₦airaland Forum

mahkanjuh:
Hey, Boss! Which type of Car battery is that? Please, whisper it into my ears too, I have been thinking of running my freezer during the day only ..........

godspeed:
Boss please, one last question.

I'm thinking about going back to the 12 v battery setup - paralleling my two batteries and returning to my 12 v inverter instead of the 24 v inverter.

Will this guarantee more yield?

For the 12v battery setup, do I leave my solar configuration as it is ( 4 panels in parallel) or do I optimize by changing to 2p2s?

emmanuelewumi:
That was their undoing. The old richmen and businemen were not educated, they gave their children the best education in Europe and United States and their children became judges, lawyers, Professors, doctors, Engineers, civil servants and diplomats. The education was not to enable the children grow the business unlike their Indian and Lebanese counterparts

DexterousOne:
If your business is built with proper structure

It will survive with or without your kids running it

Many of the businesses in Eurppe that survived centuries

The descendants of their founders are not running the business but shareholders in it

The structure is key

That's why I'm always in favour of listing companies when they get to a certain size

That way the legacy can keep going

emmanuelewumi:
Read " The making and makers of Nigerian private enterprise" by Tom Forrest.


There are Nigerian owned Businesses as far back as 1930.

I will send a summary of some of Businesses to you tomorrow by God's grace, most of the Businesses are now dead.

Mainwhile some Indian and Lebanese owned Businesses that started around that time are still existing and bigger

DexterousOne:
WTH are you talking about


What you typed up there
Does it make any iota of sense to you?

einsteine:
CBN has nothing to do with Dom account transfer. Within a bank, transfers from one Dom account to another is instant. You are right about the currency issue. The reason you can't directly transfer from one Dom account in one bank to another is because they use different intermediary banks. If you transfer from a US dollar Dom account in bank A to a Dom account in bank B, the bank's account with an American bank is debited and transferred to bank B's account with another American bank before Bank B can credit their customer. If both banks use the same intermediary banks, the transfer could be instant.

Wiseoldman:
Hello All,

Does anyone know a USD fund (or EROBOND fund) in Nigeria that doesn't require international bank transfer. Most of the funds require sending funds outside the country through the intermediary bank. This takes off some chunk of the profit.

ahiboilandgas:
with a ghost shopper everybody must be on his toes .....but when referal is the only criteria against an unreferred management strategist in certain enterprises.....issue like this will come up....

ahiboilandgas:
when they recruit jagajaga people through man know man they get jagajaga service

Iogobenz:
Because Covid is temporary and will end someday and the retail industry will bounce back.
So why would any sane retailer sell off his business because of a temporar problem?
Even clubs and lifestyle inclined businesses that has been shut completely for over 5 months aren't folding up due to covid,so why would retail that was only affected by a negligible percentile fold due to covid?
Now you see why no one talked about the "effects of covid".

Donbrig:
Shoprite cannot leave Nigeria now, they have built a strong market influence in Nigeria, but they need some overhaul. I am a bit pleased that Nigerians are beginning to embrace local products, though at a very slow pace. FG should set up a more aggressive campaign for Nigerians to patronise local products, that seem to be the only way out of our economical woes.

States/regions should compete on setting up local factories and industries, we know there are challenges, but we all must play our role.

Our local market is so big that we don't necessarily need FDI, some FDI could be more of a burden than asset to their host countries.

Few years ago, FG wanted to issue a license to foreign flights to operate local in Nigeria, just imagine how devastating that would had been to our economy and indigenous flights today, thank God for Air peace management and other local airlines who stood their ground against the idea to issue license to foreign flights. At the moment, local flights in Nigeria is now one of the best in Africa, some states are even getting ready to launch their own airlines.

ahiboilandgas:
in sale we use the ghost shopper

Reine22:
How many monikers does this guy have? Everyday a new attack

Aquilapriscilla:
I stay in the north ,we use ppm 120.1kw is like 3000 plus its not even up to 3500 (this includes vat) and we use it for like 1month plus
We don't have AC ,our pumping machine use solar panel,we don't leave fridge over night,or on light bulbs any how.

The thing is that change begins you(me)...if we in our small circles start effecting what we want to see on a larger scale,in no time there will be a ripple effect. You know one country that baffles me on how they grew from rags to riches.. =Japan
Sometimes I feel we in Nigeria got everything to easy and cheap (especially our independence)..we should have fought for it with tears and blood... Then we will understand what Nation hood means.. Well hopefully we get there someday

Biafran4life:
Sorry to post this here.Pls what is happening to stock market thread? Can't find it in the investment options

Thisnut:
bro 2000km or 200km? Because 2000km is like Nigeria to Liberia.
The farthest you can travel within Nigeria should not be more than 1500km.

kintus:
Why now

I hope he gets here soon.

But, wait how did you know he was banned??

emmanuelewumi:
Better to give big businesses the opportunity to use their taxes for the development of infrastructures.

The road constructed by Dangote on the Apapa Oshodi axis will have a life span of over 20 years before any maintenance on the road

emmanuelewumi:
His business in the South Western state has bank accounts, he has an account officer and the bank manager knows him.

So it will be almost impossible for him to hide, especially when he has a business that he manages. Assuming he was a fixed income or portfolio Investor it is very possible for him to hide and disguise.

Top 3 percentile in Lagos will be among the top 2 percentile in the country and that is huge

ultron12345:
Poverty is not the cause. It is greed and pure wickedness. And this sense of entitlement Nigerians always have....

One way to minimize this risk of kidnapping is not to showoff and keep a low profile if where you live isn't that secure. A businessman
..

If you see him at home in his state, you can't think of kidnapping him. Instead, you'll be feeling pity for him.

kintus:
Fingers crossed. Thank you in advance.

Tochex101:
I think not Sir.....but when is the right time to step in....is it till scarcity pushes it to #800..

civilserva:
Some people here raised the issue high exchange rate in favor of Dollar as the parallel/black market has continued to edge towards 500/$1. This should be great source of concern to all, if no radical economic measures are put in place, the fate of Naira will be same as some other currencies like Zimbabwe dollar, Lebanese lira, Venezuela Bolivar and other failed currencies. Naira going toward 1000/$1 means more and more people will lose hope in Naira as means of Exchange, leading to adoption of dollarization.
The below link gives a graphical representation of situation in Lebanon.
https://www.forbes.com/sites/tatianakoffman/2020/07/09/lebanons-currency-crisis-paves-the-way-to-a-new-future/#782703436a17
CBN as a matter of urgency needs to strengthen naira by curbing the activities of currency speculators and black market operators. Restoration of people confidence on naira will stop panic buying of dollars for the preservation of their savings/investment.

ultron12345:
Take a look at this topic that made front page few days.

https://www.nairaland.com/6021726/juju-scare-should-quit-job

Like what we were discussing the other time.

Salary: 35K per month
Daily Allowance: 2K daily (40k- 48k per month)
Yet, he's stealing 50-60K weekly (200-240k per month) from his employer, and he said he's not the only one. Imagine they are up to 4 or 5 engaged in this act. The business is loosing N1M to theft monthly.

And the owner will be thinking buhari or village people are the reason her business isn't doing well, not knowing its the witches and wizards that she employed.

Nigerians are wicked. If this business fails now, you'll see the theives shouting "No job, No job". When they've killed all the businesses that were supposed to create jobs.

Another surprising thing is that such theft has even been normalized in the society. He said it so proudly, without a single iota of shame, and apart from one or two people, the majority of those commenting didn't even say anything about the theft. They're telling him to pray, and even him after stealing is still claiming to be a Christian. Another irony is how Nigerians can be so religious yet so wicked, evil and fraudulent.

Nigerians are the problem of Nigeria.
The reason most Nigerians haven't stolen billions of government money is simply lack of opportunity.
The population of Nigerians waiting to steal is greater than the population of those currently stealing.
The only reason Nigerians are angry at corruption by politicians, is because they're not the one benefiting from it.

It shall never be well with that OP. Hopefully, that his leg injury will turn into cancer and kill him. Bastard.

emmasoft:
That is what is obtainable in mutual funds especially those that are not price based.
Interest is earned daily but paid according to what is specified on the funds prospectus.

For VGIF, interest is paid 1st July and 1st January and if you opt for reinvestment of interest (compounding) the accrued interest will be reinvested on those days otherwise it's credited to your bank account.

ahiboilandgas:
A labanese popular ice cream company was lock down for using milk that are days to expire to make ice cream ..he goes aboard get about to be expired milk ship to Nigeria..baam make ice cream and bribe off health inspectors , futher lunder proceeds to dubai where his family reside...

Nigsrdumb:
But the most successful people live in villages in Europe close to their farms.

A Nigerian i know doing this is tuns farms. He [b]left Lagos to build a farm/ mansion in Oshogb[/b]o and now creates employment in the area .

I think our mentality is wrong. The way we see things dictates our narratives.

michealekene:
Please what is meant by "the bond is discounted" especially as applied to the selected image below. Is it profitable to go ahead with it? The account officer is yet to give me a response.

ahiboilandgas:
vision ,aspirations and mission keep changing along the way ....from looking for income for survival to finding fulfilments ......