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Autos › Re: OLIVERJAID - Where Is Our Container? by bigfizh(m): 8:43pm On Feb 10, 2020

freshvine:
I know what you just did.

I hope so

Autos › Re: OLIVERJAID - Where Is Our Container? by bigfizh(m): 8:39pm On Feb 10, 2020

Philadelphia:
And it may surprise you to hear that some customers may even be planning to use the vehicle to surprise their spouse as valentine day's gift or to use the car to take spouse or family out...

Very unfortunate

Autos › Re: OLIVERJAID - Where Is Our Container? by bigfizh(m): 7:35pm On Feb 10, 2020

Another week is here, Both Oliverjiad and Amdman are still going back and forth, while those whose vehicles are in the container and who didn't signup for this delay as a result of Amdman's failure to carry out due diligence and background check before assigning to a clearing agent Vs. Oliver's nonchalant attitude to work and poor client management skills ends up suffering for the delay in having the vehicles they paid for 3-4 months ago.

This is an eye opener indeed.

5 Likes

Adverts › Re: CALL FOR ALL YOUR CLEARING JOBS VIA TINCAN ISLAND AND APAPA by bigfizh(m): 8:49pm On Feb 06, 2020

Oliverjiad, You are looking for more business while you are yet to deliver on the one Amdman paid you for 5 weeks now,

You are shooting yourself on the leg young man.

https://www.nairaland.com/5672250/oliverjaid-where-container/2

2 Likes 2 Shares

TV/Movies › Re: Dstv No Longer Entertaining These Days : Personal Opinion by bigfizh(op): 11:57am On Dec 09, 2019

NeededGist:
Football is the only reason I subscribe these days. Imagine when they mistakenly lose the right of EPL to another cable company. It go shock them.

This EPL right I guess it's the reason why they are lagging, and people still subscribe, if they were to lose it, they will be on their toes again, too bad we don't have a competitive cable TV at the moment to rival these guys

TV/Movies › Re: Dstv No Longer Entertaining These Days : Personal Opinion by bigfizh(op): 9:47am On Dec 09, 2019

thinksquad:
Then imagine wat people face with gotv.

Yeah

TV/Movies › Re: Dstv No Longer Entertaining These Days : Personal Opinion by bigfizh(op): 9:45am On Dec 09, 2019

bestpunterever:
I had resorted to android box since, now I used to watch a lot of better channels.
HBO, Bein movies and more, the only challenge so far is a stable internet.
take EPL from Dstv, startimes will become their mate.

TV/Movies › Re: Dstv No Longer Entertaining These Days : Personal Opinion by bigfizh(op): 6:49pm On Dec 08, 2019

Slynation:
Honestly i thought am alone on this, if there is no love football, everything becomes boring on DSTV, I'm a fan of natgeo wild but same repetition as well....

It wasn't always like this, I hope they adjust soon

1 Like

TV/Movies › Re: Dstv No Longer Entertaining These Days : Personal Opinion by bigfizh(op): 6:47pm On Dec 08, 2019

fernandoc:
This is very true! Can’t believe I’d subscribe and still be looking for movies to download online to watch

Exactly

1 Like

TV/Movies › Dstv No Longer Entertaining These Days : Personal Opinion by bigfizh(op): 5:53pm On Dec 08, 2019

Maybe it's just me, I find dstv channels boring these days, they keep repeating old movies
/ Shows over and over, and for the past few weeks I have had cause to turn off the decoder and watch movies I downloaded online or watch shows I saved on Explora months back, this is where I wish we had alternative cable TVs that can compete with DSTV.
I'm contemplating on reducing my subscription from premium to lower packages.
The management of DSTV should look into this urgently.

6 Likes

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 10:48am On Oct 24, 2015

ken4jj:
Thanks for clarification. That means N700k for one year will only yield N4k. I have always known that fixed deposit only makes sense for big players with hundreds of millions. just wanted to confirm that.

The 4k is not for an entire year, its for a month

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 9:29am On Oct 24, 2015

yak:
wat amount is the minimum for fd? I av small change of less than 500k, can I fix it since I will b needing it by 2nd quarter of next yr

The minimum amount is 100k, and yes you can fix it.

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 8:26pm On Oct 23, 2015

ken4jj:
OP,
Are you saying that i can fix something like 700K in FD for like 2 months only and get 7% interest each month? And i thought the minimum time you can fix is 1year. Please clarify. I still do not get it

the minimum tenure for Time fixed deposit is 30 days, while its 7days for Call fixed deposit, the 7% is per annum but later analysed into months or days, depends.
meanwhile, see an example if you were to book your 700k at 7% for a tenure of 30days in the bank.

Amount Invested: NGN700,000
Effective Date: : October 5, 2015
Interest Rate: : 7% per annum
Tenor: : 30 days
Maturity date: November 4, 2015 Value at Maturity: NGN4,027.39:

this is calculated as : 7 divided by 100 multiply #700,000 divided by 365 days(annum) multiply 30 days(tenor) = NGN4,027.39:

Note that the accrued interest is subject to 10% Withholding tax, and if you liquidate before expiration of the tenure, you will be charged 20%.

1 Like

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 4:28pm On Oct 22, 2015*

manie:
No bank will even give you 2% interest in a month, the Aliko Dangote can not even get that for his multi billion Naira cash talkless of someone who few millions to put in a fixed deposit.
The current rate by my bank for fixed deposit is 2%.

2% ke, that's cheat deposit not fixed deposit, this is what i do everyday in the office, and i decided to come here and inform my fellow NL, that a banker will tell u a low interest and persuade you to accept it but meanwhile they can offer you more,
banks know that most customers through persuasion will accept any rates for fixed deposit, as no true business man will focus on Fixed deposit when they know what same money can fetch them outside there,

Banks want deposit but cheap deposit, they know that people will not keep their money at home for security reasons, so why pay them good interest on fixed deposit monthly without a fight when there are still customers with millions and billions in their account with no strings attached(just for saving sake and not investment).

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 4:09pm On Oct 22, 2015

kingsab:
Thanks a lot for this great insight. Not many Nigerians know this.

you are welcome

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 4:07pm On Oct 22, 2015

ogawisdom:
No bank will give u 7 percent per month fd on1m, stop being an idio.t, I wonder d kind of bank dt employed u, when u r empty on basic things like interest rates. Olodo

Only an immature will insult rather than discuss, yet you named yourself Ogawisdom

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 1:29pm On Oct 22, 2015

rev2214:
With this unification of government a/c?

The Tsa implementation affected banks liquidity form as trillions of Naira were pulled out of commercial banks to CBN,
at this stage, banks need to increase their efforts in mobilizing deposits, u must have heard when fidelity bank announced that some of their branches will be opening to customer Saturdays 10am to 2pm or so. Banks need all the customers deposit they can get, so be sure to check among banks to see where you can get good rates for fixed deposit

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 9:34am On Oct 22, 2015

ogawisdom:
It is a fat lie its per annum y can't u give d name of d bank u got the attached leaves. Pls dnt misinform ppl. No bank in d world will give u 7percent per month on less than 1m

If you were patient enough to read through, u would noticed where this was addressed,
Even a primary school student knows that rate is per annum, In fixed deposit, they are analysed into months and at times days( when liquidating Fd before time) in order to get the accrued interest, If you are doubting banks still offer good rate for funds less than 1m, why not walk into an Ecobank branch and confirm,
note that its business for the bank, so they might tell u a low rate at first, but push further and convince them a friend of yours did same Fd in same bank in another location and was given a good rate( use the rates shown in the guide i attached to bargain)

2 Likes

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 10:42pm On Oct 19, 2015

sharpman1:
You've got jokes! The rates are per annum not per month.

Depends on how you look at it, the interest are calculated per annual, which breaks down to per month, then days in some cases(call fixed deposit or customer liquidates before time) as you will be credited the accrued interest for the number of days it was fixed with the bank,

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 10:08pm On Oct 19, 2015

Omonomose1:
please assist me with info on any bank with good rates on fixed deposit , i am currently dealing with FCMB. Tnx

Guarantee trust bank and Ecobank rate seems okay as well.

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 10:03pm On Oct 19, 2015

feelamong:
Bros it seems you are not aware of happening in the money marketm
For your info you can even buy Tbills for as low as 7 days in d secondary market.
Yes you can sell your Tbills if you want ur principal anytime!

who is talking about secondary market here, that's not the deal, the rate is low compare to primary auction.

yes you can sell the your Tbs if you want your principal, but how soon can one complete the process, its still not as fast and convenient as liquidating an FD

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 4:55pm On Oct 19, 2015

feelamong:
rates are still poor..
will rather go for the bonds or Tbills considering tha fact that these rates are 10% Witholding tax deductible

Treasury bills rates are higher, but don't forget your money will be uprooted for atleast 3 months unlike Fixed deposit where you can book for a month,
one can also bid for treasury bills and fail simply because your bidding rates were higher than the CBN stop rate.

Fixed deposit can be liquidated within a short time, if you ever needed the principal amount for something else

it's your choice bro.

2 Likes

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 4:43pm On Oct 19, 2015

Omonomose1:
Op, are you a banker

yes

Investment › Re: A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 9:35am On Oct 19, 2015

moderation2020:
please I heed little clarification.
These percentage is it per month or per annum

its per month, see monthly rate in the attached new rate guide, 1-m , 2-m, 3-m, note that Month is abbreviated as m, and interest rate varies, depending on how many months you are booking for in some cases while in other cases interest rate remain the same in respective of the tenure

Investment › A Thread To Clarify The current Rates On Fixed Deposit In Nigeria Banks(Exposed) by bigfizh(op): 8:27am On Oct 19, 2015*

I was drawn by a thread stating that Fixed deposit rate has gone down as bad as 3%, please note that this is not entirely true, as banks are looking for ways to increase and mobilise deposit which will put them in a more liquid state.

we have two types of fixed deposit which are listed and discussed below:

1)Time Fixed deposit: this is a fixed deposit booked on minimum of 30 days, the percentage are usually around 7% on funds less than #1million for some banks ( see attached), the interest is credited into customers account at the end of the FD tenure, however, a client can choose to liquidate FD before time, but will be charged higher commission usually 20% of the accrued interest because they defaulted( liquidating before the agreed tenure)

2) Call fixed deposit: this are deposits that are fixed for 7 days and below 30 days,the rates are usually around 2.50% for funds less than #1million in some banks (see attached new rate guide) most clients are not aware of this type of FD, however some clients that are aware will rather treat as Time Fixed deposit with better rate and then liquidate before the agreed 30days which is also possible, thus enjoying the time deposit rate, however clients will be charged higher commission usually 20% as against the normal 10% of the accrued interest.

kindly see attached the new advised rate in one of the leading commercial banks in Africa.

Modified 1: note that its business for the bank, so they might tell u a low rate at first, but push further to convince them that somebody you know did same Fd in same bank in another location and was given a good rate( use the rates shown in the attached guide to bargain).

Modified 2: Have you ever wonder why despite the economy situation in Nigeria, Nigeria banks keep declaring increased profit, the reason is they have decided to act more smartly, thus my reason for opening this thread.

Good luck.

2 Likes

Jobs/Vacancies › Re: 10 Things Employees Dislike Most About Their Employers by bigfizh(m): 11:06am On Oct 14, 2015

Okay

Properties › Re: Building A 6bedroom Duplex In A Half Plot (waterlogged) @enugu by bigfizh(m): 10:54pm On Oct 07, 2015

Dubemcapital ,

sent to your mail box

Autos › Re: Car Android Navi System +Rear Cam +Nigeria Map (Premium Quality with Warranty) by bigfizh(m): 9:30am On Oct 07, 2015

Hello Fogman,

please do u have Car Dvd system for Mercedes Benz c240?

how much does it cost and kindly attached variety of pics if you have, so i can select and order

Regards.

Properties › Re: Building A 6bedroom Duplex In A Half Plot (waterlogged) @enugu by bigfizh(m): 6:35am On Oct 07, 2015

dubemcapital:
1,158,000 will handle it with ease depending on the contractor or engineer you choose to use and his work pattern. Thank you

Dubemcapital, thank you.

i will also like to know the following,

1, cost of laying foundation with German floor
2, cost of laying foundation, German floor, and raising blocks up to lintel level of the proposed 4 nos of 2 bed room flats ensuite storey building.

i will appreciate a breakdown summary of the cost from laying foundation, German flooring upto lintel level.

regards.

Properties › Re: Building A 6bedroom Duplex In A Half Plot (waterlogged) @enugu by bigfizh(m): 10:16pm On Oct 06, 2015

Dubemcapital

pls wats the estimated cost of laying a foundation of a 4 flat storey building, 2 bed room each, (2 flat up and 2 down), nature of the land is okay(not damp)

Regards.

Properties › Re: Construction Of 4 Bedroom Duplex In Benin by bigfizh(m): 6:58pm On Oct 06, 2015*

Following

NYSC › Re: 10 Reasons Why Nysc Should Be Voluntary by bigfizh(m): 2:54pm On Aug 25, 2015

Just like most things in life, there are advantages and disadvantages

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