₦airaland Forum

Dottore:
The truth is that it will take at least one month or even two for price of commodities to really reflect the naira appreciation if the naira sustains it's strength against the dollar.

Most likely more in most cases. One month is too short a settling period!

oloriooko:
So na now yeye Sahara come dey talk this?
Why was this not brought up before the elections?
Our useless journalists seeking revenge instead of being fair in reporting

Spot on.

People have issues oo..... SMH!

Smh.

optional1:
same reason why guys won't see their wifey for life.

Fu...cking moro...n!

dayosaurus:
Thank God I sold all my dollars last week, I for Don get hbp now

Nah your type? You get dollars?!

GTFOH!

mamagee3:
[color=deeppink]Hi all, my boyfriend hasn't called me for the past four days, what could be wrong?

I don't want to call him first because he hardly picks my calls, I have to wait for him to call me.

He usually calls me like everyday. We last spoke to each other on Sunday.[/color]

How old are you?!

firstclassmumu:
43 million? Na wa o even 500 naira self dey hard me to win

Betting is not for you!

NwamaziNwaAro:
He is qualified to be a

Spectator

it is not a laughing or joking matter!

Babachir Ole!
Go and clear yourself!!!

3rd class or not, the most important thing is that he graduated yeh?
CASE CLOSED!!!!

Waaaaaaaaar!

jieta:
you just describe your father with your last word because it suit him very well.

Jieta come here, let me send you to your father again, you bloody dingbat created out of an illegal mating session between a donkey and a retar...d!

jieta:
mad man! you are notice, now run along.

Your father is mad, you fu....cking vapid troglodyte!

jieta:
how will you know a mansion when you have not see/enter one.

It is seen/entered one, not see/enter one.... Daft sod!

I am sure they farted in the pool too

enshi:
Have been dating my gf for six months now and for real i love her...
She is a banker and we met at the bank too... And sincerely she is pretty..

The issue at hand is she is always changing her dp on whatsapp and she keeps uploading selfies on fb and i am beginning to think she is seeking attention or trying to impress someone cos she is quite aware i dont like it.. ..

I have discussed it over with her more than four times yet she keeps doing this and has vowed never to stop ... As i write this piece 9:17AM she has changed her whatsapp dp twice ( one pic this morning at the office and the other one she had Before leaving the house).. We dont stay in same state though

Pls i need mature conttibutions on what and how exactly to tackle this and what could probably be the reason behind this

Mind your business... She is not your wife, only a gf... If you are not happy, jog on and find yours!

Serves the bloody python right!

Inspirational..... Tony Elemelu is a titan
Happy Birthday Great Man!

Chai..... Crazy!!!!
Like that?!

Weyrey re ooooooo

Barbaric.... I just dont understand how one human being can kill another just like that!

IPOB mummy wailing

Olafashion:
Awwn... Black be killing it!

What?!

Fatso meet Fatso

The downfall of Dino......... loading rapidly!

Daaaaaang, totally mangled!

walexy100:
LAPO microfinance bank who claims to help the poor, is number one exploiter of the poor and illiterates.

Scenario: You borrow N100,000; with a monthly interest rate of 2.2% and another 1% imonthly contribution

Before you are given the loan, you pay administrative fee of 10% and insurance fee of 0.5%. Assuming you choose a tenor of 6 months, here is the break down of everything on N100,000 loan.
Admin fee is 10% of N100,000 = 10,000

Insurance fee is 0.5% of N100,000 =N500.

You must pay N10,500 Upfront before you're given the N100,000.

After you are given the loan, this is what you would be paying monthly:

2.2% x6 months x N100,000 =

13,2% X N100,000 = N13,200 interest

plus

1% monthly contribution is 6% for the 6 months tenor

6% X N100,000 = N6,000

So, add the loan, the interest and the minthly contributions

You get N (100,000+13,200+6,000)

= N119,200

Your monthly instalment is N119,200/6

= N19,867
N119,200 +N10 ,500 (Admin/insurance

= N129,700.
You pay N29,700 interest on N100,000 Loan in 6 months

29.7% interest rates in 6 months and approx 60% annually.

LAPO LAPO, tell me how you lift prople out of poverty whereas you are making them poorer.

What are you talking about?
It is a high risk loan... Most MFBs give out loans that are rated high risks because there is no collateral or a gaurantor and the chances of default is deemed high... There is a baseline and a cap on maximum you can borrow, once you build a credit history with most of them, you get better rates on subsequent facility.... The first few you pay through your noses, you just need to be sensible so you can pass the cost on for whatever purpose you need the loan for, as to cushion the financial impact.....
My only issue is that anything charged should be made clear in black and white, no hidden or spurious charges, simple!!

#JesusWept