₦airaland Forum

sunnyboi:
Why not just charge me for the robot and allow me use it in my own regulated broker? Why do I have to deposit money in the shitty crooked broker? Why are they guaranteeing a return of 45% ? The last time I checked, even George Soros make loses, and your shitty bot doesn't make any loss...lol. The mumu scam is targeted at non-traders and it's working. Even in my sleep, I can't fall for this scam.

It's an MLM play. No trading.

That's why the OP (and others) are pushing this hard. They're not interested in the 'trading' angle which has been debunked as a likely scam.

Some of the money collected is promised to doled out as affiliate fees before they disappear.

pakirisuitesphc:
You yourself agreed they are ponzi scheme by sharing this link.

Lol. Casting about for validation, he did not know what he was sharing.

He's probably looking to climb up the Affiliate Ladder.

Intelligence Capital comprehensively taken apart further here...

https://behindmlm.com/mlm-reviews/intelligence-prime-capital-review-boris-ceo-ponzi-scheme/

So, this has all the characteristics of an MLM Ponzi, with AI bot trading as a false hook.

Anyone, invest in this scam at your own peril.

Good Day.

emmanuelewumi:
What was obtainable in June 2021, might not be obtainable in January 2022.


The benchmark for a 10 year FGN bond in the secondary market is 12.6%. It will be more than that in the primary market

Understandable.

As at the time of the data you show, the Sukuk was already announced at 12.8% coupon so it's only correct that comparables (or near comparables) on the secondary market are immediately priced to offer matching yields.

emmanuelewumi:
Did you consider the tenors and timing of the bonds.

The guy specifically referenced MTN 10 year bonds.

It's weird economics not to have at least 100bps delta between similar tenored national and corporate bonds.

freeman67:
You are not considering the prevailing Bond Market rates... MTN Nigeria issued a 10 year corporate not quite long, same with Dangote Cement and Lagos State Government. Their rates were all in the neighborhood of 12%. All these are to be considered in determining rates. Like I ask before and will still ask again does it mean that the experts of these companies and state government are not being prudent too..? These companies and sub-national Bonds are well rated and have not defaulted too. So the risks with them are relatively minimal.

You should be looking at the inflation rate and devaluation and currency devaluation in the USA and China when using their bond rates as reference.

If I may. You're actually reinforcing our view. How can an FGN bond be priced at 13% with a corporate bond at 12%? This is only possible if the said corporate has significant foreign revenues that can be said to 'pierce the national veil'

The country can always print money to service its bonds, or tax the corporates more.

And, if the nation defaults, the corporates are marked down because political risk has increased in their operating environments.

I think the advisors on the Sukuk screwed up and overlooked their mandate. I deal with these guys all the time. It's year end - they get lost and giddy about their individual bonuses.

Here, I'd say it's not the volume of oversubscriptions that is the success benchmark, but the lowest cost (to the country) to achieve the required bond amount.

Peace.

einsteine:
He is not talking about the merits of these bonds and sukuk to investors but whether it is prudent for government to offer them at such rates when there are many investors who will still invest at much lower rates.

Agreed. Society as a whole (not individual self-interested investors) benefits when Government borrows at the lowest possible price out there.

There is too much premium afforded between the market clearing priced (but nonetheless over-subscribed) TB rates and FGN bond rates. For the same underlying credit risk.

For instance, if the Sukuk were priced at 11.5%, it would still be oversubscribed. Some people here might choose not to invest, which is good as that money would go directly into the productive economy.

In my example above, there is absolutely no need for the Govt. to leave that 130bps on the table, rewarding rent-seekers*.


* Of which I am one, by the way.

gasparpisciotta:
Igala in Yoruba

Bush buck a type of Antelope in English

Specifically, a Sitatunga, or Marsh buck.

https://en.m.wikipedia.org/wiki/Sitatunga

I guess it was killed in some south south swampy area.

The good thing is that it is not listed as endangered.

Naijatask:
You can choose to ignore my post or wallow in ignorance sir

It's a Public forum. You put it out there. Anyone can comment.

I maintain it's dangerous in this day and age to permit an app to clone your data.

You chose the easy ad hominen response and no one is any wiser. Sir

Naijatask:
Step 8: to complete this process, exit the notepad and then head to the app you wish to hide, and delete it from your phone. You don't have to worry as the notepad has already cloned the app and all your data.

Lol. Reddest of red flags there.

Like opening the door to your house to unknown app men.

Be careful.

Don't try this with your bank apps or any other critical app.

Ggee:
So any good Bio digester person on this forum?
I want to do it on my ongoing project but not sure of a good person for it.

I seem to recall @Rotecch77 was actively promoting this on here a while back.

hslbroker2:
They both in bold rely on scavengers to produce their products, but Top Steel and LCI always import iron ore to produce baba, I can belt on them baba

Another Naija accepted "truism" that really is a "falsism".

IMO, this particular fable hurts us and leaves us subservient to foreign exchange fluctuations - importing iron ore in this day and age!

Iron at the molecular level is the same whether produced from ore, or from reclaimed metal. Both have 'impurities' to be removed and it is the way these are handled that decides the final quality outcome.

Ovamboland:
Now are you saying those supernatural tales of animals talking to humans, creation stories etc in the bible are fiction not real events?

@hupernikao... please answer this direct question if you can.

Yes or No would do.

Thanks.

We come in peace.

topsy23:
Great quote

All service providers 'humming and ah'ing' about how great this quote is, it's nearly end of the year. It will be mightily hypocritical if you don't look back over the year and mark yourself honestly ...

... have I left any dissatisfied clients out there?
... who have I ridden roughshod over this year?

Then maybe you can try to make good if not too late.

IMO, it's not about carefully curating an online personae as, luckily for you, not every blowback is brought here.

Real world things.

hupernikao:
How do I analyze Bible with you when you don't actually know how to read properly. You will only be arguing. This is what need to be corrected first.

You are seeing plain text like vision, and your interpretation is like one who is watching movies and retelling the scene.

So, let's start from that, that's when we can move to a proper point of examining the scripture. Hope you are ready to learn.

Hey Chief, I am asking this from an 'interested spectator of this exchange' viewpoint, no declared skin in this particular fight.

- If the Bible is the key to everlasting salvation, why do you need a special ability to read properly to analyze it? Y'know, to avoid taking the stories at face value?

- Does having this ability imagine some level of education/critical reasoning?

- How is such ability distributed among the general populace, so everyone has a chance at this everlasting salvation?

Again, I come in peace.

pm

Grandstronics21:
I will create a thread and tag you there.
Will upload pictures as you have advised and be putting prices.
So much appreciate your advice here.

Chief, you will do very well here with that attitude (and POD!). I will also keep an eye on your thread.

Good luck.

sonnie10:
If the issue is not about next, I sincerely apologize to all. I have not seen hslbroker2 pictures.

Greenarrow01:
I apologize.
I sincerely thought it's next

This is as it should be so well done guys.

BTW - the original post of contention ...https://www.nairaland.com/2550211/general-topic-thread-to-discuss-anything/2577#107662328

Good day.

EgunMogaji2:
It’s not impossible it improbable.

I’ll wait to offer a full apology if the pictures I referenced above proved to be in Nigeria. Street lights, fireplace, street signs. I have some USA light switches and sockets in my house so those are relatively possible.

I made the same initial observation.

It would be a great shame if he indeed was passing those internet pictures off as his own executed works. There was a lot of interest and goodwill, at least on my part.

I hate it when this happens.

Anyway, I'll join my apology to yours if that's not the case.

Chriswazo:
This house construction is very neat and great, Ur work is quality bro.

Did U study Civil engineering or

True.

General feel of solidity.
Sharp clean angles.
Perfect symmetry across the various floors and terraces ...

... the man is good.

Generous with knowledge too. Bless his hustle.

twinskenny:
This is rather funny… so when did they sealed the building? The building is already at finishing stages…..

The news article is from July 2020 so it must have been 'unsealed' somehow since.

A lot of LASG officials sitting on hot seats right now.

Nero2424:
When all this so called Lagos state officials like money more than safety, this is what you see.. when an engineer what to jump on every project even when the funds arent enough, this could also be the end result.

Seems It is sad but was inevitable. The building has history ...


‘Preventing Calamity’! Gov. Sanwoolu Seals Gerrard, Ikoyi High-rise

https://www.thecapital.ng/higris/

What could have warranted such an order? Findings show that Lagos State Government is miffed with the property developers and owners for embarking on such a project without subjecting it to procedural approvals from the state government and other authorities vested with the mandate to ensure compliance with standards and quality. In other words, the massive project has been sealed for lack of approvals from required quarters, as Lagos State Government has risen stoutly and promptly to halt the gargantuan project.

According to an inside source who spoke in anonymity, the State Government took the action to seal the building in order to ensure that what happened with Lekki Gardens Estate when its on-going six-storey building collapsed on March 8, 2016 would not be witnessed again in the state.

“It is unheard of that the owners of the Ikoyi project in question would embark on such a capital intensive project without obtaining required approvals for a project as massive as that. Gone are the days of negligence on the part of the government when people flout the law. Sealing up the project is law taking its due course

Am I the only one 'triggered' by the succession of giant adverts drowning out the useful stuff in this thread?

Moderator?

kopell:
I understand what your concerns are, to the clients pay them right. In my case most of my projects is handle by the architect that draw them, including contact of supervision except one. The architect who draw the plain is in Imo state never meet him till date. The engineer that build the house is here very hobble gentleman never meet him as well, had no any issue with the him till the end of the project, even though he travels to state every time till the end of the project. A lot is happening behind the seen here without any noise. I don’t know why many of them stop posting their jobs here, some of us that knows they are handling multiple projects in different locations knew, many thought they are out of business.

Agreed, and more grease to their elbows - those able to manage multiple projects across the country, including delivering on any warranty issues after.

Those unable to, please don't take the job.

We are all on the same page - we want everybody here to be successful.

kopell:
It’s my style of doing things remotely, no restrictions. At foundations level, I show up without them knowing is mine project. I always have a tested and trusted hand on ground that gives me daily progress reports . I believe we have dealing yourself without meeting me.

Remote working is not the issue here. In this case, an architect might need to visit the site more than once to clarify or check things and the cost of the visit is a big bugbear when it's out of town. I often offer to bear this but there is a natural limit after which you begin to wonder whether a local option would have been a smarter choice.

There was a dispute here recently on concrete paving work. I believe had the contractor had been able to readily drive down perhaps on his way home from work, it might not have escalated as much as it did.

So, I've worked with many artisans here, imported from Lagos to work on my project. Other than Gbadexy - and that's simply because he supplies paints - on time, on spec, and makes himself readily available for remote consultation - I have found myself wishing these were more local because my project would perhaps then get more attention.

If I was scoring them, and they got a perfect 10 in the actual job execution, I would deduct at least half a point for follow-up unresponsiveness, sadly magnified by the distance issue.

IMO, of course. Good day.

michlins:
would you be "open minded" enough to experiment with your own build?

Absolutely. If the qualified professionals I engage deliver the appropriate structural calcs and draw on examples from elsewhere.

"Don't try it" is probably how we ended up with 9 inch blocked monstrosities as the norm (in my view).

Good day.

uncleteeh:
It can't.
It can never be substituted for wrought iron used in reinforced concrete.
Note:
We don't just use any iron for reinforcement in concrete. The name of the iron used is called wrought iron.
Why?
It has a high tensile stress: when acted upon, it does break at a go, it stretches instead (bends).
When that bamboo dries inside the concrete, it will turn to some thing like galvanised pipe.
If there's a reason for it to break, it will let go easily.
This is a topic 4 anoda day.

Chief, there two confusing inconsistencies (to me, at least) in the above.

1. Wrought iron for concrete reinforcement?

2. Assuming you meant steel, bamboo has a higher tensile strength than steel.
https://www.engineeringdiscoveries.net/2019/05/why-bamboo-is-more-stronger-than-steel.html?m=1

Dire warnings are already being passed here about bamboo but I've read different.

We should not be afraid to experiment IMO.

I can accept that the body of knowledge in the structural prescription and application of bamboo is way behind steel rebar but we can get there.

With a little more open-mindedness, actually, we'll get there.

Good day.

AfroKnight:
At that age it is hard for them to learn a new business.

Give your mum that mini mart. She’s an experienced trader already. It’s just a bigger space.

As for your dad, he needs a good space for him to practice his vocation. I’d suggest a modern mechanic shop or a spare parts shop.

This is golden advice.

Let them continue on their chosen path but enhance it for them.

And remain in the background as their support and guarantor if they initially struggle with new ideas etc.

As someone said - you be better pikin

Yansham:
Instead of looking for way to resolve the mess created, baba dey post back to back.

It is possible to do both, y'know ...

somehow:
My QS is on his way to Lagos just for this.

Good day.

somehow:
I followed the mantra "All have sinned"

But we move!

I'm not taking sides but I can only speak as a client.

A quiet client having issues on a job given to a popular/respected service provider will be doubly vexxed seeing that person promoting and contributing on this thread as if nothing is wrong, thus continually winning more kudos and jobs.

I think I have that currently. The service provider knows things are not ok. Loooong delays. Simple things that can be fixed with communication. Chooses not to communicate. Pushing other jobs. Showing off. Giving good advice to others ...

... all these things feel like flies resting on my testicles lol.

I think it must be a special form of undiagnosed sociopathy.

Betboss:
Thank God for nairaland.com, I know I will always find a reasonable answer. Thanks bro for this. I just wanted to be sure this deductions are not as a result of not filling the form properly.

I just hope they don't bring this rubbish to my Adsense and Amazon earnings.

The witholding tax is not such an issue if you declare your global income to the Nigerian Tax authorities (as you should) as a matter of course.

The Nigerian Tax authorities will tax you on your Global earnings (Naija income plus any US income) but credit you for the tax already witheld in the US. You might end up paying less tax in Nigeria overall as a result but you probably didn't intend to declare to the Nigerian Tax authorities that US income you've earned anyway.

Hope this makes sense. Good day.

[quote author=kkonsults post=105956608][/quote]Interesting.

Thanks for sharing.

kkonsults:
Design

Quick question Chief. This is one of the first designs in Nigeria I've seen provision for an attic room in the roof from the get-go. This is off particular interest to me (see: https://www.nairaland.com/3750414/quick-question-roof-space-utility).

Does it mean you provided for an additional (concrete) slab just for that room or (as done abroad) propose to use a wooden floor over a structural RSJ tied to specific columns in the local area? I can wait for pictures when you get to that stage too.

Thanks.