₦airaland Forum

2000 kits and each kit costs N300K? Essentially N600Mil? Huge investment.

For starters, to help establish trust and confidence, try ordering in much smaller quantities first.

The woman who understands and consciously applies 75% of these will undoubtedly tap into his man's widest dreams. I'm still looking for her.

About men loving to fix things, yes we do, but I'm discovering sometimes women just want us to listen!

Columella:
Why do you think home delivery for groceries isn’t as widespread in Nigeria: Logistics or Customer Habits?
I’d be interested to hear your thoughts and views■■

Logistics and the general lack of trust we have against each other. We're a highly superstitious and suspicious bunch!

donnypool:
my man, all i said is true, these nigerian chicks here in edmonton are all useless.

I suppose personal experience tends to cloud one's judgment. I've met a few good ones.

donnypool:
bros you just need to move here and see for your self. most nigerian guys here go for white or asians or other blacks but not nigerian girls.

While some of that may be true, it depends on your association -- circle of friends -- and how you comport/present yourself. I do live in Edmonton as well, and I've seen a few well-behaved Nigerian ladies. Yes, many are prejudiced because they've either had a bad experience with our guys or know people who did.

walcolm:
Nah, I can assure you the bank will only give you your 12% less their own service charge and keep the difference for themselves

Depends on the bank, some are more transparent than the other and have integrity to maintain. 12% is minimum bid you specified, not maximum. So, legally, you should get the bank's winning bid (if it's higher) and they're usually not far off from CBN stop rate.

walcolm:
so does that mean if you bid 12% for a 91-day bill but CBN accepts 13.5% for the same bill, the bank will book you at 13.5%?

Yes, 13.5% minus the bank service fee.

MOBBDEEP:
Thanks for the whole time & energy.
I appreciate deeply .

Glad I was able to help. Happy investing!

MOBBDEEP:
Thank you very much.
I sincerely appreciate.

But you raised more dust for me.
Kindly pardon & oblige my inquisitive ignorant mind.

Does that means different banks/agents get varying rates depending on their bargaining power?
Let me paint a scenario.
I give a minimum point of 12% for 182 days to my bank Stanbic IBTC who bidded 12.5% and the CBN final rate for the week is 13.5%. Meanwhile, 1st Bank & Union Bank bidded 13% & 13.5% respectively

What is the outcome of the above illustration?

Thank you Sir

You have to bear in mind that your contract is really with CBN, not your bank who's merely a representative. Whatever stop/marginal rate CBN offers for each tenor goes across ALL banks, and their bids are usually not far off. This is because CBN states the marginal rate before opening up for bids. So, if a bank bids a rate higher than the marginal rate, it'll be rejected, and one that's <= will be accepted.

The difference between banks is the percentage they deduct from you for their service, which is negligible.

Looking forward to Dec 17th rates.

MOBBDEEP:
Thank you Sir & may God increase your knowledge.
Please, I have 3 followup questions to your response which are:
* How do the banks (as my agent) make their gains?
* Can the bank's bid differs from mine e.g supposing I place a bid of 10%, can the bank go to make a bid of 13% with my money?
*How does one ensure that the bank does not jeopardize my bid or trade?

NB: Pls, anyone can kindly answer me!

Banks rarely give you CBN rate, unless you're an excellent predictor.

Here are your possible outcomes:

- You specify 12.3%, and bank wins at 12.3%, you get 12.3%. Bank makes no money.

- You specify 12%, bank wins at 11.98%, you miss out. Your money stays in your account.

- You don't specify a minimum, bank bids to their best max and wins, you get the winning percentage minus 0.2-0.4%.

The current rates are still conservative, should be over 14%. CBN can't devalue Naira by over 8%, increase borrowing rate, and not adjust TB rate accordingly. Economically it doesn't make sense.

rabzy:
This theology is not totally true. It is not a right ans several examples proves it.

IF YOU are faithful to God, will he bless you with riches? Perhaps, but probably not with the sort of riches you expect. Consider Mary, the mother of Jesus. The angel Gabriel appeared to her and said that she was “highly favored” by God and that she would give birth to the Son of God. (Luke 1:28, 30-32) Yet, she was not wealthy. When Mary offered a sacrifice after Jesus’ birth, she presented “a pair of turtledoves or two young pigeons,” which was the customary offering that poor people made to Jehovah.—Luke 2:24; Leviticus 12:8.
Did the fact that Mary was poor mean that she did not have God’s blessing? On the contrary, when she went to visit Elizabeth, her relative, “Elizabeth was filled with holy spirit, and she called out with a loud cry and said: ‘Blessed are you [Mary] among women, and blessed is the fruit of your womb!’” (Luke 1:41, 42) Mary was privileged to become the earthly mother of God’s beloved Son.

Jesus himself was not a rich man. Not only was he born and brought up in humble surroundings but he was poor throughout his life on earth. He once told a man who was seeking to be a disciple: “Foxes have dens and birds of heaven have roosts, but the Son of man has nowhere to lay down his head.”
In fact, the majority of Christians in the first century were of limited means. When a man lame from birth asked for money, Peter replied: “Silver and gold I do not possess, but what I do have is what I give you: In the name of Jesus Christ the Nazarene, walk

The words of the disciple James also indicate that the Christian congregation was basically composed of poor people. He wrote: “Listen, my beloved brothers. God chose the ones who are poor respecting the world to be rich in faith and heirs of the kingdom, which he promised to those who love him, did he not?” (James 2:5)
In a letter that Jesus sent to the congregation in Smyrna, he said: “I know your tribulation and poverty—but you are rich.” (Revelation 2:8, 9) The Christians at Smyrna, though poor, possessed riches far more valuable than silver or gold. They were rich because of their faith and integrity to God.

So you agree Paul had more than he needed in Phil 4:18? Many of your references, when put in proper context, can be debunked. Does the scripture say "give and perhaps... maybe it shall be given back to you with somewhat good measure, pressed down, shaken together, running over"? The point is there are principles God set in place, and if we diligently obey them through Faith with help of His Spirit, He will do His part. Giving and receiving is just one of many principles.

Oh BTW, Jesus may be born in a manger to a Carpenter for obviously a divine reason, but he definitely wasn't poor. Again, context.

Why can't Christians be rich in faith AND material wealth? Whose fault would it be: God's or ours?

Yes, eternal riches are far superior to earthly gains, but it will be ignorant to think God doesn't delight in the prosperity of His Children here on earth. His people perish for lack of knowledge.

coderXO:
Best time to change your $$$/€€€ to Naira is now. Naira is weak right now and you will get an extra 7% since October rates.

You will get more Naira for your $$$.

The weakness is going to last 3 months; -ember months. It will regain it's ground come January/February.

Don't go in for 365-day tenors, the Naira will be weak again when you want to change your money back ( if you wanted to).

90-180 day tenor would be preferable; Naira will have very well recovered from it's weakness. You would be using less Naira to get the $$$ you put in back.

The major reason for Naira devaluation is fall on oil prices... and perhaps the election. The way I see it, even after election, if oil prices remain low, then the shock on Naira will continue. The currency may stabilize, but I highly doubt it'll gain back <N165 per $1. We shall see.

With the official devaluation of Naira by almost 8.4%, the rate better increase! Anything below 14% on 365 tenor won't make sense.

Sanusi is looking like a saint now.

Chillisauce:
I saw an advert here, something about Nigeria property online. Some houses in Ajah go like 14,000,000. But these days one got to be careful not to buy already own or government own plot. Real estate in Nigeria is still shaky

True, more shaky in some places, but with meticulous due diligence, one should recognize legitimate sales.

Chillisauce:
nice analysis, three scenario, 1. the funds are not yielding interest but little debit charges for maintenance. 2. bank charge of 2% of your capital for any foriegn investment which is usually between 2 - 3 % ( more loss). 3. convert to naira and in future time the naira become useless by the day. the rate at which the naira is dropping is baffling. and we all know that it takes a miraclefor the naira to recover from the losses

Even in the western world, you gotta account for inflation; currently in Canada it stands at just over 2%. The funny part is their banks won't offer you 2% on a savings account. So even if you leave your money in a bank here, you still lose, unless you invest in stocks.

That's why it's important to diversify. After enough capital, I'm considering moving some into landed assets which appreciate in value over the same period Naira looses value.

rabzy:
Some Bible translations cited phil 4:19 as need and if you look at the context of paul's statement he was talking not about wants but needs and how his needs were met by the contributions of the Philippians. he was not talking about luxuries and he said God would also reciprocate the gesture to them in turn.
Moreso it is English that differentiates between wants and needs, the original bible language may not have such specificity.

While God can give more than you will ever need, but it is at his discretion. it is not a right or a birthright of xtians to have wealth more than than they can ever want.

This is purely human idea to stay "humble" - not Biblical. In Phil 4:18, Paul was actually talking about having MORE than he needed/wanted because he kept receiving gifts.

Yes, it IS a Christian's right (or inheritance) to be blessed abundantly in ALL areas of life - including material things. This is all over scriptures, from the inheritance of Abraham to asking "WHATSOVER ye desire in my name"- John 14:13. Often people perish for lack of knowledge. When you understand that God has already made provisions, you realize that many times what's holding us back IS us and our tiny wandering myopic mindset.

Seek after His Kingdom and His righteousness - that includes using the resources/wisdom He blessed us with for His glory - and everything else will be added. If that's what He said, then I trust Him to do His part as the Holy Spirit helps me do mine.

nitrogen:
We are getting there, liquidity level as at today is less than 100 billion naira, though FAAC should come in later, interstingly, Nibor rates are above 18%, God dey.

We are heading towards 13%, Insha Allah.

I joined the TBill bandwagon a bit late. It'll be nice to see 13%, especially with weak Naira.

Go to [url=xe.com]this site[/url] for official currency rates. They also have an app on both iOS and Android platforms.

Numbeo tells you the average cost of living in Lagos, which you could use as a variable yardstick for other Nigerian states/cities.

Looks and sounds all good. Let's hope this isn't another failed project with misappropriated funds.

Rubbish on limiting God to just "needs". He's much bigger than that, and can provide far beyond our imagination.

Phil 4:19 is translated in proper English. "My God shall supply all your wants" makes no grammatical sense. How about Psalm 23:1? The Lord is my Shepherd I shall not want?

We're urged to correctly divide the word of Truth through the help of the Holy Spirit. So, yes, when you seek the Kingdom of God first, everything else will be added [through Faith]. Now what we do with the provisions reflects even more on our love for God and people.

This is not a good thing for foreign investors who are already losing confidence. I'm hoping it strengthens after the election.

@Barcholder
Looking at the picture you posted, I'm a bit concerned on the location and placement of those panels. These things store heat from our abundant sunlight, and the reflection from them could be dangerous. So, what does your risk assessment entail?

Actually, there really isn't anything mind-blowing about this. It's very doable; sure it requires plenty discipline and "sacrifice". People will call you stingy when you're actually frugal and goal-minded. In North America, opportunities abound so much that I'm always amazed when I see beggars and lowly minds - many of which are either ignorant of the programs available or simply refuse to take advantage of them.