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Business / Re: Receiving Foreign Payments by S0l0m(m): 12:02am On Apr 21, 2021
BlackCastle:


No it’s not registered.
Just freelance.
Any way out

You can open a business PayPal and verify it with your Nigerian credentials. Then you link it with Fiverr or upwork for your freelance business. Once you get paid, you can send the money to flutterwave and then cash it out. But you need to have a registered business in Nigeria to become a verified flutterwave merchant.

If you cannot get flutterwave, I can help you get the money out, as I am a flutterwave merchant. But the payment has to be from a freelance website.

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Business / Re: Upwork Billing;payment For Hiring Needed by S0l0m(m): 11:58pm On Apr 20, 2021
hexzelle:
Straight to the point, In need of someone who can help in paying for a hiring on upwork, tried using Nigerian debit cards of different banks( GTB and Zenith) with no success, and also tried using paypal from Nigeria too.
So anybody who has done hiring on upwork recently, How did you do it?, And anybody who can help with the payment method is welcome( as long as you agree to use an escrow).
Thank you for your time.


Why not use barter by flutterwave? You can create a virtual dollar card with just $2 in fees. The dollar card can be used on many websites (not sure if it would work on upwork).

But If you have a registered business, you'll be able to create a U.S. dollar card that works on all websites. You'll be charged just $0.5 in fees.

I'm a verified flutterwave merchant and can help you create a virtual debit card if you cannot do it yourself.
Business / Re: Receiving Foreign Payments by S0l0m(m): 6:00am On Apr 20, 2021
BlackCastle:
Good morning all. Please I’m curious as to the best ways to receive payments from abroad for services rendered. Since paypal which is widely used is not available in Nigeria.

Your inputs are needed and greatly appreciated.

Is your business registered?

You can use UAE PayPal and verify it with your Nigerian details. Then you link it with your flutterwave merchant account.
Travel / Re: Is Accra, Ghana Okay For Someone Not Looking For Job? by S0l0m(m): 9:54pm On Apr 10, 2021
ugom123:
With the rising Insecurity in Nigeria, is it okay to move to Accra, Ghana for a person not looking for job. Here in Nigeria, I earn between 350k to 450k monthly. And I will be completing my front-end development training soon. I work fully online as an animator. I am considering leaving before the end of the year.

I sincerely want to remain in Africa to build my tech business. I know that the earning is not much for now but will be increasing my income by the time I complete my current training. Is Accra okay: Security wise, education, civilization and health?
The gun shots I heard last night at my place scared me to my bones. Nigeria is truly in a complete mess.

It is a pity that our leaders have destroyed this country with looting, nepotism, wickedness and foolishness. I don't see this country rising again. I don't even want to talk about the rate at which people are kidnapped and raped on high ways and villages.

Ghana isn't bad for a start. As long as you mind your business and stay off Nigerians causing trouble there, you'd be fine.

The plan should be to move to Ghana as a means of getting clarity for your next move. Rent is usually paid monthly, so you can't be tied down.

I advise that you make the move once the borders are open. If it doesn't work out, you can always come back to Nigeria or move elsewhere.

1 Like

Travel / Re: Is Accra, Ghana Okay For Someone Not Looking For Job? by S0l0m(m): 9:50pm On Apr 10, 2021
See how some f00lish donkeys just scattered this beautiful thread. Arguing about what doesn't have head and tail.

I don't know when grown men became women, arguing like sissies.

If you don't any advice to give to the op, kindly pack yourselves to one thread and continue your baseless argument there.
Business / How To Make 2k Daily As A Student In Nigeria by S0l0m(m): 3:49pm On Feb 06, 2021
Most students of tertiary institutions in Nigeria would do anything to earn 2k Naira daily. That is a respectable 60k Naira per month. For many students in Nigeria, that can go a long way in helping them pay their bills and live a comfortable lifestyle while studying.

If you’ve ever heard of the acronym “study and earn” and you want to be a part of those that will benefit from it, then this article is for you.

There are many students who don’t believe that they can earn money while studying in school. There are many reasons for this. Some students do not want to be distracted from their studies. Also, some students do not have the required skill to get a respectable job while studying at a tertiary institution.

But what if I told you that you can make money on the side without too much effort or distraction from your studies and school work? What if you could just put in 2 hours per day on weekdays and 4 hours on weekends to make 60k Naira per month?

It is possible. You just have to know how to manage your time, get the required skill and resources, and believe that you can do it. Everything you need to start making at least 2k Naira daily lies below. Who knows, you could even make more than that if you find something you can do really well with minimal effort.

So, without much ado, below are some of the many ways you can earn at least 2k Naira daily as a student in Nigeria.

Read: https://bizvestor.com.ng/business/earn-2k-daily-student/
Investment / Is This The Best Way To Invest 200k Naira For Maximum Profit? by S0l0m(m): 10:01pm On Jan 04, 2021
There are many ways to invest money in Nigeria, and there are many ways not to invest money in Nigeria.

If you have the sum of 200k Naira lying idle in your Nigerian bank account, and you want to invest it for reasonable returns, what comes to your mind?

Majority of Nigerians would first think of banks. After all, that is where they keep their money and even though there are many issues with handing your money over to Nigerian banks, one can’t deny that they are the most trusted customer-facing financial institution in Nigeria.

So, what are the options an investor has with a capital of 200k in Nigeria?

Savings Investment and Fixed Deposit

Stocks

HYIP and MLM Schemes

Liquid Funds

A Different Kind of Investor
While the aforementioned investment opportunities are good enough for the average investor, there is a different kind of investor who wants to go beyond the average market ROI, to get more returns for their capital.

These kinds of investors do not only want to have their investment portfolios written on paper or on the screens of their computers. They want to invest in a brick and mortar business where they can meet with real people and monitor the day-to-day progress of their investments.

They do not just want skin the game, they want ownership. They do not just want ROI, they want cashflow. For this kind of investor, the ROI doesn’t have an expiry date. They continue to earn on their investment as long as the business continues to operate, and until they decide to exit the business.

The success or failure of this type of investment would usually depend on the kind of structure put in place not only to hedge the investment, but to ensure legitimate use of capital.

So, while you might have heard of investors investing their money in Nigerian businesses listed on the stock exchange, it is also possible to invest in lucrative Nigerian businesses that are not listed on the stock exchange.

Investing in a Nigerian Business
The truth is that 200k may be too little to invest in a Nigerian business, but it is a good start to test the waters. You can invest in a small business with potential to grow a sector of the economy and bring huge profits in the future.

You just have to have the eye to spot a good deal and put the right structure to make the business thrive.

So, what are the steps to investing your 200k in a Nigerian business?

Find an Industry of interest

Find your scale of opportunity

Talk to Many Different Businesses

Choose a partner you can work with

Create an MOA

Hedge your Funds

Conclusion
It is important to know that true investors do not entertain any anxiety over making returns on their investment.

Despite the fact that you want to keep your investment growing and above the raging inflation, the goal is to ensure you do not lose your money.

Investing 200k is a good start, but you must ensure that you invest at the right scale. Don’t be too ambitious and throw your money into the HYIP whirlwind. It is better to own 50% of a fast growing business with huge potential than 0.5% of a saturated stock of a company you don’t even know where it exists.

Whatever route you choose, your investment portfolio needs to be as liquid as possible so you can quickly cut your losses or take advantage of new profit waves. You need that sort of flexibility to be able to divest and keep your funds growing.

Read the full article here: https://bizvestor.com.ng/investment/invest-200k/

2 Likes

Investment / Most Popular Types Of Bad Investments In Nigeria To Avoid At All Cost by S0l0m(m): 9:26pm On Jan 04, 2021
Investing in Nigeria is not for the faint-hearted. Anything could go wrong, and this is made even worse with the poorly structured corporate and legal systems.

If you want to invest your money in any business or investment scheme in Nigeria, then you should first invest in your financial education. This is not school talk. This has nothing to do with whether you studied business administration at the university or not. You have to invest in knowing the investment terrain in Nigeria and how it operates.

That said, it is very easy to lose your money while investing in Nigeria. So, the essence of this post is to bring to light some of the types of investments you should avoid as much as possible.

Remember, even though the goal of an investor is to make money, the priority is to keep your capital as safe and as liquid as possible.

Let’s take a look at some types of investments that will likely make you lose money in Nigeria and why you should avoid them.

HYIP

Money Doubling

Financial Trading

Gambling

Cooperative Investments

Cryptocurrency Schemes

They are in different forms:

Cloned Crypto Wallets
Fraudulent Exchanges
Fraudulent Crypto Investments
Crypto MLM Schemes

Conclusion
There are many other ways to lose your investment in Nigeria, but these are the most popular ones.

If you can avoid these 6 types of investments, you would have been better than 50% of investors today.

Read the full article here: https://bizvestor.com.ng/investment/types-investments-lose-money/

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