DaBogu's Posts

Nairaland Forum › DaBogu's Profile › DaBogu's Posts

1 2 3 4 5 6 7 8 ... 21 22 23 24 25 26 27 28 29 (of 77 pages)

Investment › Re: Treasury Bills In Nigeria by DaBogu: 5:25pm On Nov 17, 2019

emmanuelewumi:
hor=CsRockefeller post=84110638]Lovely thread.

U think the first time I came here was a year ago when my sister was looking to invest in TB, I didn't stay long as she wasn't too interested.

As an Economist, I have no problem with people doing portfolio investment, it's part of one of the concept in Economics called "choice" consumers have that right/privilege.

That said, TB, Bonds and all the instruments of the money and capital market are important to the Government as a source of funding the budget, though, in my opinion, very unnecessary.

The Government of Late Yaradua saved about 90billion dollars in foreign reserves, what was it used for? The current administration and previous have used these instruments as a means of budget funding more than their primary purpose of controlling inflation, especially with the TB.

To those who say that Government should crash the rates have salient points to say so, did see the analysis of the recent auction? All three rates were oversubscribed by over 50%, that's a whole lot of idle cash. Let's we forget, as Government continues on this trend, our domestic debt profile continues to look bad, not to leave out the Banks and other Financial institutions who now see the CBN as a cash cow and have neglected their primary duty of receiving deposit, paying cash and lending to the real sector.

Nevertheless, I love the arguments for and against, it's good for a future CBN Governor or Finance Minister to have an open mind and sway a little bit to the left and a little bit to the right.

For those outside the country, we appreciate your contributions in the form of remittances, infact, it's these remittances that has kept consumer spending going and has reduced the level of frustration in the system, believe me, things are really bad back home.

In as much as you all want a safe investment, I plead, please, channel some funds to the start ups of your brother's, nephews, cousins, friends back home, no matter how small. There are no accessible loans, no jobs, how man go survive? Some young entrepreneurs need as little as a 100k to start something.

The fact is Governance is on leave on Nigeria, so who will fight for the poor, the weak, the hungry, the downtrodden, the sick? Who will give them a platform to stand so that they can move the world? Definitely not the Government.

I wish you all well.

Our youths need to work on their attitudes and their expectations about life.

I once gave a so called young enterpreneur in my area N40,000 (dash), when he requested for a loan of 100k.
I later found out that he used the money for sport betting.

We need to learn how to delay gratification, nothing good comes easily, we need to have long term plan, learn to live below our means and try to see the bright side of life.

While some of us are complaining about Nigeria, some are legally making money from the same Nigeria.

As a man thinketh so he is.

I agree with you. My mates are either with their boyfriend or clubbing. I have been a big fan of your right from your write up using the other monicker. It been tough especially with our generation, they are either doing unproductive things that add little value to them. I have not gotten to where I want to be but am working really hard ensure I get there.

I saved during NYSC, did odd jobs. Thank you for your input. I will update you as regards the mutual fund. Thank you once again.

3 Likes

Investment › Re: Treasury Bills In Nigeria by DaBogu: 9:55am On Nov 17, 2019

emmanuelewumi:
Where is your location?
Find out from the investment banking subsidiaries of Stanbic IBTC or FBN.

Investment One, United Capital, Axa Mansard and others also have mutual funds that are registered and regulated by SEC.
They have billions of naira under management and they give monthly reports to the regulators

Lagos Sir.

Investment › Re: Treasury Bills In Nigeria by DaBogu: 9:19am On Nov 17, 2019

emmanuelewumi:
A mutual fund.

Sir, sorry to bother you
I jut ealk into any bank and request for a mutual fund

Please, suggestions are welcome as to get 13.2% mutual for

Investment › Re: Treasury Bills In Nigeria by DaBogu: 9:04am On Nov 17, 2019

emmanuelewumi:
Fixed Income Fund of FBN Quest Asset Management currently pay 13.2%, the fund invests in FGN bonds, Sukuk, FGN savings bonds, States bonds and corporation bonds.

Minimum investment is just N50,000 and the minimum holding period before you can sell is 90 days.

13.2% for FG saving bonds?
How do one go about it?

Family › Re: Help! With This type Of Tenant by DaBogu: 8:49am On Nov 17, 2019

Op, how far with the tenant?

Investment › Re: Treasury Bills In Nigeria by DaBogu: 3:43pm On Nov 14, 2019

If YOU'RE between age 18-25 and you are here, this is for YOU.

Now is the right time to
-Stack skills up
-Build a network
-Travel
-Build a business(es)
-Make Money

Not the time to
-Party
-Buy clothes
-Get in debt
-Gossip.

Do it now when YOU have not much responsibility. Secure YOUR future

Abdul-Qawiyy

4 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by DaBogu: 3:42pm On Nov 14, 2019

True PFA's are also looking to that direction.

PETERiCHY:
https://trwstockbrokers./2019/11/14/single-digit-tb-rates-turn-ngse-to-honey-pot-as-investors-position-in-value-stocks/

From the look of things NIGERIA STOCK MARKET (NSE) will be the same toast of investors for the next 6 month.

Better join the bandwagon now!

Investment › Re: Treasury Bills In Nigeria by DaBogu: 9:21am On Nov 14, 2019

Same model with Transportation business
Bike 15k per week= N60k a month
Small bus 25k per week= N100k a month

depending on your location

NL1960:
No. The 10 @ahiboilandgas mentioned is the delivery amount. I believe the business model and strategy is that the business owner gets 10k per week while the barber manages the shop and take care of the expenses. So even if the barber makes 20k in a week, it does not concern the owner in as far as his/her 10k is delivered. I like the model and strategy if this is what it is. The barber is not being paid any salary. It is like 'run the shop and pay me 10k weekly'. There are people that barb their hair weekly. When my kids are going back to school, i spend 800 for three of us. This is already close to the average 5 people to be barb in a day.

2 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by DaBogu: 9:10am On Nov 14, 2019

Nah! Mark my words, It will come back up.

Guestuser:
No wonder savings bond rate went down too.
Still higher than these rates though.
TBills is finished! Chai

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:56am On Nov 14, 2019

Willie2015:
This is just a cycle....
We have seen Tbills at 4% before ...
It still came back to double digit....
No be dis Naija economy...
Relax ....u still get to see it at double digit back very soon....

Investment › Re: Treasury Bills In Nigeria by DaBogu: 4:34pm On Nov 13, 2019

Next LEVEL things.

needful:
Nawaooooo, na another level be this oooooo

1 Like

Investment › Re: Treasury Bills In Nigeria by DaBogu: 1:02pm On Nov 13, 2019

Dr. Tayo Oyedeji
@tayooye
Renting is wiser for most people. Don't buy a house unless:

1. Mortgage is < 8%.
2. You can pay cash.
3. You plan to live in it for 10 years.
4. You need the psychological comfort of home ownership.

Rental/investment property is great. Home ownership is mostly a bad investment. I'll share the math on home ownership sometime next week. The home you live in is your worst investment. For some of us, it's not even an investment. Don't buy the hype, do the math. Home purchase for living is a bad investment. Rental property is a great investment.

Do the math.

An average property in Lagos is N40m.

Treasury bill rate is about 12%. Your N40m will yield N4.8m a year.

You can rent a good home for N1.5m and still have N3.3m left over.

Your house is costing you N3.3m per year.

Do the math.

Psychological comfort, societal expectations, and cultural norms are valid reasons for home ownership.But when it comes down to the math: it just doesn't work. I own a couple of homes for the reasons stated above. They're not good investment.

Investment is math, not emotions!
Buying a home to live in is a good option for SOME people. Especially if you:

1. Can get cheap mortgage (< 8%)
2. Can pay cash.
3. Plan to live in it for 10 years.
4. Need the psychological comfort of home ownership.

Otherwise home ownership is mostly a bad investment. Those two tweet are exactly the same. Sometimes people are so emotionally invested in a point of view that it clouds their judgment. You can't make investment decisions emotionally. You'll get into trouble every time you do that. Selah.

Investment = Maths + Logic

1. Never invest because it feels good.

2. Never invest because it sounds good.

3. Never invest because you like the manager.

Maths: Do the numbers make sense?
Logic: Do you understand how it works?

Investment = Maths + Logic

OgogoroFreak:
Better!
Where is the house located? Let's see if it's something I can accept for free.

"Renting is wiser for MOST people"="Buying is a good option for SOME people"

Review your options. Evaluate your emotional needs and make a choice. The math favors other forms of investment. Your psychological needs may favor buying a home.

Just do the investment math first.

13 Likes 2 Shares

Investment › Re: Treasury Bills In Nigeria by DaBogu: 12:59pm On Nov 12, 2019

isangjohnson:
I appreciate your advice.

Investment › Re: Treasury Bills In Nigeria by DaBogu: 12:48pm On Nov 12, 2019

chloride6:
Thanks man.

Just catching fun amidst all the seriousness...

But there are other opportunities put there...

Just wanted to put that there....

For instance nobody can tell.me nothing about transportation, it is highly profitable it just requires you to be a little mad..

True, but extremely MAD

2 Likes

Investment › Re: Treasury Bills In Nigeria by DaBogu: 12:39pm On Nov 12, 2019

In the countries that we like to hail as saner climes, the obsession is to ensure that food costs are kept low so that the vast majority of the population can afford it. In Nigeria, we are constantly told, from a position of arrogance, that we should “tighten our belts”, or “change our mindsets”.

In August this year, my organisation, SBM Intelligence, published a report that was born out of our monthly food price collection. In collating our quarterly Jollof Index data, we have found that the majority of Nigerians spend a high percentage of their income on food, so in July 2019, we tested this out in a survey that took us to Ibadan, Suleja, Abuja, Kaduna, Kano, Jos, Makurdi, Port Harcourt, Owerri, Onitsha, Warri, Benin City and Lagos.

This survey’s result suggested that 63 percent of Nigerians spend all of their income on food. Only 7 percent of our respondents earn more than ₦120,000 per month, while the results suggested that ₦60,000 per month was the cut-off point for discretionary income. Earn below that, and you’d have nothing to spend after eating. Only 37 percent of our respondents earned ₦60,000 or more.

Just after its independence in the early 1960s Nigeria was self-sufficient with regards to rice. In that decade, annual production and consumption numbers were generally between 230 and 280K metric tonnes (MT).

By 1979 with the increase in population to 79 million people from 54 million a decade earlier, consumption had risen to 845K MT per annum, whilst production numbers had fallen behind at 370K MT.

Why did Nigerian eating habits begin to shift in this period? The shift towards rice began in the big cities as people got busier and had less time to prepare heavier meals like yam or cassava. There are simply faster options to eat your rice with than yams. This is the same reason why noodles have gotten really popular.

Then there is practicality. In general terms grain lasts longer in the store than tubers. This makes rice cheaper in the long run and better for when it’s not in season.

Then there is infrastructure. In all of this talk we still pretend not to know that storing farm produce in Nigeria is extremely tough, and getting them to the cities from the farms is even tougher. The losses make for grim reading. Nigeria’s total grain storage capacity (both public and private) is estimated at 1.1 million MT, while total production of grain (rice, maize, wheat, sorghum, etc) is estimated at around 23-25 million MT. This means that Nigeria has the capacity to store less than 5 percent of its total annual grain production.

Additionally, post-harvest losses of farm produce range anywhere from 20 percent to 52 percent of crops, due to factors ranging from poor transportation infrastructure to poor storage infrastructure. Indeed, the highest proportion of losses occur during market-oriented storage. Compare this to Brazil, which has a total storage capacity of 169 million MT, and the European Union, which has a grain storage capacity of around 360 million MT, and is also one of the biggest exporters of grain in the world. The EU’s agricultural policy was once criticised for producing mountains of grain and rivers of milk and wine, only for these surpluses to come in extremely handy during the 2009 financial crisis as the EU was able to lean heavily on its reserves in order to keep food prices low. Nigeria, by contrast, is caught in a double pincer of underproduction on one side and grossly inadequate storage infrastructure the other, which then lead to huge post-harvest losses, and then require high levels of import in order to meet local demand.

Over time, starting from Operation Feed the Nation, there have been attempts, at least on paper, to boost rice production. With the boost from various agriculture initiatives in the late 1970s to early 1980s, production grew to almost 2,000KMT by 1990, just shy of the consumption numbers.

Unfortunately, production barely increased in the 1990s while the consumption rate continued to grow at the back of increased population growth.

By 2011, consumption volumes had almost doubled production at 4,800K MT and 2906K MT respectively.

Then came the aggressive initiatives by the Jonathan administration between 2011 and 2015 and subsequently by the Buhari administration post-2015 which has led to the highest production values ever at 4,900K MT. However, this is yet to catch up with consumption which is presently estimated at 7,300K MT, a deficit of 2,400K MT. In fact, going by storage capacity and post-harvest losses, it can be strongly argued that the focus of the government should be on infrastructure and not production. After all, even if Nigeria eventually produces enough rice to meet local demand, the inability to properly transport and store the said production means that it will be a wasted effort.

Back to the survey, I talked about earlier, and the biggest concerns for Nigerians with discretionary income appear to be to keep connected either via phone calls or on the internet, and clothing, 10 percent of respondents falling into each of those categories. Perhaps reflecting Nigeria’s housing shortage, only 2 percent of our respondents said that they spend their discretionary income on rent. It is more likely, however, that most Nigerians do not cater to rent from their monthly income and usually find other sources that will yield sizeable lump sums, either by borrowing or by looking for alternative income sources asides from their primary source to deal with rent and school fees.

Nigeria’s population is presently estimated at 200 million and rising at a rate of more than 3 percent. Rice production rate has been rising at less than 3 percent. Like the growth of the overall economy, the rice production growth rate needs to outstrip the population growth rate by 2:1 for up to a decade if Nigeria is to again become self-sufficient in rice production. Failing to do this, and urgently, would push more people into the range where they have no discretionary income to spend. The government’s policies ought to be geared towards raising the standards of living, not pushing more people into poverty.

CHETA NWANZE
https://businessday.ng/columnist/article/our-feeding-habits/

8 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by DaBogu: 12:11pm On Nov 10, 2019

isangjohnson:
Somebody suggested he shouldn't drop the cash with FMBN but should rather log in the cash in FGN Savings bond for 3yrs.

I think I will go with the advice above meanwhile wait for the ogas make them come put mouth for the matter.

Romance › Re: I Am Getting Married Yet I Am In So Much Pain/ by DaBogu: 12:08pm On Nov 10, 2019

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:26am On Nov 08, 2019

If the CBN stop individuals and small business from NTB, it will have both positive and negative impact.

If individuals and small business are unable to buy NTB it may lead to increase in saving deposits, thereby making interest rate below what NTB offers
Fixed deposit rates will definitely head south as individuals will try to lock funds in other alternatives-meaning cost of fund for banks will reduce
Stock brokering house will benefit because individuals because individuals who can't afford to give money to banks @ 3-6% would consider investing NTB through some of this stockbroking houses who can buy from banks and big corporation depending on size and volume
Bonds will see bullish sentiment as people will tend to pick the best available yield-Businessday Friday 6th November 2019

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:03am On Nov 08, 2019

So all this border closure and war against rice was just so Dangote would swoop in and start selling us overpriced rice.
Is the expensive cement not enough?

chigo4u:
So Dangote is now venturing into rice business without completing the refinery. I remember arguing with some people earlier on this thread that the refinery will not be completed any time soon. I wouldn’t know his priority right now.
Also it looks like Dangote is the unofficial president of Nigeria

3 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by DaBogu: 7:53am On Nov 08, 2019*

zamirikpo:
I was with the branch manager of stanbic ibtc asaba branch today and he has no knowledge of this new cbn policy.

Even if its true it's an inner caucus plan....no publication or circular to that effect .

Let's keep our finger crossed.......

My question is that was @dipoolowoo quoting punch newspaper or businessday or both.

Nothing like that on that paper or even today's reads, CBN denies banning individuals, small firms from NT-Bills, investors shuns short term OMO bill in apex bank 300bn offer

3 Likes

Investment › Re: Bonds Investors Hub by DaBogu: 4:11pm On Nov 07, 2019

needful:
Are this people good to go?. I sent them a mail enquiring about bond but they redirected it to CBN bla bla Omo circular but they are persuading me to invest in TB. Am just tired of this whole bullshit.

Call her she is work with Afrinvest +234 909 504 1827

Investment › Re: Treasury Bills In Nigeria by DaBogu: 10:33am On Nov 07, 2019

You will be paid twice a yrs for 5 yrs nd atthe end of the 5 yrs, the pay you ur capital back

Akin3891:
How does the FG pay coupons on bonds, twice a year or four times? I believe it starts from 50m, say i invest 50m for 5 years, what is the breakdown of coupons yearly? Thanks

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by DaBogu: 10:31am On Nov 07, 2019

Please first have to create an account with us. But before the account can be opened, you also need a resident permit from our immigration service.

Akin3891:
Gosh, can i cope without tbs? My ten years budgets are drafted on this investment . I'm thinking hard now , maybe time to chanel some money to Ghana tbs , i once made enquiry from a bank over there, they accept foreigners but you need a resident permits to open an account, some money to stanbic dollars funds, some to Fg bonds, some to real economy ( transportation, insured Toyota siennas for inter-state, 10 keke will roll in 4m annually ). I'm hoping this new cbn policy will be a blessing in disguise . Thinking hard

Cant I open with a bank in Nigeria and send fund through Gtb bank in Nigeria to Ghana?, they answered me, No please

Investment › Re: Treasury Bills In Nigeria by DaBogu: 10:07am On Nov 07, 2019

10.9 2yrs
11.36 3 yrs Not sure confirm from DMO website.

Iamzik:
FGN savings bond might be an option if you can afford to lock up your fund for a longer tenure ....but what's the current interest rate

1 Like

Investment › Re: Treasury Bills In Nigeria by DaBogu: 9:21am On Nov 07, 2019

50m

abimbola01:
Please, what is the minimum amount for FG Bond at the secondary market?

Investment › Re: FGN Savings Bond by DaBogu: 8:41am On Nov 07, 2019

Yes

IamR:
Close to it, but I can raise it, if that is the minimum

1 Like

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:40am On Nov 07, 2019

Jejebabaa:
Not yet who knows may be i go "relocate" there soon. Anywhere wey belle face, na in i dey do oo.

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:36am On Nov 07, 2019

czarmide:
Hello guys good morning, can someone shed more light on minimum amount for investment in FGN Bond.
The debt management office website say :
Minimum of N10,000.00 and multiple of N1,000.00, thereafter. but the s[b]tock broker I contacted said minimum of N50,000,000[/b]

Broker is right.

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:19am On Nov 07, 2019

an economic group consisting of large profit-making corporations especially with regard to their influence on social or political policy.

Barrytone:
Please can someone define the term BIG COOPERATION as used in the directive and how to own a big firm. I want to own a big firm.

Investment › Re: Treasury Bills In Nigeria by DaBogu: 8:17am On Nov 07, 2019

Do let us know your findings.

IamR:
See better rates; and someone was saying Nigeria has one of the best rates in the world. I will make enquiry. Thank you.

CBN under Emefiele is a disaster.

1 2 3 4 5 6 7 8 ... 21 22 23 24 25 26 27 28 29 (of 77 pages)