United Bank for Africa (UBA) Fixed Deposit Rate
United Bank for Africa (UBA) Fixed deposit starts from N100,000. and runs for a minimum of 30 days and maximum of 90 days.

United Bank for Africa (UBA) Fixed deposit starts from N100,000 to N9,999,999 is 3.0% for a month.

This means if I want to fix N1,000,000 for a month.

The interest return on investment would be N1, 002,465.75 Profit would be N2,465.75.

United Bank for Africa (UBA) Fixed deposit starts from N10,000,000 to N49,999,999 is 3.25% for a month

This means if I fix N10,000,000 for a month,

The interest return on investment would be N10,026,712.33. Profit would be N26,712.33.

United Bank for Africa (UBA) Fixed deposit starts from N50,000,000 to N99,999,999 is 3.5% for a month

This means if I fix N50,000,000 for a month,

The interest return on investment would be N50,143,835.62. Profit would be N143,835.62.

Please note that there is a withholding tax (WHT) of 10% on the interest earned on fixed deposit.

For more information go to source http://www.talkasset.com/united-bank-for-africa-uba-fixed-deposit-rate-2016/

thank you for the advice

I would rather invest my money in pure water distribution business than to fix it even if the interest rate is 10%

this business template gives a good understanding of the pure water distribution business

http://www.talkasset.com/how-to-start-up-a-bottle-water-or-sachet-water-distribution-business-in-nigeria/

the interest rate I presume is for 1 year. the reason for low interest rates is because banks have so much money. they prefer giving out loan now than to accept fixed deposits. loans come with double digits interest rate to the bank while we get less than half of that in fixed deposit. This does not encourage startups.

with excellent customer care. Kudos to Access Bank

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In a time when banks don’t necessarily need money inflow through fixed deposits, one bank gives better fixed deposit interest rate more than some other banks. That bank is ACCESS BANK PLC. Firstly lets know what fixed deposit is.

A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

The only downside to fix deposit is inflation. Inflation is the general increase in prices and fall in the purchasing value of money. this means that assuming you have $10,000 and you wish to fix it from the month of May 2016 to April 2017, now if there is rise in inflation, the prices of good will increase and the purchasing power of your $10,000 would reduce hence the value of your money has reduced. The other way is also true. If there is decrease in inflation then the purchasing power of the $10,000 would increase hence leading to increase in the value of the money.

Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. The bank’s headquarters is located in Lagos, Nigeria’s financial hub. Access Bank has in excess

of 300 bank branches in Nigeria’s major commercial cities. After the acquisition of Intercontinental Bank Plc,

Access Bank became a larger and stronger financial service provider, with an impressive assets base.

Investing in Access Bank means to securely investing in your future. This is because it is one of the youngest banks in Nigeria, hence one of the fastest growing banks in Nigeria.

Fixed deposit with Access Bank is one with assurance and peace of mind. Below are the breakdown of fix deposit rate for one year. N1,000,000 is with the rate 4.75%

Between N1,000,000 and N10,000,000 is 4.75% to 6%

N10,000,000 to N50,000,000 is 6% to 6.25%.

Please note that there is a withholding tax (WHT) of 10% on the interest earned on fixed deposit. This rate is subject to change by the bank.

For more enquiries please leave a comment and we will respond to you appropriately.

on fix deposit with other banks visit the source: http://www.talkasset.com/access-bank-updated-fixed-deposit-rate-2016/

When you talk about innovation in banking in Nigeria, one bank stands out. That bank is Guaranty Trust Bank PLC. From services such as Internet Banking, the first Naira MasterCard, to Fastrack, GTConnect, Social Banking on Facebook, SME MarketHub; an e-commerce platform, to GTBank Mobile App, GTExpress and One Click Top-up, just to mention a few. GTBank has introduced a new mobile service, to enable people conveniently transfer money from their GTBank account to another GTBank account holder or from a GTBank account to another bank holder, all from their mobile phone.

This code is very simple *737*. It cuts across

ACCOUNT OPENING
FUNDS TRANSFER
AIRTIME/DATA TOP-UP
BALANCE CHECK and much more services. This quick code service has brought banking even to your rest room. Isn't beautiful? I will take time to explain all the services GTBank gives to her customers via this short and quick code *737*.
1) OPENING A NEW ACCOUNT

HOW TO OPEN AN ACCOUNT

Simply dial *737*0# and follow the onscreen prompts. An account number will be created automatically and sent to you via SMS. Account opening forms are NOT required for the signup process. Once you sign up, look out for your ten-digit account number (NUBAN). You can also use your phone number as your account number at GTBank branches, GTExpress outlets. This account has some limitation as seen in the features below. However after opening the account, you can head on to the bank and upgrade the account and remove the limitations

BENEFITS

One time visit for authentication and BVN linking
Open an account without completing any form.
Save on a daily, weekly or monthly basis at a yearly interest rate of 3.9%.
Deposit and withdraw money at GTBank branches, GTExpress locations.
FEATURES

Maximum deposit per transaction is N20,000
Maximum account balance is N200,000
No airtime or data needed to open an account
2) TRANSFER MONEY TO ANY PART OF NIGERIA

HOW TO TRANSFER FUNDS

Transfer to GTBank account
Dial *737*1*Amount*NUBAN Account Number# (e.g. *737*1*1000*1234567890#) from the phone number you registered with GTBank, then follow the on-screen prompts.
Transfer to other banks
Dial *737*2*Amount*NUBAN Account Number# (e.g. *737*2*1000*1234567890#) from your phone, then authenticate the transfer with the last four digits of your GTBank debit card.
BENEFITS

It’s a convenient way to send money
*737*transfer is available 24/7
The entire transaction process takes about 10 seconds
With *737*transfer, you can transfer to other Nigerian banks
FEATURES

Daily transaction limit of N200,000
Works with phone numbers registered with GTBank
Subject to phone network signal
Money is deducted directly from your GTBank account
Transaction requires the last four digit of your Naira MasterCard (Debit card)

hit the source for a complete information

http://www.talkasset.com/complete-list-of-benefits-for-using-gtbank-737-mobile-banking-services/#.VzD-_9KDGko

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Since the return of President Buhari’s trip from China there has been optimism in the Nigeria’s economic atmosphere. The biggest of them all being the the flexibility of the choice to make use of two internationalized currencies, being the US Dollar and the Chinese Yuan. Nigerians do more than 50% of their imports from China hence the flexibility of using either the Yuan or the USD would be an uncommon victory for Nigerians.

Nigeria currently have started diversification of her economy to other sectors like the agricultural sector, solid minerals power, information technology among others. this is a process will definitely take some time. Right now crude oil remains our economic mainstay and the oil price has started recovering from it losses but the naira in the parallel market remains relatively low at N323 per dollar. The exchange rate’s relative weakness to dollar means the government is earning more from sales of the dollar-denominated commodity. How is this going to affect the life of an average Nigerian?

THE 2016 BUDGET

The crude oil benchmark for the 2016 budget is at $36 as adopted but the National Assembly. As at the time of presentation of this budget by

the presidency their was fear that if the oil price keeps going down the country would have to borrow upto half of this amount in order to meet

up with the budget implementation. But with what is happening right now in the crude oil price there is optimism in the air. The Brent Crude is

currently at $47 per barrel. which is $11 more than the oil benchmark for our 2016 budget. what does that mean right now to our foreign

reserve? With the country’s oil daily export reaching 2.7 million barrel means FG would currently be banking $29.7 million daily. That is a

wonderful news to our foreign reserve as it will help ease the pressure on naira and if this up surge in oil continues then the CBN will start

reviewing its monetary policies on foreign transaction. Which is a great news for business startups.

source: http://www.talkasset.com/crude-oil-price-recovering-faster-than-naira-find-out-what-this-means-to-the-economy/#.VyTqW9QrLIU

I think your email will be safe.

Find out how to open a corporate account with Zenith Banks all the requirement. This are the updated and official requirements. find out here

http://www.talkasset.com/how-to-open-a-corporate-or-business-bank-account-with-zenith-bank/

YAHOO IS FOR SALE, AND BIDDERS ARE LINING UP TO GRAB THEIR OWN, EVER-SHRINKING PIECE OF INTERNET HISTORY.
The once-great Internet pioneer is entertaining offers…reluctantly. CEO Marissa Mayer would like to see Yahoo through its struggles, but impatient investors are looking for a way to cash out.

Yahoo (YHOO, Tech30) has reportedly given interested parties until April 18 to make their offers. The company is expected to fetch something like $8 billion for its core Internet business.

Who’s buying?

The list of interested parties matches the potpourri of businesses that Yahoo operates.

Media companies, such as the Daily Mail and Time Inc. (TIME), are reportedly thinking of making an offer. A Daily Mail spokesman confirmed to CNNMoney that the company is looking at bidding for Yahoo.

Technology companies, such as Google (GOOGL, Tech30) and Microsoft (MSFT, Tech30), are also reportedly looking into bidding for other pieces. Though Google isn’t likely to make an offer, due to antitrust concerns, Microsoft would like to preserve its relationship with Yahoo, providing Bing search results for some search queries. Microsoft had made a $45 billion offer for Yahoo in 2008, which Yahoo successfully fought off.

Verizon (VZ, Tech30) could also be a player. It owns Yahoo rival AOL and other media assets, and the company has publicly expressed interest in taking a look at Yahoo. AOL is like a mini version of Yahoo, with a sizable digital advertising and online content business. Verizon bought AOL last year for more than $4 billion.

for more information, hit the source: http://www.talkasset.com/great-internet-pioneer-yahoo-is-for-sale-as-bidders-line-up/

I think the best thing is to close the account. I don't really understand these South African companies.

I definitely will do that. I will complain and get them to retify it immediately. I am sure they are doing that with notion that since the money is little the owner will not ask questions. Thieves.

I think the best thing Is to gonto the bank and find out what this scam is all about

I really don't understand these banks in Nigeria. I thought the N50 stamp duty charge is for current account? Why are they charging me N50 from my savings account? I just received this message from Stambic IBTC

A debit of NGN50.00 occurred on your A/C XXXXXX2606. Date:07-04-2016 at 12:16 Details:CBN STAMPDUTY:07APR2016/ S981446 Balance:NGNXXXXXXXX.XX.

PLEASE I NEED HELP UNDERSTANDING THIS STAMP DUTY.

Oh! five Naira, what has happened to you that you are so weak as to purchase the smallest of things in the market like a match box or even the children candy. How are the mighty fallen.

When I was a baby, as far back as the 90s, N5 was so big that it could take care of two visitors with 2 bottles of coke. If you then have two of it which is N10 then you can add some cookies to the Coke and make you visitors feel truly refreshed and replenished.

find out the full article below.

http://www.talkasset.com/the-n5-of-the-1990s-and-the-n5-of-2016-what-has-changed/#.Vv8MtZwrLIV

Thank you for the information you are sharing. mine is a wordpress site http://www.talkasset.com review please. what do we do as wordpress bloggers. thank you

it sounds crazy my brother, but GTB, Stanbic IBTC and Diamond Bank charged me closed to that amount find out the reason here: http://www.talkasset.com/why-nigerian-banks-are-selling-forex-at-parallel-market-rate/#.Vsnix7QrLIV