larride:


I’ve been trying to get my hands on that interview since last night with no success. I can’t remember if it was on Twitter I saw the video or YouTube.

Look at the breakdown that iamoyindamola gave and you will see it mirror at least closely to what I said and attest to what you say also.

Dangote, lafarge and bua sells cement at almost at the same factory price, it is the additional cost and profit margins of distributors that makes Dangote cement more expensive than the others.

Ibime:


Na brave guys dey do that business for Naija. It's a tight margin business but predictable. However in a setting where you can lose 1 in 10 trucks to Nigerian roads be it accident, vigilantes, bad roads, poor drivers, kidnappers, not to mention drivers probably siphoning diesel, I wonder how they plan out their cash flow and payback periods on trucks. Too many variables dey Naija setting

Melvyn11:


In the east Na tummy tummy be no1. Maybe it's because of the carrot inside.

When I saw indomie generates 1 billion dollars annually and I ask myself if this can happen without conquering the whole Nigeria then there is money to be made in the country with the right investment.

larride:


I think it’s worldwide. Not Nigeria alone.

Itsrm:


Insurance is flexible enough and does not just take care of the vehicle. You can insure the goods being transported.

Standard logistics firms like DHL insure their goods so if the driver runs away with it or any other thing happens, they turn to insurance.

And when you say kidnapping, do you mean like the driver getting kidnapped?

BlueRayDick:


I know how insurance works and I know most Nigerian businessmen can't even afford to pay premium on goods being transported. Goods-In-Transit insurance is not cheap due to all those factors we mentioned earlier like banditry, bad roads, insecurity etc. That's why u see kerosene, PMS being expensive upnorth cos the business owner will pass these costs down to the final consumer.

If ur driver runs away with ur goods, ur goods-in-transit insurance doesn't even cover it. U will need a Fidelity guarantee insurance for that(It covers fraudulent acts of employee /theft of ur property by ur employee).

The truth is just that if we were to be a more honest people in this country, doing business won't be this stressful.

GloriousGbola:


thats why the companies with actual fleets collect an original c of o as a caution doc. at least that is what my old place used to do.

liveLongNprospa:
A little too late for this.. But still okay

https://punchng.com/ninth-nass-an-indolent-weak-rubber-stamp/

GloriousGbola:


thats why the companies with actual fleets collect an original c of o as a caution doc. at least that is what my old place used to do.

CrystalTiger:


Baba leave politics today abeg, I take God dey beg you biko...Make we enjoy this business conversations for today abeg..

PDPGuy:

Na Aisha own am?

Spy360:

May 26th

liveLongNprospa:
I mean I understand.. Some people go dey travel with wife and kids.. But still

https://news.sky.com/story/amp/home-office-to-stop-students-from-bringing-family-to-uk-in-bid-to-curb-migration-12887545

BlueRayDick:


I know how insurance works and I know most Nigerian businessmen can't even afford to pay premium on goods being transported. Goods-In-Transit insurance is not cheap due to all those factors we mentioned earlier like banditry, bad roads, insecurity etc. That's why u see kerosene, PMS being expensive upnorth cos the business owner will pass these costs down to the final consumer.

If ur driver runs away with ur goods, ur goods-in-transit insurance doesn't even cover it. U will need a Fidelity guarantee insurance for that(It covers fraudulent acts of employee /theft of ur property by ur employee).

The truth is just that if we were to be a more honest people in this country, doing business won't be this stressful.

OasisX:
JUST IN: Following consultations, the Governors of the South-East have agreed that the Second Niger Bridge shall be named the MUHAMMADU BUHARI SECOND NIGER BRIDGE.

Ibime:


Na brave guys dey do that business for Naija. It's a tight margin business but predictable. However in a setting where you can lose 1 in 10 trucks to Nigerian roads be it accident, vigilantes, bad roads, poor drivers, kidnappers, not to mention drivers probably siphoning diesel, I wonder how they plan out their cash flow and payback periods on trucks. Too many variables dey Naija setting

OasisX:
JUST IN: Following consultations, the Governors of the South-East have agreed that the Second Niger Bridge shall be named the MUHAMMADU BUHARI SECOND NIGER BRIDGE.

Olowunl01:


Its seems it's only Asians that can do business and survive in Nigeria? Cos when I brought up investing in property shortlet or lets; the horror stories I left me still weighing up my options - only positive is that cost of finance is near zero if I ignore opportunity cost.

What business can someone then invest in? We can't leave everything to foreigners ke?

Govt should also focus on judiciary and enforcing existing laws; so that people face SWIFT consequences for their actions, for example how can we still be having omo onile issues in 2023? especially when its miscreant parading as Omo onile's creating most of these wahala...

BlueRayDick:


Baba, there are businesses u can do in naija but most of it u must be on ground to run it at infancy before u can think of putting other people in charge. Even if u want to run a pure legit business, u must know so much about the unethical practices in that line of business for u to be able to plan against them impacting ur business negatively.

Let share a story.

I went to see a friend one day and from his house we went to a big hotel closeby to have a drink. He ordered Hennessey which the waiter brought, my friend opened the drink and claimed its a fake Henny. He was pissed and asked them to call the manager whom he accused of selling fake Henny for the price of original.

The manager swore upon everything he held dearly that they buy their henny straight from distributor and there's no way they will sell "apongbon" Hennessey. My friend was so convinced it was fake and asked the manager to sip to confirm. The man confirmed the drink was fake but confused how a fake Henny made it into their stock.

In order to compensate us for our trouble, the manager asked the waiter to bring another bottle but it turned out fake as well. The bottle was brought and it turned out to be fake. At that point the manager was embarrassed and started pleading. It then struck him that some of the staff ran a racket in the past where they buy fake Henny from home, bring it to work and exchange it with the original they have in their stock.

Like do u know the negative effect the incident will have on their business if we made a big deal out of it? That is just one of the ways in which people can ruin ur business in Nigeria if u don't research well enough about the unethical practices involved in ur line of business.

raumdeuter:


Good development. Some people can opt to swim instead of using the bridge

Why not Jubril El Sudani Bridge?

raumdeuter:


This thing with fake liquor is common in Nigeria. My friend who travelled also said the same thing that after drinking that Hennesey, his tongue was stained black

I want to ask, is it possible for Hennesey to be cheaper in Nigeria than in Yankee? Or any foreign manufactured product

BlueRayDick:


Baba, there are businesses u can do in naija but most of it u must be on ground to run it at infancy before u can think of putting other people in charge. Even if u want to run a pure legit business, u must know so much about the unethical practices in that line of business for u to be able to plan against them impacting ur business negatively.

Let share a story.

I went to see a friend one day and from his house we went to a big hotel closeby to have a drink. He ordered Hennessey which the waiter brought, my friend opened the drink and claimed its a fake Henny. He was pissed and asked them to call the manager whom he accused of selling fake Henny for the price of original.

The manager swore upon everything he held dearly that they buy their henny straight from distributor and there's no way they will sell "apongbon" Hennessey. My friend was so convinced it was fake and asked the manager to sip to confirm. The man confirmed the drink was fake but confused how a fake Henny made it into their stock.

In order to compensate us for our trouble, the manager asked the waiter to bring another bottle but it turned out fake as well. The bottle was brought and it turned out to be fake. At that point the manager was embarrassed and started pleading. It then struck him that some of the staff ran a racket in the past where they buy fake Henny from home, bring it to work and exchange it with the original they have in their stock.

Like do u know the negative effect the incident will have on their business if we made a big deal out of it? That is just one of the ways in which people can ruin ur business in Nigeria if u don't research well enough about the unethical practices involved in ur line of business.

raumdeuter:


This thing with fake liquor is common in Nigeria. My friend who travelled also said the same thing that after drinking that Hennesey, his tongue was stained black

I want to ask, is it possible for Hennesey to be cheaper in Nigeria than in Yankee? Or any foreign manufactured product

BlueRayDick:


They call it "Oti Apongbon".

If u go to Apongbon under bridge on Lagos Island, u will market women selling all kinds of premium alcoholic drinks/liquour ranging from Hennessy, Hennessey VSOP, Azul, Luc Belaire, Ace of spade, Don perignom etc. They are all fake drinks being sold at cheap prices. You will be shocked they even sell some drinks that are limited edition.

In fact there's a market for box/casket of the original drink. They buy the original box and put the fake drink inside. That's where people buy those drinks which can be harmful to the body.

Apongbon na the HQ of all fake Assorted drinks.

Hennessey and Johnnie Walker gat nothing on them

BlueRayDick:


Yes o, If they know their family house can be sold due to their fraudulent act, they will behave themselves and not throw their employer into loss. That's one of the ways of exerting fear of God from people in the country.