Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 11:14am On Jun 22, 2022 |
Ikem11: Oga start from 2014 when the investment was made ....don't try to be funny. At what rate was the Nigerian currency going from 2014 to 2022 compare to us dollar . It's a simple thing and you calculating USA inflation rate from "2012" to 2022. Why not start from 2014. ... Keep grasping at straws when it's obvious you've lost the argument. The rate from 2014 to 2022 is 23.47. Discount it from 2.24 billion and tell us the result. I'm sure you can do basic maths |
Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 11:04am On Jun 22, 2022 |
Ikem11: Please point to me how exactly he lost money at the rate of investment?
How funny The US has had a combined inflation rate of 27.1% from 2012 till date. Discount it fron the money he invested and tell us how much he has lost. Note, the ideal thing is to discount by the rate of inflation in Nigeria but since you have blamed that on APC, let's use a relatively stable economy to do it. What that will show you is that even if our inflation had stayed at a decent rate like that of the US, he still lost a lot of money. |
Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:54am On Jun 22, 2022 |
Ikem11: Inflation at what rate? All currency suffer same but current administration murdered it at a fast pace Even if we discount it at the rate of inflation in the US over that period of time, he still lost money. What exactly are you arguing about? |
European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by Itsrm(m): 10:52am On Jun 22, 2022 |
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Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:48am On Jun 22, 2022 |
Ikem11: LoL you still don't get the point do you? Who caused the inflation? The man's investment is doing so well.
Apc/ buhari government killed the local currency causing "inflation". If only you can bend down and read what @op pointed out maybe you might have little understanding how economics works .
But no you people only jump to figures and read headlines.
Us dollar is steady ....naira should be if not the bad mismanagement of the government. Reverse the naira to dollar as at 2014 then redo your math again....obi's should worth $100m he said Go and read before you engage me. The US experiences inflation. Maybe the APC/Buhari also killed the dollar |
Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:35am On Jun 22, 2022 |
Seun: Peter Obi's supporters had claimed that his investment grew in dollar value, so that justifies debunking the claim based on the dollar value. However, there is value in continuing the debate so there's no reason why we shouldn't feature this thread also. It still doesn't look like a great investment to me though. It's a terrible investment when you adjust for inflation. |
Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:34am On Jun 22, 2022 |
Maverick777: You're talking trash! Is he the reason why Nigeria's economy nosedived so much? For him to even make a profit of over 200m amidst heavy dip in naira value, just goes to show how much of a brilliant investment it actually was. He didn't make money dumbass. Its common sense to adjust the present value of the money by inflation. Will 2.24bn buy what 1.96bn would have bought when he invested? There you have your answer. |
Politics › Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:18am On Jun 22, 2022 |
michlins: It's funny how some people feasted on the topic without thinking for themselves. No be Peter Obi say make Buhari destroy our local currency and make it worth little or nothing against the dollar He actually lost a lot of money. There's something called inflation. The 2.24b is far more useless compared to the 1.96b he invested. |
European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 9:54am On Jun 22, 2022 |
50d33q: Tell nihilistjnr to come out and apologize After that he will humbly accept his new Monika 'Lihilistjnr' He didn't allow me rest in the early season because I warned him about this elephant I remember thinking you were being unreasonable when you were critical of his performance despite scoring against you guys Turns out you were right  |
European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 9:53am On Jun 22, 2022 |
50d33q: Tell nihilistjnr to come out and apologize After that he will humbly accept his new Monika 'Lihilistjnr' He didn't allow me rest in the early season because I warned him about this elephant  |
Autos › Re: Total Cost Of Clearing A Vehicle In Nigeria by Itsrm(m): 9:15am On Jun 22, 2022 |
oliverjiad: with 1m will get it cleared
Jaid Dchair2 I am 100% sure it will be less. The thing is, agents themselves can't give you an actual figure to clear till they actually start the clearing process. This is especially true for vehicles like your Nissan Altima that are not in the customs database |
European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 8:31pm On Jun 21, 2022 |
WhoDeyHause: He just wasted our 115 million. If abramovich had even given dead barka that money to pay their debt and register player. They will have been asslicking us forever. Don't come back. Otu sweating machine The werey has gone back to find his level |
Car Talk › Re: Have You Noticed People Are No More Buying Cars by Itsrm(m): 6:20pm On Jun 21, 2022 |
laivwire: Follow Mokwa - Bida- Minna to Abuja route and you'll swallow your words. Per an hour trip I come across at least 20 salvage vehicles heading towards Abuja any day of the week.
Customs are flexing that route like crazy.
There's never been so much money in circulation like now, it's the allocation that's largely skewed. Who told you the vehicles have been bought? |
Autos › Re: SOLD by Itsrm(m): 12:54pm On Jun 21, 2022 |
Finally coming to terms with reality huh  |
European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 11:43am On Jun 21, 2022 |
lordfalcao: which ogbomosho award is that, that belotti is holding in his hand ?  |
Car Talk › Re: Have You Noticed People Are No More Buying Cars by Itsrm(m): 8:43am On Jun 21, 2022*. Modified: 5:56pm On Jun 21, 2022 |
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Car Talk › Re: Need Help With My Inner Cv Joint On My Honda Accord by Itsrm(m): 8:17pm On Jun 20, 2022 |
Namzy: Lol I'm starting to fill a liltlle vibration going up hill but I don't drive the car often to be sure. This problem has really been a mystery even in foreign honda forums Nawa o, I hope its not your mind playing tricks on you. I saw someone in one of those forums say its one of those vibrations you have to live with  |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Itsrm(m): 6:58pm On Jun 20, 2022 |
Adedward: yes my brother I have tried those people number but not going through dat is why, thanks What kind of stupid lie is this? You must think so low of us |
Car Talk › Re: Have You Noticed People Are No More Buying Cars by Itsrm(m): 6:51pm On Jun 20, 2022 |
Elsueno: well, u can either get a dollar master card if u have a dollar account or get a virtual dollar card from trove....With those u can purchase as much dollar as Ur account can provide  Where will the dollar come from? |
European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 5:12pm On Jun 20, 2022 |
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European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 5:01pm On Jun 20, 2022 |
kingBolton: Na only one account I get, no more politics matter from my end If dem ban you, you go die? |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Itsrm(m): 3:42pm On Jun 20, 2022 |
twinskenny: lol not weird sir.. depend on how you want to design your space.. Looks better than I thought. I still will not use it though |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Itsrm(m): 3:05pm On Jun 20, 2022 |
twinskenny: and us more expensive... people's preference That's weird |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Itsrm(m): 2:52pm On Jun 20, 2022 |
twinskenny: Smart switches... white or black which one you prefer?
08051355133 The black is really odd. Does anyone actually but it? |
Car Talk › Re: Have You Noticed People Are No More Buying Cars by Itsrm(m): 9:55am On Jun 20, 2022 |
Mynd44: Must be your environment. Here there are too many unregistered cars. I am tired sef You are not being realistic. I know a lot of people who would have bought vehicles(foreign used) myself inclusive and are being put off by the cost. Where are you seeing these unregistered cars? Any dealer will even tell you there's a huge demand for Nigerian used cars these days. |
Car Talk › Re: Need Help With My Inner Cv Joint On My Honda Accord by Itsrm(m): 6:04am On Jun 20, 2022 |
Namzy: 2 months I think you're finally out of the woods. It usually doesn't take that long before it returns. |
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European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 8:48pm On Jun 19, 2022 |
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Car Talk › Re: Actual Cost Of Customs Duty In Nigeria At Your Fingertip by Itsrm(m): 8:00pm On Jun 19, 2022 |
owo4mii: Bros, thanks for checking on me, The Total Duty is #3, 787,556
Clearing Fee is #4.2m
Thanks, you can call me for more details This is crazy |
European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 3:46pm On Jun 19, 2022 |
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