Excess profit on top our heads with cement selling at 5k a bag and Buhari with Fashola talking of housing for all.. Fulani monopolies want us to embibe the spirit of cave existence...

jieta:
just imagine what dangote will use our eye to see when he finally complete his refinery.

except is that oil well close to the Lagos island he will manage because by the time Niger delta militants increase their demand and FG no comply on time, his losses will tell on him.
Nigerians are very docile same with Congolese people, Ghana and some well to do African countries will make sure such things will not materialize in their countries.

OyigboUpdate:
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube

and hes not the richest man on earth?

[s]

post=99068843:
That is some colossal profits considering it was the year of pandemic

[/s]

OyigboUpdate:
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube

and how many millions have u made since u were born

PrinceOfLagos:
Seems only hausa/fulani owned businesses are making headway in this buhari government

You must add ethnic dimension to everything.

As if Southerners no dey buy cement

NwaAmaikpe:




Why wouldn't they?
I repeat why wouldn't they?

Nigercem Nkalagu is dead
Ibeto Cement has been suffocated.

If it is not Dangote, it is Bua....a sad monopoly of a specific line of business.
Sadly, over 68% of patronage is by Southerners.
From Chiedu Okoh to Lafenax...I doubt both companies have any bigger dealers.

Cement that should sell for 800naira a bag now sells for 3,300 a bag and you are surprised at a 95.4billion Naira profit?

your father

PrinceOfLagos:
Seems only hausa/fulani owned businesses are making headway in this buhari government

Before nko...did Buhari not closed boarder for everybody but only opened same for dangote and this same bua??

Why won't they declare profit when an average man can not afford a bag of cement even just to patch varader for business? Seems we will just leave this country for you and Dangote.

OyigboUpdate:
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube

How much did you make?

Monopoly

Weldon BUA, I like your resilience in the field of business. But expand and diversify pls.

If hin can make this much then dangote go make times four of that

faithfull18:
God when

When you take actions

no such thing as hausa/fulani anymore.. either Fulani or Hausa.. the division is now irreparable.

PrinceOfLagos:
Seems only hausa/fulani owned businesses are making headway in this buhari government

fourboys:
Yahoo, kidnapping, robbery, no fit give u dis kind money.... hard work pays mann... God bless all d hard working guys, ur hustle go pay dis year

I didn't support those crimes you mentioned, but these people too were criminals in collabo with government. Imaging, total revenue was 209 billions and profits was 95billions .
That is 45.5% profit.

They collaborated with useless govt to exploit the poor.

If Bua is making this amount as profit, abeg how much Dangote go make??

N98 billion and yet a bag of cement sells for N4000 in most places.

EzeYezzuz:
Imagine for this same Nigeria

In life, it is what you focus on that expands. If all you see around you are opportunities , you are more likely to create value from the opportunities and if you see lack and poverty, it limits your horizon sir.











Meanwhile, please visit https://freestuffsng.com/ to get your free stuffs in Nigeria.

osemoses1234:
how much you made ? Cho cho cho

Hahahaha

OyigboUpdate:
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube

And chinyere tha akara seller make 70k in five years

In the same Nigeria. Fools are killing themselves for politicians.

Well done to my Kano brother. Kanawa are No.1 in business. AllahYaqara Albarka

Accountants in the house, what's the difference between gross profit and revenue?

OyigboUpdate:
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube

Whats ur point!

OyigboUpdate:
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube

If this is true then ...... hmmmmm I don't know what to say!

PrinceOfLagos:
Seems only hausa/fulani owned businesses are making headway in this buhari government

Nobody prevented your father from opening his own factory.

Icumsa45:
Accountants in the house, what's the difference between gross profit and revenue?

Profit before tax and profit after tax.

As far as I know, BUA does not like the current restrictions that make cement that expensive.

They want to liberalize production in Nigeria.

Other cement producers (not sure about BUA) want to liberalize production and importation of cement.

NwaAmaikpe:




Why wouldn't they?
I repeat why wouldn't they?

Nigercem Nkalagu is dead
Ibeto Cement has been suffocated.

If it is not Dangote, it is Bua....a sad monopoly of a specific line of business.
Sadly, over 68% of patronage is by Southerners.
From Chiedu Okoh to Lafenax...I doubt both companies have any bigger dealers.

Cement that should sell for 800naira a bag now sells for 3,300 a bag and you are surprised at a 95.4billion Naira profit?

Wow!

The Profit Before Tax is almost 50% of revenue. The profit margins are too damned.

That's what you get when you ban imports. Consumers are paying through the nose for cement

I hope you realise that cement is selling at 2700 direct from the factories. It's retailers that are making the huge margins on the price due to scarcity because one of Lafarge's plant has broken down and Dangote had some issues too which they have now fixed. That's why the BUA man was saying more players are needed to boost capacity but who wants to drop $300miliion to build a new plant? Who?

Southern businessmem especially need to reevaluate what kind of wealth they want to create. Let them put their money where their mouth is

NwaAmaikpe:




Why wouldn't they?
I repeat why wouldn't they?

Nigercem Nkalagu is dead
Ibeto Cement has been suffocated.

If it is not Dangote, it is Bua....a sad monopoly of a specific line of business.
Sadly, over 68% of patronage is by Southerners.
From Chiedu Okoh to Lafenax...I doubt both companies have any bigger dealers.

Cement that should sell for 800naira a bag now sells for 3,300 a bag and you are surprised at a 95.4billion Naira profit?