₦airaland Forum

Luxurydriverng:
Run with such millage the gear is likely to be close to having issue, that budget will give u a clean 08/09 corolla

Thank you. That's my concern too. I'll try to get one with fair mileage or saved up to 7m to get direct Belgium

Beeron:
Honestly, I am curious — not by your reply, but by the validation of "likes" to your reply, which is an indicator of mass appeal to ignorance. This is so disturbing and that's why religion sells in Nigeria because, you could be wrong but popular opinion and the hate for the other person (as a common enemy) will still means you are right.



Why?



You are clearly wrong but lots of people upvoted your posts because they are also ignorant to the fact and their dislikes for me.

I need to clarify that universal truth is not measured in mass appeal that is why cross examination happens in court before a judge passes judgement.

Anyways, the answer to your reply is:

1- Trump policies has been more pro-crypto down to the "genius act" signed a while back.

2- Trump rhetorics influences the st oc k market more than crypto market, (insider trading, poly market trades etc) so much so that Trump was willing to sell slots to investors willing get his announcement first on truthsocial before it will be publicized to the world.

3- And this is the most important one, please get this: No matter any policy that is meant to sway the market to the bearish regime — a quant trader who uses maths to carry out trades is usually not affected as much because, they don't stay long in a single trade and secondly, their exit plan is more important than entry point plan. Meaning, when the maths stops adding up they exit trade.


So after highlighting all these, your likers to you earlier post should see more reasons to hate this but burn slow to their bone crushing ignorance.

Trump policy has been pro crypto yet the market has been struggling since he got re-elected? He's pro crypto yet he engineered the biggest meme coin scam in the history of the industry?
It's like you are the ignorant one here

Luxurydriverng:
Run with such millage the gear is likely to be close to having issue, that budget will give u a clean 08/09 corolla

i don check facebook marketplace tire

APC National youth leader casually shares 7 number 2026 prado jeep worth over 1 billion naira now to his friends like it's souvenirs.

For the first time I'll have to agree with streetinvestor2 that the kind of looting going on under this government is unprecedented

Shimmaa:
Its not a good buy and that price is outrageous.

my budget is 5m. what do you advise please

obacasmir:
Is irobot limited to just a singular year?

2006-2011

Please is Honda civic irobot with 390,000 miles a good buy at 5 million, the car is clean and well maintained. but the milleage is the only issue.

You don't know what you are doing or you are just lazy

whatmoreng:
I am shocked. I am speechless. And you say there is hope for this country? This man is saying the truth.

No love for APC, never voted them and never will. But now I understand why it took buhari forever to appoint ministers, he knew what those guys are . Even tinubu is wary of them.

As this man asked, why do we need ministers?

The problem of Nigeria is more that just the president, it is about weak and corrupt institutions.

He is lying

Agbalowomeri:
Dem no born US to reduce rate in the next two years

Short-term rates will definitely be going higher. But once the heat from the hikes becomes unbearable, the Fed will have no option but to start lowering rates.

mikeapollo:
All these issues were raised by concerned citizens and analysts but the govt ignored and went ahead and awarded such a huge contract to cronies of the president:.
No Environment Impact Assessment (EIA) report.
No competitive tender for the project
No national budget appropriation
No national assembly scrutinyy
No comprehensive technical designs/drawings for the project.
etc.

But the president awarded the contract just like that and said the day the project was flagged off was his ''bragging day''
In other words, he awarded the project so that he could have something to brag with! imagine that!
And his numerous political goons always supported him, including Umahi.
Today, the same Umahi is praising the president for diverting the express road to connect to other existing roads.
So, the question is: what happens to the initial bloated cost of the contract?

The initial contract cost ain't really an issue. It was not paid upfront. Projects are paid on the basis of work done. You request for valuation and payment after every progress in the project.

This was always the likely outcome and partly planned from the start with a degree of certainty. Tinubu is the one who sells the vision, both Tinubu and Umahi know the feasibility is low. But it's easier to sell a coastal road that develops the whole South than tell people you want to develop Lagos and Ogun coast only. City boy is not just a name, Tinubu is Lagos centric.

megawealth01:
China has taken over retails in the NORTH. Aboki don dey chase them too...
E go reach everywhere even Nigeria Stock Exchange (NGX) go feel am

It won't fly in the north. They can't succeed. North is largely homogenuous society and mostly share same faith and they are also into business.

Unlike Lagos where yorubas are supporting Chinese over igbos because of jealousy

mikeapollo:
Lol.
I am also in the Access bus oooo!
Just wanted to load more but the price jumped to N30 and Dangote refinery IPO also came up which I want to buy now.
I may still buy more if it goes down and I get enough extra funds.

access or UBA which one has more upside potential?

AMINDA:
I didn't know Elrufai commanded the Nigerian Army. Elzakzaky and his Islamic movement have been having altercations with the Nigerian government since time immemorial. 3 of Zakzaky's sons and several of his members were killed by the Army in 2014 under Goodluck Jonathan. Elrufai became governor of Kaduna in 2015. Can you provide evidence that Elrufai killed 1,000 shiite members?

The massacred happened in 2015 during elrufai.

After the short altercation happened during the day, when the chief of army defence was blocked, less than 5 people were killed at the scene.

Later in the night, Kaduna state government with the nod from president ordered the arrest of zakzaky and many of the sect members.

This followed an operation by the army in the night that extrajudicially killed almost thousand shiite members and arrest of the sect leader zakzaky.

Many competent Courts eventually granted zakzaky bails but Kaduna state government made sure it drags the case and filing fresh charges.

On 28 July 2021, Justice Gideon Kurada of the Kaduna State High Court ruled on the no-case submission and discharged and acquitted El-Zakzaky and his wife.

But immediately around that ruling, the Kaduna Government had filed fresh charges at the Federal High Court involving allegations including terrorism and treasonable felony.


If he said elrufai has no hand in all these as a governor and chief security officer of the state.

Then the joke is on you. I leave you to your conscience

anonimi:
How has the shege showed to Christians reduced since he left office

Not only Christian. The mother fucker murdered morethan 1,000 shiites members including children.

I pray he never smell the breath of fresh air in his life.

I used to be a fan of him

Abi, should I just dump my Access and UBA bags tomorrow?

I’m tired of suffering with these banks, always expecting higher upside if they successfully turn things around.

seunmsg:
The question should have been which northern states will Tinubu fail to get 25% and above.

Tbh. None. Tinubu will get more than 25% in all the states in the north.

He will also win these states. Jigawa. Yobe. Borno. Zamfara, sokoto and may be katsina or Kebbi.

He will perform well in all the northern states.

awesomeJ:
350bps cut!!!
I called it.

Imagine!!!

Don’t you think we might be cutting too aggressively, too early? Oil prices are rising again, and some other central banks are already raising rates because of the inflationary pressure. I’m wondering if it wouldn’t be better to wait and see how this plays out first.

I really hope my Igbo brothers joined hand and fight the planned take over of retail business by the chinese guys.

It is only someone that has not done business or work with chinese people that will think chinese are better people because they are white.

They are one of the most exploitive and wicked people. chinese will turn you to slave and make sure they suck the life outta you. they hate black with passion. they will not even allow you practise your religion. they are more tribalistic than the nigerians. you can work with chinese for 15 years and they will bring a 21 years old ex-convict drop out to be your boss.

I hate them with passion

Streetinvestor2:
The same people feelings the igbos should not complain. If you ask them to go do business. They will all run to civic service work.
That is why they are ok with drug baron as he gives money to governor. and governors pay salaries as thr only achievement.
That means the baron is doing well to them once they receive salary and other civic services benefits .Then other people in the economy should not complain
I don't blame them because all thr region knows about is civil services work whr they champion corruption. You go to thr offices and see they add no productive value to the country.
Don't worry very soon Chinese robots will take over those civil service works with advance AI

Lol. Last last everyone go de alright. But it is unfortunate that we see things through tribalism angle rather than common sense.

The Igbo traders protesting Chinese entry into retail in Lagos are raising a legitimate economic question that Nigerians should take seriously.

This isn't about hating Chinese people. It is about whether foreign manufacturers and wholesalers should be allowed to bypass Nigerian retailers, open shops directly inside our markets, and compete with the very traders who buy from them.

The argument is simple: if a Chinese wholesaler can import directly from the manufacturer, access cheaper financing, operate at enormous scale and then sell directly to the Nigerian consumer, how can a Nigerian retailer who buys from that wholesaler realistically compete?

And this isn't some strange Nigerian idea. Countries such as India, Thailand, Indonesia, Vietnam and the Philippines have all used various restrictions or conditions on foreign participation in retail to protect domestic businesses.

People acting as if Igbo traders are doing something unprecedented by protesting Chinese retailers in Nigeria should remember what happened in Kano.

In 2015, during Rabiu Kwankwaso's administration, Kano textile traders and dyers protested the growing involvement of Chinese businesses in Kantin Kwari. Their complaint was not simply that Chinese products existed; it was that Chinese traders had moved into direct retail and were competing with the local traders who traditionally served as intermediaries. Contemporary reports documented those complaints.
Kano authorities eventually restricted Chinese traders from staying permanently in Kantin Kwari and from selling directly to consumers. They were directed to distribute through local traders instead.

So why is the same principle suddenly controversial because the traders raising it today are Igbo?

This shouldn't be an Igbo issue or a Hausa issue. It is a question of economic policy.

If Kano traders were entitled to demand protection from foreign businesses moving from wholesale into direct retail, then traders in Lagos, Aba, Onitsha or anywhere else should be entitled to raise the same concern.

Judge the policy on the same principle regardless of which Nigerian ethnic group is affected.

I believe most people siding with Chinese is because they believe those that will be affected are igbos not their tribes men.

We should try to be honest and sincere in our dealings please

If it was legitimate to protect Kantin Kwari traders in Kano, why should protecting Nigerian traders in Lagos suddenly become illegitimate?

FSBoperator:
In one of the videos of the protest, the one addressing their mob said in Ibo that "Chinese should not be allowed in our markets".

How is trade fair complex now their market ?

Lagos state should take over the trade fair complex .

You can't do trade in a state without state overview.

Lagos state should take over that market completely

But these Chinese are manufacturres. They are using price to undermine our local traders

emmanuelewumi:
No comment and no time for argument

In short, this time is no different. 😂

emmanuelewumi:
I don't invest in gold, I use the performance of gold over a period of 10 years to guage the performance of my investments.

The return on stocks like Presco and Okomu beat gold in the last 20 years.

The return on United Capital beat gold in the last 12 years

The return on Seplat beat gold in the last 10 years

There will always be a handful of stocks that outperform gold or the S&P 500 over a long period.

The harder question is: how many investors actually identified those stocks early, held them through multiple cycles, and captured most of the upside?

I suspect that percentage is very small, probably less than 5%.

Even those who did likely held other stocks that underperformed gold or the index, diluting their overall portfolio performance.

That’s why comparing one exceptional stock to gold isn’t the same as comparing an investor’s actual portfolio to gold.

For the majority of investors, investing in gold isn't a bad idea. Its simplicity means you don't have to constantly read charts or wait for companies to release financial results, while still having an asset you can hold for the long term.

emmanuelewumi:
The cost of 100 gram of gold in Naira was about 250k in 2006, now the cost is about N18 million 20 years after.


Very few stocks gave this type of return on NGX.


No Dangote stock beat currency devaluation, might struggle to just break even when we add dividends paid over the years

There’s a reason old investors tend to own a little bit of almost everything: they understand that every asset has its time.

When gold moves, it moves violently. And over the last three years, few major asset classes have matched its performance.

You don’t need to predict which asset will move next. You just need to own it before it does.

Agbalowomeri:
I don tell people say dem go return plenty money

The hype too much

Some fraudsters will also open their own shop to collect money

It's fake edited screenshot tho. NGX have not posted that on their official handle

Streetinvestor2:
They are exploiting the people and they want us to continue to support fuel subsidy removal. This is why Dangote want very large shareholders base of 10 units. He just want to build foot soldiers for his refinery in future
He is being proactive against a new government that max want the right pricing mechanism to be established

walai no one has understood Dangote cunning way like you do.

He has how invited tons of Hausa bloggers and had a chat with them.

Few of the points he mentioned are. I'm quoting him verbatim.

If you buy the IPO at 525 he said it will become 10,000 some day . If you put 5 million it will become 50 million and that Will make you wealthy. And you won't fear devaluation because the dividend is in dollars. he add if you have kids studying abroad,the dividend Will get you covered when we have devaluation unlike 2023 when many parents have to bring their children from abroad. He said that's what he set to help with.

Second point: he said the IPO Will consider common people first, those with 50,000 and 1
00,000. He said the big men will be refunded if shares finishes.

I think I wholeheartedly agree with you at this point. Dangote is just set out to recruit foot soldiers in the name of IPO with unrealistic promises .


Link to the interview https://www.facebook.com/share/v/14puDwbX4ij/

I heard that petrol is now N1,500/liter in some places. So you people are no longer complaining because you are about to own a small part of the refining kompeni abi?

Sell outs kawai. You betrayed the struggle.

starpower:
this time is different that what makes Dangote cement still selling Below is IPO price in dollars terms with past stock buybacks. There is a reason you must have a risk premium adjust price. People have made money in this market, but they have learnt to think by themselves. No immunity for a declining market it psychological, Agba is showing you his advantages that came from experience. Declining comes with insurmountable realities, they can't regulate that reality. Most times it comes before the general economy starts feeling the decline which makes it worse.

I become humble when someone pulled up s&p 500 index chart and showed that there was a period when the US stock market didn't go anywhere for 10 years and such period is called a "lost decade". Nothing is guaranteed in this market.

Nearly Two Decades Later, FCMB Shares Remain Below Their 2007 IPO Price

FCMB went public in 2007, selling shares at ₦14 each. Nearly two decades later, the stock trades at just ₦11.90, leaving initial investors who simply held the shares down about 15% in nominal terms.

But inflation tells a much harsher story. Adjusted for the rise in Nigerian consumer prices since 2007, that ₦14 would need to be worth roughly ₦210 today just to preserve its purchasing power. At ₦11.90, the investment has therefore lost about 94% of its value in real terms.

Meanwhile, FCMB's market capitalization has grown substantially over the period as the number of shares outstanding increased. It is a striking reminder that growth in a company's market capitalization does not necessarily translate into wealth creation for long-term shareholders.


The lesson for investors is simple: be careful about what you choose to hold for the long term. Don’t marry any company or stock simply because you believe in its story. Continually reassess the fundamentals, dilution, inflation-adjusted returns and opportunity cost. Long-term investing should mean long-term conviction backed by evidence not permanent loyalty.

Tinubu is God chosen.
I do not really like him but the starts alligned for him to become president

DoTheNeedful:
These figures appear reasonable. They are close to my projections too. However, I don't think APC will get 25% in Enugu and Imo.

I see APC narrowly winning Akwa Ibom, Cross Rivers and Rivers. Most non-Yoruba defenders of BAT online are from Akwa Ibom and Cross Rivers. Besides, those states tend to vote with the centre.

ADC might get 25% in Osun.

Wike will cook. That's for sure. Check the voting pattern of rivers in the last 3 presidential elections