Itsrm:


Unfortunately, their hands are tied. Without this, dollar may have gotten to N2,000 naira now.

But is it sustainable? I dont trust naija govt o. Tomorrow now govt will say they will use Bonds and pay salary. Or pay back foreign loans. Like Fashola suggested they borrow from Pension Funds to repair roads

Conner44:


I see 🤔 , you made soo much money that just a week later you went to hound innocent Djdamian for a vehicle on rentals which you totally destroyed within the space of a month, dropped and ran away

No need to prove anything bro. 😌 enjoy your week

Na you put "so much" yourself. I didn't drop the car and run away, it was towed to his house because the car had damaged beyond repair and yes after running away, I went back to his house after few weeks to carry my battery. Are you satisfied now?

tojahh:


Dash me 1k.make I use chop sir. I never chop since 2 days

I have never claimed to be a rich man here. Information is power. We were on the same thread that day, he was looking at mockery, I was looking at money, I made few bucks from the info. He's the one that claimed I made lots of money so you should ask him to give you out of the so much money.

BAZ001:


You didn’t add Fiverr account and Lagos state job websites. So una no believe donbrowser all this while

Hmmm

Lol...
Las las Don go come meet u for Congo, make una settle this fight

Conner44:


This man

Don na my Man... Him go show me love no doubt.

Pearl1910:


But is it sustainable? I dont trust naija govt o. Tomorrow now govt will say they will use Bonds and pay salary. Or pay back foreign loans. Like Fashola suggested they borrow from Pension Funds to repair roads

Lol, they will rather "print" money to pay back than default. These things affect Nigerias credit rating.

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Hello all

Please I'm presently experiencing low requests on indrive and some times when requests come they are long distance pick ups.

Anyone experiencing this

Itsrm:


This is the current rate for three year savings bond.

Your 50m with interests reinvested and compounded will give you 91m+ after three years.

And it is "risk free".

looks impressive until you realise MPR is 24.75% while inflation was 33% in April.

Real rate of return is significantly negative and may never be positive till the maturity of those bonds. Nigeria has had inflation above 18% since mid 2022 and it has progressively risen since then.

If you invested in those bonds with the mindset of buying an asset in Nigeria, based on the inflation data , you are likely to be out of pocket when the bonds mature two- three years later.

The high rate could tickle foreign investors though, as inflation in Nigeria does not affect them. For them the main fear is the FX rate which this administration has not demonstrated an ability to manage.

Resurgent2016:


looks impressive until you realise MPR is 24.75% while inflation was 33% in April.

Real rate of return is significantly negative and may never be positive till the maturity of those bonds. Nigeria has had inflation above 18% since mid 2022 and it has progressively risen since then.

If you invested in those bonds with the mindset of buying an asset in Nigeria, based on the inflation data , you are likely to be out of pocket when the bonds mature two- three years later.

The high rate could tickle foreign investors though, as inflation in Nigeria does not affect them. For them the main fear is the FX rate which this administration has not demonstrated an ability to manage.

Good points.

The ROR over the course of 3 years is an average of 24% which is truly less than the rate of inflation as you have noted. However, there is hardly any passive investment that guarantees you a return above inflation especially in the short term.

What we can do is try our best to invest in assets with returns not too far from inflation rate. My current investment portfolio is a mixture of Tbills, eurobonds and cryptocurrency so I'm staying as close to inflation as possible.

I'm also hoping the DMO come up with those 15-25 year bonds at current rates so I can lock in. Over the course of 25 years, my ROR is guaranteed to beat inflation

Pearl1910:


I dey baba...I travelled. Took a break. Am back online.

You go Maldives for vacation shey

Itsrm:


This is the current rate for three year savings bond.

Your 50m with interests reinvested and compounded will give you 91m+ after three years.

And it is "risk free".

This is interesting Buhari made it unattractive didn’t know it has picked up again.
17% is not bad

Thanks for the update

Only be say we no know how much naira go depreciate in 2yrs time with the way it’s falling per second per second.

Itsrm:


Good points.

The ROR over the course of 3 years is an average of 24% which is truly less than the rate of inflation as you have noted. However, there is hardly any passive investment that guarantees you a return above inflation especially in the short term.

What we can do is try our best to invest in assets with returns not too far from inflation rate. My current investment portfolio is a mixture of Tbills, eurobonds and cryptocurrency so I'm staying as close to inflation as possible.

I'm also hoping the DMO come up with those 15-25 year bonds at current rates so I can lock in. Over the course of 25 years, my ROR is guaranteed to beat inflation

Did you just say 25years
I will rather buy lands and keep it for 25 years than Govt bond.
With this Agbado president and APC Padi Padi govt? I can never predict what happen in 8yrs.
See how many foreign companies are leaving Nigeria ?
Who would have ever imagined dollar will get to #1,600 in few months ?

Are you for real or you dey play

BAZ001:


Did you just say 25years
I will rather buy lands and keep it for 25 years than Govt bond.
With this Agbado president and APC Padi Padi govt? I can never predict what happen in 8yrs.
See how many foreign companies are leaving Nigeria ?
Who would have ever imagined dollar will get to #1,600 in few months ?

Are you for real or you dey play

The ROR over 25 years is 14,000%+. That's an average of 560% pa. It's too juicy to ignore. I'll take my chances.

Itsrm:


Lol, they will rather "print" money to pay back than default. These things affect Nigerias credit rating.

Well...In 3yrs I hope d value of your money plus d interest will not be less than the capital as at today cos I recall u were discouraging us from buying dollars because ur point was inflation has eroded the 50% profit in less than 6months. So how are u sure in 3yrs inflation will also not also rise above 80%?

Itsrm:


The ROR over 25 years is 14,000%+. That's an average of 560% pa. It's too juicy to ignore. I'll take my chances.

damn I will too a beg quote me whenever such spring up

Itsrm:


Good points.

The ROR over the course of 3 years is an average of 24% which is truly less than the rate of inflation as you have noted. However, there is hardly any passive investment that guarantees you a return above inflation especially in the short term.

What we can do is try our best to invest in assets with returns not too far from inflation rate. My current investment portfolio is a mixture of Tbills, eurobonds and cryptocurrency so I'm staying as close to inflation as possible.

I'm also hoping the DMO come up with those 15-25 year bonds at current rates so I can lock in. Over the course of 25 years, my ROR is guaranteed to beat inflation

It is a good buy for someone who is risk-averse. And as you have mentioned , the uncertainty in the economy, there are not many investments that can give you that return without sizeable risk in the current nigeria.

However, you are unlikely to have a windfall at the end of the tenure of those bonds when you take the money into the market to buy things and you see how much prices have changed in 2-3 years

Resurgent2016:


It is a good buy for someone who is risk-averse. And as you have mentioned , the uncertainty in the economy, there are not many investments that can give you that return without sizeable risk in the current nigeria.

However, you are unlikely to have a windfall at the end of the tenure of those bonds when you take the money into the market to buy things and you see how much prices have changed in 2-3 years

Imagine dollar to naira as at Friday was 1300, it’s 1,428 today and it’s been going upward since last week yet federal govt has been running after bureau de change… since April. Like they figured it out.
Maybe fuel will be selling at #2,500 next year who knows

Itsrm:


The ROR over 25 years is 14,000%+. That's an average of 560% pa. It's too juicy to ignore. I'll take my chances.

No government will give you 18% pa bond for 25 years. You need to adjust your forecast


At the end of 2-3 years, the new subscription will have new rates that reflect what the government thinks will be the prevailing rates for the next 3 years.

The current rates are set high to be able to compete for funds in the current high-inflation economy

Omoapena:


You go Maldives for vacation shey

People wey be say na only when their car spoil dem dey rest, ask bazoo1.
By force holidays, no be pearl sha

Pearl1910:


Well...In 3yrs I hope d value of your money plus d interest will not be less than the capital as at today cos I recall u were discouraging us from buying dollars because ur point was inflation has eroded the 50% profit in less than 6months. So how are u sure in 3yrs inflation will also not also rise above 80%?

3 years far sef

Pearl1910:


Well...In 3yrs I hope d value of your money plus d interest will not be less than the capital as at today cos I recall u were discouraging us from buying dollars because ur point was inflation has eroded the 50% profit in less than 6months. So how are u sure in 3yrs inflation will also not also rise above 80%?

Nooo, I never discouraged anyone from buying dollar. On the contrary, I have always encouraged people to buy. I was only asking the general who was talking about profit to discount for inflation.

The average ROR on that 3 year bond is 24%. It's one of the best anyone is going to get as far as "risk free" investing goes.

Resurgent2016:


No government will give you 18% pa bond for 25 years. You need to adjust your forecast


At the end of 2-3 years, the new subscription will have new rates that reflect what the government thinks will be the prevailing rates for the next 3 years.

The current rates are set high to be able to compete for funds in the current high-inflation economy

Don't be too sure. CBN is desperate. If anyone had told me in 2020 when CBN was giving yield of 5% in Tbills that we will get 26% in 2024, I would have laughed it off.

I remember how the low rates witnessed that period pushed me into real estate. A decision I now regret.

I'm now fully anti real estate.

Kaymaxi2222:
damn I will too a beg quote me whenever such spring up

No wahala bro.

Itsrm:


Don't be too sure. CBN is desperate. If anyone had told me in 2020 when CBN was giving yield of 5% in Tbills that we will get 26% in 2024, I would have laughed it off.

I remember how the low rates witnessed that period pushed me into real estate. A decision I now regret.

I'm now fully anti real estate.

The bolded is very true. Over priced plots of land in Lagos. Infact,they are already selling the future value as current prices.. anyone with dollars should totally avoid buying land. That dollar won't appreciate if you do your conversions.

There's one selling land at the outskirts of Ibadan. That place won't develop in the next 10 years.. what's the point. ? Unless you are buying for your children still in primary school.

northbird:


The bolded is very true. Over priced plots of land in Lagos. Infact,they are already selling the future value as current prices.. anyone with dollars should totally avoid buying land. That dollar won't appreciate if you do your conversions.

There's one selling land at the outskirts of Ibadan. That place won't develop in the next 10 years.. what's the point. ? Unless you are buying for your children still in primary school.

Lol, you can buy a land, hold for 10 years and people will be pricing it lower than you bought it.

I even heard (I'm not sure) that lands in banana Island sell far lower than it was selling couple of years ago.

Itsrm:


Lol, you can buy a land, hold for 10 years and people will be pricing it lower than you bought it.

I even heard (I'm not sure) that lands in banana Island sell far lower than it was selling couple of years ago.

Bro.. all those so called real estate guys ... they are overhyped.
Selling 25 million/plot in a dead zone. Most of the land are been sold @ future value prices..
Buying land @ Epe.. what if the child is not even interested in anything Epe when he/she grows up.

northbird:


Bro.. all those so called real estate guys ... they are overhyped.
Selling 25 million/plot in a dead zone. Most of the land are been sold @ future value prices..
Buying land @ Epe.. what if the child is nor even interested in anything Epe when he/she grows up.

Itsrm:



I remember how the low rates witnessed that period pushed me into real estate. A decision I now regret.

I'm now fully anti real estate.

Itsrm:


Lol, you can buy a land, hold for 10 years and people will be pricing it lower than you bought it.

I even heard (I'm not sure) that lands in banana Island sell far lower than it was selling couple of years ago.

Never underestimate land investment. As far as investments go u have to be wise in determining what u are buying, where u r buying it and at the right price. Doesn't mean u will buy at any amount thrown at you.
I remember my dad saying he cant buy land in Gemade estate thats inside Gowon Estate in the 90's even though it was a give away price of less than 200k his reason was that it was too far from civilization and the place was close to a canal and a dumpsite at the time. Today, there is no more land in Gemade estate, anybody that wants to sell property there will start from 100m. There are still lands in Epe for less than 1m today why will u go and buy the one of 10m? So if u buy well, u will definitely have good returns on land. Thats for sure, its not even up for debate.

Pearl1910:







Never underestimate land investment. As far as investments go u have to be wise in determining what u are buying, where u r buying it and at the right price. Doesn't mean u will buy at any amount thrown at you.
I remember my dad saying he cant buy land in Gemade estate thats inside Gowon Estate in the 90's even though it was a give away price of less than 200k his reason was that it was too far from civilization and the place was close to a canal and a dumpsite at the time. Today, there is no more land in Gemade estate, anybody that wants to sell property there will start from 100m. There are still lands in Epe for less than 1m today why will u go and buy the one of 10m? So if u buy well, u will definitely have good returns on land. Thats for sure, its not even up for debate.

200k is not giveaway in the 90s. Even 150k is not giveaway..Nissan stanza Tokunbo was 86-90k in the early 90s.
My focus was on those with forex planning to invest. They won't get same value for their forex.

Where you wan see 1m land for Epe?

reminder!!!
Always confirm destination area to your rider before driving off the pick-up point. 👂
Picked a rider from Charlie Boy, Gbagada, going to VI @N4,900, 26 mins drive.
Just to leave that spot, I drove not up to 100m and confirmed to her that this destination is in VI... Omoh, she said no oooh. That it's Ilupeju she's going. Omoh, inside my mind, I was like WTF! This is my first trip nah.
And she was so specific with the address street name in VI ooh.
She suggested canceling and re-order, I told her if we cancel or not, indrive already removed their commission from my account the very moment I 'picked' her order and she accepted.
She asked how much, told her they removed 850 for that trip already, she then re-order and it showed 1.7k on the app. Omoh, I vex say which kind mumu thing be this on my 1st trip.
I just take am like that and took her to Ilupeju and she paid 2.6k. I just accepted my fate like that.

Much respect, bosses.

northbird:


200k is not giveaway in the 90s. Even 150k is not giveaway..Nissan stanza Tokunbo was 86-90k in the early 90s.
My focus was on those with forex planning to invest. They won't get same value for their forex.

Where you wan see 1m land for Epe?

What are u saying. Entry level bankers recieved about 80k in 1998. Graduate trainees in oil coys such as mobil and Shell were paying about 350k that time. Civil servants recieved about 50-60k grade level 8. So 180k for a full plot inside Gowon Estate was giveaway. That time land in ayobo was around 100k-120k
U guys just argue for the sake of it, without having the right information. Indomie generation will be arguing with agbalagba.
As for if there is still land for less than 1m in Epe, u r still displaying ignorance for something that is happening in ur adult life time. If u have 1m and u want a land in epe reach out to me.