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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4604088 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 ahiboilandgas: 5:26pm On Jul 29, 2020 |
DexterousOne:yes oh i luv ambition it bring fulfillment it keeps me alive ...dangote said in his interview that life without challeges will boring.....very true .....not basic challenges of foods,shelter,clothing etc .....but runing an enterprises.....example if i buy a property and revonate and put back in the markets ..anticipation of the sale make ,discusing with potential buyers and making the sale .....make me happy and alive ..... 7 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:36pm On Jul 29, 2020 |
AA rano started selling black markets in kano depots in 1994 during endless fuel scarcity....they buy in drum and sell in kegs ,along the line they started joining money to buy whole truck from there moved to warri and Lagos to buy from source from renting trucks to owning them from renting fillion station to owning 1 from buying from depots to owning depots him self from renting vessel to owning 1 ....from riding on vespa to founding an airline ....now AA rano is doing crude swap .....he wanted to choose earn income to feed him self from the onset ...he didt plan this from 1995....it happen along the way ...... 12 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 5:49pm On Jul 29, 2020 |
ahiboilandgas: Yes indeed I get it A life with a drive and purpose The need to achieve something And make things happen Like I said before Keep it up sir... Just like you I have big ambitions Bigger than what this country can give me So eventually I have to waka To chase that golden fleece 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 5:50pm On Jul 29, 2020 |
ahiboilandgas: Mhmm That's what's up |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:56pm On Jul 29, 2020 |
DexterousOne:yes ooh do your thing.....Nigeria limits aspirations,big dreams , big imagination becos several meanless obstacle ....i spent 14 hours stuck up on traffic from benin to abuja...i spents 13hr at a spot call murtala bridge the kogi was stuck too for over 5hours ..cos lack of cranes to carry two truck that got accident on the bridge connecting north and south .....stand still starting on Friday until monday ....no moving back or fronth 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:59pm On Jul 29, 2020 |
DexterousOne:vision ,aspirations and mission keep changing along the way ....from looking for income for survival to finding fulfilments ...... 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 6:17pm On Jul 29, 2020 |
That traffic that had Kogi state governor also catch you? Sorry o. Hunger wire you be that. I never understand why those trucks like going bad side by side each other. ahiboilandgas: |
Re: Treasury Bills In Nigeria by ojesymsym: 6:19pm On Jul 29, 2020 |
The important thing is that the person did not stay inside the house or online all shouting government this, government that, they took action one step at a time. Life will reward those who take action rather than those who wait for handouts. ahiboilandgas: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:36pm On Jul 29, 2020 |
ojesymsym: Exactly! Nigeria bad , Nigeria bad, we all know that The question then become WHAT ARE YOU DOING TO BETTER YOUR SITUATION? If you are just sitting at home with hands on his waist doing nothing but complain And you dont go out there to at least hustle in one (legal) way or the other Then laziness is the person's problem And even if the person goes abroad The person will still not make much headway 1 Like |
Re: Treasury Bills In Nigeria by Donbrig: 6:50pm On Jul 29, 2020 |
The way OPEC is making new policies for future oil productions are mind boggling, Nigeria should just forget about oil price going up in the next months or years to come. This pandemic has really changed our world forever. China and US aren't helping matters either.. Now we know why EU and US have been developing technologies and economies that doesn't depend on oil or gas to survive. Every state in Nigeria should get ready to face the hard music, FG allocation to states will be reduced drastically in months to come. Those who intend to invest in Oyo state prosperity bond at 14% for 12yrs should open their eyes wide... With the continued fall in oil price and reduction of FG allocation to states, we don't need a prophet to tell us that some states will certainly go bankrupt as from 2021 upwards. Okonjo Iweala warned us to diversify our economy and prepare for hard times like this, but we ignored all her warnings, afterall, she is a woman, why would a woman tell a man what to do in Africa. Now the die is cast. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:57pm On Jul 29, 2020 |
Donbrig: Reason why they are introducing new taxes. If it fits into your investment strategy you can buy the bond SEC will secure your Investment, when Osun State went broke bond Investors got their coupons. It was what they had left that the state spent. Your coupon and sinking fund for the repayment of the bond are given priority. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:03pm On Jul 29, 2020 |
ojesymsym:yes ooh catch me too for 13 hours from 10.30 am to 3 am to get to abuja .....i saw his cars almost 25 units .... |
Re: Treasury Bills In Nigeria by Donbrig: 7:04pm On Jul 29, 2020 |
You are right Sir, but that was before the pandemic and oil price was still stable. Things are just too shaky globally right now and no sign things will abate anytime soon. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:20pm On Jul 29, 2020 |
Donbrig: If it won't fly the professional advisers and SEC won't approve the bond. Assuming the budget of Oyo state is N100 billion and they need a N50 billion bond for 10 years bond at 14%. About N4 billion from the state allocation from Abuja will be kept in a sinking fund every year for about 8 years. This would have grown to N50 billion by the 10 year About N7 billion will also be used for coupon payments. Total deduction per annum from the states account will be about N11 billion per annum or about N900 million per month The corporate lawyers to the bond would have gotten an irrevocable guarantee from the attorney general and accountant general of the federation on what to paid to the bond from Oyo state monthly federal allocation 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by freeman67: 7:26pm On Jul 29, 2020 |
DexterousOne: We all have our opinions but please do not destroy this thread with politics and governance issues. The thread may have withstood and still withstanding other investment discussions but politics is too volatile and laced with so much sentiments over here. Once again, I beg you to please stop discussing issues of politics here so that we can continue to enjoy this thread in peace. Thank you. 9 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 7:33pm On Jul 29, 2020 |
Donbrig: It's going to really be a bumpy ride going forward Most oil producing countries in Africa squandered the opportunity we had with the oil windfall ![]() Now it's time to face the music And with a government that clearly does not have a grip on things, the outlook is even grimmer ![]() God dey sha 6 Likes |
Re: Treasury Bills In Nigeria by drealj: 8:26pm On Jul 29, 2020 |
ojesymsym:Juju\jazz is real. A countr3 |
Re: Treasury Bills In Nigeria by drealj: 8:35pm On Jul 29, 2020 |
ojesymsym:Juju\jazz is real. A country where people prefer bad government to good government.A case study of Jonanthan government to mohamamdu government 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 8:43pm On Jul 29, 2020 |
DexterousOne: Gbam. You are getting what iam driving at. If i want to be on forbes list, i will not be here, i will be setting up one mighty refinery or trying to invent what has not yet been invented. |
Re: Treasury Bills In Nigeria by Nezzjnr: 9:01pm On Jul 29, 2020 |
ahiboilandgas:Then as a little boy AA Rano wasn't known I'm now seeing his Tankers everywhere |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:03pm On Jul 29, 2020 |
NL1960: One mighty refinery My goodness It seems you already have financiers on lock |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:04pm On Jul 29, 2020 |
Nezzjnr: Big things often start small 1 Like |
Re: Treasury Bills In Nigeria by Nezzjnr: 9:07pm On Jul 29, 2020 |
DexterousOne:He has always been one of the persons I'm always looking on to His business acumen alone is enough for me I don’t intend going into his line |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:11pm On Jul 29, 2020 |
Nezzjnr: Exactly Another person I look up to is Mr. Cosmas Maduka of Coscharis His work ethic inspires me to do better 1 Like |
Re: Treasury Bills In Nigeria by Greenvaiper: 9:16pm On Jul 29, 2020 |
ojesymsym: So many different topics different from treasury bills have been raised here but I didn't see u raise your voice. What I stated is also related to investment and fall In naira, but because u r one of the people I mentioned who voted d idiiot back to power for a second time, your conscience no green u keep quiet. I do not care whose ox is gored, but anybody who voted this man in a second time is a very big fool 5 Likes |
Re: Treasury Bills In Nigeria by Nezzjnr: 9:16pm On Jul 29, 2020 |
DexterousOne:That man is just silent My type of billionaire ![]() ![]() Are these men really into investments? |
Re: Treasury Bills In Nigeria by Godbpraised: 9:35pm On Jul 29, 2020 |
The idea is not making them settle in Nigeria, the idea is reminding them of thier roots. Besides it would save me the d headache of coming to visit them always. In extreme weathers. DexterousOne: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:44pm On Jul 29, 2020 |
Nezzjnr: Once your business has structures, systems and it is on autopilot, it becomes an investment 10 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Nobody: 10:04pm On Jul 29, 2020 |
Guys check out this: Akanbi kicks over Oyo proposed N100bn bond By Paul Ukpabio An All Progressives Congress (APC) chieftain Senator Adesoji Akanbi has raised the alarm over approval of N100 billion prosperity bond by the Oyo Executive Council to facilitate execution of priority projects for economic development in the state. He described the decision as ill-informed and undesirable. Akanbi, in a statement, said: “A bond, simply put, is a fiscal income made by an investor to a borrower. “Given that there is no state that will not need borrowing to get solvent, the pertinent question remains that, at what volume can the Oyo state government afford to borrow? “Can we as a state continue to borrow money when the economy is depleting? This causes for a disquiet concern for all and sundry.” He added: “It is a swings and roundabouts thing. If we are to service the bond to 20 – 25% of our hard-earned IGR, it behooves us to boost our IGR significantly. “Can the state earning below N100 billion take the said amount as a loan at this crucial moment? “We are quick to draw comparison between Oyo state and other states without stating the realities of our IGR status. “Lagos has about N399 billion in internally generated revenue, followed closely by Ogun state, which has recently grown its IGR by 14.1% totaling up to N70.9 billion. “These two states are home and dry for any loan. Government needs to be more open and transparent in its deeds. “Bond is good for developmental purpose if the terms and conditions attached are to be adequately met without shifting the burden on the hapless masses.” He said rather than take bond, the state should increase its IGR. “I worked with the late Lam Adesina as an economic advisor during his administration. “We were just three then and we bought large quantities of shares to boost our IGR, which of course was frittered away by successive administrations. 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:20pm On Jul 29, 2020 |
Godbpraised: Okay If that rocks your boat But as for me My descendants have no business with Nigeria That is your fathers country of origin Full stop Be out there And be yourselves |
Re: Treasury Bills In Nigeria by Nezzjnr: 10:24pm On Jul 29, 2020 |
emmanuelewumi:Thanks a lot on this Sir This has really been bothering me |
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:32pm On Jul 29, 2020 |
Greenvaiper: My good sir Please let bygones be bygones Lets not talk much about the topic anymore And if the guy you quoted responds Please do not respond anymore Let us let sleeping dogs lie We know policy mistakes have contributed in no small measure to the state of things we are in today That's irrefutable Many here know it So let us leave it like that And hope things get better |
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