₦airaland Forum

mickel00:
Greetings!!!
Maximum hailing to the house.
Let me share my Bank's Fixed deposit rates here. It is way better than TB.
I am willing to answer an query(ies) as regard the Fixed deposit.

Rates looks quite alright.Which bank is this??

popizaino:

No surprise as usual

Pls bring their heat map let check for something

So you want to compare Iniesta with Hazard with heat map?? Statistics bs is really killing modern day football

TLona1:
So he should be desperate to lose?

I swear some people can be shameless

solmusdesigns:
google the number of world power plant, steel foundry and industry that run on coal Mr smartpants or just keep mute, better still google cost of coal

There are too many dumb people. What is industrialization without carbon

eagleu:
Coal is history.
Why should it be what Buhari cares about in Enugu.
International airport please!

Coal is history?? This has to be the most ignorant thing I have read all day.smh

gaetano:
Foolish government. Coal we should have been using since but they will be listening to western intellectuals who advice them to move to cleaner energy while the same people still use coal. China is building a coal plant in 2019 already.

Thank you my bro.They preach green energy because they want dumb Africans to buy their hydroelectricity which is extremely expensive but they used carbon to be where they are today and are still using it.smh

zamirikpo:
All this talk about bonds in not sweeting me at all.

Am in love with that upfront interest on TB, nothing beats that.

My anger is not even the 8-10% on TB it's the prorating.

As a business man I need to be liquid.....cant afford to lock down huge capital for 3-5 yrs(20m &above). When anything can come up.

Watching the market daily....TB it is

Bonds are for those that already have businesses,have a long term project or things of that nature that need guaranteed money,those interested in growing their money or in most cases money for their kids in case of death. Collecting 6m+ a yr on a bond of 50m at 16% for 10-15 consecutive yrs doesn't sound bad at all.That's a guaranteed 60m+. Its just a scheme made for the already rich

OgogoroFreak:
foreign investors do invest in Nigeria nau. As long as you open a bank account successfully there, you are good to go.

I know someone who has been in Ghana for about five years now running business and investing in Ghana tbills with no issues.

Their govt only needs to make it easier to invest and manage Tbills from our banks here in Nigeria then we are good to go.

AwkaetitiBabe:
We in Nigeria. If you wanna sex, do so in private and not public. We git high moral standards here. Personally I'd sue d idiot that leaked the video.

We get high moral standards?? This statement should go to the trash bin with the quickness

IamR:
Anyone that ventures into agriculture just because of border closure would be taken a great risk. It is known to even the dead that everything is totally messed up in Nigeria.
As for me and my small money, we are not going to be used as a litmus test. Let's see how far Emefiele would go. Now, I see new monikers here on a daily basis, trying to lure us to pull our money from treasury bills and invest in a worthless real economy. We have passed that stage here o.

The border closure thing is good for those already inside.Its not a long term policy so anybody that is new to agric or planning to enter that thinks he will take advantage should think twice.

As for those of us that know that are not interested in investing in "real economy", hold fast to your money or move to bond if you cannot cope.We all know how unstable the govt and their policies are. Govt must always borrow. Not banking on that tho but we all know that there are higher chances of tb interest rates moving up

Nakedman:
You have been clamoring about 1% and 2% in some of your posts. Why are you so bitter about people borrowing the Government their money.. I don't understand ***. Just leave this thread if you're not comfortable

Stop responding to trolls.Not everyone is happy you have money to invest in tb.They rather blame you for having money and believe you are the source of their misery. Individuals that have money are to blame for high level of unemployment in Nigeria than the govt.

OgogoroFreak:
what is stopping you now?

You just to troll or what??

emmanuelewumi:
What is N400 billion, when excess liquidity in the system is in Trillions of naira.

This excess liquidity is the steroids that is currently driviing the bull in the stock market in the past few days

What is 400bn you ask but the govt wants us to invest that amount in "real economy" to create jobs. Since they don't need the money,we might as well take it to people who need it

DigitalMallam:
The decision is yours to make, if you can trust your sister with your fund why not. As for exchange rate the cedis is bar far outperforming the ailing Naira (think is about 1-to-67)
But don't be quick to take any action, I'm very sure in coming days information going round pointed to fact that some investment house are thinking in that direction and willing to cash in fast to assist would be investors in Ghana tb. Who knows that might make our flip-flop CBN gov have a rethink.

Lol.Time for the Ghania govt to cash in big time. One thing i like about us is that we Nigerians are not afraid to take risks and by nature we move to greener pastures. All they need is to adjust their policies in terms of the residency permit thing,make it easier for Nigerians to invest in their tb from Nigeria through the various Nigerian banks already in their country,then sit back and watch what will happen.The Nigerian govt will not know what hit them by the time they lose N400bn tb requests they were doing gra gra rejecting

DigitalMallam:
Ghana is currently doing 19.5% for 364 days.
You can try your luck, some Nigerian bank like Ecobank, UBA and GTB has earned themselves good name in the Ghanaian market. Please note you will require a recidency permit to open an account with any bank in Ghana

Thanks a lot. I have never been to Ghana before.Is there anyway that can easily be obtained in the shortest period of time??

Please, can one move funds to other countries and invest in their TB?? Looked up one african country that was posted here and their rates were really attractive.My TB will be due by February

Akin3891:
Currently at first bank, the lady realized I've been frequently moving some funds out to stanbic, she said pls stop oga, i will do primary market for you, tbs is back now, that is after she kept telling me all tru last week that cbn had put a stop to it. I think my sweet ntb is fully back now

Is Secondary market back?? Is it advisable to put in funds now or just wait cause I think tok such demand at this period will drive down rates

isangjohnson:
Diminishing return will definitely get to Lagos with time. What happened to unoccupied and unbought buildings in Banana Island.
Property business is not like before. But I still prefer buying and selling of undeveloped plots.

Undeveloped plot is the best as people prefer building their own house to buying an already built one.Developed plots again are not cheap and telling someone to drop 30M cash is unfathomable as that will rock many financially and many do not even have the money to begin with.No mortage system to help out.Even in advanced societies, people do not drop cash for houses.

There's so many odds against people who indulge into structures. Best is to just buy undeveloped plots.Leave it till it matures well enough to fetch you something decent and sell it off. Easier to find buyer for an empty space than for a house

[quote author=Barrytone post=83938587][/quote]The whole house wahala was what I was trying to explain to someone on this thread who was singing the tune of diversifying one's portfolio especially moving into properties. Owning a property is sweet on paper but in reality can be a pain in the neck especially if you invest in structures.

Buying a house in a good location in this country is 40M and above. How many have this amount? There's no equilibrium in terms of demand and supply.This forces owners to bring down the value which many at times are not even met because nobody has the money to pay the said amount

Donbrig:
You guys should understand that banks are not charity organizations, their main goal is to make profits.

Making profits by withdrawing money without authorised access and proper notification.He made it clear when he needed the money removed.What if he needs the money urgently or decides he doesn't want to go ahead with the Tbill transaction again?? All this nonsense happen because there's no law and order.In a sane society,its enough to slap them with a hefty civil suit

ahiboilandgas:
debits without paying interest for those day money is held ......smart guys

Not smart but being pure thieves. Its a shame we don't have regulations to checkmate all this rubbish.You can imagine how much they will make with his money in these number of days.smh

Igbosmoker:
wow. First of all, all what you said are pure assumptions and not facts. I'm sure you've been listening to many ronaldo fans on Twitter.

In our last game against Slavia, messi passed 4x to griezman and griezman only passed once to him so does that mean griezman hate messi?

We've seen messi makes such run many times and score, he ignore suraez countless of times and dribble from midfield position to 18 area, he was just unluck.

Just because messi doesn't talk to much don't mean he controls everything at Barcelona, the president and coach are still the most powerful people there so don't try to turn it on Lionel messi.

Nothing like assumptions here.Messi is probably the most powerful footballer in the world at the moment and has a say in who Barca buys and sells.Hes more powerrul than Valverde who is more of a cluless yes man.The main reason Ronaldo left Madrid was because the club didn't afford to give him that luxury to make those decisions and that's why he said he didn't feel welcomed.If Messi says today that he doesn't comfortable playing under Valverde,best believe that man is getting sacked in under 24hrs.He's in the club because he has the backing of players like Messi,pique and Suarez.

Pique said that the players were ready to forfeit their wages and go against ftp regulations in order to get Neymar back.The senior players publicly backed the idea of Neymar coming back despite us spending that much just to sign Griezmann and all of a sudden Griezmann is playing so bad. Neymar is not a Barca player today is because of the clear divide in the dressing room of his return.Players like Rakitic who opposed the swap deal were all of a sudden dumped to the bench

Last time I saw Griezmann play as a cf,he scored 2 goals in the game.What was he doing as a wide man against Slavia even when Suarez was injured?? Did we sign him to play as a winger rather than give Suarez competition?? Dude played in a midfield of 4 away against Slavia. But immediately Dembele came in,we shifted to a 4-3-3 formation.That Sparta match sums up what is going on in the club

We need a manager with strong character at this club who delimits the influence this players have especially on dealings on transfers.Someone who has the balls to stop this bromance that's going on and unite that squad.Suarez can't continue to shoot blank in the champions league for 2 years now and he's starting every champions league game and playing full 90 mins just because he is friends with Messi.If you don't perform, you don't play.Its that simple.Griezmann a much better option needs to take that position. The unnecessary segregation of Griezmann needs to stop.We can't continue to spend millions only to waste them by playing them out of position.Bart needs to man up and lead this club as a president.

bendo75:
Folks be careful how you divulge information about your financial status in this forum. The fake news from punch about CBN blocking individuals from buying treasury bills has really revealed the minds of some in this channel. Not everybody who comes here is happy that you are making money by investing your sweat in treasury bills. It really baffles me that someone in this forum thinks that profits from treasury bills are free money.

Nobody pulls down his brother more than the black man.Nigeria has the highest number of black people in the world. So that should at least show you how things roll in this part of the world. People will rather support the govt who remove foods from our plates instead of putting them there to fvck us all over than seeing their neighbour live better lives than them. They rather cut their noses to spite their faces.

Ikennablue:
How come you guys have not noticed how awful Griezman has been so far. Like very bad.
The guy doesn't dribble, doesn't do anything creative, he won't even attempt, he passes the ball immediately it gets to his foot as if he's afraid of making mistakes. All the goals he has scored so far are just goals anybody in his position those moments can score.
He is no where close to de Jong. Even Semedo make more moves than him.
Barca problem is not just Ververde. It's Messi. He's the captain and he's supposed to fix all these things.
I wonder why Busquet is still part of our first eleven.

Griezmann awful?? You clearly have not watched any of our games this season.Dont let stats deceive you.He can performed more as a cf than wide man.The guy is being played as a LW.He has being alienated by Messi. Dude played in a midfield of 4 away against Sparta.i watched the full 90 mins and dude played more as a midfielder than an attacker in that game.That's when I knew it was better to forget this season even existed

Messi is a huge centre piece in this whole mess we are currently in. Messi will pass to Suarez when he's one on one with the Keeper but will never pass to Griezmamm in a 2 vs 3 situation. Also him being good friends with Suarez means that Griezmann will not start ahead of Suarez even when its evident Griezmann will perform better in that position than Suarez.Valverde still has the backing of Messi because despite Valverde over staying his welcome at the club,he's a coach that clearly has no control over that dressing room.Messi determines who plays and which position they play.He's clearly sabotaging Griezmann so that we can do the same thing we did with Coutinho just that in this situation the club can enter a swap deal to trade Neymar and Griezmann since Griezmann who is clearly played out of position can not perform out from the wing.How the hell are we rushing and injured Jordi Alba back from injury to play 45 mins against Sparta but can't do the same for Junior

The board are spineless cause with Messi's contract stating he can leave at the end of each season,they cannot afford not to do his biddings.If they appoint a coach with strong character like Koeman, he may put a stop to all of this nonsense.Neymar not coming to Barca may not be the primary cause of all of this mess we're in cause it started 2 seasons ago,but it has really escalated all of this. Messi,Pique,Suarez are part of the senior players of the club that are very close to Neymar. They are the problem of this club.

Ter Stergen has been our player of the season so far not just in terms of saving our asses so many times but has shown tremendous leadership qualities on and off the field.He has really protected the image of the club,the players,the fans a lot this season.De Jong is another player next to him that has shown up when needed.Both should be future captains and Marc imo should be wearing the captain arm band at the moment when Messi is not available.Players such as Pique,Busquet and Messi haven't really led the team this season.smh

airmark,you no dey troll for Barca thread again?? lol

I think the players have waited too long and now see that poor performances is not moving anybody at the helm of affairs of the club and now resorted to using results.Can't continue to save that guys job by winning home matches.We need to save our season right now before Christmas

I have never seen this club go this low since I became a fan.We are having a disaster of a season and the worrying thing is that the board is at the forefront of everything

I know we all love Messi but he has to take a blame in this too.He's the captain of this club and has the weight to turn the fortunes of this club not just on the football field but behind the scene.Valverde is still keeping his job because Messi is one way or the other behind him.I can't imagine Valverde being here if Messi is not backing him. The dressing room is at an all time low and we play without hunger and look lost. A lot needs to change

ositadima1:
The insurance company is not father chrismas, they are there to make profit. Do you know what they do ?

They estimate the chances and rate of an accident occurring, they calculate expected loss PA for each customer category and bill you higher.

For example if ur expected loss per month is 5k they will bill you 6k. Effectively they are recovering what ever they paid you plus profit over time. In short, you pay more over a longer period.

If you can absorb shock it is always better not to insure.

By d way, if you keep having accidents they will revise ur premium upwards why is that?

This is a very bad mentality and its why Nigerians especially traders jump into lagoons when an incident occurs.Many people don't recover due to lack of "financial backings" and this has led to untimely deaths or families being wrecked for life all because of "paying for what I don't need".Insurance companies are not charity organizations but we cant use because the bets are against us or because they make profits and not do the right thing.

Dangote ,the richest man in Africa still insures every bag of cement he produces.Do you really think losing 1 bag of cement takes away anything closely significant to his wealth?? Do you think he can't absorb losing one full trailer of cement??

Petroleum business is a very high risk business that's compounded by bad roads.There was a report here on nairaland that Nigerians lose billions of naira yearly due to bad roads only.You can't expect a person doing business that involves moving tens of millions on our roads to just absorb shock when accidents occur.

koning:
You hit the nail right on the head. It's a horrible investment if you do not have lots of idle cash. If you put N5 million on a piece of property with the hope of recuperating the N5million in 6 to 10 years, that is a very bad investment move in my opinion. The worst are people who build block of flats to rent out.
The best investment in property is to build the very house you will live in. This way you don't have to waste money that you would otherwise put in your biz paying rent.

Thank you my brother.I already said it in the treasury bill thread that renting is probably the worst form of investment especially if you want to take low risks with at least reasonable income.How can someone purchase an old 6 block flat for 45 million and is collecting rent of 25K/month?? Hes not even making a profit of up to 10℅/annum. That's outright madness. At the end of day, maintenance has to be done,property tax is being paid and some tenants may decide not to pay.

Problem is the whole idea of being a landlord.So when avg people make that first money,they go and dump it all in building and then probably go broke or are collecting paltry amount all in the name of rent.If not for comfort or a person is really rich,living in your private house is a waste of money especially for a person that doesn't have that extra money.smh

Thanks all for your input.So much appreciate it.

So over the past few weeks,I have been thinking about diverting into Agriculture. Palm Oil production to be precise.Got wind about the sale of 2 plots of land that was full of palm trees in a remote area that is known for oil production this week only to be disappointed that they were already sold.They have already started looking for sellers for me

My question is what does it take to start up an oil mill?? How profitable is it?? I have little knowledge about it but want it to divert into it especially with this whole TB saga and my TB is maturing on February.Sorry for derailing but I feel i can get the information i need here