₦airaland Forum

IamaNigerianGuy:
Is that really the case?

More like HBO using his pals in government ( a certain short northern governor is a silent partner), pulled a sharp manoeuvre by invoking a clause in Etisalat's gsm licence that prevents any third party (including bank creditors) from gaining control.

You must be a lover of conspiracy theories.
A clause that had existed even before the crisis.
Meanwhile have you thought the impact it would have had on Nigerians if banks collectively agreed to sell it?
The job loss?
The loss in revenue ?

Whether " HBO" as you call it puts his man or not is no brainer, the koko is how do the banks get back their money. Or don't you know a defaulting borrower puts our bank savings at risk?

donralph2000:
Hmmm. Now I can relate to another factor.....which I believe is the drop of oil price in the global market since Etisalat is from oil producing state abi This has got to be a case study for other small. ..medium and big companies to diffuse and learn ...... even if it looks fine with their financial reports. So my dear friend......be gentle with your wordings. The quote above is not ideal.

You still don't get the picture. go and research on the foundational problem, come back and read my comment you will get it

donralph2000:
My brother......... I can't comprehend o.....if a company as big as Etisalat is in distress

before you start throwing tantrums, you need to first dig deep to discover the subsurface problem.

Has Glo folded? even small Ntel is still pulling through then why Etisalat? That Etisalat is experiencing troubles doesn't correlate with the small and medium scale bizness. Both have factors that would hit them hard in different ways.

Etisalat crisis is a product of fast depreciated currency

jashar:
ok.

What the hell is CBN's business with Etisalat? Shouldn't it be NCC that would have a say in this?

Uhmmm actually, the people who ought to have taken over from the Etisalat should be the aggrieved banks.

Etisalat owes several banks a truck load of money and defaulted severally in its koan payment. it had to take the intervention of CBN and ncc to stop the forceful takeover.

The crux of the matter is bad management, and I think CBN approved board is a better suited for the job. Banks wouldn't have let NCC appoint members of the board when NCC is out to milk telecoms.

CBN are concerned about the health of our banks, and so would have been better trusted by these lenders to step in and manage the situation

gerrit?

ooshinibos:
the man is brown not black ..however , Ronaldo is not being racist

...and does Ronaldo look white in color even though we know he is white?

abeg call a spade a spade. we often refer to ourselves as black people.
we even have so many mantra to go with it
:

#Black and beautiful
#Black and proud
#Blacker the berry the sweeter the juice
(Kendrick Lamar
#Black is beautiful by (flavour)


We always refer to ourselves as black but because its Ronaldo, u remember its not black but brown

HYPOCRITE

that's the unadulterated pic of soma, looking way diff from those his highly edited pics, lol

porshuch:
8/10 Festac

abeg no be all places for festac oh, my side 3days now no light

JhyMedex:
Boss Boss..that part abt house not being an asset.. I had to read it twice to deduce The wisdom in it..
seems U've read most of his books..

jst finished Rich dad poor dad..

Help me with any of the odas u av pls..

lol yes I have read some of his books, maybe not most but I have read quite a handful and I think I still have them in e format, pm me

ihedioramma:
Please i work out one million for ten years at 18% and got ten million and, did i got it ? .

very wrong

plus 18% isn't really feasible. rates are not usually this high and its not thoughtful to think it will remain like this over the next 10yrs hence I reduced it to 15%

bigW:
Please can you help talk on mutual funds, is it wise to invest in it? especially for stanbic ibtc..

yes it's safe, stanbic ibtc is the no1 mutual fund managers in Nigeria. They have different portfolios one can invest it. Eg if you invest in the money market portfolio, they will invest your money in various money market instrument from tbills, to fixed deposit, commercial paper etc. Its a relatively safe place.

There is a thread on nairaland dedicated for that, I think its started by a guy named ernie4life. Search and read the latest.

I onetime was with fbn quest, another mutual fund manager (first bank) , they pay your profit quarterly (3months). But remember you will pay a tax fee for thier rendered services. so if they are advising a rate of 18% and thier tax fee is 1%, then know ur money was invested at 17%. with that you can compare it with tbills yield to get a better offer


There's a thread on that for nairaland, search for it and you will be updated

fitted60:
I disagree with building a house is a waste of money. When building, you are investing. Mind you anything can happen to stock at the long run. Remember Intercontinental Bank

To the economist a home is an asset.
To the accountant a home is an asset.

To an investor its not.
well let me simplify everything in essence, whatsoever asset that's not yielding income for you daily, monthly quarterly or annually shouldn't be considered an asset to a core investor. If you decide to see it as an asset from the angular view of an economist or accountant, you are still correct.

But when you look at it from an investment point of view, you become wiser.

The moment you see that you can yield income from your house that you just built, you are on your way to turning it to an asset.

With this knowledge, I hope u can understand why
Cars are considered asset to some people and
considered liability to some others?

Iamthoney:
Oya tell us the purpose ooo

According to the bible, Man (male and female) was created to dominate the earth. In the course of dominating earth, to contribute our own quota to mother earth

so that when you end up in hell, you will not say its because u were leaving life on factory settings, hehe.

You were given freewill to customize your life settings, follow Gods word and your custom settings will run efficiently, no lagging behind lol

vivalavida:
So many offerings in my Anglican Church oo

Offertory
Tithe
Covenant seed
Sunday offering
Charity offering
Mission offering
Societal building competition
And Sunday Thanksgiving.

To go church Don tire me sef

why do I have a feeling we attend the same church and same branch
over here they start with :

- offertory then
- convenant seed & Sunday offering
- Tithes and special vows offering
- then birthday Thanksgiving offering
- Wedding thanksgiving
- Prophetic harvest offering if it's 1st Sunday of da month
- Sunday thanksgiving offering (this offering is just to thank God for seeing another sunday lol )
- then lastly any offering to support society or any ongoing church project

I swear its no different than what u just posted, I am Anglican too.

iberibe1:
I am currently doing my ccnp training with him and he has made my study a lot easier. With him, i can confidently say in the next 3 months, i would be ccnp certified

Are u ccna certified? if no, then you can't write ccnp exam regardless of the wonderful training you are undergoing

since nobody is adding anybody to the Whatsapp, how about we resurrect the thread.

maybe with questions, discussions and all.

it seems the admin is no longer adding new numbers, so let's make here useful while it last

if hushpuppi shades dotun, the guy fall hand.


Dotun no reach now, how much the guy worth kwanu to warrant hushpuppi reply.

na people like these dey make celebs live a fake life

omobabalawo:
i was about saying that . nice one. i read his book second chance and that point struck me.still looking for rich dad and poor dad.

I think I still have the book. send me a pm

12inches1:
Oh Robert Kiyosaki... The Rich crook poor crook that made all his fortune from book sales and selling a board game. You think it's so easy to increase your income? If it was that easy, everyone would be an entrepreneur and businesses would never fail.

Call him any name u like, he has inspired lots of people and changed mindsets.
I never said it was easy to create a second income, but when u begin to apply thought process on having something extra, u refuse to accept defeat.

If whenever u experience inflation eating away your income and all you do is just cut down on expenses only. You are simply accepting defeat.

Life has put you in a box and you made yourself comfortable in that box by adjusting your expenses only

You will keep adjusting it till you find yourself eating once daily.

So my friend, thinking of how to create a second income is u taking the bull by the horn.
You begin to seek investment advice and business tips so u can stay afloat rather to bow to inflationary pressures.




feel me?

ubaobi:
How can building a house amount to liability

ur house doesn't put money into your pocket, instead it takes money out of your pocket due to maintenance (painting, soak-away, etc)

To an investor, having a home is kinda a liability.
it becomes an asset when its given out on rent!

Robert kiyosaki says when things get tough ,
don't cut down on your standard of living, instead
think about how you can improve your income.


If you spend 1million annually on expenses
and ur income annually is 3million
If your expenses jump to 2m per annum due to inflation,
he says rather than cut down on your standard of living


Think of ways to improve your income. move from 3m to 4m or more

MrMcJay:
Omonile lawyer has been warning people since the days of Mowe Ofada land scams. Hw has shouted and shouted. It's just a pity that his posts have been submerged by the tons of adverts in the property section.

lol, people don't like to read. I took time to read all through his posts, even down to his websites. I couldn't believe that I was armed with so much info for free...

I learnt a lot, I hope others too will read and learn.
You are doing a nice job reminding us about land deals, kudos

Nairakand lawyer who is the mod of the property section has often spilled out the beans on real estate

Never enter into a land transaction with quacks. always go with professionals . One who knows the tricks and intricacies of a land deal.

Yes Omonile can be dodgy, but if you consult a lawyer who knows how to deal with them, you are sure of your land delivered to you.

On the other hand , a real estate company is a scary deal. Why?

How many real estate coy will show u the terms and conditions guiding the estate before you make payment?

ahow many of them have documents that you can use to verify ownership at the land bureau?

In the end, even if you buy from a genuine coy, you will be indebted to them for life!!!!


You will pay
-development fee
- estate management fee
- you will be told how to build your house
(color,shape)
- some restrict the use of pets (no dogs nor cats)
- some don't allow the use of generating sets leaving you at the mercy of phcn
- Your light bill could be crazy if phcn does " secret collabo" with the estate CEO to milk residents there. etc

#Omonile better pass abeg

[quote author=ihedioramma post=58022972][/quote]Pls use this website to
calculate expected earnings. Just punch in the numbers and the total will appear

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

alezzy13:
Wow!! eye opening!!

Just a clarification, let me see if i get this compound interest thingy. using the first scenario, 5m @15 would yield 750k pa, right? So compounding would mean adding the 750k to the principal and reinvesting, ie 15m +750k = 5,750,000 the following year?

yes sire, that's what compounding means. simply reinvesting your interest + principal. If you happen to add something extra no matter how little at the start of each year, it becomes even better

Happy new month. All I want to say is

Compound interest is a very great force.

take this scenario
A man who has 5million naira saved up and is working, can plan for retirement on time. How?
Let's say he compound his invests 5m annually @ 15% in Tbills and he contributes only 200k at the start of each year. After 20yrs, he will be a multi millionaire, making 105million. screen shot below

Ex2:Similarly one who compounds 1million annually @ 15% and adds 100k only at the start of each year,
After 20yrs, would have made 28million naira

Money enough to train his kids through university by then.

Ex3: For the ballers and top shot callers here, with 20million invested for only 5years @ 15% and with a yearly addition of 4miillion naira.
In 5yrs, u would have made 71million naira
Money enough to get start two housing projects.

One for personal use, and one for rent

#It may seem impossible due to fluctuation in tenor rates and
human desires for worldly things, but I tell u

If you decide to be a true disciple of compound interest, at least in a safe haven like tbills not a speculative market like stocks or lands or currency, You will sure harvest Big Fruits

eyinjuege:
Hmmm, there's something confusing me about this Kcee guy and his family o.

His wife that has 3 children for him that I know, is not this woman in question.

Is he a bigamist or a polygamist?

She even drives a range with Limpopo plates, and a latest Camry.


This guy has another wife, maybe he deceived this woman here. I'm sure that's why there is so much secrecy, and this new one is just looking by the side.

maybe you are mistaking the woman for e moneys wife. E money has three sons and its natural if his wife drives any of his cars

this js a very disgusting way to be married.

If you are not proud of your wife say it, Yes avoid social media drama but not to been seen or even talk about your spouse is a very disgusting way to be married.

No marriage counsellor will advice that

see IK wey dey famz also, don humble because na hush puppy, dey post inspirational quote,lol

thunder go fire ya bald head hediot!

NO WHERE in this article did the EU ambassador say that Nigeria is not a poor country.


The OP just made that up so he could get front page attention, I see lots of people ejaculating already because of the topic.

Read for yourself and u will see the ambassador never made such comment


# WE ARE A POOR COUNTRY!!!

make dem leave matter tell us the real koko.

Tell us you won't lend us more money simply because you are scared of our increasing debt profile and with no feasible plan on how to increase foreign exchange revenue.

coz that's the main reason not all this trash I am reading