Stocktrader:


Listen he wants me to table details by details for him, before you know it, he will want me to table contract documents and letter of credits from banks too.

Better I stop answering now than one annoying my senses here.

There is a way a professional would table it and one won't need to ask for verification,you did a very poor job there honestly.
Now we can talk about planes jarey,since trading crude is definitely not one of your strong points.

ojesymsym:
I do not even think we use the word load, I think it is export. To the best of my knowledge, Nigeria uses the export line at Excravos. Conoil and
Midwestern are the other company that I believe have export license, the others have to use the gathering facility owned by NNPC for export.

Never ever heard this his type of deal though.

Loading is the term used from nozzle to tanker.
Export is a very generic adjective.I was being very specific.

ojesymsym:
I do not even think we use the word load, I think it is export. To the best of my knowledge, Nigeria uses the export line at Excravos. Conoil and
Midwestern are the other company that I believe have export license, the others have to use the gathering facility owned by NNPC for export.

Never ever heard this his type of deal though.

When you try to explain to someone and he says he knows it, you just let it be. I said Lift, he asked what is lift lift lift, I tire.

TransAtlanticEx:
There is a way a professional would table it and one won't need to ask for verification,you did a very poor job there honestly.
Now we can talk about planes jarey,since trading crude is definitely not one of your strong points.

That was my first time trying to click a deal with My Consortium company, and he has license to lift crude oil from Iraq. I learnt a lot on it.

Now you can ask me anything about Airplanes lolz, don't misfire on this, I will use the exhaust of hot air coming out from the back of jet engine to roast you lolzs.

Okay point noted. Vessel I believe since the discussion is crude.

TransAtlanticEx:
Loading is the term used from nozzle to tanker.
Export is a very generic adjective.I was being very specific.

Stocktrader:


That was my first time trying to click a deal with My Consortium company, and he has license to lift crude oil from Iraq. I learnt a lot on it.

Now you can ask me anything about Airplanes lolz, don't misfire on this, I will use the exhaust of hot air coming out from the back of jet engine to roast you lolzs.

This "lift" you keep using carelessly will put you in trouble one day.
Is your client in crude production(upstream) or a crude buyer.
You keep mixing things up.
When the need for aircraft knowledge arises,youd be the first to know.

TransAtlanticEx:
Next time come Niger delta come buy your crude.
You can hide your imaginary tanker in the "bight of Benin" and use small barge dey tow am go there from the creeks then later use large pumps to load the tanker(pump from barge to tanker),when e full you vamoose.
Na wetin people weh no meet/know(clueless) NNPC requirements dey do be that

You see what i say, you don't know about crude oil, if not when I mentioned CIF, You should know it was straight deal needed to be done with NNPC, and not TTO, because that is what those Niger deltans do.

Bro just hold it up there, what I know in the Crude oil business is not worth revealing hear, so stop asking questions that is not necessary.

ojesymsym:
Okay point noted. Vessel I believe since the discussion is crude.

lol Vessel kwa?
You don see where container ship dey come carry crude before?
Abi you don't know the term vessel is generic?
The description or specific word to use in this scenario is tanker bros.

September 2020 Federal Government of Nigeria Savings Bond (FGNSB) opens today , 7th September 2020 at the following interest rate:

2-Year FGN Savings Bond due September 16, 2022 at 3.501%.
3-Year FGN Savings Bond due September 16, 2023 at 4.501%.

It is a low risk investment for intending investors.

Even bonds are now this low
Ahib must not be allowed to see this. Seriously, don't tell me this will also be oversubscribed.

DInkMan:
September 2020 Federal Government of Nigeria Savings Bond (FGNSB) opens today , 7th September 2020 at the following interest rate:

2-Year FGN Savings Bond due September 16, 2022 at 3.501%.
3-Year FGN Savings Bond due September 16, 2023 at 4.501%.

It is a low risk investment for intending investors.

DInkMan:
September 2020 Federal Government of Nigeria Savings Bond (FGNSB) opens today , 7th September 2020 at the following interest rate:

2-Year FGN Savings Bond due September 16, 2022 at 3.501%.
3-Year FGN Savings Bond due September 16, 2023 at 4.501%.

It is a low risk investment for intending investors.

And inflation is at over 12%.

ojesymsym:
Even bonds are now this low
Ahib must not be allowed to see this. Seriously, don't tell me this will also be oversubscribed.

Your guess is as good as mine

It’s not for me to say if he’s audio or not but I perfectly understand what he’s saying. NNPC goes through a bidding process for the allocation of crude lifting contracts and this process is super competitive. Lots of connections needed at NNPC and many oyibos with no connection at NNPC use Nigerians as middle men to try to secure these contracts or to be one of the names called when the envelopes are opened. You were wondering why the company he was representing will want to buy directly from NNPC when they can just buy from traders like Trafigura and co. Well, why buy from a trader when it is cheaper to buy directly from NNPC? Also, with the huge volumes he mentioned, it would make sense to buy directly from NNPC with the crude lifting contract. I am just a lazy youth sha so please don’t take me too seriously

TransAtlanticEx:
Na crude you want buy abi oil well?
I keep hearing "lift,lift,lift..."
Wetin concern buying crude and lift and also why will the company buying crude need you when there's a plethora of crude brokers worldwide literally begging for patronage?
What was your advantage over those brokers?
And please quit the sanctimony,NNPC no be church.
Any serious businessman operating at that level knows something must drop for boys

emmanuelewumi:


Please explain? Give examples of the funny Investments

They come up here once in a while. The recent I see is Carbon. I have not researched them though but I have seen where it was discussed around here in another thread and some questions asked did provide convincing answers to those that asked. It seems like diversification of the unsustainable agrictech investments. I feel just typing in the search box up there could bring the needed result. That's what I feel though.

TransAtlanticEx:
There is a way a professional would table it and one won't need to ask for verification,you did a very poor job there honestly.
Now we can talk about planes jarey,since trading crude is definitely not one of your strong points.

I like this guy. So straightforward and rugged. Doesnt mince words.You go wicked for real life.

Lazyyouth4u:
It’s not for me to say if he’s audio or not but I perfectly understand what he’s saying. NNPC goes through a bidding process for the allocation of crude lifting contracts and this process is super competitive. Lots of connections needed at NNPC and many oyibos with no connection at NNPC use Nigerians as middle men to try to secure these contracts or to be one of the names called when the envelopes are opened. You were wondering why the company he was representing will want to buy directly from NNPC when they can just buy from traders like Trafigura and co. Well, why buy from a trader when it is cheaper to buy directly from NNPC? Also, with the huge volumes he mentioned, it would make sense to buy directly from NNPC with the crude lifting contract. I am just a lazy youth sha so please don’t take me too seriously

Full Sermons porridge for you. I gave up explaining as my friend refused to understood till I table full details, once again thank you for explaining to him.

freeman67:
I have noticed that lots of human does not want hear anything if it is not in their favour.. Around February - March this year(2020) there were calls on this thread for people who can to convert their investment to dollar inorder beat the pending devaluation and inflation as a result of the economic situation fuelled by Covid -19. I believe those who could at that time did it and those that think otherwise didn't nobody died. Now there is a contrary call. If you believe you act on it. If you don't, hold your dollar position. You own your dollar and you are also responsible for your decisions.

If at the end of the day it played to your favour, fine. It doesn't, next time you will know what to do. There is no need over flogging it.

I never believed this would happen.Sincery we are running a crazy economy

ojesymsym:
Even bonds are now this low
Ahib must not be allowed to see this. Seriously, don't tell me this will also be oversubscribed.

It will still be oversubscribed due to limited options. A lot of people want to sleeo with their eyes closed

drealj:
I never believed this would happen.Sincery we are running a crazy economy

Nigerian own class of economy doesn't follow economic principles..... We should write our own economics principles.

Tyche:


It will still be oversubscribed due to limited options. A lot of people want to sleeo with their eyes closed

At some point when funds are huge investors are more concerned with safety of funds than rate. Hence you still see subscription in Tbills and saving bonds.

emmasoft:


At some point when funds are huge investors are more concerned with safety of funds than rate. Hence you still see subscription in Tbills and saving bonds.

Accurate. Safety First, You don't expect one to put over a billion naira into very risky investment.

Why is this thread quiet?

What's the current dollar rate

just2endowed:
What's the current dollar rate

NGN430/443 (Buy/Sell) - This evening in Lagos.

hello house,fcmb is offering me a loan at 2.5 percent interest rate.how good or bad is it?

chidekings:
hello house,fcmb is offering me a loan at 2.5 percent interest rate.how good or bad is it?

I'm sure it's 2.5% per month ie 30% per annum. Read in between the lines, understand the terms and conditions, and then consider the returns of the purpose of the loan if it's worth it.

emmasoft:


I'm sure it's 2.5% per month ie 30% per annum. Read in between the lines, understand the terms and conditions, and then consider the returns of the purpose of the loan if it's worth it.

Thank you,I don't necessarily need a loan,just want to build up my profile.they offered me up to 10m.

chidekings:

Thank you,I don't necessarily need a loan,just want to build up my profile.they offered me up to 10m.

At 30%!. you want to build your debt profile instead of Credit.
Anything more than 16% is a no-no for me.

chidekings:
hello house,fcmb is offering me a loan at 2.5 percent interest rate.how good or bad is it?

If you need (Not want) the fund there is no harm in getting the loan ( Note: Any financial institutions that gives loan without an option to liquidate is a Big NO). But should in case you have anyone who is a salary earner that needs loan please do well to introduce such person to me.

Dsticks47:


If you need (Not want) the fund there is no harm in getting the loan ( Note: Any financial institutions that gives loan without an option to liquidate is a Big NO). But should in case you have anyone who is a salary earner that needs loan please do well to introduce such person to me.

At what rate do you give out your loan?

pluto09:



At what rate do you give out your loan?

2.5% with option to liquidate after 30 days.