RealityShot:
plus greed makes those who cashed out return... Try again

Sir thank you for teaching me how to do stocks properly.
I made 17% this year following your instructions here.

(though I regret leaving early)
Thank you very much for your free tips here.

You make it easier than Warren Buffet does!

Yes, ooo. Pa Emma is our own Warren Buffet!

Hi Sir Emmanuelewumi, I got this mail earlier today.

I'm an active united capital client and though I don't do stocks for now cause I've been using my mental reasoning to learn other things but learning stocks is one of my to-do-list next year.

I've been passively observing the balance fund and equity fund on my dashboard for sometime now.

I think the former hasn't gotten a negative yield this year but I'm sure the latter always goes up and down.

Can you explain what the balance fund is about and if it's a safe haven to low and medium risk taker like myself.

Also can I be a player in the NSE by leveraging on united capital as my fisherman to fish out the performing stocks into my net?

Ikjosh04:
Hi Sir Emmanuelewumi, I got this mail earlier today.

I'm an active united capital client and though I don't do stocks for now cause I've been using my mental reasoning to learn other things but learning stocks is one of my to-do-list next year.

I've been passively observing the balance fund and equity fund on my dashboard for sometime now.

I think the former hasn't gotten a negative yield this year but I'm sure the latter always goes up and down.

Can you explain what the balance fund is about and if it's a safe haven to low and medium risk taker like myself.

Also can I be a player in the NSE by leveraging on united capital as my fisherman to fish out the performing stocks into my net?

Balanced fund invests in money market instruments, bonds and equities

emmanuelewumi:



Balanced fund invests in money market instruments, bonds and equities

Okay, an investor with balance fund portfolio will be sitting on 19.42% profit unlike mmf and bond that's 1% and 6.92 respectively?

How secured is the capital in such portfolio?

Please you didn't answer the last part of my previous question.

Ikjosh04:


Okay, an investor with balance fund portfolio will be sitting on 19.42% profit unlike mmf and bond that's 1% and 6.92 respectively?

How secured is the capital in such portfolio?

Please you didn't answer the last part of my previous question.

You have to be responsible for your portfolio so get financial education, knowledge, information and be current about the economy, if you can't do these I will advise you to stick to cash or money market fund.

With the right information investors made between 50% to 100% between March and now investing in Dangote Sugar, Lafarge cement, Flour Mills, Neimeth etc.


The border closure positively affected the fortunes of Dangote Sugar, Flour Mills, Presco, Okomu etc

emmanuelewumi:
With the right information investors made between 50% to 100% between March and now investing in Dangote Sugar, Lafarge cement, Flour Mills, Neimeth etc.


The border closure positively affected the fortunes of Dangote Sugar, Flour Mills, Presco, Okomu etc

How so?
Just curious

Please someone show me the thread for Crypto investors & traders.

TransAtlanticEx:
How so?
Just curious

There turnover and profits increased.

Dangote sugar, Floor Mills and BUA sugar are the 3 sugar manufacturers I know of in Nigeria.

Presco and Okomu have Palm Oil plantation in Edo state and some states in the South South region, the border closure also favoured them. Importers could not important Palm Oil from Malaysia and other Asian countries

jmanity:
Please someone show me the thread for Crypto investors & traders.

Type binance into telegram

emmanuelewumi:


There turnover and profits increased.

Dangote sugar, Floor Mills and BUA sugar are the 3 sugar manufacturers I know of in Nigeria.

Presco and Okomu have Palm Oil plantation in Edo state and some states in the South South region, the border closure also favoured them. Importers could not important Palm Oil from Malaysia and other Asian countries

Yes I know of palm oil smuggling and all that.
But where I was shocked was sugar and flour.
Do people still import that and succeed to sell and make profits in Nigeria?

TransAtlanticEx:
Yes I know of palm oil smuggling and all that.
But where I was shocked was sugar and flour.
Do people still import that and succeed to sell and make profits in Nigeria?

They don't import them, they smuggle them into the country.

jajeri3216:


Type binance into telegram

I mean on Nairaland here

emmanuelewumi:



They don't import them, they smuggle them into the country.

It is impractical to smuggle sugar and flour into Nigeria oo bros.Instead sugar is smuggled out of Nigeria.
You cant smuggle sugar into Nigeria and pay duty for cotonou and smuggling expenses to Nigeria plus very high cfa now and be cheaper than Dangote and BUA them.
So it is why I was wondering how border closure helped their business.

TransAtlanticEx:
It is impractical to smuggle sugar and flour into Nigeria oo bros.Instead sugar is smuggled out of Nigeria.
You cant smuggle sugar into Nigeria and pay duty for cotonou and smuggling expenses to Nigeria plus very high cfa now and be cheaper than Dangote and BUA them.
So it is why I was wondering how border closure helped their business.

Dangote himself complained in 2019 how the activities of smugglers are affecting sugar manufacturers in Nigeria. Probably inferior or expired products were imported by the smugglers in order to increase their profit margin

emmanuelewumi:



Dangote himself complained in 2019 how the activities of smugglers are affecting sugar manufacturers in Nigeria. Probably inferior or expired products were imported by the smugglers in order to increase their profit margin

This was when CBN still maintained artificial naira na.
It is impossible to import anything via land borders now because of weak naira.
As I am talking to you now,smugglers on the southern end of Nigeria have stopped importing rice due to Very strong cfa.
So that's why I was surprised.

TransAtlanticEx:
It is impractical to smuggle sugar and flour into Nigeria oo bros.Instead sugar is smuggled out of Nigeria.
You cant smuggle sugar into Nigeria and pay duty for cotonou and smuggling expenses to Nigeria plus very high cfa now and be cheaper than Dangote and BUA them.
So it is why I was wondering how border closure helped their business.

I think Dangote imports sugar-cane/raw materials from Brazil.

Olaide1295:

I think Dangote imports sugar-cane/raw materials from Brazil.

Yes and process and refine them here.
So how do you smuggle and be cheaper than someone that has that kind of capacity in Nigeria?
Bros,you cant smuggle sugar into Nigeria,especially now that naira is very weak.
One of the advantage of devaluation.
Even rice smugglers from The south of Nigeria have stop smuggling it into Nigeria because it will be too expensive due to weak naira.

Foreign rice that is smuggled is 21k. Locally produced rice is 28k+.

Can you explain this with your CFA strategy @TransAtlantic

Pls someone help me with the answer to this...on savings account that receive monthly interest, what is the maximum number of debit transactions allowed??

lol as expected.

tracyorez:

Things have been moving since after the mail I sent copying first contact and cbn.
He first told me to write for the loan to be officially closed and yesterday,he sent a message that I should officially write again that treasury should release my money which I couldn't go yesterday but did it first thing today.
Immediately I walked into the bank,the lady that told me it will take time before and a second lady who told me she doesn't know if the money dropped starting saying "madam why now,why now ,that mail you sent,our boss called and directed we conclude the case asap that's why we told you to come and write yesterday bla bla bla at least you have now seen that indeed treasury withheld your money bla bla bla".but I told them to give me paper to officially write what I came to write and after writing,I told them I am closing the account once the money drops and other accounts I have with first bank and they became cold and I just walked out.
Infact I don't know how this case would have been if I dint involve you guys.
I really appreciate all the advice I got here.
I am now certain an alert will come and
I don't feel guilty cos they are trying to make me.

...

kristien4:
Pls someone help me with the answer to this...on savings account that receive monthly interest, what is the maximum number of debit transactions allowed??

3

Tobex4realTobex234:
Foreign rice that is smuggled is 21k. Locally produced rice is 28k+.

Can you explain this with your CFA strategy @TransAtlantic

When last did you buy foreign rice oga?
Because as I dey talk to you now foreign rice na 35k for Port harcourt.Ask anybody.
Cfa is now N795/1000xaf from N530/1000xaf.
Which means what N5300 could buy before in those countries can be bought now with N7950,and this is exchange rate alone.
When you add other factors and transport and bribe,the business is already futile.
As I dey talk to you now,No one does it again from the south.
I don't know about smugglers in the west.

On the issue of rice
Rice should never sell for more than 10k but for the restrictions that has been placed by the Govt,
Rice grows like grass in monsoon regions and does not need the kind of input Nigeria will be forced to provide to become a rice producer
On a free market situation rice lands at west African ports for a max price of 6k
Surrounding west African countries especially Benin republic have built an economy that capitalises on the weakness in Nigerias policy,
They are the chief beneficiaries of petroleum subsidy(check mrs petroleum)
They lower import tariffs on items banned in Nigeria and instead make up for it as export tariffs(check out frozen chicken, turkey, ororo, tokumbo cars and clothes, and now rice)

TransAtlanticEx:
When last did you buy foreign rice oga?
Because as I dey talk to you now foreign rice na 35k for Port harcourt.Ask anybody.
Cfa is now N795/1000xaf from N530/1000xaf.
Which means what N5300 could buy before in those countries can be bought now with N7950,and this is exchange rate alone.
When you add other factors and transport and bribe,the business is already futile.
As I dey talk to you now,No one does it again from the south.
I don't know about smugglers in the west.

Immediately after the protest and the aftermath.smugglers were able to smuggle and Rice was sold @19 k for like 2 weeks. The 3 week it got to 21k-24k when Nigerians started reselling.

Sleekteddy:


Immediately after the protest and the aftermath.smugglers were able to smuggle and Rice was sold @19 k for like 2 weeks. The 3 week it got to 21k-24k when Nigerians started reselling.

Rice sold for 12k on the day boys chased customs away from their duty posts down here, second day customs regrouped with military police and came out, rice started climbing back to where it is now @ 24-28k

Sleekteddy:


Immediately after the protest and the aftermath.smugglers were able to smuggle and Rice was sold @19 k for like 2 weeks. The 3 week it got to 21k-24k when Nigerians started reselling.

Yes because the protest took away all the customs and security agents from the roads making their expenses less.
The price must have gone back up now,just check.
Besides,I always talk about smugglers activity from the parts i know of.
I don't have much connect and information on the western part of Nigeria.

TransAtlanticEx:
Yes I know of palm oil smuggling and all that.
But where I was shocked was sugar and flour.
Do people still import that and succeed to sell and make profits in Nigeria?

Shebi people still import tooth picks.

NL1960:


Shebi people still import tooth picks.

Tooth pick isn't illegal to import.
When you have a Giant factory as Dangote and BUA locally and still smuggle and sell cheaper than them for a voluminous goods such as flour and sugar is impossible,especially now that naira is weak.
Smuggling voluminous goods is expensive,cos you cant hide them.So you have to pay everyone making it a very expensive process.
Then after all this you come ans sell cheaper than dangote?imposicant!
You might not understand.

TransAtlanticEx:
Tooth pick isn't illegal to import.
When you have a Giant factory as Dangote and BUA locally and still smuggle and sell cheaper than them for a voluminous goods such as flour and sugar is impossible,especially now that naira is weak.
Smuggling voluminous goods is expensive,cos you cant hide them.So you have to pay everyone making it a very expensive process.
Then after all this you come ans sell cheaper than dangote?imposicant!
You might not understand.

I understand ke. It is Dangote sugar that i buy for my kids now when they are going back to school.