₦airaland Forum

Itsrm:
Then you buy more, average down and hold. Long term, Naira will always lose against the dollar.

Buying more might be a very big risk, from the information I got from an impeccable source, FG wants to digitise dollar in Nigeria. Like turn into crypto form to curb hoarding and speculation. Hoarders and speculators are the major reasons why the rate is astronomically high. This policy is likely to be implemented next year.

I will stop buying as from next year to see how it goes

Omoapena:
What if the dollar crashes to 800naira?

I will lick my wound and accept my fate. No Biggie!

But I make informed decisions, dollar will get to 1200 -1300 by December. With that alone I don make cool 200k and above.

Yuletide season, there is always a high demand for FX. You dont need a financial analyst to tell you this.

Itsrm:
You bought dollar(cash) at 980?

Ask for help, if you need help, I can hold you by hand and show you how to get a good deal at Parallel market.

Itsrm:
Hope you know Camrys and Es share a lot of mechanical parts. If you're getting by with your muscle, he will with the ES

6 years experience on Ehailing and 0 experience nah the same thing.

Itsrm:
Yes, I'm not. But everywhere I go, I know the exaxt amount of fuel that will take me there. What makes ehailing different?

Besides, he has bought the car already. There's no harm in trying.

Baba, Personal driving and Ehailing driving na 2 different ball game, buts let not go deeper into that.

Now that he's bought it, I could give him some hints on how he can maximize profit with big tanks or else he will be accruing losses everyday.

Glithronix:
Why Big daddy not included

I drive Toyota Camry muscle. It's almost the same thing with big daddy. It's for experience drivers who know how to maximize profits in this perilous time of our Economy not for newbies who wants to start this business afresh.

That's why I didn't include it

Itsrm:
You should have asked before you bought it na.

Since you have bought it, as long as you keep the car in pristine condition(o2 sensors, coils, plugs, airflow meter, e.t.c are in optimal condition) and you drive yourself, you should get by. The rated mpg is 18

If you drive 200km a day and work 6 days a week, you would have spent N12,000 extra on fuel a week (N2,000 a day) compared to someone who drives a Corolla in pristine condition and maybe N6,000 extra compared to most corollas on the road since they have one issue or the other affecting their fuel consumption.

Most of the routine mechanical parts like brake pads, linkages, filters e.t.c you'll be changing frequently are not so expensive compared to corollas.

You can give it a try. All the best.

You are not an Ehailing driver. From your advice I could tell

Ember investment Alert

Just bought 500k worth of dollars from Aboki yesterday. Hoping to make 700k by December period.

Extra 200k change doing nothing.....Passive income !

Currently at N98O. Maybe by December e fit enter 1300. That's good profit for me.

mcyemite:
Good day everyone that has been upholding this thread and helping people find their feet in the Uber/bolt hustle...

Please guys I have a question,I just got hold of a lexus Es300...please is it good for Uber .I intent to drive it myself .

Lexus ES300 is not a suitable car for the hustle.

1. It's 3.0 litre engine. It will consume more fuel, not fuel economical

2. It's 70 litre fuel tank. U go buy fuel taya. full tank na 42k, Half tank 21k.

3. Lexus part are very expensive. One small damage will swallow your 3 months earning on Bolt and leave you with nothing to save.

4. It will take you 6years to recoup your investment. By that time the car fit don quench before the time reach to reap the fruit of your labour

5. Lexus ES300 is too big to navigate the nooks and crannies of bad roads of lasgidi. Danfo, okada and keke will scratch your car easily. They will dent your car. You can't navigate Bad road easily with big cars like ES300.

Solution:

You need a compact car like Toyota Corolla, Toyota Yaris, Toyota Matrix. These are the 3 best for this business. They are rugged, strong, reliable and easy to maintain. And fuel efficient

Fibel:
Hi guys , trust the hustle is going well .

Putting up my car for sale due to relocation.
Toyota Camry 2009 SE @3.2 .HVAC (cools on and off) and front bumper needs fix. Used by me since imported in 2021.
Zero nine zero one seven six one two six seven eight .

Relocation? Canada, UK or Yankee?

Me too wan sell. I wan relocate

PuZZyNegro:
Please, can I sue Bolt for this? Especially when they block me because I believe this should be against the labour law.

Nigeria is a failed country. you wont get justice if you try it, instead you would waste your hard earned money. if they black you, just accept it. and move on.

Pearl1910:
What God cannot do does not exist

Asper Driver score, when u see a trip u know u will not fulfil, no point picking it. Just decline or ignore till it rings out.
Then when ur acceptance rate starts to go too low, before it reaches 50, u start accepting and cancelling.
This way, u maintain both parameters above the threshold.

Pearl you know all this things you no talk on time, if I tell you how many drivers wey dem don block because low acceptance rate, you no go believe. 6 in 10 drivers are on suspension including me. How to get my account unblocked is what I have thinking since 5days ago

MrReeseG:
No be so baba
Me self look map before I enter am
But I been dey last leg with bolt, declining would have sent me on another suspension.

Nah this acceptance rate dem take block my account with no timeline. 5km to 20km pick up consecutively, non stop. I kept getting far distance pick up till they block it

MrReeseG:
Meanwhile, I dey redemption camp I no see return trip to island o. Wetin make I do?
Where make I move go?

drive empty to Berger or alausa set destination to island

Omoapena:
Now imagine picking someone on 2.4surge from mainland going to lekki and you're stuck in traffic for 2 hours

. Gbese for the rider . But really bolt don't read like before again in traffic, they just top up the actual fare with small change when there is traffic. Their prices are more fixed than dynamic nowadays. Work is sweet when road free.

MrReeseG:
Summary of all you need to know about the Third Mainland Bridge repairs starting Nov 1 :

- The bridge will NOT be totally closed

- The repairs will start on November 1 2023

- The repairs will last for 3 months.

- The bridge will be closed for 4 hours on weekdays

On weekdays, the bridge will be closed by midnight and will be opened by 04:00 AM

-The bridge will be closed throughout the WEEKEND (Saturday and Sunday)

- On weekdays, road users will have access to the bridge from 04:00 AM till midnight (No need to panic)

- The maintenance is needed as the bridge is old

- Replacement of railings, installation of solar-powered lights, and installation of CCTV cameras are all part of road maintenance plans

Summary:
Mon - Fri: Road closed from 12 midnight till 4:00AM
Sat - Sun: Total closure


Forwarded as received

This people don spoil work for festive season. The kind traffic wey go dey happen now, no go be small thing

Omoapena:
Bolt is just annoying now, they expect you to waste fuel to pick up someone so far from you for a trip of 2k
Where is sense in that...

There are no much cars like before. Fuel subsidy removal is affecting the business. Alot of partner has withdrawn their cars from the platform as drivers are not meeting up with weekly rental, and even the weekly rental of 30k or 35k didn't increase in this current inflation. No reasonable thinking partner will rent his car out for such amount weekly especially if the car is Tokunbo. Even naija used don cost. Car owner drivers and higher purchase drivers are the only ones on the road now. I guess thats the reason for Long distance pick up. They need to work on that long pick up or else they will end up blocking all their drivers, cos no driver likes long distance pick up.

Welz:
uber is far from perfect, some days you will go out and come back vexed and angry..other days you will smile. their current promotion of 11,500 per day(after 15 trips) is what is still keeping me there.

Wow! They use to be number one, Bolt overtook them, now Indrive is the rave of the moment. Currently Indrive has more drivers than Bolt and Uber. Every blocked Bolt drivers has ported to Indrive, if you ask majority of them, they will tell you Indrive is best thing to ever happen to them, because of 10% commission and freedom to choose their trips. But their fare is what I don't like, it's very low except when there is surge on bolt. As for Uber, from what you just said I think half bread is better than none. I will register with them this week. A friend of mine told me Uber has the best surge. Christmas season is around, there would be scarcity of ride. Demand will be very high. No matter how imperfect Uber is, I will still make some good cash

northbird:
I have a guy on our group that finished HP in18 months.. But it wasn't strictly via Bolt,/Uber.. He got a lot of offlines travelling..interstate..

There was a particular one he got to Abuja to and fro around 200k. When fuel was still 460 +.. and numerous offers like that.
The earnings from the offline travels made bulk majority of the repayment plan.

From my observation, the longer the
HP tenor, the less likely the chances of completing the payment.

18 months ! It takes God grace, hard work, focus and discipline to pay off higher purchase in a short period of time

Welz:
i drive on uber...nothing concern me with gross..on uber we talk only about net. that Sunday in particular was full of surge trip..i used 15k fuel to NET 58k

it seems I would registered on Uber, are there trips on Ubers. Is it profitable driving on uber

Bolt blocked my account because of low acceptance rate. How person acceptance rate no go come down when I am getting long distance request of 4km to 20km and above.

I have rida

I have Indrive

I need either Bolt or Uber for Christmas season.



.

Where is Cheerful Giver? e don tey

Felicity0001:
Naira all the way...

Despite the inflation those in diaspora still preferred to buy cars, phone and others here in Nigeria than shop it in for relatives from Yankee.

If you think I'm lying ask Dru

Lies

A lion begets a lion. He doesn't want to be under is father's shadow anymore. He won't do much exploits. He wants to leaves his father's ministry for God to use him mightly. There limitations to what you can do when you are still under the tutelage of your parents.

hefelove:
127k for $100 Nawa o

No capping. Confam truth

hefelove:
Incase you Dey collect dollars, pounds or Euro for bank, please always take pictures of them in the bank, I’ve seen tweets of banks giving out fake of these currencies and they later denied it, it’s only videos and pictures taken in the bank that they showed as evidence

Thanks for the Advise. I withdrew $100 from my bank today, I check am well well before I change am for aboki hand.

$100 = 127k. Agba baller !

Omo naira don cast. Tinubu has finished Nigeria

I made Almost 50k profit,

when I invested in dollar. It was #740, now #1270. It's well with Naija

tojahh:
But na $700 dey here na? Why you remove 2 pieces come dey make illustration with only $500. Baba I don't like what I hate.

it's just a survey

lanrexdo:
Boring thread.

No single different between those baba at taxi park in garage with Cho Cho.

The only difference is that na hand una dey use do una own.

Wtcheww.

We dey rub mind . Meanwhile I wan conduct small survey here. Btw 500k naira or $500 dollars which one will you choose. Like for Naira and Share for Dollars

OmoOshodi:
Majority now sitting on the fence......APShit

It's like Bolt don't have much drivers again. The pick up distance is usually very far. Few drivers in a location each time I open riders app. People don dey drop the hustle. What will happen when fuel hits #800 to #1000/per litre. It's inevitable cos landing cost of fuel in depot is 720 already. Government is paying subsidy codedly to maintain fuel at its present price.

sandammy:
Baba u dey predict. He don pass am self

Na so bro. Alot of haters and unbelievers wanted to shut me down especially pearl , itsrm and co. But at the end of day I let them know " What an old man can see sitting down, the youth cannot see standing up".

Felicity0001:
30k? Shey you whine me ni! So I should buy a Corolla 5m and give it to you @30k weekly return? How long would you drive the car before I will have to recoup my profit?

If you're not ready to pay 70k per week forget it!

.

Any partner giving out tokunbo car for rent, this should be the weekly rental according to the current inflation.


1. Toyota Corolla (Uber spec) 70k

2. Big daddy 55k

3. Matrix 60k

4. Muscle 50k

But the peanuts this app coy offer drivers won't even allow partner recoup investment

[quote author=dru23 post=126507089][/quote]Baba you sure u no go join us use palm oil.

Palm oil geng 🤙 . Instead of wasting money on Mobil 1

My car is 5years on XHP 3000, still waxing strong. Engine very sound, Gear top notch. No sign of tear and wear.

As my car dey now, I fit sell am Nigerian used at 3.5m and still make massive profit. Cos is in good condition

Synthetic oil nah hype. As Oga gazzuz don teach us the secret of using palm oil to service our car without any detriment to the engine.

There is no cause for alarm

BAZ001:
Heard dollar is now #1100 / 1$
Agbado transgender president and CBN Governor don shock forecaster… dollar will start dropping now with new cbn policy yen yen … na so dollar dey rise dey go

Thank God. I still get small dollar remaining in my dom account .