Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,785 members, 7,956,002 topics. Date: Sunday, 22 September 2024 at 09:00 PM |
Nairaland Forum / Theconglomerate's Profile / Theconglomerate's Posts
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 27 pages)
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 7:24pm On Jun 24, 2020 |
ositadima1:Shey you now see why I said naira is overvalued and artificial na. It is one thing that is drawing this country back. Everyone keeps buying things at the government's expense. If we can eliminate stealing and review the naira as Emefiele is doing currently,Nigeria will boom! We will have so much local and foreign reserves to fix all we need to fix in this country I swear. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 7:14pm On Jun 24, 2020 |
ojesymsym:It may also interest you to know that they found the true value of the yen to usd in 1986 Why would you devalue when you have everything going on great for you and no pressures or expenditures to preserve your currency? |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 7:00pm On Jun 24, 2020 |
ojesymsym:100USD I meant. Typo |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:53pm On Jun 24, 2020 |
DexterousOne:whew...
|
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:51pm On Jun 24, 2020 |
DexterousOne:Of course,very weak. 100 USD=10K+ Yen... 1 Like |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:43pm On Jun 24, 2020 |
ojesymsym:It is weak nominally because the japanese keep devaluing it so that una go come buy their market na Something you all refuse. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:40pm On Jun 24, 2020 |
A person in the far east like say Indonesia,Taiwan,Philippines etc..will pick the yen 100 times before the dollar because all what he might need to buy to be comfortable in life is found in japan and he will pay cheaper logistics to bring it to his country rather than buying from America with dollars. Does that mean the person is stupid or should have picked the USD instead?No This is what will soon happen to all these shitholes surrounding Nigeria the moment we fix infrastructure,start producing fuel and free up the markets with little government political hindrances. When some of you compare Ghana to Nigeria,I honestly think you are mad,no offense. This is not patriotism but simple reality. Na because of steady light abi wetin 11 Likes |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:32pm On Jun 24, 2020 |
A japanese can live in Japan without ever seeing or knowing the price of dollars and will be very comfortable till kingdom come. If USD varnishes today maybe because somehow Taliban manages to bomb the entire USA,the japanese wouldn't even notice because they can get almost all they want locally,with or without dollars. Their currency might be triple digits when compared with USD,but what matters is what it can buy without an intermediary currency playing a part in the littlest process to sell that produce. 15 Likes |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:29pm On Jun 24, 2020 |
ojesymsym:It is considered in that league not because of its nominal strength but the sheer variety of what it can purchase in its locale. This is why it is listed alongside major currencies like USD,EUR,etc...not necessarily strength. I can go to Japan with yen and buy Caterpillar,cars,truck,medicine,infact everything. I can't do that with Kuwait dinar without passing through an intermediary currency. Strength doesn't matter,rather what the economy can offer is what makes a currency valuable. 8 Likes |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:19pm On Jun 24, 2020 |
ojesymsym:You peg a currency to another not because of nominal strength but rather purchase option(what you can buy from there,ie a country that has everything you might need) from that economy. Kuwait dinar is so strong no doubt,but who have you seen pegging its currency with theirs? So having currencies pegged to yours doesn't necessarily mean nominal strength. Japanese yen is weak no doubt but it is very valuable. Nominal value for money doesn't matter at all. There will come a time when shithole countries like Ghana,Cameroon,Tchad,Benin and Togo will all have their reserves in naira,whether they are stronger than naira nominally or not. That is,they will prefer to have naira than dollars,reason I am against this ECO nonsense they are trying to do. It is at Nigeria's disadvantage and they'll turn Nigeria to a dumping ground if we dare accept a unifying currency with our infrastructure lack. Just wait and see 4 Likes |
Car Talk / Re: Is Benz E350 Wise For A First Time Driver? by Theconglomerate(m): 3:05pm On Jun 22, 2020 |
HeavenlyBang: He said his budget is 6-7m. How much be 13 accord?abi e don add money? He go get change wella if he buys the accord. Kind of a downgrade looking at his budget. 6 Likes |
Family / Re: A Nairalander Pre-wedding Shoots by Theconglomerate(m): 12:46pm On Jun 22, 2020 |
The kind of things weh una dey carry these days dey baffle me. Let me just assume she has money or is connected enough to benefit you in the long run,else you have just been played a fool and mortgage your future happiness. Her "Christian mother" hand even big pass your head Use your head,play your cards right,make good bread I think you are gunning for quickly and bounce. Honest advice. And the funny thing be say this woman no even get money,very obvious. Guy you fucķ up,hoha! |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 9:46am On Jun 20, 2020 |
naijaoyibo:Where do you live? Just curious,nothing serious. |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 7:02am On Jun 20, 2020 |
GonFreecss1:Nna still growing ooo. I just dey go market to go sell like this. I just hit the 100k capital mark yesterday. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:43pm On Jun 19, 2020 |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:33pm On Jun 19, 2020 |
Looks like the CBN is planning some desperate move to strengthen the naira this coming week. Saw that they debited N216B from banks today so that there would be little naira chasing the few dollars they might release on monday. Truth is,how sustainable would it be? Can they do it? Bittersweet moments!! Cc Gonfreecss1. What do you think? |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 9:55pm On Jun 19, 2020 |
cooldudeng:Lots of guys in their mid careers with family will always rent semi detached duplex. Also,what of transferring families.You don't expect a family settled in Abuja in their property that moved to lagos to also buy another house na. They will always rent. Bottom line,there is a market for these things always. I didn't say risk of default is zero,but it is way way way less than in their backwater counterparts. 2 Likes |
Family / Re: Woman Disgraces Her Man Abroad After Discovering He Has A Wife In Nigeria by Theconglomerate(m): 9:25pm On Jun 19, 2020 |
legitimatefrank1:You for send your brother to go love that kind expired cargo na,as na better thing. Wetin she expect?say that man love am abi wetin? Next time no quote me if you no get better thing to yarn. |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:56pm On Jun 19, 2020 |
ahiboilandgas:I never knew they sell shares on already built buildings. Why? Is it to pay back the bank loan they used to build the property or what? |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:48pm On Jun 19, 2020 |
Donbrig:If you buy better house for better place with 80m,you and tenant no go get issues. People that will give you trouble won't be able to afford beginners rent for that kind of property in the first place. So if you buy 40m mini duplex for lekki,you go come dey drag with tenant untop 2.5m rent? He who goes for that property can afford it effortlessly almost 80% of the time. Default is rare. Na all those old,backwater properties weh tenant dey drag with landlord for wella 8 Likes |
Family / Re: Woman Disgraces Her Man Abroad After Discovering He Has A Wife In Nigeria by Theconglomerate(m): 1:09pm On Jun 19, 2020 |
Romangalactic:Nna I tire oo. Which kind love be that? Untop something weh be like juju. If you get money in Nigeria,forget abroad else you go dey see this kind nonsense tire. I bet say if na Naija dem no born this lady to dey try this thing else body go tell am. 13 Likes 2 Shares |
Family / Re: Woman Disgraces Her Man Abroad After Discovering He Has A Wife In Nigeria by Theconglomerate(m): 1:06pm On Jun 19, 2020 |
Poor man dey for trouble. If that man be get money,whether e impregnate another woman or not,this lady no go try this kind rubbish. Else her double slap go sure 19 Likes 1 Share |
Autos / Re: Benz C 230 2005 for 869 by Theconglomerate(m): 10:43am On Jun 19, 2020 |
This is no damn C300 3 Likes |
Agriculture / Re: Groundnut Contract Farming In Niger State by Theconglomerate(m): 11:19pm On Jun 18, 2020 |
dingbang:you no dey ph again? |
Agriculture / Re: Groundnut Contract Farming In Niger State by Theconglomerate(m): 11:10pm On Jun 18, 2020 |
Following. Quite daring I must say,kudos. |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:47pm On Jun 18, 2020 |
ojesymsym:When you devalue appropriately,forex will be surplus and difference between black market and single official rate no go pass 5 naira. Na so e suppose to be. Wetin dey make black market explode na CBN dollar liquidity scarcity. That makes everyone in Nigeria patronise black market by force and explodes their price as they go through hell to get that money. Imagine going to kenya to source for forex to sell in Nigeria. Now you get the picture I hope. 3 Likes |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:35pm On Jun 18, 2020 |
DexterousOne:Well,floating is not really a solution in our case. It comes with it's own problems which is SPECULATION. This is why I say we get the true value of the naira first(by free float of course) and devalue appropriately. Floating does not bring FDI or FPI because investors aren't confident. Investors want devaluation so they won't be in for any surprise. Naira is overvalued,the true price of naira is in the 400 range,450 if you ask me. 1 Like |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:22pm On Jun 18, 2020 |
DexterousOne:I thought you were preaching against it You change your stand because CBN is quitting the charade ba? |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:43am On Jun 18, 2020 |
emmaodet:Ha bros you know say I no dey into regulated export no more. I like chaos abeg,no time for orderliness. But things like this is every where,go apapa go find agents weh get buyer and looking for supply na. I know one man called Ayru.Na agent we use many years ago. His office is at #30 Bombay road,Apapa lagos. White small one storey building for the top floor. I no get their contacts again but you fit go the address,cheers. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:37am On Jun 18, 2020 |
ojesymsym:To me I think if you can be patient to wait for TBs to mature after one year,then you can do official export. First stage is sampling,you first send the buyer what he wants via UPS and the likes so that you guys can finalise on quality and all that at this stage. Since as it is your first time to sell to the buyer,e go open LC for the trade. This LC na collateral from his bank to secure your money,so that he can't abandon the goods at the ports or take your goods and don't pay. That is if the buyer no pay you,his bank will pay you and later collect the money from him with force. It's your security. Then you will register with NEPC so as to complete your NXP folder that contains a host of documents and gives you the go ahead to export. Nigeria registrations na just money,no much bureaucracy as they don't even check All they want is money When you and your buyer conclude and he opens LC,you contact shipper for container,buy and load and take to the ports and hand the bill of lading shipper give you to your bank and your bank will forward it to buyer's bank that will give to buyer for clearing. Now you guys will agree on your contract when he is to pay and his bank will be aware. When the time reach and you no see your bread,just contact your bank and your bank will contact his and you will get your money almost immediately. But if you guys start do business for long and trust enters,you won't need this no more as you already know him and where to find him if he fùcks up. You are not at the buyer's mercy at all,unless you load something else different from the sample you guys agreed on,so take plenty pictures of everything you do as proof for any future argument. 26 Likes 9 Shares |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:56am On Jun 18, 2020 |
ahiboilandgas:Welcome aboard the new reality. Go France,business dey there wella for una northern agricultural products. Go yourself,no send any agent or middle man. 6 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:32am On Jun 18, 2020 |
https://nairametrics.com/2020/06/17/naira-falls-at-the-official-market-as-government-reveals-plans-to-unify-the-exchange-rates/ The shithole is about to devalue again... I tell you,you no hear... I advise you,you no gree.. When the time is right my brother ehhh,telli person eh them no dey telli person... 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 27 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66 |