₦airaland Forum

That's very strange sir.
At least you know it played around 136 for a very long time?

emmanuelewumi:
How did I miss that?

I think that was in March. I think it did so again around August.

emmanuelewumi:
You are doing well, can't remember when Dangote Cement went to N117 . Currently around N200, you should have held on so as to enable steady dividends and capital appreciation for the next 3 to 4 years.

Dividend paying stock is the key thing, dividend yield of 10% at dividend payout of maximum of 60%, average earning growth of a minimum of 12% in the last 3 years

This is closer I believe

awesomeJ:
Went to around 450k during Yar'adua.

I think it's still between 500k-700k currently.

Perhaps even less for those at state institutions.

But they run multiple engagements sha.

Who dash professor 2.5m per month? You want to kill fg? Try that nonsense and all lecturers go become professors overnight?

awesomeJ:
Too small?

I would say it's not o.

2.5m per month.

only area manager in banks, managers in big telcos (just 3 or 4 depending on who you count), and experienced level IOC staff.

some managers at NB, Nestle and CChellenic, and co make less.
Bank branch managers too.
professors and most doctors too.

Maybe just 5% of the c. 10m pension contributors.

Most other continents and countries are going on another lockdown, God has so blessed Africa that the Covid-19 pandemic was not as devastating as it was in the rest of the world yet somehow we are unable to take advantage of the situation.

As long as people continue to believe that money can be multiplied when they hand it over to some people then these scams will continue.
If you are not ready to do business but want passive income then you have to learn to be very patient with the little returns you get from many passive forms of incomes.

Qasimak1:
DHIL/CRIME ALERT company is a fraudster, dubious company in Nigeria, especially in Ibadan, they use scam and dubious way to collect money from innocent investors and refuse to pay return on investment or return investors capital. Don't be their victim.
Do you have any experience from this company DHIL/Crime Alert.

Hmmmm, interesting. I guess Saraki can also make this your list.
There has to be an exception that proves the rule. What about the Ibru family? Just asking

emmanuelewumi:
Can you name a non banker who succeeded in banking in Nigeria from Abiola to Yar Adua to Ladoja and many other manufacturers, Industrialists and businessmen who established banks in Nigeria in the past 40 years?

Dangote failed in banking?

emmanuelewumi:
Kunle Alake is a highly trusted management staff of Dangote, after spending 30 years with him. He started from the defunct bank owned by Dangote, ie Liberty Merchant Bank

lol... Bro, wertin happen?
Some of such staff sometimes really believe in the project and are not insiders per say. They are most times also brainwashed so that they can sound convincing when talking to prospect.
Just calm down, e don happen e don happen

RealityShot:
We live in a crazy world, where your own blood brother can stand before the entire family and suggest that
All the retirement benefits of your parents should be put in a company he works for
And clearly knows that it's a Ponzi company!

Just because he wants salary for himself!!!

If one kills such brother after the Ponzi fails, hope no one would put that person in jail or under any condemnation, right?

I can not be an avid church member again, I will serve God in my closet, than to worship in the presence of skimmers and treacherous folks who claim to be more " churchous" than I am.

41M (~$100k) monthly. This even dwarfs the 17M of before.
They must really be providing lots of value to their company to earn that much.

emmanuelewumi:
While Dangote earned just N60 million as the chairman of Dangote Cement, the CEO earned almost [b]N500 million as salary[/b ]. But Dangote went home with a dividend of over N200 billion.

Now that I think better of it, earning USD75k monthly even in the US is also even not a common occurrence. I dare say it is very rare and only happens among the top management echelons in certain sectors of the society.

Lazyyouth4u:
Dangote does not pay anyone USD 75k in salary per month. You can take that to the bank any day sir.

How can I reference 4m as too huge bros, I was referencing 17m monthly, except that was not what Ahib wrote or meant.
30m PA is 2.5M monthly. This I can easily believe, but for these companies to pay 1 human 17M per month, de a little hard for me to believe. Not saying it is not true just that I find it hard to believe.

awesomeJ:
No now.

The 30m figure is per annum.

I assumed we were talking in terms of annual pay.

Lazyouth don vex!

I didn't mean per month now.

I was referencing where ojesysym said 4m per month was huge.

My brother, that money big.

Lazyyouth4u:
Dangote does not pay anyone USD 75k in salary per month. You can take that to the bank any day sir.

Converting that into USD using 400 naira as exchange rate puts it at $75,000 per month. Any how you look am the money big.
Can't we list Nigeria in the stock exchange, perhaps that may help it be run better? Just saying.

awesomeJ:
Once you're at GM level in most large firms these days 30m isn't uncommon

Even with devaluation these firms have revenues in billions of dollars:

MTN NG Should be around 1.3trn (about $3.3bn)

Dangote Cement like 950bn ($2.4bn)

Flour Mills around 600bn ($1.53bn)

Zenith Bank around 650bn ($1.66bn)

Guaranty like 500bn ($1.27bn)

Ecobank UBA, FIRST BANK, Airtel and Nigerian Breweries, should be around $1bn to $1.2bn each

It is hard to believe some of these values, how much does the company make?

ahiboilandgas:
i can't understand why .he not even among the top earners ....Dr Mansur earn about 17m.naira per month.....so there is still prospect to grow in the company....

One driver once told me that, whoever wants to steal will steal even if na ordinary broom. Our mentality among the learned in this country is that of stealing. You will find more honest contented people in villages and small towns.

I also observed that teachers in government owned schools are a little more honest than the average Nigerian, probably because they tend to start believing the morals they try to teach the kids in their ward and some level of job security.

NL1960:
N4m per month and other allowances and yet he still steals. What does he spend N4m per month on that he is not satisfied and has to still steal?. I normally tag people like this as suffering from 'poverty mentality'.

Na today you know say na Nigerians be Nigeria problem? Most good though not perfect policies in Nigeria are sabotaged by same Nigeria who are supposed to implement the last mile.

Donbrig:
Why are Nigerians wicked to Nigerians? FG heavily subsidised prepaid meters, so that Discos can distribute it free of charge to Nigerians, but here in my region, some disco officials are already making huge sum selling meters. Some of these staffs are still saying they don't have enough prepaid meters, even though they have more than enough meter to distribute freely to many homes in Nigeria.

Why are we so wicked to ourselves and still hope and pray for a better Nigeria?

Non be anybody fault o, CBN say they non need our loan again, the only other options available na to save, buy USD, forex or crypto, invest in NSE or NYSE, try high yield and other risky schemes or give our money to scammers.

petaling:
The thread has recently become a center for academic exercise with no real value for investors.

always resist the urge to shalaye. When people try to trip you on this forum, what you do not know is that you are being led to inadvertently give out personal details about yourself. The result of all that will probably not be felt until a few years. I know you know in your hearts of hearts that with the level of insecurity in the country, this is not a wise thing to do.
Just resist the urge I suggest

ositadiima1:
Edited also. WTF !

What exactly are Africans generally better at doing then?
On a personal level, after reviewing who we are as a people, in recent times my criticism of politicians, those in positions and leaders has reduced drastically.

Many of our brothers in diaspora have also tried this model but some folks back home see it as their own piece of the national cake and mostly mismanage the business. Even then, Indians are not particularly known to be honest so how do they achieve all these?

NL1960:
Somebody runs it for them back in their country. The workers are mostly trustworthy.

Using this arrangement, will they have someone else run it for them?
What happens after paying, will they go back to run the business?

NL1960:
Once they relocate to another country and they start receiving salary, they take a loan from a bank in India and open a business back in India. Every month end, once paid, they transfer some of the money to repay the loan while the business is getting its feet. Over time, the loan is repaid.

Wao... Many of these are fortune 500 companies

emmanuelewumi:
Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

Is it right for an ex CBN governor, one time regulator to come and head a bank that he at one time was regulating? Is there no conflict of interest somewhere in all of these idea?

emmanuelewumi:
Aig is equally busy as the chairman of Coronation Merchant Bank, Coronation Insurance and the companies in the Coronation group. He is still getting a decent dividend from Access bank that is roughly N700 million per annum.


Oga Jim is already 65 years, his dividend from the bank is about N10 billion per annum, excluding income from other unlisted Investments and real estates. He can always run things from the background and also have a representative on the board, very possible that Emefiele may come to become the chairman of Zenith after he retires from CBN and Jim completes his tenure

Is there a patch for V7plus Gtmedia?

adubam:
For Strong Decoders mentioned above. Go to www.crosat.us and download the patch. Note: only do that on reliable power source if not you may "fry" your decoder.

Na wa... With the different opinions and advises each trying to be more convincing than the other, if I was the cbn governor I will also be confused

Hmmmm. Okay. Maybe Ema can help me out here. I think there a few examples to buttress the point I am making. Oando is an example, I have had reference also made to uac mgt.
I am talking about those CEOs who allocate large enumeration to themselves even when they know the business is struggling.

Lazyyouth4u:
I am not mixing it up sir. CEOs are given lots of shares as part of their compensation. They can only cash out when the company’s stock reaches an agreed strike price. When you look at annual reports and see shares owned by CEOs, they didn’t buy those shares. They are stock options.

This is one reason why a government run organization will remain unproductive because of governments inability to reduce workforce when the business case no longer supports their employment.

Lazyyouth4u:
When Wigwe wanted to cut costs by reducing the size of the workforce at Access, Nigerians made a lot of noise about it. Human beings can be complicated.

I think you are mixing a CEO up with majority shareholders or chairman.
I was talking about the management team of many organizations. Although I know where you are coming from since the example I initially quoted is slightly different from what I am describing.

Lazyyouth4u:
These CEOs have a huge chunk of their compensation in stocks (mainly stock options) that they can only cash out when the share price increases to a set price. Why will they not want to reduce wastage and create value to be able to sell those shares and make money?

When Wigwe wanted to cut costs by reducing the size of the workforce at Access, Nigerians made a lot of noise about it. Human beings can be complicated.

Most Nigerian CEOs are just high budget typical Nigerians. Their major interest is always to take as much as they can from a business and not really how to add value.

shalomblue:
One thing we can't take away from FBNH is the fact that they have been in business for over 100 years. I respect them for that and I doubt if other banks will be able to survive next 100 years because the plan of an average bank Ceo in Nigeria is to take over the bank by any means.
They intentionally do not cut waste since they are not major shareholders. Only the GMD has sizeable units

How does this work? What's the minimum investment? How safe?

speak2lift:
Stanbic, Stanchart have these offerings...And boys are already doing it

Bros, e be like say na your two hands you take implement that Oga Emma post, coz the way you de always refer to am em, the thing de sweet your belle well well be that.

RealityShot:
Read that post I referred to...

The secret to identify future profits is there.

Read it 10 times
Then read my last 10 posts..

All you need to succeed in the stock market are there. If you are willing to give yourself the time to understand every sentence and do a little research.

The stock market is better than Treasury bills if you learn this pa Emmanuelewumi 's technique