₦airaland Forum

Didnt I read something early this year about legislation to regulate cooking gas dispensing? This was after the catastrophe in Lagos.

May bear checking out as well if planning to set this up.

salenco1:
Goodmorning fellow Nairalanders. I am new to this thread, can someone explain to me what treasury bill is, and if I want to invest in it how do I go about it. Is it worth investing in?

Hi! Nnoo. We usually say read the first 20 pages of this thread. Then come back and ask any questions. Do you think you can do that? it makes for an interesting read. See you soon

Theconglomerate:
what can you sell let me see where I can point to you.

Alleluia! are you finally imbibing the spirit of the thread?! Praise the lord!

this ace is tempting o. but I de fear after my ohentpay experience last year.

We havent got a lot in reserve at the moment to defend with. I think it will be a pretty terrifying free fall. Aboki fx is now a new source of hypertension. I wonder how businesses in Nigeria will import stuff.

I remember the sense of desperation and hopelessness in 2016. I cant believe it's about to happen again.

These are not very good times. I

rationalmind:
Okay, let me try to break it down a little bit more.

Emma says getting loans for consummables like rent, school fees or to buy cars is a bad idea.

But I think if you can get that loan at a very good rate, it's better to use it for those consumables. That way, you free up funds that you would have otherwise used to buy the consummables. Those funds can then be put to use in something that generates more returns than what is being paid on the loan.

Hope you get?

Crystal clear. Thanks Rational minds

HiddenID:
I don't understand that either but for them to still be in business, I believe they're making profit. It's possible that they want to grow their customer base as fast as possible

They have been there for at least 5 years. Read their reviews.

Mimzyy:
How do they make profit/break even? I really don’t understand.

I ve wondered myself. is this money laundering or are they stockpiling forex for the recession.

They are seeing something we dont. I wish I could see as clearly.

rationalmind:
I'm not sure this thing is this straightforward.

Lets look at this hypothetical scenario.

Two people work in the same place that gives car loan payable in five years with monthly deductions from salary. Both of them can afford to buy a vehicle without taking the loan.

One takes a loan to buy, and passively invests the money he would have used to in say Mutual funds.

The other buys from his "savings" or maybe interest from another investment while he keeps collecting his full salary.

Which one would you say has made the best decision.

This is usually where I zone out. I dont really do details but rational minds,would you mind stating this in some other way?

I m sure there is a huge lesson in there but I just dont get it. Thanks in advance

Olaide1295:
The sustainability right here is my fear.

I am 23 and i intend to invest 200k monthly (at 20 - 30% returns) and let it compound till i am 43 (Asides my pension fund). To compound faster, i also took a 1M loan from GTB which already invested and i'm already paying back.

The firms claim to be insured by Leadway but i know well not to trust these insurance companies when problems arise.

I see you took out a loan in order to invest. That was probably not the wisest decision you could have made. please pay off that loan first before investing.

Secondly ,agric tech is still a very new area. the risk is high. however you are young enough to recover if the untoward happens.

I must commend your interest in investing. if you avoid common mistakes,you will go far.

TotoNaRubber:
You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

Can we not please? it doesnt make for very pleasant reading. I cringed throughout.

In other news,I laff sotey tear comot my eye. I dont think the conglomerate is healthserve. They write differently. His problem is not being willing to learn. I can almost see where he is going. But he is young and may have time to recover or not. Depends on whether he learns his lesson.

dangoteinlaw:
remember seeing something familiar on YouTube or so, so ridiculously funny i mean what kid would get down with a black doll mostly at night it's going to be one hell of a nightmare. White dolls mainstream already, blacks are clowns don't listen to them;talking to doll companies lol

What color was your best friend in nursery?why wouldn't a kindergarten want a doll who looks like her best friend? I think she ll find it reassuring

100 percent locally made in Nnewi Anambra State.

Makes me sad that you have to ask. What's there in making noodles?

Razelce:
Hello house,

Please I want to ask a question. I am on tier4 visa and doing two jobs but my task code shows I am doing one job. Please is this an offense and would it affect me

Let me rephrase this" I work 2 jobs but only pay tax on 1 job,is this an offence?"

what do you think? please declare your earnings from the second job and run away from wahala.

okokobioko. this is a recurring theme in their reviews. I m a bit concerned about this to be honest.

[quote author=afroxyz post=88802948]You people give humans too much credit. History has shown that human always forget. Social distancing won't become a regular thing becAuse as human beings we are wired to be social. Anti-socialism reduces our humanity. That's why escaped convicts are always caught when they reach out to family or friends (something you would not do logically).

Pattern of consumption may change because many people may want to stock up more in the future . Also people would want to be more liquid and be cautious of where they tie their money down.

Jobs would be lost. But more jobs would be created for those that are creative. There would be a shift for online, technological ways of conducting business. I see AI playing a more dominant role in businesses moving forward.

But if na Nigerians. Leave . We no dey change. We have refused to change our attitude during the pandemic. People are still taking tricks laden with food stuff to reach their destination. Police is till complicit in enabling this despite the embargo placed by the government.

Is it post pandemic that people


As lawless as we may be, if you havent got any money,you ll moderate your behaviour by yourself and with yourself.
For example:compare spending during Jonathan's regime with that during buharis regime.


I would probably say that businesses which supply peoples NEEDS as opposed to WANTS have a greater chance of surviving the next few years.

odimbannamdi:
Go for the second option, especially if the location is good. The starting capital (5m) is reasonable and, if you are strategic about your operations (value-adding), there is a high chance that you will recoup your 5m investment in less than 2 years. Nigerians flex alot.

Also, if you are investing 5m for the second option, it means most of the setup materials will be make-shift materials, so your exit process may not be too expensive if things dont go as planned.

In all, follow your instincts.

May I suggest that you look at how covid will change peoples behaviour in the coming years especially now it will most likely become a yearly affair.

I would suggest that if you do go for the second option, you may have to spend a bit more to make it covid proof.

I also suspect this property may likely become cheaper .

thattnaijaman:
I thought this space is for Tbills.

If you want to buy land or build a house or even have issues with Discos please go to property or relevant section, this space is for Tbills.

Stop making a nuisance of this space.

Nigerians are lawless and itreflects in our society

that's not the only thing we talk about here. we exchange ideas as well. Anyway TB has tanked. I wouldn't buy any now.
we are repositioning ourselves to profit off of this recession.

maybe he was joking. I dont remember his being a troublemaker on this thread.

OgogoroFreak:
You are poor

really? or we are just joking and horsing around here? when did we start mocking newcomers here? I m not very happy about this

Crazeworld:
Please what's the best site to know the rate? Google is still showing 389

Partner just changed dollars at 410 in abuja about an hour ago. I use aboki fx. mostly shows Lagos rates

Osagyefo98:
And you have to pay to keep the church running. Solomon donated to the church and even Christ did more for the church.

Your own won't be different and moreover you are unnecessarily lying and exaggerating situation.

here's a live one. I believe this poster 100 percent. you must be clergy. that's why you are supporting this crap.

Theconglomerate:
Not true.
You should ask yourself why the famous "1 million boys" and badoo gang didn't go to Banana island or Lekki phase 1 to raid
It is not everything that you buy that would work,but atleast you were able to buy and extend your reach.

2 words ''French revolution''. When people get hungry enough,even Aso villa will not be safe. God help us

Theconglomerate:
With enough money,no one bothers about recession.
Money buys everything,there is a reason why boris Johnson and the queen didn't die.

the queen was never ill. you may have 100 million but if everyone around you is hungry,you ll be kidnapped and robbed everyday.

I m happy you havent seen anything that money cant solve. I m praying God preserves your innocence in that respect. Apeace...

what is a ''babambola''? lol

Doctor you are a goat.

Can I just sleep and wake up in 2021 or even in heaven . The wahala is never ending. Truly ,there are things money cannot buy.

From coronavirus to recession. wahala everywhere

this is serious. this is terrible

Not true. Disregard this post.

Why wont she point to cheese ball. There are things in there that get you addicted .
that crap is not even real cheese,what's wrong with you?

Please buy some fruits for that baby. she should not be eating even 1 packet of cheeseball not to talk of 5 or 6.

[quote author=MelesZanawi post=88598806]Brings us back to the initial question I asked you.
Mention a single Onitsha styled business of sole proprietorship that is in the second generation of ownership. [/quote

There are quite a few in that main market onitsha. some go bust, some survive.
whatever its flaws,its been in existence for nearly a century now. I just feel they could have made it bigger.

Theconglomerate:
Not when that,star wants to shine in your market share.
Tell ahib you can buy tankers and you want him to register you for the depot he hauls from and watch magic unfold.
That is not how capitalism works my dear.
The sky is never big enough to hold all Capitalists.
Talking numbers and doing stuff are two different things.

I rest my case. There is no convincing an onitsha man.
Oh ,and about your business model,I suggest you try it Emmanuels way for a bit.I have seen many onitsha traders crash and burn doing it your way. houses and cars were repossessed as well.

I am wired differently but even I know good advice when I see it.