zamirikpo:
Just got a debit alert from stanbic 8% for 364days.

Full value, no prorating.....

Poor rate but at least we have some money to spend now. I'll just have to cut my budget.

Sleemzy3:
Hi guys. I bought treasury bills from zenith's secondary market and was told the interest is about 7-8% as of last week. They deducted my money now and I got a ridiculously low interest of 44k on 5,500,000. The duration I filled was 90 days. Even the last one I did in May, I got 251k on 4.2m at 12% interest. Can I cancel it?

ahiboilandgas:
sharp guy.....you don show is the way....

richforever123:


It's an uphill task bro, you have to get a resident permit, to get a residence permit you have to have a job offer in Ghana, anyone that has an easier method should please speak up

Akin3891:
I'm Presently at fbnquest in ikoyi, i think the eurobond thing is not bad, 9.7 dividends bi annual, with a minimum investment of $2,500,though rate fluctuates. Fbn mutual funds still pay 11.5 as at yesterday , so seems we are still on point . Meanwhile ,my matured stanbic Tbs for today hasn't drop ( 2.30pm),anybody in my shoe?

zamirikpo:


my boss...small thing Don enter for Xmas ooh. AM done for the year.

Hopefully rates would climb back up before 2nd quarter 2020.

A friend was telling me that the border closure is helping the govt save A lot of money in subsidy payment cos the amount of petroleum pdts bunkered into Benin, Ghana,etc was becomiing alarming.

Nigeria was subsidizing fuel for Benin Ghana Niger but all that money will be saved now and redirected.

This he said has empowered the CBN to cut rates. So by the time they open the border things may begin to worsen for the govt , thereby increasing rates to attract fdi.

What's ur thought on this

zamirikpo:


my boss...small thing Don enter for Xmas ooh. AM done for the year.

Hopefully rates would climb back up before 2nd quarter 2020.

A friend was telling me that the border closure is helping the govt save A lot of money in subsidy payment cos the amount of petroleum pdts bunkered into Benin, Ghana,etc was becomiing alarming.

Nigeria was subsidizing fuel for Benin Ghana Niger but all that money will be saved now and redirected.

This he said has empowered the CBN to cut rates. So by the time they open the border things may begin to worsen for the govt , thereby increasing rates to attract fdi.

What's ur thought on this

SimpleLuxuries:


Can you share the link of the thread? I can't find it.

ahiboilandgas:
Rate will surely go up they can't generate enough cash to fix the deficit (no nation state can do it )they money from vat ,stamp duty , subsidy saving etc can generate 500 bn annually to the three teir of govt ....

damilola1978:
a.k.a more money more problems...let them enjoy the ovation of low rates while it lasts cuz market forces will drive up Tbills next year

kunleweb:




Prove it

" Market forces driving up rates higher next yr "

ahiboilandgas:
true oil marketer smuggle fuel to chad ,niger and Benin and the closure had reduce it ..only small quantity is slipling out...this is reducing subsides payments but there are new cost (the recently approved minimum wage ) ,the cbn govenor is using unconventional tactics to stimulate the economy and save the naira (via fdi )so he directed foriegn inflow to omo markets (they still have good rate here ) while we the local investor are suffering bad rate to force money out to the real economy ...but the paradox is that they havent created the enabling enviroment

ahiboilandgas:
Rate will surely go up they can't generate enough cash to fix the deficit (no nation state can do it )they money from vat ,stamp duty , subsidy saving etc can generate 500 bn annually to the three teir of govt ....

damilola1978:
next year's budget and recurrent expenditures...just watchout for them...simple question, what happens when you feel you have started making more money than you used to...your expenditure will increase right�

Nigsrdumb:


Don't waste your time, fbn eurobond is stressful.

They don't have internet access where you can monitor your funds, everything is via email and their customer service is rubbish.

Stanbic has a lower entry fee of 1000 dollars , internet access, better customer service


Sorry folks for derailing, learnt a lot from everyone here, so must give back

Eghuan01:


Please what is the current interest rate for this Stanbic Eurobond?

richforever123:


Please create a seperate thread

Sleemzy3:
Hi guys. I bought treasury bills from zenith's secondary market and was told the interest is about 7-8% as of last week. They deducted my money now and I got a ridiculously low interest of 44k on 5,500,000. The duration I filled was 90 days. Even the last one I did in May, I got 251k on 4.2m at 12% interest. Can I cancel it?

cybertek:

"Privacy sake" for a bank investment?
If it cant be posted here, I feel like it's not legit enough.

kryptem:

More money made can be saved rather than unnecessarily increasing expenditures. External reserve can be boosted on a second thought.

AngelicBeing:
Gbam, like seriously, what is the secrecy for him to mention the name of the bank, anything that has a clause of secrecy, run for your life abi Na BUHARI CHOP I CHOP BANK led by Abba Kyari and the 40 thieves in the Presidential villa, make people shine their eyes wella oo, plenty wonder bank and Oluwole investment plenty for Nigeria, hunger dey Nigeria and guymen are looking for Avenue to eat amala, bokoto shaki, fried chicken and turkey plus Hennessey and after that, they will vammoose with your investment, wetin person no go read for Nairaland.com

RealityShot:
What if dollar falls next year?