₦airaland Forum

Mftivi:
you are out of context now. He didn't ask how market appreciation benefit average Nigerians, He asked how does what the op was talking about benefit average Nigerians. You are out of point just die the matter if you can't stay within the scope of the discussion.
If there is no real driver behind market rally it will just die down or even totally give up the gains the next day. I wasn't joking when I said you have no practical experience, what you speak of cannot be brought about by what the OP posted.
I can write a whole book on how market appreciation benefits the average people, but that is not the topic here and that was not the question asked.
If that guy takes your advice at face value and maybe invests in the equity market just because of the sudden rally the probability that he will get burnt is very high.
I don't see how you can disagree with me on that and still claim to be knowledgeable.
A sustained bullish rally in the market is brought about by good economic policies and market cycles (even the cycles are induced by economic policies that aim to keep a balance between inflation and deflation) and the effects on average people can only be felt long-term.
A couple of investment bankers made money, brokers made commissions etc not much was made by average Nigerians, average Nigerians can benefit from short term moves only if they are actively trading.
I understand his question and the context, you don't.

And what did the OP post but the market appreciation in 2020?
Despite low Nigerian standards, Plain English shouldn't be that difficult to comprehend. SMH

Blindersoff:
Nigerian stocks have been ranked as the world's best performers this year in dollar terms.

Paul Wallace @PaulWallace123 tweeted:

https://mobile.twitter.com/PaulWallace123/status/1214858605624774664

Mftivi:
it doesn't benefit average Nigerian in any way. FG Bonds rate is unattractive now so it's just common sense that investors would shift towards equities, it adds nothing to the common man.
FDI (foreign direct Investment) have been nose diving since this administration took over and FDI can affect the average Nigerian but in this case negatively.

9jaRealist:
It does...
If an "average" worker's retirement (or other mutual) fund is invested in equities.

Further, the value of a company's stock affects its valuation (and balance sheet, if it holds treasury shares)...
Which means appreciation may enable it to borrow to invest/expand, and create jobs for the "average" Nigerian!

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agemmy113:
Pls Nairalanders, I need your advice. My boss traveled out of the country and she posted a picture on her WhatsApp status which I commented on 'what a nice pics'.

But to my surprise she is taking it up.
Pls what should I do?

Edited: I wrote Good pm ma, what a nice look.
She hasn't confronted me but she told her housegirl that I will have to explain what I mean to her when she comes back.

IMHO, a tad bit of an overreaction (unless there's something you have not told us)...
But nonetheless, Nigerians (especially Nigerian males) have to learn to maintain PROFESSIONAL boundaries.
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RonaldoVido:
Who told you that the man was a thief abroad ?

Assume US, the legal system is very tight, one can go to jail over an issue people settle inside Nigeria police stations.

The enemies of a man are the members of his own household. The words of Jesus.

That's why Nigeria is a zoo and sh*thole...
Even rape is "settled inside Nigeria police stations"!

Meanwhile, the likelihood is that the man stole money and used it to build his house...
They are many such cases abroad (UK and US). If that's the case, he now know how his victims felt!
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Ayoslimzy:
Wickedness
I would have killed her

Kill someone over money (likely stolen btw) - absolutely BARBARIC! SMH
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Vandalisation again?
Nigerians are the WORST thing to happen to Nigeria!
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Mftivi:
I can already tell you have no real trading experience or investment experience, probably a finance guy with an opinion and an ego just like the bunch of jokes out there at Wall Street who are never right on any forecast.
How did I imply that markets goes up forever? I am a master at playing value equities at
huge discount and I say again that I can differentiate long-term drivers from short term. If the market is for example already overvalued there is nothing this policy can do about it, it will still tank! You are joke if you make long-term forecasts based on policies that don't have long-term impact.
I will tell you what this policy will do, it will cause a wealth transfer but it will not be from rich Nigerians to average Nigerians. Real estate tops the list. My definition of an average Nigerian is the Nigerian living below the poverty line and still fighting with government for their pensions to be paid. Some dude with pension invested in a pension fund is not an average Nigerian.

Dude, do you ever get tired of the irrelevant Strawman's Aguments?

This is a rather SIMPLE, BASIC, ELEMENTARY and limited issue...
You ask how market appreciation benefits the "average" Nigerian, and you were EDUCATED how.

All this other rigmarole is IRRELEVANT to that limited point...
Meanwhile, even civil service janitors are in the market via PFAs (because by law, their pensions are under the contributory scheme).

Let's not even return to the BASIC reality that to the extent that market appreciation enhances a company's balance sheet and/or valuation, it is in a better position to source capital for expansion/growth which would likely benefit "average" Nigerians (even construction laborers).
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wirinet:
Me, I no know book as I am not learned, but I can use my common sense.

Yes the verdict looks and sounds perverse, but are you arguing over an unanimous decision by all seven supreme Court judges? The highest legal minds in the land? To make matters worse, non of the 16 supreme Court justices has disagreed with the judgement, either from North east, West or south.

Don't you think there must be some merits in their judgements?

That's not how the Supreme Court works...
The 16 Justices do not issue personal opinions on matters before the Court.

Meanwhile, it is IRRELEVANT which part of the country a Justice comes from...
Unfortunately, we are increasingly politicizing our judiciary and judicializing our politics.

I respect the Supreme Court's decision as binding...
But (pending the written judgment that changes my mind) I think it's GARBAGE!
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garfield1:
ON THE IMO STATE CASE, I FINALLY AGREED THAT THE SUPREME COURT GOT IT RIGHT!
For simple analogy, read this:

So that you crying lots can understand, I will break the judgment down for you in a layman way. Hope Uzodinma went to court, he told the court; I was rigged.

The court asked 'Can you prove your case', he answered, 'Yes', the court said 'Okay, Prove your case'.

Hope said no problem, he called 54 witnesses, he presented results of 388 polling units across the state where his votes were excluded. At the final INEC collation centres, INEC merely write 'Not Available' in the 388 columns where the votes of APC and Hope should be recorded, whereas, the column were filled and signed by all party agents, INEC and Police at the polling units.

Hope was smart, he gather the form EC8A his agents received at the 388 polling units where his votes were recorded and signed by all party agents, he also got form EC8B in all the 388 wards where his votes was unrecorded and was not therefore signed by his (APC) party agents. He presented all of that to the court and ask the court to explain why votes recorded at the PU went missing at the Ward, Local and State collation centres.

The Court said okay, we've heard you. They turn to the PDP and Ihedioha and asked him, did you hear what Hope said and see what he presented? Ihedioha said Yes. Court now asked him, do you agree with him?, he said No. Court then asked, what do you have to say.

Ihedioha called just 1 witness, he said what Hope presented and said was false. The Court said okay, but present the truth. Ihedioha said although I don't have any form or paper to present and I don't have more than 1 witness to call, but I know what Hope said is false. The court said Okay, hold on.

The court turned to INEC, did you hear what Hope said? They said Yes. Is it true? they said we don't know. The court asked if the form EC8A presented by Hope, where his votes were included and signed by all party agents and INEC was truly issued by INEC, INEC said Yes. They ask again, do you have any other contrary results or forms from the one Hope presented, INEC said No. The court said Okay. We are coming.

The court turned to the Police, who provided security for the election, do you hear what Hope said? Police said Yes, the court asked further, were you given the form EC8A at polling units level as provided for by the law? Police said Yes. Court ordered them to present it and they did, court cross-checked if it's the same with the one presented by Hope and alas it was.

Court then called Ihedioha, come and check it and juxtapose, he did, they asked if the form EC8A presented by INEC and the one presented by Hope which Ihedioha has just seen are the same, he said Yes. They asked him, what do you have to say? He insisted, it was forged

Court then told Ihedioha, you are a thief, Hope has proved his case and they declare hope the winner.

ME? I REST MY CASE.

Bro, problem with your dissertation is the finder of fact (the Election Tribunal) heard all of these and still rejected Uzodimma's petition.

The Supreme Court (like the Appeal Court) is NOT a finder of fact, unless it opts to review a case de novo, in which case it holds an evidentiary hearing. The reason that an appellate court defers to the finding of fact of the trial court (the tribunal in this instance) is that the tribunal has the benefit of directly appraising witnesses and determining the credibility or veracity (or otherwise) of their evidence. Accordingly, the ONLY way that an appellate court (including the Supreme Court) can overrule the findings of FACT of the trier of fact is to hold its own evidentiary hearing, which the Tanko court did not conduct. That's Jurisprudence 101 (let's not even get into the absurdity of ending up with MORE votes than accredited voters).

Anyway, as previously said, I consider both PDP and APC are merely two sides of the SAME criminal enterprise...
I also reaffirm my recognition that the verdict of the Supreme Court is final, but that does not change that it's GARBAGE!
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zoedew:
The truth you are obviously not comfortable with is that the Law about dumping documents on the court just changed. Until the Supreme Court reverses itself it stays that way! That only a decision was given is the more reason you should have refrained from an uninformed comment not having had the opportunity to read the Full judgment. Stay in shape Amigo!

Dude, I was responding to your UN-INFORMED comment that we should go read the judgment that was not yet written. Stay safe!
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The Tanko Supreme Court has created the following UGLY precedents:

(1) ended up validating more votes than the number of registered/accredited voters;
(2) decided that all of the votes in 388 polling units were cast for only 1 candidate/party;
(3) ignored its own precedents that proof must be made for each individual polling unit; and
(4) replaced the findings of fact by the fact trier (the tribunal) without conducting a fact hearing.

For the avoidance of any doubt, I think of both of the PDP and the APC as merely two sides of the SAME criminal enterprise...
I also acknowledge the Supreme Court’s decision is final, but nonetheless let’s not deceive ourselves: the decision was GARBAGE!
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NEVER HEARD OF BOTH OF THEM...
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Looking at Buhari’s campaign rallies...
It was clear that a large illiterate poor electorate suits the Northern ruling class.
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Ekemeze:
"Nigeria is not poor", Northern Nigeria ALONE is poor

BLESS YOU!

Split this country into 2 (although I am NOT advocating that)...
The Southern part will immediately be classified as a Middle Income nation.
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Excellent! Eko Oni Baje!
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SUPERSTITIOUS ZOO!
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zoedew:
Informed comments are better than uninformed ones. Those who read are ready. Read up on the judgment and ask a Lawyer or two where you are not clear on what you read and then you will be ready to comment on this thread!

Hope you were holding a mirror when you wrote that...
You would do well to INFORM yourself that only a decision was issued but the written judgment itself will follow later. SMH

Meanwhile, the Court has created the following UGLY precedents:
(1) ended up validating more votes than the number of registered/accredited voters;
(2) decided that all of the votes in 388 polling units were cast for only 1 candidate/party;
(3) ignored its own precedents that proof must be made for each individual polling unit; and
(4) replaced the findings of fact by the fact trier (the tribunal) without conducting a fact hearing.

For the avoidance of any doubt, I think of both of the PDP and the APC as merely two sides of the SAME criminal enterprise...
I also acknowledge the Supreme Court’s decision is final, but nonetheless let’s not deceive ourselves: the decision was GARBAGE!
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GOFRONT:
What!!!

Where is Nigeria name on d list??.....
Who is the corrupt element that compile this list and Omit Naija from her Glorious number 1 position??
Nigeria name no appear for here??....Despite the way I and my cronies wrecked Nigeria??

jantofubu:
This is a rigged list... Where is Nigeria

Oluwasaeon:
It's obvious Nigeria corrupted the list

Naijirians will not kee me today o....
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crash12345:
lol,are you guys that desperate to paint Ghana as a bad country when Ghana is minding his own business. Think about your 1 million problems and 100 million extremely poverty capital of the world's people record in your zoo and leave Ghana,the most peaceful safest progressive country in West Africa alone!!

Wailer!
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Rick9:
How exactly do they get their statistics?

The same way they get all of the other indexes...
It is a PERCEPTION (in this case, "trustworthiness" ) index.
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daddytime:
Below are the 10 countries perceived to be the most corrupt, and more country-related rankings can be found here.

Country Corrupt Rank

Best Countries Overall Rank

Colombia. 1. 51

Mexico. 2. 33

Ghana. 3. 67

Myanmar. 4. 57

Guatemala. 5. 65

Saudi Arabia. 6. 31

Brazil. 7. 28

Kenya. 8. 53

Bolivia. 9. 60

Russia. 10. 23

Wonders shall never end.

Where those our charle brothers and sisters wey dey kpokpo us here?

Come and see what Transparency International said oh. But this people wan ginger our politicians to put in more effort abi wetin dem dey try do?

Source:

https://www.yahoo.com/finance/news/10-most-corrupt-countries-world-050100477.html

This news will kill my Ghanaian friends...
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lalasticlala:
www.nairaland.com/attachments/10897415_screenshot20200116202719_jpeg706c59904436d0607b7f0fb2c7476dbd

Sorry, but these look like a right pair of CLOWNS...
Meanwhile, state government funds are being spent for PERSONAL religious soirees. SMH
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zoedew:
PDP has come to a sorry pass indeed! Imagine a Party Chairman saying stuff like this! He is supposed to be educated and claims to be a democrat! How far away is four years to warrant a tear-down of the Supreme Court just because a decision is considered unfavourable! Besides, that decision is sound in law and logic. Secundus should at best be second fiddle in PDP administration. By the way, his penchant for making obviously bad and uninformed choices has APC presently in power in Osun State. Ogunbiyi was sure to coast home to comfortable victory against APC’s Oyetola who was secretly praying for PDP to field the dancing bear who like forever is a hard sell!

Akiika:
Bunch of cry cry babies. The CJN should resign because SC judgment didn't go in their favor this time. It's how democracy and the justice system works, if you don't trust the SC, don't take suit to them. It's not by emotion and sentiment, but by who makes the best logical argument at the court.
May power never reach these bunch of morons ever again.

Abegi, which kind of "logical argument" gives us more valid votes than accredited voters?!

Granted that the PDP and APC are merely two sides of the SAME criminal enterprise, but let's not stand reality on its head!
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festacman:
As confusing as the currently trending INEC's official results of 2019 Imo State governorship election are, I dare make the following submissions pending the release of details of Supreme Court ruling:

First, a question: What happens to the duly registered and accredited voters who turned out and actually voted in the so-called excluded 388 PUs if the judges leave the issue of exclusion unattended to? Interestingly, it is highly likely that there is no PU in Imo State that would have less than 100 registered voters. So, is it legal and right for these bonafide Nigerians to be disenfranchised just because somebody didn't do his job well?

What the current electoral result confusion in Imo State shows is that the malpractices that happened in the, now notorious, 388 PUs also took place in other PUs across the state. Otherwise, how do you justify and rationalize that INEC figures added up inspite of the massive number of legitimate voters whose votes were excluded in 388 PUs. The fact is that what happened in Imo State in 2019 gubernatorial election was not election but rigging competition by the four 'heavyweight' candidates.

The bottom line is that both the permanent and Adhoc staff of Imo State INEC in the recent 2019 governorship election are a huge disappointment and were partly complicit for this electoral mess. Obviously, they lost control of the messy situation and merely 'balanced the book'.

Denigrating the Judges of the Supreme Court for the smelly mess created by fraudlent actvities of self-centred politicians is, to say least, a demonstration of foolery.

Are you saying that it is even possible that ALL voters in those 388 PUs voted only for one candidate/party?
If not, then the real disenfranchisement is by the Supreme Court of voters who did not vote for that one candidate/party.

Frankly, it is those Supreme Court Justices who are "denigrating" themselves...
If there's evidence of impropriety/rigging in the elections, the panacea is not to install the Justices' preferred candidate! SMH
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Mftivi:
define average Nigerian? You a joke bro! If the market appreciation is very short term then the growth you spoke about cant be sustained. It takes time for real growth in the equity market to reflect in the economy! Such growths are sustained by good economic policies not some random news push that has no sustaining power. You should learn, I am an active trader and have seen a lot short term boost and longterm move to be able to spot the difference. You conveniently ignored the part I mentioned that this is no longterm growth driver and that already nullifies your point about the growth that you speak of, Rome was not built in a day.
Given the low yield bond rates investors would invest longterm in our equity market if they have faith in our economy, I can tell you with much confidence that most would rather invest in an SP500 ETF

Yet more irrelevant Strawman's Argument...smh

Who said anything about "sustained" (just like no-one said anything about "forever" ). You claim to be a so-called "active trader" and yet you seem to think that people should only invest in markets that appreciate "forever" and apparently baffled that markets are invariably cyclical.

It is that very nature of markets as cyclical that accords comfort to long-term investors such as PFAs who are looking past short-term volatilities to profit over the long-term, and any "average" Nigerian subject to the contributory pension scheme is in the market through the PFAs.

Yet again, if you don't know be humble enough to learn...
Otherwise, the only way you are going to make a small fortune from your so-called "active trading" is to start with a huge one! SMDH@
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thesicilian:
When you try too hard to sound intelligent you end up embarrassing yourself.

More vacuousness...
Glad Nigeria has folks like Dangote not burdened by "personal" loser's mentality!
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thesicilian:
Success is based on personal goals bro, the real sleeplessness comes from comparing your success with that of another person.

Vacuous cliche...

There are many kinds of success...
Eg, Buhari has not been successful in eradicating/minimizing corruption. Nothing "personal" there!

Doing good and doing WELL is perhaps the greatest form of success...
Because it uplifts OTHERS and accordingly perhaps the GREATEST form of success.

Finally, setting goals ('comparison' in your vernacular of low standards) is a basic key for success. SMH
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sulaak:
His African Cement operations are all loss-making, it's only in Nigeria that his business is doing very well and offsetting the loss.

Simply repeating untruths do not lend them even a grain of veracity...
Dangote Cement is a public-listed company and its audited financials are PUBLICLY available.
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Ykc2:
you can go and worship him not me I dont suffer you over there ,

Unlike you, I do not "worship" people (or anything else for that matter)...
Unlike you, I do not suffer an inferiority complex to Oyinbo. I have schooled/worked with them and BESTED most of them. SMH
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GOFRONT:
Chaiii....Hanan Buhariiii

This girl go sweet sha!!!

Abeg who get her phone number??

DSS...
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Drosonogasta:
Tah! If onyibo sell Arsenal give black man make una gada fry me like kpala.

Money has no color...
If you have enough of it, Oyinbo will speak Egba or Kanuri for you.
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Ykc2:
dangote thinks that england is nigeria where his trailers will kill thousands of people every year with out compensation or where his fronting money owned by nigerian past leaders?let him try ,salaries of some arsenal players a week can pay 150 drivers in a month in his so called company

Life must really be painful for you children of a lesser god...
Fortunate that folks like Dangote don't have your inferiority complex! SMH
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Kennitrust:
I have never heard of Dangote's brothers or family members.

Does he had one? What if he left by ultimate call... Who will dash... Dash... Dash... (U understand).

Sani Dangote is Aliko's younger brother...
He is in charge of the agricultural businesses.

Of course, Aliko's daughters are involved in the Dangote Group.
Halima is Group ED, while Fatima runs the Salt business (NASCON Allied).
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