₦airaland Forum

good match, they were lucky to have conceded only 2 goals, YNWA!

AjanleKoko:
I agree 100%. The interest rate fluctuation is too bad even.
Only people who don't know what to do with their money immediately put it in fixed deposits. It's no investment.

hmm, our Oga is here! Yes sir, inflation may be too high and rates very low but it's better than loosing the money, so as you said, it's good for people who are not on ground to monitor their money put in other forms of investments which go into stories more often than not!

thuao:
Try a CBN registered microfinance bank. I currently fixed .5m with one for over a yr now @ abt 10% pa @ the end of evry mth I get abt N5208, so with your money, you can get a better rate. I fixed it wit GTB in 2009 at 10% but around dec 2009 or early 2010, they lowered their rate to abt 2.5%. That was when I changed to a microfinance bank. I think the key is, your money I'd needed in microfinance banks than in commercial banks. Anytime I go to the bank am highly respected unlike when I m wit GTB. 

I like the highlighted part . Bro, the thing here is risk- in investment, the higher the risk, the higher the return. While it may not be always true but there's a very high probability that it will always follow that pattern. It's riskier investing your money in those micro-finance banks than the known commercial banks, so they will like to keep you attracted with the higher rate. Enjoy your rates but please keep your ears and eyes to the ground, have a trusted insider and lest i forget, enjoy your kingship too i hope they serve you some coffee whenever you come around

ogrin:
@iykeD, Thanks for your contribution, but what i am not cleared with in your post is the time frame for this rates u quoted. 30day, 180 day or 1year. Pls do clarify. Thanks.

@ogrin, sorry it's 30day-rate.
@Grassroot, 11.49 is a good deal really, i wish i had such money at hand right now Nice one! Do those guys handle online transactions, i have a guy who may like to make such an investment, please let me know.

@Grassroot, you have a good point there, i also doubt if the firms are all covered in case of default or bankruptcy. How much coupons do the FG and State bonds pay? The rates are very low now i agree, I did reap from some of the banks some 2-3yrs ago when interests were a bit high, at least i did 12% with GTB and 11% with Zenith.

As for the rates, i had a good(well relatively) offer from Finbank last year of about 5% and i invested for about a yr, i actually instructed my contact there to liquidate in July when i heard rumors that CBN were going to withdraw their license or whatever was their plan.
GTB's rates are very low, i think about 2%, quite low if you ask me but it's better than losing the money in some get-rich-quick schemes or all these fake land deals going on.

I also heard that Zenith bank's rates for 500k-1.99m is about 2.5% and 2m-5m, 3% and 3.5% for 5m and above, still very low i think but if Nigeria had good infrastructural development, it is good in a way as it will force people to put their money into production and create jobs rather than lodge the money in the bank but running biz in Nigeria is very costly, though i hope things change for the better soon.

Grassroot:
@UncleJJ, FD are based on compound interests (if you rollover) but just some clarifications

the interest is per annum and not 30 days as it might look in your calculations (maybe that wasnt your intentions). For the first example, the actual amount u'll get after 30 days on 5M at 4% is 200/12 = N16,666, then you rollover the amount and apply the 4% rule and divide by 12 to get the interest for the following month. You see, FD is not a very attractive investment, and these days its rare to have rates up to 4% for 5M. Most banks would give you btw 2.8-3.5%. Like someone said, FD is just for keeping initial investments.

Exactly, he must have ignored the rolling periods and i also agree with you, it is no longer attractive in Nigeria as i heard but i think there are some other institutions that can give one a very good deal as the lady mentioned above. Having said that, he has a good point, i love the power of compounding! As it is said, it is the best thing that has happened to Finance. It is not surprising that, $1 deposited about 2000 yrs ago at a modest 7% interest rate is worth more than the wealth of all nations put together today(present value). What it means is that time is essential to the power of compounding, you reap more from it when you invest for a longer period of time, little wonder, wealthy individuals(millionaires and billionaires alike) prefer to bequeath wealth to their grandchildren rather than their children. My signature says it all!

NnamdiN:
Complete d house in my maternal hometown which 4 of my uncles put together couldn't n wud never complete unless a supernatural miracle happened

You got some jokes bro!

Government bonds are less risky than corporate bonds but that does not mean it is totally risk-free. Argentina defaulted some years back and Greece is on the verge of defaulting, how much more Nigeria. Having said that, you stand to have less problems and headaches investing in Government bonds if you are the risk-averse type of investor!

Thanks but the property is needed in Lagos!

Still waiting please!

Thanks a lot, I know Ogba very well, where in Ogba pls, what street and what is s&s? Is it detached duplex?

I think you should compare the models for both years, comparing EOD with 01 camry is an insult to EOD, remember how that car generated dust in naija when it came out. What it was to guys back in da days is what Blackberry is to ladies today! No insult EOD pls! Really i think you should go for Honda, i have used it in the past and it was great, toyota too is cool but i am talking from Experience!

Do you know if he even has enough money to make calls. All these una contact me here and there, why not share your info here, you never can tell, it might be of benefit to other people.

Thank you for your response. What is the state of the house, where is it located and can you upload some pics? If it is private which i see no reason for, i can send you my email add. Please let me know as i am interested!

@grandster, It was nice speaking with you the other day. I will send you my email now, i have been pretty busy

Happy birthday to the best outta Naija! Wishing you many more fruitful years ahead.

Bad move IMO! Other terrorist groups will now start springing up so as to be relevant too and be begged by "OBJ". I foresee a "fiercer MEND" blowing up not only the Niger-Delta, but the whole Country this time around!

@gangstar, i tried calling you today but couldn't get through. Was your handset switched off? Let me know the best time to get you

oh i see. Ok then i will contact you, i am not around to inspect but someone will.

@gangster, do you have pics of the said houses?

Ok, thanks, i will get across to you ASAP!

Saudi? Haaaaa! Sharia!

Thanks whyky, is it possible to upload some pics? What are the features of the house, papers? I will get across to you.

Thanks for your swift response. Please where exactly in Oworo, hopefully, it's not at the water-logged area. What are the facilities in the house? Are you a Realtor or a direct seller/owner? Please drop your contact details!

very cheap? nah

A decent 3-bedroom bungalow is needed in a relatively good area by a close family member. Budget is is about 6m (depends). If you have any, please state full details here with pictures if possible and your contact details. No games please cos everything will be fully investigated!

Hmmmm Love and Money!
OP, don't you have any means of generating income to take care of your financial needs yourself?

claremont:
Even if you do the test tomorrow and it turns out negative, don't get your hopes up. It may still be positive 6 months later, life is unfair!

You are not good oh, you want this dude to commit suicide in an accelerated mode hehehe, funny
@OP, calm down! You are fine and don't go making Nigeria 1 less of 150million or is it 160 now?

Stoke 1- 3 Liverpool
YNWA!

owobokiri:
When will this man die so this country can have some peace?

lolz