₦airaland Forum

glimpse33:
I used over 12million naira to purchase Dollar at 770naira 24hours ago.

Now Dollar is 785 naira, and it will be 800naira in few days .

Tbills, MMF are Useless...

IYGEAL:
If they do, our own dollar would still reflect our economy and not that of the US in terms of value.

Leadership failure and greed of the ruling class are the bane of the Nigerian economy.

Gavrelino123:
The non investor has the flexibility to mutate to a favorable investment of better value while the investor in TB is trapped until the tenor matures..

Olaide1295:
The basis of the argument is that we all have expenses in dollars. Your phone, clothes, Tv, laptop are not made in Nigeria. I could have bought a phone last year but I invested the money in Naira to grow it.
Now, the capital + returns are not enough to purchase the same phone even though my money has increased in Naira terms.
The aim of saving is to preserve wealth for future needs/wants. Naira has failed to retain value and most people now are skeptical of holding it as a store their wealth.
The wealth of the world is calculated in USD not Naira. As currency for world trade, wealth is calculated and expressed in USD. If you only held Naira, then your money is has lost value commensurate with the fall in Naira value.

glimpse33:
Dollar is currently 775

Tbills, mmf, and naira Savings are Useless.

sammily:
Please when is the next bid date?

sammily:
Please when is the next bid date?

emmasoft:
For those who wish to participate in tomorrow's primary auction of Tbills, you have to be at your bank latest by 10am this morning to apply otherwise you wait for another two weeks.

Alternatively you can register for Coral money market fund managed by FSDH anytime.
Click the link on my signature to start with as little as 5,000.

Wapgod:
Is there a nairaland thread for commerpcial papers?

comatekeke:
Where can i subscribe to this?

comatekeke:
Risk of default.
The company goes out of business
Both are unlikely but still possible.

comatekeke:
You forgot to add Commercial paper are far riskier than TB.

NL1960:
Which bond is 19%?.

SKIBiNSKI:
whatever man! You clearly cannot handle other people's opinions without feeling offended, you look for offence where there are none.. again i don't care! how was i supposed to know what your entire salaries are and if you earned other than your so called salaries? I understood based on your assertions. Most people would class their whole earnings as their salaries, income but apparently that isn't the case with you.

RayRay06677:
Question is how much you save in a month? I save my entire salary, doing same since 2018. Result is awesome.

SKIBiNSKI:
Look! You didn't have to elaborate, i don't care! The dispute was you claimed to save your entire earnings, perharps you didn't understand what that sentence means, now you hava admitted to having "spendables" so you did buy new shoes, cloths amd food.

I don't want to learn how to make money, i am quite happy and contented with what i do for my earnings. It isn't about how much money one makes, it is how useful the money you made are to you.

SKIBiNSKI:
total rubbish!

How can one save their entire earnings NO expensis? You must be living in cuckoo land. And you want to teach me how to make money.

SKIBiNSKI:
I am guessing you must be wearing the same shoes and cloths since 2018 and according to you, you have not even bought food since 2018.

emmasoft:
You just have to help me o anyway you can.
I'm in a fast-moving boat now but it's safe and the destination is sure.

ojesymsym:
That 2 kobo is often not something to concern you either when buying for investment or determining the value of your share. What you really have to keep an eye is the price it is sod on the stock market, the price you bought and perhaps dividends.
But, if you are asking just for the knowledge then I will throw in my few cent.
Each company traded on the stock market is broken into bits called shares and each of those bits is assigned a value which corresponds with that 2 kobo you just referenced.
However the price on the stock market is a reflection of what the market think the price should be. So when that price was 169 naira, that was what buyers and sellers were willing to offer for it. Ditto for now that it is 200 naira

Wapgod:
google it "investopedia nominal value shares"

Wapgod:
That's the nominal value.

benedictuyi:
This your question nr clear.

Do you mean ₦5.60 per share OR ₦5.60 per 2 shares?

igbizen:
N560

10% WHT (tax) = N56
Net inflow to ur acc = N560 - N56 = N 504