₦airaland Forum

Alwaysachick:
I don't think so, they gave judgment with the supposed evidence.

PDP as at then had no case in court, so they didnt fault in any way. But its let for PDP now to proof beyond reasonable doubt that Hope's numbers were falsified.

The time for that has closed now, the Supreme Court has given its judgement and it can’t be reviewed or appealed!

unite4real:
CBN tweet is very straight forward. It did not make mention of BOTH anywhere, instead it says ONLY.

It simply says

"ONLY TRANSFERS INTO DOMICILIARY ACCOUNTS CAN BE TRANSFERRED FROM SUCH ACCOUNTS WHILE CASH DEPOSITS INTO SUCH ACCOUNTS CAN ONLY BE WITHDRAWN IN CASH"

The tweet didn’t say anything about withdrawing electronic transfers. It simply talked about transferring cash deposits. You can still withdraw electronic transfers, but only electronic transfers can be transferred out

zamirikpo:
My dear it's a process, takes a long time to master. I started in 2017 And I can't boast of 60% accuracy. But 40% accuracy is more than enough.

I’m interested. Do you trade via an app? Anyway to learn it?

ChristianNorth:
Exactly what I said. Reversing its judgement in Bayelsa will make the court lose what makes it final.

In IMO, we are not asking the court to set aside itself but to enforce its earlier judgment that declared Nwosu as the rightful candidate of APC.

This automatically will return Ihedioha.

PDP is coming

The Supreme Court clearly asked for Uzodimma to be sworn in. It can not reverse itself. Stop cherry picking. Imo is done and dusted

zamirikpo:
Bia, bia......am just seeing this , what kind of stupid policy is this. I trade US stocks and money is being transferred to my dorm account whenever I need to withdraw proceeds, so now I must use the money online.

I am going to sue the cbn for this irresponsible policy. My hard earned money cannot be withdrawn physically!! WHY.

to what effect.

Please how do you trade US stocks. I don’t think this policy affects electronic transfers. I think it only has to do with cash deposits

unite4real:
CBN is already going bunkers bereft of ideas. I wonder where this will lead. All in the name of defending the naira

I’m feeling with this policy CBN is getting set to devalue the naira

Donbrig:
@aremso, I hail you sir, I have learnt a lot from you posts in this forum. I was not directly referring to you but some foreign elements who wants naira to be devalued for their selfish interest. Nigerians are still counting their losses from the last devaluation. Well, lets wait and see what happens, but I am certain Emefiele and his team definitely knows how to get over this issue of devaluation in due time.

Left for Emefiele the naira would have been devalued since. But Buhari is strongly against devaluing that’s why Emefiele is doing everything possible to save his job. I guess that’s one of the major reasons he was retained. The defending of naira is not sustainable, even if they manage to defend it for the next 4 years, the next govt will be in a huge mess!

https://www.nairaland.com/5691035/external-reserves-slides-27-months

Who knows how much is Nigeria’s debt profile?

emmanuelewumi:
While Davido colleagues were struggling to have their first N100 million about 10 years ago.
Davido already has a head start because he has that to his name.

While his colleagues will use part of their new found N100 million to build a befitting house for their parents , settle their parents and extended family.
Davido does not have to stress himself with that because his parents already have befitting houses, his siblings are doing well because their parents can afford to provide the good things of life for them, his cousins, aunts, uncle's and extended family are equally okay and won't be a financial burden on him.


Donald Trump is a billionaire, his father was also a very successful businessman.

Same as that DJ Cuppy, She’s not the best DJ but she gets more shows, endorsements etc than the regular DJs. The Rich gets richer really, only those who choose to get carried away fall off..

ahiboilandgas:
i like having statistics to make inform decision...how do u explain dangote , sayyu, otedola ,ladi of fcmb ...my friend inherited pal pharmaceutical ltd expand the bussiness move to mozzida hotels ,how about young shall grow,how about gig motors .....

I have always studied the saying “the rich gets richer” and have found it to be true most of the time. It’s easier for the Rich kids to succeed than poor kids. All they they is just commitment while the poor succeed by chance and luck!

Is this good news? For tbills?

https://nairametrics.com/2020/01/24/fg-concludes-plan-to-borrow-n2-trillion-from-pension-fund

Is anyone familiar with this site? Bamboo https://investbamboo.com/
I just learnt about it for trading local and us stocks

emmanuelewumi:
Bonds are from 2 years and above

We have a secondary market for bonds on the stock exchange and FMDQ, you can decide to sell your within 6 months or less

Interesting. Is selling automatic like tbills or you have to wait to see buyer? And what’s percentage loss like when you choose to sell before time?

emmanuelewumi:
Buy Eurobond funds, FG bond or mmf.

There is a rumour of currency devaluation in the next 4 weeks, Eurobond Fund won't be a bad idea

Or buy shares of companies who earn in dollars eg Seplat, Airtel, Dangote cement earns in dollars from his branches in other African countries

Please how can one buy fgn bond? What are the tenors and rate.. Is there any tenor for 6 months?

richforever123:
What exactly is not true? Will any investment company tell you that your capital is not secure, even MMM will tell that your capital is secure

Stop raising false alarm mmf has long been in existence. Your capital is safe.. Returns may be very low. MMM will never tell you your capital is secure. Everyone knows a Ponzi scheme like MMM when they see it

richforever123:
I asked a similar question here, but no one responded, I had to go do some research on my own in the Mutual Fund Thread, after reading from page 1 - 70 here are my finding

You capital is not preserved like TB, in the event that the Fund Managers go down, your fund goes with them
Most have a Tenure of 3 months
You can pull out your funds on Maturity
They charge around 1.8%
I dont know the answer the No 5, a quick Google search will help

FGN Bonds is a minimum of 2 years
You can get at Commercial Banks
Rate are b/w 7 - 8%

Best Regards
Rich Forever

This is not true. Try having a chat with the investment companies to get the right info

ojesymsym:
Oh okay. Makes sense. I do not yet know if they use their site as a payment platform but just to put things in perspective, Nairaland is not https secure right?

Nairaland is. once it has https and shows the padlock symbol, it’s secure

emmanuelewumi:
No need going up and down on the issue, do you have the annual report of UPDC REIT that shows the property in their portfolio?

Send your WhatsApp number to me. I will forward it to you.

I’ll like to have your WhatsApp number

delawal:
don't mind some of this people . the will come inline and be claiming they know so much. don't u see how some just they call money up and down. d ignorant ones will be confused in DT line. imagine someone saying he will buy a house 40m and rent and sell later. some of these folks who he hide under nairaland monikers no even have anything just to dey blow mouth in this faceless forum

Stop this bad belle in 2020 lol

emmanuelewumi:
FBN Asset Management will give you 10%, FSDH Asset Management is still around 11%.

They lend some of their customers money under their Asset Backed Lending Scheme at 20% per annum. I think that is one of the reasons why their money market fund is still at 11%.

Minimum loan is N5 million, collateral are Treasury Bills ,money market funds, Eurobond Fund and blue Chip shares.

Im planing to dump all my tbills money on FSDH mmf till further notice. Since I don’t understand bonds and stocks and won’t have time to follow them up. I hope that wont be bad idea.

Meanwhile thanks for your contributions on this thread. Worth big money..

You are asking people to invest in the real sector because Dangote is a success story but Dangote after his refinery will be focusing his investments outside Nigeria in order to preserve his wealth.. lol

abbey621:
In a country of over 150 million people with over 1 million businesses, I wonder why Dangote is usually the reference point for success? The Dangote that just lost over 70 spot on the Forbes richest list? Nigeria is truly working.....Ode!

Besides the only largely successful business of Dangote is Dangote cement where he operates alone, he is not an example of the ideal businessman to me. A enjoys govt backing. If we were to judge by his other business ventures like his noodles then I wonder if he would still be regarded a success story in the Nigerian real sector

rationalmind:
As of yestsrday, they offered 0.75% on 70m for 30 days.

This means Nigeria economy is largely dependent on tbills.. Why can’t CBN ban banks from participating in Tbills with customer deposits?

ogawisdom:
U are simply myopic or plain ignorant
There are always two sides to a coin, that u failed in business speaks volumes of your narrow mindedness but don't forget we still have many success stories like dangote et al.
If u don't want to invest in the real sector then shut up and accept the 1% on offer n crawl back to your cave.

Crashing TB n FD is excellent for our economy

Using Dangote as an example of success stories in the real sector is laughable

Jejebabaa:
Here you go guys

No way will these rates remain like this thru the year. Na emefiele go tire

ahiboilandgas:
2019 ...we moved a total of 15million litres of aviation fuel 5 million litres of pms for MRS , Onando, ceta , Nigeria airforce using a fleet of 16 trucks ...recorded 3 accidents in april, august and December with insurance paying 80 percent of the loss (7m ,1.5m,5.2m) we also paid tax of about 1.5m and have a wht of ( 5m )....we currently have a court case court against a bus company that hit our tanker....even with the poor Nigeria economy we grossed 150m in 2019

Is this an increase or decrease from previous years considering the poor economy?

Happy New Year

emmanuelewumi:
The rates are now crashing, but FSDH Asset Management will still offer you about 10.5 %

They offered me 11%

emmanuelewumi:
Becareful, a lot of predators will soon send private messages to you. You should also continue doing what produced the N12 million.

I will advise you to invest half of the money on FG bonds and remaining half on money market funds, till you have an idea of what you can invest in. At least this will give you about N1million per annum, that is about 83k per month

Thanks for this, what money market funds do you recommend, and for someone that’s not interested in FG bonds do you advice investing bulk money in mmf?

contumely2:
Sorry, I am not liable for your deficiency in apprehension.

Your a clown and the person that lacks comprehension. Maybe if you took your time to read from the beginning you won’t have jumped with the nonsense you wrote.

Anthony Joshua, Messi, Ronaldo etc are considered as the 1% in their respective countries, I bet you don’t know about that. how many people make money like them and live like them in their respective countries? We are talking about how much is needed for someone to live a decent live in Nigeria and you are mentioning Zuckerberg and co.. Clown!

How many Zuckerbergs do we have in Nigeria

contumely2:
STOP BEING ENTITLED.
What do both of you mean by saying others should desist from calling humongous figures?

Anthony Joshua was paid 30bn for last fight. Consider what will be his personally. How much do Messi, Neymar , Mayweather etc earn?


Zuckerberg earns 10.2m every minute. Yes, 10.2 million every single freaking minute.


Yet people mention a few funds here, and you are inditing this, shouting.

These are existential realities. People live these fantasies.


NOTE NOW that there will always be richer people, more intelligent, handsome, sexier etc people.

It's like a ladder, some are at the top, some below.

You become frustrated when you look only at those at the top.

Look below the ladder and see those whose combined income are less than 30k monthly.
Some are happier genuinely.

I don’t really get your point, who says all the people you mentioned cannot go broke if they live “humongously”?
Nobody is talking about earnings but rather the posts where in relation to someone mentioning “humongous” figures you have to spend daily or monthly to live well in Nigeria!