₦airaland Forum

igbizen:
I have been pursuing all forms, rental, business, T bills and just fidelity stock.

I hear some analysts expect a hike in rates later in the year.

I don't think any hike will be material. Maybe 2% tops.

Let me join you guys in getting 8-10% rental yields.

TransAtlanticEx:
lol
Pipedreams.
Also,remember there are production cuts and high cost of production,
Second wave of covid19 is really rallying and lockdown is imminent,some western countries have already started.
So it's just a matter of time before the shithole's revenue tumbles again via oil price collapse.
Bask in your dreams all you like,reality will always prevail,
Ode!

There you go again displaying ignorance.

You don't have to talk and embarass yourself all the time. There's hardly a post you make that I don't have to correct you on.

December 2020 was when we started hearing of new virus strains, and new lock downs. Ordinarily, your opinion of a crash in prices should have materialized, but some of us already spoke and were staying in faith since April when Oil was doing $20 that it would close the year above $50. That December was when it broke $50 for the first time, despite the new covid strains and lockdowns, and it eventually closed the year above $51.

"Reserves finally broke a 10-month resistance of $36bn".

That will be my post around 8pm tomorrow.

When you check the website, that's what you'll see. If it makes you **, good for you!

When tomorrow's figures get published, we expect reserves to break above the long standing $36Bn resistance.

Next prayer is for Brent to close the quarter above $60 a barrel.

Reply with your curse words now o, cos I'm about praying for forgiveness for the ones I used on you. Not that after I finish praying, you'll now start again.

TransAtlanticEx:
You are a fool.
Do I look like someone that gives a shit about basic terms?
We talking about money and what works or is applicable and this fool says terms?
Has the CBN not been funding BDCs heavily weekly at reduced prices since 2017?
Basic terms,ha! ....Bumbling idiot.

You think BDC is what parallel market means, and you're boasting on your ignorance?

You must have ** *"!

** that thinks cos crude prices and refined petroleum prices differ, they can't be swapped.

Engaging with a basic school lad would be better than with a ** like **, but cos I know you and perhaps others like you learn from my posts, I'll indulge.

By the way, i'd say you just stick to your ** talks, and steer clear of talks about finance, cos apparently, ** traded ** remaining ** for that, and I see it keeps **. ** dey ** **!

TransAtlanticEx:

It's like you've been in coma since 2017 till April last year.
I would have love ahiboilandgas or lazyyouth4u to school you on this cos I no get energy to shalaye.

Are you an ** or are you just very **?

When in your ** ignorant mind has the CBN ever supplied dollars to the parallel market?

9 times out of 10, I have to teach you meaning of basic terms, and you're opening your ** mouth to say school.

From how mop ups work, to crude oil swaps to now meaning of parallel market.

Be humble and stop flaunting ignorance.

emmanuelewumi:
And property is not generating cash flow in form of rental income

Sub 1% yields on T-bills make rental income attractive to me these days, something I was so certain I wouldn't pursue.

TransAtlanticEx:
The days of CBN injecting fx into the parallel markets is gone!
Y'all better face reality.

When has the CBN ever injected liquidity to the parallel market?

If what you mean is retail market, then you're still wrong.

Definition of ILLIQUIDITY is having 55m in property value and trying to sell.

https://www.nairaland.com/2297171/670sqm-land-sale-osapa-london....7mins/1

You go greet taya.

Good morning friends, good afternoon friends, is anybody buying, good evening friends, only the guy go greet, only him go reply himself, o boy, full 38 pages the guy still dey greet.

Him for just do money market rest.

Happy new year to everyone.

Like we prayed, Brent closed 2020 above $50.

This year will be surely better in Jesus' name.

speak2lift:
This is not correct - Experienced level hires in IOCs collect above 30M per annum.

Where in the post you quoted is it suggested they collect less. Read it carefully now.

maybe next time, if you don't understand a person's post, just ask first "are you saying...."

Instead of jumping to say something isn't correct that wasn't said.

Olaide1295:
I don't think the proposed special bill is for the public. Based on the CBN circular, the bill is meant for banks with huge deposits more than the regulatory CRR requirements.
So the banks can earn something on their hitherto sequestered deposits.

the third feature mentioned about the bills says it'll be tradable among banks, retail and institutional investors.

If the CBN just wanted banks to earn money on debited CRR funds, First that already defeats the aim of the LDR policy.

Second, all they need do is reduce LDR and with the excess funds, banks can buy more OMO bills at c. 7%, or do SDF at 4.5%

There's a need to keep T-bills rate low to lower FG's borrowing costs, but at the same time suck some liquidity from folks who wouldn't buy at such low rates.

ojesymsym:
Who dash professor 2.5m per month? You want to kill fg? Try that nonsense and all lecturers go become professors overnight?

Went to around 450k during Yar'adua.

I think it's still between 500k-700k currently.

Perhaps even less for those at state institutions.

But they run multiple engagements sha.

igbizen:
30M per annum is too small my dear. Wetin for manager level?

Too small?

I would say it's not o.

2.5m per month.

only area manager in banks, managers in big telcos (just 3 or 4 depending on who you count), and experienced level IOC staff.

some managers at NB, Nestle and CChellenic, and co make less.
Bank branch managers too.
professors and most doctors too.

Maybe just 5% of the c. 10m pension contributors.

RealityShot:
We live in a crazy world, where your own blood brother can stand before the entire family and suggest that
All the retirement benefits of your parents should be put in a company he works for
And clearly knows that it's a Ponzi company!

Just because he wants salary for himself!!!

If one kills such brother after the Ponzi fails, hope no one would put that person in jail or under any condemnation, right?

I can not be an avid church member again, I will serve God in my closet, than to worship in the presence of skimmers and treacherous folks who claim to be more " churchous" than I am.

The matter nor hard reach now.

No need for talks of killing over ordinary money now.

As a responsible son, yours is simply to educate and convince your parents about your doubts and concerns on the scheme. It's expected your brother will make his own arguments too, but usually, the genuine one gets identified, and your parents should yield. If not, just make sure to try all you can to convince them, or maybe convince some others of your siblings who may also add to your voice.

If in the end your parents go with your brother's suggestion, it should bother you small if at all, cos it's their money, and you did all you could.

As far as I'm concerned the brother can take all the inheritance to himself, I've got my own so I wouldn't be bothered.

No need to even vex should the investment fail talk less of killing.

And you shouldn't say because someone acts funny you want to stop going to church.
Bad idea!

Lazyyouth4u:
If I’m making 500m per annum on base salaries alone, why would I be concerned about Tbill rates or NSE?

That na why, the former guy went to become a governor. I don't think he was hunting yields like some of us are.

By the way NESTLE and NB with just about one-third their revenue also pay around 300m-400m to their CEOs.

Unilever with just about 7% of their revenue too paid that nsarkoh guy heavily.

And we've been told about Wale at Oando signing over 650m to himself annually.

Assuming an average annual income of 350bn. Alhaji makes 40m every hour.
It's 30m per hour if you use 270bn as the annual income.

emmanuelewumi:
Do you know worth of 1 hour of Dangote's time?

When you put it that way, then the full 60m is not even enough for 1hour.
I was looking at hour for hour without minding whose the hours are.

emmanuelewumi:
While Dangote earned just N60 million as the chairman of Dangote Cement, the CEO earned almost N500 million as salary. But Dangote went home with a dividend of over N200 billion.

The 60m sef is much. For just maybe 12 or less board meetings. each lasting 2hours or less averagely.

compared to GMD that does at least 300days at 8 hours daily.

ojesymsym:
Now that I think better of it, earning USD75k monthly even in the US is also even not a common occurrence. I dare say it is very rare and only happens among the top management echelons in certain sectors of the society.

That's the type of income that puts you comfortably in the top 1%.

75k monthly is USD 900K p.a

Entry level to top 1% is USD 540K per annum or 45k per month.

ojesymsym:
How can I reference 4m as too huge bros, I was referencing 17m monthly, except that was not what Ahib wrote or meant.
30m PA is 2.5M monthly. This I can easily believe, but for these companies to pay 1 human 17M per month, de a little hard for me to believe. Not saying it is not true just that I find it hard to believe.

I was wondering now.

17m monthly is very rare, especially for Dangote who's not known to be among the most lavish payers.

Maybe just 20 persons on the payroll earn that much, and the guy Ahib was mentioning at 17m is just one of those very few.

From their 2018 report, out of about 16800 folks on the pay roll, only 880 earn above 2m per YEAR.

The 2m excludes some allowances and benefits though, but it certainly will be at least 50% of the gross package, meaning only 880 out of 16800 earned above N4m gross Per year.

Lazyyouth4u:
Dangote does not pay anyone USD 75k in salary per month. You can take that to the bank any day sir.

Certainly not per month.

Although the GMDs should earn that much.

That's 360m per annum.

The GMD and Mr devakumar edwin-that man in charge of the projects.

ojesymsym:
Converting that into USD using 400 naira as exchange rate puts it at $75,000 per month. Any how you look am the money big.
Can't we list Nigeria in the stock exchange, perhaps that may help it be run better? Just saying.

No now.

The 30m figure is per annum.

I assumed we were talking in terms of annual pay.

Lazyouth don vex!

I didn't mean per month now.

I was referencing where ojesysym said 4m per month was huge.

ojesymsym:
It is hard to believe some of these values, how much does the company make?

Once you're at GM level in most large firms these days 30m isn't uncommon

Even with devaluation these firms have revenues in billions of dollars:

MTN NG Should be around 1.3trn (about $3.3bn)

Dangote Cement like 950bn ($2.4bn)

Flour Mills around 600bn ($1.53bn)

Zenith Bank around 650bn ($1.66bn)

Guaranty like 500bn ($1.27bn)

Ecobank UBA, FIRST BANK, Airtel and Nigerian Breweries, should be around $1bn to $1.2bn each

ahiboilandgas:
the thing they shock me too .......makonjula that retired was paid 420m per anum .......may be Mr Emma go help us clarify.....knut (nowerigein) on 130m per anum.........the thing they shock me too.....

The company makes about 15% of FG's revenue.

So if FG can pay senators how much again sef,

They should be able to comfortably.

MTN is around one-fifth of the full federal government revenue.

RealityShot:
Please do tell when this starts o

We're watching. I'm really expecting yields in the 2-5% range on the bills.

Iogobenz:
Your valuation is not reality oga.
Abokis took advantage of naive people again like they did when CBN said they'd commence fx sales last september.
This CBN new policy on banks paying dollars for remittance recipients is dead on arrival.

It's reality for 95% of FX buyers who get it at 392 oga!

Iogobenz:
Go back and check 485 as we speak.

I have.
I mentioned the 470 could be a buying opportunity.
My valuation remains 405.

XiaoLi:
https://www.vanguardngr.com/2020/12/breaking-cbn-introduces-special-bills-to-mop-up-idle-cash-in-economy/

What effect will this have in our idle naira, the economy and our investments.

Should be a new type of OMO open to all.

Tenor is 90days.

Maybe yields will be around 2-5%.

that way, it may reduce some folks' tendency to convert their naira to dollars.

GIANTPLUSHUB:
Let's just keep watching!

There's need for a balanced view.

When people say 480 is cheap, on what basis?

I am saying sub 400, because the largest player in that market supplied at 386.

Now I can say sub 405, cos they now do 392.

Most folks just quote based on their sentiments against the currency.

This 470 could be another buying opportunity like 435 was, I don't know.

My opinion remains that as long as CBN supplies at 392, anything above 405 is not sustainable.

GIANTPLUSHUB:
Keep calm! There's high possibility that it goes up again.

You bought at 500 shey?
Now they're offering you 450!

abokifx loaded!
showing 450/470 for USD currently!

Everdonbdc quoting 452/467 for USD.
who can confirm?
aboki fx not loading.