₦airaland Forum

Amisec: Morgan capital is dulling investment oh!

First online transfer I made to my morgan acct has not reflected, after sending three emails to morgan, no response.

somebody help!!!!!!!




NEWBIE[color=#000099][/color]

Make deposit directly at the bank next time and it'll reflect in your trading account in a matter of 1 or 2 hour's time.

dav8id: thank God for today market.

No more size 29 bag only 32 bags. Price as today market is N22,500 (well dry and fully loaded with extension on the bag)
But too much of market charges which include land fee,uploading of produce,bag measurement fee,bag stamp fee, shaking and sewing fee,gate pass fee and ministry of agric task revenue collector

Recommendation...

Never use assakio market again unless if you are ready to pay all the uneccessary fee. Yes any other market one most pay such fee but not so high as assakio market.

Ashangba market is the best follow by agyaragu market,cuz u can store ur produce within the market and that save you some extral fee.
Ashangba market store fee is only pay whenever you come to pickup your produce and there is no duration limit but heey its not all the store but a brother store and it cost N200 per bag.

I will upload live picture of today market activities and tomorrow market (ashangba market) .

David live 4rm lafia.

Catch you yah

EXPO..
Make sure that they measure your bag before loading it with egusi if not they will endup using size 30 for you in the name of size 32

KEEP UP THE GOOD WORK.

Onegai: Actually, theories exist because they are right. Let me explain how the cost is passed down to you.
You hoard the goods and sit on it till demand exceeds supply. Then sell for an inflated price. While you are happily counting your profit, the buyer has to transport it to a market for consumption, to cover his cost of buying expensive from you, he and his driver inflate their own transport price and sell it to market woman at 200% more than what they buy from you. Market women then inflate and sell to a consumer for 300% inflation.
That is how 6 big oranges from Ondo state bought at N50 end up costing N400 in Lagos (my personal experience).

Problem is, the city consumes a lot of food but provides even more to the countryside. So because it becomes so expensive to live in the city, it costs even more to send products OUT of the city (petrol in Lagos is N97, the farther away from Lagos it is, it gets more expensive, upto N150, because the ports are in Lagos and they have to be transported). Same thing happens to other commodities like clothing and building materials, cars and anything you cannot buy in your village/town that must come from the city: those that live in an expensive city will not sell you their goods cheaply. So building a house in Ondo becomes more expensive and having a car in Ondo costs more (mr Biggs in Ondo town is more expensive than in Lagos because they add the fee of transporting their packaging to your food, same with mineral and beer in the east, a crate is more expensive than in Lagos). Inflation doesn't go away by itself, so inflation in Lagos will be transferred to you in Awka/Abeokuta/Lafia.

So your profit goes into buying expensive city items. The only reason your electricity bill in the village is not more expensive is due to government regulation. Even that trader buying from you has less money to spend in the trickle-back chain and if this year, he bought 10 bags, next year he will buy 8 bags, so he can maintain his profit. So you lose in the end.

There's a reason governments regulate the prices of stuff even when not in season. It's to ensure profiteering doesn't destroy the economy. And while you are there depending on your agent to sell to a one-man business, companies like Spar are looking at setting up canning factories close to areas where food is produced, so they can package their own and sell at a fixed price to consumers. There are a lot of consumables people no longer buy in open market but go directly to supermarket because it is cheaper (I buy poundo yam in the supermarket because it is N40 cheaper than in open market). Yam sellers are now losing profits because a lot of city people are buying like me, so they are forced to sell to the company that make poundo yam at a reduced price.
Economists did I get it right or I goofed??

May i ask your candid opinion on what should be done to the excessive produce of these farmers who have put in so much into their farm work and now expect a fair reward for their labour? Or would you rather wish to see massive waste of the harvest of these farmers?

dav8id: I salute ur courage and also put u into consideration as more agro business idea will flow,though this time its not going to be openly but strickly on invitation and its free of charge.

So far so good 10th nairalander invested in the egusi business.

Though i haven't invested i can't but commend you on exposing ways of making money in Agriculture. Keep it up and more grease to your elbow.

henrimoto: Business wey sure pass stock exchange market.

True talk bro!

dav8id: thank God the guy said he make money from the business but its very risky . Any risky in cash and carry ? You see the produce, your local agent tested it and confirm it if its well dry and good for storage .so what is the risky here.

@All i urge someone to just make a trip to that market and see money d flow..

Pls tell us d best time to buy and sell.

[quote
author=stokfrick]initially it was like there were no bidders anymore . all of a sudden 20
million units on bid. be alert the cowboys are still there ready to buy
more. transcorp presently on full bid. jst gathering momentum. a
reflection of position if institutonal investors and what lies ahead in
few weeks time.
i just discovered that the direction of the price of stocks with nice
future prospects lies in the power of already positioned investors to
hold their ground. its a thussle b/w buyers and sellers.
for those already in transcorp pls hold ur ground. the bidders will bid
move the price up when they see u r not ready to forfeit ur position.
tnx 2 itrade. no more blind panic selling.[/quote]Quite interesting!

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Like most naija guys, I don't like dating virgins unless it will lead to marriage.Pls don't get me wrong i adore virgins (had one sometime ago but couldn't do it).

Becos man is a very proud being by nature,i believe most guys would wish 2 be d 1st to mount their wife.

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What i understand:
1.Will is engaged to both ladies.
2.Both ladies are related 2 u.
3.Only ur cousin is pregnant.
4.Will is a player.

My recommendations:
1.Don't tell both ladies, because they might both loose him.
2.Only tell ur friend cos she hasn't got as much to loose as ur cousin.
3.Remember ur cousin is pregnant and abortion is crazy.

Goodluck!

As a youth it grieves my heart greatly to see my country sail like a ship without a rudder, especially under GAEJ. I can see now that he has nothing to offer this once great country. so as to restore it to greatness.

I have a strong feeling that there are very powerful puppeteers controlling the state of affairs of this country.Obviously their control has been made easy by the president's overwhelming dependence on them. I see them reducing him to nothing. We truly should look forward to the emergence of a saviour,GAEJ is not the one.Though we strongly believed and hoped he was the one.

I do recall very clearly, the night of the PDP presidential primary and how majority of Nigerians stayed all night counting votes . . . my heart weeps for this country.

As for Reuben Abati, he should learn to respect men of integrity like Pro. Chinue Achebe and stop running his mouth.

Just so you know, i am from Rivers State.