deepwater:


It could be longer than that bro.
Just make sure u are ready to hit it hard when it goes high
that way u would gain more'
some gurus here have their own school of thought - (NAIRA DEPRECIATION) when u save for some reasons i still dont understand how/what that means

by the way stuck up some USD now if u can....u see how CUSTOM increase exchange rate?.....it was not done in isolation....the FG just use am test if hot water don boil for this new CHANGE era.

very soon all other FG agencies go spike the USD exchange rate....if u get USD then, u go sell market

HeliosHay:


They probably mean value erosion by inflation.

Saving in Naira doesn't really help.

deepwater:


is it cast on stones that the Naira shall never appreciate?
cuz everyone talks about depreciation only

HeliosHay:


They probably mean value erosion by inflation.

Saving in Naira doesn't really help.

hello66:
.

very soon all other FG agencies go spike the USD exchange rate....if u get USD then, u go sell market

U mean raw dollar cash?

HeliosHay:


It probably will but not under Buhari's command lol

My bet is it'll happen under a president that understands business and the need to create an enabling environment for business and the economy to thrive without too much govt interference.

The guy does as he pleases so it's no surprise investors don't trust him.

Jobac:

Please and please let's try not to bring Buhari's matter here, I am averse to anything anti-Buhari and Osinbajo. Please be guided before we all take our hands to ruin this thread. The useless PDP brought us to where we are today; we give glory to God for giving us Buhari and Osinbajo. I dey carry Buhari and Osinbajo's matter for head o.

Georgisuria:

No sir.12.5% is for 30days I.e one month.calculation is done on a simple interest basis
Regards!

feelamong:
TREASURY BILL RATES STILL DROPPING.....

Today Primary Market Auction 19th June 2019

91 days -------9.6%

182 days--------11.89%

364 days----------12.02%

HeliosHay:


Lol, when it comes to fighting corruption I give it to him..he's done ok.

But managing the economy is not his strong suit. It's not a coincidence the economy struggled under him in 1983/85 and now

Grupo:


Fight which corruption?

HeliosHay:


Lol, when it comes to fighting corruption I give it to him..he's done ok.

But managing the economy is not his strong suit. It's not a coincidence the economy struggled under him in 1983/85 and now

Grupo:


Fight which corruption?

HeliosHay:


Value erosion by inflation simply means that your money has less purchasing power.

For e.g., If you bought a laptop for N50,000 in 2015, you won't be able to buy that same laptop for N50,000 today due to inflation causing the price of the laptop to increase.

Inflation in Nigeria is currently around 11%

Investing in TB (and earn 12%) allows your money to barely keep up with inflation.

Your money won't keep up with inflation when you invest in fixed deposit (savings)

deepwater:


Bro this is text book
In reality, things are designed to fade with time
I bet 2015 laptop wont worth that sum in 2019
Just look around you and study how those things you spend money on fade with time.
Your 2015 50k might not get you a laptop in 2019 but still, 2019 laptop is surely a higher spec. Now I ask, was this due to inflation or more value added to the laptop?

I am not saying inflation doesn't exist but not as typical as it is been portrayed. Otherwise, we would be operating on 100% inflation if the statistics are correct since 2005

HeliosHay:


Saw that coming...ok let's just say he's done more than Goodluck Jonathan when it comes to fighting corruption. I just feel like it was more rampant under Jonathan and he (unlike Buhari) was scared to bring people to account

HeliosHay:


I agree some things fade with time but inflation accelerates the rate at which this happens.

For e.g. my fufu and egusi soup.

I could eat that in a mama put for N120 a few years back..now they charge N300. It's the same fufu and egusi soup o..no added value lol

A lot of things are getting more expensive..at least in Lagos

HeliosHay:


I agree some things fade with time but inflation accelerates the rate at which this happens.

For e.g. my fufu and egusi soup.

I could eat that in a mama put for N120 a few years back..now they charge N300. It's the same fufu and egusi soup o..no added value lol

A lot of things are getting more expensive..at least in Lagos

deepwater:


I like your examples

But check well, the quality of meat and fish in that egusi soup was not the same 3 years ago.
People still eat same fufu and egusi for less than 100 naira today


In next three years you shall eat in a more better place

TotoNaRubber:

Wow you know a place we can eat with less than N500 per person? I am going to buy you lunch to know this place.

The last place i ate billed me N3750 for two people inside shoprite, they even inflated the bill to N4800 thinking i wouldn't notice. The stupidd worwor girl wey i carry that day kept saying i was worried about paying the additional N1050. I told her look if you ignore such these people will be making easy money for nothing. Some gals sha no get observatory mind.



I have

Jobac:

I don't have direct experience with MFB and I don't want to have. Thanks for the offer.

Georgisuria:

No sir.12.5% is for 30days I.e one month.calculation is done on a simple interest basis
Regards!

HeliosHay:


Damn! Sorry bro. They sure fleeced you lol. But Shoprite is high end so no surprises there

It's N300 in Okota Lagos...I usually go there when I visit

Grupo:


Fight which corruption?

deepwater:


I like your examples

But check well, the quality of meat and fish in that egusi soup was not the same 3 years ago.
People still eat same fufu and egusi for less than 100 naira today


In next three years you shall eat in a more better place

deepwater:


Bro this is text book
In reality, things are designed to fade with time
I bet 2015 laptop wont worth that sum in 2019
Just look around you and study how those things you spend money on fade with time.
Your 2015 50k might not get you a laptop in 2019 but still, 2019 laptop is surely a higher spec. Now I ask, was this due to inflation or more value added to the laptop by the manufacturer's in terms of design and capacity?

Dont forget not everyone had 50k in 2015, but now they have and can still get laptops better than 2015 specs.

I bought my Siemens C35i for 93,000 in 2003, with that sum I will buy a better phone even at half the price.

I am not saying inflation doesn't exist but not as typical as it is been portrayed. Otherwise, we would be operating on 100% inflation if the statistics are correct since 2005

skyangel:


This your idea is the best to go with.
I had over 300k in stanbic mmf which I could have as well locked in tbill. As I speak now, it has reduced to 160k all because I withdrew some funds twice just to buy clothes and some other stuff. I could have done without these if the money was unreachable. No thanks to stanbic who does same day crediting of bank account.

I have learnt and will move the balance to tbills where it will be difficult to access

NL1960:


Once Nigerians hear say one person don dey make money from one business, everybody go begin jump enter without studying the business or studying the environment and location. The next thing, the business go fail and the person go then dey point at one old woman for village as the cause. Some start very high in an area that cannot afford such charges and complain of lack of customers. How will you get customers when for instance you open a posh tailoring sewing shop with A/C and all the effizy and charge three times what others in the vicinity are charging and expect to get customers?. You dey sew your own cloth with robots?.