What this mutual fund all about?

GonFreecss1:


Put that money in low risk mutual funds and keep topping it up slowly.

zamirikpo:


Like @Gonfreecss said , hope and fairy tales.... that refinery isn't owned by dangote alone, the money blocks in this country own huge shares and would stop at nothing to ensure they reap max. Profit. Let us pray he will sell below N135/litre.

Normally with local production ,we shouldn't but fuel more than N80/litre. Reason being that this my guyz in warri that cook diesel don't sell it above N40/litre, without any loan from govt or real technical know how. Yes they steal the CRUDE but even if u sell it to them , am sure cost will still be below N100/litre for diesel ooh. And sure u know diesel cost abt N240/l now. So therfore dangite ref. Shouldnt sell fuel above N80/litre, diesel N100/litre and kerosene N50/litre but alas watch what will happen,Just like the privatization of NEPA.....the difference won't be meaningful.


Shebi we have limestone in Nigeria, why did I buy cement N2500 last month, when I remember vividly around 2004/5 cement was sold for N700 bucks. Compare prices with other countries and see....

Nigeria MAY CHANGE but if u are above 20yrs now, o boy not in our lifetime.

I still dey vex

the problem is not the limestone now the factory was built on credit from oversea bank hence repayment are in dollars ,hence factory end product cement sold in naira must go up to meet dollars repayment..when cement was 1800 that 10 dollars (2014) now dollar is 305 x10 dollars =3005 hence dangote is even selling for around 8 dollars in real term they reduce price...sad that what u get living in an unstable economy

ahiboilandgas:
if that start today price will be 180 per litre pms

Really? You see what i am saying now.

Pascopele:
What this mutual fund all about?

https://www.nairaland.com/1912965/mutual-funds.
Start from here.

Agbaletu:

Really? You see what i am saying now.

yes ooh base on moman analysis I have an insight as a member ,the only reduction is the cost of international shipping,port charges ,ship to ship transfers this max out at 30 naira per litre with bring it down 190 against landing cost 220 it impossible to refine and sale at 145 unless crude price crash to 25 dollars or Nigeria govt gives crude at a discount to dangote which is risky cos they might refine some and sale some (round tripping) this will also not allow more investors build cos of biased

ahiboilandgas:
the problem is not the limestone now the factory was built on credit from oversea bank hence repayment are in dollars ,hence factory end product cement sold in naira must go up to meet dollars repayment..when cement was 1800 that 10 dollars (2014) now dollar is 305 x10 dollars =3005 hence dangote is even selling for around 8 dollars in real term they reduce price...sad that what u get living in an unstable economy

tanx for dis explaination....

ahiboilandgas:
if that start today price will be 180 per litre pms

Anyone with today's rate for secondary market TBs.

For the dangote guys, Dangote is building his project to make profits, there is no way he will be concerned with pricing just as he has never done for his cement and food items. He is here to rule with no mercy.

ahiboilandgas:
the problem is not the limestone now the factory was built on credit from oversea bank hence repayment are in dollars ,hence factory end product cement sold in naira must go up to meet dollars repayment..when cement was 1800 that 10 dollars (2014) now dollar is 305 x10 dollars =3005 hence dangote is even selling for around 8 dollars in real term they reduce price...sad that what u get living in an unstable economy

When did he build the cement refinery , has he not finished payments on the loan? The thing is even after loan repayment the price of cement won't go down.

zamirikpo:


When did he build the cement refinery , has he not finished payments on the loan? The thing is even after loan repayment the price of cement won't go down.

can't tell obajana was built in 2007 but dollar billionaire loan take several years of profits earnings to pay back example it can take dangote refinary 20 years to pay back 7 bn dollars that 1.4 trillion naira ....while 50bn dollars nigeria owe will take 30 years spread

ahiboilandgas:
yes ooh base on moman analysis I have an insight as a member ,the only reduction is the cost of international shipping,port charges ,ship to ship transfers this max out at 30 naira per litre with bring it down 190 against landing cost 220 it impossible to refine and sale at 145 unless crude price crash to 25 dollars or Nigeria govt gives crude at a discount to dangote which is risky cos they might refine some and sale some (round tripping) this will also not allow more investors build cos of biased

Wait ooh, so from what u are saying, that means we should be buying fuel at N230/litre presently. The govt is subsidizing the difference abi.

Ok.....give this ogharra boys that same CRUDE oil , they will provide PMS at N100/l , this Niger delta boys are doing it wella. And mind u a barrel of crude =160litres = 42us gallons.

The science of crude processing is simple.

No business man would choose to sell at a lower price when he can sell at a higher price.

So, people should stop thinking dangote refinery would make any difference. The refinery would start operation and Nigeria would still be the way it is to the common man.

zamirikpo:


Wait ooh, so from what u are saying, that means we should be buying fuel at N230/litre presently. The govt is subsidizing the difference abi.

Ok.....give this ogharra boys that same CRUDE oil , they will provide PMS at N100/l , this Niger delta boys are doing it wella. And mind u a barrel of crude =160litres = 42us gallons.

The science of crude processing is simple.

they are doing it at a disastrous cost to the enviroment and cancer risk,you would want to fuel your car with such fuel or risk of explosion in the kerosine or would you fly an airplane knowing well the hkk is from ogara boys.....their are modular refinary small in size and setup cost that can refine cheaper ...but nasally deseal like Ontario oil and gas is building a 20000 barrel for ago....there what we call flash points in fractionation the crude the point is not visible by mere looking it involve several lab test by chemist...it like a brewery selling star at 300 while ogogoro is 30 naira all it beer and highness assured

ahiboilandgas:
they are doing it at a disastrous cost to the enviroment and cancer risk,you would want to fuel your car with such fuel or risk of explosion in the kerosine or would you fly an airplane knowing well the hkk is from ogara boys.....their are modular refinary small in size and setup cost that can refine cheaper ...but nasally deseal like Ontario oil and gas is building a 20000 barrel for ago....there what we call [b]flash points in fractionation the crude [/b]the point is not visible by mere looking it involve several lab test by chemist...it like a brewery selling star at 300 while ogogoro is 30 naira all it beer and highness assured

Respect!.......

zamirikpo:


Wait ooh, so from what u are saying, that means we should be buying fuel at N230/litre presently. The govt is subsidizing the difference abi.

Ok.....give this ogharra boys that same CRUDE oil , they will provide PMS at N100/l , this Niger delta boys are doing it wella. And mind u a barrel of crude =160litres = 42us gallons.

The science of crude processing is simple.

The locally refined petrol and diesel are not good at all. Those guys still need more modern technology to make the separation better and cleaner. Few years ago, the diesel I used to get from those guys knocked the generating set at my project site in Yenagoa.

Agbaletu:

The locally refined petrol and diesel are not good at all. Those guys still need more modern technology to make the separation better and cleaner. Few years ago, the diesel I used to get from those guys knocked the generating set at my project site in Yenagoa.

only God know the number of persons that have die from the crudely refining process

Haypril07:


Yes, that is the money I have to invest for now.
Am still very new to this and I can't risk much of my savings/earnings because am a student.

What are the benefits that an investor can get by investing in the Government Securities?
Benefits of short term securities (i.e. Nigerian Treasury Bills)are: Yield / Income on investment is realizable upfront and can be automatically reinvested for a higher income. Yield / Income on investment is competitive with returns on other money market instruments of similar maturities. The securities have zero-default risk. Yield/Income on investment is tax-free. The securities can be used as collateral for short-term borrowing from banks. They are bearer securities and negotiable. Benefits of long-term securities are: Could serve as collateral for borrowing, Interest is paid half-yearly, It can be traded on the stock exchange and Investment has a zero-default risk.

Haypril07:


Yes, that is the money I have to invest for now.
Am still very new to this and I can't risk much of my savings/earnings because am a student.

Check this site:

https://www.cbn.gov.ng/FAQS/FAQ.asp?category=Government+Securities

Agbaletu:

Really? You see what i am saying now.

180? I don't think so! What is the landing cost of PMS by NAPIMS/NNPC? The last time I knew was 170 /liter, and they give it to marketers @#133.28 kobo. I don't think he would sell above the landing cost by FG. Though I stand to be corrected!

Speedyconnect15:


Story.

You are listening to NBS on inflation?

I lost hope in our stats when NDIC said Nigerians lost 18bn in MMM. There was no basis for that assertion.

I only accept some stats with a pinch of salt when it's ascertainable. Like saying that 1m students sat JAMB etc.


Again, Fisher's effect is not entirely correct.

Do you think inflation is higher or lower than 14%?

Agbaletu:

The locally refined petrol and diesel are not good at all. Those guys still need more modern technology to make the separation better and cleaner. Few years ago, the diesel I used to get from those guys knocked the generating set at my project site in Yenagoa.

My oga diesel cannot knock your generator ooh, at worst it will kill your injector. I agree the diesel they produce isn't pure put if u give those guyz a little encouragement u will be shocked.

80% of filling stations around the country patronize this local refiners, the only thing is their pdts comes with a lot of dirt

ahiboilandgas:
they are doing it at a disastrous cost to the enviroment and cancer risk,you would want to fuel your car with such fuel or risk of explosion in the kerosine or would you fly an airplane knowing well the hkk is from ogara boys.....their are modular refinary small in size and setup cost that can refine cheaper ...but nasally deseal like Ontario oil and gas is building a 20000 barrel for ago....there what we call flash points in fractionation the crude the point is not visible by mere looking it involve several lab test by chemist...it like a brewery selling star at 300 while ogogoro is 30 naira all it beer and highness assured

True, I get your point but with a little support this Niger delta guyz will get there.

WOW. A very big wow,people are informed oh. Please am here to tap from the big boys with knowledge,hope am welcome. Pls pls pls,am new to this treasury bills ish,have some loose cash to invest. Considering stanbic n gtb,which is better,which pays maturity upfront,3,6,& 12 months which is best and which bank is not likely to liquidate in d long term,which is best sha generally,please wld really love to hear from u all.

zamirikpo:


True, I get your point but with a little support this Niger delta guyz will get there.

yes their are small modular refinary they can build ,they can be group together to found one

zamirikpo:


My oga diesel cannot knock your generator ooh, at worst it will kill your injector. I agree the diesel they produce isn't pure put if u give those guyz a little encouragement u will be shocked.

80% of filling stations around the country patronize this local refiners, the only thing is their pdts comes with a lot of dirt

the problem is the process they need thermometer to know the temp the clean deseal with start coming out,then a flash point test to confirm it volatility this only a chemist can do but with eye

zamirikpo:


My oga diesel cannot knock your generator ooh, at worst it will kill your injector. I agree the diesel they produce isn't pure put if u give those guyz a little encouragement u will be shocked.

80% of filling stations around the country patronize this local refiners, the only thing is their pdts comes with a lot of dirt

But the generator packed up now, and I have to switch to a new one when I was given a bill running to almost one quarter of the cost of the generator just to fix it. Except if my boys connived with the generator repairer. The engine was filled with water and lots of dirts when I was called to check it. Anyway that was 5 years ago, maybe they have improved the refining process.
Especially in the ND region, most of the filling stations do get their supplies from them. I ensure that I never bought PMS from anyhow filling stations except NNPC as the time I was there.

I agree with you, those guys need more encouragement. Unfortunately, the government will never.

OvaSabi1:


Do you think inflation is higher or lower than 14%?

Same NBS reported that it was in the regions of 11%

But then, what level of credence should we give that.?.

Speedyconnect15:


Same NBS reported that it was in the regions of 11%

But then, what level of credence should we give that.?.

Sometimes I wonder how NBS gets their statistics. I don't think inflation is higher than 14%.

Speedyconnect15:


Same NBS reported that it was in the regions of 11%

But then, what level of credence should we give that.?.

You didn't answer my question sir.

Nigerian inflation is way higher than 14%, it could be near 19 percent in reality. On my way own i spend N30k/day = $83 in Nigeria just to live a normal life, anytime i visit a developed country like the US, UK or Spain i spend N9600/day = $26 just live a normal life.

On average it costs me $57 more per day to live in Nigeria.

Agbaletu:

Sometimes I wonder how NBS gets their statistics. I don't think inflation is higher than 14%.

TotoNaRubber:
Nigerian inflation is way higher than 14%, it could be near 19 percent in reality. On my way own i spend N30k/day = $83 in Nigeria just to live a normal life, anytime i visit a developed country like the US, UK or Spain i spend N9600/day = $26 just live a normal life.

On average it costs me $57 more per day to live in Nigeria.

Nawa o! I am short of words. Generally, prices of goods and services are overpriced in Nigeria. I wish more Tbillers can say something about this inflation of a thing.

Snail matters