₦airaland Forum

alezzy13:
Am not talking recent rates. Few months back it dropped single digit, as low as 6-7% if not mistaken (ie 360 days)

So I just lost interest and stopped & following. Didn't know it had risen again to as high as 13%

Ok.
No indication earlier.
Hence, didnt know the context you were coming from.

Noted.

Chetas81:
WHEN THE NIGERIAN CITIZEN WOULD ALSO INVITE FOREIGNERS TO DO THE SAME THING, HERE IN NIGERIA

Foreigners participate in our Okpekpe Mountain Race in Edo.

Also our yearly Calabar Canival
attracts Foreigners

ernie4life:
25k per quarter.

Danke Sehr

Please house,
Is a 10% average yield on a 1Million Mutual Fund capital per quarter or per annum?
Like:
100k payment each quarter of the yr?
OR
25K payment each quarter of the yr?

alezzy13:
Wow. Didn't know it had gone up again. That's great 👍

Up or down?
From 5% to 4%
From 8% to 7%
From 13.97% to 12.55%

ericxy:
Please can you provide me with an email to reach you on ? It’s quite important

Message him through auto-generared mail from his nairaland profile and he can decide to get back to you.

mikeapollo:
You should know it was an error; price cannot increase from N500 to N100
I meant to type ''N50-N100''

Ok..Typo error.

Probably caught up in the
OandO euphoria on this forum hence didnt notice...

mikeapollo:
Please take note: I wanted to type N50-N100

Noted.

Mpeace:
If oando sell for 500, seplat will go for 25,000

Lol..

mikeapollo:
If you have the money, buy as much of Oando as you can.
But you have to be patient until at least next year. The gain will be massive when they declare their results for FY2023
Oando has had some governance challenges in the last 10 years or so in the board room (management/shareholders), SEC troubles, forex losses and interest on loans etc. that affected their performance in the past.
They seemed to have turned the corner with the declaration of profits in FY2021 and acquisition of ENI/NAOC which could be a gamechanger. Also, a look at the share prices of its peers on the NSE....that should tell you that OANDO can potentially sell between N500-100 in the next few months, especially when the buyout offer is rejected at the AGM ordered by the court.

₦500!!
Fear God nah

falcon01:
OK its nothing serious though but let me put it this way, you can flog me with wires or even cut me the first hit is very painful the second hit is also painful but not as the first and the third not as the second then in your mind you disconnect from your body, there is this rush you feel you can feel this chemical taste in you mouth flowing from your head through spine to your nose to the ridge of your mouth and you feel a certain urge to cough its not that you won't feel the pain but it kind of feels normal at some point it starts feeling good. Now I'm not saying its thesame as burning yourself but what I'm saying is some certain pain can be ignored or enjoyed.

Weird..but i get you..

I have also seen some one and few others, bring down hot cooking pot from fire with bare hands..
A pot cooking for almost 2hrs or more sef!
Kind of heat resistant folks..

falcon01:
self control
I too can control myself over certain pain.

How?
Whats the thought and mind processing?
Come teach me..

In another perspective on the merger document
The statement "new ordinary shares of DSR" in both cases,
emphasis on "new"

This signifies DSR has swallowed the shares of the others and now the King Cobra 100%.

phoinix:
Not the same thing. If I had 100,000 units of sugar before restructuring, my new sugar will be 69,900 units. My units will be diluted, but the listing price of 100 naira will boost the value of each stock above what it is right now.

Hmmm..
tend to agree with you somewhat.

since they officially called it a merger..

Integration of others will naturally dillute ones controlling share

Otherwise its outright buyout.
DSR buying out two other companies..

ucheson2:
In summary, DSR will acquire NASCON & DRL, then change its name to DANGOTE FOODS.

Fixed for now, until officially stated otherwise!!!

unite4real:
The lateness is for 2022 FY and 2023 Q1 not the 2023Q2 report which they issued statements concerning the delay

Ok..
Thanks for the observation and correction 👍

If They issued statement to support late submission, why still fine them?

Fines Galore...
https://punchng.com/banks-18-others-fined-n125m-for-late-filings/

Streetinvestor2:
I guess it was oga Emma that drew the first attention as per the value in it to me.And he did post extensive work done about it.Oga current collobrated. The custom Street did the final nailing. You all did this forum a great service....21 salute

Fixed!!

abuhusna1:
Public transport business will boom over increase in fuel prices.

Word.
True..
People no longer driving themselves even for nearby interstate movements..

ABC TRANSPORT
3 consecutive days on over 9%..
Whats popping in house?

Eterna People, CEO is talking
https://punchng.com/forex-scarcity-has-made-business-unprofitable-eterna-ceo-nwaezeigwe/

GreatEko:
The title is misleading. It should be read as Ahmed Fahan, a social justice advocate, wrote an open petition to President Tinubu against Dangote.

Lol..
U know reporters, they know say the marketing is in the headings

Wahala dey like Bicycle..
But same FG has a 20% abi na 30% stake in the refinery
https://politicsnigeria.com/breaking-tinubu-receives-petition-against-dangote-over-3-4-billion-siphoned-through-cbn/

yMcy56:
Oga Customs check well......
The result was released and dumping started down to 24.40/24.60 before it reversed mainly due to the merger news.
I can remember full offer @27.20 or so, the following day, it went further down. I picked small @27, 25, and hoping to be picking down the lane.....but the news came 2 days later, then it made U-turn up....

Result released on 30th July...
Merger news came on 1st Aug..

I can remember you hinted us before result was released anyway. The hint and insider activities took it to above 30 before result came. You tried sir.

Heard of Merger before the result though .
Remember I referred you to the speculations done mid-July betwn Customstreet and Pa Emma way before 2nd Quarter released results...

Maybe you are referring to the official notifications on Ngx by each merger company..

No going back on subsidy removal..
https://www.vanguardngr.com/2023/08/well-maintain-petrol-price-without-subsidy-reversal-tinubu-2/

kolaish:
I beg to disagree though. The outright removal of subsidy was a big mistake from the present government. The government was just too much in a haste and messed it up. Subsidy removal without local refining to reduce the cost of AGO and PMS is a blunder. The presidency should have partnered with Dangote Refinery to resolve the issue before taking that decision. Think of the colossal loss caused by the high cost of diesel for the manufacturing sector, viz-a-viz the high cost of transportation caused by removal of subsidy on PMS on the cost of living of the people. If the government is not careful in reducing the effect of subsidy on the populace, then they are sitting on a time bomb.

Remember what sparked and started the arab spring; Mohammed Bouazizi burnt himself in Tunisia and boom, all the arab nations were on rampage. Nigerians are just waiting for a spark and then......

It seems you have forgotten how the endsars movement crippled the economy. Don't ever under estimate what the people can do.

Not really a mistake to me...
They needed to test reality..
See outcomes for themselves, both loopholes and actual price of products as someone said above..
All these while before subsidy removal, it's just projection of prices by experts in various sectors and probably over bloated payments of subsidies in some sectors..now reality has shown where it's been too much and where it's been too little.

If they go back, there should be major fixes.

Federal University intervention is gone with students loan in place, etc.
Subsidy payment won't be that much I believe and streamlined to few essentials.

Otherwise as @Agbalowomeri said..
It's finished!!

Workch:
I don't think that engagement is constructive.
It will never make any sense to me that Nigeria cannot pay more than 30k minimum wage

It's constructive from my end..
He used facts without calling out any politicians or insulting names or any form of bias.. Simply known facts he used ..
You only had to show or indicate your fact or reasons are more superior than his..


Caveat: I also don't agree with him that our population is a yard stick why we can't pay more than #30k minimum wage-(Quantity)
Nigeria can pay much more than twice if we cut loopholes..

Though I tend to align that population is a strong contributing factor in Quality delivery and sustenance of Dividends of Democracy in Nigeria..

VeeVeeMyLuv:
My dear you won't understand, things are getting worse. People no longer move about because they can no longer afford the most basic needs such as Transport fare, transporters hardly see customers these days, in all these, earnings remains the same.

If they can't move about, how can productivity be facilitated? How can they go to farms? Won't there be food insecurity?

Ooh Oh, I now get.. These are justifying reasons why he he has to haul insults, even when called to order, if it was unintentional and out of frustration at first.


Hope u will also understand if I call you names as well?
It's cuz of those reasons you mentioned

Workch:
Whose fault is it if we are Broke? Stop defending polticians dude.
You sound sick

You are not sounding like someone without a thinking cap. We got us broke? Me or the politicians?

There's no excuse for these crazy polticians. They are ruining us

Somepeople deemed ur post worthy of engagement and trying to argue constructively.. Even if it's in disagreement to yours.. That's the beauty of forums and discussions..
And your insulting every person under your very own post?...

For FBN shareholders..
Wahala everywhere.

https://www.thisdaylive.com/index.php/2023/08/14/shareholders-accuse-otudeko-of-using-court-to-stop-fbn-holdings-agm

yet again