₦airaland Forum

emmanuelewumi:
Not a good reason for the premature termination of a Treasury Bill Investment.

Nigerians don't have the staying power. A lady bought 7 years Sukuk, only for her to terminate it under a year because she urgently money.

The problem is that people just hear about the investment and will not do a detailed investigation on it but will just go and pack all their funds into it. For TBs, they quickly look at the upfront interest without taking into consideration of the fact that the fund will be locked down for that duration. I was always doing one year TB in August/September and it was strictly for the payment of my kids September school fees in boarding house and for one year rent.

Biafran4life:
No wahala,let it pass.we no they drag land.This is not really the thread I come to in the past.I only did TB once at 18% for my boy. The only paper investment I do is stocks.Dan flour paid me off like blood money.Can you imagine buying forte oil @ 30 and selling @290.,NB @22 and sold above #50. Imagine getting over 3000 dollars from Ubcapital you bought moons ago @1.20.Nevethless I have had loses oh in almost all insurance apart from aiico and nem.My highest lose was oceanic bank, tantalize,japaul,ABC,oando.This all happened before I discovered SMN.Divident stock is the best for me.
If what I read sometimes ago is true.That once you passive income can equate to 3x of your monthly expenditure then you are good to go for retirement.Then God is too faithful to fail me as I have over comed that like 5yrs ago

Oando wound many people. Those boys for there were just doing financial re-engineering anyhow.

Biafran4life:
He comments sometimes on stock trade.Person wan claim investment professional,watin oga Emma (human encyclopedia),Ogg, waaann$$$ ,wanajo and others.She thinks people who are here are hungry and looking for thr first tens of million.I have been in stock purchase far back ,2001.I had a vendor who always bring stock watch early 2000 before 2008 crash.Then all I wanted was I place to put cash other than bank.Participated in many ipo and private placement. One small girl will come here and be acting James bond because it is TB thread Make she go try am for stock thread as she claims professional.I see the rubbish she agreed that most people here are people of questionable or criminal character.I kept quiet because it is not so in stock thread .Is not really her fault because what is TB all about beside you go in at a particular interest rate, collect interest up front, reinvest if you want and go to sleep

Just like I advised a young man whose bro is in the fast lane in SA when the bro sent him 30M to keep because he was coming home in a year plus for building purpose.And he wanted to make something out of it .I took him to FBN and he got 15% for 364 days.The young man has not stopped thanking me because the amount he got and the upfront thing.He channelled iit nto his new biz which the bro gave him #5m to start too.He keep thanking because he has never hard of it and how easy it went through being a graduate.You see why she can support rubbish about the thread

I do not really follow the stock market thread here because of the way it is structured. In SMN, every stock had its own thread which made it easier to follow the discussions unlike what obtains in the stock market thread here where all stocks are discussed in one thread. Do not really know why Seun Osewa discarded SMN when he bought it.

Biafran4life:
Go and sit in the gutter.You want to justify you claim as professional investment figure head You think is by writing English without practical job or investment portfolio.I won't be surprised, i am even more knowledged in investment matters than you do based on academic qualifications.The real truth is that what you get in class room mostly when the motive is to pass exams and graduate is not like the knowledge you get in forums like this.If you go back to my post you will see whr I mentioned the two main purpose of TB.You can belong to the group that don't believe that Dan refinery when it comes alive it will make a difference,I do strongly believe it will.You just turned to be a man.Why didn't you dispute moons ago in my old post as you are cid in digging up old post
.
Finally your type have nothing to show me when it comes to accomplishment because an Abusite is ahead of naturally.My post has been on TB and the economy general.You can continue looking for loopholes in my comments as you can't find old post to place me.I can't be poor by his grace.I am on this investment threads to see how to create generational wealth as my late old man was millionaire if we use present parameter.You know what it is to buy 505 @11 k early 80.This is not supposed to be here but I know you are trying very hard to dig up old post to profile me.In the days of SMN my best individual was nosa because he no send you massage.How old are you slay queen?

So you follow us dey SMN?. Where Nosa dey self. The guy was very blunt and take no prisoners for people that are lazy. There was this other guy that was in Scotland that i have forgotten his name. Oga Emma aka Baba Landlord was a guru on SMN with the likes of Waaaannn$$$$ and Wanaj0.

emmanuelewumi:
Is lecturing not a job?

That is why i said part time. It is mainly to impact knowledge and practical experience gained from several years of being on the field. Just a few hours on some days of the week.

emmanuelewumi:
Partial retirement.

Maybe having a part time job or business that requires going their twice or thrice a week, spending 4 to 5 hours per day

Why not parttime lecturing where you can impact your knowledge and practucal experience to students?.

freeman67:
Confusion don't catch me wey want explain again...

At that price N68.60.

10,0000 unit = N689,000

The dividend is N8.1 X 10,000 = N81,000


Please what % of N689,000 is N81,000?

10,000 units at the unit price of N68.60 comes to N68.60 x 10,000 = N686,000 and not N689,000.

QuinModah:
I fired him ASAP, his inompetence stinks to high heaven.

How do you meet such tenant?
Arbitration?
What's was the ruling of this arbitration?
Is arbitration a court?

Such tenant will never pay, from experience.

Avoid the following tenants
- Contractors (They keep expecting millions from contracts that never happened, telling you how they know Sanwo-Olu and how his yet to pay for the road in Ikorodu or supplies they made to Alausa that are yet to be paid for)

- Business men (don't even make the mistake at all, before he says, "I am a bus....man", just tell him straight up, you don't give out your houses to business men, they are never truthful, mess up the house, give false information, bring more than the specified number of occupants the house can occupy)

- Pastors (it's a constant battle with them, telling church members that you are the reason for his lack of success, and when it time to pay, he tell you stories, that God will do a miracle. I would have mentioned churches but I'll let it pass)

- Lawyers (On no account should you lease to them)

- Artists ( You will spend more than the money you collected for damages and rent to put the house to a good taste, my property I lease to Asa in Surulere, I spent 950k to put the apartment in order before the current occupant could stay there)

In addition, ensure whoever you rent out the house to, their wives MUST be working. I learnt that here.

If you remove all these categories of people, who is left to rent to?. With the high unemployment in the country, how many people are actually gainfully employed?.

speak2lift:
Good day all, Gurus in the house - Please does anyone have an explanation as to why the share prices of dividend paying companies drop significantly after dividend payment is made. For instance, i have noticed that Zenith bank share price usually drops after they pay dividend for the outgoing year.?

Looking forward to your contributions please.

Once dividend is paid, the price is usually adjusted downwards for that amount of dividend paid. If a bonus is given, the price will also be adjusted downwards for that portion of the bonus. See the link below for information on bonus shares and its calculation.

https://www.cfajournal.org/calculate-share-price-after-bonus-issue/

ahiboilandgas:
how do u intend to prove relationship with sponsor? Sponsor is aboki and student biafran?

Away match was played while serving the country through the NYSC scheme.

.

Biafran4life:
Oga no body has moved to anything solar.Go around the small business Everywhere it is still generator.I better pass my neighbor. The medium and big businesses are still on generators.Abeg I am on the street and say what I see.Go to any plaza, or estate is all generator.All fast food, fueling stations,salon,banks,welders etc,Whr are you getting your own information.Hope you have not turned to APC

If solar is working as maishai is claiming, how come the GSM companies have not switched their base stations to it but are still relying on diesel powered generators.

ositadima1:
Their will be a diminished demand for petroleum products in d western countries, but in Africa not so much, I still see a lot of 90's cars on the streets. Most African countries cant generate enough electricity to run their basic needs talkless of using it to run vehicles.

50 years from now, the internal combustion engine will still be prevalen in most parts of Africa.

Gbam. People are buying 2001 Toyota Corrola and doing thanksgiving on it and somebody is saying electric cars will replace fuel cars. It might replace in Europe and US but not in Africa. People are still struggling to pay high electric tariff in Africa just to put on bulbs and fans. Is it charging of electric car they will use such for?. Closing down fuel car production plants might be a big opportunity for such to be moved to Africa.

emmanuelewumi:
People who can't build refineries should join forces to build one, they can now import 50% of the total volumes refined in their refineries to handle short fall if need be

I just weak for Ositadima1 that i had to give up on the round and round arguments.

I wonder why those that want to import cannot team up to build a refinery?. BUA is singly building one. So i wonder how Dangote wants to be the sole importer. NNPC also has refineries. If the importers cannot build, they should lobby for the privatisation of the current refineries and buy them off NNPC.

ositadima1:
That is d problem, u don't even follow my argument. Let other people who can't build refineries be allowed to import, open d market to all as long as u can afford to run d biz.. I am tired my friend. We are drunning round and round too much.

I follow your argument quite alright and i understand it. I do not agree with you that people should be allowed an open field to import. We need to develop the country and create employment for our teeming youthful population. I have kids growing up here. Where you want them to work?. As US and Canada cannot contain all our teeming youths, we need to keep the majority of them here and get them engaged. Giving our scarce dollars to people just to import fuel thereby creating employment in other countries does not cut it for me. it is even a shame that we sell crude oil and then import fuel. It is like a cassava farmer selling cassava and perpetually buying garri with the proceeds from those he sold the cassava to. Where i come from, such a farmer will be the butt of jokes in any gathering.

You want to import fuel, then build a refinery even if na 1,000 barrels.

I support Dangote proposal 100%.

Btw, you saw what happened in US during the pandemic where people were queueing and fighting over common tissue paper. That is a result of allowing everybody and everything to be imported.

ositadima1:
Some people want MTN saga to happen all over again. Have u forgotten how MTN milked Nigerians dry when dey where dominating telecom space.

Did other GSM companies sit and be complaining or they ramp up their operations to give MTN competition?. MTN said that they could not do per second billing. Adenuga did not sit down and be complaining. He got a license. Came up with Glo and started with per second billing which forced MTN to do per second billing.

The Cable TV company that came to compete with DSTV got EPL rights but instead of strategizing on long term, the man thought he had arrived and started living lavishly and the company crashed.

ositadima1:
My Brother, Dangote refinery will not stop importation of refined products. They know that na, that is why they are proposing limiting imports to only "refinery owners". Let's not be going in circles.

My beef is why should it be only refinery owners, they even want it to be proportional to the size of d refinery output effectively putting him in charge. Why do they want to corner the whole space to themselves?

Those with refinery licenses should at least go and build 5,000 barrels refinery and then join the fuel import train. If we have 20 of such 5,000 barrels refinery owners importing, they will collectively give Dangote a run for his money.

ahiboilandgas:
they should be allowed to import but source dollars from where na ?

Source dollars from US now. Shebi dollars full US.

ositadima1:
Even USA with d second highest number of refineries in d world imports refined petroleum products. You can check that.

Like I said before, d market will re-balance itself. If Dangote and other refineries can sell cheaper d other importers will be forced to downsize, in a situation where Dangotes sell higher dan attainable the imported will ramp up. It is a normal natural process.

Nigeria is a developing country while US is a developed country. Btw, did US start by allowing everybody to be importing fuel?. I hope you know that the US owns the dollar that is being used for the import. If we can import with the Naira, why not in allowing everybody to import. Me too go join the fuel import gang with my Naira.

ositadima1:
Did u follow my argument or u dey find my mouth? Where did I say Dangote should not be allowed to build refinery or open businesses?

Others with licenses should go and build refineries so as to prevent Dangote from being a monopolist.

ositadima1:
Allow people who only want to import do there thing and let d market decide, but no u want a monopoly. In future when you start experiencing higher prices than compative markets don't complain o.

The worst is that monopolies can gain political powers and the ability to shape society in an undemocratic way. It is already happening.

Import with Naira or with which dollars?. You allow import with the country's dollars and create employment in another country while complaining of lack of jobs in the country thereby making people to celebrate picking of a call because they got US and Canada visa.

ositadima1:
I have no qualms against any one. Whatever dey do they should not allow a few individuals too much power.

You are doing TBs now while some others are not. When you collect your upfront interest, the same people will say Ositadima1 has been favoured by the government as if you prevented them from buying.

tempusfugit:
I WILL ADD ALSO ALOT OF AMERICANS RE GOING TO EUROPE FOR HEALTH TREATMENT AND EDUCATION ESPECIALLY GERMANY

Dem don dash them $1.9trn stimulus again and they are already looking at the sneakers and latest Iphone to buy with it.

ositadima1:
This is good, that is if they actually build them.

The way others were given and they refused to build is the same way Dangote was given and he built. So if they refused to build and instead want to be importing to collect fictitious subsidy, they should not come and complain in future that there is no competition. Abi na government wen give the license go build for them?.

ositadima1:
U said 5 and not 1

They became 5 because others went in instead of complaining whereas the space is open.

How many people are in cement?. Orient petroleum got a refinery license and did foundation laying decades before Dangote. Where the refinery?. BUA is taking advantage and is about to also start building. Did you hear him complain?.

ahiboilandgas:
they have more problems to tackle in their home country than worrying about Nigeria business clime ......u have 10m homeless people over 1 trillion in student loan ,racism, white supremacist etc u jump all those na Dangote in west africa be ur problem

Shuooo. So a whole America has homeless people?. How people go dey homeless in a supposedly heavenly country?.

Donbrig:
@ahiboilandgas, thanks for educating ositadima1 on this issue. I don't really know how to argue with people, everyone is entitled to his/her own opinion, we all want the best for Nigeria.

We should also understand that oil and gas with new refineries are not the only sector that can improve our economy. There are several sectors that are yet to be tapped into, particularly agriculture and metalic minerals like, gold, silver, tin, copper, lead, zinc, iron, nickel, chromium and aluminum.

Nigeria could earn more billions of dollars from these metalic minerals if we can harness them judiciously.

Nigerians complaining now will not go into the metalic materials sector now. If Dangote finishes with the refinery now and moves into that sector, people will now jump out and be shouting about Dangote taking over the sector. Orient petroleum was given a refinery license decades ago. After the foundation laying with so much funfair, nothing else happened. I support the Dangote proposal of 'no refinery, no license to import'. MBA collected N170B from people. Wetin him take am do?. Live flashy lifestyle. Where are all those that collected huge sum from subsidy scam?. They should use the subsidy scam money to build a 5,000 barrel refinery. The various petroleum marketing unions should form an SPV and build a refinery for their members. That is how competition is done. The space is open and big enough for every player. Enough of this continous bashing of Dangote.

SanctifiedSista:
Thank GOD for Farm4me
I will.be using that till I see another trusted one

Please continue. Use your village town crier to spread the good news to every nook and cranny of your village. Iam sure that once they hammer like you, they will give you a Chieftaincy title.

emmanuelewumi:
They were warned. What do you expect.

A young guy who has never handled N5 million in his life, asked investors to invest about N20 million in his purported farm. At the end of the day he got over N100 million

Iam sure the guy don jakpa to Canada or US or UK or Australia.

emmasoft:
4.5%

364 day TBill is now out performing it.

emmanuelewumi:
When is the next outing for Treasury Bill investors in the primary market?

Oga Emma, are you about to shift to TBs?.

Lazyyouth4u:
Please redo the projections with these assumptions.

1. Most people retire around 60 to 65 and are assumed to live for another 25 years. So assume that the money is expected to last for 25 years. So at retirement, he starts with 4m for the year. This should be sufficient for a healthy couple na.

2. From year two, assume that 4m annual cash withdrawal will be increasing with inflation. So for example, year two withdrawal will be 4m * 1.08 and so on. This assumes your 8% inflation is correct.

3. The man no get any serious health issues and no dependents.

4. The man has his own house.

If the balance after withdrawal of annual spending money is being compounded and growing at 10% minimum rate of return, the money suppose last the man until he die na.

If by mistake he and wife lives longer than 25 years, then they are on their own o . Or maybe the kids will step in to assist

But wait o, wetin old man and him wife wey no get any other responsibilities apart from feeding go need all that money for?

He go need all that money to dey sponsor trouble makers for him village and carry small small girls.