kinglee007:
And after we have signed the agreement, what are the odds that the dollar might not fall as a result of change in World Economic Policy that might arise due to severe climate change, draught, unpredicted war, or financial stability in Nigeria leading to a rise in the Naira?

Who e go favour?

kinglee007:
And after we have signed the agreement, what are the odds that the dollar might not fall as a result of change in World Economic Policy that might arise due to severe climate change, draught, unpredicted war, or financial stability in Nigeria leading to a rise in the Naira?

Who e go favour?

princepee:
3.5m car in 2018 will loose it's value in 2021.
A car is not an asset.

golor:



Shut up ,I bought a Nigeria used Camry 2.4 .. 650k do some body work let say everything cost me 1m. Now people de beg me for 1.5 m I de make yanga cause I never get money to add buy the one I want...then it was 1.9m foreign used now it's 2.5-2.6 ....the op is correct..I personally don't know how sound piggyvest is..I intend to safe der with dollar.

motymop:


You are a cheat and a greedy fellow.

So you want to sell your Nigerian used car for almost the same price as foreign used.

So you also want to charge in dollars, i wish you good luck.

I wonder Why do you greedy people do not calculate for naira inflation rate to collect your debt back but rather use exchange rate?

GAZZUZZ:
The title might seem unpatriotic, but not entirely so.

Quick story

In 2018 I sold an SUV to a friend at 3.5m, he paid 2m and said he would balance up in the future.

Fast forward to 2021 October he pays me ₦1m with a pending balance of ₦500,000.

Vehicle sold in 2018 is now ₦5.3m in 2021.


Lesson learnt.

Going forward all transactions that have to do with pending payments will be signed as dollar equivalents .

Meaning if you want to take a loan or owe me large sums of money E.g ₦1m (sept 2021 2,433.5799 US Dollars) all we will do is check current dollar rate and peg repayment on the dollar equivalent in the future (2,433.5799 US Dollars)


The end

Readability:

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.

princepee:
3.5m car in 2018 will loose it's value in 2021.
A car is not an asset.

BiafranBushBoy:


Most times I lend money, knowing that they won’t pay back… so they won’t have to ask me for money again.

Win Win Situation.

GAZZUZZ:
The title might seem unpatriotic, but not entirely so.

Quick story

In 2018 I sold an SUV to a friend at 3.5m, he paid 2m and said he would balance up in the future.

Fast forward to 2021 October he pays me ₦1m with a pending balance of ₦500,000.

Vehicle sold in 2018 is now ₦5.3m in 2021.


Lesson learnt.

Going forward all transactions that have to do with pending payments will be signed as dollar equivalents .

Meaning if you want to take a loan or owe me large sums of money E.g ₦1m (sept 2021 2,433.5799 US Dollars) all we will do is check current dollar rate and peg repayment on the dollar equivalent in the future (2,433.5799 US Dollars)


The end

BiafranBushBoy:


Sorry about your situation.

People are just so unreliable and can’t be trusted.

Good decision going forward.

Most times I lend money, knowing that they won’t pay back… so they won’t have to ask me for money again.

Win Win Situation.

MRDEE01:
Same as saving money.
Save in dollars



Hello nairalanders.
I am an experienced bolt driver based in abuja.

I am looking for a partner who can provide me a car to drive on Bolt platform,either on weekly remittance or hire purchase basis.

Thank you.

princepee:
3.5m car in 2018 will loose it's value in 2021.
A car is not an asset.

IdeasPro:

Saving money in dollars with majority of Nigerian banks does not yield interest because domiciliary account is operated as a current account, In short, it's tied to your current account.

GAZZUZZ:
The title might seem unpatriotic, but not entirely so.

Quick story

In 2018 I sold an SUV to a friend at 3.5m, he paid 2m and said he would balance up in the future.

Fast forward to 2021 October he pays me ₦1m with a pending balance of ₦500,000.

Vehicle sold in 2018 is now ₦5.3m in 2021.


Lesson learnt.

Going forward all transactions that have to do with pending payments will be signed as dollar equivalents .

Meaning if you want to take a loan or owe me large sums of money E.g ₦1m (sept 2021 2,433.5799 US Dollars) all we will do is check current dollar rate and peg repayment on the dollar equivalent in the future (2,433.5799 US Dollars)


The end

Praktikals:

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

Adadioranma79:
Come and borrow me 200k

OPUSDEI1:
What if finally bubu now makes #1 to $1?

princepee:
3.5m car in 2018 will loose it's value in 2021.
A car is not an asset.

kinglee007:
And after we have signed the agreement, what are the odds that the dollar might not fall as a result of change in World Economic Policy that might arise due to severe climate change, draught, unpredicted war, or financial stability in Nigeria leading to a rise in the Naira?

Who e go favour?

Bonesbreaker:
things i don't do lend money to my friend i prefer assisting two i don't give without something to back it up incase you choose to die or disappear,as for friends if you ask me of 200k if i have 50k i give you telling you to pay back if you pay back fine if you no payback awesome too

MRDEE01:
Same as saving money.
Save in dollars



Hello nairalanders.
I am an experienced bolt driver based in abuja.

I am looking for a partner who can provide me a car to drive on Bolt platform,either on weekly remittance or hire purchase basis.

Thank you.

Gerrard59:


Unless the company is generating revenues in USD, this doesn't make sense.

Bonesbreaker:
things i don't do lend money to my friend i prefer assisting two i don't give without something to back it up incase you choose to die or disappear,as for friends if you ask me of 200k if i have 50k i give you telling you to pay back if you pay back fine if you no payback awesome too

kinglee007:


Nobody ever said it will appreciate against the dollar. But "what if" ( and that's a Big WHAT IF) it gets to become it's equivalent or almost it's equivalent?

Oludara202:


Not necessarily being paid in USD but the naira equivalent at any point in time.