₦airaland Forum

ojesymsym:
You can add 10m to that 40m to buy the next FG bonds and risk the proceeds from that instead so that you can be sure that the capital is still intact

emmanuelewumi:
Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

DUNKA:
Good day all with the crashed rates affecting MMFs, TBs and Fixed deposits which genuine investment product can one now put his money in that have a reasonable rate of return? Any recommendations/pointers would be highly appreciated.

emmanuelewumi:
Why should the repayment come from Nigeria? Unless if you earn forex in Nigeria or the investment will earn forex in Nigeria.

emmanuelewumi:
Are you making your income in forex? If yes you can go for it


Study and observe the banks, a lot of them hurriedly liquidated their forex debts some few months ago. Not quite long Naira after this, Naira was devalued

awesomeJ:
It would have been good in the days of 182 day bills at 17%.
You'd just be buying t-bills and collecting interest to service the loan every 6 months.

But as with most business loans, you have to be sure of a venture that returns at least twice your finance cost ( that'll be interest + exchange rate differential in your own case)
for it to be worth your while.

4% is a good rate.

If you were in the US, it may be better to buy some healthy index Funds that you' LL cash in on buy Q1' 21. Because there's hope for more stimulus money that may push the market some 10,15%.

jedisco:
Hehe.... No need to worry yourself. You got in at a good time. There's always another buying opportunity. I'd advise you keep your cash in hand and look towards locking in profits. A significant buy opportunity should come within the next 1-5 weeks, you want to be ready for that.


I believe the real party starts next year.... But we're at a zone where smart money or people who bought largely at 4k and 9k will be dumping their bags on new entrants who believe it's going to the moon. It's very unlikely to cross 19-20k without significant blood first... When every analyst starts telling you it's going to 20k, you can be certain it'd likely do the opposite.

You don't want to give your profits back to the market. Nothing feels better than selling your bags after a good profit and buying lower. It's impossible to time the top so it's always worth taking profits after a significant run up except you're in it for the very long term. But even at that, you also want to compound your profits.

XiaoLi:
Yes i did but that was just a chunk of my capital.

Phraences:
Please when is the right time o! When it was $380 - $400, people said it was not the right time, that CBN is making moves. That they will soon start selling dollars and the naira will rise. Later on they restricted forex for food and fertilizer. I don't know if that has helped. Exchange rate is still hovering around 445. Some people said when Dangote refinery is completed, the demand for dollar will reduce and naira will appreciate. That change is coming soon we should wait. But this country just seems to want to defy all economic indices. Who knows what the exchange rate will be like in 10years. I wish i had listened to the people preaching dollar savings when dollar was $360 and lesser.

XiaoLi:
I am just managing 5% in commercial paper and low rates in other investments while waiting for dollars to drop so that i can convert all my naira to dollars, I will never keep more than 10M in naira again once dollar drops and this is the last time i will be caught in naira devaluation, tbills, mmf, cp e.t.c in Nigeria doesn't worth it..once there is a devaluation you will lose all the gains and even some of your capital.

amdman:
A machine indeed!

manee2:
Threat to Life
Serious offence

RayRay06677:
Which one is v bank

haroldenke:
I need to make EUR 100k but i dont have a Dom account, even though I open, I cannot wire EUR 100k at once due to cbn max of USD 10k per day. Any legit person, BDC or company that can render me service on this with good NGN/EUR rate?

IamR:
He said Jesus scheme

blissbliss:
ES330 has more affordable parts between the two. ES350 parts are even costlier than those of RX330.
It’s also has a better fuel consumption.

You can’t compare the parts or fuel consumption to the typical Corolla/Camry. It’s luxury, it consumes more fuel and the parts are more expensive.

just2endowed:
He took pictures with the founder of MBA forex. I guess he is trying to dissociate himself from the fellow.


https://www.youtube.com/watch?v=L44WTDwo5a4&t=5s

fuckboys:
Typical Nigerians mentality . If you're looking for the bolded in a car, please stay away from lexus and go find your self, Toyota Camry/Corolla or better still Nissan micra or golf 3.

Luxury cars are not for everyone!

amdman:
2005 Lexus ES 330

Minor scratches on body

158k miles

N1.7m

SamReinvented:
I really don’t like to comment on threads, as I prefer to just observe. But... I wanted to do something for humanity today.

For those who have ears, you really should listen to awesomej and sell your dollars if you still have some right now at this late hour. The price is gonna balance with the official rate soon.

I don’t need anyone to believe me or counter me. Na just advice I dey give. I already made my own buck. Converted all my naira savings/investments to USD at 370 back in March when I felt the pressure coming. I converted all of them back to naira at 470 immediately they announced opening of the international airport (As I knew BDC would have to open to retailers). I have successfully dodged the bullet of devaluation and inflation and even gained a lot. If you are still holding dollars, OYO is your case o, unless you’re willing to wait another 4 to 5 years, when something drastic would happen and there’d be pressure again on the currency.

Okay, bye for now.

TransAtlanticEx:
This is why I like cartel businesses only,mumu speculators are beginning to dash aboki their money and spoiling the business.
Foolishness

TransAtlanticEx:
I see something happening on the 7th of september,2 outcomes;
1)CBN will sell dollars but in small quantity,that will either not go round amongst all BDCs or will go round but in very minute quantity(this still breeds scarcity).
This will have so little impact on the price market for fx,especially with increased demand due to resumption of international travel and have rates shoot back up again to the mid 400s.
Or
2)CBN will be bold enough to release much funds and risk destroying its $35B which will totally collapse its naira las las in the long run which I know they can't risk...
OPEC is beginning to ease oil cuts which might bring down oil price again or stagnate it,which means less inflow for the CBN and we also know remittances and FDIs or FPIs are out of the picture this season.
Cheap dollar people,don't be optimistic yet,e get why
Next week will be funny,we dey wait...

Novartis:
Inflow

Novartis:
Do $50 bill and $100 bill have the same value ?

Also, who knows the current exchange rate of dollar/naira as at today

Kendumazy:
It's crazy. Let's watch out what comes up in the coming days.