₦airaland Forum

handsomebolanle:
Please how is a company like Risevest able to give 8%
Interest PA om dollar investment?

Is it safe to invest with them?

seunlaww:
Is anyone here or knows some that recently travelled to Nigeria from UAE? Are they still asking for permit to travel at the airport cos the nsdc page to get the permit hasn't been opening for days now.

pluto09:
The entity selling GTB appears not to be done yet..the sell pressure is still there.
I only hope their q3 result will be better.....

daddymgg:
Good morning guys
Buying zenith bank or gt bank 100,000 unit

Or

Use the money 2million to buy USD, which one is better.

For short term like May 2023 before I can liquidate

emmanuelewumi:
I am sorry I don't invest in what I don't understand, unregulated Investments and High Yield Investment Schemes


I remember you wanted me to invest in your logistics business about 3 years ago which I politely turned down and advised you on what you needed to do in other to get fund from banks and finance houses..


Never knew you still have a grudge with me because of this.


Ponzi schemes will give about 3% of the participants money but 97% will lose money big time.

There is a relationship between people who invest in Ponzi schemes and dead stocks which can give the lucky few a 200% return in few months

sonofElElyon:
I noticed myself something I considered a warming signal ! Obviously i didn't want to invest without explanations regarding this.. insulting me isn't the way to go please.. Someone telling me to burn my money instead of investing isn't an insult.. it's simply emphasizing how worthless and money wasting the investment would be. Saying i invest in ponzi on the other hand is downright insulting.. I don't talk to people that way and won't be spoken to like that either.. same way someone here said i must be high for listening to Peter's advice. The same mercy and co jumped to the person's defence.. I maintain my position that blind loyalty operates here.. if not let me see you correct Emmanuel ewumi for saying without proof that i invest in ponzi scheme and digital agric !!!

RabbiDoracle:
This was the post that started the admonition.

This first post showed that you were about making decision to buy something 'toxic' perse.

And your attention were drawn to the fundamentals of what you want to buy. Maybe you got upset when you were referred to as ponzi investor. This shouldn't make you have such hard feelings.

Now you talk of Mcy supporting people. Do you know she lost money trading Skyebank (when it was nationalised on Sunday morning) after people warned her about the same fundamentals that Unity Bank is exhibiting today?

I do not think it is a cabal thing being created. They are only helping you to make an informed decision. One poster even said you should set your money ablaze instead of buying the stock.

Can the stock rise due to uninformed investing? Yes. Can you make money using technical analysis? Yes. But they are just drawing your attention on the fundamentals of this bank which if all that applied to Afribank, Union Bank, Bank PHB, Skyewere to apply to this same bank, you will not be happy.

We knew this bank since SLS time o. So no be today the bank don dey like that. It has political clout.

It is not a cabal thing. They are only telling you to be careful.

Lovelygbems:
We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Now, I feel I need to explain better what we do here to clear misconceptions...

If you watch LIONS DEN on TVC, you would have a fair understanding of what we do....

As a holding company,we have controlling interests in these businesses

A private equity it is because they have not gone public yet

Now, what you call "jack of all trades" is what we call not putting our eggs in one basket....

These companies we target (both start ups and buy outs) are researched to be in key sectors such as oil and gas, dredging, real estate, Agriculture etc


Now, you say high interest rates....but is it high interest rate without the right time value?

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well

The idea of having many again is not to have our eggs in one basket. Believe it or not, we have thousands of investors we are accountable to

It isn't possible that all these businesses won't bring in profit at thesame time....

So we understand the business space quite well

Those that have gone under probably didn't diversity well or have a strong and experienced management team

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

Biafran4life:
Since this government said crude price going up is not beneficial.Why are we not sending gas to Europe since they said we have large gas reserve . This country need to make money from this Russia/Ukraine matter because this kind opportunity they take time to happen again.If another person own no spoil another person own no go better for street life.If our reserve pass #50 billion dollars no be bad thing. That one go stabilize our currency small

maishai:
Mind giving me pointers, the coin noise is high here.......to cap it all up im lazy, im really happy people are testing d waters down here

maishai:
Na so one of my guys showed me 5 million pi coin that he has bought and is patiently waiting for it to increase in value so he can quickly sell and start the car business he hopes to begin........Something prompted me to ask him the number of in circulation and found out that it more than one quintillion ie one trillion cubed, my dear if u like carry google server dey mine this coin d odds are against u already, If crypto pass the original bit coin, u r in for a long thing...........

Never visit this thread with a biased mind, rather open up and absorb the principles of finance from active players

Im not discrediting crypto or having a dorm account, many here have that they just don’t want to derail the thread

Lazyyouth4u:
For every start up that will give a VC solid returns, the VC would have failed in at least 10. VC is not as easy as just being ‘skilled in identifying bankable startups’. Start ups are very risky and luck plays a big role…Do your research and you will never find any VC that can consistently pick successful startups. It is impossible!

Topleague:
it is world over my brother, the supply chain is disrupted. Ask people that do import how much is to send container from China pre covid era and now, the inflation even in US is unprecedented and not only there but all over the world. This is not an excuse for Buhari regime but this thing will be with us for a very long time. Tight your belt because we are going on a roller coaster

yMcy56:
Was out before now nah.
Reason it moved up during the week.....
https://doclib.ngxgroup.com/Financial_NewsDocs/34319_UNILEVER_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT.pdf

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/34409_MAY_AND_BAKER%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_202.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34410_CORNERSTONE_INSURANCE_PLC%20_QUARTER_3_%20_FINANCIAL_STATE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34411_ACADEMY_PRESS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FO.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34412_NIGERIAN_BREWERIES_PLC%20_QUARTER_3_%20_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34408_NEM_INSURANCE_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34413_PREMIER_PAINTS_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_F.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34407_MRS_OIL_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34399_MCNICHOLS_CONSOLIDATED_PLC%20_QUARTER_3_%20_FINANCIAL_STAT.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34398_CUSTODIAN_INVESTMENT_PLC%20_QUARTER_3_%20_FINANCIAL_STATEM.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34402_NCR_(NIGERIA)_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf


Make Una dey pick and check your own there o.

emmanuelewumi:
Read well.

emmanuelewumi:
Return of my money is more important

Timekeeper:
U r more foolish than a duck if you think pi will be given at 100 dollars.... Be deceiving ur generation .

dayo229:
I knew this was going to happen on Luno.... Naira has dumped from #1k+ to #575

shalomblue:
2 easy ways to stabilize naira
[/b]1)When dorm account owners want to withdraw, let them sell to bank at Cbn rate. This will eliminate the middle men which are even worse than licensed BDCs. Banks should then be made to increase card limit to 1000 dollars per month.[b]
2)Treasury bill rate should be maintained at around 10 percent

emmasoft:
@Born2conquer I disagree with your statement.
Getting into NGX is simplier than what you think.



I will advice if you wish to enter NGX be interested in NGX and forget any negative comments you most have read about the NGX otherwise once you have some reservations before you even start it will still look complicated even after many years.

If you don't mind, to start with NGX click the link on my signature to open a cscs and trading account with investment one stockbrokers [/b]within 72hrs you will be onboard. [b]

You can also be assisted and trained on how to buy or sell stocks.

I wish you all the best.

Nuelito:
From the look of things...if FBI don't step in fully into this case...I see it dieing off before this year runs out.

IYGEAL:
Investing in real estate by building house(s) for tenants is pretty much a bad idea.

[/b]I see some folks build exotic houses in remote places for rent, I pity them. Only if they knew about dividend investment or even Money Market securities.[b]

kolaish:
The only thing you may likely gain in having a tenement building is tying your money down for a long time and selling the building twice the money you spent building it after about 10 years. Beside that, be prepared to start receiving news of the well/borehole is not working, overhead tank is leaking, roof is leaking, tenants fighting each other, shower or toilet seat is no longer good, the gate needs to be repaired, thieves came into the house and they want you to raise the fence etc, all of these from the meagre amounts they are paying you.

Let me use one of the house I built for tenants as an example. The house is a block of 4 units of 3 bedroom flat. it was built in Ibadan in 2014 for around N32m (land inclusive). The annual rent is 350k for each flat; making N1.4 annually. But sincerely speaking, there is no year that you will get that N1.4m as a whole. Some tenants will not pay giving you stories, of which some are actually true. Infact, I have to engage the service of an agent (with 5% fee) to avoid all these head aches.

I would sell the house next year and put the money on a dividend paying stock from which I can benefit either from capital appreciation or dividend. However, this is not to say that building for tenancy is not good at all. There are some instances where you build on nice location where rents is juicy and high.