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Nairaland Forum / Condomuser's Profile / Condomuser's Posts
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Oh |
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Akpororo is a fool. |
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It seems to be an Islamic bond, when i read the terms and condition of it, it seem to be a bit complicated investing into it. I think it is more risky compared to TB or the use of the funds is to do some Northern projects. yomi007k: |
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HAHA I remeber when i did my service, i didn't even show up for one single minute, everything was arrangee, thunder fire dem. |
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Start with Fulani Programming language 17 Likes |
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Fuvck her nyash Pathosky182: |
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I see what you mean, the N510/$ was an example, in Nigeria things easily get out of hand, it may go up to N950/$ in 5 years from now. The Buhari govt will even borrow usd and pump into the Nigerian market to ensure they get a second tenure, the $ 42 billion reserve is only on paper, the impact on the society is never felt. When the govt. steps down that is when we will truly know the value of Naira. The other instruments you mentioned like US bond is good but only for US residents. Eurobonds is only for USD which is limited for a lot of Investors. There is an option for foreigners in most countries to buy off shore properties which can generate rental income but it is capital intensive. TB would have been sweeter if the Naira was stable, a car you can buy now with N10m will likely cost N20m in 5 years time. That's the effect of an ailing economy, there was a good reason Abacha webt to Swiss ![]() Let us hope Nigerian will not get to this point in the pics. awesomeJ: 2 Likes
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This is pure violation of his human rights, only in Nigeria. |
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Wipe out implies making tb capital and interest useless. For example, according to statistics within the next five years the value of Naira against other major currencies will fly near or more than N510/$ (this already happened in 2016). Now, If A and B has $100,000 each and A converts and invests $100,000 in TBills while B decides to smoke weed with $100 and keep $99,900, funny enough after 5 years B will still be richer than A. But there are ways A can do slightly better than B by taking educated risks. In an unpredictable economy it is advised not to be a greedy investor. hias2012: 1 Like |
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I did a 2 hours calculation on the Interest yield from TBills for a 3 year period at a stable 15 percent per annum and re-converted the yield and capital after 3 years to a more stable currency, my discovery was absolutely shocking. In summary, Nigerian economy is unstable, inflation will continue to rise. Inflation kills proceeds from Investment at the International level. All your Tbills proceeds in 10 years can be wiped out if a storm like what happened in Dec 2016 happens again. But keep investing and minimize risk through diversity. 5 Likes |
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I don't think your suggestion is right. No bank in Nigeria will give you 2 percent interest for depositing Euros with them. ahiboilandgas: 3 Likes |
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Mikel get car seats for these kids, do you carry them on your lap while driving in the streets of London ? |
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Wow so he promised 3 million jobs and then sent 11 million people into unemployment. That means he has unemployed 14 million people � KikBuhari2Daura: 1 Like |
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Yul is using Gejs hands to grab his own balls |
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This man from Daura again, shebi na you dey print the dollar? |
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Watch a program called 90 day fiance with a yoruba boy micheal and angela. |
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It loooks like some dollars, are you near the scene to confirm this ? gssdobi: |
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Ordinary N1m Hahaha, do you have another N1m you are not using ? 5 Likes 1 Share |
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I see nice one, it is good at the same time there are many cons to it, considering the Nigerian economy is very unpredictable, buying long term debt instrument is rewarding with a stable economy. The possibility of the government or banks going Awol with the funds is 50 : 50, there is a lot of looting going on in the government, when bubu steps down that is when we shall truly know if the country's reserve rest at the publicized $ 42billion. This is not to discourage investors but any investment that transition/run into to a new government has more chances of default in a dwindling econony. freeman67: |
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There is no better way to liquidate T-Bills, the bank you invested the money with will chop you at any premature termination. Just go with what they offer and pursue your dream investment. CNN80: 1 Like |
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Can you clarify this. Even though it is called Euro bond, it is denominated in USD and investment currency is in USD. Is there any changes to it at the moment, which of the banks are offering it at the moment, their rates and tenure. This information will be useful to some investors. ahiboilandgas: |
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Mikel call your fada ![]() ![]() |
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Move to Lagos. Bikoharm is northern form of yhoo yahoo. 1 Like |
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I once entered a vehicle for a 7 hours trip, the calibre of people i met while on the journey was alarming, i knew i had 7 hours boring time so i joined in the discussion. I did some psychological analysis and realised the guy in the front seat whose mouth was the loudest had invested millions in MMM, i am not an advocte of ponzi scheme but guess what i deviated and started positive talks on the durability of MMM. It was at the time MMM closed and was to re-open in january which never happened. The guy at the front seat who had the biggest mouth was so happy thinking he had seen his fellow MMM mugu, but i only joined the conversation to kill time. Unfortunately MMM never came back and he lost all. Moral of the story : Someone who may claim to have 30 Billion is possible doing so to lay hands on your N1m, enjoy the conversation and stick to what you know. 11 Likes |
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Chei |
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i am sure that yansh will not fit on any flights economy class seat |
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