emmaodet:


I believe so.
Did one around 2015 when naira to dollar disparity was much, around 70k between cbn rate and parallel rate.
A lot of guys made it then, you transfer from bank using moneygram to ghana, go to ghana for withdrawal and change the dollar in nigeria.
On average, i made 50k per $1,000 after removing transport and miscellaneous.
I can't do that any more because am too busy and too stressful to be going to accra regularly.
The present difference now between cbn #360/$1 to black market #435/1$ is big to kick start roundtripping again.
I'm too old for that now bro, no more on the street.

Is as if i am interested o

Barrytone:


If you are sleeping at plaza say so because o know nobody sleeps at plaza. Thank God nobody sleeps in park. If you see itam flyover as beautiful and wish you should be staying there, sorry you wouldn't have room mates, you are alone. Am aware of security challenges I itam due to cult activity and not because people stay under that flyover. What do you see that makes you think people sleep there. That place is clean with only flowers. The show me love crew you mention are even the big boys. Unemployment lies in the we yes of the beholder because those men might be wealthier than you. The task force you frown at is a better job that prevents people like you from messing the town up. Laws and rules must be obeyed or boys chop and since nigerians can't obey laws the politicians settle the boys to take from you. I have never been accosted by the task force because am law abiding so check your activity. As for the lying part, i now know you more than you know yourself as a biafran. Keep it up.

i dont know why proving some folks in AkS are homeless or Not so important

can we let this issues die a natural death please

lets focus more on Investment opportunities that we learner can benefit from

Thanks

abraolas1:


i dont know why proving some folks in AkS are homeless or Not so important

can we let this issues die a natural death please

lets focus more on Investment opportunities that we learner can benefit from

Thanks

Not trying to proof anything but stating the obvious. If a place is falsely painted as lawless, investors avoid such places. I can't accept what I know is not the truth. That will be a disservice to this great forum that has schooled me in investment. Uyo and its environ is serene for legit business.

Barrytone:


If you are sleeping at plaza say so because o know nobody sleeps at plaza. Thank God nobody sleeps in park. If you see itam flyover as beautiful and wish you should be staying there, sorry you wouldn't have room mates, you are alone. Am aware of security challenges I itam due to cult activity and not because people stay under that flyover. What do you see that makes you think people sleep there. That place is clean with only flowers. The show me love crew you mention are even the big boys. Unemployment lies in the we yes of the beholder because those men might be wealthier than you. The task force you frown at is a better job that prevents people like you from messing the town up. Laws and rules must be obeyed or boys chop and since nigerians can't obey laws the politicians settle the boys to take from you. I have never been accosted by the task force because am law abiding so check your activity. As for the lying part, i now know you more than you know yourself as a biafran. Keep it up.

Is obviously you think you can write any thing as if Ak is in the moon.Let me tell you is not just few people sleeping in plaza but many under age children with most of the girls into unimaginable acts to survive.and the boys consistently breaking into shops around plaza.The police are tired of arresting them because no one comes for thr bail.Then sars killing many weekly.Nobody is sleeping in AkTc park because is well managed but many are sleeping in the general park.What is happening in itam park is not cult boys is criminals living in the open thr.The cult thing is within the university area .Go towards barracks road,ududoma from morning till evening you see large number of youths riding bicycle and on rolling skate, which the governor had to intervene by banning it.I laugh in Franch of the wealth you mentioned.How is it possible when most young men are either keke/mini bus driver.A state that has more Keke /mini bus than actual car and people.If I am wrong take a drive on week days and see the traffic.And the task force is mostly for Keke and Mini bus.Guy the poverty for thr is so high with the kind of money coming to the state.And most people indigenous people are living in face me I slap you with pit toilets.It is unemployment that has created 65 cult groups in the state .Then this we have oil mentality that is making them not ready to work but all want free money and touts everywhere from aka road,abakrd ,oron etc

Biafran4life:
Is obviously you think you can write any thing as if Ak is in the moon.Let me tell you is not just few people sleeping in plaza but many under age children with most of the girls into unimaginable acts to survive.and the boys consistently breaking into shops around plaza.The police are tired of arresting them because no one comes for thr bail.Then sars killing many weekly.Nobody is sleeping in AkTc park because is well managed but many are sleeping in the general park.What is happening in itam park is not cult boys is criminals living in the open thr.The cult thing is within the university area .Go towards barracks road,ududoma from morning till evening you see large number of youths riding bicycle and on rolling skate, which the governor had to intervene by banning it.I laugh in Franch of the wealth you mentioned.How is it possible when most young men are either keke/mini bus driver.A state that has more Keke /mini bus than actual car and people.If I am wrong take a drive on week days and see the traffic.And the task force is mostly for Keke and Mini bus.Guy the poverty for thr is so high with the kind of money coming to the state.And most people indigenous people are living in face me I slap you with pit toilets.It is unemployment that has created 65 cult groups in the state .Then this we have oil mentality that is making them not ready to work but all want free money and touts everywhere from aka road,abakrd ,oron etc

GOODNIGHT, MAKE DEM SLEEP THERE

Barrytone:


Not trying to proof anything but stating the obvious. If a place is falsely painted as lawless, investors avoid such places. I can't accept what I know is not the truth. That will be a disservice to this great forum that has schooled me in investment. Uyo and its environ is serene for legit business.

I love this statements

Barrytone:


Nnamz despite quoting you, am not referring to you please. Thanks for understanding. Just been driven by my love for this useless country but its all av gat

One love brother

9jatriot:
I have also heard that we have one of the best banking system in the world. I do not know how true this is though, but I understand that a lot of the things we take for granted in our present banking system are not available in a lot of countries.

Please, if I am wrong, no need to insult, just correct me, I am not feeling too fine.

Sometimes I wonder if it is the same Nigeria I know you guys are talking about. You know the longest I've ever waited to be served in a bank here in Canada? 5 minutes or less. You know how many times I've lined up to withdraw money from an ATM? ZERO. Yes you read that right. Zero times that I sometimes wonder if I'm the only one that uses ATMs. I could from the comfort of my bedroom take a photo of a cheque and have the funds deposited in my bank account, within seconds, without leaving my house. Abeg stop all these unnecessary hype about Nigeria. Fear God na

emmanuelewumi:


He managed the company well, the CEO who took over from him came from First Bank. He also took the bank to greater heights, until he resigned to contest for the governorship of Abia State under APGA unfortunately he lost

His son took over the bank from the CEO who resigned to join politics, unfortunately his son could not manage the business

Based on the acquisition of Diamond Bank by Access Bank, there was a share exchange formula, the Baba was also allocated shares of Access Bank that will give him substantial amount of money as dividends.

Imagine! And i used to wonder how he felt losing the company he envisioned and built and would have passed down to future generations. Was feeling sorry for him. Apparently, you can win while losing. Nothing like using billion naira dividends to wipe your tears.

Unless you are a witch and you fly at night and have canvassed the length and breadth of a state i doubt one can say with all certainty that there are no homeless people in some states in this our Nigeria. It would be baffling if true. Even first world countries have homeless people unless there is something i am missing.

You are right. But some banks in Nigeria offer good services too. In terms of securing the IT infrastructure , give it to Nigeria. With the adoption MFA/ 2 factor authentication. Etc . Was surprised at the level of IT security in place in Canadian banks. But I think they are insured more.

Nnamz:

Sometimes I wonder if it is the same Nigeria I know you guys are talking about. You know the longest I've ever waited to be served in a bank here in Canada? 5 minutes or less. You know how many times I've lined up to withdraw money from an ATM? ZERO. Yes you read that right. Zero times that I sometimes wonder if I'm the only one that uses ATMs. I could from the comfort of my bedroom take a screenshot of a cheque and have the funds deposited in my bank account, within seconds, without leaving my house. Abeg stop all these unnecessary hype about Nigeria. Fear God na

I do not think one can accuse you of missing anything, but the point being made is that the standard of living in some towns and villages is so low, accommodation so cheap and the communal style of living in some of these towns and villages makes it impractical for anyone to be homeless except maybe Hausa boys who do not mind sleeping anywhere anyway, that is the point being made.
Accommodation in Lagos is very expensive so you can expect many homeless people. No body is claiming that Nigeria is now an Eldorado, we are just just saying that not living in a duplex does not mean you are homeless.

Phraences:
Unless you are a witch and you fly at night and have canvassed the length and breadth of a state i doubt one can say with all certainty that there are no homeless people in some states in this our Nigeria. It would be baffling if true. Even first world countries have homeless people unless there is something i am missing.

he doesnt sell to the poor ..he sell to dealer that buy a minimum of 10 trucks (25m ) ..indomie is 50 naira but i can buy from dufil ...a dealer that order 50m worth is assigned good ....the man selling to the poor at 35 naira will not get rich .....sell to the rich


True

Phraences:


Imagine! And i used to wonder how he felt losing the company he envisioned and built and would have passed down to future generations. Was feeling sorry for him. Apparently, you can win while losing. Nothing like using billion naira dividends to wipe your tears.

Pascal Dozie, Colonel Bello, Gbenga Oyebode, Prof Yemi Osinbajo and some big Nigerian Investors are some of pioneer Investors of MTN.

With the acquisition of Diamond Bank by Access Bank, the shareholders of Diamond Bank now have shares in the enlarged Access Bank

Nnamz:

Sometimes I wonder if it is the same Nigeria I know you guys are talking about. You know the longest I've ever waited to be served in a bank here in Canada? 5 minutes or less. You know how many times I've lined up to withdraw money from an ATM? ZERO. Yes you read that right. Zero times that I sometimes wonder if I'm the only one that uses ATMs. I could from the comfort of my bedroom take a screenshot of a cheque and have the funds deposited in my bank account, within seconds, without leaving my house. Abeg stop all these unnecessary hype about Nigeria. Fear God na

This is very nice.

How is it done Sir?

Thanks

emmanuelewumi:



Pascal Dozie, Colonel Bello, Gbenga Oyebode, Prof Yemi Osinbajo and some big Nigerian Investors are some of pioneer Investors of MTN.

With the acquisition of Diamond Bank by Access Bank, the shareholders of Diamond Bank now have shares in the enlarged Access Bank

Vice President is very sound in Investment.

I was amazed when I listened to him on one Economic /Investment Meeting .....I got some much insights from his contributuions. PYO is well diversified in investments. Am not surprised seeing him in the big guys in MTN.

ukay2:


Vice President is very sound in Investment.

I was amazed when I listened to him on one Economic /Investment Meeting .....I got some much insights from his contributuions. PYO is well diversified in investments. Am not surprised seeing him in the big guys in MTN.

Has about 50 million units, dividend of about N250 million after withholding tax

emmanuelewumi:



Has about 50 million units, dividend of about N250 million after withholding tax

this what i call investments not some yeye 3.8 percent rate on treasury bills

ukay2:


Vice President is very sound in Investment.

I was amazed when I listened to him on one Economic /Investment Meeting .....I got some much insights from his contributuions. PYO is well diversified in investments. Am not surprised seeing him in the big guys in MTN.

Pascal Dozie, Gbenga Oyebode, Col Sanni Bello, Babatunde Folawiyo, Ahmed Dasuki, Victor Odili are the billion naira dividend earning Nigerian pioneer Investors of MTN Nigeria

ahiboilandgas:
this what i call investments not some yeye 3.8 percent rate on treasury bills

The dividend yield of MTN is also less than 7% but the business grew big in the last 20 years.

The most important thing is the ability of the business to increase in value and grow, if that happens a yield of 3.8% is still okay

Treasury Bill or money market fund are places to keep reserves, when the reserves become very big part of the reserves should go into growth investments, businesses and assets.

ahiboilandgas:
this what i call investments not some yeye 3.8 percent rate on treasury bills

I just hope the rate increase.... Still looking at FGN bonds,Treasury Bills or Fixed Deposit(Whose rate is kind of Discouraging)... just need to move it away from this Savings that doesn't even yield me One naira since 3 months now given me the excuse of withdrawing more than 3 times

emmanuelewumi:




The dividend yield of MTN is also less than 7% but the business grew big in the last 20 years.

The most important thing is the ability of the business to increase in value and grow, if that happens a yield of 3.8% is still okay

Treasury Bill or money market fund are places to keep reserves, when the reserves become very big part of the reserves should go into growth investments, businesses and assets.

talking about capital appreciation over time..

emmanuelewumi:




The dividend yield of MTN is also less than 7% but the business grew big in the last 20 years.

The most important thing is the ability of the business to increase in value and grow, if that happens a yield of 3.8% is still okay

Treasury Bill or money market fund are places to keep reserves, when the reserves become very big part of the reserves should go into growth investments, businesses and assets.

am talking of the capital appreciation...u said a 1 million naira invested 20 years ago is now 50m....if i invested 10m naira 20 year ago it would grown to 500m now i will happy with a yield of 5 percent

How about the share appreciation within period under review 1 year

emmanuelewumi:



Has about 50 million units, dividend of about N250 million after withholding tax

But I think MTNN needs to seriously improve on their future dividends to investor from the #4.97 they paid based on the price of a unit of their shares.

I received my dividend yesterday but I had a better return in GTB, Zenith, UBA, UCAP and some Others. Even Dangcem will pay me a better dividend of #16.00 per share in two weeks time.

Please sirs, also do us a favour in sharing shares that losses value over time. We need to understand that its not always winning in shares especially if you don't understand its working.

ALWAYS INVEST IN WHAT YOU UNDERSTAND

ahiboilandgas:
talking about capital appreciation over time..

Exactly, capital will appreciate when a business grows.


In 2004 Peterside Atedo the founding CEO of Stanbic IBTC Bank, said his friends who invested 100k when he started his bank in 1989, had the value of their investments grew to N120 million 15 years after.

That is the geometrical increase that can happen with a business or Investment in a growth company operating in a growth sector.

The bank grew from no branch, no customer, no profit in 1989, to millions of customers, multiple branches, billion Naira profit etc in 2004.


You also need N20 millon to get a bank license in 1989, you also need over 300k to buy a new Honda Accord from Honda's Place in 1989.

So the 100k invested by Atedo's friends could only buy fairly used cars in 1989 and the car should be a scrap valued at 50k in 2020

Atedo and his friends who believed in him and invested in his dreams are now billionaires in Naira.

But how easy, is it to get honest and trustworthy business partners nowadays?

anjilgreat:


But I think MTNN needs to seriously improve on their future dividends to investor from the #4.97 they paid based on the price of a unit of their shares.

I received my dividend yesterday but I had a better return in GTB, Zenith, UBA, UCAP and some Others. Even Dangcem will pay me a better dividend of #16.00 per share in two weeks time.

An interim dividend of N2.50k was paid about 6 months ago


The growth curve has reduced for MTN, more like an income business that will give you steady income. But I can see growth in the mobile banking business, they just got a license from CBN for that. The business will continue to make money during this lockdown, a lot of people are working from home and they need data

The exponential growth was enjoyed by the pioneer Investors who invested about 20 years ago, when GSM business was a virgin area in Nigeria

Barrytone:
Please sirs, also do us a favour in sharing shares that losses value over time. We need to understand that its not always winning in shares especially if you don't understand its working.

ALWAYS INVEST IN WHAT YOU UNDERSTAND

Very important, and we should always seek knowledge and understanding

ahiboilandgas:
am talking of the capital appreciation...u said a 1 million naira invested 20 years ago is now 50m....if i invested 10m naira 20 year ago it would grown to 500m now i will happy with a yield of 5 percent

N1 millon invested 20 years ago is now worth over N500 million now..

Check the profit history in the last 20 years from less than N1 billion to over N200 billion, the increase in the assets of the business in the last 20 years, increase in revenue from hundreds of millon to over one Trillion naira, number of lines from less than 1 million to over 60 million, introduction of data to initial revenue stream from voice

anjilgreat:


But I think MTNN needs to seriously improve on their future dividends to investor from the #4.97 they paid based on the price of a unit of their shares.

I received my dividend yesterday but I had a better return in GTB, Zenith, UBA, UCAP and some Others. Even Dangcem will pay me a better dividend of #16.00 per share in two weeks time.

Madam you are really doing well for yourself with all these dividends you have earned during this lockdown

emmanuelewumi:



An interim dividend of N2.50k was paid about 6 months ago


The growth curve has reduced for MTN, more like an income business that will give you steady income. But I can see growth in the mobile banking business, they just got a license from CBN for that. The business will continue to make money during this lockdown, a lot of people are working from home and they need data

The exponential growth was enjoyed by the pioneer Investors who invested about 20 years ago, when GSM business was a virgin area in Nigeria

You are right sir. Although I bought at a lower rate @#95, I'll just ride on the Capital appreciation for now!