aycorporat:


A real physical business like buying bags of pepper in the North and selling them here down south in Lagos.
For instance, a bag of pepper in Kano might be 15k, with the laada, loading and all that, it might come with a cost of 17k.

a full bus can contain 55bags that is 17,000 X 55 bags = 935,000

Transport to Lagos = 300,000
935,000 + 300,000 = 1,235,000

When it gets to Lagos, a bag goes for as much as 30 - 35k most times
that is 55 X 30,000 = 1,650,000
laada on each bag of pepper is 500 naira which is 55 X 500 = 27,500
Offloading = 5,000
1,650,000 + 27,500 + 5,000 = 1,678,000

profit for just a single trip = 1,678,000 - 1,235,000 =443,000

Pepper is hot cake here. You can message me for further details.

If someone who does not have experience in business sees this your calculations he will think that once he invests in it he will be using shovel to pack profits

What about the cost of spoilage?

Where is the cost of levy for the market!

What about money for settling police at checkpoints along the way?

You will also need to settle agberos at the market before you can offload, where did you put that expense?

What about contingency expenses assuming the vehicle breaks down on the road or suffers delay?

Cc Sunnic4sure

Olaxbolax100:


Are you into it and are you sure the amount stated above will be sufficient for this

Bros if you enter this business without first doing apprenticeship for at least 2 years just know that at some point someone somewhere will sell ordinary stone to you as precious stone!

mikool007:
I'll tell you what i did with the money i got from land sales, i used risevest, invested everything in their real estate plan got 15% of my money at the end of the year additional 30% because dollar rose, it's a dollar platform, so it's a win win for you, that's a return of close to 800k in just one year on just 2.2m investment, you literally won't lift a finger, I'll give you my referral code if you're interested,

Iceking1 carry your shoes in your hands and run without looking back whenever you receive offers like this.

Most of these so called real estate companies that take deposits from people are glorified Ponzi schemes!

SavageResponse:


If someone who does not have experience in business sees this your calculations he will think that ones he invests in it he will be using shovel to pack profits

What about the cost of spoilage?

Where is the cost of levy for the market!

What about money for settling police at checkpoints along the way?

You will also need to settle agberos at the market before you can offload, where did you put that expense?

What about contingency expenses assuming the vehicle breaks down on the road or suffers delay?

Cc Sunnic4sure

Oga sir
If you go through my engagement with the good people who are into the business, not the "branch by", you'll see where I addressed all that. This is my fifth month and to God be the glory, it has been ok.

Westerhoffe:
Youtube Automation…
Up to, if not over ₦1m monthly.

How does that works?

SavageResponse:


Bros if you enter this business without first doing apprenticeship for at least 2 years just know that at some point someone somewhere will sell ordinary stone to you as precious stone!

Thanks for the heads up bro... I appreciate

SavageResponse:


Iceking1 carry your shoes in your hands and run without looking back whenever you receive offers like this.

Most of these so called real estate companies that take deposits from people are glorified Ponzi schemes!

you can relax bro, I'm literally describing my experience with risevest in particular, if anyone needs further clarification google is ur friend, I'm not here to spoon feed anybody when i have better things to tend to

Larry1960:


Please which bank gives 11percent

Top 10 Best Banks for Fixed Deposit in Nigeria
Are you looking to invest your money in Fixed Deposit Accounts in Nigeria? Choosing the right bank is crucial to ensure maximum returns and a hassle-free experience. In this article, we have compiled a list of the top 10 best banks for Fixed Deposit in Nigeria.

Whether you are a beginner or an experienced investor, this guide will help you make an informed decision.

What is a Fixed Deposit Account?
A fixed deposit is a savings product that allows you to earn interest on your money for a fixed period of time. The interest rate you earn will depend on the term of your deposit and the amount of money you invest.

When your fixed deposit matures, you will have the option to withdraw your money or reinvest it. If you choose to withdraw your money, you will be paid the principal amount plus the interest that you have earned.

Requirements for opening a fixed deposit account
To open a fixed deposit account in Nigeria, you will need to provide the following information:

Name.
Address.
Phone number.
Email address.
National ID card or passport.
The amount of money you want to invest.
The term of your investment.
Once you have opened your account, you will start earning interest on your money immediately. The interest will be credited to your account on a monthly basis.

Types of fixed deposit accounts in Nigeria
There are various types of fixed deposit accounts available in Nigeria.

These accounts help individuals to invest their money and differ in terms of duration, interest rates, and other features.

Some common types of fixed deposits in Nigeria include.

● Standard Fixed Deposit

This is the most common type of fixed deposit account where you deposit a specific amount for a fixed period of time. The interest rate is predetermined and remains constant throughout the tenure.

● Flexi Fixed Deposit

This type of fixed deposit allows you to withdraw a portion of your funds before the maturity date without incurring penalties. It offers flexibility while earning interest on the remaining balance.

● Fixed Deposit Plus

Fixed Deposit Plus is a type of account that provides higher interest rates compared to standard fixed deposits. However, it usually requires a higher minimum deposit amount and longer tenure.

● Joint Fixed Deposit

This type allows multiple individuals to open a fixed deposit account together. The interest earned is distributed among the account holders according to their share of the deposit.

● Foreign Currency Fixed Deposit

Some banks in Nigeria offer fixed deposit accounts in foreign currencies such as US dollars, British pounds, or euros. This can be beneficial for individuals who have foreign currency holdings and want to earn interest in that currency.

● Islamic Fixed Deposit

Islamic banks in Nigeria offer Sharia-compliant fixed deposit accounts. These accounts follow Islamic principles, such as not charging or paying interest. Instead, profits are generated through sharing income from permissible activities.

● Corporate Fixed Deposit

Banks also offer fixed deposit accounts specifically designed for corporate entities. These accounts have features tailored to meet the needs of businesses, such as higher deposit limits and flexible terms.

10 Best Banks for Fixed Deposit in Nigeria
Before opening a fixed deposit account, it is important to note that specific terms and conditions, including minimum deposit amounts, interest rates, and tenure, may vary between banks and financial institutions in Nigeria.

It’s advisable to check with individual banks for the latest information on their fixed deposit offerings.

Below are some of the top best banks for fixed deposits in Nigeria.

1. United Bank for Africa
United Bank for Africa’s Fixed Deposit account is suitable for short, medium, or long-term investments, offering certainty and security. With a minimum deposit requirement of ₦100,000, the account provides an annual interest rate of 8%.

The advantages of UBA’s Fixed Deposit Account include higher interest rates, fixed returns, flexible tenure options, secured funds, and automatic renewal. However, there are also some disadvantages, such as fixed interest rate, inflation risk, limited flexibility, and the minimum deposit requirement.

2. DLM Asset Management Limited
DLM Asset Management Limited offers a Fixed Income Fund account with a minimum investment of N10,000. This account promotes a savings culture by allowing investors to top up with N10,000 at any time. Withdrawals after three months do not incur penalty fees, and there are no hidden charges.

The account offers an annual interest rate of 15%. The benefits of DLM’s Fixed Income Fund include investment opportunities in private equity, real estate, and capital markets, an experienced team, personalized service, and in-depth knowledge. However, there are drawbacks such as limited liquidity, potential for losses, and management fees that reduce investor returns.

3. First Bank of Nigeria
The First Bank of Nigeria’s Fixed Deposit Account has a minimum savings amount of ₦10,000 and offers an annual interest rate of 8%. The advantages of First Bank’s Fixed Deposit Account include guaranteed returns, flexible terms, easy account opening, and high interest rates. However, there are limitations on liquidity, early withdrawal penalties, and it may not be suitable for all investors.

4. Globus Bank
Globus Bank offers Fixed and Tenured Deposits, allowing customers to place cash with the bank for a set period of time. The account can be opened with a minimum sum of ₦10,000 and a savings duration of three months, providing an annual interest rate of 7%.

What you stand to gain from Globus Bank’s Fixed or Tenured Deposit include guaranteed returns, flexible terms, easy account opening, and high interest rates. However, there are downsides such as limited liquidity, early withdrawal penalties, and it may not be suitable for investors needing short-term access to their money or high levels of growth.

5. Zenith Bank
Zenith Bank offers a short-term investment called Zenith Bank Fixed Deposit, which has an agreed or fixed rate with a tenor of 30-90 days. It provides competitive interest rates for customers saving towards future projects. The account can be opened with a savings amount of ₦10,000 or more and offers a yearly interest rate of 7%.

Benefits of Zenith Bank Fixed Deposit include higher interest rates, fixed returns, flexible tenure options, security, and automatic renewal. However, there are disadvantages such as locked-in funds, a fixed interest rate, inflation risk, limited flexibility, and a minimum deposit requirement.

Want more content like this? Fill in your details below and get valuable insights delivered straight to your inbox!

6. Sterling Bank Plc
Sterling Bank Plc offers a long-term investment account called Sterling Bank Fixed Deposit, which provides a competitive rate over a period of not less than 30 days. Customers can also choose to rollover their investment at the end of the agreed tenor. The account can be opened with a minimum amount of ₦100,000 and has an annual interest rate of 7%.

The advantages of Sterling Bank Fixed Deposit include guaranteed returns, flexible terms, easy account opening, high interest rates, and tax benefits. However, there are limitations on liquidity, early withdrawal penalties, and it may not be suitable for all investors.

7. FCMB
FCMB (First City Monument Bank) offers a fixed deposit account with competitive interest rates ranging from 7% to 8% per annum. With a minimum deposit of N10,000 and a maximum deposit of N500,000,000, customers have flexibility in choosing their investment amount.

The tenure options range from 1 month to 3 years, allowing customers to align their investment with their financial goals. Additionally, FCMB is a member of the Nigeria Deposit Insurance Corporation (NDIC), providing deposit insurance coverage up to N500,000 for added security. While FCMB’s fixed deposit account offers guaranteed returns, it’s important to note the limited liquidity and potential penalties for early withdrawals.

8. GTBank
GTBank’s Fixed and Tenured Deposits offer individuals and businesses an opportunity to save cash for the future on a long-term basis. The account provides flexible terms, allowing you to choose a tenure ranging from a minimum of 30 days to a maximum of 180 days. Moreover, GTBank’s fixed deposit account grants access to all of their electronic channels at no additional cost.

Some of the advantages of this account include guaranteed returns, flexible terms, ease of account opening, high interest rates, and access to GTBank’s electronic channels. However, it’s important to consider the limitations, such as limited liquidity, early withdrawal penalties, and the fact that it may not be suitable for all investors.

9. Stanbic IBTC
Stanbic IBTC’s Max Yield Account helps accelerate your savings while providing the option of partial withdrawals for emergencies along the way. Opening this account requires a minimum balance of ₦10,000, and the maximum investment amount is ₦5,000,000.

The annual interest rate for the Max Yield Account ranges from 8% to 11%. The advantages of this account include guaranteed returns, flexible terms, the option to open an account online, high interest rates, access to all Stanbic IBTC electronic channels, and bonus interest of up to 0.5% on your savings. However, the account also has limitations, including limited liquidity, early withdrawal penalties, and it may not be suitable for all investors.

10. Polaris Bank
Polaris Wise, a product offered by Polaris Bank, is a 3-in-1 high-yield savings account that combines the features of a savings, current, and fixed deposit account. This account encourages you to save more in order to earn more. To open a Polaris Wise account, you need a minimum opening and operating balance of N10,000. However, interest forfeiture applies on balances below N100,000 or if the withdrawal limit exceeds three times the monthly maximum.

The advantages of Polaris Wise include high interest rates, flexible terms, easy account opening, no minimum balance requirement, a free ATM card, internet banking, and mobile app access. On the other hand, the account has limitations, such as limited liquidity, early withdrawal penalties, and it may not be suitable for all investors.

Copied from nairacompare

1.DLM Asset Management Limited
DLM Asset Management Limited offers a Fixed Income Fund account with a minimum investment of N10,000. This account promotes a savings culture by allowing investors to top up with N10,000 at any time. Withdrawals after three months do not incur penalty fees, and there are no hidden charges.

The account offers an annual interest rate of 15%. The benefits of DLM’s Fixed Income Fund include investment opportunities in private equity, real estate, and capital markets, an experienced team, personalized service, and in-depth knowledge. However, there are drawbacks such as limited liquidity, potential for losses, and management fees that reduce investor returns.


2. Stanbic IBTC
Stanbic IBTC’s Max Yield Account helps accelerate your savings while providing the option of partial withdrawals for emergencies along the way. Opening this account requires a minimum balance of ₦10,000, and the maximum investment amount is ₦5,000,000.

The annual interest rate for the Max Yield Account ranges from 8% to 11%.

joinnow:

Why not fix it aka fix feposit.Some bank give 11% per annual which is 20k monthly

Commercial bank or online banks like kuda and piggyvest?

Westerhoffe:
Youtube Automation…
Up to, if not over ₦1m monthly.

How feasible is it?

I don't mind paying you to put me through.

aycorporat:


A real physical business like buying bags of pepper in the North and selling them here down south in Lagos.
For instance, a bag of pepper in Kano might be 15k, with the laada, loading and all that, it might come with a cost of 17k.

a full bus can contain 55bags that is 17,000 X 55 bags = 935,000

Transport to Lagos = 300,000
935,000 + 300,000 = 1,235,000

When it gets to Lagos, a bag goes for as much as 30 - 35k most times
that is 55 X 30,000 = 1,650,000
laada on each bag of pepper is 500 naira which is 55 X 500 = 27,500
Offloading = 5,000
1,650,000 + 27,500 + 5,000 = 1,678,000

profit for just a single trip = 1,678,000 - 1,235,000 =443,000

Pepper is hot cake here. You can message me for further details.

Are you currently into this business?

Do you travel to kano or Kaduna by yourself?

Dshocker:


Are you currently into this business?

Do you travel to kano or Kaduna by yourself?

Yes I am still into it
I was traveling but now get it by proxy as I have a staff who does that.

I will advise you don't just go into business just because it was recommended
You Learn to Earn so therefore I will advise you start a business of no Products
Check my Signature to know More

Iceking1:
Good morning nairalanders, this is my first time ever of of attempting to run a business, and I intends to make 100k - 150k yearly

I currently have a start up capital of 2.2 million naira, what business can I start up with it that will guarantee me 10,000 - 13,000 naira monthly.

Your opinions will be highly appreciated, thank you.

aycorporat:


Yes I am still into it
I was traveling but now get it by proxy as I have a staff who does that.

Ok, can i source for it from Jos?

I want to link someone into the business.

Dshocker:


Ok, can i source for it from Jos?

I want to link someone into the business.

I don't know about Jos very well.

Dshocker:


How feasible is it?

I don't mind paying you to put me through.

You don't need to stress yourself.
Hire a trusted Freelancer to do it.
They know what to do.

But if you're truly interested, let me know.

Westerhoffe:



You don't need to stress yourself.
Hire a trusted Freelancer to do it.
They know what to do.

But if you're truly interested, let me know.

Sure, i am interested.

Dshocker:


Sure, i am interested.

PM me.

Dshocker:


Commercial bank or online banks like kuda and piggyvest?

Commercial bank


and online banks pay more eg renmoney aka renvault pay as high as 18% per annum

joinnow:

Commercial bank


and online banks pay more eg renmoney aka renvault pay as high as 18% per annum

Online banking is risky, you can wake up one morning, and get to find out that they've stopped operation.

The only action you will hear is, EFCC has declared the CEO wanted, and if EFCC eventually arrest him, they will collect their share, the judge will also collect their share, while investors are left with nothing.

By the way, please which commercial bank issues 18% on interest rate?... Because this figure seems untrue.

aycorporat:


Yes I am still into it
I was traveling but now get it by proxy as I have a staff who does that.

Your email please?

Oga let me mentor and partner with you in pig farming. Agric is the new cocaine.

08038505750

Dshocker:


Your email please?

aycorporate@gmail.com

aycorporat:
aycorporate@gmail.com

I have sent you a mail

With 500$ I can guarantee you that you will be making atleast 50k every month . You will be earning in dollars and is working perfectly.

I want to train you on about how to make money on forex trading without knowledge of forex. I mean trading forex without any knowledge of it and I will give you the training free of charge

Is all about copy trading . Copying the trade of expert or mirroring the success of professional traders.

With just investment of 500$ I can guarantee you steady flow of income on monthly basis.

Feel free to ask me anything in details

My regards to you

Dshocker:


I have sent you a mail

ok

Iceking1:
Good morning nairalanders, this is my first time ever of of attempting to run a business, and I intends to make 100k - 150k yearly

I currently have a start up capital of 2.2 million naira, what business can I start up with it that will guarantee me 10,000 - 13,000 naira monthly.

Your opinions will be highly appreciated, thank you.

STANBIC IBTC MMF will give you more than 13,000naira on your 2.2m

It's 100% secured

If you need further clarifications, kindly quote me or chat me on WhatsApp for further info

Note: I will only direct you to enter any nearest stanbic IBTC around you, not as if you are sending a kobo to me

Thanks

Iceking1:
Good morning nairalanders, this is my first time ever of of attempting to run a business, and I intends to make 100k - 150k yearly

I currently have a start up capital of 2.2 million naira, what business can I start up with it that will guarantee me 10,000 - 13,000 naira monthly.

Your opinions will be highly appreciated, thank you.

Bro l can introduce you to a very profitable Rice supply/destoning bizneess...you know that rice is the number one commodity in Naija..cus Nigerians must surely eat rice no matter what
contact me on 09029541178...if you're interested..

yesloaded:


STANBIC IBTC MMF will give you more than 13,000naira on your 2.2m

It's 100% secured

If you need further clarifications, kindly quote me or chat me on WhatsApp for further info

Note: I will only direct you to enter any nearest stanbic IBTC around you, not as if you are sending a kobo to me

Thanks

Please throw more light. I'm interested

LandMann:


Please throw more light. I'm interested

It's an investment program by stanbic IBTC bank

You can open the account at any branch of stanbic IBTC

You will transfer the amount you intend to invest into designated bank account details which will be given to you at the branch

Your investment start to yield the next 24hrs

You can choose 1month, 3month, 6months or 1yr investment plan, the choice is all yours

Interest will be paid directly to your bank account at the end of every chosen investment window and you can also opt for auto reinvest of interest

If you have more questions, you can get in touch with me on WhatsApp or post the question here