mikoloson:
Wicked Nigerians. This can't happen in the US

Actually, problem is this can and does happen anywhere. It's disgusting

US that they can randomly kill just because of race or religion! Or go to a school and murder children!
The idea is not to generalize and speak in absolute terms.
There is too much pure evil in the world, but there is also a lot of good! So lets also try to shine light on good! RIP to the lady!

Excellent point!

Officialgarri:
We are the largest producer of yam simply because we were not stupid enough to start importing yam.

If we put the same energy into banning importation of rice completely, then we will be self sufficient as well.

airbrush:



i swear nairaland zombies are not human ! how can a human being thinks like this !!!!

just imagine this logic

It's ok. Nairaland is just a place for many to unload... I understand. Once in a while though, if you try, you might learn something.

beresponsible:
If na you nko?

Exactly... no mind them. How won't you be fresh if you're living in Aso Rock, flying private Jumbo Jet. As long as you're working... its ok.

Wokenaija:
Buhari is up to something, it’s a pattern with most dictators when he wants his third term all the boarders will be closed, there will be serious need for money since he has sent everybody into hiding. The Third term will happen and Nigerians will allow it .

You can't honestly believe that.

The trans-loading thing is true though. I shipped in a Mercedes from Canada and the shipper advised me to put "in transit to Nigeria via Niger" on the container. I told him no, it's going to Nigeria. Tin-Can to be exact. Like other cars I've shipped before. He said no, this is how I'd save money. I told him to please ship to Tin-Can. Not even realizing I was saving myself customs wahala. My business partner shipped his almost brand new camry through Niger. The bumper was missing by the time it got to Abuja. They "race" the cars through the bush avoiding customs. We had to be buying shock absorbers, lower arm etc for an almost brand new car. Plus he can't travel with the car now because of customs. Not that I was smarter than him, I was just lucky.

SolarForce:
Lmao! How come we are all not being arrested

lol That's hilarious!

It's all relative. The issue is not the debt, the issue is that the money borrowed should be used for what is was borrowed for. It's like, there's nothing wrong with taking a bank loan (mortgage) to buy a house, but if you then spend it on vacation and cars... that's a problem. So accountability and fiscal responsibility is the issue. If look HERE you'll see our debt profile is not that bad. You'll need to scroll down..

Odd shape! Called the Cyber Truck
https://www.motor1.com/news/383777/tesla-pickup-truck-cybertruck-debut/

MYGRATEskillz:
From the over 1600 unmanned border posts...

A moment of silence for this dead joke

Read the article again...

Too much negativity in Nigeria. All countries have challenges. Even the beloved US and UK right now. But the population is patriotic and willing to make things better. If you the people don't think anything good can come of the country, only then is it truely doomed. You complain of corruption. You complain of the institution to fight corruption. If you don't like the way they're doing it, join efcc and fix it.

johndan103:


Thanks!!

This is by far the most interesting advise so far.

That's because it's the truth. It's your life. Be respectful but FIRM with your mom. Your wife DOESN'T need to have a relationship with her. It's your mom's choice if she wants to be in YOUR future, to hopefully see grandkids. And NEVER discuss your relationship with people you know. Good or bad!

twnklshop:
It is very likely this directive would not be completely followed.

The article says it's been followed by about 90%.

Only the Borno Gov didn't use his seatbelt

You can wind down then lol

meetmonde:
Not impressed by the look of the side glass after being shot at...

Ask the Civil servants. Under wada, salaries were being paid!

enemyofprogress:
Eyaaaaaa so he loss the march

Chisos!!!!!! wonderful lol

Ok. So not for legitimately owned lands. Like those old colonial homes in Ikoyi. They'll have to renew for you after you pay due fees? The lands are worth a lot now and just want to know no one can play chwa chwa

BabaOwen:
You don't understand me, most of the lands in ijebu lekki belong to the Lagos state government, is for the government and is not for sale. When they have plan for any of the land(like what is been done at the lekki free trade zone), they will evict everybody there without paying compensation or even give you time to carry your loads.

Those lands belong to the government, but when you build on it they won't stop you. But just have it in mind that the buildings can be destroy anytime the government want.

Well... thats a terrifying thought! But this is if it's in the public's interest right? Like in the way of rail or powerlines. They can't be greedy in Alausa and "chance" you of your land? Can they?

BabaOwen:
Yes, Government can decide not to renew and take over the lands.

Hello all, please I have a question. Lagos State Federal C of O's have a leases term before expiry. Usually 99 years I believe. Some of these lease terms are coming due in a few years now. Does anyone know what happens when the lease is over? I know you have an option to renew. Does anyone have an idea of the rate, say per square meters, eg in Old Ikoyi? Can government decide not to renew and re-take the land?

I'll appreciate some insight please.

Thanks in advance!

Up exactly... the 2000 model

Hello..

Anybody?

Hello all, please I have a question. Lagos State Federal C of O's have a leases term before expiry. Usually 99 years I believe. Some of these lease terms are coming due in a few years now. Does anyone know what happens when the lease is over? I know you have an option to renew. Does anyone have an idea of the rate, say per square meters, eg in Old Ikoyi? Can government decide not to renew and re-take the land?

I'll appreciate some insight please.

Thanks in advance!

Kai, mathematics is so sexy

Anyway, that's good advice. I think the main thing with these investments is to know there is no one best answer. You have to build your portfolio based on your needs and risk you're willing to take.

On average, is it safe to assume EuroBonds are 8% p/a on average?

RealityShot:

Do the maths:
Treasury bills ~ £90000 x 465 = N41,850,000 x 0.125 = N5,231,250

Eurobond ~ £90000 x 0.08 = £7200 x 465 = N3,348,000


Which do you prefer all things being equal?

100% accurate

Pascopele:
Nigerians actually enable and reinforce bad behaviour.

Someone shunts a queue & gets to the front and is attended to anyway instead of being sent back.

We are more likely to scold the person asking for the right thing to be done than the person doing the wrong thing.

Ok. Please let me ask a question because I like to be 100% sure when it comes to money. If I was investing in T-Bills say at 15% N37M (approx $100,000 for arguement sake), I'll be getting effectively the same returns but in dollars if I took $100,000 to the eurobond market and did the example you gave?

ernie4life:




let me give you an example.

Ernie4life Eurobond is trading at a Discount of $95 dollars and pays a coupon of 10%.
So; to buy a 1000 units you paid $95,000 instead of $100,000.
lets say you hold the Eurobonds for just 1 Year.
at the end of the year you get a coupon of 10% of $100,000 which is $10,000
and still upon maturity they pay you $100,000 instead of $95,000 which was your cost.
In total you made $15,000 from this euro bond which is the offer yield, which is 15% of the bond value of $100,000

i hope i made sense

Just got in from Ilorin yesterday. There is a palatable sense of political tension in the air. There is also a very audible growing voice of discontent with Saraki. Enough to remove him? Not sure. But it's there and growing.

MCeemajesty:
Considering the volume of 1m (which is <50m min. bid volume in the treasury bills primary market auction as stipulated by CBN),you will be availed a secondary market rate at below 11%pa on treasury bills. My advise would be you go for a Fixed deposit with an investment house or Non-bank financial institution that invest in risk-free instrument(money market). Hope you find this helpful

Excellent advise.

Hello all, I've been following this thread passionately and would like to thank all the gurus that have helped so many of us. I have a question, is there a maximum that can be invested in T-Bills? I don't mean unreal amounts, but if one had access to say N2B, can you lodge that for a 364 day term lets say? Either on primary or secondary market?

Enyinne:
Pls can someone help me calculate 5m invested for 5yrs on compound interest at the rate of 15% being constant.

At 15%, compounded investments almost double every 5 years, depending on fees and taxes.

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php