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Ask questions and let the community give their thoughts.
We are building Reddit/substack for Nigeria but focused solely on money, business and investment related matters.
@GilbertLak86879 Would you mind posting this on https://t.co/lnGV2tm9hB? It’s a website we are building to host business, investment and general money discussions.
@euniceajim The truth is both 9 - 5 and Building a start up are both very uncomfortable. One just need to decide which discomfort is more rewarding in the long run
@drealbigvirg In all, this only make sense if the ROI is higher than the interest rate. In a country like US where interest rate is less than 4% it may make sense. In Nigeria, interest rate in around 30%, taking such loans would send you into bankruptcy.
Please do not forget to create an account on https://t.co/5XlqfCGnVa and help answer some people’s business/investment/money and entrepreneurship questions.
The word "salary" comes from the Latin word for salt.
In ancient Rome, soldiers were sometimes paid in salt because it was incredibly valuable and necessary to preserve meat. If a soldier did a bad job, they were said to be "not worth their salt."
@Officialchike Loool. Please guys, if you wanna know about investment opportunities or business oppression or you wanna rant and tell us your investment journeys and business life join https://t.co/Sk6bEAeG5X
However, before you go all in, the refinery carries $3.65B in debt. Oil prices are volatile (remember Strait of Hormuz?). The dollar dividend structure still needs full regulatory approval.
Big opportunity ≠ guaranteed returns. Read the prospectus before you commit anything.
The biggest IPO in African history is coming to NGX. Dangote Refinery. it's about $40 to 50B valuation. And most Nigerians will miss it, not because they couldn't afford it, but because they weren't ready.
Here is what you need to know: 👇
A great feature of this IPO is that you can buy shares in Naira, but can collect dividends in DOLLARS.
Backed by $6.4B in projected annual export revenue. SEC & CBN are reviewing it.
A Nigerian-listed stock with USD dividends. Let that sink in.
@TomolaGroup Not sure what a “side” business is, but I realize having a business is better than the stock market investing.
For instance, you could do a simple job for someone and earn N500k in a month. To make that same N500k in the stock market in a month, it would require lots of money
@tosinolaseinde Been building https://t.co/Sk6bEAeG5X and it’s honestly quite tiring. Sometimes you just need someone to bounce ideas off and all.
But finding people with same values and passion as you can be quite difficult
@thegreatola This is one advice that is very crucial. Investing financial instruments is great, but investing in a business you work is usually always better.