₦airaland Forum

Ok thanks. So what's the first step. Download the app?

emmasoft:
Yes, if you picked that option. Particularly with First Ally and you can always reach out to me if you need further clarifications.

Risingcash94:
Ok thanks. So what's the first step. Download the app?

Okay. Click on the second link on my signature, it will prompt you to download the app either for Android or iOS depending on your type of phone. After downloading launch it and fill out the form that comes up. on the referral code space, write SA-Emma. Every other thing is the usual kyc that you know.

Note that with the app you can do savings, MMF, fixed deposit (Vault), and Tbills.

Please feel free to contact me if necessary. See my contact displayed on my signature.

Rates running back up.

What is the interest rate on the Norrenberger dollar fund.

emmasoft:
Yes, if you picked that option. Particularly with First Ally and you can always reach out to me if you need further clarifications.

Timmi:
What is the interest rate on the Norrenberger dollar fund.

As of today 9.91%

davit:
Check the I-invest app. They always have the best interest rates with their fixed deposit. Branch app too is doing well. I've been using them for about 4 years now

What is the current rate for 360 days

Jeoma2024:
What is the current rate for 360 days

Branch is 23 percent

Guys, i have a question. I bidded for Tbills at the primary market through my bank on the 5th of March for a 364 days tenor. I was surprised, I got 16.75% , which was different from what the stop rate was of 18.39. Though, while filling the form, I left the bidded rate empty, cos I wasn't too sure of what to put and my account officer seems naive too. The question is, since i didnt quote my rate, am I not supposed to get the FG rate? Please someone should advice me, thank you.

You will get what the bank quote

jeffdaniel:
Guys, i have a question. I bidded for Tbills at the primary market through my bank on the 5th of March for a 364 days tenor. I was surprised, I got 16.75% , which was different from what the stop rate was of 18.39. Though, while filling the form, I left the bidded rate empty, cos I wasn't too sure of what to put and my account officer seems naive too. The question is, since i didnt quote my rate, am I not supposed to get the FG rate? Please someone should advice me, thank you.

If u left that place blank, meaning you are going with the bank's rate (which is most likely lower than the stop rate).

Which bank did you do the bidding with?

vanvickie:
If u left that place blank, meaning you are fgping with the bank's rate (which is most likely lower than the stop rate).

Which bank did you do the bidding with?

It was with UBA

See the attached.

Your dollars should not be idle make it work hard for you

Invest in Norrenberger dollar fund at 10.33%

Use the attached form to start investing.

emmasoft:
Your dollars should not be idle make it work hard for you

Invest in Norrenberger dollar fund at 10.33%

Use the attached form to start investing.

Do you know any similar investment for GBP?

Please do you know if there'll be auction this week 26th March?

Odunharry:
Yes there will be auction.

safex:
Do you know any similar investment for GBP?

Yes, get in touch with the phone number on my signature.

nicestlady:
Please do you know if there'll be auction this week 26th March?

Yes there will be. Submit your bid with your bank by tomorrow or chat 09070058289 me let's open an investment account and bid for you against Wednesday Auction.

Nakedman:
Rates running back up.

Investor A put in 100m @16 in 2023 when USD was 820 !(121000 USD ) At Maturity Total was 118m or( 74000 USD ) Effective Loss 47000 USD .To Reduce losses He was Advised to reinvest 118m at 21 percent By December 2025 Total Capital= 148m Or 95000 USD Loss now 27000 USD ( 50 percent off ) if Naira Remain stable .Investor A can only Recover at 4 year IF Naira Remain same

Investor B Used his 100m to buy 3 plots of land in Govt GRA Layout at 30m each = 90m( 110K USD)
Travel with 10m to the UK for MSC 2022 to 2025 Sold it for 200m (125000 USD )
He working in the UK put his 125000 USD in Dollar fund at 8 percent .
Investments in Naira for Long term is a Loss Max 6 Months

2022 - 2025 Sold the 3 Plot for 200m

Educationalserv:
Investor A put in 100m @16 in 2023 when USD was 820 !(121000 USD ) At Maturity Total was 118m or( 74000 USD ) Effective Loss 47000 USD .To Reduce losses He was Advised to reinvest 118m at 21 percent By December 2025 Total Capital= 148m Or 95000 USD Loss now 27000 USD ( 50 percent off ) if Naira Remain stable .Investor A can only Recover at 4 year IF Naira Remain same

Investor B Used his 100m to buy 3 plots of land in Govt GRA Layout at 30m each = 90m( 110K USD)
Travel with 10m to the UK for MSC 2022 to 2025 Sold it for 200m (125000 USD )
He working in the UK put his 125000 USD in Dollar fund at 8 percent .
Investments in Naira for Long term is a Loss Max 6 Months

2022 - 2025 Sold the 3 Plot for 200m

You are right theoretically.

Did you consider the risk of both investment?

I personally don't have anything to do with land except I want to build a home or office.

RayRay06677:
You are right theoretically.

Did you consider the risk of both investment?

I personally don't have anything to do with land except I want to build a home or office.

it not Theory is real life bitter Experience .
I say Land I mean Govt layout developing or develop like Yaba ,Surulere ,gabgada ,Lekki Guzape Jabi Gwarimpha where in the Street na only 1 undeveloped land Remain
Not farm Land ,

Good money Everyone
If I invest 200k in Stanbic money Market what would be my daily interest?

Hello guys,
I am new to treasury bills and would appreciate some insight.

I am wondering why anyone would want to go for the 364 longer investment option.

From my basic Maths, if I have 10,000,000 to invest, is it not far more profitable to invest every 91 days at say 17% and reinvest at maturity.

Than a single investment at say 24% for 364 days

Is there an advantage on investment for longer days?

Thank you in anticipation

Read some previous pages of the thread to find your answer—you’ll learn by doing so. But to help you, rates are quoted as p.a. and are pro-rated for all tenors less than 364 days.

Everr:
Hello guys,
I am new to treasury bills and would appreciate some insight.

I am wondering why anyone would want to go for the 364 longer investment option.

From my basic Maths, if I have 10,000,000 to invest, is it not far more profitable to invest every 91 days at say 17% and reinvest at maturity.

Than a single investment at say 24% for 364 days

Is there an advantage on investment for longer days?

Thank you in anticipation

Educationalserv:
it not Theory is real life bitter Experience .
I say Land I mean Govt layout developing or develop like Yaba ,Surulere ,gabgada ,Lekki Guzape Jabi Gwarimpha where in the Street na only 1 undeveloped land Remain
Not farm Land ,

Like the ones Wike is taking over in Abuja and the structures destroyed in Lagos.

I only begged you to place the risk involved in both side by side.

As for me, whenever I want to take risk, I am deliberate about it hence the plea for you to also educate your audience of the imminent risk involved in both investment.

Odunharry:
Yes there will be. Submit your bid with your bank by tomorrow or chat 09070058289 me let's open an investment account and bid for you against Wednesday Auction.

Thought last auction is March 19

Another should be in 2 weeks

oluayebenz:
Thought last auction is March 19

Another should be in 2 weeks

Through out this month there will be auction. Though on the calender, it was not stated.

Ewaoluwayemi:
Apologies, the mistake is from me. i've forgotten its 106 days instead of 90 days. Just reconfirm, thank y'all

Did they pay your interest upfront ?

Everr:
Hello guys,
I am new to treasury bills and would appreciate some insight.

I am wondering why anyone would want to go for the 364 longer investment option.

From my basic Maths, if I have 10,000,000 to invest, is it not far more profitable to invest every 91 days at say 17% and reinvest at maturity.

Than a single investment at say 24% for 364 days

Is there an advantage on investment for longer days?

Thank you in anticipation

Lol oga calm down and learn from previous pages

The 17% is pa for 91 days the interest on one year will be divided by 4. So it's far lower than 24% pa

Please who knows what the primary auction rate for first bank last week was? For 364days


quote author=legacystore post=134692275]

Lol oga calm down and learn from previous pages

The 17% is pa for 91 days the interest on one year will be divided by 4. So it's far lower than 24% pa[/quote]

any member successfully bid for yesterday FGN BOND? at what rate did u get

ok

Odunharry:
Yes there will be. Submit your bid with your bank by tomorrow or chat 09070058289 me let's open an investment account and bid for you against Wednesday Auction.

Have been hearing about Tbill for sometime now yesterday I was just reading more about it . I will love to invest . If you are an expert can you throw more light to it for me ? Please