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Treasury Bills In Nigeria - Investment (1555) - 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 emmanuelewumi(m): 7:56am On Sep 22, 2020
Pojomojo:
Budget about 3.5-4m also factor in prices of building materials change everyday.


Seems you are more current than me.

Can you help for the estimate for the decking of 2 units of 3 bedroom flat? It should be higher than that of a 5 bedroom bungalow.


Also good to double check prices and quantities quoted by contractors.

Quantities of materials are inflated

I met a builder who said for every block of 4 flats contract he built, he must get materials to build a block of 2 flats for himself

1 Like

Re: Treasury Bills In Nigeria by omakay(m): 8:46am On Sep 22, 2020
emmanuelewumi:



Seems you are more current than me.

Can you help for the estimate for the decking of 2 units of 3 bedroom flat? It should be higher than that of a 5 bedroom bungalow.


Also good to double check prices and quantities quoted by contractors.

Quantities of materials are inflated

I met a builder who said for every block of 4 flats contract he built, he must get materials to build a block of 2 flats for himself

If not for the laziness and un-explanable pride/ego (oga status) of most Nigerians, houses would be cheaper to buy and also to build.

Imagine wetin the builder dey tell you.

Stealing from your client all in the name of 'artician smartness'

4 Likes 1 Share

Re: Treasury Bills In Nigeria by OgogoroFreak(m): 8:54am On Sep 22, 2020
emmanuelewumi:



Seems you are more current than me.

Can you help for the estimate for the decking of 2 units of 3 bedroom flat? It should be higher than that of a 5 bedroom bungalow.


Also good to double check prices and quantities quoted by contractors.

Quantities of materials are inflated

I met a builder who said for every block of 4 flats contract he built, he must get materials to build a block of 2 flats for himself
Ha!!

I am finished!
Re: Treasury Bills In Nigeria by omakay(m): 9:14am On Sep 22, 2020
omakay:


If not for the laziness and un-explanable pride/ego (oga status) of most Nigerians, houses would be cheaper to buy and also to build.

Imagine wetin the builder dey tell you.

Stealing from your client all in the name of 'artician smartness'



Me, i believe it is very possible to calculate how many blocks it will need to build a wall of any size/dimension up to 95% accuracy.

Everything get size and measurement.
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:40am On Sep 22, 2020
omakay:


If not for the laziness and un-explanable pride/ego (oga status) of most Nigerians, houses would be cheaper to buy and also to build.

Imagine wetin the builder dey tell you.

Stealing from your client all in the name of 'artician smartness'




You need to do your research, you can save a lot of money by doing your research.

I remember about 11 years ago when I wanted to do windows for my house, a bungalow of 4 bedroom.

All the quotation the quotations I got was between 350k and 450k.

When I went to Aluminium village Dopemu Lagos. Did the costing of the materials needed then, I discovered that 120k will buy the materials.

Based on this information I was able to negotiate from an informed position and spent less than 200k for the windows which are still in use till today

8 Likes 1 Share

Re: Treasury Bills In Nigeria by Nobody: 10:19am On Sep 22, 2020
[quote author=PuZZyNegro post=94170948]

This question is ambiguous. Can you explain better [/quote.

OK I will rephrase it:

Looking at the cost for the decking of a storey building of two flats of 2 bedrooms down and two up in Asaba, Delta State - just the decking.

And if you could offer to give the total estimate using the current state of the economy it'd be so appreciated.

Thanks everyone already for your wise inputs.

1 Like

Re: Treasury Bills In Nigeria by Nobody: 10:21am On Sep 22, 2020
emmanuelewumi:



Seems you are more current than me.

Can you help for the estimate for the decking of 2 units of 3 bedroom flat? It should be higher than that of a 5 bedroom bungalow.


Also good to double check prices and quantities quoted by contractors.

Quantities of materials are inflated

I met a builder who said for every block of 4 flats contract he built, he must get materials to build a block of 2 flats for himself

That's killing and fraudulent!
Re: Treasury Bills In Nigeria by omakay(m): 10:35am On Sep 22, 2020
emmanuelewumi:



You need to do your research, you can save a lot of money by doing your research.

I remember about 11 years ago when I wanted to do windows for my house, a bungalow of 4 bedroom.

All the quotation the quotations I got was between 350k and 450k.

When I went to Aluminium village Dopemu Lagos. Did the costing of the materials needed then, I discovered that 120k will buy the materials.

Based on this information I was able to negotiate from an informed position and spent less than 200k for the windows which are still in use till today

Exactly what am saying.

A lot of Nigerians can easily tow this path of yours but they have a big bridge to cross.

Bridge of ego

Bridge of laziness

Bridge of pride

Bridge of 'i get the money, i be oga, oga no dey stress imself'
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:49am On Sep 22, 2020
omakay:


Exactly what am saying.

A lot of Nigerians can easily tow this path of yours but they have a big bridge to cross.

Bridge of ego

Bridge of laziness

Bridge of pride

Bridge of 'i get the money, i be oga, oga no dey stress imself'


Not necessary, it depends on how busy you are, having the luxury of time and the value of your time

2 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:53am On Sep 22, 2020
A property of N60 million, can be gotten for N45 million if you do your research and due diligence. This can take you 4 months to 6 months.

A busy lawyer who has cases worth hundreds of millions of Naira, will not have the time.

Trying to save N15 million, which will take his time, energy and resources. Which can make him loses hundreds of millions of Naira

1 Like

Re: Treasury Bills In Nigeria by Cyberknight: 11:03am On Sep 22, 2020
omakay:


Exactly what am saying.

A lot of Nigerians can easily tow this path of yours but they have a big bridge to cross.

Bridge of ego

Bridge of laziness

Bridge of pride

Bridge of 'i get the money, i be oga, oga no dey stress imself'

Not true.
Common example: the mechanics.
Many many years ago, I used to follow any person fixing my car closely, get details of any part he claimed needed replacing and phone around to get cost information (I used to be involved in importing motor spare parts with a friend, so had contacts I could call in Ladipo/Clegg, many of which I've lost now).

When I had less and less time on my hands, I simply left matters for the mechanic and just accepted what he quoted whenever any repair was needed, lacking the time to go down to check things myself. I luckily never had to ever make a major repair (a power steering pump once, and an alternator, kickstarter are the only things I've ever changed in any car). When APC carry come and prices went up, I joined the Camry train fully (parts easily available anywhere, prices generally known).

The trade-off in leaving a car unfixed till weekend when I will have time to wear shorts and enter Ladipo to buy the parts myself stopped being worth it years ago. So I let the mechanics/repairmen quote as they wish as long as its not outlandish.

Same applies when it comes to building. The builders steal and not being able to check them doesn't mean you're feeling too big to get down to buy your building materials yourself.

7 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:10am On Sep 22, 2020
Phylife:


That's killing and fraudulent!

It is business. It takes two people to have a deal.
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:21am On Sep 22, 2020
Cyberknight:


Not true.
Common example: the mechanics.
Many many years ago, I used to follow any person fixing my car closely, get details of any part he claimed needed replacing and phone around to get cost information (I used to be involved in importing motor spare parts with a friend, so had contacts I could call in Ladipo/Clegg, many of which I've lost now).

When I had less and less time on my hands, I simply left matters for the mechanic and just accepted what he quoted whenever any repair was needed, lacking the time to go down to check things myself. I luckily never had to ever make a major repair (a power steering pump once, and an alternator, kickstarter are the only things I've ever changed in any car). When APC carry come and prices went up, I joined the Camry train fully (parts easily available anywhere, prices generally known).

The trade-off in leaving a car unfixed till weekend when I will have time to wear shorts and enter Ladipo to buy the parts myself stopped being worth it years ago. So I let the mechanics/repairmen quote as they wish as long as its not outlandish.

Same applies when it comes to building. The builders steal and not being able to check them doesn't mean you're feeling too big to get down to buy your building materials yourself.


You don't need to go to Ladipo, just have your customer who you can call at anytime. Watch a lot of tutorials online about the running and mechanism of your car.


We don't do DIY in Nigeria.


I successful changed the gear oil of my cars based on lessons taught on YouTube classes last weekend. Took me less than 30 minutes and I saved 5k which Kabiru the mechanic billed me

4 Likes

Re: Treasury Bills In Nigeria by pluto09(m): 11:37am On Sep 22, 2020
emmanuelewumi:



You don't need to go to Ladies, just have your customer who you can call at anytime. Watch a lot of tutorials online about the running and mechanism of your car.


We don't do DIY in Nigeria.


I successful changed the gear oil of my cars based on lessons taught on YouTube classes last weekend. Took me less than 30 minutes and I saved 5k which Kabiru the mechanic billed me


Oga Emma, you don't want kabiru to eat?

6 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:41am On Sep 22, 2020
pluto09:


Oga Emma, you don't want kabiru to eat?


No, Kabiru used to change the oil for 3k before. But increased it to 5k because of inflation, Covid 19 and currency devaluation.

1 Like

Re: Treasury Bills In Nigeria by PuZZyNegro: 11:43am On Sep 22, 2020
[quote author=Phylife post=94185877][/quote]

Now it's clear. I thought you meant the cost of building the entire house.

You can get better answers to this question in the property thread here https://www.nairaland.com/2550211/general-topic-thread-to-discuss-anything
Re: Treasury Bills In Nigeria by 9jatriot(m): 12:05pm On Sep 22, 2020
Sir, do you think AFRIPUD is a good stock to invest in from a dividends chasing perspective? It seems to have a good EPS ratio.
emmanuelewumi:


Re: Treasury Bills In Nigeria by Nobody: 12:37pm On Sep 22, 2020
PuZZyNegro:


Now it's clear. I thought you meant the cost of building the entire house.

You can get better answers to this question in the property thread here https://www.nairaland.com/2550211/general-topic-thread-to-discuss-anything

Thanks.
Re: Treasury Bills In Nigeria by Pojomojo: 12:38pm On Sep 22, 2020
emmanuelewumi:



Seems you are more current than me.

Can you help for the estimate for the decking of 2 units of 3 bedroom flat? It should be higher than that of a 5 bedroom bungalow.


Also good to double check prices and quantities quoted by contractors.

Quantities of materials are inflated

I met a builder who said for every block of 4 flats contract he built, he must get materials to build a block of 2 flats for himself
Sir prices of building materials has skyrocketed. A small gutter I did, I fought with the bricklayer concerning his quote, only for me to go to the market, a bag of granite which is =N=800 before is now N1500.
Re: Treasury Bills In Nigeria by Tochex101(m): 7:54pm On Sep 22, 2020
9jatriot:
Sir, do you think AFRIPUD is a good stock to invest in from a dividends chasing perspective? It seems to have a good EPS ratio.
Paying 50kobo or 70kobo dividend.....I don’t find it attractive.
Re: Treasury Bills In Nigeria by Olaide1295: 8:04pm On Sep 22, 2020
Many news coming in today.

First, that CBN has reduced the MPR to 11.5% (from 12.5%). Immediate effect is that interest on Savings deposits falls to 1.15 per annum.

Second, that owners of dollars in DOM accounts can't do FX transfers again. They are now being compelled to sell to the bank.
Re: Treasury Bills In Nigeria by 9jatriot(m): 9:26pm On Sep 22, 2020
Okay, but if you consider the unit cost per share at around 4.5 naira, that puts the dividends per unit share to be around 12%, do you think that is not still attractive enough?
Tochex101:

Paying 50kobo or 70kobo dividend.....I don’t find it attractive.
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:29pm On Sep 22, 2020
Olaide1295:
Many news coming in today.

First, that CBN has reduced the MPR to 11.5% (from 12.5%). Immediate effect is that interest on Savings deposits falls to 1.15 per annum.

Second, that owners of dollars in DOM accounts can't do FX transfers again. They are now being compelled to sell to the bank.
Whoever was dumb enough to leave their fx at the bank is devoid of sense and my condolence.
Daft people deserve to be cheated in life,plain truth.
I said this a long time ago and some argued undecided

1 Like 1 Share

Re: Treasury Bills In Nigeria by awesomeJ(m): 9:39pm On Sep 22, 2020
TransAtlanticEx:
Whoever was dumb enough to leave their fx at the bank is devoid of sense and my condolence.
Daft people deserve to be cheated in life,plain truth.
I said this a long time ago and some argued undecided

Don't localise thoughts and be quick to use words.

So because you have $50k or less, you think that's what it is for everyone?

someone with $3m should keep it under matress in your opinion? how many bundles of $100 bills would do?

8 Likes

Re: Treasury Bills In Nigeria by awesomeJ(m): 9:42pm On Sep 22, 2020
I was hoping GT Bank will buy back Investment One, as part of their HoldCo restructuring, and I'll do VGIF. Now CBN has also crashed that to 4.5%
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:43pm On Sep 22, 2020
awesomeJ:


Don't localise thoughts and be quick to use words.

So because you have $50k or less, you think that's what it is for everyone?

someone with $3m should keep it under matress in your opinion? how many bundles of $100 bills would do?
How bulky is $3m?
These are reasons why safe building companies are still in business.
Stop sounding naive,no right thinking person will want to risk losing all that naira because he has $3m he can clearly store at home with proper safes.
No one!
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:44pm On Sep 22, 2020
Olaide1295:
Many news coming in today.

First, that CBN has reduced the MPR to 11.5% (from 12.5%). Immediate effect is that interest on Savings deposits falls to 1.15 per annum.

Second, that owners of dollars in DOM accounts can't do FX transfers again. They are now being compelled to sell to the bank.

Could you please provide a link to the second info. These FX reforms are getting interesting.
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:48pm On Sep 22, 2020
TransAtlanticEx:
How bulky is $3m?
These are reasons why safe building companies are still in business.
Stop sounding naive,no right thinking person will want to risk losing all that naira because he has $3m he can clearly store at home with proper safes.
No one!

How bulky is $3m?

At least 60 bundles, that's 300 packets.

Not everyone will be able to sleep deep with that much cash at home.

10 Likes

Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:53pm On Sep 22, 2020
awesomeJ:


How bulky is $3m?

At least 60 bundles, that's 300 packets.

Not everyone will be able to sleep deep with that much cash at home.
This thing no be talk.
Very naive.
Simply buy a safe(coded,armored,metallic box).
Which bank pass this one? undecided
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:59pm On Sep 22, 2020
TransAtlanticEx:
This thing no be talk.
Very naive.
Simply buy a safe(coded,armored,metallic box).
Which bank pass this one? undecided

Did you just see the word "naive" You unnecessarily overusing it.

anyways, Your idea of buying strong safe is good. I just don't think it's in your place to say people are devoid of sense for keeping FX in banks.

14 Likes 1 Share

Re: Treasury Bills In Nigeria by ifyalways(f): 9:59pm On Sep 22, 2020
awesomeJ:
I was hoping GT Bank will buy back Investment One, as part of their HoldCo restructuring, and I'll do VGIF. Now CBN has also crashed that to 4.5%
Really? I havent heard this news undecided
Re: Treasury Bills In Nigeria by awesomeJ(m): 10:01pm On Sep 22, 2020
ifyalways:

Really? I havent heard this news undecided

Which one?

GT Bank Hold Co or VGIF at 4.5%?

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