₦airaland Forum

The most senseless comment from a sitting president.

My conscience will never allow me vote for Tinubu as long as I still remember this statement of his.

What do they have to offer ECOWAS? If they are bringing nothing to the table they remain expelled until democracy is restored in their various countries.

I guess the man did not hire a good lawyer because I don't think I need anybody's permission to record what is happening in my personal apartment.

An evil doer commit evil right in my private apartment and you expect me to get his/her permission before I can record the evil act as evidence? Something must be wrong with the modern-day legal system.

This is supposed to be hate speech. Is hate speech not a crime in Nigeria?

Instead of dialing some strange code I just go the NCC approved handset portal below; enter the make of my phone and the system just displayed it along with the phone's model number which means my handset is approved!

https://www.ncc.gov.ng/page/approved-handsets

There can only be one living goat at a time sir. It is scientifically, mathematically and metaphysically impossible for two goats to exist at the same time.

ogolemati:
the goat appreciating goat

What is this? Even Deeper Life choir ministration is more lively than this nonsense 'performance'.

This your question can best be answered with a question:

What do you think you would benefit if Nigeria gets completely drowned in debt and the government becomes so broke that they could not even pay workers salaries both at the federal and state level not to talk of having money to carry out any developmental projects all because almost 100% of the money federal government earns goes into fuel subsidy?

Think.

wasi9ice:
This may sound out of context but let me ask,
In which way is the removal of fuell subsidy benefiting me as an ordinary Nigerian?

This is racism in disguise, why is number 2 the only one that is white?

What do they want to do with money at that age? I believe their parents failed in their responsibilities.

1) They were not trained to be contented with what they have

2) they were not made to understand that money follows value. That the money that brings joy and blessing is the money you make by adding value to people's life and solving people's problems.

3) And lastly they were not taught that money ritual is a scam. Killing your fellow human being who did you no wrong is evil and illegal.

The parents failed woefully.

This is idi*tic reasoning. Zero logic.

dmexy33:
I have been a broker, a financial adviser and a Financial technology expert for more than a decade, I was very disappointed to see everyone buying DANGOTE REFINERY IPO and nobody, not even one expert in the field spoke on the implications of owning a share in the IPO.

DANGOTE has read the handwriting on the wall so the decided to go public with his refinery IPO. Now let's look at the reality on ground:

1. Why is DANGOTE going public with the IPO?
I know it is hard to believe but you must understand that after the second world War and the formation of OPEC, The global CRUDE OIL supply became an international product i.e the price of a barrel of crude oil in Saudi or Iran or Venezuela will be the same with the Price of a Barrel of CRUDE OIL in Nigeria. Sometimes there are slight differentials in price but the difference is never more or less above or below $20. So with the war raging in the middle east and has driven the price of CRUDE OIL to over $120/barrel, Fuel at the pump has become more expensive and the war will not stop anytime soon and there is a possibility that we will experience an energy crisis due to fuel being very expensive and unaffordable. There is a possibility that a barrel of CRUDE OIL will hit $500/barrel in 3-4yrs. This is part of the process of phrasing out fossil fuel i.e petrol from being used globally like was done in China and being implemented in the UK. So DANGOTE has read the handwriting on the wall and decided to sell the Petrol refinery to the Nigeria people who ignorantly and blindly rushed it without thinking. Olodo uprising indeed.

2. Will you make profit from the buying into the DANGOTE IPO?
Yes, of course you will. But this is how it will happen; Due to exchange rate differentials, since the war in the middle east and Ukraine_Russia isn't ending anytime soon, it is projected that oil price will continue to go up hence, as oil prices skyrocket and the price of refined oil i.e Fuel at the pumps also continues to rise, you can expect you shares in DANGOTE REFINERY to continue to go up. Basically, as DANGOTE REFINERY SHARES PRICE goes up, cost of living for NIGERIANS WILL GO UP.

3. I see all these content creators and even other Nigerians talking about how they are monitoring DANGOTE trucks and calling DANGOTE, etc
All I have to say is that 99% of Nigerians are olodos. Go and read the agreement, find out what kind of share holder you are and stop disgracing yourselves. When you buy shares in the Dangote Refinery IPO, you become a part-owner of the company, but your role is strictly hands-off. You have no say in the day to day running of the company. #olodouprising.

mrvitalis:
115 billion dollars?

That’s embarrassing

Well, 'embarrasing' enough to make the Nigeria’s stock market emerged as the world’s best-performing equity market in dollar terms this year, overtaking South Korea according to Bloomberg data.

I am looking forward to seeing the day NGX will overtake South African Stock Exchange as the biggest stock exchange in Africa. It will happen in my lifetime. We have the potential and all it takes to get there.

My friend, Donald Trump would say 'May Allah be praised' whenever he is high on colos or smoke ikpo.

Soludo has succeeded in burying Peter Obi's political career permanently. I said somewhere yesterday that I have not yet made up my mind on who I will vote for. After reading this post from Anambra State government I now know who I WILL NOT vote for. Peter Obi doesn't seems to be reliable.

It's only in the area of security that Tinubu's government seems handicapped and clueless. When it comes to economy don't let anybody deceive, Tinubu as done well. He has layed real solid foundations for the economy to thrive. I don't think any other person could have done a better job in that area. I know some of you will argue that things have become more expensive and people are suffering. Yes you are right. But the high cost of living we are experiencing is only a reflection of the true value of the Naira as a result of the Naira floating. I am sure things will improve if we start by improving our selves individually.

Mind you I am not Tinubu's fan. I didn't vote for him in the last election and I have not made up my mind on who I will vote for
in the forthcoming election. I am not writing this to encourage anybody to vote f
or him. It's okay if you don't like Tinubu but I just like being real and say things as it is.

The only education you need here is that stock market investment, especially IPO is for people who have excess money they don't mind losing. If the money you want to invest is the money that when you lose it you will start contemplating suicide, the IPO is not for you. The money you struggled to save for house rent or your children's education or for emergency is not what you should use to invest. The rule is: only invest what you can afford to lose.

Some of us investing in Dangote Refinery do so to encourage Dangote because we like what he is doing. We are not really after the profit or dividend.

faceland:
Let someone educate us on this thing na... I thought Nairaland would be leading everyone discussing the IPO.

I sincerely don't know if it's safe or a cash-grab.

Bros @ Seun how far na?

Blame your government for not being able to build and maintain a functional, government-owned refinery. You don't expect a private citizen to borrow billions of US dollars to build a refinery and use it to do charity.

Considering what is going on in the middle east you don't seem to know Nigerian situation in terms of fuel scarcity and high cost would have been far worse if not for Dangote Refinery.

christejames:
How does it concern the Okada riders and bus drivers passing the bulk of expensive fuel to the untold passengers?

Auntie forget about all this sermon. If you are realistic you would see that she can't win a presidential election in Nigeria. No Northern Muslim will even reason her matter. Majority of Christians in the North won't vote for her either. In the south no sensible person who means well for the country would vote for her. It's about her personality not the fact that she is a woman or young person.

Scholarforlife:
Reading most of the comments on this post wants to make me puke! Especially, considering the fact that most you are young people and the lady in question is also a youth.
See the way you are all vilifying the young lawmaker and a former Deputy Speaker, at 31 years, just because she unveiled her ambition. What's her crime? Being a woman? Being a youth or being married?
Can anyone tell me the age of the current Nigerian President when he developed an ambition to become what he is today? As at the time he joined politics in the 80s, what was his political experience and how old was he? If he had revealed his ambition then who would have believed him? Especially, considering the likes of MKO, Atiku and the then political stalwarts.
On what grounds are you writing her off. Background, age, experience or performance? What power do you have to determine the future of another person? Are you God? Do you know the power of ambition? If you can't encourage, at least, don't discourage. Did she tell you she's contesting for that of 2027? Nothing is absolute in life. Nobody can predict what the political atmosphere of Nigeria will look like in a decade from now.
Never join anyone to write off an ambitious person. It's dangerous!

LoL. You don't realise she is the real husband of the house, right? She would rather drag and force Tuface to wash the dishes instead of her washing them

CaseSensitive:
Better get back in the kitchen - those dishes won't wash themselves.

The people complaining about the screen of Samsung phone I guess it's fake fairly used 'Samsung' phone they bought.

The Samsung phone I have been using for some years now has fallen uncountable numbers of time yet no single scratch on the screen. The screen is stronger than stone. I don't understand all this noise about screen issue.

Yahoo boy jam yahoo boy.

the so-called black American 'woman' is likely one Edo guy somewhere in Benin city using AI to generate fake picture and video to chat with him

Wrong information there. Dangote is not controlling upto 95% of the shares. Remember, NNPC controls about 7.25%, about 6% of the shares went to the investors under private placement, after the IPO Dangote will likely control about 83 or 84% of the company. But hey, he is the one who took the risk and went through the stress of building that refinery so he deserve to be the highest shareholder at least for now.

mrvitalis:
With 95% share control dangote can keep profit so minimal you get nothing as dividend

You can’t change the board because he has 95% of votes

I want to believe you know about an oil/energy company called Seplat. The value of their share at IPO was N576 and that was April 2014. Today just one Seplat's share is worth over 13k. And Seplat was not even as promising as Dangote Refinery whose IPO share price is N525.

Just dey play, this Dangote Refinery shares go hot pass bitcoin when bitcoin was hot!

mrvitalis:
Only a fool will buy a $18 billion refinery now valued at $47 billion

Makes no sense

1) most refinery trade at 0.5 to 1.2 book value
Dangote is asking for 2.3 to 2.4

2) I’m never buying a company shares where the owner still controls 95%
Nah they just want gullible pawns not investors

With such low liquidity dangote can flood the market and rebuy the shares for pennies

Would you buy a crypto coin where one wallet owns 95% ?

I see this Dangote Refinery bringing to its investors the kind of prosperity that will even surpass what bitcoin did. Don't say I didn't tell you!

The present Auditor-general of the Federation and his team of auditors seems to be the best we have ever had. The man has been doing a great job.

ICPC can take over from there. Auditor-general has made their job easier.

So, the soap and Fanta rituals Portable has been doing has not been working for him. He needs to go and collect his money back from the babalawo he has been patronising. How much is N500m that he is screaming like that?

Btw, I think that Zlatan guy is not wise for exposing himself that way in a country where majority of the citizen are suffering from severe poverty. Hope he is ready to explain to authorities how he made all that money since he has decided to be a fool.

Hmmm! Somebody is thinking! I just like thinkers. People who use their brain to think of solutions to problems and the best way to do things.

We need more people like this man in the presidential race. Anybody who is capable of moving Nigeria forward is what we need irrespective of tribe, religion or sex. God bless Nigeria.

Do you know that if you had bought Wema Bank shares with just 200k in the year 2020 that 200k would have been worth over 2 million now? There is money to be made in the stock market. All you need is patience and a promising, well-managed company to invest in.

Gbogboski:
Mostly from insider abuse and privileged investors

Can somebody advise Iran to humble themselves. From the way things are going, the more they try to flex their muscles the more they give the US justification to deal with them so much that I doubt they will ever be able to rise again. In this life, you have to know who is your mate and who is not and behave accordingly. Who don pass you don pass you.

Some of his ideas are sound but most are impractical especially in our environment. I personally don't like the man's type of mentality.

So, how will the wife prove she did not give her concern?

Is she a virgin? Just asking for a friend.