo

emmanuelewumi:



They don't need to invest outside Nigeria. Friesland Wamco makers of peak milk is a Dutch company, their company makes a minimum profit after tax of N10 billion from a revenue of over N100 billion every year, they are also empowering Nigeria farmers and cattle ranches.

Promasidor the makers of Cowbell is a South African company making billions of Naira and also empowering farmers.

Olams is also very big in Agriculture. UAC used to have investments in Agriculture but they are not getting it right.

Our institutional Investors need to identify opportunities and invest in such, they have the resources to carry out necessary feasibility studies and management of such opportunities

so why is 400bn naira chasing tb at 3 percent ...600bn cashing sukus ..

Cyberknight:


They can invest in specified securities abroad, but I doubt the CBN would actually let them export substantial amounts of capital.
In any event, I would say there are enough permitted investments they could take up in Nigeria.

Are you sure of this?

If they invest out side..it will be yielding dollars into Nigeria ....and help stabilies naira

emmanuelewumi:



Are you sure of this?

I gave an opinion.

Cyberknight:


I gave an opinion.

Okay just did a Google search, they can invest in bonds, Treasury Bills, stock market, real estate, cash and alternative investments.

They make quarterly returns to PENCOM, it will be very difficult to monitor foreign investments.


But PENCOM allowed foreign Investors to invest in some of the Pension Fund management firms. Actis just became the major Investor in Sigma Pension

ahiboilandgas:
If they invest out side..it will be yielding dollars into Nigeria ....and help stabilies naira

True.
A lot also depends on the interest rates where they would be going and the kind of instruments, many countries "sterilise" fdi flows by requiring them to remain in the country for a specific period, so any such investment would have to be really worth it.
Actually, until the tbills rate was cut last year, investing in them was a no-brainer for the PFAs; there was really nowhere else where such interest rates were on offer for a reasonably low risk.

ahiboilandgas:
so why is 400bn naira chasing tb at 3 percent ...600bn cashing sukus ..

We have some foreign owned institutions Investors and private equity firms that are doing things differently.

Actis invested almost $900 million in real estate in Nigeria in the last 5 years

ahiboilandgas:
If they invest out side..it will be yielding dollars into Nigeria ....and help stabilies naira

Some real estate Investments in Nigeria are yielding dollars

emmanuelewumi:



We have some foreign owned institutions Investors and private equity firms that are doing things differently.

Actis invested almost $900 million in real estate in Nigeria in the last 5 years

Really? Interesting. I wasn't aware they were in real estate; I know they were in Diamond Bank, and Sigma (actually encouraged someone to change their PFA to Sigma because of Actis).

Cyberknight:


Really? Interesting. I wasn't aware they were in real estate; I know they were in Diamond Bank, and Sigma (actually encouraged someone to change their PFA to Sigma because of Actis).

Yes, they are diversified. Google Actis Nigeria
They always sell at a profit, they were once in UACN and had a representative on the board of directors

emmanuelewumi:



They are just intellectually lazy, our problem is short term thinking.

More wealth can be made by them and more people, when they Invest in enterprises or ventures that have the ability to create multiplier effects

It's the same thing we are saying sir.


When you are in "preservationist mode"

You are doomed to be a short thinker.

And intellectual laziness plays its role too

emmanuelewumi:



They don't need to invest outside Nigeria. Friesland Wamco makers of peak milk is a Dutch company, their company makes a minimum profit after tax of N10 billion from a revenue of over N100 billion every year, they are also empowering Nigeria farmers and cattle ranches.

Promasidor the makers of Cowbell is a South African company making billions of Naira and also empowering farmers.

Olams is also very big in Agriculture. UAC used to have investments in Agriculture but they are not getting it right.

Our institutional Investors need to identify opportunities and invest in such, they have the resources to carry out necessary feasibility studies and management of such opportunities

Since the foreign investors are here

It's a no brainer that our own fund managers should dedicate a portion of their portfolio to foreign investments out of the country too

There are very big deals that can be struck abroad

They should look into that

As at 2016 it was reported Actis invested $1.4 billion in across African real estate market

According to the 2019 annual report of Stanbic IBTC, it was reported that Actis invested about $900 million in the Nigerian real estate sector.

But for most of us in this TB thread looking for bond, sukuk and mutual funds, we are on preservation mode which is why ahib and perhaps conglomerate are also trying to let us know that there are many other ventures for those who are young to try out with better returns

DexterousOne:


It's the same thing we are saying sir.


When you are in "preservationist mode "

You are doomed to be a short thinker.

And intellectual laziness plays its role too

DexterousOne:


Since the foreign investors are here

It's a no brainer that our own fund managers should dedicate a portion of their portfolio to foreign investments out of the country too

There are very big deals that can be struck abroad

They should look into that

Charity begins at home, if you are not innovative here you cant be innovative abroad. I also believe this is the place for the institutional Investors to get great returns

ojesymsym:
But for most of us in this TB thread looking for bond, sukuk and mutual funds, we are on preservation mode which is why ahib and perhaps conglomerate are also trying to let us know that there are many other ventures for those who are young to try out with better returns

Some of us are well diversified into real estate, Treasury Bill, money market funds, FG bonds, corporate bonds, stock market, joint venture projects, personal businesses, real estate etc. I don't see such Investors as been in preservation modes

The biggest pension fund manager has over $7 billion under management that should be over N2.5 Trillion, the smallest ones have about N300 billion under management.

I see no reason why 10% of such funds can't be Invested in growth sectors that can create long term wealth