NewStats: 3,263,828 , 8,181,535 topics. Date: Sunday, 08 June 2025 at 07:21 AM 4q5op

redgem:


I have done that...I just love getting opinions and quotes from here cos it keeps me at ease knowing fully well I am not being ripped off.. I can use your opinions to argue .

Forget about argument on a serious note, I am always put on the right track whenever I am here.. I know how many times I have been helped and disasters where avoided because of brilliant minds here..

First i think the 40ft by 50ft you mentioned is way less than 350sq. metres. It's more like half.

2000 square ft. is like 187 sq metres.

if you're doing 4inch thickness, that'll be 0.1m

volume of concrete you'd need would then be about 18.7 cubic metres or 18,700 litres.

so your cost would typically be

1. wood and carpenter cost - maybe 80k
2. laterite and ramming cost- really can't say
3. cost of 18.7 cubic metres of concrete- perhaps 30 tons granite, 30 tons sharp sand and 70 bags of cement (350k+ 80 k+280k) plus water say 750k
4. labour cost and perhaps cost of mixer.

i'd say you look for 1m excluding cost of laterite and ramming

A school in Gowon Estate, Egbeda needs a chemistry and physics teacher.

Pay is 50k monthly.

Kindly call 08072954989 or 07062182726 if interested.

spyder880:


Yes it is.

Hello Spyder, great work here. Please can you link me with the guy that built those windows, or any good aluminum guy that can build same.

Thanks

ojesymsym:
Is that sustainable, will they not be back as soon as the whole COVID wahala is over.
As a matter of fact, we suspect they were around in October when the stock market started seeing unexplained inflow, 'me' think that they are still lurking around.

By the way they're not fully out, like you said some are still around, as not even all have been able to fully repatriate their funds. but like I said their tendency to crash our markets is much reduced now.

ojesymsym:
Is that sustainable, will they not be back as soon as the whole COVID wahala is over.
As a matter of fact, we suspect they were around in October when the stock market started seeing unexplained inflow, 'me' think that they are still lurking around.

The October in flows were mostly T-bills money from institutional investors. T-bills discount crashed to sub 1% for the first time perhaps in NTB's history, and market still had 8-12% yields on several stocks, so naturally those inflows came. You may check the NSE October domestic and foreign investors participation report to confirm. I haven't checked the said report but I expect it to confirm what I've said.

About FPIs returning, that's mostly good for our currency now, it's their rush to exit that's often bad.

Imagine them coming back with $5bn net this quarter, reserves will grow to $42bn.

But when they want to move out in a hurry, it won't be funny. I March They we're offering Nestle that I bought at 1200 for 765, it was still full offer.

But with markets around the world mostly performing well, FPIs may not want to take the risks with emerging markets just yet.

Another exciting thing for me is the fact that in the course of 2020, we significantly weaned ourselves off FPIs.

For the first time in years, NSE has over 60% dominance by local investors.

and OMO bills sold reduced by over N5trn (about $13bn) yoy.

The pressure of FPIs using their hasty movements to crash our stock and currency markets has now been significantly reduced.

ojesymsym:
Your sense of patriotism and optimism is greatly ired.

You have a very positive hope for the country, even when you err, it is always on the side of positivity and optimism.

For a nation with citizens only interested in asset stripping and negativity, you sure make a hopeful exception.

You do whatever you can to help your country. Whether in exporting your skills or products, or in creating jobs or just praying. Do something rather than complain all the time.

It only makes sense that a citizen should want the best for their country. If things degenerate beyond control, I wonder what folks in the pessimist camp hope to gain.

There's even an extra $141m on top!
Reserves now at $36.14bn
10-month high.
Thank God!
We stay in faith now for $40bn.

NL1960:

Schools have been shutdown for close to a year now.

I hear it's new rent when they resume. 2020 rent already expired.

emmanuelewumi:

Examples of where to get 8% to 10% rental yield

Student Hostels.

igbizen:

I have been pursuing all forms, rental, business, T bills and just fidelity stock.

I hear some analysts expect a hike in rates later in the year.

I don't think any hike will be material. Maybe 2% tops.

Let me you guys in getting 8-10% rental yields.

TransAtlanticEx:
lol
Pipedreams.
Also, there are production cuts and high cost of production,
Second wave of covid19 is really rallying and lockdown is imminent,some western countries have already started.
So it's just a matter of time before the shithole's revenue tumbles again via oil price collapse.
Bask in your dreams all you like,reality will always prevail,
Ode!

There you go again displaying ignorance.

You don't have to talk and embarass yourself all the time. There's hardly a post you make that I don't have to correct you on.

December 2020 was when we started hearing of new virus strains, and new lock downs. Ordinarily, your opinion of a crash in prices should have materialized, but some of us already spoke and were staying in faith since April when Oil was doing $20 that it would close the year above $50. That December was when it broke $50 for the first time, despite the new covid strains and lockdowns, and it eventually closed the year above $51.

"Reserves finally broke a 10-month resistance of $36bn".

That will be my post around 8pm tomorrow.

When you check the website, that's what you'll see. If it makes you **, good for you!

When tomorrow's figures get published, we expect reserves to break above the long standing $36Bn resistance.

Next prayer is for Brent to close the quarter above $60 a barrel.

Reply with your curse words now o, cos I'm about praying for forgiveness for the ones I used on you. Not that after I finish praying, you'll now start again.

TransAtlanticEx:
You are a fool.
Do I look like someone that gives a shit about basic ?
We talking about money and what works or is applicable and this fool says ?
Has the CBN not been funding BDCs heavily weekly at reduced prices since 2017?
Basic ,ha! ....Bumbling idiot.

You think BDC is what parallel market means, and you're boasting on your ignorance?

You must have ** *"!

** that thinks cos crude prices and refined petroleum prices differ, they can't be swapped.

Engaging with a basic school lad would be better than with a ** like **, but cos I know you and perhaps others like you learn from my posts, I'll indulge.

By the way, i'd say you just stick to your ** talks, and steer clear of talks about finance, cos apparently, ** traded ** remaining ** for that, and I see it keeps **. ** dey ** **!

TransAtlanticEx:

It's like you've been in coma since 2017 till April last year.
I would have love ahiboilandgas or lazyyouth4u to school you on this cos I no get energy to shalaye.

Are you an ** or are you just very **?

When in your ** ignorant mind has the CBN ever supplied dollars to the parallel market?

9 times out of 10, I have to teach you meaning of basic , and you're opening your ** mouth to say school.

From how mop ups work, to crude oil swaps to now meaning of parallel market.

Be humble and stop flaunting ignorance.

emmanuelewumi:



And property is not generating cash flow in form of rental income

Sub 1% yields on T-bills make rental income attractive to me these days, something I was so certain I wouldn't pursue.

TransAtlanticEx:
The days of CBN injecting fx into the parallel markets is gone!
Y'all better face reality.

When has the CBN ever injected liquidity to the parallel market?

If what you mean is retail market, then you're still wrong.

Definition of ILLIQUIDITY is having 55m in property value and trying to sell.

https://nairaland.unblockandhide.com/2297171/670sqm-land-sale-osapa-london....7mins/1

You go greet taya.

Good morning friends, good afternoon friends, is anybody buying, good evening friends, only the guy go greet, only him go reply himself, o boy, full 38 pages the guy still dey greet.

Him for just do money market rest.

Happy new year to everyone.

Like we prayed, Brent closed 2020 above $50.

This year will be surely better in Jesus' name.

speak2lift:

This is not correct - Experienced level hires in IOCs collect above 30M per annum.

Where in the post you quoted is it suggested they collect less. Read it carefully now.

maybe next time, if you don't understand a person's post, just ask first "are you saying...."

Instead of jumping to say something isn't correct that wasn't said.

Olaide1295:


I don't think the proposed special bill is for the public. Based on the CBN circular, the bill is meant for banks with huge deposits more than the regulatory CRR requirements.
So the banks can earn something on their hitherto sequestered deposits.

the third feature mentioned about the bills says it'll be tradable among banks, retail and institutional investors.

If the CBN just wanted banks to earn money on debited CRR funds, First that already defeats the aim of the LDR policy.

Second, all they need do is reduce LDR and with the excess funds, banks can buy more OMO bills at c. 7%, or do SDF at 4.5%

There's a need to keep T-bills rate low to lower FG's borrowing costs, but at the same time suck some liquidity from folks who wouldn't buy at such low rates.

ojesymsym:
Who dash professor 2.5m per month? You want to kill fg? Try that nonsense and all lecturers go become professors overnight?

Went to around 450k during Yar'adua.

I think it's still between 500k-700k currently.

Perhaps even less for those at state institutions.

But they run multiple engagements sha.

igbizen:

30M per annum is too small my dear. Wetin for manager level?

Too small?

I would say it's not o.

2.5m per month.

only area manager in banks, managers in big telcos (just 3 or 4 depending on who you count), and experienced level IOC staff.

some managers at NB, Nestle and CChellenic, and co make less.
Bank branch managers too.
professors and most doctors too.

Maybe just 5% of the c. 10m pension contributors.

RealityShot:
We live in a crazy world, where your own blood brother can stand before the entire family and suggest that
All the retirement benefits of your parents should be put in a company he works for
And clearly knows that it's a Ponzi company!

Just because he wants salary for himself!!!

If one kills such brother after the Ponzi fails, hope no one would put that person in jail or under any condemnation, right?

I can not be an avid church member again, I will serve God in my closet, than to worship in the presence of skimmers and treacherous folks who claim to be more " churchous" than I am.

The matter nor hard reach now.

No need for talks of killing over ordinary money now.

As a responsible son, yours is simply to educate and convince your parents about your doubts and concerns on the scheme. It's expected your brother will make his own arguments too, but usually, the genuine one gets identified, and your parents should yield. If not, just make sure to try all you can to convince them, or maybe convince some others of your siblings who may also add to your voice.

If in the end your parents go with your brother's suggestion, it should bother you small if at all, cos it's their money, and you did all you could.

As far as I'm concerned the brother can take all the inheritance to himself, I've got my own so I wouldn't be bothered.

No need to even vex should the investment fail talk less of killing.

And you shouldn't say because someone acts funny you want to stop going to church.
Bad idea!

Lazyyouth4u:

If I’m making 500m per annum on base salaries alone, why would I be concerned about Tbill rates or NSE?

That na why, the former guy went to become a governor. I don't think he was hunting yields like some of us are.

By the way NESTLE and NB with just about one-third their revenue also pay around 300m-400m to their CEOs.

Unilever with just about 7% of their revenue too paid that nsarkoh guy heavily.

And we've been told about Wale at Oando g over 650m to himself annually.

Assuming an average annual income of 350bn. Alhaji makes 40m every hour.
It's 30m per hour if you use 270bn as the annual income.

emmanuelewumi:


Do you know worth of 1 hour of Dangote's time?

When you put it that way, then the full 60m is not even enough for 1hour.
I was looking at hour for hour without minding whose the hours are.

emmanuelewumi:
While Dangote earned just N60 million as the chairman of Dangote Cement, the CEO earned almost N500 million as salary. But Dangote went home with a dividend of over N200 billion.

The 60m sef is much. For just maybe 12 or less board meetings. each lasting 2hours or less averagely.

compared to GMD that does at least 300days at 8 hours daily.

ojesymsym:
Now that I think better of it, earning USD75k monthly even in the US is also even not a common occurrence. I dare say it is very rare and only happens among the top management echelons in certain sectors of the society.

That's the type of income that puts you comfortably in the top 1%.

75k monthly is USD 900K p.a

Entry level to top 1% is USD 540K per annum or 45k per month.

ojesymsym:
How can I reference 4m as too huge bros, I was referencing 17m monthly, except that was not what Ahib wrote or meant.
30m PA is 2.5M monthly. This I can easily believe, but for these companies to pay 1 human 17M per month, de a little hard for me to believe. Not saying it is not true just that I find it hard to believe.

I was wondering now.

17m monthly is very rare, especially for Dangote who's not known to be among the most lavish payers.

Maybe just 20 persons on the payroll earn that much, and the guy Ahib was mentioning at 17m is just one of those very few.

From their 2018 report, out of about 16800 folks on the pay roll, only 880 earn above 2m per YEAR.

The 2m excludes some allowances and benefits though, but it certainly will be at least 50% of the gross package, meaning only 880 out of 16800 earned above N4m gross Per year.

Lazyyouth4u:

Dangote does not pay anyone USD 75k in salary per month. You can take that to the bank any day sir.

Certainly not per month.

Although the GMDs should earn that much.

That's 360m per annum.

The GMD and Mr devakumar edwin-that man in charge of the projects.

ojesymsym:
Converting that into USD using 400 naira as exchange rate puts it at $75,000 per month. Any how you look am the money big.
Can't we list Nigeria in the stock exchange, perhaps that may help it be run better? Just saying.

No now.

The 30m figure is per annum.

I assumed we were talking in of annual pay.

Lazyouth don vex!

I didn't mean per month now.

I was referencing where ojesysym said 4m per month was huge.