USD heading to #600 per dollar.

STNWAUME:
USD heading to #600 per dollar.

How much was it in 1999?

Harvestock01:


How much was it in 1999?

N90:00k

STNWAUME:


N90:00k

Can you guess how much it will be in 2030?

Harvestock01:


Can you guess how much it will be in 2030?

#5000 per USD that's if Nigeria still exist.

STNWAUME:


#5000 per USD that's if Nigeria still exist.

You people can say anything sha

STNWAUME:


#5000 per USD that's if Nigeria still exist.

If Nigeria doesn't exist the breakaway parts will struggle to be at par with the Zimbabwean dollar!

Nezzjnr:



You people can say anything sha

As if 1 USD is not going for thousands of shillings in Uganda and Tanzania. Nigeria is really not as special as we all like to think it is.

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Lion123:


As if 1 USD is not going for thousands of shillings in Uganda and Tanzania. Nigeria is really not as special as we all like to think it is.

Compared to those African Countries, Nigeria had a big boost and still has some boost from Oil and Gas exports . This has created a large pool of educated people and Nigerian Experts, plus a few major businesses (like our Big Banks and Dangote Cement spreading into the rest of Africa) and pockets of funds, savings and investments here and there held by a large pool of people.

Hello,
Who knows about this Fin tech bank called Kuda?I want to open an acct with them based on recommendations.

I also copied this from Nairametrics concerning the bank.

At $500 million valuation, Kuda Bank becomes Nigeria’s 7th most valuable bank

Harvestock01:


If Nigeria doesn't exist the breakaway parts will struggle to be at par with the Zimbabwean dollar!

I think I believe you
The breakaway units will def be worse off.

locodemy:
Hello,
Who knows about this Fin tech bank called Kuda?I want to open an acct with them based on recommendations.

I also copied this from Nairametrics concerning the bank.

At $500 million valuation, Kuda Bank becomes Nigeria’s 7th most valuable bank

It is an online bank with Microfinance license. Used majorly by crypto traders as conduit so they usually have huge daily inflows and outflows. It is also growing astronomically so you can use them depending on the amount and purpose.

locodemy:
Hello,
Who knows about this Fin tech bank called Kuda?I want to open an acct with them based on recommendations.

I also copied this from Nairametrics concerning the bank.

At $500 million valuation, Kuda Bank becomes Nigeria’s 7th most valuable bank

Okay ooooo at $500 million valuation.

What is their revenue? What is their total deposits and assets?

Is it profitable? What is their profit growth in the last 5 years.

locodemy:
Hello,
Who knows about this Fin tech bank called Kuda?I want to open an acct with them based on recommendations.

I also copied this from Nairametrics concerning the bank.

At $500 million valuation, Kuda Bank becomes Nigeria’s 7th most valuable bank

It seems they have a mutual fund baked-in by default hence you get up to 15% interest per annum.

Heishere:


It is an online bank with Microfinance license. Used majorly by crypto traders as conduit so they usually have huge daily inflows and outflows. It is also growing astronomically so you can use them depending on the amount and purpose.

Thank you.Apart from Access and Gtb which have been my banks for over a decade now, I want to open an acct with one of the best fintech banks licenced by CBN.I learnt that kuda is the best for now.Free transfers and 15% interest rates.

Needed some criticisms from the bank but have not heard or seen one.

Kuda bank , I will bank with you.

ositadima1:


It seems they have a mutual fund baked-in by default hence you get up to 15% interest per annum.

I read something about that from their bulletin.
Thank you

emmanuelewumi:



Okay ooooo at $500 million valuation.

What is their revenue? What is their total deposits and assets?

Is it profitable? What is their profit growth in the last 5 years.

I don't think it's necessary until their financials are made public.What matters a lot to me now is to run an acct with them based on recommendations and the type of services they render.

Thank you sir.

ositadima1:


It seems they have a mutual fund baked-in by default hence you get up to 15% interest per annum.

It seems

What is the name of the mutual fund? Who are the trustees and fund manager of the mutual fund? What type of mutual fund, money market, fixed income, equity mutual fund, Eurobond fund, balanced fund etc.? What is the size of the fund under management?

Do you have a copy of their fact sheet? How often are the fact sheets released to SEC, monthly or every quarter

locodemy:


I don't think it's necessary until their financials are made public.What matters a lot to me now is to run an acct with them based on recommendations and the type of services they render.

Thank you sir.

Go ahead if the fund is not substantial, there is a limit to what a microfinance bank can do and value of your fund insured by NDIC

emmanuelewumi:



It seems

What is the name of the mutual fund? Who are the trustees and fund manager of the mutual fund? What type of mutual fund, money market, fixed income, equity mutual fund, Eurobond fund, balanced fund etc.? What is the size of the fund under management?

Do you have a copy of their fact sheet? How often are the fact sheets released to SEC, monthly or every quarter

I assumed wrong, they give 10 to 15% on fixed savings. Not a mutual fund, my bad.

emmanuelewumi:



Go ahead if the fund is not substantial, there is a limit to what a microfinance bank can do and value of your fund insured by NDIC

NDIC also limits to 500k for normal commercial banks.

I use Kuda basically because of their 25 free transactions per month. Also, my deposit with them is insignificant.

CBN has given order to unfreeze Nigeria fintech apps bank account , where are those wailers blaming them for the devaluation of naira and money laundering if you like no go hold your politicians you hear? Continue to to fight fintech, funny enough operations still runs smoothly even with the ban, so it was like fighting air , God bless fintech .

P. S:-this apps store their funds in U. S so Nigeria freezing their account was nothing. You can still deposit and withdraw

We move!! , LFG!!

ositadima1:


I assumed wrong, they give 10 to 15% on fixed savings. Not a mutual fund, my bad.

Okay

The huge offers I saw this morning at market opening @ Transcorp, why are people withdrawing them?
Is the time for it's bull around the corner?

wetin NNFM dey smoke this morning?

STNWAUME:
USD heading to #600 per dollar.

$1 to N562 (Naira) at the moment. CBN and President “Collect loans and Do Nothing” is working. I blames this on those Nigerians hoarding $$$$$ in their domiciliary account

posty56:
CBN has given order to unfreeze Nigeria fintech apps bank account , where are those wailers blaming them for the devaluation of naira and money laundering if you like no go hold your politicians you hear? Continue to to fight fintech, funny enough operations still runs smoothly even with the ban, so it was like fighting air , God bless fintech .

P. S:-this apps store their funds in U. S so Nigeria freezing their account was nothing. You can still deposit and withdraw

Beware of half information.

Account to be temporarily unfreezed for the company to pay their rents and staff salaries

Godisfaithful:



$1 to N562 (Naira) at the moment. CBN and President “Collect loans and Do Nothing” is working. I blames this on those Nigerians hoarding $$$$$ in their domiciliary account

You know victim blaming is hard baked into the contemporary nigerian culture
That's why you hear people blame those who are patronising these fintech guys, instead of blaming the clueless policy makers and their cronies who cause most of the mess in the first place

Emefiele Days as CBN governor are numbered. I see him as the possible scapegoat on this $/naira exchange issue.