damilola1978:
sorry what's JHL?

Josien holdings limited,Nigeria.
Late Chief Ogbebor Aisien liquor trading company.

DexterousOne:


The mindset issue o

It's very very problematic for us

Hope we will break free one day

There are no structure in place
No safety net
Every man for himself

Dog eat dog

So after hustling sweat and blood
.and I accumulate a small portfolio of N26.7m

You expect that person to be adventurous?

When there is high risk of losing it all?...

And no mild credit facilities (the banks credit here is killing )

So what do you want em to do

The indian have access to credit

First problem of that mindset is religion. Very huge problem if you ask me.

damilola1978:
excess liquidity is the issue and not forgetting our rubber stamp Senate that has been approving quite a number of huge foreign loans ...like everyone is saying, one has to venture into one of these industries..these rates may not edge up till when it's time to pay back those foreign loans...I want to see how our government will rob peter (collect foreign loan again) to pay paul( offset existing foriegn loans)

FG is playing out some tricky moves with this ridiculously poor TB rates, while piling up external debt. I tell you when the time comes all these foreign loans wont be paid back. We have been through this same gimmick before by embarking on aggressive debt cancellation/forgiveness. Hence they rather pile up external loans than increase TB rates

ahiboilandgas:
..the bank where importing products and he was incharge of selling ..so he keeps changing the nominated accounts and divert sales to expand depot to buy jets to buy houses in London
...just stupid guy

oga ahib..... just wondering if money makes the rich makes some silly decisions..... Is it advisable to have a Special adviser when one get to that level? to prevent one from making stupid mistakes

abraolas1:


oga ahib..... just wondering if money makes the rich makes some silly decisions..... Is it advisable to have a Special adviser when one get to that level? to prevent one from making stupid mistakes

i think is has to do how the riches where accumulated...Dangote group is still in a rented office ...and surround himself with like minded people like edwin knut Alake and co.....

mickky22:


Which sector can one invest please.

If you ask me I will say enter export.
Go France go look for sesame seed customers,they have a lot of demand for it now and they pay you Euro.
You know the advantage now.
Kpata kpata 7.5m you don load container.
I have not done it in many years but old compatriots still dey do am so I guess it's still profitable.
If they are not paying cash make them open LC for reputable bank for you o,for security reasons before oyibo chop your money

emmanuelewumi:
Gbenga Oyebode is married to the daughter of the late head of state General Muritala Mohammed, this doesn't mean that the gentleman was not qualified for the deal he closed for big businesses in corporate Nigeria.
Someone defined luck as when opportunities meet preparation.

This is a young man who graduated from Ife 41 years ago at the age of 20, left law school 40 years ago at the age of 21. Got a Master degree in Business law from the University of Pennsylvania 38 years ago at the age of 23. Got a Post graduate certificate in Business Management from Harvard University.

Qualified and got license to practice law in New York. Worked as an attorney with a law firm in New York for a year, worked in the legal department at Chevron Headquarters in Huston Texas for 3 years.

Came back to Nigeria in 1986, together with Ajumogobia, Okeke and Aluko set up a Commercial law firm. Until he left in 1992 to co-found Oyebode and Aluko chamber which is about the biggest multi disciplinary Commercial law chamber in Nigeria with core competencies in Oil and Gas, Energy, Foreign Direct Investment, Capital Market, Aviation, Project finance, Privatisation, Maritime, Telecommunication etc.


He is a member of the Nigeria Bar Association, American Bar Association, International Bar Association. For many years he was the chairman of the Business law section of the Nigeria Bar Association.

He is a member of the Advisory board of Johannesburg Stock Exchange, award national honours by Nigerian and Belgian government. Former Chairman of Crusader Insurance, Access Bank, former director of MTN. Current chairman of Okomu Oil and Rubber, CFAO and other companies.

With his pedigree as a member of Johannesburg Stock Exchange, it is certain that he will be the preferred Corporate lawyer for South Investors and companies that are newly coming into the country or already in the country eg ShopRite, Multi Choice, Promasidor, Broll Property, Stanbic IBTC etc.

With his work experience in the US, he will be the preferred Corporate lawyer for American Businesses in Nigeria.

For him to breeze through school like this, it means he had people that were footing the education bills. If anybody has such straight path and still end up being poor in life, then there is the need for questions to be asked.

emmanuelewumi:

Corporate lawyers are the deal makers in the business world.

Founder of FCMB was a lawyer.

Legal adviser of Nigeria Industrial and Development Bank.

Before he resigned to set up his Investment Banking firm in 1977.

Earnest Sonekan joined UACN as a lawyer in the legal department of the company.

Wale Tinubu is a lawyer, his eyes were opened to opportunities in Oil and Gas, Maritime when he worked at the commercial law unit of FRA William Chambers


Aig Imoukhuede, the former CEO of Access Bank is a lawyer. Who worked briefly in the chamber of Gbenga Oyebode before he joined the banking sector.

I hope you know that the mum was a lead in the "Better Life for Rural Women' programme of IBB's wife and he is also the son-in-law of Evelyn Oputu.

Abeg, leave all these things jare. As Ahib talk, this is Nigeria.

ahiboilandgas:
am not anger ....femi/zenon blessed a lot of young marketers like me in 2004,5 ,6 ,7 cos with distortion i can make 500k per truck without leaving zenon depot....i just buy from zenon and sell the tickets to desperate people and make 10 naira (330k ) and go back to my hotel room ....is stayed in hotel for 3 years continues without feeling it .....all hotels in apapa was turn to home by marketer...b4 the burst...

Wow

https://nairametrics.com/2020/06/17/naira-falls-at-the-official-market-as-government-reveals-plans-to-unify-the-exchange-rates/

The shithole is about to devalue again...
I tell you,you no hear...
I advise you,you no gree..
When the time is right my brother ehhh,telli person eh them no dey telli person...

Philantropists:
Recently i made N1.3m interest within 2 months doing nothing, this same amount i would have to wait one year with fixed bonds capital of N13m to generate that interest. In another 2 months i will make another 1.3m doing almost nothing, short term investment is a key to wealth multiplication.

Please share, which instrument or business is this?

Wiseoldman:


Nigeria is not Zimbabwe, Nigeria is not Venezuela. The largest black nation on earth is too big to fail!!!

Nothing is too big to fail. If Nigeria was a fortune 500 company, it won't make top 100 and some of those companies go bankrupt every now and then. If the numbers don't add up, it will fail and that's what is happening with Nigeria.

NL1960:


I hope you know that the mum was a lead in the "Better Life for Rural Women' programme of IBB's wife and he is also the son-in-law of Evelyn Oputu.

Abeg, leave all these things jare. As Ahib talk, this is Nigeria.

this father is a federal permant secatary during milltary govt ......a poet ....

Theconglomerate:
https://nairametrics.com/2020/06/17/naira-falls-at-the-official-market-as-government-reveals-plans-to-unify-the-exchange-rates/

The shithole is about to devalue again...
I tell you,you no hear...
I advise you,you no gree..
When the time is right my brother ehhh,telli person eh them no dey telli person...

i was just inform....of the unification....very painful ........in real term all our new sukus profits is gone .......is cbn now scammers .....madam shopey help me look for ireland companies looking to buying agricultural raw materials like ginger .....man need to earn in euros

ahiboilandgas:
i was just inform....of the unification....very painful ........in real term all our new sukus profits is gone .......is cbn now scammers .....madam shopey help me look for ireland companies looking to buying agricultural raw materials like ginger .....man need to earn in euros

Welcome aboard the new reality.
Go France,business dey there wella for una northern agricultural products.
Go yourself,no send any agent or middle man.

Are they really serious about the exchange rate unification?
If I remember correctly, it was one of the requirements the IMF gave for their loan - perhaps they want to pay lip service to that.
Will be interesting to watch the CBN wean itself off its much-beloved multiple exchange rate system.

ahiboilandgas:
i was just inform....of the unification....very painful ........in real term all our new sukus profits is gone .......is cbn now scammers .....madam shopey help me look for ireland companies looking to buying agricultural raw materials like ginger .....man need to earn in euros

That is what the IMF has been advocating.
We are shortchanging ourselves with multiple exchange rates.

Theconglomerate:
https://nairametrics.com/2020/06/17/naira-falls-at-the-official-market-as-government-reveals-plans-to-unify-the-exchange-rates/

The shithole is about to devalue again...
I tell you,you no hear...
I advise you,you no gree..
When the time is right my brother ehhh,telli person eh them no dey telli person...

This is serious.

ahiboilandgas:
i was just inform....of the unification....very painful ........in real term all our new sukus profits is gone .......is cbn now scammers .....madam shopey help me look for ireland companies looking to buying agricultural raw materials like ginger .....man need to earn in euros

Hahahahaha!

Sorry boss. This Nigeria en! Nawa!

Theconglomerate:
Welcome aboard the new reality.
Go France,business dey there wella for una northern agricultural products.
Go yourself,no send any agent or middle man.

am really tired of this unstable currency , ok thanks i will look into that direction ..saw some guys exporting used plastic bottles to Turkey.......

How does the export process work?
My fear is that they have stringent regulations there that you are completely at their mercy in terms of who defines if a product meets specs or not and ultimately your payment.
What are the bottlenecks and possible pitfalls?

Theconglomerate:
Welcome aboard the new reality.
Go France,business dey there wella for una northern agricultural products.
Go yourself,no send any agent or middle man.

ahiboilandgas:
am really tired of this unstable currency , ok thanks i will look into that direction ..saw some guys exporting used plastic bottles to Turkey.......

Really? How are they going about this?

You have a link?

Theconglomerate:
Welcome aboard the new reality.
Go France,business dey there wella for una northern agricultural products.
Go yourself,no send any agent or middle man.

Bro, can you help me get genuine buyers for african natural honey and gallstones in europe?

Cheers

GonFreecss1:


Really? How are they going about this?

You have a link?

no ...the guy studied their (Turkey) i transport the container 40 ft for export from kd to apapa..

ojesymsym:
How does the export process work?
My fear is that they have stringent regulations there that you are completely at their mercy in terms of who defines if a product meets specs or not and ultimately your payment.
What are the bottlenecks and possible pitfalls?

To me I think if you can be patient to wait for TBs to mature after one year,then you can do official export.
First stage is sampling,you first send the buyer what he wants via UPS and the likes so that you guys can finalise on quality and all that at this stage.
Since as it is your first time to sell to the buyer,e go open LC for the trade.
This LC na collateral from his bank to secure your money,so that he can't abandon the goods at the ports or take your goods and don't pay.
That is if the buyer no pay you,his bank will pay you and later collect the money from him with force.
It's your security.
Then you will register with NEPC so as to complete your NXP folder that contains a host of documents and gives you the go ahead to export.
Nigeria registrations na just money,no much bureaucracy as they don't even check All they want is money
When you and your buyer conclude and he opens LC,you contact shipper for container,buy and load and take to the ports and hand the bill of lading shipper give you to your bank and your bank will forward it to buyer's bank that will give to buyer for clearing.
Now you guys will agree on your contract when he is to pay and his bank will be aware.
When the time reach and you no see your bread,just contact your bank and your bank will contact his and you will get your money almost immediately.
But if you guys start do business for long and trust enters,you won't need this no more as you already know him and where to find him if he fùcks up.
You are not at the buyer's mercy at all,unless you load something else different from the sample you guys agreed on,so take plenty pictures of everything you do as proof for any future argument.

emmaodet:


Bro, can you help me get genuine buyers for african natural honey and gallstones in europe?

Cheers

Ha bros you know say I no dey into regulated export no more.
I like chaos abeg,no time for orderliness.
But things like this is every where,go apapa go find agents weh get buyer and looking for supply na.
I know one man called Ayru.Na agent we use many years ago.
His office is at #30 Bombay road,Apapa lagos.
White small one storey building for the top floor.
I no get their contacts again but you fit go the address,cheers.

Please no one has said anything about Sachet water production

ahiboilandgas:
am really tired of this unstable currency , ok thanks i will look into that direction ..saw some guys exporting used plastic bottles to Turkey.......

They recycle them there, and creatively too, but I gather the Turkish government wants to reduce or ban imports of foreign plastic waste, just like China and Malaysia have done.

Theconglomerate:
Ha bros you know say I no dey into regulated export no more.
*I like chaos abeg,no time for orderliness*
But things like this is every where,go apapa go find agents weh get buyer and looking for supply na.
I know one man called Ayru.Na agent we use many years ago.
His office is at #30 Bombay road,Apapa lagos.
White small one storey building for the top floor.
I no get their contacts again but you fit go the address,cheers.

No wonder!!

Cyberknight:


They recycle them there, and creatively too, but I gather the Turkish government wants to reduce or ban imports of foreign plastic waste, just like China and Malaysia have done.

why dont they have used bottles

Nezzjnr:
Please no one has said anything about Sachet water production

Cc ahiboilandgas

ahiboilandgas:
why dont they have used bottles

They do, but they're among the largest plastics processors in the world and the recycling facilities want already separated and sorted plastic waste.