₦airaland Forum

A friend of mine who works for Ernst & Young in London as a partner told me some financial institutions have already moved into Nigeria and they are buying into fundamental companies.An example he gave to me was Renaissance group at:http://www.renaissancegroup.com/regions/africa.asp who had wanted to poach some of them and move them to Nigeria.With the success of Renaissance group in Nigeria,I have been informed that right now his firm is packaging about 2 other financial instituations to go into Nigeria.His advise to me:"Make sure most of your money is in solid companies and invest for long term".This makes sense because in the next 2 years none of the solid companies (First Bank,UBA,Zenith Bank et al) will be less than 100 naira,plus the bonus stocks one would have received.Competition for these companies is becoming stiffer and the game has just started.Stock business is never short term,that is speculation.And nairaland has made that very attractive with people announcing 3000 percent gains in 3 months!!!!!

As I said in my earlier post,I have become an disciple of Wanajo.80 percent of my money will now go into solid stocks and long term.The rest 20 percent will remain for CICO.For as they say,that is the money I can afford to lose.

Are you thinking what I am thinking?

Japaul no be first bank,infact no be third bank sef

If Japaul do bonus of 1:1 and 1 naira profit all man no go dey work for Naija again.Na stock market tips on nairaland dem go dey sit down on top

Aktopgun
You be winch o as per ABC.
E b like IEI don come be like ACENINS pre reconstruction
E b like I go become student of WanajO,no more CICO for me maybe

The embattled Nigerian Telecommunications Limited (NITEL) has relocated its corporate Headquarters in Abuja.

Daily Trust gathered that the telecommunications com-pany could not renew its rent of N150 million per annum at its former head office at Herbert Macaulay Way, Central Business District, prompting the movement to Plot 72, Ahmadu Bello Way/Kura Mohammed Way Junction, Central Business District, Abuja.

The new location will also accommodate the headquarters of the company’s central zone and Abuja territory office.

NITEL had paid N450 million as rent for three years for the four-winged building in 2003 and was supposed to renew the rent in December, last year

A statement yesterday signed by the Deputy General Manager Corporate Communications of NITEL, Bala Ibrahim Abdulkadir, said that the relocation became necessary in view of the need for a more strategically located, purpose-built and more corporate building close to the clusters of other telecommunications operators and stakeholders.

Abdulkadir said it was also necessary to bring all major administrative offices of the company under one roof instead of being located in different parts of Abuja.

He said the relocation was expected to ease the transaction of businesses and intra-industry and external relations activities while creating a conducive and friendly work environment for the staff.

Spokesman of Transcorp, an investor in NITEL, Adedayo Ojo, told our reporter over the telephone that paying such huge amount as rent was not a priority.

He said the building was a rental facility and "we are at liberty to work out of the building if we are not comfortable in it."

Ojo said Transcorp was coming up with a transformation plan for NITEL, stressing that Nigerians will soon get a newly improved NITEL.

ABCtrans-Is the party over?

Easimoni
Welcome back.I guess your network is up. .If you see IOMA no cut him neck o!

Human psychology no fit decode how some brokers de behaviour.na vetinary psychologist you go meet for that one.especially those guys for cashcraft

jideakin staco never set date o.my broker de lie sometimes.no come commit suicide

RoughCut:
There's a world of difference between $5 and $5K

Leave story .Na sentiments drive the price reach 5k dollars

Wetin dey pain roughcut na dey money wey the guy spend no be the fact say him resign or the effect on his family.If he had spent on 200 dollars will you be bothered?

aktopgun:
Roughcut et blueband

yeye boys. this na di stock market tips una dey discuss. whether she fine or no fine, e put money fo my portfolio?   . If anything this kain one na portfolio depleter sef.

this is why them say make u look well before u pick your wife, make sure say she fine gaan and once u don pick, become blind man. I no say na so roughcut be and blueband, u i know when u went blind sef!  

if u check the man's wife is probably a babe as well as most times the woman outside no dey fine reach the one wey dey house   . I am not speaking from experience o  

Chei i don join una talk the thing finish!!

back to the NSE!!

Guess who the wife is?Your guess is as good as mine.E b like the woman come dey old pass the man.He needs some refresher,

Jandbaby,
I no get beauty meter for my house o.I no sabi who she fine pass.But what you are looking at will cost you 5k dollars per hour if you want a piece.As if na diamond.Chei

Roughcut
I don't think she is worth a penny.Oyinbo men sef.Maybe for free sha,

[b]DO YOU REALLY BLAME THE NEW YORK GOVERNOR?THE GIRL FINE SHA![/b] something to spice your day before the bear bear result comot later today

Kashif,
I just found the article interesting.I have been awake since 6pm yesterday working.This work hard pass baboon nyansh I swear.Let me go and sleep.Hope when I wake up IEI go don close above 6.50kobo make I sell.It appears there is an early oversupply of ABC on the floor right now.My broker told me today there is a strong rumour of ABC doing a 1:2 bonus and a public offer thereafter.I don't always believe my broker

If Gov. Eliot Spitzer of New York Were A Nigerian Governor
By Dr. Phil Tam-Al Alalibo



At moments like this, I am certain that Governor Elliot Spitzer of New York would have wished to be a Nigerian governor to enable him wiggle out rather easily from his sexual escapades and continue his stay in the Governor's mansion. For those not aware, the governor has been alleged to have an interstate tryst with a 'costly' 22-year-old prostitute named "Kristen" (real name Ashley Dupre) on numerous occasions; a venture that has gulped more than $80,000 of the governor's money over a period of time or perhaps, of New York taxpayer's money, though I hasten to add this has not been proven. As the embattled governor today tendered his resignation in utter disgrace with his emotionally battered wife, Silda, a Harvard educated lawyer like her transgressed husband, at his checkered side, I cannot help but ponder if he were indeed a Nigerian governor his sexual activities with a prostitute would be a non issue if not outright glorified; and this underscores the glaring disparity between the two societies.

The salient issues often lost in the argument are the dearth of probity, responsibility and leadership in the Nigerian political arena. Let no one be fooled, Nigerian governors are engaging aplenty in their own tryst with prostitutes; but the fact that it does not even make the news is evidence of the moral morass and abject decadence our society is embroiled in. So immune are our politicians to the needs of the people that when their actions are inimical to the greater good oftheir constituencies, they feign ignorance and proffer an inordinate amount of reason to remain in office. In Nigeria , in particular, and Africa , in general, our leaders do not know when to assuage the wishes of their constituencies and resign for the good of the nation even in the face of massive failings of personal and professional variety.

Just look at the examples – President Paul Biya of Cameroon has been in office since 1982, Daniel Arap Moi of Kenya was in office for twenty-five years, Robert Mugabe, at 83, an age he ought to be preparing to meet his maker, is not only basking in power, but continues to commit all manner of atrocities against his people. And Yoweri Museveni of Uganda has been in office since 1986 and this, after he noted at the onset that no one should be in office for more than two-terms. With the reckless abandon with which our leaders rule (not govern) and with the political debts they have to pay that facilitated their ascension to the throne, it is inconceivable that any of them would resign even when their countries are heading for the abyss of hell in a hand basket.

And at home, the Mrs. Patricia Etteh's saga presents a clear example of this malady that is afflicting our incorrigible tribe of politicians most of whom have ascended the throne on self-serving agendas. We should note the contrast here – that Spitzer resigned in forty-eight hours after he alluded to his personal failings, insisting that his shortcomings must not interfere with the peoples' business. But it took almost four months for Etteh to resign and that only after it was made abundantly clear that the Integrity Group in the House would stop at nothing to ensure the integrity of the House. In the case of Etteh, not even the death of a colleague, Dr. Safana of Kastina, provided the impetus for resignation and certainly not the fact that the nation was held hostage as they dabbled back and forth, boxing themselves in ways that would make Mike Tyson green with envy.

Most of us still remember the cases of Mr. Joshua Dariye and Diepreye Alamieyeseigha of Plateau and Bayelsa, respectively, both of whom were arrested by the London Metropolitan Police on money-laundering charges. We also remember that both escaped the long arm of the law to their respective states to continue governing. In the case of Alamieyeseigha, it was no surprise that he was even given a most enchanting welcome by his people complimented by well calibrated police salutes, all proffered to an ugly-looking cross-dressing 'female' fugitive that escaped from London under the cover of darkness.

As noted already, one of the reasons for their obstinate disposition in office is the fact that they must remain in power to repay their political debts. Thus, money bag politics become an albatross, an utter aberration to the true democratic inklings of the people. I am yet to see a Nigerian governor or high public official resign out of honor for a scandal that has plagued him/her while in office; and this noble act may very well not occur during my generation. They have all either been sacked or impeached out of office – the list is endless – Adolphus Wabara, Evan Enwerem, Chuba Okadigbo, Salisu Buhari (of Univ. of Toronto fame), Prof. Fabian Osuji and many more, all dragged out of office in the face of daunting corruption, instead of tendering their resignation and taking the path of honor.

In the case of the New York Governor, we saw his wife standing dejectedly behind him as he made his public confession of guilt. Just out of curiosity, if it were a Nigerian governor admitting to sexual failings, how many women would stand behind him in the moment of public confession, that is, if there is one? Will all his wives stand behind him or will he elect one out of the pack of wives to be so disgraced at the podium?

And recently, the Health Minister, Prof. Adenike Grange, was alleged to have been arrested by the EFCC for embezzlement of N40 million un-used ministry budget and award of contracts without adhering to due process. In any civilized society, such an arrest or even the allegation itself will be the catalyst for immediate resignation. But rather, what we had in this case was the employment of the services of spin doctors, trouble shooters, interpreters, soothsayers, native doctors, mind-changers all trying to distort the facts of the case and calling red, blue. Only in Nigeria would a public official be arrested and accused of a serious crime and the next day, he is offered a national award.

Gov. Eliot Spitzer's ill-luck is edged in the fact that he was the governor of the wrong state, in the wrong country and wrong continent. If he were a Nigerian governor, he would by now, in the midst of the public knowledge of his tryst, be meeting with the president to discuss important matters of governance and planning for his re-election, certainly not his resignation. If Nigerian governors were to resign based on their sexual indiscretions and entanglement with prostitutes and all manner of mistresses and small girls that loiter government house, there would be no governors left in any of the thirty-six states, maybe, not even a president – remember Abacha and the two Indian prostitutes?

cheexy:
@loma
That was just too funny. You got me laughing out loud even though it is 2.06am here.

@blueband
Did you see the speaker blaring "dude network's down". Classic

BTW i am thinking of reporting my stockbroking firm, They still charge for verification even though SEC has stated that it is illegal. The funny thing is that they don't even give receipts so there is no paper trail. I have never agreed to pay, but the last time i went to verify my certificate, i had to argue for a while before my certificate was taken. Don't want to go through that again. How do i go about it?

The radio had been blaring for the last hour that the network was down.men, lol, this is a classic!Walahi if I be Easimoni I won't take this sitting down.lolrof, men, lmao

IOMA you have just posted you 419th post and you use take shake Easimoni for elbow.OMG.You are a big clown.You have made my night.I am still lauging out loud here!

loma:
See Easimoni!

Bros I carry God beg you,I dey work.The way I am laughing here all man think say I don dey craze.OMG this is hilarious.Men,Easimoni leg long o.See as him dey use control Televion.OMG,LMAO

Concerning my FBN returned money which I have still not received.
I thought I was making head way by reporting the issue to SEC and copying their MD.
Today I got a call from a lady who calls herself the Manager of Bleep branch where I bought the shares.
She was so angry at me for reporting the issue to SEC and copying the MD.And she went, "is it because of this small money you are causing problems for us?I have told the staff who brought you to stop bringing people like you to us".I had to cut the line.And guess what?I just finished writing a letter which I will be sending by DHL tomorrow to SEC,FBN MD and IG Okiro.My life is now under threat by this Manager, as they say in Nigeria,

For once I am happy that someone's ass is on fire.I understand you can file a case before a SEC administrative panel if you have a case against your broker or a registrar.Hmmmmmm, do I smell Blueband vs Cashcraft?

We can change the system,if we don't keep quiet!Slowly but certainly!

iconbull:
@all
e be like say i don hammer for this ABC o! boght 235k units @ N3.4 , abi make i go load more tomoro? make constipatn no kill me o! can i hear sombody screamin ole,ole,ole! thief thief thief!

N:B Besides i had a chat with the MD of IPWA someting good they brew for the company o! i don they stokpile that one small small. my two cents.

Seriously were you expecting him to tell you bad news about his company?

@jideakin BTW I don't always trust my broker

jideakin1:
Thanks all, I got into staco @6.16, i don,t need to pay capital until 1year but will service the loan monthly. Just thinking about this their right issue maybe i should wait to také it then sell the original ones post ts. What do you think?

Ask to see if you qualify for the rights issue.My broker told me the cut off date is February 4th.That is,you must have had your shares by February 4th

First Bank grabs Mubadalla’s account - Monday, March 03, 2008
(Businessday) First Bank of Nigeria has grabbed, exclusively, the lucrative banking account of Etisalat, the operating company for Mubadalla’s Nigeria telecommunications operations. The bank last month became the first company on the first company on the Nigerian Stock Exchange to reach the N1trillion mark in market capitalization. Mubadalla obtained a license to operate telecommunications services in the country last March. It is expected to roll out in the next four weeks and aggressively attack the market and see huge cash inflows register fairly quickly. When it begins full operations, the Nigerian fourth network will be known as Emerging Markets Network (EMN).But it is the potential huge cash-flow that the network is expected to generate that makes the capture of the Etisalat account in Nigeria a lucrative catch for First Bank. The bank will be expected to handle cash flows running into hundreds of billions of naira, which the Etisalat and Mubadalla combination will generate.

Huge industry cash flow has already been significantly posted by MTN Nigeria, which only last month dangled a six month operational cash flow of N101-billion to woo potential investors to its private placement. Market analysts told said that Etisalat would have done a number of analyses before arriving at the choice of First Bank. The deal has indeed come at an auspicious time. Last week, Standards and Poor’s, the global rating agency, released a ratings classification for the bank, assigning to it BB-, stable B, on account of its foreign currency dealings; suggesting a stable outlook for its international market operations. Standard and Poor’s also assigned the bank a higher local rating, classifying it as a BB, stable B. It attributed the high ratings, which are equivalent to the sovereign ratings that Nigeria has been able to achieve with Fitch and S&P, to “the bank’s good market position, currently strong levels of capitalization, strong financial performance, and sound risk governance.” It was also learnt while the bank will be working on the Etisalat account, it will also provide financial advisory services to the company.

STACO placed on TS.
To sell at 5 Naira for rights issue and 5.50 for others

dollyp1cute:
Thanks I thougt Crusader as well but I had no numbers to confirm my choice,

Blueband you no go commit suicide not with all the agba agba in this forumn, devil is a liar after you see RED na Blue remain. Your name must speak for you  

Amen ooooooo!

IOMA
red for me means red.
3 of my stocks are below their buy price right now
Thankfully I still have some fundamental stocks that are doing okay.
Wetin save me be say companies like Ecobank,Sterling and DEAP are on TS.If not na suicide I for commit.

RED means RED

windywendy:
@blueband, this your hatred for cashcraft is "ga ju" Don't  you think it's time to forgive them and change your signature? _{just a fly-by thought}  

pumping777:
Don't forgive them jo. These guys are not repentant lai lai. Always trying to play a fast one.

As I am talking with you Cashcraft has refused to still pay me my balance.Even to get your money out can sometimes take a month or two.
I repeat-A WORD IS ENOUGH EVEN FOR THE FOOLISH,DON'T GO NEAR CASHCRAFT

I say make I sleep wake up see whether my portfolio go turn green.It is still RED

IEI has finally come below my buy price.
Dunlop is looking sweet to enter very soon.
ABCTRANS,the bus is slowing down.

The bears are sill around o.This has been a bad week.My spreadsheet profit don disappear!Are we seeing the end of CICO?

Lagos Assembly Launches Website For Obama



By Akinwunmi King Trainee Reporter, Lagos
Wed, 12 Mar 2008 00:00:00
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Lagos State House of Assembly has launched a website for the Black American Presidential Candidate, Barak Obama.
At a press briefing at the Assembly Complex on Tuesday, Adelabu Onibiyo, representing Alimosho Constituency I, explained that the website initiative was aimed at mobilising five million Nigerians for Obama’s success.
Onibiyo, who is also the President of the Obama Nigeria Initiatives, said, “As the representatives of the people, we thought it wise to show our support for a man who is a democrat like us. Thirty-two members have signed up to support this worthy course, though we don’t have voting right, but some of us have relations over there who will vote.”
He disclosed that the group has printed banners, which would be distributed at all the constituencies in the states. “We are also going to place some of these banners in some strategic places, like the airport and other places in the states”, he added.
He said members have donated generously for the success of the initiative, adding that, “we are also hoping to log on to his campaign organisation to let them know our activities over here.”
According to John Ogunkoya who is also a member of the group, “We believe that Obama’s Presidency would bring peace to the world. We are also celebrating democracy with what we are doing and Obama has really gone far as a black man, so we are saying he should be allowed to continue what he has started.”
Onibiyo however, implored Nigerians, who may want to join the initiative to log on to www.obamanigeria.org, “this site would be ready by the weekend and anybody who is in support of this worthy course can register”, he added.

Even Kenya has not set up a website mobilising it's people for Obama.I tire for Nigerian politicians.