₦airaland Forum

Talkisneeded:
So what’s not finishing primary school and success has in common??
Graduates in this part of this world thinks everything should be given to them on a plater,just because you went to school for five years,nature should place you higher than someone who has learnt how to till the ground food or do plumbing work for five years…
Plus many of you can’t even defend your so called certificate sefff…

Life can be crazy I know,nature can be cruel,but nature will only reward those who tries and not those that complains

I agree totally with you.
The problem with the average graduate is that they are so so so rigid to life and not flexible.
You see those guys driving danfo, trucks/trailers, cow/goat butchers, keke drivers etc are making good money on daily basis. It is just that due to their little exposure, you won't like their lifestyles.
All they do with the money is to drink beers in the evening, bang women, wear dirty clothes, build face me, i face you houses etc.
They are not polished or refined the way the educated would have done. So it makes people look down on them and their jobs.
In my area, the alhaji my wife so buy cow from shares 1 cow with a partner veeryday and believ me, you can't buy 450k cow, divide it into 2 and not make nothing less than 30k profit per day on your own half.
Even a goat seller can't make nothing less than 15k killing 1 ogufe per day at a junction.
My ogufe seller kills 3 on a good day and 1 on a bad day.
There are alot of things to do but the graduates are not trained nor prepared for such life after school.
They all become depressed and suicidal.
If they are not thinking of working in office with AC, it will be travelling abroad.

SocialJustice:
Or millions to buy Marwa.

You don't need millions to buy marwa or bike.
You can take installment with a shorty or guarantor.
The hausas flooding the south on monthly basis without any skills, education nor anybody all started with bikes on installment.
If you are serious and ready to do it, join the bike or marwa association, with time, someone will see your seriousness and give you one to start with.
Their chairmen always have bikes and marwa to give out to serious minded people.
If you can't, go learn cow butchering and selling in local markets.
It cost nothing. After 6 months with them, one oga will give you a share of his portion for you to sell at your own stand in the market.

Standalone09:
The rate of unemployment in this country is just alarming. I finished school since 9 years ago, till date no job.
Funny enough, the Marwa guys are even living good than most graduates. I was told it's either I buy a job or get special link from the top. How can a common man afford millions to buy a job.

This is the bitter truth.
Guys doing blue collar jobs - keke drivers, danfo drivers, cow butchers and goat butchers in local market all make reasonable money everyday but graduates are doing shitty jobs.
you have to be shameless in 3rd world countries to make a living.
Only few will get good paying jobs sitting in AC, drinking tea while pressing computer.
And guess what? those blue collar jobs adjust to inflation easily compared to white collar salary jobs that are always stagnant for years.
Reason why you always see civil servants/salary earners always going on strike for salary increment, holding rallies and blocking roads while the so called illiterates and semi-illiterates will look down on adjust their price to inflation - drivers will adjust lagos to ibadan transport fare tomorrow if price of fuel goes up unlike salary earners.
Tomatoes sellers, ogufe sellers etc will all adjust price.
it is up to you to drop your ego and hit the street.

Agbalowomeri:
It's not about calling out
It's about faith and patience

I like Faith more than Patience because she carry better waist.

Chijohn42k:
Same invalid email format. I will try the App

Yes, use app or send them mail.
They will send you the form you can download and print, fill and send back to them to open it for you

Chijohn42k:
Sir, thank you for the info about ucap. You open my eyes. Secondly,I wanted to fill the forms online.the space where I fill my gmail for example iffdffatgmaildotcom shows wrong format.

Uwc bro.
Maybe you can use another email

idalex:
@ emmaodet
congratulations on the purchase of ur equipment
do u mind if I ask how much does it cost?

also kindly reply m dm

Okay, Have replied you

betabread:
If u are a rainfed farmer please understand the rainfall pattern in your area.... For example if you grow corn pls let your corn tasseling, silking and flower formation coincide with the period of assured rainfall..... In my own locality this is the month of June and October...... Any other thing outside this period means greatly reduced yield, if u like plant seedco 719 or tela maize...... In fact if ur hybrid tassels in this window period and all other agronomic factors are intact, you will surpass the advertised yield

Hmmmmm
Where is your farm?
Mine is at Kobape, 30 acres currently.
Planted maize and cassava but it has not been easy honestly.
Labourers are a big issue so am trying to reduce as much as possible the human contacts in my farm.
I just bought and importing a multi-implement from china and it will arrive next month.
It will plant, fertilize, spray at the same time reducing human factors.

I will be following your thread and we can share knowledge

yMcy56:
Japaul to raise capital....
This one go loud o.....
14Bn OS to increase to 100bn

https://doclib.ngxgroup.com/Financial_NewsDocs/44109_JAPAUL_GOLD_AND_VENTURES_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_MAY_2025.pdf

Omoh..... If I dey inside this bus I go cry well well oooo
A 600% dilution is so so unfair to minority shareholders

Beautifulsoul97:
What are the benefits of the asset backed loan united capital offers? I believe they can’t loan you more than your capital with them, what’s the interest on the loan? Will your money market investment keep getting the accrued interest while you are servicing your loan?

If I have a capital of say 10m with you and you approve a loan of 9m to me, is this really a loan? Why can’t i just use my money for the purpose i am taking the loan for, If the daily money market interest will keep dropping then i might consider it. Kindly explain, how do one profit from this loan ?

Opportunity cost.
In an economy with high inflation, the borrower wins while the lender loses.
I believe you know a 1m now is better than 1m next year because a 1m last year worths more and would have bought more than a 1m today.
Why wait to save 2m per year from 10m I invested in TB/bonds/MF for 3 years to buy a 5m car by 2027 when I can use my investment as loan to buy the 5m car now.
By 2027, yes you would have been able to save the 5m from your investment without taking loan but that money won't be able to buy that car again because it could have worth 7/8m then but if you borrow to buy now, you are returning back a less worthy money back to the lender.
There are opportunities you will lose trying to save us before doing somethings, hence loan looks okay.
A land that sells for 5m now you don't want to take the loan for to buy won't be the same price 3 years from now if you save to buy it.
Lafarge(wapco) was #35 per shares last year November, if I had waited to save up to buy, I would have lost the opportunity to buy cheap when the opportunity arose.
I took the ucap loan, bought lafarge and less than 6 months , it has risen to #77. More than 100%.
If I am to be using my interest on TB or bonds to buy, I would have only bought few then and when the next cash comes, I will be buying at expensive price.
A 10m loan in wapco in November will be worth 21m now, remove the principal and interest and you will still be left with close to 10m in profit but Hey, we are all different.
Different faces, different backgrounds, different way of seeing situations and executing it which is where the rich differs from the poor.
How we maximize the opportunities in our hands.
As our names, face, date of birth and death and mode of death differs, so is how we will see and do things differently.

Raalsalghul:
Man needs to be prepared Oga Lexus.

Bro sorry to ask but what is all these fuss about the extended residency permit issue? 5 years extra and so what? If you get your British residency in 5 years, most probably you would have stayed extra 5 years or more anyway from observation.
So why the worry?
Most guys I know who migrated to US, Canada and UK have all been staying there years after getting their passports, I hardly know anyone who came back home finally, so waiting for 10 years, working and paying your taxes looks no different to me.

DAramis:
If you solve the pressing need, the money is gone forever but if you invest it and use it to get a loan, it is still your money.
Let's assume you have 10m and buy a car of 5m, you will be left with 5m.
But if you put the 10m in MF and get a loan of 5m, you will buy the car while still getting roughly 2m per year from your investment.
In roughly 4/5 years, you will pay back the loan while still keeping the car and your invested money

The bolded above was his reply to similar question. And I strongly think it makes perfect sense.

A loan involves monthly repayment right or in some investment company quarterly or bullet payment (like the one he is using).

Now if you do MMF and take out loan (let say 50 percent of your MMF amount), the monthly interest generated by your MMF can cover the monthly repayments of your loan. Now as a business man or woman, your business will keep generating funds which you can also channel into repayments of the loan...at the end of the whole scenario , you would have paid off your loan while still retaining your intial capital invested in MMF.

And there is no where a bank will give you loan above your invested amount without collateral. It is like you having 5 million naira invested, but want to buy a car of 15 million naira, you will have to bring something else to back up the loan you need....But a car of 2 million naira can work out based on your invested amount...

Above all, my sister do what you think is right with your money if you feel it doesn't sit right to take loan against your invested money.

Exactly.
You have said it all
Let everyone do what they feel is right.

DigitalMallam:
For those with financial discipline, this approach may not be beneficial. I'd rather leverage compound interest and use the accrued interest to cover essential expenses, rather than depleting my savings.

With this, I'll be avoiding loan & interest payment.
Unless I'm borrowing a huge chunk for business purposes I don't see any gain in keeping/investing my money for a lesser ROI% then take a loan at a higher interest to settle needs.

Well, every Mallam to his kettle

crownprince2017:
Conductor calling passengers, I hope your bus na Noah bus oooooo, I not fit shalaye oooo.

DissTroy:
It makes sense now...

Ourtruth247:
Killing to survive

Why is it that feeding in our world so often demands killing? Have you thought about this?

Across land and sea, we consume animals to sustain our physical bodies. This isn’t a condemnation of meat consumption, rather it’s an invitation to reflect on a deeper question: Why are our bodies biologically wired to depend on the flesh of other living beings?

Now consider the staggering scale of suffering this system produces. Billions of animals are slaughtered each year, millions each day, many enduring fear, pain, and distress before death. If this world were truly the creation of a wholly benevolent force, wouldn’t such widespread death and suffering seem inherently contradictory? Wouldn't the creator of our world think of a better way for living things to survive that wouldn't involve the violent murder of weaker beings?

And this pattern isn’t limited to humans. In the animal kingdom, survival is often a cruel equation; watching one’s young be taken, living under constant threat, and killing to avoid starvation. It’s not just nature; it’s a relentless cycle of trauma woven into the very fabric of life on Earth.

If as I believe this world is overseen by forces that feed on emotional energy like pain, fear, and suffering, then what better design could there be than this one? A planet where survival itself ensures a constant stream of anguish... for humans and animals alike.

I employ everyone reading this to take a moment to really ponder on this.

From my little experience, people who think to deep like you are suffering from mental disease called schizophrenia.
If you don't mind, you can go for diagnosis bro

yusman14:
As regards to your first paragraph, why is it so?

Some people are very rich and when one ask them money, they won't want to help. It is not about being entitled. If I'm very rich and a relative ask for my help, knowing that the person is serious with his/her life, I'm going to give.

Imagine someone earning over 4m/month ignoring you because you asked for 20k.

You only know he earns 4m per month, what you don't know is his liabilities would be more than that per month - his kids sch fees, house rent, car and maintenance, debt/loan etc

yemmit90:
No one will ever understand why some people are broke or work hard with nothing to show for it, until you experience it yourself.

Every rich or average rich man will think broke ones are lazy or dull until he become broke himself.

No man become wise or have deep understanding of life withiout being broke once in his life time.

So so true
Just the way those who are brilliant think others who are not are lazy and don't study hard nor ready their books

ChybuzzDD:
There are no dark forces; it's just bad economy.
Hope you know there's no poor citizen of Qatar??
Do those so-called dark forces not know the road to go there

Amayanabo01:
You can work hard and still be poor.
The dark forces are 100% real.

That is to show you life is unfair.
You may be hardworking, smart and punctual yet financially struggling.
In this situation, many people turn to church and the pastor claiming spiritual attack, don't let anyone deceive you, so many people are passing through the same thing.

Tolu2024:
How can I reach you I will like to know more about it please .

I will prefer to look for the office in Port-Harcourt.

Have replied your mail

DigitalMallam:
I'm still struggling to see the financial gain in keeping my money in MMF that fluctuate between 19-22% or buying a sukuk @19.75%, then apply to get a loan at above 28%.

From my layman judgement, isn't it better to use my fund to solve the pressing need rather than keep it in MMF or bonds?

I would love to be enlightened on the benefits of taking the loan.

If you solve the pressing need, the money is gone forever but if you invest it and use it to get a loan, it is still your money.
Let's assume you have 10m and buy a car of 5m, you will be left with 5m.
But if you put the 10m in MF and get a loan of 5m, you will buy the car while still getting roughly 2m per year from your investment.
In roughly 4/5 years, you will pay back the loan while still keeping the car and your invested money

SonofElElyonRet:
Locomotive!

Tolu2024:
Just coming back from Ecobank and FBNQUEST to make inquiries about T Bill first:
Ecobank told me the rate is 16% for 365 days and 250 days only .
No 3 months or 6 months .
And the ecobank person told me I can’t use my Tbill to get Loan that I am giving the money to fed not them.
I am looking for options where I can get loan also .


I left there went to FBNQUEST in Port-Harcourt the fine sexy lady I met there told me they don’t do T Bills only MMF that the rate is 20% . But they will pay me quarterly which is for 3 month ,.

The lady told me they don’t give loan or I can not use it for loan too.


Wanted to invest 10m after calculating the interest it was about 450k for 3m month.


Just thinking about it . I was hoping they will pay the interest upfront like T bill.

Please house which investment option pay like T bill ?

Fun fact 🤩
I was already calculating the 20% for 3 months more than enough to pay my rent, dividend the 20% interest into 12 sound funny 😄.

I was hoping

To get loan with your mutual fund or MMF, you will have to use brokers like united capital.
They are the one am using and have gotten loan twice from them using my stock broking account and mutual fund account.
The one i got 2 weeks ago interest was 29% per annum.
The good thing about their loan is that you don't need any collateral aside your investment with them, you don't need a guarantor neither unlike traditional banks.
Another good thing is the mode of payment - it is bullet payment unlike traditional banks were you pay back the loan and interest on monthly basis. You only pay back their own after 6 months but if you can't, you can roll it over for another 6 months and keep doing that for like 3-5 years provided you are paying the 6 months interest. which is about 14.5% every 6 months pending when you clear the loan or worst case if you can't, instruct them to use your MMF to clear it.
And you also get the loan within 3 days. No contact, no calls, everything done online by your e-mail - form filling, signature etc

RGRNetwork:
Nigerians Sabi dressing abeg. See as the guy country men dress like slaves. That dressing fit even be their "odugwu atire"

maziemeka2024:
I went from the 6months to 5yrs. My friend went from 6 months to 10 yrs. I should have done the same.

What was your purpose of visit? For vacation, holiday and tourism or to see a family member? Because this is very important

yMcy56:
Una well done with this Ellah Lakes pala.ver ooo.....At least Oando rest small for your hands.... 😁
Anyone who believes in Ellah should stick to it.......
In fact, with this much badmouthing, me self go look that side now..... Hopefully it can retest N2.80/N3..
If na dongoyaro dem plant, make we all dey reason am together, e fit even be hibiscus flower self 😁

Even Martins self don see say, no be by years of trading or fundamentals alone...... 😁
Person wey suppose chop Oando largesse and cruise it from 10 to 90+ but was busy abusing and insulting that time....
We go all dey alright las las

maziemeka2024:
I regret why I did not apply for 10 years, instead I went for the which expires in 2028.

The difference in the fee was about 200 USD. The idea of going through this process in future is annoying.

I thought it is not advisable applying for such visa as a first timer, right?

KarlTom:
Seems we're now on breastville 🤔

emmanuelewumi:
I have found out that people are very emotional about the stock, so I will respect myself and not write about the stock

It is okay.
There are some stocks classified as JOKER stocks.
They always generate alot of arguments and bashings.
Like a Joker in a card game, it goes your way Bingoooooooo
If not,, Checkmate.

Popular Joker stocks on Nsempa - Oando, EllahLakes
Though, I have 500k units on Ellahlakes and understand the risk involved.

Locotrader:
Better protect your bald head oooo.
Some people are targeting to hit you with a big stone on it if you talk of raising fund again.

Ellah has raised funds twice in my presence as a shareholder then.

Na production we want to hear.Telluria is making money in Billions.If shareholders will dig Telluria investments in Ellah,they will be alright.

It is not about what the shareholders think or if they don't want to hear another round of capital raise.
Numbers don't lie and have explained why they will need to raise another capital again.
They only have 23m cash in bank, they spend roughly 1b per year running the farm - worker's salary, herbicides, fuel etc
so where will the money come from?
Definitely not bank since they will need to be paying back the capital and interest as soon as possible.
So the best option is equity that won't be pressuring them for capital and interest instantly.
Numbers don't lie and have done that above.

nosa2:
Ok. I dont see the relevance. This business is in the startup stage so its understandable that revenue should be nil or next to nil. How people dont see this is mind boggling. Or maybe those that do just dont post about it.

Have gone through their financial report quickly and noticed they burn roughly 400m per quarter in free cash flow.
200m plus to operate the business (operating cash flow) and another roughly 200m in capital expenditure.
Plus or minus, they will be using 1b per year to run the farm pending when it will start generating meaningful revenue.
current OS is 3.86b
Cash at hand as at 31st jan, 2025 was 23m
current assets is about 25b that can be converted to cash to run the biz within a year.
Given it will take another 3 years before Ellah lake will be generating enough revenue to finance itself,
They may likely have to raise atleast 3b more to do that PROVIDED they couldn't convert their current assets to cash to do that.
That will dilute the shares about 100% more, probably seeing the price go down to #1.5/shares before experiencing price appreciation we are anticipating.
We will see how the management run the biz on quarterly basis