₦airaland Forum

Streetinvestor2:
Come and set factory and run with which electricity which is the first major thing

mikeapollo:
What has changed is that the producing countries have realized how much they are losing and being short changed by middlemen and chocolate producers who do not grow any Cocoa..

If Nigeria is not able to do anything, about it, fine. But CIV and Ghana are determined to do something about it because Cocoa provides significant revenue for their budget

deathwing:
Didn't they say the expansion would be commissioned in Q1 2027? Who is expecting it to reflect this year?

mikeapollo:
It is not banning export by fiat.
Maybe that is what Nigeria is trying to do.
But CIV and Ghana are planning schemes that would enable them buy all the beans from the local farmers, supply enough to local manufacturers, and then be in a position to determine or control the price of the remainder to be exported abroad. This would cut off the middlemen.
Currently, local producers don't get enough of the beans as everything is exported and the countries are not even able to determine the price; meanwhile middlemen are making much profits because they pre-finance the farmers and then export the beans abroad for huge profits.

mikeapollo:
What is important is for the farmer to know the price on the international market and willingness/capacity of the local buyers to pay exactly or something very close to that. The local buyers in this instant would be chocolate producers, manufacturers, and even govt agencies. If this can be done consistently and fairly, the local industry would be better for it.

Oasisblue:
FTN Cocoa on full bid. I think it is riding the waves of current news of the Abuja declaration on cocoa processing. I hope West African leaders can stay the course because Oyinbo chocolate industry will fight dirty o. Unfortunately, we lack the national solidarity. Some Nigerians would support foreign interests against their country based on bias.

mikeapollo:
But Ote$ has been winning some cowboy battles in FBN na?
Recall $Ote vs Otudeko issue and others

Seun2019:
Today, I read an "official statement" from Nigeria Society of Physiotheraphy where it was stated that the late Mary Habila was not a physiotheraphist because she did not belong to the society.

Please see here: https://www.nairaland.com/8710907/mary-habila-not-registered-physiotherapist

This statement is not only misleading, it is grossly incorrect.

The essence of this topic is therefore not to defend the deceased (or Dave Umahi, the Minister of Works) but to enlighten those who may have been misled by the statement and state what the law says.

In Nigeria, you do not need to belong to the Nigeria Society of Physiotherapy (NSP) to legally practice physiotherapy in Nigeria.

Apart from being a graduate, you only need to be registered and licensed by the Medical Rehabilitation Therapists Board of Nigeria (MRTB).

MRTB is the federal government agency empowered by law to regulate the profession and issue practicing licenses.

Below are the four steps to legally practice physiotheraphy in Nigeria.

1. Earn a Degree: Hold a Bachelor of Physiotherapy (B.PT or BMR) or a Doctor of Physiotherapy (DPT) from an accredited university.

2. Complete Internship: Undergo a mandatory one-year clinical internship at an accredited hospital.

3. Register with the MRTB: Complete your registration and obtain your legal license.

4. Complete NYSC: Fulfill the National Youth Service Corps (NYSC) requirement, if applicable.

So, you do not need to be a member of Nigerian Society of Physiotheraphy (NSP)

NSP is just a professional association and labor embodiment for physiotherapists in Nigeria.

It is nothing but a pressure group that defends the rights of therapists, provides continuing education, and offers professional indemnity.

Its membership is voluntary, though it is recommended for career networking and professional growth.

NSP is just like Nigerian Medical Association (NMA) which is another pressure group. You do not need to belong to NMA before you can practice medicine in Nigeria.

Thank you

Agbalowomeri:
They probably don't need to panic. They can become investors till next year. If Q1 is sustained, can we see EPS of N25 by year end?

searchng4love:
talk about falling knives

Agbalowomeri:
Some people rush enter FIRSTHOLDCO this morning only to possibly see -20% at the end of the day

Agbalowomeri:
See ya long analysis wey no consider the new CBN guidelines. Update yasef

Mr. Apollo I don dey defend ya stock o

Agbalowomeri:
Elon Musk ponzi

mikeapollo:
Okay. I hope it benefits stakeholders and shareholders.
FBN used to be my biggest stock but sold it some years back when it was stagnating N4

mikeapollo:
How would you say ''if'' FBN is able to pay N5 dividend?
Why cant you say ''if'' they are able to pay N1.50 or N2 dividend?

A whooping N5? Where you see that ''if'' for N5? For dream?

megawealth01:
If nobi cruise this una govt dey catch... Why not release the quota of juice positions to SE... Even ordinary Nigeria Stock Exchange where the quota dey?

mikeapollo:
Don't be in a rush to type what you may not know.
BCC was almost dead when Dangote Cement bought it. Today, the shareholders have become multi-millionaires.
If you are experienced enough in this hustle, you would know that oil and gas upstream companies don't go for peanuts! It is not like a bakery business:
Watch out and pray to be in companies in these sectors when they are being sold to a reputable buyers:

Cement
Oil and gas (upstream)
Brewery
Telecomm (you recall how AIRTEL bought a struggling Econet)?

Beeron:
The way you buy the dip with happiness and glee, it makes me admire your courage.

I saw somewhere where you bought DANGSUGAR, I shook my head because, you need to buy more dip.

Now you talking of more dips to buy without being strategic to know if those stocks have found support.

If you follow only discounted price to buy dips, you will keep buying dips so much so that, you will be the one giving people wanting to dump the stock a life line.

awesomeJ:
If you ran the numbers, the PP isn't significantly responsible for the market crash.

First the PP positions need funding in USD.

Alhaji mentioned people already put up, USD2bn, meaning that they probably had that liquiduty on hand.


Now the numbers:
Market has done 20 Sessions with c. 40bn per session. That's less than 800bn total or USD 500m ish.



So, even if everyone who sold never put a dime back in the market, the entire procceds for the whole month is nowhere near the liquidity required for the PP.

The PP had some impact, true but Let's put it on the right scale.

Abi Davido for instance needed to sell shares to fund his own??

Agbalowomeri:
Baba wan increase minimum wage for 2nd term

Sunrisepebble:
I have been buying MTN at around 750,760.

Sunrisepebble:
Same here

vibesdot001:
Hope HBM (AKA Lafarge) no go join this trend

Agbalowomeri:
These new guidelines might actually favour them because it might decouple Nigerian assets from local assets. But CBN has its own mind sha

Agbalowomeri:
Lol see volume offload today
Na Nosa handwork be that