They look aroused. may be it's the cold

[Disclaimer: This post is just a case study. I am not writing it to claim that I got rich from some currency short or to encourage any aspiring short sellers on how to make trades or deals that will affect the value of the currency of our beloved country].

It was early 2015, around January, February to be precise. The value of the Naira had just taken a beating against the greenback and our Elections were nearing. Few anticipated that oil prices would keep falling all through the year.

In 2007 and 08 I thought the oil price of around $100 per barrel was just a temporary high but it stayed up there longer than we most anticipated. Then the world became used to high oil prices. It was a lost opportunity to a country like Nigeria I believe as the government went an unnecessary spending spree while the foundations of the economy were still shaky. Fast forward to 2015, there I was, a self-proclaimed student of world economic trends with a chance to play real life "short selling" with the little that I had or didn’t have.

I first read about short selling in 2008, I was just beginning to take an interest in the stock market and I tried to buy around 300,000 Naira worth of stocks. I got just a few bucks out of that as the stock market in Nigeria collapsed the following year. I wondered if someone read a little more and analyzed a little more of the capital market situation in the country back then and found a way to short most of the overvalued stocks (most stock prices were supported with credit from sometimes the banks that are issuing the stocks). I never found a way to short the stock market, so I gave up.

Early 2015 I had a trip planned. I was terribly worried about the fall of the Naira and I was scared the Naira could fall even further. Then it hit me, this is a situation I could short and make a profit. But before I attempted a short I realized with nervousness of the coming elections, the Naira could fall more and if oil prices keep falling, it could fall even further. So I used the excuse of the trip I was going on to collect a Naira loan which I then changed into Dollars at a rate of around N185 to the dollar and I kept the money.

After I came back from my trip and it was time to pay back my loan, I sold the Dollars at the rate of 220 each. I made a profit of N35 on every dollar I bought at N185. I paid back the loan and kept the N35 profit on every N185 I borrowed.

At today’s rate, a few weeks after the U.S Fed raised interest rates, I would have more than doubled my profits if only I kept the loan long enough. I would have kept it till next year as I anticipate an oil price fall to follow the U.S. Fed rate hike.

Source: Naija Startups Blog

To think I once did the tomato farming and selling business glad I got out long ago, this is like being Nigeria in these times of global oil glut

YES! The 9flix TV app is a must https://play.google.com/store/apps/details?id=com.ww9flix

Bro you may have Gold in your hands.. I like it. I think you should get in touch with the award winning producer of the short Alpha Mom - http://9flix.com/watch/4364 You too could bring this to life.

All the best

She's too cute. I've been watching her clips here all day http://9flix.com

Before Nairaland was launched, before fast 3G modems, before the country had any significant Internet usage, there were a few trailblazers who wanted to be their first by starting their Nigerian focused online business when the Internet was still a very Global place when it was dominated by many outside websites.

Did they succeed? where are these businesses now? where are the founders and what are they doing?

Find out what founders of 5 of the first Internet businesses in Nigeria are doing right now

..http://naijastartups..com.ng/2015/08/first-generation-of-nigerian-startup.html

"Different" is not the case. I know she's better and a bit less raunchy than Afrocandy.

Brytawon:
Is Cossy Orjiakor different from Afrocandy?

Just asking...

She even posted a video kissing a white guy in Paris under the Eiffel Tower http://9flix.com/watch/574

Good news.. Meet the Adebanjos is coming to my favourite online channel http://9flix.com

nice piece

I am glad that my sexy star Cossy Orjiakor id back!!!!! She did well in the movie 1 million boys http://9flix.com/watch/574

I miss Black Arrow though. He is funny sha, I wonder where is sef? somewhere drinking Viju milk

Speaking of milk, check out Cossy

Don't forget the new Comedy TV Series Aproko101. It is as hilarious as those classic Nigerian TV shows.

She has money, why would she be depressed.

Hi guys, I run 9flix TV. If you have any content you want to put online, promote and monetize you can reach out to me, email is on the site. Also I am interested in knowing more about your kaduna/abuja productions if it is something we might be interested in.

I am sure it was awkward for the 2 of them

they shot the whole movie inside one parlour

They don pocket enough money na, 3 years no be beans

Sometimes I like to give the Nigerian housing market a nickname "Nigeria's Un-real Estate." It is no longer a debatable fact that Nigeria's housing market is fast becoming a bubble, properties are overpriced especially in the major cities like Abuja. We may not have a financial housing system in place that may collapse like what happened in the US towards the end of the last decade, but that doesn't mean we are safe from the trouble of a properties market collapse.

If you add up all the prices of the real estate in Nigeria, do you think the cash equivalent of such a grand total exists? if it doesn't, there is no cause for alarm, we are still safe. But, what if not even a fraction of that exists in our liquid economy, and what if the economy begins to slack from it's around 7% growth rate? What if there is a cash shortage and people try to sell their properties for some liquid cash? Just a combination of 2 or more of these scenarios can collapse the prices of houses and make a lot of people lose a lot of money just like what happened in the Nigerian stock market around 5 years ago.

We may not see another stock market crash anytime soon, but we could see a crash in other financial institutions like housing sooner than we had hoped.

Do you think the housing prices in Nigeria will ever crash or am I just being a pessimist? Do you see the property prices in your area as over-priced? Who do you blame for all these?
What are your own views on the future of real estate investment in Nigeria?

Some of the pix look like old pix tho

Any movie about startups or money

August, Margin Call, Wall Street, The Social Network

This is serious, Meth is a very dangerous drug. Nollywood peeps shouldn't play with it because it would destroy them and the whole industry.

LMAOOO reminds me of watching WWF wrestling with my grandparents

them basket mouth should watch out for this guy

I believe this picture is from her role in Gossip Nation.

A Hilarious Parody of the Behind The Scenes Footage


https://www.youtube.com/watch?v=j9lhglekbZs

some stars try this demonic acts just for the press and attention

Awwww.. Regina Askia. Good old days of Nigerian TV

Thank God someone is bringing such classic films back, and it's http://9flix.com

AWWWWWWWWWWWWWWWWWWWW she really looks like her mum

Controversial busty Nigerian actress/singer Cossy Orjiakor is back after a long hiatus that lasted over a month with the Triler of a new movie called "1 Million Boys". She hasn't said much about the movie or the role that she played in it, but from the trailer, you can see a bit of indecency

Watch the trailer here

https://www.youtube.com/watch?v=mGk-qEC5R8Q

It has taken way too long, but I think with time NTA will change. I know a few insiders that have confirmed this But as with any Nigerian government project, we have to see it from start to finish to believe it. And, yh, their logo is crap who the heck designed it in the first place

But serioulsy, they need to buckle up before the Internet and other innovations like the TV site I am working on http://9flix.com render them irrelevant. Trust me, it's happening already