Good evening my fellow Nairalander please I need your urgent and candid advice here because my life depend on it.
Last week Saturday I was at Ondo for an event there I met my long time friend whom I saw last 2012.
He is now a branch manager of a popular Microfinance bank in lekki. We talk about business and while talking he told me he can get me over 1Million to start a business but I must pay back within six month.
My problem now is I don’t want to miss this opportunity and I don’t know the kind of business I can invest 1M in this country then realize 2M on it within six months.
Return the 1M I borrowed and still have a gain of 500-1M.
Please my people I need your candid advice on this.

Thanks

Bus or sales that gives daily return

I know your friend won't give you the money so no need to give any advice.
Who gives a loan of up to 1m naira to someone who hasn't got a producing business yet to return the money after 6 months?
If you had said grant,I would have tried to advise you but as na loan,make I save my breath cos I know your friend is playing with you jarey...

Logobenz:
I know your friend won't give you the money so no need to give any advice.
Who gives a loan of up to 1m naira to someone who hasn't got a producing business yet to return the money after 6 months?
If you had said grant,I would have tried to advise you but as na loan,make I save my breath cos I know your friend is playing with you jarey...

let me worry about wether he will give me or not all I need is advice or opinion.

independent1988:
let me worry about wether he will give me or not all I need is advice or opinion.

bring it let's invest in textiles I.e ANKARA dats what I sell in aba its very profitable

meeky007:
bring it let's invest in textiles I.e ANKARA dats what I sell in aba its very profitable

If it was so good/profitable/moneypump,you won't be needing his investment since you would have had your own sufficient capital
And we all know no one shows another business.So why not profit on your Ankara alone?why bring another?I'm curious.
Op if you no sabi business on your own,don't invest in anybody.
It fails ALL the time

You might not take what I post seriously here. Tell your friend one mad business plan. Maybe one agricultural business. Use about 30-40% of that 1M to invest in that agirc business. Business will obviously be slow but tell him with your marketing plan you can do it.

My brother use the remaining funds to buy Bitcoin. Here you are starting big and surely Bitcoin will always rise. Right now is a very good time to invest. Or come clean and tell your friend that you will invest in Cryptocurrency. Just use 500K and keep 500K in case. Your profit will be mad and you will thank me.