Eastlink:
A pleasure to have you. So can you prove your arguments with fact? How is the South East Biafrally political? If such words exist. Perhaps has any Igbo President tribalised or religionized government appointment before compared to what Buhari did and what Tinubu is currently doing? Even Aguiyi Ironsi despite his short military rule never did such a thing.

Among the three major tribes, who do you think is truly nationalistic in words, deeds and attribute? Tinubu is President, are you proud of his major tribal appointment thus far in a multi-ethnic and multi-religious country as ours?

I am not Yoruba. However, all Aguiyi Ironsi's appointed advisers were Igbos, e.g. Nwabueze, Pius Nwokedi, etc. And mind you that he purposely Igbonized it because he knew that his decision to dismantle federalism in pursuit of Igbo domination agenda would not see the light of the day if put to vote through a pan-Nigerian pool of advisers.

Ades1:




Oga mi, most people invested in Oando are not invested because of of Fundamental Analysis(FA), Or Sentimental Analysis(SA) for that matter. Most people are in because of Commonsense Analysis(CA).

I got in N4.40 when the N7 buyout was announced, at that time, N2 gain was my target, as soon as Jagaban was announced as the president elect, I bought a ton more at N4.80 because we all know how things work in this country! Anyways, today, I sold about 30% of my holdings to recoup my investment! You see that 70% left? It is on AutoPilot until something drastic happens. Yes, there is massive risk in Oando, but as long as Jagaban family dey in control, I am in this bus till we get accident!

Irony1:


Bros stop being evasive. The civil service has always been structured into two federal or regional civil service. The consolidation happened in the federal civil service and he allowed the regional governors to control he regional civil service. [i]The problem the northerners had with this is that the movement from state to federal civil service will keep them at a disadvantage because they cannot compete with their fellow southern counterparts. [/i]Ironsi didn't kill true federalism stop trying to play coy in this argument you are not making sense

The very essence of decentralizing the civil service through the McPherson's constitution in the first instance was to promote healthy competition which is different from unhealthy rivalry that the centralized system in force prior to that time caused. Northerners were not afraid of healthy competition but unhealthy rivalry which they and indeed every sincere Nigerian knew would befall the country through a centralized system and lead to tribalism, corruption, unaccountable government at the center, the existence of cabal and power brokers, and all the Ills which have befallen Nigeria ever since Ironsi led the military to misadventure into politics.
You say that Northerners were afraid of competing with Southerners under a unified civil service? I laugh! Is it the Northerners that are complaining of social injustice today under this very centralized system or you Igbos who assumed you would be the champions of the game if it became so? A fair competition is where each competitor is allowed to use her own endowments and skills without any one else dictating to him. So how did a centralized civil service subject to the whims and caprices of one person at the center amount to an atmosphere of fair competition?
And if anything, it was even you Igbos that were actually afraid of healthy competition in the sense that:
1. For being the tribe most scattered already over every other region, true federalism by its nature was going to put checks and balances on your excesses. For example under true federalism, a person resident in a state or region other than his will not be granted certain privileges, like children's scholarships, housing allowances, subsidizes on personal effects, tax rebates, etc, which the natives of that state or region enjoy until after some years that the non indigene is approved as qualified to enjoy same. This was why Igbos hated federalism as it curtailed them from their natural tendency to drag other regions' resource and land with the indigenes. That also explains why Azikiwe was preaching one Nigeria and a fraudulent nationalism with which he inspired Ironsi and co to destroy the federalism.

Irony1:


Ironsi didn't kill true federalism. He only made the instruments of authority similar to a command structure of the Army. But he never interfered with the instrument of federalism in Nigeria unlike what Gowon did.

The central instrument of federalism is the civil service, and you yourself confessed that Ironsi altered the civil service structure. So what other evidence or fact do you need to know that it was Ironsi that killed true federalism in Nigeria?

Irony1:


Ironsi didn't kill true federalism. He only made the instruments of authority similar to a command structure of the Army. But he never interfered with the instrument of federalism in Nigeria unlike what Gowon did.

It is not impossible for the army to govern without a centralized structure. Ironsi did it from January 17 till May 24 when he operated a Federal Military Government as he himself acknowledged in his May 24 national broadcast. The problem started when he announced in the same broadcast that he was no longer able to continue running a Federal military government hence was by Decree 34 changing to a National Military Government.
The question now is, if he was able to run a Federal Military Government from January 17 to May 24 (4 months and 7 days) then who says military government can only be run through a centralized system?
If we are to accept that military government can't be run without centralization of powers and revenue sources, then why did Ojukwu, an army officer,propose to Gowon a very decentralized system at Aburi? Wasn't he aware that Gowon's government was a military one which, by your, argument could only thrive on centralization as Ironsi did in his time? Why cry betrayal and victimization when Gowon reneged on Aburi Accord knowing fully well that, as someone running a military government, he could not afford to accept such proposal going by the same argument you are using to justify Ironsi's centralized structure as a military ruler?

yMcy56:

Well, I think ETERNA is approaching the bottom, so if he/she is not a trader, s/he may just have to exercise some more patience...........whatever has not made her to sell till now.
Just my opinion sir.

Okay.

Adinije:
I will rather wait. I have other funds I can trade with. Thanks for your input tho

Uwc

Adinije:
What is the fair value for eterna pls? The way it dipped was scary. Mine is sitting at -53%

Rather than wait eternally for Eterna's recovery back to your entry price which may take too long for you to bear and wait out, why not sell off, do your research on another which will very likely give you some of the recovery in at most medium term time frame? Based on the analyses here by the renowned experts, such potential recovery stock is not difficult to pinpoint. It is not too good waiting in one stock for too long on NSE. The final decision is yours anyway.

Irony1:


Dude it is not about trouble with engaging an igbo man in a debate, you are not comfortable with the fact that certain accusations which you feel are not to contested are being contested with facts . There is not emotion there, you stated that Ojukwu didn't attend Zik's burial that was because your intention was clearly to lend credence to your statement that an enemy can mediate in an issue. But you failed to realise that Ojukwu had reasons which you and i do not know and no one has ever even in his family said anything contrary about it.

Ojukwu had no personal grudges with Zik. You are just using sophistory to save face. If he had such grudges, then why are you finding it difficult to state it here?

You are contesting my accusations with emotional outbursts only and not facts.

Irony1:


Please can you define what is a region? Are they not a group of provinces. and Ironsi only stated that they would report to him as head of state, but they still had autonomy in carrying out the day to day running of their regions. Please what was different there? also note the only thing Ironsi did was to collapse the Civil service and the Regional Hierarchy to a central command like structure similar to the military(i see nothing bad there) to make it easier for him. The revenue systems were still intact. so quit being half clever. It was Gowon and not Ironsi that is to blame for the splitting of the regions to states

Let me even agree with you hypothetically that regions are same as groups of provinces hence Ironsi's groups of provinces equated to regions back then. In the same vein we can argue that the presence of six regions now (SS, SE, SW, NC, NE and NW) currently in Nigeria automatically means we are practicing regional system and resource control. If that were to be, then why are people including you now asking for a return to regional system when we already have six regions presently? Definitely you would answer that we don't practice regional system because the regions we presently have are not legal entities and have no constitutional recognition. That was exactly the situation under Ironsi. The regions or quasi regions he had in place were not legal entities and he himself said in his own decree (military constitution) that he didn't recognize them.

The argument that Ironsi only unified the civil service even proves more than anything else that Ironsi actually killed true federalism in Nigeria. If you go back to your SS 2 Government textbook and open to the chapter which dwells on Civil Service as a topic, you will see it written there that the civil service is the engine room of any government hence the only legal entity by which any tier of government functions and performs it duties of generating revenue, collecting taxes, paying salaries, sponsoring projects etc. Now, if as a military head of state you unify the regional civil services into one under the government at the center, then you have automatically stripped the regions of their powers to function, generate revenue, collect taxes, tap her resources, etc thus killing resource control and true federalism. Would civil servants under a unified civil service generate revenue and remit them to the regional governors? So by unifying the civil service Ironsi killed regional autonomy and true federalism.

Irony1:


That is a big lie. Zik and Ojukwu is not the issue here and again did Ojukwu speak ill about Zik when he died? Stop dancing everywhere and dodging. If truly Awo loathed Zik and vice versa, why would Awo invite Zik to settle the rift between him and Deji of Akure. Look if i have a valid case against someone i cannot invite my enemy to be the arbiter of the case knowing fully well that any issues i have will please my enemy. Stop this games you are not smart as you think.

The bolded are the reasons many people don't like engaging the average Igbo man in a debate. These are innuendos and adhominem attacks which don't make your case but actually prove you to be the wrong person in the eyes of an unbiased umpire. Why not just make your argument with facts and logic rather than all these which are sure to degenerate the thread into a spree of insults should your opponent decide to give it back to you in the same coin? Is it that you Igbos can't engage decently without emotions? That said, your defenses on the issue of whether an enemy can be invited to settle rifts shows that you still have a lot of work to do in understanding the laws of power and also in understanding that the enmity between Awolowo and Zik was not personal but political and ideological. Same with that between Ojukwu and Zik.

Mind you that I said Ojukwu didn't attend Zik's funeral. I don't know how you interpreted that to mean me saying that Ojukwu spoke I'll of Zik. Read it all over again.

Irony1:


guy can you stop being a liar and have conscience. Please were the regions not intact when decree 34 was promulgated? and again the decree 8 from Gowon was a civil war strategy it was never meant for unity. That is whY Gowon in recent years said the creation of states created more division than unity.

Please for once in this your miserable life stop lying. another lie again from you is that the coup was to prevent the COR region, na wahh oooooo the way you people lie in this forum is really shocking, when there was never any referendum from Balewa administration like the one that led to midwest creation. haaa make una fear God and stop this ethnic baiting it is a crime and you will be arrested for this.

Decree 34 of Ironsi abrogated the regions and changed them to groups of provinces which were now reporting to Ironsi who had made himself the maximum ruler like Adolf Hitler unlike during the actual regional system when the regional premiers were not reporting to Balewa at the center but enjoyed autonomy and did their things their own way by making their own laws and policies. Show me a policy or law which any of those groups of provinces made entirely on its own during Ironsi's time as head of state. I am waiting.

Irony1:


I didn't use any sophistry and stop trying to be clever by half, these are facts let us stop all these games. The same Zik you people claimed hated Awolowo was the one who settled the rift Awolowo had with the Deji of Akure then.

I can hate you and settle a rift between you and someone else if that will afford me the opportunity to destroy you. One of the laws of power says, bring your friends close and your enemies closer.

If Zik was so good and reasonable, then why did Ojukwu hate him that he didn't attend Zik's funeral which was being held in Onitsha which was just few kilometers away from him in Nnewi but he didn't mind travelling thousands of kilometers to Ikenne to attend the burial of the same Awolowo you term a demon and even eulogized him as the best president Nigeria never had?

Irony1:


You see why I said you have no sense. Never was there anytime Zik made a deal with the North for presidency. Note that after the parliamentary elections there was no clear Majority between the parties. NPC was first NCNC was second and AG was third. But the law stated that a coalition would ensure majority and appoint prime minister. Sardauna told the British that any coalition between the parties in the south would make the North not be interested in power. Mind you in the Lancaster agreement that all the so called founding fathers Awo inclusive signed with the British it stated that as a precondition for independence, all the borders of colonial Nigeria must not be drawn in anyway that was why the anti secession clause was written.
Back to the elections, the British fearing that the north will not join and being weary of losing the north to the French colonies, stated that a majority government can only be formed by a coalition between NPC and any of the parties in the south. The irony is that AG through Akintola at the behest of Awo wanted to secretly push for a coalition with NPC.
It was Sardauna himself that called Zik while Zik was in Asaba meeting with Awo, that AG were with him discussing coalition(tell me who was the greedy one here). Zik sensing the game now agreed to the coalition with NPC and infact the British never wanted AG in that coalition.
Go and read the book the "End of an empire" you will see declassified colonial documents on the Nigeria's elections and independence.
You see these propaganda games from you no dey work. Try and have sense or you will be arrested for ethnic baiting.

Per the first bolded, it is an incomplete statement hence doesn't convey any explanation. It therefore seems more like a way to use sophistry to cleverly dodge the question.
Per the second bolded, Akintola never had the blessing of Awolowo for that trip to Ahmadu Bello in Kaduna. The truth is that even three years before Independence, the about-to- depart colonial overlords had already set up a shadow indigenous government over which they made the same Balewa the head and gave Akintola a ministerial portfolio under Balewa. In essence therefore, Akintola was before Independence already been used to being in alliance with the North and had had the taste of the filthy lucre of power and for fear that subjecting himself to the Awolowo-invented egalitarian idealogy of the larger AG would cost him the filthy lucre, he had to play smart by quickly taking his own faction out of AG to go and negotiate that deal with Ahmadu Bello. All the events which later happened and culminated in Operation Wetie proved clearly that the rivalry between Akintola and Awolowo was founded on their disagreement about alliance with the North with Akintola in favour of it and Awolowo against it.
Zik himself would later make clear in his interviews that his choice of NPC was because he felt that an alliance cutting across North and South was better for his 'One Nigeria' self delusion. More evidence was the fact that Zik's NCNC went into the 1959 election in coalition with the NEPU (another core North party).
Awolowo on the other hand went into the 1959 election in coalition with UMBC (the Middle Belt party) which had progressive ideology too. In essence Zik always had a gravitational pull towards the North in his delusional quest for a
fraudulent one-Nigeria and was definitely going to accept an NPC- NCNC alliance proposal over any other one regardless of how ideologically promising that other one might be. Recall that in one of the proceedings in the Federal Parliament in 1954, Zik publicly declared that he and his fellow Igbos of the Southeast would sacrifice anything and not even mind paying the ultimate price (i.e. death) to keep Nigeria one and ensure that the North remains in it against all odds. And it would later actually so happen as millions of innocent Igbo lives were sacrificed by Northern soldiers to keep Nigeria in existence while Zik looked the other way.

PortHarcourtcit:
pityobi is sephere pains... God less the people of one Nigeria 🇳🇬❤️🇳🇬

Azikiwe's and Ironsi's one Nigeria.

newreality:
Please I already have a CHN & CSCS Account, how do I go about opening a CSCS online account??

You can send a mail to CSCS asking for your statement. They will reply you and give you a First Bank account into which you will pay a fee of N1,000 and send your proof of payment as an attachment to your reply email. Once they receive the proof of payment reply, you will receive your CSCS statement in your inbox in question of minutes thereafter.

Mcy56:
UBA
Profit takers activities.......
Opened on full bid @16.65........

That's one thing with banking stocks, if it were to be other sector, the full bid would have lasted for at least 3 days to a week.......
But UBA is still going up anyway.........when they're done taking profits, they'll start jumping back in....
I think anyone in UBA should not join them to sell, you may end up picking it higher again....

You just took it out of my mouth. Generally, banking stocks don't do 10, 10% for more than two days no matter how fantastic the result or any other reason behind it could be. I think it is because of their generally large OS. Only Unity Bank seems to have been an exemption most likely due to it relatively low OS post reconstruction. If the fantastic results posted by UBA had been for a non-banking sector stock with very small OS, the daily 10% galloping would have been a frenzied one ever since.

phoinix:


LOL, it weakens me, o. This long-term investing can be a painful endeavor when you watch your portfolio bleed money in these Tinubu times. Yesterday alone, the combined movement of Zenith and Dangsugar subtracted money that was enough to buy a small tokunbo car.

I personally view long terming on NSE as risky based on my 20 year experience on NSE. Sometimes you could do long term in a particular company thinking that with the figures you see in its books it is fundamentally sound hence you are safe and can therefore go and sleep only for you to wake up to the rude shock that the price has plummeted to such an extent that your capital is almost entirely gone.

leparj:


Na so.
There was a time I always felt someone was watching me. As soon as I bought, the price will fall
If u go long term, such changes don't matter.

Kreos44:
Making money in this market is not for the faint hearted. I waited for pull back in Dangote sugar from the time it was 45ish so i can buy more units, it didn't happen. I finally gave in on Friday and bought at N64. See price now.

Sad but funny.

vacanci:


This Zenith is what i do not understand. profit doubled and dumping increased.
This defies both fundamental and technical.
Is this the example of Nigeria stock exchange has a mind of its own?

A very interesting irony which the fundamentalists (permit me to use it that way) have not been able to explain here for years.

SugarSpill:


There's no lesson here. The deputy never sold any brother. What he did at that time was the right call. What's happening to him now has nothing to do with nemesis or karma. He's just a victim of circumstance. Obaseki cannot support him to be govr since that will be grave injustice against Esan land (Edo central). Shuabu is from Edo North where Adams who did 8 years before Obaseki came from. Edo South is presently serving her turn through Obaseki. So it's the turn of Edo central.

If it were really turn by turn, how come Edo South had it through Oyegun, had it again through Lucky Igbinedion, then Edo North followed through Oshiomhole and then it went back to Edo South again through Obaseki? Where was Edo Central all this while?

Parachoko:
See, know this and have peace of mind

The South South won't vote massively for Atiku. Go and check the useless scores Jonathan was having in the North East and North West.

All the talk of betraying by Tinubu does not hold any water for me

Is just a dumb talk for me

Tinubu and Jonathan were never in the same party, only people with low IQ keeps on talking about Tinubu betraying Jonathan.

The voting results are there for everybody to see. Jonathan lost in the North East and North West in 2011 and 2015

Atiku left Jonathan in 2011 after losing the primary, instead of him to work with Jonathan. Is Atiku not a member of APC in 2015?

So why should I vote Atiku?

We go shock you Atiku supporters in 2023.

That guy's predictions all failed flat. He was too full of emotions of the pain of Jonathan's 2015 self inflicted downfall and he assumed every SSener shared his revenge sentiment.

Parachoko:
Since I got to Nairaland, only Ibos do talk about betrayal up and down

And no one have shown me how Jonathan was betrayed by Tinubu in 2015.

Well, you can cry all you want online, if Atiku gets the ticket, let them say bye bye to the votes from the South South.

The results came out exactly as you predicted. That guy you quoted was just being emotional and averse to reality. He was looking at only the side of the coin which seemed to sit well with his wish. Now we hope he is bold enough to come out and accept that his analysis was half-baked.

sotall:


Sorry i never mentioned the south not voting APC. You manufactured that from your brain.

I told you the South south will vote Atiku like she did in 2019.

Yes ...the experience of betrayal is very fresh. Especially against the person that orchestrated the betrayal. The rejection will be massive.
Take that home.

Mr. Man, how market today? You were all over here last year pontificating on accuracy of knowledge of how the SS will vote massively for Atiku to the massive rejection of Tinubu. But going by how the election ended, Tinubu even scored higher than Atiku. You were told here that the Edo State 2020 guber outcome was a case of effective and successful play on the emotions of the gullible slim majority of the state's electorate hence shouldn't be used as a reference point but you neither agreed not disprove it with superior facts or logic. See how Obaseki's very PDP in that very Edo came a distant third position in that election? People later got to understand in Edo that they were fooled by the Edo no be Lagos cliche, and you know Edo people get passionately pained if they realize they were fooled hence they go to the extreme in reprisal.
Did Atiku end up winning massively in the SS as you authoritatively predicted here?

megawealth01:
Una no buy am when it was on offer but na during full bid una go come out... Kwantinue

Those who seek to buy a stock during full bid are the nicest people in the stock market because it is them who help to sustain the rally and prolong the daily 10% gain to the profit of those who entered before the full bid started. Don't discourage them please.

megawealth01:
Una no buy am when it was on offer but na during full bid una go come out... Kwantinue

Those who seek to buy a stock during full bid are the nicest people in the stock market because it is them who help to sustain the bid and prolong the daily 10% gain to the profit of those who entered before the full bid started. Don't discourage them please.

smartoskie:


I'm really surprised the 25kobo interim dividend didn't move Fidelity shares as expected

Usually banks' stocks don't respond immediately to fantastic results and mouthwatering dividends. So don't expect Fidelity to start making 10% daily just after this result and interim dividend. It will happen gradually but not in a smooth upward curve.

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

Seems you are being conservative. By same ratio Seplat will sell for close to N1m

chimex38:


₦500!!
Fear God nah

Heishere:


Too much imagination. You will learn.

His seems to be the case of a toad in water being heated. As far as NSE is concerned the toad always ends up jumping out of the water after being seriously scalded and injured.

megawealth01:
Una don start

You can check back. I have always expressed my lack of confidence in these two stocks since 2018 on this very thread.