₦airaland Forum

If you ask me, this is not bad, that's about #355/km. and by that time, you're driving against traffic. By the time you get to ikoyi, you'll definitely see better surge trip back because it's the rush hour.

Yes, acceptance rate matter, but not as dangerous on Uber as it is on bolt.
100% ignore trips you're not comfortable with.

Azertise:
Good evening bosses, I greet una. About uber, do they show the price net like bolt or it's before commission? And is acceptance rate important?
Like the ride below should I have taken it if my car burns N100/km for fuel?

Pearl1910:
A billion Naira can't give u 400m returns in money market o. Ha!!! Money market that is 4% - 6% per annum

Axa Mansard is currently at 15%... Dropped from 21% when I opened the account last year

For a while now, rates have been in the double digits:
Treasury bill rate for 91 days is 15.8% pa
Mutual funds up to 20% pa
Fixed deposits and savings, I have seen 16% for 90 days
Commercial paper up to 30%

With 1 billion naira you will get higher rates for fixed deposits, savings and mutual funds.

With the current rates, if I buy treasury bill at 15.8% pa for 91 days, I will get about 35.5 million naira upfront (after 10% withholding tax). Come April 2026, I will have my 1 billion naira back to reinvest. If I do this every 91 days, at similar interest rates, I would make about 142.5 million naira as ROI in 12 months.

Pearl1910:
A billion Naira can't give u 400m returns in money market o. Ha!!! Money market that is 4% - 6% per annum

XGhost:
Axa Mansard is currently at 15%... Dropped from 21% when I opened the account last year

jahbenedict:
For a while now, rates have been in the double digits:
Treasury bill rate for 91 days is 15.8% pa
Mutual funds up to 20% pa
Fixed deposits and savings, I have seen 16% for 90 days
Commercial paper up to 30%

With 1 billion naira you will get higher rates for fixed deposits, savings and mutual funds.

With the current rates, if I buy treasury bill at 15.8% pa for 91 days, I will get about 35.5 million naira upfront (after 10% withholding tax). Come April 2026, I will have my 1 billion naira back to reinvest. If I do this every 91 days, at similar interest rates, I would make about 142.5 million naira as ROI in 12 months.

Even at 25% u can't get 400m on 1billion investment.

Pearl1910:
A billion Naira can't give u 400m returns in money market o. Ha!!! Money market that is 4% - 6% per annum

You are wrong on the percentage .The Interest fluctuate between 15 to 17 percent per annum.

ksmart027:
You are wrong. The price is fluctuating between 15 to 17 percent per annum.

Can u even calculate?
I said even if it's 25% (which it's not) u can't get 400m with 1billion investment. And u are saying I am wrong.

Pearl1910:
Can u even calculate?
I said even if it's 25% (which it's not) u can't get 400m with 1billion investment. And u are saying I am wrong.

I have modified my post. I'm just concerned about the interest rate you mentioned. That's what I'm pointing out.

jahbenedict:
For a while now, rates have been in the double digits:
Treasury bill rate for 91 days is 15.8% pa
Mutual funds up to 20% pa
Fixed deposits and savings, I have seen 16% for 90 days
Commercial paper up to 30%

With 1 billion naira you will get higher rates for fixed deposits, savings and mutual funds.


With the current rates, if I buy treasury bill at 15.8% pa for 91 days, I will get about 35.5 million naira upfront (after 10% withholding tax). Come April 2026, I will have my 1 billion naira back to reinvest. If I do this every 91 days, at similar interest rates, I would make about 142.5 million naira as ROI in 12 months.

Most billionaire dont think this way bro. Yes dey play in d money market but that profit interest u r calling is not what will sustain his billions

ksmart027:
I have modified my post. I'm just concerned about the interest rate you mentioned. That's what I'm pointing out.

Oh okay,

jahbenedict:
For a while now, rates have been in the double digits:
Treasury bill rate for 91 days is 15.8% pa
Mutual funds up to 20% pa
Fixed deposits and savings, I have seen 16% for 90 days
Commercial paper up to 30%

With 1 billion naira you will get higher rates for fixed deposits, savings and mutual funds.

With the current rates, if I buy treasury bill at 15.8% pa for 91 days, I will get about 35.5 million naira upfront (after 10% withholding tax). Come April 2026, I will have my 1 billion naira back to reinvest. If I do this every 91 days, at similar interest rates, I would make about 142.5 million naira as ROI in 12 months.

Story story

lexylexy:
Oga, I'll rather make less on free road than more in traffic. Everything is not about money. Same you that prefer to live paycheck to paycheck abroad but prefer to work inside traffic to make more money. Make it make sense bro!

Let me apply some common sense 4u b4 i proceed... You know there's a difference between traffic and gridlock abi? Ok

Oga, there's fair wage and there's ridiculous wage.. I don't know which app you guys are using or you're just used to mediocrity... Vi to sangotedo 6500, or ikeja to happyland sangotedo 10k is what you'll prefer over a wee bit of traffic? That's such a dunce thing to say don't you think? You might as well give free rides no? Flying about like flies to collect change, how dem wan rate una? Lol, happy flying... Tell me any major city in the world without traffic, smartypants, what's the correlation between wanting to live in a working and proper functioning state(even if it's paycheck) to preferring traffic for better wage? Is Lack of intelligence really a national crisis as research is purporting? I'm beginning to believe it so, cus what is this?

Jeoman:
the correlation is about your way of thinking. That’s the main point, but you’re too slow to see that.

*sighs joeman, smh
I think ur brain works in zigzag hence why you managed to connect imaginary dots... Bravo, but once again, you can't force a horse to drink, i can't make you experience what you're alien to, and what ure alien to will always bewilder you... until of course, there's an experiencial revelation.... Which i hope you get someday.... Until then, trading words with you lot is is like throwing stones at bricks. When it's time to discuss low iq stuff, I'll beep you up.

Pearl1910:
Did court ban VIO from being on the road in Lagos?

I thought they did some months ago

Very true. You need upwards of 40% pa to get that figure. Which is very rare in the money market.
However, I have seen some commercial papers that pay 40% pa.
This one in the screenshot was for 33% pa for 180 days (6months), it matures next month. Very savvy investors usually negotiate and bargin for higher rates and better terms especially if they are very liquid, and have good credit rating.

Pearl1910:
Even at 25% u can't get 400m on 1billion investment.

Vela01:
If you ask me, this is not bad, that's about #355/km. and by that time, you're driving against traffic. By the time you get to ikoyi, you'll definitely see better surge trip back because it's the rush hour.

Yes, acceptance rate matter, but not as dangerous on Uber as it is on bolt.
100% ignore trips you're not comfortable with.

Thank you Chief, I'd keep this in mind for next time. Though that 9k is it my money? Or I will still pay Uber commission from inside?

Azertise:
Good evening bosses, I greet una. About uber, do they show the price net like bolt or it's before commission? And is acceptance rate important?
Like the ride below should I have taken it if my car burns N100/km for fuel?

Yes, Uber shows net price, they've already removed their commission. The 9kplus is your money
Acceptance rate is not so important. Just avoid cancelling and ignore trips you don't like to do.

As for your last question, you can do the math. I'll surely take the trip without thinking twice

Azertise:
Thank you Chief, I'd keep this in mind for next time. Though that 9k is it my money? Or I will still pay Uber commission from inside?

The 9k+ is your net (your money).


Much respect, boss.

Vela01:
You dey always say 9ja is this and that, shit hole here and there, but same you want them to close coastal road for your selfish interest so you can make more money. You see there's no difference btwn you and the ones you're abusing, it means if you have the chance to be in government, you'll deliberately put people into hardship as long as it favors you.

Like I said, na Molue you supposed dey drive or make you dey oshodi dey cut ticket.

Everything isn't about money, you don't even think of having soft life while making you money.
People like us, wey love soft life and are not selfish love it the way it is.
Enjoyable rides while still making the cash.
I took a ride this morning from Airport to Agungi, oh, how I love the ride, engaged in beautiful conversation with the couple riders, smooth drive, and cool cash, an agbero like you can't relate because riders go just keep mute once you don open Molue mouth😃🤣😂

Kundus for you👐

I'll prefix with the same mini education I gave ur fellow dullard up there, there's a difference between traffic and gridlock... I didn't say gridlock, i shouldn't be trading words with you... Ure causing me to lose valuable brain matter.. I'm disappointed in me. Now to address u

If you prefer no traffic, chairman, move to ibadan or owerri.. And you dare not renegotiate price like their drivers do, you hypocritical bunch.

Morality police i hear ya, you're the most repugnant clown of all, forgive me selfishness, i got a car to service and keep in prestine order, last time I checked it costs good money!! Na to dey run errands like boy boy 3500 2800 na him dey sweet u... 'cool cash' werey... Compare the prices of uber in joborg and cape town, dubai to lagos, even worse abuja, you'd see how these companies are literally working y'all like slaves, why government no give them minimum threshold to work with.? and I'm what? Supposed to bear the blunt of it? morality police, why don't you tell indrive to increase their fare, that way my witty self will wish no traffic at all... no be only fuel dey chop person money na, lowest car part na 15k unless you ride and like to keep ur car like shit, it'll cost you good money to keep it in order, my guy wey dey use 2013 camry, fares don't make it worth driving with such a car, and ur yeye self is on here, telling me about selfishness? U must be outta ur damn wits.... What's the 'cool cash' ure yapping on about eh , how much was it.? It better be like the one i took to ikeja yesterday for 60k 1hr on the road 2hr parked... 3hrs movement, yes i charged and he paid, they always pay, cus I look and smell the part, I'm not ur regular lil bro.. I'm not used to mediocre prices mate, forgive me... Prices so horrible yesterday, today I no even bother hustle... 'i can't relate becus ur riders go just keep mute' lol you no get respect walahi, nairaland don make you see me finish abi😅😅 you condescending belligerent clown ! Well i don't like to bicker like you, na mostly women dey like talk to me, can't blame them tho, i look hella good 😏.. Anyway i pray for Costal road closure for better prices for those who know their worth.. all man for himself in Nigeria, if others have to suffer traffic for me to be okay, oh then brother, so be it. With my full chest oh, you can go hug a step down.... Go meet tinubu, na him hold you back, no be me. I keep editing cus ebe like say nairaland really like you 😅

Na this tin wey i tok dey scratch una brain.. Lol you clown, when i live outside Nigeria, i don't chase money, most people in the nordic countries live the same way, i don't run the rat race, i live a laid back life... Contrary to here, Everybody living in nigeria is forced to hustle like a goat, una women sef no go gree date una if u no guide, how do you compare the 2 situations? Like i said, you suffer a great deal of cognitive dissonance... Or rather impairment in this case.

Gentlelife50:
Story story

Lol, no be story story oo. Rates are good currently, if you are liquid, do your due diligence and you will find relatively safe instruments to invest in with decent returns. Treasury bills and mutal funds are a good example.

Kumuyiii:
Let me apply some common sense 4u b4 i proceed... You know there's a difference between traffic and gridlock abi? Ok

Oga, there's fair wage and there's ridiculous wage.. I don't know which app you guys are using or you're just used to mediocrity... Vi to sangotedo 6500, or ikeja to happyland sangotedo 10k is what you'll prefer over a wee bit of traffic? That's such a dunce thing to say don't you think? You might as well give free rides no? Flying about like flies to collect change, how dem wan rate una? Lol, happy flying... Tell me any major city in the world without traffic, smartypants, what's the correlation between wanting to live in a working and proper functioning state(even if it's paycheck) to preferring traffic for better wage? Is Lack of intelligence really a national crisis as research is purporting? I'm beginning to believe it so, cus what is this?

Bro, I won't argue with you on this. You have your opinion, I have mine. But please, don't say they should close the coastal road just because you want to make more money for yourself. Think of those that stay along that axis and what they go through everyday commuting to and from work. The coastal road is a huge relief for everyone.

And for your information, I use mainly Uber, I don't deal with such ridiculous fares you highlighted up there

Glithronix:
The 9k+ is your net (your money).


Much respect, boss.

Thanks boss

lexylexy:
Yes, Uber shows net price, they've already removed their commission. The 9kplus is your money
Acceptance rate is not so important. Just avoid cancelling and ignore trips you don't like to do.

As for your last question, you can do the math. I'll surely take the trip without thinking twice

That's actually great, I'm just glad I can combine platforms now. I even saw a 16k trip on Uber from Maryland to lekki, I didn't take it because I feared it was inside inside Lekki, Sangotedo area. Because that's what I see on bolt, it was latter I realised it was Ikate.
And yeah, I would have taken that ride now that I now it's the net price.

lexylexy:
Bro, I won't argue with you on this. You have your opinion, I have mine. But please, don't say they should close the coastal road just because you want to make more money for yourself. Think of those that stay along that axis and what they go through everyday commuting to and from work. The coastal road is a huge relief for everyone.

And for your information, I use mainly Uber, I don't deal with such ridiculous fares you highlighted up there

You mean the stated amount.? How much is the take home.? Indrive increased their take to 12 with tax, have you checked the new uber take or ure busy being carried away by the received amount? You mean 18k to the airport from Abraham Adesanya is not ridiculous? Lol indeed it's pointless to argue... And from that 18k they'll take close to 4k if not more...no wonder, this is 'cool cash' the buffoon vela was probably talking about too, no traffic my foot... Lol enjoy oh

Kumuyiii:
You mean the stated amount.? How much is the take home.? Indrive increased their take to 12 with tax, have you checked the new uber take or ure busy being carried away by the received amount? You mean 18k to the airport from Abraham Adesanya is not ridiculous? Lol indeed it's pointless to argue... And from that 18k they'll take close to 4k if not more...no wonder, this is 'cool cash' the buffoon vela was probably talking about too, no traffic my foot... Lol enjoy oh

Okay. So the solution is to close the coastal road so there can be traffic and money will increase. I get you baba. No wahala.

jahbenedict:
Lol, no be story story oo. Rates are good currently, if you are liquid, do your due diligence and you will find relatively safe instruments to invest in with decent returns. Treasury bills and mutal funds are a good example.

Okay ooo

Azertise:
That's actually great, I'm just glad I can combine platforms now. I even saw a 16k trip on Uber from Maryland to lekki, I didn't take it because I feared it was inside inside Lekki, Sangotedo area. Because that's what I see on bolt, it was latter I realised it was Ikate.
And yeah, I would have taken that ride now that I now it's the net price.

It can't be ikate, unless it was on high surge.
They also bracket those ibeju areas as lekki.

jahbenedict:
Very true. You need upwards of 40% pa to get that figure. Which is very rare in the money market.
However, I have seen some commercial papers that pay 40% pa.
This one in the screenshot was for 33% pa for 180 days (6months), it matures next month. Very savvy investors usually negotiate and bargin for higher rates and better terms especially if they are very liquid, and have good credit rating.

Abeg which platform is this.
However, I understand Pearl's point though. These things are low risk low interest gigs and will only yield significant returns if your investment is long term and compounding. Besides that, na low risk low reward. Or your principal is really huge, like 1 billion.

jahbenedict:
Very true. You need upwards of 40% pa to get that figure. Which is very rare in the money market.
However, I have seen some commercial papers that pay 40% pa.
This one in the screenshot was for 33% pa for 180 days (6months), it matures next month. Very savvy investors usually negotiate and bargin for higher rates and better terms especially if they are very liquid, and have good credit rating.

Which platform is this?

Kindly share

lexylexy:
Okay. So the solution is to close the coastal road so there can be traffic and money will increase. I get you baba. No wahala.

I'm sure you've heard the statement 'necessary evil'.... Eno sweet, but it is needed for the sustained progress.. Today as I'm talking to you 3 days now, I'll rather my car rest than put miles on it for change. January last year with coastal road closed, i know how much i made, as road free how e take pay me?

I'm selfish... Yes I'm selfish and i have self respect, I'll rather have a bit of traffic and app bill them well, than shamelessly be asking passenger to add money for me like one beggar..
One dodoyo dey tell me, he'll rather make less and drive on free road, mowe to abuja na... Road free like heaven highway... na stone ur car dey run on na, na sand you dey use service motor... Go read comment section how dem dey rate una... If the money is so good, why una dey extort passengers? Morality police, mr cool cash isonu....

Has anyone here driven HONDA ODYSSEY before? Please, what can you say about the vehicle?

* How strong and durable is it?
*how problematic is the vehicle and what are it major problems?
*how cheap and readily available are the parts (like sienna)?
"is it fuel comical?

Lastly, is Honda odyssey good for transportation and which model or year is the best for transportation?