₦airaland Forum

At least he made something (even though inflation has eroded the gains and even the capital).

Iamblessed8888:
True they havent.

Meanwhile, zedcrest is back to 100% YTD

How does Zedcrest compare to CardinalStone and other platforms like Blunest by Stanbic and Piggyvest investments?

Per SEC and NGX laws, the IPO is still opened until October 13, regardless if it is over-subscribed. So, no qualms on that front if you really want in to become Dangote's co-owner ASAP . (But there's also no harm in waiting for another 3-6 months to see how the stock performs).

Regarding Bamboo, get on their case, multiple phone calls and chats to get human support should be able to solve it within the week. And make sure you have your docs handy. If not, it will be a really long thing.

And a word of advice to anyone transacting with all these fintech apps: "do your security checks thoroughly and get the verified check BEFORE trying to use them to accept, receive or send money."

No matter the warnings, Ponzi schemes will keep selling because almost everyone is looking for easy money.

But there is always a catch. Don't wait around to be the one caught.

“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.” – Vince Lombardi

W. Clement Stone:

“Sales are contingent upon the attitude of the salesman, not the attitude of the prospect.”

This is a typical case of mudslinging.

No error found, not even a whiff of smoke, but very convenient to sow doubt and discord. I wonder if the writer is doing a piece like this to actual check every other candidate (including the President) for potential violation of the current financial laws.

Iran is not letting up. They are fighting on multiple fronts and doing all they can to preserve themselves. Even though the Saudis have been warring against the Iran-backed Houthis for more than a decade, it never escalated to this point. Until the re-emergence of 47.

Let the world take note that the current POTUS started this unprovoked attack on Iran, even though the combined US intelligence community strongly warned him that this could be part of the consequences of invading Iran. This geopolitical tension is totally avoidable.

And then we wonder why billionaires are building secure hi-tech luxury bunkers in undisclosed locations around the world...

There is nothing to see here. It's just pure mudslinging. A simple Google search with AI support will enlighten us on this issue:

The protracted salary dispute involving over 700 workers of the Anambra State Water Corporation spanning Peter Obi's tenure (2006–2014) resulted in an intense legal battle, structural dissolution, and eventual phased payouts by successive administrations.

The case unfolded and concluded across multiple stages:

1. The Legal Battle and Garnishee Order (2007–2014).

During Peter Obi's administration, the Amalgamated Union of Public Corporations initiated a lawsuit against the state government. The administration argued that the corporation was legally designed to be self-funding and revenue-generating, but had become moribund, failing to provide a viable turnaround blueprint despite multiple interventions. The workers contested this, taking the matter to court. In July 2014—shortly after Obi left office—the National Industrial Court sitting in Enugu ruled in favor of the workers. The court issued a garnishee order directing First Bank of Nigeria to release ₦1.5 billion from the Anambra State government’s accounts to clear the outstanding salary arrears and allowances accumulated by the corporation's staff.

2. Dissolution of the Corporation

To restructure utilities and manage the mounting fiscal liabilities, the state government—backed by the Anambra State House of Assembly—eventually legislated the Anambra State Water Corporation out of existence, rendering it a defunct entity. Critics and union reps alleged this move heavily impacted the immediate disbursement of full pensions and gratuities, forcing aging workers into prolonged hardship.

3. Subsequent Payoffs and the Soludo Settlement (2014–Present). The legacy liabilities from the Water Corporation case remained a point of friction through successive terms:

- The Obiano Administration: Following the 2014 court verdict, Governor Willie Obiano's administration began executing components of the court-ordered settlement, liquidating chunks of the ₦1.5 billion debt to verified workers to "heal old wounds".

- The Soludo Administration: The state government under Governor Chukwuma Soludo entered into final negotiated out-of-court settlements to fully retire the legacy liabilities. The state government confirmed that it structured the remaining debt into three installments, with the first two installments successfully paid out to the surviving workers and relatives of the deceased.

The case remains a central talking point in Nigerian politics. Peter Obi's team maintains that his administration successfully cleared over ₦35 billion in historical pensions and core state civil service arrears. They argue that the Water Corporation workers were treated separately due to the independent, non-performing nature of the moribund parastatal.

Conversely, the Anambra State government and former corporation spokespeople point to the National Industrial Court judgment as evidence that these liabilities were left behind to be cleared by Obi's successors

NOTE: The crisis was a legacy issue first born under the Mbadinuju administration (1999-2003). However, it became a massive legal battle because the Obi administration refused to absorb the liability, choosing instead to halt subventions to the moribund corporation. This strategy directly led to the multi-year accumulation of unpaid wages that successive governors eventually had to clear.

Sources:
https://guardian.ng/breakingnews/presidency-challenges-obi-over-anambra-debt-claims/
https://punchng.com/anambra-govt-disputes-obis-%E2%82%A62-13bn-ecological-fund-claim/

The ONLY way it can be confirmed that this administration is not in support of this undemocratic act is if the supposed thugs are publicly punished. That's how others will be discouraged from towing that line. Anything less and they are complicit.

Will that happen? Will this party redeem itself? Ball is in their court.

The US military relationship with Greenland predates this announcement by decades. Washington and Copenhagen signed a defence agreement in 1951. An agreement signed at Igaliku in 2004 amended and supplemented that framework.

This ☝️is all there is to know about this supposed deal.

He talks a big game, but they don't call him TACO for nothing.

The Anambra government has maintained that records from the Debt Management Office show that eight external loans were contracted during Obi’s tenure, with the outstanding balance at about 127.4 billion naira as of June 30, 2026.

Plenty talk. Show the proof. If the records are available, share it with the media and let them verify it independently. All this mudslinging is unnecessary.

The provisions to curb both the power of the President and the State Governors, before ego begins to fly and things become messy, is very essential. Hopefully the security situation improves dramatically across each state because of this law.

When workers, producers, marketers, and ordinary families are all raising the alarm, government must listen. If everybody who questions your policy is ignorant while only the President is presumed to be wise, then we have a leadership problem on our hands.

This part is how we should consistently tackle the government. And it does not matter if it's the person we want or not.

Once you get to the top seat of power, you answer to the people. And the people must not relent in calling out bad policies in a bid to have a better country.

The only way Nigerians will show they are tired of such hardship is to show up at the polls with a unified force and reject this administration.

Or better still, consistently demand improved dividends of democracy from this administration. Our inability to be unified in large numbers is what gives strength to the antics of the politicians. They continue to divide and conquer because it works.

Seems someone is trying to avoid backlash or maybe it's actually for the greater good...

Fully bought. No surprises.

Settled.

Mutual interests.

These Chinese folks are resilient. Happy to also see Nigerians go there and thrive

The necessary balance in this whole convo, but many will still not hear.

Nigerians wey like cruise.

I don't know how folks can confuse their lawful permanent residence as citizenship. The difference is very clear but not enough people seem to understand the law.

Y'all had time to fact-check those claims for more than 3 years, but you didn't. Because the election is around the corner, now is the convenient time to muddy the waters. Well done!

It's increasingly obvious that you're indeed obsessed with the man, maybe because he seems to gain lots of attention than your superior.

Does that suggest that the entire Northern traditional and religious leaders are not sufficient enough to curb the evil actions of a few, which has terrorized their communities all over, and even the nation at large?

Do they even need to be told what to do? For whatever reasons, they allowed this wound to fester and become what it is today.

Hope is not lost. They can roll up their sleeves and get to work.

(Or is it a possibility that they want this to continue?)

Lazy people will be hungry anywhere in the world, but when the government has enacted policies such that people's take home salary can no longer take them home, how does that mean they are lazy?

There are hardworking Nigerians. There are also lazy Nigerians. There are prudent Nigerians and there are also wasteful Nigerians. It's not wise making that kind of blanket statement.

Our elders can do better and encourage people to work, suggesting potential solutions, but also tell the government to do better, and even proffer specific solutions.

Definitely they are not expecting KJU to pay nada... But at least, it's symbolic.

The South seems to be making efforts to reconcile and help their Norther brothers, but leadership deficiency is giving those ones serious headache.

The audacity...

All this current US administration knows how to do is to bully others. SA should be able to determine their own internal policies and deal with the consequences.

The US won't allow themselves to be dictated to. Why should SA allow that either?

Nothing to see here. I don't see any solution being offered here.

Yes, previous administrations have mismanaged the subsidy regime and the entire word has become a contentious public policy issue but the reality remains that the removal of fuel subsidy (plus the floating of the naira) has grossly affected the lives of everyday Nigerians.

And worse, it does not look like the elites are cutting their coat as they are telling the masses. THAT is the real problem.

I think it's a good thing that Man U is out of the EFL. They don't have the squad depth and discipline to contend. They should focus their strength where it matters.

As long as DJT continues to make money hand over fist, nothing else matters to him. And it seems he's perfected that with his oil & gas stock trading coinciding with the Iran war.

And Israel, what a pity. If they continue like this, they will lose their privileged global status. Yes, they should protect themselves but there's no reason why they are fomenting trouble in that region. This news won't go down well with their neighbors in the gulf area.

This article was written 4 months ago. Why has this not changed in Nigeria?

As tensions between the US and Iran drive crude oil above $105 per barrel, eighteen countries across Africa, Europe, Asia and the Americas have introduced subsidies, tax cuts and price caps to shield households. Nigeria, however, has yet to announce any major relief measures.

On 28 February 2026, escalating tensions between the United States and Iran sent shockwaves through global oil markets, driving crude prices sharply higher and reigniting fears of inflation, rising transportation costs and wider economic instability across the world.

Brent crude, which traded around $77 per barrel at the early stages of heightened geopolitical tensions in the Middle East in mid-2025, has surged above $105 per barrel in recent weeks, with intraday spikes approaching $120 as fears intensified over possible disruptions to oil shipments through the Strait of Hormuz, one of the world’s most critical oil transit routes.

Three months later, the development has forced governments across Africa, Europe, Asia and the Americas to adopt emergency economic measures aimed at cushioning citizens from the ripple effects of rising energy costs.

From fuel subsidies and tax cuts to transport support schemes and electricity relief packages, countries are racing to prevent a full-scale cost-of-living crisis.

Below is a list of African and other countries that have implemented relief measures to shield households and businesses from escalating global fuel prices, which have persisted for the past three months.

In Africa: Kenya, South Africa, Namibia, Mozambique, Egypt, Morocco, and Tunisia

Across the other parts of the world: India, Indonesia, Malaysia, Thailand, Greece, Brazil, France, Germany, United Kingdom, AND including the United States.

However, despite being Africa’s largest oil producer, Nigeria has yet to announce any direct or major cushioning measures targeted at reducing the impact of rising global crude prices on citizens already battling inflation, high transport fares and soaring food prices.

The situation has raised concerns among economists, labour groups and energy analysts who warn that without intervention, the latest oil rally could worsen economic hardship for millions of Nigerians.

Nigeria’s Coordinating Minister of the Economy and Minister of Finance, Taiwo Oyedele, has said the Federal Government will not reintroduce subsidies or impose price controls, reaffirming its commitment to market-driven economic reforms.

Speaking at an event in Paris after an engagement with global investors on Tuesday, Oyedele stressed that the government’s priority is to avoid policies that distort the economy and to strengthen regulation to protect citizens.

“We will not bring back subsidies, and we will not introduce price controls because we believe in markets.

“At the same time, we will ensure that regulation is responsible so that no supplier, trader, or manufacturer takes advantage of the Nigerian people,” he assured.

Experts say the latest oil rally could worsen Nigeria’s inflation outlook in the coming months.

Higher diesel prices could raise manufacturing and logistics costs, while increased petrol prices may affect transportation and food supply chains nationwide.

Already, many Nigerians spend significant portions of their incomes on transportation and energy costs.

The National Bureau of Statistics had earlier reported elevated inflation figures driven largely by food prices, transportation and energy-related expenses.

Higher fuel costs triggered by global tensions have pushed Nigerian firms to raise selling prices to a 16-month high, even as overall business activity continued to expand in April, according to the latest Purchasing Managers’ Index report.

The report by Stanbic IBTC Bank and S&P Global indicated, “The pass-through of increased input costs to customers resulted in a further sharp rise in output prices, with the rate of inflation quickening to the fastest since December 2024,” highlighting how elevated fuel costs directly fed into higher prices charged by businesses.

https://punchng.com/18-countries-cushion-citizens-from-global-energy-crisis/

In a statement signed by Mallam Bolaji Abdullahi, the ADC National Publicity Secretary, the party said that with petrol now selling for as much as N1,470 per litre, every journey had become more expensive, while food and even basic education are being priced out the hands of citizens.

Whether we like it or not, fuel is a global commodity and largely influenced by geopolitics. The US-Iran dustup will continue to affect pump prices. That does not mean government should leave citizens to their fate. A responsible government should work out some temporary relief for the people.

A reform that continuously makes the people poorer is not working. An economic policy that produces impressive figures at government briefings but hunger in Nigerian homes is a failure. When parents must choose between feeding their children and educating them, the government has failed spectacularly in its most basic responsibility.”

And that makes this point very important.

Smart countries consistently ensure the effect of reformative policies does not lead to more hunger and poverty problems.

Really good move for his future.