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Nairaland Forum / Nairaland / General / Investment / Designing An Effective Monetary Policy For Nigerians @rosabon Financial Services (509 Views)
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Designing An Effective Monetary Policy For Nigerians @rosabon Financial Services by Oluwaiye2016: 10:50am On Sep 22, 2016 |
The rise in exchange rate was translated into trade as the current account receded and recorded a decline of 39.6 percent in 2009. Although the account is still in surplus,it’s yet to attain the growth rate of over 147 percent recorded at the peak of the mortgage boom in 2005. The balance of trade although favourable, declined by 34.1 percent in 2009 from a growth of 12.1 percent recorded in 2008. Export recorded the worst fall in 2009 as it contracted by 17.7 percent from a growth of 22.3 percent in 2008, while import declined from 33.9 percent in 2008 to -2.32 percent in 2009. Being the main source of revenue, the fall in oil price prompted the government to seek other sources of financing expenditure, as it could not rely on earnings from crude oil exports. Governments at all levels cut down on budget and social spending. Faced with revenue constraints and shortfall in foreign exchange earnings, debt at all tiers of government increased significantly The rise in exchange rate was translated into trade as the current account receded and recorded a decline of 39.6 percent in 2009. Although the account is still in surplus,it’s yet to attain the growth rate of over 147 percent recorded at the peak of the mortgage boom in 2005. The balance of trade although favourable, declined by 34.1 percent in 2009 from a growth of 12.1 percent recorded in 2008. Export recorded the worst fall in 2009 as it contracted by 17.7 percent from a growth of 22.3 percent in 2008, while import declined from 33.9 percent in 2008 to -2.32 percent in 2009. Being the main source of revenue, the fall in oil price prompted the government to seek other sources of financing expenditure, as it could not rely on earnings from crude oil exports. Governments at all levels cut down on budget and social spending. Faced with revenue constraints and shortfall in foreign exchange earnings, debt at all tiers of government increased significantly The prime lending rate grew by 14.9 percent, rising from 15.9 percent in 2008 to 18.4 percent in 2009, although it declined by the following year to 17.6 percent. The gross fixed capital formation, although declined marginally by 0.73 percent in 2008, thereafter grew by 34.7 percent and 18.3 percent in 2009 and 2010 respectively. In 2011, capital stock was halted severely and declinedby 10.8 percent. The Non-Performing Loan (NPL) ratio of banks rose to 20.7 percent in 2009. Some distressed banks downsized and tightened expenditure. This did not prevent a number of the banks from being partially nationalized. This has lead to unending expenses incurred on a daily basis from house rents, groceries, phone bills even to household maintenance, investing some money for future use may seem a little difficult. Worried about how you are going to pay for the wedding you have always dreamt of, that overseas trip or family holiday, the education you want to be able to give your children and your retirement? Preparing towards that future just got easier with our various investment options. Our solid investment plans keep you on track ensuring that you achieve your long and short term goals even in the face of recession.. This business opportunity is for all fund manager and portfolio's investors, due to the present economy recession i advise you all to place your funds by transferring your investment risks to Rosabon financial services and be very sure of your returns on investments at maturity. Rosabon is a financial company licensed by the central bank of Nigeria to carry out financial services. We have been operating in the past 23years and still waxing strong. This gives you an opportunity of investing your fund in an interest yielding account in Rosabon financial services called (RTN) pending when the economy will stabilize, as you know fix market and capital market keep going down interns of your returns on investments due to this uncertainties in those markets presently and as a fund manager you need to protect your fund in an investment that guaranty you good returns on your investment and security of your funds. The tenor for (RTN) investment is within 90 days, 120 days, 180 days and 365 days. Our interest rate ranges from 12---- 30%. The rate depends on the tenor. At the maturity periods you can decide to roll-over your principal placement and be paid your interest, it actually depend on your request at Maturity. Rosabon Treasury Note Are you looking for the best investment plan that would yield great returns? Rosabon Treasury Note - RTN is just for you! With this plan, not only are you availed with highly competitive rates, you also get the opportunity to negotiate your interest rate on all deposits above N1,000,000. The RTN is a fixed deposit account that guarantees higher interest rate and a flexible investment plan. Benefits *Attractive interest rates. * Interest rates on deposit over N1,000, 000 can be negotiated. *Flexible investment opportunities Steps to open account. To open a RTN account, simply Determine how much you want to deposit (Minimum of N250,000) Choose the Tenor of Your investment plan (90 days, 180 days or 365 days) Send an email to o.isaac@rosabon- finance.net. Call us on these numbers; 0-8-1-0-8-3-5-4-5-03, 070--544--95--718 Website www.rosabon-finance.com. |
Re: Designing An Effective Monetary Policy For Nigerians @rosabon Financial Services by adebisi2017: 12:57pm On Sep 22, 2016 |
Oluwaiye2016: I really want to thank Rosabon Financial services yaba for their good work.Indeed you have been able to build a first class,market oriented organization that creates wealth and facilitates growth. Your 23 years of experience in the field of finance management, tailoring lease, loans and investment offerings to meet the needs of your customers by tailoring your various financial packages to solve an immediate need or a long term goal is now appreciated by Nigerians. Am professor Adebisi by name, i started investing in Rosabon financial service 3 years ago. Can you imagine that the 5million i invested 3 years ago on your fixed deposit account, i now use the accrued interest to pay my daughter's fee at covenant university ota. I am indebted to rosabon management for this platform to invest. Pls Nigerians, do make wise financial investment at Rosabon so your life time can be recession free. Do reach a Treasury officer on 0-8-1-0-8-3-5-4-5-0-3 thanks. |
Re: Designing An Effective Monetary Policy For Nigerians @rosabon Financial Services by Oluwaiye2016: 1:22pm On Sep 24, 2016 |
adebisi2017: |
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