₦airaland Forum

Raider76:
It is clear that this country is now being led by people who do not believe in it. Why do you make NYSC posting as regards to insecurity a matter of policy, and formally state that only students from insecure areas should be posted there? Shouldn't such issues be left to the discretion of the Service? Even at the peak of insurgency in Borno and Yobe states NYSC members were formally posted there, but they were instead sent to serve in other states. When will our leaders understand that insecurity at the level we have it now has to be fought nationally and not be regarded as the headache of those states that are suffering from it. Which states are really free of it now?

Until the so-called governors and other politicians realize leadership is a serious work, and not just a money-making scheme for those in power, we won't get anything right, security inclusive. All the issues we face today are related and one can't be resolved in isolation of others. How do you tackle insecurity without a working economic policy, both micro and macro? How will economy grow and opportunities created for the people without infrastructure? And so on. Today, we have people whose only interest in government is to make money for themselves. They think less about the seriousness of the work at hand. See how flood ravaged everywhere in Lagos and this happens every year. Each year we complain about the same thing... no working drainage system. You then begin to ask, what is the work of the governors, commissioners, senators, reps, etc?

The other day, one of the governors and a rep were in London to celebrate birthday - this is the kind of leaders we have, and we expect things to work.

In summary, the governors should sit up and do the work for which they collect huge monthly security and other undeserved allowances.

deathwing:
Na wa o, which kain south african-esque inferiority complex talk be this? So ND Western, Renaissance, Oilserve (the company that is laying most of the groundbreaking AKK and OB3 pipelines), First E&P (who laid most of Dangote's gas sub-sea pipeline ), are all led by foreigners?

Look, it is not because we are not competent or don't have requisite qualifications. In many cases, we are even more qualified academically. However, we don't have the discipline required to make things work. You wonder why Dangote is flooding the top hierarchy of his companies with Indians?

Oasisblue:
Aradel should release its 2026 Q1 results. Q2 is almost due. I am beginning to see them in the same light as Oando. Nigerian-run businesses can fall person hand. Seplat has been stellar, partly because of its British CEO. This is why I am becoming skeptical of Seplat, as Elumelu has become a key player, and one Okon has replaced the White Man.

This has been my belief... If you want to destroy a company or limit its potentials, make a Nigerian the head. The Arabs know their limitations and the reason their big corporations are not headed by Arabs - e.g. Emirates Air, etc

Bizibi:
I think the micro economy should lie mainly on the state government.normally sme funding should be state government and LGA like the case of akwa ibom, they are trying in infrastructure but they are not focusing on the human resources in the state. It will be silly building roads and bridges and the people are still struggling financially.

This is the template they use across the country to loot - constructing roads, bridges, flyovers, etc without any opportunity cost consideration. This is what the money bags in politics do, not for the benefit of the people but to make billions for themselves. And when you see the quality of the projects, you immediately know the objective.

Pesuzok:
Is it everything you guys tie to politicians. Even banditry and insecurity, you lot will tie it to politicians and opposition. Smh

Who else should we blame for banditry and insecurity? Is it the ordinary man on the street you want to blame or he who is feeding fat on huge monthly security allowance and doing nothing to provide security for the people? You have leaders/politicians (most of whom are money bags) busy attending parties, celebrating, and carrying concubins around, and you expect things to work?

deathwing:
Bruh, nobody cares about the stock market as a metric. There are only like 1m active traders, most of them onboarded in the last year. It's not so important a statistic since it doesn't actually mean anything. People can't buy bread on the road, people can't pay Band A light, people can't travel from Lagos to Oyo without doing night-vigil beforehand. Nobody us going to vote Tinubu because some people in Lagos made 100% on MTN.

Bro, it is not just about traders. There are millions of other people who invest in stocks for future and for their children, i am not a trader but I put some money (small though) on stocks like many others. If the value grows, I would be happy.

Also, even if you don't have anything to do with NGX and you are an independent observer of event, that stock value is growing may convince you that the government is doing something. It is the same reason Trump rushes to social media each time stock value goes up in the US.

Oasisblue:
What 'uncertainty'? Most are convinced Tinubu would continue as President.

That exactly is the problem. I think the politicians are trying to ensure Tinubu is not able to use the NGX growth as an achievement. The downward trend started the week someone linked the NGX growth to Tinubu's policy. I may be wrong.

For now, I will stay on the sideline watching the happenings until after election.

Just last week, Tinubu listed ASI growth as an achievement and this week the market started falling. Is this a coincidence or the politicians doing their things because of election?

Jaakay:
Vfd dividend dropped

Congrats!

I am still awaiting my WEMA dividends ooooo

Asangbekoko:
My Wema Bank Dividend hit my account a few hours ago. Sweet Wema👍

Congrats! I haven't received mine

Please, has anybody received WEMA Bank dividends?

aj8:
Jaiz Bank

Most “colorful “ report. Earnings are not as colorful though.

I thought they are paying dividend (11kobo) even though it is small. They are also paying higher than they paid the previous year - more than 50% more. This is better than not other banks (sterling, Fidelity, etc) that are not paying anything.

Raider76:
Africa's richest man unveils bold plans for a 20,000MW power project in major push to transform energy supply

https://africa.businessinsider.com/local/markets/africas-richest-man-unveils-bold-plans-for-a-20000mw-power-project-in-major-push-to/3ldn9ew

Competition for Transpower and Geregu coming. I pray that Alhaji disrupts the power sector like he did for Oil and Gas.

Good plan! However, the problem with the power sector is not just about generation. The transmission and distribution networks need to be overhauled for this level of investment to make sense and produce the desired effect.

EDUECO:
Quite frankly,your message is filled with wisdom.

I think the current CBN management has not put the economic well being of the investors into consideration while formulating banking laws.

That's another ugly face of this government's policy of always wanting to take from the people. Fuel price up, energy price up, tax up, and now the CBN is blocking the dividends that should go to the people for their investment. They want to say they don't know the market would react to this? Trump syndrome... "I didn't know Iran would retaliate..." blah blah blah

gabscity:
We use normal "Bandit B" not even A. Ypur personal generator is allowed.

Personal generator (noise and CO2 pollution) is allowed but solar is not. You need to change your estate excos.

gabscity:
Sir, even in a private estate I live here in Lagos, Solar Panels are not allowed, not sure why though, but this is the estate rule, if you are not comfortable with it, you have to move out, simple.

Because the estate is probably selling electricity (NEPA+Gen) to you and most likely at exorbitant rates. Allowing solar will mess up their business.

debeey87:
Going forward, the CBN needs to put a cap on how much these guys can get from the bank even if they have the highest shareholdings. The CBN shouldn't allow them to borrow from the bank in perpetuity because they have the largest shareholding or are a director and end up writing it off using profit from the business in the guise of bad debts etc.

I still don't understand why CBN would suggest or approve writing off insider debts with shareholders' money. Why should ordinary people be the ones paying off the debts of elites who live in Ikoyi mansions with properties and investments all over the World? This is another case of the elites/rich stealing from the poor. What efforts has the CBN made to get/force them to repay the loans? If this is not checked and stopped, it will become the norm across all banks. The directors will collect huge loans and not pay back... and then get written off with the money that should go to the ordinary shareholders.

May be there is something I don't understand ...

mikeapollo:
You are one of the people who love to twist narratives to serve your interests, even in the face of obvious truth.

The Iranian regime, since 1979 under Ayatollah Khomeini , declared their ambition to wipe Israel off the surface of the earth. Netanyahu was not the PM of Israel at the time.
Ayotallah Khamanei, since coming to power in 1989, continued the declaration and ambition to destroy Israel. Netanyahu was not the PM of Israel in 1989

You are quiet and silent on the unwarranted, irresponsible and reckless declaration and ambition by the Iranian regime to unleash bloodshed and kill Israelis living in Israel, exterminate them from this world by building nuclear weapons and sponsoring terror allies in Hamas, Hezbollah, Houthis etc.
Rather, probably by reason of high-grade anti-Israel mischief, you are now turning around to blame Netanyahu and accuse him of aiming to secure uncontested power in the middle east! How pathetic!

With the direction of your assertions in these matters, I would not be surprised if one day, you blame the leaders of Benue and Plateau and accuse them of fighting the Fulanis because they want to secure uncontested power in the middle belt!

Iran didn't start the war. It was USA and Israel that attacked Iran (now twice) in the middle of negotiation thinking with their combined power they could pound Iran into submission. They were wrong and Iran has demonstrated not only resilience but also fire power that would make the USA think twice before foolishly joining any future attack on Iran. Iran suffered extensive destruction but so also the US and Israel. Most of the USA bases in the region were destroyed. many of their radars, Thaad systems, etc were destroyed. This is not to mention the air assets (AWAC, refueling aircrafts, etc) that were also destroyed. I have never seen US beg for ceasefire like this. The once untouchable is not now having his nose blooded by Iran. And you need to visit Israel to see the level of destruction there. Why is nobody jubilating in Israel after the ceasefire?

[quote author=vibesdot001 post=138894573][/quote]Thank you. I missed this.

They just informed me. This is frustrating... the platform has been done for days now

Hello, am I the only one who is having issue with Meristem platform? I haven't seen any activity on the platform for about 2 - 3 days now.

presiade:
FAKE! With all these grammatical blunders, only clowns as the author of the fake post can fall for it.

It is not fake. Mainstream media like Al Jazeera, etc are sharing the same news as we speak.

Keep it up...

KarlTom:
JAIZ

My darling JAIZ is doing well..

EDUECO:
No
From 1960 to date,the loot from the politicians and military is more than 1 Trillion dollars!

If the living politicians and military personnels return 50% of their loot;Nigerian forex reserve can get up to 400 billion dollars within a space of 2 years.

They would rather steal more than return... they are never satisfied. Only a radical revolution can quench their insatiable thirst. Dont think changing the political party or the person will change anything. It is a zero-sum game.

Namaster:
NO.

The purpose of the REINVESTMENT Clause is to RETAIN money in the NGX.

The way you explained it made it sound like Oyedele collected billions from Tinubu just to design a BIG, FAT and extremely obvious LOOPHOLE.

The tax law FIRST looks at individual transactions.
Then AGGREGATE portfolio.
Then what you did with ANY gains from that portfolio.

What that means in numbers

Scenario 1.

1. A first transaction of #100M Sales Proceeds from a #50M cost price. That's a potentially chargeable gain of #50M.

2. FULL REINVESTMENT.

3. That's EVERYTHING you did in the NGX that year of assessment.

Your tax liability related to CGT for that year would be ZERO.

Scenario 2.

1. A first transaction of #100M Sales Proceeds from a #50M cost price. That's a potentially chargeable gain of #50M.

2. FULL reinvestment.

3. Sold new acquisition of #100M at #100M.

4. Withdraw.

5. PAY TAX!

That's because the New Laws are applicable on NET GAINS.
And for Net Gains to be a factor, you must be looking at a BIGGER picture, i.e, the portfolio.

So, first transaction has a gain of #50M.
And you broke even in the second deal so made #0 gain or loss.

Net Gain for your portfolio would be #50M-#0 =#50M.

That #50M would be subjected to tax.

The new law encourages reinvestment instead of withdrawal which is good for NGX. I see a massive growth coming over the next few years.

awesomeJ:
It's worked for him.

I don't know what he says in his "Making it Big" book o.

But what I know is that he sold forte oil at an excessive premium, plugged part of the proceeds to GEREGU, then pumped GEREGU from less than #200 to over #1100, and Forbes re included him in their billionaires list, not minding that his GEREGU assets were at inflated price.

Tony will probably be watching transcorp again.

Cos Otedola needs an avenue for this his new N1.1 trn loot.

Sure he is looking for where and how to deploy the loot... make I hold my FBNH tight.

Sannisege:
This is true because once victims see the faces of their kidnappers, they will definitely be killed because the kidnappers don’t want to face death penalty. The law should be that kidnapping attract 25 years imprisonment but if the victim dies in your custody, then the kidnapper gets the death penalty. Laws should not only punish the criminals but also protect the victims. Blanket law of death penalty on all kidnappers will only make the criminals more vicious and violent in an effort to cover their crime at all costs.

Pedestrian reasoning... death penalty should then be removed for all offences, so it doesn't worsen the security situation. How many kidnappers were apprehended and convicted just because the victims saw their faces?

yMcy56:
ASO SAVINGS & LOANS
I learnt reconstruction of 3:1 has been done already.......but one over-sabi officer lifted the suspension earlier without carrying out necessary changes and adjustments..

The was suspended back thereafter...

The Central Bank of Nigeria, CBN, has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent violations of regulatory requirements and failure to comply with prudential standards guiding mortgage banks in Nigeria.

https://www.vanguardngr.com/2025/12/aso-savings-union-homes-ndic-begins-payment-to-depositors/

Aboki and looting... 5&6.
Aboki would steal money and the first thing he does is jump on the plane to Saudi for Umrah. What do we call that?

This man loves owanbe die... ask him to sit down and come up with a developmental plan for an area... hun hun. he no sabi that

Locotrader:
Another round of bull descending on the insurance.
All for Xmas jolly

NAICOM: 18 insurance companies now ready for capital verification  - Nairametrics https://nairametrics.com/2025/11/27/naicom-18-insurance-companies-now-ready-for-capital-verification/

Do we know their names? Especially the upcoming ones.