₦airaland Forum

Eagles would be tired, the travel schedule was punishing, 3 games in 10 days with long travels, but keshi shd have managed his squad well.

my link is so bad its like am watching a slide show but half bread.......

we need confirmed number 9, d kind of finishing am seeing here is worrisome

^^ Its english like the above that makes people believe this punch editorial is factual in all respects. O boy WHAT IN GOD'S NAME ARE YOU SAYING? Jesus! Please invest one month's internet subscription in a copy of queen's primer.

One of the greatest unfathomable human mysteries: WE HOLD OTHERS TO A HIGHER STANDARD THAN WE HOLD OURSELVES. I think the one word to describe this mystery is HYPOCRISY.

When we tell pple to visit home frequently and know what's going on they wont listen. See how these bunch of fatimas are making fools of themselves. GEJ may be a lot of bad things but DICTATOR is not one of them. people are rather saying he is too weak, lenient and accommodating!

elume2020: Let me make some observations about the choice of locating this refinery in Ondo state. I have a projeect under construction in the Creeks of Ondo state, so i have been able to understudy the environment very well. From the on-going argument, Ondo state is amoung the Oil prooducing state in Nigeria, Ondo state has bitument for road construction and other uses, Ondo state has abundance of sand the type used as raw material for glass production, and lots more resources. The proximity of Ondo state to it market target is key. Ondo state shares boundary with Ogun state, an industrial hub, Edo state, connecting it to the South-southern part of the country for sales, Kwara, Through Ekiti state, Kogi State connecting it easily to the North central part of the country, Osun, Oyo are at stone throw to Ondo state and Lagos the commercial center. Delta, Ogun, Lagos, Rivers, Calabar, Akwa Ibom, Bayelsa can all be connected to by water ways for discharging of content to ports. With regards to militancy, Just like in every part of the Niger delta, Ondo state is not an exception, as a matter of fact the highest cache of weapons was recovered from Ondo state creeks. But the interesting thing here is, once you go into agreement with them and don't default you won't have a problem with them. Ondo State has oil blocks, the Bonga oil field is noot actually far (nautical miles) from Ondo shore, though its ceded to another state (politics). Crude oil oil could easily be transported, refined and discharged to nearby state with heavy industrial activities that requires the fractional by-product of crude, remember its not only petrol (PMS), Diesel (AGO) and kerosene (DPK) that are products of crude oil and many of these industries are concentrated in Ogun (Agbara), Oyo (Ibadan), Lagos (Mainland and Island), Kogi (Obajana) and lots more. Also don't be surprised if Alhaji Dangote buys up the Oluwa Glass industry due to his presence in the state and become the major supplier of glass to the construction industry, Cladding of building, which is in vogue now and for the manufacturing industries in the future. In conclusion, Locating the refinery in Ondo state is not a bad decision as we know feasibility studies would have been carried out and not sentiment studies. He is a businessman and not a politician. His businesses are for profit first, sustainability then philanthropy, where proximity to raw materials and market would have been critically analysed while putting into consideration the environment, security and other socio-economic factors.

FINALLY someone who actually knows what he's talking about! Most posters here show why lots of us are not business men. Please Mod we are done here CLOSE THE THREAD! Dats all.

If "illiterate" means inability to read and write in english then she MAY be right, but illiterate doesn't mean that does it? If a hausa man cannot read or write english but can do so in arabic or hausa then he is NOT illiterate, ditto other Nigerian languages. like they say "there are lies, damn lies and there are statistics"

o boy na usabi" if u laik strike down iroko tree: boyz don provok? watof de yeye rule 21, na primary skul class we dey> u be mister jimoh my teacher? guy couple yasef abeg, if peepo no kom dis your blackboard evryday u no go mek shishi so berra respect.

I thought freedom of expression is enshrined in the Nigerian constitution? Try to use PERFECT grammar and PUNCTUATION? I mean are u serious? These rules should have been posted on April 1st. I know you have to make money and all but be careful you don't mess up a good thing bro. This list would be very appropriate in Germany circa 1937 under Adolf Hitler. So as a mark of protest i will post only in pidgin english after this sentence.

Now wey sumol change don enter your hand your head don dey big abi? Me and you wan go hunt antelope now you come dey say ma leg resemble antelope abi?

Abujabir24: I asked nairalanders for a particular title of one book I read few years back that I've forgotten the title. Its about some smugglers called kaska, ahmed, papa uwa and police detectives called joni malu, and ada. It was set in lagos, calabar and sometime in phc. Please help with the title anybody.

The book is titled THE SMUGGLERS by Kalu Okpi, there two other bad guys in the book- Gus Capello and Al Minelli it also had a sequel titled ON THE ROAD with two bad guys nicknamed Brains and Worldman. Great books loaded with action. For sheer comedy with a serious message I would love to see A MAN OF THE PEOPLE
NO TELEPHONE TO HEAVEN is the story of the Nigerian James Bond named Pius and his code was 005 lol!

1. An African Night's Entertainment
2. The Passport of Mallam Iliya
3. On the road
4 Mark of the Cobra
5. Stop Press: Murder
6. The South African Affair
7. Christmas in the city
8. Bloodbath at Lobster close
9. The Smugglers
10. The Instrument
11. Stone of vengeance
12. The Worshippers
etc etc

Is it possible to deploy this system to monitor what is happening in our classrooms? because from most posts here its clear most of our youth are not getting any education or they don't show up in class. Monitoring comms is almost routine for any country serious with its security, if you don't have the tech then buy it.

For those talking about privacy please google ECHELON, read up then come back here and repeat what you posted earlier. Even blackberry with its heavily encrypted comms was given a very simple choice by most govts: give us access or leave our country, they had to give in. If you think no one is monitoring you in the "civilized" world, go to the US and send an email with the words "cocaine" and "bomb" and you will know that shoe get size.

This thread is not active, I wonder why.....

The problem with most of us is a new word i will call "ignoment" from IGNORANCE and SENTIMENT. The Judge handed the guy the punishment prescribed in the LAW. In corruption cases the punishment meted out is that prescribed in the LAW. So we want a Judge to impose a punishment not in the laws to make us happy? What we need to change is the LAW as far as embezzlement and fraud are concerned. A mandatory 20 yr sentence no option of fine and asset forfeiture would be a start. How can this be done? petition you representatives therein comes the ignorance- how many of us know our nass reps? better yet how many know their local govt chairmen. Moaning on nairaland won't change a thing.

[quote author=Omo_Tier1]Does an increase of a bag of rice from N6,000 to N13,000 and some brand now cost N18,000 a small increase Dude use your brain![/quote]The answer to your comment is in my post, if you can't see it then I can't help you sir.

prologue: Has naira improved in value with this news? Prices are shooting higher generally n lower denominations of the currency are going extinct. Plz educate me

The answer to your question is in my post I used very precise words and I'm not in the habit of being lazy in language, my words mean exactly what you see. If you cant see the answer I'm sorry about that.

plaetton: Another April fools joke that is 18 days late.

Nigerian seems to be the biggest psychiatric ward in the planet.
We not only dupe others but we also turn own selves into maga and dupe ourselves everyday?

We believe so much in supernatural, miracles and voodoo magic, that we even engage in voodoo economics.
The inflation numbers being touted above seems to have been conjured up by a series of ... abracadabras.

Now to the serious issue.
Does anyone know or can anyone volunteer to enlighten us as to how inflation is calculated in Nigeria?

I will give you a clue.
In the colonial era, when Nigeria's economy was mainly an agrarian and cash crop economy, inflation was calculated using the price movements of a basket of exportable cash crops such as groundnuts, coconuts, oranges, mangoes, cocoa, etc.
Today, circa 2013, inflation is still being calculated using the same basket of agricultural cash crops.
You dont agree?
Do the research.

So when the government tells us that inflation is 8.6%, it should elicit nothing but laughter from us.

You are so precisely wrong there's no point correcting you, the error in you post is self evident

When inflation drops it DOES NOT mean prices drop. It means prices increase at a SLOWER RATE, as a rough example, 10% inflation rate means the GENERAL PRICE LEVEL increases from say 100 to 110 (this is calculated for a representative GROUP of commodities) some individual goods may experience higher than or lower than 10% so if the rate drops to 8% it does not mean prices drop from 110 but it means the level INCREASES by 8% instead of 10%. The benefit is that interest rates generally drop and this encourages demand for credit, boosts investment and creates jobs, it also helps stabilize the exchange rate. Its generally a dynamic balancing act. Prices APPEAR to remain static in some economies because they have very low rates of inflation of about 1.5-3%

What most of us are wishing for is DEFLATION which is a deadly thing to any economy, Japan had long period of deflation and that has almost crippled the export industry and the economy has stagnated with interest rates at 0% demand refused to increase. They Bank of Japan is now trying to devalue the yen in order to make Japanese exports cheaper to jumpstart the economy. Lets not lose sight of the fundamental issues please.

Born 2be Rich: Thanks boss but a company can talk a big game about wonderful growth opportunities that will pay off several years down the road, but there are no guarantees that it will make the most of its reinvested earnings. When a company's robust plans for the future (which impact its share price today) fail to materialize, your portfolio will very likely take a hit.

Now to the bolded, Nestle is known to be a company that consistently pay dividend yet over the years the share price have out grown even analysts expectation....I dont think paying out dividend affects expansion especially when the company has a good management structure.

Your points are correct! That is why investing in shares is a RISKY venture, People should buy investments that are appropriate to their circumstances and risk tolerance, growing a bank's balance sheet may increase risk depending on the capital structure and no one knows tomorrow, growth stock investing is not for everyone just as private placements, PE and distressed assets investing isn't for everyone.

Nestle is indeed an interesting "outlier" which demands further analysis, in investing i personally take NOTHING at face value. They pay higher and higher dividends every year and that partly accounts for the high price, i say partly because the unwillingness of a majority of shareholders to sell coupled with high demand may have created upward price pressure.
The regular dividend has made the stock almost like a floating rate bond!

I've not done any in depth analysis to see if the intrinsic value justifies the current price but some questions I would love to answer are:
1 what is the source of profit growth? higher output? higher demand? both? price increases of its product? cost cutting?
2 what is the payout ratio and dividend yield how does that compare to its industry average?
3 How much support does it receive from the parent? where is its competitive advantage? is it sustainable?
4 Is the stock enjoying a sentiment
in short how does the business MAKE money? It may sound silly but its a very important question. I dont have time now to really look at the company but it would be an interesting project.

The bolded you highlighted is still a valid statement but as with all rules there are exceptions but for how long?

Looking at Diamond Bank's decision not to pay a dividend at face value may be misleading. The decision was taken in order to raise the capital adequacy if the bank so it can create more risk assets, it is also planning to raise some additional money (about $500m) to boost loanable funds so it can financed more business. It means the bank is boosting its "war chest"
This is a smart move considering the projected expansion of the Nigerian economy because if capital adequacy is insufficient it may be barred from creating new risk assets and thus suffer and opportunity cost of missed income. The present MD is a smart guy and he definitely knows what he is doing.

Anytime a company pays out dividends it is reducing investible funds and thus denying itself the opportunity to "compound" income and hence shareholder value. It is in effect telling shareholders:" we do not see any positive npv projects and we cannot earn a return on the money higher than our cost of capital so here, take back some of your money"

Think about this- why would a bank stress staff with high deposit mobilization targets to enable it grow the business then turn around and shovel cash out of the business via dividends?
In a growth industry with lots of opportunities smart managers will hoard money to finance growth but in stable or declining market, dividend payout would be encouraged.

Dividend v non dividend depends on the investors risk and return profile and constraints, if one needs cash to meet spending needs then dividend stocks may work but if the spending needs are low one may go the way of non-dividend stock.

my two cents

The problem with housing in Nigeria is three major areas:
1. The land tenure system makes land acquisition and transfer cumbersome, in addition the land registry in most states is still manual so land administration is clumsy

2. Lack of a viable mortgage sector hobbles financing especially the absence of a secondary market.

3. Flowing partly from 2 above, our housing projects are too small, a project of 1,000 houses is puny but in Nigeria a 200 unit project is considered "big". Because of the small size there's no economies of scale and this makes unit costs high.

A 76 unit "project" is way too small and will only be for the high end. What the country needs is middle to low income houses that's where the real need is.

My brother carry go! Those saying "it can't be done" are only disturbing those doing it with noise. When Mr. Ford mooted the idea of a six cylinder engine the engineers said it was impossible, we know how that story ended. Just press on with it....erm shey u will do a private placement later?

manny4life: No one is trying to play "academics" here, but simply asking realistic questions. After all, academic concepts in finance do not change, no one asked for his business plan or strategies, according to the OP, his target market will definitely be the middle/upper class who will ask him the same question.

If you cannot convince your audience, whether Barclays is providing financing or not, that will be the defining moment for success and failure. Besides, he said (at least what I read) that Barclays through ecobank will be providing the financing for the consumer.

The consumer pays installment payments to them (whatever the arrangement is). After all, the solar company that collapsed after Obama injected $500million was a sound start-up with prospects but they FAILED. There are many companies that failed and while a few succeeded with govt grants.

My brother lets be realistic which average banker will ask about discount rate, efficiency ratios and all the other things that have been thrown around? The question they will ask is simple DOES IT WORK? I'm not the man selling the product, he's the only one who can answer that but to say they wil ask the same questions you are asking isn't true for a very large segment of customers. The major obstacle is the general skepticism about solar power. As for solyndra issue I will do a simple analogy, Lehman brothers failed, does that make investment banking a bad business? Enron collapsed, does that make the energy business a lousy business, Fisker is in meltdown so electric car is a dead business?
As the academics would say, the collapse of one company is not statistically significant to draw conclusions.

Very interesting thread, one of the best in recent times. First off I am no expert on kilowatt and panels and all the technical stuff but I do understand finance. I think all the guyz asking for "proof" of the OPs numbers are really trying to prove academic points, it reminds of the age old battle between academics and investors, academics will say "you cant beat the markets, the research proves it" the successful traders don't respond with numbers they only smile and say "that's why you will remain academics"

I do not really expect any serious business man to reveal how he manages to reduce costs significantly to gain an edge on the competition so asking him to produce proof is a non starter. If the claims that Barclays bank is backing this project is true then my brothers the questions you are posing here are child's play compared to what this guy must have faced because those banks along with their co-investors would have torn the business plan apart and ALL technical and financial details MUST add up or else he would be laughed out of the room, if you guys who have NOTHING at stake are asking this much imagine what people who have their behinds on the line would have asked.

If you guys want to have all the details just call him up and propose a LARGE investment and you will get the full business plan with all the technical and financial details to last you a month of sundays (of course you will sign an ND agreement)

To the op I say CARRY ON, no idea deserves to succeed except it is at first laughed at. wish you all the best, to the naysayers I say only time will tell so make una siddon look.

The arguments on this thread are so childish- na FG, no na LASG, bla bla bla. weda goat tie rope or rope tie goat the main thing na mek the goat no run. weda lasg fg lg or pope pius the last all we want is progress, propserity has no political or religious or tribal preferences, if u do the right thing it will come to you.

No one in the transaction is more important than the other, without LASG initiation and drive nothing will happen, without FG approval via NPA for the port and granting of FTZ status it would be a big market and without FAAN the airport cant operate. And without investors all will be beautiful plan on paper only. So all this claiming of credit is useless.

My wife ordered perfume from jumia and they delivered exactly as promised, my sister ordered a wristwatch and they delivered the wrong item (a dress) but got it right the next day. I think the online stores are getting faaarrr more patronage than they ever dreamed of. Jumia stocks products in their warehouse, same with konga, their problem is sufficient space to store items. But the main issue is excessive demand their systems are being expanded to cope. Goldman just made an investment in Jumia just as Naspers did in konga, these guyz are not learners so the buz they put money in must be serious ones. On the whole its a great development and they can only get better.

OP u just dey chop mouth, the question is WHAT DO YOU WANT? If you want all d blah blah you've mentioned then sit down there, if you don't have the liver siddon there, if you have what it takes and are ready to make some BREAD then hurry on down. If you don't have SOLID business ideas or skills don't bother. If you are thinking of coming to find work forget it , when you see guyz reel out qualifications and experience you go run. This place is SWEET but its not for the faint of heart, and all the crime stats is rubbish.

Thinkers and Talkers are busy debating and philosophysing while DOERS are making money. The problem with Nigerians is that we TALK TOO MUCH! Can we just Shut up and start DOING?

dominion247: please, i invested over 400k at a bank only for me to get interest of 8k after six months! i see this as tying my money down. please how can i invest profitably? i want my money to work for me. with that sum, i believe i can do better with other options. please, where can i start from?

you did not invest, you saved money which is a good thing, cash is the lowest earning asset, investing is a different ball game.

manie: I think the management of OANDO deliberately made their business model to be unnecessarily complex and difficult to under stand. I don't know what they hope to get from this.

They are just not on the level, trying to hide income and make money only for themselves. Few people are aware oando has a "subsidiary" in the Caribbeans which trades white products, they sell products to Oando Nigeria, I dont have to spell out the possibilities here. One of the major issue with investing in emerging markets like Nigeria both public and private companies is corporate governance, its not so good in most businesses mainly flowing from concentrated shareholding and key man risk.

The problem with Oando is their business model, I think only the downstream portion of the overall business is listed, the upstream and midstream divisions are isolated from the listed business, in addition the complicated transfer pricing strategy within the downstream business means most of the income does not flow to the listed business. Its not a good buy from my limited knowledge. Its just a structure designed to benefit a few of the owners. I don't blame them but investors should "shine eye" by doing proper research. The number one killer in investing is lack of knowledge because of failure to do proper due diligence. In other words laziness.

My brother go to a professional investment adviser and PAY for good advice. What you will get here is unlikely to help you. No point asking a baker to advice you on how to fly a plane.

Good plan but...How about buying basic laptops with the money, install a solid internet backbone and fund a serious curriculum on software programming and other solid IT skills? The students would gain much more from that.