michellez:


Anyone looking to do FD should approach Micro Finance Banks, some offer as much as 20% for 5M or more.

20% ke?. What do they invest it in to recover the funds and make profit?.

spenca:


Okay this two government securities are typically of two different classes, the T-Bills is a money market instrument while bonds are capital market. The major difference is the tenor, the TBills go for shorter tenor than the Bonds that are for longer tenor. In Nigeria's economy the longest tenor for a TBill is 354 Days while the shortest for the Bond is 2 years in the case of the FGN savings bond.

Bottom line

Regardless of the yield your investment strategy matters, do you want to go long with your asset or you are holding a short position.

Oh thank you very much. I sincerely appreciate.

NL1960:


20% ke?. What do they invest it in to recover the funds and make profit?.

The higher the risk, the higher the return. They also offer loans to people at crazy rate.

spenca:


Take it

Sweet deal.

Horlartunes:
abeg drop your whatsapp so you help me how to go with it

No need dropping any what'sapp number again.. Everything can be discussed here.

freeman67:


No need dropping any what'sapp number again.. Everything can be discussed here.

help me to.calculate 20m for 364 days will give how much

Horlartunes:
help me to.calculate 20m for 364 days will give how much

@ what rate(%)?

freeman67:

@ what rate(%)?

the current
CBN rate GTB

Horlartunes:
the current
CBN rate GTB

You will have to contact GTB to know what their current rate is.

freeman67:


You will have to contact GTB to know what their current rate is.

gimme your whatsapp Bros

zamirikpo:


yes, even at that I am still better off, as long as skyebank survives the next 364days. read pages 506,507,508 the maths has been done by a good Samaritan.

and mind u the last TB rate was 11.49% for 364days who knows what the next one will be in 2weeks, I couldn't wait to find out.

Makes sense...

Horlartunes:
oga boss how do you calculate it sir

(tenor % rate x capital/ 365) x tenor days

michellez:


Anyone looking to do FD should approach Micro Finance Banks, some offer as much as 20% for 5M or more.

Hmmmmmmmmmmmmmmmmmmmm.
Please! Please!! & Please!!!
Be very very careful about investing your funds in Micro Finance Banks.

It's actually true that you can get 20% for N5m or over BUT you MAY not get your money back at the expiration.

Usually, they come begging you to role over at expiration and if you insist that you must have your money back, then they start telling you stories and give you promises. If at all you will get something back from them, you will be lucky to get only a fraction of your investment and you will be asked to convert whatever you're owed to own share in the company or their board as non sitting director.

This is what a stubborn friend of mine is going through for over 3yrs now and they are owing him over N50m.

So shine your eyes before you leap o and avoid unnecessary suicide because of greed expecially if the money is not yours.

The good thing I know is that you won't come back to tell us here if and when you get your fingers burnt.

Usually, some of them would pay you once or twice to lure you and later come out in their true colours.

TONY56:



Hmmmmmmmmmmmmmmmmmmmm.
Please! Please!! & Please!!!
Be very very careful about investing your funds in Micro Finance Banks.

It's actually true that you can get 20% for N5m or over BUT you MAY not get your money back at the expiration.

Usually, they come begging you to role over at expiration and if you insist that you must have your money back, then they start telling you stories and give you promises. If at all you will get something back from them, you will be lucky to get only a fraction of your investment and you will be asked to convert whatever you're owed to own share in the company or their board as non sitting director.

This is what a stubborn friend of mine is going through for over 3yrs now and they are owing him over N50m.

So shine your eyes before you leap o and avoid unnecessary suicide because of greed expecially if the money is not yours.

The good thing I know is that you won't come back to tell us here if and when you get your fingers burnt.

Usually, some of them would pay you once or twice to lure you and later come out in their true colours.

hmmm CBN should here this. Your friend should have lay complain to CBN so that he get paid

anyone knows the current secondary rate of stabic ?

TONY56:



Hmmmmmmmmmmmmmmmmmmmm.
Please! Please!! & Please!!!
Be very very careful about investing your funds in Micro Finance Banks.

It's actually true that you can get 20% for N5m or over BUT you MAY not get your money back at the expiration.

Usually, they come begging you to role over at expiration and if you insist that you must have your money back, then they start telling you stories and give you promises. If at all you will get something back from them, you will be lucky to get only a fraction of your investment and you will be asked to convert whatever you're owed to own share in the company or their board as non sitting director.

This is what a stubborn friend of mine is going through for over 3yrs now and they are owing him over N50m.

So shine your eyes before you leap o and avoid unnecessary suicide because of greed expecially if the money is not yours.

The good thing I know is that you won't come back to tell us here if and when you get your fingers burnt.

Usually, some of them would pay you once or twice to lure you and later come out in their true colours.

To before warned...... money doesn't need to much words, have learnt my lessons thou was lucky in my case.....that said bank thought a lesson and I will be forever grateful I learnt.

TONY56:



Hmmmmmmmmmmmmmmmmmmmm.
Please! Please!! & Please!!!
Be very very careful about investing your funds in Micro Finance Banks.

It's actually true that you can get 20% for N5m or over BUT you MAY not get your money back at the expiration.

Usually, they come begging you to role over at expiration and if you insist that you must have your money back, then they start telling you stories and give you promises. If at all you will get something back from them, you will be lucky to get only a fraction of your investment and you will be asked to convert whatever you're owed to own share in the company or their board as non sitting director.

This is what a stubborn friend of mine is going through for over 3yrs now and they are owing him over N50m.

So shine your eyes before you leap o and avoid unnecessary suicide because of greed expecially if the money is not yours.

The good thing I know is that you won't come back to tell us here if and when you get your fingers burnt.

Usually, some of them would pay you once or twice to lure you and later come out in their true colours.

That your friend is not serious or he must be one of the 'lazy youths' or 'over lazy adult'. How can he have N50m and he goes to do a FD in a microfinance bank?. The capital base for a unit MFB is N20m.

TONY56:



Hmmmmmmmmmmmmmmmmmmmm.
Please! Please!! & Please!!!
Be very very careful about investing your funds in Micro Finance Banks.

It's actually true that you can get 20% for N5m or over BUT you MAY not get your money back at the expiration.

Usually, they come begging you to role over at expiration and if you insist that you must have your money back, then they start telling you stories and give you promises. If at all you will get something back from them, you will be lucky to get only a fraction of your investment and you will be asked to convert whatever you're owed to own share in the company or their board as non sitting director.

This is what a stubborn friend of mine is going through for over 3yrs now and they are owing him over N50m.

So shine your eyes before you leap o and avoid unnecessary suicide because of greed expecially if the money is not yours.

The good thing I know is that you won't come back to tell us here if and when you get your fingers burnt.

Usually, some of them would pay you once or twice to lure you and later come out in their true colours.

I know someone that worked with a micro finance bank and he looted over 140million naira, built two houses in lagos and two nursery schools, obtained US visas for himself and his family 4 of them, was arrested at airport when boarding their flight to US. Trying to run/relocate to the US permanently. Imagine what their customers will be going through for their hard earned. money. I can never advice anyone to invest in micro finance bank. They are addicted to stories when you are about to collect your money O!

Please TB and Money market fund Stanbic which is more profitable. Had an investment on MMF but don't understand how is being calculated. TB seems to be more understandable.

Please need to understand this MMF. Thank you.

NL1960:


That your friend is not serious or he must be one of the 'lazy youths' or 'over lazy adult'. How can he have N50m and he goes to do a FD in a microfinance bank?. The capital base for a unit MFB is N20m.

You see, that's the result of greed.
I guess he didn't know just like me too that the capital Base is N20m.

Moreover, they have not and will never tell him that they won't pay. They keep telling him that they have constraints and that they will pay.

Maybe he too has suddenly realised that he shouldn't have placed such huge amount in a N20m capital based bank.

He was rolling over and collecting interest for about 3yrs and at about 25%.

The last he told me was that he would approach them to keep paying his interests so that with time, he would be able to recoup his principal. I hope they will even be in a position to pay interest now.

I guess maybe there's nothing the CBN can do to help him out especially since you say that their capital base is N20m. If a bank is distressed and as a result, can't even pay you the amount you desire even in a savings account, is there anything CBN can do to force them to pay what they don't have?

It has been repeated here times without numbers that "the higher the interest, the higher the risks" but people who are greedy would not listen until they witness it.

I simply laughed when someone said Skye wants to pay 13% for Fixed deposit. Yes, they can pay what Stambic, First, Zenith, GT and other 1st tier banks can't pay because they are standing just on one leg and they know that should they fall, they will fall with their customers and nothing will happen other than the NDIC paying everyone same paltry amount that is guaranteed by law.

I doubt if any 1st tier an can pay 10%

diamond88:
anyone knows the current secondary rate of stabic ?

Heading to Stanbic now.

WhiteChocolate:
Heading to Stanbic now.

ok i will like to know the outcome of your findings

Horlartunes:
abeg drop your whatsapp so you help me how to go with it

08032966258

diamond88:
anyone knows the current secondary rate of stabic ?

219 days - 10.75
107 days - 10.20
170 days 10.45

That's about it for today.

WhiteChocolate:


219 days - 10.75
107 days - 10.20
170 days 10.45

That's about it for today.

nice...i have been contacting my account officer....she heard my voice and form ghost mode. next dialing shes not picking.

diamond88:


nice...i have been contacting my account officer....she heard my voice and form ghost mode. next dialing shes not picking.

Please i'm eating Peppersoup... Just stop this, pls stop...

TONY56:



You see, that's the result of greed.
I guess he didn't know just like me too that the capital Base is N20m.

Moreover, they have not and will never tell him that they won't pay. They keep telling him that they have constraints and that they will pay.

Maybe he too has suddenly realised that he shouldn't have placed such huge amount in a N20m capital based bank.

He was rolling over and collecting interest for about 3yrs and at about 25%.

The last he told me was that he would approach them to keep paying his interests so that with time, he would be able to recoup his principal. I hope they will even be in a position to pay interest now.

I guess maybe there's nothing the CBN can do to help him out especially since you say that their capital base is N20m. If a bank is distressed and as a result, can't even pay you the amount you desire even in a savings account, is there anything CBN can do to force them to pay what they don't have?

It has been repeated here times without numbers that "the higher the interest, the higher the risks" but people who are greedy would not listen until they witness it.

I simply laughed when someone said Skye wants to pay 13% for Fixed deposit. Yes, they can pay what Stambic, First, Zenith, GT and other 1st tier banks can't pay because they are standing just on one leg and they know that should they fall, they will fall with their customers and nothing will happen other than the NDIC paying everyone same paltry amount that is guaranteed by law.

I doubt if any 1st tier an can pay 10%

well sadly, there is a lesson to learn here. Most fund managers know too well to diversify, since we are our own fund manager we should learn to diversify. It is key in cushioning risk.

Be on the good side of the market

spenca:


well sadly, there is a lesson to learn here. Most fund managers know too well to diversify, since we are our own fund manager we should learn to diversify. It is key in cushioning risk.

Be on the good side of the market

You're right. But finding the channel(s) to diversify to is another major problem for we investors.

dotcomnamename:


You're right. But finding the channel(s) to diversify to is another major problem for we investors.

There are few out there , do your DD and what is best for you

spenca:


There are few out there , do your DD and what is best for you

You mean few with more risk than TB and MF?

@ogedanny

Do you know how to buy FBN Eurobond?

ogedanny:


it's time to buy FBN Eurobond fund

dotcomnamename:



Please i'm eating Peppersoup... Just stop this, pls stop...