₦airaland Forum

zendi:
Hmmn ! Don't be too sure that a new Govt will be quick to spit out the sugar it finds in it's mouth.

Taxation puts money in the hand of the Govt. A new Govt will not be in a hurry to dismantle a revenue scheme it met on ground, even if it would not have introduced the scheme itself.

In the words of our fathers, if abomination survives for a year, it becomes tradition.

Besides, will throwing out the "clueless, arrogant" Govt even be doable ?

GeneralDae:
True, we pray there should be no riots. But to your second point, don’t you think this is evidence to Nigeria’s strength and ability to keep itself together despite fighting many internal battles all at once for years? How many countries can handle that and not be down by now? (think Sudan conflict).

Nigeria has dealt with Niger Delta Avengers, IPOB agitation, Fulani herdsmen, Bandits, Middle belt crisis, ISWAP, BokoHaram, Lukarawa from the Sahel in Kebbi, etc stretching the military thin across the nation but still keeping it’s shit together in Abuja.

SonofElElyonRet:
No violent riot that won't be put down in Nigeria. This ain't Nepal.

zendi:
Going for the jugular:

Tax Identification will become a requirement to operate a bank account from January, including to transact on NGX.

etokhana:
https://www.vanguardngr.com/2025/09/national-grid-collapses-again/

oyatz:
This is similar to the usual excuses of failed siblings, blaming their most successful siblings that 'all the money that our parents had were used to educate Broda Yemi/ Aunty Aminat' now, he forgets us.

The real reason why other States witnessed slower growth: collapses of over 300 manufacturing companies scattered accross Nigeria between 1986-2007 and replacement, with culture of massive importation. This led to great rural-urban migration.

freeman67:
You guys can be fighting your stock picks/recommendations war. That's normal. What is not Normal is putting out incorrect information. Nobody chased OGG away. He was canversing for customers and trying to divert members to his group where he offered paid service. Even though that was not in anyway a crime/offence, it negates the whole essence of this thread.

He stopped commenting either because he has had enough customers to sustain his paid services or because he was no longer getting more customers from here. Nobody chased him away because of his stock picks.

Also, please beware that no matter how accurate your picks and predictions are there will always be people with contrary opinions. Infact even God that created the Heaven and earth human still go contrary to his commands. The only difference between the people that fronted/marketed aradel and transpower with those in Ellahlake and Oando is the emotions and intolerance attached with Oando/ellah fans nothing more.

maasoap:
Israel is a rogue nation, we have been saying this before. All those Arab and Muslim nations go get sense last last and I hope it won't be too late. This is how Israel and USA will be coming after them one after the other while each of that's yet to be attacked will be thinking that they are safe .
Israel is committing genocide in Gaza while Saudi Arabia is talking about "normalising" relationship with the same Israel.
USA is supplying bombs and weapons to Israel to continue carrying out her genocide in Palestine while Saudi Arabia, Qatar, Bahrain and Co are busy signing mega billions weapon deals with the same USA

Mikyle:
This Christian terrorist group called isreal bombing residential buildings now but when Iran was doing the same, they were shouting just because the heat was much for them. They quickly listened to cease fire during their conflict with Iran but turn deaf hears to that of Hama. They should just go back to iran so as to start picking the left over of there country in no time.

crownprince2017:
As long as people are not ready to respect others' choice of stock, there will always be gbasgbos.

When person was recommending eti as the best new thing, the price keeps doing gbelogbebo till now, another hawked aradel, transpower but what happen? The same story. the same people will do plenty analysis why they felt a stock choice of another person is bad, some even criticized people saying buy with patients funds. None of the critics have ever come out to say sorry for misleading people even when it's obvious they were wrong.

I have seen ogg come here to drop recommendation and come to pass but bad belle will still come here and say there was no time frame that anybody could have done that. Since they chased him away, we are yet to see their recommendations with time frame.

Despite ogg showing plenty workings why he thinks there is a value in a particular stock, the bad belle no gree allow am stay here in peace.

Ogg, na man you be..

Double standard everywhere.

cl0r0x:
Aljazeera reports they survived.

15 isreali jets dumped 10 bombs.

Lamasta:
Let him join the union his workers are under lanbour laws in the land

Melcapital:
Thanks for regarding the comment and being a big person.

Agbalowomeri:
Restating results does not necessarily mean there was blunder

Joyful365:
How old are you? Why can't you make your points based on facts and common sense?

Was ₦6 billion loan received and approved within 48 hours of EGM?
Is the ₦6 billion loan to be converted to shares at ₦3 per share?
What is the current price of Ellah Lakes?
Is there incentive for those who will get nearly 2 billion Ellah Lakes shares to sell at current price?

2 billion Ellah Lakes shares is currently worth 28 billion+

You gave loan of ₦6 billion and in less than 3 months the loan value has grown to ₦28 billion. Why won't they sell and why won't they even borrow more money to prop up the price?

NGX is corrupt and inefficient. Let them allow short selling of stocks and remove the cap on maximum percentage price movement of stocks daily. Ellah Lakes will drop to ₦5 today.

lagostrendboy:
“One Was a Gaudy Carnival, the Other an Exhibition of Class” – Patrick Doyle on Two High-Profile Nigerian Weddings

Veteran media personality Patrick Doyle has shared his candid thoughts on the contrast between two recently held high-profile Nigerian weddings that took place in the United States and Europe. Eyes Of Lagos reports,

Taking to social media, Doyle described how the two ceremonies showcased very different sides of Nigerian society.
Patrick Doyle’s Observations

In his words:



https://www.facebook.com/share/p/1B5GTrkwrF/


Social Media Buzz

His post has since generated discussions online, with many Nigerians debating which weddings he was referring to, while others applauded his boldness in pointing out the duality of Nigerian culture—loud and flamboyant yet stylish and sophisticated.

https://eyesoflagos.com/patrick-doyle-throws-shade-at-davidos-wedding-hails-another/

Islie:
https://guardian.ng/news/india-snubs-u-s-buys-2m-barrels-of-nigerian-crude-amid-trade-rift/

frostmate2:
Gone are the days of beating 'small' teams like Rwanda 6-0. See them follow us play

KarlTom:
Actually the signs were there

Now I expect a rally that'll take the SP well above ₦50 in order to make the RI attractive to SH 🤠

By the way, I don't know why I never received correspondence on the UBA RI from PAC Registrars 🤔. My wife and son do get their mails

HydraFeeds:
This week ,President Trump of USA in which USA is the life of Israel said that Israel lobby is the greatest lobby in US , has total control of the Congress but now they don't . According to survey , over 60% of GenZ Amerricans support "Hamas" over Israel .

Trump also said Israel might be winning the war but they're losing the world .

What you don't know is that the more e vil Israel commits or try to control people's opinion through media like TikTok,X, Google censorship , the more people wake up and go against them .

No one is chosen or owns the World .

HydraFeeds:
A hasbara gaslighter , not only my opinion but opinion of billions of people .

Yesterday , Scotland made move against Israel, the same with existing Ireland movement , France will join several other countries to recognize Palestine .

Over 55 ships from 44 countries are enroute to Gaza to break Israel siege and also Israel activity has been declared genocide by the authority .

It's only people like you that are beclouded by religion tat will throw away humanity .

CoronaVirusPro:
Isreal can dish out all the propaganda they have in the world, it still doesn’t change how the world sees them.

They still always be mentioned after the Nazi’s.

megawealth01:
A lot of people kept quiet on this UNITY BANK miracles. Just imagine if the news had gone south you would have known that a lot of people were waiting to say that they warned newbies about following MEGAWEALTH01 into UNITY BANK but my JESUS nobi man 😘

Una for see silly analysis of UNITY BANK

sammyscholar:
Not a sign of leadership. Government blaming the private entities for it's failure!

awesomeJ:
Isn't 26 20+??
You're confusing me now.

Maybe stick with sub so I can understand 😁

pluto09:
I don't think I have the patient to play access bank. I will only consider it if the price dips to N22

ProphetUtuocha:
1. Commercial Papers (CPs): Is the quoted interest prorated?

Yes , in virtually all markets (Nigeria inclusive), the quoted yield (e.g. 21.15%) is an annualized rate, not the exact return for that tenor.

To get the actual interest you earn for a shorter tenor (say 270 days), you have to prorate.

Exception: Some CPs are issued on a discount basis (i.e., sold below face value and redeemed at par). In that case, the quoted discount rate already embeds the time tenor. But if you see a "quoted yield" as in your example, it’s annualized and must be prorated.

Are CPs subject to withholding tax (WHT)?

Yes. Interest income on CPs attracts 10% withholding tax in Nigeria (deducted at source before payment).

This is the final tax (you don’t pay additional tax on that income again).

Other fees on CPs?
Typically no additional fees charged to investors. The issuing company may pay arrangers, trustees, issuing houses, etc., but those fees are on the issuer’s side, not the subscriber’s.

As an investor, what you see (net of WHT) is what you get.

2. Money Market Funds (MMFs)

How are fees charged?

MMF managers charge a management fee (often 1% – 2% per annum) and sometimes a trustee/custodian fee (tiny, usually <0.3%).

These fees are charged on the fund’s total assets under management (AUM), not just on the interest earned.

The fees are deducted from the fund’s gross returns before you see your NAV/unit price increase.

So in your example:
Invest ₦10 million.Suppose the gross return on investments = 10% (₦1m).

If management fee = 1.5% of AUM, that’s ₦150,000 deducted.
Net distributable return to you = ₦850,000 (an effective yield of 8.5%).

What happens if the fund makes no return (or negative return)?

Yes, fees still apply. Managers deduct them from AUM regardless. However, in practice, most MMFs are invested in safe, short-term instruments (T-bills, CPs, repos, bank placements), so negative returns are rare. But your capital can erode slowly if returns are very low and fees still get deducted.

Remember:
Commercial Papers: Quoted yield is annualized, prorate to tenor. Subject to 10% WHT. No investor-side fees.

Money Market Funds: Fees are on AUM, deducted before declaring returns. Even if returns are low, fees are still taken.

pluto09:
Any common sense pick at current price?

ogododo:
https://www.vanguardngr.com/2025/09/price-hike-no-subsidy-on-cng-says-fg/

Bovis:
I did have a look at Ellah over the weekend fwiw.. but the numbers are quite depressing and it’s grossly overpriced. I’m afraid, I now share Street’s views on Kpakus and still prefer Okomu Oil as a growth stock at cp

PS:

This current pullback is an opportunity to average down on dividend paying quality stocks. However, some folks will soon start blaming President Tinubu for their poor judgement on Oando/Wale🤫

Joyful365:
Please house clarify these grey areas on commercial papers and money market funds if you have the experience.

For commercial papers, is the interest rate quoted prorated? For example, if 21.15% is quoted for 270 days tenure, is the 21.15% indicated for one year interest rate, meaning to prorate it to 270 days you do 21.15%/365 * 270 = 15.64%? Meaning it is 15.64% that will be paid for the commercial paper of 270 days tenure? Or the 21.15% will be paid for the 270 days CP tenure? Also, are CPs subject to witholding tax? What other fees are charged on CPs?

On money market funds, what are the fees charged and are they charged on the interest earned or charged on the total sum under management? For example, if you put ₦10 million in a money market fund and it earns 10% (1 million) in one year, will the fees be charged on the 1 million earned or the entire 11 million? If on the entire 11 million, what happens when the fund managers don't make any returns? Will they still continue to remove their management fees from your capital?

kintus:
I be Loco student 🤪
I have always listened to Egbon Agba.

Oga Emma, Oga Osita and August visitor oga Sunrise and many of them.

We keep learning.

I dey learn from everyone here.