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 admin
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 admin
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/N | NAME OF BANK | Demand Deposit | Savings Deposit | Time Deposit |
| Ave. Int Rate | Ave. Int Rate | Ave. Int Rate | ||
| 1 | Access Bank | 0.90 | 4.05 | 11.61 |
| 2 | Citi Bank Nigeria | 1.50 | 4.10 | 6.60 |
| 3 | Coronation Merchant Bank | – | – | 13.67 |
| 4 | Diamond Bank | 0.36 | 4.20 | 6.80 |
| 5 | Ecobank Nigeria | 0.01 | 4.05 | 8.86 |
| 6 | FCMB | 0.47 | 4.20 | 10.50 |
| 7 | Fidelity Bank | 3.00 | 4.05 | 12.00 |
| 8 | First Bank of Nigeria | 0.00 | 4.05 | 7.50 |
| 9 | FBN Merchant Bank | – | – | 9.20 |
| 10 | FSDH Merchant Bank | – | – | 9.55 |
| 11 | Guaranty Trust Bank | 0.47 | 4.20 | 8.18 |
| 12 | Heritage Bank | 0.00 | 4.20 | 13.88 |
| 13 | Keystone Bank Ltd | 0.41 | 4.20 | 14.04 |
| 14 | Nova Merchant Bank | – | – | 13.18 |
| 15 | Providus Bank | 0.00 | 4.20 | 9.05 |
| 16 | Rand Merchant Bank Nig. Ltd | 0.00 | 0.00 | 15.08 |
| 17 | Polaris Bank | – | 4.20 | 8.48 |
| 18 | Stanbic IBTC Bank | 0.63 | 4.20 | 7.68 |
| 19 | Standard Chartered Bank | 0.00 | 4.22 | 7.24 |
| 20 | Sterling Bank | 0.00 | 4.05 | 10.17 |
| 21 | SunTrust Bank | 0.00 | 2.00 | 9.94 |
| 22 | Union Bank | 0.50 | 4.20 | 10.06 |
| 23 | United Bank for Africa | 0.02 | 4.20 | 8.15 |
| 24 | Unity Bank | 0.50 | 4.20 | 16.00 |
| 25 | Wema Bank | 1.85 | 4.20 | 8.75 |
| 26 | Zenith Bank | 0.47 | 4.05 | 8.63 |