₦airaland Forum

InvertedHammer:
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This is a very good news.

Many see doom, a few see opportunities.

It is a global market reset for opportunists to scoop up equities and commodities at low prices. Imagine DCAing oil at these prices

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Ezedgreat:
the man achebe also rejected there wuruwuru and political national honor were others is lobbies for it truly some no get price atall

Kewtt:
Get it insured. Especially the screen.

Kewtt:
I returned to the embrace of my Xiaomi redmi note 9 pro after my Samsung galaxy note 9 turned green and went dark.

No one should have to pour money down the drain like that

motymop:
I am yet to see a Nigerian bank that allows HNI to borrow against their stock options, the only stuff I have seen is HNI using bonds, fixed deposit, Treasury bills or mutual funds as collaterals.

2. real estate does not mean landvalone, there are many options, commercial buildings, farm lands, industrial complexes, office spaces, luxury properties home and abroad and the obvious ones lands, yeah these are real assets.

3. Starting a business does not mean it will be successful, there are hundreds of ways for HNI to make money without starting up any business. ( There are bonds, MF, Hedge funds,etc)

4. elumelu real estate portfolio isn't transcorp, I am talking about personal real estate portfolio which will consist of luxury properties, commercial office spaces acres of lands( farm land inclusive) etc.

Engrgabi:
rivers state governors canr steal $2b monthly. Minimum will be around N10billion monthly. Definitely it will be hard for any of the governors to still about $2bn in his 4 years tenure. But thats some amount of money N10bn monthly, you are automatically a millionaire in U.S.D

motymop:
Stocks are financial assets and not real assets and can go to zero.

So all their assets aren't tie to stocks.

Many rich people assets are very diversified, a part in stock, cash in hand, real estate, gold and all sort of real assets.

In Nigeria, stocks are chargeable assets and you pay capital gain tax on them.

The only stuff you don't pay tax on are dividends ( returns on your stocks)

Get your facts rights before typing stuff and stop watching too much movies.

Many rich people in Nigeria have lot of cash in hand and they use Debit cards just like every other people tied to their name

motymop:
you are not correct

Forbes does not have access to bank accounts or assets of HNI. Many of their assets are not in public, they are hidden

Forbes only have acccess to public information like stocks info in a PLC, they dont have access to bank accounts, debt , hidden bank accounts, gold holdings and other assets

motymop:
He also own shares in transcorp, he has assets in real assets and many more

Do not use his UBA holding to judge him

Also this guy wont like to declare some of his assets publicly because backclash and tax.

motymop:
they are if they make their record public

Atiku is also weathy and should be worth millions of dollars , he is a part owner of Intels Intels Nigeria, one of the largest oil servicing business in Nigeria, revenue for last year was $295.5 million and they founded this business in 1982

I have no clue about tinubu but he should be worth millions of dollars

Rexymania:
Tinubu nd atiku

lionshare:
Nigerian media often mirrors the public’s tendency to prioritize sensationalized narratives over factual analysis. When comparing Nigeria’s budgetary allocations and population size to peers like Kenya, South Africa, and Egypt, it becomes clear that the country’s resources are insufficient even for a single major city like Lagos, let alone the entire nation.

Xannadu:
Whether you steal 1 million naira or 1 million dollars, stealing is wrong and should not be magnified or commonized in any way.

Xannadu:
So what's your reasoning here, the state resources are too small for politicians to embezzle so it doesn't matter? The fact that you even think Nigeria is a poor country shows just how little you know about the economy. Not to even consider the fact that all that goes into a politician's pocket comes only from the IGR, completely ignoring the billions of dollars they borrow yearly for "infrastructural developments" we never get to see after their tenure ends.

Xannadu:
So what's your reasoning here, the state resources are too small for politicians to embezzle so it doesn't matter? The fact that you even think Nigeria is a poor country shows just how little you know about the economy. Not to even consider the fact that all that goes into a politician's pocket comes only from the IGR, completely ignoring the billions of dollars they borrow yearly for "infrastructural developments" we never get to see after their tenure ends.

Xannadu:
Plus the fact that stolen wealth is usually not recognised by forbes. Otherwise there'd be over 5000 Nigerians on Forbes billionaires list

Dennis3D:
More site updates.

Painting ongoing at the security house and Gen house and Boy's Quarters.

Final tiling works ongoing at the main Duplex sitting room.

inze:
. . . what's the difference between sliding and rolling gate Sir?

michlins:
I will upload the photos later today as nairaland currently limits the number of pictures I can upload

Obinnau:
Hello guys please what is the best size for gate wideness is it 12ft or 13 or 14 ft?

Billions123:
Hi Everyone,

I went to inspect a project yesterday whose plumbing was just finished. I noticed the water pressure from the water outlets indoor is low.

What i mean is that I expect the water from the kitchen faucet, wash hand basins and the shower mixer to gush. But the water is rather just coming out with no pressure at all.

The compound tap outside gushes with pressure tho.

What could be the problem? Could it be the product used?

michlins:
we have actually started working on this project for a couple of days now. We're still on the foundation casting though

mikey101:
Stay away from fake products. This is what original Samsung 25w charger packaging looks like and it's retailed at 10k in most places, 15k for 45 watts. OP is just trying to pull a fast one with his fake products. From 200 to 3000