nikkyshyne:
Well, I have never experienced such. Still had my delicious shawarma from them yesterday. You prolly was unlucky. One of those things. 'Best shawarma" serves the best shawarma in Lagos as far as I am concerned. No vex biko.

I have to agree with nikkyshyne, the reviews on our restaurant review site (ofadaa.com) also suggests Best Shawarma in Surulere is one of the best Shawarma joints in Lagos. Hope it works out well next time

ceminez:
The guy said Indian, Chinese Restaurants, not mama put

Yes he did - that's why I provided a link to all the Ibadan restaurants in the ofadaa.com database.

To make it easier - see below the restaurants:

Indian
Zen Restaurant, Jeriho
Kakanfo Inn, Off Mobil Petrol Station, New GRA

Chinese
Cuisine 'n' Chops, Old Bodija
Chiefs Kitchen, Heritage Mall
Golden Dragon - Premier Hotel
Kabachi Chinese Fusion Bistro, Ventura Mall
KunFung, Oluyole

princetom1:


Post it here ar share a link. Am visiting Ibadan again first week February

The list is a little long - see here for full details http://ofadaa.com/ibadan/restaurants/features/buka-type. Will be interested to hear your feedback on any restaurants you do try. Safe Travels

felifeli:
Please NO Kfc, Mr Biggs, Shoprite, Chicken minini ... or any place which has meat pie and donuts on the premises. Is there any other ethnic restaurants in Ibadan ? Chinese, Indian, Italian etc ?

Today, on our restaurant review platform, we have around 100 restaurants in Ibadan (continues to grow everyday) and includes a bunch of Chinese, Indian and Italian restaurants. Folks said these places didn't exist in Ibadan but we have proven them wrong. Of course, we still have our full list of local mama puts / bukas. Enjoy!

Enough amala threads sha...this is serious business o!

princetom1:
I live in lagos, know a few places i can get correct swallow, like BELGIUM = mile 2, AMALA FIRST BANK = marina, WHITE HOUSE = yaba. There are many other places i don't know the name, like the one in shita, close to stadium in surulere ( my niggas dem sabi all ) . I have even went to somewhere in shagamu, just to wet my swallow appetite. Guys that works hard and live in lagos understand me.

So, am visiting ibadan, and i heard its the HEADQUARTER of amala and swallow joint in west africa. So, my bobos and babes in the building, help me out to discover all those places with the best local amala joints in Ibadan.

Next time you visit Ibadan, the capital of Amala - we have around 20 mama-puts / Bukas in our collection with addresses, opening times etc.

Lofx:
Please where is yakoyo Lekki? I only Know Amala 4 Real but it appears they are only open on workdays. What Amala joint doesnt open on Weekends? meaning i will have to call in sick at work just to get Amala...

There are two different yakoyo joins - one in Ilupeju (217 Ikorodu Road) and one in Lekki (Lekki Beach Road, off 5th roundabout)

If you need more buka / mama-put joints around Lagos, you can check http://ofadaa.com/lagos/restaurants?features=buka-type

naijatoday:

$14Billion?

How did they arrive at this number, and what companies will be under Dangote Cement?


The only reason I am asking is because Lafarge the largest building material manufacturer has a market cap of 11.2 billion pounds.

I know right - really interested to understand this valuation as well. We will see the docs and hear more from research analysts

Nigeria Approves $14 Billion Dangote Cement Listing, to Add 37% to Market
By Vincent Nwanma - Sep 8, 2010

Nigeria’s stock exchange approved a 22.09 trillion-naira ($14 billion) listing of Dangote Cement, the nation’s biggest producer of the building material, which will increase the bourse’s market capitalization by 37 percent.

The company will be created out of the merger of Dangote Cement and Benue Cement Co., the Lagos-based bourse said in an e-mailed statement today. A total of 15.5 billion shares for the will be listed at 135 naira each, the exchange said, without giving further details. Afrinvest (West Africa) Ltd. will introduce the issue, according to the statement.

The Nigerian bourse, sub-Saharan Africa’s second-biggest after South Africa’s, currently has a market value of $37.2 billion. Dangote is owned by Nigerian billionaire Aliko Dangote, whose Dangote Group has interests Dangote Sugar Refinery Plc, National Salt Co. Nigeria Plc, logistics and real estate.

“It is a very important development because it will boost confidence in the market,” Bismarck Rewane, chief executive officer of Lagos-based Financial Derivatives Co., said by phone from London today. “The listing is another opportunity for investors to participate in a company that has become the leading producer of cement in Africa.”

Dangote Cement has projects and operations in Nigeria, Benin, Senegal, Zambia and Ghana.

Shareholders of Dangote Cement and Benue, in which Dangote has a stake, will meet on Sept. 28 to pass resolutions on the proposed merger, the two companies said in statements published in ThisDay newspaper yesterday.

http://www.bloomberg.com/news/print/2010-09-08/nigeria-stock-exchange-approves-merger-of-dangote-cement-and-benue-cement.html

LAGOS (Reuters) - Nigeria's biggest cement maker Dangote Cement will list on the stock exchange on November 5 after a planned merger with Benue Cement, creating the country's largest company by market capitalisation ahead of an anticipated building boom.

The deal values the newly-formed Dangote Cement Plc at around $14 billion through the listing of 15.5 billion shares at a price of 135 naira. Benue Cement shareholders will receive one share for every two Benue shares held, according to a statement from the stock exchange.

Merger documents seen by Reuters said shares in Benue Cement, which were already trading at the pre-merger price of 67.50 naira on Tuesday, would be suspended on October 22 before trading in Dangote Cement shares begins on November 5.

The newly listed company, owned by billionaire tycoon Aliko Dangote, will account for more than a third of the total capitalisation of the Nigerian Stock Exchange, which currently stands at 5.94 trillion.

Dangote, one of only two Nigerians on the Forbes billionaires list, already owns 75 percent of Benue and the stake of his Dangote Group in the new entity will rise to 95.9 percent after the deal.

The free float of the new entity will be 4.1 percent. The merger stills needs final approval from shareholders in both companies and from the Securities and Exchange Commission (SEC).

"The primary objective of the merger is to streamline the management and governance of both companies," Dangote said in a letter to shareholders in the two firms, adding that all the necessary pre-merger approvals had been received.

He said the scale of the new entity would allow it better access to financing, as well as consolidating supply and distribution chains, reducing costs and helping increase cement production more quickly.

Nigeria's cement industry is gearing up for a sharp increase in output in the coming years as government and private sector infrastructure spending rises.

The Cement Manufacturers' Association of Nigeria expects production to rise to 20 million metric tonnes by 2012, almost double the level expected this year and a figure which could turn the country from a net importer to an exporter.

Demand from the rest of Africa is also expected to rise and Dangote has said he wants to position the company to be able to meet that need.

"Growth is expected to be very rapid if the government commences work towards its Vision 2020 programme for housing and transportation, which according to industry estimates would consume about 919 million metric tonnes of cement over the next ten years," Dangote said in the letter.

The Dangote Group, one of Nigeria's largest conglomerates, already controls more than half of the local cement market with its wholly owned Obajana and Ibese plants, the controlling stake in Benue Cement, its role as a joint venture partner in Unicem Cement and four import terminals.

The merger documents estimated earnings per share of the new entity would reach 16.98 naira in 2011, compared with standalone earnings per share this year of 5.26 naira for Benue and 7.85 naira for Dangote Cement.

It also expected to pay a dividend of 11.99 naira per share for 2011 if the merger goes ahead.

http://af.reuters.com/article/investingNews/idAFJOE6870DM20100908?pageNumber=2&virtualBrandChannel=0&sp=true

LAGOS (Reuters) - Nigeria's biggest cement maker Dangote Cement will list on the stock exchange on November 5 after a planned merger with Benue Cement, creating the country's largest company by market capitalisation ahead of an anticipated building boom.

The deal values the newly-formed Dangote Cement Plc at around $14 billion through the listing of 15.5 billion shares at a price of 135 naira. Benue Cement shareholders will receive one share for every two Benue shares held, according to a statement from the stock exchange.

Merger documents seen by Reuters said shares in Benue Cement, which were already trading at the pre-merger price of 67.50 naira on Tuesday, would be suspended on October 22 before trading in Dangote Cement shares begins on November 5.

The newly listed company, owned by billionaire tycoon Aliko Dangote, will account for more than a third of the total capitalisation of the Nigerian Stock Exchange, which currently stands at 5.94 trillion.

Dangote, one of only two Nigerians on the Forbes billionaires list, already owns 75 percent of Benue and the stake of his Dangote Group in the new entity will rise to 95.9 percent after the deal.

The free float of the new entity will be 4.1 percent. The merger stills needs final approval from shareholders in both companies and from the Securities and Exchange Commission (SEC).

"The primary objective of the merger is to streamline the management and governance of both companies," Dangote said in a letter to shareholders in the two firms, adding that all the necessary pre-merger approvals had been received.

He said the scale of the new entity would allow it better access to financing, as well as consolidating supply and distribution chains, reducing costs and helping increase cement production more quickly.

Nigeria's cement industry is gearing up for a sharp increase in output in the coming years as government and private sector infrastructure spending rises.

The Cement Manufacturers' Association of Nigeria expects production to rise to 20 million metric tonnes by 2012, almost double the level expected this year and a figure which could turn the country from a net importer to an exporter.

Demand from the rest of Africa is also expected to rise and Dangote has said he wants to position the company to be able to meet that need.

"Growth is expected to be very rapid if the government commences work towards its Vision 2020 programme for housing and transportation, which according to industry estimates would consume about 919 million metric tonnes of cement over the next ten years," Dangote said in the letter.

The Dangote Group, one of Nigeria's largest conglomerates, already controls more than half of the local cement market with its wholly owned Obajana and Ibese plants, the controlling stake in Benue Cement, its role as a joint venture partner in Unicem Cement and four import terminals.

The merger documents estimated earnings per share of the new entity would reach 16.98 naira in 2011, compared with standalone earnings per share this year of 5.26 naira for Benue and 7.85 naira for Dangote Cement.

It also expected to pay a dividend of 11.99 naira per share for 2011 if the merger goes ahead.

http://af.reuters.com/article/investingNews/idAFJOE6870DM20100908?pageNumber=2&virtualBrandChannel=0&sp=true

LAGOS (Reuters) - Nigeria's biggest cement maker Dangote Cement will list on the stock exchange on November 5 after a planned merger with Benue Cement, creating the country's largest company by market capitalisation ahead of an anticipated building boom.

The deal values the newly-formed Dangote Cement Plc at around $14 billion through the listing of 15.5 billion shares at a price of 135 naira. Benue Cement shareholders will receive one share for every two Benue shares held, according to a statement from the stock exchange.

Merger documents seen by Reuters said shares in Benue Cement, which were already trading at the pre-merger price of 67.50 naira on Tuesday, would be suspended on October 22 before trading in Dangote Cement shares begins on November 5.

The newly listed company, owned by billionaire tycoon Aliko Dangote, will account for more than a third of the total capitalisation of the Nigerian Stock Exchange, which currently stands at 5.94 trillion.

Dangote, one of only two Nigerians on the Forbes billionaires list, already owns 75 percent of Benue and the stake of his Dangote Group in the new entity will rise to 95.9 percent after the deal.

The free float of the new entity will be 4.1 percent. The merger stills needs final approval from shareholders in both companies and from the Securities and Exchange Commission (SEC).

"The primary objective of the merger is to streamline the management and governance of both companies," Dangote said in a letter to shareholders in the two firms, adding that all the necessary pre-merger approvals had been received.

He said the scale of the new entity would allow it better access to financing, as well as consolidating supply and distribution chains, reducing costs and helping increase cement production more quickly.

Nigeria's cement industry is gearing up for a sharp increase in output in the coming years as government and private sector infrastructure spending rises.

The Cement Manufacturers' Association of Nigeria expects production to rise to 20 million metric tonnes by 2012, almost double the level expected this year and a figure which could turn the country from a net importer to an exporter.

Demand from the rest of Africa is also expected to rise and Dangote has said he wants to position the company to be able to meet that need.

"Growth is expected to be very rapid if the government commences work towards its Vision 2020 programme for housing and transportation, which according to industry estimates would consume about 919 million metric tonnes of cement over the next ten years," Dangote said in the letter.

The Dangote Group, one of Nigeria's largest conglomerates, already controls more than half of the local cement market with its wholly owned Obajana and Ibese plants, the controlling stake in Benue Cement, its role as a joint venture partner in Unicem Cement and four import terminals.

The merger documents estimated earnings per share of the new entity would reach 16.98 naira in 2011, compared with standalone earnings per share this year of 5.26 naira for Benue and 7.85 naira for Dangote Cement.

It also expected to pay a dividend of 11.99 naira per share for 2011 if the merger goes ahead.

http://af.reuters.com/article/investingNews/idAFJOE6870DM20100908?pageNumber=2&virtualBrandChannel=0&sp=true

For those who can't cook or have no time to cook Bookmark Ofadaa the essential guide to restaurants in Nigeria. ofadaa is a food reviewing community focused on restaurants in Nigeria - you rate the restaurants and write the reviews.

Feedback always welcomed

---
http://ofadaa.com

"As we approach the elections, we don’t have much time. We need to start thinking about how the Nigerian web community can be an integral part of the election process by making the dissemination of information easier and transparent"

Please read the post at Agegelabs to share your views

http://www.agegelabs.com/2009/05/14/2011-nigeria-elections-a-proposal

Jay-Z will be back in Nigeria on tour in October at Ocean view as part of his international tour

http://www.cafe151.co.uk/notebook/2006/08/jay-z-to-tour-nigeria-and-south-africa/

On my blog, http://www.cafe151.co.uk/notebook/, I sometimes try to cover the Business and entrepreneurship topics.

However, for those interested in finding more blogs about these topics, visit http://andrewbfife..com/2006/06/65-vc-angel-investor-blogs.html

The site lists over 65 blogs. Read till you drop and be inspired!

Seun, nice one!

Efik_ibo,
Surely when you said "best lines"... you meant it will (or used to) work for you.

Freedom Toaster (South Africa), "a conveniently located, self-contained ‘Bring 'n Burn' facility, where users bring their own blank discs and make copies of the open source software they require."

I see the idea of investing has been shot down in the forum recently, this is fine. However investing is one way of diversifying wealth. So I am interested in what kind of platform exists in Nigeria e.g where company press release, share price graph, broker list and possibly online brokers can be obtained.

Effectively I think it will be good idea to collect all websites that are available with information on investing or companies listed on the Nigeria stock market.

PS: Warren Buffet started by investing in the stock market using the somewhat famous "Value investing" method.

List of websites so far:

Stockbrokers
www.cashcraft.com
www.experesson-line.com and
www.africanfinancialmarkets.com
www.amyninvestments.com/

Company Information
www.allafrica.com