₦airaland Forum

DoTheNeedful:
He is from my state but he is a silly man. Hardly can one find any reasonable investment of his in Nigeria save the Ruff n Tumble reportedly owned by his wife. I will always admire Dangote, Adenuga and the likes.

By the way, Lagos state should approach him on the proposed Lekki Airport.

e

The owner of Ruff and Tumble isn't his wife

safarigirl:
Recently, George Clooney rewarded his friends with a million dollars.

Why did he reward them? Were they doing him a favour being his friends even before he became a big star?

Anyone who stuck to you in your trying times deserves to be rewarded. If you have ever had a period in your life when you were down and you needed someone and the whole world abandoned you, leaving you with just one person who stuck by you, none of you would come here to make such ignorant statement about why men reward the women who stick by them

Do you know their story? Do you know if these women helped them financially? Do you know how many of these men may have been close to suicide and the woman was the only reason they didn't off themselves? People who kill themselves, you think they would have done that if someone listened to them when they were down and gave them hope?

None of you has obviously been down and out, at that point in life that you become a caricature to everyone, including supposed friends and family, because if you have been there, walahi, if you can, you go even buy Banana Island house for the person that held your hand when you were slipping into darkness.

If you know how many girls feed guys in school, you will not come here and ask a question as silly as "Did she do him a favour?" Yes! She fed him when he had no food, she gave him words of encouragement when he had no hope, she stood by him when he had no support. She took insults from friends and colleagues because she was the 'stupid' girl who was following the broke boy

What is a car compared to years of sacrifice and insult? What is the worth of a car? Do you think a car is even enough to repay someone for being the reason why you were even alive to get these riches?


Like I said, let me attribute this talk to common Ignorance. When you are broke and hopeless and only one person has your back, you will understand the men you think are senseless

I like this girl,

DAHWAH007:
Good day all,

I currently work in an indigenous firm in lagos, and the pay is reasonable. Permit me to state that i am ICAN qualified.

I just got an opportunity with FBN for Entry level position, and I'm considering it.

My question is: what are the future prospects of Tax/Audit consultants ? Are there available opportunities when one has gotten a considerable number of years experience ?

I know some people here have first hand experience In this kind of situation.

Kindly share your views on which option you think is best considering the fact that i don't have interest in practicing on my own in the future.

Cc lalasticlala mynd44

Entry level? FBN Merchant or First Bank?
Pick it, you need brand names on your CV, You would likely get tired of Accounting soon

I need to learn how not to oversleep.

LeiderJa:
I told my mom that I need to see a doctor but she laughed it off.

The thing is that I have 3rd MBBS resit exams in June but I can't even read, I'm just lying down quietly but with my mind in chaos.

Distant relations with family
No friends
No joy


I don't even know how my future will look like after school because I hate the medicine I'm

reading.

I could just die uno

Defer your admission for a session

kramer:
First South Korea's president was sentenced to 24yrs, now brazil's president, who next?

You.. just joking

marshborn:
Good day nairalanders....i am currently at a crossroad...i currently work at Zenith bank as a contract staff earning about 75k a month. The contract runs for 2 years and would be renewed when it ends...Zenith bank normally takes about 4 years to confirm one as a staff these days, well that being said I just secured a job as a writer in one of the major advertising firms in nigeria, the pay is about twice what I currently earn.

The problem is that I see Zenith bank as a more stable organisation compared to the advertising firm.
Meaning it might take a while but I could actually build a career with Zenith.
What do you guys think? Should I take the offer

*I am about 28 years old

Whats your job decription in Zenit Bank? i doubt it is something as prestigious as Treasury, guy, Zenith bank would employ GT's and you would feel bad,while wait 4years to be a permanent staff,?except its your passion,(start writing ICAN,ACCA or all), if not move bro. Content production is bae if you can be committed to it, Few people know how to write, just learn the ruduments of advertising well, creative writing, and client relations...you are good. Kindly move except you think this contract just is buying you time to make your next big move

Meeloreh:
Serenity

Mail bounced back, when i tried to reply.

Meeloreh:
can't remember,

Never mind, a mixup i think.

Kind regards

Meeloreh:
awwn, thank you sooo much. I really do appreciate this

UWC, whats up with the job paro you talked about sometimes ago?

Meeloreh:
Mine nko? Keshi was/is my birthday mate

Happy birthday Meeloreh, may your sky be painted with stars.

Cunnilingus:
Hi guys, please i need ideas on businesses I cud start up with the said amount. Everyone shud please contribute both male and female. Please scammers stay off I won't fall for ur rubbish. I get sense pass u and ur ancestors.

Put it in a mutual fund(STANBiC Bank, Firstbank or ARM) while you think of a bussiness idea.

Hmm, I fear Nigerian girls o. Guys always remember this till you get married: your mum is the only lady that loves you till eternity and can do anything for you.

A young lady's mind is feeble at best, her resolve is impulsive and her love is selfish.(including yours)

Never love a lady like your mind tells you, humans don't understand love, but be kind to all that comes your way.

Unfortunately most ladies like those who don't have their best interest at heart. There are good girls but always remember: death is a woman

NwaAmaikpe:



Unfortunate boy.
This son brought bad luck to Ubi.

First, his cash cow Iyanya left MMMG,
Then his wife Lilian Usoro, walked out of his life.
Then he almost died in a car crash,
And his house got burnt.


Ubi has been lost ever since.

You posts are always lucid,point wise.. you would make a fine writer, friction and non friction. i can imagine reading a novel written by you

[quote author=tobdee post=61152628]Some Island residents can relate.[/quote
As in....house rent is about 40% of my monthly salary

If you are smart, go for Economics, if you like process driven things go for accounting. The only problem i have with accounting is that anybody can learn it, ICAN ACCA, it is also one of the disciplines being threatened by the rise in artificial intelligence and automation. Economics is on the other hand is like a joker for those who know how to use it, its an intersection between science, finance and social science...The carrear opportunities are wider and it builds you up for top notch positions not some yeye accounting job, In must instance an accountants peak is at the CFO level, for organisations who do real stuff: investment banking, Consulting, Strategy, and private Equity...Economics na the way.

emeijeh:
Someone should Pls tell me the author of this book:
OUR HUSBAND HAS GONE MAD AGAIN

ola rotimi

generationz:
Don't change
Being a bad boy might get you what you want but it'll lead to character damage
Google Neil Strauss and his current book the truth.

Hello, do you have a free copy? pdf

writerights:
So MIT should offer accounting? Why have u chosen to reason this way?

MIT runs an MBA program and several other courses in organizational behavior

They pay in Dollars..

Well for anyone who is interested in learning, except for passion there is no course that is useless.
I finished with a 2.1 in sociology and today i work in a management consulting firm as a Business Analyst, founded by Ex-mckinsey consultants, though i got in through the graduate trainee program and have used less than 2 months on the job, have come to realize that rarely does your course of study matter, what gives anybody the competitive advantage is their ability to think wide and develop a depth of problem solving skills.

In my team we have an accountant, physicist, Micro-biologist, Doctor, and an Engineer amongst all, we all share ideas on different things and no project is the same, the Doctor is very good in Financial Modelling, the physicist is good at client relations and i am probably good at problem solving and economic analysis.

The work place is becoming competitive and the so called useless courses offers diversity, math's is hot cake due to its varied application, infact if am to go back to university i would choose it over any other course....

Public health graduates who are smart would probably do better than an average medical doctor in the long run due to emerging problems in developing countries.

Nursing is definitely hot cake considering the obvious truth that we don't enough of them

Nigeria has the largest number of Children outside school....thats a future market for education.

If only people are aware of the importance of language in this globalized world, you wont underestimate anyone who is multilingual(international wise)

A good sociologist is an hot cake in the job market, let me cite two examples of myself, have worked on a com-missed project to access the Risk Mitigating strategies of FMCG's with production plants in Boko Haram territories, have done market entry analysis for an intending FMCG company on consumer behavior and its possible effect on profitability. Same as working with a Fintech company on how to manage its market penetration strategy... Am sure every discipline has its own value, only ignorant people discriminate

certifications are even more important this days, you want to be a top Finance guy, just pass CFA level one,

When one door closes

Today is the anniversary that almost wasn’t for me.

On July 11, 1987, I began my career at Deloitte. After receiving my masters, I was eager to put my skills to work in the “real world” and even more eager to get some money in my pocket (what new grad isn’t?). So, I cast a wide net, sending my resume to several companies, and waited for the offers to roll in (what I lacked in experience, I made up for in youthful confidence).


Ironically, it was Deloitte that would test that confidence right out of the gate. The letter to the right from Deloitte Haskins & Sells is among the first I received in response to my outreach – a rather unceremonious “thanks but no thanks.” Not exactly the response I was hoping for. But, I was lucky in that I didn’t have too much time to go down the rabbit hole of self-doubt. Only a few weeks after being rejected by Haskins & Sells, a couple of offers came my way, including one from Touche Ross (which ultimately merged with Haskins & Sells to become Deloitte!). I gratefully accepted their offer to be an associate consultant in their Consulting Practice. But, with 30 wonderful years [and counting!] at Deloitte, the lesson of that rejection is not lost on me – probably why I saved the letter.

The road to success is rarely a smooth ride. Rejections and failures come with the territory. They certainly have in my case. Perspective comes slowly on that, but it does come.

At the time, receiving that letter from Haskins & Sells was deflating. In retrospect, I think the initial ego bruise served me well. It gave me the perspective I needed to begin my career at Deloitte with just the right balance of confidence and humility – which I firmly believe is the winning mindset in any career situation.

And ultimately, it was a reminder that when one door closes, another one invariably opens. In my case, it just turned out to be the same door.

olapluto:
This Alex reports and backwater beauty pagents sha. Just taking advantage of naive girls. Which girl no fine? God knows how much those ladies have paid with their body.

Lol..you funy die

omoluabi87:
FG Bonds, treasury bills etc are safe, yes but do you actually make money in real terms?
If interest rate is 13-14%, by the time you compare with inflation rate ( I don't have the latest figures from the bureau of statistics but I know it can't be less than 12%. ) I doubt if you make any money.

Inflation rate is 16.2%

TAKE a moment to admire—and fear—the ascent of America’s big-five tech firms. Apple, Alphabet, Microsoft, Amazon and Facebook have recently become the five most valuable listed companies in the world, in that order. With a total market value of $2.9trn, they are worth more than any five firms in history.

Elevated tech valuations used to be a sign of hysteria. Today’s investors believe they are making an ice-cold judgment that these firms are the dominant oligopolies of the 21st century and will extract a vast, rising, flow of profits. There is one gnawing doubt, however: the formidable five’s cash-rich balance-sheets, which are built as if they expect a crisis, not to dominate the world.


It is easy to see why investors are keen. Billions of users are tied into these firms’ social-media networks, digital assistants, operating systems and cloud-computing platforms. The five firms are squeezing traditional competitors such as IBM and Macy’s. Together they make $100bn of profits. Analysts forecast this will rise to $170bn by 2020. The rebels of Silicon Valley have evolved into slick moneymaking machines with high market shares. For investors it just doesn’t get any better.

Old-economy oligopolists, such as cable, telecoms and beer companies, are confident about their ability to extract reliable rents from customers, so they finance themselves largely with debt, which is cheap but inflexible, and return most of the cash they make to shareholders. Yet, oddly, the biggest tech firms have the opposite approach. Together they have $330bn of net cash (cash less debt), a ratio of twice their gross cashflow.

The pile far exceeds the cash buffers that tech and pharmaceutical firms traditionally carry to compensate for their lack of physical assets that debt can be secured against. For example a selection of five cash hoarders from an early generation of tech giants—Cisco, Intel, Oracle, Qualcomm and Texas Instruments—together have had an average ratio of only 1.3 times since 1996.

The money mountain will get much bigger as profits soar. The five firms have policies for returning some cash to shareholders. For example, Alphabet and Facebook will not pay dividends for the “foreseeable future” but have small buy-back programmes, albeit with no deadlines. Apple pays a meaty dividend and has a budget for repurchasing shares until 2019. Factoring in these programmes, and analysts’ profit forecasts, their total net cash will reach $680bn by 2020, or three times gross cashflow. Even Amazon, which has a relatively small pile now, will reach $50bn.

One reason for the cash build up is tax: 80% of the five firms’ gross cash is held abroad, allowing them to defer the levy American firms pay when repatriating profits. The bill for bringing half the cash home might be about $50bn. That is not to be sniffed at, but being clever about tax has become an excuse for firms to obfuscate and dither about their plans for their balance sheets.

The cash cushion is far larger than is needed to absorb shocks, such as a financial crash or a hacking attack. Schumpeter has devised a tech “stress test”. It assumes that staff are paid in cash not shares, which might happen after a stockmarket collapse, and that firms pay all their contingent tax liabilities (including all repatriation levies) as well as regulatory and litigation claims. It also includes a year of contractual payments—for instance Apple has to pay $29bn to component suppliers. Including all of these costs, the five firms would still have $380bn of net cash by 2020.

Nor could fresh investments soak up all the cash. The five tech firms together put $100bn last year into research and development and capital spending, three times more than half a decade ago. A torrent of money is already flowing into data centres, software, new headquarters and “moon shots” such as driverless cars and immortality drugs. In order for the firms to spend all of the cashflow they are on track to retain, annual investment would need to rise to almost $300bn by 2020.

That is over twice what the global venture-capital industry spends each year. It is 51 times the annual cash burned up by Netflix, Uber and Tesla, three firms famous for being cash hungry. And it is 37 times the average annual amount of cash the five firms have in total spent on acquisitions to gain new technologies and products, such as Facebook’s $19bn purchase of WhatsApp, a messaging service in 2014, or Google’s $3.1bn acquisition of DoubleClick, an advertising firm, in 2007.

Might these firms hoard cash just because they are run by megalomaniacs who are too rich and odd to obey any rules? That seems glib and out of date. Apple and Microsoft are no longer controlled by their founders. Those behind Alphabet were pragmatic enough in 2015 to appoint Ruth Porat, the former finance boss of Morgan Stanley, as its chief financial officer, to instil more discipline. Jeff Bezos’s interest is arguably for Amazon to pay a dividend—in the absence of one he is selling $1bn of his shares every year to raise cash to finance his space-rocket firm.

Valleys of death

Maybe if the tax code is reformed the great cash build up will end. The most mature firms, Apple and Microsoft, would make a large one-off return of cash to shareholders. Amazon, Alphabet and Facebook would adopt sensible frameworks for returning cash to shareholders as their profits soar.

But perhaps these firms love their giant insurance policy. Imperious on the outside, inside they may worry about obsolescence and regulation. Anti-trust authorities are getting hostile. Only five years ago Facebook and Google were struggling with the shift from desktops to devices. Both depend on advertising for over 85% of sales. Apple’s health depends on its latest iPhone, Amazon has thin margins and Microsoft’s profits have yet to rise.

If earnings do soar as forecast, the big-five tech firms could be plotting giant acquisitions of media, car or hardware firms, to diversify away from their core business. But they may simply be uneasy that profits will not rise as high as Wall Street now expects. Either way, the $330bn safety blanket that lets Silicon Valley sleep at night should lead investors to keep one eye open.

http://www.economist.com/news/business-and-finance/21722809-their-excuses-doing-so-dont-add-up-tech-firms-hoard-huge-cash-piles

Chukazu:
Guy.. You are making a contradictory statement, by saying media is not built on money and still talking about Nigerian journalists not been able to cover wars.

First, do you really know the cost of sending one journalist to cover war?

Do you see the military helicopter that Armanpour flies on.. How many media organizations In Nigerian can afford it?

Do you think she is left alone in those dangerous situations, do know how many security and gadgets that are provided for her safety?.. You only watch videos but you don't know what goes on behind the scenes
Now if a media organization don't have the money how do they compete?

Channels has been able to proof that they have got the brain but lack resources, for example most of their very best Staff were "poached" by this same TVC and years after they have Remained stronger but TVC struggling

Guy, i was an intern during my NYSC in one of this so called big" Nigeria broadcasting stations, and had so how dull things are, and for your information CNN doesnt have any military aircraft neither is there any special protection for them(except the UN act that disallows killing journalists during war) she simply tags herself with the millitary. Most war reporters have died, are amputated. Explorer(a nairalander opened a topic on that sometimes ago.

CNN isnt the best in the world because they have cash, they are the best because of their brand(goodwill) and people want to identify with it, it is so funny that First Bank of Nigeria sponsors a show on the network,have you bothered to ask why not channels? if you see the number of Nigerian firms that advertise on CNN you would think you are seeing a Nigerian station...... This stations are driven by a crazy vision not channels wills broadcasting station of the year for the 10time....Channels is trying but dont ever compare it to CNN or BBC even John Momoh wont.

where was channels and TVc when Reuters and CNN broke the news about the kidnap of the Chibok girls? is that one money too? A young journalist was made to swim in moderately hot water to conduct an interview with osama Bin... just because he wanted to be the first to talk to osama, havent you noticed that the best documentries about Life in Nigeria are done by foreign journalist,( is that one money too) A BBC journalist did a series on life in Lagos exploring the happy life of poor people living in Makoko etc is that one too expensive...

Go to channels website and compare it with ordinary Ajazerra, you would see the difference.

I ask you what quality programs do we have on channels that would attract prime time advert? if channels is not careful it would go down if some one like Mo Abudu decides to expand the scope of ebonylife Tv beyond entertainment.

There is something you must know about the companies that eventually become empires: their drive isnt money but quality. CNN vision was to be the first station to run 24hrs operations on earth(the owner isnt even worth 1billion Dollars)....Channels is trying but they operate like a Nigeria firm.

There are two strategies CNN and Co are employing: Cost leadership and service differentiation

Chukazu:
Channels is run by a core media personality, John MOMOH, that guy eats and breathes media, give him halve of what Tinubu has and Channels would be competing with CNN.. Tinubu is a media propagandist

Guy i believe channels is the best local station in Nigeria, but baba lets call a spade a spade and not a digging instrument, Channels just like most Nigerian corporation doesn't have that "Magic" of the likes of CNN or BBC. This magic isn't built on just money, it is built on innovation,strategy and passion. Christian Amanpour has been to the WAR front than most American soldiers, No Nigerian Journalist has even dared an interview with an high ranked Boko-Haram Commander, have you seen the dangers that some journalist put themselves in just to cover the 9/11 bombing. We also have passionate individuals like that in Nigeria but trust me they hardly get hired.

when you watch TV in Nigeria, you hardly learn, all this Nigeria presenters are star" conscious, Watch Hardtalk and see how Steve of BBC makes you know more about obasanjos mode, and Amanpour calls Buhari with his first name, but seun of Channels would be shouting Sir to ordinary senators.......This compromises quality.

Let me ask you how you got to know about RIchard Quest? His show is popular right? there are few quality shows on Nigerian TV which translate to few prime time for Expensive adverts.

Go check out Ajazera,CNN, CNBC and BBC, they attract only the best of Journalist, BBC took James ochole(not sure of spelling) from a Radio station in Lagos, Fareed Zakaria started working in CNN when his freelance article received national acclaim, in Nigeria people dont make it to the TV screen without some help"....

And there is no competition for breaking news, good stories among reporters in Nigeria,Just few good guys like chamballen, Maupe etc.

CNN, BBC and co write, report, broadcast and get involved in everything.... The philosophy behind them is great not just the money