₦airaland Forum

The Chief is inviting epidemic to the village.

Their is a reason human corpse are properly disposed.

Politicians and their promises

sarrki:
The diocese shows affiliation with ipobs miscreants

MYDN44 go and sleep

fiizznation:
The acting president Osibanjo had already addressed the nation, buhari doesnt need to address anybody because he is on a medical leave. Anyway I don't even blame anybody for this "speech controversy" but buhari's incompetent aides( the lai mohammed, garba shehu and femi). Those guys have zinc idea about how to handle anything from the presidency. They are just overzealous and very incompetent

Oga cool down, how many Nigerians understand PMB massage, BBC official language in UK is English, why not grant the interview in English.

SamuelSNR:
Greenwich Securities charges me N4 when I buy stocks and N8 when I sell.

I'm still unclear what made them charge me N8 when I sell a stock. I will ask CSCS and Greenwich Securities today.

That is strange.

Maybe charge you twice.

SamuelSNR:
CSCS X-Alert fee is now N8.

CSCS fees it still N4

Zhirinovsky:
Brokers are wicked. They take commission even when we sell at a loss.
Dem no dey pity peson

Its Casino business.

OlugbengaE:
Dollar is not a commodity its a currency

Then you aren't a trader.

People buy and sell dollars everyday.

What do you think BDC sells.

OlugbengaE:
stop talking like a layman. dollar is not a commodity that its price goes up, in exchange rates it either a weakening or strengthening, you meant to say if oil prices goes down,Naira weakens

Oga cool down

Dollar is a commodity and its being traded everyday.

feelaaG:
Bob Diamond's Atlas Mara to raise $200m to buy more of #Nigeria's Union Bank. Nigeria https://bloom.bg/2rBje1K @Reneebon @UNIONBANK_NG

This portfolio investors are not helping the country.

mahommie29:
Access bank taking a bashing today. #downhill

Government has blocked their plans to take-over ETISALAT.

Princkez:
May & baker fuel has finished...it really tried

It was a Jolly ride

pluto09:
Managing a company is actually not as easy as people outside think.
I am not suprised that etisalat is running at a loss as they came to the party very late. Other telecos have had their own difficult time too in the past.
From where i stand,the whole story is not good for anybody not even acess bank that is taking the company over.

What will you say about AIRTEL that took-out over a struggling ECONET(VODACOM, ZAIN)

ETISALAT even got more subscribers than ECONET(VODACOM, ZAIN) before AIRTEL came in.

It's just mismanagement.

Each candidate shall register a minimum of 9 (Nine) and a maximum of 10 (Ten)

Which means, either French or Arabic is compulsory.


What is the importance of both foreign languages (French or Arabic) when we already have English.

ExLaidback:
Well I can't say why but I can tell you for SURE that Etisalat posted losses for the last 3 or 4 consecutive years. It's privately owned so these figures are not in the public domain. The troubling thing however is that the losses were increasing considerably y-o-y. If the losses were coming down, it would have made a lil more sense to me cos there's a period required to break even after a business starts...Anyway that's it

Oga you just reminded of STARCOMMS and Multilinks, that was how the Directors busy were diverting the funds and posting losses until they go under.

I still have that yeye STARCOMMS in my portfolio today.

DeRuggedProf:
Fly don follow food enter Oven...

Same World Economic Forum our government officials, keeps quoting, that we will be out of recession soon.

ExLaidback:
Yeah I already stated that they'd be more interested in selling since they don't have the sector expertise to manage the coy

From experience with CDMA coys, Banks don't have that expertise.

But nobody can tell me ETISALAT or Telecoms companies don't make profits, most of their incomes are usually diverted .

Ernest Ndukwe tried enforcing corporate governance when he was the NCC EVC.

The same man is a director in Access Bank. Ironic

http://www.accessbankplc.com/pages/about-us/board/Dr-Ernest-Ndukwe,-OFR.aspx

ExLaidback:
This is a big win for the lenders in this case and so reasonably good for their mid to long term stock price. I'm speaking as an outsider.

This is simply because, Etisalat didn't run into a blind spot because of bad profitability or operations per se. It found itself in this bind primarily because it was unlucky to have taken a dollar denominated loan shortly before the dollar was devalued. Right? So the company by and large is profitable - especially now that they no longer have to pay interest on the loan since it has been converted to equity.

So in the interim the lenders have a source of cash flow while they scout around for new buyers (note that they are not likely to hold onto Etisalat since they don't necessarily have the expertise to manage it). They're also likely to sell it at a profit. (since as i said above, I believe that Etisalat is still a profitable company).

The point I'm making in essence is this would have been an entirely different story IF Etisalat's indebtedness was due only to poor management and not unfortunate circumstances.

So the major losers in this deal are the previous owners who've lost hold of the company.

However my take as outlined above only holds if the new owners allow the current management to manage the business without undue interference and so on, unfortunately this is Naija...So I might be wrong

Can banks run the Telecoms business well ? NO.

Access bank, might looking for a strategic investor to buy Etisalat .

Adenuga ? Hell no

Dangote probably.

Intendy:
http://nse.com.ng/Financial_NewsDocs/18483_JULIUSBERGER-STRATEGIC_PARTNERSHIP_CORPORATE_ACTIONS_JUNE_2017.pdf

JB going into Oil and Gas.

jamace:
Its like JBERGER has started NORTHWARD march.

With Budget signed and money is being released. JB most move up

FriendNG:
OK let me just allow you to believe what you wish.

Despite the Wikipedia link, the red marker pointed screenshot u still decided to lie. Anyway it is OK.

From your red marker how many states speck Arabic? 28

FriendNG:
I am asking you?

I have provide the link and screenshot to prove my point. Here it is again.


https://en.m.wikipedia.org/wiki/Arabic

French is the official language in 29 countries.

The to three languages in world are

Manderin, Spanish and English.

FriendNG:
Now you agree it is 3rd language in the worle?

If CAN want both Arabic and French out, I won't have problem with them.


But their problem is Arabic language alone without French.

And they lied by calling it Islamic Arabic studies

Where did I agree Arabic is the language in world?