₦airaland Forum

zendi:
Sitting on a $280b mountain of cash, said to be only half of his company's portfolio size, and refusing his loved one a humble request of $40,000 tied to a specific need, suggesting it's not a habitual pestering for money.........

Here is what a miser looks like, both in Africa and in America.
At 80+ what much time left does he have to share love?

He was only saying that if you want it, you earn it. The entitlement mentality is a bane to any society, and that's why most developing "backward" countries have a majority of their population with such a mentality.

Meanwhile, the old man already said some time ago that his children will not get much of his assets when he passes away--he plans to donate most of his money to charity or a foundation.

KarlTom:
As seen in the PO Statutory Announcement document...

Thanks! It's a long walk to freedom then. I remember reading the prospectus, but many other tangible things occupy one's mind these days.

When is GTCO allocating the public offer shares? Has anyone here gotten theirs credited to their CSCS or brokerage accounts? Thanks!

megawealth01:
https://www.benzinga.com/personal-finance/24/09/40881429/warren-buffetts-daughter-asked-him-for-a-41-000-loan-to-remodel-her-kitchen-but-the-billionaire-

Warren Buffett's Daughter Asked Him For A $41,000 Loan To Remodel Her Kitchen, But The Billionaire Told Her: 'Go To The Bank Like Everyone Else

He would be considered a ritualist if he was a Nigerian!!! Mentality.

megawealth01:
To qualify to buy a bag of 50kg rice for N40,000, you must have your NIN ~ FG

Tinubu is a madman. This scheme has always been one of his plans, but he is trying to implement it without people knowing and compromising it by bringing their brothers from neighboring countries up north. Although I strongly believe having a robust, accurate, and reliable national database is essential to effective poverty alleviation and a general social security system, people should not be dehumanized before we can establish a working national database usable for many economic and security planning purposes.

Confirmedzombie:
I have PHD 5yrs ago. I never made noise. Why all the hyping for a kangaro PHD in Islamic Law.

Mtcheeeeew

Had or have? Better say “I got my …” or “I received a …”

ChatterHouse:

What is the essence of that study?

Education is not for making money. The primary purpose of education is to emancipate human mind and contribute to the advancement of humanity. The secondary purpose is enhanced employment opportunities. When poverty mentality overthrows reasoning and the purpose of a tool is not understood, the tool is overly abused as education has been bastardized in Nigeria and Africa. However, the idea of education for money (or employment purpose) was borrowed from modern America and Europe where capitalism has taken over and is corrupting everything!


If only Nigerians can stop diploma syndrome, the economy will greatly benefit! No hard feelings!

edwardaigb:
I have not

Alright. It’s good to know I’m not alone, but it’s not telling well on the company. I hope the militants have not taken the dividends for their requested ransom.

Are there any qualified persons who haven’t received Okomuoil interim dividend?

press9jatv:
https://thewhistler.ng/adeleke-will-cry-in-2026-osun-pdp-members-warn-govs-sister-against-imposing-lg-poll-candidates/

Watch the video of Protesters here carrying placards 🪧 in the 30 LG in Osun State.



https://www.youtube.com/watch?v=9fC1Opt5r-g?si=ZiZut6OZi7vE4OPK

Iragbiji Local Government Poor reportage.

Joyful365:
Please I need investment advice.

I'm kinda stuck investing my $15000 funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

Beware of vultures. Don’t mention your portfolio size online. You’ll be attracting scavengers!

[quote author=BullBearMkt post=131472435]lol!
The word bunkering means fueling or refueling a ship. We all know how we "use" wordings in Nigeria. That is why I said in Nigeria context. Bunkering (stealing of crude oil) in Nigeria is illegal. I am sure GEJ would have mentioned fueling your ship is legal. He's from Niger Delta, he knows what bunkering means very well.
[/quote] No, he said what I said. Bunkering is not illegal, but illegal bunkering is our problem. Go dig out his speech.

BullBearMkt:
In Nigeria context, bunkering means stealing of crude oil. It is illegal; don't sugarcoat it.

Well, that's in street language . However, technically and formally (by the law), "bunkering" is not illegal. It is more or less a supply chain process.

megawealth01:
So bunkering is not a crime in Nigeria?

No, it's not. Even a former president (GEJ) said it on national TV.

Bizibi:
in the case of illegal bunkering,the military is heavily into it and they don't work on their own,the same thing with the hausa/fulani. We are not even 10% anymore because of tompolo's job to eradicate bunkering.his kinsmen can't do anything......

For clarification, bunkering is not a crime or a bad thing. However, illegal bunkering is a crime and a bane of the oil and gas industry.

dammybrite:
UBA

That explains it. I believe Afriprud couldn’t deliver the dividend beneficiaries list to other banks before CoB on Friday. The rest of us not banking with UBA should get our dividends on Monday.

gbengafaro1986:
strange....UCAP didnt run us our coins

Same here

dammybrite:
They did, although it was late in the night that I got it too

Who do you bank with?

awesomeJ:
You mean figures 2,6,8 and 0 are in the rough answer too.

I wish I knew to use this update for my maths teacher.😁😁😁

Say he don go …

skydiver01:
17.55%x13/365xN100m is N625,068

Yes, you're right; I only did a rough calculation to inform him. Morever, a figure 6 still appeared in the rough answer.

petux:
Good evening everyone, someone sent me a list of secondary market tbills with there tenor and I saw the 13 days tenure at 17.55%, is that really true? I refuse to believe the rate could be that high, house please advise me because I plan on putting all my life savings on this. Thanks

Just to clarify, I hope you know that rate is per annum. In 13 days, you’ll only get ~17.55%*(13/365) = 0.2689% of your investment face value minus fees and charges. So, if you invest N100m, you’ll get less than N268,900.

Emndy:
As far as longterm growth and valuation is concerned, Presco don leave Okomu for tarmac.
Even Okomu's CEO said it. They don't have any expansion plans.

Presco na boss now. Dem no be mate.

Both are quaility businesses by the way.

No problem, we'll still enjoy the ride. Okomu will continue the trend until Monday. That would be at least a 20% run in two days.

Okomu is stepping up to reclaim its position ahead of Presco. Offers have dried up, we are on a full-bid regime!

akinola98:
I don’t understand o ….. does it mean if someone has like 1000 shares in UCAP …. The new bonus will 2000 more shares ….. making a total of 3000 shares altogether? Right ??

However, a price mark-down to about one-third (1/3) of the qualification-date price will happen post bonus payment.

Agbalowomeri:
Yes

Cool Agbalowomeri ... Meri o ba ku, e no concern you.

Thanks.

Just a quick question house. Can a broker like Morgan Capitals buy TBills for clients? Account officers are messing up from afar, and I need an alternative.

@Mercy?

“At different times spanning two weeks, different sums – $500,000; $200,000; N2,000,000; N50,000 and N30,000 – were requested from Collins’ dad,”

It’s this for me. From $700,000 to a mere N30,000. 😂

N3cR0mAZc3R:
I digress bro. Someone else may be able to let you know later on. As for now I can't help.

You consider yourself an authority, whereas you don't know who you're conversing with. I am stating those as facts, I am not asking if it's right or wrong. You go and learn from people who are more knowledgeable than you on this, maybe they can further enlighten you.

N3cR0mAZc3R:
We have no tiger nor have our fore fathers ever seen it in yorubaland. Leopard is what hunters called ogidan ọlọ́lá iju he who have sharp claws and make tribal marks without marks (Leopards claw is described as being similar to a living chain saw).

Leopard is Ẹkùn or ogidan.

I made this thread so I know what I am saying.

That’s far from the truth. There was no way to call a leopard ekùn. The name ekùn came from the humming sound that tigers make, which leopards don’t. Even if tigers are now extinct in the present day “Yorubaland”, they existed and the forefathers also saw tigers (which they called ekùn) in other kingdoms (Bariba/Borgu, Dahomey, etc.). Ogidan ọlọ́lá iju, akomo nílà lai lo abe refers to tiger’s sharp claws that it uses to scratch its prey as if making tribal marks on a child.

N3cR0mAZc3R:
Incorrect. A leopard can kill faster than a cheetah but not run as fast. There's a difference between agility and being fast.

A leopard is quicker but a cheetah runs faster.

Leopard is ẹkùn, Àmọ̀tẹ́kùn is cheetah.

Ekun is tiger. It’s also called ogidan.

Was there a primary market yesterday?

IYGEAL:
Banks don't pay upfront interest or they do?

I subscribed via Standard Chartered and I don't think they paid upfront.

For TBills, you get your interest upfront at the time of a successful bid, except you advise them to reinvest your interest. Any other arrangement is a scam.

Odunharry:
Investment firm.

Chat me on 090.. 7005..8..2...8.Nine for more

Lol no. The true yield of a 20% pa rate at a commercial bank is higher than what investment firms will offer because they won’t pay upfront interest.