₦airaland Forum

phadriz:
For instance Company A is a listed company and can get a product from Company Z (an external company) at 3m, the major owner of company A have a company called company D and give company A 20% holdings there to establishrelationshipin the group. Company A will pay Company D for the product upfront at 4m, then company D will buy it from company Z at 3m to supply company A. Anytime the major owners of the listed company (A) needs money they collect it and ask the finance to book it against company D interco.
The staff of company A will be the same staff running company D, yet they will be booking fictitous expenses in company D. They will get one hungry mushroom auditor who can dance to their tune to audit company D

megawealth01:
The bitter truth is that E go hard for Wale to change. E fit be say leopard go change skin easily than Wale change?

BabsO2:
He founded the company. He decides how things should go. Investors are free to sell their shares or start their own company .
Nigeria is still extremely under-developed and needs many more entrepreneurs to set up big businesses like Wale .

Streetinvestor2:
It would have been a good news if they are saying the truth but it is a big lie.That cbn guy and finance guy got thr blessings from Muhammad lair the formal minister of information
The reserve can not be going up without impacting the exchange rate positively

Zxcvbnmghtr:
Charity begins at home. How many people care to make their backyards productive? How many?!!! Always blaming the government for everything.

YorubaForum:
So Aguiyi Ironsi was killed in ibadan? Chai, and we are blaming only northerners for his death

You see this ewe-du demons are not worthy to be called anybody's friend.

Hmmm, I really learned alot today.

fxtree:
Greetings all. I work in Nigeria but earn in dollars. I have always been reluctant to invest in stocks, as my dollar-denominated salary has significantly hedged me against the constant slide of the Naira. Lately, the thought of diversifying into stocks has been recurring. Will buying stocks be as profitable compared to saving in dollars? I am in for the long run (5 to 10 years). Kindly advise. Thanks.

Deadlytruth:
I see MB doing wonders too either short term or medium term.

wegevv:
Tories were under some pressure from UKIP and Nigel Farage when Cameron was seeking re-election. Cameron decided to promise a referendum on EU because he viewed it as an easy way to appease the far right minority in his party that were clamouring for it. Many of them were only doing so because they feared losing their seats to UKIP. Surely the UK population would never vote to leave right lol

Unfortunately for them, Boris Johnson saw the referendum as an opportunity to boost his popularity among the far right conservatives to maybe one day become prime minister and suddenly it wasn’t just some far right movement.

Cameron was openly against leaving even though he was the one calling the referendum. If Brexit won he would be forced to resign, which he did. I doubt even Boris really wanted Brexit. It was just politician after politician climbing on the movement for their own personal ambition. In fact many of them did so because they believed it would never actually happen.

Just comical all round.

BreconHills:
Do you even understand these positions and what's needed? These jobs require extensive political experience and networks.

There will be younger people behind the scenes managing Calendly, Tidycal and Microsoft project apps.

PNomsule:
All these band wagon appraisals, abeg!

1. How would the crude be transported from point of drill to the refinery and in consideration of the plausible congestion already in Lagos? The crude will be sourced from 3 continents and will be brought by tankers(crude transporting ships) and will be dislodged through the new port in the same location.This also applies to the crude that will come from Nigeria (Niger delta or deep offshore.

2. What sort of regulations would be put in place to see that Dangote Refinery doesn't exploit her end users? Dangote refinery is a private entity. He will still buy crude at the prevailing international market prices from NNPC just like other customers, so nothing really has changed except the cost of shipping from Europe/Asia that will no longer be necessary. The refinery will also sell to other African countries at prevailing int'l market prices. It is good to know that international prices is transparent, so any differential will be frowned at.

3. Would govt discontinue the subsidy payment given Dangote Ref would be able to supply more than the daily required fuel consumption by Nigerians? this is entirely govenment decision and has nothing with Dangote Refinery (DR). e,g, If DR is selling at 10kobo, government will buy from DR at 10kobo and can decide to sell to Nigerians at 6k and thus subsidised by 4k. It is solely government decision.

4. How much is Govt stake in this supposed private entity? The last time I checked Nigeria through CBN bought 20% at $2.6B, it was described as a strategic move to compell DR to buy 300K barrels of crude daily from Nigeria.

5. What alternative plans would the nation have so we don't get over reliant on this sole refinery especially that it's run on a single train?Importing option (buying from EU or Asia, that has been used for decades will still be open for use. Secondly, modular and other refineries should spring up.

Supremos:
I know you're petty. I'm not among the framers of the constitution.
Deal with it. The constitution has already given the conditions for one to emerge as president.

1. Majority votes
2. 25% of votes cast in 24 states AND
3. 25% of votes cast in FCT.

If it's not okay by deal with the constitution

Mimiwems2:
Am new to this thread. Someone introduced me to. Bamboo but I try to understand the app.
How can I invest in a company that pays dividend either weekly or yearly.
I will appreciate your input

Perewenkle1:
This is what I find very troubling with our people and how we defend guilt as clean.
The constitution is very clear. “You can not hold another country citizenship and be a president of Nigeria” this was to avoid double agent, which country can you then defend.
Honorary citizen does not confer you the country’s passport, we all saw Tinubu and his pictures affixed on Guinean passport, a clear violation to be president of Nigeria if he did not renounce his citizenship before running for Nigerian President.
Another Supreme Court interpretation of honorary citizen, Supreme Court interpretation of 2/3 of 36 states “And Federal territory” they will lie and make us look stupid in the international arena.

judatech:
You mean everyone was just watching the guy die? 🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️

yok:
THESE DAYS. COUNT ME OUT OF THE GAMBLING TYPE OF STOCKS
Today, we bought LPG (DORIAN) on the basis of fundamental and good chart pattern.

OakPearl:
GFAI on steroids.
Left the $13.04 bus stop posted minutes ago!!
Got to over $17, now $16.61!

onegentleguy:
Final Dividends Distribution Paid/Payable So Far in 2023


#copied

onegentleguy:
Final Dividends Distribution Paid/Payable So Far in 2023

Thanks
#copied

openmine:
Texas,a state in the US,have 27 working refineries!

Boogiebee:
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen