EngrKemp:



Pls which reputable institutions do u suggest and what types of investment.
Note: I need the one for monthly roi and the percentage is?

500k is meagre for one to use the returns to augment monthly expenses. You can't get more than N5000 monthly return. It will be better if you compound the return and also have a regular top up



Reason why I advised you to do business with your 500k

pizapato:


The man with the $1 equals ₦700 hypothesis has come again

Since the time you claimed the true value of naira is ₦700, the value of naira has gone down by 30%

Yes the rate is really high at this time and it appear like it is risky to buy now. Nonetheless, any pull back will only put the rate at around 1k. Even if you buy at 1200, chances of making a loss in 6 months time is very slim. there is a high chance dollar will exchange for 1600 in six month times

Without obvious cuts in cost of governance, naira is not going to appreciate. Bulaba and his crew to still went to the US to waste $500k not too long ago, even when the country is cash strap.
That's the one we hear of, what of other frivolous spending we don't get to hear of

Oga

I predicted 700/USD

Are we not getting close?

What do you have to say now 😊

EngrKemp:



Pls which reputable institutions do u suggest and what types of investment.
Note: I need the one for monthly roi and the percentage is?

You can invest in stanbic money market fund and opt for reinvestment. Every month, accrued interest is reinvested and since you need to use your returns on investment you can redeem it.
Otherwise you opt for payment of interest which will be paid into your bank account every quarter.
To open account, click the first link on my signature and complete the online form.
Or chat me up with the phone numbers on my signature if you need more clarification

Wotowotoman1:


I don’t quite agree. N500m looks like a lot of money but it is actually less than 500k dollars. Imagine someone that worked hard to make 500m when it was still a lot of money ( 5m dollars at 100naira) and then stupidly kept the money in a fixed deposit or t bills to be making 10%. He has just watched his hard earned money go from 5m to 500k dollars and possibly 50k dollars in a few years.

Go and read about countries with hyperinflation and you will understand that planning to live on interest is a very stupid man’s way of looking at money

Seatrade aka StillmaticOG, your insulting rejoinders will always give you away. You go use StillmaticOG moniker dey form superman for ashewo thread , then use seatrade dey form investor for treasury bill thread. Thunder fire you there. You are suffering from serious borderline line personality disorder. Go get a cure. Ozuoo

RayRay06677:


It seems you are new here if not you should know that i dont want to be like any other human. My responsibility to my kids are getting them the best education anywhere in the world their heart lusteth after and they can secure admission.

Aside food, what else should we want in life?

The goal is to sustain life and nothing else, no competition at all and it's very unwise to start building refinery after 60yrs on earth with the intent of making profit.

Set a goal and work it out and rest. You can't outdo the world

He is not new , he is seatrade aka StillmaticOG the yahoo fraudstar

oluayebenz:


Oga

I predicted 700/USD

Are we not getting close?

What do you have to say now 😊

Lol

Chief we are still far off o. We never even reach sub 900. It is my prayer that I comes down to 700 and remains stable there. The instability of naira is not beneficial to anyone because it makes planning and projection very difficult

oluayebenz:


Oga

I predicted 700/USD

Are we not getting close?

What do you have to say now 😊

If you are saving for a long term expenses you better do it in a stable currency.


The Koko is the long term sustainability of the current appreciation of the local currency

pizapato:



Lol

Chief we are still far off o. We never even reach sub 900. It is my prayer that I comes down to 700 and remains stable there. The instability of naira is not beneficial to anyone because it makes planning and projection very difficult

Truth that...
Naira might not be stable this year no doubt but I'm sure of next year, by February... I believe we will have a stronger naira!

emmanuelewumi:




If you are saving for a long term expenses you better do it in a stable currency.


The Koko is the long term sustainability of the current appreciation of the local currency

You are right oga Emma.

But buying dollar with naira now for savings is not advisable.

oluayebenz:


You are right oga Emma.

But buying dollar with naira now for savings is not advisable.

Na Naira cost averaging, like some investors do in the stock market

RayRay06677:


It seems you are new here if not you should know that i dont want to be like any other human. My responsibility to my kids are getting them the best education anywhere in the world their heart lusteth after and they can secure admission.

Aside food, what else should we want in life?

The goal is to sustain life and nothing else, no competition at all and it's very unwise to start building refinery after 60yrs on earth with the intent of making profit.

Set a goal and work it out and rest. You can't outdo the world

I would give this a thousand likes, if I can...

Dangote CP

Nakedman:


And First Bank was offering me 9% for 350days Treasury Bill on Monday. Thank God i Walked out on them.

It should filter into TBs soon.
Again, the issue with fighting inflation mainly by increasing rates in Nigeria is that it doesn't work as we are cash based with little credit hence it hardly has the impact on the common man we see elsewhere. It then opens the government to mounting local debt which they'd simply print more money to offset thereby causing more inflation.

Foodempire:
Dangote CP

A share of Dangote is currently trading at 62.20 Naira. Will Dangote's stock price outperform the CP by more than 14.7% in the next 270 days?

CC
emmanuelewumi

EngrKemp:



Pls which reputable institutions do u suggest and what types of investment.
Note: I need the one for monthly roi and the percentage is?

Off the top of my head, I know First Bank, Stanbic, AXA and GT have theirs or affiliated entities. The major financial houses would typically have one as its a way of leveraging investors funds for more profit. You'd need to have a look at them individually.

Protection wise, each would have a fact sheet worth reading thru to see whats protected and to what extent. Also how often profits are disbursed. Last I checked - aside being SEC registered, it largely boils down to the trust in the manager/custodian.

Not invested in one as it doesn't suit my strategy.

maishai:



My dear Africa as a whole have to find a way to enforce accountability, the amount of money that is not accounted for in our system on a daily basis is humongous..... If you have done one form of business or the other you would be able to attest to this, even high brow areas like banana island, burdillon and maitama, we have sophisticated agberos with PhDs terrorising citizens and extorting monies in the name of taxes dat never gets to the coffers of government

While most of what you list is factual, we could list over 500 problems of investing in Nigeria and still not be done. Same with most nations at different times.

Point is progress has to start from somewhere. If OBJ was able to fashion it out despite even more challenges, it means it can be done. Subsequent governments should build from that.

IamR:

Pls have you heard anything?

Hello, did you get a feedback yet? I think it takes up to a month, but just checking if anyone got any info yet.

Wiseoldman:


Hello, did you get a feedback yet? I think it takes up to a month, but just checking if anyone got any info yet.

No, didn't.

ositadima1:


A share of Dangote is currently trading at 62.20 Naira. Will Dangote's stock price outperform the CP by more than 14.7% in the next 270 days?

CC
emmanuelewumi

You will make 50% from the stock in 270 days

Good evening gurus in the house.

I was at Zenith bank today to invest in TB but I was told the available rate was 121days at the rate of 7.5% I was surprised because I am only aware that there are 91, 180 and 364 days but the lady I spoke with said that it's not common I said okay she should go ahead.

At 5pm today she sent a message that the TB didn't go because the portal has closed.

Please what can I do?

Thanks

oluayebenz:


Oga

I predicted 700/USD

Are we not getting close?

What do you have to say now 😊

1.Do we have average 20 hours of power supply all over the country now?
2. Do we have functional well equiped hospitals now?
3. Have we stopped sending our kids to universities in Ghana, Benin Republic, Europe, America?
.......

If the answer to the above is no, then know that N700 to a dollar is artificial and will not last.

debbydee:
Good evening gurus in the house.

I was at Zenith bank today to invest in TB but I was told the available rate was 121days at the rate of 7.5% I was surprised because I am only aware that there are 91, 180 and 364 days but the lady I spoke with said that it's not common I said okay she should go ahead.

At 5pm today she sent a message that the TB didn't go because the portal has closed.

Please what can I do?

Thanks

I guess the officer you met didn't understand what you really wanted. What you were told was available is a secondary market window where you can have tenors different from the regular primary auction tenors (91,180 and 364 days).

If you wish to participate in the primary auction be at your bank at latest 10am the Tuesday before the primary auction day and be specific in your request that you want to participate in the primary auction otherwise the bank will give you what is available in the secondary market which is on every work day while the primary auction is done fortnightly.

So if you still wish to participate in the primary auction you have to wait and then approach your bank again latest the 21st of November 2023 to participate in the next primary auction.

emmasoft:


I guess the officer you met didn't understand what you really wanted. What you were told was available is a secondary market window where you can have tenors different from the regular primary auction tenors (91,180 and 364 days).

If you wish to participate in the primary auction be at your bank at latest 10am the Tuesday before the primary auction day and be specific in your request that you want to participate in the primary auction otherwise the bank will give you what is available in the secondary market which is on every work day while the primary auction is done fortnightly.

So if you still wish to participate in the primary auction you have to wait and then approach your bank again latest the 21st of November 2023 to participate in the next primary auction.

Please do we have closing rate for today auctions?

Biakwa:


Please do we have closing rate for today auctions?

That will be made public by tomorrow

ositadima1:


A share of Dangote is currently trading at 62.20 Naira. Will Dangote's stock price outperform the CP by more than 14.7% in the next 270 days?

CC
emmanuelewumi

This CP is for Dangote Cement.

The price you are quoting is for sugar.

Fantastic

oluayebenz:


Oga

I predicted 700/USD

Are we not getting close?

What do you have to say now 😊

Bro,

How much is dollar now?


The best thing is to look for opportunities on how to make money from the situation whether it goes up or down.

The people that have the power to make naira to gain value do not care.

Dum20:


Bro,

How much is dollar now?


The best thing is to look for opportunities on how to make money from the situation whether it goes up or down.

The people that have the power to make naira to gain value do not care.

Dum again 🙄

I'm speechless 😶

emmasoft:


I guess the officer you met didn't understand what you really wanted. What you were told was available is a secondary market window where you can have tenors different from the regular primary auction tenors (91,180 and 364 days).

If you wish to participate in the primary auction be at your bank at latest 10am the Tuesday before the primary auction day and be specific in your request that you want to participate in the primary auction otherwise the bank will give you what is available in the secondary market which is on every work day while the primary auction is done fortnightly.

So if you still wish to participate in the primary auction you have to wait and then approach your bank again latest the 21st of November 2023 to participate in the next primary


auction.

Thanks a lot for your input.

Dum20:


Bro,

How much is dollar now?


The best thing is to look for opportunities on how to make money from the situation whether it goes up or down.

The people that have the power to make naira to gain value do not care.

oluayebenz:


Dum again 🙄

I'm speechless 😶

Lol

Dollar is going to test ₦1500 in the next rally, which will likely happen by February next year.
Demand for USD won't be much till the end of the year, also those returning from overseas will provide some liquidity during the festive period. That is a perfect time to buy.

Could remember buying some at 560-570 between late Dec 2021 and early Jan 2022, buy the end of January 2022, rate have risen to 620.

Good morning members.
Can anyone please advise on the best bank to invest in Treasury bills in the first market that usually secure higher rates than others ?

pizapato:




Lol

Dollar is going to test ₦1500 in the next rally, which will likely happen by February next year.
Demand for USD won't be much till the end of the year, also those returning from overseas will provide some liquidity during the festive period. That is a perfect time to buy.

Could remember buying some at 560-570 between late Dec 2021 and early Jan 2022, buy the end of January 2022, rate have risen to 620.

Liquidity to pay for their ransom