₦airaland Forum

It is well

DexterousOne:
Huh?


Hahahahahahahaha


In a country that only 2% of account holders have more than 500k inside ?
Hahahahahahahaha

Since 2017, I have never kept above 100k in my account, I have multiple of such account across many banks, first bank alone I have dorm, savings and current, I run account for my four kids and one for my wife, I use them for my nature of biz, several hundred of millions in investment houses etc, so that statistics might be right but not accurate, let them use bvn and tell us again that all the business men moving money on daily basis don't have 500k and above in account and they don't make 2% of our population. Not even talking of politicians that bury money underground.

I have seen both climes and I choose nigeria over any unfavorable climate. Spent 10 days in UK 2016 and left the house about thrice, did I pay my way to be watching TV indoors. The weather was bleeped and everybody remained indoors, had to run back because of boredom.

Cyberknight:
I don't believe you have travelled abroad before.
If you can say that its easier for a Nigerian to travel than for a developed country resident, you obviously haven't been to a developed country before.
Not only is it waaaaayy cheaper to travel to most destinations from the developed world, Africa's travel market is the world's most expensive.

Case in point - it costs 800 dollars to fly from Lagos to Nairobi, a 4.5 hour flight.
Before the pandemic, I got a Vienna - London - Johannesburg BA flight (11 hours duration) for a friend for 350 pounds.

And of course, the average developed country resident can pay for all these things with a credit card. And before we develop the usually stupid argument of how in Nigeria "your thing is yours" because you pay cash upfront, note that the western economies would never have developed without credit to enable people to afford big price items like cars, houses etc.

Apart from the fact that this is place one is familiar with, there is NO facet of life in Nigeria that is better than what obtains in the western world. None at all.

The argument is not if I travel or not, that's my biz, if you that travel and think the fares are charged based only on distance then I will not doubt you but will advise you get educated while on Your travel. From my personal experiences, I choose to remain in nigeria where I am a king by all standard. Remain a third class personality doing dishes in foreign land. Each time I travel, I never get delayed and my visa has never been delayed or denied. At airports, have never witnessed excess checks. I don't know why but I know they know my value to their economy and my history tells them I spend less than two weeks each time I reluctantly visit. I prefer my nigeria, the land that God has decided to bless me. I will live in it and enjoy all it's offings. As I type, we are arranging fishes, crayfish and other food stuff for my siblings over there, it's a regular occurrence. We have never received food from them. Do they even have food? Are you still supprise why they are dying like chicken because of covid 19 and we are living lavishly, it's because of what we eat that fortified us. Don't dare compare my dear country to abroad aside that bias feeling that you have achieved something just like those in Lagos feel towards those in Uyo and uyo base feels same for Eastern obolo people, it doesn't mean that someone in eastern obolo is having a life better than some in USA. Each time I travel, I cost my host fortunes as I eat local nigerian dishes all through and its expensive though available. Avoid me, leave my naija and remain for your trump tower

Trayceey:
rubbish. It's people like you that try to discourage people from coming so that they won't come and enjoy what u re enjoying. Na lie joor

I be Uyo boy, school within AKS, lived in AKS, working in AKS, never spent 2 weeks outside AKS. I am at home and having fun. Everything you are looking for abroad, I have in Uyo. Look within and make it worth it. Like I keep saying, I have met wretched folks abroad and stinkingly rich folks in Naija. So many are stranded abroad and can't come home. If you have opportunity abroad, go for it but don't believe it's greener once you board a plane.

Cyberknight:
More rubbish comparisions.
Responding to this is a waste of time.
I am beginning to wonder whether there really is any hope at all for Nigeria if people think this way, comparing a country that offers its citizens virtually nothing to any other country that does.

It offers nothing but gives room for me to get everything, I mean everything compared to a country that keeps you on your toes and average despite being lazy. My country you have to be sharp to edge out and lazy to slump. Please what's the cost of Dino's latest car, how many people but it in the US? How many people buried equivalent of 800m naira and allowed it spoil in the US? I don't know of you, I have traveled to UK and lives in naija, I know what am comparing. Be sincere, if you are abroad, how may times do you visit your family in naija in a year, that's luxury, you can't frequent your love ones because you can't afford it. Don't tell me you don't love them. People in naija travel frequently to and fro. As a matter of fact, I have never spent 2 weeks abroad, its boring over there with their low quality and ecpensive beer diluted by weather.

drealj:
is not the same

What's the difference

*DON'T EVER CURSE YOUR COUNTRY*

[Copied, edited by KKCool]

*If you don't know how you are blessed, you will think your father's farm is worse than your friend father's farm.*

$1 is ₦500 and so what?
Let me elucidate from my little experience. Can anyone in the US use $1 for breakfast? No!
But in Nigeria, ₦500 will give you breakfast and lunch.

Majority of people's monthly house rent (self contained apartment) in the USA is $1,000 and above... and that is your own 2 year's rent!

Have you ever paid for insurance before? Insurance in the US is $280 and that is almost ₦100,000 monthly.

When last did you pay monthly phone bills? I pay almost ₦40,000 monthly and if I don't, they are going to block my SIM. Your own MTN can be there for months without recharge.

When last did you work on Saturday and Sunday? This I do compulsorily and on regular basis.

*Don't get me wrong, the US is better than Nigeria, depending on which angle you are viewing it.*

Do you want to hear the truth?

*Many people in Nigeria live a more fulfilling life compared to their counterparts abroad.*

Forget about all the packaging on social media and give credit to the good life you are living.

Do you know why Nigerians living in the US always rush back quickly whenever they come home visiting? Because bills are counting and elongated absence (freedom) will put their lives in jeopardy.

If you, as a black person, attempt to emulate the whites, they will kneel on your neck.

Apart from Congo, no citizens in the entire universe enjoy life to the fullest than Nigerians.

You are abundantly blessed but you don't know until you get visa and relocate abroad, that is when you will know that your 8-hour job in Nigeria with free weekend is awoof.
With 8-hour job abroad, you can only pay bills, you need other 6 to 8 hours jobs to save for the future and plan your life.

The truth is that the grass is green everywhere, it's lack of vision greed of our leaders/politicians and the skewed religious practices (which placed emphasis on miracles) that ascended Nigeria onto a myopic tentacle of complete standstill.

*Always thank God wherever you may find yourself. Nigeria is good*

emmaversity:
What are the 3 different forex trading firms?
Thanks in anticipation of your reply.


What are the 3 different forex trading firms?
Thanks in anticipation of your reply.

The town am residing, I know 3 which are MBA, Barafinance and Pipminds a home grown forex trading firm that has been paying for over two years, just open PH branch last week.

emmaversity:
Hi!
am a newbie
Just wondering if you have achieved the bolded?
Thanks inanticipation of your reply?

I got the 30m, against all sane advise I have commenced investing it in forex. Will finish the process as soon as I get to town as the concluding part needs my presence. I did 5m for 5 friends at Barafinance at 20%, we share the proceed 50/50 and I get my capital at the end of two years. 25m is for my mediate family and will need to open account for them and sign some documents on their behalf. Will do that as soon as I get back. I just feel justified wasting that much, 35m in all.

money is only made via risk, the smaller your risk, the smaller your take home, am planning to dump 80m in this forex map across 3 different platforms and expect 15m monthly. something must kill a man, if I fail to invest and it last for the next 1 year then I wouldn't forgive myself, watch it all this years and its thriving. those for or against, you are all doing well. a risk taker will either make or mar his finance. average men are the onlookers.

CAVEAT EMPTOR: ONLY INVEST WHAT YOU CAN FORGO. EVERY BIZ HAS THE POTENTIAL OF SUCCEEDING OR FAILING SO IF FOREX FAIL AFTER SUCCEEDING FOR YEARS, ITS NORMAL. IF NNPC(REFINERY) CAN FAIL THEN I WOULDNT BE SHOCKED IF ANY OTHER BIZ FAIILS IN NAIJA. BANKS FAIL, I EXPECT FOREX TO FAIL ONE DAY BUT BEFORE THEN, ALLOW ME CASH OUT BUT IF NA MY MONEY DEM WANT CARRY WAKA, I DASH THEM.

Stupid is an understatement

Biguyman:
My first roi finally landed after 10 good days

I guess those "fronting for MBA" as you claimed have engaged you the Nigerian way and now you are speaking their tune. Respect yourself, you don't know how many people read your ranting and held back their investment.

Trying to get a private tutor, I earnestly want to understand the workings of my investment. What is the ideal fee I should pay, he is calling 250k for 6 months. Thanks

Not only have they come to deceive us but has also come to destroy our car. Before giving them your car to tamper with, get a substitute

50nizzy:
Before I Forget, the ROI for the second account just landed.

All the wayward grandchildren of Fxmanager that have been making noise here, una nor go sleep well this night.

MBA For Life.

Second account
Thought it's one man, one account?

I invested 5m in ponzi(forex), I knew it's ponzi, I know it will liquidate but don't know when, I checked my financial capabilities to forgo 5m and adjudge myself worthy of such. I crosscheck and accepted my fate, for or against. Am not promoting ponzi but doing something different with my life and money.

Caveat Emptor: please before trying this "at home" consider your ability to forgo what you are gambling with.

Grupo:
There is tbill auction tomorrow. It seems I'll just close my eyes and go for 1 year tenure no matter the rate.

I prioritize my peace of mind above all.

By the way, are there still people here that invest in TB? Or am I about to be the only one?

I invested last in August, Sept I did my forex exploration. My 24th maturity is homeless as we chat. Seeking divine direction as strong thing fit do me. Afrinvest still have 4% and above, secondary market. Been with them throughout 2020

tumababa:
Lol. I had to run to check the day you registered on Nairaland... last month... only a f00l can actually fall for this...

By replying you fell for it, but it's OK because you can unfall and it's not late. If you have been long enough then you would have known that people changes moniker while some even have multiple moniker. Like I advised, please unfall. Thanks

Wickedfact:
Stop arguing foolishly and making a fool of yourself. There was no argument here before you started talking nonsense.
There was a bank called Société Generale in Nigeria. Saraki didn't run a game, the bank was licensed by the CBN. What happened was that they ran down the bank due to mismanagement and involvement in politics.

When we were talking about Société Generale and you were talking about Neymar, I knew you are most likely a teenager and that bank ran down before you were born. No dey argue mumu argument.

You are definitely wicked before the facts, before now, we exercise patience to explain things to youngsters. To me, this thread is a coaching club. We motivate and groom investors, I learnt here. Let's try to educate with patience. I love all,

Comeandcollect:
It is a bank that was being promoted by Cubana Chiestfpriest around May 2020 and they use to offer 20k when you open account with them. They are a microfinance bank and the fixed deposit rates arre ;
30-60 days - 8.5 %
61 - 90 days - 9.0 %
Up to 180 days - 11 %
Up to 365 days - 14 %
They said they are backed by NDIC. I'm not sure how much cover that gives an investor if they default in paying customers, i think the discussion here a few days ago mentioned N500k, someone should correct or confirm this.

Sorry to say this: in my head they seems irresponsible, also in my head it seems they are recycling drug proceeds. All in my head oooo, let the gurus advice.

pesty100:
V bank is paying 14% per annum on fixed deposits, has anybody here done businesses with them before?

Which one is v bank

pluto09:
As a fundamentalist, you spend less time doing stock analysis. You are less concerned with day to day movement of stock prices.
You only get busy when companies release their quarterly/ annual reports.
Most of us on NSEMPA also have our full time job,the most important thing is the interest.

By the way,I also lost money just like many others in stocks back in 2007/08.
By seeking knowledge, I have recovered what I lost in many folds.

Hope you will be available to lecture me when am Ready for stocks, for now am going one at a time

pluto09:
If you can do forex yourself or copy trading,that is not a bad idea.
However,if someone that you can't access his/her forex trading account is telling you to bring your money and is promising a fixed returns on investment, that person is probably not trading forex but collection money from Mr B to pay Mr A .

No matter how long it takes, it will definitely collapse.

Why are you not interested in stocks?
It will give a better returns than tbills and the likes if you are ready to do your homework.

Thanks sir, speculation wasn't my thing, as for stocks, I grew up were fortunes were loss in the 90s on stocks, it's still affecting me but I know I will do critical assessment before trying it. My story is that am not a regular investor, I have a paying job. No time to engage in any other thing apart from dumping money and getting interest or profit and must be capital secured. The forex thing is that I've watched from sideline for too long while boys dey pick. I want take risk. If I don't and it continues the next one year then I won't like myself but if 5m walks, I will console myself which I already did before giving them my money. Even drank to it with my best man who did everything to stop me but like fly wet want die, I still dey follow dead body. Atleast, av contributed to the yahoo world in my lifetime.