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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4686289 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 CircleOfWilis: 11:41am On Feb 21, 2021 |
Lazyyouth4u:U dey mind my Oga Emma abi...?Na generational wealth o, Someone whose grandma has multiple rental apartments....He isn't starting from the scratch. Infact investment ideas and what have u is a congenitally acquired thing. Imagine how the man dey dish out business ideas flawlessly ,u think say na recently acquired knowledge? 10 Likes
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Re: Treasury Bills In Nigeria by SeaTrade(m): 11:41am On Feb 21, 2021 |
Lazyyouth4u:You can, I got a 17m offer during beginning of lockdown last year for 17m and even to pay in installments. It was on the island and I think was a 3 bedroom flat in a block of flats. I think I mentioned it here self and funny enough the realtor never stopped calling and she was already serving me her pussy as a bonus if I had bought the property. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:42am On Feb 21, 2021 |
Lazyyouth4u: Nothing is impossible ooooo. Just have your cash and pray for grace/favour. A property a block of 4, 3 bedroom flat worth N40 million was sold for N25 million, because the owner was relocating to Canada and needed cash immediately. Very possible he spent less than N10 million when he built the house. If you are liquid, you can always get opportunities. UPDC is also selling their apartments around Festac for roughly N20 million 10 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:43am On Feb 21, 2021 |
ahiboilandgas: Just partly furnished around Allen. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:44am On Feb 21, 2021 |
LagosInter: Some are as high as N1 million per annum |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:45am On Feb 21, 2021 |
LagosInter: That means you are not married. A family man can't stay in a bedroom apartment 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:53am On Feb 21, 2021 |
emmanuelewumi: Yes, not yet. I used to do tbills, but since rates reduced, I have no interest there anymore. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:55am On Feb 21, 2021 |
LagosInter:am not a fan of rental property sha especially the once that have been over priced or has slow growth potential...or the once built for profit already... I luv developing area with growth rate above fixed income rate....200 percent on 5 years type ...so if it was me i will fix the 17m on a fgn bond at 12 to generate 2m yearly and pay the rent of 600k to the Landlord...i will also keep 1m yearly to equate the potential increase in the value of the property so when am exiting Lagos in 2031 I will have 10m +17m=27m liquid the propety will not move to 27m by 2031....zero headaches 17 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:57am On Feb 21, 2021 |
LagosInter: Just be careful sha when buying apartments. There are usually monthly/annual fees charged by the building management for the upkeep of the building as well as security and maintenance. And these charges can be substantial. Also, bear in mind that in Naija (currently), apartments are not as liquid as standalone houses when you decide to sell so they don’t appreciate that much in price compared to standalone houses. When people hammer, na house them wan buy o. Not flat If you have a good source of income and just want to be living there, it may not be that bad. But do a quick math first. If you decided to rent a nice one bedroom apartment for yourself in that area instead, how much would it cost you annually? Probably much cheaper than 1m If it is for rental income, can you find a tenant that will pay you up to 2m (for a one bedroom flat) plus the service charges of the building? Probably not. You may just be better off keeping that money in FGN bonds 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:01pm On Feb 21, 2021 |
ahiboilandgas: You can't get FG bonds at 12% now, but you can get from 8% to 10%.. You will have more than N30 million in 2031. You didn't calculate the interest on the N1 million you are keeping by the side every year The guy want to answer landlord ni, he go hear am soon. If he must invest in that property, he must have a minimum of another N10 million left with him in liquid cash. 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:04pm On Feb 21, 2021 |
emmanuelewumi:with rate on the upward swing...u can.. 1 Like |
Re: Treasury Bills In Nigeria by lavylilly: 12:42pm On Feb 21, 2021 |
CircleOfWilis:amYou forgot to add the school business from the father. |
Re: Treasury Bills In Nigeria by lavylilly: 12:46pm On Feb 21, 2021 |
emmanuelewumi:Says who? Those staying in Face-me-I-slap-you are what? 2 Likes |
Re: Treasury Bills In Nigeria by lavylilly: 12:48pm On Feb 21, 2021 |
ahiboilandgas:Badagry, Epe, Ijaniki |
Re: Treasury Bills In Nigeria by lavylilly: 12:51pm On Feb 21, 2021 |
emmanuelewumi:How? If you have paying tenants who work in banks, audit firms, or multinationals he would get his profit in less than 5 yrs |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:56pm On Feb 21, 2021 |
lavylilly: People are on 60% or lower pay for the past 10 months. Real Estate might not be the best alternative for a cash flow Investor at this point in time. With my due diligence, I am currently operating at 70% capacity as per expected income. The income are even coming in arrears instead of advance, but better than others. I am better off with cash flow from SFS REIT and UPDC REIT than from rental income. 3 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 12:57pm On Feb 21, 2021 |
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Re: Treasury Bills In Nigeria by ahiboilandgas: 12:59pm On Feb 21, 2021 |
lavylilly:i no dey for omonile ... 1 Like |
Re: Treasury Bills In Nigeria by lavylilly: 1:00pm On Feb 21, 2021 |
ositadima1:use P2P |
Re: Treasury Bills In Nigeria by lavylilly: 1:01pm On Feb 21, 2021 |
ahiboilandgas:so where do you suggest? |
Re: Treasury Bills In Nigeria by ositadima1(m): 1:02pm On Feb 21, 2021 |
lavylilly: They have facilitated scammers. If u use P2P without a solid escrow, u are on ur own. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:03pm On Feb 21, 2021 |
lavylilly:out side where omonile operates in Nigeria ..if u have strength then it ok. I can't be paying some nusaince...development fees ,foundation fees ,beer fees as a investor... 2 Likes |
Re: Treasury Bills In Nigeria by yazga: 1:10pm On Feb 21, 2021 |
ahiboilandgas:Oga! E get where omoonile no dey for Nigeria, even when you buy a new property in Lagos, you go buy Baale drink, drop something for boys wey dey help you watch the place. |
Re: Treasury Bills In Nigeria by yazga: 1:11pm On Feb 21, 2021 |
ositadima1:This is not true, I have used P2P countless times since the ban. |
Re: Treasury Bills In Nigeria by Nobody: 1:14pm On Feb 21, 2021 |
yazga: That’s why some people pay more to buy in estates. Let the estate management deal with the omoonile wahala. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 1:18pm On Feb 21, 2021 |
emmanuelewumi: Boss, maybe you are operating at 70% capacity because you dey find tenants wey husband and wife dey work Relax this requirement to one spouse and you may just hit 100% in no time. Correct employers are still paying 100% pre-Covid salaries o 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 1:24pm On Feb 21, 2021 |
emmanuelewumi: Why not sir? Husband and wife in the room then one or two kids for parlour. Kids even like it sef. Dem go watch tv and play game wella till momo 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 1:32pm On Feb 21, 2021 |
emmanuelewumi: You are right but in my opinion, Festac area is not a prime location. Are people paying for those UPDC apartments? Are they sold out? |
Re: Treasury Bills In Nigeria by akinola98: 1:37pm On Feb 21, 2021 |
emmanuelewumi: Pls how do u invest in the SFS REIT and UPDC REIT ?? and what are their advantages over rental property income ?? . Thanks |
Re: Treasury Bills In Nigeria by NL1960: 1:46pm On Feb 21, 2021 |
Donbrig: Are these amounts location specific?. What if i live in a city like Benin, Ibadan, Ilorin etc that is not that expensive?. |
Re: Treasury Bills In Nigeria by NL1960: 1:50pm On Feb 21, 2021 |
Donbrig: I need to go and show this post to my village people that has been classifying me among the rich and wealthy in the country and to all those that have been telling me that they are rich and wealthy. 1 Like |
Re: Treasury Bills In Nigeria by DigitalMallam: 1:52pm On Feb 21, 2021 |
emmanuelewumi:Do you have the details of how I can get the bolded, contact or Link |
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