Nnamz:


Primary market occurs every 2nd Wednesday. You wouldn't know the rate until the bidding is over. Whereas secondary market is everyday; just email your account officer and ask what days and rates are available. They could say that they have 265 days at 11%, or 45 days at 10%, just an example. Bottom line is, you wait till every second Wednesday to do primary market, while you can do secondary market at any time of the day. Cheers

ositadima1:


Mr Alikote is dat you?

By the way, someone made an interesting point earlier.

If inflation was indeed compounding in a few years naira would worth nothing. A 14% inflation that compounds negatively would require only 5 years to wipe initial principal, but, despite inflation being double digits for the past couple of years, naira is yet to hit the d floor. How is that so?

ositadima1:


Mr Alikote is dat you?

By the way, someone made an interesting point earlier.

If inflation was indeed compounding in a few years naira would worth nothing. A 14% inflation that compounds negatively would require only 5 years to wipe initial principal, but, despite inflation being double digits for the past couple of years, naira is yet to hit the d floor. How is that so?

ahiboilandgas:
all I know is I bought tyre for 35 k and now 70 k ,truck for 4 m now 7m this are practical example I use to know how inflation affect me...i wire 500 euro monthly for school living expense b4 it was just around 100 k now I need 220 k monthly to send 500 euro...my income is in naira so devalution is a serious danger to my life style

ositadima1:


He go better nah, as Dangote refinery is coming on board it will cut down capital flight, bring in foreign exchange and as well serve as a push to other big investors to build more refineries.

zamirikpo:


And I didn't even go to school.....ode

Am sure u finished with a 3rd class from the way u reason and write.

Olodo

Sapeleboy911:
Ego and pride is derailing this thread. This was meant to be an educative and awareness thread. We don't have to prove how wealthy we are in order to pass our messages.

ahiboilandgas:
people are taking about Harvard and sanford universities this one is taking about unilag not on 1000 best in the world ....am disappointed

Sapeleboy911:
Ego and pride is derailing this thread. This was meant to be an educative and awareness thread. We don't have to prove how wealthy we are in order to pass our messages.

aremso:


Mr. Harvard congrat! Am thankful and grateful to God for what I have been able to achieve with my unilag certificates ooo. Congrats again Mr. Harvard.

ahiboilandgas:
is to make some europe based dish washer brain reset and understand we talking from real experience point of view not some random uni lag outdated taught theory

Sapeleboy911:

You don't have to insult him in order for you to make your point. If he doesn't share the same views with you or find your posts informative others will. So no need for insults just share your views and move on.

Sapeleboy911:

You don't have to insult him in order for you to make your point. If he doesn't share the same views with you or find your posts informative others will. So no need for insults just share your views and move on.

ositadima1:
This place is fast escalating into a free for all, me sef dey look for person way I go fit beat, Sapeleboy911 maybe...

Sapeleboy911:

Lol na me your power reach abi? You no go beat our government wey no fit control our free fall of naira making it loose value on daily basis. Na me you wan beat? I go burst strong coke bottle for your head.I no be pastor pikin oo I be jaguda too!!!

On a serious note please let's not derail this thread please. Its been a long time comming.

Infinitisi:
.

dotcomnamename:

I
Let me emulate. "If you know you know" Lol

hias2012:


Good analogy. Good to diversify,and well done folks. But what none has hinted is at what "time" one converts his/her dollars to Naira in order to make profit. In 2016 when the exchange rate skyrocketed was partly because of scarcity of dollars. Banks put a cap on how much dollars you could spend off your dorm account whilst abroad. For the most part, withdrawing in Nigeria wasn't even as easy as the banks cried they didn't have dollars to issue out. I guess this was the case whether you wanted to buy off the counter or withdraw from your dorm account. Hence the black market rate headed far North. And this is the reason people matained warehouses and Ikoyi flats as their dorm account for easy access.When we analyse it's good we highlight the pros and cons. The reason majority invest in TB is because they are sure of their rates, interest and capital and the "time". If you stack your dorm account, which is good, but who says or knows when exchange rate would go again far up and juicy enough at which point you decide to sell? This is not known by anyone. We've probably had like the 2016 experience twice since 1999 or thereabout. Many people died while waiting.

That said the second issue is that everybody is not the same. Some are more risk adverse than others. Some would dare the risk with the hopes of higher returns, and we know that only a percentage of this actually make their money - make it big while others lose evrything or die due to hypertension. But those who like it small, and are careful investing in zero-risk ventures are free from the above hassles, they ALL make their money albeith surely and steadily.

The third is that it is not TB rate that determines inflation rate but the reverse. Hence the fluctuation. So those praying for higher TB rate should know. Higher inflation, higher TB rate and we actually don't pray for this. We pray intlation rates keep going down. So if you have money and you don't know the sure profitable business or venture to invest in, keep investing in TB. However, make sure you don't eat all the interest, make sure part of it is reinvested otherwise with rising inflation the actual worth of your money is reducing over time if you EAT all the interest.

So far all the analysis make a good read for me, and this forum has to be lively to educate and as well to thrill.

bendo75:
I see that some folks intentionally or unintentionally want to derail this sub. For the past few days, I have noticed name calling, insults and pride on this sub. We must not forget that our forum was started by Feelamong on Feb. 24, 2012 for the purpose of helping folks understand and invest in NTB. Today I am a beneficiary of Feelamong’s ingenuity. It will be nice if we keep this forum for NTB.

For those talking about inflation and saving in dorm accounts, you can start a sub on inflation and I know many folks here be willing to subscribe.

Few years back I flipped all my Usd to naira at $/492 and invested all in treasury bills at 18% interest rate for 364 days. Today it’s $/360. When I flipped $ to ₦, some of my friends flipped ₦ to $ predicting $/1000. They said naija was going to burn down but the good Lord did not allow our country to burn down. No body knows tomorrow. I could also have been at loss and still can if ₦ depreciates a lot in future.

My point is that this sub exists to encourage Nigerian young people to cultivate the culture of saving and for me NTB is a zero risk way to achieve that.

Please let’s keep this forum only for NTB investment and please stop all personal attacks. We are all here to learn from each other. Blessings folks.