₦airaland Forum

dipoolowoo:
Traders Lose Appetite for CBN's 89-day, 180-Day OMO Bills
https://businesspost.ng/economy/traders-lose-appetite-for-cbns-89-day-180-day-omo-bills/

YourNextLevel:
Experts please i need to understand something here

If i have N1m and i wish to do a fixed deposit with a bank and their rate is 4.5% for 90day

Would the calculation be

1,000,000 X 4.5 /100 = N45,000 Profit in 90days

So i take home N1,045,000

OR some other multipled by 12 etc

YourNextLevel:
Experts please i need to understand something here

If i have N1m and i wish to do a fixed deposit with a bank and their rate is 4.5% for 90day

Would the calculation be

1,000,000 X 4.5 /100 = N45,000 Profit in 90days

So i take home N1,045,000

OR some other multipled by 12 etc

ozymes:
What are your FD rates like?

ozymes:
further, divide 45,000/365days and multiply your answer by 90days

YourNextLevel:
Thanks @Ozymes & @Unite4real

So why are people saying that there is money in fixed deposit?

Nothing is working shaa

YourNextLevel:
Thanks @Ozymes & @Unite4real

So why are people saying that there is money in fixed deposit?

Nothing is working shaa

YourNextLevel:
Experts please i need to understand something here

If i have N1m and i wish to do a fixed deposit with a bank and their rate is 4.5% for 90day

Would the calculation be

1,000,000 X 4.5 /100 = N45,000 Profit in 90days

So i take home N1,045,000

OR some other multipled by 12 etc

ahiboilandgas:
cause they dont have any enterprise to invest the capital or too busy with work or problematic Nigeria employees have taight them a lesson

walexy14:
For those that wants alternative to TB or Fixed deposit with good interest rate .

I work with a Non- banking financial institution called Rosabon Financial Services ( The Concept Group ) 32 Montgomery Road Sabo Yaba with a branch in Abuja & PH licensed and regulated by CBN and also been in existence for over 25 yrs now. our interest rate still remain unbeatable, fantastic and far better than TB and what all the commercial banks are giving out presently. still offer interest rate of 9% to 15.50% depending on the tenor and amount of investment. You can get your interest Upfront , Monthly or @ Maturity. The longer the Tenor , the higher the interest rate. You may contact me if you are interested. 08036450638 or wale.abatan@rosabon-finance.com or www.rosabon-finance.com

Pharmtj:
where u da since, when rates was good? now u are here looking for who to prey like a roaring lion. well done Sir

Emmaesty:
Rosabon is a legit financial institution. Just because you have never heard of them doesnt mean its a scam

Emmaesty:
Rosabon is a legit financial institution. Just because you have never heard of them doesnt mean its a scam

pesty100:
and people here are supposed to take your word for it?

Akin3891:
Mr ahib, how it be for your side. Shey this dry season no dey hammer you, investments wise? I want to know if there is any investment I'm yet to exploit. For now, I'm only into mutual funds, also looking at making some interest keeping my funds in saving acc, all together gives about 270k per month, to me this is meagre compare to my needs. I set up a dollar funds with fbn quest, but the guy told me my funds is not 100% save so i opted out. Which investments game are u in for now, kindly educate, abi shey na like this we go dey.

Emmaesty:
Why not try to google them? You will find out a lot about them.

ahiboilandgas:
it a normal cycle in 2015 rate where 7 ,2010 rate where 9 ,2018 rate where 18.5 ....so take the weighted average at a long term investor but poor rate dont last for ever...crude is already 47 ,several omo bills are snubed ,tb is not only to attract fdi but to manage liquidity,fund budget deficit.....i have readjusted income from fixed income space and increase income from real economy (i got a sub franchise) for coding and batching machine

delawal:
i thought u were among those,discouraging people from engaging in the real,economy, dt it is full of uncontrolled risks

delawal:
i thought u were among those,discouraging people from engaging in the real,economy, dt it is full of uncontrolled risks

Pharmtj:
where u da since, when rates was good? now u are here looking for who to prey like a roaring lion. well done Sir

richforever123:
Bro Rosabon is a Legit Financial Institution, kindly do your Due Diligence

Wanity:
Good day Mr. emmanuelewumi and everybody here.

Please need an advise. I have a saving of less than a million naira or let's say half a million naira my current job is not paying well but I managed to saving for the whole year am not a certificate holder and I'm not business oriented.

My plan
My plan is to take some little part of money and learn some skill and and increase my saving to 1m then I will invest it FGN saving bond for at least three years till I come with a business plan or buy a plot of land in the North East part of the country.

My problem
Bond is going down daily and the North East at this moment is not really looking good to invest in properties for now.

What is the best decision now I'm getting confused every day the money is laying in my account without any tangible interest

Wanity:
Good day Mr. emmanuelewumi and everybody here.

Please need an advise. I have a saving of less than a million naira or let's say half a million naira my current job is not paying well but I managed to saving for the whole year am not a certificate holder and I'm not business oriented.

My plan
My plan is to take some little part of money and learn some skill and and increase my saving to 1m then I will invest it FGN saving bond for at least three years till I come with a business plan or buy a plot of land in the North East part of the country.

My problem
Bond is going down daily and the North East at this moment is not really looking good to invest in properties for now.

What is the best decision now I'm getting confused every day the money is laying in my account without any tangible interest

emmanuelewumi:
What part of the country are you based. Buying a plot of land in a very good location won't be a bad idea

ahiboilandgas:
learn barbing a open a standard hair salon

Wanity:
North East sir.

emmanuelewumi:
Are you one the soldiers fighting Boko Haram?