Now we can talk about the subject of the thread and not exchange rates and forex

bodejohn:


I don't seem to understand your point...you have not been consistent...

What point are you trying to make?
Between 1 Cedi and 1 Naira, which is more valuable? Which one do you think is higher?

These things are intentional trade, I do not need to go to ghana to find out what exchange rates are.

The simple way to understand it is every 1 cedi u see is in actual value 100cedis. so your comparison now should be if 1cedi =N52 it actually means 100cedis=N52. In this case you don't look at the face figure but the value. Hope this will explain it better.

dude the explanations @mekaboy gave you was a hit back to back.
So bro if its the naira you want come and collect it.

mekaboy:


You did not annoy me sir, we learn from each other everyday. I was getting confused myself. Wondering if it is still the same Ghana that I know.

Because from your analysis it means the Cedi is stronger than the Japanese yen and Ghana economy is better than Japan.

Thank you for bringing this Naira VS Cedi argument to a conclusive end, a wealth of information and knowledge you just posted in the past few pages. I have learnt a lot from these few pages. Following you immediately.

na wa ooo. economics 101

Heard transcorp will sell bonds at 16% this Jan 18. 2022 or so.

Alikote:
when u place fund on 4 percent and inflation is 11 percent u are lossing in real time

wat if it's 8% will you loss ?

pls i just need sum1 to explain how i can loss in t.b because im planning to invest huge anytime soon. I planned to use the returns for some crucial payments which needs to be done annually. I'm a Nigerian, not a foreign investor or whatsoever. And also, how often can sum1 loss in t.b can you experience this frequently thats yearly.

Luckystar220:
wat if it's 8% will you loss ?

yes it has to be above inflation

Does anyone know the current fixed deposit rate at first bank?

Desanta:
Does anyone know the current fixed deposit rate at first bank?

3.5% 30days
4% 91days

FCMB can offer btween 5-6% for 180days. They re the highest I know of presently.

Luckystar220:
wat if it's 8% will you loss ?

Yes I agree with alikote. Buh again, what are the available alternatives at this point?. 8% is still very much a better deal than 4%.

Desanta:
Does anyone know the current fixed deposit rate at first bank?

Why not consider the ARM Money market fund? Why tie down your capital for 180days for mere 5%, and by the time the rate comes back up like we are anticipating it should. You will be at a disadvantage. My one kobo! Peace.

Johnrake69:


Why not consider the ARM Money market fund? Why tie down your capital for 180days for mere 5%, and by the time the rate comes back up like we are anticipating it should. You will be at a disadvantage. My one kobo! Peace.

@Johnrake69 pls how do i change the number i use to register my armmmf account.i want to put anoda d old one is lost for long

Is it possible to bid for 2 bonds? say u have 5m in the bank. you want to bid for 2020 bond at 14% and 2026 at 17% . anyone that succeeds you go for it.

Cation:
@Johnrake69 pls how do i change the number i use to register my armmmf account.i want to put anoda d old one is lost for long

That is not a challenge at all. All you need do is fill an update form with your passport photograph and attach any federal government issued ID you have. Please send me an email (Kelvin.chiejine@arm.com.ng).

Chukzyfcb:

3.5% 30days
4% 91days

FCMB can offer btween 5-6% for 180days. They re the highest I know of presently.

Skye bank is better...my sis fixed around 1m for 5.5% for just 90 days

SomBaby:

Skye bank is better...my sis fixed around 1m for 5.5% for just 90 days

I hope you know it's per annum interest. What you actually get for the 90 days is 1/4 of 5.5% which is about 1.375%. That's N13,750.

SomBaby:

Skye bank is better...my sis fixed around 1m for 5.5% for just 90 days

Hmmm...5.5? Well not so fantastic when compared to the previous rate but its sure better than most banks around

unite4real:


I hope you know it's per annum interest. What you actually get for the 90 days is 1/4 of 5.5% which is about 1.375%. That's N13,750.

really?


That's a waste of time

unite4real:


I hope you know it's per annum interest. What you actually get for the 90 days is 1/4 of 5.5% which is about 1.375%. That's N13,750.

u forgot withholding tax

ednut1:
u forgot withholding tax

lol

How did we get to 5 %?
This is serious.

Chillis:
How did we get to 5 %?
This is serious.

VERY!!

[b][/b][b][/b]PRIMARY AUCTION STOP RATES

(Bonds: January 20 / Bills: January 20)

GOVT. SECURITIES Rates

91 days 36.78 4.2900%

182 days 39.17 7.5900%

364 days 120.00 9.3285%

5yr FGN Bond - 15.54% 40.00 12.24%

10yr FGN Bond – 12.50% 35.00 12.5000%

20yr FGN Bond – 12.1493% N/A N/A




The discount rates and yields all seem to be moving up once again..

[b]PRIMARY AUCTION STOP RATES

(Bonds: January 20 / Bills: January 20)

GOVT. SECURITIES Rates

91 days 36.78 4.2900%

182 days 39.17 7.5900%

364 days 120.00 9.3285%

5yr FGN Bond - 15.54% 40.00 10.9520%

10yr FGN Bond – 12.50% 35.00 12.5000%

20yr FGN Bond – 12.1493% N/A N/A




The discount rates and yields all seem to be moving up once again..

[/b]PRIMARY AUCTION STOP RATES

(Bonds: January 20 / Bills: January 20)

GOVT. SECURITIES Rates

91 days 36.78 4.2900%

182 days 39.17 7.5900%

364 days 120.00 9.3285%

5yr FGN Bond - 15.54% 40.00 10.9520%

10yr FGN Bond – 12.50% 35.00 12.5000%

20yr FGN Bond – 12.1493% N/A N/A




The discount rates and yields all seem to be moving up once again..

PRIMARY AUCTION STOP RATES

(Bonds: January 20 / Bills: January 20)

GOVT. SECURITIES Rates

91 days 36.78 4.2900%

182 days 39.17 7.5900%

364 days 120.00 9.3285%

5yr FGN Bond - 15.54% 40.00 12.24%

10yr FGN Bond – 12.50% 35.00 12.5000%

20yr FGN Bond – 12.1493% N/A N/A




The discount rates and yields all seem to be moving up once again..

For those that wants to invest in Fixed deposit. I work with a Non- banking financial institution called Rosabon financial services on the Main land (Lagos) with a branch in PH, licensed and regulated by CBN and also been in existence for over 22yrs now. our interest rate still remain unbeatable, fantastic and far better than what all the commercial banks are giving out presently. For 1M is actually 12% per annum for 90days and is still open to negotiation.The longer the tenure , the better the interest rate. You may contact me if you are interested. 08036450638,09053606576 or a.abatan@rosabon-finance.net and you can also earn commission on referral or Join our Broker Program today and earn as much as 3.5% on every Treasury or Lease Transaction that you generate.Thanks

Tbills is improving gradually. I hope by April when my investment will mature, it would have bounced back fully. > 12%

For those unterested. This is what diamond banks is offering.
Please see available tenors and rates in the secondary market today (21-01-2015) below.

TENURE (DAYS)  MATURITY DATE  RATE (%)       
119     19-May-2016     5.00%  
155     23-Jun-2016     5.20%  
288     03-Nov-2016     6.40%  
330     15-Dec-2016     6.50%  

Please note that we have 119 days, 155 days, 288 days and 330 days only.

The formula for calculating the Interest payable is seen below.

Interest = Principal * Rate(%) * Time (Tenure Days)

billtommy:
For those unterested. This is what diamond banks is offering.
Please see available tenors and rates in the secondary market today (21-01-2015) below.

TENURE (DAYS)  MATURITY DATE  RATE (%)       
119     19-May-2016     5.00%  
155     23-Jun-2016     5.20%  
288     03-Nov-2016     6.40%  
330     15-Dec-2016     6.50%  

Please note that we have 119 days, 155 days, 288 days and 330 days only.

The formula for calculating the Interest payable is seen below.

Interest = Principal * Rate(%) * Time (Tenure Days)

How does one purchase without an account in diamond bank.

No idea.......u need to do some findings......walk into a diamond bank 2mr.

yomi007k:


How does one purchase without an account in diamond bank.

Rate moving up since FG needs money. Nigeria and their palava! I pray it gets back to 15% soon.

Zeiya:
Tbills is improving gradually. I hope by April when my investment will mature, it would have bounced back fully. > 12%

Let's pray so, I will buy when 91 days gets to 6%.