₦airaland Forum

vacanci:
I live in a house that was purchased by my landlord for N23 Million 5 years ago. I pay rent of 800K annually. recently, he tried selling it and there was no buyer at 17M naira. Houses sometimes depreciates.

Now imagine that money in treasury bills for the past 5 years. That will be over N46. Do your calculations and see for yourself.

The guy that may have put his money in TB 5 years ago can simply write a cheque of 17M today and buy the house. he will have another 30M as revolving fund in TB.

Cash is king.

If only people know the amount of Properties that AMCON and banks are carrying about and looking for people to buy and give them cash for...

But then one needs to check a lot more before actually ditching house for Tbills.

many that invested in houses in Lekki area are till now praying for someone to just pay at reduced price to give them cash flow

Diyke4rich:
Guru's in the house i have been following this thread for a long time now i need am advice, i have a house in lagos that the rentage is not that good compare to what i paid for the house or renovation after a tenant move out, i wanted to try out this treasury bill i have a house in asaba if i rent it i will not make what i will be making in treasury bill, please guru's its advisable to sell one of the house and invest in treasury bill.
Thanks
Your contributions will be highly be appreciated

This arguement of House over treasury Bills will always be there, incidentally no one will win as it all depends on context.

I personally will not do any house rentals as business. I would only support building the house I live in with the returns from my TBills Investment.

In the past 5 years we have gotten a average return of 15-16% perannum on our Tbillls investment. I doubt any rentals from house will match that.

onuku:
House,
I have been using Fidelity as my brokerage firm. How do I find out if my accrued dividends from my shares are debited to my bank account, as I haven't been able to see any on my statements? By the way, am not based in Nigeria, but will be visiting Nigeria before the end of the year. I have the CHN too.

Thank you

Did you mean dividend credited to your bank account?

why not ask your bankers for your bank statement, that should show all your credits and debits including dividend payments to you.

Acidosis:
Any luck with payment? I think you should check your calendar again. Next maturity date should be 29th/30th November, a day after auction date. Whatever people invest on the 28th November (next auction date) would be deployed for payment on the 29th/30th November (next maturity date). Tbills is an upgraded version of MMM with lower interest rate.



NB: I'm not 100% certain about the above claims.

yes its FG guaranteed MMM

GonFreecss1:
I don't want to know what I will meet here. I came from the crypto world (still there) and I survived. Gone through the NSE history, I do not mean it as an insult to those who lost money, but trust me, this place is heaven compared to the crypto world.

I am not the financially emotional type, that is why I invest in very minute amounts, or set my trades that way. To me it's an art, a science of me studying my character knowing myself. It works for me, so I don't care what the NSE is or what they have done, this place is heaven.

I mean you can't even short stocks in the NSE (meaning the infrastructure is based on hope/optimism). I repeat this place is heaven.

You call NSE heaven compared to Cryptos??

Hmmmm!

kristien4:
Please when is the best time to lock in for one year??

Once I lock in for one year......i will announce it here

ahiboilandgas:
oil price doesn't go up ...mean more dollar to cbn.

If Oil price drops faster than envisaged....then CBN might have to trigger a rates rise earlier than we are projecting

ahiboilandgas:
when do u think will be the right time cos am targeting 17-18 around January

At the rate at which CBN is defending Naira, they only have to increase rates to attract foreign Investors...

January/ February would definitely be a good time.....hoping that Oil price doesnt go down faster than envisaged..

Infinitisi:
Treasury Bills:

Stop rate for today's treasury bills Primary Market Auction.

91 days: 10.9752.

182 days: 13.49%.

364 days: 14.40%


Visit Nairametrics.com for more news.

its gradually coming up..but not yet time to lock in for one year...

AUCTION DATE : 03/10/2018

91 DAYS : 10.90%

182 DAYS: 12.09%

364 DAYS: 13.33%

Jejebabaa:
You scared me boss when I saw $90. I was about asking for payraise from my boss when I saw that $90 but got disappointed when I noticed it's still trading at $78 range.

Didnt know you work for an Oil Major...

anyway now i know who to go to for loan while the oil bulls rages on

locodemy:
This page is useless.No single thing to learn.Even tritri has join to discuss irrelevant issues.

Lets just shut down the page let everyone go home...

NSE is as dead as fried dodo...

Mfunkynation:
not increasing as i was expecting

Crude Oil Price hit $80 todays

I however still think our rates will go higher in the coming days....The pressure on Naira is enormous now

AUCTION RESULTS FOR TODAY 12/09/2018

91 DAYS - 11%

182 DAYS - 12.3%

364 DAYS - 13.50%

The list is not complete..We actually have over 84M Eligible voters now..

https://www.pulse.ng/news/politics/nigeria-has-84m-registered-voters-for-2019-elections-inec-id8821344.html

This is the total number of eligible voters in each Six Geopolitical Zone in Nigeria by INEC Nigeria

SOUTH EAST:
Abia 1,481,191
Anambra 1,758,220
Enugu 1,301,185
Imo 1,611,715
Ebonyi 876,249
TOTAL = 7,028,560

SOUTH WEST:
Lagos 6,247,845
Ogun 1,869,326
Osun 1,293,967
Ondo 1,558,975
Ekiti 750,753
Oyo 2,577,490
TOTAL=14,298,356

SOUTH SOUTH:
Edo 1,412;225
Delta 1,900,055
Bayelsa 472,389
Akwa Ibom 1,714,781
RIvers 2,419,057
C/Rivers 1,018,550
TOTAL 8,937,057

NORTH CENTRAL:
Benue 1,415,162
Kogi 1,215,405
Kwara 1,115,665
Nassarawa 1,224,206
Niger 721,478
Plateau 1,983,453
TOTAL 7,675,369

NORTH EAST:
Adamawa 1,714,860
Bauchi 1,835,562
Borno 2,730,368
Gombe 1,266,993
Taraba 1,308,106
Yobe 1,182,230
TOTAL 10,038,119

NORTH WEST:
Jigawa 1,852,698
Kano 5,135,415
Katsina 2,931,668
Kaduna 3,565,762
Kebbi 1,603,468
Sokoto 2,065,508
Zamfara 1,746,024
TOTAL 18,900,543.

GRAND TOTAL - 66,878,004

Today's auction rates are quite interesting..

Upwards swing come around again as reserves go below $46b for the first time in a long time...

Happy days are back again in treasury bills

How should I position in this market environment?

The last few months saw bond yields increase by 1.50/1.75%p.a. and currently between 13.5% to 14.8% p.a. for maturities ranging from February 2020 to April 2037.
We envisage this rise in bond yields will likely play out in the money market segment of the market, such as treasury bills and commercial papers, although at a slower pace.

On this note, we encourage investors to [b]stay in the short-end of the yield curve, such as investing in the Money Market Fund or very short-dated Treasury bills [/b]and with a plan to rotate into longer tenured fixed income investments in coming months.

#Copied

troy20:
Thank you. In other words fixed deposit is same as government bond. And at 18% percent per annum. Is the rate that high?

Fixed deposit is not the same as Government Bond.

Fixed deposits are investment instruments in Banks..

Government bonds are debt instruments issued by the governments be it LG, State or Federal

DeepLearning:
Can i invest in Nigerian treasury bill in US Dollar? If so, will I yield interest in USD and at what rate?

There is reason why its called Nigeria Treasury Bills. And our Legal Tender is Naira.

If you want to get Interests in dollars...Invest in Nigeria Eurobonds. But then You have to invest in Dollars and thereafter you get your coupons too in Dollars

How did the world bank know that we have 85M poor Nigerians in Nigeria Now?

I guess they will give their list to the FG

GODAKPAN:
U can become a billionaire from savings, it depends on how much you save. I drew a 20yrs plan to become a billionaire from savings and remain richer ever after.

Interesting...at what Interest rates are you calculating this and at what Principal to start with for a young Entry worker graduate staff of First bank Plc who earns about 120k monthly.

dotcomnamename:
Sick of percentage % dropping jor . I'm off to cashew farming... .. See you TB at the right time in Aug 2018.....

Nice one with your farming..but dont expect any rise in rates ....oil price still strong and reserves still doing well.

lets just get used to the low rates here or go and invest in Corporate bonds

Jejebaba:
Oga Feelamong came to NSEMPA today.
Market is dull oo, its better we go to cryptos where we can make 100% a day. Bitcoin already up 3.32% trading at 8,554 and its a good time since George Soros is interested and will be pumping a lot of money.

Just looking around bro...just incase there is any bargains out there

You dey talk about Bitcoin 3% gain when we dey talk about 100% gains in pundix and Monaco wey we just chop finish

zamirikpo:
So federal govt wants to stop paying my house rent

It is well ooh....

the party is over bro...

#lazyYootsNoDeyNaija

Agbalowomeri:
Even at that it is not gambling. Those who trade with TA have a system. I doubt if gambling has one

@PeterLBrandt
18h18 hours ago

Very unfortunate that a new generation of traders completely misunderstand charting. Charting does not provide predictions. Rather, it can:

1.) suggest possibilities, and;

2.) identify asymmetrical R/r trades.

PERIOD