Making money make sense🫰🏾💵🪙 Make smarter financial decisions. Join the money community Powered by Sterling 💪🏾 Email: [email protected]
Lagos, Nigeria
Joined April 2020
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The CBN sold ₦2.63 trillion in OMO bills to manage the money circulating in the economy. 📊
What could this mean for inflation, savings rates and the cost of borrowing? 🤔
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ON THE OTHER HAND… ⚖️
•Borrowing could get more expensive. Banks may raise loan interest rates, so that phone, laptop or small business loan could cost more.
•Big investors may park money in these bills instead of businesses, potentially leaving less funding for startups and job creation.
THE BIG TAKEAWAY 💡
The CBN is turning down the volume on too much cash in the economy.
It could help slow price increases, but it could also make borrowing pricier.
If you have savings, shop around for competitive rates and make informed decisions about where your money goes.
Friday + Finance = Frinance Catchup! Making Nigeria’s money news easier to understand.
Not every purchase deserves a debit alert. 👀
Sometimes, the best thing to buy is… nothing!
📱 Download OneBank: sterling.ng/onebank
👉🏽 Use code: ONEBANK
#OneBank #Finance #Money
Sometimes, the pressure to keep up can make us overlook the red flags.🚩
Would you have made the same choice as Sofiat?🤔
💵 Download OneBank: sterling.ng/onebank
👉🏽 Use code: ONEBANK
#OneBank #Finance #Money
🤖 Made with AI
Only two words to guess it all? 👀
How did they do? Which word had you second-guessing? 🤭
📱 Download OneBank: sterling.ng/onebank
👉🏽 Use code: ONEBANK
#OneBank #Finance #Money
If e easy, do am! 😂
But if you know the maths, come and show working! ✍🏽
📝 Register for the Sterling Maths Quiz at sterling.ng/maths!
They’ve said it all.😌🤭
📝 So… if you know any secondary school students, tell them and their guardians to run and register for the Sterling Maths Quiz at:
➡️ sterling.ng/maths!
