₦airaland Forum

ahiboilandgas:
u can get 4.2 percent on a saving account in gt monthly just o.8 percent less ntb

LadyBeee:
did you say monthly? Are u sure? Or it's annually

LadyBeee:
hahahaha you know nothing. Don't even go there

omotola90:
House i will like to know if investment of 8 million naira can be roll over after 364 days?? N. B(treasury bill) and what is the returns??

ahiboilandgas:
why ? Since u do ,why are u stuck on what to do ....and why are u asking of what to do

LadyBeee:
Grew my account from 600k to 1.8million from ponzi but i still lost 200k to ponzi recently. Had to rush to the bank to put my funds back in treasury bills so I won't have access to it again because it seems village people have started following me this 2020

juniorrate:
i thought Naira is already devauling itself or just the BDCs is hoarding dollar

rationalmind:
Money came from ponzi

Hustle2flex:
The bottom line is that no investment is safe now until this coronavirus issue is sorted out.Better leave ur money in ur account for now.

emmanuelewumi:
Coupled with the crude oil price and market share war between Russia and Saudi Arabia.


Nigeria is in big shit because we are not prepared for this.


Norway with a population of less than 6 million people have over $ 1 Trillion dollars in their Sovereign Wealth Fund, got dividends, interests , capital appreciation etc from the fund to the tune of over $100 billion in 2019.

While Nigeria with a population of over 200 million people has less than $2 billion in our Sovereign Wealth Fund.


Russia and Saudi Arabia have between $300 to $500 billion in their reserves to pursue this crude oil price and market share war and to also defend their currency.

rationalmind:
Money came from ponzi

Kemade2007:
Gd afternoon everyone, please any opinion on Alat by Wema 10% interest rate or is there any thread on it

SOFTDRINK:
With the recession knocking on the doors of Nigeria again, is it wise to buy dollars from Aboki to resell to them when the value rises?

TotoNaRubber:
How much are they selling in your area?

SOFTDRINK:
I've not gone to make enquiries, I'll go tomorrow.


Can one buy from them,then hoard it to resell later to them?

SOFTDRINK:
I've not gone to make enquiries, I'll go tomorrow.


Can one buy from them,then hoard it to resell later to them?

ojesymsym:
Hahaha. Make una calm down before blood pressure rise. Nigeria went through one of her worse patch in 2015/16, it's just that this Corona virus just came from no where to be distorting things around the world. Brent fell drastically yesterday because Saudi and Russia decided to be doing negative bidding. ( Who e oyel cheap pass). If Nigerian situation gets bad, it will not be in isolation, it will be because the global economy went bad also.
Somehow we now know how China stands in the world economy. They seem like the highest direct and indirect buyers of oil.na wa

unite4real:
2015 was a child's play compared to 2008/2009.

You should be asking how it was navigated in 2008/2009. For me, I lost a Whole lot of money that I still think about up to this moment. I really don't want to remember but I can't help. But I learnt from then on and became a far better investor and positioning myself for the point-and-kill strategy.

For example, I am waiting for GTB and Nestle to get to that point and kill level soon. The world will see another great recession and those who take positions will go for the kill and make more

Pascopele:
Live on Channels TV now

MD NNPC just stated as follows

1. 50 cargoes of Nigerias crude oil is stranded without buyers, as at last week
2. Saudi Arabia sold their crude at $22 a barrel yesterday
3. It costs $30 to produce Nigerias crude oil.

We thus in a tail spin economically

unite4real:
2015 was a child's play compared to 2008/2009.

You should be asking how it was navigated in 2008/2009. For me, I lost a Whole lot of money that I still think about up to this moment. I really don't want to remember but I can't help. But I learnt from then on and became a far better investor and positioning myself for the point-and-kill strategy.

For example, I am waiting for GTB and Nestle to get to that point and kill level soon. The world will see another great recession and those who take positions will go for the kill and make more

Anniie4u:
Please what mistakes did you make during the 2008 market crash? We could learn. Thanks

ahiboilandgas:
400k per anum if u are lucky

Gokoyer0:
Damn! TBills is a no-go area for me right now. How soon do you think the rate can pick up with the recent events happening around the world?

TotoNaRubber:
I won't advice you to hoard USD, the rate is dropping already.

There are bank charges for withdrawing USD.
Naira ACC's pay 4 percent in savings acc.
The current scarcity was artificial and government has intervened, things may still change. Look for property to buy if you have spare cash.

Depending on where you live and financial ability, some estate developers offer bungalow at N20m, cost of land included + furnished with kitchen cabinet, doors, lights, GP tank, dedicated transformed for the estate etc. Rental income of N750k per annum.
There may be better offer and income than this.

Gokoyer0:
Damn! TBills is a no-go area for me right now. How soon do you think the rate can pick up with the recent events happening around the world?