If you invested N 1,000,000.00 in Dangote Cement at the beginning of 2019, you now have N 874,316.00

September 11, 2019 by  
Filed under Nigeria Stock Exchange

Our goal Expresspostings.com is to point Nigerians to the direction of making money. We sometimes use case studies and today case study is Dangote Cement.

If we invested N 1,000,000.00 in Dangote Cement at the beginning of the year 2019 when Dangote Cement was at N 185 Naira per share. The money will be down to N 874,316.00 right now because the stock is at N 160.00 per share as of today September 11, 2019.

Therefore, Dangote Cement may not be a good investment for now or the next year because it has a downtrend and the company is not doing anything to change direction to profitability.

Nigeria bank fixed deposit rate

September 10, 2019 by  
Filed under Nigeria Stock Exchange

The economy in Nigerian is unfavourable to many Nigerias but there are many investments that a common man in Nigeria can take advantage of.

Fixed deposit can be a robust investment for long term or short term profit. See the list below for the fixed deposit interest rates among Nigeria banks.

Fixed Deposits Interest Rates of Nigerian Banks
April 05, 2019

S/NNAME OF BANKDemand DepositSavings DepositTime Deposit
Ave. Int RateAve. Int RateAve. Int Rate
1Access Bank0.904.0511.61
2Citi Bank Nigeria1.504.106.60
3Coronation Merchant Bank13.67
4Diamond Bank0.364.206.80
5Ecobank Nigeria0.014.058.86
7Fidelity Bank3.004.0512.00
8First Bank of Nigeria0.004.057.50
9FBN Merchant Bank9.20
10FSDH Merchant Bank9.55
11Guaranty Trust Bank0.474.208.18
12Heritage Bank0.004.2013.88
13Keystone Bank Ltd0.414.2014.04
14Nova Merchant Bank13.18
15Providus Bank0.004.209.05
16Rand Merchant Bank Nig. Ltd0.000.0015.08
17Polaris Bank4.208.48
18Stanbic IBTC Bank0.634.207.68
19Standard Chartered Bank0.004.227.24
20Sterling Bank0.004.0510.17
21SunTrust Bank0.002.009.94
22Union Bank0.504.2010.06
23United Bank for Africa0.024.208.15
24Unity Bank0.504.2016.00
25Wema Bank1.854.208.75
26Zenith Bank0.474.058.63