₦airaland Forum

it i a very nice car. u can buy it

Devaluation is good and bad. It encourages investment. Foreign investors can get more for their money locally and it prevents capital flight. However, it is also a double edge sword. It can also make some investors nervous. Nobody wants to invest in a country today only to be told tomorrow that the investment is worth 25% less in few weeks.

The stock mkt rose 3% just on the conclusion of the election. If there in confidence, in the political climate, it goes a long way in bringing more players to the table. The more the players, the better the currency.

When Buhari promised that $1 will equal N1 in a year, i hate to burst your bubble. IT WON'T HAPPEN. At least, not in a year. There are lots of things that will need to be in place for that to happen. Otherwise, South Africa, Canada would have done it by now.

It takes more than just word of mouth. But things should improve a lot in the next year in respect the value of the Naira. Investors confidence is coming back.

emperoracro:
Good analyses op, but i don't believe d appreciation will com fast, infact it might worsen. I love ur mind set but lets talk, what factors affect d value of a currency globally?

You have to realize that most of the factors that has been affecting the Naira is more artificial (devaluation) as opposed to the global push/pull factors.

Naira was devalued. The political uncertainty made a lot of people actually hold back on discretionary spending. Investors also held back. Total oil for instance just completed selling almost $1m assets has been sold in the past year or so.

Most people were waiting for the other shoe to drop which by all indication it wouldn't. At least in the short while, unless of course this administration falls short of expectation.

Naira now has appreciated almost N20/$1 in just a matter of few days simply due to the political factors.

I just called my Malo now. He will sell $ for me at N205 as opposed to N225 last week. That means they will buy possibly at N202.

Grab a seat and watch the free-fall in the next few weeks. Good news for us all

People seem to be upset that the dollar is falling. You guys seem to forget that it was being held up by politicians before. Now no need to. It would have keep rising if PDP wins. But the country is moving in new direction

That is the nature of currency. It rises and falls. Don't forget that we were coming from N170/$1 before.

It shall get there insha allah

Like i told you unbelievers, Naira is appreciating now. Its now around N205

And election was just concluded few days ago

Bookmark this page and watch what happens

If he is smart, he should tackle POWER and repair REFINERY.

Those 2 things will impact, Nigerians the most.

As for roads, its nice to do but the impact won't be like power.

If i live in Sagamu and he is busy doing roads in Sapele, i might not know if i did not ply the road. But i will know that fuel is available and power is constant where i reside

Good luck to the President-Elect

Hi,

Just wondering which of the various pastors got it right or wrong? I can recollect about last week that Guru Maharaj predicted doom for Buhari. How many others got it right or wrong?

theo07:
can u tell me wat is misleading in this post pls?

With over 8 yrs here on NL, i will like to say that i have seen it all. Its unproductive for me to come here and be slugging it out with you about an ad over a Camry. And i have come into your defense before when people are talking nonsense about your ad.

For whats misleading about the ad? Let start with the car is not an XLE nor its a 2010. Lots of people have pointed that out. Different engine (2.5L) for 2010 and up.

Camry is a very popular car in Nigeria and NL is visited by a lot of well informed buyers. It does no one good (especially you) to underestimate the knowledge of a client. No one buys a car without SOME type of knowledge about it. However small it may be.

Even, if you manage to fool someone to buy it as a 2010, sooner or later, the buyer will know its not a 2010. and there goes your repeat customer and potential new ones.

Happy Sales

FortuneVal:
Op should ban this hapi4eva guy. He just goes around posting rude comments and spoiling people's ad. Who the hell is he? Seriously he's useless. can't you just see an ad and shut up?? If you were needed im sure seun would have hired u to be a moderator. Look for a job you this miscreant.

This is the problem with Nigeria. You want someone banned because he voice his opinion on a public forum? I will like to think that you are joking. Afterall, all the observation(s) about the posted car is correct. Did you ask the poster why he is misleading in his post? Or you stand to benefit?

more

Hi,

i can help you pre-order this. Arrives in about 5 weeks.

Landing cost to your compund : N7.5m

Contact - kunleautos(at)yahoo.com

Payment Terms - N5.5m Deposit
Balance on Arrival

OACKLAND:
[color=#000099][/color]
I don't want to be scammed, I'm jex about buying a 2001 Toyota sienna for #350,000. does this sound ridiculous?
I don't have any means of verifying the order. it's a pay on delivery bargain. but adewole Johnson, the seller says I have to pay #25,000 into his account for L. O. T ., A government sticker. please does this sound real at all?
he sent me this as his address
Adewole Johnson 09030340608. Address 3 floor,GDNL administrative Building Terminal E,shed 20 NPA Apapa Wharf Complex Apapa Lagos

Do people even listen? How much noise do we have to make on this? You truly want to get a 2001 Sienna for N350k?

Please go ahead. Don't let me stop you.

from what i can find, its between 1.4-1.6m

Good luck

available

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Available

Coldplay007:
What have you done to this car?
there are no I4 XLE camrys.....
If there are you can educate me oga.....

There ARE I-4 XLE Camry. Very scarce but available. That is a true XLE as well.

Happy Sale to the dealer

Tree Chaining does not look that it will prepare the land for planting/farming. More-so, you will need 2 Bulldozer as opposed to 1 when you are clearing.

More cost for less outcome

Vehicle is sold

NobleG1:
Well, I understand your point, but cashing a check is a different ball game. They don't ask for your fingerprint to operate a bank account in U.S.
I believe we can do better but the endemic corruption in Nigeria is the main problem.

Yes they don't ask for your fingerprint cos there is the fairly trustworthy system of the ID card / DL and social security database that can be trusted. Banks can just revert to it if need be.

But in Nigeria, there is no database, hence the banks has to create it. You are over thinking this privacy/freedom stuff you are used to in the states too much. Banks has to do the best to protect themselves.

When the cases of fraudulent Western Union receivers was rampant in Nigeria, the came out with rules that you have to have an account with the bank before you can cash the western union. That slowed things down. They did not rely on the receiver to just show up with a drivers license which can be fake. They created a new way to protect themselves.

Support the banks, they are moving in the right direction

NobleG1:
American banks as you agreed uses Social Security NOT fingerprint or any other biometric data. Nigeria should have created a Social Security number system which would have also done the job.
In the U.S. no organizationn or company or institute has the right to obtain your biometric data except police ONLY when you commit crime!
Banks shouldn't have your biometric data for any reason. It just doesn't add up.

But in Nigeria, if you implement something like social security number, it MIGHT be riddled with fraud, but you only have one fingerprint. And for your info, several years ago, to combat fraud in the US, if you want to cash a check and you don't have an account with that bank, they will ask you to fingerprint on the check. Just an index finger.

By that if there is any issue, they turn it over to the police. Granted there is a database in the states. Fraud dropped almost 90%. Nigeria lacks any database hence the banks are beginning this.

For your info, there are some companies that requires the workers to clock in with fingerprint. Reduces the issue of someone clocking in for another worker. The fingerprint database is kept with the company in those cases

Regards

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We are here

Point well taken. We are all products of our experience. That is just one case. Between Man and God, as i am typing today, i have almost N4.5m out there that i have no hope of collecting in these types of things. Padi Padi things.

Will your point save me from my Bank? What's the point of doing something that does not work for you?

Everyone will be quick to point out how some people in Nigeria are making it in life more than people overseas but how do we explain all these 419 things that happen cos you trust and you want to help?

As of 3 years ago, there are lots of factories i could have set up and be reaping profits and might have be enough for me to partially retire home. Or even just turning the money around buying and selling cars. No matter what, i will collect my money in bulk when i sell no matter how long. Worst case, i can decide to sell at cost and forgo profit.

When someone decide to pay only N140k out of N600k, haven't i lost my investment? I could have sold the same car distress sale for like N500k and collect my money. Worst case, he will be upset and will not talk to me again. But i have N500k in my pocket.

Now i lost N460k and he hasn't spoken to me since then. Lookout for yourself before others.

Everyone has a story. People here are not just wicked and heartless.

If anyone needs a good builder agent in Ijebu Ode and its environs, i can link you up with very trustworthy people

Good luck

What i will advise you to do is that you ask them what they plan on doing. What makes sense to you may not make sense for the other person. And they might be passionate about what you are passionate about.

Then offer to LOAN them the money you want to send them. Let the know its a LOAN but in your mind you know its a gift.

With that, the person won't be coming in case they misuse the funds and your conscience will be clear if you don't do anything for them again.

Otherwise they will turn you into ATM coming back for more money until you cannot afford it.

Good luck

shollynoob:
...buy you ll still have to take the BVN to other Banks

Verification

amywonda:
But really all the had to do was request all customers to provide nin, with that u can't provide two nin at different banks because the verifier would bring out ur real info, it makes the whole Bvn paint the Jonathan team look like they are not working together, how can ur cbn governor be touting Bvn when u have already set up the NiN, it means the cbn doesn't trust ur own programs as d head of state, that paints the picture of a house divided, what is d coordinating minister doing about it, all arms of government should work together in harmony and not a house divided on itself... Next

Not exactly. The data collected is different for different purposes. Not everyone that register for NIN has bank account and vice versa. People living overseas will not have NIN but might have bank account. So the NIN database is useless.

Second, you have to worry about pairing the NIN database with account numbers which might create errors. Its better, faster and easier for the bank to just record your data against your fingerprints one time.

Lastly, is the issue of ownership. CBN DOES NOT OWN the NIN database. They cannot just have access to it even if they want to. Its better for banks to just make their own and use it as they see fit cos all the info they need will be there when setting up

NobleG1:
I haven't read any legitimate reason for this so-called BVN, which is NOT fraud proof. How is it better than the conventional banking system (which is secure)?
No other country on earth implemented this, including civilized nations. So why is Nigeria hell-bent on doing so? For the fact that Nigerians abroad must visit home to obtain this BVN, makes it unattainable, cumbersome, unprofessional and suspicious.
The only reason I believe they're implementing this nonsense is solely to collect Biometric data of Nigerians. That's why they used bank to make it mandatory.

BVN is a very good thing if you must know. While no system is 100% secure, the next best thing is to attain perfection as close as possible. In the States, you obtain your bank account with Social Security Number (Like a tax ID). I assume same in the UK. You can only obtain 1 Social security in a lifetime (i am not saying that there are no cases of fraud). But for 99% of the people its one per person.

If you mess up your banking relationship, you wiull be reported to a general bank database and you wont be able to open another one.

But in Nigeria, the BVN is better. It will get to a point that they will compare your fingerprint to the BVN before you can withdraw.

If someone cash a check by fraud, the fingerprint can be matched with the database and he will be caught.

Only the bank has the incentive and resources to combat fraud. At least in Nigeria.

Long live BVN

To combat fraud, i hope they do more like the US. When you commit fraud at one bank, they will just notify the other banks thru your BVN number and other banks can close your account.

That will be very good. all these yahoo yahoo boys will be kept at bay since you can only get one BVN number.

In the US, you will be reported to CHECKSYSTEMS once you commit a fraud somewhere. No other bank will open an account for you AGAIN unless the original bank that puts the check system in place removes it.

Kudos to the CBN for safer banking in Nigeria.