₦airaland Forum

emmasoft:
Your stockbroker don't have anything to do with your dividend. The dividend issues is between you the investor, the company that declared it and the registrar of the company.
You must complete and submit the e-mandate form to your bank or the registrar otherwise your dividend will not be paid but kept in the custody of the registrar for 12 years. If after that you still didn't come to claim your dividend, it will be returned back to the company that declared it. This is what is obtainable as at this moment. Remember this is Nigeria the policy can change. I advice you do the needful and collect your dividend.

Common, not fair o, I answered the guy first nah. You got 2 whole likes and me zero, not fair.

steveneche:
Experts in the house permit me to ask, am a newbie..
What happens to my dividend if I don't fill my e-dividend mandate form.. will the dividend be paid to my brokage account or what? I recently bought some MTN shares.

As I understand it, the dividend will stay with the company's registrar untill that time when you complete ur e-dividend mandate. Though, CSCS will keep track of it as well.

missjekyll:
You think it's easy to leave a job? It certainly is not. Leave your job tomorrow. They will have someone new in a month. You can just try it as an academic exercise.

If every employee in ur office leave their job(stay at home) cos of nonpayment of salaries I bet you that management will quickly rectify the problem.

It is the only way we protect our selves, acting together for the common good, all this individual complaints is getting boring. That is why we are been taking for a ride by d few.

ojesymsym:
That should spurn the state to look inward and find a way to increase their IGR.
Most of those money we are told was spent on infrastructure although not money generating infrastructure. Osun is a state suitable for a lot of agriculture, agroalied and processing of Agric products. They should forget abuja money for now and look inward.

Where is that man called Nigeriansaredumb. They owe you 2, 3, 4, 5, 6 months, u still dey go work. Who is to blame in this case? That is why these governors do owe salaries nah.

If every one conserned sits at home, will the governor be able to run all their jobs by himself? Will d governor be able to replace every one? If someone can easily be replaced that means his job brings no value in d first place. I tire for my people.

ahiboilandgas:
Our dollars debt is around 80bn dollars while reserves are 34 bn dollars .....we are in already in negative territories similar to Lebanon

Do you have any idea howmuch is Nigerias yearly free cash flow, I mean net annual income minus maintenance expenses (like salaries and not roads). Cos if our free cash flow can pay d debts in about 3 years or less then it is not much of a problem. I assume.

Worst case, we stop any developmental activities for 3 years and liquidate d debts.

Some people will be doubling there investment by the middle of next year.

seyisanya:
Of all investment vehicles, Crypto? Wow!

Well, I wish you well in your newly found love. By the way, I've noticed your pattern of response here about ''making money'' - indirectly referring to others not making the kind of money you make - I laugh in swahili. Kindly note that people who make real money don't show off with numbers online. It's the audio guys that always try to prove a point by all means.

Anyway, like Dr. Ukay always says, we're all making money this year.

Once again, I wish you well!

True, if you bought Zenith at 10.7 earlier this year, you would be sitting on 58% right now, and counting.

Dangote Cement revenue has been growing by an average of 16% year after year for the last 5 years, but their EPS does about 2% on average. It seems dey are not that efficient. I though they had moat in the industry.

I have been reading Rule #1 by Phil Town and I am finding it very interesting. Trying to wrap my head around the CDF calculations, mad o.

Mcy56:
E Ku Market o.

U no see Mcy and u no ask.....even though Mcy is aware of having e.nemi.es here but it's good to know I don't have friend(s) too. It's all well and good.....at least I still have fee that ask questions and mention me.....

What happened nah, u travel?

Ok, I was trying to run a simulation on zenith and realized that they had negative 454 billion free cash flow in 2015 followed by another negative 3.5 billion cash flow in 2016. Gurus in the house, is this correct ? I know that despite the negatives, dividends were paid.

Tochex101:
So how is the best way for the populace to air their greivances.....

Look, I don't claim to know the best way. I assume a protest should be focused on key points, the fewer the better to avoid confusion. Location matters too.

Olaide1295:
No, this is not true.
Not everyone can physically join the protest. Some people will contribute financially, others morally.
Protesters peacefully demand for a better government and it's shameful that you mention terrorists in the same sentence.
I was in Somolu last week and i literally saw people living in poor conditions. For how long can Nigeria continue like this.
We hear 100M people are living in poverty, imagine a stadium is filled with 5000 people. Then picture 100M people and try to remember that each one of those are human beings (not just number)

Our Nation is in trouble, We need people (You and I) to Stand up and encourage others. We need a revolution.

There is nothing wrong with a peaceful protest, what is bad is the language. No government will tolerate a bunch of people chanting revolution on the streets. No government anywhere will take it lightly. Yes we need change, but we should endeavor to communicate our grievances properly.

If you are in doubt here is the meaning as culled from Wikipedia:
"In political science, a revolution ( Latin: revolutio, "a turn around" ) is a fundamental and relatively sudden change in political power and political organization which occurs when the population revolts against the government, typically due to perceived oppression (political, social, economic) or political incompetence."

chibjohn:
Attached

Thanks man, I appreciate.

.

gaeul:
To whom brain is given, sense is expected..must everyone be a noisemaker to show they are regular...you guys should go open a thread for your gibberish and leave our TB thread alone...

Ok, do something about it if you can or crawl back under your rock.

chibjohn:
Flour Mills Analysis...

Can u please attach d spreadsheet.

OBAGADAFFI:
FBN

FBN no too try.

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

You come here to talk rubbish. I have been on this thread for years now, ur moniker is not even a regular.

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

What is this nonsense?

CsRockefeller:
You provide the services before you tax the citizens, that's how it's done not the other way round.

Now tell me, what has the Govt provided to warrant these taxes?

You want to tax me for the land I bought, sand filled, dug bore hole, bought a pole and wired my house, graded d road, provided a security at the gate?

You are correct, the current government is not run by very smart people. We need people with ideas, problem solvers as leaders.

maishai:
This can never work................I use a prepaid meter in my current house and my pumping machine AC and Feeezer is not on it (fine=50k) and i Paid the fine once and became friends with the officials as they just pocketed the fine for themselves(they have no idea of Electrical wiring), now the bulk of other residences do the same and many are into ICE-BLOCK business, they hardly collect money from indigines that see the light as their share of the national cake.......................



From my level magnify it to a national scale.........................PREPAID CAN NEVER Work in Present day Nigeria................. I dont know of tommorrow

That is d inefficiency I was talking about, bypassing your meter is a very small issue that can easily be resolved by the authorities.

The problem is that they lack such incentives to deal with people like u and their rogue officials because they collect subsidies and estimated bill from other users.

Once prepaid meters are in place for everyone as it should be and the DISCOs revenue depends solely on d prepaid users, I promise you that they will be strict and sit up. It is business afterall.

By the way it is very easy to spot illegal connections, placing a general meter on every transformer and compare values with subtotal from all the houses fed from it. Also, using steep punishment like jail time for defaulters.

ahiboilandgas:
do u know over 30m lines harldy recharge 100 naira permonth...this was what was planned by federal govt to harvest the list of the poor and vulnerable......the telco revenues are generated by less than 50 percent of line holders

I doubt that. Calls are cheap. Actually, you save money and time by making calls.

ultron12345:
Even major inter-state roads can be given to private companies to construct and operate. In other countries, you'll see so so road is owned 35% by this company, 25% by that company, 15% by that equity fund etc In other countries, when traveling by road, you always budget for tolls. But in Nigeria, it's all free. I rather drive on good, smooth, safe roads and pay tolls than to drive on death traps where container can fall on head for free.

The concept of collecting tolls is so ancient. Road users are taxed indirectly though.

Plus, you have to be clever as leader or else the whole thing will implode on you.

I will rather live in a Nigeria where nothing is free but you get your money's worth in services. That is why obodo oyigbo is d way it is.

emmanuelewumi:
Union is for exploitation in this part of the country. The big Agberos in Lagos go home everyday with between 700k to N1.2 million every day... They finance election of local government chairmen, states house of assembly, house of representative, Senate. They contribute towards election of state governors.

No wonder they are above the law. A medical doctor with about 30 years experience in the United States, had to receive the blessings of a popular Agbero before he could become a member of the house of representative.


Won't be surprised if the Agbero will contest to become a Senator or a governor.


Too bad

This is lost revenue that was supposed to enter Lagos state accounts. Like I said before, we pay taxes, but large chunks get diverted to private pockets.

If the telecoms are doing ok without subsidies and yet everyone, both the wealthy and the poor, patronize them daily why can't other sectors (like electricity, gas and petrol providers) do same?

The government does not need subsidies to encourage development in the power sector. What is needed are good policies and regulations. Already, Nigeria has huge need for power and it's ready to pay for it.

Look at the telecom sector, no subsidy, no government interventions, just regulations and guidelines and yet the sector is booming, posting huge profits year after year. Inside same Naija o.

Even if DISCOs up their tariffs (within reasonable limits), I don't think people would mind as long as they pay for what they use. We have been overpaying for years.

I know there are some unscrupulous people who are bypassing and stealing from the DISCOs. But, it is the DISCOs job to tackle these issues. Again, with prepaid meters and pay as you use idea they will grow the required incentives to be more efficient or perish.

emmanuelewumi:
The DISCOs are not ready to solve any problem, they thought it was a tea party. They don't have the money and competence for the business.

Once the prepaid meters are enforced, DISCOs will turn to real businesses, as such it is either dey innovate, die or get taken over.

ultron12345:
Nigeria is a poor country and cannot afford electricity as a social service. Average capital cost of gas power plants is $1000 per KW. That is $1,000,000 per MW. South Africa with 45Million people generates 45,000MW. If we are to generate similar capacity, that would be $45Bn. Coal power plants have higher capital cost, but less operating costs. Renewable and nuclear power are just too expensive, with much much higher capital costs but less operating costs. I rather that money is put into education, healthcare, security etc

It will be prepaid and everyone will have to adjust to their pocket. Not this current system where even when you're away for a week, you'll leave your fridge and lights on. Fridge don block, but you'll still leave it on. If you're not watching television, you turn it off. If it is 5 days electricity you can afford in a month, you go for it. In the current system, how many people receive up to 5 days (120hrs) in a month.

And by the way, most of the DISCOs are currently running on losses. You can look up their financial reports. Ikeja Electric, BEDC etc

These social services mentality have drained us. Providing fuel as a social service has led to a situation where we now spend more on fuel subsidy than we spend on healthcare and education put together. And due to lack of funds, the two later have collapsed, even when they are more important than the former.

Laws and regulations can be put in place to handle the excesses of the private sector. For example, there can be maximum price caps like it is everywhere else in the world since utility companies are usually monopolies in the areas they serve. But these regulations should also consider the businesses and allow them make a healthy profit to meet their obligations, not to be forcing them to sell below cost price.

About AP-Moller Maersk and the Lagos ports, I believe the problem is that the Lagos ports are running above capacity. AP-Moller is a Danish multinational that manages ports efficiently all over the world, why is the case different only in Lagos. To solve this, Calabar port and more ports should be opened up. Once again, private sector can help here too.

We are not the only country where private sector manages roads, bridges, airports. Let's look at how other countries are managing their excesses and adopt the solutions to our perculiar situation.

I am sorry to say this but it seems you have disconnect from what is currently happening on ground. Most people have been on estimated bills for years. Even when the power supply has been abysmal. Discos are just not effective and wasteful.

The best solution is to enforce prepaid meters to all consumers, you pay for what you use. Only then will these discos be incentivised to up their game.

We need clever people in government that can figure out smart ways of doing things. We need leaders that can leverage technology.

Remember that most 3rd world problems have long been solved by the western world. It wouldn't hurt to look at what the western world does instead of reinventing the wheel. It is obvious our old way of doing things don't work.

Privatization is ok, but the problem we have is that the privatized facilities are being owned indirectly by government officials or people who have links to the government.

This affects the policies and regulations made by the government towards these companies or sectors. E.g. why the government is yet to mandate prepaid meters beats me. Why are the majority of users still on estimated bills, why ?
How can a business provide efficient services when it is sure to collect charges whether they provide d service or not ?

I am telling you guys with confidence that if the government enforces prepaid meters all these discos will sit up and be on the same level as our telecom companies.