₦airaland Forum

Lol... You know this probability is very low.
Even lots of people who get lump sum in the oil and gas industry at retirement, many of them go into penury in no distant time, it is not an easy transition from monthly salary income into a one time lump sum. With no previous investment experience, many of such folks will fall into the temptation of high yield investments and lose most if not all of that money in a short time.
I tell you that the first thing some will do is to start building a house on that money, then they will have an uncompleted house on their hands and no cash flow.
Majority will go into a spending spree, finish the money and start insulting the system and government. If they will be richer, let them use the 10M lump sum to achieve that while the extra 10M serves as insurance.
If you non first sabi manage and invest money wen u de work, u can hardly learn it in retirement

Very similar to lottery winners when they get a lump sum.

OgogoroFreak:
Some would be richer in 3years time.

I sincerely hope you do not believe this guy's write up?
If you give them that 20M once, in 3 years they will be completely broke.

IyaTola:
Allow Pensioners to withdraw all their savings if they wish please

By

Uwaifor Oga (FB Wall)
!

@ahib, this na your kind of thread. Just couldn't help laughing

https://www.nairaland.com/6139266/naira-more-valuable-than-dollar

Let me do oversabi and answer for him.
Yes, na real doctor he be, I asked him before and he answered in the affirmative.
As per the bolded? How does that help in terms of dividends or share price appreciation? I am asking for one of my friends like that.

Mcy56:
Doc hope you're a tithe payer?
Exactly what dropped in my mind immediately I read this post.
Also, are you a Med. Doc in reality? I referred to you as Doc cos I've read lots of comments referring to you as such. No vex o.

I thought this may be useful to someone. Hopefully with the wealth of knowledge here, someone may be able to help impact it on others.

Mini-Grid Instructors Needed!

The Council for Renewable Energy Nigeria on behalf of our partners calls for Mini-Grid Instructors as Resource Professionals to develop and undertake training courses.

Locations: Lagos, Port-Harcourt and Abuja

Mode: Practical and Lecture Room training

Requirements: Expertise in the following:
• Mini / Micro Grid Design
• Practical knowledge of various energy systems and technologies
• Smart Metering and Billing systems
• Real time remote monitoring
• ESIA design and studies
• Commercial Plant Management
• Systems Maintenance
• Design, develop, implement, track and improve
revenue collection and optimization systems
• Developing and collecting site and/or plant operations data
• Design of hybrid mini-grid systems (Use of two separate technologies)
• Design and integration into existing energy systems, off-grid or grid
• Mini-Grids Business Expansion, develop budgets and forecasts
• Develop processes for site operations management
• Management of technology transitions
• Community liaison and Stakeholder engagement
• Feasibility, Audit, Site and Systems Assessment

- We presume that applying resource professionals shall have the necessary skillsets and certifications.
- The courses will primarily be technical but a good understanding of all processes in developing a sustainable commercial minigrid will be expected.
- Expertise and dynamism in developing training curriculum to reflect current trends

Send copies of resume, certifications and a brief one-pager on your skillsets and involved experience in mini or micro-grid development, operations and management.

Also specify vacancy and location, as subject of email to: cren.nigeria@gmail.com

Sam Ifeanyi Nwosu
Secretary General
Council for Renewable Energy Nigeria
cren.nigeria@gmail.com

Strange, just as you said it would be.

Goke7:
this thread no go pass 4 pages, if it reaches 5, na miracle. But if it elsewhere, chai e go reach 20. , they are the real mvp

Exactly with the bolded. license na administrative issue, question is what really happened.

AerialMapper:
Everybody was calling the pilot a hero; talking bout how he dumped fuel to prevent an explosion.

The report has shown that the helicopter had no capacity to jettison fuel and that there was no fuel in the tank.. so what could have happened?

Faulty gauge? Higher consumption than calculated? Under-fueling?

This has nothing to do with the validity of the pilots license; why was the tank empty?

Not having a license is not the cause of the crash because it does not mean that he does not know how to operate the plane. Many pilots for Pakistan non get license yet they non de crash plane.
If you read the story, one of the license they are talking about expired in August and was probably not renewed because of the lockdown, not like the guy suddenly forgot how to fly when his license expired. License expiring is an administrative procedure, but the question is why did the chopper crash? How did a chopper with no capacity to discharge fuel mid air end up with no fuel after it was claimed to have refilled.
Just my no-aviation competence thoughts

I was wondering myself why he said that, then I realized he probably wasn't talking to you but warning others that may just run off and move their money into the stock market without some form of financial education.

ositadima1:
I don't see any downsides here, I bought close to bottom. Zenith is a solid bank. If d dividend payout continues, and I believe it will, I recover my capital in 5 to 6 years. That is if I don't experience the 200 to 300% rise first.

Wow, finally some who deploys PLCs for home applications. Can I see your wirings drawings.
For a simple home application, you went for the expensive semens?

NairaBaba:
I will post more details and the ladder program I wrote and still improving to run the PLC, Siemens Logo!8.

Hope you do not plan to liquidate that zenith anytime soon? In terms of EPS, I believe it is one of the cheapest stock. AFIPUD seems to be another.

ositadima1:
Oga Ahib dey try, he is very current. Earlier this year, he mentioned zenith beign a good stock to buy at the price then. That provoked my intrest in d NSE. I liquidated my small Tbills, then split in 2, put one part in d 7 year sukuku bond and d other in the stock market. Zenith has appreciated with more than 38% since I bought it. Though, I am in d market presently as I believe there is still room for growth.

Since you are starting from the beginning, please when you get to the part that batteries were extensively discussed, please be kind enough to refer to it.
It is a section I would like to read again because it was very rich but too lazy to start looking for it.

contease:
Greetings to everyone here. The originator, the participants. You all have been selfless and wonderful

Came across this thread few days back, asked a question or two and got responses after which I had to go back to page 1(2012) and started reading and currently on page 40 .

Reached out to my OGATT (oga at the top) George_D. Yestda we spoke for a whole 18mins on his account. I was even rushing to conclude and save the selfless man all the stress and cost. I feel so indebted here. Sir I deeply and truely appreciate you.

Ever since I started reading, the comments, questions, answers from just too many persons to mention, the thread has been like an ebook to me. Can't sleep... Lol.. The more readings, the more clarity to the SM.. Where have I been. Omg!

"we" the newbies appreciate everyone here. You guys deserve more than "one Ferrari each honestly" . I appreciate.

Having said all that...i will ask a lot more questions here knowing/hoping it sure will be addressed.

I have lots of constraints majorly on finance so I may be asking lots of awkward questions to see if I can get in via the back door as close as possible thanks guys.

If you earn in Naira and most of your transactions are in Naira, the impact is less. The impact is worse for someone who brings in $10,000 at N160 around 2014 and wants to repatriate 6 years later at N450. My point is that, there was no need to convert so much into naira in the first place if you do not have a strong need for it in naira.

Phraences:
If 1 naira was 1 dollar, nobody would really care. But when you earn in naira and save in naira, isn't the value of your savings in the real world affected every time the naira depreciates? Cos the naira depreciates in relation to another currency. Exam fees priced in dollars, imported products priced in dollars and anything originally priced in dollars, you need more naira to buy those things. The other day, someone mentioned that price of weavons she imports from China have now increased.

But I believe you guys keep making the mistake of thinking you can move money between two currencies easily. Apart from devaluation there are currency conversion loses. If you want to invest in naira, have a definite amount for that and then invest where you are.
Having money in naira and thinking of it in USD will only lead to heart ache.
The person who got his money in naira and invest in naira only has to worry about inflation and even the effect of that sef is over rated if you ask me.

XiaoLi:
Yes i bought some usd then with my matured tbills, it escaped my mind to terminate other of my tbills and convert them to usd, now that single mistake is haunting me...

But bros, u de here for long na, sometime around December or early this year, Ahib warn everybody to store up in USD especially as TB was becoming low and devaluation was believed to be inevitable.

XiaoLi:
I am just managing 5% in commercial paper and low rates in other investments while waiting for dollars to drop so that i can convert all my naira to dollars, I will never keep more than 10M in naira again once dollar drops and this is the last time i will be caught in naira devaluation, tbills, mmf, cp e.t.c in Nigeria doesn't worth it..once there is a devaluation you will lose all the gains and even some of your capital.

See that colored "device" in his post, it will take you to the seller on aliexpress.

odimbannamdi:
Alright baba...whats the name of device so that i can search for it?

Na wa. Human resource problem in Nigeria.

radautoworks:
He has all amdman's contacts and strategy. All he needs is to demand upfront payment. To everyone who said "just hire an assistant", If you've ever owned a business you will know especially in this kind of setup, that is the beginning of the end. For quality control, he needs to handle it all himself until he can hire multiple people as checks and balances against each other. Even then they may still collude but if he's lucky like we've been, as long as some are good and loyal, the rest will watch their step.

Hmmmm... Another wahala.

However you need capital and international contact for this kind of business, something an assistant will likely not have.

radautoworks:
And when that assistant starts siphoning his client base?

Kai... See how you just came up with a solution. Amd, please here is a great option for you bro experiment with.
A virtual assistant will help you filter serious immediate buyers from future buyers.

I believe even the so called unserious ones will either be serious very soon or can refer other serious buyers.

@agarawa, I admire this your very practical solution. We are many that want AMD to succeed.

agarawu23:
he can.....
He can open another WhatsApp with new number, update us here and employ someone to attend to it. Then the assistance will push serious buyers to amdman and he starts purchasing process. because we have so many time wasters disturbing him when they are still planning to buy car next year and he will keep ignoring both serious and unserious clients.

He can't do that business alone at this level unless he wants to win some and lose some.

He has a lot of work to do on his communication.....every potential customer needs fast reply which will give them more confidence of getting to him when they need him (since we all know his available hours due to time difference)

This exactly is where the problem lies, unlike emails where you can simply employ someone to help you manage and both of you can manage it at same time, I do not think that you can do the same with whatsapp. With whatsapp, it is just one person that can handle that account at a time.

I really hope he finds a solution that can help him scale.

agarawu23:
I messaged him for same car I bought from him and the potential buyer was with me for 3 days ready to buy. No be everybody get that kind patient. Amdman didn't reply me until after 5 days.

If amdman cant work on his customer service and employ someone to attend to his WhatsApp chat, then someone else can come in to fill his weakness and make sales has he does...

24V combination go be how much like that?

Valto:
3.2AH full capacity 280AH LITHIUM batteries for sale @70k each whatsapp 080-8541-5985
8pcs available

LIFEPO4
YIWEI

Model Name
3500 cycles
DIY 12V 24V 36V 48V LF280 280Ah Lifepo4 Lithium Battery Cells for Solar System
Rechargeable
YES
Max Capacity(mAh)
280AH
Minimum Capacity(mAh)
280Ah
Internal resistance
≤0.25mΩ
Charge temperature
0°C ~ 45°C
Max charge current
1C（280A）
Max. Discharge Current
1C（280A）
Dimension and Weight
Dimension
174*72*205mm
Weight
5.5kg

I thought they said Venza production has been discontinued?

Kayharry:
[http://kayharry.com/toyota-venza-price-in-nigeria-2021/

Price and review venza 2021

This matter seems to have been treated in an earlier thread some years: https://www.nairaland.com/4480441/lagos-danfo-buses-now-use

ubcandid:
LPG - which is either propane or butane, or a mix of them, is what we use as cooking gas in Nigeria. FG is advocating deployment of CNG (COMPRESSED NATURAL GAS) as a substitute for petrol in cars. CNG and LPG both have different properties and storage methods. They are not the same.

See quote below

laudate:
LPG is not only used for cooking. Guy, both CNG and LPG can be used to power or fuel cars. It depends on the type of conversion kit, used in your vehicle. In Lagos, there are more stations selling LPG autogas, than CNG autogas. Secondly, it is easier to transport LPG autogas from the gas depot using gas haulage trucks, than it is to transport CNG autogas from a depot/CNG mother station to a retail station, using specialised cascades.

It is cheaper, and more environmentally friendly to run your cars on autogas than petrol. The conversion process, turns your vehicle into a dual-fuel one, which means you can either use petrol or gas to fuel the car. In times of fuel scarcity, this is always a good thing, because instead of queuing at petrol stations for ages, you can simply switch to gas and go on your way. For some conversion kits however, you still need to have a small quantity of petrol in your tank, before you can switch over to gas, in order to power your vehicle.

Hmmm... Some things we take for granted.

emmanuelewumi:
Very important to use the same name sequence in all our records, certificates, BVN,account name, driver's license, national ID card, international passport, ownership of properties like houses, shares , cars etc

sophy17:
Some mistakes are just costly, unpardonable and with severe consequence. Simply changing the name to allign with the register was not the issue but providing the documents/proof with which to support it.

Hence, in the recent times, human educational records are now collected/supported in several ways such as passport photograph, biometrics, etc and not just the name.

In the instant case, the only proof of him they have, is his name in their register as it is. Meanwhile he brought his documents showing his name written in another form different from the name in their register.

Please forgive my ignorance, would it not have served the Dr Esenowo better if he had simply changed the order of his name and reapplied rather than going through this prolong court case? Or was he just trying to prove a point?

sophy17:
Find below a court judgement in full support of your write up.

Esenowo v Ukpong [1999] 6NWLT [PT 608]* 611. CAN THE WAY ONE WRITES HIS/HER NAME TURN THAT PERSON TO SOMEONE ELSE BEFORE THE LAW?*
*In short, it may interest you to know that the way you write your name can make you someone else. Does it sounds funny?*
This was established in the celebrated case of *Esenowo v. Ukpong* The fact of the matter was Dr. E. J. Esenowo applied for reimbursement from Nigerian Medical Council but the Council because there is no E. J. Esenowo but Esenowo, J. E. in the register of the Council denied him his demands.
....
Thank you very much

Make una non vex, does Morgan also allow users see volume of shares on offer? If yes, how? if no, where do you get such info?

Mpeace:
He is not interested in selling. All he wants to do is create fake offers to subdue the price until he is done buying lows.

We can use here, set up as a temporal google doc to chat or better still use a dead thread to mention me.

Grupo:
Please, I want to send you a Pm. Should I?

Thanks a lot.
The explanations, drawings and pictures have all helped to clear up the confusion.

essegis:
Terminals on the battery relate to the individual cells that make it up. Each comes with their positive & negative terminal which you have to parallel to get the full AH as printed on the battery. Number of cells is determined by the amount of AH on offer.

From here you connect in series to make up your desired bank voltage. Remember the batteries are nominal 2v. Quite easy to get around though.

mctfopt:
Don't be confused, each side (made up of three terminals) is either positive or negative. But this is a massive capacity so only one terminal won't be enough to handle the current that can be drawn from it.

Notice how someone used a long bar on first battery to join the battery terminal. On second attached picture you can see that is a 48v system if you follow the connection, just assume each three cables coming from each battery is one to further simplify it.

GeorgeD1:
i see that essegis already answered you earlier.

in addition, you can always check the product data sheet for the correct battery terminal connection
sequence. where i had issues personally was how to connect both ends of the curve, since i had mine
in a double row fashion. for this i spent countless hours searching youtube videos of different types
of 2v battery connections without success until i eventually figured it out by myself.

Mr TransatlanticEx, would you be kind enough to help clear up this small puzzle.
What other post (perhaps in another thread) was ezinne referring to?

Afr0mentalist:
What original issue and which original post ? TransatlanticEx never quoted her and she specifically referred to this here conversation / issue of Ponzi.

Maybe you are her are one and the same, maybe you are not, but at this point and given the fact evidence available you can’t blame people for believing you are one and the same with that Lady Enyinne.