Wotowotoman:


They are targeting USD accounts and it is 50 naira per deposit that they will use to discourage people from keeping dollars? Something that still applies to NGN accounts?

Please just stop posting about what you don’t know. You wey don jakpa go siddon for your small room wey you dey cack after hustling from morning to night and then dey write crap about Naija to put fear in people minds. Guy just shut the hell up!!!

Wotowotoman:


Guy you wrote this hopeless epistle because of N50 per deposit? Money wey dem go also collect from Naira account. And you go think say you sound very smart. Na wa o.

Wotowotoman:


Guy you wrote this hopeless epistle because of N50 per deposit? Money wey dem go also collect from Naira account. And you go think say you sound very smart. Na wa o.

kolamilan:
Hello house, I saw this notice in my mailbox.

Allboiz:
Good day everyone

I invested 25k in ucap equity fund last Thursday to test the waters since the interest rate for their equity fund is 44.53%.

I opened the account today and saw 24800, which is loss.

Would you advise I withdraw my remaining fund or be patient?

Hamachi:
I noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses.

This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote.

The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses.

They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business.

Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella.

Dangote started hiring Indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them.

Hiring these guys comes at a steep price.

Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency.

Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them.

You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion.

Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him.

He has been with him since 1992, when he joined the business as a general manager.

At that time, Dangote was still a mega importer and a trader.

Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company.

He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa.

When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year.

Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. .

The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national.

The same with the CEO of Dangote Cement.

Now I want to understand:

Why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, Indians, or Lebanese than Nigerians to manage their businesses in Nigeria?

Are they more ruthlessly efficient than their Nigerian business executives?

Is there any reason why this is so?

RayRay06677:


You might be right, greater percentage here stop doing TB about 3yrs or more ago.

When we don't have express answer, must we lie or ASSUME with wrong answers to make us happy. Better left unanswered than passing wrong information. My thoughts though.

In general, folks here are doing just great, a deviation from an average Nigerian or nairalanders. They attempt all questions and that ain't bad.

You would have answered without scolding members as nobody is paid to answer questions. I only beg for answers when I ask, not my inalienable right to get answers.

Now the real problem with nigerians is the ENTITLEMENT mentality.

cutedharmee:
Good day everyone. Pls when is the next treasury bill Investment Sir's/Ma's

unite4real:


The auction was held on Friday because Wednesday and Thursday were public holidays.

skydiver01:
Kindly find below the NTB Auction results for 30 June, 2023.

aieromon:


This is for Sukuk IV.

Nero4306:
Good Morin hux…. Hope we should be expecting our sukuk payment by tomoro

Wapgod:
Is it possible to invest in Ghana EuroBonds as a Nigeria?

Tinu4real:
Hi,I am a financial advisor with Axamansard insurance PLC. For more info,you can reach out to me via DM and I will give you my official mail and contacts so you can reach me officially.

emmaodet:


Totally agree with you bro.

The US is holding too much power for one country.

ositadima1:
Was wondering about d safety of my investments. Are treasury bill, bonds, stock, bank accounts etc really safe?

Given that the information tying me to my investments are now warehoused electronically, at least most of them. What happens if their is a system wide failure? Becoming wretched over night, lol.

For example, a very large electromagnetic pulse can wipe electronic data on a massive scale. Events like nuclear war (USA vs Russia unrests or even North Korea vs World), solar flare from outer space...

Really scary stuff.

emmanuelewumi:
For those in the real sector and other entrepreneurs.

Bank loan can be used for the expansion of your business, the bank won't give you start up capital