₦airaland Forum

Oasisblue:
Dangote Refinery will push tie ASI to unprecedented levels. A $50 billion company lsiting 10% of its value on the NGX.

$50 Billion?? Isn’t that an overvaluation? Anyway, we wait and see.

nairavsdollars:
If you have MTN shares, quickly sell. Oshiomhole just said on Arise tv that nationalization will happen

This is the problem with having ignorant people in such high places. Hopefully foreign investors do not read too much into it because I know domestic investors hardly take such stupid rants seriously.

PinkNature:
congrats as how 😂 he lost a lot of money tbh.

1m in 2003 and 3m of today isn’t the same value.

Correct me if I’m wrong but the initial post wasn’t saying his 1 million naira of GTB stocks in 2003 is now worth 3 million naira. That would mean GTB just grew only x3 since 2003.
I would have suspected he was writing about dividends from GTB, but I’m not sure either.

Streetinvestor2:
Pls more information on the frontier market in September. Is it when it will kick start. I thought it was already in place and operational immediately the ban was lifted

For now domestic retail investors are still positioning ahead of September. It would kickstart in September from what I know.

ASI: 250k 😃

leo1234:
Megawealth01 is a foreign investor.

Megawealth01 and his FDI 😅

Nigerian now have the biggest indigenous oil and gas companies in Africa (by far) when it comes to production.

Note: Aradel are the largest shareholders of the Renaissance group.

For newbies interested in the NGX. Take note. Most illiquid stocks on the NGX.

Market already above 2% today. The longer trading hours would turn out to be a huge boost to the NGX

Streetinvestor2:
No wonder the green. They can pay #5 or more in dividend this yr as they equally have clean books

Investors may believe they are also more transparent now than in 2024 because of the strict rules of the CBN.

Agbalowomeri:
Purchasing power is 10x less than it was about 15 years ago. As a salary earner those days, 350k is the equivalent of over 3.5m today. I don't think any civil servants earn 3.5m today. If salaries then didn't destroy the economy with that purchasing power why should it now?

Total Government Revenue of $30 Billion in 2025 is at 2015 levels (still very low).

Is Oshiomele’s reckless statement about nationalising MTN affecting the stock price? Because foreign investors are anlso involved in MTN Nigeria and may take the joke of Oshiomole too seriously than local investors.

Dupeodus:
A major problem that Nigeria has with power in the last decade or so is the insistence on paying unrealistic tariffs. I kept wandering how Nigerians think they can pay less than half of what is obtainable outside Nigeria on a product whose tools, machineries and expertise are imported and expect any success. A common argument is 'how much are Nigerians earning' as if that has anything to do with the cost of production. The funny thing is that the same Nigerians that insist on unreasonable tariffs now spend exorbitant amount on generators and diesel.

I agree with your point but let us fix the inefficiencies first before thinking of paying market prices. If the people pay market prices like in Band A, and they don’t experience improvement in power supply within a few months, it would only lead to frustration.

Agbalowomeri:
How did Obasanjo accomplish it? Because I remember he overhauled the wage structure that completely changed workers' purchasing power

He did that when he started earning more. He increased wages from 3000 to 5500, when oil prices more than doubled. Increasing from $10 under Abacha to $28 in the year 2000 and to $65 before he left. That means oil increased 6 folds within his tenure and oil production remained high at 2.2 - 2.4 million bpd with new oil investments and FID’s flowing. Then Nigeria was the main oil producer and supplier in Africa. Then, the U.S relied on countries like Nigeria for oil (because it was before Obama).
There was increase in the national cake (oil revenues), increase in investments (because we just exited military rule) and with all of these an over 6% growth in gdp.

Agbalowomeri:
Purchasing power is 10x less than it was about 15 years ago. As a salary earner those days, 350k is the equivalent of over 3.5m today. I don't think any civil servants earn 3.5m today. If salaries then didn't destroy the economy with that purchasing power why should it now?

I’m not against increasing salaries, just not via the popular minimum wage template.

As for purchasing power and salary increases, you have to compare with earnings. 15 years ago the Government was about implementing the 18k minimum wage of March 2011 which was increased from 7500 naira. Even then they struggled to fully comply with this 18k across all states for years.

Now using minimum wage as a metric, this 18k was $112 then which is twice what it is today ($55). However, the total Government revenue in 2011 was around $75 Billion which is 2.5 times what it is today at $30 Billion.

So in dollar terms, the Government is also over 2 times poorer in revenue than she was 15 years ago.

If Govt does not first address the low productivity problem in order to increase revenue to at least 2011 levels, increasing the minimum wage would be a death sentence and would spike the inflation such that the 250k minimum wage would be worth nothing as we have seen from the 2019 minimum wage to the 2024 minimum wage increases.

Agbalowomeri:
What is very concerning though is the terrible wage structure which the private sector is also exploiting. For the current realities on ground, minimum wage should be N250k for a decent living

That would destroy the economy and shoot up the naira. Minimum wage should be 150k only for Lagos and oil producing states and not even for the FG.

I don’t actually believe in minimum wage though. I believe more in average wages.

I believe a minimum wage should be negotiable between an apprentice and the employer who wants to train him or her.

Average wages on the other hand are the real deal. Govt and private sectors can just increase salaries across board.

crownprince2017:
Even my blood sister is a victim of this reality, I told her, pull your money out of all these businesses right now or substantial part of it and deployed into capital markets for revaluation in real time, you can't keep up with 3x devaluation with physical business but she no gree, she gave me millions of reason why my idea does not make sense and I just melo.. just late last year she called me and allude to my fears and started asking about stocks.

Many lack knowledge while some does not want to test another idea because they are used to their comfort zones.

Some financially exposed persons in 2022 saw this coming one way or the other. An economist said on a Twitter space I attended in 2022, that his evaluation of what the naira should be at the time was 1200. Buhari/Emiefele restarted naira pegging plus heavy printing in 2020/2021. Osibanjo saw the danger of pegging too long and he advised Emiefele and Buhari in 2021 that it was time to allow the official rate of 400 merge with the parallel rate of 600 but Emiefele was adamant that he was waiting on the Dangote refinery which they expected would be completed in 2022.

When you peg a currency for long (and your net reserves are low), the currency explodes when you finally release it unless you are quick to raise interest rates significantly alongside its release or you sell some assets. Egypt did both immediately after floating in 2024. Even then they still struggled to tame the Egyptian pounds.

MTN landed for me but no Zenith yet

NGX best USD performer in Africa last week.

robobo:
https://nairametrics.com/2026/05/03/nestoils-bad-debt-triggers-dividend-freeze-for-3-major-nigerian-banks/


Dem say na Nestoil no make UBA/ ACCESS pay dividend ooooooooo

total exposure of 2.16 trillion to the industry

na wa oooooooo

Cardoso is very strict on these things. He wants the banks to have a clean book and not pretend all is well when they have issues like this.

ojeysky:
It's interesting how we just find excuses for inefficiency. So because we have a huge population is the reason we cannot increase our production. It is the reason we cannot manage what we are producing and our resources effectively. One would think our population should be an advantage, the Chinese are more populous than us but again you would argue that their system is different and call it a wrong comparison as well. Let's keep praising ourselves indulging in our mediocrity

Not making excuses but it irks me when people compare Nigeria’s oil to that of the Middle East. The cost of our oil production was up to $40 for a long time in most cases, while what is prevalent in the gulf region is $10 -$15. The reasons are not far fetched. Aside from security paid for in the Niger Delta, the main reason for this high cost is the type of land/soil producing the crude. It is easier to produce crude oil in the gulf region than the Niger Delta hence the high cost of production.
This means Saudi Arabia and UAE can increase production quicker than Nigeria can with same investments.
Add the small population and style of Governance and you see that it’s not comparable.
These are not excuses nor does it excuse the waste of our leaders but it’s always good for us to get the facts so we can address the real issues rather than some needless comparisons which may not apply.

Raider76:
Will the mixed Q1 results of Seplat affect the expectations of Aradel's Q1 results?

I believe Seplat had a turn around maintenance for the better part of Q1 which affected their result.

megawealth01:
No waste your time jare na jagaban boi him be so...

🤣🤣

GeeKudi:
You’re replicating the same scenario as in 2023 and later you will be crying that they stole your ‘manhood’.

I am no supporter of Obi but NDC with Kwankwanso and Binani looks way saner to me than that ADC with Atiku, Malami, Tambuwal, Dino et al. So I think he made the right decision this time.

[quote author=ollypass post=139292039]Believe me I truly wish we had someone better than Tinubu but let me address some of your points not to say you are wrong but to just state my opinion on several of the issues you raised.

1) Was the best utilisation of trillions at the time a costal high way ?
2) even Oloyede when asked in several platforms declined the question ..how can we be sure all these tax of the common man is paying will be uses judiciously.

The coastal highway certainly have controversies as with almost everything Tinubu but the coastal highway is not a useless project. In the 1980’s Shagari started the 3rd mainland bridge and during the time of Babangida there were many complaints by intellectuals on why the project should not be a priority in the time of SAP and harsh economic conditions. Today it is a key infrastructure in Lagos. The coastal road aims to connect the port city of Lagos to Calabar (connnecting the entire south), what exactly is the problem with that?

3) why is our debt the highest ever when the removal of subsidy abruptly was suppose to give us savings ? or was it just to increase money of the governors to spend by 3x

Our debt is always the highest ever in every new administration except when Obasanjo got debt forgiveness in 2004. If you are saying we have borrowed the highest ever under this Government, then I’ll say that is not factual but you can prove otherwise.

4) how many students around us is benefitting from the so called scholarship?

You would find that on the NELFUND website. I actually know of people benefiting in Uniben. Those that take advantage of it are benefiting especially in the North where they are quick to take advantage of every Government policy.

3exe3:
Between the previous administration and the current which is better

Which one is better to you? Lol 😂

Everybody should be left to answer that question for themselves else it may lead to another debate.

I won’t say who is better except we are ready to have that debate but I would say this Government is more policy driven.

ollypass:
If this were a more robust democracy would understand your line of action about reading manifestos ..but almost all democratic government has backtracked or worse done the opposite of the popular manifestos they promised the populace ...and as for caring about what we want ?? I guess it's not a Nigerian politician your talking about there .? Might is gradually becoming right in this country , expensive elections are just a sham to hide the real state of the polity. I dare say ..I don't even think the major opposition leaders are opposing with any form of strong conviction.

To be fair, this Government have been following their manifesto. Implementation might be a problem in some areas but most of what they are doing were written in the renewed hope manifesto which was reviewed and discussed several times in several APC Twitter spaces and even a popular Obidient’s analyst twitter space during the 2023 campaign.

Fuel subsidy removal
FX liberalisation
NELFUND
Affordable vocational education
CrediCorp
Tax reforms
Super highways
Forest guards
New gas policies

were all in Tinubu’s manifesto. The problem
Is that in 2022 we were hardly focussed on policies for the most part.

crownprince2017:
For Nigeria to be a better place, it has to be run like individual companies by both the leaders and the followers. Patriotism was the order of they then, nobody celebrate thief but today, stealing are called embezzlement to reduce the severity of the behavior, they give them chieftancy titles after stealing public funds today.

Today, in my view, we don't have any qualified candidates among the known people looking for the position. They are all crook with the same ideologies.

They all have thesame ideologies except Kwankwanso who is a socialist and may not run as president but probably vice president to Obi in NDC ahead of his 2031 ambition.

But Atiku, Obi have very similar ideology to that of Tinubu.

Take Education for instance, neither Atiku nor Obi believes in cheap education but I see their supporters everywhere calling for subsidy in education or wanting cheap university fees. I laugh in Chinese 😆.

Streetinvestor2:
LWKD

Even if true how e wan take affect UBA stock price ? 😀

[quote author=Streetinvestor2 post=139288308][/quote]I agree with you but even 80’s/90’s are bad examples overall except maybe for the free education in the early 1980’s.
The 1970’s during the initial oil boom were a bit better for the average man but we had the strongest fiscal position ever in the early Jonathan years (2010 - 2013) even though the 1970’s were still cheaper for the average person.

nosa2:
Last last we need to kick Tinubu out of power sha. Not because he has bad economic policies but for other reasons

I can understand that and if I decide not to go with him, it would be for the following reasons:

1) Electricity: He said if I don’t give you power don’t vote for me. So if by 2027 I do not have constant electricity, then I would remind him and would not vote. May not vote at all.

2) Disorganised Government (lacking in strategy sometimes)

3) Poor budget organisation

4) Too much opacity

5) Media team is too political for my liking.

6) I think Dele Alake in the mining sector have been too slow, while having Adelabu for 3 years was a waste of time.

So I agree with you but then I hope we find a credible replacement.