Onyia25:
Nna, fixing money in a Nigerian bank is useless, cos you're actually losing money without realizing it.

How can a bank pay 12% per annum (and still remove vat) when our inflation rate currently stands at 19% That means you're losing money cos the little profit you make(even your capital too) actually loses it's purchasing power within the cause of the year. N30,000 for instance cannot even buy today somethings that N20,000 could buy last year. No wonder many people joined MMM and yet those satanic people used the media to destroy it.

The best investment in this country remains real estate. If that your funds can purchase even a small parcel of land, buy it and watch your investment grow at a rate of 40% to 100% per annum(depends on location) while correcting for our ever rising inflation

The growth margin is exaggerated