Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,780 members, 7,817,244 topics. Date: Saturday, 04 May 2024 at 08:40 AM

Money! Money!! Money Everywhere - sunkanmi Vaughan - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Money! Money!! Money Everywhere - sunkanmi Vaughan (459 Views)

There's Money Everywhere / Money Money Money (2) (3) (4)

(1) (Reply)

Money! Money!! Money Everywhere - sunkanmi Vaughan by AnonymousIP: 9:40am On Feb 11, 2018
The economic data of 2017 released so far are mind-blowing!Too much money everywhere,especially in 2017 . Yet, for many, the same year 2017 was their best year of complaints because they allowed themselves to be caught up in the 'noise of the market' and got distracted in the process.

As the economy is expected to grow by about 2.1% this year 2018, which coincidentally, is a year preceding the major election year,there will be even much more money in circulation in 2018 than 2017 and your job is to ensure that some of the huge funds stick to your palms.I will explain.
 
Nigerian Stock Exchange:
 
Just in the first month of this year,while the mainstream media was characteristically 'selling bad news', the Nigerian Stock Exchange became the best performing stock exchange in the world in terms of returns to investors.In the first 3 weeks of this year,investors gained N2.6 trillion naira(equivalent of $7.3 billion) and the total value of the shares rose to N16.15 trillion,the highest in the 57 years of the exchange. You must take a deep reflection and henceforth take cover from the 'bad news gang' if no penny out of the $7.3 billion made by investors in those weeks stuck to your palms.

 
Investment Announcement in 2017:
 
The total amount of investment in the economy in 2017 is a staggering $66.36billion(equivalent of N23 trillion) with most of the investors from within Nigeria. They accounted for 16% of the investment followed by the tie between USA(15%) and Norway(15%). Strangely,China,despite the increased consumption of Chinese products by Nigerians, was number 4 and sadly, India didn't feature as a prominent investor in Nigeria at all. Against the run of the mill,a state which was reportedly in the news for bad reason of herdsmen attack and none Oil producing state,Taraba state, got a huge chunk of investment last year, ahead of my state,Lagos state,and other economically vibrant states like Ogun and Anambra states.Definitely,something is cooking in Taraba.
If you are too busy complaining and not investing again this year, I mean if you are not taking positions that can make the returns stick to your palms.The reality is that others are sowing in the economy and except you join them now and leave the pity party, you will be empty handed when the reaping time comes.

 
Record-Breaking Total Value of Banking Transactions in 2017:
 
Nigeria's payment channel transactions hit an all-time high of ₦86.1 Trillion in 2017 according to the data from the National Bureau of Statistics. This is a 32% increase from the total transaction value of ₦65.1 trillion.
Total transaction volume for the year was a whopping 1.4 billion, a 58% rise from the same period in 2016. Going by the value of the transaction

POS transactions increased the highest gaining 86% year on year closing at ₦6.4 trillion.
NIP transactions had over 65% of transaction value at ₦56 trillion. It rose by 47% year on year, indicating a resilient and dominant preference of payment for most Nigerians.
It also shows Nigerians still prefer to make transfers via internet banking portals.
Mobile payments also had a strong showing, growing by 46% to close the year at ₦1.1 trillion.
A lot of venture capital funds have poured into the mobile money space in recent years as startups hustle to tap into a growing but yet underserved market.
These transactions include yours, the question now is "what are you spending your money on? Assets or liabilities?                                                                                                                                                                                                                                                                                                                                                              Stable and Rising Crude oil Earnings.
According to news report of oil earning by Nigeria in 2017, the nation raked in a whopping $7.3billion. The earning from petroleum is expected to increase this year with the resumption of crude oil export from Shell's Bonga Field and others in the Niger Delta amidst rising Oil prices in the international market.

The implications of this is that the government will earn more and consequently increase its spending this year. Incidentally,three economic priority areas have been announced and it will be wise of you to take position in these three priority areas; Oil and gas, Transportation and Agriculture, Manufacturing and processing.
With increased earnings and the reputation of the present government as a prudent saver, the foreign reserve will rise above its present $40.4 billion announced by the Central Bank of Nigeria on January 8, enabling the government to support it's national currency against forex fluctuations.
This is good news to importers and exporters and I encourage you to start considering going international in your business this year especially if you missed out of the windfall in 2017.
 
So what must change for you to enable these monies everywhere to stick to your palms? Change your mindset,get the right business information,execute and be persistent.
This year 2018 may yet be the beginning of the best of your years ahead.
Good luck.
 
 
Sunkanmi Vaughan is the host of ‘Bizlifelines With Sunkanmi Vaughan’ on radio and author of the most comprehensive business opportunity handbook;  ‘1000+ Practical Business Ideas and Directory of Money Sources’

Re: Money! Money!! Money Everywhere - sunkanmi Vaughan by Flexherbal(m): 1:01pm On Feb 11, 2018
The money go reach our side this year.

(1) (Reply)

MMM Founder, Sergei Mavrodi, Dies Of Heart Attack At 62 / Topbuzz Accounts Available For Sale / Bitmex Traders Get In Here

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 23
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.