₦airaland Forum

Agbalowomeri:
Meaning the recovery is fake

More woundjurement incoming

That is your interpretation or wish, or both?

Agbalowomeri:
This your 5-year MH

I no dey do MH ooo. I neither believe nor see any sense in doing MH.

CBN regulation, shareholder pressure and competition in the banking industry cannot allow Access to slack beyond 2 years, maximum!
Just like it happened to FBN , Wema etc
5 years ke?

yMcy56:
ACCESS no wan gree for anybody o...
Is this in anticipation of hope for interim dividend??
Presently selling around 24.50/24.75 in market...

Access Bank is very good at current price like when GTB was stagnating at N17-N18 some years ago. If their Q2 result is good, it will jump higher to around N30-N35
Just praying it stays this low so I can buy more.

thebargainhunte:
In March, 2008 OANDO recorded all time high at a price of ₦282.77.

You wan kee person with this info?

BioData45:
Dangote smiling right now

Dangote cannot smile right now.
He imports crude oil which will be more expensive for him to buy now due to the war.
What Dangote sells is refined petroleum.
It pays Dangote for the price of crude oil (his raw material input) to be cheap

megawealth01:
If you like no hustle even if you be billionaire in dollars... Alhaji dey hustle like person wey never see money before

He took a very heavy risk by building that refinery and he is trying all means to get a sound footing for it. Otherwise them fit kpai the factory and himself join if he slacks on it.

GeeKudi:
It has consistently been higher than the 2026 budget benchmark of 65 dollars.

I am referring to the latest crude price rise starting from US-Iran attacks of yesterday

PETERiCHY:
BELIEVE it or not
OIL PRICE movement
DETERMINES NGX movements
WATCH as NGX will PRICE the BREAKING NEWS .

BARGAIN HUNTERS TAKE NOTE !

The oil price movements must be sustained over some time..

PETERiCHY:
https://oilprice.com/Latest-Energy-News/World-News/Oil-and-LNG-Tankers-Make-U-Turns-After-Fresh-Hormuz-Escalation.html


The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf.

At least four oil and LNG tankers have made U-turns from attempts to transit the Strait of Hormuz in the past 12 hours, vessel-tracking data compiled by Reuters showed early on Wednesday.

The Iranian attacks on three commercial ships on Tuesday, including an oil tanker and an LNG carrier, have prompted some shipowners and operators to pause attempts to transit the Strait of Hormuz as the security situation has sharply deteriorated.

Three empty LNG carriers that were en route to move westward into the Gulf through the Strait of Hormuz turned away from the chokepoint late on Tuesday, according to the data compiled by Reuters from analytics firms Kpler and LSEG. All three LNG carriers were en route to load cargoes at


BARGAIN HUNTERS TAKE NOTE!

You cannot always be relying on the instability, ephemeral reactions and whims and caprices of D. Trump or IRGC Commanders over Strait of Hormuz

megawealth01:
Government of one African nation is operating Ponzi scheme legitimately even the apex bank of that nation give them access abi na accouns

Mention the name na

faceland:
Anywhere Nigerians can freely enter, I am not interested because it would be filled with our worst.

Exactly my fears! I hope Grenada would be able to fashion out measures to curb the excesses

The same govt that says people should praise them for deregulating the petroleum sector and removing fuel subsidy.
Shameless hypocrisy and double standards!

Please, Egypt should help us win this match! I beg

Oasisblue:
Reforms are reflected in macroeconomic indices. The State governors who are supposed to utilize increased allocations to impact people's lives directly and enhance micreconomic indices are doing nothing really. Curiously, Nigerians hardly ever hold them accountable. TBF, I would rather be a governor than President in Nigeria, if I ever go into politics.

You see, if I talk now people would say I dislike the govt.
On what basis or rationale do you carry out so-called ''reforms'' and not ensure they deliver the intended outcome or results?

The macro-economic factors or fundamentals that affect the lives and living standards of the people (inflation, cost of living, interest rates, exchange rates, purchasing power, fuel cost, electricity tariff etc.) are not controlled by the State govts. These things are directly controlled by the FGN. Hence, the FG is duty-bound to carry out economic policies that will reflect positively in the lives of the people. This is because all the institutions and agencies that would implement these policies are under the sole direction and control of FGN. They are not under the State govts.
The Central Bank controls inflation, exchange rate, purchasing power, interest rates etc.. The States don't have their individual central banks.
Fuel cost is under NNPC or Ministry of Petroleum, controlled by FGN. The States don't have their own NNPC or Petroleum ministries.
Power supply and tariff are under the PHCN/FGN. The States don't have their own PHCN, so cannot do much.
Security apparatus is in the hands of FG. States can do virtually little or nothing.

These are the things that are making people to suffer in this country, in abject poverty, hardship and insecurity!
Which state govt advised the president to devalue the naira from N450 to N1400 or to tell us that ''subsidy is gone, whether you like it or not'' on May 29, 2023?

Therefore, it is misleading, deceptive, nauseating, reckless and irresponsible for the FGN to want to shift blame to the States govts for problems that are either caused by or fall under the sole purview of the FGN. They are using PR and propaganda to deceive the people and many are falling for this useless and senseless argument!

The state govts can only pay their workers and a few other things. But what about people who do not work under the States or FG ?

This is not the first time we are having a FG in this country, but they are giving some silly excuses as if there had never been govts in this country before now or the people cannot think!

megawealth01:
As seen on the Internet


Abi na Nigeria Stock Exchange reforms ni?

I tell you this:
Only a govt that cannot tell you how it has improved the well being and security of the people, would be using ''reforms'' as its yardstick for success!
Because there is nothing concrete about ''reforms'

Agbalowomeri:
Na you dey admire married woman

I fear you, walahi!

Agbalowomeri:
No carry bottom play reach her side

I no talk anything like that ooo
Don't push words into my mouth!

Agbalowomeri:
Ahh na married woman o. No go there

I am not saying married or no married. Don't push words in my mouth!

I say you responded only when a lady posted.
You ignored all the men because our ''voice'' is not nice to your ''ears''!

The FG does not need to hae meetings and meetings with Dangote for price reducing.

There should be an agreed pricing template that guides the margins, markups that Dangote can put on his petroleum products based on the supply of crude to him in naira.

Agbalowomeri:
He is on vacation in Cape Verde

You only responded and answered when a beautiful lady posted!
This man!

ololufemi:
My Chief, majority of the present Lagos State was under the governance of the Western Region. Places like Ikeja especially the industrial area, Agege, Ilupeju and its Industrial Industrial area, Oshodi and its Industrial area, Badagry and part of the Ijebu Province consisting of Epe, Ikorodu and Ibeju Lekki.

These areas were ceded from the Western Region to allow them merge with the Federal Capital Territory area of Surulere, Yaba, some parts of Apapa, Lagos Island, Ikoyi, and Victoria Island to create the present Lagos State.

This is one of the reasons why many of the personel in Lagos State are usually Ijebus. Even the present governor is an Ijebu man and his predecessor was acclaimed to be from Epe.

Even at that, how many roads, bridges, sea ports, airport etc. did the Western govt build in Lagos? The Western govt was more involved at Ibadan.
It was the Central govt that built the big infrastructure in Lagos, and most of the funds came from other regions or parts of the country. It was not IGR money from Lagos that was used to develop Lagos.

lawani:
Lagos island was not part of the west is what is correct. Lagos state was never the capital of Nigeria, Lagos island was and Lagos island is less than five percent of Lagos state. Lagos State was created in 1967 by merging Lagos island with a chunk of western Nigeria. I hope you get it now.

If I did not show you with evidence that western Nigeria was far ahead of the rest of Nigeria fiscally as early as1960, you wouldn't stop saying it is the money of Nigeria that saved Lagos and by extension western Nigeria.

Stop confusing the topic. It is not about Western Nigeria or South West!
It is about Lagos! Period!

HesInMe:
I'm not even sure what you're trying to achieve. The case against BAT is clear: He's the incumbent at a time of deep economic pain shared by most people resulting from his policies, and he hasn't fixed structural problems like electricity and corruption to ease the burden.

If you're an Obi supporter, focusing on banal ethnic rivalry just detracts from the case he should be prosecuting is unhelpful.

A very big disappointment! I expected much better from you.
I reason above and beyond pedestrian partisan interests.
Whoever will win the election is not my business.
Anyone of them can win; it is for Nigerians to decide. My only issue is good governance after anyone of them wins the election.

In Nigeria of today, ANYONE, ANYBODY can win election if he knows his ways and plays the game well because the people are generally ignorant, divided, hungry and not ready to change or liberate themselves.

lawani:
How old is the person responding to me and calling me ignorant?
If Lagos was not part of the west, it worsens your position because it would mean the 55 million pounds was not gotten from Lagos. However over 95 percent of the present Lagos was part of the region from where the 55 million pounds revenue was gotten while the remainder was the FCT. Lagos state today can be said to be western region by over 95 percent along with the whole of today's Delta and Edo states.

Lagos was not part of Western Nigeria.
Western Nigeria at the time included Delta and Edo (old Bendel), Ekiti, Ondo, Osun, Oyo. So resources from these places (Cocoa, Palm fruits,, etc) SE, North etc. were contributed to the Central Govt. part of which was used to finance the development of Lagos.

Same way Abuja is being developed today

It just baffles me how one could use budget of 55m pounds in a single year as basis for this kind of discussion or topic

1kinggy:
His investment there now makes more sense.

The guy knew what was coming, and made the move to Seplat. I guess he still wants to be in the limelight calling the shots

lawani:
Go and check urban agglomeration for that era for an answer to your question. What is the use of an economy whose government is without revenue? Yes there was economy in Nigeria but no organization to turn it into government revenue. How far away is 1950 from 1960?. In 1960, the western region had a budget of 55 million pounds, the North had seven million pounds and the East had twelve million. That is all you need to know about who financed Nigeria in the 1950s

Please cure some of this ignorance.
Lagos was not even part of SW.
Learn this and hold your peace.

Oasisblue:
Exactly. You can smell the derision and unwilligness to accept any superior arguments or facts across the keyboard. Lagos became wealthy because of geography, trade, and political decisions, not because of natural resources. This is actually a common pattern among many of the world's great port cities.

But I dont expect this information to resonate. You can only wake someone truly sleeping, you cant wake one pretending to be asleep.

Those politiical decisions were decisions made by the Central govt because Lagos was FEDERAL CAPITAL.
And national resources were mobilized and used to support and actualize those decisions, not IGR from SW or State govt.
Lagos was Federal Capital Territory with special budget allocation to it from the Central govt. That is what was used to develop Lagos.

HesInMe:
It was a port. Ports tend to have the advantage of major trades passing through them -- and the attendant commerce that results.

Honestly, people, the tone of these debates is unhelpful, especially given the focus of this thread. No matter who wins, it's the policies that matter to us investors.

And was the Lagos landscape with infrastructure like roads, railway, bridges etc. built and developed with money from the so-called ''port' (canoe-port) of pre-independence era?

Because any serious seaport must have been built by a central govt with national funds

We need to educate ourselves.
Ignorance and arrogance in ignorance are some of the reasons we fail in the things we do, and also make loud noises.
It is not to win, but to educate or learn.

Oasisblue:
Lol. So its only natural resources that makes a place wealthy? Una never hear of service economy before? Why do you think places that are traditional trading routes are historically (and contemporarily) wealthy?

Which 'services industry'' in Lagos before 1950s? ''Bole k'aja'' transport services or what?
Provide specific answers instead of just asking rhetoric or abstract questions that you cannot even answer yourself.

The whole of Nigeria was dependent on export of mineral or crop resources at the time (groundnut, cocoa, tin, timber, palm kernel, cotton etc.), so tell me what was different about Lagos at the time.

megawealth01:
https://www.facebook.com/share/v/1Dg4as9Yqk/

Make I no laugh oooooo. A whole aso rock

Wetin happen?
I cannot open facebook on my system

megawealth01:
Besides Nnamdi Azikiwe who lived one nigeria, is there any Nigerian known to be truly nationalistic?

But at least, do unto others, how you want to be treated.
Live and let live.

megawealth01:
You like wahala

Nigerians like ethnic hypocrisy too much: No wonder nationalistic patriotism is far from us.