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FamilyRe: Borrowing or Lending money from or to in-laws, I need help? by DaBogu: 6:54am On Jul 26, 2020
Ibechris2:
Well said!
A man they borrowed 20k couldn't pay up na 2.3m im go pay?

A man suffered and died without his pension, only to borrowed out his sweat to an in law that does not value help.

U don't gamble with such precious money at all.
True tho
InvestmentRe: FGN Savings Bond by DaBogu: 6:54am On Jul 26, 2020
Emmaesty:
Please what is the latest offer
it been suspended.
InvestmentRe: Bonds Investors Hub by DaBogu: 6:49am On Jul 26, 2020
mimini:
Hello house, this forum has been quiet.Please it is important that it remainsactive for people who are newbies to continue learning about bonds. Pleas house, what is the latest with FGN bonds?

Can I grow my finances by investing in FGN bonds monthly? If yes, please how can I go about it with the same bank bank account? Thank you.
Rates are falling
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by DaBogu: 5:14am On Jul 26, 2020
mufutau55:
Exactly what I can see, the concrete mix ratio is ver my low. Look, you can hardly see any cement/granite mix but sand. And looks like filling was not well compacted either.
Look at the picture #2 for the lousy mix-ratio.

Hajji M.
Sir, please help me with the picture above. Thank you in advance.
PropertiesRe: General Topic Thread-To Discuss Anything And Everything in Building Construction by DaBogu: 5:09am On Jul 26, 2020
Please what's can be done to remedy the situation of the crack wall in the picture below

CrimeRe: My Story As A Cult Member........initiation Phase Included... by DaBogu: 9:19pm On Jun 27, 2020
I was still in school when my younger brother called me and said that an old friend of mine (Bob) had died in a cult clash. I went home for the Christmas/the burial.

Two days later, we were allowed to look through his room and possibly give out some of the things worth giving out. It was in the process of ransacking the house that I stumbled on his diary... the content is supplied bellow with distorted names of people and location to avoid identification... the diary read: NOTE... the story was written like a diary file, I assembled them and so there may not be much unity... just hope u enjoy it all the same.


For two years, I have written parts of this story without knowing what title to give it, of when the reality of what had happened in the first year of my study in the university will finally stop hunting. Maybe you may help me with answers to the questions that leave my heart heavy. Mind you, forgiveness is not an option for you readers. If I have to forgive, god himself will have to apologise for letting them take away the only love of my life. That is if he (God) has a sense of remorse.
Just call me Bob, (that’s the name I have been called since my secondary school days). I may not be one of the most “handsomest” of guys around your neighbourhood, but I sure had my fair share of pretty girls, probably because I was extra- ordinarily intelligent. ( I can’t say for sure if I still am). It was no news therefore when I got admission into one of the most prestigious Universities in the Niger Delta.
Before the orientation for fresher’s started, I had made a handful of friends because apart from being intelligent, I was also a great talker. It’s never hard for people like to build an empire of friends anywhere. And so, like a swarm of bees, we buzzed around campus like every new intake will do until we found ourselves at the orientation ground were our likes converged.
“Your moda boy...” ( I was going to say your mother’s boyfriend in reply to a statement made by a friend when she walked by, the sun gracing her chocolate skin and the short black dress she wore adding splendour to her already awesome body. She was the best creation of women that I had seen in a long time). She soon mixed with the crowd and I never saw her that day...


Two weeks after killing myself over a lady I was not sure to meet again passed without me setting my eyes close to anything like her. I decided to move on and soon, settled to my studies believing I had lost her even when she was never mine.
Then she came again, this time to stay for good. We met in a general studies class. Trust me, I made sure she realised how intelligent I was through the question and answer sessions I had with the lecturer. She was impressed and we struck off a friendship that will today be one of my greatest undoing.
The bond grew and we soon became lovers. She was innocent and lovable, wrote moving letters to me day by day. My studies suffered because they dint matter anymore, for all I cared, her love was enough. Our first kiss was heaven and I promised her there and then that I was never going to leave her.  She dint believe me though because I had a reputation of being one unrepentant player. I made good my promise.
What will turn out to be the beginning of the end to our love started one evening three months after we started dating. She complained of being afraid of losing me after she was threatened by a group of boys that they will deal with her since she had refused according to them to date their friend. I assure her that nothing will happen to either of us and that the threats were just to get her afraid and probably date the said guy. I was wrong.
It was the 6th of March it all happened. I was returning from a party with my girl and a two of my male friends when a car overtook us. The four doors flung open, some guys came towards us and sprayed bullets into our car... i woke up days later in one of the hospitals in Asaba. Mum was there with one of my friends in the car. Jennifer and the other did not survive...

As we prepared for their burials, I got a call asking me to meet them at a hotel in Ibusa... the message was short, the caller said: “we can help you if you want revenge, we can fix that. There was no need waiting for a second call, I went and few weeks later, I became a full blooded member of one of the most dreaded cult group in Delta state.
There was no time to waste, the revenge mission was planned and weapons were gotten with me footing most of the bills. We were to attack on the 3rd Nov. 2012...
... Well he died in the cult clash on the morning of 4th Nov. after a bullet from the rival group hit him. He is believed to have written the following lines just before the operation because they were the last words in the diary...


If I live, I pray to god my soul to keep
If I die, I pray him my soul to accept.
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 5:31pm On Jun 27, 2020
Barrytone:
Don't understand why solar wouldn't be reliable. That's all I use, I rarely know when they bring light which they rarely do. Highest I have recharge was 5k and it lasted 8months. Solar is too reliable. Only use gen for few hours on a rainy day to boost the battery.
Sir, please can you recommend the person that you bought the solar inverter you using to me. Thanks in advance.
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 10:03am On Jun 26, 2020
Kai I have missed
Technology MarketRe: House Clearance Sales.. Come In Here!!!! by DaBogu: 12:13pm On May 17, 2020
HelpeeDeck:
This is what I neee and budgeted....43inch led TV in good shape....45k.....Freezer 100l. Working in good condition and looks new.. 35 to 40k.... New model Samsung or LG home theater btw 40-50k.... Good looking LV parlour Shape chair 90 to 100k.... Mouka big bed and frame bed all together 55k.... Second hand generator that can power 1hp Split comfortably and carry pressing iron for 40 to 50k, quality one. Nice looking Second hand black Tv Stand, 25-30k...1hp Split, good looking and working perfectly well for 30-37k... Blind fold Curtain, nice looking ones atleast 5-6k each.. Nice looking Center rug... 8-12k.... 3d quality design on the wall, affordable one. These are what I currently needed.
pictures
FamilyRe: Borrowing or Lending money from or to in-laws, I need help? by DaBogu: 9:20am On May 16, 2020
sisisioge:
The way God go take bless you go amaze you!...so many irresponsible fellows better off single! Now mama may expire because sis loves her irresponsible husband so much! How could he have taken the money knowing what its meant for?

OP, look on the bright side, this should definitely teach you guys a lesson. Good luck.
Na so
PoliticsRe: *Insured By The Mafia* (A Review Of Prof. Makanjuola's Book By Segun Adeniyi.) by DaBogu: 10:31am On May 14, 2020
shocked
FamilyRe: Ladies,how Do You Handle A Mother Or Sister Inlaw Who Doesn't Like You? by DaBogu(op): 2:55pm On May 13, 2020
undecided
Oluromantic:
The one you've married or the one you want to marry.
FamilyLadies,how Do You Handle A Mother Or Sister Inlaw Who Doesn't Like You? by DaBogu(op): 7:19pm On Apr 23, 2020
Ladies,how do you handle a mother or sister inlaw who doesn't like you?
RomanceRe: How Many Hours Of Light Do You Have In Your Area? by DaBogu: 8:50pm On Apr 04, 2020
Complete blackout
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 1:58am On Mar 30, 2020
IamR:
I am the one. There is a lot going on that we don't know yet. I can't even get the money until a month's time, something that used to take 72hrs.

Beware of Eurobond!
Sir, can you state in explicit terms why we should beware of Eurobonds
FamilyRe: Borrowing or Lending money from or to in-laws, I need help? by DaBogu: 11:01pm On Mar 22, 2020
elektra:
Experience has taught me never to trust family with money I am not ready to forfeit.
A lot of people take family for granted, they will do anyhow with your money believing that you will forgive them. After all they are family.
true tho
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 10:50pm On Mar 22, 2020
travelland:
I guess I should start watching minimalist videos on YouTube
perhaps
RomanceRe: I Have An Idea, Let Love Rule Our Hearts by DaBogu: 3:56pm On Mar 19, 2020
Nice! keep me posted.
InvestmentRe: Forex Trading (part 1) - The Forest (forexia) And The Hunters (traders). by DaBogu(op): 3:53pm On Mar 19, 2020
Na so lipsrsealed
Prost1948:
forex trading is not a game, it is a business which will give a high return for us, we can earn much money from forex trading if we have high experience and knowledge, so it is not a zero-sum business.


no deposit bonus forex
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 3:49pm On Mar 19, 2020
Dr. Tayo Oyedeji
@tayooye
Personal finance in the times of coronavirus.

1/ Times are tough and they will get tougher in the short term.

Here's why:

A supply-fueled recession is relatively easy to resolve. Just produce more stuff.

A demand-fueled recession is tougher: people are just not buying stuff.

We are in a demand-fueled recession.
People are not buying stuff because there is so much uncertainty in the air.

That means non-essential product manufacturers and service providers are not selling.

They will have to lay off their staff (no sales) and the ripple effect will make things worse.

How then should you react?

1. Embrace minimalism.
2. Think liquidity
3. Think necessities.

Let's unpack these items.

Embrace minimalism: buy just what you need and save like crazy.

Should I buy a new car? NO
Should I buy a new house? NO
Should I buy a new (insert anything discretionary)? NO

Just save and wait.

Things will get much cheaper around August so you want to have cash in Q3.

Liquidity: cash is king.

I already alluded to this earlier - hold on to your cash or invest in liquid assets.

I bought a property for $XYZ,Bleep in 2009 (during the recession) and sold it for an 85% profit margin in 2011.

Recessions are great opportunities for people who save.

Think necessities.
You want to start a new fashion line: NO
You want to start a new ad agency: NO
You want to start a new event planning biz: NO

Think necessities
You want to build a farm: YES
You want to start a new school: YES
You want to start a new hospital: YES

Think necessities:

Your new business planning model should answer just one key question in 2020, what do people NEED?

Just like they did in 2008, people will prioritize NEEDS and skimp on WANTS.

Don't get stuck with high fashion products in 2020. You may NOT be able to sell it

Here are the 3 key items again.

1. Embrace minimalism.
2. Think liquidity
3. Think necessities.

We will be alright. The economy will pick up again later in the year.

Just stay safe and socially distant from other people.

All the best. BTW, my recommended liquid asset is
@Overwoodng
. It is safe and highly accessible.
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 7:53am On Mar 13, 2020
7 ways to beat the market recession.


Dr. Tayo Oyedeji
@tayooye

1. Don't "concretize" your loss.

Global stocks are already down 20 - 40%. It will get worse before it gets better, but it will get better.

If you are still heavily invested in the stock market. It's too late.

Don't exit. Just ride it out.

2. Cash is king.

Property prices will soon stumble. Equity prices will become cheaper.

Cash will be the most important asset for the next few years.

Keep your cash in a highly liquid instrument like
@overwoodng
(http://overwood.ng) and wait.

Bargains are coming.
3. Diversify.

It's bad practice to have more than 50% of your asset in any instrument. Diversify quickly.

Have at least three investment classes/instruments.


4. Build some skills.

This is the perfect time to apply for your MBA/PhD.

Wages will stagnate for the next few years and corporations will retrench in large numbers.

You can skip this mess by going to school for a couple years.

I got my MBA during the last recession.

5. Hedge against currency risks.

Currencies across Africa and the Caribbeans will lose value.

The Naira, GBP, Cedis, Rand, and KSh will lose value.

You may want to hold some USDs as a hedge.

6. New business.

This is the perfect time start a new business focused on bargain hunters and the bottom of the pyramid.

TJX has been selling discount apparels for years. But it has grown 1000% since the last recession.

Recessions are great for BOP businesses.

7. Take care of yourself.

Health is wealth.

The NBA has suspended its season; La Liga is off; Universities are closing. This coronavirus thing is the real deal so be safe.

And don't worry too much about money. Recessions are necessary market corrections. You will be ok.
InvestmentRe: Forex Trading (part 1) - The Forest (forexia) And The Hunters (traders). by DaBogu(op): 7:49am On Mar 13, 2020
Yes, be guided.
yazga:
Hmmmmm
PoliticsRe: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by DaBogu: 7:44am On Mar 13, 2020
More cheaper fuel will be available while importing is at over 240 per litres is now landing at 150
coputa:
Nigeria depend largely on imported fuel which landing cost is about 385 naira per litre.She consumes 45 million litres of fuel everyday and our moribund refineries is producing below it's installed capacity which do not meet the domestic demand.So that your analysis is void in the current situation,So if subsidy is removed.there will a spiral inflation
InvestmentRe: Treasury Bills In Nigeria by DaBogu: 7:41am On Mar 13, 2020
Thank you for you input
emmanuelewumi:
Recession will come and go, make sure you are not indebted, live within or below your means, cut off unnecessary expenses, have an emergency reserve or fund that can take care of a minimum of your 6 months expenses, be diversified and have cash generating investments or assets.

Those who have enough cash during recession are bound to have the opportunity to buy assets and investments at good or ridiculously low market because recession creates a buyers market


Las las we will all be okay, recession is a phase in the economic cycle.
what type of assets do you suggest we buy?
PoliticsRe: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by DaBogu: 6:13pm On Mar 12, 2020
coputa:
If the government remove subsidy from petroleum products. a litre of fuel will sell for 400 naira.I guess you know the resultant effect on the average Nigerian. It will affect the prices of other commodities as well,which will lead to inflation.
Never with the current world recession this is the best time to remove subsidy from petrol. It will cost less than N80.
Nigeria cost of producing crude oil is $30
Saudi $2-$3
Russia $2.5
InvestmentRe: FGN Savings Bond by DaBogu: 12:30pm On Mar 12, 2020
United capital
Uchefrancis16:
Hello house

I tried purchasing the federal government bond announced earlier in January through stanbic bank and the whole thing is looking So difficult and confusing.

At first, despite stanbic being listed as one of the places one can get the bond, their staffs didn’t know anything about it. I had to make calls upon calls to their various customer care number before I could get hold of someone who understood me.

To cut the long story short, I went to the bank, explained to the staff in charge of bonds whom as expected knew nothing about it. But after I gave her some specific information about the bond as given to me by their customer care, she swong into action.

But up till now, we are stock at opening a cscs account. I’ve been to the bank trice to ask why it’s taking time, and it’s one story to the other.

Pls, does it take time to open a cscs account? We’ve been on this since January. Last time they told me the ID provided was dark. I’ve given them another ID, yet it’s taking ages.

Also, is there a way I can get this bond easily. I am considering approaching Firstbank.

Kindly note it’s not the normal fgn savings bond with max of 5 years tenure. This one has upto 30 years and with better rates. See screenshot for more details
PoliticsRe: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by DaBogu: 12:27pm On Mar 12, 2020
why?
nuti:
I support all your theories except increase interest rate and making banks hoard more money doing nothing for the economy
PoliticsRe: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by DaBogu: 12:26pm On Mar 12, 2020
Nigeria recorded it first Negative trade balance in the Q4 of 2019 since 2016 N579.06B
Coldie:
Naira is already devalued. Devaluing it more would only make things worst.

Nigeria's major export is crude devaluing the naira would have little or no effect on crude price, I was expecting u to be smarter
PoliticsRe: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by DaBogu:
Policies Nigerian can adopt to withstand current economic Turbulence
Fiscal policies
1. Remove subsidy from petroleum products
2. Higher Euro-bond issuance
3. Tax Cut
4. Adjust the budget to reduce wastage Personnel cost for Budget 2020 for MDS's alone is 2.83trn and aggregate expenditure is 2.78trn
Monetary policies
a. Naira Devaluation will make export more competitive and appear cheaper to foreigners which will mean impotrs such as petrol, food and raw material will become more expensive. This will reduce the demand for for imports
b. Hike MPR to 20% to attarcat FPI's reduce LDR to 60%, increase liquidity ratio to 35%-40%
c. Increase allocation to health by at least N200B
d. Use NTB to support FAAC allocations
e. Capital control
d. CBN should limit government financing

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