₦airaland Forum

emmanuelewumi:
About 80 years ago, the old money men found business or trading demeaning, they believed it was glamorous and prestigious to be the father of a doctor, lawyer, judge, Professor, Engineer than to be the father of a child who is working in the family business.

It is now that successful business people are introducing their children to their businesses

Very few children especially Nigerians want to be in the family business except politics. For indians and Lebanese it's like a tradition or culture for them to be part of the family business.

Married2Crypto:
if I no do crypto, naa which investment in foreign stocks I go kon do? No! It is better I pour my funds on some solid crypto projects than to invest in stocks...and it's better for me ooh! to buy solid crypto projects with low market capitalization under 10-20million dollars n with fewer supply counts than to pour money into senseless or zero use-case cryptos with large supply token counts and market capitalization already netting a few hundred of millions or billions of dollars. If you don grow white beard beard for d cryptoworld. You go understand why?

diversification is the pathway to wealth.

7% of my networth is in crypto
30% in stocks and truth be told crypto has given me more money than stocks.

LordPherule:
Don't forget I still buy funds and support with payment solution like Zelle, PayPal, eBay, and Payoneer funds at a sweet rate.
I redeem gift cards and e-code at first-hand rates as the foreign exchanger you give.

Tested and Trusted! Many transactions that many can vouch for me.

Who are the many that can vouch?

Are you selling the water dispenser?

Englishisamust:
Can you post chart pls?

Unfortunately I cannot

emmanuelewumi:
Not only corruption.


Read " The making and makers of Nigeria's private enterprise" by Tom Forrest.

Most of the old money men were illiterates, they gave their children the best education outside the country. They believed trading or business was beneath the level of education and exposure of their children. The children became Professors, Judges, Lawyers, Engineers, Accountants, Civil Servants etc and the businesses of their parents died with the founders.

The business will die because the children refuse to learn the ropes of the business, the reason many businesses owned by Lebanese and indians continue to grow and outlive their founders.

Tobex4realTobex234:
And which law are you breaking to get a job and open an account there or register a business and open an account there?

Also MPESA as I suggested isn't illegal. I still have my Kenyan sim with me like this and even though I have not used MPESA in several months, it's not illegal to keep the ownership except there's something you know that I don't know Sir.

I actually wished I opened like 3 bank accounts. I was paying over 100k KES monthly as taxes to that country, and one nigga here is saying it's illegal to open offshore account. Nairaland una no go tire me.

I laugh them. Many foreigners from other African countries have voters cards, NIN slip and drivers licenses and these foreigner have not even lived up to 10yrs in Nigeria. My Gate man is from Niger republic and his name is Mohammed and has both BVN &NIN. Remind me again what requirements is to open an account in Nigeria.

Lostchild:
It is impossible for a butter to turn into a leaf. Yes, I compare myself as that butterfly inside a a cocoon that is trying to soar into the air.

So I can never turn into a new leaf

Get it

Adios

Loris576:
i just sent a mail

I responded

kalu61:
Is it the one with CrptoNG

Yeah

Wapgod:
Is there a Dividend Reinvestment Program(a.k.a DRIP) in Nigeria?
If so how can i activate it?

Stanbic

emmanuelewumi:
The range is 5% to 10%, you can even get less than that if you have a lot of properties.

You get 5% if your rent is in millions

Donbrig:
Yeah, like a family friend, anybody working for you diligently in Nigeria automatically becomes a family friend.

My lawyer is in charge of screening and getting in new tenants into the house, writing of receipts, increment of house rents (almost every 2yrs), giving of quit notice.

Repairing of facilities in the compound, though I have all kinds of artisans who repairs facilities in my properties, my lawyer has all their contacts, he just have to contact them to fix things while I pay their bills.

My lawyer also organise meetings with my tenants, twice every year, this is one of the most important aspect of it all, they all discuss pressing issues and how to live together in peace.
Most of these lawyers looking after properties don't like you sharing their jobs with others, they like doing it all alone, they really like it as a part time job, and sometimes prefer it to going to court rooms to defend a criminal in a country where almost everybody is a criminal one way or the other.

You have a good lawyer, many dont give a hoot, they just after the 10%, country hard sha!!

just2endowed:
Pls how can I join them

it's per annum o, send them a mail

emmanuelewumi:
Deal with reputable Property Management firms or Law firms.

I don't advice having personal dealings with tenants, except you have just one Investment property and you don't have any other thing doing
I find it belittling asking tenants to pay their rents, I will delegate that dirty job to a third party

Law firms are expensive 10% professional fee and 7.5% VAT.

Property manager, most people don't feel comfortable with them especially when they are unable to remove an owing tenant or requesting you get a lawyer go to court (meaning extra charge).

Ugmama:
I don't know why HOUSE Owners meaningly rental tend to give their lawyers access to collect rentage into their accounts first, then remit to house owner later.

Please why do property owners do that?

Nigerian standard practice at the end of a given time agreed by both parties either quarterly bi yearly as the case maybe, reconciliation is done. The lawyer brings his band statement to his client and receipts issued to tenants or reconciliation are done by both parties.

Lostchild:
that need to be found

You have been noticed. Just ensure you turn a new leaf

Ishilove:
Beautiful article


This is why we have more and more of them attempting suicide when confronted with challenges. They don't have the steel of GenX

What do you suggest as the solution?

Lostchild:
IyaTola

Why don't you talk about yourself, so that ithers can learn from your life?

You truly are a disgrace

Aproko will kill you

You obviously are a lost child

CharisEleos:
The parents themselves are immoral and greedy. using this children to achieve what they could not achieve even if it means giving their girl child to the highest bidder.

That is why a girl can boldly bring pregnancy home and the mother will take her for abortion. I see a lot of these happenings and I just shake my head.

in Nigeria or Benin Republic?

NwaEzefuNaMba:
My brother, i have seen things with my eyes o. But if i recount my experience during my time as undergraduate eh, one may think i have beef with the other gender; but in all, there problem.
I came to realise why many men today are vowing not to marry graduates.

oh please

Originalsly:
Bend the tree while it is young. Almost always ... parents are responsible for the path their children take.

True

megawealth01:
Does it matter?

Your choice

MasonKendall:
Him don dey hype shiba? Sha he's a business man. Dogecoin has always been a no for me even if e like make e reach $600. Cos when this coin was half a naira I bought 1000 of it (500naira) and put it in my trust wallet. 2 weeks later dem hack my wallet. Since then I despise that coin. Now am looking at Tron and hybrix.

Tron move at snail speed, good project with btt

BornToSucced:
Dear All,

I have been following this thread since last year, and I am now ready to start buying my first stocks.

Duration; long term growth stocks.

I am using Trove, but the Market and Limit option when buying stock is what I don't understand.

Please what's the difference between the Market and Limit option?

Which option would you recommend?

InaNla, 4Play, Oakpearl, Skymoore, YerYer, seyisanya, afroxy, Yazga, Nobody , thesilentone, lafuria1

Many thanks.

Start with google it helps a lot

Today is the last trading day for the first half of the year. How have you fared? How would you perform in the second half of the year. How is your portfolio performing?

Time for a review?

#silentseminar

Today is the last trading day for the first half of the year. How have you fared? How would you perform in the second half of the year. How is your portfolio performing?

Time for a review?

#silentseminar

nosa2:
My brother/sister I run leave Naira investments oh.

Why?