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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615531 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 TransAtlanticEx(m): 9:41am On Sep 13, 2020 |
YoungDaNaval:You are my friend,be very careful with that thing. I can't lie to you. 1 Like |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 9:43am On Sep 13, 2020 |
TransAtlanticEx:Ego ka anyi ji achu ego my guy. Happy Sunday ![]() |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:43am On Sep 13, 2020 |
Afr0mentalist:Well true,I agree with you that the central bank should be independent,but it is very hard to maintain that stance. Politics is very powerful ooo bros. |
Re: Treasury Bills In Nigeria by seankafor(m): 9:44am On Sep 13, 2020 |
RayRay06677:as one man once told me.. "I like your belief" |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:44am On Sep 13, 2020 |
YoungDaNaval:Great!so long as you know the risks then no shaking. Happy sunday. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:45am On Sep 13, 2020 |
Lazyyouth4u: $150 million was N27 billion when they made the investment at N180 to $1. Meaning the whole business was valued at N45 billion in 2013. A business with revenue of about N100 billion , but with recorded revenue of N65 billion for 7 years. The core Investor earning management service fees of about N800 million. Non technical employee cost of over N5 billion for the past 7 years, while technical workers employee cost is just 10% of that. Who does that? A DISCO needs more of engineers and technicians, than marketers, lawyers, accountants and admin workers. Forget it, anything can happen with creative accounting. 2 Likes |
Re: Treasury Bills In Nigeria by Afr0mentalist: 9:49am On Sep 13, 2020 |
TransAtlanticEx:In most advanced and capitalistic countries it is to a very large extent. You know what happens in shitholes like Nigeria and other African countries ? Come election Time, the political leadership make moves to increase the money mass so as to have additional liquidity for their bribing and elections aims. With the direct consequence that after elections the following economic semesters are usually met with higher inflation and contraction of the economy. This is just one example of how a servile central bank brings ruin to an economy. A president should have no power to direct The policy of a central bank governor. 2 Likes |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 9:52am On Sep 13, 2020 |
seankafor:Darlington my boy. Success in your just concluded waec exams. Hope you registered for neck too ![]() |
Re: Treasury Bills In Nigeria by Nobody: 9:56am On Sep 13, 2020 |
I bow o but I don’t care to be honest. I think they both had an issue and she didn’t want to quote the original post and decided to quote the one where he was ‘attacking’ me. Afr0mentalist: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:56am On Sep 13, 2020 |
Afr0mentalist:I am not in support of politics having influence over the central bank,you know this. But I was just pointing out to how difficult it would be for the 2 entities to be mutually exclusive. One will always influence the other,just that in Africa it is worse and the sovereignty of their respective central banks are greatly compromised. 1 Like |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 9:58am On Sep 13, 2020 |
TransAtlanticEx:Every business is a risk bro. I stocked up my late dad's shop with 1m and put my youngest bro there to be in charge of it. Could you believe when I returned from work in a space of 6months I found the shop empty ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 10:05am On Sep 13, 2020 |
YoungDaNaval:To put money in any business and sit back is always bad. Sorry about your loss. |
Re: Treasury Bills In Nigeria by pluto09(m): 10:06am On Sep 13, 2020 |
RayRay06677: As a fundamentalist, you spend less time doing stock analysis. You are less concerned with day to day movement of stock prices. You only get busy when companies release their quarterly/ annual reports. Most of us on NSEMPA also have our full time job,the most important thing is the interest. By the way,I also lost money just like many others in stocks back in 2007/08. By seeking knowledge, I have recovered what I lost in many folds. 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:08am On Sep 13, 2020 |
Sir, how do you know they made revenue of about N100 billion and only recorded N65 billion over the 7 years? Is that just an assumption or based on facts? ![]() I get the point you are making about creative accounting sha. Only time will tell. By the way, I think CBN got involved in their collections because of the loans they gave to the DISCOs. emmanuelewumi: |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 10:09am On Sep 13, 2020 |
TransAtlanticEx:So what would you suggest to someone with the nature of my job nna ![]() |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 10:11am On Sep 13, 2020 |
YoungDaNaval:Buy land inside town and use your money build commercial house,e get why ![]() 30m go fit run this package,it looks impossible but when you start,everything will fall into place. 3 Likes |
Re: Treasury Bills In Nigeria by Afr0mentalist: 10:11am On Sep 13, 2020 |
Lazyyouth4u:What original issue and which original post ? TransatlanticEx never quoted her and she specifically referred to this here conversation / issue of Ponzi. Maybe you are her are one and the same, maybe you are not, but at this point and given the fact evidence available you can’t blame people for believing you are one and the same with that Lady Enyinne. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:19am On Sep 13, 2020 |
I have no idea what their original issue was and I don’t care to be honest. You have a very fair point sha. But I have said we are not the same person. People can go ahead and believe what ever they want to believe ![]() Afr0mentalist: 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 10:35am On Sep 13, 2020 |
Mr TransatlanticEx, would you be kind enough to help clear up this small puzzle. What other post (perhaps in another thread) was ezinne referring to? Afr0mentalist: 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 10:55am On Sep 13, 2020 |
Have you seen this? If Dangote and BUA refineries are going to succeed, the NNPC refineries may not be attractive to investors. https://nairametrics.com/2020/09/01/bua-group-chooses-french-giant-axen-for-its-multibillion-dollar-refinery-project/ emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:24am On Sep 13, 2020 |
Lazyyouth4u: I just read the auditors report. There are doubts on the going concern ability of the company, I am sure that is what is obtainable with all the DISCOs. The business will have to be recapitalized and the shareholding structure will be altered Financial result was audited 12 months after the financial year, this is another red flag. Not a company with an up to date financial records. The 12 months gap gives more than enough room for creative accounting. Companies on the Nigerian Stock Exchange are expected to have an audited report within 3 to 4 months, this is different from the unaudited quarterly reports that are made public 2 weeks after the quarter 2 Likes |
Re: Treasury Bills In Nigeria by RayRay06677(m): 11:34am On Sep 13, 2020 |
pluto09: Hope you will be available to lecture me when am Ready for stocks, for now am going one at a time |
Re: Treasury Bills In Nigeria by Nobody: 11:43am On Sep 13, 2020 |
Does anyone here live in Abuja? |
Re: Treasury Bills In Nigeria by Nobody: 12:32pm On Sep 13, 2020 |
emmanuelewumi:This company is not listed on the NSE and is not obligated to make their financial statements available to the public at all, talk less of within any time frame. Who is the company doing creative accounting for? There are only 3 shareholders in the company who should be on top of goings on in the company. Creative accounting would only make sense for companies listed on the stock exchange where the investing public mainly rely on the financial statements to know how the companies are performing as they cannot be directly involved in the management and governance of the companies. At least we can agree that the DISCOs are not doing well and that the investors have overpaid and are currently not on track to recoup their investments and make returns. For them to start making profits, tariffs have to be adjusted and collections improved. Still not sure how you can confidently say that they have made N100bn in revenues but recorded only N65bn. Maybe you have some inside information. 2 Likes |
Re: Treasury Bills In Nigeria by arduino: 1:37pm On Sep 13, 2020 |
1 Like |
Re: Treasury Bills In Nigeria by pluto09(m): 1:48pm On Sep 13, 2020 |
RayRay06677: When you are ready. In the mean time,there are good books out there you can be playing around with even if you are not ready. Learning is a long life process. All of us are still learning.. 2 Likes |
Re: Treasury Bills In Nigeria by pesty100(m): 2:11pm On Sep 13, 2020 |
V bank is paying 14% per annum on fixed deposits, has anybody here done businesses with them before? |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 2:51pm On Sep 13, 2020 |
arduino:No wahala bro. We move ![]() |
Re: Treasury Bills In Nigeria by RayRay06677(m): 3:09pm On Sep 13, 2020 |
pesty100: Which one is v bank 2 Likes |
Re: Treasury Bills In Nigeria by seyisanya(m): 3:25pm On Sep 13, 2020 |
I'm still confused and find it hard to believe that the Mr. Ray that just emerged is the same as Mr. Barrytone. I had to go back to read all his previous posts that generated tens of likes again, and then the new ones regarding risking ''XYZ'' amount in Forex which he also described as Ponzi himself! Inside life...orisirisi nkan lo n sele ![]() Honestly, ayam not understanding ![]() Someone should wake me up and tell me Mr Ray is an imposter. 14 Likes |
Re: Treasury Bills In Nigeria by Comeandcollect: 3:34pm On Sep 13, 2020 |
It is a bank that was being promoted by Cubana Chiestfpriest around May 2020 and they use to offer 20k when you open account with them. They are a microfinance bank and the fixed deposit rates arre ; 30-60 days - 8.5 % 61 - 90 days - 9.0 % Up to 180 days - 11 % Up to 365 days - 14 % They said they are backed by NDIC. I'm not sure how much cover that gives an investor if they default in paying customers, i think the discussion here a few days ago mentioned N500k, someone should correct or confirm this. RayRay06677: |
Re: Treasury Bills In Nigeria by otomatic(m): 3:45pm On Sep 13, 2020 |
When the currently most profitable bank in naija, ZIB, is giving maximum interest of 0.5% for deposits of 200m and above and 0.4% for anything below, i become suspicious of any MFB offering 14%. Are they a wonder bank? Better park your cash with a regulated asset management company o. 5 Likes |
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