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Technology Market / Re: The Xiaomi Thread Store by Franky826: 9:21am On Apr 19 |
Now as a business man myself I'll offer my 2 cents towards this price reflection with respect to the behavior of this dollar(up and down movement). First of all business is a profit and loss thing. If you think you can only be making profits in business no matter how small, then you my friend is not ready for business. There's no business model built like that. There's a saying that if you don't throw away, You can't pick up. Let me give an instance with my own business. I'm into supply chain. During the price fluctuations there was a business I'm supposed to break even at ₦95, make a little profit at ₦110. To make it clearer I bought these items for ₦2.4M(at ₦120 per item) when the dollar was bullish. As we speak those items are ₦80 per item because the naira is rebounding. Now what is my loss? ₦40x2000=₦80,000. This is a business I'm supposed to be checking my profit but here I am checking my losses. However I understand one thing. CASH IS KING!. I sold off what I had Took the money and bought more stock now at cheaper rate. My business people I believe we have seen the best of Naira performance. If I have to sell again at presiding rates I'll make small profits of course not compared to my loss. I'll buy again then make other profit and in no time I'll recover my loss. This is 1000% guaranteed. But the man that holds unto his stock because he bought at inflated price due to naira performance against USD. You stay with your stock hoping naira/USD does magic. You're cash strapped. You're illiquid. Listen again when money is immobile it's losing value.(Google up). Now I say this with a sincerity of heart. Not to make you all lose your hard earned money. This country is too hard to lose any penny now, but it is what it is. Sell what you have now, I believe if you buy with USD or RMB both are cheaper now. You buy at a cheaper rate now and sell at presiding rates and that's how you recover your losses. It's a matter of time. But how can you recover when you have no cash because you hold on to your stock Again it's my two cents I'm offering and not forcing anyone to follow it. Na food for thought my people. Peace. 🕊️ 23 Likes |
Technology Market / Re: The Xiaomi Thread Store by Franky826: 9:41am On Mar 08 |
Someone needs these phone covers. Anyone that has please reply 1 Redmi note 10 pro 2. MI 11 lite 5G NE 3. Poco F5 |
Investment / Re: Treasury Bills In Nigeria by Franky826: 11:57am On Feb 03, 2023 |
Oga ahib and oga Emma are back? I'm definitely returning here too 4 Likes |
Properties / Re: Journey To Building My Two Bedroom Apartment by Franky826: 12:03am On Oct 09, 2022 |
Bahamas95: I like how you ended it with just your opinion. When you're on a budget, you'll understand even one bedroom flat is a luxury and not easy to build in present day Nigeria. Everyone, i mean everyone is on a budget. If not we all know what's good. Everyone will build and own mansions. 5 Likes |
Investment / Re: Mutual Funds by Franky826: 5:52pm On Apr 01, 2022 |
FBN is 7.5% as at today( from my calculations) Meanwhile are they not supposed to compound the interest today is 01/04/22 Being the beginning of the 2nd quarter. My dashboard is still same. Interested not yet compounded. What's happening? cc emmasoft |
Phones / Re: The Xiaomi Thread. by Franky826: 2:33pm On Mar 08, 2022 |
GrandMufti: Lmao |
Phones / Re: The Xiaomi Thread. by Franky826: 11:55pm On Mar 06, 2022 |
Franky826: Thank you Genius43. Turns out I was the author of my problem. So the poor picture quality I was experiencing was a result of the camera glass and front screen glass which were more like plastic with hazy colur finish. I installed them before using the phone. Gosh! I was at the point of giving this baby out cos it was driving me crazy already. Truly the camera is amazing now and I'm finally enjoying my phone. Thank you bro |
Food / Re: Boiled Yam And Nigerian Fish Sauce by Franky826: 1:03am On Mar 05, 2022 |
pocohantas: TuberHantas |
Travel / Re: Experience My First Racism In U. K From Someone Who I Thought Was My Friend. by Franky826: 2:35am On Feb 21, 2022 |
Ynix: I seriously doubt if you've ever experienced what racism is like |
Politics / Re: Debt Management Office Set To Auction ₦150 Billion FG Bonds by Franky826: 9:03pm On Feb 14, 2022 |
We need a projected 10 year inflation figure so we can know if it's worth the risk. When coupons are compounded in other investment like MMF. Anyone? |
Travel / Re: Beautiful Hidden Lake In Akpawfu, Enugu State by Franky826: 8:02pm On Feb 11, 2022 |
OyiboUgbo04: Wow this is beautiful. Are you a tour guide? I've seen your other posts are about lakes and waterfall which is very beautiful and brilliant. Reply ASAP |
Phones / Re: The Xiaomi Thread. by Franky826: 11:43pm On Feb 06, 2022 |
Thazard: Sorry man, not for sale |
Phones / Re: The Xiaomi Thread. by Franky826: 11:41pm On Feb 06, 2022 |
genius43: Thank you Genius43. Sorry i haven't been online for sometime. I'll do this. Can I send you a PM? |
Phones / Re: The Xiaomi Thread. by Franky826: 3:48am On Jan 14, 2022 |
Please o my people i need help. I just got Mi 11 lite 5G NE. I was previously using MI A3 and still have it. I just noticed that pictures on my MI A3 is way better than the Mi 11 lite,more vivid, more pleasing to the eyes, and screen display is even better. The display on the Mi 11 lite is dull, The pictures on the Mi 11 lite 5g ne looks washed always, even worse at night. this isn't the case on the Mi A3 which is clear and vivid. To think i was upgrading from my Mi A3. It's driving me nuts. Please what do I do to get better pictures on this device? Every other thing runs smoothly. Please help oooo my head is banging. Anyone with any solution please? Genuis43 Grandmufti |
Phones / Re: 5G License Auction: MTN, Mafab Communications Win Slots For $273m by Franky826: 12:19pm On Dec 14, 2021 |
@Adebash100 kindly quote me on a dead thread and say what you want to say. I don't have password to that mail |
Jobs/Vacancies / Re: Share Your Experience Physically Going To Submit Your C.v In A Company by Franky826: 5:58pm On Dec 13, 2021 |
Spared 8 Likes |
Politics / Re: Download The Lagos #EndSARS Panel Report Here by Franky826: 11:47am On Nov 16, 2021 |
AdaNri1: Try reading the report, you might get a glimpse of who actually ordered the attack |
Politics / Re: Nigerians Can Now Apply For Houses Built Under FG National Housing Programme by Franky826: 8:32pm On Nov 13, 2021 |
Maxymilliano: |
Romance / Re: Introvert Vs Extrovert, Who Will You Date? by Franky826: 5:57pm On Nov 11, 2021 |
sisisioge: On what scale did you use to measure these things and arrive at that number? I'll really love to know |
Investment / Re: Mutual Funds by Franky826: 8:42pm On Oct 05, 2021 |
1 Like |
Investment / Re: Mutual Funds by Franky826: 9:07pm On Sep 29, 2021 |
Anyone here using FBN MMF? I can't access my account for 3days now. 2 Likes |
Properties / Re: Cost, Estimate For Building A 3bedroom Bungalow In Nigeria (Detailed Info) by Franky826: 12:11am On Sep 24, 2021 |
princewarri1985: Information is power? What about experience? Anyways you affirmed 70% of what I was saying. All the best. |
Properties / Re: Construction Of 3 Bedroom Bungalow In Badagry - My Expenses And The Progress by Franky826: 10:30pm On Sep 22, 2021 |
Your house is so fine. Congratulations |
Properties / Re: Cost, Estimate For Building A 3bedroom Bungalow In Nigeria (Detailed Info) by Franky826: 9:46pm On Sep 22, 2021 |
princewarri1985: Lol. From the way you're saying this i can notice you haven't built before. Stop calling your classmates, try building bro. You'll be shocked how that 9 million will vanish (and that's on free land o). Unless you want to do normal PVC ceiling and not POP normal cement floor not floor tiles and wall tiles, and galvanized zinc( Cameroun zinc) for roofing, with other small ways to cut costs. Depends on your finishing taste. Then maybe 6.5-7m can complete your work and that's without furnishings. 1 Like |
Business / Re: I Just Got Scammed. Guys Learn From This And Be Aware by Franky826: 3:37pm On Sep 10, 2021 |
People should help and report the app I've already done my part. Sorry to the victims. 3 Likes
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Education / Re: Cultists Shoot Final Year Student Dead At Rivers State University (Graphic) by Franky826: 9:36pm On Aug 19, 2021 |
For people who are still planning to sign their own death warrant in the name of joining cult. Do yourself a favour and read this thread. From beginning to end. You'll be saving yourself and other people https://www.nairaland.com/5207293/story-cult-phase-included#78702949 |
Nairaland / General / Re: My Sister Lost Her Purse And A Sincere Nigerian Picked And Returned It (photos) by Franky826: 1:47pm On May 13, 2021 |
UbChapter:Drop his number or send to me privately. I want to thank him personally too. |
Jobs/Vacancies / Re: How Did You Get Your First Remote Job? by Franky826: 11:50am On May 13, 2021 |
ebubey: Really? You can visit the treasury bills or mutual funds thread. But most especially treasury bills. Seasoned investors there that you can take queue from. Just read and learn 1 Like |
Properties / Re: Behind the scenes in the building industry (collection of funny site stories) by Franky826: 1:31pm On Apr 17, 2021 |
freshvine: You want to solve one problem in this country, you end up creating another one. Sorry dear 1 Like |
Properties / Re: Behind the scenes in the building industry (collection of funny site stories) by Franky826: 1:28pm On Apr 17, 2021 |
Focusmind: Na their way. Making life difficult for themselves and others too |
Properties / Re: Behind the scenes in the building industry (collection of funny site stories) by Franky826: 1:25pm On Apr 17, 2021 |
On a 3 bedroom flat, roof measurements were originally 274m². Contractor said it was 474m². Money has been paid already and roofing completed after it was discovered. On the day for account and reconciliation, we hired another carpenter to do the measurements of the roofing before the contractor came. He came and when asked he quoted same 474m². We said okay we doubt it so we came with our own carpenter to measure the roof. Ọmọ as our own carpenter wanted to climb the roof na so oga contractor break bottle o. Said if carpenter climb roof or dared put a tape on his work he'll stab him to death. Funny enough this contractor is a close person of ours. Na so work take stop and we had to path ways with him. Metcoppo sheets then was ₦2050 for .45mm guage. ₦2050x200= ₦410,000. Fear these people look bros! 17 Likes |
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