₦airaland Forum

.

Front page please.

Cement has increased.

Stop reporting only one sided stories.. This affects all of us. Marketers money have been swindled and embezzled..

Nigerians cannot buy cement at N1900 again..

Very good story.

I am still looking for that breaking point.

NetBizguy:
Hello Tycoons, Good day, please I need advice here

I needed to start a business with 400k but I don't have a Shop, If i have to rent a shop I would need to pay at least for 12months 20k x 12 = 240k and I will be left with 180k now less than I would need to start the business.

Now I was thinking of how to get money to do this I don't have anything to use as a collateral if I decided to take a loan from Bank, so I came up with this Idea.

Get a Loan from Bank and Buy a shop you would Use as a Collateral for the loan.

I will take a loan from the Bank and buy the shop (it automatically becomes mine) they (Bank) now take the documents as collateral until I'm able to finish paying back the loan.

SO I don't know how possible this can be. but if possible; I know its a good calculated risk, because at worst (If business fails) just as in every business I lose just capital(400k), then bank will sell the shop and recover the their money.

Secondly, it a business I must start with 400k the return could be 200k monthly.

What do you advice me?
How possible it to get this loan? Thanks for you advice and suggestions

When I saw this topic, I thought it was a joke.

A brief breakdown of your costs when you start off.

1. N20, 000 rent.

2. N Interest on bank loan to rent shop

3. N Interest on bank loan to purchase goods/ stock.

Now who tells you that once you open a shop that business starts rolling in profits ? Banks don't finance start ups too.

You may not even cover up to N20, 000 Gross profit in the first month. Be careful or just take your money and place it on fixed deposit. You have much to learn..

https://www.nairaland.com/1981256/new-cement-price-marketing-strategy


https://www.nairaland.com/2052055/increase-cement-price-starting-monday

We have no Consumer Protection Council in this country..

.

Omexonomy:
In my archive i am having pictures of over 5000 places of lagos that you will think you are living on refuse dump. When i tried to post it, it was quickly deleted by a mod with itchy fingers so as to hid the shame of lagos. I hope i will nnt be ban for these.

I laugh in Swahili..

175:
Dangote what's wrong with thou? Cement is now 1745 from your factory. . .as in direct from your factory! Dealers are now selling 1800, 1900 and even 2000 naira as retail price! Which way Nigeria?

The price cut lasted for only 6 weeks and most people did not buy at that slashed price. Yes I didn't because we were busy trying to sell off old stock at a loss.

He is reaping from distributors pocket.

Because by January 2015, latest by February, there will be another price slash lower than the previous N1,308. He is taking us for a ride..

SuperModerator:
if you don't know anything about economics, please keep shut.
it is not by force to comment

Yes sir, you know economics online..

We know what works..

Adminisher:
Jonathan cannot manage this. He is a coward. Billionaires need to be taxed and Senator/Reps salaries should be reduced. The corruption in the Military should be stopped and number of ministries should be reduced by 100%.

I was reading with rapt attention the newly introduced taxes on luxury goods. It was typically faulty like every other thing in Nigeria.

How will they tax a luxury good only once at the point of importation while one single individual in this county has about 4 private jets which he will keep using for the next 20 years without being taxed ? Does it make sense ?

These type of goods, private jets, yatches and luxury cars should be taxed annually to the tune of 2% of their import or purchase value. If resold, the new buyer will be taxed at the resold/ purchase price.

This is how it should be.

Buy a $50 million Gulf stream jet. At N170 to dollar which translates to N8.5billion.

Pay 2% tax to Government every year for owning such a luxurious item. That is cool N170 millon to govt coffers. The owner's eyes go open.

If the Private jet is resold at N3billion to a new owner. Then the new owner will be paying 2% of the resell value to govt, that is N60million per annum. That way every one is happy

Okonjo Iweala has many ways of making money for Nigeria but she doesn't want to do it. She should know more than this. Someone shouldn't go and steal government money freely and splash it on luxury cars, private jets, yatches and mansions. He should also know that he will be forfeiting part of its value back to government..

America is rich because it taxes its wealthy elites to run the government. She has lived there many years..

wordcat:
Walahi! I wish the thing go fall reach $10 per barrel

Me too, watching the legislooters from on top my banana tree..

rozayx5:
the Oil price keeps crashing
Nigeria on the brink

Cramjones on the brink..

Good for Nigeria..

Answers to prayers..

abeautifulchick:
Thats where intelligence come in.I dont believe in insults,i believe anyone can get his or her points across without bantering words because at the end "ITS ONLY THE POINTS THAT ARE NEEDED NOT THE INSULTS.
Thats what we call "CONSTRUCTIVE CRITICISM".
Cheers all thesame.

English..

nationwide1:
Only a sincere and honest man can speak like this. May God who gave Solomon the wisdom to rule also give our president the needed wisdom to govern Nigeria.

Amen and also the Wisdom to fight corruption and jail looters of government treasury..

princetigris:
Which way nigeria?

Are you the owner of Sambisa forest ?

Oil refineries should also be sold.

I am sure some of these moribund government corporations were almost sold in the past but personal interests and labour generated controversies stalled them..

I wish they could contract NNPC to a foreign oil company like Mobil Unlimited.

Majority of Nigerian officials are just destroyers and value eroders..

U

AdeniyiA:
chaiiii.... the president is in trouble, can you see your life outside "if ordinary pencil runs against you people will vote for it,?
chaiiiiiiiiiiii..... i don die finish

But it has an element of truth. Nigerians are suffering.

Politicians are.looting.

Buhari has so far ran an issue-less, emotion-driven campaign..

He lacks content and has not defined what he is coming to do if elected as President in 2015. No action plan

The only thing that pains me in the current leadership is the large scale of looting of government treasury and nothing happens..

I don't believe Buhari has anything better to offer than using EFCC to pursue thieves like Obasanjo did. Creating unnecessary media hypes that produce no results at the end.

Smh.. Most Nigerians are empty people..

Will it increase my account balance ?

O boy, iwe nah ewe mu.

Adminisher:
What of Brazilian hair, Smart phones, imported jewellery, imported cosmetics, designer clothes and shoes?.

I still feel the tax on luxury goods is not enough.

Why tax them only at the point of entry ? Which means the already existing private jets in the country which one person owns up to 3 or 4 won't get taxed. To me, this is faulty.

Such items should be taxed yearly, annually. America makes a lot of money by taxing the wealthy Americans and when you evade such tax, you go to jail, no remedy.

It is only in Nigeria that a rich man does not goto jail. A hen or phone thief can be sentenced to life in prison but a pen robber who diverted govt money to the tune of 20billion naira will be given one month in prison or an option of ffine of N250,000.

We all know that embezzlement is not corruption.

This brings me to luxury cars, which brands will our lying officials consider to be luxury cars ?

O God, when will I chop Nigeria's oil money ?

donphilopus:
Here's a picture of the All Progressives Congress Presidential Candidate, Gen. Muhammadu Buhari standing with Osibanjo's (VP's) Spiritual Father and GO of the RCCG, Daddy E.A. Adeboye!

When he had arthritis in 2008 and went for prayers.

Stop circulating stale news..

Samchelsea:
I have viewed this pix over and over again and still I don't get the whole idea of what its all about

Because it has poverty written all over it.

Jokes section please..

Blackchampion:
Husband number what?

The woman of Samaria !

TheRealMrStan:
http://www.pmnewsnigeria.com/2014/12/18/bbc-award-nigerians-failed-me-enyeama/

I can remember I voted for you.

Did you advertise it on Facebook, Nairaland and other Nigerian sites ? Or were you shy about it ?

That is what matters.

kowema:
Lol......That tin dey work pieces o

What ailments does it cure ?

stagger:
How many poor people can give up to what Bishop makes from his oil bloc on a daily basis? When I see such posts, I am maddened to a degree where I could rip off someone's throat. How much money does a poor person have? So people who live on less than $1 a day are responsible for Bishop's net worth right?

Either you have buried your commonsense in the sand or you are just plain dumb.

Bros, " Big Bishops and their wives " have accounts in Naira, dollar and pounds sterling.

People like you and me pay into these accounts daily( Prophet seed ) Don't ask me how I knew.. The money dey big.

It is called GOODWILL, oil well or no oil well..

Imagine you opening account with bank A and you never deposited N1 in that account, but the daily depositors are up to 50 people paying in daily. All you do is withdraw.. Haha.

rozayx5:
Just a handshake and The Man of God turned my Big bros life around

Tell me how e take happened ?