₦airaland Forum

Mankind2024:
Lmao, the amount of malice and bitterness dripping from this comment is actually impressive.
Bro, you didn’t just read my post, you got personally triggered because someone received dividends in Nigeria. Your whole rant is basically “How dare you succeed where I’m suffering?” 😂
Let me help you, My dividends didn’t make Nigeria perfect. I never said it did. But the fact that one citizen making money from his own discipline and patience sends you into this level of rage and copium is very telling. You’re not angry at me, you’re angry at your own life.
Instead of learning how people are quietly building wealth despite the same problems you listed, you chose to vomit negativity and start listing every problem Nigeria has like a broken record. We already know the country has deep issues. That’s not news. What’s funny is people like you prefer to stay in the complaints WhatsApp group while others are cashing alerts.
You want me to cry about police, roads, bribes, and herdsmen before I’m allowed to celebrate my own money? Miss me with that toxic mentality.
Keep that same energy when you’re still broke and bitter in 5 years. The rest of us will be compounding.
Now go and touch grass, Mr “Celebrate in silence.” Your misery is showing badly.

You get time sha, you must like vawulence and wahala when you were younger

KarlTom:
ZENITH DIV landed

Last week GTB dropped theirs

You yourself wrote "This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?"

You drew a line from your $9500 dividend to cast aspersion on people who are cursing the country and leaders (and rightly so, since we are amongst the poorest nations on earth). I endeavoured to let you know that it's not all about money..and that your metric for success is dim. People just above minimum wage in some countries live better than most of us in Nigeria. The woman you pitied because she got $335 can get a helicopter to a fully funded hospital if she collapses. She can get social security, loans to pretty much buy anything she wants, insurance to take care of her most expensive health bills, and the assurance that the police and three helicopters will be at her location if she calls 911 even inside a forest.

I have no idea why you are calling me broke and bitter even though you don't know me, and I made no reference to your own status. I don't care about the dividends you received. Your story does not move me because that's not why I am here. I am simply letting you know that your reality is but a slim vista and that you can be more empathetic.

Mankind2024:
Lmao, the amount of malice and bitterness dripping from this comment is actually impressive.
Bro, you didn’t just read my post, you got personally triggered because someone received dividends in Nigeria. Your whole rant is basically “How dare you succeed where I’m suffering?” 😂
Let me help you, My dividends didn’t make Nigeria perfect. I never said it did. But the fact that one citizen making money from his own discipline and patience sends you into this level of rage and copium is very telling. You’re not angry at me, you’re angry at your own life.
Instead of learning how people are quietly building wealth despite the same problems you listed, you chose to vomit negativity and start listing every problem Nigeria has like a broken record. We already know the country has deep issues. That’s not news. What’s funny is people like you prefer to stay in the complaints WhatsApp group while others are cashing alerts.
You want me to cry about police, roads, bribes, and herdsmen before I’m allowed to celebrate my own money? Miss me with that toxic mentality.
Keep that same energy when you’re still broke and bitter in 5 years. The rest of us will be compounding.
Now go and touch grass, Mr “Celebrate in silence.” Your misery is showing badly.

He is a writer of epistles who cannot read between the lines; a thing of endless wonder.

Asangbekoko:
If you have really been posting your achievements in good faith, there is no reason why you should have responded to the post under reference.
He simply commented that the socio-economic situation is hard outside there, to the extent that a very few number of people have something extra to invest like us.
He therefore concluded that you should not use the rosy time we are currently enjoying in the ngx as indeces of the socio-economic situation in in the country, and use same indeces as parameter to praise the present government.
I don't think that there is any harm in this opposing reasoning faculty.
And I don't see any reason why this response should have generated any cantankerous steam from you my dear friend.
You can't be always right.
One love.

Ellake Lakes' Q1 result is terrible, Chuka is not a serious manager. They are just draining the company's funds with operating expenses.

You are sweating this much over what you admit is his reality. That is what it is - His Realities. Don't be bothered about it. You should share yours and 'beautify' it with all the woes you just listed. Maybe that way, you would find some comfort.

deathwing:
You yourself wrote "This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?"

You drew a line from your $9500 dividend to cast aspersion on people who are cursing the country and leaders (and rightly so, since we are amongst the poorest nations on earth). I endeavoured to let you know that it's not all about money..and that your metric for success is dim. People just above mimum wage in some countries live better than most of us in Nigeria. The woman you pitied because she got $335 can get a helicopter to a fully funded hospital if she collapses. She can get social security, loans to pretty buy anything she wants, insurance to take care of her most expensive health bills, and the assurance that the police and three helicopter be at her location if she calls 911 even inside a forest.

I have no idea why you are calling me broke and bitter even though you don't know me, and I made no reference to your own status. I don't care about the dividends you received. Your story does not move me because that's not why I am here. I am simply letting you know that your reality is but a slim vista and that you can be more empathetic.

GeeKudi:
You are sweating this much over what you admit is his reality. That is what it is - His Realities. Don't be bothered about it. You should share yours and 'beautify' it with all the woes you just listed. Maybe that way, you would find some comfort.

Mankind2024:
Thank you for reading and for your honest response.
I never claimed the stock market is the economy, nor did I suggest that everyone can simply “discipline” their way out of poverty. I know the reality, high food inflation, widespread poverty, worsening insecurity, limited participation in the capital market, etc. Those are facts.

My post was simply sharing a personal testimony: how discipline, patience, and time turned my own savings into meaningful dividend income. It is possible for those who can participate, even if it’s only a small percentage of Nigerians right now. Celebrating that doesn’t mean I’m blind to the struggles of the majority.

You’re right that bad governance and weak institutions have contributed heavily to where we are. No serious person disputes that.
But waiting for perfect government before we take personal responsibility is also a trap. Many of the ordinary people building wealth quietly today started with very little, some during even worse economic periods.

My message has always been to those who can participate, start small, stay consistent, avoid greed and noise. Every person who builds financial independence reduces the burden on society, not increases it.

I’m not “uppity”, I’m just a grateful investor who chooses to focus on what I can control. Right now, I’m redeploying the dividends into quality names I already own (more Zenith, MTNN, and a few others I believe in long term). No hype, just steady compounding.
Wishing you good returns as well.

I just have o e question tho??

Morgan should do something urgently on this their trade portal ooo,they say is system glitch,but we dey confirm trades going on.

deathwing:
You yourself wrote "This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?"

You drew a line from your $9500 dividend to cast aspersion on people who are cursing the country and leaders (and rightly so, since we are amongst the poorest nations on earth). I endeavoured to let you know that it's not all about money..and that your metric for success is dim. People just above minimum wage in some countries live better than most of us in Nigeria. The woman you pitied because she got $335 can get a helicopter to a fully funded hospital if she collapses. She can get social security, loans to pretty much buy anything she wants, insurance to take care of her most expensive health bills, and the assurance that the police and three helicopters will be at her location if she calls 911 even inside a forest.

I have no idea why you are calling me broke and bitter even though you don't know me, and I made no reference to your own status. I don't care about the dividends you received. Your story does not move me because that's not why I am here. I am simply letting you know that your reality is but a slim vista and that you can be more empathetic.

This Una conversation dey do me to enter.


Everybody cannot be rich but plenty poor people are poor because of their bad choices. One of those choices is not taking responsibility for their destiny

naturalflow:
Morgan should do something urgently on this their trade portal ooo,they say is system glitch,but we dey confirm trades going on.

They have already lost a lot of clients.

A lot of people no get joy in this NSEMPA platform, a lot of gbas gbos flying around. I don't blame anybody but, it is the reflection of the country today. We should all try to be calming down as this is not peculiar to any individual. It is a general thing, just do the best you can and try and put up a smile, if you carry the burden on your head, you will just die for nothing. Just try and take things easy.

jonnysessy:
A lot of people no get joy in this NSEMPA platform, a lot of gbas gbos flying around. I don't blame anybody but, it is the reflection of the country today. We should all try to be calming down as this is not peculiar to any individual. It is a general thing, just do the best you can and try and put up a smile, if you carry the burden on your head, you will just die for nothing. Just try and take things easy.

Who peace epp?

Everybody is enjoying the dividend of their sacrifice. Some have taken position for the next leg up (or down). Abeg let's do small violence.

When Access hit 60 we start to look for the next opportunity. Till then.......

Hear, hear.

This comment is more balanced na. Your previous one seemed to excuse our leaders (and I mean all of them, not just the current admin) for the perilous state of the real economy -- because the stock market is doing fantastically well. (Although, credit to you, you weren't arguing like others have here that massive, blatant corruption is somehow good for us.)

You do control your portfolio, but we who can speak grammar and move markets also collectively help shape the conversation we have as a nation going into an election season. Broadening the prosperity -- translating the pain of structural reform to sustained productivity gains -- must be the focus now, whatever your politics. Beginning with improving basics like electricity, security, and transportation logistics, which affect both the investor class and the poor.

Mankind2024:
Thank you for reading and for your honest response.
I never claimed the stock market is the economy, nor did I suggest that everyone can simply “discipline” their way out of poverty. I know the reality, high food inflation, widespread poverty, worsening insecurity, limited participation in the capital market, etc. Those are facts.

My post was simply sharing a personal testimony: how discipline, patience, and time turned my own savings into meaningful dividend income. It is possible for those who can participate, even if it’s only a small percentage of Nigerians right now. Celebrating that doesn’t mean I’m blind to the struggles of the majority.

You’re right that bad governance and weak institutions have contributed heavily to where we are. No serious person disputes that.
But waiting for perfect government before we take personal responsibility is also a trap. Many of the ordinary people building wealth quietly today started with very little, some during even worse economic periods.

My message has always been to those who can participate, start small, stay consistent, avoid greed and noise. Every person who builds financial independence reduces the burden on society, not increases it.

I’m not “uppity”, I’m just a grateful investor who chooses to focus on what I can control. Right now, I’m redeploying the dividends into quality names I already own (more Zenith, MTNN, and a few others I believe in long term). No hype, just steady compounding.
Wishing you good returns as well.

Lol. Of course. That is not at all in contention. I just took issue with the part of the OP post that I quoted, and nothing else. Consider me talking from the point of view of an empath. I know terrible things are happening, but I would never use poor,unlucky people to make a point regarding my own success; I feel the pain of many too much, even though I am mostly above it, by the grace of God.

I know how many adults’ school fees I’ve paid, money for fuel I’ve sent to hardworking, hustling people so they could run their generator and fridges and so forth to say something like ‘I don’t know why etc are cursing leaders because NGX gave me dividend’. It’s ok sha. As Una talk, let everyone do their reality dey go.

nosa2:
This Una conversation dey do me to enter.


Everybody cannot be rich but plenty poor people are poor because of their bad choices. One of those choices is not taking responsibility for their destiny

HesInMe:
Hear, hear.

This comment is more balanced na. Your previous one seemed to excuse our leaders (and I mean all of them, not just the current admin) for the perilous state of the real economy -- because the stock market is doing fantastically well. (Although, credit to you, you weren't arguing like others have here that massive, blatant corruption is somehow good for us.)

You do control your portfolio, but we who can speak grammar and move markets also collectively help shape the conversation we have as a nation going into an election season. Broadening the prosperity -- translating the pain of structural reform to sustained productivity gains -- must be the focus now, whatever your politics. Beginning with improving basics like electricity, security, and transportation logistics. which affect both the investor class and the poor.

The stock market is forward looking. This means that the stock market is expecting the economy to do very well in the future and I AGREE with the market.

BabsO2:
Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

without fair value gains the bank access is actually running at a loss. They are as bad as the subsidiaries they are acquiring. Risk free rate is 15%, the risk with that bank only God can safe them, when rate decline they might have more fair value gains on there bond e.t.c. are they only into fair value gains. The asset quality of their acquisition is some how, the bank operational cost is high too. Once they have negative equity it bye bye. People with short term memories have forgotten diamond bank errors on asset quality exposure. Even gtb got risk on overexposure to bonds. If return on equity from real earnings not more than 25% am not buying a bank stock in Nigeria. Our banks are exposed to political and regulatory compliance risks. Be careful what one is overlooking. For me Nigeria market no longer a bargain. Too much risk and no discount on equity prices today.

deathwing:
Lol. Of course. That is not at all in contention. I just took issue with the part of the OP post that I quoted, and nothing else. Consider me talking from the point of view of an empath. I know terrible things are happening, but I would never use poor,unlucky people to make a point regarding my own success; I feel the pain of many too much, even though I am mostly above it, by the grace of God.

I know how many adults’ school fees I’ve paid, money for fuel I’ve sent to hardworking, hustling people so they could run their generator and fridges and so forth to say something like ‘I don’t know why etc are cursing leaders because NGX gave me dividend’. It’s ok sha. As Una talk, let everyone do their reality dey go.

Who empathy epp?


Castro died a billionaire in dollars, $700m was found in a Swiss account of Maduro, Chavez left an estate of $11b.


Socialism is means of control and manipulation

deathwing:
Lol. Of course. That is not at all in contention. I just took issue with the part of the OP post that I quoted, and nothing else. Consider me talking from the point of view of an empath. I know terrible things are happening, but I would never use poor,unlucky people to make a point regarding my own success; I feel the pain of many too much, even though I am mostly above it, by the grace of God.

I know how many adults’ school fees I’ve paid, money for fuel I’ve sent to hardworking, hustling people so they could run their generator and fridges and so forth to say something like ‘I don’t know why etc are cursing leaders because NGX gave me dividend’. It’s ok sha. As Una talk, let everyone do their reality dey go.

Don't just give them fish, teach them how to fish.

Teach them how to change their thinking and their lives will start changing for the better

nosa2:
This Una conversation dey do me to enter.


Everybody cannot be rich but plenty poor people are poor because of their bad choices. One of those choices is not taking responsibility for their destiny

Why do you keep sounding this way.
When you whr canvassing for people to be part of your moringa farm.Which obviously later failed.Was it because of the wrong choice you made then because you whr too sure of it.Or nigeria happened to that choice or business idea.If anyone contributed his fund into it would it have been a wrong choice he made.The government is destroying small and medium businesses with bad policies and failing economy and you are talking about wrong choices. I have closed 3 businesses since this government came to power because of high cost of power to run and sustain the businesses and you dey tel.me stories. One of the business was closed because of security reason because I can no longer be travelling that way by road quarterly to go attend to affairs of the business so after alot of mismanagement because I no longer come around.,t closed shop

emmanuelewumi:
Don't just give them fish, teach them how to fish.

Teach them how to change their thinking and their lives will start changing for the better

Dey play. A man who knows how to fish is a man that will not bow to you tomorrow. How is that in your best interest?

Streetinvestor2:
Why do you keep sounding this way.
When you whr canvassing for people to be part of your moringa farm.Which obviously later failed.Was it because of the wrong choice you made then because you whr too sure of it.Or nigeria happened to that choice or business idea.If anyone contributed his fund into it would it have been a wrong choice he made.The government is destroying small and medium businesses with bad policies and failing economy and you are talking about wrong choices. I have closed 3 businesses since this government came to power because of high cost of power to run and sustain the businesses and you dey tel.me stories. One of the business was closed because of security reason because I can no longer be travelling that way by road quarterly to go attend to affairs of the business so after alot of mismanagement because I no longer come around.,t closed shop

Yes it was a wrong choice by me. People invested via debt and they got every penny back plus interest that was agreed. I ate the loss alone.

I own my mess ups. I learn from them and I keep it pushing. I am not going to sit down start whining and blaming the government.

Even if the government is messing up it is up to those suffering to do something about it.

I don't think this government is perfect, far from it, but so far they have done things no other government has been able to do for decades.

Does that mean they deserve a second term That is for each citizen to decide. No be me go tell you how your shoe dey pain you

I didn’t realize the people in this thread were actually so divorced from reality and therefore believe in their own hype. I no talk again. Make we dey talk Oando and Access dey go.

Streetinvestor2:
Why do you keep sounding this way.
When you whr canvassing for people to be part of your moringa farm.Which obviously later failed.Was it because of the wrong choice you made then because you whr too sure of it.Or nigeria happened to that choice or business idea.If anyone contributed his fund into it would it have been a wrong choice he made.The government is destroying small and medium businesses with bad policies and failing economy and you are talking about wrong choices. I have closed 3 businesses since this government came to power because of high cost of power to run and sustain the businesses and you dey tel.me stories. One of the business was closed because of security reason because I can no longer be travelling that way by road quarterly to go attend to affairs of the business so after alot of mismanagement because I no longer come around.,t closed shop

nosa2:
Dey play. A man who knows how to fish is a man that will not bow to you tomorrow. How is that in your best interest?

lol

Sugar price resilience today was second to none, dumpling meet accumulation bumper to bumper.

Aj8 logic work for me today, I wanted to take profit but I went to check the bids and offer and I see bumper to bumper competition between bids and offer, I just changed my mind.

I believed q2 results will look superb and the rally will be sustained looking at the trend of raw sugar price in the world.

That you sit in the comfort of your room with your phone or computer to play ngx does not make you smarter than people on the street who actually manages thr business. The are putting all effort to make it and not be poor. Then the government is running the economy via different policies which ends destroying the business and making them poor.And you tell me they made wrong choices. That is why many now resort to betting and some yahoo. Some of my friends have gone poor because of devaluation of naira to sharp curve within short intervals. And it cost them thr business capital and is not like big businesses that can just come to raise new capital,restructure thr loans or the loans written off.If you are not doing practical business I don't expect u to under what businesses on the street is facing
Well I don't blame some people because u just see 10,20,30 gain in your money for not doing anything or being part of the running of the particular business and you call yourself smart...what rubbish

deathwing:
I didn’t realize the people in this thread were actually so divorced from reality and therefore believe in their own hype. I no talk again. Make we dey talk Oando and Access dey go.

Did you hear the news about the comments from the moniepoint CEO?

See all those your charity cases, open a business and employ a few of them and you will see why they are charity cases.

In any case who reality epp?

Streetinvestor2:
That you sit in the comfort of your room with your phone or computer to play ngx does not make you smarter than people on the street who actually manages thr business. The are putting all effort to make it and not be poor. Then the government is running the economy via different policies which ends destroying the business and making them poor.And you tell me they made wrong choices. That is why many now resort to betting and some yahoo. Some of my friends have gone poor because of devaluation of naira to sharp curve within short intervals. And it cost them thr business capital and is not like big businesses that can just come to raise new capital,restructure thr loans or the loans written off.If you are not doing practical business I don't expect u to under what businesses on the street is facing

All this one na emotional blackmail.

nosa2:
Dey play. A man who knows how to fish is a man that will not bow to you tomorrow. How is that in your best interest?

I don't need anybody to bow for me. The more the merrier, the happier, the richer.

Expecting people to bow for me will affect my pocket and ability to invest, it is better to give a one off assistance that will make them independent, teach them what we know about saving, investment and money management

nosa2:
All this one na emotional blackmail.

How many practical businesses have you opened that is successfully Mr smart choice.
You can't even pull traffic to your platform .So if that iwas what was going to be paying you bills. How much do you think it could have been generating. Abeg go and be enjoying your 30-50 gamble on stocks.
Nigerians are hard working people .The government and business environment is failing many.Is not like they don't give opportunities a shot.
Look around you,new businesses spring up steady but die because of different government failed support for the economy to breathe. Many businesses have failed today because of two major things..power/security

emmanuelewumi:
I don't need anybody to bow for me. The more the merrier, the happier, the richer.

Expecting people to bow for me will affect my pocket and ability to invest, it is better to give a one off assistance that will make them independent, teach them what we know about saving, investment and money management

This goes against observed human behavior


The results explain why making everybody in society richer will not necessarily increase overall happiness - because it is only having a higher income than other people that matters.
Culled from article below
https://medicalxpress.com/news/2010-03-money-happy-richer-neighbors.html

Same Study
https://www.sciencedaily.com/releases/2010/03/100322092057.htm

But this is the internet so.......

Streetinvestor2:
That you sit in the comfort of your room with your phone or computer to play ngx does not make you smarter than people on the street who actually manages thr business. The are putting all effort to make it and not be poor. Then the government is running the economy via different policies which ends destroying the business and making them poor.And you tell me they made wrong choices. That is why many now resort to betting and some yahoo. Some of my friends have gone poor because of devaluation of naira to sharp curve within short intervals. And it cost them thr business capital and is not like big businesses that can just come to raise new capital,restructure thr loans or the loans written off.If you are not doing practical business I don't expect u to under what businesses on the street is facing
Well I don't blame some people because u just see 10,20,30 gain in your money for not doing anything or being part of the running of the particular business and you call yourself smart...what rubbish

This is a fact, I'm a business guy too n I understand this reality as well but I was lucky to act fast in 2023 because I saw this coming, I discussed it with my immediate friends why I felt money should be move into stock market some followed the advice while some didn't. I can tell u that the once tht did not are facing a lot right now..its very hard for business out there.

Many were thinking if I moved most of the money to the stock what will I be doing, people will think something is wrong, so emotional n I reason with them, we can't all believe in the same thing because even the stock could go wrong..

I can tell you, they realized they made huge mistake then n they are really paying for it darely.