₦airaland Forum

No wonder, why most Americans are obese, toomuch food.

"With U.S. agricultural output growing faster than domestic demand for many products, U.S. farmers and agricultural firms have been relying on export markets to sustain prices and revenues. As a result, U.S. agricultural exports have grown steadily over the past quarter century—reaching $177 billion in 2021, up from $66.5 billion in 1996." culled from U.S. Department of Agriculture (USDA) website.

Now, how much does Nigeria realize from agric exports?

Same USA generates more revenue from farming than Nigeria gets from oil and gas. Lol, we no dey try.

Labadi69:
Use your brain think am well. What do you think he wants to use that money for? And who/what do you think put pressure on him to issue the bonds? Yamayama fall on that your bald head there

U keep mentioning me dis bìtch ass nigger, u no go rest? Howmuch do you think it will cost to kickstart a refinery of dat size for the first time?

RayRay06677:
Dangote that is begging for 300b as I type via bond. Refinery is still far away. For interested folks, the bond closes tomorrow 7th, I guess that should be the 2nd this year. Rate is above 15%

How does issuing bonds mean dat refinery is not completed my friend?

Labadi69:
Stop being stupid and listen to the person wey dey close to these deals before yamayama nack that your yellow bald head wey Igbo don scrape finish. Don’t mess with me o

This bìtch ass nigger again, why don't u shut-d-fùck-up and face ur front.

Labadi69:
Who told you Dangote refinery is 100 % completed? Better stop misleading people with trash news before yamayama fall on that your yellow bald head

Shutup ur dirty mouth @Labadi69. Your lazy ass wants me to do your googling for you?

Gerrout here bìtch ass nigger.

zamirikpo:
Impossible, not soo fast alot of economic indices have to fall in place.

1. We have to start refining our own fuel
2. Cut cost of running govt
3. Start exporting other minerals or should I say, start accounting for the other minerals we export
4. Check corruption..........

Number one alone won't happen until after atleast 2years.

Dangote refinery is completed 100% and has started recruiting. It will not only impact Nigeria but also cut Ghana's fuel imports.

Looks like a lot of people are relying on that refinery o.

faoogoke:
You will be surprised that nothing will change. It may even get worse. This is Nigeria!

I don't expect pump prices to change, but I expect a few things:

1. huge savings in forex, maybe some forex income from exports (Mind you I don't know who Dangote's creditors are, so forex outflows for a few years.)
2. Complete or partial removal of fuel subsidy
3. More local cash circulation
4.

what I fear is sabotage from disgruntled importers (their own don be)

CaveAdullam:
1. With the comments here so far, the Nigerian education system needs to be revamped. The replies may seem plausible but it superficial and don't share a hint about why there is exponential growth in the population of poor people.

2. Human consciousness, that is, deliberate thinking has been alleviated due to the advent and spontaneous improvement in science and technology thereby making us think that everything is because of the way we think or act while oblivious to the root of all these behaviour which is: evolution and genetics.

3. The reason why poor people reproduce higher is that they want to have many offspring that will survive to propagate their genes in the genetic pool. Evolution doesn't care about your science and technology. All it cares about is the successful transfer of genes from one generation to another.

4. Because poor people are poor, many of their children will not survive to adult reproductive age, hence, they reproduce at a high rate so that even though many of them don't survive to adulthood there will be few that will pass their genes.

5. Rich people don't bother reproducing at a high rate because they already have the resources that they can use to raise their offspring to adult reproductive age.

6. These behaviors are rooted in evolution, and not just conscious deliberate thinking. It happens in both rich nations and poor nations. All you need do is to take a sample of either the rich or poor in both nations.

7. In poor nations, this evolutionary behavior is then supported by conscious beliefs like:

A. It is God that gives children.
B. Children are God's blessings.
C. Every new child in the family brings prosperity to the family.

The above is a conscious belief that also has to do with low IQ and lack of wisdom. But remember: genes are acting in their best interest subconsciously.

8. So, it is expedient, for humans to become aware of their nature, behaviors, and biology and not only think that it is just our thinking that matters.

9. Yeah, the black community/Africans have the lowest IQ across the different races (you can scream for all I care), hence, their low cognitive ability. But this doesn't mean that progress and prosperity cannot be achieved. We must understand what's making us lag, and take necessary actions to assuage our condition.

10. In summary, to remain in the gene pool, poor people reproduce a higher number of children because they lack the resources to take care of a few. So, they reproduce more with the hope that few will survive. Rich people reproduce less because they have the resources and can take care of the few children and are cocksure about their survival.

Thanks.

The problem with your gene hypothesis is dat our genes have not changed in d last 5000 years or more. Genes don't know what poverty is; poverty/wealth devide is actually a recent concept not more than a few centuries old.

True that the genes push for procreation, but not in d way u are describing it.

AngelicBeing:
Hian, if your prophecy fails or fails to come to fruition next year, l will ban your account from Nairaland.com for 20 years

I operate 20 clandestine accounts

When Dangote refinery, national and modular refineries come on line next year it will drastically reduce pressure on d usd.

Yes USD may rise past 1000 Naira in d short term but in d first or second quarter of next year it will fall to bellow 700 Naira. As u accumulate don't get caught when it u-turns. Dis i have seen.

BabsO2:
I observed in the last three years all the banks have been reducing staff except for Access. Perhaps due to it's recent mergers/acquisition. So perhaps they've started heeding the warning by upping IT. But the article mentioned names like interswitch eating into banks profitability.

Interswitch provide payment services exclusively, while banks make most of their money from heavy lending and interest bearing securities. My observation.

BabsO2:
JUST IN: Fintechs May Crash Commercial Banks &#; CBN Raises Alarm

https://techdigest.ng/fintechs-crash-cbn/

This doesn't sound nice. It means a time is coming naija banks will loose streak of profitability. How much time do they have left before fin techs start eroding their profitability significantly

"Fintech refers to the application of software and hardware to financial services and processes, making them faster, easier to use and more secure. The fintech industry includes everything from payment processing solutions to mobile banking apps."

Traditional banks do these already nah, though the era of branch proliferation is coming to an end. In d near future, banks will run fewer branches as most banking transactions move online.

Good for investors and bad for d work force.

It is interesting how tech is worth more than energy. More so, how d USA dominates d world.

If d usa implodes, assuming our fine NSEMPA analysts are right, who will take its place? China? India? Russia? Nigeria?

Agbalowomeri:
Dollar approaching 800 na wa o

The mandatory money recall by d CBN may push d exchange rate higher. D "politicians", moneybags and criminals will try to lunder their stashed bills. We might see 1k not too far in d future.

Lana1:
Speechless!

Vhagar: "Arrax!!! How dare you pour me fire"

Arrax: "Sorry Ma!, what was i thinking, this little boy don drag me enter"

Vhagar: "Nnyam Nnyam, your meat no even sweet sef"

On a serious note these dragons have pride, Aemond trying to stop but Vhagar reacting regardless.

thesilentone:
The question Phil would ask in this scenario is: What is the event that has caused this? The answer would determine what he would do

Yeah, he mentioned investing in business you know about.

I doubt the accuracy of some of d metrics in dat chart as i had a hard time finding and extracting d right parameters.

For example, calculating FCF when it comes to banks and finance stocks is hard to tell appart which entries are due to operations and/or financing activities.

Also, used ROE instead of ROIC for same reasons.

BullBearMkt:
Thanks a lot @DrAwo, @ositadima1 and @ImperialCovfefe for the wonderful contributions. I enjoyed every bit of it.

My question however is that, is it not a good approach GTCO took by reducing the amount of loan given out in an environment of low interest rate, crash in Naira (invariably strong dollars) and especially when general election is approaching? From the above post, their deposit growth is not looking bad compared to other banks.

Thanks.

I think that a quantitative answer would require a financial model that takes net interest income, NPL and default loans, assets pledged as collateral, etc as imputes.

On d surface it sounds like a good approach.

DrAwo:
There you go....

Good stuff...

DrAwo:
So what's your conclusion or your thoughts?

Moat breached?
Moat intact?
Moat under significant threat?

I personally think they are in a bad run of form due to certain conscious decisions they've made... I expect them to hit their usual stride in a year or two...
This is a personal opinion and not investment advice...

I think Moat breached if we go by d books minimum 10% growth rate. I will need to compare with other banks in d same space.

Moat acid test on Gtb(GTCO) Group from d book Rule #1 by Phil Town.

Appart from EPS and ROE other values are in Billion Naira. Average Growth over periods 10 year, 5 year and 1 year are in %.

ROE, return on equity, has remained above 20%, while profits grew along side equity, from 2019, profits started slowing down.

EPS has had 7% compounded growth in d last 10 years, with a sharp 14% drop in 2021.

Mpeace:
Some times it takes the smallest thing, or one foolish act for all that to disappear.
Maybe the threat of a nuclear war itself.or an epidemic. Who knew about covid before it came

What i am trying to say is dat they are leading or close to leading on somany fronts, you did need to eliminate alot of highly knowledgable people, wipe years of accumulated data to bring d USA down. Not very easy.

Or colonize them.

safepaulooo:
https://news.bitcoin.com/robert-kiyosaki-says-us-dollar-is-toast-citing-saudi-arabias-request-to-join-brics/

US dollar crash drawing near. American empire gradually disappearing.

Even if USD cease to be d go to currency of exchange, the American Empire will still stand for a very long time. Except in d event of nuclear war but then everyone will be affected.

Do you know why?

Beside its strong sense of unity and patriotism, you should consider technical know-how, institutions and knowledge base which so far is second to none.

Check d top 10 in almost everything that hold financial advantages, USA takes at least 7 spaces out of 10.

1. Ten richest persons in d world
2. Ten bigest companies in d world
3. Ten best Universities in d world
Etc

Then... d vast resources:
1. Largest producer of crude oil
2. Largest producer of natural gas

Tech:
All sophisticated chips on any device can trace back to d USA. That one alone is huge giving dat d world runs on computational devices.

IamLincoln:
Ubuntu in VirtualBox wants to install on every boot

I have wasted too much data reinstalling it, I need a permanent fix.

Windows offers dirrect install of linux os as a subsystem. I have not tried it but seems with this you don't need vmware or dual booting. Check link below:

https://learn.microsoft.com/en-us/windows/wsl/install-manual

currentprice:
noticed NSEindex struggled for few trading days at the 47k zone as TA predicted , begin to move down below the zone from yesterday. if it clearly breaches this zone then it on its way to the final destination predicted

Based on the TA, GTB was predicted few months ago for a new 2020 low and gtb seen fell below 17 when the index reaches 47k support zone and this give gtb d opportunity to pullback.

for zenith, forget about the recent refuse to fall tactic. b4 zenith could take a serious decision for real rise or not... price is likely going to touch 17 first

play safe.....

_{^{for EUR/gbp it still a long term buy... do yourself a favour if u trade currencies}}

Only Airtel Afri doings is enough to drag d index down, sef.

-10% AIRTELAFRI = -2.37% ASI

Dat dragon hahhhhhh ending was a 10/10 for me.

Baddestguyp:
Next Episode of House of the Dragon will be war!!!!

Will be a bloody finale


https://www.youtube.com/watch?v=hzh3ZRCTB-g

Dance of d dragons nah, abi u never see dragons breakdance?

Kaycee7:
Rhaenys really said, "Excuse lemme go outside". Then came back and killed everybody that was standing around her and somehow left the actual people she was supposed to kill alive.

Mission failed successfully

From my perspective, she never intended to roast them, instead of ringing d bell as asked by Alicent she decide to give her answer with vowlence . Beside, it isn't in her best interest to wipe out d late kings children and wife. Who does dat?

BullBearMkt:
...not quiet! The power-that-be only want everyone to believe that the former chancellor, Kwasi Kwarteng, is incompetent because of the planned cut of corporation tax (which invariably should cushion the effect of rise in consumer goods). Unfortunately, Pounds sterling keeps declining. To me, its a conspiracy orchestrated by the financial communities and Kwasi fell into their trap. Before Truss and Kwasi came onboard, UK economic situations has been the worst since 2008, I think they just not ready for Kwasi to be the next in command to their PM!

A lot of white brits don't like him for his colour, what i felt from reading posts on Twitter. Racism is real.

yMcy56:
GTCO
Offers sighted to be thinning out since market opens....
Quite a considerable units offloaded @17......
Bids now lined up @17.....
Let's see if the dumper is renewing energy, on recess or he's getting tired......
E Ku Market o.

It is like the person(s) has expended his arsenal, hopefully it start moving by normal forces. I bought small today.

Achilles100:
For a second I thought Alicunt was going to poison Dyana.

Wao, I wonder if we are watching the same show. Alicent is actually d better person allround. In fact, Rhaenyras conspiracy with Daemon in eliminating Laenor makes her the dangerous one.

If anyone should be called a cunt it is Rhaenyra, for obvious reasons.

The friction we see would have been hotter if the king had gone on to mary the Velaryon kid, the Velaryon would have mounted lots of pressure, in their universe succession goes to first son.

Regarding d Vaemond guy, he did rather die than be supplanted by outsiders, come on, well all know them kids are "bastards". Also, he is a Velaryon and they are proud people with long history.