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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4597051 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): 9:01pm On Jun 21, 2020 |
UBA made investment running into hundreds of millions of dollars in some African countries, unfortunately some of these investments are just struggling to be profitable close to 10 years after investments were made. Lafarge Wapco spents over $250 million on a cement Business subsidiary in South Africa, unfortunately this business was not profitable for many years. They had to sell the business last year Looking at the 2019 financial report of Dangcem the East African subsidiaries dragged down the overall performance of the group 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:06pm On Jun 21, 2020 |
emmanuelewumi: Foreign investors in Nigeria are also counting their losses as well in some areas Nigeria is not all that We dey try But we are not all that That's just the truth Like I keep saying If I had a big war chest A sizeable percentage of the money will be abroad looking for opportunities That's just me |
Re: Treasury Bills In Nigeria by ukay2: 9:06pm On Jun 21, 2020 |
DexterousOne: And it get get down to -150% red day next week trading. .....so what has changed? |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:09pm On Jun 21, 2020 |
ukay2: A blend of speculations and investor sentiment. Sometimes all it takes to drive the stock price down so quick is bad news about the company Like litigation Or reputation damage That kind thing |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:11pm On Jun 21, 2020 |
ukay2: Some speculative folks in the market could also drive the market Thaf aside From my research Solid companies in America dont swing so violently like that It's more common with penny stocks |
Re: Treasury Bills In Nigeria by ukay2: 9:11pm On Jun 21, 2020 |
DexterousOne: We know.... Is that what you want the Institutional Investors to be doing? Remember that the funds belong to their shareholders like you and I? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:11pm On Jun 21, 2020 |
DexterousOne: Can you give examples of such. MTN, Heneiken, Diaego, Actis, Stanbic, Maersk,ShopRite, Broll, Multi Choice, Cadbury, Nestle, Siat etc are all cashing out big time and Nigerian Investors are yet to harness the opportunities that are minting money for these guys 1 Like 2 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:18pm On Jun 21, 2020 |
ukay2: Banks who went out to establish Businesses outside Nigeria for status symbol are closing such offices Diamond Bank sold their UK Business, UBA closed their New York Business, some banks are closing their branches In some of the African countries because they are not minting money. Some of the their government and workers are gold diggers. A GTB staff in Liberia sued the bank and the worker was awarded $1 million by the court. You need to be matured for cross border expansion and should not be for status symbol or for bragging rights. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:21pm On Jun 21, 2020 |
emmanuelewumi: There are businesses cashing out in east africa and even south africa too. Even ghana that I go to A pet project I invested into has grown and I am very impressed with the returns so far. I was in a discussion with a very good friend of mine And he was just lamenting That a very popular hotel chain that invested into Nigeria They are trying to sell at a loss to get out (I wont mention their name, but If you look into that direction, you may know the chain) There goes one of his principal clients That's just one When you go to Amuwo, some ot those industrial outfits have folded up due to bad policy plus losses after losses When you look at The new bike companies And how useless govt policy snuffed the life out of them All that money invested is now on sterilization mode, as they cannot make money These are just few of many that have left In Ghana, the industrial estate by TV Africa (those who are familiar with ghana will know that place) has a strip filled with businesses that used to be located in Nigeria I was shocked to see some of them there And as we speak Small Ghana is even competing head to head for FDI investment So like I said Nigeria is trying and stuff But Nigeria is not all that There are always opportunities elsewhere 3 Likes |
Re: Treasury Bills In Nigeria by ukay2: 9:23pm On Jun 21, 2020 |
emmanuelewumi: Exactly Sir. Union Bank plc also sold their UK Business recently 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:24pm On Jun 21, 2020 |
ukay2: Are you sayin institutional investors should limit their scope to Nigeria? While investors elsewhere are branching into many countries markets at the same time? Ray Dalio for example One man I really respect when it comes to investment, as he runs the biggest hedge fund on the planet is exposed to at least 100 countries at one go. Nigerians should get cracking and go out there to seek opportunities Nigeria is just one small piece of the global market Branch out |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:26pm On Jun 21, 2020 |
emmanuelewumi: The ones establishing in Ghana and Ivory Coast are not closing down as of yet..... It's good to expand But expansion should not be done recklessly. |
Re: Treasury Bills In Nigeria by Torture2020: 9:26pm On Jun 21, 2020 |
It is easy to say that because you are Nigerian. I have seen raw hatred towards Ghana by Nigerians. I know some Ghanaians don’t like Nigerians, but I know there is more hatred toeards Ghana among Nigerians. I once lived in Nigeria, so I know what I am talking about. DexterousOne: 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by ukay2: 9:29pm On Jun 21, 2020 |
DexterousOne: Am with you Sir |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:29pm On Jun 21, 2020 |
Torture2020: You are Ghanaian I thought as much That renders both of us biased then I think Its worse with ghanaians against Nigerians based on my experience and what I have seen You have your own thoughts too So what we can agree on is this There are Nigerians who are prejudiced towards Ghanaians And Ghanaians prejudiced towards Nigerians 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:30pm On Jun 21, 2020 |
DexterousOne: Michelin and Dunlop will move to Ghana, until we have a deliberate policy to ban importation of tyres into the country and encourage local production of the product In Nigeria. Thank God for the policy on rice importation, if not during this pandemic without a local substitute a bag of foreign rice must have gone to 50k 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:31pm On Jun 21, 2020 |
ukay2: Lmao How? All I'm saying is that there are opportunities everywhere We should go out there and get a piece of it 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:32pm On Jun 21, 2020 |
emmanuelewumi: Mhmm The rice issue has impressed me so far. Nigeria can always do better when it comes to policy. |
Re: Treasury Bills In Nigeria by Torture2020: 9:33pm On Jun 21, 2020 |
Of course. There are people on both sides who hate each other. Unfortunately, Nigerians always try to make it look as if only Ghanaians hate nigeria. From my personal experience , this is not true. The hatred runs across both sides. DexterousOne: 2 Likes |
Re: Treasury Bills In Nigeria by brandable: 9:34pm On Jun 21, 2020 |
Tiger Brands emmanuelewumi: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:35pm On Jun 21, 2020 |
Torture2020: Yea That said I really love Accra I have been to dozens of cities But accra has a special place in my heart. Investor friendly country in my opinion Just that the $250k requirement should not be applicable to Nigerians and other west Africans That's my only grouse |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:37pm On Jun 21, 2020 |
The Ghanaian CEO of Unilever Nigeria, transferred major production from Agbara to Ghana. Most of the production took place in Ghana for transfer to Nigeria. The closure of the border really exposed his mistakes and prejudice. Unilever made a huge loss in 2019, I learnt the CEO was queried by the core Investor and now replaced because of the biased and strategic mistake the CEO made. Could not justify his N300 million salary How can your production be far away from the market that produces over 80% of your revenue. The relocation of the production also costs the company huge fund 6 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:40pm On Jun 21, 2020 |
brandable: Tiger brand needs to understand the Nigerian market, they did not get it right with UAC foods and Dangote Flour. Tiger is a South African brand that failed to get it right in Nigeria 1 Like |
Re: Treasury Bills In Nigeria by brandable: 9:48pm On Jun 21, 2020 |
emmanuelewumi: emmanuelewumi: Please, this joint venture projects you talked about, how do one invest into it? Do one just walked into those asset management firms/investment banking firms and asked if they have any of such projects on board that one can invest in. |
Re: Treasury Bills In Nigeria by Phyde: 9:50pm On Jun 21, 2020 |
Satoshi2019:You get additional incentives to save to meet personal targets or expenses. You earn higher interest on the deposits in your Max Yield account. Third party deposits and withdrawals by cheques into your Max Yield acocunt at any branch. Deposit and withdraw cash at any ATM or Stanbic IBTC Personal Deposit Machine. A flexible maximum cheque deposit value of N2,000,000 per account. Receive transfers from abroad and locally. Make payments on the Web and via POS. Check balance, send money and pay bills via Internet Banking. Set up direct debits or standing orders for regular bill payments. Earn interest of 6.2% per annum (subject to CBN-advised MPR) for minimum daily balances of N100,000. Normal savings rate of 4.2% per annum (subject to CBN-advised MPR) if you withdraw more than once a month or daily account balance is less than N100,000. Interest has dropped, the bank will advise you more. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:57pm On Jun 21, 2020 |
brandable: You must have been a client, they always mail opportunities to selected clients, who are termed qualified Investors. Joint venture projects usually occur with real estate Investments, and you might not be able to cash before 2 years or more, you must be a High Networth clients before you can be invited for some of these opportunities. Dangote Refinery is still a private investment, but some High Networth Investors, investment bankers and corporate lawyers etc have already invested in the project before it goes public 3 Likes |
Re: Treasury Bills In Nigeria by Phyde: 10:01pm On Jun 21, 2020 |
Satoshi2019:These are the messages I got last week 1 Like
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Re: Treasury Bills In Nigeria by CsRockefeller(m): 10:03pm On Jun 21, 2020 |
So who is Olabode here on Twitter? I saw your tweets. |
Re: Treasury Bills In Nigeria by brandable: 10:21pm On Jun 21, 2020 |
Well understood, thanks. emmanuelewumi: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:24pm On Jun 21, 2020 |
emmanuelewumi: What's the definition of a high net worth individual according to them? Pls give a figure I want to compare something ![]() |
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:25pm On Jun 21, 2020 |
CsRockefeller: You care to share the tweets here? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:43pm On Jun 21, 2020 |
DexterousOne: It used to be a minimum of N300 million It was reviewed downward by SEC Nigeria about 4 years ago, you have a minimum of N100 million in liquid assets eg Treasury Bills, money market funds, corporate bonds, FG bonds and and stock market. It doesn't include your cars, gold, land or house. Those who invested in the Refinery are super High Networth Investors, they might have Invested a minimum of $5 million 7 Likes
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