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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615648 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 Akin3891: 7:47pm On Sep 12, 2020 |
RayRay06677: Oops, Barry. I was going to ask of you cos you appeared in my thoughts just last week while reading on here. Welcome back if you are the real 1b. 1 Like |
Re: Treasury Bills In Nigeria by chukzyfcbb: 7:49pm On Sep 12, 2020 |
RayRay06677:That's a poor diversification strategy. When you diversify, you should do so across an asset class. all 3 brokerage firms are all in the same asset class, and all 3 can go down in one day. All it takes is one CBN policy or something it's game over. This is not diversification bro 5 Likes |
Re: Treasury Bills In Nigeria by Pee2Jay9: 7:53pm On Sep 12, 2020 |
Are you sure it is not MBA forex? I know that the MD is a celebrated member of Christ Embassy Telsidelake: |
Re: Treasury Bills In Nigeria by RayRay06677(m): 7:55pm On Sep 12, 2020 |
Thanks for all the nice words, never knew this much, before I draw conclusions on issues I always ask "the intent" when that is solved then you will decide your fate. Am not here to proof that ray and Barry are same. I explained why I changed. Am sticking to TBills but thought I can risk 5m, I have e always been too careful, watching people cash out for over 2 years, thank God it's just 5m I put and did so in 3 different platform. Am expecting 30m by 24th of this month was contemplating risking it too hence my coming here to disturb your peace knowing that I will be discouraged. Even the bond I asked to kick start, rates are going south. I understand they are also running training, I intend using my first roi to register and trade on my own in future. But for now, let the 5m walk. I Don taya for conservation lifestyle. N/B: am not promoting anything, got nothing to gain, only came for restrictions before I dump my 30m further. I took a bad risk, wouldn't blink if it fails. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:57pm On Sep 12, 2020 |
Akin3891: Which of the Investment houses did you buy Dangote cement commercial paper? So Dangote is getting loan from you at 5%, which he will use to make about 20% 4 Likes |
Re: Treasury Bills In Nigeria by RayRay06677(m): 8:02pm On Sep 12, 2020 |
Akin3891: Still focus on the 1b but modus operandi will change slightly as TBills has gone to sleep. |
Re: Treasury Bills In Nigeria by Telsidelake: 8:05pm On Sep 12, 2020 |
RayRay06677: I understand how it feels seeing people cash out of risky investment that investment gurus always warn people to avoid. You have risked the N5m, that's still ok. But leave the N30m in a safer place. I liked your stance on treasury bill despite the naysayers who were trying to get you to move. No fall my hand abeg. If you lose that N30m, e go pain me. ![]() 6 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 8:05pm On Sep 12, 2020 |
emmanuelewumi: This is the funny part. CBN has no idea what it's doing driving savings and other money market rates down like this; what are pensioners and other savers supposed to do now, take unnecessary risks with which they are not comfortable? And what about pension fund managers, earning 3% from TBills will not be sustainable in the long term if they are supposed to run their establishments therefrom. 2 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 8:15pm On Sep 12, 2020 |
Sir, please where can I get data on stocks that have been paying dividends since 2005 and the amounts? emmanuelewumi: |
Re: Treasury Bills In Nigeria by Nobody: 8:16pm On Sep 12, 2020 |
Cyberknight: Not true that CBN does not know what it's (they are) doing - they know far better. They're at the forefront on the driver's seat. To know what they (CBN and a host of others) do is simple. Dig deep and look for their motives in relation to the happenings within and outside the economy. Again, saying they don't know what they're doing is an aberration. Am enjoying every juice dropping from the masters, more grease to your elbows. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:17pm On Sep 12, 2020 |
ojesymsym: Nigeria Stock Exchange website. Look at the companies under the Pension Fund index 3 Likes |
Re: Treasury Bills In Nigeria by chukzyfcbb: 8:20pm On Sep 12, 2020 |
emmanuelewumi:Out of curiosity I would like to ask because I am just noticing this. why is Citibank the custodian for FBN asset management? why didn't they use FBN Bank instead? have you got any clue why? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:21pm On Sep 12, 2020 |
Cyberknight: Pension Fund Managers have more funds in FG bonds than in Treasury Bills. I think PENCOM needs to allow Pension Fund Managers to start investing maximum of 10% of their funds in the international markets |
Re: Treasury Bills In Nigeria by Cyberknight: 8:22pm On Sep 12, 2020 |
Phylife: Aberration? I strongly disagree with their policy concerning the multiple exchange rates (not working in Nigeria's case) and the slashing of interest rates on savings deposits, why would that be an aberration? Haven't we the right to disagree anymore? 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:23pm On Sep 12, 2020 |
chukzyfcbb: Part of SEC guidelines. Other fund managers have FBN as their custodian. Each fund managed by FBN Quest Asset Management have different custodians and Trustees. Check out the Trustees and Custodian of a fund managed by Investment One. The are usually different from the fund manager
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Re: Treasury Bills In Nigeria by Cyberknight: 8:24pm On Sep 12, 2020 |
emmanuelewumi: I think their idea is to keep the funds in the Nigerian economy. |
Re: Treasury Bills In Nigeria by chukzyfcbb: 8:26pm On Sep 12, 2020 |
emmanuelewumi:Thanks I am a bit uncomfortable seeing Citibank as the custodian tho, that's all |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:31pm On Sep 12, 2020 |
chukzyfcbb: Citibank is an international bank, most multinational companies do business with them 2 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 8:34pm On Sep 12, 2020 |
I am unable to locate this. I am really sorry to bother you. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:35pm On Sep 12, 2020 |
Cyberknight: They need to diversify. A South African Pension Fund Manager is an important shareholder of Dangote cement and MTN Nigeria. Pension Fund Managers should only give conditions of the criteria such companies will have before the pension fund managers can invest in them. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:37pm On Sep 12, 2020 |
ojesymsym: There are about 40 companies that have been growing and consistent with dividend payments for more than 5 years which Pension Fund Managers are permitted to invest in. You can do a Google search |
Re: Treasury Bills In Nigeria by ojesymsym: 8:39pm On Sep 12, 2020 |
The closest I have gotten is 2014, nothing earlier from my search so far. emmanuelewumi: |
Re: Treasury Bills In Nigeria by Cyberknight: 8:40pm On Sep 12, 2020 |
emmanuelewumi: I agree with the need for diversification, especially in the light of recent trends here. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:46pm On Sep 12, 2020 |
ojesymsym: Very good point to start from. Get the companies and get across to their registrars, you will get the capitalisation history and dividend history for as long as possible |
Re: Treasury Bills In Nigeria by ojesymsym: 8:48pm On Sep 12, 2020 |
Thanks a lot. emmanuelewumi: |
Re: Treasury Bills In Nigeria by Nobody: 8:56pm On Sep 12, 2020 |
emmanuelewumi:You asked for the technical partners of Ikeja Distribution. It is Korean Electric Power Company. As per the bolded, it is not Investments that are driving the losses. The company is not making enough revenues (tariff and collections) to cover expenses and this has led to losses over the 5 year period. Losses will eat up all your shareholders equity until it becomes negative. Liabilities are growing not because of increasing debt but rising trade credit (money owed NBET) as the company is not able to fully make payments to NBET. Assets are decreasing because of depreciation and not asset stripping as you mentioned. The distribution assets are being impaired and deprecated while the company is not acquiring distribution assets at the same pace as depreciation. Bottom line: it hasn’t been a good investment for the investors and this is because of the underlying issues around tariffs and collections. 1 Like |
Re: Treasury Bills In Nigeria by Grupo(m): 9:04pm On Sep 12, 2020 |
IS the attached screenshot really the investment one website? I am asking because it looks like something done using Dreamweaver by a beginner website designer.
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Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:09pm On Sep 12, 2020 |
Lazyyouth4u: You tried defending them, but I won't buy that Current liabilities increased from N6.5 billion in 2013 to N172 billion in 2017. Non current liabilities increased from zero in 2013 to N40 billion in 2017. Total liabilities now increased from just N6.5 billion in 2013 to N212 billion in 2017. In short they have raped and killed this company. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 9:53pm On Sep 12, 2020 |
emmanuelewumi:Sir, the company was acquired in 2013 and that is why you will find the non current liabilities (loans) growing from zero in that year to N40bn in 2017. The current liabilities as I mentioned earlier is the money owed to NBET which is understandable. How can they pay NBET when they are not even making money from collections? The investors paid billions of Naira to the FGN for 60% of the company. We all agree they over paid. Why would Sahara Group and Korea Electric Company pay so much money to buy majority shares in a company only to turn around and ‘rape and kill the company’? Would you? |
Re: Treasury Bills In Nigeria by richforever123: 9:59pm On Sep 12, 2020 |
Grupo: ![]() ![]() ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by Grupo(m): 10:07pm On Sep 12, 2020 |
richforever123: I have been seeing a lot of red flags on their site. Maybe I'm just being paranoid. |
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