₦airaland Forum

dominique:
A lot of people would rather wait till the maturity than collecting 70% of their initial deposit. That's a terrible loss after waiting over half a decade

I was in the same scenario..
I cut my loss and never invest with any insurance outfit again
Even at maturity, they can still force you to extend it..
Like the scenario explained with Mutual Benefit...
Even their regulatory body will not do anything...

ZaddyJ:



Sorry bro if he tried to resume they will hand him an indefinite suspension and that will mark the end of his pension career

Let them give him indefinite suspension.
After the indefinite suspension...
Its either dismissal or termination...
Then he can retrieve his pension...
Pension got nothing to do with what happens in his workplace..
Pls familiarise yourself with the Pension Act

Owon:
This doesn't make sense.
Let's say someone started 30k monthly contributions 5 years ago when the value of 30k is like 100k now, or roughly 40k round the years in total, even if the person is given back 100% of the total contributions, IT'S STILL A LOSS!
If 30% is taking out of 2m, that's 600k.
While will 600k be deducted from someone's money? For what? As what?

Whats the guarantee you will get it after 10yrs ?
None...
And they expect you to continue to contribute
while the years moved on...
This is a bad deal
Cut your loss and move on...
U dont use good money to chase bad money!

dominique:
70% of initial deposit after waiting for over 5 years? They know it's only people in desperate need for money that will accept that condition

Whats the guarantee you will get if after 10 years ?

dominique:
What did they say when you went to their office? These insurance companies are dubious. Mutual benefits extended the maturity of investors funds twice! From 5 years to 10 years! If you want to withdraw your funds, it will come with penalties and you'll be given like 70%. It's like they're secretly hopinh the investors die before investment matures.

Just take your 70percent and bail out
Its already a bad deal

EmperorCaesar:
The stress much o, u sure say to go buy the rice for market no go better pass like this?

If you cant take the stress
Just save till harvest time..
Pick the paddy rice from farmers
Then process it ...
Thats my way...
I have 12bags in my store for a year,,

Coolcash1:
International Breweries loss for the year now magnified to N70billion…phew! This stock has no business selling above N1.

https://doclib.ngxgroup.com/Financial_NewsDocs/40765_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

Never a fan of brewery sector...
Too many fishes in the river...

Formularcr7:
Awa lokan

So sad...
No railway connecting ..
all these states together on this list....
Far easier to move via rail..
For masses and distribution of goods and agric produces

Zwooks:
Nigerians will always find a way to beat the system. When do we talk about cemetry space fraud ?

This is not fraud, it's just a system called cabal that is a feature of every sector in Naija. As far as u need something..u must get it thru the cabal system. Just name it ..market, church, mosque, nysc, politics, immigration , oil, police.. universities.parks etc

benjaminlawson:
Our government officials are just putting us in mockery state, where on earth will a criminal be put in a guest house? What is the purpose of our correctional centers, or DSS or EFCC detention facilities, all those people who colluded together and facilitated his escape should be sacked immediately and head of that unit be seriously warned.

Abeg, lets leave these people..
Even Charles Taylor break out from US jail...
Dis is just Naija internal arrangement.

Kobicove:
Someone should show this guy the way to the General Hospital, let him go there and heal people who are really infirmed then I will believe in his healing powers

How many hospitals did Jesus and the Apostles visited ?
Make u dey reason well now
If u dont believe ..just state so...
No need for this yarns

dgitrader:
Nigeria will happen to CNG by the time it becomes popular. It's associated cost will 7x as long as corruption and incompetence is the order of the day. A clear case is the price of cooking gas in the last 9years! The price has 10x!
Let big trucks all migrate to CNG while the masses adjust to bikes and public buses, that's where we are heading unfortunately until we do away with bigotry and start voting the best candidate

Dont know who introduced this CNG idea...
Let FG connect states by Rail...
No one will remember this CNG...nonsense
In four months, Lagos Blue Rail transported 583,000 passengers.
This is the kind of project we need replicated across the country...

tyup:
Jux dey play boss. where will it pass In Bere, Oje, Molete or lalupon.

Let him get experts ...
Red Railway line dey Lagos ...
Run from Agbado to Marina with stations at Agbado, Iju, Agege, Ikeja, Oshodi, Mushin,
Yaba, Oyingbo, Iddo, Ebute Ero and Marina.

tyup:
Put rail for Ibadan?? have you been to Ibadan at all??

Free your mind ...
Anything is possible..
Let the Governor get experts...
Too much sufferin in Naijja
cause pple to reason anyhow...

GentryAbi:
Are you allergic to good things? The only functional rail system in Nigeria is built by a Yoruba man, so take your BS to your godforsaken region.

Is this road an achievement for Gov Seyi ?
This is what we have been doing for the past 62 yrs..
Lagos completed his Blue Rail transit in Sept 2023..
and within four months, it transported 583,000 passengers.
Let Seyi do the same thing in Oyo State...

Tired of road construction in Naija....
On top N700 per litre fuel..
They will keep on repairin road yearly...
Let this Gov focus on rail transport...
Its cheaper for the masses and generates revenue...

Ades1:
When I see all the stress people here do for small figures like 170k, 200k, 300k, I laugh hahahahaha..... Do you know how much blood pressure one would have to undergo for these small small profits?? This is why I outlined all methods and decided dividends was my best route for peace of mind. I am glad I did, I would be mad if I were sharing my profits with brokers

Dividend is a function of your capital...
if u are sittin on a good deal of cash...
Then one may consider waiting for year to collect a paltry
NGX 10% DY...
Why should I wait for dividend when I can do 100% within a month ...
And still come back and collect same dividend...

ositadima1:
For Morgan Capital, one round-trip transaction should incur a cost of less than 2.5%. Therefore, with an 11% return, subtracting the 2.5% cost would result in approximately 8.5% net profit. An 8.5% return on an investment of 2 million would yield 170,000. Although this may seem modest, a few of these transactions can accumulate into a substantial amount.

A meager 5% monthly return compounds to an impressive 79% annually, outperforming SUKUK, bonds, and Treasury bills, though with a higher level of risk.

N170k ....
This aint modest..
In this TInubu era...
Will get u 3bags of rice ...
in my zone....

poseidon12:
You are not even ashamed of admitting publicly that you voted for a career criminal? So what were you expecting from him?

He was the best ...
candidate out of the
3 leading candidates...
U do what u have to do ...
in a system that offers you little choice...
Atiku has nothin to offer ...
Obi is another rookie still learning the rope....

[quote author=Agbalowomeri post=128969858]Laughing keh
With my garri ijebu here
Mercy no allow me see garri buy again
We left indomie for them, they still came after our garri [/quote

ednut1:
Some people will still defend APC and tinubu . The MOU will be used to obtain huge loans and the project will never get done.

Bros.. I voted for Jagaban..

But Baba has been messin up seriously...

We cant run away from reality on ground...

Where are the CNG buses Tinubu promised ?

Is Port Harcourt refinery now operational ?

Where is the new national living wage promised by Tinubu?

robobo:
for me the bolded is the key, imagine 500bn revaluation gain from UBA being invested in TB at current rate of over 20%, that is an assured 100bn profit for 2024 FY without any cost involve (no depositor to pay interest on the capital because it is part of equity)

D rate is a plus for the banks..
Q1 2024 should look nice..
My portfolio is leaning towards Banks...

Mfunkynation:
TA - Technical Analysis

FA - Fundamental Analysis

SA- Sentimental Analysis

U forgot JIJO

JIJO - Jump In Jump Out

Franzinni:
The greatest fear of a rich man is death... They fear it like crazy.

It's the one thing their money and power is absolutely useless against. .

Death.... The great equalizer!!!

Reminds me of pastor suleiman who believes he is protected by Gods angels but still bought a bullet proof vehicle that ultimately saved his life.... While his sheep members in his entourage were mowed down with bullets during the attack...

He he life is fun!

Just learn to read your bible....
We are mortals....and...
Wisdom is profitable...
Elijah with his superb anointing flee from Jezebel..
Even prayed for God to take his life.....
Three times Paul was beaten with rods ...
And once was pelted with stones....

Deadlytruth:
Why is the house relatively quiet today? Is it that everyone here is monitoring the market so closely out of fear of the unknown?

-Waitin for Div from banks...
- And if the surging interest rate can compel...
- banks to step up their dividend....

grandstar:
Imports has nothing to do with the present problem.

The CBN is running a loose monetary policy and that has swollen money in circulation. That inadvertently led to more money chasing the same amount of goods and forex Monetary policy needs to be tightened.

Why do Nigerians believe we have an import problem? Nigeria does not have an import problem. What the country has is an export problem. Nigeria is exporting enough. The country isn't generating enough dollars.

Switzerland with a population of 8.7m people imported $291bn worth of goods and services.

Israel with almost 10m people had imports of $108b

These are tiny countries. Nigeria with almost 22 times the population of Israel barely imports $60bn


Import substitution policies don't work! When they even do seem to work, they carry a lot of baggage with them.

The ban on cement import imports have simply made Nigerian cement one of the most expensive in the world and made 2 Nigerians billionaires. Those in the building industry believe the ban has done far more harm than good. The minister of works Mr. Umahi has not hid his displeasure at the high cost of cement.

Another is the policy demanding that 70% of all oil and gas contracts in that industry be given to Nigerians. This has made the founder of Nestoil probably a billionaire. How many people can buy a private jet worth over $60m?. But operators in the industry are unhappy.

Import substitution policies don't work and that is why you consistently see policy somersaults. The CBN was compelled to lift the dollar restriction placed on 43 products.

Pat Utomi, a seasoned economist just recently said they don't work.

For countries to prosper, they need to focus resources on where they have competitive and comparison advantage. Products and services here will bring in the much needed foreign exchange.

If the resources wastes on rice was invested in agricultural commodities the country has comparative advantage in, by now, I won't be surprised if exports of such products adds another $5-10bn annually to what the country presently brings in.

Sesame seed alone can bring in $2bn as well as sheabutter. Cambodia increased its cashew nut production from 100,000mt -700,000mt in 10years. Nigerias production stayed flat at 100,000mt.

When South Korea started its rapid development in the 1960s, exports were expanding by 40% yearly for 10 years.

Nigeria isn't used to exporting. Recently, due to the drop in the value of the Naira which made Nigerians food cheap in CFA terms, trailer loads of foods being transported got seized and traders treated as economic saboteurs. A devaluation is supposed to spur exports.

Exports are the real problem and not imports.

When u add value as a nation...
D end game is self sufficiency and export ...
Monetary policies only cant do the magic...
U need to complement it with fiscal policies...

chunkuli:
Please how do you use skrill to fund T212 accounts?

U can only use Gpay
and
Wire Transfer

Amotolongbo:
I heard Herbert’s elder brother also died in a car crash with his wife some time ago.

May this tragedy find a rest and stop in the Senior Wigwe’s life

Elder brother died in a car crash with wife ...
Now junior brother died with wife including pickin in an air crash...
Thats a pattern ...
Surviving members need to sit up,,,

wman:
Hopefully, they'll get enough tomato suppliers from farmers to run the farm.

Where are the farmers that will supply fresh tomatoes.
It's just a waste of time..
Na so Tony Elumelu and Suswan commissioned
Orange juice company in Benue State...
No single pack of orange juice produced till date
Bunch of clowns and scammers

Adinije:
I wonder why they're arguing

A cross deal happened in DS and NASCON at 10.02am. I saw it. Unfortunately, it wasn't showing in trades. DS was exactly 100k, NASCON was 123k

Most folks wont see it..
Cos its early ...
Those are the first trades...
that dropped at 10am plus

Asonaijaaso:
I actually commend Tinubu for doing those 2 things.
Meanwhile the other guy you mentioned is a political Neophyte.
He governed Anambra so well, he moved to Lagos after his tenure, just like his Godfather who moved to Dubai.

There is nothing to commend Tinubu for...

Mr President simply did not plan for the effect of subsidy removal and floating of exchange rate ...

Where are the CNG buses Tinubu promised ?

Is Port Harcourt refinery now operational ?

Where is the new national living wage promised by Tinubu?

Folks are really suffering in Nigeria ...

I am a fan of Tinubu but his performance is poor...