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OBAGADAFFI's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:36am On Sep 27, 2017
Intendy:
Announcing the Zenith Money Market Fund.
Initial public offer opening from the 25th of September to the 13th of October.
This is coming late, ARM and Stanbic are miles ahead here.
Career › Re: Does The Chairman Of A Company Have An ID Card? Who Ratifies It? by OBAGADAFFI: 7:08am On Sep 27, 2017
The Chairman is not in a management position, neither is he and employee.

He is not required to use I'D card.
Politics › Re: Central Bank Bank Illegally Funnels Huge Cash To FG - Premium Times by OBAGADAFFI: 9:28pm On Sep 26, 2017
Very fraudulent people.

There so cell FGN saving Bond is another MMM scam.

Now they are lunching Sukuk.

Yeye people.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 2:54pm On Sep 26, 2017
CENTRAL SECURITIES CLEARING SYSTEM PLC QUARTERLY EARNINGS FORECAST START:01/10/2017 END: 31/12/2017 Q4 2017 YEAR TO Q4 2017 N'000 N'000 TOTAL FEE INCOME 859,619 3,780,397 OTHER OPERATING INCOME 38,705 146,778 INTEREST INCOME 908,981 3,918,672 OPERATING EXPENSES 762,636 2,613,470 PROFIT BEFORE TAX 1,044,669 5,232,376 TAX PROVISION (114,914) (565,691) PROFIT AFTER TAX 929,755 4,666,686 NET WORKING CAPITAL 8,702,999 8,702,999 NET CASH & CASH EQUIVALENT 144,651 144,651
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:12pm On Sep 25, 2017
ihedioramma:
But how can we get NIBBS ? any phone number or e-mail address ? .
Plot 1230, Ahmadu Bello Way
Bar Beach, Victoria Island
P. M. B. 12617
Lagos
Telephone: 0800ASKNIBSS
234-1-2716071-4
Fax: 234-1-2716075
Email: info@nibss-plc.com.ng
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 2:45pm On Sep 25, 2017
Intendy:
stocks with new 52 week highs

Air services #7.16k

C & I #1.33k

GSK #22.00k

no new 52 week lows
Selling this stock has become my nightmare grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:12pm On Sep 25, 2017
jamace:
The issue of registrars doing selective payment of dividends is becoming unbecoming.

I have many pending dividends. When you write to them, some of them don't respond to emails and when you call their lines, the lines don't go through either.

Should reporting to SEC become the solution?
Why are the registrars claiming they dont have the e-dividend mandate forms,when NIBSS has sent confirmation messages to shareholders?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:12am On Sep 25, 2017
It seem some registrar are playing game with investors dividends.


Vetiva capital is yet to pay me my Zenith Dividend, after emailing them my e-dividend confirmation details from NIBSS.
Vetiva is now claiming they are yet to receive my e-dividend mandate form.

There seems to be a disconnect between NIBSS -Registers-banks and shareholders.
Politics › Re: U.S Doesn’t See IPOB As Terrorist Organisation – Russell Brooks by OBAGADAFFI: 11:30pm On Sep 24, 2017
Kobicove:
The US government does not dictate to Nigeria how to run its affairs...

Besides how can they be in their country and know what is happening here?
And your President is in one Western country receiving health Care.


Nigeria government should keep quiet, because just one sanction the from the West the whole economy will collapse.
Culture › Re: The British-Ijebu War Of 1892 (The Battle Of Imagbon) by OBAGADAFFI(op): 7:52pm On Sep 24, 2017
Gamesmart:
Your irrelevant king does not take nonsense from superior kings?
When Ooni of Ife Oba Sijuade was busy selling out to Politicians.

Awujale was standing firm.
Christianity Etc › Re: 'Corruption Will Not End In Nigeria Till Jesus Comes' - Prophet Abiara by OBAGADAFFI: 3:58pm On Sep 24, 2017
No country on Earth has ended corruption.
Family › Re: "Deny Your Husband Sex" - Leaked Chats Of A Cheating Wife by OBAGADAFFI: 11:59pm On Sep 23, 2017
kambili999:
what is bdsm
I don't know how people enjoy this.

Family › Re: "Deny Your Husband Sex" - Leaked Chats Of A Cheating Wife by OBAGADAFFI: 11:54pm On Sep 23, 2017
chronique:
As in ehn? And she dey chop better beating without qualms for outside? What kinda fuckery is that?
That's women for you, they can never be satisfied.

Why do you think our Fathers became polygamist?

Polygamist and Single men, got got better lives than men in monogamous relationships.
Family › Re: "Deny Your Husband Sex" - Leaked Chats Of A Cheating Wife by OBAGADAFFI: 11:42pm On Sep 23, 2017
chronique:
See ehn, I think I'm tired of all these bullshit. If there's any single lady out there who is pretty and got good genes, works and won't mind us just having kids for convenience sake and we'd both go our separate ways, hit me up. Can't waste my life looking for love and waiting to get married the right way, when ladies are turning into hoes on per second billing... What the Bleep? Wife way I pay money on top wey I nor beat, na him person go dey chop for free outside, still dey beat am on top? How can a man's life be that useless? Furck it!!!
grin grin grin

And if you beat am, she go call Police for you.
Politics › Re: Military Operation In Southwest: Go & Dance In The North-East- Afenifere To Army by OBAGADAFFI: 10:58pm On Sep 22, 2017
Doyin2:
The reason is simple.


We do not recognise Afenifere /Odumakin as the real yoruba leaders.Their utterances carry very light weight!


The army had been ''dancing'' in the south west ,even before odumakin was born grin

The Niger Delta militants/terrorists had been curtailed in Ikorodu,largely because of the military ''dances'' .So many other instances.

In sane countries,the army is highly respected,no matter their short comings.

I expect only fools to take Odumakin serious.
Just shut up.

Who knows you in Yorubaland?

Are your Jeunjeun Politicians in the SW better than Afenifere?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:13am On Sep 22, 2017
fxuser:
because 0.96 is available to bid , 1.01 now seems high
d mind just naturally gravitates towards bargain ! lolll
bargains and dem wahala .. God help us
grin grin grin

#NoteToSelf
#NoteToSelf grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:03am On Sep 22, 2017
fxuser:
it will
even d MM is interested
But they keep placing bids.

It is better to buy it less than N1 even with broker fees
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:57am On Sep 22, 2017
People should allow FCMB got below N1.
Business › Re: Top Five Banks Account For 47% Of Industry’s Impaired Credits by OBAGADAFFI: 10:44am On Sep 22, 2017
Rich4god:
I know banks are business. But in reality, that's not how banks shld operate. Banks are supposed to finance the industrial growth of a nation, but in Nigeria, the reverse is the case. Most banks in Nigeria won't give a loan of #1M to a man that is starting a business, even when the man have about#5M in collateral. Then, how will the small scale industry grow. Even all these too notch company they give loans to cos of their size, most can't even pay back e.g etisalat and somany other oil companies can't pay back their loan. What then is d sense in it.

If banks we're to have given loans to rice farmers when the FG shut the border to rice, by now, the returns could have been coming in big.
Where do you think banks get their funds from? Investors and Customers.

They will have to protect and pay interest on those funds, so they target the most stable and profitable industries. i.e oil and gas.

This is where the government can intervene, give funds to banks at low interest rate with conditions.
Politics › Re: Islamic New Year: Osun And Kano Declare Public Holiday by OBAGADAFFI: 5:38pm On Sep 21, 2017
IJOBA2:
ALLEGORY OF THE CAVE BY PLATO YOU MEANhuh
Yes
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 12:42pm On Sep 21, 2017
DeRuggedProf:
The devil has again taken me to mount Everest to test me, not knowing I am in possession of a fully loaded AK47.
tongue
Politics › Re: Islamic New Year: Osun And Kano Declare Public Holiday by OBAGADAFFI: 12:35pm On Sep 21, 2017
FeloniousFelon:
Guy, give it a rest...

The very people you think you want to educate and set free are the very people who will fight to remain slaves.

What you are witnessing is not normal.

It is a delusion ordained from Heaven to make the people more stupid so that their emasculation will be easier.
They remind me of the characters in, The Allegory of caveman by Pluto.
Politics › Re: Islamic New Year: Osun And Kano Declare Public Holiday by OBAGADAFFI: 12:03pm On Sep 21, 2017
Goke7:
there is also another holiday for the traditional worshipers, will be waiting for you guys to open another thread for that one too if not you guys are just hypocrites
It it funny, the same Aregbe was boasting of high GDP, then he started crying when OIL prices crashed.

These 2 term gov’s have grown their debt profile by at least 50% annually



Data from the National Bureau of Statistics reveal the following 6 states have grown their local debt profile by about 49% and above using their compounded annual growth rate, CAGR.

The report is contained in the Bureau’s local and foreign debt profile for the Federal and State Government for the period ended June 30th, 2017.


According to the data made available Osun State’s debt has risen from N5.4 billion in 2011 to N147 billion as at June 30th 2017. This represents a compounded annual growth rate of about 73% annually. The person at the center of this borrowing is the State Governor, Ogbeni Rauf Aregbesola. He has been the governor of the state since November 2010 and has another year before he leaves office. At this rate he might end of with a debt of over N200 billion.

Next up is Oyo state with about N115.8 billion and was about N4.8 billion as at 2011. This represents an annualized growth rate of about 70%. The Governor of this state is Abiola Ajimobi, another Governor at the tail end of his second term. With a domestic debt of over N115 billion the governor is likely to leave his state in a worse debt profile than it was when he met it.

The third on the list is war torn Borno State with a total local debt profile of N30.9 billion as at June 2016. This represents a CAGR of about 62% for a state that is grappling with the activities of Boko Haram and has received major funding from the Federal Government in the form of North East Development Commission. Again, at the helm is a two term Governor, Kashim Shettima.

Nasarawa State is also on the list having grown its debt by 49% compounded annually to about N59 billion. The governor, Umaru Tanko Al-Makura is currently in his second term and basically led the charge to grow the states debt when he took office in 2013.

The list also includes other states that do not necessarily have two term governors but have seen their debt increase annualized by about 49% and above. In general, states have seen their debt grow from about N1.2 trillion to over N3 trillion at a compounded annual growth rate of 16%.

https://nairametrics.com/nigerian-states-fastest-growing-local-debt-profile-using-cagr/amp/
Politics › Re: Islamic New Year: Osun And Kano Declare Public Holiday by OBAGADAFFI: 11:46am On Sep 21, 2017
Goke7:
state holidays are not recognized by the private sector, all states except where it is declared and FG agencies so what's the fuss here?

some states even declare 3 pubic holidays to mourn the loss of their hero. some SW states still observe June 12 so what's our problem even ipob declare holidays on behalf of their state governors and no one breaks anybody's head here

Only religious bigots are wailing as usual, awon were!
Politics › Re: Islamic New Year: Osun And Kano Declare Public Holiday by OBAGADAFFI: 11:33am On Sep 21, 2017
Goke7:
state holidays are not recognized by the private sector, all states except where it is declared and FG agencies so what's the fuss here?

some states even declare 3 pubic holidays to mourn the loss of their hero. some SW states still observe June 12 so what's our problem even ipob declare holidays on behalf of their state governors and no one breaks anybody's head here

Only religious bigots are wailing as usual, awon were!
Its not about wailing.

Nigeria is a secular state with defined Calendar.

Aregbe is using Dual Calendar for Osun-State.
Politics › Debts Profile: Fg’s Disclosure Confirms My Claim On Fayemi by OBAGADAFFI(op): 11:14pm On Sep 20, 2017
Debts profile: FG’s disclosure confirms my claim on Fayemi – Fayose

ON SEPTEMBER 20, 20177

Chief Ayodele Fayose, has said the Federal Government’s disclosure on the debt profile of the state has vindicated him on his claim that the immediate past administration of Dr Kayode Fayemi ran the state aground financially. Fayose The governor, who was reacting to statement by the National Bureau of Statistics (NBS) that the state government is owing N85.04 billion as local debts, said Fayemi left the state in an insolvent position. The governor spoke through his Chief Press Secretary, Mr Idowu Adelusi, in Ado-Ekiti on Wednesday. “When I came on board, I said they left over N80 billion naira debt profile, they came out to say they only left a debt profile of N34 billion. They were silent on the N25 billion bond they took from the Capital Market that everybody in Ekiti State is aware of. They were also silent on the commercial loans they took that was well over N31 billion. ” Assuming, without conceding, if it was only the bond loan that they took, were they saying then that they only incurred debts of N6 billion when we have records of how they obtained loans from various financial institutions. “For record purposes, I will cite some instances of loans they took from commercial banks. In 2014, they took a loan of N5.753 billion from Ecobank at 18 percent interest rate. Earlier, in 2010, they took a loan of N1.904 billion from the same bank at the same interest rate. ” In 2010, they took a loan of N8.7 billion from Skye Bank at 15.5 percent interest rate. In 2013, Fayemi administration took a loan of N1.3 billion from Wema Bank at 17 percent interest rate. That same year, they also borrowed N308 million from Fidelity Bank at a rate of between 15 and 20 percent. “The list is endless, but with an average interest rate of 14.83 percent, the various loans, after being restructured into bond by the Debt Management Office, gulped N37.253 billion interests and amounted to N56.082 billion excluding the N25 billion they took. ” The huge debts incurred by the Fayemi administration has made Ekiti to become insolvent because over N1 billion is deducted from our allocations monthly and that will continue till 2036. Current economic recession notwithstanding, these monthly deductions to service the debts they left behind are affecting payment of salaries and other government activities. “The most painful aspect of their prodigal behaviour is that all the monies borrowed were not used for the purposes they were borrowed. It is our administration that is now building a new Ojaba Market, a new Governor’s Office, the flyover among others,” he said. The governor stated that the people of the state and Nigerians in general, could verify his claims from the institutions mentioned as well as the DMO. “Since we came on board, we have not borrowed any money and our allocations are always made public. They are not as huge as the monthly allocations Fayemi got. What we are saying are contained in public documents that anybody can verify,” he said. The governor also said the huge allocations and frequent excess crude oil funds given the state then were squandered. Fayose urged the people of the state to take note of prodigal sons who threw the state into debts and avoid them like plague in the future.

Read more at: https://www.vanguardngr.com/2017/09/debts-profile-fgs-disclosure-confirms-claim-fayemi-fayose/
Politics › Osun Debts Might Hit 200billion by OBAGADAFFI(op): 11:05pm On Sep 20, 2017
These 2 term gov’s have grown their debt profile by at least 50% annually



Data from the National Bureau of Statistics reveal the following 6 states have grown their local debt profile by about 49% and above using their compounded annual growth rate, CAGR.

The report is contained in the Bureau’s local and foreign debt profile for the Federal and State Government for the period ended June 30th, 2017.


According to the data made available Osun State’s debt has risen from N5.4 billion in 2011 to N147 billion as at June 30th 2017. This represents a compounded annual growth rate of about 73% annually. The person at the center of this borrowing is the State Governor, Ogbeni Rauf Aregbesola. He has been the governor of the state since November 2010 and has another year before he leaves office. At this rate he might end of with a debt of over N200 billion.

Next up is Oyo state with about N115.8 billion and was about N4.8 billion as at 2011. This represents an annualized growth rate of about 70%. The Governor of this state is Abiola Ajimobi, another Governor at the tail end of his second term. With a domestic debt of over N115 billion the governor is likely to leave his state in a worse debt profile than it was when he met it.

The third on the list is war torn Borno State with a total local debt profile of N30.9 billion as at June 2016. This represents a CAGR of about 62% for a state that is grappling with the activities of Boko Haram and has received major funding from the Federal Government in the form of North East Development Commission. Again, at the helm is a two term Governor, Kashim Shettima.

Nasarawa State is also on the list having grown its debt by 49% compounded annually to about N59 billion. The governor, Umaru Tanko Al-Makura is currently in his second term and basically led the charge to grow the states debt when he took office in 2013.

The list also includes other states that do not necessarily have two term governors but have seen their debt increase annualized by about 49% and above. In general, states have seen their debt grow from about N1.2 trillion to over N3 trillion at a compounded annual growth rate of 16%.

https://nairametrics.com/nigerian-states-fastest-growing-local-debt-profile-using-cagr/amp/
Politics › Re: Why Should I Hate FFK, Ayo Fayose Or Any Leader That Protects Christians? by OBAGADAFFI:
FTrebirth:
seun osewa, i can see you viewing.

please, kindly lock this thread for good as it's getting nowhere.
Leave Seun out of this.

He got his own share of troubles from our NL Alfas.

Why do you think he created a separate sub-forum for them, and you must accept thier Terms and Condition before Posting.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:05am On Sep 20, 2017
Manonamission:
Your deduction is the problem. You won't get dividend payment because you can't even enter a register when it is closed. Imagine submitting an application after a closure date and expecting to be considered.

For corporate action purposes, there's a Qualification date which the day preceding the closure date. You can enter on that date if you wish to be a beneficiary of the dividend or bonus. Example: for the single day closure, you must enter on the 20th.
Intendy:
You wouldn't get dividend.
Thanks for the clarification.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:19am On Sep 20, 2017
Manonamission:
Your name can't enter a register that is closed. So if it's closed between those dates, it means your name can't enter and leave between those dates.
Well, some registers got just single day closing date i.e 21st, while others got a window days of closing dates i.e 21st to 25th.

For single dates the register is updated the day after closure, i.e 22nd

For multiple the register is updated after the last day i.e 26th

Meaning if you enter within those closing date 21st to 25th you will get dividend payment.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:20pm On Sep 19, 2017
swilo:
Thanks for your response, OBA. Please, can I sell my shares on the 22nd and still have my name in the register?
If you sell all your shares 100% your name will be removed from the register and you won't get dividend.

If you sell part of your shares 50%, your name will remain on the register but, you will only get dividend payment for the 50%.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 6:27pm On Sep 19, 2017
swilo:
NSE gurus,

Please, what does it mean when a company closes its register.

If a company is set to close register from 21st to 25th, can I sell my shares on the 21st and still get its dividends or must I wait till after 25th?

Thanks.
If your name enters the company register between 21st to 25th, you will be paid dividend, but after that date you will not get dividend from the company.

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