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Itsrm's Posts

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European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:09am On May 10, 2024
GloriousGbola:
My username is just 5 words and you guys never spell it right cheesy


let me help everyone out cheesy

L oud and T enacious S upporter of R apacious M an/Monster/Monkey/Mfker


So u don't care whether the governor of the state u are a resident works or not ? shocked

U go wicked pass Wike in real life o


ltsrm is has adopted the school of the machcete angry and low rent grin
puzzy arse lagosians will not understand [ everyone say we make far more noise than actual violence cheesy cheesy]
No, the first letter is actually I. Not L
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:08am On May 10, 2024
OkpaNsukkaisBae:
cc:
GrammarNazi1

Abeg, the moniker na 5 words? Abi na 5 letter word?
grin
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:07am On May 10, 2024
BlueRayDick:
So u don't care whether the governor of the state u are a resident works or not ? shocked

U go wicked pass Wike in real life o
If that work is not going to bring down exchange rate and cost of fuel, I honestly don't care. Those are the two biggest things draining my pocket right now.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 5:48am On May 10, 2024
BlueRayDick:
grin

So if there's no peace in ur state u don't care ?

That's selfishness na . Maybe the part of the state u live in has decent infrastructures built by Wike's administration , but what about other parts of the state that still need development ?

Anyways sha maybe Rivers is not like Lagos and violence doesn't really scare u guys cos I can't imagine if this kinda thing was happening in Lagos; let's say pro Wike and pro Fuabra people are fighting in places like Ikeja , Oshodi, Obalende, CMS, Iyana Ipaja...etc. its as good as the whole state is on fire and almost everybody will lose their peace.

That's where I'm coming from; even u that claim to have everything u need will be living in fear for ur properties when things like that happen
No, the argument we had was you saying it's the Rivers people that will suffer because Fubara will be distracted and won't be able to do anything.

I'm saying, as long as this is the consequence of them fighting, I am perfectly at peace with it.

They can continue fighting as long as they keep it at the current war of words and it doesn't degenerate into violence. No one wants violence in the state.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 5:30am On May 10, 2024
kad199:
U mean Itrsm? grin grin grin
My username is just 5 words and you guys never spell it right cheesy
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 5:27am On May 10, 2024
BlueRayDick:
This was what I told itsrm the other day and he claimed Wike has done roads & other infrastructures that Rivers people need....he doesn't care if Fubara chooses to waste his 4 years on fighting Wike .

It's very obvious that it's the people of Rivers that will suffer in this their fight.
The major thing I need right now is for exchange rate and the price of fuel to come down. If Fubara can give me that, then I'll join your crusade.

I mean, look at his line up of events to celebrate one year in office, of what use is any of this for me?

This was why I told you I don't care if his fight with Wike prevents him from working. He can't give me the things I need. The basic things I need have been provided by the last administration.

BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 10:44pm On May 09, 2024
northbird:
The bolded is very true. Over priced plots of land in Lagos. Infact,they are already selling the future value as current prices.. anyone with dollars should totally avoid buying land. That dollar won't appreciate if you do your conversions.

There's one selling land at the outskirts of Ibadan. That place won't develop in the next 10 years.. what's the point. ? Unless you are buying for your children still in primary school.
Lol, you can buy a land, hold for 10 years and people will be pricing it lower than you bought it.

I even heard (I'm not sure) that lands in banana Island sell far lower than it was selling couple of years ago.
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 10:29pm On May 09, 2024
larride:
They have done it more than 8 times already this season. That's what the smart one among them should naturally do.
It has been easy money for punters. The day they lose without scoring a goal, punters will shed tears cheesy
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 10:28pm On May 09, 2024
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 10:16pm On May 09, 2024
Punters are just cashing out with Leverkusen. Once they go behind, they bet on both teams to score or bet a draw.
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 8:31pm On May 09, 2024
Kaymaxi2222:
damn I will too a beg quote me whenever such spring up
No wahala bro.
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 8:30pm On May 09, 2024
Resurgent2016:
No government will give you 18% pa bond for 25 years. You need to adjust your forecast


At the end of 2-3 years, the new subscription will have new rates that reflect what the government thinks will be the prevailing rates for the next 3 years.

The current rates are set high to be able to compete for funds in the current high-inflation economy
Don't be too sure. CBN is desperate. If anyone had told me in 2020 when CBN was giving yield of 5% in Tbills that we will get 26% in 2024, I would have laughed it off.

I remember how the low rates witnessed that period pushed me into real estate. A decision I now regret.

I'm now fully anti real estate.
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 8:26pm On May 09, 2024
Pearl1910:
Well...In 3yrs I hope d value of your money plus d interest will not be less than the capital as at today cos I recall u were discouraging us from buying dollars because ur point was inflation has eroded the 50% profit in less than 6months. So how are u sure in 3yrs inflation will also not also rise above 80%?
Nooo, I never discouraged anyone from buying dollar. On the contrary, I have always encouraged people to buy. I was only asking the general who was talking about profit to discount for inflation.

The average ROR on that 3 year bond is 24%. It's one of the best anyone is going to get as far as "risk free" investing goes.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 7:05pm On May 09, 2024
TemporaryHansel:
Does this ring any bells? cheesy
grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 6:17pm On May 09, 2024
BAZ001:
Did you just say 25years huh
I will rather buy lands and keep it for 25 years than Govt bond.
With this Agbado president and APC Padi Padi govt? I can never predict what happen in 8yrs.
See how many foreign companies are leaving Nigeria ?
Who would have ever imagined dollar will get to #1,600 in few months ?

Are you for real or you dey play huh
The ROR over 25 years is 14,000%+. That's an average of 560% pa. It's too juicy to ignore. I'll take my chances.
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m):
Resurgent2016:
looks impressive until you realise MPR is 24.75% while inflation was 33% in April.

Real rate of return is significantly negative and may never be positive till the maturity of those bonds. Nigeria has had inflation above 18% since mid 2022 and it has progressively risen since then.

If you invested in those bonds with the mindset of buying an asset in Nigeria, based on the inflation data , you are likely to be out of pocket when the bonds mature two- three years later.

The high rate could tickle foreign investors though, as inflation in Nigeria does not affect them. For them the main fear is the FX rate which this administration has not demonstrated an ability to manage.
Good points.

The ROR over the course of 3 years is an average of 24% which is truly less than the rate of inflation as you have noted. However, there is hardly any passive investment that guarantees you a return above inflation especially in the short term.

What we can do is try our best to invest in assets with returns not too far from inflation rate. My current investment portfolio is a mixture of Tbills, eurobonds and cryptocurrency so I'm staying as close to inflation as possible.

I'm also hoping the DMO come up with those 15-25 year bonds at current rates so I can lock in. Over the course of 25 years, my ROR is guaranteed to beat inflation
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 1:56pm On May 09, 2024
Pearl1910:
But is it sustainable? I dont trust naija govt o. Tomorrow now govt will say they will use Bonds and pay salary. Or pay back foreign loans. Like Fashola suggested they borrow from Pension Funds to repair roads grin
Lol, they will rather "print" money to pay back than default. These things affect Nigerias credit rating.
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 7:33am On May 09, 2024
BlueRayDick:
All the top players had muscle strain ? What a coincidence !

Issokay o.
grin

Strange coincidence but seems plausible seeing as no coach removes two of his best players in a crucial match
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m): 7:31am On May 09, 2024
Pearl1910:
Federal Govt done dey do MMM. Giving almost 100% profit in 3years. Even Euro bonds and IMF dont give such ROI
Unfortunately, their hands are tied. Without this, dollar may have gotten to N2,000 naira now.
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Itsrm(m): 7:23am On May 09, 2024
BlueRayDick:
Yesterday's match was more like checking the answer at the back of New General Mathematics textbook and working ur way back to the answer . 🤦 Like it was written already that Madrid will win, but the match officials had to work things back to make sure that happens .

The officiating messed up the match even tho I wanted Madrid to win from inception.

The linesman and ref could've allowed play continue for that Bayern goal. Madrid could still have won in extra time considering the fooolish subs Tuchel already made sef.

The officiating just ruined the match for everybody except for Madrid fans/Ancelloti Stans
Tuchel said the players had muscle strain and had to come off.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 10:17pm On May 08, 2024
OasisX:
grin

......see what Ekiti Governor is doing. That man is on track as best Governor ever in the history of the state.

Seyi is doing well in Oyo as well.
I've not really seen much of him but if what you say is true then his handlers need to make his work a lot more visible.

Just like Otti and his people. If he rehabilitates a 50m road, before and after picture don full everywhere
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 9:53pm On May 08, 2024
OasisX:
grin

.....some of achievements of hardworking, Ọrẹ Ara Ìlú, Governor of Kogi State in just 100 days. 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
grin grin

I'm starting to see that once power is handed over to you on a platter, you tend to take it for granted. Most governors who perform are those who suffered before they got ticket and won election
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 9:52pm On May 08, 2024
GrammarNazi1:
Myself and my colleague.

We're in Lagos.
I'll send you a DM
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 9:23pm On May 08, 2024
GrammarNazi1:
It is even done with 400k now.

Even with 300k now.

Modified.
Interesting. You know someone that does at this price? Be like this guy dey very interested cheesy

European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 8:23pm On May 08, 2024
Unlimited22:
BTW guys if you still get head for school, try direct Bsc to PhD for USA.

In my case it's a little easier because my degree is a professional one, but you go still see. Those guys can fund anything, including the study of snails inside ogbono soup.

I have a junior colleague who didn't even do internship and is now doing a Master of Fine Arts in Creative Writing at George Mason University.
Na the koko be that. Most of the schools require GMAT or GRE. Even when not expressly stated, they use it when competition is high.

Though I hear people are now doing GMAT/GRE runs with 600k

Another problem with US is getting your Visa approved. Even with full PhD funding, people have been humbled at the embassy
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by Itsrm(m):
BAZ001:
Mbok in Tinubu’s Nigeria or Goodluck Jonathan ?
Immediately Buhari entered buying of bonds became worse than fixed deposit.
Unless this present Govt reversed the policy of not na no go area
This is the current rate for three year savings bond.

Your 50m with interests reinvested and compounded will give you 91m+ after three years.

And it is "risk free".

European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 7:39pm On May 08, 2024
TemporaryHansel:
Spending 50m to relocate to the UK seems like a wrong move rn. UK wey don cast finish.
My guys there keep painting a different story. One even bought a house(mortgage) two years after he arrived.

There's no day we chat or talk that they don't ask when I'm coming.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 7:29pm On May 08, 2024
OasisX:
grin

.......Itsrm! Wuz goin on in Rivers. LOL!


I have said it before that a time will come where a sitting governor will lose at the supreme court and he'll refuse to vacate the seat.

We are slowly getting there cheesy
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:56pm On May 08, 2024
larride:
Very very stressful and money gats dey hand
Theflint1:
E stressful gan, and e dey chop money die, doesn't help that Tinubu has floated Naira.
A friend that left with the family to the UK last year September said he spent about 35m.

I imagine that figure will be close to 50m now

It's not for the weak.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:22pm On May 08, 2024
OasisX:
.....its a must and very annoying process. Larride misses something, you must visit Ministry of foreign affairs for same purpose as well.

Ministry of Education takes like 7 to 12 days like larride said, but Ministry of Foreign Affairs process is within 24 to 48 hours.

If you can speak Hausa, added advantage to fast track the process.
You know what Yorubas say. Eni ti o ba fe je oyin inu apata ko ni wo enu ake

The entire japa process is quite stressful
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:16pm On May 08, 2024
larride:
Fot Portugal or in general?
No, just for Portugal.
European Football (EPL, UEFA, La Liga)Re: EPL Chatroom - All Discussions by Itsrm(m): 6:12pm On May 08, 2024
larride:
Na decent country. I dey on ham sef. Na money dey draw me back at the moment.

You'll have to do legalization of your documents including your school transcript and all at the ministry of education in Abuja. The legalization process take between 7 - 12 weeks but it can be fast tracked (if you know you know). Then you have to do for your birth certificate, marriage certificate and other documents from the ministry of foreign affairs.
I learnt they stopped legalisation. Have they resumed?

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