₦airaland Forum

ahiboilandgas:
yes ...this family is just middle class ....with a bill of 3.9m yet the sister are saying is not enough.....

NL1960:
There is now private cemetery in Lagos.

Smartphelz:
Good morning investors in the house. I have 1 million to spare for an investment because of how busy my job is to monitor the market and how illd want an investment with the least risk I have always thought treasury bills was safest. Which bank offers the most interest rate? Are there better investment opportunities that you'lld advice?

emmanuelewumi:
Funeral service is now a big business in Lagos. People pay for their caskets 20 years before they die. The companies even have halls for funeral service, they also have clergymen who they use for their customers. You don't need to get from your church or mosque

emmanuelewumi:
Funeral service is now a big business in Lagos. People pay for their caskets 20 years before they die. The companies even have halls for funeral service, they also have clergymen who they use for their customers. You don't need to get from your church or mosque

emmanuelewumi:
Reason why we will keep on struggling in this part of the world.


If they can afford it no big deal, but putting unnecessary expenses on people is what I frown at..


My boss who happened to be the president of s foremost professional body in Nigeria died and over N20 million was budgeted for his funeral.

Nobody was disturbed nor taxed, a fund that was generating interest of 10% per annum was set up for that purpose with an insurance company.

As a matter of fact your invitation card for funeral came with the Aso Ebi for free.

ahiboilandgas:
yes ooh i attended a burial ceremony 2 days ago for top politician in 1 hour everthing was cover cost less than 5k .....an he was a billionare and own a construction company

ahiboilandgas:
whoooa do attendees pay a token to recoup the 5m

ahiboilandgas:
how much is each person contributing ?is this partucular to edo people or southern Nigeria
.....educate me

ahiboilandgas:
how much is each person contributing?

ahiboilandgas:
Please can some explain to me the rationale behind huge burial expense in edo state or southern Nigeria ....my friend is about to bury his mum and expense is currently 3.9m but his sisters are still requesting another 900k to buy 3 cows ....it is a norm or they are trying to extort money from him since he aboard....

Under16:
Breaking MD has collapsed o

Benzboys:
There is nothing distress about this sale if you ask me.
Property located deep inside streets with rental income of 1.4m/annum.
So tell me,where is the distress?
Abi na fine compound dey make you emotional?
Distress for this property should be well in the 14-16m range...

Nigsrdumb:
I need some advice my people. This four flat house is selling for 20 mill in bashorun Ibadan.

Rent is 350k, is this a good idea?

Barrytone:
Always have and know when more money is useless to you as a person. Stop chasing excess money and building refinery at old age for the sake of profit. You can build for sake of humanity but definitely not more profit at a certain age. Life is short and must be enjoyed. The life circle is funny, we are getting back to where we came from and we have limited time. Use it to benefit your self. At a certain age, go to sleep and enjoy your hustle, don't hustle at old age except you failed to do that during your first half. Every hustle during your second half reduces your lifespan.

Ibrahim505:
South Africa and Rwanda

dimaxy:
I know you will make the mistake.always try to use Wikipedia as they are accurate.Bermuda making the top 5 richest country in the world ?

dimaxy:
Check again bro, Ireland is the fifth richest country in the world.being second in Europe after Luxembourg.so correct your self

Barrytone:
Ok ooo, no problem but remember when I was junkying in the streets, I never did oil and gas but tapped into opportunities that I know abound almost everywhere in naija.

At this juncture, after graduation, young lad pick your bag and run to Lagos.

Grupo:
Lol.

He forgot to tell people that he's from Ákwá Ibom.

So he probably got a slot to work in one of the oil companies operating there.

Now, imagine someone like me, from a remote village in Ebonyi state. My options would be similar to yours. Either be a primary school teacher, secondary school teacher, palm wine tapper or Okada rider.

Barrytone:
Just watched an interview on CNN where a bar tender is complaining about 600 dollars given as unemployment benefits and that it's not enough. I did the exchange and I know you know better, a Nigerian bar tender doesn't get that but anyone getting over 200k naira in Nigeria should be among the average citizen and has no right to complain but build from there. I think even with 1k dollar life is still miserable over there but with 400k here, you are the boss. Before you leave your banking and other paying jobs to go attempt the hustle in the west just know it's either crime or luck I your portion. I don't work on luck.
Growing up, folks from Lagos will visit the village during Christmas with good clothing and few cash to burn the Christmas away. We the village boys will be thinking Lagos is eldorado. We quarreled with our parents to allow us travel to Lagos. After my waec, I traveled even against parents advise, got to Lagos and discovered those Lagos big boys were struggling extremely to feed, feeding that is free in the village, u can eat as long as I have stomach to store it. I immediately returned to the village and began seeing them just the way they are, no longer bother going to welcome them when they visit. I completed my school and they came again that all the job in this world is in Lagos and Abuja. I told myself if I can't make it in my village then no where else. I became a village champion. I stayed for about 6yrs waiting for the right job. While hustling the village hustle. In all, got myself a house while in the village but my Lagos and Abuja folks never got one. Luck met me in the village as my dreamed job came knocking and the rest is history. Today the Lagos and Abuja front are asking me for soft landing job so they relocate to that same village. Look around you, so much "dollars" in the streets of Nigeria just "bend down and pick" the right way. My family can leave, it's their choice to make but me, I go nowhere except for just a visit.

ahiboilandgas:
divide the calculation by 3 .....for salary of 100k and divide by 6 for salary of 50k

ositadima1:
It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

emmanuelewumi:
It is cheaper, get a good clipper and you can use it for 4 years

Leezah:
could this be part of the frugality.

emmanuelewumi:
Low patronage, because of Covid 19 a lot of people cut their hair at home. I have not visited the barbershop in 3 years.

Very easy to give myself a skin cut

Justcul:
@all, Morgan capital sent a message that you need to complete the KYC on or before 30th June 2020, scan and send back to them.


Edited!

GonFreecss1:
Hahahahahaha.

I really think arguments like this are a time for everyone to learn, me inclusive. So I don’t hesitate to share what I know, in fact I want to make mistakes and be corrected. I hope he learns a thing or 2.

GonFreecss1:
The argument was not which is better.

The argument was where to invest money. Lol!

Instead of you to rebuff the arguments with numbers you are busy shouting this is better.

Theconglomerate:
https://nairametrics.com/2020/06/17/naira-falls-at-the-official-market-as-government-reveals-plans-to-unify-the-exchange-rates/

The shithole is about to devalue again...
I tell you,you no hear...
I advise you,you no gree..
When the time is right my brother ehhh,telli person eh them no dey telli person...

Cyberknight:
I think in such a case, the "parallel" rate referred to might mean something like the I&E rate here in Nigeria, for example, given that we operate a dual exchange rate system, and that would be the only such exchange rate that can be determined.

deepwater:
This exactly is the confusion
I understand language can be conventional
But would these terms mean something else elsewhere outside nigeria ?

Should you sign a contract document with the word "parallel exchange" rate with a foreign person and expect to receive black market rate (aboki rate) at the end of time. Wouldn't that be disastrous considering the fact that those two terms might mean something different to your foreign counterparts?