emmanuelewumi:



The signs are all there,we can all see it, just left him to keep on fooling around . But the lady who exposed him should have allowed him to keep on dancing naked for another 2 weeks before the exposure.

I am a pilot.
I export stockfish..
I buy crude oil.
I am a guru in finance and Investment
I want to buy N1 billion worth of Treasury Bills, how can I go about it

That is what I call jack of all trades, master of all

DexterousOne:


It doesn't


The CBN governor is an independent person

The president cannot be giving him orders

It does not happen anywhere else (maybe in other useless African countries sha)

Trump can NEVER order Jerome Powell to take action


What he can do is to instruct the treasury
That's very different

But Nigeria
Everything jaga jaga and scatter scatter
And the people have normalised the crap

emmanuelewumi:



FBN, FBN Quest Asset Management, FBN Quest Merchant Bank are related but they offer different products and services.


Rather for him to keep on enjoying low returns, he can talk to them at the Investment Banking subsidiary of FBN, ie FBN Quest Merchant Bank to enjoy better opportunities and rates.

With N40 million thereabout he can have an account with them

Lazyyouth4u:
The buyers of NITEL and PHCN assets are not smiling to the bank o.How could those dead assets make anyone mega rich? Infact most of them are regretting sef after taking huge loans to acquire those assets. Remember Ayeni and Skye Bank . The refineries will be the same. Only a dunce will attempt it when Dangote is staking all in his refinery project.

DexterousOne:


It doesn't


The CBN governor is an independent person

The president cannot be giving him orders

It does not happen anywhere else (maybe in other useless African countries sha)

Trump can NEVER order Jerome Powell to take action


What he can do is to instruct the treasury
That's very different

But Nigeria
Everything jaga jaga and scatter scatter
And the people have normalised the crap

emmanuelewumi:



The DISCOs were sold to politician cronies and other jobbers, they did not have the technical competence and financial muscles to turnaround the business.

Lazyyouth4u:
That is correct sir but these political cronies were working with some of the best names in the business as technical partners.

Cyberknight:


Such as whom, pray tell?

Lazyyouth4u:
Kindly reach out to BPE o. Them get all the info and bidding documents

Lazyyouth4u:
That is correct sir but these political cronies were working with some of the best names in the business as technical partners.

NL1960:


Iam not on ground in your country.
My account officer does not know anything
I cannot send email

emmanuelewumi:



How come the consortium of General Electric and other known names in the business did not win any of the bids

Competent technical partners would have rejected the bid prices offered by the DISCO owners. The prices offered were to high

FG was concerned about their own money, not concerned about the turnaround, sustainability and multiplier effects than can be generated by a truly efficient power sector

Lazyyouth4u:

Sir, only Oga Atedo and his committee and BPE can answer the bolded. But apart from the financial proposals, they all had to also score high on technical proposals. Winning technical proposals had names of reputable firms as technical partners.

Kendumazy:
Dollar rate going up again. 460 at the moment.

Lazyyouth4u:

Sir, only Oga Atedo and his committee and BPE can answer the bolded. But apart from the financial proposals, they all had to also score high on technical proposals. Winning technical proposals had names of reputable firms as technical partners.

emmanuelewumi:



Who are the technical partners of Ikeja, Eko, Ibadan, Enugu, Port Harcourt, Abuja, Jos, Kaduna DIDCOs?

Bankers and billionairres made by Obasanjo eg Otedola, Tonye Cole sre major players in these consortia, they are used to easy money, and the power sector is a different game although it is very profitable on the long run




Elumelu of UBA, Muttalab of First Bank, Vigeo pioneer Investor of GTB, just to mention a few are bank Investors who invested in the energy sector.

The sector needs cheaper and longer funds

Lazyyouth4u:
I am not disagreeing with you at all. My point is that they had names of technical partners and capabilities in their technical proposals. I also agree with you that the sector needs longer term and cheaper financing but even the DFIs who were in a position to provide this type of financing to them could not lend/pulled out because of the underlying issues in the sector. Availability of gas and Creditworthiness of NBET for the generation companies and collection issues with DISCOS. No company (not even GE) will make money in this sector if these issues are not fixed.

emmanuelewumi:



FBN, FBN Quest Asset Management, FBN Quest Merchant Bank are related but they offer different products and services.


Rather for him to keep on enjoying low returns, he can talk to them at the Investment Banking subsidiary of FBN, ie FBN Quest Merchant Bank to enjoy better opportunities and rates.

With N40 million thereabout he can have an account with them

XiaoLi:
You are right, i have confirmed this from my RM.

emmanuelewumi:



What did she tell you?

You guys are enjoying free consultancy here?

XiaoLi:
Her response was, "FBN and FBN Quest are subsidiaries of FBN Holdings. We don’t offer the same rate on investments". Thanks for all the information shared, it's really helpful i must confess, I have already contacted FBN Quest Asset Management and should switch over to them soon, I just realized that i have been losing a lot of money investing with FBN Private banking.

emmanuelewumi:



Same thing happened with my in-law who tied down substantial sum with the private banking of First Bank, until I introduced her to FBN Quest Asset Management money market fund.

Aquilapriscilla:
Good afternooon
Any idea on the rate of dollar today?
Abokifx is not loading here...

NL1960:


Overrated America. Na so people dey talk all these years and hoodwinking people that certain things cannot happen in America. Now, Trump is in his element and the 'Great' America is grasping for breath. Second base jare.

Aquilapriscilla:
I went to use western union yesterday to send money only to hear it has been suspended nation wide

God will save us sha

emmanuelewumi:



The GENCOs will need gas for energy generation, but we have a case whereby about 50% of the energy generated are distributed by the DISCOs.

How can they solve the distribution problems? Do they need gas to distribute power?


FG still has 49% shares in the DISCOs it will be better if the remaining shares are sold to the residents of where the DISCOs are operating