₦airaland Forum

purity2all:
That was the day the news broke..

Oh, Ok..
Thank you.

purity2all:
He was referring to the threshold for price change.

sure?
didn't see any indication to that.

mikeapollo:
I dont see investors selling their shares at a discount to the IPO price.
The refinery enjoys a monopoly, abd very likely to declare profits for 2026. And Alhaji has a tendency/history of paying dividends to IPO subscribers.

I predict also that they will be in profit.

For them to attain and even surpass the Name plate capacity of 650k barrels up-to 700k..
That huge revenue has to trickle down to profit irrespective of thin margins.

KarlTom:
Big news dropping soon ⏳

Good Day Sir.
1 month don pass like this Oo.
"soon" still dey front abi ee don pass?

Agbalowomeri:
Wetin annualised EPS go do people ehn

Maybe FPI's go first fall Maga

Kaczynski:
Nigerians are too poor afford uber hence no patronage so they bolted.

they bolted to Bolt from Uber

ositadima1:
It is not theory but the koko; it all boils down to probability.

Assuming you stake ₦100 to make ₦50 (that is, if you win, they pay you your original ₦100 plus an additional ₦50) the decimal odds are calculated like this:

1 + 50/100 = 1.5

To convert that to implied probability:

1/1.5 = 66.67%

So your estimated probability has to be higher than this to have positive expectancy.

Let's assume that, based on your expert knowledge, you estimate an 80% probability that the event will happen. Then you have positive expectancy.

If we translate it into practical terms, 80% of the time you will win ₦50, while 20% of the time you will lose ₦100. So your expected value is:

0.8*50 - 0.2*100 = ₦20

You would therefore expect to make ₦20 on average every time you place this bet over a large number of bets.

The other part is sizing your bets so that you can survive multiple losses in a row. An 80% probability of winning also means that you can still lose 4 or 5 times in a row, or even more. So you size your stake appropriately so that when those sequences of losses occur, you won't be wiped out.

I'm not going to dive deep into how to do that; Google is your friend.

The hard part is being able to estimate a probability that is close enough to reality or better than the implied probability in the bet. Most of the rest is just math.

headache! headache!! headache!!!
This man don go open Probability theories book

Be like you wan unveil new betting company.

Streetinvestor2:
So u believe his outdated tool worked this time.Dont worry u will see what will happen when awesomeJ begin off load this week..lol

Loll.

Agbalowomeri:
ACCESS closing the month nicely is a good sign, as previously analysed a week ago

This should be the highest monthly close on record

Only for long-term considerations

Apollo and Nosa don hammar
EDUARDO has sold

be like Your tools realy catch this one. Welldone

SEC

https://www.vanguardngr.com/2026/08/no-settlement-default-recorded-since-t1-adoption-sec/

Make your input known on how Govt should collect, share and implement Tax returns amongst other input in the forthcoming
Finance Act 2027

Method1 via Email responses to: financebill2027@fmf.gov.ng

Other methods/ Detailed Info:

https://punchng.com/fg-seeks-nigerians-inputs-for-2027-finance-bill/

Mpeace:
Chai I sold half of my Seplat to buy FBNH. I no know whether to vex or happy. Everything feels the same.

I don't think it's a bad decision either.
If the Ngx tier size and volume regulation had been implemented, Seplat for don do 20%+ this week alone.
That's where you go feel am more.


FBN na another baloon waiting to be inflated.

Only Seplat...65% of index-addition today.

When you are big, you're Big.

Edited:
about 50% rather.

SmartInsure:
Dividend Alert: 3 NGX Stocks Have August 28 Qualification Date https://naijaticker.com/news/naijaticker/dividend-alert-3-ngx-stocks-have-august-28-qualification-date?utm_source=nairaland&utm_medium=referral&utm_content=thread

UPDCReIT= ₦0.4 Not ₦80.4

Until those legacy debts are cleared to both the GenCos and Gas providers.
It's difficult to invest in the Power sector.

Over 3tn debt and only about 15%-20% have been cleared so far.
Until up-to 80%-90% debt clearance rate is achieved will investors come in.

The states that are taken over and forming their own regulatory body are only partially in control. They will have to offset all the legacy debt portion accrued from their state to fully function independently..

Also with the interconnected network of the Teansimmisson lines(National Grid), the FG via Discos and NERC alongside communities will have to determine the boundary of each state transmission network and isolate officially where necessary.
So yes,the bulk still rests with the FG.

For example
MainPower DISCO for Enugu state alone were in contention with EEDC last year over reduction of tariff prices for Enugu state only.


EEDC proposed they buy out the debt or remit the quota of the legacy debt monthly if they want to reduce tariff.
MainPower subDisco refused and absorbed themselves of the debt.
So it seems states don't really have absolute control yet on the distribution side yet to attract investors as long as this debt is hanging.

purity2all:
Some good news amidst the bear.

Further good news
https://nairametrics.com/2026/08/27/opay-plans-listing-on-nigerian-exchange/

Mattswaggz:
So it's now an achievement abi?....or do they give awards for it?.

Any Personal fulfilment is an achievement no matter how awkward

CodeTemplar:
B & D

This is the correct answer I have been looking for.

If the question had [b]"only" [/b]at the end of it, then D Will be to outright answer.

Otherwise, both B & D satisfy the "test of English" criteria.

Agbalowomeri:
FO is obviously fronting for some APC goons

Lol..
As per say im money no dey finish.

I think It's obvious he's competing with this current share sale @110.

If it's finally alloted, let a single entity not range between 25%-30% in total shares in his very-before

He will need to accumulate from the floor as much as possible to always have that edge. Make ee no carry last.
Na risk management.


Also, ee be like na im also wealthy in-law(Mr. Eazi) fit dey Support am.
ee also get business across Africa wey im dey consider list for NGX in future.

#Japa_Crew
na Singapore passport sure pass now Ooo.
Na there eee dey happen


https://leadership.ng/singapore-to-give-families-nearly-n94m-for-every-child/

CaseSensitive:
Release that old lady for God's sake! She's vulnerable, arrest the people supplying her drugs to sell.

Exactly..
Internal family set up.
What can her brain comprehend to know intricaces of what she's up to if they convince her otherwise?


Funny thing is:
She may not even be aware she's being arrested.
eee fit think say na photo-shoot.

GeeKudi:
I think we would have more peace and satisfaction if we stopped converting everuything to dollar. If your daily realities depend on it, then why not. But, for an average fellow who has nothing to do with America, why should we constantly label them with poverty because of our needless calculator?
I lived in Europe, those people are not so crazy about the dollar the way we are. Infact, if you are looking for societies defined by personal contentment devoid of some mad rush for individual affluence, you look to europe.

I am not converting Naira to dollar and vice versa.
I am merely comparing the basic quality of life that are humane across homo sapiens irrespective of where they live .
The words you are looking for is exposure, globalization and awareness.

A man who has never left the village will be contented with the meagre and little opportunities he's exposed to.. He doesn't need much to connect with life around him. He may not even have a smart phone; maybe just a feature phone and so does his wife and most of his clan at large..
Village meeting are called by town criers, water is free from stream, town hall meetings for general infos,etc
No data or whatsapp group update for village update.
No estate facility fee for Dustin or periodic paintings, levy, etc.
If such man somehow starts earning 20m while living within his village settings as his standard.
He's a wealthy man.
Highly likely to be contented.


While the one In exposed city saving 20m is a rich man.
Less likely to be contented, not because he's necessarily greedy, but the exposure, awareness, standard of living expected welfare Vs what he's getting and what more opportunities he knows he can both give & take somehow keeps him up looking for more.

Plus he will most certainly have numerous dependents from aged to youth who have practically nothing from society. Unlike other climes with cushioning effect.

Networth sometimes doesn't justify his living reality.

lawani:
I was sick of malaria in Osun and I went to the general hospital saw a nurse, got tested and was given drugs which cured me. All free. I believe it would cost enough to part pay for a used car in the US.
I caught my hair for 1k. It will cost like 50k in the US and the barber may not be as good
Someone showed an analysis on Facebook. In the US you can't buy a home worth 800k if your income is 150k a year because there won't be anything left after mortgage, insurance and etc. You won't have change to eat for someone earning 150k.

So life is not all about high speed internet and etc. If your hand touch 20 million naira in Nigeria after hard work and it slips, it may be your only chance in life that you missed

I have later agreed with the mortgage part.

I only used internet as someone else yardstick.

Everyone has a level of economic taste in life. you will want to live upto that if FG isn't providing. It doesn't have to be internet.

Majority won't live the way they live before they acquired the 20m if they can afford it after acquiring it. Especially economic benefit that lengthens life or brightens ones mood or improve productive or useful in some way.
That isnt luxury. Cuz it's an essential need you want to have all the time when you need it m. Yes, one may delay gratification as they call it, but at some point you may have to pay its full cost to own it for your own benefit + maintanance cost if FG doesn't offer you the taxable economic benefit. Which shouldve been a cheaper tax-pay from your 20m.
That can reduce net remaining balance if you factor in all these personal necessities you lacked.

iamnotillicit:
This is so dehumanizing

🫣

Either this or jungle justice.
Which is more dehumanizing?
at We're gradually getting there on our own to dismantle jungle justice..

In those days, theives are either ostracized from homelands or made to walk round the community including markets...
The Shame dissuades the crime as it taints the family name forever.

These days, thieves aren't shameful about being paraded anymore.
There's even a high value placed on you if youve been to prison or slept in police cell before.
Being an ex-convict comes with a lot of swag and reputation.

So going deeper to find that act that can cause shame on the person and reduce his sense of pride and dignity afterwards is also a welcome development.

Sooner or later we will find a much better socially acceptable one.

Good news is jungle justice is being reduced.

Kaczynski:
Pyramid scheme. The dude holding microphone does not even know whats aws or azure.

Discussion should start from somewhere.

The world is going data centric.
Soon, there's will be nothing Sovereign about a nation when your critical info are all hosted elsewhere..

It's high time we build data-centres for cloud infrastructure or we go back to "full book-keeping" for security reasons.

GeeKudi:
You are deviating!
Regardless of the miriads of "hardships" or "constraints" he has to face, the Nigerain man who is able to save (not a one-time hit) N20m is not poor. The fact that he was able to survive while saving that money means he has mastered how to live with or live above those conditions you listed.

It's also a two way thing.
Not all who survived a certain way while saving will always intend to live that way for the rest of his life despite getting used to it.

At some point, you will have to pay yourself and redeem and fulfill that drive and ambition that made you initiate the saving in the first place.

StockJamesStock:
I saw your post where you said someone with 15k (whether earnings or savings) can pay 'just a token' and get a mortgage plus utility bills etc paid. That's absurdly unrealistic. 15k is below the federal poverty line and nobody earning that is getting a mortgage of any kind, and even if they did which house would they buy?

Also, you seem to think $15k in savings is a pedestrian sum for people in the US to have. That's wrong. The median amount held by US households in transaction accounts (current + savings + investment accounts) is $8,000 - https://www.bankrate.com/banking/savings/savings-account-average-balance/#how-much-does-the-average-household-have-in-savings

There's no comparison between that and someone who has 20m in Nigeria, whether you're looking at savings or income.

Nawa.. True true..
$15k annual earnings fit no even qualify for mortgage.

No wonder Naija over there dey try build for here no matter what.
It's almost pointless.

https://www.bankrate.com/mortgages/what-percent-of-income-should-go-to-mortgage/

StockJamesStock:
I saw your post where you said someone with 15k (whether earnings or savings) can pay 'just a token' and get a mortgage plus utility bills etc paid. That's absurdly unrealistic. 15k is below the federal poverty line and nobody earning that is getting a mortgage of any kind, and even if they did which house would they buy?

Also, you seem to think $15k in savings is a pedestrian sum for people in the US to have. That's wrong. The median amount held by US households in transaction accounts (current + savings + investment accounts) is $8,000 - https://www.bankrate.com/banking/savings/savings-account-average-balance/#how-much-does-the-average-household-have-in-savings

There's no comparison between that and someone who has 20m in Nigeria, whether you're looking at savings or income.

Seriously?
So wait, you're saying a $15k annual earner does not qualify for any amount of down mortgage payment to own even if na 1-bedroom flat?
Even if mortgage takes 15-20yrs?

Haa!!!
That's too bad Ooo

GeeKudi:
He wasn't living in America while saving his N20m. Why do you want to use American whatever to take the money from him 😁.? He watched football, ate, had a roof over his head etc while saving the cash. Why would the money or his capability to continue on that path suddenly varnish because he has to continue to eat, watch football and use internet?

Well, You make a point.
But the truth is, the people with that wealth in this category are rare in Nigeria.
People who earn as much but dont realy care about good road?
Prefer their village well-water with no filteration rather than digging borehole with filteration?

Do not bother about having light when they need it, despite being able to afford it?

Prefer local Midwifery and other cheap and risky local health services than standard care despite being able to afford all these standards?


The only extreme rare case I have heard of is former President of Uruguay---
José Mujica.
Lived in a farm before, during and after presidency.

deathwing:
I don’t understand this ‘earnings from $15k’ to fund anything. What earnings? If an American has a total networth of 15k, without their famous access to credit, they may be living on the streets. Maybe -5k will go a long way if you’re living in rural Massachusetts, but in any urban city, you can’t pay rent and buy food on that without having a flatmate.

If you have N20m in many Nigeria states, you can live for three years. Millions of Nigerian workers earn less than 3m a year in total. At that level, 20m will cover rent and food and utilities for years. Infact, it can build you a house.

Of course, you're right. 20m can do all that.

But you can't rule out quality of life when comparing pay.
I'm only trying to arrive at a precise reference.

The difference is that, it's a must for every dollar earner out there to live up to a basic human standard and one has to work his/her ass off to live up to that standard or get thrown-out.

Let flexibility be that:
1)The dollar guys could choose to pay for 100kb/s data quality rather than 50mb/sec.

2)If they could decide not to pay for health-care insurance cuz some people seem far less subsectible to illnesses.
3) if they could decide to build their houses according to their budget and style NOT according to all Engineering and environmental standard and paying all professional fees involved.
5) if they could decide not to pay tax for emergency dispatch and police.
(Some live their lives without needing the police call or 911 service).
Etc.. Etc..

If we reduce this standard unnegotiable requirements of theirs, let them come to our Naija standard-level in terms of standard of living. Then credit-loan will become irrelevant.
They will have more money in their hands.

Then we can compare savings.

Yes, a 20m earner in Nigeria is comfortable, with just part of the basics, food, water, few others.
But there's a reason why he still complains from time to time and gets frustrated.
Why? His earnings/savings is still not enough to afford some of them or probably can afford them, but can't maintain them sustainably over time with required logistics.

They give up on such economic basis and pursue the luxury they can afford given the impression they've conquered all their economic limitations. When they haven't.
Bit the struggling guy in $15k in dollar who can't afford the luxury, has basic and standard economic LIVING amenities not just SURVIVAL amenities at his disposal


We've all chosen to live with those limitations and taking it subconsciously as standard way of life.


The dollar guys don't. and that's why they can't outrightly afford luxury and yes, need credit and even with the multiple job stress but still tey live Longer, healthier and much more productive especially those that are contented.


How many good houses/mansions have good roads leading to them? With/without tax paid. with high expensive cars to avoid bad road and porthole-effect?

But the low budget dollar guy on a shared apartment or managed to own a mortgaged 1bedroom flat can ride his bicycle freely on tarred road..

Sense of ownership with quality cars Vs Good Road, good enough for one's low budget bicycle

1_1..Draw
For me, it's a 1_2 win;


20m is cool on its own in Nigeria independent of others.

But when comparison start. We gaz establish reference on what is currently a standard and acceptable way of life.

GeeKudi:
The point I alluded to is that anyone who is able to save N20m in Nigeria is not essentially poor. I don't know if we can say that about the one who saved $15k in the US. And, except he needs to directly spend dollars, the Nigerian man has no business putting a conversion calculator on his treasured N20m.

Agreed. 20m saving isn't poor in Naija context.
But are we talking Earning or savings?
If savings, the Naija guy saving 20m is mostly never net-of-welfare(Aside usually food). He will have to cater for economic essentials, welfare.
Won't be able to maintain some form of luxury after that while
$15k guys savings is net of expenses--which includes totality of welfare package.
$15k is entirely for luxury as he deems fit

On welfare expansion example:
The Naija guy has no business complaining about MTN data lag and poor upload and download quality. He should buy starlink and fibre cables and put in his house to be at par in life- quality with his $15k counterpart.
be able to stream matches during his busy schedules if he's a football fan by paying any premium cost required like his American counterpart who has several free port and channels to do so.


Same goes for other basics and daily life activities. He should account for them entirely from his earnings so that they are at equal par in quality- of-life.

Then we can now compare who has more finance left for luxury.

chimex38:
$15k can give you decent economic comfort, access to amenities and welfare and quality standard of living. One can fund such basics with average monthly earnings from the $15k. Worst case slight borrowing without trying to break the bank(steal,etc)

20m cant give you such standard economic benefit. You will have to keep finding ways to keep earning 20m every now-and-then to both own and maintain-your own economic benefits and welfare packages to level up on same standard of living because even the average monthly earnings from the 20m won't be enough to both maintain and buy your personal welfare packages....
leading to HBP, stealing, cut-corners, etc...

Summary is, 20m looks reasonable in the short-run but not sustainable in the long-run cuz
1) reduced purchasing power
2) 20m earnings might not be sustainable. Might just be a one-off hit for the average earner in Nigeria.

Let me use this scenario,
I "bet" out of the 100% of citizens who have been able to afford solar panels in their homes since 2015, only probably about 10-20% have been able to both maintain and replace their equipments where applicable to its full capacity in the last 10yrs.

Most have scaled down their capacity including businesses not to mention personal installations.

Probably less than 1% have been able to expand their initial installation capacity and it's mostly businesses not personal welfare use.

(My stats are made-up though based on those I see)


But the $15k foreign earners , just pay a token from their earning and are guaranteed houses via mortgages, steady light, water, insurance, health, etc.