What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? - Career - Nairaland
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| What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by nashito(m): 8:50am On Feb 03, 2018 |
I've just been granted a loan of 1 million naira from my uncle, please dear Nairaland family what kind of business can I invest with the money, I reside in Lagos. I was looking into opening up a little Boutique, but I still need wise business ideas from you guys, thanks. |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by Colleverage: 8:54am On Feb 03, 2018 |
Hello young man you can invest half of it in mutual funds and the other in farm crowding those are sure safe ways to invest your money Although the entrance fees required are quite high perhaps you can join my pool of investors with no fees or commission charges call me 08032773199 so we can talk some more |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by Nobody: 8:56am On Feb 03, 2018 |
Beer parlor. Free fridge from Goldberg. Cook your catfish.that's where the money is. Or assorted. Or kpomo. Looks local but money dey there. Because people must drink and watch football. 1 Like |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by Darkseid(m): 3:24pm On Feb 03, 2018 |
cummando:Beer palour no dey move like before again, na who chop belleful go look for catfish. Most hardcore drinkers wey I no know don quit, some claim that they repented but I know say na money finish for pocket. 1 Like |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by Fxmanager(m): 2:10pm On Feb 04, 2018 |
nashito:This Is Our #1,000,000 Aggressive Account Compound Interest Investment Plan For You Your #1,000,000 can currently give you an average of #100,000+ monthly return investing with us in the aggressive account after performance fees. And if you want an average monthly return of more than #30,448,164+ after 60 months(5years) of your investment with us, you can do so using compound interest in your investment with us. This means after 60 months(5years) of your investment with us using compound interest, you will be getting an average monthly interest/income of more than #30,448,164 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 10-20% of your capital, and the maximum permissible risk of 40% to your capital. Note: we are doing everything possible to stay under 20% risk to our potential investor’s capital. At 10% average monthly returns using compound interest without withdrawing funds from your account, your #1,000,000 will grow to more #304,481,640+(304million plus) in 60months(5years time). How is it possible to turn #1,000,000 to #304,481,640+(304million plus) in 60months(5years time) with 10% average monthly return? It is possible through the power of compound interest as explained below. Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward) Monthly compound interest formula We are using monthly here ,since we are talking of monthly returns. The formula for Monthly compound interest, including principal sum, is: A = P (1 + r/n) (nt) Where: A = the future value of the investment, including interest(returns) P = the principal investment amount (the initial deposit amount) r = the monthly interest rate(returns) in decimal. n = the number of times that interest is compounded per month (in this case once or one time) t = the number of months the money is invested Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this: Total compounded interest = P (1 + r/n) (nt) - P Or simply Total compounded interest =A-P Let's look at an example Compound interest formula (including principal): A = P(1+r/n)(nt) If an amount of #1,000,000 is invested with us and we return a monthly interest rate (returns) of 10%, the value of the investment after 60months (I.e 5 years) can be calculated as follows... P = #1,000,000. r = 10/100 = 0.1 (decimal). n = 1 (since we are compounding it once a month. t = 60. If we plug those figures into the formula, we get: A = #1,000,000(1 + 0.1 / 1) ^ (1(60)) = #304,481,640 So, the investment balance after 60 months (5years) is #304,481,640 Methodology Step-by-step explained, how we get the #304,481,640. This all revolves around BODMAS and the order of operations. Let's go through it: A = #1,000,000(1 + 0.1 / 1) ^ (1(60)) Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(60). This gives us... A = #1,000,000(1 + 0.1) ^ 60 Then: A = #1,000,000(1.1) ^ 60 The exponent goes next. So, we calculate (1.1) ^ 60. This means we end up with: #1,000,000× 304.48163954141809957444929536028 = #304,481,640 You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period. We have the best currency trading team here to assist you in building your #1,000,000 to over #304,481,640 in 5years (60 months) (you will be getting an average monthly interest/income of more than #30,448,164+ assuming you decide to start withdrawing your monthly interest after that) and helping you live the life you deserve even without a job. You can give us a trial. This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 10-20%+ monthly profit on your savings/investment in our aggressive investment plan. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. Deposits/withdrawal are 100% controlled by the investor (We only have access to trade your account through the trading platform and not given access to withdraw). You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 10-20% risk and maximum permissible risk to savers/investors capital is 40%. Visit the link below. https://www.nairaland.com/4265102/currency-trading-journal-avg-5-10 Visit the posts below to learn how to avoid scam and fraud. Learn to check and get the regulatory body's website to verify any company's regulatory status. https://www.nairaland.com/3925379/investments-anti-scam-fraud-guide https://www.nairaland.com/3931027/4-ways-avoid-investment-scams
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| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by xfire: 2:37pm On Feb 04, 2018 |
nashito:Boutique is a nice idea. You can open a barbing salon or restaurant too at a good location, though barbing salon might be the cheaper option. If the shop space is big enough, you can combine it with hair making salon for females. |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by Ademat7(m): 1:35am On Feb 05, 2018 |
OP invest in the sector that you have deep knowledge of by the way what is your profession? |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by nashito(m): 12:51pm On Feb 05, 2018 |
author=Ademat7 post=64795193]OP invest in the sector that you have deep knowledge of by the way what is your profession?[/quote I studied History and International relations |
| Re: What Kind Of Business Can One Invest With 1 Million Naira In Lagos Nigeria? by Ademat7(m): 1:42pm On Feb 05, 2018 |
nashito:find an aspect of ur profession u can commercialise 1 Like |
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