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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4656249 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): 2:52pm On Jul 31, 2020 |
NL1960: After running the business for about 5 years, the owners might decide to stop the business if he doesn't break even. The workers will be the losers on the long run. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:19pm On Jul 31, 2020 |
ultron12345: My goodness Person business |
Re: Treasury Bills In Nigeria by Greenvaiper: 3:27pm On Jul 31, 2020 |
Cyberknight: This life no just balance for naijeriya peoples |
Re: Treasury Bills In Nigeria by Cyberknight: 3:41pm On Jul 31, 2020 |
Greenvaiper: The green passport is a red flag. |
Re: Treasury Bills In Nigeria by IamR: 3:44pm On Jul 31, 2020 |
Greenvaiper:lol |
Re: Treasury Bills In Nigeria by NL1960: 3:49pm On Jul 31, 2020 |
emmanuelewumi: The workers are not thinking of the long term implications of what they are doing. To them, they are smart. When the business now folds up, they will be the first to start abusing the government for not providing jobs for the youths. 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:59pm On Jul 31, 2020 |
NL1960: Even Dangote lost billions of Naira from the transport division of his business, a lot of sharp practices by the managers of that division. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Halexgos3(m): 4:13pm On Jul 31, 2020 |
Gander:You be ode |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:57pm On Jul 31, 2020 |
emmanuelewumi: Goodness me |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:58pm On Jul 31, 2020 |
NL1960: And the most interesting thing Is that They dont use the thing for anything sensible Its squandered money 3 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 5:01pm On Jul 31, 2020 |
Cyberknight: It actually is For good reason Many Nigerians are people you should be wary of 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:02pm On Jul 31, 2020 |
DexterousOne: Too late to realise that the N14 million he used in buying a new BRT bus in 2010, would have bought a house or fixed income Investment since his job as an Investment banker will not give him the time to monitor the business effectively 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 5:03pm On Jul 31, 2020 |
emmanuelewumi: Na wa o. Even Dangote. Somebody that drives a rickety Keke Napep has been begging my wife to talk to me to buy him a 7-seater bus popularly called Korope bus to drive to replace the rickrty Keke Napep. I no gree o. Too many stories from those drivers. 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 5:15pm On Jul 31, 2020 |
emmanuelewumi: Its better to just do your portfolio investments in peace Buying your shares and all that I am not giving 1 kobo to anyone to do business for me 3 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 5:19pm On Jul 31, 2020 |
Lest I forget There is a piece of information I would like to share to the house That would especially help newbies who seek to begin their journey in this investment world Elders like @emmanuellewumi and co should please vet and add their own input... This will be for anyone who is scared of equity investment, on how to do it safest and best.. I'll be back with the info Please bear with me 2 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 5:19pm On Jul 31, 2020 |
Same issue crashed my former MDs biz. In fact, he went from a millionaire to a debtor within the space of 3 months. Who wasn't stealing from him? From the manager to the logistics personnel to d lady in charge of invoice/procurement. Funny thing is that he knew they were stealing but Baba just relax say money too much. The site engineers were doing haphazard projects. Day of reckoning came, our client a top mobile telecommunication co sent their project inspectors, the level of substandard projects were too grave too ignore and bribe couldn't work this time. By October, we were blacklisted. I had just resumed there in August. Pay was okay, all my plans came crashing down, haven't recovered since then as a staff not to talk of the owner. Last I heard of him, he is in serious debt. The Banks are after him, the engine of his N20m jeep bought last year has knocked. I really feel pity for him. Man took his feet of the gas and everything came crashing down. Modified: The Fmr Manager, a man I heard he took from grass to grace has opened his own solar company from d proceeds of his theft. 12 Likes 2 Shares |
Re: Treasury Bills In Nigeria by civilserva: 5:47pm On Jul 31, 2020 |
Some people here raised the issue high exchange rate in favor of Dollar as the parallel/black market has continued to edge towards 500/$1. This should be great source of concern to all, if no radical economic measures are put in place, the fate of Naira will be same as some other currencies like Zimbabwe dollar, Lebanese lira, Venezuela Bolivar and other failed currencies. Naira going toward 1000/$1 means more and more people will lose hope in Naira as means of Exchange, leading to adoption of dollarization. The below link gives a graphical representation of situation in Lebanon. https://www.forbes.com/sites/tatianakoffman/2020/07/09/lebanons-currency-crisis-paves-the-way-to-a-new-future/#782703436a17 CBN as a matter of urgency needs to strengthen naira by curbing the activities of currency speculators and black market operators. Restoration of people confidence on naira will stop panic buying of dollars for the preservation of their savings/investment. 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 5:54pm On Jul 31, 2020 |
Has CBN started selling to BDC? civilserva: |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 5:59pm On Jul 31, 2020 |
emmasoft: Will do so. Thanks |
Re: Treasury Bills In Nigeria by Donbrig: 6:08pm On Jul 31, 2020 |
It is not easy to open a business in Nigeria and have Nigerians work for you without theft being a big problem. I remembered how I was frustrated when I newly opened a bakery and a hotel in Benin, it was a very huge challenge. The issue of theft is a problem you cannot completely eradicate. If you want to be successful in your business, you must be on ground 24/7 and set up a strategy that would enable all your workers police each other, and you must try to compensate them from time to time, never be a greedy employer and ensure that your workers have a conducive working conditions. From experience, I have also observed that some tribes in Nigeria are more honest and loyal than some, like the Efiks ( Calabar) or Hausas, I can trust many from these ethnics than many other ethnics. If you can succeed as a business man in Nigeria, you can succeed in business in any part of the world. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by Tochex101(m): 6:13pm On Jul 31, 2020 |
ojesymsym:I think not Sir.....but when is the right time to step in....is it till scarcity pushes it to #800.. |
Re: Treasury Bills In Nigeria by ojesymsym: 6:37pm On Jul 31, 2020 |
Hmmm, the way I see it, if CBN see USD collect from you sef, they will be happy. Not sure inflow from crude oil has improved yet and I also do not believe the fundamentals support this price rate, it is more of speculation which can be crashed down in 1 hr like it was in 2016. Just one news on one Friday evening on Monday, they will a stampede. Tochex101: 4 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 6:46pm On Jul 31, 2020 |
ojesymsym: It can be crashed, but we all wonder why CBN isn't doing so, or intervening. Perhaps because they've promised the IMF they'd unify the exchange rates to get their latest loan. Perhaps because they really can't afford to open up the taps and sell dollars to the BDCs and exiting investors as before. |
Re: Treasury Bills In Nigeria by seyisanya(m): 7:00pm On Jul 31, 2020 |
DexterousOne: I don't know where you are in your journey in life, but if you're still below 60, there is an easier route to the kind of life you so much desire. I've been following your posts, and I think you might be working in a highly competitive sector/industry in Nigeria. Why not get an international job from Nigeria, and become an expat abroad? Before you say easier said than done, it's very doable! I'm not necessarily referring to the USA, Canada, Europe where most Nigerians go to ''hustle''. I know Doctors, Engineers, Bankers etc who had their University education in Nigeria. Worked for a while in Nigeria, applied for jobs from Nigeria, interviewed via Skype, got a contract via email and the rest is history. In fact, I know a few professionals across different sectors in Nigeria who have worked and lived in all the continents of the world in just 14 years but still carry a Nigerian passport. They travel back to Nigeria every summer with their family, and by September they are back in their country of residence. 12 Likes |
Re: Treasury Bills In Nigeria by Akin3891: 7:07pm On Jul 31, 2020 |
ahiboilandgas: How come? After 10% tax cut on savings accounts interest, the end result is as good as 3.4% interest on TB. |
Re: Treasury Bills In Nigeria by mindtricks: 7:12pm On Jul 31, 2020 |
emmanuelewumi: No be small something. |
Re: Treasury Bills In Nigeria by Akin3891: 7:14pm On Jul 31, 2020 |
NL1960: Only the immature investors will do that, some unserious investors will even terminate a 91 days TB investment. For me, I spend the profits generated, eventhough it's small, I will rather reduce my monthly budget than to dig into my capitals. 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 7:21pm On Jul 31, 2020 |
seyisanya: Thanks for the advice I'll put this in mind Tho I would still like to have both passports sha For flexibility |
Re: Treasury Bills In Nigeria by Manwarrior55: 7:52pm On Jul 31, 2020 |
. |
Re: Treasury Bills In Nigeria by Donbrig: 8:05pm On Jul 31, 2020 |
Very difficult for us to end like these countries, but not impossible. We still have all the chances to turn things around by making the right monetary policies, just one or two right moves by CBN could bring back naira to 360 within 48hrs, but our fear now is that, we don't know the kind of agreement CBN had with IMF before they gave us that loan to stimulate our economy. Lots of things are not just clear in our monetary policies at the moment, lets hope and pray we survive these economical battles in due time.. Manwarrior55: 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:10pm On Jul 31, 2020 |
Most of these problems - stealing, dishonesty, greedy employees, disasters both natural and man made etc are what some people don't put into consideration to think that fixed income investors are wasting time settling for between 5 to 12% ROI. I have always said it here when it comes to investment generally safety of your capital is paramount. Look at Okomu for instance people like me don't even have what it takes to cultivate up to a plot but I benefit from a cultivation of hectares of land by Okomu, many don't even understand fully well all the economic terms but they are relaxed and compounding their investment in mutual funds like VGIF without even a degree in finance because they gave all those headaches to some people they call fund managers. So let's always consider different angles when it comes to building wealth. Do what is best and comfortable with you and don't downplay what others are comfortable doing to create and preserve wealth. God bless all our hustles. 12 Likes |
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