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Nairaland Forum / Nairaland / General / Business / Stop Lending Money To People In Naira (35122 Views)
How Can I Stop Lending Money To Friends And Family? / Ugandan Bank Accused Of Lending Money To Dead Man / Should I Stop Lending People Money? (2) (3) (4)
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Re: Stop Lending Money To People In Naira by chrisxxx(m): 6:42am On Nov 05, 2021 |
No be small |
Re: Stop Lending Money To People In Naira by dwana91(m): 6:44am On Nov 05, 2021 |
Nice we are in same stand on lending BiafranBushBoy: |
Re: Stop Lending Money To People In Naira by EstatePropertyP: 6:44am On Nov 05, 2021 |
This is also the reason we have some of our most expensive and luxury properties pegged in dollars. 5 Likes |
Re: Stop Lending Money To People In Naira by rajiedreez: 6:44am On Nov 05, 2021 |
Its not that it sounds unpatriotic, its unpatriotic and wicked. 2 Likes |
Re: Stop Lending Money To People In Naira by redcliff: 6:46am On Nov 05, 2021 |
kinglee007: dollar would never fall to the point where naira becomes better. not in one lifetime. 1 Like |
Re: Stop Lending Money To People In Naira by omonla10(m): 6:47am On Nov 05, 2021 |
In same way, its better to be owing banks than to pump ur money into savings acct.. I borrowed 4m from sterling Bank like 10.months ago.. And now I'm paying back monthly in naira regardless of d loss in value.. Na bank go short 9 Likes |
Re: Stop Lending Money To People In Naira by Oludara202: 6:48am On Nov 05, 2021 |
Like I didn't make much sense when I told my colleagues that salaries should be negotiated in USD 1 Like |
Re: Stop Lending Money To People In Naira by helinues: 6:48am On Nov 05, 2021 |
And what if Dollar rate fall like paw paw? |
Re: Stop Lending Money To People In Naira by Mtmike(m): 6:50am On Nov 05, 2021 |
Wahala for who dey save in naira o |
Re: Stop Lending Money To People In Naira by SavageResponse(m): 6:51am On Nov 05, 2021 |
omonla10: I hope you know that they may increase the rate of your interest 3 Likes |
Re: Stop Lending Money To People In Naira by Kobicove(m): 6:51am On Nov 05, 2021 |
I already adopted that policy long ago |
Re: Stop Lending Money To People In Naira by kenniefawole(m): 6:52am On Nov 05, 2021 |
GAZZUZZ:Doesn’t sound too wise to me , just attach an interest rate 1 Like |
Re: Stop Lending Money To People In Naira by princeade86(m): 6:53am On Nov 05, 2021 |
Did u loaned him in dollars or naira? |
Re: Stop Lending Money To People In Naira by Pojomojo: 6:54am On Nov 05, 2021 |
Which currency should they lend with? $ € ¥ £ or crypto Talking of crypto If you interested in learning crypto join Telegram Channel m y c r y p t o n g 1 Like |
Re: Stop Lending Money To People In Naira by thundafire: 6:55am On Nov 05, 2021 |
OPUSDEI1:then na 1000 naira him go collect |
Re: Stop Lending Money To People In Naira by Oyerinde16(m): 6:56am On Nov 05, 2021 |
I lend people money now hoping they won't pay so the can't come back to lend again... For the shameless once that's still shamelessly come back, I'm quick to remind them of an outstanding loan, before outrightly telling them I'm servicing a big loan myself and can't afford to help now... 3 Likes |
Re: Stop Lending Money To People In Naira by Icecream4U(m): 6:56am On Nov 05, 2021 |
What if dollar rate drops? |
Re: Stop Lending Money To People In Naira by nymphomaniac(m): 6:57am On Nov 05, 2021 |
princepee:it depends on several factors. It could be an asset or a liability 1 Like |
Re: Stop Lending Money To People In Naira by nymphomaniac(m): 6:57am On Nov 05, 2021 |
Icecream4U:go and check when last the naira gained against the USD |
Re: Stop Lending Money To People In Naira by Readability: 6:58am On Nov 05, 2021 |
GAZZUZZ:Way to go bro. My brother borrowed me 500k in the month of May this year, due to be paid year ending. I know the money would be chicken change by then, because I bought dollar with it at the rate of 487 and traded it for SOL at $15. We all now dollar's 560+ now. 2 Likes |
Re: Stop Lending Money To People In Naira by Icecream4U(m): 6:58am On Nov 05, 2021 |
nymphomaniac:I know it's close to impossible but what would he do if it drops? |
Re: Stop Lending Money To People In Naira by InvertedHammer: 6:59am On Nov 05, 2021 |
GAZZUZZ:/ Bet against naira and you will be fully adjusted for inflation. I have a one month maximum turnaround for any naira denominated transactions otherwise I am not interested. / 1 Like |
Re: Stop Lending Money To People In Naira by EmekaBlue(m): 6:59am On Nov 05, 2021 |
So you want your friend to suffer outrageous payment back. Greedy fellow. Just help not think of gaining or draining someone |
Re: Stop Lending Money To People In Naira by pickatyoubackup: 7:02am On Nov 05, 2021 |
True Naira on a free fall since 1960. Imagine person wey owe u 50 naira in the 80s, him go dash u 100 naira now |
Re: Stop Lending Money To People In Naira by nymphomaniac(m): 7:02am On Nov 05, 2021 |
Icecream4U:nothing. He is a business man and understands risks. This is however a better risk than collecting the naira equivalent. The smarter option for me would be to peg an interest rate though that will bring the transaction within the purview of the money lenders law |
Re: Stop Lending Money To People In Naira by Praktikals(m): 7:02am On Nov 05, 2021 |
Bonesbreaker:My dear friend and brother from another mother. Hope you re hale and hearty. Abeg i fit see ₦200k for your hand? I go return am by month end 1 Like |
Re: Stop Lending Money To People In Naira by aragon4realz(m): 7:06am On Nov 05, 2021 |
correct guy,you are indeed a real businessman lol |
Re: Stop Lending Money To People In Naira by neighbourhud: 7:07am On Nov 05, 2021 |
princepee: Says who? Have you priced a 2001 car lately? How much was it in 2015 and how much is it now? Bros, this is Nigeria |
Re: Stop Lending Money To People In Naira by clothingonline(m): 7:09am On Nov 05, 2021 |
Inflation makes all durable products profitable but as large effect on the low and middle income
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Re: Stop Lending Money To People In Naira by ignis: 7:09am On Nov 05, 2021 |
Absolutely correct. |
Re: Stop Lending Money To People In Naira by MondayOsunbor(m): 7:09am On Nov 05, 2021 |
MRDEE01: LOL been doing that since 2005 Nigeria is a mess both the citizenry and its leaders 1 Like |
Re: Stop Lending Money To People In Naira by EmzyT: 7:10am On Nov 05, 2021 |
Alfred74: Bro eh, e tire me |
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