₦airaland Forum

Agbalowomeri:
This winter go woundjure them for europe o

With brent @$115

And US and Israel are reportedly planning another attack on Iran's infrastructure after the midterm elections.

KarlTom:
Can this Lazarus wake up again?

Mention the name of the ''Lazarus'' now?
I hope you are not talking about our 'Uncle''?

chimex38:
Companies are generally in closed period.
seems nothing extra outside
DRP-IPO.

The market is expecting Q3 results; plus year-end contingencies, uncertainties etc

Zagee:
🌽 men campaigning!
I give it to Tinubu, he is surrounded with professionals to carry out his biddings. Behind that is just a "hogwash of balderdash!!!"

Surrounded by ''yes sir'' boys in the name of ministers and appointees.
That is what nepotism breeds

crownprince2017:
I just they look all of una, by jan if pbat wins, una go chop plenty beans for my hand on this forum, better make sure he doesn't because I'm taking your names down somewhere in diary.

Even the street fighter, if you like block me every where, I will come after you, na that time you go know wetin them accountants like agba they call lifting the veil.

Mike, mega et.al beware....I'm coming for you if pbat wins reelection..pls I will not tolerate any excuses ooooo..win na win oooo..

Make person no tell me say hin candidate wins but no evidence ooooo. We no go jam agbako ooooo

You get it wrong. It is not all about winning election for everybody critiizing the govt.
Any presudent can "win" an election Nigera.
Buhari won a second term OBJ did.
Abacha would have won election if he did not die
Obasanjo would have won if the Senate did not block him for 3rd term

"Winning" an election in Nigeria is not too difficult for a desperate sitting President. By hook or crook he can always win.
Political parronage, money, thugs, ignorant electorate, security agencies, INEC righing, is all that it requires for a desperate sitting president to win agsin.
So in acrual fact Tinubu can "win" again, either genuinely or otherwise.

But that does not indicate he has performed well in govt. Several of such examples abound in Africa! It is nothing new
For me, he has a clear advantage unless something drastic happens. But I am not imoressed by his performance in govt. It has been poor!

essentialone:
How come I started seeing your political posts again? I thought I blocked you before.

Why are you confessing to me?
But you are forgiven because your eyes are blessed for reading my posts

ayobama1:
You already know more than the emilokan president, what else are you waiting for

Just let me do follow Emilokan's footsteps. He is the one who called a sitting president a ''drunken fisherman''.
So let me continue with the ''fishing expedition'' of the ''drunken sailor'', according to OBJ

ghm:
Access Bank? I wish. That one pass me. But never say never.

Let's be honest—Access is not an interim dividend play right now. The CBN is withholding approval because of a capital breach (foreign subsidiary exposure at 19.3% instead of the 10% limit). Management has until May 2027 to fix it, but so far, no concrete divestment or restructuring has landed. Until they fix it, no interim dividend.

And before you accuse me of "deliberate wickedness"—we are in the same ship together. Access is my largest holding by number of units. So if I am omitting it, I am omitting myself.

It is not wickedness, just facts. If Access fixes the breach and declares an interim dividend, I will add it myself.

Yeah, you are right.
But they seem to be gradually divesting some of their foreign subsidiaries.
They may just announce a big deal by end of December in order to avoid breaching the Mar2027 deadline.
Such divestment may lead to cash distribution to shareholders (special dividend) and potential jump in the share price.
Lets wait and see

ayobama1:
You will become President too one day 🤣

I would not become president if/when I am not ready for the intellectual and physical demands of the job.
I don't have ''emilokan'' mentality or sense of entitlement

ayobama1:
This your fishing expedition must have brought enough fishes to start an alternative government 🙄

That is how he (the clueless baron you are defending) was fishing until he became president! I learnt the ''expedition'' from him..

ghm:
Imminent Dividend Play

Can't you sneak in Access Bank for once?
With all your expertise and alayses?
What kind of ''deliberate wickedness'' is this?

GeneralDae:
If the country collapse and you can’t buy bread for 5k, only the mega rich would survive. All of the middle class families would fall under poverty.

Scarcity is worse than high prices.

Do pray or wish that your family falls under severe poverty since you think it is ''...better than allowing the country to collapse...''

The incompetence of a govt cannot be used as the standard for economic management. Others would have done it better

GeneralDae:
Low net reserves, high fx backlog, high debt compressing NNPC due to a wasteful fuel subsidy, dwindling oil production, printing to sustain budget (23 trillion printed), etc has only one path and that is a collapse. A slow path but a sure path nonetheless.

When you disrupt that system it leads to an earthquake immediately which would then subside slowly but you have turned away from the path of destruction as long as you do not go back to Egypt and you do the right things

Do pray or wish that your family falls under severe poverty since you think it is ''...better than allowing the country to collapse...''

GeneralDae:
Better than allowing the country collapse by continual pegging of naira and a wasteful subsidy.

No country would collapse anywhere! Telling lies to cover up failures
Abeg, this govt is clueless, and inept.
Do pray or wish that your family falls under severe poverty since you think it is ''...better than allowing the country to collapse...''

GeneralDae:
Nigeria was already poverty capital of the world before Tinubu. Some years we were beaten by India but India overtook us again even before 2023.

And 15m more people have been added to the numbers through Tinubu's policies or ''reforms''. I guess that makes you satisfied

crownprince2017:
All this Numbers fmcg are churning out, who are the customers, they deceive yourself, every business don't increase price to the current reality except the civil servants.

Na the same price you dey buy your groceries you still buy them today? Abi which sme u dey talk about.

You can go ahead and challenge MAN that says 700 manufacturing companies have shut down; and NESG that says 30% of Nigeria's 24million MSMEs have collapsed since BAT implemented his policies.
The information is available online. Just do a little reseacrh.
Once you are okay in your corner, you think everywhere is fine?

faoogoke:
Emefiele was simply distracted.

If you were building a 700 unit housing estate wouldnt you too be distracted.

Na wa ooo!
A whole 700 unit housing estate! Damn!

Agbalowomeri:
E be like say naija people dey really chop you with this national anthem

It is a welcome development

Also know this; all street prices have recalibrated extensively. That is why everybody is shouting inflation. Everybody has raised service prices. The only disadvantaged groups are the civil servants whose salaries haven't really matched up. Allow people to dey deceive you.

Flawed analysis!
The private sector, SMEs etc are also suffering. Customers are unable to buy and consume as much, hence businesses have collapsed.
MAN and NESG have said it.
Do you live in Nigeria at all? How could you say people are ''deceiving'' him? Such insensitivity all because you want to defend a govt?

Agbalowomeri:
And that is what my arguments have always been about. Activities in the RIGHT DIRECTION should be applauded.

Not just blanket 24/7 criticism. Will I say Tinubu and cohort no chop money? But it's all of them irrespective of region or ethnicity. Once they congregate in Abuja, na money chopping join them.

Those activities in the ''right direction'' do not include the reckless devaluation of the currency from N500 to N1,500.
That is my point.

megawealth01:
One of the best places to invest is the POWER sector...

I don't know if it has been fully privatized?

TRANSPOWER PLC on my mind

Other Power companies will still come on board and list on NGX

Agbalowomeri:
He had to protect his girlfriend. Emefiele na simp. Once he sees the diamond bra, all brain functions lock

Says who?
Jesus said: ''Let he who hath not committed Emefiele's ''sin of the diamond Bra'' cast the first stone''.

I know the first person to walk away and leave Emefiele with Jesus.

pluto09:
I will not be surprised if you also say the improvement in crude oil production has nothing to do with the president actions.

And you can also not see that liberalization has helped to improve remittance to flow through the official channels rather than through the back door.

We can give kudos to the president for the gains in oil production. And I will agree 100%.
He has been trying to attract investments to the oil sector, especially upstream. He deserves all the credits for the results that come from such efforts. The Niger Delta has also been peaceful, so everything is working in that regard.
So I don't have problem to say we are earning more forex because of oil.
But don't twist it and give credit to the devaluation of the currency! That would be mischievous!

megawealth01:
I’m surprised that Emefiele is a free man today, sef. Legally speaking, shouldn’t he still be behind bars, given the allegations against him, or has he now become a card-carrying member of the ruling party, where everyone automatically becomes a saint? 😂

Emefiele was just a disaster, especially the way he handled the change of the currency notes, making people to suffer and die while they had money in the banks but could not access it.
For me, the sacking of a person like Sanusi and appointment of a clueless, inept and misguided Emefiele as CBN governor is one of the low points that cast a big dent on the legacy of Jonathan's administration!

Agbalowomeri:
So dem tell you say I dey earn million dollar?

You enter bank to collect dollar and they offer you $200 or $500, if you're lucky and you fit shout you fit get $1000

Does that look normal to you? Even CBN was owing backlog. The administration attacked the issue head-on. Why is it difficult for you to acknowledge the positives even if you are not a supporter Lol. That is what I call bias

''Positives'' created or caused by who or what?
It is the improvement in crude oil production and high prices that has made us have better forex inflows. That is the source of the ''positive''.
It is not the reckless devaluation of the currency! Don't twist the facts.

Agbalowomeri:
Who could access dollars, euros or pounds from the banks pre-Tinubu? Exchange rate is meaningless if you cannot even collect your money from the banks. I know how much I had in my account that I couldn't collect for years till Tinubu enter. Today, I just sit in my house and transfer dollars to my naira account with no stress.

If you don't use dollars you do not need to argue.

My man don come again!
Availability of forex is more a factor of how much forex you earn, not just devaluing your currency!
There has been some decent progress in crude oil production and the price has been high for some time now. That is what has helped to make dollars more available, NOT the devaluation!
Let's stop this double standards!

GeneralDae:
Well Tinubu did reintroduce subsidy from around August 2023 when the exchange rate kept going haywire. They only named it under security votes in NNPC records. This continued until Dangote started producing fuel in October 2024.

We weren’t even paying NNPC anymore as at May 2023. The debts just kept piling up and NNPC stopped remitting, so why should Tinubu given these circumstances, send a supplementary bill to continue fuel subsidy beyond June 2023?

The biggest issue in 2023 was not subsidy but getting the right exchange rate for the correct pricing of everything.

In 2022, a Nigerian business had a deal where they were to pay for goods worth about $30 million and they were to withdraw this from the CBN in tranches within a few months. In the first tranch, they could only get $15000 from the CBN. This was how critical the FX situation was at the time.

You just keep going left and right, back and forth, giving inexcusable excuses, all in a desperate effort and attempt to defend a govt that is obviously clueless and inept!
The verdict is out there: Nigeria has become the poverty headquarters in the world because of the so-called ''reforms'' that you always defend.
Are you paid to defend the govt at all costs? Even official govt spokespersons are pleading with the people to bear with govt; but you are here justifying everything the govt did. Incredible

https://www.nairaland.com/8769732/tinubus-reforms-made-nigeria-poverty

Willie2015:
Ur theory sound good on paper....
But wont work in reality ....
Inflation always outpace wage growth rate in Nigeria...
The moment fuel prices spike, the cost of virtually every commodity skyrockets.
The damage to household purchasing power and the local consumer market happens immediately,
long before the promised jobs, investments and economic benefits materialize...thats even if they materialize
Businesses cannot thrive in a consumer market where millions of people can barely afford basic necessities.
Businesses will lose customers, lay off staffs and may eventually close up.
Acc to NESG, 30% of Nigeria's 24 million registered MSMEs collapsed due to BAT reforms.
That is a bad statistic for an economy that desperately needs job creation and private-sector growth.

Tinubu had options.
That is precisely why he is President.
His government could have considered a supplementary budget,....
It could also have accelerated domestic refining capacity ...
and rolled out viable alternatives before exposing Nigerians to the full shock....
He decided to chose the extreme path.

What makes the situation more troubling is that BAT has continued to borrow massuvely from
the World Bank and international debt markets,
while Nigerians still question the pace of reductions in the cost of governance.
Even, all the monies freed up from removing subsides has been completely wiped out.

Kudos!
When you insist on these solid facts and hard truths, then they begin to blackmail you and call you partisan or member of opposition party

People who hate the bitter truth are deleting my messages