yetunsbay:
I was able to raise little change and I plan to maintain its value at least.
-I'm afraid to dabble into all this Agritech uncertainties.
-Thinking of purchasing a stable coin-usdt but the thought of hack reset my brain.
-Maintain a dorm acct but to purchase dollar no mk sense it's on high side.. returns if later sold is meagre.

NOTE- The capital is too little fo real estate.

Atleast I need something of 25% ROI within three months with my seed secured

Cc emmanuelewumi, others

You are at both extremes in what you want.
I'm sure you would have heard or read a common quote saying high returns goes with high risk.

If you want a return of at least 25% it will be wishful thinking to expect your capital to be secured.
I'm not saying it's impossible but given the duration it will surely involve risk which most likely means your seed capital will not be secured.

Pls how can I get the current rate of stanbic IBTC mutual fund... I

Good morning gurus please long term investment advise, house in lagos vs small filing station outside lagos which one we be advisable to invest on.

Diyke4rich:
Good morning gurus please long term investment advise, house in lagos vs small filing station outside lagos which one we be advisable to invest on.

How much money for the investment?
What's the general location of the house and filling station

Diyke4rich:
Good morning gurus please long term investment advise, house in lagos vs small filing station outside lagos which one we be advisable to invest on.

Filling station

conyema12:
Pls how can I get the current rate of stanbic IBTC mutual fund... I

8.9%

FBN Fixed Income Fund is not doing bad at all, how can I open an online account with FBNQuest Asset Management?

How accessible is FBNQuest if their attention is needed? How long does it take to redeem your fund?

Please, those who are already with FBNQuest Asset Management should share their experiences with us.

jobark:
Good day everyone.

Currently reviewing offers from FBN Quest.

1. FBN Money Marker Fund - 9.34%

2. FBN Fixed Income Fund -11.46%

For clarity, any downsides to picking the Fixed Income Fund offer?.

Donbrig:
FBN Fixed Income Fund is not doing bad at all, how can I open an online account with FBNQuest Asset Management?

How accessible is FBNQuest if their attention is needed? How long does it take to redeem your fund?

Please, those who are already with FBNQuest Asset Management should share their experiences with us.

The account wasn't opened online but from their branch office. So I can't tell you anything about their online account opening.

Haven't also redeemed funds from there but I believe if the app is well set up you will not encounter issues with redemption.

Not very accessible, the only way around this is to know and have your account officers contact. Their customer service seem to be the worse of all of the 3 or 4 I have had encounter with. They hardly reply messages.

Nezzjnr:

123 billion Naira equivalent to almost 299 million US dollars paid to Agberos yearly in Lagos state Nigeria, that amount can provide food bank, clothing bank, social assistance to the elderly and vulnerable population in the society and it is been channelled to Agberos for smoking weed / ogogoro / kainkain consumption in different parks and bus stops in Lagos,
what kind of nonsense is this

AngelicBeing:
123 billion Naira equivalent to almost 299 million US dollars paid to Agberos yearly in Lagos state Nigeria, that amount can provide food bank, clothing bank, social assistance to the elderly and vulnerable population in the society and it is been channelled to Agberos for smoking weed / ogogoro / kainkain consumption in different parks and bus stops in Lagos,
what kind of nonsense is this

Nigeria nonsense, go out and vote to be the change you want to see.

emmanuelewumi:



95% of people in their 80s are financially dependent on their children.

If not 98%.

Zobah:
Nigeria nonsense, go out and vote to be the change you want to see.

ibechris:




If not 98%.

The reason you need grind now and gave investments

Good morning Guru in the house
Please when is the next tbill date?

mickky22:
Good morning Guru in the house
Please when is the next tbill date?

next month

TotoNaRubber:

Bros I hail o, you are running fgn bonds from savings or current account. I don't think they sold you fgn bonds.

I did using my savings account

OgogoroFreak:
minimum 5m. Another minimum 100k. I'm lost

Stockbroking is minimum of N5 million, for bond minimum of 100k

[



Filling station is about how many litters you can sell in a day. Any location that can sell at least a 1000 litters Daily is far better than real estate

Diyke4rich:
Good morning gurus please long term investment advise, house in lagos vs small filing station outside lagos which one we be advisable to invest on.

Filling station is about how many litters you can sell in a day. Any location that can sell at least a 1000 litters Daily is far better than real estate

libartay:
House please has the Naira just been devalued once more?

Yeah 3 times this year.

Lazyyouth4u:
Oga Emma, saw this somewhere and thought about you

True

Ranameer:
[



Filling station is about how many litters you can sell in a day. Any location that can sell at least a 1000 litters Daily is far better than real estate

1000 litres a day is very small for a filling station o. Margins are very low so you need more volume to make it worthwhile

einsteine:


1000 litres a day is very small for a filling station o. Margins are very low so you need more volume to make it worthwhile

You are right, I investment millions on a gas station somewhere in kogi back in 2016. That was when I realized that is not just about having a filling station but how many litters you can sell in a day. I have to closed the place cos the station can't even sell 500 litters a day

Good day!


I want to know if it's right to hide one's achievements like educational, monetary etc because one wants to find true love.



Does it make any sense?


Would a woman be considered bad for rejecting you, if you said you squat with your brother whereas you own a house?

Or that you didn't attend a university whereas you did?

Or that you you didn't have a job whereas you did?

Note that all these are in a bid to test if she is a wife material.

Is it wrong for women to insist on certain things like wealth, educational background, etc?

amrichy:
The fact you should keep in mind is that your achievements form a part (an important part actually) of your personality, and your personality will determine who will love you and how much they will love you.
So if people love you for your wealth, academic qualification or profession, it doesn't really mean that they don't love you genuinely. And when you conceal certain parts of your personality, you simply make yourself unattractive and unappealing to some people that would have otherwise been influenced to love your through such
hidden personality (your achievements).
To get my point better, answer this question: could a woman's academic qualification, communication skills, intelligence or culinary skills (which can all be considered as achievements) affect whether you will love her or not?

That's a good one there. I guess Nollywood championed this narrative and took it to a ridiculous level where a prince or son of a rich man will pretend to be poor or a gate man to find " true love."

The effect of this narrative is that it demonises it when people get attracted to you because of your wealth, achievements etc. But then like you said, these things form part of your personality as a person and will influence how a partner nay a woman views you.


The daughter of a professor could resolve to marry only a graduate or a rich man. That would make her proud among her family and friends.

Would you blame her if she rejects you because you denied or hid being a graduate or claim poor?

Is it wrong for her to insist on these things? Does it make her a gold digger?

Ranameer:




Filling station is about how many litters you can sell in a day. Any location that can sell at least a 1000 litters Daily is far better than real estate

Just 1,000 litres? That means the profit margin per litre is significant

QuinModah:
The reason you need grind now and gave investments

What do u mean?

odimbannamdi:


Just 1,000 litres? That means the profit margin per litre is significant

The mergin is 15 naira per litter at the moment. That is if you own a truck to buy from Lagos depot & transport it to your location ( federal government will pay you for the transportation) say Lagos to kogi is like 700k. If you are able to sale at least 30000 litters in a month. You will make margin close to 500k then you deduct cost of powering the station from morning till closing hour daily for a month & other expenses

I am about opening a corporate company account.
The intention is to build a system that will make me credit worthy and enable me borrow money in a one or two year's time and then pay back.




How best do I achieve this and which bank supports such plans very well.



Cc emmanuelewumi

LagosNissan:


I am about opening a corporate company account.
The intention is to build a system that will make me credit worthy and enable me borrow money in a one or two year's time and then pay back.




How best do I achieve this and which bank supports such plans very well.



Cc emmanuelewumi

Do you have Investments like Treasury Bills, money market funds, Eurobond funds, shares, FGN bonds etc?

I will recommend Stanbic IBTC Bank

emmanuelewumi:



Do you have Investments like Treasury Bills, money market funds, Eurobond funds, shares, FGN bonds etc?

I will recommend Stanbic IBTC Bank

I have tbills with access and gtb.
But tbills were purchased from personal savings account.

I just read this again, lot of sense in one post.

ultron12345:



1000 cows is even small.

There's a dairy company called Almarai in Saudi Arabia. They milk over 22 litres per day each cow, and they have 94,000 cows. They produce 1 billion litres of milk annually. They process this milk into different products. They have 38,000 staff, do $3.9B in revenue annually, with market cap of $13.1B (that is packaged Fulani herdsmen company = dangote cement x 2, or dangote cement + MTN Nigeria)

They do their dairy farming in the Saudi desert. They imported management from Ireland. Imported all their cows (modified breeds). They even had to put AC (air conditioning) in all the farm sheds for all the cattle to protect them from the harsh desert heat which can sometimes reach as high as 45C. Since they can't grow grass to feed the cattle, they bought land in Argentina and the US, grow the grass there then import them to Saudi Arabia to feed the cattle.

All this struggle and stress yet they are able to produce products that in terms of price are competitive in the international market, hence they also export to other countries. If it's Nigerians, they'll come up with 1000 reasons why it can never work and blame the government. Nigerians will be waiting for Dangote or indians/lebanese/chinese. If Dangote does it finally, they'll say it's monopoly. If it's Lebanese or Indian, theyll say it's money laundering.

Fonterra, a dairy cooperative owned by 10,500 farmers in New Zealand makes $12B in revenues exporting milk and other dairy products. That's 30% of the world's dairy exports, from tiny New Zealand.

Chiquita is doing $3B in revenue growing ordinary bananas in South America and selling in US. Dole does $4.5B doing same along with ordinary water melon and pineapple.

Ecuador, Philippines, Columbia, Costa Rica, Guatemala make $3.3B, $1.9, $1.6B, $1B and $1B annually from exporting ordinary banana. Ivory Coast and Cameroon get $340M and $250M from the same banana. Nigerians will be blaming government. Thank God banana is not an electricity intensive business. I wonder what excuse will be given for this. It's labour intensive and we have cheap labour, cheap land, conducive tropical climate and a weak currency, yet we can't do anything.

All these are the kind of things we need in this country, this is what will grow our economy, not coding another ride-hailing app or biscuit ordering app.

Even if we want to do tech, we should go for IT outsourcing like India, not to be coding apps that our people are too poor to use. Where we can use our massive university educated and cheap labour resources to provide labour intensive IT services to companies in the developed world. Instead of them playing Americans $60,000 per annum, they'll outsource to Nigerian companies at quarter that price. This is what TCS, Infosys, Tech Mahindra, Wipro and many others do in India. These 4 companies employ 450000 (yes, not 4,500, not 45,000 but 450,000. Four hundred and fifty thousand employees), 242000, 125000, and 175000 people respectively and made $23B, $13B, $5B and $9B in revenues respectively. Over 95% of this revenue is "exports", meaning the money came in foreign currency. And they have over 20 of such companies in India, employing in hundreds of thousands. Imagine we had just one in Nigeria. But no, it's only hotel and filling station we can build. Ordinary call center, we could not do. We had to wait for an Indian company disguised as an "African Company" to come and get BPO contracts from our Telecom companies. That Indian company is employing thousands of Nigerians across several locations today. Only in Ibadan, they have over 2000 staff at their call center. All this while Nigerians blamed the government.

As we talk about making policies for ease of business, we should also ask, making these policies for who? Because it seems Nigerians are not ready to do anything apart from blaming the government.

So sorry to digress oo, back to your post.

I don't like the idea of CBN or government owning enterprises. They should just create policies and try to make things easier. In my opinion, the CBN is really trying, one can get low interest loans through the bank of agriculture and bank of industry. CBN is now the one doing the work of ministry of agriculture.

Even if they must own farms, they should have minority stake of 40% maximum, so that the private shareholders make the decisions. Before some stupid Nigerians enter government and kill the farm by using the management positions to reward their incompetent friends and relatives.