₦airaland Forum

KarlTom:
Let me also add this.

The electricity infrastructure in Nigeria is well outdated. It's radial in structure and lacks redundancy.
It's capacity is below what we can generate and very susceptible to failures...

Nameplate capacity is around 13GW
Operational capacity is around 6GW (<50%)

Transmission (wheeling) capacity is circa 8.1GW.

This is where the real problem lies...

jonnysessy:
Good morning everyone,.... . In fact, the latest I hear the other house is requesting is my utility bill. Unfortunately, I am not the owner of the house and the utility bill bears the name of my landlord.

But, if anyone can be of help here, I won't mind....

I am very sure someone here will give a hint how I can get my shares back from this broker.

DrAwo:
Miss Perpetual Ogbiyoyo (2 time Nigerian female chess champion & founder, Promoting Queens Chess Foundation) graces the podcast in this episode as we discuss investing lessons to be gleaned from chess.

We discuss how she got started in chess, how she went from being a learner to a 2-time national chess champion, how she performs a post-match analysis to learn from her games retrospectively, how she makes decisions on the chess board and how she learns from her mistakes.

Retail investors might be surprised to see how much parallels exist between investing and chess. There is a lot to learn from this episode of the podcast.

Thanks for listening.

https://open.spotify.com/episode/5gnIhMItwalBbwCutYje7J?si=b-PthkliQH25-EzPvwLBSQ

Harvestock01:
A worst case scenario is to sell your entire stockholding with this broker and move on without looking back.

Harvestock01:
Nigeria is different from the "abroad" where the utility bills have to be on your name as a PoA. In Nigeria, the utility bills need to only reflect the address you have provided in your contact details.

Get the utility bill from the address and send to your broker. That shouldn't be a difficult thing to do. Please don't give up, you are closer to the finishing line than you think.

A worst case scenario is to sell your entire stockholding with this broker and move on without looking back.

KarlTom:
Proposed solution:

1. Issue licenses for the full electricity spectrum - Generate, Transmit and Distribute.
2. OR Issue a single license to energy companies for Transmission and Distribution.

That's one sure way to ensure reliability of the Network...

olig:
But this is not the case Stanbic IBTC Stockbrokers Limited. You have to provide utility bill that bears your name. I am technically stuck with them because of that. Unfortunately, I can't even sell my holdings or withdraw. After opening the account it was dormant in less than two months, without notice.
They are now telling me that I should provide a Stanbic bank account, etc.
I still don't have their time yet; I don't have much there. My old certificate that I want to demat are also with them for close to three months now. They kept pushing me here and there.

All these are aimed at frustrating investors. All evidence are pointing out you own your shares. But, they look for ways to make things difficult for you. I thought they used to say customer is king. Now, it is the reverse. Nobody recognizes customer again.

olig:
But this is not the case Stanbic IBTC Stockbrokers Limited. You have to provide utility bill that bears your name. I am technically stuck with them because of that. Unfortunately, I can't even sell my holdings or withdraw. After opening the account it was dormant in less than two months, without notice.
They are now telling me that I should provide a Stanbic bank account, etc.
I still don't have their time yet; I don't have much there. My old certificate that I want to demat are also with them for close to three months now. They kept pushing me here and there.

megawealth01:
We’ll Make Solar Energy Accessible, Affordable To Nigerians Next Year – FG

https://dailytrust.com/We’ll-Make-Solar-Energy-Accessible-Affordable-To-Nigerians-Next-Year-FG

megawealth01:
We’ll Make Solar Energy Accessible, Affordable To Nigerians Next Year – FG

https://dailytrust.com/We’ll-Make-Solar-Energy-Accessible-Affordable-To-Nigerians-Next-Year-FG

Mpeace:
So you still dey believe thus government? Lol
PH refinery was supposed to start pumping fuel like one year ago like they promised. E never pump one litre to date.
I heard they recently promised labour 5 more refineries to alow the recent fuel price increase.
Very deceptive set of people.

Mpeace:
So you still dey believe thus government? Lol

delvzy:
I'm all for a single licence for the Generation, Transmission and Distribution arm of the power sector. The fact remains that we need policies that will finally dismantle that TCN of an entity and allow different players to come in while Govt create a body solely for regulation.
It is only here that govt wants to be the producer, off-taker as well as regulator. Too many idle assets either need to be sold off to willing buyers or they should just go the joint venture route (JV).
In the end, you need will and solid policies to back this up.

designking:
People that couldn't generate and transmit 6kmw after 60years is talking about solar energy at large scale.

It is all talks and by next year you won't hear of this again

megawealth01:
Una don see FG finish

Bizibi:
em don talk that solar matter many times under buhari administration even foreign organizations try put funds, in the end voicemail, voicemail.matter go just die for void.

faoogoke:
I think the problem is with the national grid. What we need are mini grads not a national grid.

TsarZed:
Oando enthusiast, is the result coming out on the 23rd?

TsarZed:
Any update on this

Mpeace:
UBA q3 is out