₦airaland Forum

Bizibi:
Nigeria system is good at revenue generation but when it comes to anything development na there corruption dey come out. I said it here before that NIGERIA can generate more than 30b dollars in a year and people won't even notice it.

Which revenue generation are we good at?
30b dollars for a country of population close to 250 million.
Brazil that has a population that is less than our own is doing budget in trillion of dollars .
We are not even doing 5% of Brazil budget and our people erroneously believe that we have money.
It is simple, majority of our people are poor because the country is poor. There is no magic any leader can perform.
We have to go to the basics and keep moving gradually in the right direction and stop listening to politicians who promise quick fixes.

ghm:
Good point.

The issue with Nigeria's fuel debate is that we want it both ways.

Once subsidy is removed, government has no business setting prices. The Minister of State for Petroleum said it plainly: "No, we don't have power to control price because it is completely deregulated" .

But here's the nuance we miss: in the UK, government doesn't set prices—but it still intervenes through tax policy, monitoring, and regulatory oversight. Fuel duty and VAT account for over half the pump price . When diesel hit £2, the RAC demanded tax cuts, not price controls .

The difference is the type of intervention. In the UK, it's fiscal policy (tax) and regulatory oversight (CMA monitoring for profiteering). In Nigeria, it's price intervention through NNPC's discount window.

The TUC president is right: capping price is a form of subsidy, however you frame it .

So the real question isn't "should government intervene?" It's "what kind of intervention is sustainable?" Tax policy and regulatory oversight—yes. Direct price-setting—that's just subsidy by another name.

Different sides to the same problem.
There is no fuel tax on petrol in Nigeria so I don't see how the government can use tax as an effective tool to mitigate price.
As much as I don't subscribe to the notion that subsidy should be brought back, I equally feel strongly that the government should think and do something about the spiraling price.

Oasisblue:
The govt is not confused, in my opinion. They are merely being pushed to do this by an opposition ready to play on the people's ignorance and desire for immediate and temporary gratification.

Confusion might not be the right word but the government should do more by being sensitive and proactive.
The volatility in the market for petrol price is not good for the people and the economy.
I would have expected the government to step in since price crossed the N1000 threshold and enter into discussions with dangote on how best a price cap could be introduced and managed.

This should have been done earlier before the opposition started talking about it.


https://www.reuters.com/business/energy/nigeria-proposes-petrol-price-cap-curb-fuel-cost-volatility-2026-10-08/

Agbalowomeri:
I have never looked at FCMB book before but I gave AI some metrics to rank stocks on NGX and I was shocked to see FCMB behind only ONE bank. Abeg wetin dey inside the result sef

The Bank is cheap using several metrics.
They just need to improve on the dividend payment.

currentprice:
among here bedsheet shouting one stock will scatter the market soon... Do you DD

_{^{back to my hole}}

Don't go back yet o.
For me, FCMB and May and Baker.

currentprice:
@purity2all:



here is what bedsheet is voicing...

Dangote Sugar,
NB
Transcorp
Maybaker
FCMB
Cornerstone

Welcome back CP
Transcorp has refused to move for a long time, can't tell why.

essentialone1:
There is serious fighting going on in Anambra East LGA, between Aguleri vs Anam.

Here is what Police and Government have confirmed as of this morning, Oct 4:

*What happened:*
This is not Aguleri vs entire Anam. It's specifically *Amaeze village in Aguleri vs Umuoba-Anam* — two neighbouring villages with a land dispute that goes back to 1999. The land in question was said to have been given by Amaeze-Aguleri to Umuoba-Anam on trust, but now both Villages claim ownership.

The trigger for this latest round of war was Thursday Oct 1: youths from Aguleri went to erect a signpost and install CCTV cameras around Otuocha or Ogbe Hausa area which Umuoba-Anam said is a disputed land. Argument turned to shooting.

*Casualties — verified:*
- Police initially confirmed 1person dead, and several persons injured.
- By Friday Oct 3, after assessment, Anambra State Govt and traditional rulers said *5 dead in total — 3 from Aguleri, 2 from Umuoba-Anam* plus several persons hospitalized. Houses, shops, a rice processing factory with bags of rice, and a microfinance bank were burnt.

*What govt has done:*
- Deputy Gov Onyekachukwu Ibezim (who chairs State Boundary Committee) led CP Nnanna Oji Ama to the area for on-the-spot assessment.
- Otuocha Market has been ordered closed by Gov Soludo until investigation is done.
- Curfew imposed by Anambra East LGA: 6pm to 7am daily in Aguleri and Umuoba-Anam.
- Soludo has called an emergency peace meeting for Wednesday Oct 7 at Awka and ordered immediate ceasefire. Army + Police deployed.

Anambra Police PRO is *SP Tochukwu Ikenga*. He has released two statements condemning the renewed arson that happened after the deputy gov left, including burning of Ama Igwe Aguleri palace, and saying those responsible will be prosecuted.

Umuoba Anam Youth Council just yesterday called out a viral voice note threatening to attack soldiers if they don't leave for another attack today Sunday — police said they are investigating that audio.

If you have family there, best advice is tell them to obey the curfew, avoid spreading unverified casualty videos, and send any credible info to police.

But why do you think this is the right place to post this

emmanuelewumi:
Start a business related discussion na

His actions should not be encouraged.
It is better for the forum to stay quiet than someone posting irrelevant subjects.

Agbalowomeri:
So Nigeria is not in the top 10 by market valuation?

It is too early in the weekend for you not to see well

Nigeria is at no 2 but the gap between no 1 and 2 is so wide....

faoogoke:
I love to apply if they will allow me by Oando.

No bank will borrow you money to buy oando

BullBearMkt:
JOHN HOLT STOCK PRICE DIPPING TOWARDS ITS VALUE ZONES
After a smooth upside rally from 2023, touching a high of 19, John Holt has maintained a decline over the past 2 quarters, now moving towards its premium line at 5.90.

Will the stock find support around 5 within the discounted zone, or could we see a further drop towards 3?

The price action around 5 will be interesting to watch!

PLAN YOUR TRADES AND TRADE YOUR PLANS

Thank you BBM.
It is always easy to relate with your own TA

Ameboperoo:
That is how it's supposed to be but will there normaly be anything left? When Skyebank failed then I got nothing o

The shareholders fund or equity should be considered before one invests his or her money.
A company that delists with a negative equity will most likely not have anything left to pay shareholders.

WhizdomXX:
Federal still collects a huge portion (over50%) of the nations revenue. Derivation is still 13%. Till then

This is not totally correct.
VAT is part of the national revenue that is also being shared. If you factor in VAT allocation the FG gets less than 40% of the total national revenue.

emmanuelewumi:
The Chinese have also started producing in Nigeria

That is good if they are producing in the country.