₦airaland Forum

mavinc4u:
Which one is N20,000 again. This people are stingy but ymodulus, do you bank with them or you know someone that bank with them.

A friend of mine works there.

If there are any banks with good rates and high limits.

It has to be those foreign banks like standered chartered , citi bank and the likes.


I have called all Nigerian Banks this morning from Gtbank to UbA to first to Heritage ( their cards are disabled for international transaction now until next week ) to Access to Stanbic to all.

But I haven't called those standered chartered, they don't pick calls.

Jaiz Bank have a daily limit of N20,000 and the exchange rate is N204.8

N20,000 per day is Maximum Limit.

How much is this phone currently?

mavinc4u:
try more than 1000 in a day and let me know the outcome

It went yesterday ma.

mavinc4u:
I bow to you. What is good in the news, it has been like that; $1000 everyday multiply by 7days a week is $7000 so no big deal.

No this time, you can spend the $7000 in a day.

chrixus:
So after being shot and humiliated ? Am sure there is more to this than not just allowing the COAS free movement... Your followers were killed yet u still allow them dine with you #mtchew

Typing

biggboy:
Mr Ymodulus, please what are the requirements to open account with heritage bank? What type of card do they issue? Thank you.

2 passport,
Valid ID Card

But guy don't bank with them. Advice

mayorall:
ymodulus e don clear for your eye?. Nairaland is the African largest forum. you guys great importers from Balogun and alaba market ain't using cards. They are monitoring us

Baba it does not affect anyway.


Heritage Bank N230.6 / $1. Limit @ $100 / day.

@ KelKlein

Is there any relationship between IVF and Genotype ?

As in if an SS marries an SS or AS + AS. Is there any way IVF can be useful as to the child genotype not been SS?

euromilion:
No am not on bbm.are u on whatsapp?

Yes. I just followed you. Now follow me back and then send me a message in it type your phone number bso I add you

Okeycima:
@andychukse, oga if u meet guymen u go know say that agreement on who is to repair the keke is null and void,but all rest on trust like u say and application of carrot and stick method becos if u use stick and leave the carrot,u might regret it

Lol! True.

That's why I always say Hire purchase. The driver bears responsibility

euromilion:
I've tried transport biz(buses)in naija,believe me it wasn't a funny,if you are not a strong person HBP may kill you.

Problems range from bad drivers to bad mechanics and to bad parts dealers with fake products.This of Keke I don't know how good it's .Ymodulus seem to be very good at it,IMHO this's biz is not for everyone.

@Ymodulus,
I must be honest with you,I don't know what form M is,but with your breakdown I guess it got to do with cbn and their cashless regulations,if yes,I don't think that may apply to me as I don't reside in nig.

I'll have to goto nig customs website to up this form M of a thing,but to my little knowledge I don't think it should be that hard to get,except just with their naija factors,I'll email my financial relation officer about it aswell.

Can you share some of you experience on form m?.

Thanks for sharing.

Let's chat. I don't want to go on with details here.

Are you on BbM? So I drop my pin you add me I verify you the one. Or you drop your pin I add you and you verify am the one.

We chat.

There is money in Nigeria, but a few know it. It's just all about information

Aminat508:
Osogbo nko?

No just warri and environment.

abuhubaidah:
thanks so much for this,please for the second hand at 140-150k is it the new model you start without drawing the long iron at the left hand did of the rider?

Yea

omoharry:
My expereince with an Hausa driver changed my mind about dealing with them...this man ruined my keke ...he refuse to remit money as required of him..he will always give one excuse of how he is trying to bring his famly from the north today and another family member tomorrow..bla bla bla..as if my keke was bought for charity purpose..most of the time his phones are switched off. i couldnt take it anymore..this thing lingered on for five month and I had to seized the keke from him..my new keke was ruined with all four tyres completely filed up, and begging for a complete overhaul....it a matter of personality and not tribe..dishonesty cut across all tribe.It is a lucrative business if you get a honest and level headed person to pilot it.pls dont do delivery..hire purchase is the way to go...if not you ownt recognised and your keke before long nor will you see even the capital you used in purchasing it.
buy your keke TVS if you like,
get someone that knows the rout to drive the keke home to you.
Register your keke either in Lagos or Ogun state..cheers

Different things for different folks.

Just an advice ma, next time avoid family men. They are disease

Arogunmasa:
Union money nko, I hear those guys collect nothing less N2,500 daily from Keke NAPEP operators. According to an operator that plys Mushin to Adekunle. Thatz a lot of money if u ask me.

One thing you should know about Nigerians is that most won't tell you the truth on a business because they believe you will learn it and join them and reduce chance of them making money. That's the truth.

It's not up to 2500 a day. Haba.

In minna there is a universal sticker for N1500 its called chanchaga sticker it allows you go any where. Then you will buy dustbin from ministry of environment then pay N500 ( no use, just way of taking money.)

Initial registeration is N2200-2800 that is all. Nothing again.

Daily ticket is N50.


In Kaduna, you buy leventis union sticker it supersedes all other union sticker it goes around N2300.

In katsina , its only one sticker and its N1000.

Well lagosians are experienced sha. So it might be more expensive there

euromilion:
Thanks for prompt response,
Is form m not obtainable?if no,why is that?.
As an importer do u think that cash buyers are always readily available to take up a container load of this stuff in Lagos?

Bro, if you can get readily access to Form M. Then contact me and we will become the biggest boys in Nigeria. Even when we sneeze nairaland will carry it.

Lol!

Form M is not that easy to get. But if you do. You get it at official rate of 199naira per dollar. Now when you get Form M worth up to $10,000 for example.

Contact me, I will help you convert the payment from the company account in china into raw cash. This means


199naira from CBN form M. I will resale for you at 258.

N258 - 199 = N59 per dollar

N59 * 10,000 = 590K.

Don't bother about customers. Even if you have $200million dolars its easy.

I am trying to say if you can get the form m and need to carry out payment contact me. So we do big business above keke.

We call that the Money Business

JOXY:
7,500 USD at bank of America @246. If interested call 08056702432

Am interested. i will buy all.

artisticallyart:
Balance and carry na im win am o!!!
1. If the driver is unable to meet up, you collect it from him, that way you win both ways;
2. You are free from oil today, fuel tomorrow, break pad in short complaints;
3. You make times two of your money.

only no 3 is true.

1 and 2 are not. When you get into the transport business you will understand better

euromilion:
@ymodulus,
Bros thank you for your well detailed analysis.

A quick question,when buying in china do you buy from manufacturers or retailers?.

A friend has always being at me to send a container load for him to sell,but I've been sceptical about doing business in nigeria as I've lost so much money on that process.

I may want to reconsider the idea of sending maybe one container load as a test in the new year.if I may ask,do you go to china by yourself?

For now do not buy. wait till next year, everything is just uncertain now. The rates are unstable. except if you have access to Form M. The you are a big boy and will rake in high income now.

euromilion:
@ymodulus,
Bros thank you for your well detailed analysis.
A quick question,when buying in china do you buy from manufacturers or retailers?.
A friend has always being at me to send a container load for him to sell,but I've been sceptical about doing business in nigeria as I've lost so much money on that process.
I may want to reconsider the idea of sending maybe one container load as a test in the new year.if I may ask,do you go to china by yourself?

Wholesalers.

If you can learn the tenets of the Keke Napep Business, then you will be able to run efficiently a car hire service (Intra State, e.g Lagos to Abuja etc )

missKiffy:
Ymodulus you really broke it down to pieces for the guy

Thanks sis.

Kingzy4pep:
You just have to be careful and smart because most riders are very tricky and heartless. They tend to be co-operative from the start but with time, their true colours begin to manifest. *Had a very bad experience*

Nooo. yu just need to know the category og people who can drive succesfully without complaints.

There are ways to recruit drivers. It worked for me. And u enjoyed it. What if i tell you till today by ex - drivers still go on errand for me without pay?

Many information i would love to type. But am a lazy pig. Typing is stress

Ayoolanairaland:
I need the agreement template. Simeonayoola1@gmail.com

Just ensure there is a witness in all.

ahamonyeka:
its a good business provided you give it to someone who is reliable and location matters too.I and my cousin bought one each for ourselves he gave his to an hausa man who run it in v.i the hausa man is really going very in remitting what he and my cousin agreed while me gave mine to a brother who is a family man just to help him and also help myself could you believe that since two months I gave this my brother he has only return 45k instead of 120k if I call him he does pick my call not until I called him with unknown number he started apologizing that his children school this and that so what am saying in effect is if you must give out give to a bachelor who is reliable or a reliable family who will deliver.[b][/b]

I wanted saying Hausa drivers are the best, but i was been careful not to be labelled a tribalist.

Well for me i only deal with Hausas as my drivers.

roqrules04:
Please bro, do you mean one can import keke from China with 98K only... and what fee is the 35K you mentioned
Cheers

No i meant cosy of bringing and clearing and all per keke napep excluding cost of buying.

It cost appriximate;y $1156 to buy a keke in china bulk

In the North, in places like Minna, some people have up to 10 Keke Napeps. They get daily remit of

N2,000 * 10= N20,000 daily.

N20,000* 7 = N140,000 weekly.

Maintenance of the keke is not that expensive, just Oil, and some little things that's changed. Budget 1,400naira worst case scenario.

But note if you give out the keke on hire purchase, you don't need to trouble yourself. Just have peace of mind as you won't even pay for maintenance.

The driver settles that.

adewasco2k:
India on my mind

They are produced in India but imported from china. As the cost of transportation from India to Nigeria is killing.

So china is where they move most from. Shenzhen Port or Guangzhou or Yiwu.

But most shippers in Guangzhou don't move because the papers required for such is different from the day to day papers for cargo

This business is an interesting one I must confess. However to go into it there are 3 principles which must be settled.

1. Location
2. Method of Remmitance
3. New or second Hand Keke


1. New or second Hand Keke. Which is best ?
I will advice you that if you want to go into the keke Napep business please get second Hand Keke Napeps not New one. Believe me it's best to buy something new good. But getting a good second Hand Keke Napeps is around 110 - 140k and the person will pay you double.

In Lagos you can easily make your money in 2 months 1week ( exact time frame my friend used to get hers back ).

There are good keke Napeps second hands.
Once more go for good second hand and not new ones. Many may decieve you that new are best, yes they are good am not disputing this. But me and you need sharp good fast money then second hand is the way.


2. Method of Remittance
The period of complete returns on a keke depends on two things :
1. the status of the Keke at time of purchase ( I.e New or second hand )
2. Does your driver work on Saturdays and Sundays ? ( Some people set any return from those days mostly Sunday as maintenance money. Some don't )
3. Agreed fee of return by driver.

There are generally two ways of paying a keke Driver.
1. Hire purchase
2. Daily Balance

I believe the two need no explanation just little extra tips.
I will never advice you to give your keke napep based on returns of Daily Balance. It's a No no. So help you whatever you believe in.

In transportation business drivers can be A pain in the house, don't even trust your brother and Lagos for that reason my brother you have to be wary.
Hire purchase is the best. In the North , Higher Purchase is what is mostly done and in the South East mostly daily Balance.

Daily return vary according to
1. Your state or Location
2. Status of Keke Napepe ( new or old )

In Niger , Katsina for example daily returns are N2000 and N3000 respectively for a new keke napep. And for second hand it is based on negotiation. But in Niger it is roughly N1500-1700/1800.

Note all the price can be subject to negotiation. However am giving you standard normal price.

In Lagos it is N4000 - N4500 ( for those plying Computer Village route ).
Note don't let anyone decieve you for the poster know what he his saying.

Now on the amount to return. There are two ways of paying back Hire Purchase.

1. Negotiated ( you and driver agrees that you bought keke marwa for say N400 and he will pay N700 )
2. Standard ( pay x2 the price. Takes place mostly in North and for second hand marwa ).


Note: payment on hire purchase is all based on negotiations.


3. Brand of Keke Napep to Buy
I can only speak for Kaduna, Kano, Kastina and Niger. TVS keke Napep is the best type, the parts are readily available and cheap. Also cost efficient.

4. Import a New Keke or Buy Here in Nigeria

If you have the know how to import, I will advice you import keke Napeps. Keke napeps are produced in India. But you can get from china wholesalers wholesalers.

Keke Napeps spare parts are produced by Chinese and are more cheaper. Most importers import the spare part from china. In fact All keke spare parts are Chinese, Chinese sell the clone cheap better than India.

22Keke Napep will make 1 20ft Container. It cost approximately 98k to bring in on the average per one ( tax and government expenses + custom clearance + cost of getting form m and all).

Note: there are cheaper ways to bring in keke napep far way cheaper than what Nigerian wholesalers sell.

I can show you ways to bring in keke napeps at flat rate of 35k per piece. It's possible. Everything is legal.

The keke business is a sweet business if you know your way and I advice students to run this type of business.

Below is a second hand keke Napep I got some time back.


www.nairaland.com/attachments/2856999_img20150914160740_jpegbe925ea15476351e01868bfe12064ff1


5. Cost of New Keke Napep
1. TVS ( N420,000 ) ** I imported this myself 11pcs but I got it way cheaper and sold back at N375k there around . if you know custom you know your way **
2. Michindra (435,000) as at Last Month November

Note! The above price is obtainable in Niger, Kaduna Kano wholesalers.

In Lagos, TVS is now 440K, Azubike Tricycles ( he sight dollar rate as reason for hike.)



5. Cost of Second Hand Keke Napep
You can get good grade 1 brand at N140,000 or N150,000.
But the general rate is N110-150,000 ( For good ones in good conditions ).




Thanks
Ymodulus

Access Bank

11:35am Today

245 / $1. Limit $1000. I used it all

$1000/day

@blymbeal on phone with visa Ng. Will call you when an done.


Tganks@ Dasanchez

If you own a poultry farm in warri or close environment, and can supply eggs in large quantities daily or weekly.


Please call me on

,**"********

Thanks

2sex:
sup bro, how do I reach you?

Your number I will call you