₦airaland Forum

emmaBS:
In other words, Iran should be allowed to hold the world to ransom?

A regional power ni. If not for Trump taking pity on them, they would have been reduced to rubble.

My friend, the U.S. does not act out of pity. I have never seen a situation where the U.S. acted out of pity. If they attack you, it is clear they have an objective they want to achieve.

The U.S. has tried to subdue Iran during the three-month war, but it couldn't achieve its objective. The only option left would be to use nuclear weapons against Iran and wipe them out. If they did that, the consequences for the U.S. would be enormous.

So, my friend, it is not out of pity. They simply cannot bend Iran to their will without doing the very thing they accuse Iran of wanting to do. It is that simple.

emmaBS:
In other words, Iran should be allowed to hold the world to ransom?

A regional power ni. If not for Trump taking pity on them, they would have been reduced to rubble.

Would any country accept being attacked at will?

The same countries that possess nuclear weapons attacked Iran when Iran did not even have them.

Would Nigeria accept the same treatment from Ghana? Be honest with yourself.

mikeapollo:
Have you asked yourself why the 3 ships were attacked by Iran on Monday? Before US bombed them yesterday?
The ships were attacked by Iran because they did not pass through the specific route that Iran demanded they must pass through, so they can toll them.
The Strait is about 35km wide; wide enough to have different ''sides'' depending on how close a side is to the continental shelf of particular country. Iran is not the only country in that area and the Strait actually separates Iran from other neigbhouring countries (UAE, Oman). So there will always be ''other side''..

Ok, 35 km. Thanks.

Now, the ships were attacked because Iran made it very clear that every ship passing through the Strait of Hormuz must do so on Iran's terms, which, the U.S. acknowledged in the 12-point ceasefire agreement.

Before the U.S. and Israel jointly decided to attack Iran in the middle of nuclear talks, the Strait of Hormuz was open to free navigation.

Iran clearly stated that it did not have nuclear weapons but insisted on continuing its nuclear program for civilian purposes.

But, the U.S. and Israel attacked. Their position was that Iran should not possess nuclear weapons, even while negotiations were still ongoing.

In retaliation for the attacks and heavy bombing, Iran decided to assert control over the Strait of Hormuz and threaten to close it. After all, the U.S. has sanctioned Iranian crude oil for more than 30 years.

I don't see how Iran is wrong here. In the same situation, you would probably have done the same.

mikeapollo:
It is pure madness for Iran to insist that ships passing through the Strait must pass through their side so they can toll it. That is why they attacked the 3 ships passing through Oman's continental shelf.
It is Trump's worry about oil price hike that has been the saving grace for Iran, and they are now using the opportunity to flex muscle to be seen as ''strong'' ond ''powerful''.
Netanyahu is not like Trump that cares or worries about the price of crude oil.

There is no "other side" in the Strait of Hormuz. The waterway lies between the coasts of Iran and Oman. It is not an open sea; at its narrowest point, it is only about 12 km wide, if I remember correctly. The U.S., which is thousands of kilometers away, has no right to dictate what happens there.

In the same way, the U.S. dictates what enters Cuba by sea. Why is it considered acceptable for the U.S. to control what passes through waters near Cuba? Do you know that Cuba has been under a U.S. blockade, yet you never come here to complain about it? Why?

Dey play.

emmaodet:
AI bubble? does it mean the expected breakthrough from AI that will also generate the massive profit is not coming any time soon?

Moreover, how many more petrol dollars do the US need more to keep floating?
They have the GCC - Saudi, Qatar, UAE, Oman, Bahrain in their pockets, they have been stealing syria oils for years and finally added them, they now have Venezuela and so many other countries. Likewise Iraq.
So how many more countries oil do they need to keep afloat?
How many more countries do they need to bomb?
Lybia oil is under their control too
When will this greed stop?
How many more countries needs to be bombed, colonized to be under their control just to keep their economy afloat?

I don't know about Libya and Venezuela, but the GCC countries are in question. Remember that much of that oil is shipped through the Strait of Hormuz, which Iran has vowed to control (collecting tolls for safe passage). Iraqi oil is not controlled by the U.S. In fact, just as the U.S. failed in Afghanistan, Iraq is a similar case. By defying the U.S., Iran is rapidly turning into a regional power. As we speak, U.S. bases in those countries are being attacked an destroyed, and the U.S. is losing its grip. Read between the lines.

Regarding AI, it is costing the U.S. billions in funding and the day-to-day operation of AI data centers. Almost all of them are not generating enough revenue to cover huge costs. To make matters worse, China is producing AI models that are almost on par with the U.S.'s, available for free if you can run them yourself, or at a very low cost if you want to use them online. You know what that means, even less revenue.

The question is not when a major breakthrough will happen; the question is sustainability. How long can investors keep pouring money into AI, hoping to earn returns someday?

megawealth01:
A world that two nations determine activities especially in FINANCE 😔

I said it here that the war will resume when some people were jubilating, lol. You need to read between the lines to see what is happening. The USA will not back down, not just because of shame and hubris, but also because they need the petrodollars.

It is a fight for survival for the USA as much as it is for Iran.

The AI bubble is loading, and they need the petrodollar to keep the funding flowing.

Agbalowomeri:
Meaning the recovery is fake

More woundjurement incoming

Not really. That is actually how the NGX operates. On roughly 70%–80% of trading days, just five stocks account for more than 50% of the total value traded. The NGX is highly concentrated in stocks like ARADEL, ZENITHBANK, MTNN, and GTCO.

I pulled data covering the last 150 trading days (and I can go back even further with my dataset) and ran a Python script. You can independently verify it as well.

This suggests that if you have very large amounts of capital, these stocks can absorb your orders much more easily. That said, I don't think they are particularly volatile, but I'll check that later.

kintus:
Zenith traded value is something else....what is happening there?

Are you just noticing? For the past 2–3 days, it has been the highest-traded stock by value, accounting for more than 20% of the market's traded value each day.

In fact, over the last three days, just five stocks have accounted for more than 65% of the total value traded. The current market is highly concentrated in a handful of stocks.

Streetinvestor2:
I will never use sch as a business man.I know majority of what takes SE to lagos is never sch.I will say they even have better affordable schools in SE than lagos. So it is market arrangement I will use for the population. And that is why the market arrangement is always the place to attack to settle political scores against SE.
It is either they are closing this market or bulldozing the structures in the market.

No need to say much. If you start speaking Igbo to a random person in Lagos, you're more likely to get a response in Igbo than if you speak Yoruba to a random person anywhere in the South East or South South. That's a fact.

Streetinvestor2:
Out of 10 SE you meet.How many have you seen moving to lagos because of sch or to go sch
Just like the yeye 55 million and 19 million shit you have been talking since morning..

Lol, the guy really likes that 55 million. First it's 55 million people, now it's 55 million in revenue from the old South West. 😂

faoogoke:
They will tell you it affects the stock market. I ask which part of their political opinion affects the market.
Very annoying.

Lamenting doesn't help. Do something about it, or, if you can't, ignore it.

As Street would say, I don't see you contributing here very often. Some of the people you're lamenting about contribute far more than you do.

If you're always taking from the wisdom of others without making a commensurate contribution, you should be humble.

lawani:
The figure for the SE also includes Yoruba, Hausa, Ijaw, Igala and all others. The people on your land are your people and Nigeria is a federal republic, a union of states

That is correct. I was only trying to correct your impression that the Yoruba should have the upper hand because of census figures or the location of Nigerian-owned institutions. That is all.

lawani:
Well if you add VAT, CIT and customs then half of federal revenue is coming from Yoruba land in the SW apart from the SS and the NC and if it were a company, they would take half of the board seats and a nation should be operated like a company because that is the only fair way

Again, that's not correct. VAT, CIT, and customs revenue serve the whole of Nigeria, not just the South West, even though the institutions are located there. Therefore, no, the Yoruba would not be entitled to half of the board seats unless you want to decentralize these institutions and allow each region to operate its own. I don't think the Yoruba buy more goods than the rest of Nigeria.

lawani:
Sincerely why do you think the SW of 55 million people should not have three times the appointment of the SE of 19 million people? Is it because the SE is feeding the SW?

The problem is that the SW and SE are geographical regions, not ethnic groups. A census measures people living in a geographic location, not their ethnicity. Therefore, if the figure of 55 million is correct, it includes Hausa, Igbo, Yoruba, and people from other ethnic groups living in that region. If a census were conducted based on ethnicity rather than place of residence, it is possible that the Igbo population could outnumber the Yoruba population.

Many futures are possible, but some are much more likely than others.

...

searchng4love:
I hear you.... When it's sold off, I'll be on the buying side. Until then got no farthing to spend on a technical insolvent, negative equity and deranged management company.

You buy a property worth ₦100 million with a ₦90 million bank loan. You put in ₦10 million of your own money. Your equity is ₦10 million.

But the interest on the loan keeps adding up. Every year you don't pay it off completely, the bank adds more to what you owe. After a few years, your ₦90 million loan has grown to ₦130 million because of interest.

Today, the property could generate ₦300 million in rental income or maybe more over its lifetime.

But on your balance sheet, the property is still recorded at ₦100 million (what you originally paid). The loan is now ₦130 million (what you owe). Your equity is now -₦30 million.

Streetinvestor2:
No wahala since it won't be you buying it as you no get shishi

Don't be deceived by some of the names here into selling at a loss. The recovery will likely be sudden.

Look closely: some of these stocks are being pushed down with very little money. FIRSTHOLDCO is down today about 7% with only around ₦300 million traded, while WAPCO is down today about 6% with only about ₦150 million traded.

It appears that relatively few sellers are searching lower and lower for exit liquidity, while buyers are reluctant to step back in, possibly because capital is being diverted elsewhere. When that money returns, no one will announce it in advance, unless we can figure out where capital is flowing.

I foresee a rapid recovery in some of these stocks once money starts flowing back into the market.

Itzlinda:


But it's not as though this hasn't happened before. Zenith Bank has returned to test its 50-week moving average every single year over the past five years, so this is nothing new.

The good thing is that moving averages are dynamic they keep rising over time. The market may simply trade sideways between 95 and 105 until the 50-week moving average catches up.

So, why is this happening? If you can explain it, not just describe it, but explain why the stock behaves that way, then you have a money-printing business.

Oasisblue:
The frustrating thing is, one deoesnt really knwo the cause of the slide. Companies are making good profits and there is no epidemic.

I think prices are falling because the available buy liquidity is too low to absorb the sellers. I don't think there is more selling liquidity than before; rather, buyers are simply not matching the sellers. That's the problem with relying on fundamentals in the short term: they often overlook the fact that sellers exist in both bull and bear markets.

The big question is: why is there a shortage of new money flowing into the market? Is it being diverted to other purposes?

On 13 May, FIRSTHOLDCO recorded over ₦44 billion in trades and closed at around ₦71 per share. Every trade involves both a buyer and a seller, meaning that some investors are collectively sitting on an unrealized loss of about ₦7 billion today. On Friday, when the share price was around ₦55, that loss was closer to ₦12 billion, all in less than two months.

So, being down a couple of million naira feels a lot less annoying when I consider that.

Hmmm.


MTNN

mikeapollo:
Iran first attacked Israel in 2024 by launching about 400 missiles at Israel. They claimed they were retaliating for the death of Hamas' Ishmael Haniyeh who was killed in a bomb blast in Tehran, inside Iran. Israel said at the time that they would respond in a manner and at time that they would decide. So Iran brought the war unto itself.
Sponsoring and supplying weapons to Hezbollah (a non-state, terrorist organization) to attack to Israel is enough grounds for Israel to attack them.
Israel does not give a damn about the Strait of Hormuz.
It is Donald Trump that does not want the price of crude oil to climb too high, that is why he wants the Strait open.

No, you are wrong. Iran attacked Israel in April 2024, several days after the 1 April 2024 strike on the Iranian consulate building in Damascus, Syria, which killed several senior Iranian officers, including high-ranking IRGC commanders.

If you can't get this one fact right, how many of the things you know and think are right are actually wrong? Just food for thought.

mikeapollo:
Israel says they are not bound by whatever Agreeent Iran has with US. For there to be peace in Lebanon, it must involve the parties to the conflict. Is Iran a party to the conflict in Lebanon? Answer that question.

If Israel keeps destroying Lebanon, then Iran keeps the Strait closed. If that is not enough, it activates the Houthis and disrupts the other route through the Red Sea. If the situation worsens, Iran starts launching direct attacks on Israel, and the war continues. It is as simple as that.

Whether Israel is part of the deal at this point does not matter. Iran has taken its stand.

Iran is arguably stronger now, thanks to the unjustified attack by the U.S. and Israel in February. I asked you before: what did Iran do to Israel or the U.S. that caused them to attack first? You could not answer.

Do countries simply wake up and attack another country because they think it might be building nuclear weapons?

The U.S. is taken heavy blows(economically and physically), and that is the only plausible reason it now wants peace. It was not like this during Iraq or Afghanistan. Something clearly shook the Americans.

So, my friend, the war continues.

Raider76:
It will go back up to 60 tomorrow. That 55 was a cross made at close of trading. They had to clear all bids above them on the table before they can execute the trade. That is why some lucky people got to buy at 55 also.

I don't think you read that very well. It only traded ₦578 million on Friday, and it actually averages more than twice that amount. The day before, it traded over ₦7 billion.

I don't think it closed at ₦55 because a cross deal wanted to push the price down that Friday. I think it was more likely due to a few secondary reasons:

1. There were not enough buyers that Friday.
2. Sellers were more aggressive and willing to accept lower prices.
3. Just general bad market.

But I'm not saying it won't recover.

mikeapollo:
Your bias against Israel is lengendary and shocking!
Was Iseael a party to the so called Agreement?

The U.S. and Israel jointly attacked Iran first in February, with the U.S. leading the operation. It was a joint campaign, so any peace agreement negotiated by the U.S. should bind both countries; otherwise, no peace, and the war continues. You can fact-check this.

mikeapollo:
Is Iran the "supervisor" or "manager" of Lebanon, a sovereign state?

You can ask the Iranians.

What I know as a fact is that it is the first point in the 14-point agreement signed by the U.S. and Iran for peace and the reopening of the Strait of Hormuz. Once again, you can fact-check it.

mikeapollo:
Why must Israel comply with a deal they were not part of and did not sign?

I have already answered this.

mikeapollo:
And who appointed Iran as "spokesperson" to determine what happens in Lebanon because Iran wants Lebanon to be a safe haven for Hezbollah to launch attacks on Israel?Did Iran demand that Hezbollah must stop its attacks on Israel?

Iran appointed itself as the "spokesperson," or whatever that means, in the same way that the U.S. and Israel jointly decided to attack Iran. Therefore, attacking southern Lebanon is a red line for Iran and a condition for peace and the reopening of the straits. You can fact-check that as well.

mikeapollo:
Why are you thinking "one way" just like these terrorists who have vowed to destroy Israel by all means and at all costs? My8

Maybe you should ask yourself the same question.

zendi:
Iran has denied this... Try something else grin

It is never clear who is "Iran". grin

1 Pragmatic Technocrats trying to make Peace with Trump.
2 The Theocratic Zealots (Supreme Leader and other Ayatollahs).
3 Islamic Revolutionary Guard Corps (IRGC), the elite military force.

It is not always clear who speaks for Iran.

Israel is breaking the first point of the deal agreement. What should Iran have done? Why should Trump sign something he cannot deliver?

The blockade is back anyway. If Trump wants, he can bring it down by force(I dont think they can though); the ball is now in his court.

Megapower:
Nuclear enrichment to weapon grade

You must be joking, right? Where is the evidence that Iran was enriching uranium to weapons-grade levels? Can you share that evidence?

There is absolutely none, and I understand how difficult it is for some people to accept that. There was no reason for the United States to attack Iran this time, none at all.

mikeapollo:
Advice taken!

mikeapollo:
You are not aware many American soldiers and citizens have been killed in terror attacks sponsored and masterminded by Iran?
Just try do a little research?
''Death to America'', ''Death to Israel'' is an official slogan in the Ayatollah's parliament!

The US would have found a way to apply more sanctions and/or attack on Iran long ago, but the dynamics changed a bit with Obama and Biden (Democrats) coming to power.

Let's not get into a very long argument. What exactly did Iran do to the United States that led the U.S. to attack Iran this time, the current war we are discussing? Please list the actions Iran took and provide sources. I want to learn from you.

In fact, the reason the U.S. finds it difficult to put boots on the ground and accept those losses is that the United States was never directly threatened. The U.S. is thousands of kilometres away from the Middle East. This is all about Israel, and it would be difficult to explain heavy casualties to the American people.

To this day, I am still not sure what Iran did directly to the United States that would justify the U.S. attacking Iran in the first place.