MostImportant:


Google monopoly. That is your answer.

Facebook, Microsoft, Intels, the trio of MTNN, Glo and AirtelNGN are also monopolistic in nature si I guess their owners and CEOs are also evil or yiy want Dangote to be doing giveaway because he is rich.

MostImportant:
One of the people that have destroyed this country to the present state it is today because of personal and selfish gains.

How exactly did he destroy the country?

Is he a politician? Is he responsible for the insecurity crisis in the country? IS he stealing money from government? Is he importing substandard good like your igbo brothers into the country? Is he a yahoo boy? Is he part of the people blowing up pipelines in the Niger Delta? Pleasw explain how and what he has done?

Dont let your ethnic bigotry take control of your life.

If it is Bill Gates or Jeff Bezos or Elon Musk that is celebrating, you would be showering praises on them despite the fact that they have not impacted you in any way.

Mental slavery is real and the worst

idinaija:
which distributors and middle!!! Is Dangote himself not aware of the price at which is cement is sold at the market ? This is something he end easily put an end. But no, Greedy man, Wan take over the whole market for Nigeria.

Oga we are in a capitalist economy where production and distribution are privately or corporately owned. Operations are funded by profits and not controlled by a state government.

This is the reason there is price variation for the same goods in different locations

For e.g a barber will charge 200 naira for haircut in one place while another will charge 5 times this amount for the same haircut in another location

And you can also go and buy directly from his factory.

Tribal bigot. If it was an igbo man now you will be screaming business savvy etc but because its another tribe yiu are doing otherwise

KingAzubuike:
This man too stingy.. he no dey ever do give away . Even me with my little capacity, I give alot to the needy but dangote, even people who have worked with him confirmed he's a very stingy man. He finds it difficult for him to even drop 1k make you use buy fuel.

Nigerians and their freebie mentality.

He is the largest employer of labour in the private sector and the largest singleNigerian donor to NGO causes and alot of his workers are millionaires with several people depending on them and this is just direct employment alone.

One question though, does Jeff, Bill or Elon go giveaway

pennyland:
Am not wishing you Happy, because you didnt make Nigerians Happy in the first place, please How much is bag of cement in the market?in my village is being sold @ 3900 ehh,just milking Nigeria's because the country has lost control

He is not responsible for the soaring price of cement.

Talk to the distributors and middle men that are profiteering out of the business

sagitariusbaby:
Happy birthday to the wicked rich man who wants to make more Nigerians homeless because of his sheer greed and monopoly. God will judge him.

How exactly is he making Nigerians homeless.

He runs s business and is answerable to shareholdersor you people expect him to to be giving you his products free because he is a rich man.

God bless Nigeria and Aliko Dangote

Someone7:


Don't put words in my mouth Oga. If you no wan understand simple English that's your problem.

Typical NGN mentality....get rich quick with a gambler type and short cut mentality

The online trading apps should register with the regulatory body as Broker dealers or capital market operators. QeD

ChybuzzDD:


We're talking about investments in foreign stocks, you illiterate, not ponzi schemes!
Can't you guys read and understand for once??

I responded to a particular comment implying that my revert was directed specifically to the thoughts and opinion of the writer not minding the original post. If I had done otherwise by starting a new post then ita a different thing entirely

Please tell me who the illiterate is here?

Someone7:


Bro don't get your panties in a bunch. Not every investment or trading platform is a Ponzi scheme. I'm not trying to justify their actions either. I'm just saying with this administration's appalling Ease of Doing Business and corruption record, not every start up will go to the regulators to get registered.

Proverbs 29:20

So you don't want business and start ups to register yet when they go bust, y'all still go ahead and blame the govt. I tire for una.

Oluolad86:


I think there is no side effects. Take it to safe your job or you know the best option

No leave her to take up a legal suit and see how far it will go.

She wants to suit her employer hoping that the same govt that is pro vaccine alongside her employer will support her anti vaccine stance

Aderupoko2:
SEC and their backward thinking. When you won't list all quoted companies online or launch an app for Nigerians to trade in Nigerian Stocks. You still use Stockbrokers and moribund clearing house methods.
The youths are tired of this paper and analogue thinking.

For clarity, the announcement is for trading in foreign stocks and not for NSE traded transactions and yes alot of the local stock brokers have trading apps where you can fund your accounts directly and trade remotely

studentofTruth:


It's a pity that some people think that the NSEC is addressing Ponzi scheme platforms with this statement.

Actually, in this statement, NSEC is attacking the likes of Trove, Bamboo, and Chaka, which are platforms one can use to invest in foreign stocks from Nigeria.

It seems these big boys that have rendered the NSE a pump and dump exchange are pressuring NSEC to prevent Nigerians from investing in foreign stocks so that they will have no option than to bring their money to the NSE, offering them more money for their schemes. They have noticed that Nigerians are leaving their fraud-laden NSE for them.


You see why I need to leave this country that is always trying to cage us.

While I think that the SEC pronouncement is ill-timed, I will also have to disagree with your comment.

Not everything should be drawn along the lines of tribal sentiment or me vs them or we against the government/ruling class trajectory.

The SEC has the primary duty to regulate the capital market and by so have every right to use the power in the Investment and Securities Act to act in this regard.

For record, the era of pump and dump expired over 10-15 years ago on the NSE, secondly the NSE is mainly driven by activities of institutional investors and I can tell you for free that they prefer it that way for liquidity and control of ownership.

Finally, even the foreign markets that we are all praising are fraught with fraud at even mind boggling levels.

Go and read up on Gamestop and Bill Hwang of Arhegos Capital.

ezef2k4:
Chaka, Trove and Bamboo are CSCS certified for stocks listed in the NSE and they have foreign trade partners duly licensed for trade in foreign stocks. I do hope SEC backs down on this. Why is this country hell bent on producing poor citizens.
#sighs#

A quick response from Bamboo is attached.

Point of correction, the trio of Trove, Chaka and Bamboo are not licensed capital market operators (CMO) and only act as intermediaries. This is why your NGN stock purchases are routed though a duly licensed stock broker and they charge you a fee for using their platform and share commission with their partners when you trade.

For ease of simple analysis, they are like the ubiquitous POS agents we see all around that carry out banking transactions on behalf of banks for a fee but are not duly licensed.

I think this will create an opportunity to even review the archaic SEC law to reflect the developments in the capital market.

Mrquote:

Am telling you, most people here don't read.

Yes alot didn't read as the announcement is targeted at the online investment platforms that allows Nigerians to trade and invest in US, Nigerian, and Chinese stocks online from the comfort of their mobile device.

But also this presents a good opportunity to still create awareness about the online ponzi schemes too

Someone7:
This is a symptom of the wider unemployment issue in Nigeria under this clueless administration. People are literally trying to survive on their own. What do they expect?

How exactly are they trying to survive? By been greedy and putting their hard earned money in ponzi schemes where there is no underlying economic activity.

Somebody is promising you 35% ROI on a monthly basis with no economic activity and y'all jump on it. If it was that easy, they won't be online trying to scam people. Our short cut mentality is the really we keep running round in circles with no meaningful development.

Una never start. I hear somebody invested over 500m naira in one of the online schemes before it went bust, with the promise that they would be paid 40% ROI monthly and after 12 months, principal will be returned. That's a 480% ROI or
N2.4 billion naira return in 1 year and this does not include principal. There is absolutely no business that can generate that kind of return in this prevailing economy. PROVERBS 21:20

I rest my case

Elsueno:


NSE is an enigma, it doesn't work like other stock exchanges as in bad news or good news doesn't necessarily move the stock prices up or down.

Amazing ain't it

Less than 10 of the total listed stocks on the NSE account for over 90% of market liquidity with Dangote Cem, MTNN, GTB, Zenith, BUA Cement and AirtelNGN accounting for over 65% of market capitalization

Also, the free float for these afore mentioned stocks is less then 25% because the rest 75% are owned directly or indirectly by the founders and MD/CEOs of these companies or by Institutional Investors on a long term basis.

This structure already on its own is an anomaly and creates an imperfect market situation.

It is obvious from the comments here that alot don't read or are not abreast with relevant events in the country and just basically digest junk news daily.

I also pray that the tribal sentiments don't destroy us all.

Oscar still is the Head of the stock exchange

Y'all please go and read up the demutualisation of the NSE.

athaboi:
They will soon bring one mallam to scatter Nigeria Stock Exchange! Just watch who replaces him

Tribal sentiments will take us no where. Also try and keep abreast of events in the country .

NSE has just completed the process of demutualisation and has three operating entities namely NGX Limited, NGX REGCO and NGX RELCO all of which will report to a Holdco called NGX Limited and guess who the GCEO of NGX Limited is .......Oscar Onyema

Tendernessboy:
Useless government... I don't know why they keep abandoning Sango ota.. Assive z not part of ogun state.... And it generate more money for them

Governance is a continuous exercise and the previous governor left alot of projects in critical areas uncompleted.

And secondly the flooding problem around Sango Otta is not caused by lack of roads per say but your people incessantly dumping refuse and waste into the canals and drainage systems which in turn causes alot of blockage and flooding any time there is rain fall

The governor is trying is best!

bigfish3k:

Don't mind them
Thats how they have also been increasing nigeria population with mouth every six months without any mathematical evidence

I heard its now 210 million. Mtchew
I get irritated anytime I hear those figures

We are actually more than 210m. If you doubt me take a trip to some of the major cities in the country and reason the level of population growth herein over ten years

Fixey:
1 Million a day trip. Fabu. You guys still think we're in the era where people don't pay attention to details

It is not fabu sir that's the capacity they want to build. Its does not necessarily mean 1 million people will ply it.

Lets stop with all the negative sentiment for once and appreciate the effort.

Thank you

The sultry pictures is a huge NO NO for me.

While I don't mean to undermine her efforts and supposed achievements. I also feel that all that she is been praised for here is nothing new.

There are tons of people doing all of ground breaking work to lift people out of poverty pre and post C19. Same applies to the palliative bit of the escolades.

Let her do something seminal in her line of choosen work then she will get my praise. Otherwise I see this as another sponsored content by a social media and clout chasing Nigerian.

And Alex Reports signature all over it further waters down the entire debacle for me.

To be very honest, its their life. They are two consenting adults and frankly no body's business if they decide to date.

The Internet has become a platform for people to say all sorts and I mean people that can't and shouldn't even interact with in physical.

For all the ladies saying MC is below her class because he is an agbero, let me say this he is an agbero that sits on a 2-3 billion naira a month cash collection business. Let that sink in.

Secondly some of y'all screaming that he is rass are probably dating worse.

In a nut shell people should learn to mind their business

IamAtikulate:

Who made Yar'Adua president and how many times did Bihari contest the election before Southerners helped him.

Yes Buhari contested severally before winning but guess what y'all should have channelled the same energy and resources used for the Buhari victory to put a Southerner in Aso Rock.

Think about it

Redcrafton:


Dear Southerner!

Effectively, you are saying that the north can win presidential election without the south?

Forget about what is happening now.

It has never happened in Nigeria before, where all the arms of government in controlled by one region and religion.

Dear nairalander,

Yes this is what I mean without mincing words but also a clarion call for us southerners to wake up and smell the coffee.

What do y'all think the NIN SIM card registration process is for? Don't be surprised that the govt can this to disenfranchise voters in 2023 and as usual, instead for people (opps! southerners) to link same, y'all ranting on social media like the people that pull the strings and control resources in the country are on socail media and will read your rants.

While y'all all sleeping they have crafted their playbook and already running with it

Finally to the app......it is not compulsory that you must all like it and ironically again social media had become an emerging phenomenon and is gaining momentum in the North where they have first mover advantage with population so,if his northern people like the app....he will be fine.

The danger of a single story. I suggest y'all take a trip to the north, to see and immerse in their culture esp for those who think and feel life begins and ends on nairaland and in lagos state.

Cheers!

IamAtikulate:

The same way Southerner made them president.

A Southerner made Yar'Adua president, southerners made Buhari president and southerners made both OBJ and GEJ presidents.

Southerners are holding this country together. Don't push your luck.

Which southerners made the North president? Check your facts. Even the swing states in the south had to depend on critical votes in the North to become swing states rhetorically.

The igbos are permanently divided and can't agree on a consensus candidate for any presidential election.

The yorubas are quick to betray their kin and sell out at the drop of a hat.

Visit all the federal agencies and see how the North has placed themselves. Any southerners in any critical position is either a stooge or puppet for the north.

So continue to wallow in your self delusional state of cheap talk and control on social media

Oh yes I am Southerner by the way.

Very Ironic and laughable are the comments here and speaking generally to the Aboki is not intelligent debacle

The same abokis that y'all quote ain't intelligent are the ones ruling Nigeria, have all the juicy national appointments, control the national resources and will even determine who the next president will be in 2023.

While y'all are having verbal orgies on social media they are putting plans in place to continue to rule the country.

Don't be surprised if the fares guy becomes your next president or VP while y'all continue to rant on nairaland.com

Cheers

My sincere condolences to the family of the bereaved.

But on a serious note what was the deceased doing at a crowded gas station at 10pm in the night especially one littered with hoodlums armed with dangerous weapons.

For me, common sense would have told me to quickly leave the place to prevent the stuff that happened.

This is sad but I am of the opinion that business can be conducted virtually and on the phone if there is trust between both parties.

For example the wholesalers in Aba etc can share pictures of new arrivals with the kano retailers and they agree and close out on pricing and other logistics. There is just no reason to travel that long distance with all the attendant risk.

I pray for God's protection over them

If you are not using WhatsApp for shady activity nor to defraud people and/or spread fake information, then the new feature should be a problem.

Switching to a new app i.e Signal, Telegram etc is still the same because your information on these apps will always be stored somewhere for reference, so in a nutshell the idea of privacy on all these apps is just an illusion.

Nice feat. However he is still cash poor as most of his wealth is still tied up in stocks which he can't offload just like Jeff Bezos.

One question for my over zealous religious bigots.....please does Elon Musk pay tithes?