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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4604769 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 Aquilapriscilla: 9:01pm On Aug 02, 2020 |
maishai:. But...how ![]() ![]() |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 9:06pm On Aug 02, 2020 |
Aquilapriscilla: They by-pass the prepaid meter directly to the line supplying the pre paid meter light. As d hunter learnt to shoot without missing, d bird learnt to fly without perching. ![]() |
Re: Treasury Bills In Nigeria by Aquilapriscilla: 9:37pm On Aug 02, 2020 |
CsRockefeller:I stay in the north ,we use ppm 120.1kw is like 3000 plus its not even up to 3500 (this includes vat) and we use it for like 1month plus We don't have AC ,our pumping machine use solar panel,we don't leave fridge over night,or on light bulbs any how. The thing is that change begins you(me)...if we in our small circles start effecting what we want to see on a larger scale,in no time there will be a ripple effect. You know one country that baffles me on how they grew from rags to riches.. =Japan Sometimes I feel we in Nigeria got everything to easy and cheap (especially our independence)..we should have fought for it with tears and blood... Then we will understand what Nation hood means.. Well hopefully we get there someday 18 Likes 1 Share |
Re: Treasury Bills In Nigeria by Enyinne(f): 9:59pm On Aug 02, 2020 |
Thanks emmasoft: |
Re: Treasury Bills In Nigeria by ojesymsym: 11:53pm On Aug 02, 2020 |
Although we appreciate his been open on the forum, it would be better off if he does the right thing. Its the thing we always complain about as a nation. Is your own pumping machine a DC pump? what is the capacity? Aquilapriscilla: |
Re: Treasury Bills In Nigeria by topsquino(m): 12:36am On Aug 03, 2020 |
Aquilapriscilla: South Africa that fought for independence with tears and blood, what did they do with it? Have you forgotten how Zuma stole millions of dollars? Without a compelling ideology or a strong philosophy to succeed, I DON'T see how we can succeed in this country. Ask yourself, as a country, what do we collectively stand for? Perhaps corruption 6 Likes |
Re: Treasury Bills In Nigeria by mindtricks: 12:42am On Aug 03, 2020 |
ahiboilandgas:Very True. |
Re: Treasury Bills In Nigeria by arduino: 1:38am On Aug 03, 2020 |
CsRockefeller:I agree that Lagos can stand alone but remove oil money and Abuja will be grounded. ![]() 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 7:14am On Aug 03, 2020 |
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Re: Treasury Bills In Nigeria by Nobody: 7:16am On Aug 03, 2020 |
How true is this?: New Gold ETF Vetiva’s The NewGold Exchange Traded Fund (NewGold) is an Exchange Traded Fund that was listed on The Nigerian Stock Exchange (NSE) in December 2011. It tracks the price of gold and offers institutional and retail investors the opportunity to invest in a listed instrument (structured as a debenture) that is fully backed by gold bullion. Each NewGold security is equivalent to approximately 1/100 ounces of real gold bullion held in a secured stockpile of gold bullion. All gold is kept in the form of London Gold Delivery Bars and Good Delivery Standards are prescribed by LBMA. December 27th Fund Price – N5,220 June 26th Fund Price – N8,000 Return – 53.3% |
Re: Treasury Bills In Nigeria by mayemaye(m): 8:02am On Aug 03, 2020 |
gaeul: ![]() |
Re: Treasury Bills In Nigeria by Nobody: 9:25am On Aug 03, 2020 |
Between Afrinveast and United Capital PLC where would you rather invest your hard earned money? Please breakdown your reasons. ~Concerned learner |
Re: Treasury Bills In Nigeria by Nobody: 9:33am On Aug 03, 2020 |
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Re: Treasury Bills In Nigeria by Aquilapriscilla: 10:08am On Aug 03, 2020 |
topsquino:Yes, the situation is just sad.. |
Re: Treasury Bills In Nigeria by Nobody: 10:13am On Aug 03, 2020 |
Aquilapriscilla:Good morning guys! Learnt Shoprite is leaving Nigeria after its 15 years of coming in. Do you see that as a red flag? |
Re: Treasury Bills In Nigeria by Aquilapriscilla: 10:30am On Aug 03, 2020 |
ojesymsym:Yes, it uses both AC and DC, I don't know the capacity but my Dad bought it at 400k from yola |
Re: Treasury Bills In Nigeria by Cyberknight: 10:36am On Aug 03, 2020 |
Phylife: Not really. I wonder why they blame the pandemic; there must be some other reason because essential goods and grocery retailers are doing well elsewhere in Nigeria and around the world. They may have to change the mix of goods they sell - replace some items with items more within Nigerians' purchasing power - for instance, but their basic business premise is still sound, I'd say. There are forex and other issues involved, yes, difficulty of repatriating dividends, maybe, and the hopeless Lagos ports wahala with respect to importing their goods, but If Spar, Cash n Carry, Ebeano and numerous smaller retail establishments are still kicking, then they can remain. I think they're just tired of Nigeria. 1 Like |
Re: Treasury Bills In Nigeria by maishai: 11:40am On Aug 03, 2020 |
Cyberknight: This is definitely a sign of a very big problem.........If Foreign Direct Investors are running away from your country........... Let us Nigerians especially The Government learn to Obey Contract Terms and Conditions................. No-body should envy the south-africans when they repatriate the money they make in Nigeria cos the Leaders that handed them our markets in the first Place did it with their eyes open...... The death of SHOPRITE marks the end of Mall Business in Nigeria as It was the Brand that Repopularise Mall shopping in Nigeria........The combination of cash and carry, prince Ebeano and Spar can never Rival Shop rite............. To envisage what a Dead mall would look Like...... Please Visit Pine Mall in Sango and You will weep........Shop-Rite is what keeps that place alive since Inception...........Now imagine what that place would look like after Shoprites exit 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 11:48am On Aug 03, 2020 |
Phylife: Soja go Soja come barracks remain. Nigeria is a big market. Don't be surprised if they leave more of such stores will come. Most of this establishments if they have not entered Nigeria market they don't seems fulfilled. They may end up not leaving because what they benefits here far outweighs the downside 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:47pm On Aug 03, 2020 |
Good bye ShopRite. 1 Like 1 Share
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Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:49pm On Aug 03, 2020 |
Phylife: Another Investor will buy their shares in the business |
Re: Treasury Bills In Nigeria by maishai: 12:52pm On Aug 03, 2020 |
emmanuelewumi:Staff Theft can never be the reason for their leaving............. Anybody doing business and expecting holy-staffs is not ready for business in nigeria....... 2 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 1:15pm On Aug 03, 2020 |
emmanuelewumi: How can a salesgirl steal 553 million, that's fanciful. How much then are the board and others allegedly pilfering. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:17pm On Aug 03, 2020 |
maishai:i actually saw some staff stealing in shoprite ...a cashier friend (syndicate) walk in make some purchase several small items to make the list long ,then add some expensive items then go to cashier who scan only cheap items then he out..... |
Re: Treasury Bills In Nigeria by Cyberknight: 1:19pm On Aug 03, 2020 |
ahiboilandgas: Yes, I've heard of such pilfering being done in retail outlets. But I find it difficult to believe that it would go on on the scale that it would drive the business under |
Re: Treasury Bills In Nigeria by Iogobenz(m): 1:19pm On Aug 03, 2020 |
maishai:Even in the US or Europe,if you don't guard your business well,staff will pilfer as much as they can and run you down. Anybody complaining of bad staff is too stupid to run a business and should use that capital for other daft people's investments. I think and is quite sure shoprite is wanting to leave because of unstable naira which keeps affecting their revenue when repatriating profits and not some daft,staff 500m naira crap story. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:27pm On Aug 03, 2020 |
Cyberknight:i didnt know what to do ..to report them or not ...i just frooze ...the poorly paid security just look at the receipts faintly.... |
Re: Treasury Bills In Nigeria by einsteine(m): 1:32pm On Aug 03, 2020 |
Cyberknight: She brought her own POS to work. It is as if some of you are either unaware of how bad Nigerian has gotten or you are just eternal optimists. It is easy to say someone else would buy their shares in the business but many are ignoring the fact that this creates signalling for other foreign investors to avoid the country. Nigeria cannot grow in autarky like many people seem to imply (DStv is leaving, NTA would replace them, ShopRite is leaving, Ebeano would replace them, yada yada). 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:37pm On Aug 03, 2020 |
Phylife: ShopRite will sell their shares in the business, to those who have the billions to buy it. 1 Like |
Re: Treasury Bills In Nigeria by Cyberknight: 1:38pm On Aug 03, 2020 |
einsteine: A known trick - how did the accountants or control people miss it to the extent that she took 553 million? Cashiers' POS receipts are supposed to be checked after every shift/day (I have a friend who runs a couple of mid-size supermarkets), so obviously if this was truly a method used to defraud a company to a reasonable extent, it was a whole chain of staff involved and not one salesgirl. Agreed on the optics of their exit from Nigeria - it doesn't look too good from outside, irrespective of whether locals take up the slack or not. 1 Like |
Re: Treasury Bills In Nigeria by Iogobenz(m): 1:41pm On Aug 03, 2020 |
einsteine:Market square is gyrating to replace them when they go ![]() Great news. The craze for FDI on this particular thread I expected a lot of intellect is alarming. Is it not these same FDIs people that are putting pressure on the naira now because they are trying to repatriate their funds to home countries? Now imagine if Nigeria could replace these FDIs with indigenous companies by say 50%. Don't you know overtime naira will strengthen marginally for sheer lack of dollar demand by these FDIs? I expected more honestly... Nigeria is not a country that can't do without FDI in an ordinary retail business. Make them commot abeg,can't wait for sundry foods to become a fortune 500 company. Shoprite is leaving,shoprite is leaving...make I begin cry abi wetin? ![]() 3 Likes |
Re: Treasury Bills In Nigeria by einsteine(m): 1:45pm On Aug 03, 2020 |
Cyberknight: I can't remember the amount but apparently it seemed it ran for a month. Also, cashiers share POS at ShopRite. That may make their reconciliation process difficult. Either way, the major cause of their exit is the uncertainty of the Nigerian economy. When investors bring in FDI, they get a Certificate of Capital Importation and the funds are exchanged at official rate. They do this under the guarantee that profits would also be repatriated at official rate. The CBN has largely reneged on this guarantee. ShopRite does not own most of their stores and their would be butterfly effects as some of the malls deal with lower occupancy rate. The absence of ShopRite in some of the malls would lead to reduced foot traffic and loss of revenue for other stores in the mall (at least in the short term). 3 Likes |
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