abraolas1:


SAFE Investment

1. FGN Savings Bond

2. FGN Bonds

3. Fixed Income Fund( United Capital InvestNow)

4. Money Market ( United Capital Investnow)

5. Overwood ( Do your research Pls, But i have been using them for more than two years now)

Rate can be low but you are rest assured that your money is safe and secure

These Above are the ones that i am currently doing Stocks ( US and Nigeria ) included .

DO what you understand best and take time to learn about it before putting your money

Best of luck

Nice one.
Pls do well to share the minimum amount required too.

samobaba4u:
Please urgent
There's one curve rod that front linkage is attached to like that. It just got broken in my car corolla 04. Kindly relate if u know how much they sell it? Thanks in advance

That's the steady rod I think. It should be around 5-7k. This price is for last year October when I changed mine.

Hope u know that quoted price now has to go with date.

Most importers and their agents may not also be aware of the Federal government’s new tax regime, through the Nigeria Customs Service (NCS) will begin the implementation of the new Supplementary Protection Measures (SPM) for the implementation of the ECOWAS Common External Tariff ( CET) 2022-2026.

The Federal government has granted 90 days grace for all importers to clear their goods from the ports, while the new tariff and tax regime takes effect from June 1, 2022.

@Adman, does this apply to imported cars aswell

Then the internet is a nightmare to Nigerians.
For eg, when there was no internet banking, banks paid there cashiers, they had more staff, and they paid higher interest rates on savings upto 5 to 10%.

Now with internet banking, you pay for sms alert, ussd code, ATM fee, ATM maintenance charges, internet rate on savings is 0%.

Before schools adopted computer, they had more staff that will collect and collate application laters, then you pay for forms and school fees after being admitted
Now with computer, there are lesser number of staff, you pay for computer, internet , processing fees, acceptance fee (as though you are not the one that applied) and other fees required above.

[quote author=ositadima1 post=111423281]

I am yet to understand or see were it was stated that the VIN valuation system will triple the clearing fees.

From a few googling I learned that it was introduced by the customs to speedup vehicle clearing. Given the vehicle identification number, the computer will extract several informations like make, make year, region etc and use it to generate clearance fees automatically.[/quo

yinkaoke:
Thanks for the education, please any link on this as l find this unreasonable or are they trying to discourage us from using 2nd vehicle and by extension promote made in Nigeria cars?

.

Mmmm. The policy in Nigeria are not always made public. It comes as rumors until they start implementation. This is because if made public, there is be threats for strike etal.

In 2012 it was just made rumors before the fuel increase.

I believe it will may come for us to understand.
Check below.
https://tribuneonlineng.com/vin-customs-clearing-agents-truce-meeting-deadlocked/

Below is extracted from it

But our argument now remains that a 15 years old vehicle, for instance, has a N2m worth of value, cost, insurance and freight. Under the normal settings internationally, there is depreciation of vehicles on a yearly basis.

What it's means is that minimum clearance fee will be in that range.

JavaSQL:
It has been cheaper to use bank notes of Venezuela to wipe your ass than use tissue paper.

This is how much you need to buy just one role of tissue paper.

Naija comes to mind

They have crude oil just like Nigeria.
Their politicians sell the oil and move the money to other European countries.

But unlike Nigeria, petrol is almost the cheapest article. Everybody can afford it so well and so comfortable.

yinkaoke:
@ Risin, please what is new policy on importation ?

The policy will likely increase the cost of importation by 300%. They want to make vin payment online. What this means is that once your new vin is type on the system, the new actual price you are to pay will pop up based on your vin.
Eg Corolla 2003 (poor men car) that cost around 450k before now to clear will now cost 1.3m

BlueAir:
Which car can u get with 300k. Not looking for cruise but convenience

The truth is that any car you buy less that 1m now will be very problematic. Hence you will likely spend 4days every week in the mechanic to keep it on the road. I hope u understood my point.

Also remove the mindset that you will repair it once because mechanics does not manufacture spares. And In the auto market, they will loose from A and sell to B wash the one from B very well and sell to C and the cycle continues. This is why you will buy a direct bulguim throttle mouth and the sensor will be bad. Go and buy the sensor, they will tell u that it's not a matching type or that you need to program it. Ask the mechanic to buy, he will replace from store with faulty one collect your money and tell u that you need to replace the engine. The story is on and on.

Unless you are a mechanic, do not go for that.

Come to think of it, in 2015 Corolla was sold at 900k. In 2017 it was sold at 1.6-1.8m. currently it is sold at 2.4m. with the new policy on importation, it will go to 4m by next 3months.
Same with other vehicles.

God will help us in this country.

Professorola123:
Pls someone needs the fairly used body of this kind of motor, its urgent... Just the body

Can he pay a clearance fee of 1.2m

Hamachi:
Stop misleading the public, crypto is not banned. CBN banned financial institution ONLY. You can join m y c r y p t o n g on telegram

Baba telegram I hail ooo! Ndi crypto telegram.

Currently u are running ur crypto company on telegram, is it not enough to raise suspicion that it's not legit?

How can you compare buying dollar at about 400 naira official price to buying it now for about 580 naira black market.

Also once there is traces of crypto currency to ur bank act, ur act will be blocked.

Mohzus:


Compounding factored in ?

Even if u compound it, the interest is so small that it can not be equally to 3 time the main money which will be equivalent to 18k now.

If some one had told you that about 20 yrs ago, precisely in 1999 when we accepted democracy, a dollar was about 20 naira. And popcorn was sold for 50 Kobo. Now a dollar is about 600 naira and a popcorn is 100 naira. This is about 200 times increase and also 20000%.

petaling:

Man you are so funny, I couldn't help my laughing out loud reading the bolded. Pa Emma was trying to explain that saving 5K consistently by buying bond can make you be financially stable over a long period of time. Example, assuming you are 20 years old, buying 5k bond weekly or monthly till you are 40 years old will likely give lump some to buy land, build mini flat, marry wife, marry second wife and care for other expenses. The keywords here is CONSISTENCY.

My dear it's not possible!
5k per month for 1yr is 60k.
For 20yr, it's 1.2m

By that 20yrs, the minimum currency will be 10k note. Hence 10k can only buy what 50 naira which is the minimum currency now can buy. I know you may be thinking of the WHAT ABOUT THE INTEREST but it can not equal the main capital.

Naira would have depreciated by 200%.
You then 1.2m will be equivalent to 6k now,,,,(any way you still have something).

If not for the ban of crypto, the best investment would have been to buy usdt from binance at 7% per annum. Even though the interest is low but inflation will not affect it much since the money will be in dollars.

I like your explanations. It's well detailed and nice too. But you are giving remadies to the wrong people. The people that can implement them are not on nairaland.

jedisco:


Hehe.... You answered the question... What's more detrimental is that the new money is not being tied to capital expenditure or productivity rather, it's spent to keep borrowing rates high.

Of course, buying government debt of a weak currency can many times be detrimental unless macroeconomic measures have been put in place to reverse inflation. Foreign portfolio investors who rushed to buy CBNs TBs in 2014- 2016 cos of the 'juicy rates' we're burnt badly. Most were practically begging to leave with about half of their initial investment.

Regarding solutions, a number of things can be done
1. Government waste needs to be cut down significantly, this will allow the masses accept tightening measures down the line
2. Petrol subsidy removal/Dangote refinery- self explanatory
3. Borrowing rates should be cut down to help stem inflation. Bond rates shouldn't chase inflation.
4. New money should be tied to production
5. The tax base could still be improved in sensible ways....

sedulus:
This Machine still Available for sale in Ibadan ,Oyo State Nigeria

Please confirm if its still available and your contact

Tobex4realTobex234:

What happened to Forex trading. Is it also banned?

[quote author=TheRareGem1 post=98781631]

CBN is our financial regulation and we have legal tender...tell me which country or countries that accept crypto currency as legal tender, I want to le

livinbygrace:


They ban crypto in Nigeria,for any smart guy,enter Cotonou or Ghana and do your thing then wire the money back to your account .Na now those countries go make better money from Nigerians

You are 100% right. Just watch how $1 will equal 700 naira in the next 6months.

amdman:
Welcome to Nigeria

Mercedes Benz C230

This is the one I want. How much.

7

please do any one know about iron trade. i understand they trade in naira aswell.

Please confirm that the interest are not paid upfront. So they told me

Desanta:


I'm using the app. It's OK but I think the publicity is not good enough and I don't want to be doing that job for them.
They are in collaboration with sterling bank.

Bad Maths, 32.25?,

Bro u are wrong, may be u calculated with 800k instead of 8m.

C4Ltd:


Bro you making sense o.

but why did you calculate rate on 8m instead of 10m

"He got 460,000 on 8.265m in 63days. Guess what yield that represents a whopping 32.25% p.a. If in doubt, please do the math, and let's see what comes up."

Her investment was 10m and that should represent a whopping 26.6% abi?

Landlord don suffer!!!!

But I think the best is that he should be bold because that will make it faster. Its his money !!!

NL1960:


Just write a letter to them saying you want a pre-mature termination as some urgent pressing needs came up. If by chance your account officer decides to ask you one-on-one the real reason, just tell him/her say Landlord wan pursue you comot for him house and also dem wan pursue your kids comot for school and stop them from writing their exams. QED.

Pre-mature termination na almost immediately. Once money hit your account, just go back there or go to another branch and ask for secondary market rates of TBs.

Simply multiply ur principal by 1.15. That will give u ur total revenue per yr. Multiply again by 1.15, that's for the second yr n so on

Enyinne:
[Thank u sir . I appreciate . If i can know how to calculate it ,i will appreciate it also.

author=munezo post=62770909]I will advise you buy TBills for them. Re-invest the upfront interest in TBills too. When it matures, buy TBills again. Do this consistently for the next 10 years and thank me later.

cyberwaver:
Guys who is using stanbic for Tbills... I don't know how they are charging their own..

But someone did N5M with stanbic but they deducted like 480K+ and they left the remaining in his account, I just want to know are they going to be paying the interest monthly because I don't know how 10%+ for 91 days tenure will be N162K for 5million N
aira.

The guy is angry, I just want to know whether its normal for stanbic users maybe I can explain more to him.

I await your replies guys.

please its high time we became good and sincere citizens of this great country.
10% of 5m is 500k
91 days is 1/4 of 1yr.
500k*1/4=125k.
he was paid 162k instead of 125k ( based on what u shared here)
please advice him to be a good citizen and return the excess of 37k. please let us together make our country better.

biacan:
Nairaland guys I hope you can see what your mates are doing

Don't be surprised that this 5 bags may not be up to 50 naira.

If this is ur man, I know u will feel like to give him 50 slashes of Cain when he comes back rejoicing that he carried 5bags of cement n was paid 10naira each.

emmanuelewumi:


High interest rate is very bad to the economy, but we Treasury Bills investors are selfish. The higher the interest rate the better for us even though it may lead to businesses folding up , inflation going up and unemployment on the increase.

Can treasury bill high rate affect development like that when bank lending rate is more than 2x tb.

Please who knows where I can get them.

Ijscarface:


yes sir i have 2 wheel tractor call me on 08032605355

This has a huge flywheel, i suspect it is belt driven. Please confirm

Do u have the two wheel tractor. All gear driven.

Good morning all,

The shares that Guinness advertised , is it for existing share holders or can new invertor buy from it.

If yes how can one go about it.