₦airaland Forum

Dfavouredone:
Reap them off, how Na me get MBA Forex or an me get Returns Market Investement.

Invest wherever you wish my dear, let me not distract this thread.

I was just surprise that people are stuck to mutual fund. If they are scare of forex, what about agriculture - many pool funds agriculture venture are giving rates up to 40% per annum (I won't mention name of any of the company so that I don't seem to be talking for them, google is your friend).

Investigate and get information, mutual fund is not the only legit passive source of investment. Goodluck.

It shouldn't be anybody's business how people want to invest their money. If you have any form of investment and you are able to convince people by your explanation I am sure they would invest.

Not to come into a thread meant for a particular investment thread to make jest of those investing there because of your own personal agenda that you may not even believe in. If the pool funds agricultural ventures like let them be giving �% rate per day.

People will only invest in what they understand.

seyisanya:
Please, let them be. They like it like that. Is it your 5%?

Everyone should invest according to their risk tolerance.

#AvoidPremiumTears; #DontLoseYourShirt

No mind am. He wants to reap them off.

Bread prices increased immediately after the lockdown was partially relaxed in Abuja so there has been intent to increase price

In Nigeria citizens have always look for ways to rip off their fellow citizens in any situation be it good or bad.

I remember vividly that farmers were the first to be considered in relaxing lockdown. It now means the consideration was of no effect.

They were considered for closing the border and Nigerian rice that was selling about N13,000 went straight to about N20,000.

Price of fuel was reduced from N145 to N123 during the lockdown but transport prices was increased. From Zuba to Area 1 was jacked up from N250-N500 even while flaunting the instructions of the number of people to carry.

Okay make people no just get contrary view or have other view to the discussion again because we are talking of Nigeria and Nigeria does not comply with any economic law.. Yet it's common economic law of demand and supply that is affecting Forex in Nigeria.

DexterousOne:
It's very unfortunate really.
How we opened our eyes and let this man do this wreckage to our country

Now many investment platforms returns have gone sideways, as a direct result of his misgovernance

And to think many still try to defend him and his incompetent government is still mind boggling

Many of those who voted him are worse off today than they were five years ago

I see them begging upandan, looking for school fees money for their kids or even money to eat because they have been retrenched and find it difficult to get jobs
Call me a wicked person or wizard, I dont care

But I'm happy this is happening to them and I only wish for their suffering to increase

So that by the time 2023 comes
With eight years of excruciating suffering

They will open their eyes and vote better next time.


Anyways
Let's just leave the matter as e be...

And let's continue to talk investment

We all have our opinions but please do not destroy this thread with politics and governance issues. The thread may have withstood and still withstanding other investment discussions but politics is too volatile and laced with so much sentiments over here.

Once again, I beg you to please stop discussing issues of politics here so that we can continue to enjoy this thread in peace.

Thank you.

Aflix:
Can someone please enlighten me on the difference between partial closure and complete opening of the economy

It depends on the angle you want to be enlightened on. In the city where I am, market was opening everyday before the lockdown. However, these days market only open 3 times in a week. That's partial closure. As casual and relaxed as everything seem to be, it is still not normal yet. Restrictions are still there in banks and other corporate offices.

Banks like GT, Eco and StanbicIBTC still choose branches to open in the city where I live. If you plan to go to the banking hall these days, you can not scheduled programme on the same day because you may end up spending the whole day there. It doesn't use to be so..

Today I saw people being tried by a mobile court for walking around without face mask. Cars too were stopped and passengers tried. So lots of things are not back to normal yet.

barrwebilor:
Thank u sir. But lawyers cant engage in any other business than practice.

Who talk am?

Nwokeomajayb:
Race struggle is everywhere Mr historian. It’s all about economy and it’ll never stop. Most job positions in Nigeria are given to the Hausas and Yorubas. Because we had history and we ignored to see that Mr historian.

Nigerian travelled to America the black American folks will try to intimidate you by calling you dirty African. All because most of them thinks speaking proper English gives them edge to disintegrate others. They forgot na person grand papa sold there grand papa and mama to the westerners to make more money. I don’t know how the past generations ran the communities, but for me migrating from Africa to America Mr historian I am baba nla.

Slavery business has been deriving incentives way back before black were caught on chains. Yes, we know the history and what can we do to change it? Infiltrate that job and do it way better than others. Get the money and you’ll control the west the way you want.

Mr historian you see I know about the history. No more chains doesn’t mean the fight is over and it’ll never be. Economy will kill us all

I do not know much about other areas of your discussions but the part bolded is not true. Lots of the whites do not speak proper as much let alone the blacks. Yes being there overtime gave them the accents but if you look through the Queen's English as we know, we should be better. That does not translate to any form of development and achievement anyway.

Rose99:
Please help! I have been trying to login to my mutual funds account for almost a week now with no luck. I can login to stanbic bank app successfully and carry out transactions but I can't log in to mutual funds. Each time I try to log in, It will approve my finger print then stay for like one minute then time me out with a massage "web error" . I'm still using the old app. I couldn't download the new app because the reviews I saw wasn't encouraging. I've sent them an email but no response yet.

Same with me. It is telling Account lock. That I should reset password even when I remember my password and have not tried to log in twice recently.

Barrytone:
Profit is not worth a lawyers charge

Don't go and join village things there ooh. Lawyer charge is negotiable and it is from the interest not the capital. You will also not be the only person that will pay it. If it's 10% the loaner and loanee will pay 5% each. If it is 5% you are able to agree you both will pay 2.5%.

Barrytone:
Help a friend, am lendng 10m at 10% to a colleague and am only asking for cheques written on my name for the 3 instalments he wish to pay back. My query is if those cheques are enough security.

Yes the cheques are fine but in addition, you will need to get a lawyer to draft a friendly loan agreement for you. Please note that the amount to be indicated on the agreement as the borrowed sum should be the total of the loan and interest then the mode of repayment in agreement is where the amount to be paid monthly on the cheques will be indicated.


That said, before you finally give out the loan you should have an idea of what he is investing on. Also, incase of any eventuality(death for example: God Forbid) how do you get the money back.. Will the investment continue to fund the cheques account monthly on its own or the cheques account have a way of getting funds itself till the repayment. They should be be at least a trusted third party aware of the transaction too.

https://www.nairaland.com/5995459/mtn-launches-e-sim-nigeria

Is any Xiaomi using this e-sim?

Ojix85:
Hello sir,

I believe there is a minimum amout required to invest in FG Bonds. Can you kindly advise?

How does one proceed?

Thank you.

50M pere... Contact your bank or stock brokers on it.

vegasleo:
Contact me to discuss favourable interest rate deals.

Why earn 1% on your saving when you save with your bank, wouldn't you rather earn 10% on your investments.

Stephaine
Trust Banc Rep
08057312585

It could be a typo error it could be not, it could also be that that is not what you are called, so you won't be familiar with the spelling. You also may not be a woman. It could be that you have other plans. That no too does not carry that name..Karen Udoh is more like it.

debeey87:
How were you able to get across to Veritas, I have tried sending them several emails but no response.

I sent them a mail through enquiry@zenithregistrars.com on 24/06/2020 and got a reply on the 30/06/2020. So I will say they are slow to respond but they do respond.

DexterousOne:
I have travelled enough to know this as a fact


What we think are "highbrow areas" will pass for upper middle income neighbourhoods elsewhere


Have you been to highbrow areas of South Africa for example?

Compare it to the concrete jungles we have


It's just like every other thing associated with Nigeria

Mediocre

For starters, in Abuja just look for the small area called Katampe Extension if the issue is central sewage system and drainage. You will likely not see any electric pole as it usually is in most places because of the underground electricity wiring. Power is not 24hrs but if compared to what's obtainable in Nigeria it is fair there.

ahiboilandgas:
from healthseve to conglomerate to benz boy .....keep changing identity weldone we can spot your writing pattern from a million miles ....

Oversabi worry you here. I was about to say the same thing. Leopard never changes it spots. One line of argument forever. If people refuse to invest in agric business then that are not rich enough and all that...

DexterousOne:
Even the supposed "high brow areas" in Nigeria's look like crap compared to high brow places elsewhere

What we call highbrow area is a disgrace

You really have not travelled round high brow areas in Nigeria or you have not visited any other high brow area apart from that of Nigeria. That may be why you made that statement.

emmanuelewumi:
You can use money from other sources to pay the workers. Because you are a father Christmas.

topsquino:
Well said.

I still don't know how we are so seemingly religious in this country yet many of NIGERIANS would STEAL if given the opportunity

Well, employers are part of the problem too


I've seen many employers in this country paying workers pittance.

Last year, I debated with a friend who owns a hotel about this.

He paid workers about 20k per month and expected them to work 12 hours a day, an amount that he acknowledged that most workers could barely survive on.

He always countered me with the saying "did I force them to work for me."

While I'm not writing this as a pretext to encourage stealing, employers need to stop breeding a climate that encourages dishonesty.

As for me, I can't hire someone whom I can't pay a reasonable salary.

I know some Nigerian workers will still steal even if you pay them well. Nonetheless, doing the needful will reduce the current plague of dishonesty bedevilling this country.


Another solution, which I think would help, is teaching our children/workers ethics.

Forget about the religiousity it is just there without fear of God. Most times even trying business a clergyman is even more dangerous.

As for your friend, I do not know if you considered the capital invested and returns he gets. Also if you consider his contemporaries in the industry to see how low his salary payment is.

Yes, while it is very good on the part of the employer to be considerate in rewarding his employees, the employees also need to have integrity of their own by rejecting the to work for the employer if the salary is not up to their expectations. Not have theft on their mind as a backup plan.

Mind you, no matter the amount a staff is paid or highly placed he is it does not stop him/her from manifesting his lack of integrity and greed if it is inherent. If not why will the manager of a bank branch, the overall boss that branch connive with armed robbers to rob his branch.? Because that is the most intelligent way he feels he can reap the bank and its shareholders off without being caught.

keeper303:
Use cctv to record what happens when you are not on ground to monitor the farm.

Except they do not discover the CCTV is their. If not they will either switch off the power source when committing or look for a way to destroy it completely.

Benzboys:
There is no way to safeguard money without increasing running cost.
If carrying cash to a bank is a problem to you,bring POS and start offering cashback services to clients who need it.
It would reduce the volume of cash taken to the bank at the close of business,mitigating flight risk of workers.
Who want carry small money runaway?
As for accounting for your items in retail shops,I'm sure you know those barcodes you see at the back of items are not for formality.
It records all units sold for pricing and accounting purposes automatically.
So you can just use that data to balance your books using basic arithmetic methods.
Now you would say what if the cashier is stealing manually?Like selling stuff without passing it through the machine or outrightly stealing stuff physically right?
You can fix weekend early mornings when customer traffic is slow for manual checks and balances too,so that you compare what you have in stock,what you've sold(both cash and credit) and cash recovered and compare to see if it balances na.
If it doesn't,whoever manages the premises have questions to answer na,is it not so again?

This man is leaving in a different Nigeria in his head ooo... He did not read/hear about the news of ShopRite staff in a Nigerian branch that was smuggling her personal POS Machine to the mall for customer to use for payment of purchases made some 2-3 years ago.

The worst part is that even as this thread is, many people bring and sugar coat business ideas in order the mindset of scamming prospective investors. We all dey for God sha.

ozymes:
How about capital preservation?

Capital is preserved.

ozymes:
Called the Nigerian Eurobond Fund?

Yes.

ozymes:
Which institution did you use for the dollar fund please?

United Capital/ investnow.ng

TotoNaRubber:
Bro which of the Banks own the dollar fund that earned you this interest. What is the current rate for the dollar fund, it seems someone can invest in it with less than $10k.

Is there any capital risk with the dollar fund?
Thanks

GonFreecss1:
Wanted to even ask, what mutual fund is this?

United Capital../ investnow.ng

Yes you can invest in it below N10$k, I have forgotten their minimum but it should be around $2500.

BOOOMNAIJA:
Only legends can understand....

Indomie generation will think garri was once blue...

Omo...

@ ozymes we can discuss here.

seyisanya:
Please, which of the Dollar Funds? Thanks.

Zumabeezle:
Please can you share the dollar fund you invested in?

United Capital/ investnow.ng

[quote author=X21 post=91588366][/quote]Wow, of its so then I made for not beefing the Dollar Fund ooo.

Desanta:
Between your Dollar fund and the Bond fund which do you think is better in terms of interest accrued.

I don't know how I will calculate or explain it to you but then let me start this way. For the bond fund I started it as monthly contribution of 90k from end of January 2020 (1st week of February to be precise.) I just paid the 6th one for June last week. What is extra after the sum of my 6 months contribution of 90k is N13,000.

For the Dollar Fund, it is a meager amount of $3,000 that I put there since 1st week of March 2020. The extra on it right now is $69.

Above is why I can't expressly tell you which one has accrued more. My aim was to build that Dollar Fund gradually too but I can't afford at the rate it is being sold now.

emmasoft:
If your risk tolerance is low stay away from anything balance or equity funds otherwise you can try it. Balance or equity funds are heavily dependent on the state of the NSE.
N.B: it's not a discredit to FBN it's general to such funds irrespective of the fund managers. I'm with Investment One.

I was about telling him the same thing. I tested balanced fund with investnow for just like 3 weeks and before I could understand it my capital capital of 50k was already reduced to 47k. I could not tolerate it so I ended it. However the Bond Fund, Dollar Fund and Money Market Fund I am testing has been okay.