₦airaland Forum

DexterousOne:
Okay

I knew I was missing a currency...

CHF is also on the radar.

Those chinese are jokers
That dominance they seek
They just cant get it

Cos they already started on the wrong footing

Donbrig:
Shoprite cannot leave Nigeria now, they have built a strong market influence in Nigeria, but they need some overhaul. I am a bit pleased that Nigerians are beginning to embrace local products, though at a very slow pace. FG should set up a more aggressive campaign for Nigerians to patronise local products, that seem to be the only way out of our economical woes.

States/regions should compete on setting up local factories and industries, we know there are challenges, but we all must play our role.

Our local market is so big that we don't necessarily need FDI, some FDI could be more of a burden than asset to their host countries.

Few years ago, FG wanted to issue a license to foreign flights to operate local in Nigeria, just imagine how devastating that would had been to our economy and indigenous flights today, thank God for Air peace management and other local airlines who stood their ground against the idea to issue license to foreign flights. At the moment, local flights in Nigeria is now one of the best in Africa, some states are even getting ready to launch their own airlines.

emadamysy:
Those individuals collecting that sums from the bike man are not revenue collectors and such can't be termed as tax payment . [b]This is simply the corruption we are talking. [/b]We need a system in a place to tackle such , but don't know how it can be achieved as there would still be loop holes .

emmanuelewumi:
After running the business for about 5 years, the owners might decide to stop the business if he doesn't break even. The workers will be the losers on the long run.

megamart247:
You said the aforementioned stocks has been beaten inflation in the past 17ys?

I have been into importation of electronics since 2001 and I can categorically tell you 17yrs ago US Dollar was selling at circa N100 whiie now exchange rate is circa N500.

If you discount forex rate you will see that those investing in NSE are simply doing blind business and getting poorer without knowing it.

ahiboilandgas:
In the past investor can predict the future of the currency within 10 years gap with relative stabilities but right now Naira devalued almost ever months since buhari /emefele took charge .........no investor can predict the value in 2025 may 500,750 1000 or non exising,this uncertainty has dry up investments....investor now are from dirty money and shaddy group from India,and china and labasene...that pose as manufacturers but are runing rackets like ivory smuggling,forex round tripping , tax evasion ,duty underpayments ,slave wages ,illegeal logging ,export grany abuse etc .....

konklushun:
Please how do I subscribe for the upcoming bond? I want to use ARM but I do not have an account with them yet?

Can I open an account online or I have to visit their physical office?

Nigsrdumb:
Bro today's Nigerian youths are lazier than your average black American.

In fact u copy the worst of them.

Betting , drugs, degeneracy has become the order of the day .

There's no political consciousness or any movement to change things yet you think you're better than the black American who fought an oppressive force for hundreds of years.

Plus why do you feel so entitled to oyinbos lands?

They see u how u see urselfs and want none of it.

NL1960:
Iam a fan of the missionary schools especially catholic schools. If you are interested in that, pm me and i will give you a list. You can indicate your state of preference.

Donbrig:
9.8% is very poor for 25yrs bid, no wonder DMO didn't highlight the rate on their website as they normally do. We were saying 11.2% is hardly manageable for 7yrs, but 9.8% for 25yrs is a bad deal. Thank God I didn't subscribe for this bond, not encouraging at all.

ahiboilandgas:
what ur definition of big man.....even in the us memebers of the senate and lower house are important members of the society.....

ahiboilandgas:
u are like my friend that alway dream of becoming a big man ....suprisely and luck he now the chairman house commitee to works at age 38 ....

Barrytone:
Help a friend, am lendng 10m at 10% to a colleague and am only asking for cheques written on my name for the 3 instalments he wish to pay back. My query is if those cheques are enough security.

emmanuelewumi:
What is Yield for the bond? It has a secondary market you can exit whenever you want to

ahiboilandgas:
Whooa is difficult been Nigerian investor a chap that bought 200k dollars @359 ...sold it for 465 today ....he made 21 million naira today from February to July....while cbn is giving 1.5 percent on it dead and risky Naira (junk) and strangely some investors are even oversubcribing....i suspects it not their money but that of pension contributions ,retires and some uninform people

tolajay:
Let's be careful of our narratives.

Narratives and ideologies are what determine perceptions and reactions, globally.

You've just established that you have a character defect and you're one of the folks contributing to the destruction of Nigeria.

However, you shouldn't generalise that this defect is applicable to all Nigerians... Speak for yourself and the people around you.

Sweeping generalisations are not apt in public conversations.

A foreigner would read your comment and will mentally conclude, without any personal experience, that all Nigerians are thieves and not to be trusted. Yet, you'll wonder why foreigners react so badly to you.

ahiboilandgas:
Whooa is difficult been Nigerian investor a chap that bought 200k dollars @359 ...sold it for 465 today ....he made 21 million naira today from February to July....while cbn is giving 1.5 percent on it dead and risky Naira (junk) and strangely some investors are even oversubcribing....i suspects it not their money but that of pension contributions ,retires and some uninform people

Nigsrdumb:
That's true, but there's too much money to be made. There's also a technique.

A combination of scalping, swinging, investing will deliver results.

If you gave a blind man money to invest in any company since march he'd be loaded by now .

Trust me im right in the middle of what's happening.

I will never invest a penny in Nigerian securities again. Like never. I don see where money dey. Mind u it was a comment u made earlier this year that got me into this.

Mapple90:
Is this forum no longer a treasury bill section. Moderator could you remove some post here.

GonFreecss1:
Magu’s attitude is not a government attitude. It’s a Nigerian attitude.

You say developed countries? If government set rules in this country and the citizens don’t follow this rules nkan?

Consensus is very important. Government can set all the rules they want, if the majority don’t obey, nothing will happen.

Benzboys:
Capitalists build countries,not governments.
Who built Japan,USA,Germany etc...?
You think all those skyscrapers you see and civilisation and all that were as a results of their government?
If an economy is not productive,those things will not he there even if the government is doing good with zero corruption.
Sujimoto is building the Leornardo now in lagos with 60m deposit,how many people can afford that?
So how do you expect real estate developers to build giant buildings in Nigeria when the fùcking citizens can't afford it because of the total absence of middle class caused by lack of capitalism and industry?
Anybody saying government is responsible for civilisation and emancipation of it's people doesn't know what he is talking about.

GonFreecss1:
Have you been in a position of power before?

Do you think it’s issues like this that will come to your desk?

The purpose of a leader is not to be perfect but to try and serve for the good of the Majority.

Where would the lines be drawn in government imposing on businesses? Or people solving a problem?

GonFreecss1:
Nope. This excuse doesn’t apply again.

Invictus Obi defrauded people off, not 1, 2 or 3 but 11 million USD.

Hushpuppy nkan?

We live in a country that likes flamboyant lifestyles earned via short cuts. At a time in my life I thought I was suffering and I have met people who have suffered more than me and still... made something good of themselves without succumbing to their selfish desires.

GonFreecss1:
The government cannot get it right if the citizens don’t sir.

If you understand psychology well, you would see there is what is called “consensus”.

The painful thing is Nigerians don’t understand general consensus. A country deserve the leaders it gets especially in the long term.

How many leaders do we have total? 100K? 200K?
I put it to you that if majority of the leaders are bad and majority of the people are good, the country will be far better than what it is today.

And even if “all” the leaders are good and majority of the people are bad, you would be wasting your time.

Just look at racism in America back in the days, Texas and co, there were rules against racism but the white citizens continued it. They are enjoying what they are enjoying today because of a majority consensus to do what is right.

Same thing with the George Floyd incident, at first the mayor and chief of police wanted to do anyhow, see what a majority consensus did to them.

Because many Nigerians are benefiting from the corruption of our government, many are not interested in doing anything for the country. Just look at fraudsters, is it not the same government they complain about that is bad that makes lax laws that make them do their fraud with impunity?

What about Contracts? This is the worst, but we have been blaming government for years, but what has the majority consensus done?

ahiboilandgas:
but logically the Europeans have proved that they are better in organising societies....imagine the world without european science.....we cant even have this chat

emmanuelewumi:
That should be his professional and consultancy fees for getting you a very good cook

ultron12345:
A their will always steal, whether he's paid 20k a month or 1 billion a month. If "financial security", politicians and senators that earn hundreds of millions will not be stealing, bank managers will not be stealing. Just look at hushpuppy, after amassing so much wealth that can make him and his future generations financially secure, he still chose to steal more.

A thief will always be a thief no matter how much he's paid