Jennyclay:
Rich man.

I love him already

I believe you are already wet

Hoelosho

starpower:
buy Berkshire Hathaway class A stock in 1990 @$6400 per share, by 2024, will have close to 460million dollars. @N 1500 to $1 you will have around 700billion naira. lol

Do you know where they sell time machine??

I want to quickly check something 😁😁😁

Artscollection:


Compare the purchasing power b4 you celebrate!

They use to sell brand new 405 19k. Na indomie we dey use am buy now

BigDawsNet:
Just imagine saving a 20m in a US bank and u commot face for 34 years...

Now ur $5m will be smiling at u in the US bank with some interest... which may be converted to around eight billion one hundred twenty-six million one hundred fifty thousand naira

#20M is a huge amount of money in 1990, where u wan see this kind of money in 1990

magoo10:
Meanwhile ₦20million today cant start you an average business with a good capital base.

Nb
In response to the kid who quoted me that
if i cannot use 20million for business i cannot manage ₦1billion

I dont sell cars but let me use car sales for example.
A direct tokumbo venza cost between 14 to 16 milion naira ,now tell me how many cars you can have in an average outlet with 20million naira?

20m is 10 pounds, not alot of money in thr Nigerian context.
20m early past year was over 20k pounds.
Just be for APC and Buhari entered, 20m was 80k pounds!
From 80k pounds to 10k pounds in 9 years. NO BE JUJU BE DAT?

deewhydoski:

#20M is a huge amount of money in 1990, where u wan see this kind of money in 1990

Of I was a politician... I would hav gotten it

............Holyfvvck............
Meanwhile $5m today is about #8.something billion
What da fvvck in da holy ground

magoo10:
i dont sell cars but let me use car sales for example.
A direct tokumbo venza cost between 14 to 16 milion naira ,now tell me how many cars you can have in an average outlet with 20million naira?
Na your type dey support tinubu without using your brain .
Na your future and future children i pity pass

You don't have sense ... Na only car be the only business... Be dull no be small ... Na your type dey always complain dem no wan help me... If 20m is not enough to start a business in this country oga go find salary work... Imagine useless analogy...

magoo10:
kid you do not know the line of business i am into so shut up.no be everybody be your mate for here.

Empty barrels

BigDawsNet:
Just imagine saving a 20m in a US bank and u commot face for 34 years...

Now ur $5m will be smiling at u in the US bank with some interest... which may be converted to around eight billion one hundred twenty-six million one hundred fifty thousand naira

what that 20m naira will do in 1990, 5 billon naira won't do it now..

Likewise what that $5m will do in 1990 in the USA, $11m won't do it today

He use $5m to start zenith bank in 1990, $5m of 1990 is equivalent to $12,162,807.30 = 19,460,491,680 naira using black market rate of 1,600 to a dollar....


The capital requirements too open a national bank now in Nigeria is 25billon naira... so an investor with equivalent of Jim Ovia $5m of 1990.. $12,162,807.30 won't be enough to open a bank with that amount presently in Nigeria...

Those Jim Ovia generation are the root caused of the problems we are facing in Nigeria, they find it easy to excel during their time and are all making life hell for the youth coming up now

BigDawsNet:


Of I was a politician... I would hav gotten it

Sure

Daystar7:



Ololdo pointing fingers, I'll give you #20k if u can tell me who the said first civilian president is and how he's Igbo

The first civilian president of Nigeria is Nnamdi Benjamin Azikwe.

Am I correct?

(8,000,000,000) Eight billion naira now

In 1990 you can’t keep 20k in your house because 20k was like 5 million naira. I remember my father bought plots of lands between 3500 and 5000

What's the present value of the $5m today

We keep electing thieves into political offices and expect to become Dubai

Otondo ..look at yourself...Nnamdi Azikwe isn't Igbo? He was the 3rd Governor General of Nigeria before he became the President, their government was overpowered by the Kaduna Nzeogwu Led coup in 1966 which Agui Ironsi Later overthrown and formed a government where he became the first military head of state of Nigeria...is Nzeogwu not Igbo or Ironsi not Igbo? Stop arguing blindly

Daystar7:



Ololdo pointing fingers, I'll give you #20k if u can tell me who the said first civilian president is and how he's Igbo, the first military coup you term as Igbo coup of you can give me two Igbo out of 10 or there about that actually planned it another #10k

You're just arguing blindly, how can you compare ijaws with Yorubas...what's their population and how many states do they boast of ? You can use Google to refresh your memory...theres no harm in learning

Beverlyjean:


Shows u know nothing about history and how the parliamentary system worked ...

1. Tafewa Balewa was the prime minister and the president position was just ceremonial ...the decisions were made by the PM and not president...president was like VP now ...

2. The coup was by the South in its entirety... ijaw man , Igbo man , calabar man and yoruba man were all involved , so stop acting foolish...

3. Then if the Igbos will never rule, then we must leave this useless country...but be rest assured that the drug lord in aso rock will be the last time a yoruba man will ever rule and then u guys will return to minority ,just like u were b4...the Ijaw people will replace u people as number 3

All na same same! What $5m gets u now is the same as what N20m can get u in 1990. Those big moneylords in the 90s some of them never worth more than 5-10m Naira!

magoo10:
Meanwhile ₦20million today cant start you an average business with a good capital base.

Nb
In response to the kid who quoted me that
if i cannot use 20million for business i cannot manage ₦1billion

I dont sell cars but let me use car sales for example.
A direct tokumbo venza cost between 14 to 16 milion naira ,now tell me how many cars you can have in an average outlet with 20million naira?

Oga, is car business the only viable biz in Nigeria? Abeg comot for hia.

Buhari met $ @ 200 and claimed that Jonathan was bad. He did not correct the mistakes of Jonathan rather he took $ to 760.
Tinubu has come his own and within 9months he moved $ to 1,900.
That is nonsense. The problem is that there are many Nigerians who are still supporting Tinubu.
If they like let it be #5,000 per dollar.

onthehill:
"20 Million Naira Was Equivalent 5 Million Dollar In 1990"- Jim Ovia Recounts How He Started Zenith Bank (Video)


https://www.youtube.com/watch?v=iJWXG83cH0Q?si=tvy51uxwihD79rzg

True that.

manitobor:


Oga, is car business the only viable biz in Nigeria? Abeg comot for hia.

must everybody sell agbado like you?
There are over a thousand businesses that require huge capital in present day Nigeria,I only used car sales for example.
Pettyness and agbero dey worry you

Ray369:
Otondo ..look at yourself...Nnamdi Azikwe isn't Igbo? He was the 3rd Governor General of Nigeria before he became the President, their government was overpowered by the Kaduna Nzeogwu Led coup in 1966 which Agui Ironsi Later overthrown and formed a government where he became the first military head of state of Nigeria...is Nzeogwu not Igbo or Ironsi not Igbo? Stop arguing blindly

Running from pillar to post, instead of giving a direct answer to a simple question u started drooling ewedu analysis. Where's the correlation between the question and answer?

onthehil


l:
"20 Million Naira Was Equivalent 5 Million Dollar In 1990"- Jim Ovia Recounts How He Started Zenith Bank (Video)


https://www.youtube.com/watch?v=iJWXG83cH0Q?si=tvy51uxwihD79rzg

Is there anything worth emulating? Den of thieves who thrives through illegal arbitrage and outrageous deductions. Can any Nigerian bank survives in a sane clime?

Who are you question me on my views and analysis...like your opinion matters..lol

Daystar7:


Running from pillar to post, instead of giving a direct answer to a simple question u started drooling ewedu analysis. Where's the correlation between the question and answer?

Ray369:
Who are you question me on my views and analysis...like your opinion matters..lol

Ask ur father, next time keep ur gbegiri view and ewedu analysis to ur self

Juvenile delinquency...now I know why you're ranting..lol empty Brain

Daystar7:



Ask ur father, next time keep ur gbegiri view and ewedu analysis to ur self

Anyone knows how Jim Ovia got $20M?

magoo10:
Meanwhile ₦20million today cant start you an average business with a good capital base.

Nb
In response to the kid who quoted me that
if i cannot use 20million for business i cannot manage ₦1billion

I dont sell cars but let me use car sales for example.
A direct tokumbo venza cost between 14 to 16 milion naira ,now tell me how many cars you can have in an average outlet with 20million naira?

Must you sell car? Are they not other Business you can start with even 5m and still pull a lot of weight with it

Arabmoney2023:
Must you sell car? Are they not other Business you can start with even 5m and still pull a lot of weight with it

stop typing like a mumu ,is car the only business that require capital?
Or don't I have the right to do bigger business as long I am not stealing.
Is this your support for agbado about poverty? Tufiakwa
No wonder jealousy runs in your blood because you cannot grow than where you are today jeez .imagine the slow minds here

magoo10:
stop typing like a mumu ,is car the only business that require capital?
Or don't I have the right to do bigger business as long I am not stealing.
Is this your support for agbado about poverty? Tufiakwa
No wonder jealousy runs in your blood because you cannot grow than where you are today jeez .imagine the slow minds here

ibu ike mbe 😂