stevemims:
Bros, kindly help with the bolded

Lazyyouth4u:

Boss, mutual funds don’t guarantee returns. The markets for the underlying investments determine the performance of mutual funds. Would take that info with a pinch of salt.

Donbrig:
Know why your naira is worthless. This is it �
I had to share this:
*US Dollar vs Nigerian Naira: The Real Issues.*
- Dr Oni Gbolabo
1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically about production of goods and services and the demand of your products in the world market. A confused country that produces almost nothing will never meet up, policies only control your currency not the value of another countries currency against yours.
2. A country where over 500 industries died within 30 years must be stupid to complain of depreciation of her currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example if depreciating currencies and strong economy, China produces and may attract more export with that strategy unlike Nigeria that produces nothing.
3. A country where someone carried $2+billion simply to be shared is already a doomed one in terms of monetary policy and value. A country that produces Dizeani and Bafarawa who spent billion to appease demons. Those money without economic value is an economic poison injected into the system.
4. A country that favours importation over local production is doomed because it creates employment for another country while sacking her own citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me principle of comparative advantage here, it's not applicable.
5. A country that exports all raw materials without adding value is shameless to talk of depreciation of currency, to later re-import finished products of that materials is the peak of daftness. A bag of cocoa will go for like N1 million naira but when it is processed it will worth around N7million. Even farmers who produced raw cocoa can't buy chocolate.
6. A country that deliberately operate banking system that gives loans to importers at the expense of local industries is doomed and should say nothing about depreciation. Most of the loans are given to senators and representatives not industrialists.
7. A country that give loans in billions to agric sector without monitoring & evaluation of such loan on how it gets to the real farmers is a sham. A guy collected over N2 billion agric loan, he bought a jeep, built a nice house and use the rest to import processed pork. Meanwhile, local pork farmers are dying here. Is that not a double tragedy, stressing forex at the same time killing local industries.
8. A country that spend more on few privileged politicians at the cost of the populace who are unemployed should not talk about money depreciation. A country that keeps paying NNPC staff N10 billion as salaries every month when a single drop of petrol was not processed shout shut up about depreciation of currency. Crime is rising as value added to the initial failure.
9. A country where it is difficult for investors to register businesses because of the governent officials demanding for bribe. Right from airport, to hotel, to minister to governors investors will bribe, all these are part of cost of investment. A friend brought investor on estate development just for the state commissioner in charge to demand 30% of the investment. To see the governor in a state will cost you N2 million as bribe before you can be scheduled. This is a state as poor as anything.
10. A country where the cost of travelling for treatment abroad by officials will build world class hospitals should not talk about naira against dollar parity. Money taken to that trip is part of stress on forex. Same as forex spend on pilgrimage, let religion fanatics keep off me here. Without going to Mecca or Jerusalem you can still make heaven. You waste forex on pilgrimage to later be talking rubbish about forex.
11. A country where few people have access to federal reserve and those few can get loans are not because of what they can produce but the connection they have, is that country not gone already?
12. A country where we import what we produce because it's cheaper over there is gone.
13. A country that has arable land, teaming idle youths and still complain of hunger should not talk about currency depreciation. It's annoying.
14. A country where free money flows can never control inflow and outflow of forex. Imagine someone who wants to hide his loot went to Aboki to buy dollars worth $50 million just to hide it in the basement of his house. That money has no economic value yet it deprived those companies that need it to import raw materials, those companies go to Aboki to buy at exorbitant price.
15. A country where a strong bank owners can influence shares from within Stock Exchange room to inflate their shares worths from N20 to N150, crash the same share to N30 and ready to buy it back at N28 all within a year. Forget it, currency will never appreciate in such economy.
16. A country where banks are involved in round tripping and inflated cost to siphon money is d

ositadiima1:
I tried to be as polite as I can. Lazyyouth or TransAtlanticEx wouldn't be as patient with you.

Lazyyouth4u:

Guy abeg leave Lazyyouth out of this. You know deep down why you are being patient with her. My guy you know why and trust me she also knows. Let’s just leave it at that...

ositadiima1:


I heard she is dark and pretty like that, maybe, who knows, I can hit that, someday.

stevemims:
Bros, kindly help with the bolded

ositadiima1:


I heard she is dark and pretty like that, maybe, who knows, I can hit that, someday.

Iogobenz:
Nna na me first dey the queue to lap this banny ooo,and you know she is from anambra.
I should hit that first,unto nepotism levels.
Ehen,wetin make all MBA offices dey dey crowded these days for PH?
People want forcefully retrieve their funds abi wetin?
See what I saw today at waterlines...
Forgive the unclear picture,my car is heavily tinted.
But this picture don't paint the real picture,cos they were clustered around there like sardine.

ahiboilandgas:
no be RayRay I sight so? Hope say him to collect this roi abi ruin dem dey call ..am

Iogobenz:
Nna na me first dey the queue to lap this banny ooo,and you know she is from anambra.
I should hit that first,unto nepotism levels.
Ehen,wetin make all MBA offices dey dey crowded these days for PH?
People want forcefully retrieve their funds abi wetin?
See what I saw today at waterlines...
Forgive the unclear picture,my car is heavily tinted.
But this picture don't paint the real picture,cos they were clustered around there like sardine.

ahiboilandgas:
no be RayRay I sight so? Hope say him to collect this roi abi ruin dem dey call ..am

Macktaob:

You disappoint at times!

ahiboilandgas:
no be RayRay I sight so? Hope say him to collect this roi abi ruin dem dey call ..am

awesomeJ:


No now.

The 30m figure is per annum.

I assumed we were talking in terms of annual pay.

Lazyouth don vex!

I didn't mean per month now.

I was referencing where ojesysym said 4m per month was huge.

RayRay06677:


Bros, I try not to bother you guys with alert here, the crowd is as a result of the migration, office base client are asked to move to online mode where you control your account, I got paid as expected, my 1m in MBA dropped yesterday and it's pending my withdrawal. The problem am seeing here is that anything you don't understand the working is scam to you but take a few step in learning this stuffs for fun, it will shock you that it will become your source. I don't have time because of work, am learning but not at the pace I wish. I don't understand it for now, can't call it scam but if it's scam, so be it. For now, am cruising alerts.

igbizen:

30M per annum is too small my dear. Wetin for manager level?

Lazyyouth4u:

You are actually giving me advice on passive income?? Hilarious . What do you know about passive investments??

When did you finish school? When did you start investing? And what is that stock that earned you your first dividend ‘years ago’? I’d really like to know.

Ps: Betting doesn’t count as investing o

awesomeJ:


Too small?

I would say it's not o.

2.5m per month.

only area manager in banks, managers in big telcos (just 3 or 4 depending on who you count), and experienced level IOC staff.

some managers at NB, Nestle and CChellenic, and co make less.
Bank branch managers too.
professors and most doctors too.

Maybe just 5% of the c. 10m pension contributors.

ojesymsym:
Who dash professor 2.5m per month? You want to kill fg? Try that nonsense and all lecturers go become professors overnight?

awesomeJ:


Went to around 450k during Yar'adua.

I think it's still between 500k-700k currently.

Perhaps even less for those at state institutions.

But they run multiple engagements sha.

TotoNaRubber:
If you can withdraw the N1 million into your bank account within 48 hours, I will personally send you N50k.
MBA forex can upload digital money in hundreds of millions on their platform, it is when you try to send that value to your bank account you will know say toto na rubber.

RayRay06677:


Bros, I try not to bother you guys with alert here, the crowd is as a result of the migration, office base client are asked to move to online mode where you control your account, I got paid as expected, my 1m in MBA dropped yesterday and it's pending my withdrawal. The problem am seeing here is that anything you don't understand the working is scam to you but take a few step in learning this stuffs for fun, it will shock you that it will become your source. I don't have time because of work, am learning but not at the pace I wish. I don't understand it for now, can't call it scam but if it's scam, so be it. For now, am cruising alerts.

Macktaob:

You disappoint at times!

vicuto:
MBA remain the Best. Alert rolling in.... No time to check time. The are fully Back.

TotoNaRubber:
If you can withdraw the N1 million into your bank account within 48 hours, I will personally send you N50k.
MBA forex can upload digital money in hundreds of millions on their platform, it is when you try to send that value to your bank account you will know say toto na rubber.

Iogobenz:
Nna na me first dey the queue to lap this banny ooo,and you know she is from anambra.
I should hit that first,unto nepotism levels.
Ehen,wetin make all MBA offices dey dey crowded these days for PH?
People want forcefully retrieve their funds abi wetin?
See what I saw today at waterlines...
Forgive the unclear picture,my car is heavily tinted.
But this picture don't paint the real picture,cos they were clustered around there like sardine.

igbizen:

Table shaker

Suncam:
Your people Don carry this Mba forex madness enter treasury bill section.