There is no bank that gives 16% ROI in Nigeria. I wasted the whole of last week trying to get the bank with the highest ROI and less hassle when you want to get your money back, the highest I came across is 7%. Just do business with your hard earned money than letting it lie idle in some stupid bank.

So you guys are saying we should avoid fixed deposit even when we have no immediate need of the cash....

I know an organization that gives btw 15-20% ROI right here in Nigeria and pays dividends twice a year!

Interested? Add 28C275F2 on BBM or send a mail to Lhanrayagboola@gmail.com

alexvatt: U people should stop fooling around in the of investment. U will never seing dangote putting his money in fixed deposit. He will rather do business with his money. Stop depositing ur hard earned money in the name of investment. Do business with ur money.

Large corporations do invest their excess cash, and I bet Dangote does that too...heck some people/companies' business IS investing. Admittedly, most of us that are not at the level of Dangote ....nor anywhere near it, and we need to do business to grow our wealth, but if you don't have the time (e.g working in a company where you have little or no time to mind a business), or you are not business savvy, investment is an viable option for you. So while you are working, your money is working too.

Me I agree with Omo Yankee sha. Can you name one bank in Nigeria that can give u a 16% Returns in one year? None
Banks these days just want you to keep your money with them and get no returns whatsoever. Even if you do, it’s quite insignificant

Bros na wa o! we all know say for business u fit loose capital na. These people dem dey hold the capital for you give you something ontop am sef.

pls illd like you to explain how I can go abt the first bank Investment stuff...I'm not gud in business but I want to invest the little I have...Thanks...

Most times nigerian factor comes into play, I will addvise that should in case you want to invest in the money market, you should do that through the right channels...

https://www.nigeriabusinessplan.com.ng/characteristics-of-develop-money-market/

lecturerdabo:
I threw in 25k there last yr june, I just checked it on friday and the bal is 29k. Now U decide!!

The best way to make extra with this form of investment is continuos savings.