PETERiCHY:


SCAM ALERT

False. Owned by Sterling Bank. Have visible housing estates in Lekki.

Inappropriate for the the thread? yes. Scam? No.

amjustme2:
In this Nigeria?

Please tell me the bank that pays this.

Possibly a link to the source of this info.

Else you should delete this post. You could be deceiving a lot of people.

Renmoney MFB

OgogoroFreak:
Okay, how does this "one company like that" make such high interest to be paying upto 19%? Plus the money they would make for themselves from your capital o.

Do they make this money from another economy that is not Buhari's dying economy?

Retail credits. They probably lend at 3-6% monthly. In a year that's at least 36%. Retail lending is a fast growing sector that the commercial banks don't really play in but MFBs and Finance Houses do.

Why have they not join FMAN?

olujaidi:


Renmoney MFB

amjustme2:
Why have they not join FMAN?

It's an MFB not a fund manager

ahiboilandgas:
yes oh I suspect this cbn governor trying to please buhari with poor rates ,upward review ....

I've been waiting for 2months now.....funds just lying fallow.

They should upgrade to Fund Managers,

Join FMAN

And I will start taking them serious.

olujaidi:


It's an MFB not a fund manager

I saw one advert about Ren Money where they have Fixed deposit rate of btw 12 to 21%

Any body used them before

madprophet:
I saw one advert about Ren Money where they have Fixed deposit rate of btw 12 to 21%

Any body used them before

21%?? Are they printing the money?

alezzy13:


21%?? Are they printing the money?

Lool I saw the flier oo.

I was wondering too.

CBN to Sell N110bn Treasury-Bills at PMA Today
https://businesspost.ng/2019/05/02/cbn-to-sell-n110bn-treasury-bills-at-pma-today/

Hello, So I called FBN and they told me they have 182 days TBs at 12.5%.

So my question is, is it possible that the rates will increase after today given the auction coming up?

Because I called a few weeks back and they told me the rate is 11.7% for the same tenor.




Kind regards.

PETERiCHY:


SCAM ALERT

Octopus, you dey waka come this side?.

obiZEAL:


Try fixed deposits, you get between 12.5% to 19%. Depending on amount and tenure.

amjustme2:
In this Nigeria?

Please tell me the bank that pays this.

Possibly a link to the source of this info.

Else you should delete this post. You could be deceiving a lot of people.

olujaidi:


Renmoney MFB

No wonder their interest rate on consumer loan is so high.

olujaidi:


Retail credits. They probably lend at 3-6% monthly. In a year that's at least 36%. Retail lending is a fast growing sector that the commercial banks don't really play in but MFBs and Finance Houses do.

The commercial banks have just seen the light that there is so much money to be made in retail lending and are now coming in. GTB has just set the pace and they are already making a kill.

You are right about the lending rate of Renmoney. It is in that 3-6% range per month. It leans more towards the 6%.

amjustme2:
They should upgrade to Fund Managers,

Join FMAN

And I will start taking them serious.

They do not need to join FMAN. They have their target market and they are making a kill.

alezzy13:


21%?? Are they printing the money?

They are not. The give you at 21% per annum and lend at 5% per month which is 60% per annum. 60%-21% = 39%.

If you worked hard for your money, stick to tbills o.

Interesting.

NL1960:


They do not need to join FMAN. They have their target market and they are making a kill.

OgogoroFreak:
If you worked hard for your money, stick to tbills o.

The riskiest thing in life is to take no risk. Everything in moderation

Pls House is there any Auction /Pry Tbills rates today ..sent the filled form since Monday

davit:
I have not invested for about a month now. You can into any of these banks to get the rates.

Aright! Thanks!

Hello everyone, thanks for all your contributions in this thread, especially to the OP. I have a spare 500k that I wish to invest, and my question is this; rather than investing for say 14% for a year, will it be better for me to invest for say 12% for three months and do it like three times in a year. Which of them will pay more?

ikechukz:
Hello everyone, thanks for all your contributions in this thread, especially to the OP. I have a spare 500k that I wish to invest, and my question is this; rather than investing for say 14% for a year, will it be better for me to invest for say 12% for three months and do it like three times in a year. Which of them will pay more?

On this thread, there will always be that one person that thinks they just discovered the secret to wealth creation. Lol

Grupo:


On this thread, there will always be that one person that thinks they just discovered the secret to wealth creation. Lol

I don’t see how your answer relates to my question, if you have nothing reasonable to contribute to my question why not just look past it.

ikechukz:
Hello everyone, thanks for all your contributions in this thread, especially to the OP. I have a spare 500k that I wish to invest, and my question is this; rather than investing for say 14% for a year, will it be better for me to invest for say 12% for three months and do it like three times in a year. Which of them will pay more?

Grupo:


On this thread, there will always be that one person that thinks they just discovered the secret to wealth creation. Lol

That is why MMM succeeded and made a kill.

ikechukz:
I don’t see how your answer relates to my question, if you have nothing reasonable to contribute to my question why not just look past it.

Why not practically compute it yourself by doing it and showing all workings in an exercise book. Iam sure Simple Interest (PTR) is still being taught in schools.

NL1960:


Why not practically compute it yourself by doing it and showing all workings in an exercise book. Iam sure Simple Interest (PTR) is still being taught in schools.

I wanted to ignore this but I just can’t. The beginning of thread was filled with mature responses but it looks like kids have taken over. If you go back and read my question, you’ll find out that I never asked for any mathematical results.

The people that replied are not kids.

The question you asked has been answered over 10 times this year alone, go and read previous threads and your answer is righg there.

It is a funny question because every month a new person that just discovered Tbills will come and ask the same question.

ikechukz:
I wanted to ignore this but I just can’t. The beginning of thread was filled with mature responses but it looks like kids have taken over. If you go back and read my question, you’ll find out that I never asked for any mathematical results.

Hello house,

Hope there’s auction today o.

ikechukz:
I wanted to ignore this but I just can’t. The beginning of thread was filled with mature responses but it looks like kids have taken over. If you go back and read my question, you’ll find out that I never asked for any mathematical results.

This thread has been filled with matured questions. It is of recent we started seeing questions like yours from kids who are looking for quick and fast money without hard work.

If you had gone back to read or do a search, you would have seen that this same question has been asked by kids like you over and over and answers have been given to such kids over and over. If my kids who have left primary school should ask me such a question, i will go and ask for a refund from the school.

Do some work yourself by applying Simple Interest on your theory and tell us your result.

TotoNaRubber:
The people that replied are not kids.

The question you asked has been answered over 10 times this year alone, go and read previous threads and your answer is righg there.

It is a funny question because every month a new person that just discovered Tbills will come and ask the same question.

Do not mind the guy. All it takes is a few days to read about TBs instead of just jumping in to ask immature questions.