₦airaland Forum

ngeneukwuewuGOAT:
Which one be navy marines again? I'd you called them Nigerian Navy e never reach? Are navy not known for military activities on the waters? Must you add marines?

To the topic, may God continue to destroy these useless islamists jihadists terrorists

In 2026, Navy should only operate on water when US Marines operated on land in Vietnamese war, US Navy have the strongest airpower in the world.

BJanta:
Illegal source of funds to finance the IPO. Chinese CAN NEVER turn their gaze away from dark funds.

Last time I checked, the whole world was learning what you western world invented what you called "dark funds"

Sulex899:
Dem wan use big big Grammar take whine us
Even if opay is owned by a Chinese no big deal about it..because dem see say opay don de outshine their Evil commercial banks,dem de find ways to take bring opay down.
For months now dem de try to make public aware of what is happening to cause panic wey pple no go trust opay Again.
Commercial banks are thieves ,e de hard for u to hear say dem hack ur opay account n steal money unlike First bank,gtbank,etc for no reason dem go de deduct your hard earned money.
If u save ur money for opay ure secured,but most commercial banks na different pattern..
Na big Elites fight bdis
Dis one no concern poor man but dem de find how to take de control the poor man..

How is this your comments related to Opay not been able to list on NYSE?

malcom1X:
But wetin stop commercial banks from upgrading like Opay or moniepoint?

Why are they charging maintenance fees when the new generation banks are not doing so?

Maintenance fees are charged on accounts excluded money creation like current accounts etc and most Nigerians using Fintechs are using personal accounts which are equivalent to saving accounts with commercial banks.

RichDad1:
I won't be surprised if it's the US government trying to established if there's a significant relationship between SoftBank, Opay and the CCP.
They don't what Chinese inventors coming to the NYSE through the back door.
Opay is claiming to be Nigeria focused company while it's profits are being shipped to China.
I expect the USA to impose heavy regulatory taxes when they eventually finds anything close to their suspicions.

You might be right but Opay shipping is profits directly to China, I don't think so. The profits will be routed through different layers of offshore entities before reaching China if at all they will.

omoredia:
The US is not nigeria were criminals do IPOs

At your age , you still type nonsense on Nairaland

Hezzyluv:
To Opay and other fintech, thank you for bringing an end to we stress.

Just imagine 2moro Na Monday, only for you to go bank join one long.... queue for the little transactions you wan do.

Joining long queue at a bank that has mobile app, website and USSD codes for transactions!
Why do some Nigerians like stone age life?

AFONJAPIG:
Cement in Dubai 5000 naira... Good quality, imported raw materials

Cement in Nigeria 14,000 naira.. lower quality majority of the raw materials source locally


Why not allow us to import from Dubai and crash the market because I can import and sell it below 9000 naira and still make profit

Why not import cement from Dubai and sell it at your imaginary ₦9,000

thisisit:
AS DANGOTE IS GETTING WEALTHIER ... NIGERIANS ARE GETTING POORER!!!

WHY...WHY .. WHY??

DANGOTE IS A THREAT TO THE WELL BEING OF NIGERIANS

After using tribe and religion to vote in bad government, it is typing capital letters on Nairaland to shift blames!

Toluabigr8:
Stanbic is own bank by Nigerians, get your fact right...it was founded and established by Atedo and other Nigerians

Stanbic is a South African company, get your facts right.

Mathewrichard99:
DStV/GOtv......Multichoice has been bought by canal+ SA...a French Company operating in SA and France.....

Canal+ acquiring MultiChoice did not in anyway make a French company. MultiChoice is South African.

doncartel:
It’s just a matter of employing the right experts both local and foreign, and set a target of $1/N500 for them to achieve.

Right experts like having a law to increase the minimum wage every four or five years to devalue the naira and reduce the purchasing power of Nigerians?

peleson1:
Exactly what nigerians need right now .
Why is the dollar so high only to be beneficial to the thieving politicians

They don't spend naira

I said this same thing in a simple language in a thread

@Helinues come and see
You see your life outside now?


This is a renoun professor of economics with 2st class talking

Please, can you explain how high exchange rate benefits only politicians?

Finquas:
Yes oooo... U see why in everything.. monopoly no good

Monopoly how?
ATMs use to be the primary source of cash withdrawal with high demand.
Now, POS is the primary source of cash withdrawal with heavy demands. This POS agent buys cash from any where available including clubhouses, bars, betting shops,banks etc.
ATMs now have lesser demand hence more cash for with more Nigeria struggling for few cash with POS agents who in turn rush the Bank ATM to withdraw and add there own margin.

VOsimhen144:
Adams Oshiomole never bargained with FG, go and check his records, that’s what made him irreplaceable till date.

He proposed “factual” deals to FG.. it’s either you accept our deal or we shut down the country. We aren’t asking for too much.

FG has always been greedy since time memorial,, 250k or 200k minimum wages or we shut down the country.

250k minimum wage to make a litre of petrol 25k?

puremaker7:
This big project is located at lekki ....
How I wish Nigeria could return to the regional system of government, where healthy competition among the regions would drive development and progress

Is there anything stopping the healthy competition among states?

DevAfrica:
My point is that even though d naira has recovered sufficiently, almost N500, importers have refused to factor in the recovery, they are rather cashing home d super normal profits

I have also pointed out that factor of house rent and shop rent. You don't the same prices of when house rent for example, a self contained apartment increased ₦200,000 to ₦1,000,000. A shop owner paying such rent will match the prices of his merchandize to to his rent.

DevAfrica:
On d value of d naira, I agree cos it would affect us all positively. But let me give u a cracker. When naira crashed to N1,800, pair of chinos rose to 15k at Main Mkt Onitsha. Today d naira trades at N1,330 and chinos still sells at 15k in main mkt. How do we stop this rip off??

When naira crashed to ₦1,800/$ early 2024, can you compare the house rent/shop rent then and now.

babzo:
They seized her phone and then went to obtain a warrant from a Judge before checking it.

Chai...see Law and Order at work.

Please can someone please show this to the IG of Police!!!

The IG it police or the officers checking peoples phone without warrant?

cr7lomo:
Thats what alot fail to understand.... if an average person can only visit the cinema one a year ... then there's a serious economic problem.... as u rightly said ... its cheaper to put data 2k , and watch like 10 movies on YouTube and Netflix ...than to spend money on transportation thats very expensive compared to b4 ...then spending on the cinema ticket ...all will cost about 15 to 20k , plus transport.... if u are on a date , thats an extra 5 to 10k ... I will rather invite the date to my house to Netflix and chill... which is far cheaper .... most Nigerians are using their money to feed and take care of groceries first ...which is very expensive these days .... cinema is not a priority again... will rather use that money to go the beach , which is even cheaper


As long as there's another option for visual entertainment... then the cinema industry is cooked

Let me ask you a question?
Was going to the cinema ever a priority in Nigeria?

Naustine:
So what prompted the increase from 240 to 800 initially? Was it minimum wage increase?

What was your minimum wage, money supply, forex rate, per capitas of GDP PPP and nominal when you were buying it at ₦240?

Inspirer1:
I don't subscribe to these incessant increment in kinimum wage as is being done here.
Why not demand a better economy.

How many Nigerians are civil servants that truly get to benefit from any increment?

Government can increase minimum wage today and weaken the economy tomorrow such that the increment becomes useless.

Is that not what is happening to the last increment? The current 70k is even more useless than when it was 30k during Buhari's tenure.

What NLC is doing is about the system that is designed to keep the rat race running.

DevAfrica:
This is why Nigerians won't take NLC seriously. Almost everything on these demands is for public sector workers. What of the self care employed and those in informal sector who account for d vast majority of workers? Reducing fuel price is out of d hands of d FG, d PIB has deregulated d sector. This is not our fight, it's your fight cos we stand to gain nothing

The government can allow the naira appreciates to it's real value which was around ₦1,100/$ in June this year.

Naustine:
The minimum wage was negotiated when fuel was around N800 per liter..now fuel is about 1400 that's about 80% Increase in fuel price ..that automatically renders the minimum wage useless...so it's either they increase minimum wage or return fuel price to what it was

The higher they increased the minimum wage in naira, the higher price of petrol and the lesser quantity it buys.

Ambivert77:
Negotiations are part of democratic society...Moreso, this is the time to negotiate good renumeration for the civil servants. I support this move as long as it's not political.

Good renumeration like?

saintkel:
What I don't understand is dis....u claim to remove subsidy n recover trillions of naira.....then y is dis government always collecting loan from world bank and china?

In 2026, someone still believes trillions of naira were saved from petrol subsidy removal. The same subsidy that was financed with loans which the government is still servicing.

Ankakh:
I can understand why the government will try and market this as a win because when the likes of P&G, Uber and others left Nigeria, they were blamed; but JPMorgan is primarily here for the HNIs. It looks good on the whole macro level, not so much on the micro level. And the real change for the country's economic level happens at the micro level.

JPMorgan, P&G, Uber are all foreign companies with one goal, invest some dollars and harvest massive dollars at the end. The difference between the dollar invested and profits are borrowed dollars.
So, a functioning economy will filter out foreign firms who are not export oriented in due time.

tonyashburton:
Employees can get rich if they're given stock options at pre-IPO prices. When their company debuts on the stock exchange through an IPO, they could become millionaires on paper depending on how many shares they hold and the stock prices.
Examples are Space X employees and other tech sector workers who got very wealthy in the tech booms of the mid to late 90's.
Also executive level employees at most large corporations are very well remunerated with high salaries and performance based bonuses.
So in a nutshell, you can certainly get rich as an employee.
The OP's generalised statement is not entirely correct.

Based on this your explanation, the employees of those companies got rich by stock options (investment) making them investor and not salary.

2special:
Go check the payout that was giving to the chairman of Cadbury Bunmi Oni when he resigned, the late chairman of Access Bank started as employed even Tony elumelu rose up the rank to become the chairman of U.B.A, MTN and stanbic bank chairman salary and yearly benefits.

This people you mentioned are shareholders of the these organizations.
Hence, they are investors.

Irony1:
It has only achieved $3.4billion in assets since 2011 when it was funded which lends credence to what I said the govt has not been prudent in financial management, if not we would not be where we are.

Sovereign Wealth Fund is were the government invest it excesses.
So which asset size where you expecting from country that specializes in exporting crude oil, borrowing against the same as collateral to import substandard petroleum products and quotes imaginary competition theory on top?

anonimi:
Stolen as usual, just like the billions of dollars in subsidies removed, higher revenue targets in August as well as more loans than when PDP gave us:

- cheap petrol
- cheap dollars
- high employment
- high productivity
- high prosperity


to be the biggest African economy.

Otherwise, why are roads worse than the PDP years




https://www.youtube.com/watch?v=v_mAUX4wWC0?si=TH4LTxdg1B-mcxU9




https://www.youtube.com/watch?v=vaStIpnqjdU

Can you explain how it was stolen?

Irony1:
You seem to miss the point here. If we do an audit of our solid mineral assets alone. If you add 2m barrels per day with our solid minerals revenue we should be having a sovereign wealth fund in addition to our revenue earnings. See Nigeria has a lot of mineral wealth that these our politicians have kept hidden.

Nigeria has a Sovereign Wealth Fund called the Nigerian Sovereign Investment Authority (NSIA) which was opened in May, 2011.
Sovereign wealth funds are nothing but government investment company just like fund managers who operates mutual funds where the government invest it's excess for passive income. To have a passive income, you first need an active income.
A poor man whose daily income cannot cannot give him a proper three square balanced meal has not business investing for passive income.