₦airaland Forum

stephen13:
I Got to the bank today and I weep for the rate offered
Sec market 8.4% for 365 Days Union bank
T.B rate is bleeding

chidekings:
Hello house,I have a dollar account with fcmb,I am planning to deposit 10,000 dollars there...and leave it,is it a wise choice

emmanuelewumi:
I know Stanbic has a dollar fund, I think Jejebaba has one with them.

FBN Quest and United Capital are the two firms that I am very familiar with and they both have Eurobond funds.

CBN is trying hard to defend the Naira, I wish them the best concerning this

emmanuelewumi:
I will advise you spread the money between bonds, Treasury Bills, money market funds and Eurobond.
We are not sure of the future of the Naira in 2 years time.

If you are like me I will also consider investing in stocks like Nestle, Dangote cement, Zenith and GTB.

N1 million invested in GTB in 2001 is now worth over N40 million, the dividend received in 2018 is over 3 times the amount invested.

emmanuelewumi:
Very good, you paid N20 million because you bought from the secondary market.

You will need about N100 million to buy FGN bond from the primary market.

With a minimum of $2500 you can also invest in the Eurobond fund of FBN Quest Merchant Bank @ 6%.

You are sure of the preservation of your fund from currency devaluation

Nakedman:
I called an account officer at Stanbic Ibtc to find me 365days treasury bill from the secondary market today.. After the long wait, I got debited. After back and forth calculations I almost beat myself seeing about 8.88% for 365days.. So pathetic. Tbills looking scary..

emmanuelewumi:
Returns on Treasury bills should come down to as low as 8% by year end.

I remember getting as low as 6% from the secondary about 4 years ago or thereabout.

Low interest rates and single digit returns on fixed income investment is good for businesses and the economy.

feelamong:
91 days -------7.798%

182 days -----9.00%

364 days -----10%

chloride6:
Old enough to know that high interest rates were strangling our economy..

American Citizens work hard for their money and their TBills rate is 1.5%

In Japan and Europe it's worse, their interest rates are negative..

olujaidi:
https://tribuneonlineng.com/cbn-says-nigerian-companies-individuals-free-to-buy-treasury-bills/

olujaidi:
Must he have just one priority? Do you??

Barrytone:
Disclaimer via channels TV this 6pm news. CBN only stopped OMO participation and not NTB. Status quo is maintained. Lets gather and go stone that media house but it wouldn't be a revolution ooooo, just a protest because I can't fit join sowere. I repeat protest and not revolution.

Truth234:
They augment and sustain the nation's foreign reserves, the country is in the process of diversification. Things like this and border closure are normal to revamp local manufacturing, force the consumption of local products and stimulate growth.

zamirikpo:
If CBN had sense they should have pegged a maximum amount which individuals can invest

Not stop it completely anyway, let's wait and see if the money bags in Nigeria with huge funds in TB and the ears of bubu allow this nonsense policy.

So now the economy of Nigeria depends on individual's money.

Chai....God.

healthserve:
While the Emefiele-CBN's directive is to limit funds in the system for alternative purposes I.e investing in the real economy/sector, its the 21st century and Nigerians being smart will exploit the loopholes.

Since the CBN limits dealing in T-bills to big organizations, its only a matter of time before these " big organizations " create their own banking system to collect funds from individuals and invest them on their behalf.

The obvious alternative is investing in other economies, but then its an excellent move to me by Emefiele. Real Sector Investors helps to create more jobs and promotes circulation of wealth/money better.

Its only a matter of time to address the dichotomy between the digital economy and the real economy. Good move CBN. For once, I'm proud of Emefiele.

Jejebabaa:
Oga, if no be say Buhari don close border. I for tell you say make you enter bus go Ghana go do treasury bills. Below is their interest rates.

OgogoroFreak:
Oh, really? Make I see his face o

contumely2:
Seun is where?

Seun na big man now oo..

OgogoroFreak:
Who's seun? And why does his presence here worth mention? I'm lost bro

igbizen:
What is cost of transferring like $3k dollars to stanbic investment? And how is the rate like?

healthserve:
Invest in real economy boss

IamR:
I am not just happy with what is happening to our TBills. See where our greeds have led us now. It seems TBills don dey cast small small.
What are they prorating in TBills? I am not just happy. Where to go again? Eurobonds sef no be am, I transferred 13k$, my bank charged me 135$ just to invest in Eurobonds. Withdrew 7k$, they charged me 3.5$; It's like keeping money in Dom account does not worth it. It is too expensive to maintain and naira has been very stabled for almost one and half years now.

Where should we invest now?
Any available bond or commercial paper?

Oh my sweet treasury bills is turning sour.

ahiboilandgas:
we will be selling at 143 , we will buy at 133.5 .petrolium equilazation fund pays the transport rate...example if we sell 60000 litres per day (pef ) pays 60000 ×19.05 at claims = around 1.2 m , then we use like 7 naira x 60000 at cost of transporting ( deseal expense) it will land at 140 to the station our profit on the product will be 4 naira x60000 litres (240k ) daily this sum will be used to pay salary and ober head ....then the subsidy the govt pays 19.05 x 60000.=1.2m will be profits

Nnamz:
That Instagram clown has more money that you would or could ever make in your life time (your past, current and future earnings combined together). My advice to you is, don't hate on rich people. As I always tell people, do you want to be rich someday? If your answer is yes, then why hate rich people if you're going to be one some day?