What Can I Do With 5,000,000 Naira

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Nairaland Forum  |  General Discussion  |  Business (Moderator: FOD)  |  What Can I Do With 5,000,000 Naira
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Author Topic: What Can I Do With 5,000,000 Naira  (Read 1716 views)
goodbobo
What Can I Do With 5,000,000 Naira
« on: July 05, 2006, 01:59 PM »

presently i am an IT staff of a bank. i have been able to accumulate 5,000,000 naira .
does anybody know any good business moves or idea one can go into with this kind of cash .

charlesn (m)
Re: What Can I Do With 5,000,000 Naira
« #1 on: July 05, 2006, 05:25 PM »

I know. I worked in the banking sector for 4 years and so no real growth in my life. I am presently into entertainment business project that is about taking off. The project is capable of generating at least 12 million naira within the next 12 months with an initial investment of 1 million naira! Apart from this you are going to be a part owner of an entertainment franchise that will generate more millions in the years ahead, you know entertainment is a thriving business industry in nigeria. I am very serious with this and if you want to know more please contact me dakcee@yahoo.co.uk  08036672045 and 08027828605
Mariory (m)
Re: What Can I Do With 5,000,000 Naira
« #2 on: July 06, 2006, 12:49 PM »

Quote from: goodbobo on July 05, 2006, 01:59 PM
presently i am an IT staff of a bank. i have been able to accumulate 5,000,000 naira .
does anybody know any good business moves or idea one can go into with this kind of cash .


Why not invest in stock or property.
Seun (m)
Re: What Can I Do With 5,000,000 Naira
« #3 on: July 06, 2006, 01:13 PM »

Is 2 million naira, $20,000, 8 million naira, or $1-5 million really that different from your 5 million naira?  Huh
iLIKE
Re: What Can I Do With 5,000,000 Naira
« #4 on: September 11, 2006, 08:45 PM »

In the mean time invest part in equity stocks and part in government securities. Continue on your job and also begin to develop business savviness. When you believe you've fully understood business and its myriad facets, the you'll be ready to become an entrepreneur. Then you'll not need to ask what to do with your hard eared savings.
ndbest (m)
Re: What Can I Do With 5,000,000 Naira
« #5 on: September 14, 2006, 06:15 PM »

u don't have to invest all your money into a business at ones. every business has its level of risk, so you must be able to determine the risk-reward level of the business, and you can only determine this by taking time to study a choice business. i suggest businesses like catfish and cassava export. while investing part in the choice business, its good to create a save landing 4 yourself in case of any fuckup by investing the rest in maybe, stocks(its egually a good investment) so that u can have something to fall back on. all the best.
123
Re: What Can I Do With 5,000,000 Naira
« #6 on: September 14, 2006, 06:33 PM »

with the sum of 5.000.000 i wonder why you can not figure out what to do with it ,I have an idea which i could not make public, it has to do with oil bussiness you can reach me adam4biss@yahoo.com
lukas
Re: What Can I Do With 5,000,000 Naira
« #7 on: September 15, 2006, 04:10 PM »

5mil can go along way in solid minerals,like gemstones.Topaz to b precise
am a gemologist and presently me and sm of my frnds registered a company
we also av an export license and we invested sm money in this meeeeen
its a good  bussinez u can give it a try.our patners we xport 2 are sri-lankas
and 2 of my team members are Bankers  Smiley Smiley
luckynzo
Re: What Can I Do With 5,000,000 Naira
« #8 on: October 12, 2006, 07:40 PM »

5 million Naira is a huge amount. You have to be careful. Nigeria had a lot of exportable products. You can carry out a market test and discover products that are red hot in the export market. When you have come up with a product,you find out the necessary requirements and begin exporting.
mimigirl (f)
Re: What Can I Do With 5,000,000 Naira
« #9 on: October 13, 2006, 01:17 PM »

@goodbobo  i am in entertainment world and i know much about it. I have ten tracks of igbo gospel  songs on demo tape. With less than 200k you can produce it. And i also have wonderful already screen played stories that you can work on. I have good contact with KOK , GENE, MIKE OZURONYE CHIOMA CHUKWUKA AND DESMOND ELLIOT. With the set of movie stars on your job, u r above the sky financial. 08022276327
mimigirl (f)
Re: What Can I Do With 5,000,000 Naira
« #10 on: October 13, 2006, 01:18 PM »

@goodbobo  i am in entertainment world and i know much about it. I have ten tracks of igbo gospel  songs on demo tape. With less than 200k you can produce it. And i also have wonderful already screen played stories that you can work on. I have good contact with KOK , GENE, MIKE OZURONYE CHIOMA CHUKWUKA AND DESMOND ELLIOT. With the set of movie stars on your job, u r above the sky financial. 08022276327
drag04
Re: What Can I Do With 5,000,000 Naira
« #11 on: October 13, 2006, 06:49 PM »

hey if you can invest N250,000 for 5months i assure you a 100% return on investment.i reside in lagos my email adress is crooop2000@yahoo.com.i have a contract to supply recycled polypropylene material(p p)used for making plastic.mail me if you need more details.
naijacutee (f)
Re: What Can I Do With 5,000,000 Naira
« #12 on: October 13, 2006, 07:04 PM »

Buy a house in Akwa Ibom State. It is fast becoming attractive to foreign investors as recently, I was watching CNN and there were adverts inviting people to come and invest not in Nigeria but in Akwa Ibom State. Like it's a separate entity.

Make sure it's properly furnished to the standard of European/American homes. You could invest in an interesting feature which most hotels around the area don't have e.g wireless internet connectivity(and be sure to make noise about it!!!)

Make your noise, especially on the Internet and the Akwa Ibom Federal website : www.akwaibomstategov.com, do some research regarding short term accomodation prices and what's lucrative in what area. In fact research is the first step you need to take. Scrap everything I've just said and put research at the top. It's just an idea. Take care and good luck with your 5 million. 
naijacutee (f)
Re: What Can I Do With 5,000,000 Naira
« #13 on: October 15, 2006, 09:52 AM »

What? I thought all you need to print something would be a printer. What would you need N250,000 for again? What's the magical idea?
thebaron (m)
Re: What Can I Do With 5,000,000 Naira
« #14 on: June 30, 2007, 07:44 PM »

Firstly, I want you to answer this question. Do you want to be an enterpreneur? If the answer is yes then you need to evaluate yourself on your level of self knowledge about business. However, I will advice you to invest at least 60% of the money in the stock market. There are various investment plans when it comes to investment in stocks. Do you want to do a short term investment or a long term investment? They both have different rules for investing. You can actually do both. For the long term investment I suggest that you buy blue chip stocks. And you can hold on to it for years and watch it appreciate. For your short term investment I suggest you buy penny stock. But you have to be careful in your selection penny stock.
Then the remaining 40% can be invested in any promising business opportunity that you know very well. Especially one that can offer you the opportunity of residual income in the future. If you want any ideas regarding this then you can e-mail me on anyiampaul2@yahoo.co.uk.
OLUWASEUN.
Re: What Can I Do With 5,000,000 Naira
« #15 on: July 09, 2007, 03:15 PM »

Man ,i will advice you to put your money on shares & stocks  ,because that 's the sweetable investment in nigeria now .


lumcy
Re: What Can I Do With 5,000,000 Naira
« #16 on: July 09, 2007, 05:10 PM »

if u have 5m then am very sure u don't have to come to nairaland 4 advice,because the fact that u can generate 5m means u know how to make money. so think it through
Seun (m)
Re: What Can I Do With 5,000,000 Naira
« #17 on: July 09, 2007, 11:26 PM »

If you search this forum, you will find the answer to your question.
Don't be lazy; don't try to outsource your financial responsibilities.  You can buy a house. Wink
dollyp1cute (f)
Re: What Can I Do With 5,000,000 Naira
« #18 on: July 09, 2007, 11:51 PM »

Quote from: lumcy on July 09, 2007, 05:10 PM
if u have 5m then am very sure u don't have to come to nairaland 4 advice,because the fact that u can generate 5m means u know how to make money. so think it through

Straight on point  Wink
PHEESAYOUR (m)
Re: What Can I Do With 5,000,000 Naira
« #19 on: July 10, 2007, 08:10 AM »

Chis! Start selling dough nuts and plantain chips, it's lucrative enough to the extnt of generating another 5m in the next 5 months
mailstorm
Re: What Can I Do With 5,000,000 Naira
« #20 on: August 07, 2007, 12:02 PM »

HI,
Why not go into SOLID MINERAL AND METALS export, its the in thing now, if you need more information and guidiance, i will be happy to oblige.
You can call:08025764542
otuwe (f)
Re: What Can I Do With 5,000,000 Naira
« #21 on: August 07, 2007, 02:54 PM »

dash me Grin Grin Grin
floxyrangy
Re: What Can I Do With 5,000,000 Naira
« #22 on: November 12, 2007, 01:39 PM »

you do not know what to do with that kind of money? abeg bring it for me I will use it for you.
slim49z (m)
Re: What Can I Do With 5,000,000 Naira
« #23 on: November 12, 2007, 02:50 PM »


Be careful whose advice you take buddy.

This forum is full of wolves Grin
Hotone (m)
Re: What Can I Do With 5,000,000 Naira
« #24 on: November 12, 2007, 05:40 PM »

Mr, see, don't dangle that money for too long in the face of people. you better be sure its only on naira land you have pasted this information. With five million naira, you can leave your job, change your field, and make more money in a year than you've made in your life. I know because I've done it before!
biggerboy (m)
Re: What Can I Do With 5,000,000 Naira
« #25 on: November 12, 2007, 06:23 PM »

come sow the money into my life!!
tufe (m)
Re: What Can I Do With 5,000,000 Naira
« #26 on: November 12, 2007, 06:30 PM »

Quote from: biggerboy on November 12, 2007, 06:23 PM
come sow the money into my life!!
My brother you talk am well, make that bros come invest am for my life to.
afam1
Re: What Can I Do With 5,000,000 Naira
« #27 on: November 13, 2007, 11:57 AM »

waooh,   5million naira.

i will simply advise that u invest the money in   amutual fund like discovery fund.

check this out   www.arm.com.ng/agf

or contact  afam on 08038673022
emal (m)
Re: What Can I Do With 5,000,000 Naira
« #28 on: November 17, 2007, 02:14 PM »

If really you are serious, contact with my email   dakwe01@fastmail.fm
It cannot be a public thing.
adebisi1 (m)
Re: What Can I Do With 5,000,000 Naira
« #29 on: November 17, 2007, 02:51 PM »

Friend i am highly intrested on entertainment business my name is bisi i live in turkey but hope to come  back to nigeria soon and invest my money i have been looking up to have an entertainment Contact ,but i don't realy know how to go with it ,i will be very happy if you can put me through this and not scam  plz i am for real i am sorry to say this i will like to get to know you more kindly tell me more about ur self from ur reply mail .

Hear from you soon .

Thanks

bisi
Dorcasde (f)
Re: What Can I Do With 5,000,000 Naira
« #30 on: November 19, 2007, 06:06 AM »

Hey, start shuttling between China and Nigeria for business, importation business. Think of the Nigerian market and your area of interest. If you want to give it a shot,  you can start with about 1.5M. If you're interested, hallo back at me on dorcasde@yahoo.com. You can also buy some shares.
tayog (m)
Re: What Can I Do With 5,000,000 Naira
« #31 on: November 19, 2007, 07:05 AM »

Why not do a research to uncover those silent but money-spinning businesses. Could take someone who is versatile and dog-nosed to help you discover your dream business. Go, look for that friend.
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