₦airaland Forum

nairalanda1:
We are just paying the price for not being a manufacturing exporter since independence.

One thing I keep harping on this site, is that we have never had good leadership in this country, because the model on which they work is that of a resource dependent nation. The problem with that is simple...you are basically hooking your economy to the price of whatever resource you have. Result is boom and bust.

China thought they could live on resources, till their population grew too much for the resources to sustain them. SO, using their brain was the next best thing. Today, they have gone from having a gdp that was behind many African countries in 1973 to being a major exporter, and leading nation in 2023 (They haven't hacked the poverty thing yet, but that's another story).

Nigeria's population has outstripped the abiltyof our resources to sustain it. Since 1960 even that has happened. But we got decieved into thinking that selling the resources and equitably sharing them would solve all our problems. SO long as the need for foreign stuff was confined to the tiny middle class and upper class it was ok. Now, everyone wants foreign stuff. Phones are now within the reach of the poor for the first time since they were invented for example. Computers, which in 1971 existed only in our universites, are now everywhere...and here is the thing we don't make them. A large chunk of our forex is already gone. NO looting, no stealing nothing.

Yes, corruption is a serious problem. What most of us don;t get is why it is a serious problem. The stealing that is happening is happening from a tiny pot. LIke take our education budget. It's about 1.5 trillion naira. That's about a billion dollars. It is enough to pay...for the needs of a single county education needs in the USA. With a populaiton that may not reach 1 million people. And that is before stealing. And MOST OF US PEOPLE Here expect us to use 1 billion dollars to make universites worth 22 billion or more dollars...in value.

It's magical thinking.

If we split this country, the same issues are going to face us, because most NIgerians expect us to somehow use N400 to build something worth 400 billion naira. That is why we drive ourselves into debt, and why we are not serious at all.

We better wake up and take the hard road to industrial development, or forever be IMF slaves. We better remove subsides now, and let the free market do its thing for power and petrol and so forth, or we will never get off the debt trap.

Yeah, and abusing me and calling me names won't change that fact.

allabouttolu:
I've gotten the details from the link but I don't know how to proceed

emmasoft:
For any shares to be sold, it must first be dematerialized - the process of converting your holdings in a company into an electronic form.

The first thing to do is open a cscs/stock account and then submit your certificate to the stockbroker who then process it through the registrar and it will be domiciled into your cscs account; with your shares in cscs, you can issue a sale order to your broker to sell and in 3 days you get your cash into your bank account or you can do the selling yourself for a stockbroking firm that has an online trading platform.

Click the link on my signature to open a cscs/stock account for free with Investment One.
You can call/chat me with the number on my signature if you need further clarification

Mcy56:
Morgan used to respond as fast as you can imagine. Check the mail you sent and be sure you didn't make mistake.
Anyway, you can send mail to :
info@morgancapitalgroup.com

freeman67:
Personally, I use Morgan Capital Securities Limited as my broker and they are fine by me. Investment One, Meristem, United Capital, Stanbic IBTC Stock Brokers etc are also well talked about here. So you can look them up check whichever one feel comfortable with.

allabouttolu:
Guys so today, I was talking to my dad about how I want to start buying stocks and how I'm still learning about the stock market and he told me about how he bought shares in zenith around 2009 and he collected around 5000 naira as dividend that time through post office and then he goes to the bank to collect the money but I think he stopped and forgot about the stock he bought because according to him he had to go through so much stress for 5000 naira. So I'm sure buy now the money would have increased a lot but we don't know how to access it.

ositadima1:
I don't think you can with a website. But if you want to know if she had other stocks. This works if she was not registered for e-dividend:

http://sec.gov.ng/non-mandated/

Or if you have her details you can register as her at cscs

Utalinmou:
😂😂😂😂

Utalinmou:
This market is tiring. You'll place a buy order at the current price yet nothing.

I want to ask, must there be a seller before your buy order can be executed or can it be traded from outstanding shares of the company

Agbalowomeri:
In Morocco, erection is guaranteed 😂

Agbalowomeri:
Abeg make someone come collect the calculus from my hand and give me money 😂

Agbalowomeri:
Baba don carry calculus enter 😂

Agbalowomeri:
Baba don carry calculus enter 😂

Adinije:
I'm glad you said there are 1000 ways to kill a bird.

Maybe u can leave sarcasm, and share your own hunting method.

ojesymsym:
I personally do not think that those so called yahoo boys are hyper tech smart like that. The major loop holes they look for are the ones made by the owner of the account rather than been able to hack the bank system itself. That guy non be like who even know about chat GPT not to talk of being able to make API calls.

There is no way in this world that that guy in that video will understand lesson 1 in ethical hacking not to talk of becoming a hacker. The truth is that Nigeria is one of the few places in the world with the most access to your account remotely and being able to do the level of transaction outside the banking hall as we are able to do here .

So banks usually have to joggle with letting you have as much remote access as you want and still devising ways to ensure that only you or a person you willingly or otherwise allow to access your account.

They use security layers like 'what only you should know' eg password, BVN, date of birth, 'What only you should have' eg token and then another banks like GTB put another secure question for transfers different from login password to your internet banking.

However, I have heard stories of people looking at their ATM and their token in their front like this and money zapping out from their account, na those ones I never understand but I am convinced that these kind of guys in that video and many of them fronting software, software (which I believe is a database they have been collecting for a while) do not know any IT jack.

The real hackers na eastern Europe, Russia and China them de

casualobserver:
Nigeria’s GDP per capita is approximately $2,000. That means the output of the average Nigerian worker is only N3m a year. This is not the lowest worker, this is the average of all workers from cleaner to CEO, meaning the output of the minimum wage worker is a lot less than 3m a year.

Yet this same Nigerian worker wants to earn N600k a month or N7m as a minimum wage. He wants to earn more than his output. No be JUju be that?

The problem with Nigeria is our workers are very unproductive.

In the us the GDP per capita is $70k therefore it makes sense that the minimum wage is $15k.

In the UK GDP per capita is $40,000, minimum wage is $15,700 p.a.

Nigerian workers want to earn more than their output but more than the average output. The Nigerian worker has no business asking for more than N80k per week as a minimum wage based on his output. I understand living conditions but the figures don’t lie. The Nigeria. Worker does not have a productivity level to justify anything above N80k a month minimum wage. It’s actually scary how unproductive our workers are and how inefficient our economy is.

lionshare:
As an investor I will blame okomu-oil management; its their job to manage the community and her expectations! They must keep all parties in the negotiation room & end all hostilities. If at all there will be any news its must be a Good news for investors

megawealth01:
This OKOMU issue is a long tale ooooooo


Host communities accuse Edo Govt of enslaving them to Okomu Oil

https://www.google.com/amp/s/pmnewsnigeria.com/2021/01/31/host-communities-accuse-edo-govt-of-enslaving-them-to-okomu-oil/%3famp=1

Edo communities tackle oil firm over poor treatment

https://www.google.com/amp/s/punchng.com/edo-communities-tackle-oil-firm-over-poor-treatment/%3famp

megawealth01:
That's why sometimes some persons ignore questions asked here

Raider76:
Thanks a lot. This kind of factual response is useful.

Utalinmou:
This answer cleared out the questions and other questions I thought

eziokwunwoko:
Please provide more information on the below post

SonofElElyonRet:
N40m p.a. for non executive director

KarlTom:
I'm just hearing this theory (the bolded) for the first time.
Kindly shed more light on it. Who is responsible for the 'drop' in price?