abraolas1:


Dear All, which of the banks offered a better rate in terms of fixed deposit... any help with this will be appreciated

thanks

Try fixing with Nigeria's largest mfb(LAPO).

Biko all this abuse on the platform should stop.
Thanks

richforever123:


This VGIF is not 8.5%, I subscribed on the 4th and what I have been getting is 4%, I regret putting my money there, I subscribed because another marketer of yours claimed this same 8.5%

I am so annoyed, you guys should stop spreading false information, it's not good for your brand. How do I terminate?

@Richforever123, Kindly note that the guaranteed rate for VGIF is 8.5%. VGIF is bench marked with SDF and currently SDF is 8.5% which is the lower limit of the asymmetric corridor around MPR. MPR is currently 13.5% and the lower limit is -500 basic points these information is in the public domain and are verifiable. You can do well to confirm from your account officer or chat with the customer care on Investment one website to clear your concerns. I am sure you will not have any reason to be annoyed. VGIF still remain one of the best mutual funds to invest in at this current period of low rate regime. Thank you for choosing Investment One.

igbizen:

I have opened VDF with investment one. I refuse to fund it becos my account officer has not replied just one message I sent him on WhatsApp.

. Good morning to you, apologies I'm finding it hard to retrieve your messages on whatsapp. Please send me an sms 08129921065

CaptainKool15:


Can I dm you?

Yes..

fineguy11:
Try fixing with Nigeria's largest mfb(LAPO).

what's their rate?

lastmessenger:
what's their rate?

I wish people will exercise patience in carrying due deligence about the bank. I.e financial statements, credit ratings etc..

fineguy11:
I wish people will exercise patience in carrying due deligence about the bank. I.e financial statements, credit ratings etc..

looks attractive.

If I put 20million into treasury bills, how much percentage would get it a year?

Pls lets stop speculating fake news, analysts or experts are not in charge of our economy, Emefiele and his CBN teams are in charge, and they have stated it severally that there won't be any need for naira devaluation if our reserve is not below $30b. Lets stop helping those elements who doesn't wish Nigeria well to achieve their greedy aims.

aremso:
https://dailytimes.ng/2020/02/14/cbn-may-devalue-the-naira-in-2020-analysts/?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR1YcLlA9apodkzl7cmQMS2f0XrKmXPpaaDMt4kApFTDOfdH_VTZDfh3jtM#Echobox=1581912418

aremso:
https://dailytimes.ng/2020/02/14/cbn-may-devalue-the-naira-in-2020-analysts/?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR1YcLlA9apodkzl7cmQMS2f0XrKmXPpaaDMt4kApFTDOfdH_VTZDfh3jtM#Echobox=1581912418

So just last week CBN introduced longer-term naira/USD contracts for up to 5 year settlement. Based on the contract prices published by the FMDQ, the longest dated contract maturing in January 2025 is priced at 379.81, implying a minimal discount of 4.0% to spot rate of 364.85 in the I&E Window. This makes me believe that CBN will continue to defend the naira as they will have to take large losses on currency devaluation. But then again, CBN can sometimes be irrational!

RealityShot:
then why have my bids failed 6 weeks now?

No secondary offers since then.
All at first bank

Why??

President and emefiele and dmo have done well.

Let's continue to flex the capital..
I have lost 100k in just 6 weeks!!

You are a good spender, xxxk gone from my capitals withing 47 days space. So annoying.

Donbrig:
Pls lets stop speculating fake news, analysts or experts are not in charge of our economy, Emefiele and his CBN teams are in charge, and they have stated it severally that there won't be any need for naira devaluation if our reserve is not below $30b. Lets stop helping those elements who doesn't wish Nigeria well to achieve their greedy aims.

oga am not spreading fake news, this is public forum where info are shared. You either pick or leave the info shared govt that is ready to improve the lots of FPIs at the expense of her citizen, any how it is all i know if they want to devalue there is nothing anyone can do about it. I dont support devaluation as it will make life tough for an ordinary citizen but as much as we rely on crude alone and our fx reserve keeps going down, we can only postpone the evi day. Dangote is relocating his office to US basis currency devaluation and me wt my tashere money should be sleeping？Even with devaluation people will still make more monies so how do i benefit is my own headache now

@aremso, I hail you sir, I have learnt a lot from you posts in this forum. I was not directly referring to you but some foreign elements who wants naira to be devalued for their selfish interest. Nigerians are still counting their losses from the last devaluation. Well, lets wait and see what happens, but I am certain Emefiele and his team definitely knows how to get over this issue of devaluation in due time.

aremso:


oga am not spreading fake news, this is public forum where info are shared. You either pick or leave the info shared govt that is ready to improve the lots of FPIs at the expense of her citizen, any how it is all i know if they want to devalue there is nothing anyone can do about it. I dont support devaluation as it will make life tough for an ordinary citizen but as much as we rely on crude alone and our fx reserve keeps going down, we can only postpone the evi day. Dangote is relocating his office to US basis currency devaluation and me wt my tashere money should be sleeping？Even with devaluation people will still make more monies so how do i benefit is my own headache now

Donbrig:

@aremso, I hail you sir, I have learnt a lot from you posts in this forum. I was not directly referring to you but some foreign elements who wants naira to be devalued for their selfish interest. Nigerians are still counting their losses from the last devaluation. Well, lets wait and see what happens, but I am certain Emefiele and his team definitely knows how to get over this issue of devaluation in due time.

Left for Emefiele the naira would have been devalued since. But Buhari is strongly against devaluing that’s why Emefiele is doing everything possible to save his job. I guess that’s one of the major reasons he was retained. The defending of naira is not sustainable, even if they manage to defend it for the next 4 years, the next govt will be in a huge mess!

https://www.nairaland.com/5691035/external-reserves-slides-27-months

fineguy11:
I wish people will exercise patience in carrying due deligence about the bank. I.e financial statements, credit ratings etc..

Do you work with lapo? If yes, what state?

2sexycom:
If I put 20million into treasury bills, how much percentage would get it a year?

baba' at current rate of 4.6% for some banks, you get 920,000

kristien4:
Do you work with lapo? If yes, what state?

Lagos

fineguy11:
Lagoos

Alright. Those rates are juicy. I think I will visit their Benin office. But it seems lapo does not have an app... do they?

Akin3891:



You are a good spender, 530k gone from my capitals withing 47 days space. So annoying.

lol... I saw 4.6% at the secondary market today... FBNH

I just walked away

I will spend the 10% from my capital than to give it to CBN/DMO.. and I will still be fine by next year...
CBN go figure.

aremso:


buy Jim and Tony that will soon cast immideately after marking down with corona virus issues going on in the world？ Just my thought though you own your money but as for me, i will buy after marking down. Its just finacial result that is holding NSE if not Jim should be selling for N16 by now and Tony N6

will you get dividends if you buy after mark down?

How do I know when Mark down will happen?

Please is it normal for a TB maturity of Friday, 14th February not to be paid till now . @firstbank

decimator:
Please is it normal for a TB maturity of Friday, 14th February not to be paid till now . @firstbank

not possible except it was a primary auction and you chose principal rollover

kristien4:
Alright. Those rates are juicy. I think I will visit their Benin office. But it seems lapo does not have an app... do they?

no app yet, currently working on it..If u need either clarification when u get to bank,contact me via my sig

fineguy11:
I wish people will exercise patience in carrying due deligence about the bank. I.e financial statements, credit ratings etc..

Those amount must it be daily or monthly, because I saw Amount/day. Pls clarify me. Thanks

.

katamo:


So just last week CBN introduced longer-term naira/USD contracts for up to 5 year settlement. Based on the contract prices published by the FMDQ, the longest dated contract maturing in January 2025 is priced at 379.81, implying a minimal discount of 4.0% to spot rate of 364.85 in the I&E Window. This makes me believe that CBN will continue to defend the naira as they will have to take large losses on currency devaluation. But then again, CBN can sometimes be irrational!

The decision to devalue the naira has little to do with rationality....
The major determinant is oil price....if oil price is low CBN will have no option than to devalue the naira

pluto09:





The decision to devalue the naira has little to do with rationality....
The major determinant is oil price....if oil price is low CBN will have no option than to devalue the naira

if the cbn can hold on till 2021 when the refinary will start working 30 percent current demand is off ,then another 1.2bn from dairies...the rates can be maintained

naijaoyibo:
Good day house.


I am a keen follower of this thread but I had to create a new moniker to make this post for security reasons.

I have saved about $1 million. Most of these funds are held in Crypto assets, cash (Naira), very liquid investments (Agro-Tech and treasury bills), and 15% real estate which I want to offload as soon as possible

I made most of these money during the last crypto bull market in 2017. And if my predictions are correct, the next crypto bull market should start end of 2020/2021, after the 2020 Bitcoin halving in May. This might increase the value of my assets to $1.5 - 2 Million.
I am a very practical investor. I know bull markets do not last and crypto is very volatile. Just as I have a made of lot from it, so have I lost a lot.

I want to diversify to more traditional investments and keep my gains. I used to invest treasury bills, but the rates are not favourable currently, Also, I fear a pending currency devaluation. I witnessed how the currency devaluation of 2015 decreased Dangote's wealth from a peak of $25 billion in 2014 to about $10 billion today.

In as much as I would like to preserve my capital in USD, I would also like to take advantage of investments with better returns in Naira.

My goal is to get ROI that can take care of my everyday needs and still grow my capital at least above the US inflation of about 2%.
I have studied the Naira vs dollar chart and notice a tendency. Once in every few years, the Naira gets devalued, after which it remains very stable for a few years. Also, just near the period after the devaluation, there is ample investment opportunities with great ROI to prevent flight capital. (e.g rate for T-bills were 17-20% immediately after the devaluation in 2014/2015).

I am still very young (middle 20s) and not married, so i can take some moderate risks.


Dear house, please advice on how to preserve and grow this capital. Also, are there Asset management companies that could help me out too?

Boss Ahiboil. Boss Emmanuel. Boss Totonarubber and all.

I have studied the Naira vs dollar chart and notice a tendency. Once in every few years, the Naira gets devalued, after which it remains very stable for a few years. Also, just near the period after the devaluation, there is ample investment opportunities with great ROI to prevent flight capital. (e.g rate for T-bills were 17-20% immediately after the devaluation in 2014/2015).

Food for thought

tunene66:


I have studied the Naira vs dollar chart and notice a tendency. Once in every few years, the Naira gets devalued, after which it remains very stable for a few years. Also, just near the period after the devaluation, there is ample investment opportunities with great ROI to prevent flight capital. (e.g rate for T-bills were 17-20% immediately after the devaluation in 2014/2015).

Food for thought

300 percent devalution 2008 to 2020