Let's see the change first before writing articles to applaud it.

peleson1:
Chei Niger Delta..

See our oil money wey other people come dey hijack still dey terrorize us for our money again..

God forbid.


Who r these people sef?!!

Off shore. The oil is off shore, not on Niger delta land.
The ocean up to 50km into water belong to the Nigerian government. The rest is controlled by international maritime.

PheelzAlmighty:
Na keke napep make you dey blow grammar

Foolish unseriousness like this should be shunned in our society. It’s looks like a joke to you but serious businesses are made from simple things.

Nigeria spends billion of USD importing Keke Napeps yearly and our people take loans to buy it yet you are making it into a joking matter.

EZENDIZUOGU:
from which state

Off shore.

Lovely.
Performance management is crucial for Nigeria civil servants to improve their accountability and productivity. Gone should be the days of resuming work at 11:00am and leaving by 1:00pm, yet doing nothing.

Emusan:


To me it's a good strategy if the leaders are really serious about it.

How?

This will leave impression for the incoming foreign power that if they do anyhow they'll also be kick out. So the incoming foreign one might do far better as the leaders will hold them tight.

Anyway, this is Africa the leaders can still betray their people.

It’s likely the incoming foreign power behind this supposed protest. They will use the Nigerians and may turn the land to battle ground.

Eleporobi:
Nigeria government just like putting the cart before the horse.

Let them fix the power first before putting people in different categories.

If electricity is very stable who cares about bands. The discos should be forced to provide prepaid meters for every customer, the government should also hand over transmission to the private sector.

They should fix it with which money? Do you know how much is required to fund the sector? Even just to pay the debt already owed to the Generation companies

This is likely done by mischief makers to start a tribal war and have people pointing hate fingers.

Currently trying to leave Nigeria and I don't have my Nigeria passport. Getting the passport in Nigeria is taking longer that I expected.

LandMann:


Your eyes are open but you can't see cos you're as blind as a bat.

How does criticising unfair labour practices in Nigeria turn one into a socialist? Again, what exactly is wrong in being a socialist?

If criticising the exploitation and enslavement of Nigerians in their own country due to the stupidity and greed of politicians who can't see the future implications makes me a socialist then yes, I am proud to be a socialist.

Compare being a socialist to you that is a morónic blind capitalist. Are you saying you enjoy the exploitation going on in Nigeria by your fellow capitalists?

How do you explain that your minimum wage since 2019 was N30000, equivalent to $100 then and today the minimum wage paid by the capitalist system is still N30000, equivalent of $20 today meanwhile all the capitalist enterprises declare billions upon billions in profit year after year till today.

If the labour force in Nigeria was not productive would the greedy selfish and exploitative capitalists see profits to declare or did their capital multiply itself and turn into profits without the input of labour?

You're too blind to see that the exploitative action of capitalists is killing Nigeria's labour force. It is forcing brain drain and it is making Nigeria weak everyday and causing overdependence on foreign goods and services cos the labour here is not given room to grow and develop and improve their lives due to miserable salary that is barely enough to feed and transport yourself to work not to talk of paying for education to improve your life.

Nigerian workers on average;

1. Receive very poor wages that they barely use to feed and pay essential bills, thus ruling out funding for better education for better skill attainment.

2. Work excessive number of hours for poor wages, making it nearly impossible for them to dedicate time for education and other self improvement skills

3. Maltreated at their work place by their superiors who threaten and punish them unjustly without any incentive for good performance....exact template of slaves, slave drivers and slave masters back in time.

The list is endless. All this is because Nigeria law makers and enforcers and people like you who defend the rotten system see nothing wrong with it and do nothing.

Keep defending the greedy selfish and exploitative capitalists. One day you and your children will be food for the slaves you are creating.

I won't bother replying you again cos you sound senseless

The problem with people like you is that you don't actually take a step back to think carefully and study how economies grow. You have sentiments and it shows in your words.
What you call unfair labor practices is only because you think the company is making money. How does paying people what the market dictates enslavement. Have you not seen Chinese people working in the sun morning and night for cheap pay, the chinese government holds trillions of dollars in the US. If it was left to entitled people like you, why would the government have money and let people work that hard. You would ask the govt to share money so people live more comfortable lives (Short term thinking).

Again, go to Dubai and see Indians and Pakistanis working hard in the 40 degree sun. But you want to have it easy because you think the company is making money without once taking a good look at the numbers in Dollar value (Capital was imported in dollars).
You are focusing on the naira billions you are seeing rather than compare the labor competitiveness. Same local labor that steal from their employers. Go read the industrialization of America and see the thousands of people that died to make it possible. People died in coal mines, in factories etc. To be clear, I am not advocating for low wages, all I am saying is that economics is self regulating. Wages will grow naturally as productivity and demand for labor increase (See China for example).
You socialists will think you are helping the country, but in your wanton desire for immediate wage growth without commensurate increase in productivity. You are destroying the economy and pointing fingers at others.

Ogun state receives one of the lowest in the country. Yet pays so much in VAT.
The sharing formula is a scam.

BTW, the South south states of Akwa Ibom, Delta, Bayelsa and Rivers are cashing out big big. I hope they hold their Governors to account.

LandMann:


Fucking moronic capitalist!

America is a capitalist society and there are contract jobs in America. What is the minimum wage for contract workers in America compared to Nigeria?

Why are Americans not running away from their country to come do contract work in Nigeria since it's so appealing to you slowpoke?

The North star of businesses is productivity.
You only see the profit, not the capital investment.
If a company is really making humongous profit, they will double down on expansion and increase capacity. You don't need to tell them to increase staff salary as that will naturally happen so they can be competitive in the labor market.

It's socialists like you that got us into the trouble we are in as a nation. Thinking printing money or increasing wages leads to better lives. It only increases inflation. What everyone should be concerned about is productivity.

LandMann:
See the humongous profit they declare year in year out yet the workers work like slaves in their plantation and production plants.

Obasanjo should be cursed everyday for instituting contract jobs in Nigeria.

This is what is killing the brains of young Nigerians everyday and also fueling brain drain. How can you be working like a slave in your own fatherland while the government is busy looting and padding budget?

Fucking socialist. Contract jobs are available and legal in every country on the world.

Good move.
Everyone who was involved in the Emefiele era should be fired. Their regime printed 23trillion and destroyed the value of the Naira.
They are the cause of todays problems- naira devaluation and inflation.

Quite shameful. We citizens also need to play our part to report/take video of illegitimate actions.
Video serves are evidence and means for law enforcement to track down the culprits.

Nice move by Mr President. You've got to know when to hold 'em, know when to fold 'em, Know when to walk away, know when to run.
Mo'ja, mo'sa lan ba akinkanju.

Zooposki:
Nigeria should increase her base salary. Seems other West Africans have more purchasing power than us, since they find our produce cheap.

Increasing money/salary is not what makes things affordable. The price will be even higher if salaries are increased.
What we need is more supply. More production of food. More people going into agriculture and using industrial equipments like tractors.

As usual, paid writers looking to incite the people's emotions against the government and steal public funds.
If you have the documentation for your $2.4B, present it to the central bank.

essentialone:


Why will the peg not be sustainable?

Because we don’t have enough dollars to defend the peg. We didn’t have enough dollars under Buhari too but the rates were stubbornly pegged and that’s why we still have huge backlogs the CBN is currently trying to clear.

essentialone:
Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

Is this a joke? Everyone will simply sell of their naira for dollar at 500.
We are unable to sustain 1500/$ but you want 500/$. Everyone will quickly speculate, I’ll sell off all my naira investments and hold dollar cos I know the peg won’t be sustainable.

People will love this but it will cause a problem in the long term. There is no increase in supply of food. Just using government money to buy in bulk and drive prices up for other states.
Subsidies are simply not sustainable. A sustainable move will be to use that money for mechanized farming that will employ people, produce more food and naturally reduce food prices (due to increased supply).

ONLY increase in supply of food will reduce prices.

We are unable to plant enough maize to meet the country's demand. Shouldn't that mean we need large-scale industrial farming and more people need to go back to the farms

Entered Nigeria from Manchester recently (2024) with my expired passport.
No issues except that I couldn't check in online with Egypt air.

At MMIA:
Immigration: Are you aware your passport is expired.
Me: Yes, I will renew it while being here.
Immigration: Alright, you can go.
Me: Thanks.

No Naira spent. No one asked me for a Kobo at the airport.
I took Uber to the train station and connected my destination. Easy peasy.

c

ositadima1:


I think politics is also a consideration in the choice of who to buy from. Why buy from the USA when the USA's WTI is not the cheapest? I think Russian crude is cheaper than the USA's WTI. There are other better sources too.

I am happy that soon there will be competition. By then, the market will be forced to overcome all these politics at the expense of the masses.

Look at the map. Russia is too far and tankers will have to sail the cape of good hope. Logistics is too much.
One thing to be sure of. When private capital (not government o) makes decisions, they’ve considered all options and will likely chose what’s best for their business.

vibesdot001:
US market is suffering because of Blackrock, Vanguard and their likes because of Manipulation and Shorting. I hope they won't influence our market negatively.

How is the US market suffering because of Blackrock etc? Please explain.

The decision to relocate the FAAN corporate headquarters from Abuja to Lagos, as explained in this press release, appears to be a well-considered and practical move. The reasons provided, including the lack of office space in Abuja, the cost implications of duty tour allowance, and the need to manage resources efficiently, demonstrate a commitment to responsible and transparent governance.

The assurance that the Authority will continue to act in the best interest of the public and the country, as well as the commitment to building befitting corporate offices in both Lagos and Abuja, further emphasizes a forward-thinking approach. The consideration of operational efficiency and cost-effectiveness aligns with responsible stewardship of public funds.

It's encouraging to see a focus on the long-term plan.

4tunebest:
Please for anyone I hurt through my initial post this morning, I won't be able to respond directly to your mentions. I sincerely apologize for hurting your sensitivity. It wasn't my intention. I made the post based on the understanding of the scriptures that says it is God who gives the power to make wealth. I didn't know humans on this platform also give the power to make wealth after giving investment advise. I am still a young girl in my thirties and I know you all are more experienced. I only stated what is working for me while also acknowledging the effort of the gurus here

In your earlier post, you said "Deep calls unto the deep". Such obscure phrases are an attempt to appear knowledgeable. Religious people use it to create an impression of depth without providing any clear or meaningful contribution to the conversation. Just thought to point that out.

Many people here are religious, but we must not drown an objective discussion forum with God sentiments.

Donbrig:
Nigeria's equity market seems to be the most baffling amongst other countries, Naija companies will be recording gains and you that invested your money with them will be recording losses, my country people, na how dem dey do the magic?

EFCC went to Dangote's head office, on a norm, Dangote's shares is supposed to drop a bit, even if it is just for a day or two, as it could have happened in other climes, but nothing of such happened in my country. Instead, some lawmakers were busy saying it is very wrong for EFCC to investigate a whole Dangote, and such action could affect our economy.

Why should DangSugar or DangCem drop. Those stocks have good fundamentals and have been heavily undervalued for years. Ignore those nonsense twitter tweets wanting it to drop. I was even waiting to buy more. The equity valuation of Nigerian companies have been suppressed for a long time by the market.

NomzyJust:


You can travel. I left London two months ago with expired passport. I flew Egyptair. You do not need ETC; it's waste of money. When you get to Nigeria, no immigration can harass you over it. You're good to go.

I'm trying to book on EgyptAir website now and it's not accepting. my Nigerian passport. Boss, please what website did you book from.
I'm going to Lagos from London.

Privatisation was not properly done.
The TCN which is a major player is still owned by the government and run inefficiently.
The major problem however, is that the market is not allowed to dictate the prices that electricity is traded at.

Streetinvestor2:
Greedy ke,lol.I am waiting for them .I hope to still reinvest it in sugar next yr before any major news.The rice will add serious value to the company because it is essential in the present population. And food is basic necessity. I pray the production capacity will be high and have good security

Bought some DangSugar earlier.
Rice investments in Nigeria are not looking as attractive anymore since ban on rice imports have now been removed.