awesomeJ:
Good evening house,
please can anyone confirm if the MPC will be meeting next week, and also when the NBS is likely to release April's inflation figures. I pray the former happens before the latter, because I don't want any funny change from the status quo yet as far as rates are concerned. Let the rates remain high for several quarters to come.
As a concerned citizen, and as one who thinks constantly about the economic well being of this nation, I often get worried when I see that our debt service cost is in excess of 60% of government revenue. But then I understand that even if it's only 10%, with the persistent leadership problems, 70% of the remaining 90% will be mismanaged, and so there may not be any significant headway. So I'd rather have the rates remain high since that's a sure way of giving more peeps little bites from the national cake. Whatever downside that has will eventually sort itself.
Splendid night to everyone.

DEGREE2466:


I just sent you a mail.

please I will need your help on bitcoin mining /investment.


I have a source of getting dollars

delgroveng:


Hello, i once was of the opinion T Bills being short term debts was really nice for an average age enterpreneur as a less risky asset in a portfolio. Then Crypto currency BTC to be precise , i saw the bullish potential, benefits, also the arbitrage in currency with pricing of bitcoins. Then i took it upon myself to patch up my cash flow with a depreciatiing naira and scarce forex in Nigeria. Had to take a break from real Merchandising, boy, the returns is what i call black gold. For the average mind then it was just another commodity being peddled. For me then, it was analysis of diff exchanges and currencies.

My point, don't dwell on the conventional way of investment, only if the time just isn't there,
I urge those with a bit of descipline in finance, Economics or software engineering to think crypto with there money and mind then experience feeling young and hungry again.
Today for those who have the time, dabble into crypto currency, a little high blood pressure makes u feel younger and ambitious. Especially when it rewards you weekly and monthly.

Its what i can categorically call an Asset class, with minimal risk to your overall portfolio.Not some Ponzi or a failed technology being shoved down our throats. But a piece of future technological architecture that will shape life to to come

priscai:
Hello house , I need some clarification here.. I walked into FBN was was given 18% for 42 days and as well 18% for 365. The percentage didn't make much difference.
Wich is better is it short term investment or long term.?
Assuming I do short period and reinvest over and over.

Assuming I invest 7m how much is the interest for both.

The tenure thing is confusing and bankers won't help at all. She just said I should take a decision.

Thanks all.

chukzyfcbb:

lool, guy man. I may be wrong but I have found out that from May -July is actually the best time to lock down on a year tenor. My reason is because;
Our Budget usually takes a whole lot of time to get approved by the senate, this has been happening now for years. Budget approvals usually starts from May most of the times, and when it gets approve, it then incites the federal government to move into action by implementing it, thus requiring consistent borrowing.
To me, Months like December or January are not good times to lock down for funds for 364days because the economic activity is always low at those time.
For me May June July is always the best of time to lock down on funds, simply because of the delay in Budget Approval, kapish.....Other factors too play a role, inflation, MPR ratio but that's my opinion tho

priscai:
Hello house , I need some clarification here.. I walked into FBN was was given 18% for 42 days and as well 18% for 365. The percentage didn't make much difference.
Wich is better is it short term investment or long term.?
Assuming I do short period and reinvest over and over.

Assuming I invest 7m how much is the interest for both.

The tenure thing is confusing and bankers won't help at all. She just said I should take a decision.

Thanks all.

Esughusughu:


Interest = principal x rate x tenor. Assuming a rate of 13.5% for 91 days.
Your interest will be 5000 X 13.5 X 91/36.5 = N168,287.67 naira

pafra:


Is the same rate so, the profit won't be different. but for 365days you get your profits in bulk and can reinvest it again.

For 4 2 days the profit will come in bit but you have the advantage of not tie in down the capital for long and can be able to reinvest in a more profitable business if opportunity come knocking.

freeman67:
You never know Diamond bank infact they fit tell you later say na stamp duty. The worst bank to use for TB investment among all the banks I have used. I had to go and close the 2 accounts I operate with them early this week.

MrTour:
My broda, EcoBank is the world's most useless bank, i relied on them for years with their Fixed deposits not knowing they were the reason why my body and bank account was losing weight.

I lost over 500K in interests and when i discovered TB and other investments last year i initiated a tsunami in my bank account.

To make it worse, the banking officer indirectly refused i withdraw my money in the name of trying to persuade me to stay with them.

I told the banking officer clearly, even if you give me ur puna on top make i continue with una, i wont try it. Up till today my balance with them is only N1200.

Please do you know how i can withdraw that remaining N1200, i tried withdrawing it at the ATM since the last six months but keep getting insufficient balance?

deepwater:


I do not think so.

Did you factor 42/364 into your calculation?

Houstency:


Boss.. please apart from Bitcoins what other cryptocurrencies do you have or considering to add to your cryptocurrency portfolio.

pafra:


Why not do your calculation before not thinking so.
The most important factor is the 18% rate for both days . Nothing will change

NOLONGTIN1:


I read here earlier on that Stanbic IBTC bank...

I sharply opened an account and got 17.4% for 182 days.

deepwater:


Are you saying if the rates are same for different tenors, the interest would be same keeping principal constant?

Please clear me

pafra:


Is the same rate so, the profit won't be different. but for 365days you get your profits in bulk and can reinvest it again.

For 4 2 days the profit will come in bit but you have the advantage of not tie in down the capital for long and can be able to reinvest in a more profitable business if opportunity come knocking.

deepwater:


Oga this ur post still confuses me.

You have said if the rates are same, the profit won't be different for different tenor.

Could you please clarify more further, perhaps I have learnt things the wrong way.

Thanks

priscai:
Hello house , I need some clarification here.. I walked into FBN was was given 18% for 42 days and as well 18% for 365. The percentage didn't make much difference.
Wich is better is it short term investment or long term.?
Assuming I do short period and reinvest over and over.

Assuming I invest 7m how much is the interest for both.

The tenure thing is confusing and bankers won't help at all. She just said I should take a decision.

Thanks all.

pafra:


Is the same rate so, the profit won't be different. but for 365days you get your profits in bulk and can reinvest it again.

For 4 2 days the profit will come in bit but you have the advantage of not tie in down the capital for long and can be able to reinvest in a more profitable business if opportunity come knocking.

pafra:


Why not do your calculation before not thinking so.
The most important factor is the 18% rate for both days . Nothing will change

NOLONGTIN1:


I also Bank with Diamond. When I wanted to do TB, I went to several banks(it's my money and as a business man I should invest with banks that would give me maximum profit)

I read here earlier on that Stanbic IBTC bank had the best rate for TB(b4 now, I never even knew Stanbic was a bank lol) , I went to their branch and compared TB rates for that day and believe you me, the guy that posted earlier did not lie.... The difference is clear.

I sharply opened an account and got 17.4% for 182 days.

My advice to interested TB investors, run away from Diamond, even First Bank is better.

Although Diamond Bank has an HIDA account worth 5%p.a for 1million and above(the advantage? you can get your money any time).

Reyus:
Please who knows the TBills rates for today?

Cation:
So you people are advising not to do tbill with diamond, what about Gtb ooo ?

PinocchioDMZ:

Try 1st bank, Staanbic or fidelity.