zohan101:
Take it easy o, we arent fighting.We just having a debate and people shouldnt get emotional about this topic please. But to answer your question; I live in Edmonton; a city in alberta.Alberta has got the highest minimum wage of $15 per hour and also the lowest tax rate in Canada.You can check to confirm what I just said.
I live in a flat shared with a flatmate.Rent is $1200 per month(all inclusive of utility bills) and we both pay $600 each..I spend $250-300 on food permonth, monthly bus/train pass of $70;Please before you argue with me on this, its my own expense oo, some1 may have a different monthly expense. So intotal my monthly expense has never exceeded $1500..that lives me with over $3500 for investments.Matter of fact I do invest minimum of $1500(#450,000) monthly im my Naira portfiolio.Same me struggled to save #50k monthly in nigeria while earning #150k permonth as a project engineer in Lagos.


Please like I said earlier its been a rewarding decisioñ for me but I have had of others who regretted after relocation..Abeg make we nor argue am pass like this bros, we all live different lives..#Cheers

Exactly what I hate about living abroad. In my case,i have a property and car . None of that bus nonesense, but I'm i really better off, so much so that I can shit on a lower upper class Nigerian. (not that I want to).


The answer is no, now consider if your job goes, hopefully that'll not happen .


It really isn't heaven. Best for someone who has no life in Nigeria

OgogoroFreak:
No. I just like ofada rice.

Ofada rice is still white rice. According to my doctor, brown rice is better.

Alright.

Focusingmore:


Exactly what I hate about living abroad. In my case,i have a property and car . None of that bus nonesense, but I'm i really better off, so much so that I can shit on a lower upper class Nigerian. (not that I want to).


The answer is no, now consider if your job goes, hopefully that'll not happen .


It really isn't heaven. Best for someone who has no life in Nigeria

Bus or Train should not be seen as nonsense if we have a functional Transport system in Nigeria.

You will find out that people can live in Ibadan, Abeokuta etc and be working in Lagos

We always hear so that people can live in Ibadan, Abeokuta and work in Lagos. Why never the reverse. Live in Lagos and work in Ibadan or Abeokuta, what are all the other governors really doing?

emmanuelewumi:




Bus or Train should not be seen as nonsense if we have a functional Transport system in Nigeria.

You will find out that people can live in Ibadan, Abeokuta etc and be working in Lagos

9jatriot:
We always hear so that people can live in Ibadan, Abeokuta and work in Lagos. Why never the reverse. Live in Lagos and work in Ibadan or Abeokuta, what are all the other governors really doing?

Check the annual report of most banks. More than 50% of the value of their transactions are from Lagos

Lagos is the commercial and financial headquarters of the country. Lagos is good for business and gives conducive atmosphere for business to thrive.

Accommodation is cheaper is Ibadan, Abeokuta, Sagamu compared to Lagos.



Ogun State now appears to be the industrial headquarters of the country

Brent 35 dollar's.....speculators and ecomomic sabotures ...fingers and neck about to be cut....

ahiboilandgas:
Brent 35 dollar's.....speculators and ecomomic sabotures ...fingers and neck about to be cut....

Nice one.
Buy/Sell = 440/455

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I was having a discussion with a few friends sometime around 2 weeks ago and they brought a subject that affects everyone of us.

The reality of Covid-19 has caused and will cause a cataclysmic paradigm shift in the way we live our lives, earn a living and our reality.

In the space of few months, businesses and companies have gone to the ground and people have lost jobs. Some Jobs are being threatened and the relevance of many other jobs are being called to question. Those who have been in between jobs prior to the Covid have been made to wait longer as most companies aren't recruiting.

But we have to survive now and post Covid.

1. What has been your reality this period in terms of how you earn a living and how you conduct business. What is the impact of Covid 19, in practical ways, in how you earn a living?

2. What are your make shift plans or thoughts on how to survive?

3. What do you think will be the reality of how people make a living post covid; what business or career path/how do you hope to earn a living post Covid-19?


4. What action plan do you suggest for me to take to earn a living?

IamR:

Nice one.
Buy/Sell = 440/455

450/505 Apapa

OBelz:
450/505 Apapa

which currency be this?

Theconglomerate:
which currency be this?

$ to naira

OBelz:
$ to naira

The gap too wide.
Did you get that price from a bureau du change?
Cos I have hardly see a bdc that has such a wide gap between buying and selling price.

Hmmm interesting question and tough too. Make i wait for the professors....

OBelz:
I was having a discussion with a few friends sometime around 2 weeks ago and they brought a subject that affects everyone of us.

The reality of Covid-19 has caused and will cause a cataclysmic paradigm shift in the way we live our lives, earn a living and our reality.

In the space of few months, businesses and companies have gone to the ground and people have lost jobs. Some Jobs are being threatened and the relevance of many other jobs are being called to question. Those who have been in between jobs prior to the Covid have been made to wait longer as most companies aren't recruiting.

But we have to survive now and post Covid.

1. What has been your reality this period in terms of how you earn a living and how you conduct business. What is the impact of Covid 19, in practical ways, in how you earn a living?

2. What are your make shift plans or thoughts on how to survive?

3. What do you think will be the reality of how people make a living post covid; what business or career path/how do you hope to earn a living post Covid-19?


4. What action plan do you suggest for me to take to earn a living?

Please see below, the indicative terms of the proposed offer:
Issuer Dangote Cement PLC
Description: Series 15 Series 16
Tenor: 175-days 266-days
Target Size:
Up to ₦50.0billion across both tenors
Discount Rate (%): 4.8833% 5.7492%
Implied Yield (%): 5.0000% 6.0000%
Offer Open Date: Thursday, 14 May 2020
Offer Close Date: Wednesday, 20 May 2020
Allotment Date: Wednesday, 20 May 2020
Issuer Rating: Aa2 (Moody); AA+ (GCR)
Minimum Subscription: ₦5.0million
Tax Consideration: Free and clear of withholding taxes

Barrytone:

Please see below, the indicative terms of the proposed offer:
Issuer Dangote Cement PLC
Description: Series 15 Series 16
Tenor: 175-days 266-days
Target Size:
Up to ₦50.0billion across both tenors
Discount Rate (%): 4.8833% 5.7492%
Implied Yield (%): 5.0000% 6.0000%
Offer Open Date: Thursday, 14 May 2020
Offer Close Date: Wednesday, 20 May 2020
Allotment Date: Wednesday, 20 May 2020
Issuer Rating: Aa2 (Moody); AA+ (GCR)
Minimum Subscription: ₦5.0million
Tax Consideration: Free and clear of withholding taxes

Nawa o. MMF is better.

IamR:

Nawa o. MMF is better.

Ok

DigitalMallam:

I'm amazed with the way you see and painted Nigeria.
Sorry to say, your likes are bad avert to this country. All what you ever know about your country is all negative. As has been aptly put by some analysts on this thread, no nation has it all.
Your type will be the one to evade tax at all cost here in Nigeria but will comply in US, simply for fear of deportation. And when they prove to you that you're an alein, you begin to shout westerners are racist.
Let me tell you the truth, you are an African and no matter how hard you tried to sell your birthright and dignity for a plate of porridge when the ships are down, you will be told the truth just as Trumps is doing right now.
You're even saddened that covid-19 death have not littered our streets with your unfounded hypothesis. I know you weren't born in the US, why haven't you died long ago before you secure visa to travel abroad since you claim we know nothing about medicine.
Where I work in Nigeria, we usually have this expatriate exchange program, westerners that visited Nigeria confessed during one of the valedictory gatherings, that Oyinbo people that ever visited Nigeria usually cry twice FIRST, when they are told they will be visiting Nigeria (because of the many negative things that is being circulated in the west, buttressed with unpatriotic elements like you) so they believe they are coming to live in hell. SECONDLY, when they come here and experience the opposite and began to enjoy life like never before (good and stable weather round the year, low tax, friendly people, respect etc) and suddenly the tenure expires and told to go back home. Thinking of what they will be missing, they begin to cry again.
When I visited Europe, most of my colleagues couldn't afford to buy or drive a car, they were all going on bicycle.
You will do side hussle investment TB, bond etc in Nigeria without any form of taxation. Opportunities abounds everywhere and that is not enough to cast your own to the dustbin

Nice one sir, but the citizens are not to be bashed sometimes at the bolded but our bad leaders and failed security system, e.g Niger Delta constant kidnapping then and the Chibok girls that gained world attention.

Barrytone:

Please see below, the indicative terms of the proposed offer:
Issuer Dangote Cement PLC
Description: Series 15 Series 16
Tenor: 175-days 266-days
Target Size:
Up to ₦50.0billion across both tenors
Discount Rate (%): 4.8833% 5.7492%
Implied Yield (%): 5.0000% 6.0000%
Offer Open Date: Thursday, 14 May 2020
Offer Close Date: Wednesday, 20 May 2020
Allotment Date: Wednesday, 20 May 2020
Issuer Rating: Aa2 (Moody); AA+ (GCR)
Minimum Subscription: ₦5.0million
Tax Consideration: Free and clear of withholding taxes

Companies are only using Commercial papers to hurriedly liquidate their outstanding debts which they have been paying between 15% to 18% interest rates to the banks

IamR:

Nawa o. MMF is better.

MMF are also falling, these are the types of financial instruments they also buy eg Treasury Bills, fixed deposits, Commercial papers, short term FG bonds etc

emmanuelewumi:



MMF are also falling, these are the types of financial instruments they also buy eg Treasury Bills, fixed deposits, Commercial papers, short term FG bonds etc

This thing tire me sef.

emmanuelewumi:



MMF are also falling, these are the types of financial instruments they also buy eg Treasury Bills, fixed deposits, Commercial papers, short term FG bonds etc

Sir, thank you so much for all your contribution to this thread.

emmanuelewumi:




Bus or Train should not be seen as nonsense if we have a functional Transport system in Nigeria.

You will find out that people can live in Ibadan, Abeokuta etc and be working in Lagos

The pain of waiting for a bus in Europe can be equally painful.

Shebi rain in Europe is the same rain in Nigeria.

Your mentality is just geared to think suffering in Europe is better.

Theconglomerate:

Too much hyping.
Small corona,half of US don dey homeless
As seen on CNN 2 minutes ago.
Yet we are the ones that are miserable.
Pure evidence that these guys have no savings and live from hand to mouth

The US is a consumerist society that encourages debt and credit cards. The virus neva hammer them 3 months and next thing over 30 million people filed for unemployment benefits. Now juxtapose with China that is heavily vested in production and by culture are good savers. We didn't hear people complaining about hunger . This should tell us a lot

Phyde:

Nice one sir, but the citizens are not to be bashed sometimes at the bolded but our bad leaders and failed security system, e.g Niger Delta constant kidnapping then and the Chibok girls that gained world attention.

My apologies if I went too direct, wasn't meant to attack anyone.

Focusingmore:


The pain of waiting for a bus in Europe can be equally painful.

Shebi rain in Europe is the same rain in Nigeria.

Your mentality is just geared to think suffering in Europe is better.

I hardly join you guys in Naija versus Abroad arguments even though most people know I am pro Naija.



With good transport system, I don't need to go out in my car every day. Why should I spent 4 hours in Lagos traffic using my own car, when I can get to my destination in less than one hour using public transport.


When I was young car were allowed to go to the island based on even and odd numbers in order to control the volumes of vehicles coming to the island.


Later Lagosians started buying 2 cars one with odd number and the other with even number.

Odd numbers can go out on Mondays, Wednesdays and Fridays.

Even numbers can go out on Tuesdays and Thursdays

Maybe if Lagos State government should introduce tax of about N5000 per vehicle per day, for any vehicle that comes into Lagos island, Victoria Island, Ikoyi and Lekki maybe it will reduce the volume of traffic in the area.

People will then embrace public transportation when going to such places. After all our politicians make use of public transportation when they are out of the country

The two major problems of Lagos are availability of accommodation and an efficient transport system

FG and Lagos State government can issue infrastructural bonds that will be utilized to open up the transportation sector.

Set up machinery to block all loop holes, imagine some of the big guns in Lagos NURTW go home with between 800k and N1 millon every day.


When a group of Chinese Investors wanted to invest over $100 million in a motor bike e-hailing business they were directed to get clearance from NURTW.

emmanuelewumi:
Maybe if Lagos State government should introduce tax of about N5000 per vehicle per day, for any vehicle that comes into Lagos island, Victoria Island, Ikoyi and Lekki maybe it will reduce the volume of traffic in the area.

People will then embrace public transportation when going to such places. After all our politicians make use of public transportation when they are out of the country

Picture 1
Abia state Governor standing in a train abroad.

Picture 2
The same Abia state Governor using more than a 12 vehicles to move around.

Trade Union should be optional. Who regulates and audits the various bodies in the transportation sectors

Government needs to remove all the bottle necks in this sector so that the sector can attract necessary funding and also make it attractive for corporate Nigeria to come into the sector.

Different business will bid for major routes, have a minimum of 500 buses in your fleet, must be a limited liability company, no union or anybody will harrass the buses of the company, they will pay taxes to government and also pay an annual route license renewal fees of about N100 million or above

emmanuelewumi:

I hardly join you guys in Naija versus Abroad arguments even though most people know I am pro Naija.

With good transport system, I don't need to go out in my car every day. Why should I spent 4 hours in Lagos traffic using my own, when I can get to my destination in less than one hour using public transport.

When I was young car were allowed to go to the island based on even and odd numbers in order to control the volumes of vehicles coming to the island.

Later Lagosians started buying 2 cars one with odd number and the other with even number.

Odd numbers can go out on Mondays, Wednesdays and Fridays.

Even numbers can go out on Tuesdays and Thursdays

Lawyers destroyed this arrangement.
Several lawsuits were filed that the policy was discriminatory and a breach of fundamental human right to movement.