Founder & CEO @themoneyafrica @getladda @moneyafricakids Linked In Top Voices Finance & Economy 2020. Seedstars 2020 ODX 2021
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Oct 20, 2022 • 5 tweets • 2 min read
A lady bought a house at Ikate, Lekki for N60 Million three (3) years ago. She sold it last month to relocate for N85 Million. The exchange rate 3 years ago was N360/$ and now at the black market where she exchanged at is ~N720/$.
If she had held the money in Dollars, she would have had $166,000. When she converted the proceeds of the sale to Dollar, it amounted to $118,055. The rental income of the property was N12 Million for the 3 years.