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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: 8:14am On Dec 10, 2020 |
The Nigerian human resource in action ....after getting work in shell with Good pay ...next is how to kill the firm ....by encouragingly pipe destruction for personal gains 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:20am On Dec 10, 2020 |
In flour milling companies in Nigeria there are failed production called damage this normally gather and evacuated as waste .. (but can be sold ) at around 800k per truck ....Managers found out in connivance with production manager trigger production line issue baam we have tonnes of damages ( na senior management weekend money )...failed production keep increasing untill Turkish engineer where brought in and only the Turkish m.d can approve allocation of damage spaghetti.....damage production done dissapper..... 6 Likes |
Re: Treasury Bills In Nigeria by Xray65: 8:20am On Dec 10, 2020 |
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Re: Treasury Bills In Nigeria by DexterousOne(m): 8:56am On Dec 10, 2020 |
ahiboilandgas: Short sightedness of a typical black man. That sums this all up Instant gratification at the expense of your future 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:56am On Dec 10, 2020 |
Lazyyouth4u: We don't make a lot of money, we have the potential to make a lot of money. But we need money in order to turn the potential money to kinetic money. $400 billion ie N160 Trillion for 200 million Nigerians will give us a per capital of about $2000 or 800k which is still poor. Our huge population is a major limiting factor and people are still birthing children like rabbits 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:05am On Dec 10, 2020 |
Lazyyouth4u: If get money wey no fit go round, wetin we go call that? If you target any product or services that are consumed by the poor, you will make money. You wonder why religion, Ponzis and fast moving goods are moving fast. You can buy minimum of N100 worth of airtime, MTN and Airtel are generating revenues of hundreds of billions and Trillions of Naira. UAC Property Development Company will sell a housing for a minimum of N60 million for the past 5 years they have been struggling to generate N6 billion revenue or sell 80 housing units. Could not make profit in the last 6 years. Let UAC Property Development Company carry out the necessary research and build housing units with an average selling price of N10 million and below if their revenue won't triple 9 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:05am On Dec 10, 2020 |
ahiboilandgas: And when Shell now leaves the country, they will start blaming Buhari. Warri, a once thriving city is now on the rapid decline with so much unemployment. When the people there were sabotaging the IOCs just for a few gains, they thought they were doing the IOCs. They are now begging the IOCs to come back. |
Re: Treasury Bills In Nigeria by maishai: 9:14am On Dec 10, 2020 |
ahiboilandgas: This is one of the biggest problems in management How to align management goals with owners goals Till today the best Nugerians have gotten in solving this problem is bringing in foreigners whose social inclinations are to their home countries......... The developed world is littered with all manners of award and recognition for people to strive for Take flour milling for example there is no recognizable award yearly for the flour milling champion. That cuts across d industry.....an award newly recruited millers can look up and be like " I want to be like that someday"........ Rather everybody's eyes is set on money therefore why wait for salary when one can induce damages and get his cut............ Nigerian leaders should start recognizing competence especially among indigenous folks instead of being afraid of it 4 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:19am On Dec 10, 2020 |
emmanuelewumi: Property developers that have moved from developing duplexes to semi-detached duplexes are making way more than those building duplexes. When cowbell came and was making sachet milk at a low price for the poor, the likes of Peak Milk started laughing at them. Now even Milk Peak is into making milk in sachets. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:19am On Dec 10, 2020 |
emmanuelewumi:If it was that easy to make money there, why not put all your money directly in those sectors and come back to tell us how you have made huge returns? I’m not talking about buying shares in those companies that control the markets. I’m talking about going there to set up businesses to make the money directly by manufacturing and selling products that cater to the poor When the playing field is not level and a few huge businesses control the markets (with lots of help from the government), ordinary entrepreneurs will struggle to compete in that market. It doesn’t matter if they are selling to the rich or the poor. The Nigerian business environment is not as easy or as straightforward as implied in the bolded statement. But this is another story for another day... 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:30am On Dec 10, 2020 |
NL1960: Any product and services that the poor can afford will make make money in a poor country. Making huge money in a poor country like Nigeria does not make Nigeria a rich or a financially independent country. People are still making money in Maiduguri even in the midst of poverty and insecurity in the town 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:33am On Dec 10, 2020 |
NL1960: UAC Property Development Company does that, they build apartments. The studio flat (a room apartment) at the "Residence" is going for about N30 million 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:46am On Dec 10, 2020 |
emmanuelewumi: That's true Selling high volume at a low margins to poor people will make you rich in a country like Nigeria High population Many poor people |
Re: Treasury Bills In Nigeria by Nobody: 9:48am On Dec 10, 2020 |
emmanuelewumi:If oil majors, telecoms companies and other multinationals along with our few billionaires are pulling out billions of dollars every year, it means that there is money in the country. There is a reason why they kill themselves to come here and not to poor countries like Somalia, Gambia or Sierra Leone. If government wasn’t so corrupt and could slow the population growth rate while making the business environment more conducive to foster fair competition (and not allowing just a few individuals to be cashing out consistently), we will see more equitable distribution of the wealth and the changes in our standard of living. 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:49am On Dec 10, 2020 |
DexterousOne: N20 mark up on 2 million units of a product sold annually is N40m in net profits Weed sellers understand the power of volume Though that space is now getting choked because of competitors Just saying |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:00am On Dec 10, 2020 |
Lazyyouth4u: There is money everywhere depending on your skills, tools, knowledge, advantages, connections, family history. Meaning one can still make money in a poor community, there are villagers who are making more money than those in the cities that doesn't mean that the village environment is richer or has more potential for prosperity than in the city. The father of my room mate in the University was a cocoa farmer based in Ondo State. As a farmer the man had 8 houses in Lagos then, the son who graduated as an Accountant has equally taken to cocoa farming after working for few years. Does that mean that village in Ondo State is rich. We should not equate making money in an environment to concluding that such an environment is rich. My opinion though 7 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:17am On Dec 10, 2020 |
Grupo: Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources? Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit. Essentially rich countries are rich because they know how to create wealth. Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats). Contrary to other view points, Nigeria is actually a rich country that lacks innovation. Population is not the problem. How does a country become innovative? Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education. 2 Likes |
Re: Treasury Bills In Nigeria by Eddee(m): 10:18am On Dec 10, 2020 |
Lazyyouth4u: You’re wasting your breathe arguing with paper tigers. I usually don’t suffer people who can’t put their money (assuming they even have) where their mouth is. I’ve lost money (collaborated for a Night Club/Lounge last year and learnt valuable lessons) and I’ve equally made a couple bucks here and there (currently into livestock farming). I still keep a 9-5 on a low! Anybody that wants to be taken seriously has to proffer solutions not constantly whine unnecessarily. 4 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Nobody: 10:22am On Dec 10, 2020 |
emmanuelewumi:I understand that this is your opinion and respect that. But I have mine as well and it is that Nigeria is not a poor country. The wealth just doesn’t go round. The wealth of a nation is the total of all the assets owned by its citizens. Just based on what is reported in the formal sector, Nigeria is the wealthiest African country. Imagine adding the goods and services produced and all the money made in the informal sector? There is a huge volume of formal and informal business activities going on in Nigeria and this does not happen in poor countries. You cannot have people consistently making billions and billions of dollars in a country that is poor. There are all these other countries with many poor people. Burundi, South Sudan, Somalia, Liberia, Sierra Leone, Gambia, Niger, Chad. Why are they not going there to make money from the poor? There’s not a lot of money there. The investors won’t go there. In a sane country where all these huge foreign corporations and few Nigerian business men are making billions and billions of dollars, there is no way the government isn’t making its own share of taxes, dividends, JV income and other remittances. It is our population, bad corrupt leaders and inequitable distribution of wealth that makes the citizens so poor. The gap between those mega rich people and the very poor is so so so WIDE. My opinion 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by Grupo(m): 10:54am On Dec 10, 2020 |
jajeri3216: I have the potential to become bill gates if I utilize my brain (which I already have, buried in my skull) and brush up my computer programming skills to create a global software like Bill gates did. So you should start calling me a billionaire because I have potentials. Do you see how ridiculous that sounds? I repeat, natural resources are nothing but dirt in the soil. The same way a man's innate potentials are nothing but that until they have been tapped. 14 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:56am On Dec 10, 2020 |
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Re: Treasury Bills In Nigeria by NL1960: 11:09am On Dec 10, 2020 |
Eddee: Did you run it yourself or employed somebody to run it for you?. |
Re: Treasury Bills In Nigeria by Nobody: 11:11am On Dec 10, 2020 |
Grupo: True, rich in natural wealth, poor in mind and spirit(materialism and excessive consumerism with little attempt at creating/producing). The bane of the Nigerian man. We simply don't have the brain power as a group and not interested in developing it. 5 Likes |
Re: Treasury Bills In Nigeria by Eddee(m): 11:17am On Dec 10, 2020 |
NL1960: Long story- we went throught five or six managers in nine months, last one stayed the course til the very end. We are results based, we hire you, you get a budget (everything from endorsement with Henessey to runs with Jameson) to turn things around and you get a timeline. Fail and we move on immediately, might look like a knee jerk approach to running a business. But a club is just no ordinary business unless you use it to clean money. We cut our losses after a year and moved on, so many valuable lessons learnt with regards to actually running a business that depends on people (staff, customers, promoters) ’showing up’ |
Re: Treasury Bills In Nigeria by DexterousOne(m): 11:23am On Dec 10, 2020 |
jajeri3216: Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources? The answer is NO... Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit. Rich country buys commodities and ADD VALUE to them That's true However you will agree with me that regardless of how much the commodities sell, the very fact that value was added to it, the commodity seller will always have the short end of the stick Essentially rich countries are rich because they know how to create wealth. True They know how to CREATE AND DEFEND THEIR WEALTH Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats). Nothing stop commodity exporters from forming cartels OPEC did it and succeeded Other commodities with inelastic demand can also fo same But that in itself wont be enough Poor countries are poor largely because they cannot create wealth, nor understand the rules to doing so Population is not the problem. Our Population GROWTH RATE is a serious problem The population already here is not much of a problem in comparison with the population GROWTH RATE With the rampant growth rate It's an economic disaster Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education. Correct |
Re: Treasury Bills In Nigeria by NL1960: 11:28am On Dec 10, 2020 |
Eddee: Mind to share these valuable lessons?. |
Re: Treasury Bills In Nigeria by ositadiima1: 11:31am On Dec 10, 2020 |
Lazyyouth4u: Why making all these excuses? Nigerias GDP is higher than Finland, Israel, Ireland to name a few and yet thousands of Nigerians leave Nigeria to go and do manual jobs in these same countries. Why not the other way round nah? I don't know what you think wealth is, but if the standard of living of the average man is below par, how can you call that country wealthy. Apart from oil and gas which other foreign corporations are in Nigeria making it big, raking in billions? Don't mention telecom sector because it is in every country poor and rich. |
Re: Treasury Bills In Nigeria by Eddee(m): 11:52am On Dec 10, 2020 |
NL1960: Why not. For clubs - size does matter, the smaller the better. Our space was just too big, makes it very difficult to fill up on ‘dry days’ and boy there are many dry days. Operating cost/Working Capital - No Light (this one is a serious problem). when business doesn’t go as planned, the moral thing to do is not owe people. We didn’t reduce salaries like other competitors did and we paid the highest. We downsized but in the end we had to pull the plug so we don’t owe or reduce people’s means of livelihoods. As someone with considerable experience in Finance, we had long term framework agreements so we didn’t have supply related challenges (diesel, drinks, food etc). But we just couldn’t break-even. Taxes - need I say more. Biggest challenge for Nigerian businesses is double-taxation. But this isn’t a problem if you file properly and are willing to visit your area tax office often instead of dealing with middlemen/agents and help them with the calculation if necessary. Target market - our greatest undoing. We underestimated the loyalty points existing businesses had built in our chosen niche and their attendant reach and we paid dearly. 7 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Cyberknight: 12:10pm On Dec 10, 2020 |
NL1960: My brother, Warri is a microcosm of the Nigerian failure. When they were doing all the nonsense kidnapping and other crap, they thought the IOCs had no choice but to put up with it because "money dey here na". Now look at the place. It's a shadow of its former self, just like Nigeria as well, and on the way to obscurity and irrelevance except as a case study in How Not to Shoot Yourself in the Foot, most probably just like Nigeria as well. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 12:11pm On Dec 10, 2020 |
DexterousOne: If Nigeria has a social protection system I'd agree that the population is a problem, but it doesn't. Once again population is not the issue. |
Re: Treasury Bills In Nigeria by RayRay06677(m): 12:12pm On Dec 10, 2020 |
thattnaijaman: Please is this reopening or a new bond |
Re: Treasury Bills In Nigeria by Nobody: 12:12pm On Dec 10, 2020 |
ositadiima1:What excuses? Are you even reading my comments well? Let me try to simplify for you. Your father is wealthy and has 60 wives and 600 children. Does it mean that you and all your 599 siblings will be living a good life? Go and ask children of rich polygamous men if you don’t know how it works. Also, If you and some of your brothers and sisters leave your papa house to search for greener pastures on your own by picking menial jobs in another man’s company where the pay is decent and you can live a better life than you were living in your papa polygamous home (where only the children of your papa first wife are enjoying and controlling the wealth), does it mean your father is poor? Anyhow, this is my opinion. I understand you don’t agree with it. So please let’s move on. 5 Likes 1 Share |
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