Good day nairalanders...I am not good at online begging but water don pass garri for this situation nd i no get any other option... I am a student,i am surviving today all because of my hardworking mother but things are really hard at the moment dat i find it very hard to feed in a day nd i cnt go nd start working with an empty stomach,any amount isnt too small for me my fellow nairalanders..who naked no dey shook hand for pocket...help a brother
Fidelity bank
6551173797

Akdegreat:
7 years is quite a long time.

With inflation rate at almost 12%, 15.5% interest rate will make only a litttle difference.

Good one nonetheless.

Nigeria's consumer price inflation fell to 11.22 percent year-on-year in June 2019 from 11.40 percent in the previous month. That was the lowest inflation rate since July 2018, as prices rose at a softer pace for almost all categories. Annual core inflation, which excludes price of volatile agricultural products, fell to 8.84 percent in June, its lowest level since January 2016. Inflation Rate in Nigeria averaged 12.44 percent from 1996 until 2019, reaching an all time high of 47.56 percent in January of 1996 and a record low of -2.49 percent in January of 2000.

anyimontana:
I rather buy t-bill at 13-14% and renwew every year....I am not mad

How can I unread this nonsense I read

Meet divido if u really need to raise 30billion

But tbill l at Access bank is 9% (I bought some)

9jaRealist:



These bonds are targeted at institutional investors (insurance companies, pension funds, etc.), rather than retail investors. Accordingly, a seven years tenor would be properly categorized as Medium-Term (5-10 years).
>

Noted - Thanks.

CanadaOrBust:


But tbill l at Access bank is 9% (I bought some)

I guess u did for less than 365 days

https://www.nigeriagalleria.com/Galleria_Finance/Nigerian-Treasury-Bills-FGN-Bonds-Auction-Results.html

anyimontana:
I guess u did for less than 365 days

https://www.nigeriagalleria.com/Galleria_Finance/Nigerian-Treasury-Bills-FGN-Bonds-Auction-Results.html

Right - 3 months

CanadaOrBust:


Right - 3 months

so its a gud deal afterall

Akdegreat:


CBN lending rate is below 15.5% actually.

then, why can't they borrow from the Cbn instead?

Akdegreat:


Exactly! compound returns with t-bills annually rather than tie down the money for that long.

Is there any hope of TBills reaching 15% to 18% in future because the rate is going down?

chloride6:
Hope you know the bond is Tier 2?

Check Basel for the meaning of that before you buy...

I am not above learning please, educate us.
Thanks.