ahiboilandgas:
20 plot out already hoping to make a 100 percent profits ..10 plots is suppose to return the investments ,the 10 plots and some small extras will be the profits ...

Oyindamolah:
Thanks! But I don't have any experience or cash to start a business

Stocktrader:


American Airlines, Delta Airlines (baba in profiting) KLM, QANTAS to mention a few.

Lazyyouth4u:

Ethiopian Airline is profitable. Low cost base.

ahiboilandgas:
Why did Ndic insurance all accounts in Nigeria with 500k max .because only 10 percent of accounts in Nigeria have 500k and above .so 90 ( 5) percent of accounts are covered..so of the 50m accounts in Nigeria (bvn ) only 5m accounts have 500k and above all the 45m accounts are useless to the data miner .so Naira to speculate can only come from.the 5m accounts holding the 3 trillion naira holding ....the artificial intelligence and algorithms can predict perfectly any strange movements to bid from this accounts...

emmanuelewumi:



The first two are about the biggest in the world. Look at the age of the business and their financials, profit margin etc airline business is not among the top 10 profitable businesses.

Stocktrader:


You ask name the any profitable airline, you were given names, now you are telling me the first two are the biggest, look Airline business is very profitable, just like any other business, you always have Winners and loosers.
Let me list two again for you, RyanAir and EasyJet.

You are talking to Former 747-400 Pilot, Thank you.

chigo4u:
Cbn is doing everything to reduce demand of dollar why some folks here are doing their best to cause others to sell in panic.
My advice if you are saving your money in dollar for the long term do not panic sell, if not, follow the trends. CBN will soon hit a brick wall and realize their policies can’t stop naira from staying at it’s true value, unless crude oil revenue improves!
Like someone said earlier, free market will always win. CBN should get ready to involve the military to keep defending the naira. Clowns

emmanuelewumi:



You look at profitability on the basis of the compounded annual growth of the profit, consistency of the profit and the profit margin from the business.

Ethiopian Airline is the most profitable in Africa with a profit of about $200 million, not bad for a business of over 70 years operating all over the world..

MTN Nigeria and Zenith bank are 20 years and 30 years old, they operate solely in Nigeria they make far more than that

Dangote cement, UBA, GTB, Airtel Africa, MTN group, Access etc they operate within Africa they all make more than that.

Analysts have already predicted that the current pandemic will affect the profitability of the Airline industry for the next 24 months.

In any business, there will be losers and winners. But in a situation where the losers are more than winners, break even period is long, business is capital intensive and profitablity is cyclical call for cautious optimism, experience, knowledge, patience, prudence and creativity.


Since you are a retired pilot, hopefully one day you will own your own airline and join the few profitable ones in the country and in Africa

emmanuelewumi:



You look at profitability on the basis of the compounded annual growth of the profit, consistency of the profit and the profit margin from the business.

Ethiopian Airline is the most profitable in Africa with a profit of about $200 million, not bad for a business of over 70 years operating all over the world..

MTN Nigeria and Zenith bank are 20 years and 30 years old, they operate solely in Nigeria they make far more than that

Dangote cement, UBA, GTB, Airtel Africa, MTN group, Access etc they operate within Africa they all make more than that.

Analysts have already predicted that the current pandemic will affect the profitability of the Airline industry for the next 24 months.

In any business, there will be losers and winners. But in a situation where the losers are more than winners, break even period is long, business is capital intensive and profitablity is cyclical call for cautious optimism, experience, knowledge, patience, prudence and creativity.


Since you are a retired pilot, hopefully one day you will own your own airline and join the few profitable ones in the country and in Africa

Stocktrader:


First of all I resigned and not retired as I went into private investments. I'm still young if i want to keep flying for the next 30 years.

Secondly, i did not mention Ethiopian Airline, and Airline industry as a whole generates more than $800 billion dollars revenue annually, it's very profitable and majority, if not you won't see people trying to invest in it.

An investment that returns you 9% averagely each year is a good investment, some make far more than that, now check if you invested $1billion and after expenses and tax you still get $90m, is that not good ROI?

Olaide1295:


An active investment that returns 9% in Nigeria is not very profitable.
If you took a bank loan, then you’re at a loss already. Without even thinking about inflation.

Stocktrader:


I don't talk about Nigerian, beside let me ask you, as a Nigeria, If you invest 1 billion naira and in a year you got 90m, is that a bad business?

Cyberknight:


In Nigeria, its not a bad business per se, but inflation at above 12% has eaten up the profit, is what the previous poster was trying to say.
If the funds were borrowed from a bank at current interest rates, it's a loss.

Stocktrader:


Nigerian Banks with their interest rates are theives.

Cyberknight:


Lol.
Na the CBN dey set MPR, which is now high because of its anti-inflation stance.
It's all basically rubbish because at such lousy interest rates, lending is bound to be depressed.
It's the lousy charges the banks stuff into their loans that are truly mind-boggling.

Stocktrader:


Nigerian Banks with their interest rates are theives.

ositadima1:


You raised an interesting point here, I checked the bank lending rates in some other countries and found them to be much lower, places like us it's bellow 4%. If the exchange rate becomes stable, people abroad with access to these loans can arbitrage. Their are a lot of investments that give 10% and above in Nija. The NSE for one.

ositadima1:


You raised an interesting point here, I checked the bank lending rates in some other countries and found them to be much lower, places like us it's bellow 4%. If the exchange rate becomes stable, people abroad with access to these loans can arbitrage. Their are a lot of investments that give 10% and above in Nija. The NSE for one.

Stocktrader:


I wish I could invest in NSE , But Na, I don't just trust Naija Economy.

Cyberknight:


African airlines are generally not profitable true, but many foreign ones are, or rather were pre-pandemic.
Delta, Ryanair, Easyjet included.
Of course the pandemic has affected their businesses, just like it has affected hospitality, tourism and other sectors, but it will bounce back, the question is just when. That's why Buffet sold his airline stock. He was previously heavily invested in airlines.

Not all of them live off government subsidies. The really subsidised entities are actually the major aircraft manufacturers, Boeing and Airbus.

Secondly, Nigerian banks are not really profitable entities, they just deduct charges from customers accounts and recycle the whole thing and do very little actual banking.

emmasoft:


Most Nigerians have never trusted Nigeria economy but over the years and till now foreigners come here invest, make their money and go back to their country. All we do is complain about the economy. NSE is still a place you can make money. Let's support our brand.

emmanuelewumi:
Delta made the biggest profit of $4.1 billion on a revenue of $45 billion, using assets worth $62 billion to generate a profit of $4.1 billion.

That is a return on asset of about 6%

Stocktrader:

See when you have Asset of $62 bill You should know that even 2% on return of asset is a good profit.

This is not like using $1000 to be chasing $500 returns. This is not Bankable Risk

eddie7:
I went through CARBON's investment plans. It's interest rate is good & tempting. Anyone with an idea or experience with its services?

Stocktrader:


Yea, Just like Virgin Nigeria came and made loss and go, Truth be told apart from the oil sector, Telecoms, no investor will come to Nigeria with it current state to do business, Please do not tell me Chinese are investors.

Pascopele:
DON'T MY UNCLE IS REGRETTING.

emmanuelewumi:


Experience is the best teacher.