ojesymsym:
In the line of the ensuing arguments, I am tempted to think that maybe ponzi actually help CBN mop up cash from the system even though it is not a deliberate policy. With lots of these cash trapped in these ponzi, CBN only needs to worry about the other cash not trapped there. lol

Only a tiny fraction-less than 1%.

TransAtlanticEx:
Ponzi money doesn't disappear from the economy,it just move from one spender to the next,to the next,to the next and to the master conman who would want to move the funds out of the country.
So in essence,it helps depreciate the currency of the country as the master conman will want to move all that earned naira ashore,far away from EFCC reach.

Very true.

Maybe they're the ones pushing the high rates since they got the naira practically free.

Banking in Nigeria has the best of both worlds. They are both an online business and a normal brick and mortal business. Close their branches and they utilize their online shop. Apart from that, I think they invest in improving their efficiency.
I wish there was a way to get our civil service to work same way, professionally.

emmanuelewumi:
Good Q3 performance by Access Bank and Zenith, I don't understand how these guys mint money in this economy especially during a pandemic

Comeandcollect:
Opinion
An International Bank wants to borrow lend me N27. 5 million to repay over a period of 4 years (48 months) at 4 percent interest rate (N1.1 million interest only), I would like to know if this is a good offer considering the fact that they are giving me foreign currency and I will keep up repayments in foreign currency. Is this a good loan considering i would like to invest the money in Nigeria.

I do not have or know of any business that can generate sufficient income to service the loan so any business ideas is welcome too.

Thanks

An international bank just wants to give you almost N30m (in foreign currency) unsecured just like that? Without you showing them a use for the funds or how the funds will be repaid? Very strange in these times we are in.

If you have to come on a faceless forum to ask strangers what to do with the loan or for business ideas, then for your own good I seriously advise you not to even bother taking the loan.

awesomeJ:


Very true.

Maybe they're the ones pushing the high rates since they got the naira practically free.

sure.
And they've got a lot of naira courtesy dunb Nigerians

TransAtlanticEx:
sure. And they've got a lot of naira courtesy dunb Nigerians

Not just dumb folks, greedy and FOMO ones too.

awesomeJ:


Not just dumb folks, greedy and FOMO ones too.

One sef dey hear weh I'm sure is a ponzi promoter pretending to be an investor weh dey always knack una drum for here.
Anytime I see his ponzi preaching and big empty talks I just smh. ..That eket guy or so.
Goats will be goats sha.

awesomeJ:

Not just dumb folks, greedy and FOMO ones too.

FOMO
Chai... IT'S in dictionary O!

RealityShot:
FOMO
Chai... IT'S in dictionary O!

I don't understand, like you were surprised to find FOMO in the dictionary?
The surprise shouldn't be enough to "chai" you now.
I hope you neva vex that I'm canvassing low rates sha. 18% may never come again.

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.

My mum still bought 2 bags of rice last week Sir. Foreign rice 21k each. Local rice was even more expensive.

Tobex4realTobex234:



My mum still bought 2 bags of rice last week Sir. Foreign rice 21k each. Local rice was even more expensive.

Your mom must be a smuggler I guess.
21k say how much be the rice for cotonou?
Maybe na stolen palliative she buy.
Always talk about market price bros.

I believe your mum bought Nigeria Foriegn or she got a good bargain from someone with old stock or maybe it's Half bag of imported Foriegn...the long and short is Foriegn rice is between 35,000 to 40,000 naira since 1st November 2030 till date

Tobex4realTobex234:



My mum still bought 2 bags of rice last week Sir. Foreign rice 21k each. Local rice was even more expensive.

Don't ever be rude to anyone's Mum, whether offline or online...You can justify your arguments without being rude...

TransAtlanticEx:
Your mom must be a smuggler I guess.
21k say how much be the rice for cotonou?
Maybe na stolen palliative she buy.
Always talk about market price bros.

gaeul:
Don't ever be rude to anyone's Mum, whether offline or online...You can justify your arguments without being rude...

.
Where is the "rude" in my comment?abi you want just talk?
Don't ever quote me again,Rubbish.

The fact that you don't even know that you are always rude and insulting makes your case a very helpless one. Calling someone's mother a smuggler, and sees nothing rude in it shows how bad you were raised by your parents, very sorry to say your parents did a terrible job raising you as a child.

TransAtlanticEx:
.
Where is the "rude" in my comment?abi you want just talk?
Don't ever quote me again,Rubbish.

Tobex4realTobex234:



My mum still bought 2 bags of rice last week Sir. Foreign rice 21k each. Local rice was even more expensive.

Are you sure? Where is that?


We should do our due diligence and avoid goods that are very cheap, some are stolen or looted during the last unrest in the country

TransAtlanticEx:
Your mom must be a smuggler I guess.
21k say how much be the rice for cotonou?
Maybe na stolen palliative she buy.
Always talk about market price bros.

You are an idiot of celestial proportions. If your own mother failed in her parental responsibility of training you and you dropped out of school to be a smuggler, that doesn't mean everyone has your bad luck. Not everyone's mother is a criminal like yours.

Whiteshield:


You are an idiot of celestial proportions. If your own mother failed in her parental responsibility of training you and you dropped out of school to be a smuggler, that doesn't mean everyone has your bad luck. Not everyone's mother is a criminal like yours.

quote me with your main account if your mind reach,animal.
Anybody that say she bought foreign rice for 21k at this time is either a smuggler or a loot patron,I reiterate.

Donbrig:
The fact that you don't even know that you are always rude and insulting makes your case a very helpless one. Calling someone's mother a smuggler, and sees nothing rude in it shows how bad you were raised by your parents, very sorry to say your parents did a terrible job raising you as a child.

Your tiny,myopic,daft opinion which I honestly don't care about.

TransAtlanticEx:
quote me with your main account if your mind reach,animal.
Anybody that say she bought foreign rice for 21k at this time is either a smuggler or a loot patron,I reiterate.

Why don't you quote me with your own previous moniker which you used to threaten to kill your competitors at Aba? You useless armed robber.
You're a poorly socialised ape deprived of parental love and home training.
FYI, Foreign rice prices crashed as smugglers like you took advantage of the absence of Customs personnel at the land borders to move rice in. If not that you are bereft of reasoning, you would have known that.

Whiteshield:


Why don't you quote me with your own previous moniker which you used to threaten to kill your competitors at Aba? You useless armed robber.
You're a poorly socialised ape deprived of parental love and home training.
FYI, Foreign rice prices crashed as smugglers like you took advantage of the absence of Customs personnel at the land borders to move rice in. If not that you are bereft of reasoning, you would have known that.

Ode,cotonou cfa is N830 / 1000cotonou cfa,this should tell you the buying price alone of the product in cotonou is more than 21k.
So even If there was no bribe paid,how much will transportation be?
The landing price of the rice will already be at 27k or so.
So how did she buy at 21k in Lagos or even if na seme she dey live?
It clearly points out that she bought looted rice,ode.
Quote me with your main,pig.

TransAtlanticEx:
Ode,cotonou cfa is N830 / 1000cotonou cfa,this should tell you the buying price alone of the product in cotonou is more than 21k.
So even If there was no bribe paid,how much will transportation be?
The landing price of the rice will already be at 27k or so.
So how did she buy at 21k in Lagos or even if na seme she dey live?
It clearly points out that she bought looted rice,ode.
Quote me with your main,pig.

You're an animal starved of parental love and human socialisation. Anywhere you go, you would always be an outcast. I am not a rice seller or dropout snuggling fake products. If you need clarification, go and ask them where they sell rice. My own is that not everyone's parent is a smuggler like yours. If you use insults to bathe your parents and you roll together in the mud like pigs, don't extend your lack of home training to others. Anumanu.

Whiteshield:


You're an animal starved of parental love and human socialisation. Anywhere you go, you would always be an outcast. I am not a rice seller or dropout snuggling fake products. If you need clarification, go and ask them where they sell rice. My own is that not everyone's parent is a smuggler like yours. If you use insults to bathe your parents and you roll together in the mud like pigs, don't extend your lack of home training to others. Anumanu.

This same courage you get so to dey shalaye,if na so una be dey get when una meet person one on one e for good ooo
Do I sell rice?
Pig.

TransAtlanticEx:
This same courage you get so to dey shalaye,if na so una be dey get when una meet person one on one e for good ooo
Do I sell rice?
Pig.

What would you do? The last time you were arrested by the police for defrauding someone and selling counterfeit goods, was it not your mother you called to bail you at the station? Crybaby. By the way, I like how you signed off with your surname.

emmanuelewumi:


Are you sure? Where is that?


We should do our due diligence and avoid goods that are very cheap, some are stolen or looted during the last unrest in the country

Due diligence to buy a bag of rice? Very soon we will be doing DD to buy yam. This country sef

TransAtlanticEx:
One sef dey hear weh I'm sure is a ponzi promoter pretending to be an investor weh dey always knack una drum for here.
Anytime I see his ponzi preaching and big empty talks I just smh. ..That eket guy or so.
Goats will be goats sha.

Goats will always mistake humans for their kind.

U flip your lips carelessly. Differentiate between popular and notorious. Your intelligence is muddy as long as you have a dirty mindset. Must everybody be in your goaty class, my family emptiness is satisfying, am contented. I have never asked anybody to invest and will never. If you are grown a bit then you will remember that some years back I will never even answer you but I realized you are out to pick a fight with everybody and always have this false sense of invincible because you are ignored. The Eket boy is never your mate and there are consequences for insulting elders where I come from and I will initiate it if you continue. Not saying more for now, just waiting for your flips.

Lazyyouth4u:

Due diligence to buy a bag of rice? Very soon we will be doing DD to buy yam

It is necessary when the price of a commodity is below the average Market price

RayRay06677:



Goats will always mistake humans for their kind.

U flip your lips carelessly. Differentiate between popular and notorious. Your intelligence is muddy as long as you have a dirty mindset. Must everybody be in your goaty class, my family emptiness is satisfying, am contented. I have never asked anybody to invest and will never. If you are grown a bit then you will remember that some years back I will never even answer you but I realized you are out to pick a fight with everybody and always have this false sense of invincible because you are ignored. The Eket boy is never your mate and there are consequences for insulting elders where I come from and I will initiate it if you continue. Not saying more for now, just waiting for your flips.

Ponzi promoter,when you say "we aren't mates",what exactly do you mean?
I'm very curious

Whiteshield:


What would you do? The last time you were arrested by the police for defrauding someone and selling counterfeit goods, was it not your mother you called to bail you at the station? Crybaby. By the way, I like how you signed off with your surname.

Rants and hallucinations of a psychopathic pig.
Am I a yahoo boy?
"Defraud" lol.

[quote author=TransAtlanticEx post=96261785]Ponzi promoter,when you say "we aren't mates",what exactly do you mean?
I'm very curious [/quote

Busy body, i promote ponzi, what's the correlation to your sleep. I will make you poor, just continue to test my reach, am spiritually not your mate, I warn again

TransAtlanticEx:
Rants and hallucinations of a psychopathic pig.
Am I a yahoo boy?
"Defraud" lol.

You should have asked them at the station when your Mom was begging constables and corporals.
You this useless dropout, you think fraud only refers to internet scam called Yahoo. Half education is worse than illiteracy.
You need a family to love you and accept you, you need sensible parents to teach you integrity and responsibility and you need teachers to mould your thinking. You are a perfect example of failed parental upbringing, a disgrace to your family, a nuisance to those you come in contact with and a dreg of society.