₦airaland Forum

David0:
Union Bank recently launched a music video as part of her 100 years celebration.

I can't stop dancing to the song

You can't stop dancing because you were paid to run social media publicity ko?

gbosaa:
His shrieking voice was very annoying. He is worse than a clown.

Lol! I salute their effort and initiative, but the Dele character diminishes from the significance of the message.

This is very unfortunate.

If this true, I don't understand how the staff also agreed to stay behind or how the security agreed to enforce such an order. The whole town should boycott the company and then we'll see who needs who. There are things we can do as citizens to defend our rights, we need to take responsibility now and not blame or call on the FG as if we are powerless.

Its always about more than just pant.

niyoni:
Many thanks. Happy Independence!

Same to you my brother.

niyoni:
Hi. Please What's the tank capacity of the said generator and how's the fuel consumption in specifics i.e how many litres of fuel burns per hour of usage?

The tank takes about 28 liters. And burns at just under 1 ltr/hr. Once on, it powers 2.5kv inverter, 2 tvs, 2 fridges, 4 fans, a bunch of lights, coupla pcs and general household electronics. The security house is also connected.

You've done your study, how can we confirm whether your study is enough if you don't share the findings from the study.
I'm not sure you understand how smart phone charging works. Most phones come with software that regulates charging function-smart charging if you may.
Overcharging is a thing though but not where power supply is epileptic.

gabolak:
May be you don't even know that the judgement is just a temporary court order that doesn't last till eternity.
Let me take the pain of educating you pls; it has a very short expiry date & as such it doesn't require any serious procedure to be evacuated.
You can thank me later.

My brother, I don't understand what is wrong with our generation. All you need to do is to read the orders to know that the they are temporary. No court will grant a perpetual injunction to stop Government Agencies from carrying out their natural functions. Why would anyone bring a temporary order made since Nov 2016-one year ago- to make an argument about unfairness.

todaynewsreview:
Here is the Order of Federal High Court, Ado Ekiti, restraining the EFCC or its agents from arresting any government official in Ekiti State, except anyone indicted by the State House of Assembly. The order of November 2016 is still subsisting as EFCC did not appeal it.

More here: http://www.naijabloggersforum.com/p/53/order-of-federal-high-court-restraining-efcc-from-arresting

Cc: lalasticlala

Enough of this nonsense from lazy, brown-envelope bloggers masquerading as journalists. Didn't you read that the orders were granted based on a Motion Ex Parte (without hearing the other side). The Order was made in November 2016 and was made pending the hearing of the Motion on Notice which is heard within 7 days based on the Federal High Court Civil Procedure Rules. This means that the Interim Orders lapsed since November 2016.
Even if anyone is being highhanded, what do you profit from publishing fake news
SMH

The real question is whether these figures represent Jumia worldwide or just Jumia Nigeria. I don't believe the use of such bogus figures without a proper context in the story. This is a poorly written report. Do you know what it means for a company to record that sort of loss in one single economy? They definitely have a different income statement for Nigeria.

Prof I hail, the carb of my Sumec Firman Eco 8990 ESR is quite dirty and causing sputtering. Can you recommend where I can get a new one and advise as to the cost. The gen has served well. Its going on 3 years now.

All these yeyecious bloggers, una done see food, Nigerians no go hear word. If na news una dey report, enter Sambisa or Anambra mek we know.

Explorers:
Things have changed, kids are getting smarter daily thanks to technology(Internet, cable&devices).
Those days of Keypoint.

My brother! It was a life of struggles.
Struggle to buy form.
Struggle to fill form.
Struggle to submit form.
Struggle to prepare.
Struggle to know your Exam center.
Struggle to do the exam.
Struggle to check results.

Keypoints na the google of those days.
What a lost generation.

Shameless op. You are sharing private pictures under the guise of reporting... kontinu. Cybercrime Act is waiting for you.

What tab holders do you have in stock, where are you and whats the cost?

phoenix480:
@ Rainmaker69
I humbly disagree with some of your comments (unless I misread them).
While some of the Top 20 richest people made their money in different sectors, the majority of them have invested heavily in Real Estate - which has increased their net worth over the years.

On the political forces, they are so strong and deeply embedded in the system, I doubt if there would be ever an Equilibrium any time soon.

I acknowledge your point with regards to the heavy investment in Real Estate and I think we both agree on this. The point i was trying to make is that their investment in Real Estate is used to further their businesses. Examples like Walmart, Berkshire and Zara fit this model. Its based on the same concept that Ray Kroc used with the McDonald franchise. His real holdings formed a significant portion of his networth.
They don't just buy the real estate to resell or hedge the way we do here.

phoenix480:
Thr truth is the Real Estate market was badly hit during the last recession. There just were not a lot of liquidity causing massive Supply gluts.
It is really a buyer's market and it will not last forever.
Some of the discounts are really tantalizing .

Btw, we are still waiting for the golden nuggets on your land development, reclaim and resale plus leasing modules.

I think the real estate market hit was really bad because property prices were not determined by market forces but by Political exposure. The recession created a market stabilization but political forces are so strong that we aren't at equilibrium yet. Sadly, it really won't last forever.
Its so hard to pass over some of these distress sales, some really tantalizing deals.
I wish I could lay claim to authorship of the modules you referred to, alas, I am also in line to receive from erico2k2. I find there are many things to learn from how the West develops business models.

erico2k2:
I'm speaking from expirience . I have bought and sold houses in London . The profits are u.speakable .
The richest bankers earned thier money from real estate by buying up stocks and properties after the world wars . I have gone fru your post and I'm extremely suprised a person like you will say such in your initial post . Real estate is the way to go with the right business module .

My brother, I didn't say Real Estate is not a good investment- that would be a hypocritical statement coming from someone with investments in the industry. What I meant is that Real Estate (especially in Nigeria) is a safe form of investment. As you know, safe doesn't mean best.
Lets take a look at the 20 richest people in the world (I don't mean them Dieziani oh, lol) and see how many of them are into real estate as a core business. You will find the list dominated by Tech, Retail and Hospitality. Real estate is developed and used for business.
Over here, we grab and hedge, waiting for the perfect time to sell and make a killing. That's because the majority of the people who buy Real Estate are not in the real estate business. Sadly, society cannot develop that way.

erico2k2:
Yes true but I think it's the module you approach it with.this is the advantage people who live abroad have over home based business men . If I was a developer I will target land development ,reclaim and resale plus leasing . That's the three module I will approach the Nigerian market with . Over here in the UK your rent will pay the mortgage and after few years you can release the equity to re invest in another or improve the same one to increase the value .

erico2k2, from an industry point of view, the Rent-2-Own Model can work when the beneficiaries buy to use as opposed to the practice of grabbing to hedge. There are many other factors that should be in place.
As Phoenix480 pointed out, there are several reasons why this policy may not be realizable en masse in Nigeria- weak regulatory systems, fluctuating interest rates, inflation, insecurity and so on. I have a close relation who buys, develops/remodels and sells. Although He is very wealthy by UK standards, he only works on one site at a time. He doesn't use his capital on more than one project at a time, for financial reasons.
I would like to learn some more about the business model that you propose, especially with respect to how we can use it here in Nigeria.

phoenix480:
I dont think Rainmaker69 is disagreeing with real estate being a good investment (I may be wrong though).

I suspect he is only trying to highlight some of the challenges of owning properties in Nigeria, which people either convieniently ignore or genuinely do not know. You will also
agree that some of the challenges mentioned are peculiar to us here compared to Western Countries.

Thank you very much for your intervention. You captured the essence of my comment. Real Estate is generally a safe investment but thats a very general rule. I'm not saying its not a good vehicle, I'm just saying that the general rule does not always apply generally. Apart from our land-use challenges in this part of the world, even the West has its share of property woes. You will recall the global economic crash caused by the massive failure of sub-prime mortgages.
Simply buying Real Estate to shore up money isn't a fool-proof investment strategy. There are so many distress property sales in Lagos and Abuja because its currently a Buyer's market. The industry is suffering from a liquidity crisis. If Agents even think you have a serious buyer, they will call you more than Christ Embassy Evangelism Unit. Even Banks have stopped lending to Developers unless the Developer can provide up to 70% of the total cost, subject to several factors.
I admire Ray Kroc's business model, the land he acquired was put to use by renting to McDonald's Franchisees. Real Estate should be developed- I digress.
Thank you Phoenix480.

erico2k2:
Ok I will go fru your post here on Nairaland let me see your contribution to the property section . I will judge from therr yoyr expertise . I also recon you do so to mine .

My brother, please respond to the post you quoted, I'm not a social media property consultant. I operate in the real world, we can connect and take it up from there.
I would like your candid response to the post you quoted.

Bloggers sha... reaction wey no be reaction. Copied from another blogger.

erico2k2:
You have no clue in Real Estate Biz

Why not respond to the points raised? You have no way of knowing how much i know or don't know. You have only succeeded in revealing how shallow or empty your thinking process is.
For your info, I own land in at least 2 of Nigeria's most viable states and a timeshare outside Nigeria. I'm also a professional who handles property transactions including management and recovery, with more than 15 years experience.
To summarise for you, I have the credentials and experience to speak on these issues.
Don't join the bandwagon, think for yourself my brother. I suspect you're an agent and this is a knee-jerk reaction, that's one of our problems in this country. Speak to the points please, your market go still move.

talk2riel:
All the people saying the guy did something shoddy to get the certificate, don't you think someone higher than him has being deliberately sabotaging the registration and guyman has become a threat to him?

It's a possible but improbable conclusion. There's definitely more to the story than what we see on the surface. Especially if the order came from the same management that commended him.
Another point one should note is that nothing is said about his overall performance at the company esp in relation to what he was hired to do. If he does another person's work well but fails at his own job, then he's on his own.

The complaints are nonsensical. How does an accountability-based reporting system make work difficult? Only in Nigeria. A worker on secondment will clock in to the secondary office. Any staff who has to spend more than 6 hours outside the office is a truant or a thief stealing government time. Those on essential service work in shifts which can be timed to meet the clocking requirements.
Civil service truancy is the bane of the public sector and poor states like Kogi are often hit the worst. Most Civil servants don't go to work, the civil service is just a hustle to make side money. So sad.

One of the biggest lies sold to the modern world is Real Estate ownership as a good form of investment. Although real estate as a vehicle provides a 'safe' way to tie up money, you will find that unless its a short term purchase, recouping the purchase value of the property will take more than 10 years. In real life terms, that's a slow investment. That's leaving out factors like inflation, and the monetary cost of perfecting title, ground rent, tenement rates, property maintenance and reasonable wear and tear.
Interestingly, liquidating real estate is a source of headache for many owners, especially when the property is not 'prime'.

tortorri1:
1. Thou Shall Strive To Be The ‘First Customer Of The Day’ At Every Shop You Patronize.
Many Nigerian shop owners have this belief that their sales throughout the day are somewhat dependent on the way they treat the first customer to patronize them. So whenever they receive the first customer of the day, they go the extra mile to make sure the person feels extra special and leaves their shop happy and satisfied, even if it means selling to them at highly cheaper discounts.

Having learnt about this, I always try as much as possible to do my shopping in the morning Just so that I don’t miss the rare opportunity of being the first customer at any of the shops I would be patronizing so as to get the “first customer of the day” discount on everything I would be buying. Even though I’ve been quite fortunate in my quest many times, I’m not always lucky. Not every shop owner actually buys into that superstitious belief.
Source:http://www.tortorri.com/2017/09/8-commandments-of-shopping-in-nigerian.html

Nice article... I think this point is not captured right. The belief is that amount of the first sale determines the sales for the rest of the day. They would rather prefer the first sale to be lucrative. This means that first customers may be taxed more than usual.

I pray they're fake soldiers and that the facts are as you presented. Otherwise, expect a violent and gory reprisal attack. I advise residents who don't have the liver to move out of the estate for a few days until the true state of things can be ascertained.

Babangida Aliyu, that one na human being? Abeg shurrup there.

We Christians on this side of the Atlantic need to really invest time in studying the bible in plain English. We can be religious and hypocritical.
What is a secular song? Is God not the ultimate source of all inspiration? Is your national anthem not a secular song? God can speak through anyone and most times he chooses the unqualified.
A Pastor once said to my hearing that He would rather put his sermon on Sound City than on TBN cause that's where the Word of God needs to be heard. If Nikki will take God's word to the world, we should encourage more collabos. Maybe Don Moen ft Nikki or Kunle Ajayi ft Drake.

NANS should file a Class Action suit against ASUU and the FG.
First, ASUU has no business disrupting the Academic calendar. What steps have they taken to improve the quality of University education with the current resources they have?
Secondly, the lecturers are contractually bound to provide services, as at when due, to Students who have paid for an education.
This issue pain me, nor be small.

Then people should invest in casket-making companies.