zamirikpo:


I think is on the 17th , housemates Don vex , them no dey answer questions on dates ......

I have placed my order today.

alterswerve:


(Principal * Rate * Time)/100

(10 million * 10 * 91)/(100 *364)

Simple Interest = 250 000
Total = 250 000 + 10 million

oluwadamilolah:
Thanks so much for this. my question might sound odd I just wanted clarification. please why did u divide 100 by 364

oluwadamilolah:
Thanks so much for this. my question might sound odd I just wanted clarification. please why did u divide 100 by 364

alterswerve:


Happy to help.

Well, interest rates are calculated per annum(most generally) or per tenure, and one tenure from his question was 364 days. If 364 days/364 days is one tenure or year, so 100 days in tenure or years is 100/364

PythonDancer:

Lol. What’s “most generally”?
It’s simply per annum and that’s the fact

Mfunkynation:

for example using 13.1%
[(13.1/100 * capital)/ 364] * Tenor days

alterswerve:


Happy to help.

Well, interest rates are calculated per annum(most generally) or per tenure, and one tenure from his question was 364 days. If 364 days/364 days is one tenure or year, so 100 days in tenure or years is 100/364

dipoolowoo:
One-Year T-Bills Shed 0.08% as Money Market Rates Jump to 42.12%
https://www.businesspost.ng/2018/10/16/one-year-t-bills-shed-0-08-as-money-market-rates-jump-to-42-12/

freeman67:


Most times I don't do it for your appreciation.. I know it's what you are not aware of but instead of you to take time and find out you would rather want to be spoon fed with it.. I will not stress my self for that without stressing you too.



If you check the bolded comment in the quote above you will know it's people like you that keep repeating already answered questions that have deprived others from getting what they should when they should. If not, auction dates changes and people can easily answer that but your particular question about FBN has been repeatedly answered and it remained that way so reading from behind would have resolved it.. Instead of noting what I said and move on, :Pyou want to show me you are foul mouthed by telling you would have appreciated my comments. Did you see me write anywhere that you should appreciate it?

Grupo:
Many people on this thread are so rude. The time and energy they use in typing insults and saying things like, "read previous pages" can be enough to answer a simple YES/NO question. Mtcheew.

Nnamz:


Because you should read previous pages . . .

Grupo:
Many people on this thread are so rude. The time and energy they use in typing insults and saying things like, "read previous pages" can be enough to answer a simple YES/NO question. Mtcheew.

Grupo:
Many people on this thread are so rude. The time and energy they use in typing insults and saying things like, "read previous pages" can be enough to answer a simple YES/NO question. Mtcheew.

Grupo:
Many people on this thread are so rude. The time and energy they use in typing insults and saying things like, "read previous pages" can be enough to answer a simple YES/NO question. Mtcheew.

Mfunkynation:

for example using 13.1%
[(13.1/100 * capital)/ 364] * Tenor days

condomuser:
He didn't divide 100 by 364 but what happened is that you have to inbox me and send me N1000 to break it down , i'm joking.

Wht happened is that, he simply converted the 13.1 into percentage, he then multiplied it by the value of capital, he then divided it by 364 days being the number of days of investment. This is a simplified way that allows you to know the amount of interest generated every day on your investment.

I have seen much more complicated methods of calculation just to arrive with the same results, so thank the guy for simplifying it.

fickyola:
I lost this week bidding at the primary market, fbn said their bidding ends Monday, I just went there today. the banker I meant advice me to buy 352days at 12.86% which I find it a bit okay. I quickly grabbed it. I guess my decision was right

oluwadamilolah:
Please is it advisable I use Wema bank

Grupo:


Most people here use stanbic, gtbank, and first bank. Why not open an account with any of these banks since they are the ones that appear to give better rates?

Grupo:


Most people here use stanbic, gtbank, and first bank. Why not open an account with any of these banks since they are the ones that appear to give better rates?

Ehuatamuigunisi:


Do you have idea the secondary market rate of these banks?

Gabrielclint:
Good evening my people..
Please what is the minimum amount in naira that one can invest.