₦airaland Forum

Cardoso help us oooo

Every time CBN talks about MPR, it just reminds me that borrowing money in this country is like climbing Mount Everest without shoes. 27.5% ke? Omo, that’s high o!

First of all, as a salary earner, this means banks will not reduce loan interest rates anytime soon. If I want to take a loan to start a small side hustle, I’ll be thinking twice because by the time I finish paying back, I might as well have been working just to settle the bank. How person wan take grow like this?

For businesses, especially small ones, this is not funny. Imagine a tailor or a shop owner who needs money to buy more materials or stock up for the next season—where will they see affordable credit? No be every business fit rely on "family and friends loan" o. Some of us need banks, but with these rates, borrowing will just kill profit before the business even starts.

And inflation? They say it has "reduced" to 24.48%, but abeg, where? Because the way food prices are rising ehn, it doesn’t feel like inflation is dropping. If anything, market women are increasing prices every day, and they’ll tell you it’s because of dollar rate, fuel price, and everything else. So, whether inflation goes up or down on paper, my own reality is that ₦10,000 no dey last again.

The only tiny good news in this whole thing is that savings might give better returns. But let’s be honest—how many people even get enough money to save in this economy? Most of us are just managing to survive.

At the end of the day, this decision is just another proof that the economy is not designed to favor the average Nigerian. The rich people with big investments can cope, but for the rest of us? We go just dey look.

CBN, abeg, do something for the common man. No be everybody get soft landing. 🚶🏾‍♂️

News Source: https://financialtelescope.com/how-nigerias-interest-rate-freeze-affects-your-wallet-and-business/

chatinent:
I can roughly say education in Nigeria na scam.


It is based on connection and what you have to offer.

Oga calm down!!! She is a senior lecturer in ui at the faculty of education
No be everything be connection

Tharmon:
BillAckman

I had to mention youon this dead thread cus I can't reply your post on your thread.

First congratulations on getting your first payout after a while!! Been following your thread. So I want to know if fundednext truly pays 15% profit share gotten from evaluation phase and do they truly pay 95% of your profit in the funded acct like they say in their website

Thank you very much. 15% profit share from evaluation phase is only paid when you make 5% or more in a trading cycle

First profit share is 80% and 90% as times goes on

BeginnerTrader:
A 17yr old trader with no proof of payout with 1-2 yrs experience is dishing advice to a 40yr old trader with 10yrs of experience attached with series of a payouts to his name.. everyone na Billa Ackman for social media.

Boss see how you fire straight bullet hit me