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Investment / Re: Treasury Bills In Nigeria by Olaide1295: 6:07pm On May 13, 2020
emmaodet:


Bro, the way you are monitoring this forex of a thing, do you want to go into Round tripping?

I'm curious, do you see round tripping opportunities in the current market?
What institutions will sell at the I/E rates?
Investment / Re: Treasury Bills In Nigeria by Olaide1295: 4:11pm On May 04, 2020
ahiboilandgas:
the truth is that oil and gas business (downstream) is going to change forever with the liberalization of pms price .margins is going to be a disaster and cannot sustain a filling station ..filling station will take the 1st hit , follow by trucking,then depots then vessels then foreign refinaries ....the same way dangote did to cement...so i hope oil and gas business is not the enterprise stoping you from migrating...the president of ipman (my oga) has been pulling back and buying properties....
Oga Ahib, what opportunity does the Dangote refinery present for local entrepreneurs?
I know about real estate in that area, do you think it would be a good idea to buy and build properties in that area in anticipation that Dangote staff will rent?
What other opportunities are there?
Investment / Re: Treasury Bills In Nigeria by Olaide1295: 8:49pm On Apr 29, 2020
ahiboilandgas:
Dangote will come with a story that equipments and raw materials still need to be imported he need forex....
Dangote will earn dollars for his refined oil exports. Is he mandated to bring back his revenue in to Nigeria and convert to Naira?
It won’t pay him to be the defender of the Naira. Using his own money to protect a national currency.

4 Likes

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 6:26pm On Apr 29, 2020
ahiboilandgas:
that building investor confidence i guess , i hope it not audio it supposed to be in the books ( so that they can be held responsible) if books are Cooked ...i saw cash reserve of 285bn naira in their books , why i wanted to see where an i idle 1 bn dollars will be kept by a Nigeria entity
Hmm, okay.
Anyways, what do you think will happen to the Naira if CBN floats it?
Investment / Re: Treasury Bills In Nigeria by Olaide1295: 5:42pm On Apr 29, 2020
ahiboilandgas:
please i went through the 81 page doc on my phone cant find the 1.3bn reserve..pls help me screen shot the part if u can ....i need to know where to hid my small $$$

It is an investor call where key shareholders ask the CEO questions. The audio is on their website.
The question came in around 36:30 and Segun Agbaje mentioned their Dollar holdings is at about 1.3 -1.4 Billion$

1 Like

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 4:12pm On Apr 29, 2020
ahiboilandgas:
please link? Where is the money kept in euro bond or bank vaults in cash...
Here’s the link.

https://www.gtbank.com/investor-relations/investor-news/2019-full-year-investor-conference-call

They also hedged their loans to Oil companies at $50/barrel. So they are not exposed to the oil price crash.
Investment / Re: Treasury Bills In Nigeria by Olaide1295: 2:51pm On Apr 29, 2020
ahiboilandgas:
http://thenewsnigeria.com.ng/2016/03/shocking-20-billion-idle-in-banks-as-govt-begs-for-5b-external-loan/
I listened to GTB earnings call days ago, they have $1.3Billion in dollars(not customer deposits). They are also hedging against devaluation.

2 Likes

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 12:51am On Apr 28, 2020
Adefajofashola:
Please if i invest my 1million in fixed deposit of 5% interest rate, what will be my gain in a month, i had someone saying 50k.


5/12*100 of the original investment.

I think your gain = NGN 4166.66667 per month

1 Like

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 12:23am On Apr 28, 2020
missjekyll:


I see you took out a loan in order to invest. That was probably not the wisest decision you could have made. please pay off that loan first before investing.

Secondly ,agric tech is still a very new area. the risk is high. however you are young enough to recover if the untoward happens.

I must commend your interest in investing. if you avoid common mistakes,you will go far.

The loan is at about 15%(effective interest is less since i'm paying monthly) while the investment yields 30% in 9 months.
I took the loan in January and have paid back 300k now. The goal is to use debt to finance my investments.

I am not from a wealthy background so when i made my first big money two years ago, i invested the entirety in building a student hostel in Ibogun for OOU students. (I thought real-estate will never let me enter poverty again)

The house is not 100% complete though but it gives me a measly 600K annual instead of the projected 1.2M. I regret the investment as its neither liquid or giving good returns.

Agric tech is insured though. I will risk it for two years and start looking to see if i can hedge/double insure it from the third year.

5 Likes

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 10:33pm On Apr 27, 2020
emmanuelewumi:



I don't understand it, i have issues with the ability of the promoters to sustain it, so I don't do it that doesn't mean you can't make money from it

The sustainability right here is my fear.

I am 23 and i intend to invest 200k monthly (at 20 - 30% returns) and let it compound till i am 43 (Asides my pension fund). To compound faster, i also took a 1M loan from GTB which already invested and i'm already paying back.

The firms claim to be insured by Leadway but i know well not to trust these insurance companies when problems arise.

1 Like

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 9:26pm On Apr 27, 2020
I have been a silent reader of this thread for years now. Indeed, i have learnt so much about investments here.

@EmmanuelEwumi, whats your take on Digital Agricultural investments?
Business / Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Olaide1295: 12:05pm On Apr 13, 2020
$3000 bitcoin needed daily

Buying at current market rate.

All wallets are welcomed.

Instant payment is guaranteed.


https:///2348109753383
Travel / Re: Coronavirus: 23 Nigerian Returnees Arrive Seme Border From Lome by Olaide1295: 3:47pm On Apr 12, 2020
humilitypays:
Hmmm
this is why black race will never progress beyond where it is today.


Chinese see themselves as Chinese, no other discrimination.


White people see themselves as Caucasians no matter their nation, they respect and value each other and help each other.

Only blacks and Arabs discriminate against each other by further division they call tribe and ethnicity; I am Igbo, I am Yoruba, I am Fulani, I am Hausa, I am Ijaw, I am Bini, I am Idoma, I am Birom, I am this and that, and yet the whole black nations are in ruins looking like slum.


No unity, no organisation, no communal goal, no communal progress, no collective success, everybody is fighting a lone fight to outshine others and hence hatred, rift, bloodshed, disunity, corruption, favoritism, marginalization, sectional development, lopsided political appointments leading to poor performance, corruption, underdevelopment and total destruction of black nations.


Every other race hate and mock black people yet black people hate each other and cannot join efforts together to progress and surprise other races seeing them as monkeys and apes, it is really a shame to be born black, it is a shame that I am one of you black people cry

Hi,

Don’t say “will never progress beyond”. Instead say “has not progressed beyond”

The little change gives a bit of optimism that if we begin to see ourselves as one like you said, we will make progress.
Investment / Re: Treasury Bills In Nigeria by Olaide1295: 8:55pm On Apr 06, 2020
bjtinz:


Preciously. I know some the gurus have said it will rise again, but honestly I really don't see that happening in the near future. CBN know that even at 1% people will still rush the TB, so there's really no incentive to increase rates.

The people rushing the T-bills are Institutional investors like Pension funds etc. Those people have much funds at their disposal and are ready to buy at any rate.

5 Likes

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 10:56am On Mar 31, 2020
arena07:
I doubt if lot of people will still subscribe to Naira TB and Bond with what is going on in the country....

Pension funds, Banks etc will continue to invest.
The law limits what pension funds can invest in.
Investment / Re: Treasury Bills In Nigeria by Olaide1295: 10:38pm On Mar 20, 2020
Unified exchange rates

1 Like

Investment / Re: Treasury Bills In Nigeria by Olaide1295: 1:45pm On Mar 20, 2020
Properties / Re: Investment ADVICE by Olaide1295: 6:12pm On Jan 21, 2020
SInce this is an investment decision, You have to look at the numbers of both options.

Where will the apartment building be located and whats the annual rent on a 3 bedroom?

For the hostel, multiply the expected rent of a room by 30. The figure you get should be less than 10% of the total amount the building will cost you.
Business / Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Olaide1295: 10:41pm On Jan 16, 2020
Less than 0.1 bitcoin needed.

Quote me
Family / Re: Get In Here For Your Quality And Affordable Shoes by Olaide1295: 11:51pm On Nov 06, 2019
anuoreangel:
Original Adidas sneaker

Adidas shark sneakers

5 pairs above 7500/pair
Less than 5 pairs 8500/pair
1 pair #9000
Size 41-45
Lagos

07013050882

Where is your shop please?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 12:35am On Sep 26, 2019
Hi guys,

I need help in getting stock market data. Historical.
Anyform is fine but preferably over API
Politics / Re: FG Approves Construction/Rehabilitation Of 15 Roads At N182b by Olaide1295: 11:19pm On Sep 13, 2019
z
Science/Technology / Re: China Germinates First Seed On Moon by Olaide1295: 10:22am On Aug 17, 2019
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Business / Re: A Plot Of Land Available In Ibeju Lekki For Sale by Olaide1295: 10:57am On Jul 19, 2019
Where in Ibeju?
Let’s talk on Whatsapp
NYSC / Re: Prospective NYSC 2019 Batch B Corps Members Thread by Olaide1295: 8:23pm On Jun 05, 2019
valETA1:
I registered on Monday I've still not able to print my green card, when I hear some pple had started printing theirs, how many days does it take for it to appear in ones dashboard ? And is it possible for someone registering and not get green card or callup ?
Have you seen your call up number?
Family / Re: House Clearance Sales.. Come In Here!!!! by Olaide1295: 3:49pm On Apr 28, 2019
Skyfornia:


Add something on top...
Boss na hustle, money no dey.
If you agree to 5, just flash me . i'll call and pick it up in today.
Family / Re: House Clearance Sales.. Come In Here!!!! by Olaide1295: 12:45pm On Apr 28, 2019
Skyfornia:


Still available, price has been reduced to 7k
Chief, take 5k and I’ll come pick it up today.
Family / Re: House Clearance Sales.. Come In Here!!!! by Olaide1295: 5:12pm On Apr 21, 2019
drmikeadams:
grin nice
What size?
Science/Technology / Re: China Germinates First Seed On Moon by Olaide1295: 9:16pm On Apr 15, 2019
nijabazaar:
A small green shoot is growing on the moon after a cotton seed germinated onboard a Chinese lunar lander, scientists said.

The sprout has emerged from a lattice-like structure inside a canister after the Chang’e 4 lander touched down earlier this month, according to a series of photos released by the Advanced Technology Research Institute at Chongqing University.

“This is the first time humans have done biological growth experiments on the lunar surface,” said Xie Gengxin, who led the design of the experiment, on Tuesday.


Plants have been grown previously on the International Space Station, but this is the first time a seed has sprouted on the moon. The ability to grow plants in space is seen as crucial for long-term space missions and establishing human outposts elsewhere in the solar system, such as Mars.

Harvesting food in space, ideally using locally extracted water, would mean astronauts could survive for far longer without returning to Earth for supplies.

The Chang’e 4 probe – named after the Chinese moon goddess – made the world’s first soft landing on the far side of the moon on 3 January, a major step in China’s ambitions to become a space superpower.
Family / Re: House Clearance Sales.. Come In Here!!!! by Olaide1295: 11:32am On Apr 12, 2019
Gutwrench:
I've been trying to but its not working. I prefer to post here too so people can see. Will keep trying.

Cant find your number. Send me a whatsapp message
Zero 810975338 three

1 Like

Programming / Re: So I Asked Myself : How Do I Learn Machine Learning With Clojure? by Olaide1295: 7:56pm On Apr 05, 2019
Hi @Nijabazaar.
Is there a way to reach you? My number is in my signature.
Say hi and i'll take it from there.
Technology Market / Re: Sold Cotek 3000W 48V Pure Sine Wave Inverter For Sale by Olaide1295: 9:55pm On Mar 31, 2019
Is that the battery beside it?
Is it included with the price?
Where in Lagos?

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