₦airaland Forum

mikeapollo:
A govt and a president that wrote off NNPC's debt of unremitted revenues in the most reckless and irresponsible manner without approval by national assembly?
That is another example of corruption and lack of accountability in this govt.
Where this the president get the powers under the constitution to write-off the debts of an institution like NNPC?

We need to think deeply before we make some comments.

1. NNPC owed the FG in unremeted revenues for several years before this administration and the only way NNPC can pay is if they continue to manage the oil revenue - business as usual.
2. A thinking President asked them to forget all the debts totally and stop managing oil revenue for FG.
3. He then directed all revenue to come straight to FG account without NNPC's oversight/management.
4. Finally removed the 30% management fees usually taken by NNPC from the revenue.

We may not be there yet but we are not where we used to be, we are on the way to where we should be.

IMO please.

promami:
Were all these vehicles transported from America for this visit or the Chinese already provided all these?

If they transported all of them from America, then forget it, America is whom they think they are.

Presidential car itself a.k.a. The Beast is always transported, and all specialised operational vehicles at times.

Watch the You tube: The Insane Logistics of Transporting US President Trump's Armored Convoy

https://www.youtube.com/watch?v=YZTHrKxd16k

feelamong:
Once dangote IPO starts and NGX liwuidity is sucked by the IPO..many will hold illiquid shares for many months after

What do you mean? Could you please explain?

Nigeria copied the endless presidential convoy of luxurious vehicles from the United States. But we should be copying the UK and EU instead.

In the UK, the Prime Minister moves with 2 cars maximum – sometimes driving himself. In the Netherlands, the PM rides a bicycle. Monarchs use a single vintage Rolls Royce or horse-drawn cart.

There is nothing wrong with a long convoy if you can produce those vehicles yourself and your citizens are well taken care of.

As a Yoruba proverb says: “Eni ti ko to gelete, ko kin nmi fin-in” – literally, “If you are not very huge, you don’t breathe heavily.”

KarlTom:
ZICHIS MD just locked in her initial investment...

5m units out of 120m units held

N 183.45 Million like that. There is God o.

SonofElElyonRet:
Take your beating (losses) like a man.. investment gone wrong.. it's not deposit that is insured.. other opportunities abound but look before you leap

Thank you.
I have started a multi-level enquiries about how shareholders can be protected delisted companies in situations like this anyway. I will revert if I found anything useful.

nosa2:
Are you a depositor with Aso savings or a shareholder?

Shareholder in this case.

nosa2:
I be wan ask what made him buy such a beautiful collection of rubbish, but then he said these are the ones he wants to get rid off. That means he has more sensible companies in the portfolio.

Personally I believe a lot of people here are over diversified

Yeah. They are JIJO stocks at one time or the other that were not (properly) closed out, they are just there in the portfolio and they make about 12% but never had time/focus to review. They are all gone for good this morning except ASOSAVINGS.

Thanks all for your advice.

Streetinvestor2:
Tell your broker to remove it in thr platform so it will stop causing distortions

Can't I get my money in ASOSAVINGS back? Isn't there any insurance like NDIF for ASOSAVINGS?

Does that mean that the CBN, SEC, CSCS, NDIC. NASS, FG etc. cannot protect me?

We need to do something about it. FSCS or FCA in United kingdom guarrants retail investors up to 85K (now 120K( indemnity when things like that happen and financial services related companies are required to be regulated by them.

Streetinvestor2:
Tell your broker to remove it in thr platform so it will stop causing distortions

Can't I get my money back? Isn't there any insurance like NDIF for ASO?
does that mean that the CBN, SEC, CSCS, NDIC. NASS, FG etc. cannot protect me?

We need to do something about it. FSCS or FCA in United kingdom guarrants retail investors up to 85K (now 120K( indemnity when things like that happen and financial services related companies are required to be regulated by them.

Streetinvestor2:
The dead is buried completely. It has been delisted.It now a permanent loss

OMG!
Permanent loss? So the 235% is gone.

This is unfortunate!

What should I do about it so that it won't just be creating false hope in the portfolio?
Thanks.

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

Calm down and calm down.

Nationalization does not mean MTNN as a company should shut down.

It may mean MTN South africa should reduce or sell their shares to Nigerian companies or local investors/citizens just like International OIl Companies sold their and assets to Idegenious oil companies e,g, Mobil to Seplat, Agip to OandO, Shell's SPDC to Rennaisance (where Aradel holds significant shares, etc.

Currently MTN Group in South Africa owes about 75% of MTN Nigeria; the remaining 25% of MTN Nigeria is owned by a diverse mix of local and international investors which includes Nigerian institutional investors, domestic and international funds, and several high-net-worth individuals, with the rest distributed among over 200,000 other retail and public shareholders.

A bill/law asking MTN Group in South Africa to have not more than 49% is also a Nationalisation.

Oasisblue:
It wont happen.

Sure! MTNN won't shut down but new owners will takeover.

Panadee:
Why seek the dead (No. 2) among the living?

Yes, the dead must go. I pray I get a buyer

I am rebalancing my portfolio to have fewer stocks, I decided to remove some companies that are overlapped in banking and insurance sectors and keep only the leaders (e.g. GTCO, ZIB, AIICO etc.) in the sector. Which of these 11 do you advise I should keep.

1. Africa Prudential
2. ASO Savings
3. Industrial & Medical Gases
4. Legend Internet
5. Regalins
6. Royal Exchange
7. Veritas Kapital
8. Sovereign Trust
9. Fidelity Bank
10. FCMB
11. Sterling Bank

Thanks.

ehay:
Please can someone help me with this, if a very sound retirement stock does x8 can I sell and rebuy when the price falls again or do I ignore it and watch it rise and fall.

A very sound retirement stock is a long term hold and a few fluctuations, even up to 20% should be completely ignored. It should be kept
1. Forever
2. Until retirement
3. Or whenever it stops being very sound

Mankind2024:
When the NGX Becomes Efficient.

An efficient market is a financial market where prices fully and rapidly reflect all available information.
It appears the Nigerian Exchange (NGX) may gradually be heading in that direction.
In an efficient market, it becomes increasingly difficult to consistently identify undervalued or overvalued assets using publicly known data. The edge then shifts from mere information gathering to discipline, patience, timing, and consistency.

Both Technical Analysis (TA) and Fundamental Analysis (FA) begin to lose part of their traditional advantage in a highly efficient market environment.

The Efficient Market Hypothesis (EMH) explains this through its three major forms:
• Weak Form EMH
This suggests that technical analysis cannot consistently outperform the market because prices already reflect all past trading data, including charts, price movements, and trends.

• Semi-Strong Form EMH
This states that prices already reflect all publicly available information such as financial reports, economic data, corporate announcements, and news releases. Under this condition, fundamental analysis alone cannot consistently deliver superior returns.

• Strong Form EMH
This goes even further by proposing that prices reflect all information, including insider or private information. In such a market, no investor can consistently earn abnormal returns over time.

The big question therefore is: Is the NGX gradually moving toward market efficiency?
The possible turning point may begin around September 2026, when the anticipated frontier market status could fully take effect, potentially increasing foreign participation, liquidity, institutional activity, research coverage, and information dissemination across the market.
If that happens, the NGX of tomorrow may become very different from the NGX many investors have historically known.

Excellent piece and excellemt graphics. Well done.
Please what prompt did you use for the design or is it just Graphics design.

zendi:
From the Desk of the Gamble Editor.

Somebody who managed to insert 1 million in Zichis on the day of listing is now worth 20 million in 3 months.
If he takes profit on Monday, that money moves from the abstract to the real.

The Get-Rich-Quick phenomenon is real and legit on the NGX.

Likewise making money out the thin air.

Keep your mind open, the possibilities of life are infinite.

Always enter with Gamble funds.



NB,
Remember that Zichis has been investigated by the authorities and found without blemish.

I have been trying to buy some for some time now but my broker said it is not available, they only get 10k units and it is +140% now.

Mankind2024:
From Bitter to Blessed
In ancient times, a story was told of two plants that grew side by side in the forest.

Sugar Cane stood tall and proud, its stalks heavy with sweet juice. Humans adored it. They sang its praises, cut it down with joy, sucked its sweetness, and carried it home in bundles. Children loved it. Elders desired it. It was celebrated everywhere.
Beside it grew the Bitter Leaf, humble, overlooked, and despised. Its taste was sharp and unpleasant. People spat it out and called it worthless. “Too bitter,” they complained. “Useless plant.” Even animals avoided it. The Bitter Leaf endured years of rejection in silence, its leaves heavy with sorrow.

Yet the same rain that fell on Sugar Cane also fell on Bitter Leaf. The same sun shone on both. The same soil nourished their roots. But while one was praised for its sweetness, the other was condemned for its bitterness.

One day, the pain became too much. The Bitter Leaf cried out to the Creator:
“Why have you made my life so bitter? Why am I hated while my neighbor is loved? Change my story, or let me die.”
The Creator, in His wisdom, did not change the nature of the leaf. Instead, He opened the eyes of men.

Suddenly, everything shifted.
The same people who once rejected it began seeking it desperately. Healers discovered its power. Scientists studied it. Mothers brewed it for their children. Doctors recommended it. The Bitter Leaf was no longer despised, it became revered.
“Bitter Leaf is medicine!” they shouted. “It heals wounds, fights diabetes, calms hypertension, treats infections, cleanses the blood, and restores the body. No herb compares to it!”
At the same time, the love for Sugar Cane began to sour. The same tongues that once praised its sweetness now warned against it.
“Beware of Sugar Cane,” they said. “It destroys health. It weakens the body. It worsens diabetes. It steals vitality and invites sickness. Its sweetness is deceptive.”

This is the story of Nigeria.
Today, many of her own children despise her. They mock her efforts, curse her name, and see only her scars. Anyone who dares speak hope or gratitude is branded “anti-poor” or “pro-government.” She is labeled hopeless, difficult, and bitter.
But just as with the Bitter Leaf, the season is changing.
The same rain that fell on other nations is also falling on Nigeria. Foreign investors who once called her “uninvestable” are now quietly naming her a frontier market, the first step toward becoming an emerging market. The metrics are turning. The soil is shifting. The same nation long written off is slowly revealing her hidden medicine.
Nigeria’s current pain is not an irreversible punishment. it is restructuring. The bitterness we taste today is the medicine being prepared for tomorrow.
Never write yourself off.
Turn lemons into lemonade.
Turn eggs into omelettes.
Turn bitter leaves into healing potions.
The Creator has not forgotten Nigeria. Those who position themselves wisely — with courage, skill, discipline, and faith — will drink the sweetness of her coming harvest.
And remember this new definition of POOR:
Passing Over Opportunities Repeatedly.
The bitter leaf did not become sweet.
It became valuable.
So shall Nigeria.

May the Creator who rewrote the story of the Bitter Leaf open the spiritual eyes of the poor to clearly see the opportunities in their midst and grant them the wisdom and courage to tap into them.

Good. The graphics is on another level.
If you haven't, could you pls open an instagram or facebook account for wider circulation of these beautiful stories. The stories should be circulated widely, much better that those ones they are flooding us with on relationships and entertainment.

leo1234:
You always miss the point.

Who told you I am suffering
We are talking about the average Nigerian in the street and you are directing your statement to me.


I know you are a billionaire but don't be insensitive to the plight of those around you.

Could you please go and pick up a form to context in the coming election so that you can help the Nigerians in the street? I believe even if it is your local government only for now, with this your state of heart, the people you serve will be lucky to have you.

Asangbekoko:
If you have really been posting your achievements in good faith, there is no reason why you should have responded to the post under reference.
He simply commented that the socio-economic situation is hard outside there, to the extent that a very few number of people have something extra to invest like us.
He therefore concluded that you should not use the rosy time we are currently enjoying in the ngx as indeces of the socio-economic situation in in the country, and use same indeces as parameter to praise the present government.
I don't think that there is any harm in this opposing reasoning faculty.
And I don't see any reason why this response should have generated any cantankerous steam from you my dear friend.
You can't be always right.
One love.

He is right in his story and he will always be right. That is his realities. The same goes for anyone in their stories and realities.

He wasn't speaking for or against the government nor responsible for what the government should be responsible for.

People should learn and be able to differentiate the scope and space.

EsvRotimiJubril:
Just planning on buying stocks.

Check out this thread, you will be glad you did.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/10474

richgang:
I will be working in a care home when I get to the UK .

I don't know what you are doing and how long it takes you to save the N30 but if you are sure of a genuine entry and a care job already waiting for you in the UK, I advise you embrace it fast. Go quickly and do not waste time.
You can save the N30m back in 2 years, and that is amist several other benefits of living overseas.

MTN and Zenith dividends came in quietly.

It is God that can help us NIgerians.

We all say we are tired of god-fatherism and that the people should decide.

1. The god-father himself was saying that the people should decide and that he will not intervene and play the role of a god-father (baba so pe) and yet several of us are still faulting and fighting him.

2. The people said they don't want you and you are running from pillar to post sending emiseries to someone to weigh in as god-father and force you on the people.

What do we really want and which way 9ja?

atrix4g:
Where art though? Ye car experts

This looks like Carina E and not Carina II

izombie:
What does ogun state need an airport for when lagos is next door? Well, let's see the traffic there but the only thing i see here is another ebonyi airport.

Abi. That is one of the issues we have.
For example in the UK, you can travel for 2 hrs or 3hrs to get to an international airports and everyone is cool with it, how many times and how many people travel out anyway.

However, the roads are good to the farthest place in the country, everywhere has power even undeveloped/green areas, if anyone is sick, ambulance will arrive 7-10 minutes when called and will be treated with dignity, primary and secondary education is compulsory by law and it is free, r every household has bins and are picked up by the councils weekly, and you can work safely and securely in any time of the day, those who are not working are supported etc. I think these type of things benefits more people and seems like a better use of money for majority for the people.

ElevationD:
Notice that Obi is consistent with his talk. When he talks about moving from consumption to production, he already made his move.

As the governor of Anambra state, he brought
SABMiller Brewery (Intafact Beverages Limited) and commissioned in 2012, even though he did not claim ownership of it. As we speak, SABMiller is said to be the biggest tax payer in Anambra state.

Go and ask about the Onitsha Harbour Industrial layout. Go there and see different industries operating and proving his claim about how to make the economy better.

The greatest headache with those who do not want him to become the President is the fear of dealing with corrupt people.

The major challenge with you all is the fight against corruption. You all seem averse to it. Nigeria cannot get better with such system where you support corrupt leaders, who never their way to power, loot the economy and keep you all in the cage of hardship.

So get a check of Obi’s business and confirm his words.

That is 2012, 14 years ago, tell me another he has done after that time; and besides, that is not his personal business, it is Anambra State government investment.

One of his personal business is NEXT Cash and Carry, in Port Harcourt and Abuja, this business is a retail outlet for selling thousands of foreign products that he imports consistently till date into the country; producing some % of such products locally is an example of production to consumption we are talking about.

ElevationD:
Now you can see why those who oppose Obi, are the ones who inadvertently promote him? You do not believe in his consumption to production and yet you gave the Dangote example. Americans and the rest of the world purchase petroleum products from Dangote, proving exactly what Obi says.

By the way, if you want to find out about Obi’s businesses, you can personally contact him. His life is not hidden neither are his businesses hidden. He’s not like some leaders whose sources of wealth are not verifiable. Ask them what they own, they show you houses and hotels.

You are mis-reading me (I think deliberately or mischieviously). I believe in "production over consumption" and everyone believes in it, what I am saying is that Dangote and Rabiu lived it, demonstrated it and we will be happy to hear this from such people. PO's version is talk, talk, his business practices does not reflect it. We want more of walking-the-talk over politician's do-as-I-say.

We all know PO's businesses and he doesn't hide it, he said it in many interviews.
I will personally believe him more if he practicalise "production over consumption" in his personal/private businesses.

I come in peace, so instead of this your write-up, if you have PO's ear, kindly whisper this to him. He should build an industry to replace at least one of his imports, cover it on social media as he usually do, then, we will all fall over our heels to support him wholeheartedly instead of the mixed feeling we have, given that he is a politician.

ElevationD:
We can only laugh at this write up by David Hundeyin. He ended up promoting Peter Obi. He ended up assuring Nigerians about what Peter Obi represents and what he will bring to the table as the President. He showed his belief in Peter Obi completely. He proved that Peter Obi will build the nation and make better and sustain able structures. He gave us the picture of what Obi and an Obi Presidency will look like. He told us clearly that with Obi, our industries will work again.

Hundeyin ignorantly did not remember that the likes of Donald Trump presently promote the free market system. Hundeyin’s ignorance did not let him know that Africans, particularly Nigerians are getting deported daily and told to go and fix their country. Hypocrisy does not let the individual reason properly. Since Nigerians travel abroad in search of better lives, how would it be like if we find a leader who makes our country the same as the countries that our citizens japa to?

If Li Quan Yu could build Singapore from the scratch, dealing with corruption and corrupt people, making Singapore the USA of Asia, why can we not have a leader who should be allowed to achieve that?

We saw a better Nigeria, dealing with corrupt practices and dirty environments in 1983 - 1985, in the days Buhari and Idiagbon. Babangida removed them and corruption became an institution thereafter. Who will save us from corruption, which is the only reason for the problems of this country?

A new Nigeria is possible with PO.

Good write-up as usual and it always make sense but lacks practicality appeal.

Dangote built refinery in Nigeria that practically remove significant market from many refineries in Europe. I don't believe the forces described are not aware but the desire to build such magnificient economic edifice is stronger in it's originator than the forces against it.

I do not believe in PO's "from consumption to production" beyond its being just a political jingle from a politician.

Let PO start by building personal/private industries in Nigeria to replace his enourmous importation businesses, these industries can produce the same goods and services that PO 's marketing companies imports into the country afterall, Dangote and Rabiu that are not politicians did that successfully.

MrEar:
The Issue With Peter Obi - David Hundeyin



source

Good write-up as usual and it always make sense but lacks practicality appeal.

Dangote built refinery in Nigeria that practically remove significant market from many refineries in Europe. I don't believe the forces described are not aware but the desire to build such magnificient economic edifice is stronger in it's originator than the forces against it.

I do not believe in PO's "from consumption to production" beyond it being just a political jingle from a politician. PO can start by building personal/private industries in Nigeria to replace his enourmous importation businesses, these industries can produce the same goods and services that PO 's marketing companies imports into the country afterall, Dangote and Rabiu that are not politicians did that successfully.

adamkkk:
This pastor is a liar

The Chairman of CAN back then was Oritsejafor, and he was working for President Jonathan during that time. There is no way Oritsejafor would give a directive to protest against Jonathan when he was benefiting from PDP back then.




PS: The below screenshot stand as proof of my claim.


I wrote my comment before even asking AI about this to show everyone, because i remember vividly everything that happened before and after the election. I have photographic memory and i can quote even news paper from 2015 word for words headlines and pages that i saw.

is the protest in 2015? You may need to check again please.