NewStats: 3,259,489 , 8,170,280 topics. Date: Sunday, 25 May 2025 at 09:27 AM 9622i

My people where can someone find better wife, the girl I've been chatting with on Facebook just billed me N3.5 million yes Three point five million Naira for iPhone business she says she just got a good dealers .

I neva even see her pant but she sounds like a nice girl, pls could this be a good investment or I should just keep sending her the usual N25K transfer every month and wait till road clear.

The only thing I noticed is this ridiculous Çovid 19 relief credit .

cmoney22222:
did anyone notice a 15k debit by banks in their or is it only me?

Unfortunately I do not trade on stocks, I believe there are experts here who can advise on this.

hunter21:

What of buying stocks?

BDC's are part of the people responsible for currency control, they control all the commercial banks in Nigeria. Every time BDC's are not supplied enough Forex they hoard the ones they have and the commercial banks raise their cards transaction rates to anything they like, two days ago Access bank charged N580/£ for online transaction due to BDC's hoarding Forex. Currently spending limits on Nigerian banks USD denominated cards are being set up due to this.

Street BDCs have always been big players in the financial system, i'm sure you know when a Bank run out of dollar, be rest assured you can secure as much dollar as you want through your nearest BDC at a very high rate, the 5 percent is on paper, the reality is more like 30 percent.

ahiboilandgas:
how can bdc be running the govt ....how much transcation is done by bdc compared to cbn...less than 5 percent pls get u facts ..am a player in bdc

Investing in bonds now may be risky too except to resell at a later date, the depreciation of Naira will be a total wipe out on capital and interest at the end of the tenure, imagine the value of the USD in 5 to 10 years from now.

The $100 million pumped in by the CBN this week seems to have short term impact, Nigeria is diving faster than the speed of light. The Nigerian govt. is not able, one day they will empty the reserve and dollar will rise to N800/$.

This current depreciation was unforeseen, coronavirus depreciation, we should not expect the govt. to save us this time, this is it. The masses are on their own, there will be hike in prices of goods once the lockdown is over due to the price of dollar, the bdcs are the one running the govt. now.

Are you guys kidding me, I spend N20k per day and you are giving her just N10k per month, come on guys
!!!

None of these projects mentioned are productive, for example if you invest $10.8 billion in a project and come back to tell me to forgive the debt due to a virus that affects the world, my question will be;

How much has the projects generated so far, and I will be told as a matter of fact none of the projects is generating enough to repay back, guess what my response will be, there is huge gap between productive projects and the Nigerian govt. embezzling projects.

A project has time, scope and budget. Time takes into repayment too, you know IMF is not a Charity organisation, these debts are to be repayed and defaults attracts lower credit worthiness for the defaulting party.

ahiboilandgas:
u are very wrong ,the debts is currently used to finance the rail way projects.the kaduna -abuja railways is working used by the masses , the lagos -ibadan has been completed like wise the cargo section is been completed that why they are constructing a new bridge in costain ,the abuja airport to town metro is completed,the warri -itakpe line is completed and working ,the apapa to agege aircondition train is working and the new airport terminals in Lagos and kano , enugu have been completed

Like you said Okonjo iweala is always correcting errors made by the recent presidents, the problem is;

1. What tangible productive project was the EuroBonds used for?

2. What is the fate of local investors that invested in EuroBonds if IMF forgives the debt?

USA owes China over $1 trillion in debt but the US uses the money to build their economy and waxing stronger, Nigerian govt is the opposite. I always tell my friends, Nigeria can only get better in 250 years from now.

I the debt to be wiped but let us tell ourselves the truth, wiping the debt doesn't benefit the common man who never felt any impact of the loan in the first place.

ahiboilandgas:
there is no shame in it ..the dollars earning ability ofvNigeria and several african Nation have been wipe out by the Chinese virus ...so they should comionately wipe out the loans or restructure it .since they said they virus is an attack on humanity....obj and iweala and currenlty putting that debt cancel proposal .....what other steps would u propose pmb do now with the current situations of low remittance ( due to job losses abroad) and poor crude price .....tell me another vialable strategy

Yesterday it was reported Buhari suggested some of Nigeria's foreign debt be forgiven, this includes the EuroBond where $10.8 billion is being owed by Nigeria. At the height of CoronaVirus pandemic, all the clueless president could suggest is forgiveness of debt which he encouraged in the first place, this is an act of no shame.

It shows a default in foreign debt repayment may be expected with the high rise in maturing EuroBonds, he who get ears let them hear.

If you have idle cash and willing to gamble, you may do so.
I saw an offer today for N395/$ for $1200 but i didnt buy because i think i can find better offers.

Dollar will be unpredictable for the next few months but it will be a survival of the fittest.

zamirikpo:


My brother ive been thinking of the right answer for days now. I for see a temporary pullback if the CBN injects forex into the market starting tomorrow, but it will be temporal depending on how long they can hold out.

But u see this cbn style is artificial.....it cannot last. One day one day.....economics will take over.

So for the next 3months if I get $ less than 400, I go rush am.....buy and hold. To preserve idle funds. Where and how is another matter.

It is a rare investment, there are no so many people who invest in this, you could give it a try, it could be a Gold mine indeed.

The problem is storage, theft and swapping. Imagine you keep it under your pillow and the one million boys break through the door, you get the point

[quote author=wura2u post=88994576][/quote]

When you sent her out, where and who was your child with?

Lordsonn:
Greetings to you all. I want to go straight to the point. I opened this because of my marital problems.

From the day I met my wife, she was after marriage. In less than two weeks of meeting her, she started pressurizing me to meet her family which I succumbed to.

These are what she told me at the beginning of the relationship:

1) She had HND from Kaduna Polytechnics
2) She has Diploma in Computer Science
3) She is a professional cake baker
4) She was three months pregnant
5) That she was 27 years

My discoveries after marriage:

1) She doesn’t have any HND, infact no good WAEC result
2) She cannot even connect laptop to printer and print. She don’t know much about computer at all.
3) She doesn’t know how to bake cake. I discovered that the cake I asked her to bake for me, she gave the contract to her friend.
4) She was never pregnant. She had fibroid and that made her tummy big
5) She was 33 years.

NOTE: the reasons why I believed all she told me at the beginning was because she was a prophetess in her church. She speaks in tongues and prophesy many times and most of the prophecies came to .

I was even surprised that in less than two weeks of our relationship, she made move for sex and we started having sex. I did not even think of pre-marital sex because I thought she was a holy woman.

The problems after marriage: several people began to beg me to forgive her and continue with the marriage. I find it difficult but she was still living in my house. I was just being forced my her family and her family persuaded some of my family to beg me too. I tried to love her but hatred for her was just building in my heart.

The fibroid surgery was successfully done and she got pregnant and gave birth to a baby boy. I thought the coming of the child may make me to forgive her but I could not recover from her betrayal. I even hate her more.

She wrote WAEC last session and got nine credits but the memory of her betrayal is giving me a lot of psychological trauma. I love an educated woman and cannot see myself glued to an illiterate woman in the name of marriage.

Major problems that made me sent her out:

1) She refused to go to my church. She always want to go to her church and even want me to her there which I refused.
2) She doesn’t like education at all. She hate going to school and will never carry book to read.
3) Anytime I have disagreement with her, she will call her elder brother. And they will come and talk to me, sometimes in a very condescending manner
4) She is not submissive, very arrogant and talks with anger, authoritatively.
5) She is a societal woman, she loves ing several associations of women and be going to meetings every sunday which I don't like.
6) She value clothes more than human being. She can use any money from the family purse to buy Hollandis, lase, George etc just to dress to her church for show off. I am introvert but she is extremely extrovert.

I sent her out of my house three weeks ago. She is trying to come back in the disguise that she doesn’t want her child to be only one, that it will make the child suffer in the future but I told her I cannot allow her to my house again. I love my little child and I cannot live with such a woman who is full of lies and pretense. I just have hatred for such kind of people.

What do you think I should do?

You can wait when he come online and sees the messages, he will respond with an email to send the funds to, maybe he is still looking. Hold the funds for now, as soon as he sends you an email, you proceed as he requested and next time don't do favors, Paypal is one of the most strict online financial companies, all the money coming to your can all come back and be charged back to you.

Better you issue a refund to same source and sleep peacefully.

razzby:
Any escrow here please?

Someone should help this Ayo84 hold his PayPal funds. I don't want to deal with again.

Anyone?

Nigerian government and speculators doesn't really follow the principles of Forex, it is all speculation and like you mentioned if demand for a commodity is high then they will make it scarce and charge you higher. International currencies are dynamic but they follow a pattern which Nigerian speculators rarely follow. I just checked abokifx.com, they have updated the sell price for USD to N460 and EURO to N465 which is more like it but not quite the true value of Euro at the moment.
I think the reserves today is more than that of 2016 but it is all on paper, the depreciation of Naira could continue though the CBN will start intervening, it costs the government nothing to keep borrowing, the foreign lenders that borrow money to Nigeria need to evaluate their repayment too because at some point Nigeria will default, The debt is WAY TOO MUCH. You can imagine Russia with $500 billion in reserves yet their currency depreciates too, Nigeria is like Bitcoin, that's why we need to see these debt instruments as a short term profit.

For your Naira investment, you can keep monitoring things and see what's best.
The last time in 2016, it was tough when dollar was scarce and the same thing could likely happen, i i went to my Bank branch and requested to collect USD cash, they told me WE DON'T HAVE DOLLAR , I asked them ok what do i do they directed me to different branches to go and check if the branches have or accept to be paid the equivalent at the current branch in Naira. There are still ways to get around these things if it gets to that depending on bank.

naijaoyibo:
I agree with you on this. However, what if it's the Euro that is underpriced because people do not use Euro as much as the dollar in Nigeria. The Nigerian currency reserves stands at $33 Billion dollars as at today with 30% of that being owned by foreign investors. Back in 2016 when the price of oil crashed, The Naira jumped from 199 to 520 and finally settled at 360. This time around, our reserves are probably lower than that of 2016, and before now the Naira was trading at 360. If we use lessons from the past, the real value of the USD to Naira might be about 600 Naira per dollar. However like a wiseman said above, Nigerian is a country where politics is more important than the economy. The CBN could intervene and crash the rates down to 400, but the question is for how long? Their funds are limited. Russia also has an oil dependent economy much larger than Nigeria's. Russia also possesses more than $500Billion in their reserves. However their currency has lost about 20% value; from 63 ruble to a dollar in February to about 75 ruble to a dollar today. During the steep crash in march, the currency briefly touched 80 ruble to a dollar but has settled down at 74 due to intervention of their Central Bank. Even I still have some Naira Investment but yet to make up my mind on how to react.

Dollar can push hard on currencies but never overtakes.
xe.com
New York times
London stock exchange

olujaidi:


How did you determine the relative strength of the Euro? What objective criteria did you use?

The reason why buying dollar at this time is a rip off


The current buy rate for dollar stands at N460/$ while the buy rate for euro is N450/€ (This is economically impossible, euro is stronger than dollar anywhere in the world and has always been, and will always be EXCEPT in the manipulated Nigerian black market), looking at Aboki even though dollar seems to sell at N460 even though with some s you can buy dollar at N400/$ but it will not be in your best interest due to ;
1. You may be scammed (you lose all or part of the money).
2. Buying now only enriches the black market hoarder's pockets, take for instance your Naira is already devalued, you use the same devalued Naira to buy dollar at high rate to put the dollar under your pillow while waiting for a huge rise so you can sell and make profit, while you are waiting the CBN starts intervention and rate stabilises at N430/$, you make losses under selling your overpriced dollar, you make loss in unearned interest on your initial Naira for the period the dollar was under your pillow.

Even though dollar is rising uncontrollably it will be at your own loss to buy now, grow your Naira, worse case, use the Naira and buy a domestic property and mitigate your loses.

Thé interest is very discouraging compared to what the capital could have earned you.

You are not left out, I have 5m Naira in TB that will land in my acc tomorrow, the interest earned on that is annoying now, I don't even know what to do with the money maybe do giveaway but only if it will bring me more money

Grupo:


Hmm. Are you sure this is the best time to invest in TB?

I invested in February for 182. And by the time the investment matures in August, the capital would have lost enough value.

How much did I gain from such a pointless endeavor? A paltry 57k on an investment of "three point something million."

The devaluation is already making people sweat, unfortunately 190 million Nigerians or more will feel the heavy impact of this, I am not left out, on my naira portfolio i am down by 3.8m due to depreciation, on my forex I am up by 2.5m, not quite a good outcome but it was worse in 2016.

We can't win it all, it could have been worse without following the trends, but this one happened too sudden.
With the dynamics now on Naira/dollar rate, it is uncertain when to sell to take advantage of this depreciation.

ahiboilandgas:
cbn and Nigeria state has effectively wipe out all profit from your tb investments since 2017, imagine a man that kept 100k (15m ) in 2013 now has over 45m naira ...this shit.....the depreciation rate is 3 much not even after 20 years....if now that we are farming rice the currency is it lossing value .even the Dangote refinary eill not change things......naira is a dead currency

Of course you can keep buying USD but at a reasonable rate, if you find dollar at anything less than N400/$ buy.

One thing this government cannot do is reverse depreciation, even if they pump the whole reserve into the black market, the value of the Naira getting back to usual will not be achieved. The Naira will keep depreciating until CBN intervenes to add some stability.

The last depreciation burnt me hard.

globalresource:
Is buying dollar at this time advisable to keep one safe against inflation?

Or what other asset one can buy

And is mutual fund for dollar advisable

haha

seun289:

I will sha.

Ikjosh04:
Bad guy! Take it easy

ok o

bendo75:

Congratulations but this is investment channel. You can go to NL romance section and start a channel about your escapades.

Sure, see you there

ahiboilandgas:
make we dicus this details for our other thread na ....small pikin, pastors and imans dey there....

highcurrent:

I can see where your moniker is coming from...

highcurrent:

My sister i heard o, you know say body no be firewood. wetin man go do.

Leezah:

Ever heard of Covid-19?

I know say you be member, see you at the VIP lounge lol

olujaidi:

Leeemmaaaoooo
Punch newspaper did a story about pricing disparity for such services 2 or 3 years ago. Mainland is even cheaper, according to the Punch report o. Not personal experience

I have been searching but it seems most of our new generation young ladies are into the same line of business. I don't know where to find a good young lady.
Could you please look into the picture below, how does the YIELD/bid percentage and YIELD/offer percentage affect the Capital and coupon payments. Looking at these values, how can an investor determine the actual interest rate for the 2021 investment.
Let's say for example an investment capital of N100k get a coupon payment of 0,145 x (100k) or (86,200) because the capital at the end of the investment is always lower than the initial invested capital for secondary market, but how the YIELD rates apply is what i am trying to figure out too.

emmanuelewumi:

Please go and marry and stop carrying o-os-o it is not economical on the long run.
The current recession will affect entertainment and relaxation spots.

You are quite right, everything in Lekki is somehow over-priced if you keep going to most places in Lekki designed for the rich in Lekki.
Even the Freaky freakys are not left out, I carry one earlier this year after lap dances in Askamaya Lekki, she floow me enter house (first mistake), see everywhere nice, she went to the rest room and came to the bed, my blood was already hot so i told her baby, see bed make we start o as it was already 1am, she said make we talk first, i was concerned so i listened attentively.

To cut the long story short she said i will give her 30k by morning which will be around 6am as their normal departure time, my N10k bargain fell on deaf ears so i told her well, i will not entertain blackmail (in my mind), She said N30k or no deal, i said ok now thanks for coming, she say make i give am cab money, i gave her N1k she refused o, i quietly told her to come outside with me to go find more money, once i dey outside i made it clear na N1k dey for cab, she flung the N1k at my face and left angrily. The next day i drove down to Ajah and picked up a fresh Freaky freaky for N7k, total damage N10k max. Total saving N20k.

So island can be quite pricey.

ahiboilandgas:
I refuse to move to lekki despite the fact i can afford it ...i didnt want to be subconsiously drag into catching up with the jones symdrome....once am in the mainland i dont notice my car but if i enter lekki wahala dont start...i start wondering oga wetin u dey do with this honda 2013 when u mates!!!!! They drive benz 2019 and range ....so after staying for 3 months i had to move ...i didnt want to be paying 700 naira to wash 1 shirt in a lundary 2000 to barb ....now i pay 400 to barb and 150 per shit home delivery

I have reliable Aboki i go to for transactions, sometimes i credit their bank s and they deliver within a specified location. In my early days of dealing with Aboki, i noticed some of them change the dollar without you noticing, some use the old dollar note tactics to deceive clients, recently (in January this year) a friend exchanged 300$ and was paid N60,000 by Aboki, I asked him if he was hypnothised, he said they told him it was the old dollar notes that the rates are lower, I was so furious and told him there is nothing like old dollar, he just needed to sell the dollar to me or find someone who travels out of Naija to buy.

$100 exchanged for N20,000 in 2020, quite a shock to me.

9jatriot:
Oga you allowed your dollar to touch the hands of an aboki and you did not change the dollar after that? Una get mind o.

Stories abound of aboki exchanging real USD for fake USD simply for reneging on agreements and you asking them to return your money to you.

Anyway, I believe you should be safe sha.

In future, before you do that, ensure you write the serial number of the money or snap each of them before you hand it over. Even banks scan each dollar before handing them over to you.

Some people are like that, they know they can't get rich by N32k so they it down to the person close to them, now the money has even gone up to N39,000. I don't know how long it will last under my pillow before the N1 million boys starts knocking at the door, i heard they are in Lekki too.
Fingers crossed.

Theconglomerate:
keep it.
Naira is going to weaken more when the lockdown is lifted due to over demand for forex from businesses with low oil revenue fx to defend it.
You'll get to make more money from the deal by selling then rather than now.
But I wonder the kind of person that will lose 32k willingly all in the name of big man.
Maybe he doesn't know all those aboki them and prefer to give it to you and cut his loss.
Your luck!!

Haha, sometimes decisions are indecisive and good to know from alternative perspective, i will follow my instincts just as you mentioned.

emmanuelewumi:

You just want to task our brain, you already know you want to do.
I will just advise you to follow your instinct

Great to point this out, thanks

odimbannamdi:


CC: TotonaRubber
I think this post is for you

Yes the second option is more tempting as the current occupant of the property who got it on lease is doing the relaxation center on a low scale but i want to enter with a modernized relaxation plan, food, drinks, live performance during weekends and so much more, there is even small small buildings already constructed serving as a local beer parlor t within the plots by the person leasing it. I could knockdown any non-beneficial structure and utilize a better architectural planning.
Nigerians always like enjoyment so it should flourish with all things being equal, exit like you mentioned will be less expensive for option 2.

odimbannamdi:

Go for the second option, especially if the location is good. The starting capital (5m) is reasonable and, if you are strategic about your operations (value-adding), there is a high chance that you will recoup your 5m investment in less than 2 years. Nigerians flex alot.
Also, if you are investing 5m for the second option, it means most of the setup materials will be make-shift materials, so your exit process may not be too expensive if things dont go as planned.

In all, follow your instincts.

I see, i need to the governments plan for this plot as surrounding buildings sharing same fencing are all University hostels, though the current occupant has been using the place as a relaxation unit for over 4 years but on a very low scale, i am sure if major development change enter the property and business start booming govt, will become interested.
The problem with the land is cost of developing it to what others are doing is what 90 percent of prospective buyers are looking at, maybe they are looking the wrong direction and discouraged by capital outlay or maybe i am the one who needs to the actual plan the government has for the plot to kick start any of the project.
I am always buying landed properties in developing areas but my recent experience made me prefer to buy well situated lands or properties. Some of my relatives bought lands in Ogun state for N250,000/plot, some bought 3, 4 and 5 plots but up till today none of them has physically seen the plots as they are still awaiting for the government to allocate the area of land and their plots allocated, it may happen in their lifetime or it could be money gone forever.
Mine is an entire different story but certain places sold for N500k may not have favor of development in the next 20 years especially for personal or commercial residence.

Gabrielclint:

My brother, good day.
First as a real estate guru, I think the location of that property has reached its apex appreciation. For a plot of land to be kept at 30million naira 4 years ago and till now the land has only depreciated rather than appreciating, it calls for concerns that should be investigated.

Buying a land for 25mil and building a block of flat there is not the best option. The break even is always far fetched because of the cost of the land. Before you consider the second option, you need to undertake some investigation to know the land use of the plot. It is not everywhere that you can just start a relaxation t and the government will allow you. First try to know what type of activity the property was allocated for in the land use master plan of the area, otherwise you will venture into a business that you will spend millions to pay for deficiencies or bribe to the government. A friends big relaxation area was just demolished 3 months ago after only 3 yrs of operation because that's not the land use.

My suggestion is, depending on the location and state you reside, you can look for cheaper lands in a place that is rapidly developing, use that 25mil and buy like 5 plots at 5mil each, in 2 years that 5mil land will become 10mil each. I bought some plots for 500,000 naira last year, just last month I checked and the property now worth 1 million each.. 100% in just 1 year, just because the government asphalted the road. Look deeper bro, real estate is the real deal if you investigate well.

Really, so people do chargeback on F n F?

I was thinking of buying $6,000 via F n F.

What do you suggest?

Macfortune:
Nice one, but if he had done this earlier, I believe this wouldn't have happened. This is a lesson to all of us here, little things we may ignore have the power to destroy whatsoever reputation one may have built in the cyberspace over the years. Let's try and have good customer relationships with either our buyers or suppliers. Even if a deal goes wrong, it pays to take time and explain to the client politely at the moment. Your manner of approach matters most.
I can recall around last year I sold about $86 worth of PayPal fnf fund to Oswardic, after over 4 weeks, the idiot that supplied the funds to me went and charged back, and that was my first experience on chargebacks on FnF funds. When Oswardic ed me, I gave in my best to get the supplier only to see that he has blocked me on WhatsApp; na person I no even delay his payment at all.
I understood how painful the loss was, I politely negotiated with Oswardic, and we shared the loss. He even had to tell Me to refund him only 12k. I was surprised. Similar thing happened between I and LoJ, till now, I still transact with oswardic if need be, and I and Loj have been in good .
So, it really pays to be polite when talking to a client when a deal goes bad. This exchange business isn't all about funds, buy funds, and call out scammers. There's more to it. I pray our creator no go shame us for this business shaaa, Amen.

Your dog don catch Corona

Nice, how about 75 million?

olenime:

2020

85m

How much and year ?

olenime:

With the forex wahala of the cbn and covid-19 lockdwn, the kind of 419 that will occur in this thread in the next days, weeks, months before stability i advise buyers and sellers to trade with caution.


The hawks are out in bataillons.

Brethrens, i need an evaluation on this. I want to buy a land (2 plots) in a choice location for N25 million, the plots are well fenced, the owner is genuine. The problem is this;

The owner says N25m last. He has put the property up for sale since 4 years now, every year the maximum offer he gets is N20m infact in the first year, he said it was N30 million but subsequently he has come down to 25m, little did he know that if he had accepted N20 million in year 1 and invested the capital, by now he will have at least N30 million (Capital + interest 15%yr one + 14%yr two + 12%yr three + 10%yr four) in Treasury bills/bonds).

My concerns buying the property is that it will cost N70 million to develop rental property that will generate N6 million annually. This means it will take at least 15 years to recover the N95 million expenditure before starting to count profit.

My other option is investing N5 million in the property by making it a relaxation center for food and drinks, i am not sure which of the two is best.

I bought the whole $500 from him at N350/$, I took it aboki during lunch time today and behold they were all real. I was confident to buy from him as he is a colleague i see every week, he is a big man who thinks less about exchange rate.

He said the cash has been sitting in an envelop and he believes it will be useful in my next trip, aboki is willing to buy at N415 per dollar as at today.
I intend to keep it at home, hopefully it will be safe.

Franky826:


It's a no brainer considering USD is currently selling for N410. What you should be checking is if the USD he has is counterfeit.

The decline in oil revenue for Nigeria will last for months to come, other countries badly hit by this fall are Ecuador, Iraq.

Logically, since Nigeria earns less USD since the decline in oil revenue and has high demand of USD from Importers, multinationals, businesses operating in Nigeria, it is only a matter of time before the CBN devalues the Naira.

Someone from my office offered me 500 dollars today at N350/$, deal or no deal guys?

With the current price of oil at $11 per barrel we can only imagine the effect this will have on Nigeria's economic crisis from the Naira losing value, the USD climbing uncontrollably, the economic hardship to come, the increasing debt portfolio of the country to the unforeseen circumstances that will arise.

Dangote is not left out in this crisis, his profit projection will decline even though he may still be at profit. For individual investors, your best bet is to guard your assets and cash investments like GOLD.

Do the maths, it's N302/$, N12,750/42.
This should have given you a red flag.

souzadchef:
320 not 302.

I don highhhhhhhjj