Demmocrats:
Ok should I remind this dudes that we are not in transformation administration but in change administration.




I smell some dudes getting fired



Sai Buhari

This is how most pple live their lives as slave. They are always afraid of loosing their job and so they end up suffering all through their working years.

charlsecy:

Something must be wrong with the words in bold.

There are banks everywhere, go and confirm for urself. Go to the marketing department in any bank and ask for their current fixed deposit rate

dantti2006:



Sorry wrong choice of word. I actually meant to say one of the top banks in Nigeria. And people should stop exhibiting their ignorance on financial matters. Interest rates for commercial banks are guided by the mpr. Last time I checked mpr was @ 15. In macroeconomics u increase mpr 2 draw excess cash outta circulation to stall inflation. CBN's drastic measures lately have looked harsh because we have no finance minister to balance the equation with a well thought out fiscal policy. Those claiming to have gotten interest rates as low as 1 to 3 percent should indicate the bank in question, let's know if it's a commercial bank or a microfinance bank. Please let's not pass misleading information here that harms the public image of the banking sector at large. And lastly do a proper research on Marco economics and how it affects banks before coming to make baseless assumptions here. Even normal saving account in banks attract an interest rate of 2 percent per annum. Lastly it's worthy of note that all interest rates whether for deposit or loans are per annum except when it's compounded for sake of customer but if I tell you 10 percent it's actually 10 percent per annum. We can use compund interest to give you an exact figure of what your earning on that 10 percent will amount to in let's say 30, 60 or 90 days.

U have spoken well but ur statement lacks confirmation. Go to FBN, any branch close to u and check out things for urself.

It's like shrine. I ain't drinking from it

Empty hen na yeye pple are spam messages

It actually a good tin that their lives turn out well. From grass to grace. May God bless all our hustle. This is my prayer for all nlders

omonnakoda:
Manufacturing

How does one invest in manufacturing ? Please explain how a lawyer with 2 million naira in the bank does this and what product specifically?

pure water business even if you dont want to start with producing can water is still expensive. 2 million naira wont take you anywhere except you want to rent a building and just buy the machines and start production. you still have to register with NAFDAC and CAC. i am about to start one and my budget is around 7 million but in my own case i will buy my land and build factory.

Activa:


CBN does not fix the interest rate on fixed deposit for banks. It only sets the MPR and banks take a cue from there.

How do you 'monitor' your fixed deposit accounts?

Were you at the branch or the head office when the news came?

Now to other issues.

Given the current inflation rate of over 9%, the rates you've quoted aren't possible. If those rates happen with the inflation rate like that, the 'savings' side of the income equation will collapse.

If everybody spends his money what do u think to the bank's ability to lend?

Conclusion: the story you've written here appears fake.

It's not fake, thank God today is Monday. Do the needful, visit ur account officer and then u will know it's not a fake news

murphyrichy:
@Op, are you sure of this? I donbiliv it. somebody should please make an enquiry.

i am very sure of it, i was at the bank today when the news came. you can confirm for yourself by visiting any bank of your choice

I think the whole essence is to discourage saving so that there will be more money in circulation.

This is serious

I was at the bank this morning to monitor one of my fixed deposit accounts and also to open another one when a news came to the bank via their mailing portal that CBN as changed the fixed deposit rate for all deposit holder.

The interest rate for deposit between 100k to 50 million is now 2.5% for 30 days and 2% for 60 days and above. For deposit from 50 million and above is 3% as against the 10% ihave been dealing with the bank.

I don't know if this is the same for other banks but i think it is bad news for Fixed Deposit holder.

Please i will want our financial analyst here on nairaland to explain the implications of this decision on the economy.

I left the bank feeling very bad.

Mine is showing the same tin. But i always ignore the message

This is funny, I can sometimes relate to this

Na only for nairaland person go spend mb paste joke online and nobody go like or comment. Wahala dey oooo

Guy it's normal, especially when u love her. Even over the phone, I get high sometimes

Mirror

Some ladies can be stupidly jealous. I can't just imagine my girl picking my call and insulting the caller without knowing who she is. Anyway, with 360 app lock, nobody can pick my call except me. # embracetechnology

Pls the post and location are very important

Jessman007:
Please what time is it starting and when is it ending

It starts 5 but i don't know when it will end

Chikare:
Me too, I got the message this morning
Please, what is it all about?

It's an appreciation concert organized by glo for their subscribers in Port Harcourt. They invited top entertainers to entertain us. The venue is 98, stadium road Port Harcourt.

emiblaze20:


Ok i stay at PH town, creek road to be Precise... How do i come back.... Or are We allowed to stay at d venue until mornin

Just found your way rumuola or airforce. U can get taxi going to stadium road from there. As for staying till dawn, i have no idea

Chinda, 08058094194

Yseone:
I was invited too...twice

I think it will b a good and a Bubbling one

I just got invited to glo slide and bounce concert in Port Harcourt holding at AZTECH Arcum Hall, 98 stadium road.

I think this is the first time I'm getting free thing from glo after 9 years of being an active subscriber.

Who else got the invite?

Mumu

Raymondluv:




pls is the spirit fm still working

Working perfectly. I used it on my TECNO P3

Wow, this is great. HTC paved the way for tecno and their co to my life easy for everybody.

Glo 2g network Shut down this afternoon and the network is still down.

If your phone is 3g enabled, you can switch to 3g while they rectify the problem

This is kul and fun