₦airaland Forum

Presumably,you have no problem with Black people in the US adopting the religion of other African's slave master.

Black people should not accept any religion from any slave master.
The slave master can be Muslim or Christian

Since the slave-master is an enemy of the slave, if the slave prays to the same God as the master, he is praying to the God that enabled the slavemaster to enslave him. Therefore, that God is the enemy of the slave or captive just as the slave-master is.

The reason why your prayers are not being answered is quite simple
If God went to sleep on the seventh day and Christ is worshipped on Sunday then who are they (Sunday churchgoers) praying to? Because God is sleeping, unless you are trying to wake him up and serve him on his day of sleeping . . . God worked a whole six days and now on Sunday morning he’s laying in his bed. This is how he makes this sound.
God is sitting in his chair, or laying in his bed he goes to sleep on Sunday morning, and you go to church on Sunday morning and go, “oh God, oh God, oh God.” Then you’re wondering why your prayers are not being answered. The reason why your prayers are not being answered is quite simple; because God sleeps on Sunday. You have to change the day – try Wednesday when God is up working. Have you ever tried to disturb your mother and father when they were working (or sleeping)?
You don’t thank God for health and the gifts that you have. You’re in church on Sunday begging for more stuff.

Christianity teach you how to think from their point of view;the white man's point of view. That's one of the African's problems. We always had someone else's point of view.
Once you begin to think with a liberated mind, free of beliefs and falsehood, no one will be able to feed you lies and garbage. You will have learned to question everything.

Have you ever seen the film entitled "The Last Temptation Of Christ?" This movie depicts a dying Jesus on the cross hallucinating about the devil's final temptation: "Come down from the cross, renounce your role as a Messiah, marry Mary Magdalene and live a long and ordinary life." The movie portrays him as being fully human and divine at the same time as you know, Jesus (from his father—Neter Gabriy'el) had a two fold nature. Half angelic and half human from his mother Mary. , The film has sent so-called religious leaders in a wild controversial protest denouncing the film as blasphemous. They have even staged demonstrations in hopes that the film be destroyed. The movie raises such questions as:
1)-What Jesus God or a man?
2)-Was he the Messiah?
3)-Was he the son of God?
4)-How Jesus called Paul a liar?
The movie also depicts Paul (the 13th self-appointed Apostle) as a hypocrite and a liar. (Everyone knows about Paul.) So-called religious leaders are afraid of this movie because it attacks Christians and exposes it for what it really is…a fallacy. They're afraid that people will sift it through and find the truth that they have kept hidden from you for too long. The truth is you are following the wrong Jesus.

RANDOM PICTURES OF NIGERIAN ACTRESS RITA DOMINIC

Source:  http://generationnubian..com/2006/06/random-pictures-of-nigerian-actress.html

BIG BROTHER NIGERIA WINNER-KATUNG ADUWAK

Source: http://generationnubian..com/2006/06/big-brother-nigeria-winner-katung.html

Since the slave-master is an enemy of the slave, if the slave prays to the same God as the master, he is praying to the God that enabled the slave-master to enslave him. Therefore, that God is the enemy of the slave or captive just as the slave-master is.

Watch the Video
Toyin Agbetu

Source:
https://www.youtube.com/watch?v=U0qWkRrABXQ

They don’t know where hell is, or if such a place really exists. They can’t even decide what hell is. Which one is it? Is it the lake of fire (Revelation 20:10) or the pit (Revelation 11:7) or is it a place where you will be given oozing pus to drink like the Koran describes (Koran 14:16), or a place where you will be roasted (Koran 17:18), or a prison (Koran 17:? Also, how did the pit get there? How did a big place of fire get beneath us? Did God create it down there? Why is it that scientists haven’t discovered it yet being they have dug holes straight down to the center of the Earth? Why is it that you can’t find hell if it really is a place that exists? Scientists have listened to the ground, they have all kinds of advanced technical equipment with computers. Have they heard crackling fires? No!!! Why? Because hell is a state of mind. It is what you make it. It exists within you, for each one will pattern his or her hell according to what he believes hell is. They don’t hear anybody down there screaming and hollering or any torturing. So what makes you believe that there is some place “down there” that you will go if you are a sinner where there is fire and demons? The Bible? Let’s be for real! There is nothing in the Bible that has been proven to be facts yet. You can’t even prove that the characters in your Bible really exists, let alone a place called hell! The hell that your Preachers, Teachers, Pastors, Rabbis, Imaams, and Sheiks preach to you about[b] is another trick to keep you trapped under religion[/b]

Hell’s a fabrication

The concept of hell is something that was created in the hearts and minds of the authors of your Bible and Koran. Before you were informed of what and where hell was, it never crossed your mind to even think about it. So, within the pages of your scriptures hell was born. Just as a God could not exist without the devil, heaven could not exist if there wasn’t a hell.

So where did hell come from? It didn’t exist in Adam’s, Noah’s, nor Abraham’s time. It is something that was fabricated so that they could capitalize off of your fear.

A common mistake in investing

With the advent of online banking and online trading, the stock market has opened its doors to virtually every person willing enough to grow their money.
And yet, despite this, not everyone has joined the bandwagon. The biggest factor being the potential risk involved in trading stocks. The stock market is among the most volatile financial institutions in business. And it’s this volatility that tends to be the biggest problem with the stock market.
Almost any reason, real or imagined can cause these extreme fluctuations that often affect the stock market’s credibility. Real factors such as the weather, political instability, political decisions, war, terrorist threats, boycotts and strikes, economic trends and international trade or even company scandals also become factors to the stock market problems.

https://bp2.blogger.com/_578xp7dARUM/RjvHUo3zolI/AAAAAAAAABg/KRN0zvKI8SQ/s200/Stock_Report_prod_282x180.jpg

Bad weather such as hurricanes affects certain industries such as oil production. This then drives the cost of petroleum products higher as production gets limited. This causes a cascading effect that drives stocks of oil companies higher.
Political instability in a country can affect investor confidence thus lesser investing is done. This causes the shares of local companies to slide downwards. Boycotts, strikers and terrorist threats have also proven to be the bane of the airline industry.
Shares of airliners have tumbled throughout the years with every terrorist attacks all over the world. But aside from uncontrollable factors such as natural disaster (or war), the common underlying link that allows these other reasons to affect the stock market so significantly is investor psychology.
Humans are prone to herd mentality. Often, people confirm with the actions and directions of other people. This is a common mistake in investing. An example of this is during the early 90s when dozens of dot com companies sold their stocks in the stock market. It created an artificial demand for stocks of companies that did not even provide real and concrete services.
These stocks soared in value as more and more enthusiastic investors bought them. This happened up until the time it was realized that these companies did not actually post any considerable profit to sustain the value of the shares. The stocks then tumbled and virtually lost value as investors frantically sold their shares.
This tendency to panic and depend on the direction of others is among the real causes of problems with the stock market.
There are two actions arising from this mentality:
a.) panic buying - b.) panic selling
Of the two, panic selling causes the most harm since it causes a steep and quick drop in the value of shares. The best way to avoid causing these problems is to practice due diligence and to keep a level head while investing.


Source: http://gold-finance..com/2007/05/common-mistake-in-investing.html#links

https://www.rocketboom.net/images/rb_06_apr_05.jpg

Trading Stocks in Africa

Experienced african stock traders and investors recognize that trading stocks with momentum is among the fastest & most effective ways to harvest BIG piles of cash in the stock market. Why? Because certain stocks with momentum bring the posibility of gaining as much as 100% on the same trading day. Some may only rise 10% on a few minutes. The problem is that if you don't know what stocks to look for and how to approach them while limiting your risk, you won't even get close to making some profits. You don't necessarily have to trade momentum hot stocks all the time. But you can learn how to take advantage of them when you encounter the best opportunities while at the same time limiting your risk.

Source: http://gold-finance..com/2007/05/trading-stocks-in-africa.html#links

https://www.corante.com/mooreslore/archives/images/johannesburg-venues-cityscape.jpg

Gateway to Africa


South Africa has the resident marketing skills and distribution channels imperative for commercial ventures into Africa.South Africa is among the top 30 countries in the world for ease of doing business, according to a 2005 World Bank report. The finding suggests that South Africa is making progress in creating an environment conducive to investment, which the government has identified as key to achieving a 6% growth rate.
The survey ranked 155 countries according to the number of procedures, time and costs involved in: starting a business; dealing with licences; hiring and firing workers; registering property; getting credit; protection for investors; paying taxes; trading across borders; enforcing contracts; and closing a business.
South Africa ranked 28th, ahead Spain (ranked at 30), Austria (32), France (44), Russia (79), China (91) and Brazil (119). Overall, SA had the highest ease-of-business ranking on the African continent.South Africa's industrial production growth is well above the average for developing markets.
The country's manufacturing output is becoming increasingly technology-intensive, with high-tech manufacturing sectors - such as machinery, scientific equipment and motor vehicles - enjoying a growing share of total manufacturing output since 1994.
SA's technological research and quality standards are world-renowned. The country has developed a number of leading technologies, particularly in the fields of energy and fuels, steel production, deep-level mining, telecommunications and information technology.

Source: http://gold-finance..com/2007/05/gateway-to-africa.html#links

How to join Smorty??
do you have any links??

Just thought I'd share this list of Nigerian Blogs, surely its time to organize the Nigerian Blog awards

A Change is going to Come: http://kush-kush..com
A Rose By Any Other Name: http://stellaukaoma..com
Aba Boy: http://ababoy..com/
Aba Boys 80 funk: http://80sfunk..com/
Abbey: http://gettinginthef-1version..com/
Absolutisland: http://absolutisland..com/
Accidental Mistress: http://accidentalmistress..com/
Adaure: http://www.according2adaure..com/
Adefunke on Adefunke: http://adefunke..com/
Aderemi’s Notebooks: http://www.cafe151.co.uk/notebook/
Aduni’s Space: http://www.adunniola..com/
AfroCentric : http://gayafrocentircthinker..com/
Africainment (About African women): http://www.yayemarieba..com/
African Women Blogs: http://www.africanwomenblogs.com/africanwomen.html
African Shirts: http://africanshirts..com/
African Unchained: http://africaunchained..com/
Afrohomo: http://afrohomo..com/
Akin: http://akin.blog-city.com/strangesexualities.htm
Ajike: http://ajike..com/
Atunbi Phot Blog: http://atunbi.shutterchance.com
Alakija Photo Blog: http://www.alakija.shutterchance.com/
Alaye Scoro: http://alayescoro..com/
Araceli Aipoh: http://araceliaipoh2..com/
Ayoola in Lagos : http://ayoolainlagos.typepad.com/ayo, gos_tales_of_/
Ariztos Magazine: http://ariztos..com/
Ayoke: http://www.ayoke..com/
Ayoola In Lagos: ayoolainlagos.typepad.com
Azuka: http://azuka.zatechcorp.com/
Baba Alaye: http://babaalaye-intel..com/
Babe: http://thelastutah..com/
Back to the beginning: http://www.foreveryourlady..com/
Bankys: http://www.xanga.com/bankys
Beauty in Baltimore: http://beautyinbaltimore..com/
Bella Naija: http://bellanaija..com/
Belle: http://ariike..com/
Bent out of shape: http://bentoutofshape..com//
Betty Boopu: http://bettyboopu..com/
Biodun: http://stipulations..com/
Bitter Neko; http://www.bitter-neko..com/
B.G.T /Xanga: http://www.xanga.com/bgt_live/
BoorishMale: http://boorishmale..com/
Bootylicious: http://bootylicious85..com/
Black Looks: www.blacklooks.org/links
Blood and guts in blogland: http://www.spittingdoll..com/
Blog in Yoruba: http://omoobokun..com/
Bolly Blog: http://ilovelovelovedharmendra..com/
Calabar Gal: http://calabargal2..com/
Captain Reunited: http://captain-returned..com/
Cassava Republic: http://www.cassavarepublic.biz/
Charming but single: http://charmingbutsingle..com/
Cherubs: http://www.childofthemosthigh..com/
Chuks!!!: http://rush3k.blog-city.com/
Chippla Blog Spot: http://chippla..com/ (Note)
ChiefO: http://www.the-life-of-engineerayo..com/
Chicafrican: http://chicafricana..com/
Child of the most high: http://childofthemosthigh..com/
Cherub: http://childofthemosthigh..com/
Chronicles of a solider: http://omobolanle..com/
Country Boy: http://www.dennozbug..com/
Concrete Loop : http://www.concreteloop.com/
ClayCane: http://claycane..com/
Clement Cooper: http://web.mac.com/clementcooper/iWe, oper/HOME.html
Confessions of Nneka: http://confessionsofnneka..com/
Crunktastical: http://crunktastical..com/
Daddy’s Girl: http://daddysgirlandlovingit..com/
Day by Day: http://sumubaridi..com/
Davidylan: http://davidylan..com/
Dqueenb: http://dqueenb..com/
DiamondHawk: http://diamondhawk..com/
Dilichi: http://dilichi..com/
Discombobulated Diva: http://discombobulateddiva..com/
Disillusioned Naija Girl: http://nijaoffspring..com/
Donchichi: http://donchichi..com/
Dreamy Nuances: http://nuancerrata..com/
Drunkmoose; http://drunkmoose..com/
Echewalu: http://www.echwalu..com/
Edo Girls are the cutest: http://ivieboh..com/
Enterprise information system security musings, : journal.eissaf.com/index.html
Epiphany Noir: http://epiphany2005..com/
Ernest Banzaye: http://ernest-bazanye..com/
Etomi phot blog; http://etomi.shutterchance.com/
Everchange: http://everchange..com/
Excessive Diva: http://excessivediva..com/
Exodus by Ayoke: http://ayoke..com/
Favored Girl: http://journeydowntheaisle..com/
Forever your lady: http://www.foreveryourlady..com/
Funmi Iyanda: http://fiyanda..com/
Gbegborun of Lagos: http://www.factlog.com/gbeborunoflagos/
Gbemi’s Piece/Telling my side of the story: http://gbemispiece..com/
Ghetto Fabulous: http://ghettofabu..com/
Godly Relationships: http://www.godlyrelationships..com/
Grandiose Parlor: http://grandioseparlor..com/
Generation Nubian: http://generationnubian..com/
Hyena’s Belly; http://hyenasbelly..com/
Icy Angel: http://www.xanga.com/reincarnatedcreativity
Icy Africana: http://reincarnatedcreativity..com/
Ijebu Man’s Diary: http://naijaman.cfmxdeveloper.co.uk/diary/ijebuman.html
Igo: http://igo1077..com/
In my head and Around me: http://headandaround..com/
Ineka/ When I speak you STFU: http://www.xanga.com/ineka
Is it Just Him/Toks Blog: http://toksie..com/
It’s a new day: http://april-itsanewday..com/
I talk too much: http://italk2much.com/
Jaycee: http://light-her-lamp..com/
Jackie O/The media effect: http://doublejaw..com/
Jane Koko: http://milanoespar..com/
JTOL/Nyja: http://nyjaguy..com/
Hmm!!!: http://diaryofamadsoulsista..com/
Klara: http://simplyclarah..com/
Kid’s Doc in Jos: http://www.ecwaevangel.org/blog/
Kunle’s life: http://kunleslife..com/
Kush Kush: http://kush-kush..com/
Labinjo Photo Blog: http://labinjo.shutterchance.com/photoblog
Lagos blog! open for all: lagosblog..com
Laspapi: http://laspapi..com/
Last Utah: http://thelastutah..com/
Life of a stranger: http://reached-the-top--reckons-manybe..com/
Life’s cliché: http://lifeasacliche..com/
Life before French: http://idowupearse..com/
Lil of me: http://gotself..com/
Living Zack’s Utopia: http://hajjzack..com/
Lost in tradition: http://lostintradition.squarespace.com/
LondonChikito/Desola: http://www.londonchik..com/
LondonBuki: http://buki81..com/
Lowmental’s floss: http://www.lowlabunnie..com/
Mad and Crazy: http://madandcrazy..com/
Madeex: http://madeex..com/
Mamarita: http://mamaritarocks..com/
Mari: http://marisanotherworld..com/
Mari possa: http://pedazos-de-mi..com/
Maatachi: http://jmataachi..com/
MDG Action Blogs: http://www.tigblog.org/group/mdg
Miss YQ: http://senamih..com/
Miguel: http://www.spicymiguel..com/
Miss Elias-Confessions of a twisted mind: http://misselias..com/
Mphahlele: http://mphahlele..com/
Mona: http://aramide..com/
Molora Wood: http://wordsbody..com/
Mr Know it all: http://brentito..com/
Ms Jaycee: http://light-her-lamp..com/
Musing Naijaman: http://uknaija..com/
My Alter Ego: http://mymindisascaryplace..com/
My Jolene: http://overwhelmednaijababe..com/
My other blog: http://presswoman..com/
My Photo Blog: http://historypresentandfuture..com/
My random thoughts daily: http://morountodun..com/
Mysterious Meander: http://muse-cafe..com/
My stories my testimony: http://mystoriesmytestimonies..com/
Nigerian Curiosity: nigeriancuriosity..com/index.html
Naija Babe: http://overwhelmednaijababe..com/
Naija Blog: http://naijablog..com/ (Note this)
Naija Bloke: http://naijabloke..com/
Naija Homo/Naija stud: http://naijahomo..com/
Naija Offspring: http://nijaoffspring..com/
NaijaSapphire: http://naijasapphire..com/
Naija Vixen: http://naijavixen..com/
Naija to the core: http://aramide..com/
Naija Talk:www.naijabloke..com
New Yorkers in Africa: http://ash-n-africa..com/
NillaSpin: http://www.nillaspin..com/
Nigercan: http://nigerican..com/
Noni Moss: http://nonimoss..com/
Notes from Naija: http://notesfromnaija..com/
Nomad: http://destinednomad..com/
Nyemoni: http://nyemoni..com/
Nneka: http://confessionsofnneka..com/
Olawunmi: http://olawunmi..com/
Omoobokun: http://omoobokun..com/
Omar Ramon: http://legendofo..com/
Onada Photo Blog; http://onada.shutterchance.com/
Open Blog: KenyaUnlimited: www.kenyaunlimited.com/blogs/open
Oro: http://www.gbengasesan.com/blog/
Ore’s notes: http://orenotes..com/
Overwhelmed Naija Babe: http://overwhelmednaijababe..com/
Panniland: http://www.panniland..com/
Pilgrimage to self: http://pilgrimagetoself..com/
Pink Lemonade Diva; http://pinklemonadediva..com/
Poetic Justice: http://requiemofcollegedays..com/
Post secret: http://letstalkalias..com/
Proudly African: http://www.davidajao.com/blog/
Raw Truth: http://truthbshared..com/
Random Rants of the Kenyan girl next door: http://randomgirlnextdoor..com/
Ray: http://m5slib..com/
Rosenglasses: http://rosenglasses..com/
S.B. : http://www.solabaale..com/
Serenity Now: http://isitserenitynow..com/
Serial Dater: http://mydatingadventures..com/
Simply Klyra: http://simplyclarah..com/
Silent Storms: http://olawunmi..com/
Street Preacher/Word Dom: http://www.worddom..com/
So Obscure: http://aristocratism..com/
Soul: http://nubiansoul..com/
Soul on Ice: http://obifromsouthlondon..com/
Songs of a Warrior: http://refreshthesong..com/
Snazzy: http://naijanaz..com/
Smilstering: http://www.smilstering..com/
Suby photo blog: http://suby.shutterchance.com/
Such a pretty face: http://aprettyface..com/
Talatu Carmen: http://talatu-carmen..com/
Talking Beginnings: http://mytalkingbeginnings..com/
Taureanminx: http://taureanminx..com/
Tasha: http://thisnthat.blog-city.com/
Test Thots: http://thotstimi./tag/test/
Tired of men: http://www.whenawomansfedup.co.uk/
Three T’s of Tunde: http://www.boodaman..com/ (Note)
This Naija Life of mine/Tola: http://thisnaijalifeofmine..com/
The Life of a Stranger called me: http://reached-the-top--reckons-manybe..com/
The xposer: http://the-xposer..com/
The Bad girls guide: http://vixentales..com/
The world according to me: http://www.stampsalatte..com/
Through her eyes: http://www.blogger.com/profile/22577207
Through this eyes: http://odaicheville..com/
TRAE days: traedays.com/blog
Trendy Cosmo: http://trendycosmo..com/
Toks Boy: http://www.toksie..com/
To me to Blog; http://toometoblog..com/
Tori: http://www.xanga.com/toritseju
Tutsy: http://omoge4life..com/
Two: http://everchange..com/
Onada’s world: http://onada01..com/
Ordinary guy:www.lanreigo..com
OverwhelmedNaijababe: http://overwhelmednaijababe..com/
Unilag Faces: http://www.unilagfaces.com/
UK Naija Man: http://uknaija..com/
VERA: http://verastic..com/
Vicki: http://im-not-most-girls..com/
Wale Photos: http://walephotos..com/
Women Connect: http://www.womanconnect..com/
Weird Cakes; treats from a bipolar mind: http://weirdcake..com/
We three *****es: http://wethree*****es.blogs.com/
Yetty Reincarnated: http://www.xanga.com/ReincarnatedCreativity
Young Black and Fabulous: http://ybf..com/
Zai Princesa: http://zaiprincesa..com/
Zimbabwe Blog Archive: www.sokwanele.com/thisiszimbabwe/archives/474
9jamommy: http://9jamommy..com/
36inches: http://36inchesofbrownlegs..com/

Free Wordpress website templates

Templates: http://chris.lineages.co.uk/Wordpress_template_index.php

http://gold-finance..com   

@ ife01
Yes, Nice Blog !!

How do you add your blog to search engines?

You just go to each search engine website and look for:Add url or Add link or submit site,and follow the instruction.
There is also a lot of Blog Directory to add your Blog for free.
You should register to as many as possible Blog Directory and search engine to generate more traffic to your Blog.

Of course it is possible in Nigeria.
You can start with a Free Blog and use Google Adword and Adsense on your Blog.After you can Submit your Blog by hand to the search engines of your choice.

Major search engines

Altavista Hotbot Lycos
Alltheweb Google NorthernLight


Other search engines

Aewi Infotiger Truesearch
Exactseek Nationaldirectory Mastersite
Searchit Scrubtheweb WhatUseek
Overture Splatsearch Walhello

Add your Blog manually to search engines.

Submit your Blog by hand to the search engines of your choice.



Major search engines

Altavista Hotbot Lycos
Alltheweb Google NorthernLight


Other search engines

Aewi Infotiger Truesearch
Exactseek Nationaldirectory Mastersite
Searchit Scrubtheweb WhatUseek
Overture Splatsearch Walhello

We need a link to the web page you copied this long article from, for copyright reasons.  Thanks.

Ok !! Here the link

Source: http://youngentreprenoirs..com/2007/04/nigeria-how-to-identify-fake-finance.html

Identifying Fake Finance Houses in Nigeria

How do you explain investing in a firm that is not properly licensed by the
Securities and Exchange Commission and yet offers you ridiculous returns in
stocks such that not even the best and he biggest licensed stock broking firm
can ever think of making talk less of offering you? Abayomi Obabolujo, CRO,
Stocks Watch Magazine.

I got really excited when I read the April 25, 2007 edition of Stocks Watch. The Chief Research Officer of the reputable stocks magazine, Abayomi Obabolujo, wrote an enlightening essay on how to identify fake finance houses.
The message he was trying to pass across is so important, I have decided to replicate it here. Brace yourself; you are in danger of being a little more financial literate!

Excerpts from the essay; the real meaning of investment-II: Identifying Fake Finance Houses by Abayomi Obabolujo, CRO, Stocks Watch magazine

The System:

To my mind, the system to which your fund is being sent to create more of itself should be plain and simple to understand and not a kind of abracadabra that people and firms say they do to generate the kind of interests they offer. For example, when you give your money to a stock broker for investment purposes, you sure know it is for the stock of a specific company, whose business is well defined and proven. If your fund/deposit is in a bank, we all know what they do, including round tripping (when it was fashionable) and the excess charges, import and corporate financing and all the rest but how do you explain giving your money to an institution or someone who says he is into oil and gas without a proper license and yet offers you unimaginable returns that no legal petroleum marketing company can offer. Similarly, how do you explain investing in a firm that is not properly licensed by the Securities and Exchange Commission and yet offers you ridiculous returns in stocks such that not even the best and he biggest licensed stock broking firm can ever think of making talk less of offering you? You see, you must come to certain realities or else you will continue to expose yourself to dupes.

Please take this warning- don’t ever let the desire for highest possible returns in the shortest possible period blindfold your ability to think right. There is no well meaning institution that will ever offer you too high a rate because professionally, they do understand the risk element that is often associated with businesses in a place like Nigeria and would also want to guard against unfulfilled promises. More so, all business owners and institutions are by nature selfish – they want to offer you lower rates to get more. It is not in their character to offer you more and get little for themselves in profit. Let me share with you the Business module or mode of operations of a typical fake finance house.

INCORPORATION:

In Nigeria of today, incorporation is easy; all it takes is a business name, a lawyer or accountant and some naira. With time, your company is up for business; therefore, conspicuous display of certificates of incorporation does not authenticate anything and one of the ways to identify a fake finance house is by requesting to see beyond the certificate, specifically their memo and article of association. If they ever make this available to you, consider their share capital; if you see that it is much lower than how much you intend to invest with them, please check it, they may be fake. If a child must be tall, they say in my village, the legs must be thin, so also a company that must access multiples of millions of naira as deposit from Nigerians must in itself be able to boast of a correspondingly high amount. Can you imagine some of these so-called finance houses have less than N2million share capital, which shows that they never spent much in putting the whole thing together. Please check very well; many of them may just have registered a business name and not even a limited liability company. The importance of share capital in the life of an organization cannot be overemphasized. That was what necessitated the recent recapitalization in the banking, insurance and stock broking firms; for whoever should manage your funds should himself have enough of his to manage. Take the time also to look at the nature of business as stated in the MEMAT. You will clearly see that those things stated there are nothing more than mere jargons.
Still talking about incorporation, please take note of the day and year that your wonder finance company was incorporated and request to see their accounts – management or audited; also ask them if they have done any remittance as tax or such to anywhere. This is not very likely. If you could go this far at your verifications, I believe that at this juncture, the operators of such a finance company would have lost interest in you whatever the seeming size of your deposit. May I ask; why do you think banks and legal finance companies do make copies of their financials to hang in their offices and sometimes in their presentations? It is not for a show; it is because such documents carry big messages; please note this. Look beyond the certificate of incorporation in the glass at that reception, all that are glazed are not so valuable.

Nature of Business:

Operators of illegal finance houses pretend to be involved in oil and gas, stock market, export and import businesses and sometimes, properties among others. Often times, you really would see shadow evidence of that which they claim to be involved in like a few trucks for those that say they are involved in oil and gas, a couple of shares by those who claim to operate in the stock market and such things here and there but if you think very well, you will simply discover the lies in them. If you do oil and gas so much that you make so much such that could afford you to offer ridiculous rates by which reason you have successfully gathered so much money from undiscerning members of the public, then you must be a major operator and at that, you must be visible in that industry by your filling stations, trucks and such. You should also be bold to present the names of your major clients or patrons for verification. If a company operates big without assets that can easily identify them, then something is amiss. It does mean that your business in itself is illegal, a faceless kind of business. My friend, we know the major and independent marketers of oil and gas products in the country. Let someone stop deceiving you just to get your money. Don’t tell me that these people are into bunkering for such does exist in Nigeria only as illegal business and I do not see the reason as to why you must deposit your funds with someone to carry out such a nefarious activity as bunkering that you know cannot last forever; In any case can you call such a deposit an investment? No, it is an advanced level of gambling. In the stock market, we know those that are real market operators; please don’t fall prey into the hand of a charlatan who calls himself a fund manager.

Let me quickly add this comment before rounding off for this week. The length of time a system has worked does not invalidate the fact that it is a fake and dubious venture. If I may remind you, Omana, Omana did not fail in his obligations to his clients up till the time he was arrested by the regulatory authorities for operating an illegal finance house. How did he do it and how are they doing it today, can’t you think? As of today, to access funds for a legal business from banks is one of the easiest things; the rates are also low enough. Why can’t these guys approach the bank to access facilities at 25% per annum instead of offering you 120% and in some cases, 360% per annum for your own funds?

Stocks Watch Magazine (April 25)

https://www.nigeriabusinessinfo.com/images/tradin-room.JPG                                                                                                                 NIGERIAN Stock Exchange's All-share index rose further last week following major price gains by highly capitalised companies in the banking, insurance and food beverages and tobacco sub-sectors.

The market opened for four days, as Friday was declared work-free day by the Federal Government.

Specifically, the index appreciated by 2.6 per cent to close on Thursday at a record 47,093.27 points, while market capitalisation closed higher at N6.8 trillion.

The development was due to price gains by Guinness Nigeria Plc, which gained 2,199 kobo to close at N142.00 per share, while Nigerian Aviation Handling Company Plc followed at N54.93 per share.

Dangote Sugar Refinery Plc, UACN Property Development Company Plc, Zenith Bank Plc, National Salt Company Plc, African Petroleum Plc and Nigerian-German Chemicals Plc amongst others also gained 920 kobo, 494 kobo, 480 kobo, 294 kobo, 249 kobo and 227 kobo respectively.

On the other hand, Nestle Nigeria Plc led the price losers, down by 6,300 kobo to close at N235.00, while Ecobank Transnational Incorporated Plc also lost 1,500 kobo to close at N170.00 per share.

Oando Plc, Mobil Oil Nigeria Plc, Chevron Oil Nigeria Plc, Union Bank Nigeria Plc, UACN Plc, Conoil Plc, Nigerian Breweries Plc and Beta Glass Company Plc also lost 754 kobo, 449 kobo, 400 kobo, 389 kobo, 314 kobo, 300 kobo, 254 kobo and 237 kobo per share.

In all, 3.31 billion shares worth N46.35 billion changed hands last week, up from 1.4 billion shares valued at N18.3 billion exchanged the previous week.

There were no transactions in Federal Government Development Stocks, State Government Bonds and Industrial Loan/Preference Stocks sectors.

Transactions was highest in the banking sub-sector last week with 1.9 billion shares worth N30.44 billion exchanged in 23,849 deals.

Further review of the banking sub-sector indicated that the volume was buoyed by activity in the shares of Afribank Nigeria Plc, Fidelity Bank Plc, Intercontinental Bank Plc and Wema Bank Plc.

Trading in the shares of the four banks accounted for 929.11 million shares, representing 49.2 per cent of the sub-sector turnover.

The Insurance sub-sector was boosted by activity in the shares of Cornerstone Insurance Plc with a turnover of 659.3 million shares valued at N1.84 billion.