₦airaland Forum

Inflation rate is high, but 30m is a considerable amount. Very few people earn that

Livegamesonly:
Am also considering transportation business if the capital for the toyota hiace bus is ready. I prefer interstate transport than intr city transport. Although, this insecurity is another thing.

If not because of this insecurity of a thing, interstate transport is a very good business. You don't even need toyota hiace, Siena will also serve. The only problem is this insecurity of a thing, it is out of control now. This is why I'm unhappy with this government, under Goodluck & Buhari the problem was lack of jobs, insecurity was there but less of a concern. But this current government, people can't even move to fend for themselves anymore. Everyone is just living in fear, people can't travel anymore & it is affecting interstate transport business owners. Airports are the ones benefiting from this, because everyone is now forced to use flight. It is a very terrible situation we found ourselves in.

Roseodd:
God bless you sir,I really appreciate your words of encouragement 🤲🤲🤲
I am ashamed to even tell someone or anybody how I lost 40 million naira last year.
I was gambling,I gambled everything away I was onto online and offline gambling

Most of us have also lost money to gambling in the past. There was a day I played one particular type of selection on sporty bet, I selected many games with the option of if few wins, I win the bet, the few I selected still didn't win, it was that day I realized one can't make out anything from gambling. It has been designed to make people lose their money.

Roseodd:
Thank you very much boss my plan is too save for 2 years and move out of the country by then I will be 32 years, hustle for like 5 years and marry,I want to escape poverty with all my life that's why I will marry late,owu is a very baaaaaaad thing,I made a lot of money up to to 40million but I gambled everything away

This is a very good plan if u can stick to it
Although challenges will come along the way, but if u are determined u will succeed. 37yrs is still very ok for a man to marry. I do not encourage men rushing into marriage, marrying early is good but financial stability is very important as well. A family man without a reliable financial plan may end up living a miserable life. If by age 37-39 things are not working out, only then I can advise a man to get married regardless of his finances.

Sorry about your experience, I can see u are being very careful this time around. We have all lost money at some point, it is part of experience. If u don't mind, what kind of investment made u lose that amount, others can learn too.

Roseodd:
120k can't feed me in a month sir that's just where the problem is.
I thought Treasury bill is 25 percent in 91days,that's 900k in 3 months or what I saw online is not correct please can you explain to me sir

No treasury bill will give u 25% it is around 15-16% which is around 80k/90k monthly on your capital & your money will be locked. It is best to get mini bus if u will be riding yourself. It is not even comparable to treasury bill. With mini bus u can cater for your family, pay rent & finance your daily affairs. Even with a 15m capital on treasury bill, u can't get more than 160k a month.

clearcrystal:
This speaks volume about the intention of Dangote himself.
Monopoly shouldn't be allowed in the oil sector

Honestly
Only one person shouldn't be allowed to determine prices of commodity in such an important sector

Monopoly is truly bad for consumers

Tenses:
Onanuga is a perfect example that fools also grow old.

VDM hold tinubu for him ballz and he dey squeeze am badly.

Honestly
You can imagine how presidency can just fly with fake information without verification. No wonder the nation is where it is.

Roseodd:
Should I use my 7 million to buy mini bus or I should buy Treasury bill please
I need urgent advice please

It depends
If u are going to be driving d mini bus yourself it is far better na. But if u are planning to buy it for someone to balance u, better buy treasury bill. Treasury bill is for idle cash, because return is low

MarkNsukkaBread:
I have heard the audio and I instantly knew it was fake

I mean did u hear it on VDM video or from a random platform? I do follow his posts, but I didn't hear such audio in any of his videos.

Bendeco02:
Am not Tinubu's fan but VDM deserve to be thought a lesson.

If that kind guy becomes president, he will be worse than tinubu.

It's been weeks children were k!dnapped, no single statement from the govt. If it were to be in a country like USA, the whole nation will be at stand still till those kids are released. Helicopter will be hovering all over the air space. But somehow u don't think that is a problem, it is VDM that has been constantly singing in the ears of the govt about the k!dnapped school children that should be thought a lesson? I pity your children...

1vandragon:
VDM goofed big time...

BAT's speech is not as smooth or fluent.

Bat may be the most incompetent and heartless president ever in Nigeria's history. But that speech doesn't sound like something he would say to an audience, and certainly not in English.

Did u hear the audio on VDM video?

brain54:
However, a quick check by DAILY POST revealed that VDM has no such audio in his videos....

Everybody just dey take advantage of everybody for this country including NL mods!

I was surprised
I do follow his posts, I never heard such audio in any of his videos

Emzedz:
The dip is still dipping.. hw do I buy these foreign stocks oo.. can't waitt

Hmm

Keith05cool:
One thing is, I direct my complains to the investment package and not to any individual, but some people are bent on using it to insult someone indirectly, you wouldn’t assume you are more intelligent or literate than the next Man because this is a faceless forum, I joined this group when it started with EquityM from the other mmf group, please if you don’t know how to talk it’s better to be silent, and I said please, there are few people who don’t make any comments anymore because of such shits, abeg make some people Dey try to use their brain instead of their ass to think and please respect is reciprocal

Don't see it as insult. Before u invest in gt equity, they will give u test assessment, if u are not ready to lose 25% of your capital, then they tell u to stick to mmf & not equity. The people u think are insulting u are only telling u on time to leave this market, so u don't develop high bp.

Alot of u guys were drawn to equity because u were seeing upward movement, same way the market can go up for a month is same way it can go down for a month or even 6 months, so prepare your mind if u still wish to remain in this market or go to mmf now because your money can still drop more than what u are seeing now. Election is approaching & anything can happen.

vanitybutiwanti:
Nobody is representing two political parties, a lot of Nigerians on social media are not properly educated. OK chinda resigned from PDP at the Ward level and registered as a member of the APC on April 27, the fact that he did not announce it in the National Assembly doesn't invalidate his defection. There is nowhere in our constitution where it is stated that you must announce your defection in the legislative chambers so this case sponsored by Fubara is already dead on arrival.

Why won't he announce his defection as a representative? So he is in APC while representing his constituent under pdp in the house of rep?

Burob:
This people will forever keep deceiving the gullible public, what kind of nonsense legislative drafting NGO is this, they are working for Nyesom Wike, who are dey?

Under the law, only the persons that participated in the selection, can file a petition.

The Judge is throwing it out immediately, they will receive a 100 million Naira transfer next week for playing their part.

Candidate eligibility is the case here, not party primaries.

seunmsg:
Effort in futility. The plaintiffs lack the locus standi to institute the case. They are not even members of APC not to talk of being participants in the said primary election. The choice of a party’a candidate is strictly the business of the party and no one else.

It's a strong case bro

investmentvirus:
As innn, i dont like holidays anymore. 2 days holiday is a lot.
I pray our account balances next week.

The last 30 days has not been pleasant. Stanbic only made 6% profit in the last 30 days.

Without wishing to sound obnoxious, I honestly feel some of u have wrong approach to this equity fund investment. When u start panicking like this, it means u are investing in equity fund wrongly. Equity is long term, any money u are putting into equity must be money u can do without in the next 6 months to 1 year minimum, that's the number 1 rule. If u put an emergency fund into equity, u may end up selling at loss when u need that money.

nairalanda1:
BY 2012 , there were over 20 licences issued for refineries. The only thing stopping them from commencing constrictuon was subsidy.

Subsidy means price controls. Back then, fuel would have to cost about N140 and above to make any refinery profitable. But since government was setting prices at N65 , later raised to N97 and then N87, any bank loaning money for an investor, or any investor putting money into a refinery would have lost a lot of money, so banks no go give loans.

Dangote was able to build a refinery back then because he has other lucrative businesses. Sugar, cement, food, etc. Assuming he could not pay back the loans he took to build the refinery (he spent 19 bn dollars, eventually, 3 billion came from his pocket, 2.9 billion came from the government, the rest came from various banks, local and international), all his lenders need to do is to go to AMCON who will take over his other businesses, and use it to pay them back their money.

That is why subsidy had to go back then, but most Nigerians refused, and tinubu and buhari were busy encouraging them to refuse. See where we are.

Same issue with NNPC, government was finding it difficult to fund refirneries, and subsidy by 1993, and instead of ending subsidy, they took the money used for funding refineries and used it to fund subsides. Result is the scrap we have as refineries now...and every government since 1993 is responsible.

You ended up writing long note for nothing, I said who will build the refinery? Since the subsidy was removed how many individuals have started building apart from Dangote? It means he was the only one that could have also built back then. You think building refinery is building fuel station? Maybe u think the likes of Elemelu & Adenuga can build refinery? Anyone that can build a refinery must be as rich as Dangote or richer than Dangote. Name that billionaire that is richer than Dangote in this country

nairalanda1:
Austria ..fuel costs 1.79-1.84 EUROS...which is about N2861 to N2940 euros.

Better tell us another story.

Before comparing fuel cost to Austria, what is the minimum wage in Austria?

ogascomax:
Dangote is a criminal and he won't hold us hostage with fuel like in cements.
Is agenda of wants to be the only one controlling the fuel industry shall fail.

When Dangote was building this refinery, everyone was screaming fuel will go down to 500 naira immediately the refinery kick off, but today fuel is already selling for 1500. I just hope nnpc is able to fight this, if there is no competition in the market, Nigerians will buy fuel for 5k sooner than they think. Monopoly is very bad for consumers.

nairalanda1:
If you Nigerians had supported total subsidy removal in 2012, or even long before 2006, by now we would have had more refineries competing with dangote.

Who will build the refinery?

Dreal1247:
If importers are hindered from importing petroleum into this country, Dangote will make people to buy the products at #2,000.00 per liter. Even if they are eventually allowed to import the products, he will frustrate them with price. Let more people build refineries in Nigeria for a healthy competition.

Exactly
Fuel importation should be allowed to continue to create price balance, else we may end up buying fuel at 3k sooner than we think.

YouandiAllofus:
NNPC at it again... No be dangote say make una mismanage una refineries.

The NNPC should pick up the challenge of revitalizing it's refineries and sell refined products at a cheaper price. This is the best way to bring down the cost of refined products alongside selling crude products to refineries at a reasonably fair price too.

Oga let them import, it will help checkmate Dangote fuel price. Immediately fuel importation, we have seen how fuel price has drastically gone up.

Emzedz:
Have they ever disclosed the stocks they're investing in.. keep defending them while they swim in billions of profits n spray little gains to investors.

It seems like equity fund is not for u
Were u expecting the market to be going up continuously? All through April, the market was blazing, it is only natural for it to cool off. Serious patience is needed in this market, it is not even advisable to be monitoring daily prices for equity fund, it is not mmf. If u are not ready to take the risk & fluctuations that come with equity, u are better off with mmf.

Emzedz:
These fund managers should be investigated by EFCC n ICPC..

Forget ASI, try to check stock prices, they are still doing badly, the ones that are not doing badly are just stagnant, no upward movement. You can't blame the fund managers.

Bluntguy:
I just sincerely hope Fubara has an ace up his sleeve because no governor can take the nonsense Wike has been dishing out to him on a daily basis and keep quiet like that, no matter what you have done for me. I will use the instrument of my office and fight you to a standstill. Honestly this Fubara's docility is very irritating.

Oga Fubara is not docile
No governor can fight a president
All the governors u have seen fighting their godfathers in the past it is because the president during those regime was neutral. In this case, it is Fubara against the president, there is absolutely nothing he can do.

iLegendd:
You should only worry if the government can take your private wallet, else don't.

The Nigerian government came after Binance some years ago and even stopped P2P and some thought we'll all be dead and crypto won't exist again. Drama is needed for growth.

The only thing someone in crypto should be afraid of is the ENTIRE world having no internet and electricity at the same time.

Even quantum computer can't do anything cuz if it will, normal banks that have lower encryption will be wiped out in seconds.

Not that it can't do anything sha, but it'll be patched the moment loopholes are found.

By the way, children of government officials use crypto the most. If Trump's son, Tinubu's son, Wike's son, etc. show you their numerous wallets, you'll know crypto is here to stay.

Leaders' children are mostly the people that tell their father most things they do.

Na Gen Z dey lead us, so no worry. The father is there to steal, the son is there to hide the stolen wealth.

Very accurate!

kingthreat:
The man is the foolish one here.
Spending only 50k on himself.

Even that 50k still goes into the family like light bills, health, house rent etc. That 150k will probably be for food, the man will still be the one to pay some bills from the 50k.

PigTormentor:
They are having an open primary where anyone is free to contest.
Your cult leader is running around looking for free ticket.
The Agulu packaged fraudster is using excuses and playing the victim card to get free ticket where he will be the sole candidate.

You guys sabi deceive una selves
So if someone is to challenge Tinubu under APC is an unpopular person like this guy? This one na arrangee, no be primary. APC presidential primary was needless, except it is part of Inec requirements. Nobody will dare to challenge Tinubu under APC.

Jakpon:
It was a charade yet the turn out was mammoth and unprecedented. Meanwhile these are just party delegates voting in a Primary Election. What then do you think will be happen when we get to the real deal; the General Elections itself. Una think say election na by social media noise. Lol. Tinubu go teach una Politics 101

My point is the primary was needless, since even a baby know nobody will challenge Tinubu under APC. Maybe it's part of Inec requirements.