Chimex38's Posts

Nairaland Forum › Chimex38's Profile › Chimex38's Posts

1 2 3 4 5 6 7 8 9 10 11 12 13 (of 121 pages)

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:04pm On May 03

For the rule of law, procurement contracts and corruption in general to reduce.
We need at least these two policies below to go hand in hand.
1) Appointment of competent hands

2) Whoever is to be appointed into a strategic public office such as Health, Education, his/her self family or relatives must be attending any of those public institutions. primary, secondary or tertiary
The government institutions should consist about 60-70% of high cardre employees-Directors, palm secs, who have loved ones as part of ordinary Nigerians as beneficiaries of the Ministry's impact or failure.

Infact, promotions should be based on it m-how many of one's relations one has to benefit from the impact or failure of one's office grin

Overtime whatever opportunity they will eventually lose as kick backs, diversion, misappropriation, sabotage of program or sabotage of project goals for selfish benefit UNDETECTED, they know they will have to put passion, honesty and sincere enforcement to benefit their wards in such institutions and thus ordinary Nigerians as well.
Overtime , it sticks and corruption is reduced, fairness and rule of law is returned.

It may affect Fundamental human right of freedom of belonging, etc but this exception for public office holders of particular ranks needs to be constitutionalized. administrative, oversight, developmental functions of MDAs, program and project delivery and maintenance will be water-tight and more honest otherwise, they self sabotage themselves via their loved ones.

This will reduce corruption of Public offices being seen as using Govt resources to fund their private affairs.

Christianity Etc › Re: I Thought I Had Missed Rapture - Pastor Adeboye Recounts Rapture Scare by chimex38: 10:59am On May 03

Loyboy:
this man and his false stories. He is not even a Christian to start with, so he should focus on his business and leave Rapture for the true Christians

Lol... True Christians grin

Spotted. na dem

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:34pm On May 02

OlugbonAresa:
People just need to calm down and stop taking things personal, the man has the right to complain about the deduction on his money so why taking out your frustration on someone's opinion. Calm down !!!

Are you not quoting the wrong person?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:04pm On May 02

Agbalowomeri:
He will

But only view once

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:32pm On May 02

..
you won't make heaven

ppogba:
Na lie. Nothing is priced in.

The wages of Sin is death according to the holy book.

The wages of dividend non payment according to investment manual is dumping during the subsequent trading period.

We no go gree.
Punishment dey must chop. And chop in abundance.

We are even talking of Access that is a disabled stock compared to it's contemporaries.

Big for nothing....

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:53am On May 02

MODESTY2024:
Only OGG writes as constructive and sweet as you do. My wild guess is this is OGG

Naa.. OGG is also strong in TA skills and jargons. With diverse stock base not limited to fundamentals alone..
It would have shown in at least one write-up over the years.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:22am On May 01

Namaster:
BACK to sender!
We REJECT this result.

We are going to COURT.

But the bank did better than the Holdco.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:28pm On Apr 30*

deathwing:
What excess funds? are the funds not tied to people who bought them already? Did anybody give them free money?

It's probably not hard to deduce.

Late entrants who subscribed to the public offer after TIP has achieved the SEC approved target, rather than refund them, the management can set up another Private placement arrangement of the exact excess amount approved at the AGM and use that to add to equity without returning the balance.

The only issue is, depending on the amount it will expand the outstanding shares far above what the initial PO and RI especially if the excess is substantial.. But if AGM approved it, no issue.
(my thought though)

1 Like

Education › Re: Is Computer Engineering A Good Course To Study In Nigeria by chimex38: 10:16pm On Apr 30

Atheistan:
Its a dying course...
Organizations are moving away from on-premises infrastructure to cloud so fewer hardware lay within their environment.

Cloud storage still require data centres which is also a big physical warehouse of human size hard-disk drives as critical infrastructure.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:43pm On Apr 30

Sunrisepebble:
I will be very happy to buy if it comes down to N100

The junction you missed it or sold grin

I understand grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:10pm On Apr 30

Oil & Oyel wonders

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:24pm On Apr 29

courage89:
https://nairametrics.com/2026/04/29/mtn-nigeria-to-sell-60-of-momo-psb-ydf-to-mtn-group/#

What’s does this mean for the valuation of MTNN?

More one-off profit on their books

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:37pm On Apr 29

deathwing:
Will the price of the share change when the PO is released?

I don't think so officially.
Just that people will naturally sell their shares once the offers are credited thereby depressing the share price.

Politics › Re: No Major Power Plant Financed Since 2015 — Nnaji by chimex38: 1:31pm On Apr 28

googi:
Whatever the case, there is no dispute here that Nnaji is a very brilliant professional, comfortable in this Power production field.

But so are many Nigerians abroad that would not steal a dime in order to prove their competency. These same Nigerians become looters or award contracts to themselves which they would not do anywhere else. This is how Nigeria has been going down!

How can we justify competence and fraud without encouraging more fraud you are trying to excuse just because foreigners do it to us?

This was how Nigeria Airways fell apart when Nigerians awarding the contract to British partner demanded kickback higher or more than their British partner? Nnaji had the expertise but wanted both the contract and the job which he would not dare anywhere else.

It boils down to: if our African professors that left their comfort abroad to come and teach at home wanted the same, African countries would still be without African professionals.

If our Independence Activists remained abroad, where would we be today? Their children may be something else like Nepo kids but these Professors and Activists gave us a good start.

Your solution of competency despite fraud is our problem today. Jonathan had no choice but to let him go. He cannot do the same thing he tried under Jonathan in Abia. His success there is more patriotic.

I get you.. That's an ideal situation. In some areas, Nigeria doesn't have competency in large numbers, so the few ones if not paid well will find ways to beat the system....scacity is expensive

If you are to wire your house and in your locality, theres just one electrician good enough to give you standard without harzards in future but he charges high labour fees.. He also teaches locals alongside with the more jobs he gets. Sooner or later he won't be the only local expert.

But once you refuse the high labour charge, he reduces it but smartly puts it in the Bill of quantity so as to still get the job, and once you price it down again or buy it yourself, he steals remnants of what you bought that should be your own property for future repairs or installations.

In all these theis competent but Financial Fraudulent electrician never wrote down nor used substandard material for you. he understands the complexities required and delivered with skills and dexterity with safety standard along side his boys learning under him.

Would you rather take him to to the job or an armature who may not perfectly wire the house to even light up the house or known for substandard and shabby work but lower cost and trustworthy who won't take your equipment and materials after work?

Or you wait and import the Chinese electrician who will do same work as the first competent electrician but at a much higher cost with unnecessarily overbloated expatriate fees who won't teach the locals as well.? Cuz he wants standards to keep being imported into Nigeria from China.

Whatever fraud or wasted you avoid in the first guy, you pay double or more to this so called expatriate. Also due to language and environmental barrier the work will take much longer time and might include variations or inflation on the initial cost of material.

Or you axe out the local competent electrician and stay in darkness forever and ever or you import electrician from outside and so will the rest of your generation be importing electricians when needed

I am not encouraging fraud, I am advocating for localized conpeteces where available..over time, their scarcity will be reduced and this fraud will be reduced as you will now have more local competent electrician in your locality and a higher chance of getting more honest and sincere bargain.
We need to face our reality and also economics as well.
scarcity of any valuable product will always be expensive. If you can afford such expense which could help to reduce the scacity, future cost and monopoly fraud, are you rather encouraging fraud or killing root cause of fraud with one stone, the more projects are undertaken in your community?

On the Prof, I was only speaking hypothetically, there was nothing to point that the Prof. was a criminal or fraud
It was just tendency to be bias just like every other person who has a stake.
So unfortunately, he had to choose.

But when you have conflict of interest, and he chose to step down to avoid the conflict.
Why not award his company one or more of the Discos or Gencos since there isn't conflict of interest at this point?
Why not address this question.
Should he rightly be axed out completely for a Non-criminal offence. In short, no offense at all, just a potential offense that never materialized?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:30am On Apr 28

unite4real:
Thos of una wey dey pursue champion. The Q1 EPS is not 59 kobo but 5.9 kobo. them don make mistake for the income statement

Eagle Eyes 👀

1 Like

Politics › Re: No Major Power Plant Financed Since 2015 — Nnaji by chimex38: 10:23am On Apr 28

keemsleek:
You getting the whole issue. How can u sack one of the best brain you had cos of pressure from pdp cos those that wanted the disco were powerful people I don't need mention them. No politicians thay doesn't have instrest in deals. One of the places Jonathan displaced his weakness and has for him he didn't play his card well and he was eaten by the corrupt bigger fish.

Yeah true..Jonathan unfortunately caved in to PDP and their lots who had no finance to invest in the industry but instead took what was left of the already weak power system.

At least Prof company should have been allowed to bid and gotten a Disco or Genco slot or both since he had already resigned.
No conflict of interest here.
This is where Jonathan should have used his bottom executive powers.

And if his company is prevented from bidding, Jonathan should have made him remain as Minister despite the resignation pressure to spearhead the drafting of procurement process and criteria needed to choose the best hands as good as his company or even better in all the privatization process.

At least, in either case he would have still been in the system. Benefitting us from his expertise.

The "unpatriotic" word used by the other guy was just out of line.

Politics › Re: No Major Power Plant Financed Since 2015 — Nnaji by chimex38: 9:25am On Apr 28

keemsleek:
To settle the dispute here what I found out.

Former President Goodluck Jonathan did not publicly “sack” Barth Nnaji in the usual sense — he resigned, but under strong pressure. Here’s what really happened:
🔑 Main reason: Conflict of interest
Nnaji was accused of having links to companies bidding to buy power assets during the privatization of PHCN (Nigeria’s power sector reform). �
Channels Television +1
Specifically, companies connected to him were involved in bids for Afam Generation Company and Enugu Distribution Company. �
Channels Television
This created a serious conflict of interest, since he was the minister supervising the same privatization process.
⚠️ Presidency reaction
Jonathan reportedly confronted him over this issue and felt it violated his oath of office. �
Daily Post
There were also allegations he was fronting or indirectly benefiting from the deals, which worsened the situation. �
Kemi Filani
🏛️ Political pressure
The ruling party (PDP at the time) also pushed for his removal, citing irregularities and concerns in the privatization process. �
Information Nigeria
🤝 What followed
Facing all this, Nnaji resigned on August 28, 2012, and Jonathan immediately accepted it. �
Wikipedia
The move was meant to protect the credibility of the power sector reforms.
🧠 In simple terms:
He wasn’t removed because of poor performance —
👉 It was mainly about conflict of interest during the power sector privatization.
I

I know this... But it doesn't still negate what I said.

Do you think Prof. Nnaji doesn't benefit from the Aba Power projects both rightly and indirectly..
But who cares on a larger scale and pursuing the conflicting details If you can f**king deliver.
Do Abia residents care?
Or the State Govt care?

Do you think Wike didn't or doesn't still benefit from various projects with "conflict of interest" in River state and also in on-going projects in FCT?
Why his good ratings online in both RIVERS and FCT projects despite his shenanigans?

People with expertise, political will, highly motivated as well as influential by being connected to people that matter both national and international stage should be brought into the system one way or another.- they are scarce commodity.

Conflict of interest, taking kick-backs, though bad, but its a little price we can pay for now for the overall benefit to the nation especially to ordinary citizens for their survival until we stabilizes.
The Chinese and Lebanese we invite are even short changing us the worst. But because they deliver, we don't complain... It's fair and square. How much more our own naija blood?

Did you bother you also ask AI if the others who didn't have "conflict of interest" and have not been biased on contract award and not stolen from the privatization process, how they have delivered? Or how the "non- conflict of interest" by the privatized awardees has saved the country's power system and impacted the ordinary citizens positively?

Do you justify removal of a "bad" person because you have proof and allow worst persons cuz you don't have proof? but you know he isn't as good enough as the "bad person".
Even though you know you can tolerate the excesses of the bad person compared to what the "bad" person can deliver.?

Is this not a classic case of, the enemy you know is better than that angel you don't know? What has this angels done so far since 2015?

If he remained a Minister and thus will rightly give-up on his company bidding processes due to conflict of interest,
Why is It that when he resigned as Minister, his company wasnt even awarded any of the Discos or Gencos from the FG or at least multiple of them?.
Especially knowing his competence with his academic and industrial achievement as well as his Leadership in his short sting as Minister?
He lost both Ministerial position and contract to his firm at the same time...

He seem to only get a private job in Abia which he pursued passionately with Vigor and free will despite the so called "conflict of interest". and proved his competence.

Competence, expertise, political will, self motivation and international & local influence are scarce and hard to find in a person in this country.

We shouldn't quickly toss such persons away entirely who tick these boxes for the greater good on a national scale for just mere "conflict of interest".
There should always be ways to still bring them in on board. They are human capital assets we are just treating as liabilities due to a rule of law that in this specialized case, doesn't favour the greater good.
Laws are made for man, not man for the law. Exceptions can be given where necessary.
It's the Spirit of the law that matters.

Politics › Re: No Major Power Plant Financed Since 2015 — Nnaji by chimex38: 8:15am On Apr 28

josite:
Is this not unpatriotic guy who left the power ministry because he want s to bid for government power contracts ?

Yes, he's a Prof who's just an "unpatriotic guy". Who wanted to transform our Discos and Gencos with his expertise and international out reach both Academic connections and industrial connections as he has done to Abia state with expansions still going on.
What is more patriotic than that.?

As the "unpatriotic guy" has been removed
What has the "patriotic guys" who took over
achieved/not-stolen so far from the same Govt contracts ? undecided

11 Likes

Foreign Affairs › Re: Iran Offers To Reopen Strait Of Hormuz, End War If US Lifts Blockade by chimex38: 11:36pm On Apr 27

Jangbajantis:
“Simple” and “iron cast” don’t make it true.
Your whole argument assumes an open strait under threats and coercion is the same as an open strait under deterrence and reduced leverage. And I'm saying it isn’t.

So yes, ships passing before and after can look the same on the surface, while the strategic reality is completely different.

And the “Western lens” line is tired. Some of us can criticise both the US and Iran. But in the case of Iran, some people suddenly become blind to intimidation, hostage politics, and years of using the strait as leverage. That selective outrage is the real bias.

AI polished thoughts...
looks good though.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:24pm On Apr 27

Mpeace:
I think access will pay dividend, like 10kobo or something in that region.

By their branded standard, isn't it more dignifying not paying dividend at all like UBA than paying 10kobo and still collect bashing? grin

Anyway for access, they promised to pay before CBN hammer. They may just want to keep to the promise no matter the tesere amount approved by CBN(if at all) .. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:17pm On Apr 27

UBA is really big.

They single handedly drove the market in red.
Despite PRESCO and Dangcem gains..

If you're big you're big grin

Brighter weeks ahead 🔆

3 Likes

Foreign Affairs › Re: Iran Offers To Reopen Strait Of Hormuz, End War If US Lifts Blockade by chimex38: 5:08pm On Apr 27

Kemetian:
WHEN STARVATION, FAMINE, AND HYPERINFLATION CAUSED BY FOOD SHORTAGES OWING TO LACK OF FERTILISERS AND AGRIC CHEMICALS, PLEASE DO NOT BLAME TINUBU.

I think Dangote has a large fertilizer and petrochemical plant alongside the refinery..
Nigeria will absorb the shock just like crude oil and petrol.

Other reasons may apply for opening the strait, but Nigeria will be fain in that fertilizer basis. No scarcity in the nearest future.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:14pm On Apr 27

KarlTom:
Cash [indeed] is king

After price stabilizes, I'll get as much as +20% of my previous holding

The feeling of experiencing sth you already know sometimes kinda feels novel despite already previously having the experience.

Pychologists need to explain this. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:07pm On Apr 27

Itzlinda:
Congratulations.

Mine still never filled. I don vex cancel sef

Market closes by 4pm.
You should have waited.
This could've been one of the benefit of this time extension

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:53pm On Apr 27

megawealth01:
...................
.............
Just imagine they remove the 10% thing... By now Tony for don hold 20 conference meetings and 100 press briefs and 17 board meetings this weekend into today Monday

I tell you; even press release like Independence Day broadcast grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:48am On Apr 27

PETERiCHY:
So because of bad results and zero dividend Emma have quickly denied UBA

Would it being they declared #10 dividend
We hear things like

"I started buying UBA since 1909 when it was trading at 5kobo.."

"Nothing beats long term investment."

"The dividend I got from UBA is more than the capital I invested"

" UBA is 30% of my portfolio"

" I will be reinvesting all my UBA dividend including the ones I inherited from my grand mother back to UBA "

Abeg make una dey fear God small

BARGAIN HUNTERS TAKE NOTE!

This was the signal..over a month ago👇👇

emmanuelewumi:
Might also have to sell my UBA shares I am not certain about what to expect after the stress test.

Tony's companies should be highly exposed to the bank

14 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:32am On Apr 27

@GeeKudi.
Trust issues with FG
Shey you don see others' opinions grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:22am On Apr 27

Good one
Regional and self autonomy in citizens welfare is welcomed where possible. Also Improves IGR

Waiting on FG na LOooooong thing.

SonofElElyonRet:
The aim is to take Abia off the national grid and constant electricity... Work in progress..

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:17am On Apr 27

SonofElElyonRet:
@Agbalowomeri don meet pessimist wey pass am

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:10am On Apr 27

megawealth01:
Testing the microphone 🎤

Exactly, dem dey test us to see our reactions and then restrategize for later.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:23pm On Apr 26

GeeKudi:
You posted a link debunking the false alarm and yet, you still decide to see smoke without fire. The lack of trust in anything government by nigerians is at a level not seeing anywhere in the world.

Lol. .Na Soooo..
be like DNA stamped
No blame me grin

Debunked now, unveiled in future grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:51pm On Apr 26

Vehicle Tax Debunked
https://punchng.com/no-new-tax-on-vehicles-nrs/

I sha know say no smoke without fire

1 2 3 4 5 6 7 8 9 10 11 12 13 (of 121 pages)