ositadiima1:


I work with an Indian owned engineering firm, they plenty for here, the smart one are really smart. They like cutting corners alot and I blame our authorities for that. The ones in my firm bring in their wives sha.

They are expert in cutting corners, very dishonest, even the ones that bring their wives still cheat. Have you met a Indian who speaks Yoruba? Some of them speak the Yoruba while chinese speak Igbo too.

They have many festivals which are celebrated even in Nigeria.

An average Indian does joke with money, but can spend the last Kobo for festivals or children birthday.

I have worked with them very well and know them too well.

Leezah:
They are expert in cutting corners, very dishonest, even the ones that bring their wives still cheat. Have you met a Indian who speaks Yoruba?

I have worked with them very well and know them too well.

I can tell you for free that the some of them commit tax fraud
I dont know why a Nigerian consultant will set up hybrid mismatch arrangements that will make indians escape some Taxation

Anyways sha

jedisco:


Not necessarily. It'd be difficult getting a loan in a if you're not a resident of a country or have good assets there.
One of the advantages developed nations have is ease of availability of cheap credit.

Once you have a steady income source and good credit history, you can get good sums from a bank at relatively cheap rates. Even better if you're a business with a sensible outlook.

Lacking a profile of our citizens in Nigeria has largely prevented banks from doing same. With BVN, it helped banks give soft loans at cheaper rates.
Now imagine if everyone had a credit history with a given number that is added to or reduced over time based on alot of everyday activities. In that case, you could get a 5-10 million Naira loan payable at 3% over 5 years from the comfort of your home. That money will be put back into the economy to make it grow. CBN is trying to force banks, but tge underlying platform is lacking

I mentioned last week that the CBN are forcing banks to lend , and are even penalizing them for refusing

It sounded unbelievable to some

DexterousOne:

I can tell you for free that the some of them commit tax fraud
I dont know why a Nigerian consultant will set up hybrid mismatch arrangements that will make indians escape some Taxation

Anyways sha

Not just Indians, but a lot of the foreigners here.
Do you blame them - when in Rome [Nigeria], do as the Romans do.

Cyberknight:


Not just Indians, but a lot of the foreigners here.
Do you blame them - when in Rome [Nigeria], do as the Romans do.

The consultants "show them the way"
I will NEVER advise a foreigner, no aid him set any "mismatch " that will aid him escape FIRS net

I owe my country that much

Manwarrior55:
Airtelafrica just broke a record of an all time high investor gain of over 82billion.

Could Airtel Africa be the Netflix of NSE ??

Cc Emmanuelelewumi

Someone said foreign investors who are trapped are using the shares to repatrate funds.


It is quoted on both Lagos and London Stock Exchange. With the registrar of the company in Lagos and London, it could be possible for foreigb investors with 1 million units in Lagos to have a kind of share swap, whereby they can sell in London to earn forex

Pa Emmanuel, a relative asked me about investing with investment one vgif and if he can go for it and if his funds would be secured. What do you think about it? How much return on investment?

emmanuelewumi:



Someone said foreign investors who are trapped are using the shares to repatrate funds.


It is quoted on both Lagos and London Stock Exchange. With the registrar of the company in Lagos and London, it could be possible for foreigb investors with 1 million units in Lagos to have a kind of share swap, whereby they can sell in London to earn firex

DexterousOne:

I can tell you for free that the some of them commit tax fraud
I dont know why a Nigerian consultant will set up hybrid mismatch arrangements that will make indians escape some Taxation

Anyways sha

Tax fraud they are experts so also Chinese and Lebanese. As a supplier ask them to give you payment advise, for where!

.

emmanuelewumi:



Someone said foreign investors who are trapped are using the shares to repatrate funds.


It is quoted on both Lagos and London Stock Exchange. With the registrar of the company in Lagos and London, it could be possible for foreigb investors with 1 million units in Lagos to have a kind of share swap, whereby they can sell in London to earn firex

Hmm. I’m wondering why any sane foreign investor would buy the share at N530 to N580 in Nigeria and sell at 80 pence in London. At 1 million shares, that’s a loss of at least 300,000 pounds (not including transaction costs) just to repatriate funds.

Manwarrior55:
Airtelafrica just broke a record of an all time high investor gain of over 82billion.

Could Airtel Africa be the Netflix of NSE ??

Cc Emmanuelelewumi

The 81bn gain is the gain in the market cap of the entire exchange. Not Airtel’s investors.

If it was the next Netflix, investors on the LSE would be rushing it na .

[quote author=Trustrade post=96602232]Pa Emmanuel, a relative asked me about investing with investment one vgif and if he can go for it and if his funds would be secured. What do you think about it? How much return on investment?


connect emmasoft , he will guide u step by step. By experience VGIF is okay. Capital and returns of 7.5% guaranteed.

.

.

Lazyyouth4u:

Hmm. I’m wondering why any sane foreign investor would buy the share at N530 to N580 in Nigeria and sell at 80 pence in London. At 1 million shares, that’s a loss of at least 300,000 pounds (not including transaction costs) just to repatriate funds.

It was N285 for many months and most part of this year and last year. Recent interest in the stock drove the stock price to roof top


The arrangement made sense at N400 to N430 not at the current price

Trustrade:
Pa Emmanuel, a relative asked me about investing with investment one vgif and if he can go for it and if his funds would be secured. What do you think about it? How much return on investment?

Not bad, it is regulated by SEC. I think FBN Trustee or Stanbic IBTC Trustee are the Trustees of the fund, Citi Bank is the custodian

Manwarrior55:


Do you think it’s a good buy? Even at under 600 ?

I don't think so, what were you when it was selling for less than N300?

Lazyyouth4u:

The 81bn gain is the gain in the market cap of the entire exchange. Not Airtel’s investors.

If it was the next Netflix, investors on the LSE would be rushing it na .

Gain in the market cap on the Nigerian Stock Exchange, the quantity of the shares listed in the Nigerian market is about 20% of the company's outstanding shares

Leezah:
Lol! Indians back home trustworthy, he gives it to his relationship or brother-in-law to run

He's right, you shouldn't be arguing that.

We have more untrustworthy Nigerians than we have of Indians.

Leezah:
They are expert in cutting corners, very dishonest, even the ones that bring their wives still cheat. Have you met a Indian who speaks Yoruba?

I have worked with them very well and know them too well.

You're focusing on the ones in Nigeria that you guys have succeeded in absolutely corrupting.
Here in the Gulf, they're in millions, very hardworking, trustworthy, law-abiding, not given to the get-rich- quick syndrome that most Nigerians are bedevilled with, and are hardly linked to any crime.
Compare that to the Nigerians that are far fewer in number, yet noisy, proud, lawless ,unreliable, and are always involved in one crime or the other.
If a Nigerian borrow money from you here, you'll never see it again, unlike these other guys.
I don't think there are other humans like our Nigerians on this earth.

Manwarrior55:


VGIF is no longer 7.5% guaranteed

Have you checked their last quarter report?

Please, what's their current rate now?

Or are you implying that one's capital and interest are no longer guaranteed with them?

emmanuelewumi:



Gain in the market cap on the Nigerian Stock Exchange, the quantity of the shares listed in the Nigerian market is about 20% of the company's outstanding shares

No. Not Airtel shares. It is the net gain on the market cap of all shares (including Airtel and all other stocks) on the entire NSE.

ChybuzzDD:


You're focusing on the ones in Nigeria that you guys have succeeded in absolutely corrupting.
Here in the Gulf, they're in millions, very hardworking, trustworthy, law-abiding, not given to the get-rich- quick syndrome that most Nigerians are bedevilled with, and are hardly linked to any crime.
Compare that to the Nigerians that are far fewer in number, yet noisy, proud, lawless ,unreliable, and are always involved in one crime or the other.
If a Nigerian borrow money from you here, you'll never see it again, unlike these other guys.
I don't think there are other humans like our Nigerians on this earth.

I think they adopt the "When in Rome behave like Roman's approach "
Nigeria is a corrupt ridden useless entity
So to succeed in such environment
You have to "play the game "

Nigeria is the country I know that the system PENALISE you for wanting to do things the right way.
If you doubt, try getting your driver's licence or international passport via the "normal expected way"
Come and tell us the story later

Or try to seek building approval from the Lagos state ministry as it should be done
Let's see how it ends
So they are here and playing by the rules we set.

They have their businesses everywhere
You cant tell me they do brazen malpractice in Britain for example

Grupo:


Please, what's their current rate now?

Or are you implying that one's capital and interest are no longer guaranteed with them?

I am surprised anyone can believe that a fixed income fund can guarantee 7.5% returns in a market where yields on safe fixed income securities are at all time lows. What securities will they be investing the money in to guarantee people 7.5%? It makes no sense in the current low interest environment.

DexterousOne:


I think they adopt the "When in Rome behave like Roman's approach "
Nigeria is a corrupt ridden useless entity
So to succeed in such environment
You have to "play the game "

Nigeria is the country I know that the system PENALISE you for wanting to do things the right way.
If you doubt, try getting your driver's licence or international passport via the "normal expected way"
Come and tell us the story later

Or try to seek building approval from the Lagos state ministry as it should be done
Let's see how it ends
So they are here and playing by the rules we set.

They have their businesses everywhere
You cant tell me they do brazen malpractice in Britain for example

India is a very corrupt country. You can’t get anything done in India without cutting corners, bribing or using contacts in high places. Don’t say they learn these things in Naija. They are ogbologbos in their country and just blend naturally in Naija as everything in Naija is as it is in India. This is why they are able to do very well in running businesses in Naija.

DexterousOne:


I think they adopt the "When in Rome behave like Roman's approach "
Nigeria is a corrupt ridden useless entity
So to succeed in such environment
You have to "play the game "

Nigeria is the country I know that the system PENALISE you for wanting to do things the right way.
If you doubt, try getting your driver's licence or international passport via the "normal expected way"
Come and tell us the story later

Or try to seek building approval from the Lagos state ministry as it should be done
Let's see how it ends
So they are here and playing by the rules we set.

They have their businesses everywhere
You cant tell me they do brazen malpractice in Britain for example

No mind these guys.
While in quarantine, I was giving some Indians, and even Pakistanis my ATM card and PIN to help me withdraw money and they did it excellently. I never for one day nurture any fear of any fraud/sharp practice.
And so many of such exhibitions of trustworthiness abound.
If you try that with most Nigerians, you will regret it, unless you quickly change your PIN thereafter.
Most times we only focus on the politicians, but the masses are just as corrupt, or even moreso than some of those politicians.

Lazyyouth4u:

India is a very corrupt country. You can’t get anything done in India without cutting corners, bribing or using contacts in high places. Don’t say they learn these things in Naija. They are ogbologbos in their country and just blend naturally in Naija as everything in Naija is as it is in India. Have you ever been to India?

That is not the point
When you are in an environment
You play the rules by the dictates of the environment

And Nigeria being a fertile ground for criminality
It's no surprise they (well some of them) are playing along
Every bad thing they do here
Nigerians here do it worse

Abuse of staff?
Nigerians gat A+ in that
Owing of salaries?
Jimoh Ibrahim/Dokpesi
Wont say more

Lazyyouth4u:

I am surprised anyone can believe that a fixed income fund can guarantee 7.5% returns in a market where yields on safe fixed income securities are at all time lows. What securities will they be investing the money in to guarantee people 7.5%? It makes no sense in the current low interest environment.

Actually
If the fund grabbed a huge slice of the long term bond auctions that were paying double digit interest rates
They MAY have a shot
In addition to a lil bit of equity here and there

Leezah:
Lol! Indians back home trustworthy, he gives it to his relationship or brother-in-law to run

And his relation or brother-in-law manages it well. In Nigeria, can we say of the same?. People have sent money to parents from abroad to build a house and the money disappears without a house being built.

DexterousOne:

Actually
If the fund grabbed a huge slice of the long term bond auctions that were paying double digit interest rates
They MAY have a shot
In addition to a lil bit of equity here and there

Okay. But is it sustainable? If they end of getting more funds to manage than they used to make those bond investments, they will be tempted to take risks that can backfire.