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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4596945 Views)
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Re: Treasury Bills In Nigeria by ahiboilandgas: 9:59am On Mar 01, 2021 |
Dangote cheif strategies is proposing back integration schemes for oil refinery...meaning only companies that are currently buiding refineries should be allow to import petroleum product into Nigeria ....this has been his strategy to coner ever markets he jumps into ( in the guise of local production capacity) to create monopoly or oligopoly...used same for sugar and cements now proposing same for refinery......i visited the refinery projects recently and I observed that the company was more interested in finishing the depots ,loading gantry and access road and Jetty ....with a 60m litre capacity completed....they have 3 companies in the location...Dangote refinery (40 peecent completed ) dangote product marketing company ( completed ) and dangote fertilizer (complete)....the dangote petroluem marketing company is suppose to buy refine products from Dangote refinery and sell for profit.... and can source for products any where in the world....so since the refinery is not yet ready they can't wait f they will start by importing this year..... (This a decoy) since the enough depot and stations and vessel own by dapman and ipman member and non is building a refinery currently if the govt accept the back ward integration then only dangote product marketing company will monopolized the 1 trillion naira hyrocarbon markets 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:04am On Mar 01, 2021 |
He can easy achieve this with the way the Cbn and the Nigeria state is banking on the dangote refinery as the only saviour.....the cash flow from the DPMC will be used to complete the refinery ( fractionating colums) .....while ever other player in the down stream must buy from DPMC ......this a strategy in business to used Govt regulation to crate a monopoly or capital entry requirement (which must player cannot arrangements..) even B.U.A will take over a 10 years to catch up... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:11am On Mar 01, 2021 |
The Moman members missed this huge oppurtunity especially total and mobil and Texaco that had the capacity to build refineries even if it was 50 k barrels....but they kept crying like babies and could not see what dangote saw ...they wanted subsidies removed ,price deregulated and was importing and collecting subsidies endlessly of over 13 bn dollars now the master is about to become slave or get exterminated by dangote group while indigenous marketers have battle oil Major hand down in the down stream sector and are declaring loss up and down ..AA rano ,shafa,rain oil,enyo,falawiyo shema are beating them black blue in the marketing down stream the fate of burharm cement awaits them.... |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:29am On Mar 01, 2021 |
ahiboilandgas: They are foreign owned companies, they don't believe in Nigeria.. We can see how Dangote Cement and BUA Cement overtook Lafarge.. Unilever and PZ have been struggling to be profitable for about 3 years, they need to learn somethings from the Asian owned fast moving consumer companies in Nigeria. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:30am On Mar 01, 2021 |
Indigenous marketers can fight back....the i trillion markets is there .....they can't fight dangote group individually but can collectively by floating their own refinery company no be B.a.u suppose to dey announce another 200k barrel is supposed Atieo and others ....they can come up with 50m dollars each and arrange fiance to have their own 100k barrels refinery....the have the depots ,they have the trucks they have the stations in strategic areas and the work expirence....which dangote lack now ... 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:33am On Mar 01, 2021 |
emmanuelewumi:i tire for their matter one Asian just came in establish his factory viva detergent ....boom it giving unilever and p.z sleepless Nights infact the quality of his detergent is rising and capturing markets share....meanwhile p.z and unilever are complaining of unfavourable economy...MR Lee has been producing bathroom slippers in kano for the past 50 years the lee group .... |
Re: Treasury Bills In Nigeria by stevemims(m): 10:34am On Mar 01, 2021 |
This is why an average Nigerian thinks that Dangote and his cohorts are always favoured by the political class. The same economic policy and strategy failed woefully during OBJ's regime. I won't be surprised if his wish is granted, after all, he has developed the capacity to command such. However, it's just sad that there are no real economic models to drive the growth of this nation, na just so so plug plug. And of course, I agree with your other points about how other players and actors should have taken the step to do what Dangote is doing. Now that he has done it, he wants no competition. But what's a market without competition? ahiboilandgas: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:40am On Mar 01, 2021 |
stevemims:it actually succeeded in cement but at a horrible cost ...cements now costly 3300 and unaffordable but available ....in the 90s their used to be cements racket in govt owned plant ....u can sell your allocations and collect rent sharp sharp if u know a big man in Nigeria ....but now we have reach capacity and no scarcity but unaffordable..and they are during same for sugar gradually .....but it very unfair ....obj was convinced by the group of tony elemelu dangote,otedola and other s that that the south Korean and Singaporean models....few big players 1 Like |
Re: Treasury Bills In Nigeria by stevemims(m): 10:50am On Mar 01, 2021 |
That's the point my oga, these guys are businessmen, their profit comes first before patriotism, OBJ had the likes of a young bright Pat Utomi as an economic adviser but couldn't figure that it's only a matter of time before such policy backfires. The price of cement skyrocketed to 4400-4500 towards the end of 2020, it's been on that path since the end of January 2021. Naija na very unique nation sha. ahiboilandgas: |
Re: Treasury Bills In Nigeria by skydiver01: 10:53am On Mar 01, 2021 |
Would anyone want to guess what the price of PMS would be when Dangote's refinery comes on-stream? ![]() ahiboilandgas: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:56am On Mar 01, 2021 |
skydiver01:na die from his history ...after creating the monopoly must Nigeria might end up buying bikes like since in benin republic .. |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:12am On Mar 01, 2021 |
ahiboilandgas:They will die las las... Everyone will dump their modern cars like C300 and lexus and start buying 1.6l cars like the 98 Avensis and so on... Middle class will start flying bikes to work too ,that's when they will know Nigerians were really poor people and all their lifestyle was backed by government subsidies. Not also forgetting high cost price of modern cars due to weak naira and the resultant inflation of general commodity due to high prices of hydrocarbon and in turn the diminish of purchasing power by the populace , Everyone will now start wearing Okrika clothes and shoes ,Tea will become luxury and middle class will start eating beans and bread for breakfast, Associated industries will collapse also leading to massive unemployment, Smuggling will be at an all time high and ladies and gentlemen,that's when Nigeria has fallen to the level of CEMAC countries like Cameroon ,Congo,Gabon,Equitorial guinea ,etc.. Also ,education will become useless and Embassies will be cashing out at an all time high because everyone will want to leave at once. Not forgetting that the alumajiri will starve to death and 80% of the North will die of hunger and diseases since free money and subsidised commodities of goment won't be there no more and insecurity will die a natural death since oligarch will no longer be able to fund them as they would have other priorities ![]() I go leave the shithole for una then and take my business to Niger and join muslims and be living like a monk and embrace the pauper lifestyle. Up dangote!!!Can't wait for this to happen, ![]() ![]() ![]() Also don't forget you stock market will crash and render you penniless. ![]() All your stocks will turn to penny stock,Aje. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:18am On Mar 01, 2021 |
stevemims: BUA is building his refinery. The promoters of Orient Refinery got their license more 15 years ago, but have not done anything about it |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:20am On Mar 01, 2021 |
ahiboilandgas: I bought cement for N3500 as far back as 2010 . BUA Cement and Lafarge should use penetrating strategy to acquire the 60% market share from Dangote if they are serious. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:23am On Mar 01, 2021 |
ahiboilandgas: Even almighty Nestle has been paying dividends from their reserves for the past 2 years |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:26am On Mar 01, 2021 |
https://www.nairaland.com/6438649/northern-tomato-farmers-traders-lose#99506629 I thought they had balls? ![]() ![]() I said let me see how impoverished people like Niger,Cameroon and so on will replace the market they have in southern Nigeria. People that leave their countries to smuggle foodstuff and cocoa beans from their countries to Southern Nigeria to cash out are the people aboki want to go and sell their foodstuff to? ![]() If the south know what is good for them,they should enforce and insist on this blockade and deny northerners the chance to come and sell in the South until they eradicate banditry and end herdsmen crises. You will see that time all this nonsense will end,because they all know who these bandits and killer herdsmen are and their hideouts and are the ones even supporting them morally and to some extent financially. Because their interest have been attacked, they will start fighting themselves in the north and will wipe out all those unscrupulous elements they use to support,so that they can get that access to sell in the south again. God bless Rothschild for introducing capitalism to this planet,Aje ![]() 8 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 11:27am On Mar 01, 2021 |
Are you being sarcastic? I thought you were a major proponent of an open market run only by the private sector? Wasn't this what you always wanted but you assured us it was for the better but now you are predicting doom, what changed? SeaTrade: |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:30am On Mar 01, 2021 |
ojesymsym:Because the fulani in government think they can twist capitalism to favour their brother at the detriment of others,not knowing they are shooting themselves the foot. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:35am On Mar 01, 2021 |
SeaTrade:...i can clearly see signs with the 48 kilo watts per hours electricty people cannot on A.c any how again....a director had to change back to estimated billing of 50k per months cos the prepaid was consuming 150 per months...... 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:38am On Mar 01, 2021 |
emmanuelewumi:with the endless devaluation their products are now very costly Nido family almost 10k while low quality brand are replacing them sharply |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:39am On Mar 01, 2021 |
ahiboilandgas:Yes na,A/C will be very big luxury that time ooo,na Handfan directors of all these one man companies go dey use that time because price of diesel will also jump too so no more steady lister,Aje ![]() In naija lower middle class on 300k/month dey get 3 AC for house and they are even complaining,make them wait till dangote do wetin dey him mind first,Aje ![]() Na for floor them go dey sleep with windows open at night and rust go catch those ACs due to high running costs and subsequent inflation that will make that 300k monthly income worthless. And don't also forget that salaries will drop too when this happens because the overhead for companies will be very high,leading to low pay and massive job losses. ![]() |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:39am On Mar 01, 2021 |
emmanuelewumi:i doubt if they can they don't have the volumes 20 m metric tonnes vs 11 |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:41am On Mar 01, 2021 |
SeaTrade:u be alarmist sha ....500bn dollars economy cannot be as broke as u discrib |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:45am On Mar 01, 2021 |
ahiboilandgas:Who told you that that time the economy will still be at 500bn? Something that will crash due to high running cost of industries and decrease purchasing power of the people that can no longer patronise these industry products leading to lots of them closing up and the ones that manage to stay afloat will be almost redundant ![]() It's like a lot of people don't know that its hydrocarbon that determines the fate of an economy,worse still for an economy that has no alternative source of power except hydrocarbon like Nigeria. Aje ![]() |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:48am On Mar 01, 2021 |
SeaTrade:the GDP contribution from hydrocarbon is low compared to Agriculture and service industry....dont am twist things hyrocarbon na for forex and govt spending ....that you wine business wil also go down cos wine na luxury it will be replaced with local fura and burukutu 2 Likes |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:50am On Mar 01, 2021 |
ahiboilandgas:You don't understand,I am not talking crude. I am talking petroleum products. If prices of petroleum gets too high,price of trucking that your agricultural produce to the markets will jump by 300% making the industry almost futile and it will collapse,let alone industries that run on diesel to produce. Watch and see,Aje ![]() |
Re: Treasury Bills In Nigeria by stevemims(m): 11:50am On Mar 01, 2021 |
Yes, I read about that and it's a good development. It's not surprising, he does whatever Dangote puts his money on. But BUA's position on regulating and having a uniform price for cement should be applauded. emmanuelewumi: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:52am On Mar 01, 2021 |
SeaTrade:we go use donkeys and trains to get it delivered at lower cost .... |
Re: Treasury Bills In Nigeria by SeaTrade(m): 11:58am On Mar 01, 2021 |
ahiboilandgas:Lol haha ,with donkeys before your farm produce want reach market,3/4 don rotten because it's very slow. And we don't have enough rails in all directions to cover the distribution channels of those products ,so you need trucks whether you like it or not. Besides the trains too run on diesel,not electric,so cost will still be high. And don't forget there isn't enough standard gauge tracks in Nigeria despite the few rails available,which means trains are still very slow and that slow delivery time will kill business, Aje ![]() You have no alternatives ,sadly. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:33pm On Mar 01, 2021 |
SeaTrade:it impossible not to have alternatives...that defeatism....a big flaws in the mind of investor ....once their is opportunity money must be made .....ibo guys are already trooping to the North to buy the items the northern traders refuse to move down south....their no law or union that can stop any Nigeria from buying tomatos,carrots and sell in Lagos ....like 25 j5 buses are arriving mile 12 markets today .... |
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