Theconglomerate:
How would covid change people's behaviour post pandemic?I'm curious.
Also,what do you mean by making his place covid proof?

Forward thinking businesses will take what she wrote into consideration.
Obviously things won't be same again after this global crisis.

Read the summary of the webinar by IMF

emmanuelewumi:



Forward thinking businesses will take what she wrote into consideration.
Obviously things won't be same again after this global crisis.

Read the summary of the webinar by IMF

That is why I put question Marks at the end of every sentence.Because I did not understand what she meant and would love her to elaborate.

Theconglomerate:
That is why I put question Marks at the end of every sentence.Because I did not understand what she meant and would love her to elaborate.

Stuff like- what if social distancing becomes a way of life and people stop or reduce going to bars and joints, or they consume it in a different way that your operation isn't structured to cater for?

What if people become more health conscious and shun alcohol or suya or catfish?

What if the channel of consumption changes?

What if exchange rate affects cost of inputs and makes the booze etc harder to purchase?

What if people would rather spend their leisure elsewhere or do something different?

What if the spending priorities of the target customers change?

What if the customers lose purchasing power because of job losses?

What if insecurity increases and makes them stay home?

What of direct and indirect competition? New entrants to the location?

What of legal changes that could become permanent? Say a cap of 100 people at a location? Or no walk in customers are allowed? How will the customer experience evolve?

What if nothing changes?

What if , what if, what if...

This pandemic has changed things which won't be obvious until sometime in future. Some things won't change sha. How will your business adapt?

Hello All!

I have about 12 to 14 million naira in treasury bills. Things were pretty good as I had been doing this for years since naira was pretty stable. But the naira was devalued in March. I'm beginning to feel like Nigerian treasury bills is not even a good way to keep the value of your money. Since the money is always been devalued for example in March this year. What is the point of huge interest rate that will eventually get devalued.

Does anyone here know of somewhere I can invest this money and still keep the value. Note I'm a longterm investor and I prefer to play it safe with manageable interests as long as my initial capital's value is kept.
Thanks in anticipation.

olujaidi:


Stuff like- what if social distancing becomes a way of life and people stop going to bars and joints? Or they consume it in a different way from how it currently is?
What if people become more health conscious and shun alcohol or suya or catfish? What if the channel of consumption changes? What if exchange rate affects cost of inputs and makes the booze etc harder to purchase? What if people would rather spend their leisure elsewhere? What if the spending priorities of the target customers change?

What if , what if, what if...

This pandemic has changed things which won't be obvious until sometime in future

You're very right. I'm not an alcoholic but I consume alcohol leisure at home. Ever since the pandemic, my brother I don't drink again oooo. For a Month now. I want my immunity in top shape abeg.

12inchess:
Hello All!

I have about 12 to 14 million naira in treasury bills. Things were pretty good as I had been doing this for years since naira was pretty stable. But the naira was devalued in March. I'm beginning to feel like Nigerian treasury bills is not even a good way to keep the value of your money. Since the money is always been devalued for example in March this year. What is the point of huge interest rate that will eventually get devalued.

Does anyone here know of somewhere I can invest this money and still keep the value. Note I'm a longterm investor and I prefer to play it safe with manageable interests as long as my initial capital's value is kept.
Thanks in anticipation.

We have dollar denominated investments, contact your investment advisers.


One the long run real estate and Investment in some businesses and companies, will give you a hedge against devaluation, reason why some of us preach investments diversification

emmanuelewumi:



We have dollar denominated investments, contact your investment advisers.


One the long run real estate and Investment in some businesses and companies, will give you a hedge against devaluation, reason why some of us preach investments diversification

Im not too comfortable with stocks and shares in Nigeria because of the huge inside trading that I believe to be taking place. It usually only benefits the Dangotes and Otedolas. I'm pretty much looking for how to keep or you can call it save my 12 to 14 million with least risk from naira devaluation. I'm thinking the way to do that is to invest it in some sort of foreign currency. Do you have any ideas.

12inchess:

Im not too comfortable with stocks and shares in Nigeria because of the huge inside trading that I believe to be taking place. It usually only benefits the Dangotes and Otedolas. I'm pretty much looking for how to keep or you can call it save my 12 to 14 million with least risk from naira devaluation. I'm thinking the way to do that is to invest it in some sort of foreign currency. Do you have any ideas.

I gave three options, at least one of the options should be considered, if not think of what you think you can do with your funds

12inchess:

Im not too comfortable with stocks and shares in Nigeria because of the huge inside trading that I believe to be taking place. It usually only benefits the Dangotes and Otedolas. I'm pretty much looking for how to keep or you can call it save my 12 to 14 million with least risk from naira devaluation. I'm thinking the way to do that is to invest it in some sort of foreign currency. Do you have any ideas.

He's answered your question. FX denominated investment

olujaidi:


He's answered your question. FX denominated investment

On the long run real estate.

And some Businesses that get part of their revenue in dollars. Eg.

Dangote cement
Seplat
Airtel Africa
MTN

No matter the devaluation businesses like

Nestle always best inflation on the long run, I don't know how they do it

12inchess:
Hello All!

I have about 12 to 14 million naira in treasury bills. Things were pretty good as I had been doing this for years since naira was pretty stable. But the naira was devalued in March. I'm beginning to feel like Nigerian treasury bills is not even a good way to keep the value of your money. Since the money is always been devalued for example in March this year. What is the point of huge interest rate that will eventually get devalued.

Does anyone here know of somewhere I can invest this money and still keep the value. Note I'm a longterm investor and I prefer to play it safe with manageable interests as long as my initial capital's value is kept.
Thanks in anticipation.

Thank you,I appreciate.

emmanuelewumi:
No matter the devaluation businesses like

Nestle always best inflation on the long run, I don't know how they do it

Honestly, Nestle has always been of special interest to me due to this point you stated. I've always wondered about this, since the early 2000s.
Please how do I get to buy their shares? Thanks in advance

I'm not interested in shares or stocks.

You people give humans too much credit. History has shown that human always forget. Social distancing won't become a regular thing becAuse as human beings we are wired to be social. Anti-socialism reduces our humanity. That's why escaped convicts are always caught when they reach out to family or friends (something you would not do logically).

Pattern of consumption may change because many people may want to stock up more in the future . Also people would want to be more liquid and be cautious of where they tie their money down.

Jobs would be lost. But more jobs would be created for those that are creative. There would be a shift for online, technological ways of conducting business. I see AI playing a more dominant role in businesses moving forward.

But if na Nigerians. Leave . We no dey change. We have refused to change our attitude during the pandemic. People are still taking tricks laden with food stuff to reach their destination. Police is till complicit in enabling this despite the embargo placed by the government.

Is it post pandemic that people would change?

olujaidi:


Stuff like- what if social distancing becomes a way of life and people stop going to bars and joints, or they consume it in a different way that your operation isn't structured to cater for?

What if people become more health conscious and shun alcohol or suya or catfish?

What if the channel of consumption changes?

What if exchange rate affects cost of inputs and makes the booze etc harder to purchase?

What if people would rather spend their leisure elsewhere or do something different?

What if the spending priorities of the target customers change?

What if the customers lose purchasing power because of job losses?

What if insecurity increases and makes them stay home?

What of direct and indirect competition? New entrants to the location?

What of legal changes that could become permanent? Say a cap of 100 people at a location?

What if , what if, what if...

This pandemic has changed things which won't be obvious until sometime in future. Some things won't change sha. How will your business adapt?

Pa, are you conversant with buying foreign stocks through apps like Trevo. Can you shed more light on this?

N350/$1?

TotoNaRubber:
The decline in oil revenue for Nigeria will last for months to come, other countries badly hit by this fall are Ecuador, Iraq.

Logically, since Nigeria earns less USD since the decline in oil revenue and has high demand of USD from Importers, multinationals, businesses operating in Nigeria, it is only a matter of time before the CBN devalues the Naira.

Someone from my office offered me 500 dollars today at N350/$, deal or no deal guys?

[quote author=afroxyz post=88802948]You people give humans too much credit. History has shown that human always forget. Social distancing won't become a regular thing becAuse as human beings we are wired to be social. Anti-socialism reduces our humanity. That's why escaped convicts are always caught when they reach out to family or friends (something you would not do logically).

Pattern of consumption may change because many people may want to stock up more in the future . Also people would want to be more liquid and be cautious of where they tie their money down.

Jobs would be lost. But more jobs would be created for those that are creative. There would be a shift for online, technological ways of conducting business. I see AI playing a more dominant role in businesses moving forward.

But if na Nigerians. Leave . We no dey change. We have refused to change our attitude during the pandemic. People are still taking tricks laden with food stuff to reach their destination. Police is till complicit in enabling this despite the embargo placed by the government.

Is it post pandemic that people


As lawless as we may be, if you havent got any money,you ll moderate your behaviour by yourself and with yourself.
For example:compare spending during Jonathan's regime with that during buharis regime.


I would probably say that businesses which supply peoples NEEDS as opposed to WANTS have a greater chance of surviving the next few years.

afroxyz:
You people give humans too much credit. History has shown that human always forget. Social distancing won't become a regular thing becAuse as human beings we are wired to be social. Anti-socialism reduces our humanity. That's why escaped convicts are always caught when they reach out to family or friends (something you would not do logically).

Pattern of consumption may change because many people may want to stock up more in the future . Also people would want to be more liquid and be cautious of where they tie their money down.

Jobs would be lost. But more jobs would be created for those that are creative. There would be a shift for online, technological ways of conducting business. I see AI playing a more dominant role in businesses moving forward.

But if na Nigerians. Leave . We no dey change. We have refused to change our attitude during the pandemic. People are still taking tricks laden with food stuff to reach their destination. Police is till complicit in enabling this despite the embargo placed by the government.

Is it post pandemic that people would change?

If you read my post, you'd have seen where I said some things might not change. All those things were based on what if scenarios. No change is also a scenario. It's just thinking ahead to make you responsive to changes. Change comes with risk and opportunities. Utilise the opportunity and manage the risk

Guys what is our take on this? Anyone done TB with them before here?

walexy14:

Rosabon offers high returns on Q2 Treasury Note...

Rosabon Financial Services has offered for subscription, its second quarter Treasury Note to help customers save during this COVID-19 period. The company in statement said that Rosabon Treasury Note (RTN) offers high returns, with opportunity for interest rate as high as 16.5 per cent.The Rosabon Treasury Note (RTN), which is a bulk fund placement offering that allows individuals to gain high returns on disposable funds, is available for both new and existing customers who are saving towards a financial goal.


Read More: https://www.vanguardngr.com/2020/04/rosabon-offers-high-returns-on-q2-treasury-note/

olujaidi:


If you read my post, you'd have seen where I said some things might not change. All those things were based on what if scenarios. Nothing changing is also a scenario. It's just thinking ahead to make you responsive to changes. Change comes with risk and opportunities. Utilise the opportunity and manage the risk

Ok. We are brainstorming to see the best approach to take sha.

Do tbills with Nigerian banks only if you must still do it to avoid heart attack and stories, forget about the high interest some companies/people might offer.

davit:
Guys what is our take on this? Anyone done TB with them before here?

Theconglomerate:
How would covid change people's behaviour post pandemic?I'm curious.
Also,what do you mean by making his place covid proof?

Aviation Interior design companies are already beginning to revolutionize and design COVID-proof sitting arrangements and designs in air planes.

odimbannamdi:


Aviation Interior design companies are already beginning to revolutionize and design COVID-proof sitting arrangements and designs in air planes.

Waoooooo

This is nice

We should adapt with Coronavirus

Life goes on

TotoNaRubber:
Brethrens, i need an evaluation on this. I want to buy a land (2 plots) in a choice location for N25 million, the plots are well fenced, the owner is genuine. The problem is this;

The owner says N25m last. He has put the property up for sale since 4 years now, every year the maximum offer he gets is N20m infact in the first year, he said it was N30 million but subsequently he has come down to 25m, little did he know that if he had accepted N20 million in year 1 and invested the capital, by now he will have at least N30 million (Capital + interest 15%yr one + 14%yr two + 12%yr three + 10%yr four) in Treasury bills/bonds).

My concerns buying the property is that it will cost N70 million to develop rental property that will generate N6 million annually. This means it will take at least 15 years to recover the N95 million expenditure before starting to count profit.

My other option is investing N5 million in the property by making it a relaxation center for food and drinks, i am not sure which of the two is best.

My brother, good day.
First as a real estate guru, I think the location of that property has reached its apex appreciation. For a plot of land to be kept at 30million naira 4 years ago and till now the land has only depreciated rather than appreciating, it calls for concerns that should be investigated.

Buying a land for 25mil and building a block of flat there is not the best option. The break even is always far fetched because of the cost of the land. Before you consider the second option, you need to undertake some investigation to know the land use of the plot. It is not everywhere that you can just start a relaxation joint and the government will allow you. First try to know what type of activity the property was allocated for in the land use master plan of the area, otherwise you will venture into a business that you will spend millions to pay for deficiencies or bribe to the government. A friends big relaxation area was just demolished 3 months ago after only 3 yrs of operation because that's not the land use.

My suggestion is, depending on the location and state you reside, you can look for cheaper lands in a place that is rapidly developing, use that 25mil and buy like 5 plots at 5mil each, in 2 years that 5mil land will become 10mil each. I bought some plots for 500,000 naira last year, just last month I checked and the property now worth 1 million each.. 100% in just 1 year, just because the government asphalted the road. Look deeper bro, real estate is the real deal if you investigate well.

Gabrielclint:



My brother, good day.
First as a real estate guru, I think the location of that property has reached its apex appreciation. For a plot of land to be kept at 30million naira 4 years ago and till now the land has only depreciated rather than appreciating, it calls for concerns that should be investigated.
.

My suggestion is, depending on the location and state you reside, you can look for cheaper lands in a place that is rapidly developing, use that 25mil and buy like 5 plots at 5mil each, in 2 years that 5mil land will become 10mil each. I bought some plots for 500,000 naira last year, just last month I checked and the property now worth 1 million each.. 100% in just 1 year, just because[b] the government asphalted [/b] the road. Look deeper bro, real estate is the real deal if you investigate well.

Is there a way to know government's plans for a certain area, how close they are to actualising them and the factors preventing them from doing so?

chigo4u:

412 right now. I think dollar will hit 500 this year before dropping but won’t drop less than 400. If you have anything you need the money for currently you can change but if not just continue monitoring the rates every day

Oh well.. 500 today..

chigo4u:

Oh well.. 500 today..

Todayy Saturday
How did you know this please?

olujaidi:


Is there a way to know government's plans for a certain area, how close they are to actualising them and the factors preventing them from doing so?

Talk to Town planners or make enquiries at the Ministry of land and housing

Gabrielclint:



My brother, good day.
First as a real estate guru, I think the location of that property has reached its apex appreciation. For a plot of land to be kept at 30million naira 4 years ago and till now the land has only depreciated rather than appreciating, it calls for concerns that should be investigated.

Buying a land for 25mil and building a block of flat there is not the best option. The break even is always far fetched because of the cost of the land. Before you consider the second option, you need to undertake some investigation to know the land use of the plot. It is not everywhere that you can just start a relaxation joint and the government will allow you. First try to know what type of activity the property was allocated for in the land use master plan of the area, otherwise you will venture into a business that you will spend millions to pay for deficiencies or bribe to the government. A friends big relaxation area was just demolished 3 months ago after only 3 yrs of operation because that's not the land use.

My suggestion is, depending on the location and state you reside, you can look for cheaper lands in a place that is rapidly developing, use that 25mil and buy like 5 plots at 5mil each, in 2 years that 5mil land will become 10mil each. I bought some plots for 500,000 naira last year, just last month I checked and the property now worth 1 million each.. 100% in just 1 year, just because the government asphalted the road. Look deeper bro, real estate is the real deal if you investigate well.

Good advice.


His option will depend on the size of the fund at his disposal. Developing the property and getting N6 million rental income won't be a bad idea either provided the rental income can grow by about 5% per annum.


Your suggestion about using N25 million to buy 5 plots of land and leaving the land to appreciate is speculative and people have lost big money speculating on real estate.

I will suggest buying 3 plots of land, and use N10 million to build a bungalow of 2 flats. Then rent out the apartments, the first rental income from the property will be used to fence the property. The undeveloped 2 plots will be like a garden or farm for the developed plot of land

With this your have taken physical possession of your property, you are getting cash flow from your property and you have protected your land from land grabbers

olujaidi:


Is there a way to know government's plans for a certain area, how close they are to actualising them and the factors preventing them from doing so?

Sure.. Every state has a land use plan which is with the ministry of lands or the town planning authority.. A place where a plot of land is sold for 25mil will definetely be a developed area and must have a land use plan..

emmanuelewumi:



Good advice.


His option will depend on the size of the fund at his disposal. Developing the property and getting N6 million rental income won't be a bad idea either provided the rental income can grow by about 5% per annum.


Your suggestion about using N25 million to buy 5 plots of land and leaving the land to appreciate is speculative and people have lost big money speculating on real estate.

I will suggest buying 3 plots of land, and use N10 million to build a bungalow of 2 flats. Then rent out the apartments, the first rental income from the property will be used to fence the property. The undeveloped 2 plots will be like a garden or farm for the developed plot of land

With this your have taken physical possession of your property, you are getting cash flow from your property and you have protected your land from land grabbers

Nice one sir

You wount just go and buy a land anywhere. There are places that the government has mapped out for development. In Nigeria we development is usually Transit Oriented development (Tod). If one knows a place the government is trying to build roads, its always best to invest there.. The appreciation value of such places grows geometrically. Not just roads, but maybe other developments like housing estates and others..