₦airaland Forum

LAguy:
Why Arnenal and not Kano pillars?

Why are you using Internet instead of native talking drums? Different levels...
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anonimi:
You obviously define success in a narrow, parochial, individualistic manner.
Good luck with that.
This tip of the iceberg below should make any Nigerian with conscience not sleep well at night.

A "Parachute" Piece....

1) Dangote Group BOUGHT the dollars, it was NOT a gift...
2) Dangote Group bought said dollars at the OFFICIAL rate...
3) Many other Nigerian businesses bought at same rate from the CBN...
4) According to the report, over 90% of official CBN forex were sold to OTHERS...
5) Btw, the CBN prioritized MANUFACTURING over trading, tourism, etc...
6) Dangote's LOCAL manufacturing saves Nigeria BILLIONS in forex for imports...
7) Dangote's LOCAL manufacturing creates THOUSANDS OF NIGERIAN JOBS...
8 ) Dangote's Pan-African operations earns Nigeria FOREX revenues, etc., etc.

The forex reserves held by the CBN are not there so it can be admired from afar...
The primary utility of Nigeria's forex reserves is to help GROW the Nigerian economy!

So, HECK YES! That's my definition of success...
What's yours? Ability to CRAM-AND-REGURGITATE reports without independent thought?! SMH
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seborrhic:
If per chance I have a close friend that fortunately now becomes a minister or a state governor for example and that friend using his goverment power as governor gives a directive that anyone that wants to bring ordinary yam for eg for sale into the state,must first sell to me and that I have the sole monopoly of yam sales in all markets in Rivers State for eg,in 5 years time one would be a billionaire.
With that billion,I now support my friend in his further stay in power;then meet him again and tell him I would change the face of transportation in Rivers State,if he allows only my modern buses to ply all inter local government routes.He accepts,in 3 more years one would be a multibillionaire and get all funds needed to aggressively go into all other spheres of the economy.
Dangote is smart businessman no doubt,but his trajectory to what he is now has been aided by friends in high places that skewed the business climate in his favor several steps of the way.

NONSENSE! Dangote has NEVER enjoyed a monopoly...
But Nigerians denigrate success (while celebrating failures), and that's why we are a Third World S/Hole! SMH
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sulaak:
They will start causing Nigerian when he start messing Arsenal around.

Dangote cement plants are all operating at a loss ($200 million combined) in 14 African countries except in Nigeria where his cement businesses are operating at a profit.

QUIT LYING!

Dangote Cement is a publicly-listed company and therefore publishes each of its AUDITED quarterly, half-year and annual reports as per regulatory requirements (both the SEC and stock exchange rules and regulations) for the benefit of shareholders and the investing public. In the last available quarterly results for the year ending Q3 2019 (full-year results usually are published within 90 days following the end of year), volumes, revenue and PROFITS (not loss) of the company's Pan-African operations all INCREASED from the previous results. SMH at your Beer-Parlor reports.
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thesicilian:
The federal government of Nigeria won't be there in England to make favorable policies for the club's monopoly.
RIP in advance to Arsenal FC.

anonimi:
Don't mind the monopolist propped up by government policies in the Fulani Republic of Naijeriya, FRN.
He should takeover all the almajiris in Kano to be taken serious.

Whatever makes you folks sleep well at night knowing you will never be as successful...
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One4me:
Nigerians are a stupid lot!
Even our Big Companies advertise using Premiership jerseys and our people watch premiership like it is a religion.....

But they neglect their own League Clubs and the English people dont give a rat-azz about you Nigerians so, why try to be more British than the British?

God punish this type of inferiority complex.

EVERYBODY watches the Premiership around the WORLD...
Even Americans for whom men's football (soccer) is not really a major sport.

The Premiership is a GLOBAL product....
With players from all over the world - including NIGERIAN players!

If Nigerians don't watch the local league, it's due to its crappiness with corrupt officiating...
Nigerians will embrace local products so long it's QUALITY - ask Burna Boy, WizKid, Davido, etc.

Meanwhile, you are the one who sounds as if burdened by a self-esteem problem...
While HUMANS (Nigerians/Africans, Americans, Asians, Europeans, Arabs, etc.) enjoy the Premiership!
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.
Nigerian press and this "Shoprite" illiteracy again...
The name of the mall is Abia Mall, not Shoprite or Shoprite Mall. SMH

Shoprite is merely a TENANT in the mall...
It is NOT the developer and does NOT own the mall.

Shoprite is an anchor tenant...
And will NOT be a party to a secured loan for the mall.
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Mftivi:
you think so because you think the stock market goes up forever, This is just a temporary bullish rally because of News.
No average Nigerian has funds invested in a retirement mutual equities fund.

Quit making childish Strawman's Arguments...
The point was how the market appreciation benefits the "average" Nigerian, not that the market appreciates "forever" (a dumb notion).

Meanwhile, "average" Nigerians under the contributory pension scheme have part of their retirement funds invested in equities by the PFAs.

If you don't know, please ask...
There's no shame in learning stuff. Learning should be life-long.
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adolfHitler1934:
Good development....but very unfortunate that innocent lives have to go so that there would be peace.

Kill them all. Anyone who doesn't want this world to know peace all in the name of religion should be taken out. Trump is the very man fit for this job.

God bless America.

Exactly! It doesn't really matter that 60 innocent lives were MURDERED - so long as they're not American...
Hope you will have the same 'collateral damage' approach if the Nigerian Army kills an innocent member of your family in pursuit of "terrorists"! SMH
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googi:
This is the last time I am going to respond to one of these cramming mis-educated Africans that lacks the ability to apply what they learn from Arabs and Europeans.

How much has foreign investments brought into Nigeria in 100 years?

If you know what they taught you and digest it well, you would have realized that the ONLY foreign investment is from Africa to Europe, America and Asia.

If you know the meaning of money laundering, you would have realized it is another foreign investment that went one way from Africa to Europe, America and Asia.

Note well, foreign investment has never made its way to Africa. Think and reflect on the meaning they teach you and how the face of poverty has moved from Asia to Africa.

You will never learn from history until you get old, I pray, and retire into your grave. All the free labor went one way, all the gold and diamond went one way. The cobalt and uranium are going one way.

Since you worship pretty worthless printed papers that was backed by gold from your Continent as promissory notes, you will never realize your folly.

Look, by the time they finished Dangote in their investment world which is rigged for their privilege class, he would lose every penny he made in Africa.

Oponu, Ndi Ara, Barawo!

You can rant all you want about Mansa Musa and Co...
But you cannot change the meaning of "money laundering" to suit your primordial conspiracy theories! SMH
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Babatoxx:
Thank you Fashola for this project and Governor Sanwo Olu for the continuity, shame on that wicked Ambode for abandoning it for 4 years.

Fashola built the initial 256 units (“Fashola Estate”) already commissioned/occupied...
The current 360 units that is being commissioned now was built by the Ambode government.
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larry90500:
The one in Igando was commissioned sometimes last year, but remains unoccupied till now.

Or is there something I'm missing? Maybe someone could enlighten me better.

Was a “political” commissioning...
Sewage and water connections were still ongoing.
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Babatoxx:
Thank you Fashola for this project and Governor Sanwo Olu for the continuity, shame on that wicked Ambode for abandoning it for 4 years.

obajoey:
Fashola estate wey ambode no gree finish

You mean HOMS estates undertaken by Ambode that is being completed by the Pointing Governor...

Ambode left office with over 3000 HOMS units in 6 estates completed, except for sewage and water connections...
Igbogbo (360 units), Igando (492), Amuwo-Odofin (84), Egan (630), Sangotedo (1118), and Odo Onosa in Epe (660).

Abegi, let’s give credit where due...
Hoping (for our sakes) that BSO will eventually come good, but governance is more than just posing for pictures.
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bigmoney88:
A teenage girl who was addicted to social media ended her life after she failed to get enough “likes” on her photos.

Chloe Davison, 19, was an aspiring model who relied on social media to feel good about herself, according to her older sister Jade.

“She thought she wasn’t good enough unless she was getting loads of likes and comments,” her 20-year-old sister said.

The selfie-loving teen hanged herself in her bedroom moments after she had been active on social media.

After the girl started using social media several year ago, “all she would talk about was how many likes she got,” her mum Clair Reynolds, 44, said.

“She was addicted to apps like Instagram and Snapchat,” said family friend Nick Coombs, 55, who had known Chloe since she was young.

“She would spend hours taking the perfect photo, but would delete it later if it didn’t get popular enough,” Coombs added.

Chloe struggled socially at school and rarely went out with friends, instead staying indoors and taking pictures of herself for social media.

The pretty 19-year-old was often targeted by online trolls who would send her nasty messages and mocked her appearance.

“Chloe was crying many nights because someone had said something horrible about her online,” her older sister Jade Davison told the news.

On Friday night, Chloe’s mum and sister returned home from a bar around 11:30pm, and found the teenager hanging in her bedroom.

Chloe had been taking selfies moments before she killed herself, according to Nick Coombs, 55, who was at the house when the brunette was found dead.

“When we took her body down, her hair and makeup were still perfect,” Coombs said. “She was wearing some new lingerie that she’d been excited to model.”

The girl’s mum, Clair Reynolds, said she blamed social media for what happened. “Social media took over Chloe’s life, whether that be Snapchat or Facebook.”

She added: “Chloe was beautiful, but she didn’t see that. She cared too much about how other people saw her.”

Coombs said that too many people felt they could say whatever they wanted to the attractive teen because it wasn't face-to-face.

“She’d get hundreds of messages each day, mostly men asking her for sexual stuff,” Coombs said. “Sometimes they were nice, but other times they told Chloe they wanted to hurt her.”

Both adults agreed that the girl had low self-esteem and relied on social media for reassurance.

The 19-year-old had thousands of social media followers when she killed herself.

Sources:
https://www.thesun.co.uk/news/10705211/social-media-obsessed-death-durham-sister-tribute

See below photos of Chloe Davison.

RIP to the poor girl...
But the highlighted was a really DUMB statement by the parent.
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sharone21:
Yes, I know of ZAKAT. The Bible says, as long as the earth remaineth, seed time and harvest time shall never cease. Nobody reaps what he never sowed. That is why ANYBODY that obeys this sowing principles, reaps also....This is why some Christians keep mute when certain 'tragedies' happen to other Christians, because they don't know the level of relationship or love relationship they have with God.

My issue was with the “good” characterization (which appears irrelevant)...
Given that Companies and Businesses in most Muslim nations are required to pay Zakat.
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alizma:
And suddenly you think government policy have no impact on stock market activities or do we now have another president under which the stock market is doing well? You guys are so crude when it comes to economic issues. Unfortunately you just say something without thinking of how much it expose your ignorance. Anyway, it is said that one can't give what he doesn't have, you don't know the link between them hence your statement, perhaps you know but your hatred for Buhari has blind fold you so much that a business man in a country and the country's stock market can't be talking about their success or failure without acknowledging the role that government policy played. Therefore if Dangote's downward ranking is solely attributed to Buhari's policies, the same should apply to the success recorded by the stock market because non of them can be discussed in isolation of government economic and political policies.

Even though my initial comment was specifically limited...
If you seek an expansive discourse, would be glad to ENLIGHTEN you.

Of course, government policy may have SOME impact on stock market activities but that neither equates to stock market activities being determined by governmental action or policy (as you apparently misapprehend and thus infer on these pages) nor is governmental policy the only or even the most determinative factor in stock market activities.

There are myriad other factors OUTSIDE OF NIGERIA and the purview (or control) of the Nigerian government that impacts DIRECTLY on the Nigerian stock market activities. For instance, if the US Federal Reserve decides to raise interest rates, a lot of the foreign portfolio investment in Nigeria (so-called “hot money”) that control the MAJORITY of Nigerian stock holdings will quickly exit the Nigerian bourse to US instruments. Similarly, any movement in global oil prices and market, which is outside the purview and control of the Buhari government (such as the that caused by the most recent US-Iran flare-up) DIRECTLY affects oil and gas stocks in the a Nigerian market, as well as more generally the perception of the health of the Nigerian economy and Nigerian stocks, given the importance of oil to Nigeria’s economic health.

The NSE ended the year 2019 as the SECOND-WORST performing stock market (out of all tracked markets) GLOBALLY. What exactly has Buhari done in the 10 days of 2020 that you believe has single-handedly changed the trajectory of the market?
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PeterUdeme:
Stop saying what you don’t know because of the hatred in you as an Igbo man. HiTV could not break even because they had little patronage unlike dstv that has been here for a long time. They made a loss as a new comer as most businesses often don’t make profits in early stages.

Actually, when it initially won the EPL rights...
Hi-TV ended up with MORE subscribers than DSTV.

The problem was that it could not sustain it, because it had very little else to offer to attract/keep viewers...
Outside of mostly weekend football, household subscribers needed other offerings and the best ones remained on DSTV.

Nigerian men quickly came to discover that many wives and kids were NOT interested in football...
Unless they could buy both DSTV and HiTV decoders, they shall know no peace at home from Big Brother and Kardashian addicts!
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AshipaEk0:
Reading and Comprehension are two different things.

What the article says is that anyone with rights must share by selling to other broadcasters.

So the person with Premier League must sell to the other person with champions league and vice versa, as long as they can agree on price.

The very thing you are complaining about is what they are trying to solve.

Whether it will work, or other broadcasters will be able to afford the fees is another thing entirely

This is a primary reason that a huge market as Nigeria struggles and/or fails to attract significant foreign investment (outside of oil and gas, which in itself is also in stagnation and even relative decline, as we faff about with the PIB legislation for over a decade). Rational foreign investors have little or no confidence in policy or regulatory stability (or even in the transparency of the regulatory process) to make the sort of long-term investment decision that is requisite for foreign direct investment (as opposed to “hot money” portfolio investments).
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AshipaEk0:
Reading and Comprehension are two different things.

What the article says is that anyone with rights must share by selling to other broadcasters.

So the person with Premier League must sell to the other person with champions league and vice versa, as long as they can agree on price.

The very thing you are complaining about is what they are trying to solve.

Whether it will work, or other broadcasters will be able to afford the fees is another thing entirely

Why should they sell to their competitors? And why only sports?
The clueless FG (like most Nigerian males) think of EPL football as a RIGHT!

Meanwhile, the NPFL and other local leagues are not even covered by NTA...
Since DSTV stopped covering the Nigerian league, why hasn’t those competitors snapped it up?
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googi:
Honestly, if this is not embarrassing it should make you cry.

You are comparing Bill Gates charity and offices to spread his wealth; to Dangote money laundering!

In the first place Microsoft makes money in Nigeria, Dangote does not make money in America.

But the same Africans that celebrate mirrors for gold, that praised Mansa Musa and Queen of Sheba in their time for laundering gold are the same Africans that defended Structural Adjustment and Devaluations.

Many of you need brain transplant since you are far gone with colo-mentality.

Did you know that Dr. Harold Shodipo, Fela and many Nigerians trying to pay school fees for their children were jailed for money laundering?

But how can I blame you when it is now legal and even Buhari now pays his children school fees and his medical bills from money looted from Nigeria legally.

Not when Microsoft (or any other foreign investor) initially chose to invest in Nigeria...
Nonetheless, if Dangote sets up a investment office abroad, by definition he will be making money abroad.

As for the unsolicited History rehash, thanks but largely irrelevant....
Except of course to reaffirm that you apparently do not understand the meaning of money laundering.
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Christmasdon:
. You mean Asin scrambled channel compared to Dstv cloudy weather disrupt.

Nope! I mean as in FAILED TRANSMISSION, in the Plain English meaning of the term...

Cable TV as a line of sight service requires installation transmission facility in every city where services are offered, but Hi-TV instead sort to rely on a single satellite connection (Eutelsat W4, in its case) to spot-beam coverage throughout Nigeria. When transmission issues arose, it simply did not have the requisite technical manpower across the country to timely and/or adequately address same.
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Backward ZOO!
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Christmasdon:
Abeg bring back our HiSoccer English Barclays Premier League. For sure the indomie generation won't know this.

Hi-TV had the WORST coverage of EPL games ever (multiple times with failed transmission)...
Meanwhile, the owner was busy chartering yachts and ferrying women around Cannes. Dude still owes AMCON!
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CLUELESS GOVERNMENT...

Pretty soon, Nigerians will be traveling to Cotonou or Accra just to watch EPL games!
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GeoAfrikana:
Now you're redressing your argument. Here's how you started:

Note the emboldened.

And note the sentence after it...
Unless you are engaged in intellectual dishonesty, you should know both sentences are interdependent.

Any well-educated can SPOT opportunities...
Whether or not they have the desire, propensity or capacity to turn that into entrepreneurship is a different matter.
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GeoAfrikana:
Who said all educated person's should be entrepreneurs? You said a well educated person can become an entrepreneur. And I'm telling you that education doesn't make one an entrepreneur.

Neither said “every” well-educated persons....
Nor said education makes one an entrepreneur.

Perhaps, there is a bigger ‘education’ issue here.
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GeoAfrikana:
It's one thing to be educated, it's another thing to recognize opportunities and it's another thing entirely to know how to ethically convert opportunities to money.

Education isn't white kryptonite! Else, all havard graduates would have been great entrepreneurs.

Entrepreneurship isn't for everyone.

NOTHING is for everyone...
Except perhaps breathing and eating (and even then some are machine-aided).

Nonetheless, the more properly-educated persons a society produces...
The more they are able to spot gaps and opportunities, and/or turn challenges to jobs.

Such persons are also better able to take advantage of entrepreneurship support systems...
It is not just happenstance (or “luck”) that entrepreneurship thrives in well-educated societies.
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GeoAfrikana:
It's one thing to be educated, it's another thing to recognize opportunities and it's another thing entirely to know how to ethically convert opportunities to money.

Education isn't white kryptonite! Else, all havard graduates would have been great entrepreneurs.

Entrepreneurship isn't for everyone.

Some of you keep regurgitating this Strawman’s Argument...
Never said all educated persons should (or even want to) be entrepreneurs.

PS: And FYI, NOT every Harvard graduate is a good graduate.
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Coldie:
Good graduates should be able to create jobs, and good graduate should not an employer is there a difference.

Creation of jobs sometimes is not the problem funds is the problem

If you give “funds” to the incompetent...
You might as well flush it down the toilet.
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