Wiseoldman:


Funny thing, this is the first time i'm hearing something funny from these guys. I have two old time friends that live in on of their estate. It seems to be a well run estate. Like I said I have not been there in a while and I see my ploy cost 400% higher now.

Well, since we never know in this part of the world, I will need to secure the asset by putting something there.

ahiboilandgas:
i have visited 4 times ...na language dey spoil show....

MrMcJay:


So sorry to hear of your dad's experience.

@ the bolded, to get legit land in Lagos, you need:

A realistic budget,

Avoid payment by instalments,

Physically visit the land,

Get a registered Surveyor to pick up the physical coordinates of the land and chart it to be sure it doesn't fall under government acquisition,

Get a Property lawyer to undertake verification of the land,

Verification is not only at Alausa or of only documents, verify the sellers to be sure they aren't impostors and they have the right to sell,

Speak to people living near the land. The information that vulcanizer or fruit seller near the property would give you can save you from losing millions. Ask them.

Let your lawyer prepare your documents and at the point of payment, the sellers must sign. No stories.

Immediately you pay, start building your fence. If possible, pay like 60% of the cost of the land and once fencing is done, pay up the balance of 40%.

Once the transaction is done and you've received your documentation, try to perfect your title at the Lands Registry.

GonFreecss1:


Wait. Do they mean you can invest with naira?

ahiboilandgas:
what the plot number ? U can hit me up what you price.

Olaide1295:
Hi everyone,

If you have a good credit standing with Chinese who are looking to export into the Nigerian market. What good would you request they supply you for onward sales?

AdaoraNK:


What product(s) is the Chinese firm into?

AdaoraNK:


What product(s) is the Chinese firm into?

Olaide1295:
Hi everyone,

If you have a good credit standing with Chinese who are looking to export into the Nigerian market. What good would you request they supply you for onward sales?

The Chinese person is not a manufacturer but is able to source anything from China and export on credit.

Olaide1295:


The Chinese person is not a manufacturer but is able to source anything from China and export on credit.

Their government is giving a tax incentive for exporters and he just moved to Wuhan free trade zone

emmanuelewumi:


Invest in what you understand and can see. I only do cash and carry.

The hustle is real

AdaoraNK:


Your advice is noteworthy. I was referring to the poster if he actually have the knowledge of what is about to be sent to him.

emmanuelewumi:



He wants to introduce you to importation of goods from China.

Olaide1295:
Breaking: CBN Governor confirms exchange rate unification plans

https://nairametrics.com/2020/06/23/cbn-governor-confirms-exchange-rate-unification-plans/

DexterousOne:


Imagine this

ahiboilandgas:
cbn now official yahoo agency.....roll out bonds ..people invest some even convert their dollars to invest in naira .....the devalue the damn thing .....everbody lost ......naira bonds should be for people having expense in naira ...so u battle inflations only....but foriegn based u battle devalutions and inflation

ahiboilandgas:
cbn now official yahoo agency.....roll out bonds ..people invest some even convert their dollars to invest in naira .....the devalue the damn thing .....everbody lost ......naira bonds should be for people having expense in naira ...so u battle inflations only....but foriegn based u battle devalutions and inflation

speak2lift:
Adron Homes- those jokers?

I laff everytime I see their adverts- i also fell for their marketing gimmicks way back then. Paid for the plot only to be told when i asked for my allocation that there are still some charges I need to off set.


[qquote author=abraolas1 post=90941495]

the Hidden Charges makes me to run away from Ibeju Lekki area ......for some they put it on their website e.g Andron Homes ....majority of them dont ...until i take a deep look and i later realise that the hidden charges is more than the amount u pay for the land which the buyer will not be inform as at the point of buying ......

And i also fear the Buy 5 and get 1 free plot of land hen.....cos this is Nigeria

DexterousOne:


Me I no understand wetin dey happen again

Enyinne:
Oga ,please hv they devalued already as i can plan accordingly on dollar purchase

ahiboilandgas:
if i convert my 100k euros at 40
m and bought suku bond at 11.3 my annual profit be around 4.5m ...total 44.5m after 365 days ...but in 2 weeks they are unifying rate with i .e window at 470 ....so my 44.5m/470 =94600 euro ...so i have lost 5400 euro .....cos i wasnt a rational investor but an emotional one ....5400 eurox 470= 2.6 m ...my monthly lost of over 200k permonths ....that just year 1 .....Naira has never recovered since introduced in the 60 s na to gain 2 naira and lost 100

ahiboilandgas:
If u have foreign expenses like morgagte payments ,school fees or u live abroad....naira bonds are not very advisable to hold long term ....u must alway exit the markets convert your holdings to dollars and strike back......oyinbos (fpi )are looking for 2bn-5bn dollars to run away from Nigeria fixed income space .....they are trapped since march ....they have more research data and know was up....they have been reinvesting the naira at omo ..8.5 praying for liquidaty to run ....other have take a lost and buy at 420 from unofficial source and ran away ....

ositadima1:


Let them run, some new FDI are coming in, I heard the France's largest telecom company, Orange, is planning to come in. Soldier go soldier come.

ahiboilandgas:
they want price unification with import and export window ...may be 400 ....dont purchase from the black markets untill they resume sale to bdc ....it already over priced ...

ahiboilandgas:
FPi nof FDI

ositadima1:


Foreign direct investment like mtn, lafarge etc

ahiboilandgas:
foreign portfolio investors (fpi ) they invest in short time securities like euro bond ,treasury bills and equity .....they dont come to build factory and infrastructures

Enyinne:
Oh thanks , that sounds good as i hv waited since 1 month to see price drop but it seems its taken forever. Any idea of timing please