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Treasury Bills In Nigeria - Investment (1280) - Nairaland

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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)

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Re: Treasury Bills In Nigeria by LegitBitcoinBuy(m): 8:29am On Jun 02, 2020
Boyhood:
*Unregistered Investors For E-Dividend Payment*

Unclaimed dividends increased from N109.1 billion in Devember 2016 to N130 billion in December 219 (SEC, 2020)

You can however search if you or your loved ones have unclaimed dividends using Security and Exchange Commission Portal and
claim your dividends with these steps.

Step 1: Input your first name and last name into this link https:///exQBBrd to get a list of your shares from SEC.
This will give you a screenshot of all the companies you have shares in, and the registrars in charge.

*Note:* if you have changed your name due to marriage or other reasons, search with your previous name and also try different format of name e.g those with prefixes e.g 'Olu', 'Oluwa' etc

Step 2: Take note of your registrar’s name.
A registrar, is the company that keeps the shareholder’s details for other companies. So, your shares could have data with different registrars.

Step 3: Download and fill your registrar’s form which is beside the company's name on the website.

Step 4: Submit your form.
Some companies require you to go to your bank and get a bankers confirmation, so they can initiate the e-dividend form for you.

Once this is done, your account will be credited automatically with the e-dividend going forward.

*© Gboyega Ojuolape*


*PS:*
You may check for your late parents names who died intestate.

What about a person that’s just starting out?

Say hypothetically, if someone registers through a company like United Capital to buy shares how would such a person register for his own e-dividend ?
Re: Treasury Bills In Nigeria by XiaoLi: 8:36am On Jun 02, 2020
Oga this matter don pass na no bring am up again, do you think Naira will appreciate in this week?
deleson:
Call a spade, a spade.

He was outrightly wrong with his perspective on residential and commercial property.

Your explanation falls inline with his thought, which he felt should be understandable to all, but that was not so because enlightened minds know that renting out a residential property doesn't convert it to a commercial property in the context of government classification.

He also has a myopic, anti-social, demeaning act of outrunning himself on issues he's ungrounded in, and would attempt to cyberbully folks at the slightest point dissonance of perspectives...What a man!

All una sef get time to dey follow such a man trade words!

4 Likes

Re: Treasury Bills In Nigeria by IamR: 9:30am On Jun 02, 2020
deleson:
Hello,

Just checking if had a closure on this issue.

Also, I'd like to know (from you or anyone else with experience) if Eurobond payout are made in Dollar or Naira.

Thanks.

1 Like

Re: Treasury Bills In Nigeria by NL1960: 9:47am On Jun 02, 2020
ojesymsym:
Just to ensure I am on same page with you. I am a strong advocate of produce in Nigeria, but the fact remains, Nigerians will rather adjust and go for imported products. You asked if rice was 30k and local rice was 16k, I tell you that many people to claim high social class will go for the foreign rice as long as it is available. That will mean importers will bring and adjust their price to the new rate.
Just like the phone seller just said, people will grumble but they will still buy it. Ever wondered why products produced in Aba have to carry international labels just to be able to sell them?

What if the money is not there?. Those that can afford the foreign rice at that high rate are few.

Btw, i use to buy foreign rice and share to people. When the price of foreign rice rose, they told me to buy local rice for them as that will ensure that it gets to so many people instead of the few that will share the foreign rice. Pikin wen dey hungry no know the difference between foreign and local rice. cool

2 Likes

Re: Treasury Bills In Nigeria by deleson: 9:57am On Jun 02, 2020
Same thing I said to my aboki exchanger when he bought my dollars for N450. I simply thought of the impact on the whole country, me inclusive.



ahiboilandgas:
i dont want the naira getting destroyed cos it will hurt us all in the end ...
Re: Treasury Bills In Nigeria by olujaidi: 10:12am On Jun 02, 2020
deleson:
Hello,

Just checking if had a closure on this issue.

Also, I'd like to know (from you or anyone else with experience) if Eurobond payout are made in Dollar or Naira.

Thanks.


Dollar

1 Like

Re: Treasury Bills In Nigeria by dejiotus: 10:26am On Jun 02, 2020
Good morning my big Oga Mr McJay.
I have to agree with you o, that it is more sensible and wise just to waive the two months rent for the sake of peace and to get rid of a bad tenant. Tenants just need to know that legally any additional time spent needs to be paid for in full.

I will be grateful if you or any of our big Ogas and Madams in the house has a Know your Customer "KYC" template for prospective tenant, that can be shared. Landlords among us should please regularly inspect the meters in their properties to ensure there is no illegal or "bypass" connection. My tenant in Magodo absconded and left me a bill of 945 thousand naira (yes just under 1M naira on a prepaid meter o!!!) to pay, when she was caught by the Ikeja Electric Vigilance team. She did not pay even one kobo for electricity over the preceeding 4 months. She had apparently engaged someone to tamper with the prepaid meter as electricity supplied was not being read by the meter. The property was charged 150K per month, for 6 months as loss of revenue plus 45K as VAT. My case is still unresolved and with the NERC regulator

MrMcJay:


I'm advising that he cuts his losses and moves on. If you decide to bring an action to recover unpaid rent and recover possession, how much would you spend on legal fees and for how long are you ready to drag it?
Now, calculate her unpaid rent for 2 months and decide which is easier to forgo.

Bad tenants can ruin an otherwise profitable investment. I have a client who is selling his 13 units of terraced duplexes at Magodo just because of tenants wahala. Prospective tenants are willing to pay 4M per year per duplex but he has refused, he's stuck to selling.

4 Likes

Re: Treasury Bills In Nigeria by Alaska90(m): 10:39am On Jun 02, 2020
IamR:

I got my statement almost 6 months of venturing into Eurobond and I saw that my capital was less of over 1k$ as at that time. I have applied for liquidation. I will write about it when I get it within one month as stated in their letter to me instead of 72hrs. Leaving the money with them will incur more losses. I have consulted one or two Gurus outside Nairaland and I think the best thing is to liquidate the investment.

Would I get it within one month? I am not 100% sure. My lawyer is on standby though


Hello IamR

Please can you expatiate on the bold part....I thought Eurobond is a fixed income investment ?

Did you loose that amount because of early liquidation ?

Re: Treasury Bills In Nigeria by Nobody: 10:42am On Jun 02, 2020
Boyhood:
*Unregistered Investors For E-Dividend Payment*

Unclaimed dividends increased from N109.1 billion in Devember 2016 to N130 billion in December 219 (SEC, 2020)

You can however search if you or your loved ones have unclaimed dividends using Security and Exchange Commission Portal and
claim your dividends with these steps.

Step 1: Input your first name and last name into this link https:///exQBBrd to get a list of your shares from SEC.
This will give you a screenshot of all the companies you have shares in, and the registrars in charge.

*Note:* if you have changed your name due to marriage or other reasons, search with your previous name and also try different format of name e.g those with prefixes e.g 'Olu', 'Oluwa' etc

Step 2: Take note of your registrar’s name.
A registrar, is the company that keeps the shareholder’s details for other companies. So, your shares could have data with different registrars.

Step 3: Download and fill your registrar’s form which is beside the company's name on the website.

Step 4: Submit your form.
Some companies require you to go to your bank and get a bankers confirmation, so they can initiate the e-dividend form for you.

Once this is done, your account will be credited automatically with the e-dividend going forward.

*© Gboyega Ojuolape*


*PS:*
You may check for your late parents names who died intestate.
Thanks for sharing!
Re: Treasury Bills In Nigeria by Nobody: 10:50am On Jun 02, 2020
dejiotus:

Good morning my big Oga Mr McJay.
I have to agree with you o, that it is more sensible and wise just to waive the two months rent for the sake of peace and to get rid of a bad tenant. Tenants just need to know that legally any additional time spent needs to be paid for in full.

I will be grateful if you or any of our big Ogas and Madams in the house has a Know your Customer "KYC" template for prospective tenant, that can be shared. Landlords among us should please regularly inspect the meters in their properties to ensure there is no illegal or "bypass" connection. My tenant in Magodo absconded and left me a bill of 945 thousand naira (yes just under 1M naira on a prepaid meter o!!!) to pay, when she was caught by the Ikeja Electric Vigilance team. She did not pay even one kobo for electricity over the preceeding 4 months. She had apparently engaged someone to tamper with the prepaid meter as electricity supplied was not being read by the meter. The property was charged 150K per month, for 6 months as loss of revenue plus 45K as VAT. My case is still unresolved and with the NERC regulator

Wow! I thought am safe with the prepaid meter installed in all my properties. Did you call a nepa official to inspect the tenants prepaid meters or an electrician?

3 Likes

Re: Treasury Bills In Nigeria by olujaidi: 10:51am On Jun 02, 2020
deleson:
Same thing I said to my aboki exchanger when he bought my dollars for N450. I simply thought of the impact on the whole country, me inclusive.

ahiboilandgas:
i dont want the naira getting destroyed cos it will hurt us all in the end ...

Isn't it wiser to attempt to come out better off personally than to suffer it along with everyone else?
Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:59am On Jun 02, 2020
olujaidi:




Isn't it wiser to attempt to come out better off personally than to suffer it along with everyone else?
I see CBN devaluing the naira again.
Dollar don pick race again this morning as Buhari said na June 21 them go open everywhere.
Also NNPC blundered last night to hint they make just $3 profit a barrel of oil at their $25 benchmark because they spend up to $22 just to produce a single barrel of oil.
This has boost speculator confidence and the slow and steady upward rate of the dollar has begun.
Whoever that don't want to buy local produce should get ready to plunder his reserves till kingdom come.
400 range is naira's new reality apparently.

4 Likes

Re: Treasury Bills In Nigeria by habayommy: 11:00am On Jun 02, 2020
MrMcJay:


Agric C of Os are also very much genuine, it's just that the purposes differ from that of Residential or Commercial C of Os. Once they tell a any property is covered by a CofO, try to check 4 things.

1. The propose of the CofO. It is usually written on the front page. Residential, Agricultural, Industrial, Mixed-use, Commercial or Utility.

2. The time span of the CofO. This is written inside the C of O, page 2 or 3. No CofO is issued for infinity and the longest time span is usually 99 years for Residential CofOs. While Agric C of Os have a short lifespan of about 15 to 25 years, others are for much longer.

3. Commencement. The time the CofO commences is very important. It is written on the front page of the C of O and determines when it starts and the remaining lease left on the land. If you get a C of O commencing from 1991 and to last for 99 years, it means it is to expire in 2090 and you have 70 years left on the lease.

4. Covenants. This is very important because these are the hidden clauses where the main terms of the grant are hidden. The conditions upon which the CofO are granted are written here and it is advised that you read them properly.


Thank you for this information.

2 Likes

Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:07am On Jun 02, 2020
AdaoraNK:
Even if oil price reaches $50, its still not enough to to pull out the naira from 400 range
I think you are right.
What happened yesterday is clear proof that they don't even have enough liquid to intervene in the fx market even if they wanted to.
Speculators have become confident again.

5 Likes

Re: Treasury Bills In Nigeria by olujaidi: 11:12am On Jun 02, 2020
Theconglomerate:
I see CBN devaluing the naira again.
Dollar don pick race again this morning as Buhari said na June 21 them go open everywhere.
Also NNPC blundered last night to hint they make just $3 profit a barrel of oil at their $25 benchmark because they spend up to $22 just to produce a single barrel of oil.
This has boost speculator confidence and the slow and steady upward rate of the dollar has begun.
Whoever that don't want to buy local produce should get ready to plunder his reserves till kingdom come.
400 range is naira's new reality apparently.

Lol. I think the only thing that can improve this is sustained cash intervention. Thus far, that hasn't happened. I think they've chosen to protect the reserves as much as possible - maybe gathering the necessary firepower to intervene.

I don't think the NNPC "blundered". It's been that way for years. It's just a Google search away. Kachikwu attempted to reduce it but obviously his efforts were unsuccessful.
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:13am On Jun 02, 2020
olujaidi:




Isn't it wiser to attempt to come out better off personally than to suffer it along with everyone else?
if u sell u dollars u will still go and buy in the future ...u need it continusely

1 Like

Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:16am On Jun 02, 2020
ahiboilandgas:
if u sell u dollars u will still go and buy in the future ...u need it continusely
He is not limited to exchanging his naira for dollars.
What if he also looks for a way to start earning dollars?Have you also thought about what will happen to his standard of living if he does this?
Devaluation will make Nigeria an export based nation with everyone scrambling to earn fx.
That is what we need right now.

3 Likes

Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:18am On Jun 02, 2020
olujaidi:


Lol. I think the only thing that can improve this is sustained cash intervention. Thus far, that hasn't happened. I think they've chosen to protect the reserves as much as possible - maybe gathering the necessary firepower to intervene.

I don't think the NNPC "blundered". It's been that way for years. It's just a Google search away. Kachikwu attempted to reduce it but obviously his efforts were unsuccessful.
Men it's bad.
Yesterday's own was shocking.
It has been very opaque for a while with people guessing its COP but it was worrisome to the point where the Senate had to set up a committee to probe this production cost.

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 11:19am On Jun 02, 2020
Theconglomerate:
He is not limited to exchanging his naira for dollars.
What if he also looks for a way to start earning dollars?Have you also thought about what will happen to his standard of living if he does this?
Devaluation will make Nigeria an export based nation with everyone scrambling to earn fx.
That is what we need right now.
really...we have been devaluing since 1980 ..

3 Likes

Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:22am On Jun 02, 2020
ahiboilandgas:
really...we have been devaluing since 1980 ..
And GDP has been increasing since 1980....

2 Likes

Re: Treasury Bills In Nigeria by pluto09(m): 11:31am On Jun 02, 2020
ahiboilandgas:
really...we have been devaluing since 1980 ..


Devaluation will not solve our problems. We don't have to devalue before we diversify our revenue base.

5 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 11:33am On Jun 02, 2020
Theconglomerate:
And GDP has been increasing since 1980....
like wise the poverty and all negative index ....if strong countries like Turkey will be worried about devaluations ..i dont Nigeria should be happy...a 30 percents drop in the Lira caused alot of panic...they are very industralized and a mid income Nation

5 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 11:34am On Jun 02, 2020
pluto09:



Devaluation will not solve our problems. We don't have to devalue before we diversify our revenue base.
it wouldnt ,it has not and will not ..a 30 year experience has proved that...

6 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 11:38am On Jun 02, 2020
The growing Nigeria Gdp is useless and audio it is not reflected in the populace....china Gdp grew and boom 500m Chinese are off poverty....and everwhere it china made products...boom Nigeria Gpd grew poverty ,kidnappings,unemployements jumps to 1000 percents ....The Gdp is growing in the families of political appointees and is driven by crude oil explorations and not real work

16 Likes

Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:41am On Jun 02, 2020
ahiboilandgas:
like wise the poverty and all negative index ....if strong countries like Turkey will be worried about devaluations ..i dont Nigeria should be happy...a 30 percents drop in the Lira caused alot of panic...they are very industralized and a mid income Nation
Poverty index is increasing because there are over 70m+ unproductive people up north dragging the nation backwards and destroying it's statistics.
Turkey is not a shithole country and devaluation is not for them.
You only devalue currencies of shitholes so that they can sell whatever crap they produce internationally and destroy importation caused by lack of production/industrialization,so making comparison with Nigeria and Turkey is not good.
You should make comparisons between Nigeria and olden day China.
This is fair comparison.
You cannot go to an already industrialised and self sufficient country with higher standards of living and start talking devaluation,it's outright wrong.

3 Likes

Re: Treasury Bills In Nigeria by pluto09(m): 11:45am On Jun 02, 2020
ahiboilandgas:
The growing Nigeria Gdp is useless and audio it is not reflected in the populace....china Gdp grew and boom 500m Chinese are off poverty....and everwhere it china made products...boom Nigeria Gpd grew poverty ,kidnappings,unemployements jumps to 1000 percents ....The Gdp is growing in the families of political appointees and is driven by crude oil explorations and not real work



Our GDP grows mainly in naira ,with devaluation GDP goes down in dollars term.
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:49am On Jun 02, 2020
Theconglomerate:
Poverty index is increasing because there are over 70m+ unproductive people up north dragging the nation backwards and destroying it's statistics.
Turkey is not a shithole country and devaluation is not for them.
You only devalue currencies of shitholes so that they can sell whatever crap they produce internationally and destroy importation caused by lack of production/industrialization,so making comparison with Nigeria and Turkey is not good.
You should make comparisons between Nigeria and olden day China.
This is fair comparison.
You cannot go to an already industrialised and self sufficient country with higher standards of living and start talking devaluation,it's outright wrong.
where did u get the 70m workforce idle in the north? Agriculture which constitute 70 percent of Nigeria Gross domestics products is done in the North....u cant tell me the millions of farmers producing tomatoes,onions ,beans ,sorghum ,rice ,beef ,milk ,corn ,millet,irish patatos , grandnuts,ginger,limes , oranges ,yams in million of tonnes are idle...

15 Likes

Re: Treasury Bills In Nigeria by ojesymsym: 11:53am On Jun 02, 2020
I endorse this.

ahiboilandgas:
The growing Nigeria Gdp is useless and audio it is not reflected in the populace....china Gdp grew and boom 500m Chinese are off poverty....and everwhere it china made products...boom Nigeria Gpd grew poverty ,kidnappings,unemployements jumps to 1000 percents ....The Gdp is growing in the families of political appointees and is driven by crude oil explorations and not real work

2 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 11:53am On Jun 02, 2020
Theconglomerate:
Poverty index is increasing because there are over 70m+ unproductive people up north dragging the nation backwards and destroying it's statistics.
Turkey is not a shithole country and devaluation is not for them.
You only devalue currencies of shitholes so that they can sell whatever crap they produce internationally and destroy importation caused by lack of production/industrialization,so making comparison with Nigeria and Turkey is not good.
You should make comparisons between Nigeria and olden day China.
This is fair comparison.
You cannot go to an already industrialised and self sufficient country with higher standards of living and start talking devaluation,it's outright wrong.
buying and selling in Alaba markets cant be compared to cultivation of iris patatos ... ever Nation including russia have gotten their currency devalued against the dollars who told u it only shit hole nations ...south african rand , Turkish lira ,ghana cedi have all loss significant value against the dollars sometime ...so misleading people

7 Likes

Re: Treasury Bills In Nigeria by ojesymsym: 11:55am On Jun 02, 2020
Is there really a benefit of removing people from the farm, educating to only know how to speak English and become entitled to some goverment jobs?
Shouldn't we find a way to educate them to still be farmers but educated farmers.

ahiboilandgas:
where did u get the 70m workforce idle in the north? Agriculture which constitute 70 percent of Nigeria Gross domestics products is done in the North....u cant tell me the millions of farmers producing tomatoes,onions ,beans ,sorghum ,rice ,beef ,milk ,corn ,millet,irish patatos , grandnuts,ginger,limes , oranges ,yams in million of tonnes are idle...

13 Likes

Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:57am On Jun 02, 2020
ahiboilandgas:
where did u get the 70m workforce idle in the north? Agriculture which constitute 70 percent of Nigeria Gross domestics products is done in the North....u cant tell me the millions of farmers producing tomatoes,onions ,beans ,sorghum ,rice ,beef ,milk ,corn ,millet,irish patatos , grandnuts,ginger,limes , oranges ,yams in million of tonnes are idle...
They are economically idle.
You can't be doing subsistent farming and earning peanut year to year and dragging the nation behind and you tell me you are busy.Busy how?
If they were really busy,it will start to reflect in their lifestyle.
Not some almajiri goes to work in an Alhaji's farm for a plate of food without meat and you want me to applaud them for being busy whereas they are just barely surviving?
That is economic madness.
That is where Nigeria poverty and poor data is coming from.
That is the reason most of them live in huts and are going blind due to poverty and inaccess to clean water till date and polio,cholera,less fever and terrorism is still ravaging them.
Nigeria needs Capitalism,not farming for a plate of food.

6 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 12:01pm On Jun 02, 2020
ojesymsym:
Is there really a benefit of removing people from the farm, educating to only know how to speak English and become entitled to some goverment jobs?
Shouldn't we find a way to educate them to still be farmers but educated farmers.

500,000 graduates are paid 30k as Npower nonsense ..the problems of agriculture is the value chain and additions this will lift the income of the farmers and industry

1 Like

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