₦airaland Forum

eyinjuege:
Wrong
Only about 90% of rape cases are reported
And just about 5-10% of rape cases are false accusations
Rapists abound very much in our society, unless we want to lie and pretend
Infact, 1. all cult boys are rapists, and we know how rampant cultism is in our society, from secondary, university, even artisans on the streets have joined one cult or the other 2. Other than cultists, a lot of people in positions of power have been known to abuse such positions eg clergy, bosses of maids, fathers, step fathers etc
So because we have some people falsely accusing young men because of a relationship gone bad doesn't mean the number of rapists in our society is low, same thing as the fact that we're not testing a lot of people for covid doesn't mean it's low or not being spread.

I know we will get to that day in Nigeria where all rape cases will be fully scrutinised and enough support given to victims, and rapists will face the law. Just a matter of time, we will start doing rape forensics in Nigeria and women who have been violated will have evidence there and then to save for future persecutions of rapists

I found this interesting article which claims that the fuel we import into Nigeria is of a lower quality than that produced by illegal refineries in the Niger-Delta

Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the Niger delta is less polluting than the highly toxic diesel and petrol that Europe exports to Nigeria, new laboratory analysis has found.

Shell, Exxon, Chevron and other major oil companies extract and export up to 2m barrels a day of high quality, low sulphur “Bonny Light” crude from the Niger delta. But very little of this oil is refined in the country because its four state-owned refineries are dysfunctional or have closed.

Instead, international dealers export to Nigeria around 900,000 tonnes a year of low-grade, “dirty” fuel, made in Dutch, Belgian and other European refineries, and hundreds of small-scale artisanal refineries produce large quantities of illegal fuel from oil stolen from the network of oil pipelines that criss-cross the Niger delta.

koning:
First black/African man at Oxford = Emeka Ojukwu

First balck man in Eton College = Dilibe Onyeama.

Conclusion = IGBO AMAKA. Putting Nigeria and africa on the map since 1845.

Mod, do the needed. The world need to know.

But when the time came, Onyeama failed the entrance exams. Another Nigerian boy, Tokunbo Akintola, thus became the first black student in Eton, attracting global media attention.

thesilentone:
This is a flawed argument. If one is interested in buying the index, you might be better off giving your money to the hedge fund manager who will save you the 'stress' of running an account to get the same results. It would be enlightening to the readers if you explained to them how indexes work.

If you don't want to do any research, if you can't be asked to do any due diligence, by all means buy the indexes. You don't even need to read any books, just buy the index and expect the overall market returns. Even WB does not buy the index.

Buffett is a master of value investing wherein patience, discipline, and risk aversion are the essential ingredients for success. But he acknowledges that individual stock picking is not for everybody. In fact, most average, long-term investors would benefit from a much simpler strategy, he says: investing in low-cost index funds.

"My regular recommendation has been a low-cost S&P 500 index fund," Buffett wrote in his 2016 Berkshire Hathaway annual shareholder letter.

Alaska90:
Please can you talk about it here....that is one of the reasons for this forum

Most stocks will cost you money. An even larger number make for lousy bets; instead of being rewarded for taking some risk, you’d likely be better off buying risk-free bonds. At least, that’s the case in the US, said University of Arizona finance professor Hendrik Bessembinder in 2017, following a groundbreaking study examining the performance of almost 26,000 US stocks over a 90-year period.

nameo:
Yes, we have a Revenue Vs Expenditure(nasic obligations sef) issue, but when you are in the dire financial cum economic situation as described above (debt-to-revenue ratio tending to 100%), one of the things you must do is to reduce COST. Once you reduce cost(esp unnecessary ones), your expenditure will reduce thereby reducing pressure on your revenue and ensuring that your deficient spending(borrowing) reduces. That is massive and evn painful reduction of cost and blocking leakages on the revenue side.


Yet Buhari has not only reduced cost. Cost has arguably increased.

A President that therefore takes the lazy path of just borrowing more while using almost all its actual revenue to pay interests on previous loans is not only serious but sick.

It should frighten you.

Iamsoulomon:
Ford motor company(F) have a high dividend yield base on their price 13%

Exxon mobil corp(XOM) 7.38%

Boeing company(BA) 8.65%

Note this are dividend yields and not the amount they will be paying you’re too calculate the amount yourself, dividend yields changes as stock price change and moreso any of these is not a recommendation I’m just letting you know the companies with high dividend yeilds there are more others too... stay safe

ebuka1997:
You forgot a major party. The Fed.

DexterousOne:
I get you

But I hope you get where I am coming from as well

DexterousOne:
Future economic fundamentals?

Of what ?

Some of those companies have rotten fundamentals
Like very rotten


FEDS buying their junk bonds is testament to that.

If the fundamental of a company is rotten .

The health of the economy makes no difference

Some traded companies are alright
But many others are not.


Time will tell
And we go see am.

DexterousOne:
What Powell has successfully done is to DIVORCE the market from economic fundamentals

The chickens will come home to roost one day
And the repercussions will not be palatable

DuBLINGreenb:
Useless people I hate Nigerian politicians ehn

You do the most basic of things and you expect praises the money you spend to publicise the filling of pot hole is now more expensive than the pot holes filled and people will still fall for it

ebuka1997:
Good stocks, have you had a look at Boeing? They have recently resumed production of the 737. Would they move with airline stocks?

arduino:
Only Southern Airline fits this description

The African Development Bank’s board agreed to an independent probe of its president, Akinwumi Adesina, after U.S. Treasury Secretary Steven Mnuchin rejected an internal investigation that cleared him of allegations of favoritism, according to two people familiar with deliberations on the matter.

Olominira:
Nigerians must always unite to fight off common enemy. The USA framed up Onyema for canceling deal of buying their flying coffin called Boeing MAX. Once US can't control you they would label you corrupt. People like us would find it difficult to believe anything US is saying about others, because USA is a terrible lying machine.

SIRTee15:
Don't be fooled by the french media sudden concern about nepotism in Afdb....
France wants him out badly...
They will be the biggest loser if adesina returns as president....
He has decentralised the operation of the bank making it impossible for France to control from Paris....

Nigeria has only 4 senior staff members....check their names in my previous thread....despite being the largest shareholder.....something the article conveniently forgot to mention......
France on the other hand, has 65 senior staffs working in the bank....mind u their contribution is insignificant....
Did article mention that...no..

Forget all this talk....France is just paranoid their stronghold on francophone countries will soon be dismantled.....
Even the chairperson of the board, an Ivorian has agreed the indictment should be squashed....
During the panel investigation, none of the whistleblowers came out to testify, they neither sent credible facts to back their claim to the panel....
Adesina already said he donated the 750 thousand dollars award to charity......
They ain't got nothing on him, they just using the media to discredit him.....

However, if he must go, then nigeria should insist one of the guys he brought to the bank as replacement....
The bank vp okonkwo and the former PENCOMM boss Chinelo are good replacement....
The stronghold of France on African countries must come to an end....

Relatives of President Adesina have been appointed to strategic positions within this Abidjan-based institution, which notably manages public money from African taxpayers. But these appointments flout the strict rules of recruitment, insist the whistleblowers. They cite the case of a friend of Mr. Adesina appointed to a managerial position, yet still occupied by his predecessor. This forced the AfDB briefly to pay two salaries. Another, a childhood friend this time, was awarded a contract for $ 326,000 (about 300,000 euros) in 2017 for his Nigerian communications company, before being recruited to the AfDB for a few months later. However, during an internal audit of the institution, the contract was reported as potentially falling under a“Conflict of interest” .

agabusta:
Thank you sir.

They mentioned favouritism in appointments and contracts and lack of due process.

I expected them to furnish us with some of the details of their allegation for us to out it in the right perspective, but nothing!

the letter, more than a dozen pages long and dated April 2020, bank staff also complained of "preferential treatment for Nigeria and Nigerians".

They said in particular that while Nigeria owned a little more than nine per cent of the shares in AfDB, Nigerians "made up roughly 25 per cent of the newly recruited managerial functions" under a "massive recruitment drive that was launched due to the restructuring of President Adesina between 2016 and 2018."

The new managers allegedly include a brother-in-law of the president and a childhood friend.

Mr Adesina said: "I am 100 per cent confident that due process and transparency, based on facts and evidence, will indicate that these are all nothing more than spurious and unfounded allegations.

Another example raised by the bank staff was that of awards received by Mr Adesina in 2017 and 2019 of US$250,000 and US$500,000 from groups in the United States and South Korea.

"It is not clear if he received these awards as the President of the AfDB or as a private citizen," but "dozens of people, bank staff, executive directors" and others including family members "attended the award ceremonies at the bank's costs."

The letter went on to ask: "If these awards were private, why did the bank support associated costs? If they were awarded to the President of the Group of the Bank were the awards returned to the Bank?"

gamaliel9:
Please do not trade so often on these fintechs...you will lose money..you just end up making money for them. I think dividend investing is better with them....

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets..."

tipscogreen:
It only fake believers that practices what you are doing. Go to the north, you wouldn't see any Hausa/Fulani moslem accepting easter or Christmas meat(food) from Christians.

You can also visit the former eastern region and check if you will find any indigenous Christian accepting food or meat from moslems during their festivals

Yorubas are our major problem in Nigeria as a nation. They don't know what is abomination is religion or politics. No different between Yoruba Moslems and Christians. They can freely share their place of worship with each other. The will eat anything eatable and married themselves regardless of what their religious holy book said. Yoruba attached no value to their religious belief but their personal comfort

fairfora:
Sadly, this post would not draw much crowd whereas, this is what affects everyone in the country. Don't mind them. Tomorrow they'd come and be bragging that they're the richest people in Africa, after they must have shortchanged the legitimate SMEs who are struggling to survive. We have been approaching our banks since early april for forex. We have explored all the opportunities, ranging from Investors and importers windows, SMEs retail, SMEs wholesale, form Q windows but all have proved ineffective. You can't send cash fx deposited in your acct overseas. It has to be inflows...meaning only fx deposited into your account by transfers only( mainly from abroad or from within same bank internally) can be transferred to buy goods abroad. Bank directors are complicit in this mess. They divert what is meant for the SMEs and sell to the highest bidders like dangote. I don't want to hear anyone calling dangote the richest man again because he took hold of opportunities meant for hundreds of thousands of SMEs nationwide and utilized it solely, for over a decade.

I can count how many times we have had our LC transactions approved...na only dem and tell me how they wouldn't make headway? Yet our banks would keep sending us emails that forex are available to go round. You need rice for instance and everybody else needs rice but you need forex to order rice. You approach the bank and they tell you no forex, after meeting all the requirements. If you had the opportunity to buy the rice and bring it into Nigeria in a vessel in a single deal, you're made for life. But once somebody like dangote places a call through to all commercial bank directors, they'd mop up all the available dollars and give to him, thereby deprive the SMEs who also want to rise and become somebody the opportunity. Otedola, tony elumelu, jim Ovia and the rest are all players in this game of selfishness. Tell me why they wouldn't call them rich after all the opportunities available to others must have been mopped up by them? And if SMEs struggle to get their dollars at the back market to order their goods, they wouldn't be able to compete with the likes of dangote because they'd sell at a higher price...dangote would get in volume and at good rates from bank directors and bdcs ...no be wetin you get, na im you go sell?

Such sharp practices can only be allowed in Nigeria. Emefiele can't say he's also clean in this deal cos that's where they make money too. That's why SMEs are finding it difficult to thrive in Nigeria. Go to America, SMEs drive their economy. You dare not try this shiit over there except you want to spend the test of your life in a correctional facility. Useless govt, useless system we've got.

LAGOS/LONDON (Reuters) - As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa's richest man.

When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of dollars available at the cheap official rate, a study by Reuters shows.

Reuters examined foreign currency transactions made during an 11-week period in March to May this year. Over that time, Dangote businesses were able to buy at least $161 million in hard currency from the central bank. That was around nine percent of all the hard currency the bank sold over the period. In a single week in March, one dollar in every eight went to Dangote companies. There is not enough data to see how that stacks up with the companies' share of foreign trade.

LukasPodolski:
Mr Igboid Nigeria has over 250 ethnic group, seems Igbos are the only group having having sleepless night over Lagos matter, why is this so?

You guys claimed you developed Lagos, few days ago a Nairalander that goes by Deepfeel said Igbos owned Sabo gari in Kano.

Don't you think these act of chest beating is an insult to your host and might trigger them to attack you guys (just as the Northerners have been doing)

The mayor of London is from Pakistan.