₦airaland Forum

deenee:
US work with a bulge bracket PE firm

Small world!

AjanleKoko:
@OP,
How is ICAN playing on people's greed?
Are you saying aspiring accountants are greedy?

If there's a high failure rate, it's not surprising. Exam failure is a hallmark of Nigeria's education these days. Nobody reads, people just register for exams and expect the questions to leak or something. Too bad.

ADint:
They do - through SPVs. These show up on their books as Investments and investment income or similar.

gbengaijot:
reading some individuals comment on Nairaland makes me cringe. Shows how uninformed some are.

Before you post or insult please always use google to search for information or better still try things out yourself.

1. Before he won the bid, he would have a proof of agreement with banks to lend money

2. It was after the contract came that they stalled investing the funds (they did lot of meetings and the bank reneged on their promise; contract; agreeement)

3. No millionaire sponsors project with their money. They use banks. Thats the essence of banks

4. Nigerian banks are myopic in their lending structure. In the UK, you can get a £25,000 loan spread over 5 years. In Nigeria, no bank will lend you 1 million over a 2 year period.

If you doubt me, take your small business proposal (an already existing biz o) to the bank where you have some money. Ask them for a 1 million Naira loan and see if they'll give it to you.

The bank should have just asked the Government to GUARANTEE the loan, if they are scared that babalakin will not pay back.

That is what the UK govt did recently, (i understand that we are two different nations, but i mean, banking is same everywhere, isnt it?)


Now, can anyone tell me how we can have more jobs, when we are allowing foreign institutions to invest in our country because local banks cannot get their "sogundogoji" (turn 20 to 40 instantly) returns within 1 year.

ADint:
Perhaps you want to go over what I wrote again. - The bank will own the license, but get an operator to run it. "The licenses cost $285m which they could have easily raised, it would then simply be a case of bringing in a competent operator/investor to run the business. ".

Banks in most of developed world own a good chunk of the businesses/industries in those economies, albeit indirectly. Which is why they are such behemoths and are able to declare such huge turnovers and profits, because they are directly partaking in the success of virtually all the businesses within and even outside their domain!

ADint:
Nigerian banks are appallingly disgusting! They never ever have the foresight to see an opportunity and grab it by the horns. It's not about Babalakin being a bad debtor, it's about our banks stubbornly refusing to finance any project that will not make them 20-30% returns a year! - Which is an impossible return on long term projects.

Our 4 biggest banks (First Bank, UBA, Zenith, GTB) range in age from at least 20 yrs to over 100 yrs, yet the combined turnover of these 4 banks at N762 billion is almost the same as 10 yrs old MTN Nigeria's at N749 billion!! How blind are these banks? Couldn't any one of them have seen the huge potential waiting to be tapped in the telecoms industry in Nigeria and set up a telecoms company and bid for one of the licenses in 2001? The licenses cost $285m which they could have easily raised, it would then simply be a case of bringing in a competent operator/investor to run the business.

South African banks are taking over most of the major long term financing in Nigeria. Dangote liquidated all his loans with Nigerian banks and moved the entire facility to South African banks at better rates and longer tenors. Believe you me, the South African banks would give Babalakin the money he is looking for, and they would be smiling back to South Africa every year with their repatriated interest income that could have easily stayed within the banking system/economy in Nigeria, but for the mindboggling greed of our banks!

economia:
how much is the basic fee to study at master in london school of economics?

Double N:
I'm in a quagmire as regards my career at the moment. I have recently gotten admission to a school in Scotland to do my MSC in a very promising field in ICT and just yesterday got a Job Offer from one of the foremost insurance firms in the country(In their IT department). Quickly pounced on the offer cos i have been out of sorts in my current place and the benefits are very good though the pay could be better. Kinda confused on whether to just defer the admission indefinitely till further notice or plunge into the deep and head out for the MSC. . What do you think guys?

Sun of god:
On the one hand she talks about resigning from the world bank to serve Nigeria. . . . .

And on the other hand there are stories about her salary demands and currency it should be paid in. . .

If she really wanted to serve Nigeria whole heartedly, money wouldn't be an issue.

She's out for the maximum amount of money and recognition she can get for her talents.

samguru:
Whats the noise about?she worked with obasanjo and no improvement witnessed in the economy all we used to hear was persuasive and indictive messages.for God sake when are we going to be delivered from these people recycling themselves? By the way her appointment @ WB was the handywork of obasanjo because of his diplomacy.
Posters.is it a taboo jonathan place the ministerial vacancies in newspapers? God will deliver us!

ehie:
let them be,u are only young once, u need to see the kind of extreme sports people do overseas,sky diving,bungee jumping mountain climbing,ad what is the beef with being rich,we all want to be rich and successful and not every one will be,best be happy and stop player hating, stop sipping the haterade juice and lighten up abeg

maclatunji:
I was in the plane from Calabar to Lagos. About 2/3rd of the journey, I started feeling pressure on my ears. Gradually, my hearing dropped and as the pressure increased so did the pain. I looked around and saw that everybody was quite normal except me. The couple beside me were chatting away without problems (at this point, I could not hear what they were saying). The lady seemed to identify my condition, saying it was cabin pressure. I was in serious pain for about the next twenty minutes (holding my head like superman suffering from kryptonite) until the plane landed in Lagos. Funny, I have not done more research on that predicament to see if there is anything I can do to prevent a re-ocurrence. Prior to that I was on a flight from Lagos to Calabar and everything went fine.

zengurl:
@Maitema,

I feel your pains reading posts like this online. But what do they do when they are in a society that does not listen. Management does not want to listen. They feel whatever they are doing is best and best for the company. They are so concern about their own selfish interest and not interest of other members of staff.

And Mind you, THAT ALLOWANCE they call PROFIT SHARING IS PART OF their SALARY. Its only TAGGED profit sharing ITS A FRACTION OF their ANNUAL PAY, it their entitlement and their right.

So Maitema, please you could just keep your trap closed before dirt comes out of it.

PrincessMo:
Anyone,
wait, I have a thing for dreads.
Ma boyfriend's got neck-long dreads,
OMG!! SO HOT, *drool* lol,

mandy4$:
oh booyy
ii no fit shout ooo
pls can anybody confirm if this is also a scam plot: i am asked to pay about 3gran for manual on how to get loans from MFBs and Fed Govt. free without collateral
am a lil jittery about the whole stuff,  is it true,  can it be done ??

Tulamania:
Hello Nairalanders to all those who have being looking for a way to invest in a private placement, a very cheap offer is out and it is in an industry which the  Federal government policy is promoting i.e local beverage industry, juice industry to be precise, and this is where FUMMAN AGRICULTURAL PRODUCT falls into, straight to the point it is @ N1.50/share and the min quantity is 10,000 units and this translates to N15,000 at  this price you can't possibly loose, [b]when it is listed on the NSE in 6months time it can never be less than N4 if not more than that since by then the market would have bounced back [/b]and just think of the % of the capital appreciation on every N1.50 u would have more than double your investment, remember that it is wise to invest when it is cheapest to do so not when the stock becomes scarce and very expensive.

Anyone who is interested can contact me at :

tunde022002@yahoo.com (08034660682)

OR

Better still come to our office at

Integrated Trust and Investments,
Integrated Trust House(2nd Floor),
61, Marina Lagos.

It is not far from the UBA Head office, the building has Intercontinental Bank Plc at the ground floor,
you can also text or call me on 08034660682. Just ask of Tunde when you come to the office.

Your can find attached to this post the PROSPECTUS of FUMMAN AGRIC, this would help you make up your mind about the company.

Now for those who are wandering what is happening in the stock market well the question I always ask myself is when do traders prefer to buy goods meant for resale? And the answer is when cost of goods are at the lowest, I then wonder why people panic over the continuous reduction in prices of stock, this is not to undermine the fact that some people bought when it was high and now they believe they are at a loss but the solution is not far fetch the advice I'll give such people is to buy those same stock allover again now that the prices are at an all time low, this is called averaging your loss.

This is it works once those stocks rise slightly the perceived losses are reduced by the profit in the new class you bought at a low price thus averaging your loss or should we say evening out.

frank_ike:
My friends in the house, i have come to make u guys smile ralating to Nigeria capital market, i was talking with senior pilot in Nigeria AViation Industry, few weeks ago. He was crying, image a wealthy man crying that he has lost huge amount of money, but i tried to make him feel good by exposing the tenet of our capital market. It is no longer news that the present global crisis has hand in the persistent bearish trend in our capital market. i want every nigerians to smile especially Nairaland subscribers, that is my reason of being here, Mark my words, the bearish trend will continue till January. In january there will a great bullish trend, so be informed, if u want to know the date that d market will rebounce in january, believe me i will give u the date but i will want u to do one thing for me, WIN TWO SOULS TO CHRIST[/b], i am not being spiritual [b]in my analysis, am strictly scientific and so have made all the necessary investigation. My friends out there, i suggest you buy shares betwee now and jan , th. I repeat, bullish trend in january, i love u all

Nimshi:
Er, how will reducing the number of shares outstanding improve a company's fundamentals?? There's some advantage in administration, but share reconstruction (which is a fancy name for some simple arithmetic) isn't anything but that: share reconstruction; you may reconstruct the shares, but that's much less to say about the company itself.

And, the absolute value of the dividend isn't the important parameter; take a look at dividend yield, and other metrics as P/E, EPS and PEG.
.

asamuel:
Companies know the worth of ACCA. So, if you can pass some papers well, you can get a job while you continue the rest of your papers. In the US here, companies even pay for your ACCA exams. That's my point dear.

Do rethink before it is too late!!!

davecine:
Reltel Wireless Private Placement is finally here.

Ukpekeson:
@DULAMANIA,
I THINK THE BONUS IS 1 FOR 3, NOT 3 FOR 1.

CHEERS,

whitemask:
wow,  now i know you're truly not from the states, or probably you're not intelligent enough,


the two words PROMISING and GUARANTEE means the same thing

visit www.dictionary.com to see differences, 

and secondly you said FORUMS,  where are the others   and is there a GUARANTEED  statement  there?
I think it's best to read and understand statements c[/b]arefully before posting negative comments!,

LOL you're amazing [b]I need to take a nap,    I'll reply your post tommorrow if it's WORTH IT,

whitemask:
did you get a chance to view my website www.currexgroup.com ?  any GUARANTEE Statement there?
and could you provide a post i made where i posted GUARANTEED? provide the link and not the copied statement,


As a market currency veteran and an authorised Introducing Broker and Fund Manager with the UK and US Clearing Firm i work with, No GUARANTEED Statement can be issued or even pronouced by a qualified Fund Manager even if we know there's huge profit been made from this asset class of it's own.

Even the Banks, Hedge Funds, and Huge Financial Institutions have the below statement on their websites or Limited Power Of Attorney Forms they give to their clients regardless of the billions been made on a monthly basis by the HUGE Players,

***customers should be aware of the risks associated with over-the-counter, spot Forex. In the off-exchange, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction.Forex trading is highly speculative in nature which can mean currency prices may become extremely volatile. Forex trading is highly leveraged, since low margin deposits normally are required, an extremely high degree of leverage is obtainable in foreign exchange trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle. ****


So, ?   may we have the direct link where i posted a guaranteed statement for our viewing, ?


Replying your post doesn't speak well of my credibility,    I would Just Ignore your future posts if you can't provide a direct link where all members could click and view the GUARANTEED statement I made!


Warmest Regards

whitemask:
did you correctly read my post?

67.4% on my personal trading account this month

33.7% for my clients off their invested capital

my reason for been here is  this which i posted "Please all Stock guru in the house, I need your advice  tell me your view on Guarantee Trust.  is it a good buy? .

are you honestly from the united states as displayed on your profile? wheeew,

whitemask:
I'm looking to invest a share of my profits i made through the FOREX on stocks, I currently trade the foreign exchange spot market and did like 67.4% on my personal trading account this month but 33.7% for my clients off their invested capital of $10,000 since all monthly returns are been splitted 50:50,


Please all Stock guru in the house, tell me your view on Guarantee Trust, : I'm looking to Long that Share! but need the veterans in the field! If you're looking to invest in the FX, then view here www.currexgroup.com or call 08025853063 08061682118, But for Stocks!, I need the Gurus advice,

I train too on weekends, especially those looking to outperform currency the market.

Ok, enough of all the talk, good forex traders don't make good stock traders, lol

Please all Stock guru in the house, I need your advice tell me your view on Guarantee Trust. is it a good bye?

scojay:
Hi Mr. Abujabooks,

As you requested, my name is Solum Chibuikem Ojay, i work at Lilian Esiri & Co (Legal Practitioners), Lagos Island, Lagos State. We have handled transactions like the merger of Springbank Plc, Merger of Fidelity Bank Plc, Merger of IBTC Chartered bank plc. other capital market transactions may not be disclosed now until we have come close enough. My deap passion and zeal to be most updated in Capital market deals and Investments is a personal business. It doesn't involve my firm in the sense that you have no business calling my firm saying you want to talk with my MD or anyone else. If you are really down for us to do business together and getting the latest info in the Capital Market as a whole, you come to me directly. If you want to meet me we can always meet at my office and that is when you are ready to meet with me. I have have deal deals with big boys in the past and all of them are all bigger boys now. I can't give you my office no. just to play safe. My Cell phone no. is 08062155921. if you are really in for a deal we can always meet at my office after giving me a call and you would see for your own self. The Starcomms placement is the latest for now until we meet. Stocks have changed many life as well as mine too. It may be your time.