₦airaland Forum

dotcomnamename:
Does anyone know the minimum amount First Bank accept to invest on Money Market Funds?

Alikote:
what it mean it that with crude oil hitting 70 dollars per barrel ,Nigeria will be out of recession and forex induced inflation which is the primary cause of prices rising over 50 percent between 2015 and 17 will drop ..The cbn alway try to bench rate above the inflation rate inorder for investor in money market instrument to make money ,however this can drop with reduced inflation .
Now Nigerian govt is getting more money from high crude prices and settling all dollar request by importer and manufactures this bring down inflation hence interest rate must drop the are interwine
2 foreign investors that were attracted by the high tb rate of 18.2 percent to bring in dollars into the greenback scare nigerian economy will not be needed by the CBN again crude sale of 70 and dollar dominated bonds will come to the rescue .

3.with over 31 billion dollars in cbn reserve the are more confident of the ability of the cbn to fund forex demand it a big buffer .4Advice lock in your funds for one year at 18 percent now cos rate will drop it was 8 percent for 356 when crude oil was 140 dollar the last time we enjoy this type of rate where around 2001 when inflation was 14 .........typo error hp u understand

Gavrelino123:
Good evening..
I don't understand what you mean...
Make it clear to us......!
Are you saying that it's unsave to invest in TREASURY BILLS at the moment.?

Gavrelino123:
How does this affect TB in Nigeria.?
Kindly explain....

samwhite18:
who come score bro trachoma.