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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4604877 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: 11:57am On Aug 02, 2020 |
seunpinky:whooa nice |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:59am On Aug 02, 2020 |
ahiboilandgas:. Primero Transport, a company that is linked to the godfather has the license for Ikorodu to TBS route. The company has over 400 BRT buses in its fleet. The company does not pay to Agbero, LASTMA and others I am suggesting something similar for Sango Otta to Oshodi route. Badagry to Mile 2 route, Oshodi to Obalende route, CMS to Ajah route etc 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:00pm On Aug 02, 2020 |
gaeul: It is very alive. 10 Likes |
Re: Treasury Bills In Nigeria by seunpinky(m): 12:01pm On Aug 02, 2020 |
I was only guessing oga mi.. lemme edit my guess to be less specific emmanuelewumi: |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 12:07pm On Aug 02, 2020 |
gaeul: Let me not say what is on my mind because it's best not to wrestle with someone in d mud. 2 Likes |
Re: Treasury Bills In Nigeria by seunpinky(m): 12:09pm On Aug 02, 2020 |
Oga mi, if I reveal the rot in primero transport, u will wail for us as a nation. The primero project is quite ludible if well executed. But the debt profile of the coy is something else ( diesel debts, refinancing of the loan from sterling bank by issuing a corporate bond, the bond was not so successful as a major investor pulled out at the last minute). When u say they have 400 buses, I laff out loud, do ur findings and confirm how many buses they roll out daily. emmanuelewumi: 3 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 12:12pm On Aug 02, 2020 |
seunpinky: Primero Transport is probably d worst run entity in the world. Words fail me to understand how a company that runs the Ikd to Tbs route can't break even. The forces holding Lagos down are really strong. 3 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 12:15pm On Aug 02, 2020 |
Very unwise statement. We are busy talking about the betterment of Nigeria as a whole. What is the importance of tbills at 18% if you don't have good roads, constant electricity supply, affordable healthcare and good education for your children and security? Treasury bills rate at 30% becomes useless without these basic facilities. That is why in Nigeria today, no matter how rich you are, you somehow still feel poor and unsecured inside you. gaeul: 10 Likes |
Re: Treasury Bills In Nigeria by seunpinky(m): 12:16pm On Aug 02, 2020 |
I agree � with ur write up, I wouldn't have put it better. Primero generates an average daily revenue of N23million on week days and N19million on weekends. CsRockefeller: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:16pm On Aug 02, 2020 |
seunpinky: mismanagement because they got the license on a platter of gold. The business ought to be very profitable, but mismanagement killed it. LASG is also subsiding a so called private business, I know some people who work their the stories are not good How millions of Naira are shared every Fridays, now they are owing diesel suppliers, cant buy spare parts, can't replace old buses, owing workers salaries, reducing workers salaries, stopped payments of allowances, workers are over worked 5 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 12:20pm On Aug 02, 2020 |
seunpinky: In a sane Govt, that coy would have been thoroughly scrutinized by external auditors. It's either someone is stealing from their accounts or it is terribly run 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:22pm On Aug 02, 2020 |
CsRockefeller: Fola Tinubu is the CEO of the company. Mismanagement killed the company. They are subsidised by the state. 2 Likes |
Re: Treasury Bills In Nigeria by Akin3891: 12:27pm On Aug 02, 2020 |
CsRockefeller: Just negodu, every family in Nigeria is a government on its own. You have to provide everything, from shelter to water, yet the failed government paste on my gate land use tax, for what purpose, the air I breathe? Lagos state built many new estates in various parts of lag but the poor or average people can't near them because the price are too exorbitant, the government give nothing to the poor but in turn expect much from them. Generating taxes from Nigerians maybe difficult except you want to do a direct debit from their bank , I hope it doesn't get to that point when you pay tax according to the amount you have in your accounts 8 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 12:34pm On Aug 02, 2020 |
emmanuelewumi: Covid-19 was a perfect excuse to increase their fare by over 200% It's not even about the subsidy. The new ones; Lagos Bus Ltd (operators of the light blue buses) are also subsidized but efficiently run. I understand that Govt provides d buses and they (Primero) manages it. The question is on what arrangement was the PPP given? I'm guessing that Primero couldn't fulfill their own financial side of the bargain and Govt couldn't bear the cost all alone. 1 Like |
Re: Treasury Bills In Nigeria by seunpinky(m): 12:36pm On Aug 02, 2020 |
It's a case of the more u look, the less u see. Primero is not even fulfilling it's financial obligations to LAMATA. CsRockefeller: |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 12:38pm On Aug 02, 2020 |
seunpinky: And I guess they are too cowardly to strip them off the partnership. 1 Like |
Re: Treasury Bills In Nigeria by talk2tonie: 12:40pm On Aug 02, 2020 |
gaeul: Are you not learning from these conversation?. If you are not, then you should. 8 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:41pm On Aug 02, 2020 |
CsRockefeller: It is all part of the corruption. Government have not business in that set up at all. The investing public can raise N10 billion start up capital for the business. Lagos State through Ibile Holdings can own 10% of the company if they want, Lagosians can own 40% of the company, big money financiers like PE equity Investors, Insurance companies, Transport companies etc can own the remaining shares of Company. A business making a turnover of over N500 million in a month should be doing well. The business also enjoys exclusive Monopoly on the Ikorodu/TBS route should not be having the current financial crisis. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:43pm On Aug 02, 2020 |
seunpinky: How will they ? They got the opportunity on a platter of gold. Give that opportunity to a serious business minded organization, if they won't create wealth for the company and its shareholders 1 Like |
Re: Treasury Bills In Nigeria by Akin3891: 12:45pm On Aug 02, 2020 |
emmanuelewumi: It's a good suggestion and there will be sanity on our roads but also note that transport fare will go up which I think the masses are not braced up for. Covid19 make commuters pay high fare because of the restrictions on numbers of passengers in a bus at a time , I can't just imagine the financial pain they through on a daily basis |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:50pm On Aug 02, 2020 |
Akin3891: It won't go up, fares are approved by LAMATA. You need their approval before you increase fares Small operators will operate at the inner city routes, eg Ojuelegba to Lawanson, Agric to Isawo, Ketu to Alapere etc 4 Likes |
Re: Treasury Bills In Nigeria by Godbpraised: 1:44pm On Aug 02, 2020 |
And if i may ask who are the rats and reptiles? Your statement speaks volumes of who you are? Yeye dey smell gaeul: 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:45pm On Aug 02, 2020 |
A lot of businesses like Lagos State Development and Property Corporation, Lagos State Waste Management Corporation, Lagos State Water Corporation etc ought to be privatised. Lagos State can own shares in these companies, but the citizens and Investors should own about 60%. These companies can then pay corporate taxes to the government. It is too bad that these state owned corporation are not making profits even though they enjoy monopoly and incentives from government 2 Likes |
Re: Treasury Bills In Nigeria by delawal: 2:23pm On Aug 02, 2020 |
emmanuelewumi:same Tinubus most south westerners cant see above his shoulders. we keep apportioning blames and giving handouts of solution, at d end of the day we go back to d same shi.t dts killing us. nigeria is doomed 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 2:26pm On Aug 02, 2020 |
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5907 Biafran4life: 1 Like |
Re: Treasury Bills In Nigeria by Enyinne(f): 2:37pm On Aug 02, 2020 |
For the mutual funds , can the person top up as someone in canada wants to know about this . Can this be opened online without appearance?is bvn needed as he doesnt hv Nigerian Acct. pls enlighten me emmasoft: 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 3:53pm On Aug 02, 2020 |
Enyinne: For VGIF, investors can top up anytime with any amount. VGIF account can be opened, monitored and funds redeemed online. The physical presence of the investors are not required for any of our operations. BVN is required to open VGIF account. It's part of the regulatory (SEC) requirements to open investment account. 1 Like |
Re: Treasury Bills In Nigeria by Tvegas(m): 4:38pm On Aug 02, 2020 |
maishai:If you can't make simple things like prepaid meter work,tell me what will work? We are not ready for growth in this country,most of us are just paying lip service. 2 Likes |
Re: Treasury Bills In Nigeria by Enyinne(f): 4:56pm On Aug 02, 2020 |
Can bvn be registered when u are not in Nigeria physically? Please any idea how this works emmasoft: |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:02pm On Aug 02, 2020 |
Enyinne: As per BVN you can check the link below: https://www.chronicle.ng/2017/11/full-list-of-bvn-centers-for-nigerians-in-diaspora/ |
Re: Treasury Bills In Nigeria by drawingbook: 8:31pm On Aug 02, 2020 |
Guys can anyone educate me on treasury bills? Please |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 8:42pm On Aug 02, 2020 |
ultron12345: Lots of wisdom in one post! 1 Like |
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