₦airaland Forum

emmanuelewumi:
N200 million is not small in Nigeria.

Probably just 1% of Nigerians have a networth of N200 million, although that is debatable

How many small and medium businesses in nigeria have even 10% of that as capital.
Anyone in doubt should go to the streets and verify....am an obidient

emmanuelewumi:
N200 million is not small in Nigeria.

Probably just 1% of Nigerians have a networth of N200 million, although that is debatable

haba....atleast 20 percent.

chidekings:
haba....atleast 20 percent.

Lol where you wan see am

Even those of here not up to 20%

Like me now I no get am

chidekings:
haba....atleast 20 percent.

I have heard you, 20% of Nigerians have a networth of N200 million

chidekings:
haba....atleast 20 percent.

If 20% then Nigerians won't be classified as poor.
Start by checking your friends who has such worth

emmanuelewumi:
Are you serious?

Presco struggled to raise N100 billion corporate bond.

N250 billion no be small money oooo

Make we dey see
Money from obodo oyinbo institutional investors fit land sharp sharp

Streetinvestor2:
If 20% then Nigerians won't be classified as poor.
Start by checking your friends who has such worth

What is our GDP per capital? Probably $1000

emmanuelewumi:
N200 million is not small in Nigeria.

Probably just 1% of Nigerians have a networth of N200 million, although that is debatable

It’s actually ironic that the same devaluation has made that 1% estimate inaccurate. ₦200 million in cash may be rare, but if we’re talking about net worth, then I believe it exceeds that 1% threshold for more people than assumed.

By net worth, I mean the total value of assets — including land, vehicles, buildings (all valued according to current market realities), and then cash.

Let me give a simple example: in my village — I don’t know about yours — a plot of land goes for no less than ₦10 million. In urban areas, it’s likely much higher. The cost of an average building now starts from around ₦40 to ₦50 million — and that’s without factoring in many other details. Do you know the current price of a standard iron door?

An SUV now costs about ₦12 to ₦15 million for a relatively affordable one. Some people own two cars, a house in the village, and another in town.

My point is: ₦200 million sounds like a huge amount, but in today’s reality, it really isn’t. For someone just starting out and aiming to acquire these basic assets, you could easily spend close to that figure.

That said, I do agree — pulling out that amount in cash is still extremely difficult, and only a few people can manage it.

ositadima1:
It’s actually ironic that the same devaluation has made that 1% estimate inaccurate. ₦200 million in cash may be rare, but if we’re talking about net worth, then I believe it exceeds that 1% threshold for more people than assumed.

By net worth, I mean the total value of assets — including land, vehicles, buildings (all valued according to current market realities), and then cash.

Let me give a simple example: in my village — I don’t know about yours — a plot of land goes for no less than ₦10 million. In urban areas, it’s likely much higher. The cost of an average building now starts from around ₦40 to ₦50 million — and that’s without factoring in many other details. Do you know the current price of a standard iron door?

An SUV now costs about ₦12 to ₦15 million for a relatively affordable one. Some people own two cars, a house in the village, and another in town.

My point is: ₦200 million sounds like a huge amount, but in today’s reality, it really isn’t. For someone just starting out and aiming to acquire these basic assets, you could easily spend close to that figure.

That said, I do agree — pulling out that amount in cash is still extremely difficult, and only a few people can manage it.

No statistics quoted. You might want to check for figures from F.O.S or any other agency

Agbalowomeri:
Lol where you wan see am

Even those of here not up to 20%

Like me now I no get am

Me I follow raise hand up.Then again we thank God we can afford food and pay bills when needed.

@Agba you mean you no follow for the audio billionaires way get shop for this our ngx and abroad. I no agree oh.I go send amadioha make you take swear for us to believe

Streetinvestor2:
Me I follow raise hand up.Then again we thank God we can afford food and pay bills when needed.

@Agba you mean you no follow for the audio billionaires way get shop for this our ngx and abroad. I no agree oh.I go send amadioha make you take swear for us to believe

You know say I dey go church so I no fit swear

chidekings:
haba....atleast 20 percent.

This is a type of comment that makes people to ask you the question " how old are you"?

I just hope kids are not migrating to this section of Nairaland

Streetinvestor2:
Because it is a stock listed on ngx.And a public company not private business..

Ok sir

ppogba:
This is a type of comment that makes people to ask you the question " how old are you"?

I just hope kids are not migrating to this section of Nairaland

This is too brutal, be kind to him ,haba

Zegra:
This is too brutal, be kind to him ,haba

You want Tinubu to use that data for campaign?😂😂😂

ppogba:
This is a type of comment that makes people to ask you the question " how old are you"?

I just hope kids are not migrating to this section of Nairaland

Mr Savage...

Princkez:
please sir ,why are you bothered about ELLAHLAKES since you don't have a single unit...just asking sir

Because this is what this tread is made for. Everyone shares his or her perspectives on any stock to assist members make a decision either to buy or sell. Hope you understand?

Streetinvestor2:
Because it is a stock listed on ngx.And a public company not private business..

This street man no dey tire. He is a kinda of guy i will not like to fight, because for him mind fight no dey finish

chinonsobest:
Because this is what this tread is made for. Everyone shares his or her perspectives on any stock to assist members make a decision either to buy or sell. Hope you understand?

yes sir

ositadima1:
It’s actually ironic that the same devaluation has made that 1% estimate inaccurate. ₦200 million in cash may be rare, but if we’re talking about net worth, then I believe it exceeds that 1% threshold for more people than assumed.

By net worth, I mean the total value of assets — including land, vehicles, buildings (all valued according to current market realities), and then cash.

Let me give a simple example: in my village — I don’t know about yours — a plot of land goes for no less than ₦10 million. In urban areas, it’s likely much higher. The cost of an average building now starts from around ₦40 to ₦50 million — and that’s without factoring in many other details. Do you know the current price of a standard iron door?

An SUV now costs about ₦12 to ₦15 million for a relatively affordable one. Some people own two cars, a house in the village, and another in town.

My point is: ₦200 million sounds like a huge amount, but in today’s reality, it really isn’t. For someone just starting out and aiming to acquire these basic assets, you could easily spend close to that figure.

That said, I do agree — pulling out that amount in cash is still extremely difficult, and only a few people can manage it.

The generally acceptable assets that are relevant in computing net worth are very liquid assets like stocks, bonds, cash, etc and not fixed assets.

Zegra:
This is too brutal, be kind to him ,haba

I am never interested in being unnecessarily brutal. But I will expect anyone with a phone and data to know 20 percent of over 200 million people.

SEC might need to review their definition of a High Networth Investor to about N500 million, from N100 million


Note, SEC does not recognize the value of your car,house, furniture and other personal belongings.

emmanuelewumi:
SEC might need to review their definition of a High Networth Investor to about N500 million, from N100 million


Note, SEC does not recognize the value of your car,house, furniture and other personal belongings.

opadiya:
The generally acceptable assets that are relevant in computing net worth are very liquid assets like stocks, bonds, cash, etc and not fixed assets.

I beg to differ. I try to avoid lengthy arguments these days, but I can't just accept misinformation.

Even listed companies on the NGX — when you look at their balance sheets — report assets as everything they own that contributes to generating value, not just cash and cash equivalents.

Even Forbes, when assessing individual wealth, includes mansions and cars along with stocks and cash. So I don’t understand why your definition is different.

Do we need to consult the Oxford Advanced Learner’s Dictionary?

I wonder what is happening to Consolidated Hallmark Holdings (CONHALLPLC). It has been dancing on the spot since April.. and not showing any sign of coming up while other insurance stocks were running this past week.

Any idea why? Thanks all.

emmanuelewumi:
SEC might need to review their definition of a High Networth Investor to about N500 million, from N100 million


Note, SEC does not recognize the value of your car,house, furniture and other personal belongings.

I feel 500 Million Naira is even small. By international standard, high net worth individuals are those with liquid assets of minimum of One Million Dollar and above.

opadiya:
I feel 500 Million Naira is even small. By international standard, high net worth individuals are those with liquid assets of minimum of One Million Dollar and above.

What standards, my friend? Please name them — I’d like to check for myself.

opadiya:
The generally acceptable assets that are relevant in computing net worth are very liquid assets like stocks, bonds, cash, etc and not fixed assets.

I think both liquid and non-liquid (fixed) assets are generally considered when calculating net worth. Maybe it has changed.

IamR:
I think both liquid and non-liquid (fixed) assets are generally considered when calculating net worth. Maybe it has changed.

It's Liquid assets only.

IamR:
I think both liquid and non-liquid (fixed) assets are generally considered when calculating net worth. Maybe it has changed.

I think this link can be of help https://corporatefinanceinstitute.com/resources/wealth-management/high-net-worth-individual-hnwi/.

And the SEC Rules attached by Oga Emma in his last post is clear and unambiguous too. It can also be a useful guide.

It is commonsensical to define networth as amalgam of all form of assets. But the conceptual meaning is the challenge here.

ositadima1:
I beg to differ. I try to avoid lengthy arguments these days, but I can't just accept misinformation.

Even listed companies on the NGX — when you look at their balance sheets — report assets as everything they own that contributes to generating value, not just cash and cash equivalents.

Even Forbes, when assessing individual wealth, includes mansions and cars along with stocks and cash. So I don’t understand why your definition is different.

Do we need to consult the Oxford Advanced Learner’s Dictionary?

This man can argue for Africa. As soon as I saw that cut out report from SEC posted, I knew you will also know more than SEC.

Always on the opposite side. If they have initially taking your ideas as the terms to define a high net worth, you will still argue it to the opposite direction.

Why do I have this feeling that you could be arguing with yourself as well.

You will always argue without evidence. And when others bring out evidence, you argue with evidence

You sure say u go even agree with OXFORD so?

Men you are just too much. You are one of a kind

gabscity:
It's Liquid assets only.

Oh, ok. Thanks

opadiya:
I think this link can be of help https://corporatefinanceinstitute.com/resources/wealth-management/high-net-worth-individual-hnwi/.

And the SEC Rules attached by Oga Emma in his last post is clear and unambiguous too. It can also be a useful guide.

It is commonsensical to define networth as amalgam of all form of assets. But the conceptual meaning is the challenge here.

Thank you.