₦airaland Forum

cococandy:
Dissolving the bride price thug altogether would have been better.

thorpido:
They should have just cancelled bride price too.Why receive and make returning unconstitutional?

The fuuktard called Joromi1 can't understand that simple argument.

Those are the kinds of cretins our failed education system is producing.

Reasoning zero.

Skelewu 110% expert.

Joromi1:
You're a fool!

You are a cretinous fuuktard!

Did you think you made sense with the junk you wrote, cretin?

grownaira:
I don't get u boss

That was not directed at you, mate. The person it was directed at understands.

Katastrofy:
The Federal Airports Authority of Nigeria (FAAN) on Wednesday issued a seven-day ultimatum to owners of abandoned aircraft at the graveyard of the Murtala Mohammed Airport (MMA), Lagos, to evacuate them.

The FAAN Director of Airport Operations, Capt. Henry Omeogu, said this in a statement issued in Lagos while on safety inspection at the Murtala Mohammed Airport Domestic Terminal 1.

Omeogu said the Authority was ready to dispose the aircraft, in line with the provisions of the International Civil Aviation
Organisation (ICAO).

According to him, the action has become necessary due to recurring operational hitches that have been posing serious safety concerns to aircraft and some infrastructure at the terminal.

He added that this was to forestall situations where unscrupulous elements would use them as hiding place to perpetuate criminal activities.

The director, however, appealed to owners of the aircraft, some of which had been parked at the graveyard since 2005, to immediately remove them.

He said the Authority would continue to do everything possible to ensure the safety and security of travellers and other airport users, in line with its mission statement,

Omeogu enjoined stakeholders to partner with the Authority to ensure safer and more secure airports.
http://www.ngrguardiannews.com/2015/08/faan-issues-7-day-ultimatum-to-owners-of-abandoned-aircraft-at-lagos-airport/

Bunch of moronic fuuktards running FAAN.

So it is after many years that these cretins just realise that abandoned planes have to be removed?

Now they are talking "tough"? Moronic fuuktards.

In a sane world, the cretin in charge of Airport Operations, Henry Omeogu, would have been sacked for gross incompetence.

Fuuktards are just there to loot and chop brokotor.

Joromi1:
What re u even saying?
It's God's design and it's not just common to Africa. Naturally, men are supposed to care for women. Even in the family, daughters get special attention from parents...it's all natural.
If there's no bride price men would hump on any woman they see on the road like animals, marry them and dump them the next day. And how much is bride price anyway, that ur making so much fuss about?

What a pure moronic fuuktard!

joseph1013:
Bride price itself is fraud.

What is the argument for paying her parents to marry her? If the essence is to reward her parents for raising her, who compensates the husband's parents for raising him?

Exactly.

But feminists only see women's disadvantage as an issue.

Men's disadvantage is justified and a "reasonable consequence".

These are the kinds of stuuuupid decisions cretins in power make that make me boil.

How did these cretins get to positions of justices of a Supreme Court?

As much as I am in full support of everyone's right to divorce and choose who they want to be with at any stage of their lives, how can these fuuktards say:

a) Requesting for repayment of bride price is unconstitutional and suggests that women were in a market place.

But

b) Asking for bride price is not unconstitutional and does not suggest that women were in a market place.

How fuukting moronic is that?

So it is constitutional to buy women but unconstitutional to ask for a refund if you don't want what you bought anymore?

Trust the feminist that brought the case: MIFUMI.

Their argument, as selfish as any feminist organisation, is to ban refund but make paying brideprice "optional".

Feminist would ALWAYS look for how to give women advantage. What ever way women can maintain any advantage is what is "women's rights" and "equality" to them. But all men's rights and advantages must be quashed.

Why can't it be ban payment of bride price? This automatically makes refund irrelevant. You can't get a refund for what you did not pay for.

Uganda's Supreme Court has ruled that the practice of refunding the bride price, or dowry, on the dissolution of a customary marriage is unconstitutional and should be banned.

The judges said it suggested that women were in a market place, and infringed on their right to divorce.

But they rejected the argument that the bride price itself was unconstitutional.

Campaigners said that the dowry turns a woman into the husband's property.

Should a marriage end in Uganda, the wife had been expected to refund the bride price - often paid in livestock.

But it was argued that as women tend to have less wealth than their husbands, many became trapped in an unhappy relationship.

The case was brought by the women's rights organisation Mifumi, who said that bride price encourages domestic violence.


http://www.bbc.co.uk/news/world-africa-33800840

harbdulrasaq88:
This is the deplorable state of Owerri-Aba Road, Ugwunagbor, Aba, Abia State. It's learnt that this road links the road to the home of a former Minister of Labour and Productivity, Hon. Emeka Nwogu.

And so?

Why are you telling us?

joseph1013:
It's unbelievable they dont have a contract. And junk singers get to pick contracts from myriads. It's devilishly unfair.

Listening to them has given my day a massive lift. Damn!

Portsmouth86:
Wow
Mr you found these ay, they are amazing, i have them on my YouTube playlist and will be adding them to my car tunes
Very talented, listening with my eyes closed hmmm

I feel much better when I listen to them too.

Since I discovered them, I have been addicted.

Wake up every morning and listen to some of their tracks. I just love the way the bring a soulful twist to popular songs.

If I was to get married, I would love to hire them for the wedding day so they can come and lift my spirits in the face of the gloom of marriage ahead.

grownaira:
Thanks a million @ sagamite. You've just given me the most valuable info I have gotten so far on nairaland.

Well I must say I am turning down the dudes offer. Because from what I learnt from you, he is offering a ridiculous price for even 40% equity in my business, which I initially told him I can only sell 25%.

From my quick-rough calculations using the guide you provided (@3yrs), the price he offered is less than 10% of the value I obtained for the business.

I will just grow the business organically, and retain all ownership.

Thanks very much and remain blessed.

Notyourb1tch.

"Don't ban porn. Ban men ogling, leering, brushing past, groping, molesting, abusing, humiliating and raping women. Ban non-consent. Not sex," author Chetan Bhagat said on Twitter. "Porn ban is anti-freedom, impractical, not enforceable. Politically not very smart too. avoidable. Let's not manage people's private lives," he added.

This girl is obviously a fuuktard.

Iamsynord:
The List contains Artistes who have taken after their parent in the choice of Profession which is Music and are doing Succesfully in the field.
The List contains only artistes whose parents are musicians and they have followed strictly in the same line of music.

1) Femi Kuti - Femi Kuti is an internationally recognized Afrobeat Star and the son of the Abami eda himself, Fela anikulapo kuti
He is one of the most succesful artiste in Nigeria With over Four Grammy nominations,his song used in GTA IV and also sampled by various international stars like Jayz,Jcole.
He has been keeping the Nigerian flag flying ever since the formation of his band " Positive force in the 80s.

2) Paul Play - Hiphop act and " Angel of my life Crooner is the son to Isaiah Kehinde Dairo popularly known as I.K Dairo, a prominent
Juju musician who rocked the Nigerian music scene between 1960s and late 1980s .
Known for his vocals and delivery, The artiste is known for songs like Mo so rire,a remake of his Father's hit single, happyday,Forever and was one of the artiste that performed when Bill Clinton came to Nigeria in 2003.

3) Darey -Darey ,2004 mtn Project Fame Runner up and Talented Nigerian artist is the Son to Modupe Arthur Alade, popularly known as Art Alade was a famous Nigerian highlife/jazz artiste in the sixties and seventies.
Darey is known for his Lyrics and Exceptional Style of Music and has produced Hit songs Such as Not the Girl,Style na Style,Follow me Go and many other hits.

4) GFresh - Gabriel Afolayan is the son of Sir Adeyemi Josiah Afolayan, also known as Ade-Love who was an actor and musician famous for the Hit Single Taxi Driver and Iya ni Wura.
Gabriel who is also an Actor,is famous for the hit Singles kokoro Ife and Awelewa and is fast gaining relevance in the business too.

5) Big Sheff- Sheriff Ilori aka Big Sheff is the son to Kollington Ayinla as father and Salawa Abeni as mother , his parents are both Popular Fuji Musicians.. The rapper who resembles Rick Ross is known for his hit Single " Collateral and is getting ready to take over the rap game in Nigeria Soon enough.

Notable Mentions

seun Kuti
HoneyB ( Kwam1 Daughter)
BarryShowkey ( Barrister Ayinde Son )

Another senseless "Top this", "Best that" without any obvious methodology apart from "Pull it from my arse" methodology.

grownaira:
Thanks a million @ sagamite. You've just given me the most valuable info I have gotten so far on nairaland.

Well I must say I am turning down the dudes offer. Because from what I learnt from you, he is offering a ridiculous price for even 40% equity in my business, which I initially told him I can only sell 25%.

From my quick-rough calculations using the guide you provided (@3yrs), the price he offered is less than 10% of the value I obtained for the business.

I will just grow the business organically, and retain all ownership.

Thanks very much and remain blessed.

My pleasure, mate.

But I hasten to add that what I gave you was a sample.

I am hoping you did not use the 12% in your quick calculation as your business is far more risky than an investor putting his money in a savings account in GTB.

You are not of equal risk to GTB. You are more likely to lose the money and close down. Your discount rate can be as much as 60%.

So I suggest you give a deep thought about how risky your business is and use a far higher figure than a good bank's savings rate before making your decision.

I would suggest you use at least double the average Top 7 banks' savings rate as the discount rate in your calculation. So in my example (where I picked 12% from thin air), you should be using at least 24% in your calculations as your risk is higher.

If you don't understand what I am saying in this post (I know it is complex), please ask for clarification.

10 women, 9 men?


[size=18pt]Sexism[/size]

jaybee3:
Step 1
Use the present to future value formula. Combine average annual sales profits along with average annual growth percentage and future period of growth. For example, if your small business shows a profit of $60,000 per year and has historically grown by 4 percent each year, it would be worth $62,400 in a year from now, $64,896 in two years from now, $67,491 three years from now and $70,191 in four years from now.

Step 2
Calculate your small business' liquidation value. Add all assets, accounts receivable, fixtures, inventory, equipment and subtract business loans, accounts payable, equipment loans and lines of credit. This method allows you to estimate the liquidation value of your small business but does not predict future value.

Step 3
Find market comparables. This method is not unlike estimating the value of a house. Using your local newspaper and industry trade publications, find like businesses that are for sale or have just sold within the last three months. The comparables should have the same annual volume, number of employees, market share, assets, equipment, and debts and liabilities, such as loans. Contact a local business broker to assist you in finding comparable businesses.

Step 4
Use the rule of thumb valuation method. Take your small business’ yearly positive cash flow and multiply it by four. For example, if your small business generates a positive cash flow of $60,000 per year, it would have a value of $240,000 by using the rule of thumb formula.
It is important to note the rule of thumb method is not comprehensive but provides the quickest result because it does not include your small business' market share, assets, liabilities and predictable sales--which are sales generated on a regular basis through the year.

http://smallbusiness.chron.com/estimate-value-small-business-4124.html

CC: sagamite

Thanks, jaybee.

These are the kinds of things that should form at least a quarter of NL chats and what we should be discussing, so as to stimulate brains. Not the brainless "Stunning" and "Stuns" that the dilapidated forum is now known for.

I am not an expert in valuation but I think I am reasonably knowledgeable enough to make a contribution.

grownaira, in finance what you have spent is really inconsequential to the value of your company. What is relevant is what your company can do in future.

Even if you have spent $1m it does not matter. A potential investor should not bother about that, because you spent it does not mean you spent it well (i.e. on creating value for the shareholder). It might have been a waste or you spent it on babes. If you spent the investment on creating value for the shareholder, then that should be reflected in what your company can do in the future (the profit it can make), so hence it makes sense to just focus on what your company can do in the future.

Obviously if you are dealing with someone that is not knowledgeable on things like this, you can always bamboozle and swindle them by highlighting what you have spent. But it would not work on people like me.

If I was even to buy a house for investment, I don't give much hoot about how much the owner has spent on it, I will value it based on the future revenues I can get from it. Which is why I think most Nigerian properties are overvalued considering what I can get from it and what they are being sold for.

Obviously, if I was to buy the house for personal use only, then the happiness, convenience and contentment utility I would get from it would play a part in how much I value the property.

Now to answer your questions:

grownaira:
Now someone is interested in investing in our business in exchange for equity. Considering the bolded above:
1. What do you think the whole business is worth?
2. If I am to sell 25% of the equity, how much should it go for.
Thanks in anticipation of your favourable responses.

jaybee has already given you valuable indicators.

I will explain the most popular one to you as best as I can (I am a bit rusty).

The answer to your two questions is interlinked. That is, you find out the overall value and then divide by 4.

I will use the Discounted Cash Flow (DCF) model. The first approach on jaybee's list.

Your business is worth all the free cash flow at net present value (NPV) of the business.

The Free Cash Flow (FCF) is basically all you anticipated/forecasted future revenues minus all you cost and investment. Note: The use of future means the calculations only focus on the future, not what you spent in the past.

Basically, try to calculate what true profit you think the business would bring in in future, up to perpetuity (that is forever aka 5000 years aka till Jesu Christi comes back for the saved souls).

I can't remember, but I think a certain amount of years tend to form the bulk of the value calculated. That is maybe (I am picking this from thin air) about 15 years of FCF might account for 95% of the FCF to perpetuity.

There is a formula for calculating something's value in perpuity (makes it fcking easier lol). I think it is Rate of return = Cash Flow/Present Value.

Before you feel bamboozle, lets re-summarise:

1) Find out your annual FCFs, which is basically your revenue for each of the future years minus your costs and investment.

2) Then for each year, calculate the NPV because N10,000 in 1966 is different from N10,000 in 2020. That is, those future money in your FCF would have less value than the same figure today. It will buy less garri in the market. N10,000 in 1966 would buy the whole garri in the market. Today, it will buy 2 bags.

3) Add up the NPV for each year that you calculate. Lets say you did 15 years up to 2025, add them all up to get yout overall NPV.

4) After 15 years, find out how much you can sell the business assets for (i.e. the machinery, land, cars, brand, uniforms, raw materials, unused leases etc). Add this to the overall NPV.

5) Divide by 4 to get 25%.

So let me give you example of how you can calculate these FCFs for a 3 year period. [Step 1]

Lets say in the next one year, you expect your revenue to be N40m, after you remove your costs and a portion of your earlier investments (part of your N2m starting capital), you have N24m as profit. This N24m is your FCF for 2016.

Lets say in the second year (2017) this FCF is N26m and the year after (2018) it is N30m.

Now you need to calculate what N24m in 2016 is worth in 2015 (it would be worth less than N24m), and what N26m in 2017 and N30m in 2018 are worth in 2015. These are the NPVs.

If we still had the Cretin of Otuoke in Aso Rock, I would have said N24m in 2016 would be worth about N8m after inflation and the devaluation of our currency. But thank God Nigerians voted him out.

To calculate the NPV, [Step 2] you need to find what is called a discount rate to use in the formula for your calculation. It is quite complex to find this but I would keep it simple. Find out what else the investor might have used their money for that is roughly of equal risk to your business and what rate of return they will get from that investment for every naira.

In Nigeria, that might be hard to get, so I can make it simple for you. So just say that they decide to put the money in a savings account (and this is their alternative investment) what rate of return would they get? Use that as the discount rate.

Lets say this is 12% that Zenith Bank or GTB would pay as interest on savings. Note: A saving in Zenith/GTB is less risky than investing in your business, you are more likely to lose the money, so using this figure is not really ideal but I am just sampling.

To calculate the NPV for a year use the formula: FCF/(1 + 0.12)

Note: The 0.12 is the discount rate of 12%.

So for 2016, the NPV is 24m/(1 + 0.12), which is equal to N21.4m.

So, you see? The N24m you will make as profit in 2016 is actually worth only N21.4m in 2015. If someone wants to pay you for all that 2016 profit today, he should be paying only N21.4m now and collecting N24m back in 2016 if you are both getting a fair deal. What N24m can buy in 2016, N21.4m can buy the same in 2015.

Do the same calculation for the N26m and N30m, and you will get N23.2m for 2017 and N26.8m for 2018.

Add all this together and you get N71.4m as the value of your profits for the next 3 years. [Step 3]

If you decide to close the business after 3 years and you can sell the assets for 8m, then the value of your company now is N71.4m + N8m = N79.4m. [Step 4]

This is just an example.

If you do it for maybe about 15-30 years, add them all up, calculate how much you will make by selling the assets after these 15-30 years and add it to the NPVs, you should get a reasonable approximate value for your business (i.e. what your business is worth).

Divide by 4 and that is what someone has to pay you to get 25% of your business. [Step 5]

Oya, Financiers come and correct me o because I know I am rusty.

kaycid77:
Mumu the gas is in Niger delta, the "Nigerian" LNG is located in Bonny island.... is Bonny Island not part of Nigeria, why relocate it, is there gas in Lagos Ode

You are a cretinous fuuktard!

Can you see what the dilapidation of our education system has done to your moronic life.

So because the oil is located in Niger Delta it is and the company is owned by Niger Delta?

Fuuktard, I will bet you will claim you studied law in some moronic institution in the failed education system?

Secondly, fuuktard, what do you understand about building Oil & Gas infrastructure and facilities before saying where a shipyard dock should be?

Cretinous fuuktard!

joseph1013:
Such talented guys. Wow...I'm making a playlist right away.

Absolutely talented.

With different great voices too.

kaycid77:
Lagos was not develop by Oil and gas money like yorubas claim so why are you guys crying, looking for a way to steal Niger delta gas and company

You are a cretinous fuuktard?

What gas and company is owned by Nigeri Delta?

RichDad1:
Celebrated at home, but visit the fire station. You're making it sound as it the gig was held at the fire station. da fuq

Congrats Mr Afolayan jr.

It's My Birthday too today. I've to bring the parry to Nairaland.
HBD likes for me Nairalanders.

Don't mind him.

That is just the typical dumb way halfwit Nigerians try to get people's innterest.

They have no brain to come up with something interesting, so they just lie.

It is cultural.

Symphony007:
For a company like NLNG which has maintain a very good relationship with their host communities unlike others like shell, this was a stupid decision. Which I can only attribute to Babs omotowa attempt to steer vital NLNG buisness back to his region after ibeneche's outright and sudden relocation to the south.

You are a cretinous fuuktard!

This is how cretins like you that form the majority of Nigerians only see things through your tribal prism like the pure cretins you are.

When you are a product of a failed education system, of course the only thing you can attribute most things to is "my tribe".

Cretin!

erico2k2:
Another case of head big no brain who cant put their points across without insult

You are a cretinous fuuktard!

What did you read, what did you say, cretin?

I wonder.

They are so good. Surely someone can get them songwriters if that is the issue.

They themselves are good at arranging.

Actually, fck that. They are awesome at arranging.


https://www.youtube.com/watch?v=UrWwMl-fUY8


https://www.youtube.com/watch?v=NWoeoLNZROw


https://www.youtube.com/watch?v=Do-VI54F4dk


https://www.youtube.com/watch?v=DnU5ryajwQY


https://www.youtube.com/watch?v=gliHyklHr6c


https://www.youtube.com/watch?v=77GNAskGguY


https://www.youtube.com/watch?v=cwi_fMROJTU


https://www.youtube.com/watch?v=3zqnUkoFeLQ

YourMain:
I guess youve the right to opinion as do I. I don't see it as evil. Everyone has the right to love. And it shouldn't concern me or you who they decide to love.

That is only an argument if the people giving us the argument stick to that philosophy.

Can you think of any reason why any Western nation would support the banning of polygamy?

Can you think of any reason why any Western nation would support the banning of prostitution?

Can you think of any reason why any Western nation would support the banning of in..cest?

https://www.youtube.com/watch?v=Tv0KbQT1dvc

https://www.youtube.com/watch?v=Ej-C4s0n8eM

chowlade:
[size=10pt][i]1.Ijaya
3.Mayehun (Refuse me not) it is used when you want a person to grant your request after a command is made) could be used in wooing a lady, request money from people, Miser, tight-fisted friend or wealthy man. There is a simple incantation that goes with some Mayehun formulas:

"In Yoruba Language; Orun Lo ngba towo omode Orun Lo ngba towo agba " x5

Translation: "Sleep takes from the young Sleep takes from the old Part of the preparation goes thus. You put a cowry (cowrie shell) in each hand when going to sleep . The following morning it would have dropped from your hands. Pick them up and pound them (to powder) with the herbs"

Ahhhh! This is my favourite.

My babalawo gave me this to use and it has done me wonders.

I use it on all these NL women.


https://www.youtube.com/watch?v=pjvQFtlNQ-M

Despite the heavy make up, if she is 40, she is super hot.

See the moronic fuuktards we have that call themselves journalists.

How did this cretin called Soni Daniels get employed by Vanguard?

A "journalist" that does not know the meaning of being in custody.

Someone summoned for questioning is not in custody, ffuktard.

Being in custody is when you have been arrested.

ammyluv2002:
Dude, no be fight! keep your belief to yourself while i keep mine. I believe that all good gifts comes from Him and that without Him i can do nothing. Nothing you say here will change it .

I am not saying you should not have your belief. I am just advicing you on what you should do like the way people like you do it.

ammyluv2002:
Story! Only God can give a man. Do your part and God will finalize the rest , we can't achieve anything without God that's the simple truth.

Continue waiting for God.

Even give your money to private jet pastors for "miracle".

missbronze:
I totally concur.


Especially, on being approachable.

I went to church one time, pastor asked those looking for partners should come out for prayer, we all did. both guys/ladies.

After service, the gal sitting beside me was approached by one cute guy like that, you wont believe the gal started giving the guy attitude. I mean, this was the same gal that came out for prayer of partner.

The guy just tried more a bit before walking away. I was mad. i told the gal my church mind sharp sharp.

Even if she is nt available, (engaged or dating). That doesn't mean she should use the guy and do yeye in the company of her friend.

What happens to be friendly and explaining in a friendly way that u are already hooked.


Come to think of it..., That brother may be her destined husband.

Onwe ghi onye ma afo ga amu eze echi.

meaning: who knows belle wey go born king tomorrow?

That is the vast majority of Naija girls for you.

When I say this is what they do, some people would say I am being harsh or I am lying.