₦airaland Forum

steppins:
The foolish Peter should know that when he's broke, Lola would leave him.
The two brothers can't stand alone. During their short separation last time, they couldn't release any meaningful song.
They were being featured by some artistes who needed the attention their controversy was bringing in.
They should cut down their spending cos hard times are ahead.

CROWNWEALTH019:
Woman take your time

Divay22:
The fear of karma doesn't even make me think about it...
I can do other bad stuffs,but a married man his a no-go area for me..

BiafranBushBoy:
Is it not father Edeh again?

No be my Alma Matter? ?? They did worse to us as students, Talk less of a common worker!!

Father Edeh...!!!! I will still be back for you

Stupid school

PrecisionFx:
Pls answer the question n leave matter for mathias.

PrecisionFx:
Don't join in with it own Epistle, just explain this :

pls explain how he will fund 2 cheap meals a day, monthly transport n monthly house rent for 2 of them with 35k.

7Alexander:
God bless you for this, I'm from Nnewi in Anambra, which isn't even a village. But one of my kinsmen just finished a 4bedroom apartment, 3 of the rooms are ensuite. Yes, he didn't have to buy land, as he inherited one.

Do you know his job? Okada plus other menial jobs. Another interesting fact is that it took him a little over one year to complete this building, in fact they moved in this February. I went home last week only to see that he have added two blocks of shop in front of the building.

City dwellers do not really understand that cost of living isn't same everywhere

mrblessed:
Closed. Bad market. Since you claim to be in the US, why not seek your so-called professionals who are Nigerians there. Thanks.

Tapout:
Not necessarily something like these, but atlest close to....

Obi1kenobi:
Pointing out monopolistic practises is not an accusation against Dangote. It's more an indictment of the Federal Government. You also seem to have an extreme view of what monopoly is. I'm no economist but I'd hazard a guess what we were taught in our secondary school textbooks is the simplistic definition. It doesn't just mean a singular party totally controlling the market, but a dominant player who uses predatory practises and uses their considerable leverage to erect barriers to competitors. You can study the legal case of the US government against Microsoft in '98 where Microsoft, whose Windows operating systems powered 9 in 10 PCs in the world, was accused of monopolistic, exploitative practices. This hardly means Microsoft were the only software vendor in the whole of the USA.

Dangote's refinery project in sheer scale would certainly eclipse all the competition: probably all the competition combined. This gives him a lot of leverage if he chooses to be exploitative. If he chooses to sell refined fuel at 150 naira per litre, there would be no credible competition with sufficient output and supply across the nation to force him to crash his price.

Obi1kenobi:
I think his refinery is a brilliant vision if it doesn't become another instrument of exploitation like we saw with cement. Cement price more than doubled after the import ban and despite the massive profits of the cement cartel, they've done nothing significant to crash the price. Our local cement is one of the most expensive in the world. Dangote's refinery project has been making the same kind of noise about how price will come down, but considering the monopoly he will have (his refinery will single-handedly cover Nigerian demand and we'll become a net exporter of refined crude), he'll be able to dictate market price and continue earning his massive profits with government compliance. Just read this funny article and the understandable fears:
http://newsrescue.com/dangote-refinery-nigerians-will-pay-double-for-petroleum/

Obi1kenobi:
Read this article on Dangote:
http://saharareporters.com/2016/03/25/dangote-paradox-moses-e-ochonu

I respect his acumen as a businessman, but we don't have to pretend Dangote is some kind of Warren Buffett or Larry Ellison. He's more like Nigeria's Abramovich: an oligarch primarily empowered by a crony-capitalist government rather than his enterprise and vision. The Cement industry (which accounts for almost 80% of his turnover) in particular is where the government wrecked Dangote's competitors to facilitate his rapid ascent: especially under Obasanjo.

He's also incredibly ruthless and his impact on the cement consumer market has made the notion of local content in cement production worthless. We might as well be importing cement at cheaper rates if we're going to get ripped off by Dangote and his cartel. Is it any wonder that his cement company made a ridiculous 201b naira profit from a company revenue of 386b in 2013 for example. Yet, prices have remained high, depressing the construction industry. Which government regulatory framework could possibly stop a man who is well entrenched in the corridors of power?

freshest4live:
Thank you Jarry, most Nigerian Billionaires don't think out of the box, maybe due to the quick oil money available.

freshest4live:
What they fail to ask themselves is this... if Dangote have only been successful via monopoly then why did he fail with noodles in Nigeria, and why does he fear the telecommunication sector because he has little knowledge of it compared to other top players

freshest4live:
Those wailers would never stop, Dangote is also successful in about 18 African countries and is the biggest business conglomerate in AFRICA, can MONOPOLY alone take one that far

Ijaya123:
Same way he used northern connections to bend policies of other African countries he has investments in? I sense jealousy and hatred as the foundation of your grudges. Unfortunately, no one can help you here.

stillseth:
you've said it all brother...and he had a very strong government backing/connection so they monopolized everything for him...majorly the cement sector...dangote controls cement price

ChelseaDr:
With due respect Sir, this is not correct.

eyinjuege:
There's a reason we have rhogam injections for rhesus negative women.
Whether after a first miscarriage/abortion, bleeding while pregnant/ or even after delivery, you give rhogam.
In this day and age, the emphasis shouldn't be on rhesus affecting the choice of a life partner, but on letting all rh negative women know about the ehogam injections and when to have it
Firstly, everyone has to know their blood group.

logica:
Aha. And even you are "thinking like a Nigerian", my friend. Surely, subscribing to GoTV does not necessarily mean you are broke. Not everybody is fond of throwing money away.

The irony of it all was the fact that the troll was the oversabi, but typical of an oversabi accuses others of his malady.

pressplay411:
Lol yea he played the rich man card and got the streetz treatment.

LastMumu:
How did Frank fire the first shot? The troll started it by calling Frank an oversabi. Of course Frank is a celebrity so it's easy for you guys to ignore the first diss.

logica:
What does "Nigerians are their oversabi" mean to you? I guess it is a compliment.