TotoNaRubber:
With the current price of oil at $11 per barrel we can only imagine the effect this will have on Nigeria's economic crisis from the Naira losing value, the USD climbing uncontrollably, the economic hardship to come, the increasing debt portfolio of the country to the unforeseen circumstances that will arise.

Dangote is not left out in this crisis, his profit projection will decline even though he may still be at profit. For individual investors, your best bet is to guard your assets and cash investments like GOLD.

WTI is currently at $10 -$11 but BRENT is what concerns Nigeria. BRENT is currently selling at $26 - $28.

TotoNaRubber:
With the current price of oil at $11 per barrel we can only imagine the effect this will have on Nigeria's economic crisis from the Naira losing value, the USD climbing uncontrollably, the economic hardship to come, the increasing debt portfolio of the country to the unforeseen circumstances that will arise.

Dangote is not left out in this crisis, his profit projection will decline even though he may still be at profit. For individual investors, your best bet is to guard your assets and cash investments like GOLD.

We should be worried about Brent that is now around 26 - 28$. We have no business with WTI.

IamR:

We should be worried about Brent that is now around 26 - 28$. We have no business with WTI.

Nigeria oil has been going very cheap for lack of storage even before WTI got to 11dollars.
Market reality.
It has been at 12 dollars a barrel for a while now.

vixetcollective:
Please help me with any thing to buy foodstuffs

Please and please I am starving

UBA
2137961735

I can see you are very active on the betting thread. Betting is addictive, some people beg in order to have money which they will use to bet. Betting is a wrong way of creating wealth.

Can I just sleep and wake up in 2021 or even in heaven . The wahala is never ending. Truly ,there are things money cannot buy.

From coronavirus to recession. wahala everywhere

missjekyll:
Can I just sleep and wake up in 2021 or even in heaven . The wahala is never ending. Truly ,there are things money cannot buy.

From coronavirus to recession. wahala everywhere

This will also pass away, don't lose faith, keep praying and hoping


It is a lesson for all of us.

missjekyll:
Can I just sleep and wake up in 2021 or even in heaven . The wahala is never ending. Truly ,there are things money cannot buy.

From coronavirus to recession. wahala everywhere

With enough money,no one bothers about recession.
Money buys everything,there is a reason why boris Johnson and the queen didn't die.

Theconglomerate:
With enough money,no one bothers about recession.
Money buys everything,there is a reason why boris Johnson and the queen didn't die.

I know you don't belong here when I Read your post about being selfish with business ideas and your basket of tomatoes. Don't bother to quote me, I read more than I write.

Theconglomerate:
Is business not an emergency too?
You can never leave 1m lying fallow in a bank when you know there is a springing opportunity that will produce 200k with it.
Its basic human instinct.
The people that do that kind of model you talk about are elites that have so much that capital isn't a problem no more,not us still battling with life problems.
You know I've got to hold my belle with my 30k capital so I always reinvest round the clock and keep little change for myself incase of emergencies(like N200 for hot market rice and crayfish stew ).
So we make up for that expenses by purchasing all goods we can and try and have a lot of variety to be able to build a sustainable cash flow.
Like I bought 2 bags of rice and 3 cartons of tomatoes plus one pack of seasoning so that if you no but rice,you go buy another thing.capitalist
Now how on earth do I keep savings wen I don't even have enough inventory?untop 30k capital again??
Bottom line is you have to cross a certain threshold before you start having actual savings as an entrepreneur,especially TRADE.
FROM 100MILLION NAIRA capital base traders and below have got no damn SAVINGS,not even 100k!Everything is reinvested in that business!!!!
That is why if their shop burn,them dey want kill themselves by jumping in the fire to safeguard goods

Now Nwokem! This your analysis is too big for someone that deals on 2 bags of rice, tomatoes and seasoning

Theconglomerate:
With enough money,no one bothers about recession.
Money buys everything,there is a reason why boris Johnson and the queen didn't die.

You forgot to add Steve Jobs, Yar Adua and Abba Kyari.

afroxyz:


Now Nwokem! This your analysis is too big for someone that deals on 2 bags of rice, tomatoes and seasoning

If you believe everything you read here, you must be very impressionable. Learn to sieve the chaff from the wheat.

IamR:

We should be worried about Brent that is now around 26 - 28$. We have no business with WTI.

Nope. Not Brent either. Our crude grade is Bonny Light which is being sold at a discount

Theconglomerate:
With enough money,no one bothers about recession.
Money buys everything,there is a reason why boris Johnson and the queen didn't die.

the queen was never ill. you may have 100 million but if everyone around you is hungry,you ll be kidnapped and robbed everyday.

I m happy you havent seen anything that money cant solve. I m praying God preserves your innocence in that respect. Apeace...

Sholapey:
I bought one last two month and another one came up 3days ago but I already left 9ja. The property is worth 60m thou but it's now on the market for 35m

Just out of curiosity, why did you remove your gender? Cause I know I always see a pink f by your name

Akin3891:



I know you don't belong here when I Read your post about being selfish with business ideas and your basket of tomatoes. Don't bother to quote me, I read more than I write.

Lol @ bolded, I have counted up to 3 of his monikers on this thread. I wonder why someone would be changing handle every few week.

Nnamz:

Just out of curiosity, why did you remove your gender? Cause I know I always see a pink f by your name

I removed it because of the PM some people have been sending to my inbox. Such as, can I know you better, "can we hang out" and I don't want to bring it here because we are all here to gain more knowledge of investments, I don't have time for bullshit. The pink f' by my name revealed my sex as female. I can't change my handle for no one...so I removed it for less drama n to stay safe.

missjekyll:


the queen was never ill. you may have 100 million but if everyone around you is hungry,you ll be kidnapped and robbed everyday.

I m happy you havent seen anything that money cant solve. I m praying God preserves your innocence in that respect. Apeace...

Not true.
You should ask yourself why the famous "1 million boys" and badoo gang didn't go to Banana island or Lekki phase 1 to raid
It is not everything that you buy that would work,but atleast you were able to buy and extend your reach.

ositadima1:


Lol @ bolded, I have counted up to 3 of his monikers on this thread. I wonder why someone would be changing handle every few week.

Would you mind pointing them out?

ositadima1:


Lol @ bolded, I have counted up to 3 of his monikers on this thread. I wonder why someone would be changing handle every few week.

Haha...I know the fellow too. That is the best part of this forum, you interact with different minds with also very interesting perspective to things. All na learning - both good and bad. He is young, ambitious, very intelligent actually but highly conceited and lacking in deep self awareness. One love, people

afroxyz:


Now Nwokem! This your analysis is too big for someone that deals on 2 bags of rice, tomatoes and seasoning

My brother na so we see am ooo.
I just finish salvage my last 2 basket of onions from the inventory of 4 baskets i had ooo.Lockdown just dey make stock dey rotten.
Looking forward to get enough money from its sale to buy 6 baskets of tomatoes tomorrow
Mummy I made it!!!

Akin3891:



I know you don't belong here when I Read your post about being selfish with business ideas and your basket of tomatoes. Don't bother to quote me, I read more than I write.

Of course I don't belong here,I have never been a fixed income kind of guy.
Not when I'm still young enough for my 15 year old cousin to call me by my name
No mind me ooo sir.
By the way,why don't you fix a meeting where you will casually share all your business dealings(and I mean a step by step expose) with me over a bottle of palmi bought with tomato money?
You know,in the spirit of sharing ideas

Theconglomerate:
Not true.
You should ask yourself why the famous "1 million boys" and badoo gang didn't go to Banana island or Lekki phase 1 to raid
It is not everything that you buy that would work,but atleast you were able to buy and extend your reach.

2 words ''French revolution''. When people get hungry enough,even Aso villa will not be safe. God help us

missjekyll:


2 words ''French revolution''. When people get hungry enough,even Aso villa will not be safe. God help us

It's not that bad yet trust me.
Besides if you are at banana island,the revolution will start somewhere at Ajegunle or so,which gives you ample time to jump on the chopper you ordered from Caverton to come pick you up and take you to Benin republic.
Money is everything my dear,even in wartime or disease outbreaks.
Sad reality.
And I meant no disrespect about Ajegunle though.I'm sorry.

MelesZanawi:


You forgot to add Steve Jobs, Yar Adua and Abba Kyari.

Atleast they could afford to try/fight.
A lot of people have died almost instantly from having the kind of ailments these people had and I mean it.
Yar Adua,kyari and jobs bought enough time with money before they died.
That is what money did for them that wasn't available for the common man.
It's bad and I am not proud of it but it's the truth.
I wish it could change though.

Theconglomerate:
Not true.
You should ask yourself why the famous "1 million boys" and badoo gang didn't go to Banana island or Lekki phase 1 to raid

Controversial human being... you don go Banana Island before? If you go there, you go see sey dem no born 1 million Boys Brigade to near there. Na shoot at sight ooo.

On a more serious note, bro, you should let go of some of your proclivities so that you can harness the wealth of knowledge and experience this thread possess.

Also, endeavour to make contributions with the intentions of learning more, rather than wanting to impose your ideologies and contrary opinions. It is not a challenge.

Your account is new, so it is safe to assume that you just discovered Nairaland, unless you have been a guest all along or you have multiple monikers. This thread has survived this long because of the constructive contributions anchored on continuous knowledge sharing. We hardly hoard information here. All you have to do is keep asking.

Some months ago, someone gave a detailed exposition about how he started his lending business during his Banking Graduate Trainee days and grew his capital base to tens of millions presently. It was a rude eye-opener for me! If i wanted to tow that line, i could have just sent him a PM and, if he could divulge so much here, i am sure he could have also walked me through privately as well

Late last year too, just when NTB started its decline, you needed to see the discussions that went down here about techniques to be profitable in real estate. It was really really enlightening for me. If i were to venture into real estate today, i am sure i would avoid the pitfalls most of our elders here made when they started out earlier.

Shares and Stocks nko, Elder Emma has taken us through salient tips one should know about Shares. From choosing a broker to even recommending stocks one can immediately buy into, everything was laid bare here.

Most times, when these discussions are about to begin, it doesnt start with the headline "This is a secret". No! But you will definitely spot secrets our formal education and street knowledge couldnt provide. Only practice and experience afforded it.

Capitalism dont exist here, bro. We share information freely, and just like someone pointed out earlier, the sky in here can accomodate all the birds.

Tabuse20:


Haha...I know the fellow too. That is the best part of this forum, you interact with different minds with also very interesting perspective to things. All na learning - both good and bad. He is young, ambitious, very intelligent actually but highly conceited and lacking in deep self awareness. One love, people

I know him too, and he's intelligent, with different personas which I understand why... Just hoping it's a time to reflect and do the right thing.

Hello all, please what is the latest rate on treasury bill. I am expecting my returns soon, and will like to reinvest. Did last with standbic ibtc. The rate was good. Can I please know the current rate? Thank you.

mimini:
Hello all, please what is the latest rate on treasury bill. I am expecting my returns soon, and will like to reinvest. Did last with standbic ibtc. The rate was good. Can I please know the current rate? Thank you.

Not encouraging, about 3% or less.

Why Treasury Bills at this time? I guess you just want to keep emergency funds some where, hope you have invested some funds working so hard to create more wealth for you.

emmanuelewumi:


Not encouraging, about 3% or less.

Why Treasury Bills at this time? I guess you just want to keep emergency funds some where, hope you have invested some funds working so hard to create more wealth for you.

That is really low. Its just that I don't really have a lot of ideas on how to invest my money. Please can u tell me other ways of investing my money that will be really profitable and genuine so I can read it up. How is govt bond at this time? Thank you.

mimini:


That is really low. Its just that I don't really have a lot of ideas on how to invest my money. Please can u tell me other ways of investing my money that will be really profitable and genuine so I can read it up. How is govt bond at this time? Thank you.

Start and grow a business.