₦airaland Forum

Mankind2024:
From a Joke to a Journey: The Quiet Power of Discipline and Compounding.

A Personal Reflection
In 2022, I reconnected via WhatsApp with a university friend I hadn’t seen since 2012. It was shortly after the birth of my daughter—my third and last child. I often say, half in prayer and half in gratitude, that I do not wish for another child as my wife refused to sterilize and also dislike family planning, may God, in His infinite mercy, bless those who desire children with their own. Amen.
During our conversation, he casually asked, “When are you visiting the US?”
Without thinking, I replied jokingly, “When the profits from my US portfolio are enough to fund a trip for my family of five.”
At the time, it was nothing more than a lighthearted remark. In truth, I had never even applied for a Nigerian passport before, let alone seriously considered traveling abroad. I am anti- JAPA.
My entire US portfolio was worth less than $1,000.
But something changed.
As I grew in entrepreneurial wisdom, knowledge, and understanding—driven by a strong conviction for FIRE (Financial Independence, Retire Early)—things began to take shape. I made a conscious decision to take control of my financial destiny. I tuned out the noise:
“The US market is overpriced.”
“The dollar is losing dominance.”
“China has taken over.”
“A massive bear market will crash the NYSE.”
“The US economy is unsustainable for her deficit.”
“BRICS will replace the West.”
Through it all, I remained disciplined, consistent, and patient—allowing time to do what it does best: compound.
I look back at moments that could have shaken me:
The August 2024 market dip (BlackMonday), when my portfolio was down over $11,000—deep in the red. I did nothing.
The 2026 ongoing strait of Hormuz war between Iran, US and Israel, alongside global tensions and Oil blockades when my US portfolio dropped by over $17,000. Still, I held firm.
No panic selling. No emotional decisions. In fact, in 2026, I have not made a new US investments—only reinvested dividends.
Today, as I reflect on this journey, I find myself nurturing a new ambition: exploring the United States. I don’t know exactly when it will happen, but I am confident it will. And when it does, I’ll share those moments without my pictures —perhaps even photos titled “Mankind2024 in the US.”
What once started as a joke is gradually becoming a possibility.
Here’s the most powerful part: without touching my capital, the unrealized gains from my portfolio alone could now fund a holiday with return trip from Nigeria to the US for a family of five.
If there’s one thing I hope this story conveys, it’s this: there is power in vision, discipline, and affirmation. Stay the course. Let time and consistency work in your favor.

Congratulations on your agile portfolio.
Thank you so much for sharing also. I am sure you are achieving one of your aims, to motivate others. I am motivated. Well done.

If you don't mind, could you please show/share the full list or some of the major equities in the portfolio?

franchasng:
We the opposition leaders and supporters in ADC have cocked our guns and set our armored tanks on ready mood, waiting and ready to begin firing at Aso Rock villa from all angles until everything there is leveled to the grounds


Guys its about to go down......maintain your position, don't shoot don't retreat, just stay in your trenches and wait for the next order from your commander



Up ADC! Up ADC! Our victory flag is waving and men ready to climb the hills to erect the victory flag as we capture the enemy's capital tonight

When DSS invites you now, you will start singing like a bird!

Tenses:
Are you serious. With the level of depreciation and inflation what is left of your stock value.

Naira is at its lowest level.

Buying stock might don't bail you out especially in this shitty tinubu's economy.

That is how they mislead people.

Share acquisition is a better alternative for people who are old or who cannot handle the hustles and hassles of starting their own businesses.
All the rich men you know, Dangote, Otedola, Elumelu, Rabiu, Jim Ovia etc. are rich and are getting richer because they have emourmous amount of shares in their own company, companies they acquired or other people 's businesses.

Anyone who is working needs to get into share acquisition religiously, take advice from your brokers on good dividend paying stocks to buy for steady capital acquisition. The more of them you have, the better your retirement will be.

Agbalowomeri:
Don't you think Dangote sugar will still reprice to N300?

Honestly, I do not see it reaching N300 from the current N69.
Comparing both of them shows clearly. See the screenshot.

I am thinking of selling my Dangote Sugar and use the proceed to buy Dangote Cement or WAPCO? Is it a good move?

DonDiego:
You mean someone deliberately sought to lead and when he gets there it is left for the one whom he made promises to, to list out for how to make his living conditions better while he takes all the glories of being the leader? I really don't get it. Maybe, he should start from his actual promises. Power. Regular and affordable electricity. Security. Reduction in the cost of living. Affordable healthcare. Education. I mean the list is endless. I am surprised that you are asking me to chart a roadmap for these here for the government or to develop a policy document for attaining these. So, what is the job of all the wonks and technocrats appointed and being paid for that purpose? We make too much excuses for non-performance in this country and when a few point it out, we turn the nuzzle in their direction and leave those we really should be holding accountable.

We are not talking about the government but YOU!
We know you are not in government but want things to be better.
If you know so much to see clearly and judge the policies, then you must have some re-reforms in your hands. It takes patriotism to have such passion. That is what we are asking you.

Besides, you don't know who is asking you, it may be the C-in-C himself.

What do you think would help the average Nigerian? What policy should be reversed or implemented? No vagueness, no insults, no aggression but objectivity.

DonDiego:
Maybe we should start with cutting down on the corruption. Trim the outrageous wastage in governance. Then, actually focus on the people rather than on the politicians and their elite cliques in business and the executive suites. That's what a serious minded government facing the sort of conditions that Tinubu met in 2023 would do.

Vague (as usual) and you know it. If you can write the above, you should know they are vague.

Just got my NASCON and GTCO dividends.
Honestly it is sweet. I now understand clearly the reaction to UBA zero dividend, the impact is real, UBA is no longer dividend Aristocrat! Simple!

emmanuelewumi:
CBN did not give them the go ahead to pay dividends

Recommendation for the Executive(Presidency) Considerations

I think the Presidency needs to step in, not to break the CBN, but to broker a sensible timeline.

The stock market has been one of the few positive stories of this administration. By asking UBA not to pay dividends, the CBN has triggered a contagious sell‑off across banking stocks. If they do the same to AccessCorp and FBNHoldings, the drop will be massive – and that damages confidence far beyond the banking sector.

We are not saying the CBN should stop regulating. Prudential rules are necessary. But regulation must consider the real‑world impact on the economy and on millions of shareholders.

The current one‑year forced provisioning for legacy FX loans is unnecessarily brutal. Instead of one year, why not use two years to write off those loans? That way:

1. Banks can still pay partial dividends (e.g., 40% of prior year) if they meet quarterly provisioning targets.

2. The CBN still gets a clean banking system by mid‑2026 – just not overnight.

3. The stock market avoids a crash, and the administration keeps its visible success story.

What I am not asking for is a public fight or a crude “calling the CBN to order”. That would harm regulatory independence and scare off foreign investors. Instead, the Presidency should quietly ask the CBN to issue a revised circular – with forward‑looking, clear rules – that allows a 2‑year transition and tiered dividends.

That is the win‑win: the CBN cleans up the books, banks survive, shareholders are not wiped out, and the market rally stays alive.

HesInMe:
I've never really understood why people care so much about share count when comparing valuation across firms. It's utterly meaningless on its own.

Value is value whether you syndicate it with 1,000 shares or 1 billion shares. Surely investors can do the simple arithmetic.

... the same way I wonder why many people think about a company's share price appreciation in Naira (N) instead of percentages (%).

Why is government still building power stations?
There should be a clear decision, you can't be privatising what you have already and still be building new ones, that is policy summersault.

debeey87:
United capital agm starts at 10am this morning. You can stream here
https://unitedcapitalplcgroup.com/agm

Edited

Thanks for sharing.

mikeapollo:
It is for you to interpret and understand what you see happening in broad day light in your country, in your presence.

Nepotism destroys a nation. It breeds incompetence, corruption, conflict of interests etc
Buhari did it and we complained but nothing was done to address it, contributing to the failure of the govt. This govt too is doing a similar thing and a failure would spell doom for Yoruba people because nobody would listen when Yoruba start complaining about bad governance in this country. Well meaning Yoruba statesmen have already cautioned the president but it seems he does not listen

Just a few names/positions:

CBN governor, Yoruba
NRS (former FIRS) chairman, Yoruba
Minister for Finance, Yoruba
Minister of State for Finance, Yoruba
Minister for Interior
Head of Nigeria Customs Service, Yoruba
IGP, Yoruba
Head of NNPC, Yoruba
Chief Justice, Yoruba
Chief of Army Staff, Yoruba
Head, DSS, Yoruba
Commandant, Nigeria Defence College, Yoruba
Accountant General of Federation, Yoruba
EFCC Chairman, Yoruba
Head, NUPRC, Yoruba
Head, AMCON, Yoruba
Head, BPE, Yoruba
Head, NPC, Yoruba
Head, FAAN, Yoruba
Head, NIMASA, Yoruba
Head, NAICOM, Yoruba
Head, NEPZA
Head, NIMC, Yoruba
Head, NAFDAC, Yoruba
Head, National Pension Commission, Yoruba
Head, Federal Fire Service, Yoruba
Head, NOA, Yoruba
etc etc etc.

A balanced post would have shown appointees from other tribes so that we can see clearly what you are saying instead of feeding us with an incomplete information. An incomplete information is misinformation and it is mischievous. Transparency is important.

dre11:
https://punchng.com/nnpc-april-crude-supplies-to-dangote-cross-1bn-barrels/?utm_source=rss.punchng.com&utm_medium=web#google_vignette

Why are we dubious with posts? I don't know if it is NNPC or the reporter.

Crude oil is generally measured in barrels and not litres, so why using litres to confuse Nigerians.

Let's convert 1 billion litres to barrel and see.

1 billion litres is approximately 6.29 million barrels when using the standard US oil barrel (42 US gallons = 158.9873 litres).
More precisely:

1,000,000,000 litres ÷ 158.987294928 litres/barrel ≈ 6,289,810.77 barrels.

If using the common industry approximation of 159 litres per barrel:

1,000,000,000 ÷ 159 ≈ 6,289,308.18 barrels.

Dangote refinery capacity is 650,000 barrels of oil per day. This means that it will use the so called one billion litres in just about 10 days.


How long will Dangote Refinery use 1 billion litres, do this in barrel and litres?

At its current capacity of 650,000 barrels per day, the Dangote Refinery would take approximately 9.68 days to process 1 billion litres of crude oil.

Here’s the calculation in both litres and barrels:

🔢 Step-by-step
1. Convert 1 billion litres to barrels
1 US oil barrel = 158.987 litres
1,000,000,000 litres ÷ 158.987 = 6,289,810.8 barrels

2. Daily processing capacity

Barrels per day: 650,000 bpd

Litres per day: 650,000 × 158.987 = 103,341,550 L/day (approx.)

3. Time to refine 1 billion litres

In barrels: 6,289,810.8 barrels ÷ 650,000 bpd = 9.6766 days

In litres: 1,000,000,000 L ÷ 103,341,550 L/day = 9.6766 days

✅ Final Answer
Unit Time
Days ~9.68 days (≈ 9 days 16 hours)
Barrels equivalent 6.29 million barrels (the 1 billion litres)

Note: This assumes continuous operation at full capacity. The refinery’s planned future expansion to 1.4 million bpd would cut this time to about 4.5 days for the same 1 billion litres.

DeLaRue:
Nigerian government doesn't buy crude oil.

That's Dangote refinery.

You people just get worked up over every little thing.

Crude oil is an international product.

The United States is the largest producer of crude in the world. It exports, but also imports massive amount from Canada, and even Nigeria.

Saudi Arabia imports large volumes of crude oil, even though it is the largest exporter of the product.

The crude oil market is complex. It is not like buying and selling of tomatoes.

You people should get back to your work and stop the noise.

This is the major problem of our country: we are too emotional. There is nothing terribly good or bad about importing or exporting — if we know what we are doing.

Nigeria has used crude supplies for a number of years as security for debt servicing and repayment. The Dangote Refininery Company came into being with a heavy need for crude locally. The country cannot renege on those agreements until they are fully fulfilled. At the same time, DSR cannot simply wait indefinitely — Nigeria needs crude for its own refining capacity. So DSR imports crude into Nigeria. Simple.

A common example is the automobile industry. Germany has some of the world's best brands as its local companies — Mercedes, BMW, Audi, VW, etc. That doesn't stop Germans from importing Range Rovers and Rolls-Royces from Britain, Teslas and Fords from the United States, Volvos from Sweden, and BYDs from China.

Let's learn to calm down. Biko!

chimex38:
I think people are keying in to the 14% extra bonus (1 for 7) added to dividend yield from the proposed dividend. That's about 17%-20% in total dividend
( for average purchases between ₦100-₦180).

QD is also at hand=May 1.
So probably rotational investors want to acquire as much as possible to make the 14% extra bonus worthwhile, hence the high demand as the closing window approaches.

With this few points of mine hope I have been able to convince you why the 50% rally is holding for now aside the hotel lunching

technically, there is no 14%. the prize will be adjusted accordingly.

e.g. if 7 share is N7 before, 8 shares after 1 for 7 will still be N7.

Ocallen:
Guys, please help, I was asked to make a payment on Leadtraderng (LEAD CAPITAL plc) to get my account activated. Is that how they operate? I was given two account numbers, one for Mutual fund and the other for Equity with a minimum pay of 50K and 250k respectively.

I suggest you either do what they've asked you to do, or ask them for clarification. That would be more productive than asking here.

For what it's worth, I've been using Lead Capital for many years and have never had a single complaint. I see that several people here have had issues with their brokers, but my experience with Lead Capital has been completely trouble‑free.

Hope that helps

PETERiCHY:
Of course age don come Nosa Stubbornness no get part 2, though I remember his NEM recommendation @53k back in 2010 that later paid off...

2010?

nosa2:
Why settle for 100% when 200% is possible

Come to think of it, I sold my ETI to buy OANDO.

owobokiri:
In few years to come, the monumental corruption that just went down before this law was signed will surely be released..
Call me a pessimist, but we are always proven right on stuffs like this. Nigeria is irredeemable. Other major oil producing nations are basically set for life because they have a hold on their oil industry. In Nigeria, we are always running to a corrupt SHELL and CHEVRON like refugee children looking for food..
Does it mean that we are incapable of taking the lion share in the exploration of hydrocarbon in Nigeria!?

All the major oil platforms in Nigeria are basically owned by this same SHELL and few others who financed Gowons and Murtalas war against the former Eastern Nigeria. We have nothing like the Saudi ARAMCO or the Brazilian PETROBAS in this country, and that is because some people have agreed with western multinationals to loot the oil resources of this country dry.
SHELL and Co still make more money than Nigeria from oil deposits in Nigeria almost 100 years after independence. Some will call it "business". It is not. It is nothing but an active scam that has been running since 1966..

Gluttonous kleptomanaics..

Pure display of ignorance!

With internet and chatGPT, This is no longer acceptable. Use those tools - check out the PIA, Split of the barrel for Nigerian Oil etc. You will thank me for this enlightenment.

OsunOriginal:
Iran didn't start the war. It was USA and Israel that attacked Iran (now twice) in the middle of negotiation thinking with their combined power they could pound Iran into submission. They were wrong and Iran has demonstrated not only resilience but also fire power that would make the USA think twice before foolishly joining any future attack on Iran. Iran suffered extensive destruction but so also the US and Israel. Most of the USA bases in the region were destroyed. many of their radars, Thaad systems, etc were destroyed. This is not to mention the air assets (AWAC, refueling aircrafts, etc) that were also destroyed. I have never seen US beg for ceasefire like this. The once untouchable is not now having his noise blooded by Iran. And you need to visit Israel to see the level of destruction there. Why is nobody jubilating in Israel after the ceasefire?

Could you guys please respect yourself and respect others? Several people have appealed and posted here that you should please take the politics of Iran/US/Israel into the politics section and spare us the stress so that we can concentrate on NSEMPA issues.

FYI, most of us here are also discussing this extensively but we are sensitive and honourable enough to do that on appropriate threads. Biko.

stokfrick:
Can we stop turning this place into a wold political debate forum and focus on why we are here? This is becoming too much

Thank you.
This has passed how it affects the Nigerian Stockmarket picks now, it is now something else.

Please stop this here and kindly relocate the discussion to Political or war thread. Please.

nosa2:
ETI seems to be getting filled with rocket fuel. It would soon be lift off.

Have you bought your ETI?!

Time is running out

What is the prospet of this ETI? Kindly share.

Inspiration2017:
Here is a thorough analytical deduction from this ADC press statement:

---

**STRATEGIC CONTEXT**

This is a formal alarm statement from the ADC faction loyal to Senator David Mark, addressed to the Nigerian public and targeting INEC's conduct. The tone is legally calibrated, politically urgent, and deliberately documented — suggesting it was crafted with litigation and public pressure in mind simultaneously.

---

**KEY DEDUCTIONS**

**1. The Core Grievance Is Procedural Entrapment**

The ADC is not merely complaining about a political disagreement. They are alleging that INEC has constructed a procedural trap: by refusing to receive correspondence from the party while simultaneously maintaining a strict May 10 deadline for candidate submission documents, INEC is engineering a situation where the ADC will miss statutory deadlines through no fault of its own. This is a sophisticated legal argument — manufactured non-compliance designed to look like organic failure.

**2. INEC Is Playing Both Sides of the Contradiction**

The statement's most powerful point is the internal contradiction in INEC's conduct. The Commission:
- Monitored the July 29 NEC meeting
- Documented the proceedings through field officers
- Updated internal records with David Mark and Aregbesola's names
- Filed a sworn court affidavit in September 2025 recognizing the Mark-led NWC

Yet it is now refusing to receive correspondence from that same leadership. This is not a minor inconsistency — it is a legally and institutionally significant reversal that the ADC is clearly preparing to weaponize in court.

**3. INEC's "Protecting Court Proceedings" Argument Is Weak**

INEC claimed its April 1 decision was to avoid prejudicing the Federal High Court proceedings. The ADC correctly identifies the irony: INEC's intervention itself constitutes a legal pronouncement with operational consequences, which arguably does more to undermine the court process than protect it. A genuinely neutral INEC would continue normal operations while the court decides — not freeze a party out of the electoral calendar.

**4. May 10 Is the Real Battlefield**

Everything in this statement revolves around one date: May 10, INEC's deadline for submission of relevant party documents. If the Federal High Court has not delivered judgment by that date, the ADC — under the current INEC freeze — will be unable to submit what is needed. The result is automatic exclusion from the 2027 election cycle. This deadline is therefore not administrative background noise; it is the central weapon in play.

**5. Aregbesola's Inclusion Is Politically Significant**

The statement names Rauf Aregbesola as National Secretary of the Mark-led ADC. This is notable because Aregbesola is a major political figure — former Governor of Osun State and former Minister of Interior — whose alignment with this ADC faction adds weight, visibility, and political credibility to the Mark camp's claim to legitimacy.

**6. The "Civilian Dictatorship" Framing Is Deliberate**

The closing line warning against "a civilian dictatorship" is not casual language. It is a politically loaded phrase designed to frame this dispute not as an internal party squabble but as a democratic emergency. This framing is meant to attract civil society attention, media amplification, opposition solidarity, and potentially international observers.

**7. Nafiu Bala Gombe Is the Opposing Instrument**

The reference to the Federal High Court case involving Nafiu Bala Gombe confirms he is the rival claimant whose litigation INEC is using as justification for its freeze. The ADC is essentially arguing that Gombe's court action — possibly coordinated with hostile political interests — is being used as a legal vehicle to disable the party from the outside.

---

**BOTTOM LINE DEDUCTION**

If the facts stated in this press release are accurate, INEC is either complicit in a deliberate effort to neutralize the ADC, or it has made a deeply flawed institutional decision that functionally produces the same result. The May 10 deadline creates an irreversible outcome if not urgently addressed. The ADC's only viable paths are a court injunction compelling INEC to resume correspondence before that date, or direct political pressure that forces INEC to publicly reverse its April 1 position.

The most dangerous element is not the leadership dispute itself — it is the intersection of an arbitrary administrative deadline with a judicial freeze, which together create a perfect mechanism for exclusion without fingerprints.

Good wok. Thank you. Educative.

Coiuld you also take a look at the INEC's response through the interview of it's Chairman and deduct the inplications/complicities? Kindly recommend the way forward for both partioes also.

israelmao:
Did APC build viable opposition party from the scratch or it emerged through merger?

APC merged into a brand new political party, named it and registered it as APC.

This recent coalition did not register a new party but adopted an already existing party - from SDP to ADC, haven't they started shopping for other parties - NDC etc. in case ADC did not work? There is something not desirable about that, it positions them as opportunists and not builders. Developing coi=ungtries need builders and not opportunists.

Vision101:
What was the ruling of the court in PDP case?

Nafiu joined INEC as a p-arty in the suit and the court order was to all the parties, meaning INEC got a letter with direct instructions from the court just as each of the parties but decided to obey it. If the other parties decide to disobey the court order, that is their own palava.

LordFaraday:
Someone posted this on nairaland last year, and that's the truth regarding Ajaokuta

"Ajaokuta Steel Company was built by a Russian Contractor (Tyaz Prom Export) between 1979 and 1987.
‎
‎Now, between 1987 and 2007, Most of the components of the Steel Mill were looted & sold as scrap metals.
‎
‎When Obasanjo wanted to revive Ajaokuta Steel Mill in 2003, instead of calling on the Russian Contractor that built the Steel Mill from scratch; Yes, you guessed right! Obasanjo awarded the contract to a fictitious American Company called “SOLGAS ENERGY” that did absolutely nothing for a year before the contract was cancelled and then given to an Indian firm called GINL Ltd in 2004. This company looted more than 40% of the Ajaokuta Steel Mill components without doing anything.
‎
‎Now listen to me, Ajaokuta Steel Mill can be likened to a 1972 Volkswagen Beetle. Successive Governments after Governments stripped & sold the components of this Beetle for over 30 years, and now that only the Chasis, Bumpers, Steering Wheel and the worn-out tyres are the only remaining components of this Beetle, the Government now wants to import Hyundai Engine, Toyota Gearbox, Kia Exhaust Pipes, GAC windshield, IVM Fenders and merge them together into the skeleton of this Volkswagen Beetle.
‎
‎if this is not the definition of madness, Please tell me what it is?
‎
‎YES! Aliko Dangote is correct. Ajaokuta Steel Mill CAN NEVER EVER WORK. Unless it is completely stripped down and a BRAND NEW STEEL MILL is built in its stead. Any task undertaken to revive this dead & buried Steel Mill is just an exercise in futility.
‎

The same way Shell told Obasanjo that the refineries cannot work, and he sold them—but Yar'Adua reversed it. Since then, governments have spent billions of dollars, and they are still not working. Corruption is worse than cancer; it makes people behave as if they are mad.

Editorialtimes:
Nigeria–UK £746m Deal Raises Fresh Questions Over Ajaokuta Steel Revival | Nigeria News Today



Source: https://thebureaunews.com/nigeria-uk-deal-ajaokuta-steel-revival/

Are they saying we should wait until Ajaokuta is working before fixing the ports? Haven't we waited enough—over 30 years, with several billions poured in and nothing to show for it, just like the refineries? I think the government showed seriousness about fixing the ports by importing steel. Please, not every decision should be politicized.

presiade:
Who’s this one?

presiade:
There nothing like restrategizing here, they simply haven’t gotten the go-ahead nod from the CBN. They’ve long submitted their AFS containing their proposed dividend and bonus (if any) to the apex bank.

He is obviously joking, it is not everything you respond to seriously here.

emmaodet:
Let's assume I bought it through first bank after which I use Ucap as my broker to move it to my cscs account, will it work?

I would have said no but I suggest you ask them directly, they may have a way around it. Usually, the lender has to be in custody of the asset you are using for collateral so that they can place a lien on it, especially since they have similar products.

[quote author=222Martins post=138951075]Did a UCAP insider just drop his private account details in public?

With due respect, you are doing exactly what the person did. Those of us here don't have seen the pricate account if YOU did not post it here. You are as quilty as the initiator. Next tine, just share the text but not the account.