₦airaland Forum

I see some people actually believe China has a genuine interest in Nigeria. 

gocity:
But Africa must be strong and hold China accountable if they violate trade laws or human rights or workers rights.

Africa is already weak and we all know our leaders are not capable of holding anyone responsible, not when they are paid off with huge amounts and favors.  The future of Africa remains solely on the youth.   China does not have any genuine interest in the continent.  All these PR news is just that PR. 
We need to wake up and quit waiting for any foreign government to come and rape us so we can have someone to blame in the future.

Somebody here said it best. Africa needs to rise up for itself instead of the rape that has been going on for ages. There is nothing positive that will come out of this new relations for Africa. These are just strategic moves by China to get a grip on this final frontier called Africa.
China is not a fully developed country by the way. Most of its people live in some of the worst inhumane conditions in the world. Labor is cheap because it is forced. Nigeria for one at any time stands taller than China.
Our leaders have proven their insane vulnerability, greed and stupidity and WE THE GROWING GENERATION need to hijack the economy and turn it around.
Understand that:
Opportunities exist in this continent, that is why they are coming after all.
Do we therefore lack the knowledge to capitalize on these opportunities? The answer is no. But we lack the vision and the will.

My friends, stop thinking our so called problems will be solved by Foreign Direct Investments (Foreign Direct Rapes). We have the ultimate power in the new age of information to define our destiny.

People, there is nothing wrong with your PC. The problem is from Yahoo. I had the problem for a while this morning but it's logging in ok now.

DUBAI, United Arab Emirates - The increasing ease of becoming a millionaire became clear Tuesday, with the announcement that the ranks of world millionaires had swelled to 8.7 million last year — half a million more than the population of New York City.




Millionaires also invested more aggressively, pouring cash into emerging markets and pulling it out of fixed income holdings, as their wealth reached $33.3 trillion, more than double U.S. economic output, a study by Merrill Lynch and consultancy Capgemini found.

The red-hot Middle East saw nearly 10 percent growth in millionaires — the world's fastest rate — with record oil revenues and soaring stock markets pushing 300,000 people over the million-dollar mark.

"This is becoming a very attractive place to invest," said Mones R. Bazzy, Merrill Lynch's head of Middle East private banking, based in the Gulf boomtown of Dubai. Bazzy spoke in a hotel conference room overlooking the world's newest international stock market, the futuristic arch-shaped Dubai International Financial Center.

One factor in the Middle East's growth in millionaires was the stock markets that spiked by more than 100 percent in Saudi Arabia and the United Arab Emirates last year. Thus far 2006, those markets have plunged by more than 50 percent, which Bazzy said may have since knocked a few millionaires off the list.

Worldwide, the number of millionaires has nearly doubled since Merrill Lynch found 4.5 million of them in 1996.

Last year's 6.5 percent growth in millionaires slowed slightly over last year's 6.6 percent, with the US and Europe slowing most alongside their cooling economies.

But the ranks of the ultra-rich — those worth more than $30 million — climbed by more than 10 percent to 85,400.

Merrill Lynch said the ultra-rich did better because they found "select pockets" of high-growth investments in Asia, Latin America and the Mideast, while most investors stuck with stodgy earnings in North America and Europe.

North America held a slight edge over Europe in the population of millionaires, with 2.9 million to Europe's 2.8 million. Asia counted 2.4 million, Latin America 300,000 and Africa 100,000.

The world's millionaires are increasingly branching out from their home countries, with 65 percent paying attention to foreign markets and 30 percent buying homes overseas, the study found.

Growth of private equity holdings in 2005 outlined an increasing preference for aggressive assets, with investors funneling cash into emerging markets, while unloading fixed-income bank deposits and bonds.

That phenomenon is only supposed to grow, as some $41 trillion is expected to be passed to heirs over the next four decades, and money managers saying more than 80 percent of inheritors will want to boost their international exposure.

Dubai might be one destination. Bazzy said the ease of investment and galloping economic growth in the mushrooming city was spurring the world's premier companies to set up businesses here.

"There are no unions, no taxes and administration is very easy. Barriers to entry are going lower and lower," Bazzy said. Overall, the UAE counts 59,000 millionaires, while neighboring Saudi Arabia had 80,000, Bazzy said.

I have a feeling these statistics are highly inaccurate.  Approx 100,000 African millionaires ($ equiv)??  What do you think?

The new 140 megawatts electricity plant being constructed by Geometric power Limited for Aba town and its environs would be ready by September 2007.

rest of the story here:
http://allafrica.com/stories/200606010271.html


Aba and it's industries will greatly benefit from this. It will also set the trend for Power Generation Investment with the successful completion of this project.

I have been following this project for quite a while now but they are yet to release any kind of time schedule. The plan is plausible; let's just hope it is actualized.

Nutter:
I suppose your post was meant for me and not Vichel as I was the one that challenged your comparison of Burger King and Micky Dees. For one, Burger King is much bigger than Micky Dees and enjoys greater market share, competitive advantages and synergies cutting across its supply chain. Market share, competitive advantages and synergies which Micky Dees simply cannot match. For another, Austria, as far as I am concerned, is not a Third-World country like India. Therefore, your comparison on both counts is without merit. Comprende?

Source Please!!!!!!!!! My dear Nutter, all your remarks are based on assumptions.   Market share, Competitive advantage, Synergy?

A comparison can be made using the two countries because both companies will be operating outside their home market.  The size and market share of one or the other has nothing to do with their efficiencies.  Strategy is Key.

tunjidare1:
whites are generous,helping,inteligent,and clean

but blacks, juju is their number one and they are very upseting,they are wicked and selfish

i like this topic
am tired of blackss

Are you kidding me?? As much as I hate to say this, "You must be Very Stupid".
Actually didn't feel to bad.

Foreign Oil Workers Kidnapped In Nigeria

Three foreign oil workers, including one Italian, were kidnapped from a car under armed escort in Nigeria's oil capital Port Harcourt on Thursday, a day after a U.S. oil executive was shot dead in the same city.

Complete Story
http://news.yahoo.com/s/nm/20060511/wl_nm/nigeria_kidnapping_dc

Why Why Why!!! Wasn't this a jingle in the 80s?

LagerwhenInDoubt, I have a need for all past financial data on Nigerian companies listed on the exchange as well. Let me know if you can supply the data so we can figure out the best way to have it sent. Thanks in Advance.

malibubarb:
First of all I am so jealous! I wish I was back home in Nigeria!

Same here. Envy Mucho!

--
Anyway, drink some for moi!!!. And malibubarb.

@hot-angel
Wow, I hear you this time!

Yet again, our lawmakers are giving senseless solutions to perceived problems.  
Isn't there a reason why these kids are adopted as househelps in the first place.
Yeah, send all the kids under 18 back to "nowhere land" and deprive them of any livelihood or living a better life.  Most times these are relatives too and the living arrangement is informal.  Appointing counsellors like Seun makes a bit more sense but tackling poverty, providing free education with free meal plans while in school seems more like it.  
The country should spend their resources enforcing sensible laws that that already exists instead of making new unscrupulous laws.

exu:
I see this went over somebodies head.

Did Indeedy.

----
Quite humorous.  Then again, I hear these are actual occurences.

I found this pic online @ http://www.garycook.co.uk/Africa/Nigeria/photo1-2.html
Is this Zobo drink that the lady is carrying?

if you can, help me upload the picture from the site.

I can't do business with an equal partner unless my money is not involved.

Are you sure?  I thought you put a lot of value on your time.


@ IAH : A partnership is a very delicate business entity.  For one, regardless of who owns the majority share, all partners answer equally to any liabilities.  Like Zahymaka said, before you enter into a partnership you must be certain that your partner is indispensable to the operation or management of the business else hire a professional(s).

If you are investing in someone elses big Idea, then own a majority share like Seun.

If you are considering a joint business with a friend, then on a per case basis there are better more creative ways of structuring the business to minimize risks and liabilities.

@prodgalson Got it !!!!

Beats me King L.

Move 1:  Move White Rook/Castle to far right
Move 2:  Take out Pawn in front of Red king with White Queen

CHECKMATE!!!!!!!

How do you like Zobo?  Just heard about it for the first time and wanted to know how popular it is in Nigeria and what is tastes like for those of you that have tried it.

you Got It! 

A lot of good points. I see that Chivita drink can be said to be one of the most popular drinks in the market. However, I see them not as a competition but as a benchmark a new company has to meet or exceed. As skidoc said, a great marketing strategy and an excellent product can equally place a new product in the top spot.

@Seun, I don't exactly have to beat their pineapple juice to be a market leader. We can develop an entirely new flavor you might like as much as Chivita pineapple juice. You will continue to enjoy your Chivita pineapple juice and when you feel like something different you can try our distinct flavor. You Gotta Love Great Choices!!

@JajaOpobo. Your idea is most original. We had earlier fingered three distinct flavors as our flagship product but your idea might have just given us the fourth. It will require more research including tests and anaysis but looks very feasible. Thanks.
So how popular are these drinks especially the Zobo drink? How many of you have actually tried it and what is your take on it?

Was crush a juice drink or carbonated drink?  I think it was a carbonated drink.
So Chivita brand is one of the best in the country.  They say they don't add sugar and other additives like the other manufacturers do. Maybe that is why it tastes so good.
Which other brands are there and how are they doing?

A friend is pouring in a lot of money in machinery and equipment to set up a fruit juice packaging company in Nigeria. He seems to have his research done but from the perspective of Folks in the country, what do you feel about the current fruit juice brands in the country?

For those of us that are well travelled, Nigerian Gals are in fact the finest in the world. Beauty, Originiality and then some. BIG UPS ME LADIES!!!!!!