dboss444:


There was a lecture emir sanusi gave how nigerian govt caused recession. Wats your take on that?

With much respect to the Emir, I agree with most of his views but then as Nigerians we need to stop the blame game. That's what we see virtually everyday on Nairaland...the so-called Zombies vs Wailers bull crap. Nobody is discussing issues and creating ideas on how to make things work.

The Emir raised some very important points which aren't much different from what I said in the links posted earlier. You see, a case where we produce a commodity, export it and have the Europeans, Indians or Chinese process it and have it sent back to us will only leave us at the receiving end. And that's where the government needs to step in. Our technology is obsolete, that's why we cannot compete in terms of trade with the Chinese or Europeans. The Chinese were once at this stage we are right now. And what did they do, they sent their citizens abroad to study and learn from the US...now these citizens are back in the country making wave and China is a superpower which it wasn't some sixty or seventy years ago.

Our boys are all over the world doing one MSc course or the other. Why can't the government take away subsidy completely off petroleum products and put it in agriculture and fund research programs like is done in other climes. Let me explain, we don't grow wheat in Nigeria basically because we have swallowed it hook, line and sinker that wheat don't do well in the tropics. But then we saw what the former minister of agriculture Dr Adesina did with the wheat policy. Look, let's not kid ourselves, we cannot continue importing 4million MT of wheat per annum and that figure is rising by 5% annually!! The government and private individuals can set up research labs and fund them to look at how to grow wheat successfully in the tropics and process them to finished products. We can do this basically in all sectors, from hides and skin to groundnut, cotton etc...the list is endless. Just yesterday, I was studying the Malaysian model on oil palm and what they did isn't much different from all I have typed here.

ChessEnthusiast:

14.7% for 140 days. Just bought recently - on Friday precisely.

This must have been bought from the secondary market. The primary market rates were as follows

91 days: 14.3890.

182days: 17.500.

364days: 18.4240.

AkumahTalk:
Almost everything is negotiable. Yesterday I renegotiated a standard hosting payment with my provider (an American company) from USD155.40 to USD107.40 Meanwhile USD155.40 is their official charge (it's listed on their website). I simply told them point blank that I can't pay that amount and I want to terminate and migrate to a cheaper provider. They offered me a discount and I took it.
When it comes to negotiation, I always try my luck. I once tried to negotiate my flight fare with Arik at the airport .

bellville:
Yes they are. I got that info from one of the parents in my son's school and was surprised. There are a lot of backdoor negotiations going on.

kaorama:

Yes very possible. In fact, i did it last time and got more than i planned to get.

Choi!!

Well, when I start raising a family I'll use this knowledge to maximum effect!

kevoh:

I keep hearing T bills? Can you give a summary of what it is about? What is the risk-reward ratio?

How to invest in treasury bills


By Babajide Komolafe

It is one of the safest investment products. Yet many people know little about it. The banks are not also helping matters. They rarely inform or educate their customers about it. And why should they, when it is more expedient for them for the customer to invest his money with them via fixed deposit than investing the money in Treasury bill.

Treasury bills (TBs) are short term government debt instruments. Hence investing or buying TBs is tantamount to lending to government on a short term basis usually below one year. They are issued by the Central Bank of Nigeria (CBN), who is the banker to the government. The government uses TBs to borrow money to finance its expenditure pending receipt of revenue. For example, if the government wants to pay salary for this month, and it is yet to receive the income for the month, it could ask the CBN to help it raise money by selling TBs. The CBN issues the TBs at a specified interest rate, specifying the maturity, usually 91 days (three months).

Though anybody can buy TBs, you have to go through the banks, who act as agents to the CBN.

Also because the banks are mandated to keep a portion of customers deposit in liquid instruments (instruments that can be easily exchange for cash), which is the liquidity ratio; they are the biggest investors in TBs.

In addition to using TBs to borrow money on behalf of the government, the CBN also uses them to control the amount of money in the economy (via the banking system). When the CBN wants to reduce money in the economy (money supply), it sells TBs to the public. The money invested in the TBs automatically leads to reduction in money supply. Also when the CBN wants to increase money supply it buys TBs from the public.

Whenever the CBN issues TBs for any of the above purpose, all or some of the TBs may be purchased. If all the TBs are not purchased, the CBN warehouses the outstanding TBs, and reissue them at a later date. The reissued TBs are called secondary market TBs, while newly issued TBs are called Primary Market TBs. Secondary market TBs are also called OMO (Open Market Operation) TBs

.........................



Would you like to put money aside and earn significant interest returns in only a few weeks or months? You might consider buying treasury bills, a popular and accessible form of investment. You don't have to be rich to afford them, and they are simple and virtually risk-free



Treasury bills, also known as "T-bills," are a security issued by the U.S. government. When you buy one, you are essentially lending money to the government. Here, the term security means any medium used for investment, such as bills, stocks or bonds.

Treasury bills have a face value of a certain amount, which is what they are actually worth. But they are sold for less. For example, a bill may be worth $10,000, but you would buy it for $9,600. Every bill has a specified maturity date, which is when you receive money back. The government then pays you the full price of the bill -- in this case $10,000 -- and you earn $400 from your investment. The amount that you earn is considered interest, or your payment for the loan of your money. The difference between the value of the bill and the amount you pay for it is called the discount rate, and is set as a percentage. In the example above, the discount rate is 4 percent, because $400 is 4 percent of $10,000.

Treasury bills are one of the safest forms of investment in the world because they are backed by the U.S. government. They are considered risk-free. They are also used by many other governments throughout the world.

Read on to find out about the different kinds of treasury bills, how to buy a treasury bill, and why they are so popular.

Source: howstuffswork

olujaidi:


This must have been bought from the secondary market. The primary market rates are as follows

91 days: 14.3890.

182days: 17.500.

364days: 18.4240.








Choi!!

Well, when I start raising a family I'll use this knowledge to maximum effect!

Oh really. Thanks for letting me know. I'll buy from the primary market going forward.

ChessEnthusiast:

Oh really. Thanks for letting me know. I'll buy from the primary market going forward.

https://www.nairaland.com/878880/treasury-bills-nigeria/206

Follow the thread

olujaidi:

https://www.nairaland.com/878880/treasury-bills-nigeria/206
Follow the thread

Nice. Thanks

dboss444:


Please can you give us these information these industralist have so we young would be investors like us can see how we cn walk arround these info and please tell us specific sectors in our economy that would tk off from 2017

Baba how can I give you other people's info?? Truth is such info ain't really difficult to come by. For instance, if Dangote is setting up more cement production plants at the pace he is going, what does that tell you about the real estate sector and housing market?

If Masters Energy is building an industrial cluster in the east, and a fertilizer plant is part of the cluster, what does that tell you about the fertilizer industry?

If the Chinese are setting up hide and skin processing factory in the north and you've got a pool of talented shoe makers in Aba, what does that tell you about the shoe manufacturers sector??

Lastly, to answer your question, pay closer attention to the agricultural and manufacturing sector between 2017- 19.

I would advice people to use their money to earn money rather than keep in the bank. Have you seen the ridiculous rates the banks give for saving. I tell you if you buy N10k yam and sell at night market hou would make more than what this banks could ever give in a year. Its just ridiculous.
You use saved funds to finance loans which is compounded yet you cant pay a high simple interest yield.

Run from shares that's the worst. N1 dividend for using my funds for a year.

Don't fall for that trap.
Besides your money will be depreciating.
Every day inflation makes the value of your savings are reducing. Make more money with it and build your wealth.

unite4real:




https://www.proshareng.com/news/Savings---Thrifts/Recession,-Personal-Income-and-Planning-/32239

Op is top of the social class
The very top 1%

He isn't middle class

Earning that much means he is either a professional in a highly lucrative job or a small time politician

unite4real:




https://www.proshareng.com/news/Savings---Thrifts/Recession,-Personal-Income-and-Planning-/32239

I still dey curse that stanbic official

I had a shortfall of about 500k the other time
And I wanted to buy bonds

He only lured me into their bank so I could open an account with them


Anyway, I hear say individual no dey find it easy buy am

15% interest per annum would have just been fine for me

Anyway na to dey buy land be that

ChessEnthusiast:
With or without recession, I plan my income. 70% of my income goes into T bills every month. I earn high enough income to afford a luxurious lifestyle but I choose not to because it's all vanity. I don't need much to be me. I like myself.

Sir, thou art a wise planner.

salabscholar01:
Nigerians face several conditions today that are sending many to food banks and soup kitchens for the first time in their lives, simply because they can't afford both food for their families and the costs of living in the modern world. Obviously, if you can't change the economy, you must learn to change your economy. To survive today, do the following.

1, Start Living Frugally

There are some things that are necessary but not important. Some are so important, but not necessary... If you say yes, sometimes your bank account must learn to say NO... For example, if the super-stores are getting tougher, switch to a lower shop down the road, or the local kiosk owners. If it has not expired, you can still consume it...

2, Can You Bring Home More Income?

Most of us are crying on spending alone without thinking on how to take the advantages of tough situations...we should also consider additional ways that can start bringing in more money, residually. For those of us who spend a lot of time on social media, e.g Nairaland, here's an opportunity to build a business, meet with reasonable people... talk less on politics, explore the business forum and stay abreast with the world. Majority of us here are victims of this... will never want to check into a forum that is a non celebrity, romance, or politics..


3. Stop Going Out

We must be willing to make sacrifices...For some of us, this is like the world coming to an end. But really there is life outside of the social scene, the weekend bars and nightclubs or restaurant outings that drain wallet's, including those ladies who are predators.. chose a new hubby and redirect your energy to the opposite. Cut costs and look back again each time your wallet says no

4 Pack the SUV

Every day I see people in my area jumping in their vehicles and heading off to work -- 20 to 30 miles away I'm sure for many of them actually wants to be bossy and look keeping up with the Joneses.. Take public cabs and cut cost. I know this might sound low to your reputation but sincerely most of the filling stations are not funny today. Try this for a month and compare it to when you drive down to work in your own car, you'll discover that you're really spending large amounts of money annually on transportation on private cars than the cabs.

5 Stop Spending Money

STOP -- don't reach for the phone and call the first person that comes to mind. Communications must be done with reasons... Calls is a spirit not a duty. Phones are meant for emergencies and nothing more. This is the obvious step to take. Often though we simply can't stop spending money. There's always something else that pops up. Especially with families. But look what happens when you simply run out of money. You stop spending. Purchases you felt compelled to make suddenly get delayed or put off or forgotten completely. And the world still goes around. You wake up to see another day. The world hasn't come to an end simply because you're broke that day and have no money to spend.

6. Stop Complaining
Anybody can be a CEO. Get engaged into something profitable. Engagement bypasses pessimism, says saggerston... Roll up your sleeves, stand up, explore for an idea, be it business or where you can be an apprentice, irrespective of your graduate qualifications... With time, when you do what you love, you will love what you do. Remember happiness is the key to success, success is not the key to happiness.

7. Don't Eat Off That Last Cake

I believe this is the time to start loving your job. There are usually no greener grasses on the other side of the field. You do not know how others on the other sides of the fence are walking on broken paths out there. We usually see it smooth. But ask them, you will understand really good.

You can't eat your cake and have it. The proverb literally means "you cannot both possess your cake and eat it". Once the cake is eaten, it is gone. It can be used to say that one cannot or should not have or want more than one deserves or can handle, or that one cannot or should not try to have two incompatible things. The case is true when you have no better opportunities in sight and will start feeling dumb to leave the current job. The streets is never friendly. Remember, "an idle mind is always the devil's workshop."

8. Pray......


Add your own, these are mine!

source: Me

You nailed it.. Thanks...

HARDDON:



How to invest in treasury bills


By Babajide Komolafe

It is one of the safest investment products. Yet many people know little about it. The banks are not also helping matters. They rarely inform or educate their customers about it. And why should they, when it is more expedient for them for the customer to invest his money with them via fixed deposit than investing the money in Treasury bill.

Treasury bills (TBs) are short term government debt instruments. Hence investing or buying TBs is tantamount to lending to government on a short term basis usually below one year. They are issued by the Central Bank of Nigeria (CBN), who is the banker to the government. The government uses TBs to borrow money to finance its expenditure pending receipt of revenue. For example, if the government wants to pay salary for this month, and it is yet to receive the income for the month, it could ask the CBN to help it raise money by selling TBs. The CBN issues the TBs at a specified interest rate, specifying the maturity, usually 91 days (three months).

Though anybody can buy TBs, you have to go through the banks, who act as agents to the CBN.

Also because the banks are mandated to keep a portion of customers deposit in liquid instruments (instruments that can be easily exchange for cash), which is the liquidity ratio; they are the biggest investors in TBs.

In addition to using TBs to borrow money on behalf of the government, the CBN also uses them to control the amount of money in the economy (via the banking system). When the CBN wants to reduce money in the economy (money supply), it sells TBs to the public. The money invested in the TBs automatically leads to reduction in money supply. Also when the CBN wants to increase money supply it buys TBs from the public.

Whenever the CBN issues TBs for any of the above purpose, all or some of the TBs may be purchased. If all the TBs are not purchased, the CBN warehouses the outstanding TBs, and reissue them at a later date. The reissued TBs are called secondary market TBs, while newly issued TBs are called Primary Market TBs. Secondary market TBs are also called OMO (Open Market Operation) TBs

.........................



Would you like to put money aside and earn significant interest returns in only a few weeks or months? You might consider buying treasury bills, a popular and accessible form of investment. You don't have to be rich to afford them, and they are simple and virtually risk-free



Treasury bills, also known as "T-bills," are a security issued by the U.S. government. When you buy one, you are essentially lending money to the government. Here, the term security means any medium used for investment, such as bills, stocks or bonds.

Treasury bills have a face value of a certain amount, which is what they are actually worth. But they are sold for less. For example, a bill may be worth $10,000, but you would buy it for $9,600. Every bill has a specified maturity date, which is when you receive money back. The government then pays you the full price of the bill -- in this case $10,000 -- and you earn $400 from your investment. The amount that you earn is considered interest, or your payment for the loan of your money. The difference between the value of the bill and the amount you pay for it is called the discount rate, and is set as a percentage. In the example above, the discount rate is 4 percent, because $400 is 4 percent of $10,000.

Treasury bills are one of the safest forms of investment in the world because they are backed by the U.S. government. They are considered risk-free. They are also used by many other governments throughout the world.

Read on to find out about the different kinds of treasury bills, how to buy a treasury bill, and why they are so popular.

Source: howstuffswork

Thanks for this educating and insightful article. Please how can I invest in TB in Nigeria



Thanks..

I understand you OP, because we are the same, check me out doing my thing

ChessEnthusiast:
With or without recession, I plan my income. 70% of my income goes into T bills every month. I earn high enough income to afford a luxurious lifestyle but I choose not to because it's all vanity. I don't need much to be me. I like myself.

Pls I want to know all about treasury bills and how to invest

supereagle:
[size=28pt]No provlem if you have a prudent wife.[/size]

Not sure they still exist.

buffalowings:


Op is top of the social class
The very top 1%

He isn't middle class

Earning that much means he is either a professional in a highly lucrative job or a small time politician

Will someone in the top 1% of population negotiate 300k schl fees. Is Nigeria that poor. Wow. Really??

buffalowings:


Op is top of the social class
The very top 1%

He isn't middle class

Earning that much means he is either a professional in a highly lucrative job or a small time politician

Wait a minute bro. I just checked.
#200k salary earner in the top 1% of the population??. Are you kidding me?.

Do you to get paid every FRIDAY?

If your answer is YES.

sign up with the link BELOW

http://cashforshare.com/?ref=16535



Thank me after getting PAID

Sincere4u:

Wait a minute bro. I just checked.
#200k salary earner in the top 1% of the population??. Are you kidding me?.

OK seriously
Upper middle class

[quote author=XaintJoel20 post=49052964]
Thanks for this educating and insightful article. Please how can I invest in TB in

These bankers are not straight forward about tb they'll rather sell to companies rather than individuals

I wanted it badly too. The banker was just posting me.. it was later that I discovered it was a ruse to make me open a bank account instead

Bro buy land instead

buffalowings:




OK seriously
Upper middle class

Lol. I still believe being in that depends on his responsibilities. He do be struggling to be in the middle class if he has a housewife and not less than four children but as it is, he's in the middle class cos he's got only one child whose school fees is appreciably higher than his gross monthly salary.

Sincere4u:

Lol. I still believe being in that depends on his responsibilities. He do be struggling to be in the middle class if he has a housewife and not less than four children but as it is, he's in the middle class cos he's got only one child whose school fees is appreciably higher than his gross monthly salary.

OK what income brackets would you ascribe to each social economic strata in Nigeria.

If to me that amount of money makes me believe he has to be well off than what you think.

Maybe I'm just dirt poor.

buffalowings:



OK what income brackets would you ascribe to each social economic strata in Nigeria.

If to me that amount of money makes me believe he has to be well off than what you think.

Maybe I'm just dirt poor.

With the makosa dancing Naira and the recession biting deep it's hard to be more specific but our subject is obviously not near the upper middle class.
Lower class earn less than #200k annually.
Middle class earn above #1million.
Middle class represented annual income that averaged $10,000. With the way the naira has fallen, someone earning #2.4million annually falls far below $10k. In summary our subject is barely in the middle class category. Upper middle is a long shot.
Upper middle earn above #4million.
While the top 1% earn above #8milllion.

Sincere4u:

With the makosa dancing Naira and the recession biting deep it's hard to be more specific but our subject is obviously not near the upper middle class.
Lower class earn less than #200k annually.
Middle class earn above #1million.
Middle class represented annual income that averaged $10,000. With the way the naira has fallen, someone earning #2.4million annually falls far below $10k. In summary our subject is barely in the middle class category. Upper middle is a long shot.
Upper middle earn above #4million.
While the top 1% earn above #8milllion.

Now I'm understanding

At my current state. I think there should be another class I. E. Upper lower class

Cos I'm in that zone now

buffalowings:



Now I'm understanding

At my current state. I think there should be another class I. E. Upper lower class

Cos I'm in that zone now

Lol. keep grinding, reading and praying. You will rise.

buffalowings:



Now I'm understanding

At my current state. I think there should be another class I. E. Upper lower class

Cos I'm in that zone now

buffalowings:



Now I'm understanding

At my current state. I think there should be another class I. E. Upper lower class

Cos I'm in that zone now

Lol. keep grinding, reading and praying. You will rise.

I pray this period does not last because its not just easy to survive this period

Please which bank did you use what is the process?

ChessEnthusiast:

14.7% for 140 days. Just bought recently - on Friday precisely.

bigtt76:
Please which bank did you use what is the process?

Access Bank

Ok thanks. What's the process?

ChessEnthusiast:

Access Bank