₦airaland Forum

WhiteWood:
Your calculation is WRONG --- Here is the proof --- You describes a situation where your friend invested $200,000 in Nigerian real estate in 2019. At that time, you said the investment was valued at 72,000,000 Naira. Your calculation suggest that the exchange rate was approximately 360 Naira to 1 US dollar 2019. Check it yourself.

To find out how much 1 dollar is in Naira based on the given conversion of $200,000 equaling N72,000,000, you can divide the total Naira amount by the total dollar amount:

1 dollar = (N72,000,000 / $200,000)

By performing the division:

1 dollar = 360 Naira - IMPOSSIBLE

Therefore, based on the given conversion, 1 US dollar is equal to 360 Nigerian Naira. --

you are wrong and do not understand what he wrote...you invest 200k USD which is 72m in Naira @360 as at today the value of the investment is 200million Naira; however Naira has devalued from 360-1500 against the dollar. Hence, the real estate worth is 200million/1500naira which gives you 133k USD the guy has lost almost 67k USD in that investment

Winning123:
You are damn wrong. If he invest in real estate the value of those properties would also be higher now. Has your rent not gone up?

the value of the property went up from 72m to 200m, however the rate of devaluation was higher which eroded the profit he has made. If he wants to divest for instance his initial 200usd is now worth 135usd. He made a loss

deyemia:
If you charge naira, international customers will still source the naira with dollars now

that is the idea, when you start sourcing for Naira with the Dollar then the demand for Naira rises so does its value...

God1000:
Europe and NATO doesn't like him, his second term will bring unimaginable disaster.

He will also embark on a revenge mission straight.

As much as I hate joe Biden for supporting Israel war in Gaza, he's still better than Donald Trump

It was Donald trump that moved US embassy from TelAviv to Jerusalem, he would sent US troops to Gaza if he was the one in office

Trump that is already mapping out strategies on deportation of protesters (people protesting against Israel). He said it that he will find them (ones with improper documentation) and send them back. Gazans should better pray for Biden

PepeXKermit:
And? If you are feeling entitled to FP, go and create your own forum..

I understand your frustrations, you will be fine.

Babangidapikin:
Hmmm na wa o .... Cable says his wife and son with him ...all those years of toiling gone ...my Condolences to the Access Family and Oga Aig-Imoukhuede especially.

The parents are still mourning the death of his sister, the brother also died recently...quite strange

Catapault:
You can say that again.

That is a suspicious death though.

It seems he was targeted.

Please stop all these unnecessary insinuations. No one is getting out of here alive, we all live to die

vanbonattel:
What?

yeah he died in California , his wife and child were also with him all dead

This is a sad day as the CEO of Access Bank plc dies in a Helicopter crash in California USA. His wife, child also died in the crash

February 10, (THEWILL) – A chopper transporting Herbert Wigwe, the CEO of Access Holdings has crashed and killed him as well as about 5 others in California.

Sources said the chopper was headed to Las Vegas when it crashed near a border city between Nevada and California on Friday night. The US government confirmed all on board dead.




https://thewillnews.com/breaking-access-holdings-ceo-herbert-wigwe-dies-in-chopper-crash-in-california/

mastermaestro:
Each time the Israeli governments and citizens watch those clips of celebration, it spurs them to sink their teeth deeper into Palestinian flesh. This retaliatory war has no end. Maybe the next US president will broker peace. As for Biden, Isreal does not regard him.

Trump is coming and he has plans to first deport Gaza sympathizers, the Muslim world should pray for Biden cos Trump had already declared Jerusalem capital of Israel

Kukutenla:
The north are hypocrites. And that is why Nigeria is not a country. To claim Buhari got away with murder because of cult followership is to deodorise the pungent tribal and religious fundamentalism that's at the base of his followership. Most of Buhari's followers in the CPC they formed are clueless, dumb and sectional. Just check out their performance as ministers and heads of agencies.
The only appeal they had in the north was based on tribal and religious ideology and not any superior group interest.

It is also disheartening that after the maladministration CBN went through under Buhari and Emefiele is lackey, Tinubu couldn't get a better fit for the job of repositioning such a critical institution. What's worse is his elevation of CBN above NNPCL which has fared better previously in terms of audit and compliance.
However, it is obvious Cardoso is not running a one man show. He's under the tutelage of Edun. So it's more like the voice of Cardoso but the hands of Edun. And this is not to say I agree with Kperoogi's assessment of him

Everyone in Finance knows that Cardoso is not fit for the job, even if Tinubu wanted the job to go to an Omoluabi, there are sharper and smarter Omoluabis' in Finance and economic planning. Cardoso doesn't have the skills to navigate this murky waters that is why his only rhetoric has been "ensuring the core function of the CBN" yet, we have not seen any price stability.

Jeon:
Abeg r3st. Did they tell you they are looking for marriage ?
.Hardly to see a rich or successful woman crying for marriage because she has what it takes to get a way from *poverty *. Like what Men normal says *Marriage is an empowerment to Women*.
So why will she look for an uplift empowerment, when she had all and all.



Why enbe say nah Men dy cry over Marriage and Women pass?..... Crying over what you claimed to be a man's destructions.



*spit *

I know lots of very of well to do ladies who want husbands. I was in Nigeria last month for the wedding of a former colleague. By all standards she is better off than the guy. Both women and men need each other because after 45 it begins to get lonely

Wawelexy:
Diversity in transition will help solve the traffic jam(rail, waterways and rail)

Your second point does not put the state revenue generation into consideration, money must be made...

Did you just say 'easily fix the road'? Remember he has less than three years to round up his tenure. Leaving a cumbersome project like road isn't advisable (Ambode's case scenario).

Creating a balance in infrastructural allocation to some places within a state isn't a faulty logic sir, the segregation between mainland and island has been from time immemorial, even from the days of the colonial masters... It's fair enough to do it that way

I have been to some good Airports in developed countries and the best suited were those out of the city centres. You have enough space to plan around and get it right. Development will come to meet the airport as long as it is located in Lagos albeit in a "controlled" manner. Lagos is home to more than 20million people you will rake in income anywhere you cite the airport in Lagos axis and Lagos should have about 4 intl airports. Sanwolu cannot even finish the first phase of the airport in 3 years if he begins the project this morning, let alone completing the project. However, I am not right and you are not wrong...what will be will be

Wawelexy:
Ikorodu have enough land capacity for this, but bad road is a major problem here.... Someone mentioned badagry up there, that location will record low patronage due to bad road and far distance to developed area, even tho they also have land mass...

Lekki/Ajah still remains the perfect location when we put generating revenue for the state into consideration.. Proximity to top companies, wealthy people, embassies, 4star hotels is an added advantage, also, it will serve as a representation of tourism and a standard metro transportation system for a mega city like Lagos consisting of rail, water, road and air transportation. Moreover it will be a balance as mainland already had a federal airport at Ikeja.

Badagry will be perfect and what you said is the reason why it is best suited for Badagry. Busy Airports creates traffic and causes rapid development. Lekki axis is already busy enough. Far distance to developed area is good, Govt can easily fix the roads. Controlled development will come in handy. However, the airport will be located in Lekki due to the faulty logic of mainland has one the island should have one

God1000:
Alamieyeseigha once disguised as a woman to escape from UK.

I'm more concerned about what netanyahu said yesterday that Israel will not leave Gaza after the war.

More land-grabbing under whatever guise is completely unacceptable, Israel should withdraw its troops immediately after the war and allow Palestinians to return to their land.


I salute South Africans for their bluntness and for being the only country in Africa that isn't afraid of Israel, we have more sane people in that country

SA can accommodate Palestinians after the war

FFIA:
Only 100 bags of cement na like 400k

100 bags of cement as at early this month was 570,000. 5700 per bag. Today it is around 6400per bag that is about 640,000

Dangote is set to purchase 2million barrels of crude oil (WTI Midland) from the US company Trafigura. This is the first time Dangote is buying a non-Nigerian crude. So what does the crude import mean for Nigerians? Dangote obviously would source for the FX used in purchase these oils. Does it mean that Dangote would sell refined products to the NNPC in USD?

Here is the link to the source...

https://www.bloomberg.com/news/articles/2024-01-29/nigeria-s-mega-refinery-turns-to-us-oil-as-ramp-up-gathers-pace?leadSource=uverify%20wall

masseratti:
why won't you argue online.. Do you know the meaning of full deregulation? Or what the word deregulate means? Simple English it mean no official control of a service, commodity or goods, if government are still using reserves or borrowing dollars to shore up the value of the naira, that means it's not fully floated, if funny floated every one will buy at same rate, black marketers will run at a loss and be out of business just the same way fuel black marketers disappeared.

you still do not understand what I stated up there

masseratti:
Right about what? Who is the dolt that wrote this for arisetv, the man exhausted CBN FX with the multiple windows some clowns are saying he was right after all, do the geometric calculations of the value of the naira when he was appointed to when he was sacked almost 9 years and see why we are in the mess we are right now, for most of you information naira is not fully floated, if it is there won't be anything like Official rate but just one rate that's all.

Naira is fully floated, sadly we cannot have one official rate because FG cannot meet the demand for the official rate hence there will always be a black market

Arobaga:
Make them deny you



And they’ll keep denying every rivers man any opportunity at federal level



Since we all can’t come together and agitate for our own country as rivers men



Jamaica is just 4million people



But rivers alone is over 10million



Let’s get our own country with our sister state Bayesla and see how we would live large like Dubai

when we have Rivers as a country, that is when the Ijaws will start clamouring for Ijaw country, Ikwerre will not agree, Ndoni will reject it and the Etche's will say no, then we will Divide again along ethnic lines at that point the Ijaws will say look i am Okirika you are Kalabari, you are Degema you are Opobo infact let us divide and then we divide again....until every kindred becomes a country

Back then when you get a job you rent a 2 bedroom and a Corolla, now it is just a room ...

DMerciful:
See your legs and hands! Aje kpako

Dont be posting body parts that are not fresh if you wanna spite someone

Lol, she is just a kid, she can be forgiven...

hify9935:
No, this isn't common sense from your part. You sounded as if he would start harvesting whatever he plants now, and stop going to the market. Abegy! How is gardening at your backyard even a thing? Planting pepper and what have you? Smh. The fact is, the major foodstuff we consume everyday cannot be planted in your small backyard like you're portraying.

why are you stressing yourself with a halfbaked and delusional individual with a short range of reasoning. You have made a solid point allow her wallow in her delusion.

Kobojunkie:
Gardening is FARMING. Planting yam or ugwu in a bag is farming. It doesn't cost Naira 20 to do that given that most already have the supplies to do this ready available where they live.

you are trying too hard to sound intelligent but you are not making sense

Kemistri3:
This is my first time of seeing a university advertising lol


Probably even paid Seun or the mods to push this to front-page

Grow up, universities abroads not only do adverts, they have paid campaigners and agents

Ppogbae:
If you plan to japa, avoid these fake, profit farming private universities. No one will ever recognize this crap.

Liar, that was how they sold crap to us telling us private universities were mushroom schools back then, until I got to AFC, and did a bit of consulting that was when i realised that that private school guys are dominating at the top and they were just as good as the guys from federal schools

Armaggedon:
yea, that's actually what universities are. They are a place for advanced learning. Your comment is actually a pass mark.

Btw, I'm happy the East is now investing in private universities.

The first private university in Nigeria was established in the East

AKWATGOLD1:
Have you been to lagos by road. If yes, when you get to Ondo State axis, you will see this kind of banana for shikini money.

you are still leaving in the past go to Ore and see things for yourself

Geovanni412:
Go and talk to your lawyer

In fact, go to court and drag with the landlord on the issue

I am a landlord and I do not subscribe to sharp practices

Helpfromabove1:
Oga August is correct

Sept to August is 12month

You are confusing yourself self with sept 17 date not knowing the agreement is saying sept 1 to August 30 now there is a fight over 1- 16th days

Finally check the tenancy agreement you signed that the referee


Note your tenancy does not start counting the day you made payment as people usually assume, the tenancy start counting on the date agreed and written on the receipt and on the tenancy agreement

you are wrong because if I make the next payment in August then subsequent payment will be in July and the next will be in June. You are guys are just being unreasonable

Geovanni412:
Don't you have tenancy agreement?

It is September to August, that's how we calculate it on all the properties we manage.

Do well to pay your landlord on time

you are wrong because if I make the next payment in August then subsequent payment will be in July and the next will be in June. You are guys are just being unreasonable