₦airaland Forum

pDude: They are all fraudulent. Online shopping in Nigeria is the fastest way to lose your money.

Even with see and buy, you can lose money in Nigeria. Na the people, not the channel

ugodre: As we all now know, 2007/2008 was the year the Nigerian Stock Exchange bottomed out making Nigerians looses trillions of Naira. A lot of us have even vowed never to near that market again. However, last year the NSE All Share Index rose about 33% year to date making investors believe the stock market is now back to the good old days. While this is good, some of the problems and mistakes we made when we all went out to buy stocks are still there and will always be so far we still run capitalism. But that is not why we must not buy shares.

Warren Buffet once said the best time to buy stocks is when every one is afraid of buying and vice versa. People are still making millions even after crash. You only have to look to the fundamentals and open your ear to all the plethora of market information we come across everyday . For example, news that Government has eliminated duty and tax on Cement importation is bound to affect the business of local cement manufacturers, probably a sign to dump their shares.

On this thread, i will be posting my analysis and opinion of results of that have been released by companies quoted on the Nigerian Stock Exchange. I hope my analysis will help the uninformed and those that are investment savvy, my perspective on the the fundamentals of companies and what other factors may determine my decision to buy, hold or sell their shares. My articles will be very short, interesting and revealing to ensure you are not bored will too much financial grammar. I will also love to see your comments and perspective as to one can claim knowledge of everything.

Some of us who have specific information about companies that can help eliminate asymmetry will be most welcomed. This will help put forward a better and concise analysis of companies that we review. So guys, lets have some fun.

Warren Buffet is absolutely right, where there is transparency in the market. The corruption and opaqueness in the Nigerian market is still a huge problem. Have they cleaned up the whole mess of 2007? Were any companies/individuals prosecuted for the massive frauds? Remember fraudulent malpractices was the main reason the Nigerian market collapsed

Institutional investors with deep pockets can risk investing in the Nigerian market. Individuals have to pause before committing funds.

I'll say for now, in Nigeria people should invest in tangible businesses or assets. Things you can see. Real estate, food processing etc Even eCommerce businesses has a huge growth potential

eldoradoxx: If you are a failure in Nigeria, then definitely you will be a failure anywhere. You see the mouse that smells knows that it cannot escape that trademark stench that oozes around him because the stench runs in the blood and not in the skin ! Many Nigerians are abroad living from hand to mouth, managing some small menial and degrading jobs to pay bills and service charges. How many of them send home more than 100 pounds or dollars or euro? Many of them are more broke than common folks back home. Is that what life is all about ? You see the richest Africans are still Nigerians. The richest and most progressive Nigerians are not living in UK, France, Germany, US or SA, they live and earn there living here,tapping into our potentials, cheap labour and about 160million market. I don't think of any country where you can make over 100% profit in just any business. Our tax policy is very liberal (that is when one decides to pay). We may not have 24 hours light here but how much is the tariff in areas where there are good supply of electricity. Nigeria of today is not what it was 13years back, I have in 13years seen forests turn into estates with mansions, in 13 years we have sparked off economic revival that has caused Chinese, Lebanse, Americans, German just name it, all flooding Nigeria for business purposes. So I don't see any reason any Nigeria should flee home. Those begging for visa in other countries embassy are the failures that we need to export, they are people have lost faith with themselves and can't cope with the rugged life in Nigeria.

So people living abroad are "rats" that can't afford to send common $100 back home. This is a very **informed** opinion. Now we know **wise** one

coogar: every foreign country is abroad by definition.... so niger republic and cotonou are abroad!

Not abroad. If you can trek there or go by bus it's not. That's why we call it "oke okun" So Afghanistan and Uzbekistan are "abroad"

bebe2: God bless u my dear, everything they will call me, so I thot, open a business and we can all benefit from it.

But am still being asked for school fees and all sorts. I have 4 kids of my own. If I worry about just me and my nuclear family I will be very rich I will holiday all over the world but I have to worry about my nieces and nephews. [/b]I can't ignore them, they were born in my presence, cared for them, fed them bath them, [b]I love them as my own but by the time I pay this pay dat, I start struggling to meet my own bills.

I tire jare

Seriously, you are running a charity not a business. You want to help these folks and yourself? Sell that charity/business and move on. Chances of that "business" growing is almost nil.

Relatives are the worst to involve in your business. Sentiment will kill the damn business since you can't take firm decisions.

You're becoming a cash cow and they'll milk you dry. They're not paying school fees with that money . NO. The money is spent rocking at clubs, buying blackberry, paying mobile airtime, paying for asoebi, gallivanting from town to town. And you're struggling to pay you own bills.

This is Nigeria today. Maybe your nieces/nephew are exceptions to the rule.

I'm sure we are familiar with this saying: "The greatest lie the Devil ever told was convincing humanity that he didn't exist." Selling gold dust to and convincing African countries that it's diamond has now become the "flavor of the month" for development practitioners.

Some lies repeated in this video may indeed be more frightful than the devil's lie. We need to take heed lest we over imbibe the sweet words and lose focus.

Pan African-ism is simply a cool slang that serves no purpose. Africa is not a monolithic block, but countries sharing a continent. Each country must therefore fashion its own path to development based on it's unique problem.

Seminars touting GDP growth, low debt to GDP for African countries are increasingly commonn place. These seminars are deliberately quiet on the more important Human Development measurement which puts African countries at the bottom of the rankings. And according to the Global Competitiveness Report, most African countries are factor driven economy vs the innovation driven of North American & European countries. Yet some say we can catch up or surpass a country like Germany by 2055; 40 yrs time. Our goal is not to catch up with these countries. First and foremost: we have to reduce poverty to a manageable number. Too many poor in Nigeria and any year over year economic growth simply creates more poverty. This is what is going on in Nigeria today

Who are those guys? what is their agenda? Pumping out selective aggregated statistics to support the narrative of rising economic power house in Africa is delusional at best and deceitful at worst. Even more dangerous, it may encourage our leaders and policy makers to make bad decisions.

On a positive note the video has elicited, on this thread, vibrant discussions and diverse views on the path forward.

DaLover: Short distance indeed, like 2 years abi, I honestly think that is delusional, these monies u mention are drops of water in the sea compared to the projects we are carrying.
Ok, ur 3 trillion Naira internal revenue is just $20million dollars...better to work in dollars so that people are not deceived by huge figures...
From the annual revenues of $31billion about 60-70% goes into recurrent expenditure.....don't forget hat in the last few years salaries of everybody were increased, this leaves about $10billion or so for capital expenditure,
Capital expenditure like east west road about $4b
Lagos Ibadan road about $1b
Lagos Kano rail line about $8b
I would assume that ph maidugri line would also be about $8b
Then lagos calabar line , maybe about $8b
Abuja kaduna line, lets assume $2b..

These is just 7 projects planned that would take about $30b, the FG has numerous other roads to build, schools to build, sea ports ongoing, rails lines not mentioned, dams, airports, power plants, and so on and so fort,

My figures might not be exactly spot on right, but it gives you the ideas that gej is trying with all he has achieved in just 2 years....the idea of unlimited source of FG funds needs to be crushed once and for all

Spread over 5 yrs, that is $6 billion per year on infrastructure development. You tell me that's money Nigeria can't afford? Every country, even the richest have competing needs for development projects. Still, the works get done and citizens' life are better. Not in our case. We are still stuck in the bottom wrung of the development ladder.

Our story is not lack of funds but the cancerous effects of corruption. This govt is behaving exactly same way as previous administrations. Spending meager funds to upgrade a derelict rail system is no recipe for sustained development. This is "show and tell". During 2015 campaign Jonathan will now tout the Lagos - Kano rail project as key achievement.

Years of mismanagement in Nigeria has resulted in us playing catch up in all areas of development - transport, education, health, electricity and so on.

And here we are, some folks applauding a 30 mph train in 2013? I took the Lagos - Minna train 15 yrs ago and the journey time was nearly 24 hrs. I vowed never to take that train again. Looking at that video, nothing has changed.

ROSSIKE: It is silly and absurd making such comparisons. You cannot buy a modern railway system off the shelf the way you can buy a car. You need years of investment in the former. And please spare us this ''our leaders'' stuff. It's a very lazy way of looking at issues. ''Our leaders'' are not a monolithic group. They vary in quality from one administration to the next. So speak of the Jonathan admninistration specifically, or Yar'adua, or OBJ, or Shagari, IBB, Abacha, Buhari, Murtala, Gowon etc. Some leaders performed. Some didn't. Some had vision. Some didn't. Some were elected. Some got there through the barrel of the gun and so were unaccountable to anyone, which showed in their end-product. So they're not all ''the same''.

Such comparison highlights the disconnect between our leaders and people; not about GEJ only. Fixing the rail system has been a mantra repeated In the past and nothing meaningful has been done

Fixing the trains on one route without new tracks will not cut it. A specific mandate must guide investment decisions. For instance reducing the travel time from Lagos to Kano must be the goal. And based on this goal govt can set aside budget to achieve it. Given the potential to increase ridership and economic activity, this is a worthwhile investment

Piecemeal investments like this will not work and transform nothing

vizboy: hey man clap for yourself nice speech and if my guess is right you started running the moment you came out of your moms stomach. Give Gej a break he is just half way into his tenure and have taken a bold step if our past leaders has taken these steps we wouldnt be were we are today. USA as you see today wasnt built in 4 years but for more than 300 years.

We need to invest billions of dollars to overhaul the entire system. Spending a paltry $153 million will get us nowhere. The opportunity lost for business means overhauling the entire rail system should be top priority with electricity. Moving at 31 mph will not attract more passengers to use the service. In 5 yrs time its back to square one since people will lose faith in the system.

The latest Mercedes benz and SUVs ferry our leaders all over the place, yet they invest on a rail that moves at 31 mph. And people celebrate this as progress! 15 yrs ago the rail journey from Lagos to Kano was around 30 hrs, same as this. Progress really means something else in Nigeria

The drop in goods move was even steeper from 3.3 million tons to a mere 57,000 tons.

Above quote indicates how much the economy is losing yearly because of an ineffective rail system

[quote author=Omo_Tier1]This is like a man who has money to build a modern concrete house yet is celebrating living in a mud house as a life achievement How come when they want to do anything for themselves, they go for the world's best, yet when it's time to do anything for the Nigerian masses, they put up a mediocre!

Nigerians deserve a modern and functional railway services and what this government is giving us is no where near good enough! We have the money and men to have a modern and effective rail service all across the country, sadly we lack a leader who can think into the future.

Lets stop celebrating mediocrity and demand for the world's best. We have the money, people and resources to have them in Nigeria. Yes, He may have tried in reviving Lagos-Kano rails, but lets us as a people collectively tell Him, GEJ that we are not celebrating because the allege investment does not commensurate with what is on ground hence we DEMAND a Nigeria standard railway services.

Let anyone not be deceived, if the Lagos-Kano railway service was anything to rejoice about, people will not have been sleeping in MMIA over the mad Easter rush as many would have opted to use the rail service.

GEJ has made a start, but it is not good enough and He needs to up the game and deliver big time. This is about Improving Nigerian lives and no politics should come into play in doing so.[/quote]Absolutely correct. We need to build for the future, not just spending on projects to resuscitate the past. This rail projects looks like one and may not be sustainable in the long term.

Ada Nri1: [b]why is that in teaching show me is advocated instead of tell me? [/b]When u see a picture of how bad you're behaving you will despise and change quickly #I'm just saying.

Don't understand this. pls explain

[quote author=A-40]When Sheed takes duds like Desagana Diop,Erick Dampier and Devin Harris to NBA Finals get back to me
Timmy is a better defender than Sheed more reliable as a scorer too
Nowitzki is a better shooter than Sheed! The best shooting big man ever period!

Sheed was not the best scorer on his team neither was he the best defender (Ben and Tayshaun where better) so how can he be better than Dirk and Duncan[/quote]The Sheeed vs. KG thing will never be resolved. Both are very talented power forwards that battled a lot when playing for Wolves and Blazers.

They both play tough interior defense and can score easily over any big man. Sheed is slightly better because defenders have to account for him at the 3 point line. One of the best 3 point shooting big man. His 3 point shots usually the drained opponents of any energy especially when trying to make a run. watch the tapes of his Piston days and you'll see what I mean

Ada Nri1: if I say " my child stop behaving like a goat" to me that's giving the child an example of how she/he is acting. Na wa oooooooo shey na this una wan bring up children? If he goes out and another person calls him a cow he'll hang himself. Better bring up your children realistically or else bullies will target them everyday.

I will never compare my child with a goat. Why not simply tell him to behave himself. Adults in Nigeria must be respected. True that. Kids too must be respected

Bullies abound in schools and sadly kids are forced deal with it. However, children that have respectful and open conversations with their parents are more likely to tell their dad/mum about the bullying. If you insult your kid, he/she may be hesitant to report bullying in case you call him a "weak goat"

Ada Nri1: There's a difference between insult, abuse and curse.
When your dad gets angry and tells you "don't be silly! Or silly!" Go and hang yourself because your dad insulted you. As far as I know my mum used to say we should stop behaving like goats, that's when we acted foolish, that didn't stop us from changing and behaving like human beings. And the next thing you'll hear her say is "my children are very wise" all these sabi sabi people here telling some1 how to raise their kids, I hope your children are going to be 100% well behaved everyday. Bottom line, correction with love is better than trying to avoid insulting your child and loose him to terrible behaviour. Spare the rod and spoil the child.(They'll soon tell me it wasn't meant to be followed literally)na una sabi sha, I dey my house, I raise my kids how I want. Main goal; useful, wise and well mannered children with great fear of God.

You van correct a child without insulting. How would you feel if your boss insults you instead of explaining what you did wrong and then correct you.

This our Nigerian mindset has to stop. Just be firm. Kid get it

Fhemmmy: I think there is a difference between insulting and cursing them . . . I tell my son most times that he is big head and he say it back to me too, but when a parent curse their kids like saying - I know you cant be anything in life, that is dangerous and such pronunciation do have a lasting effect.

That's just playing. He finds it funny too that's why he's saying it back to you.

Too many Nigerian parent's insult their kids at the slightest offence. Talking to kids is really alien in our society. A child asks a simple question and they tell him/her to shut up and mind his/her business. Nigerians don't like explaining things to children.

Why is Afghanistan not on the list? DO we still require visa to enter Afghanistan? Even Irag too. So they expect naija to line up for embassy collect visa to these places? I tire o

Spirit1: I am ashamed of how we Nigerians are the very architects of our misfortunes. We seem to miss the point. Corruption, embezzlement of public funds and misuse of public office is a big problem in Nigeria. GEJ misused his power. Nobody is saying that he does not have the right to pardon anybody. What are we saying to politicians who have literally "raped" our country and destroyed the future of our Children? With GEJ’s action, we have given them a free ride and validated their conviction that our collective wealth belongs to them, to be used however they deem fit. For some of you writing here, you only need to talk to Nigerians above the age of 45 and ask then what life and education was like in this country when they were growing up. Compare that to where we are now, and you can see how we have mortgaged the future of our generations to come to sycophants and “kleptocrats”. I weep for Nigerians and our mentality.

Very true. Its's really unbelievable that some Nigerians believe pardoning Alams is ok. These politicians will continue to plunder the wealth and will never be punished. The U.S. govt is only helping with the fight against corruption.

[quote author=Wiz-Prince]THE HULABALU OVER PRESIDENTIAL PARDON GRANTED BY GEJ.

So many people were worried about GEJ'S Pardon - but why.

=> THEN YOU NEED TO SEE THE LIST OF PEOPLE PARDONED BY PRES. BILL CLINTON. Below

As President., Bill Clinton granted pardon & clemency to 456 people, thus commuting the sentences of those already convicted of crime & obviating a trial for those not yet convicted.

On 20th Jan, 2001, he pardoned 140 people in the final hours of his presidency. Some of those pardoned include:

1. Bob F. Griffin- 4mr speaker of the Missouri House of Reps who was serving 2yrs on bribery charges.

2. Anold Paul Prosperi- Florida Attoney convicted tax fraud.

3. Melvin J. Reynolds- Demo congressman frm Illinois convicted for bank fraud & obstruction of justice

4. Dorothy Rivers- Convicted for $1.2m theft.

5. Peter McDonald-Servin ­g 14yrs for fraud & racketeering.

In all of these, no International community heard or sanctioned anybody And yet The Same US didn't say anything when Bill Clinton did this. But When it happens in Nigeria, it is now a never-heard-of and having insults from some bloody sentimented people.

­ We must give GEJ the needed support to succeed and Nigeria will move forward.

Courtesy: https://m./188963351169695
The Social Voices Of Umeh Town - Delta State, Nigeria.[/quote]This is the level of thinking and political discourse in this country? Certainly the 20th century will pass us by and we'll remain forever in the dark ages.

IIIIxRoyalxIIII: Yes, more skilled than Both

Duncan Has never had Sheed's Range....Sheed can hit threes and has a more varied post game

DirK could never play interior defense as good as Sheed

Kg has Zero Post Game, no 3pt range and never had a serious go to move. His Post Game was always subpar for a "superstar"

As i said, based solely on skill set...Sheed was the Most Skilled Big Man of his Era

He could do everything, His mind was just ravaged and emotionally broken

As far as Ball Skill, I can name many things Duncan,KG,and Dirk Could not Do.

That is not the Case with Rasheed, Sheed could do everything, Which is why Larry Brown Got to the Finals Twice with Him.

A Young Prime Sheed with his talents and skills was Light Years Beyond Kg and Dirk.

Sheed's mind prevented him from being a great player and a hall of famer

He was never selfish enough to want it either. Another Flaw

Concur with all your points

[quote author=A-40]More skilled than KG,Dirk,Duncan? I don't think so! He was good but not a superstar! The 04 Pistons didn't have a superstar

Well the Heat stretch their streak to 26 and the Nuggets have also won 15 straight! The most compelling battle is the one for 8th seed out West. Lakers,Mavs,Jazz all in with a shout[/quote]Definitely much better than DIrk and Dincan. And at par or even slightly above KG. Go watch him in his Blazer days and you'll know dude was special. Does technicals made people focus more on his troubles than skills

Wtthout Sheed that Pistons team couldn't have won 2004

PapaBrowne: You think politicians drank 725,000 bottles of champagne and they still have the normalcy to steal your money!! No bro, they'll be dead drunk anytime they go to the vaults.
Its average citizens that do the drinking! Telecom and IT workers, Small business owners,Bankers,Oil & Gas owners and yes Recharge Card Sellers et al! I have friends who dont earn way too much but drink hewnnessey anytime thier team wins a march!on their birthdays!! Its cultural!! We love fly in this country and that helps us get high figures when it comes to crazy stuff like this!

No need to start rejoicing over this champagne story. Its's a misleading story and not even good news. So what if we import so much champagne?

Most of the guys may not even spend money raising their children but drink themselves to stupor every night.

[quote author=Red-Light]abi o.... Its not the fault of world bank but the fault of those that believe those rubbish stats[/quote]Even Nigeria's top statistician confirms poverty is still excruciatingly high in Nigeria

Dr Kale said that between 2004 and 2010, Nigeria’s poverty rate had moved from 54.4 per cent to 69 per cent involving 112,518,507 Nigerians, adding that although the country’s Gross Domestic Growth (GDP) had grown since then, it had little impact on the poverty situation

In some states poverty rate is about 77%

Cavs were up 27 in 3rd quarter and still lost to the Heat. Incredible. Too many butter puffs in the East. Frankly, those Cav palyers should be sent to the D league.

[quote author=A-40]This Nuggets team is a very dangerous one! The curious thing about it all is they don't have that quintessential "star" everybody just comes in to do work! Its really nice to see[/quote]True. sadly, no stars, no ring. They usually entertain us in regular season and flame out in playoffs. Maybe they can reach western finals this year

obowunmi: how you fit see hin toe with the cover shoe wey hin wear? you get laser vision?

He's not talking about her feet. It's that part of the body guys die for. Don't wanna spell it out

The C's still found a way to lose this one. Up double digits in fourth quarter and failed to close.

So who can cool down this Heat? Not any of the scrubs in the East for sure. And after last night the Heat officially own the Celtics. Yes KG didn't play but it was a winnable game all the same

El Presido: Result-oriented speech dwells on achievements:



Compare with this futuristic plan of action:



The difference is very clear. As per passion, that is what GEJ lacks while making speeches. He doesn't speak from his own mind. . .he merely reads what has been written. He can rarely motivate his audience to action.

When you have results to show the passion comes easily. But when you have no clue where to take the country, you ramble and ramble and put your audience to sleep

Rossikk: If he were to sent to prison today, the entire Creeks would explode in uproar, oil and gas supplies would plummet, and the Nigerian economy will tank.

OKupe made similar statement and I thought he smoked illicit drugs.

In that case, throw Alams in jail and let the cards fall wherever. Nigeria is too big for anyone talk less of a disgraced and corrupt man.

[quote author=A-40]Lol the West has been the stronger conference for eons now! The Warriors and Rockets are still vulnerable too. I dunno if the Lakers can get past San Antone or OKC in the playoffs but let's wait and see the race is still on


I checked Kobe's stats lately and its amazing the number of seasons he has played all 82 games! The guy is just a stubborn nigga! All these dunks,blocks,fast-breaks and highlight reels Kobe don do am pass! He's only 165 points away from Wilt Chamberlain for 4th highest scorer of all time and you expect he would pass him in the next 10 games at most! Don't know if he can catch Kareem but MJ is definitely catchable
I think the moment Kobe came out and guaranteed the Lakers would make the playoffs was the turning point! Their schedule also helped but they had to win still

By the way what do your Knicks do about Amare! Another surgery again? That guy na just scam! If he where in the NFL he woulda been cut!![/quote]Rather unfortunate. Few players come back from knee injury and continue playing in top form. Knicks have to release him next year via the amnesty clause to free cap space. Not sure the CBA rules on this. Bulls must have similar concern with Rose

Kincks are looking at another first round exit.

[quote author=A-40]Don't look now but the Lakers are tied for 8th seed

Kobe's numbers for 8 games prior to tonight's win
35.8 ppg 55.6 FG pct 6.9 assists 6.5 rebounds
Remember people this is his 17th year in the league
If this was Lebron you can trust L'ESPN to Lehype this ninja to death! Hahaha where's that ninja C2H50H Lebron hater #1[/quote]They may still get the 6th seed. Right now, its a four way race (Warriors, Rockets, Jazz & Lakers) for 6,7 & 8 seed. Always love the West.

Kobe is a fierce and competitive guy. And I bet he'll carry that team to the playoffs even with broken fingers and all. People forget the intangibles this guy brings every single night and focus on the highlight reels (dunks, blocks, fast break points etc) from Lebron.

[quote author=~Bluetooth]They claim china is manipulating their currency,they complained china is taking their jobs,they bitched about their products and now,they are lamenting about their foods yet china is the second largest economy in the world and working towards meeting up with the US.People open your eyes and get real.there is nothing wrong with china nor their technology.

They provide a good environment,under-value currency and government support for anybody to invest in their territory.the US is just bitching that most of her companies are relocating to china because of the enabling environment and thus,the negative campaign against them.A large chunk of US debt is owed to china[/quote]There's a lot wrong with Chinese products especially food. SARS outbreak in 2003 should be reminder for people importing food from China.

[quote author=Omo_Tier1]It is not a play of words! If you lack the understanding simple seek knowledge. An economy with a rating of 'AA' Negative or Stable means there is something not quite right with Her financial books. Investors take these warnings serious especially those who want short returns on their investment. UK's ratings being 'AA' and Stable with possible downgrade to Negative means investors will be concerned investing their money because here and for real those who live in London and elsewhere in UK will tell you the signs are all over with hundreds of shops closing their doors every quarter.[/quote]I see you've dropped the dubious comparison of Lagos vs. UK. Good! we're getting somewhere

I get it. short term investing in the U.K is not profitable. Still an investment manager with over $1 billion will put 90% in the UK. and 10% in Nigeria.

In the mid 90s the U.K was in a deep recession and bounced back by end of the decade. It's just the economic cycle. In 5/6 yrs time we may be singing a different tune