₦airaland Forum

Jega2000:
:-I plan to buy two Neat Nigeria used keke 1.5 million each, for higher purchase… I will be making 25k per week on each of the keke… is this keke business still lucrative?

abba190b:
can you give me one of your keke to drive

Jega2000:
Omo last year was very rough for me, but by GOD grace I was able to overcome.. I made around 100k-120k weekly from my four keke wey I put for daily pay, I can't really calculate how much I made from phone repairing and selling phones, sometimes I fit see 50k a day.. somedays na 5k omo e no easy...

Jega2000:
I plan to buy two Neat Nigeria used keke 1.5 million each, for higher purchase… I will be making 25k per week on each of the keke… is this keke business still lucrative?

Free2Fly:
How are you able to manage the riders without issues, considering the high rate of default and dishonesty associated with such people?

Zooboy:
And person like you go still dey complain o

Jega2000:
Omo last year was very rough for me, but by GOD grace I was able to overcome.. I made around 100k-120k weekly from my four keke wey I put for daily pay, I can't really calculate how much I made from phone repairing and selling phones, sometimes I fit see 50k a day.. somedays na 5k omo e no easy...

ositadima1:
Let’s assume you have ₦1 million to invest. Your bank gives you ₦230,000 upfront, which is 23% of ₦1 million, a few days after you invest in treasury bills. This means you effectively invested ₦770,000, calculated as ₦1 million minus ₦230,000. It is the ₦770,000 that remains invested for one year, not the full ₦1 million.

At the end of the year, upon liquidation, you receive ₦1 million, which is the initial ₦770,000 plus extra ₦230,000. Therefore, your true yield is ₦230,000 divided by the ₦770,000 you effectively invested, giving you an effective return of 29.87%.

Do you now understand that you effectively invested ₦770,000, not ₦1 million, because ₦230,000 was paid back to you at the start of the investment, exactly one year before maturity?


You are being rewarded for giving them access to your money for the year. What matters is the portion of your money that remains with them throughout the period, as that is what generates the interest. The portion that is given and then returned to you at the start does not contribute to the interest, though it is necessary to complete the transaction from your end.

ositadima1:
Let’s assume you have ₦1 million to invest. Your bank gives you ₦230,000 upfront, which is 23% of ₦1 million, a few days after you invest in treasury bills. This means you effectively invested ₦770,000, calculated as ₦1 million minus ₦230,000. It is the ₦770,000 that remains invested for one year, not the full ₦1 million.

At the end of the year, upon liquidation, you receive ₦1 million, which is the initial ₦770,000 plus extra ₦230,000. Therefore, your true yield is ₦230,000 divided by the ₦770,000 you effectively invested, giving you an effective return of 29.87%.

Do you now understand that you effectively invested ₦770,000, not ₦1 million, because ₦230,000 was paid back to you at the start of the investment, exactly one year before maturity?


You are being rewarded for giving them access to your money for the year. What matters is the portion of your money that remains with them throughout the period, as that is what generates the interest. The portion that is given and then returned to you at the start does not contribute to the interest, though it is necessary to complete the transaction from your end.


Can you reinvest the upfront 230k?

oluwapoju:
What's will be the duration of the hire purchase?

sunnymighty:
This is serious! Gave my car on rental, was forced to retrieve the car when I observed car was being abused. He dey compound now as I dey talk, can't come and die untop say I wan help somebody make a living.

ibechris:
My own is,both the guarantor and the driver told me how my car had an accident and we supposedly left the car at the mechanic.

I went to queue at the fuel station opposite NNPC headquarters here in Abuja during the time of Goodluck Jonathan,I saw my car just park behind me.

Mmm,I was surprised that the said car that had accident over 3week ago had no single scratch no mechanical problem.

In fact,that was the height of all the insults.

My colleague in the office,his was the worst.

The guy hypnotised him with juju...his own was a tipper. The guy used his tipper for more than two years without paying a dime...anytime his sees the tipper guy,he would be dead scared of him not until one day. His wife followed him to see the guy,this my colleague was still scared of the tipper guy,he was even begging him to pls help him to return the tipper back.

That was how his wife started shouting at my colleague that why was he behaving like a stranger over his property...na so the woman arrange men oh...force the guy to show them the tipper oh...that was how they recovered the truck back to my guy.

The guys has actually used the truck to his satisfaction before he released it to him.

Hire purchase is a no no for me.

ibechris:
My own is,both the guarantor and the driver told me how my car had an accident and we supposedly left the car at the mechanic.

I went to queue at the fuel station opposite NNPC headquarters here in Abuja during the time of Goodluck Jonathan,I saw my car just park behind me.

Mmm,I was surprised that the said car that had accident over 3week ago had no single scratch I don run the keke business before, though I bought the keke new around 650 and gave it out for 1.3m then.. the keke no give me issues, base on say my guy help me run am mechanical problem.

In fact,that was the height of all the insults.

My colleague in the office,his was the worst.

The guy hypnotised him with juju...his own was a tipper. The guy used his tipper for more than two years without paying a dime...anytime his sees the tipper guy,he would be dead scared of him not until one day. His wife followed him to see the guy,this my colleague was still scared of the tipper guy,he was even begging him to pls help him to return the tipper back.

That was how his wife started shouting at my colleague that why was he behaving like a stranger over his property...na so the woman arrange men oh...force the guy to show them the tipper oh...that was how they recovered the truck back to my guy.

The guys has actually used the truck to his satisfaction before he released it to him.

Hire purchase is a no no for me.

ibechris:
I don run the keke business before, though I bought the keke new around 650 and gave it out for 1.3m then.. the keke no give me issues, base on say my guy help me run am


I am not good at discouraging people most especially when it has to do with investment.

But if I tell u my story with hire purchase,u go laugh and even cry at the same time for me.

If u know u don't want to have High blood pressure especially now that Nigerian economy has nosedived pls,do something else.

I am talking from experience...them go choke u with wahala.

Those guys have no pity and I am not saying,u can't find a better person,but majority of those guys aren't honest one bit.

Lastly,if u know u will not ride it yourself pls,pls don't go ahead.

A trial would convince u.

Zwooks:
You will find your space

1000Capacity:
Its lucrative but it depends on the areas you are covering. But you'll have to join them

burp18:
Personally o, i'd rather be in my one room than share a two bedroom flat with a mate. If you search carefully, you fit get house within that kind 500k range and with proximity to your work place. I mean, you're already spending upto 500k per annum. 1000 * 360 is over 300k. Minus weeknds is still over 200 + your current rent

SamuelLoch:
First, happy birthday, man!
Blessings follow you, Amen!

Back to the matter...
Staying close to your place of work is amazing, honestly, but you still need to check for safety, security, relaxation, power supply, other bills, and above all, peace of mind, since you will be sharing.

From your narration about your daily fares, when you get the new space, you would be saving up nothing less than N700 daily. That's nearly N180k if you work on workdays.

Do you know this friend so well? Does your lifestyle match up with his? Have you guys discussed the sharing of bills?

Lastly, you're moving from N180k to about N350k, can you offset the rent at once easily?

Abeg, you fit mention the area? The N180k.

SamuelLoch:
First, happy birthday, man!
Blessings follow you, Amen!

Back to the matter...
Staying close to your place of work is amazing, honestly, but you still need to check for safety, security, relaxation, power supply, other bills, and above all, peace of mind, since you will be sharing.

From your narration about your daily fares, when you get the new space, you would be saving up nothing less than N700 daily. That's nearly N180k if you work on workdays.

Do you know this friend so well? Does your lifestyle match up with his? Have you guys discussed the sharing of bills?

Lastly, you're moving from N180k to about N350k, can you offset the rent at once easily?

Abeg, you fit mention the area? The N180k.

garriAndsugar:
If you love privacy I won't advice sharing apartment, you can look for a self contain apartment close to your shop instead

FarmPlanetNG:
Your life and safety matters more. The moment you draw people into your space, all these becomes compromised

FarmPlanetNG:
The downside of the shared apartment is that some information in your life becomes public and you wont have the total privacy you should have which outs you at some form of soft risk. Should incase the other party wants to sabotage you in future, the information he has about you becomes weaponzised. Find another apartment close to work and stay alone. As someone who has been messed around alot, please put your privacy as the most important thing.

burp18:
Key thing here is privacy. If you're type that doesn't mind having people in their private space, you can opt for it.

Tekahashi:
please sir, what job do you do?