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Bigx's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by bigx(m): 10:34pm On Jul 20, 2014
lazinc: Guys guys be serious, this is no joke section please. Men are strategising on how to take positions for the week you all here modelling for close-up. smiley
Frowning abi serious face na sign of poverty o!
There is joy in wealth and Green portfolio's hence the grin

Make I go p.m dem wetin dem de buy grin
BusinessRe: Why Failure To Pay Your Annual Returns Could Land You In Hot Soup With CAC by bigx(m): 10:02pm On Jul 20, 2014
nairaxchan: some company secretaries charge as much as 2.5million, standard is 500k, but got mine for 300k because of the relationship,

it is a yearly fee, and he/she takes care of all legal matters in respect of your company, he/she ensures you do not fall foul of the law and you are protected legally in all your dealings
Thanks a lot, I think I would go for that, I've registered a couple of companies in the past few years for different purposes and I need to get all their documentation in order
InvestmentRe: 30 Businesses That Can Make You A Billionaire by bigx(m):
sseunth: i have gone through the post but he stopped when things are getting interesting. Are you part of the people he helped or better still can you help me from where he stopped
What he put up there is more than enough, to start a business you need to be a self starter,
Take that and move from there, do what's suggested, grow relationships and network with good brains in school with you, lecturers and co, they could all work with you or give you connects later.

No he didn't help me but I cant type long stories so I just searched and brought it up,


sseunth: pls if u dnt mind....all my questions wud be directed to u....now on that article, he was like oil servicing or so.....the article was on distrubuting oil and it fractionals n how to apply frm the companies like texaco, shell etc....am i right?....pls help me out
Don't want to derail OP's post so I'm replying here,
He talked of selling refined oil, petroleum, diesel and lubricants, you can do that by getting in touch with filling stations and organisations who need it and getting suppliers who have it for sale and making the difference as profits (I'm not into that so can't say much on it but I know a couple people who do it)
Applying to companies you talked about is if you have services or consumables to supply to them, fabrication, construction, consultancy, etc


@akaystum pls create space with placeholders (maybe fullstops) so your next posts come sequentially
InvestmentRe: 30 Businesses That Can Make You A Billionaire by bigx(m): 8:53pm On Jul 20, 2014
sseunth: thanks bro...i am studyn industrial chemistry...n i am nt wishin to work under anybody
Welcome to the club, Registered my first company during I.T years back, and I.T was the last job I had,
Graduated Pet. Engineering
Start doing the groundwork now, if possible start the company now sef,
There's nothing to it, I was scared then but in hindsight, I should have started earlier
InvestmentRe: 30 Businesses That Can Make You A Billionaire by bigx(m): 8:41pm On Jul 20, 2014
sseunth: ok...tell me more about it...what needs to be done...what i mst have to start ....etc
I just searched this thread, should get you started
https://www.nairaland.com/1167703/how-startup-oil-servicing-company-nigeria#13936650
AdvertsRe: You Can Register Your Own Limited Company Under Fifty Thousand Naira by bigx(m): 7:14pm On Jul 20, 2014
You mean we can register a Ltd ourselves?
I was in CAC Port Harcourt to register a Ltd early June and was told I cannot do it myself,
Please when did this start?

Barristerlaw: Anybody who is interested in registering his own company may so do by following the instruction herein provided. Attached to the instruction is a draft copy Memorandum and Article of Association.you can just adapt it to indicate the names and shareholding of the shareholders
The requirements for registering your company without much ado are hereunder explained:
Go to any Corporate Affairs Commission that is close to you and follow the following instruction:
1. Buy Reservation and availability form (N 500.00 only).In the form,there are two columns for your suggested compny's names out of which one will be approved.After duly completion of the form,you then submit it for approval.The confirmation will be forwarded to your e-mail address and it will be reserved for 60 days.
2.After the approval of your name,you will have to purchase and fill a complete set of incorporation forms which consists of:
a.Form CAC 7 which contains particulars of persons who are first Directors of the company(minimum of two directors)
b. Two Form Cac 2 which contains details concerning Statetement of share capital and return of allotment.
c. Form Cac 2.1 which is the particulars of person who is the company secretary.
d. Form Cac 3 which is the situation of Registered Address.
e. Form Cac 4 which is Affidavit of compliance with the requirement of CAMA.This will be deposed to before the Commissioner for oaths.
3. Duly stamped memorandum and article of association.
3. photocopy of information page of international passport,driver's licence or National Identity card of each director and subscriber.
When you submit your MEMART FOR STAMP DUTY you will pay N8,500.00and when you finally submit your memart and forms mentioned above for filing you will pay N19,000.00. This payment is a reference to One million naira Share Capital.For more equiries concerning registration of business names,companies, churches, clubs etc you can contact Kunle akinola & Co,5,Olarokun Street,Orile Agege Lagos,or 29a Olorunnimbe street,Wemabod Estate,Ikeja,Lagos or 08032493960 or lagoslawgurus@gmail.com
BusinessRe: Why Failure To Pay Your Annual Returns Could Land You In Hot Soup With CAC by bigx(m): 7:07pm On Jul 20, 2014
nairaxchan: what lawyer posted is thru,because i just went through all this wahala to rectify my company name.i got myself a company secretary, although pricey a little bit, it is worth it in the long run.
Whats the cost like?
InvestmentRe: 30 Businesses That Can Make You A Billionaire by bigx(m): 6:40pm On Jul 20, 2014
sseunth: well, i read it on a site....so can you help me out with the figure
What's the site?

Oil and Gas is vast so they might be talking of a specific niche,
You can get into the industry with as little as Your skills (and maybe a little cash for P.R, Company and DPR registration)
InvestmentRe: 30 Businesses That Can Make You A Billionaire by bigx(m): 6:12pm On Jul 20, 2014
sseunth: you need money. Atleast i know you mst have up to 50milliona for oil and gas
And who told you that? Or you're just throwing arbitrary figures to console yourself?
BusinessRe: List of Logistics Companies For use within Nigeria. by bigx(m): 1:17pm On Jul 20, 2014
Ablogistics and chibyke global nko?
BusinessRe: Why Failure To Pay Your Annual Returns Could Land You In Hot Soup With CAC by bigx(m): 11:13am On Jul 20, 2014
How much is due an enterprise registered in 2009 till date?
PropertiesRe: Accra’s Beachside Luxury Estate Where Nigerians Are Rushing To Buy Flats by bigx(m): 6:25am On Jul 20, 2014
Ashantiking: These Eba eaters also like good things. grin
And can afford them too smiley
InvestmentRe: So Much For Idle Funds On Nairaland by bigx(m):
People actually save money or have surplus money at different times.


I do a contract and after deducting personal and execution expenses I have a lot left in the bank, that's idle funds and no, it's not an inheritance or gift.

Or more familiar, I earn a million naira a month, expenses average out at 200k monthly. End of the year 9.6m is left in the bank..

That's idle too
Car TalkRe: Lexus Jeep RX300 (2000 Model) Or Toyota Corolla (2003 model Which One Is Better? by bigx(m): 7:31am On Jul 19, 2014
Solution12: just looking at the prestige that comes with it.
There's not one kobo of prestige in a corolla. I hate those things
FamilyRe: When Is One Ready To Get Married? A MUST-READ by bigx(m): 6:47am On Jul 17, 2014
Hmmmnnn
PhonesRe: The All New Blackberry Passport Smartphone by bigx(m): 5:39pm On Jul 16, 2014
Aitee1: If e like make e be OS 100 bb na bb it must have issues
OS 10 ne de hang.

Any manmade thing must have issues
PhonesRe: The All New Blackberry Passport Smartphone by bigx(m): 5:16pm On Jul 16, 2014
Aitee1: Say 'NO' to any phone with hanging syndrome undecided
You obviously don't use OS 10
Business To BusinessRe: IBL PROCUREMENT/LOGISTICS SERVICE (DOORSTEP/WAYBILL FROM LAGOS TO OTHER STATES). by bigx(m): 7:27am On Jul 16, 2014
Can you pick up from PH and send to Lagos?
Technology MarketRe: California(Los Angeles),pickup services..Online purchase..(Ebay/Amazon,walmart) by bigx(m): 6:47am On Jul 16, 2014
Technology MarketRe: California(Los Angeles),pickup services..Online purchase..(Ebay/Amazon,walmart) by bigx(m): 6:46am On Jul 16, 2014
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by bigx(m): 11:45am On Jul 14, 2014
Born2berich: I hope say dem no go delay my own like this oo.. I no fit shout.
I've not been following up sha, work full ground, una don remind me I go email them now.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by bigx(m): 11:31am On Jul 14, 2014
Born2berich: Am thinking of opening an account with morgan capital to enjoy this benefit as meritrade still dey slack on this area and brokerage fees wink. Morgan watch out B2Br is about to join the train smiley
I don submit all the documentation since sef,

But them never gree give me login yet seems as I insisted on old chn
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by bigx(m): 11:30am On Jul 14, 2014
bigass: 480million ke How?
0.25% commission of 480m go be 1.2m
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by bigx(m): 11:03am On Jul 14, 2014
Born2berich: Definitely, it isnt free.. You will have to pay about N1.2M for real time feeds and about N1M for Delayed real-time feeds. End of day feeds is N800K.

Wahala dey o.
So Morgan would need N480m in trades just to cover subscribing for the feeds?

Diaris......


Site looks good though
AdvertsRe: UPDATED..7days deliver Customized Wristbands For Campaign BALLOON by bigx(m): 7:50am On Jul 14, 2014
@dav8id What's the lead time from Payment to Delivery and can you deliver to Port Harcourt?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by bigx(m): 7:32am On Jul 14, 2014
All this SMN insults,

There is a difference, on SMN there are mostly long term investors, here we have mostly traders,

In a sustained bear market, People here would loose far more money than those on SMN because the stocks with fundamentals and reputation would be less affected than the flying stocks with no substance behind them,

I've seen a bit of all, this is my 8th year in the market.

There are stocks I bought 2006 that are still in profit, no matter what happened in 2008 and co,

The stocks where I lost money where all speculative plays.

I do a bit of both today,

I still have my long term portfolio I hardly sell fromm, I get dividends which I re-invest from that,


I have my trading portfolio with another broker, I've made some quick money with that but I usually transfer money from there to long term.

There's no point. Being sentimental and abusive here, it doesn't help with the way you guys are perceived here,

There is a big lot of wisdom on SMN, try and be open and listen to both sides of every story,

You'd be thankful when the bears come. You can't wish or pray or bind or forbid them away, they always come

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