Who will help me with fund to start my business?

I will remain loyal and respecful.
Am losing hope my dream is dying down

Lot has been said about devaluation and many people compare the naira to the dollar. This gives an illusion of the dollar being a fixed value asset which is false.

The dollar is also a moving target that has been devalued over time. The only thing is that the dollar is one of the better performing currencies.. For example, the exchange between usd and gbp was 2 usd to 1gbp in 2007. By 2010, it was 1.7 and currently sits at about 1.3.

Regarding the naira, taking a step back might give a better picture...

The average dollar devaluation has averaged 10% per annum since 1973... Sadly, thats less than similar African nations.....

That means someone just holding the dollar would see their naira value increase by about 10% every year.... that's worrying and means the nation is not getting some basics right

Recently, banks have cut down the international spending limit on their ATMs to between 20 and 50usd per month... This usually means there is some forex scarcity and if history is anything to go by, it foreshadows further devaluation..... already, the market rate has crept up from 570 to 580 over the past few weeks

What's going on in Nigeria is sad cos the populce are being made poorer by the day simply because of nonsensical policies by the government

chigo4u:

Not possible

It is bro but quite stressful due to getting cards that'll go thru ... That's why some time back a nairalander was offering 5k if youve got a zenith MasterCard

Jbn11:

Who will help me with fund to start my business?

I will remain loyal and respecful.
Am losing hope my dream is dying down

Ask your pastor neighbors colleagues at work and siblings

jedisco:
Recently, banks have cut down the international spending limit on their ATMs to between 20 and 50usd per month... This usually means there is some forex scarcity and if history is anything to go by, it foreshadows further devaluation.....

What's going on in Nigeria is sad cos the populce are being made poorer by the day simply because of nonsensical policies by the government

Though I agree some policies are wack, the Nigerian problem appears to be systemwide. From the weak and in most cases non existent public institutions(here I don't mean schools) down to our values as individuals.

The people in power are nothing more than a subset of our population. Change them and I can assure you that d situation wouldn't be much different.

In my opinion, schools and the media have a lot of work to do. We need to update our values.

Mohzus:


It is bro but quite stressful due to getting cards that'll go thru ... That's why some time back a nairalander was offering 5k if youve got a zenith MasterCard

Do you know access bank rate is now 550 and most banks limits right now is $20 @490

Jbn11:

Who will help me with fund to start my business?

I will remain loyal and respecful.
Am losing hope my dream is dying down

Why you dey come here to beg strangers for funds for your business? Abi you think say people no get family members wey need help? Don’t you have family members? Money wey you sef know say you wan use to go carry okpo for brothel this night. You better give yourself brain before very strong yamayama nack that your sweating bald head this sunny afternoon

ositadima1:


Though I agree some policies are wack, the Nigerian problem appears to be systemwide. From the weak and in most cases non existent public institutions(here I don't mean schools) down to our values as individuals.

The people in power are nothing more than a subset of our population. Change them and I can assure you that d situation wouldn't be much different.

In my opinion, schools and the media have a lot of work to do. We need to update our values.

True... In the end, change has to begin from somewhere.
Just holding the dollar shouldn't mean 10% annual dividend in naira

chigo4u:

Do you know access bank rate is now 550 and most banks limits right now is $20 @490

Limit wise , that's the issues. That's the reason for the outsourcing of cards .

Mohzus:


Limit wise , that's the issues. That's the reason for the outsourcing of cards .

what platform is this?

plat0:
what platform is this?

Crypto

.

Hello guys
With the new dollar online spending limits with some banks can we say their might be another round of devaluation couple with the the oil n subsidy issues ?

Sukuk 4 credited to CSCS accounts today

emmanuelewumi:
Sukuk 4 credited to CSCS accounts today

I have just checked my cscs account and my bond has not reflected. Should I be worried or tarry awhile?

keeper303:


I have just checked my cscs account and my bond has not reflected. Should I be worried or tarry awhile?

Do you have CSCS online

emmanuelewumi:
Sukuk 4 credited to CSCS accounts today

Yes, mine is reflecting in my CSCS online account.

emmanuelewumi:



Do you have CSCS online

Yes.

emmanuelewumi:



Do you have CSCS online

Bro

Any indication that naira will be further devalued or that it'll slump against the USD in the next few months?

Labadi69:


Yamayama nack your oily bald head for this rubbish wey you just type.
You are getting 10% from Nigeria gov while currency dey devalue faster and you think you are making progress with FGN instruments? You are daft

You must be an idiot for all u wanna do is insult people on this thread always. What kind of foolish human being are u. Is it that there's nothing gud in dat ur dumb head to contribute to this thread rather than ur usual yamayama fall on ur bald head? You're just so annoying and disgusting at d same time. A fool at 40...

cutedharmee:

You must be an idiot for all u wanna do is insult people on this thread always. What kind of foolish human being are u. Is it that there's nothing gud in dat ur dumb head to contribute to this thread rather than ur usual yamayama fall on ur bald head? You're just so annoying and disgusting at d same time. A fool at 40...

The guy is tired of this life and has no other reason but to express his frustration here and there. Leave him, I don't think he has ever been happy.

March FGN Bond is next week.

@emmanuelewumi

Please is this a good deal? Considering the war in Ukraine and 2023 elections.

[img][/img]

From the part circled what is the interest rate?

hustla:


Bro

Any indication that naira will be further devalued or that it'll slump against the USD in the next few months?

What more indication than banks pegging limits at $20 and rate at 550 for international spendings

Imagine, a re-opening bond, why can't they let the initial bond and invested sum run and complete it's tenure if not greed? The terms are that the,13 percent you see may drop to 9 percent after settling initial creditors.

I have seen situations whereby an initial bond request was to borrow N150 billion but he turn out was massive and the FGN ended up borrowing N250 billion (This is disguised fraud) and no one is saying anything about it.

Now they want to bring back toll gates, giving money to Naija govt now looks like lavishing money on a girlfriend, when una break up and you ask her of all the loans she go tell you say you don chop am for kpekus.

Not discouraging you but beware !

Dum20:
March FGN Bond is next week.

@emmanuelewumi

Please is this a good deal? Considering the war in Ukraine and 2023 elections.

[img][/img]

From the part circled what is the interest rate?

chigo4u:

What more indication than banks pegging limits at $20 and rate at 550 for international spendings

Omo, so laidis make man go change to USD?

JavaSQL:
Imagine, a re-opening bond, why can't they let the initial bond and invested sum run and complete it's tenure if not greed? The terms are that the,13 percent you see may drop to 9 percent after settling initial creditors.

I have seen situations whereby an initial bond request was to borrow N150 billion but he turn out was massive and the FGN ended up borrowing N250 billion (This is disguised fraud) and no one is saying anything about it.

Now they want to bring back toll gates, giving money to Naija govt now looks like lavishing money on a girlfriend, when una break up and you ask her of all the loans she go tell you say you don chop am for kpekus.

Not discouraging you but beware !

Thank you bro.

Does it mean it is better to buy in the secondary market?

[img] [/img]

No. It means it is better to invest in and enjoy the kpekus

Dum20:


Thank you bro.

Does it mean it is better to buy in the secondary market?

[img] [/img]

Hello folks

amakaDD:
Hello folks

Hi

Please who has used SFS Fund, how reliable are they

Investment one's rates are now 7% but SFS Fund is 9%