₦airaland Forum

Blue3k:
Does anyone know why phone companies dont provide unlimited talk, text and data like in other countries?

In most other countries people use contract packages

Most times when buying airtime i buy directly from vendors as a means of supporting their business

Nigerians are fantastically corrupt!

tonididdy:
Good evening all

Some questions for you...

Does the location of the shop have a lot of pedestrian traffic eg Is it located near a major bustop or junction?

Are there lots of other barbers that are smaller and cheaper?

One other thing you need to bear in mind is that customer for barbing shops tend to be sensitive to price therefore if you set up a high class barber shop in a high density and start charging N1K per haircut you won't get many customers because most people would prefer to go where they can get a haircut for 400Naira of less

studentofTruth:
I can't see many pictures there to see how it's related to this one.

I never said it's related to this one.

What I said is that one other guy was using the same trick last year, he was posting the results of another trader and at the same time using a demo account while pretending to be a guru in forex trading.

He used it to deceive people into following his trades and paying him for mentorship, he also used it to get referrals for people to register with a broker while using his referral link.

All this continued until another knowledgeable and experienced forex trader discovered what he was doing and called him out.

That's the same thing this guy is doing here!

Start reading this thread from this page and get the whole gist.

https://www.nairaland.com/5608088/forex-trade-alerts-season-20/567

Makaveli888:
Duped me of 22k for this hard period.
His Name is James Ngoma
With Account Number 8108619541 Eco bank
Phone Number:0703 197 9286

He came up with a bitcoin mining machine with a blockchain bla bla bla,that a mechine that generate bitcoin called Tminner is expensive to get but i can invest with him since u can't purchase the Tminer mechine.Don't even know how I fell for such scam maybe because I was curiously looking for bitcion generating mechine because I read about it then.
Oboy na when I send that money it became dawn on me that it was a scam.

My Advice ,Stop dropping your numbers on Nairaland ,scammers comes to the forum to pick it for bombing.
Secondly,If Anyone is promoting a biz ask them for a whatsap group from there you will see the opinions of others ,Mind you ,Not one or 2 members opinion, it must be multiple opinions.
I have learnt my lesson o

What's his Nairaland moniker?

Nothing is even happening there

studentofTruth:
The link please

Here is the link to the thread...

https://www.nairaland.com/5608088/forex-trade-alerts-season-20/567

studentofTruth:
I live in Lagos. I know how bitter Lagos residents can be when they think someone else is doing better.

No one is bitter about his success, we are calling him out because he is trying to con gullible people.

One other guy by the name Saxy4c also used a similar strategy in his own boju-boju scheme last year until another expert trader Pipsbasketings exposed him

Go to season 20 Forex trading thread and start reading from page 569 if you want more info on this.

Evil thrives when good people see it and keep quiet therefore we shall continue to call out fraudulent people here!

Na so una go dey extend am dey go be that

Aluspecialty:
Nigerians extreme level of gullibility and illiteracy makes it super easy to become misled.

How come someone who had been busy posting the account progress and had been replying people with their various requests suddenly refused to answer this sensitive but simple request.

Do not be deceived guys, if this guy is fast to reply dms and started teaching those that have been lured by this plot, let him do what is required here, else delete this thread.

I always knew the guy was scamming people but I couldn't prove it since I'm not a forex trader.

In his first post he claims he is not here to teach but then when you check his profile you see his phone number displayed there conspicuously which is a stark contradiction.

When I challenged him he deflected it

@LeonardEmma1 you have finally been busted!

Ruben225571:
What's happening in this photo?
What’s your Stake on this?


Love or foolishness?

Learn to mind your own business

[quote author=Xenry post=100406115][/quote]Yuck!

What an ugly pic

Rossikki:
Does her exact age really matter? She's still your junior, or your mate.

Why then did you lie about it?

Annogbe:
if u have the imei of some u can track the phones call 08037111012

Brand new phones that have not even been activated, how will he be able to track them?

dicksonadams:
Where are you

This thread was opened in 2016!

philipobiz:
Bitcoin’s biggest critic and the world renown economist Nouriel Roubini is Satoshi Nakamoto, our months long investigation can reveal.

Presented with indisputable evidence, Roubini said in an e-mail exchange: “You got me.” Explaining why he has been so vocal against bitcoin, he said:

“Chiefly because I did not want people to think in any way it was me, and because bitcoin has to stand up to scrutiny to level up.”

Roubini said he saw the coming banking crash “as I famously predicted,” so he felt he had the responsibility to “save the world” because no one else believed the banking system was to collapse.

He then started searching online for any way to create hard money in a digital form that is outside the banking system.

“I’m an economist, I know money very well,” he said. “So I wanted to recreate in this new digital medium the most perfect money just in case banks go tits up.”

He found online about previous attempts at digital money and quickly realized he would be perceived as going against the establishment, so had to do it in “utmost secrecy” he said.

Roubini told Trustnodes he assembled a team of coders who were in the dark about the big picture, with each responsible for only compartments of the code.

To put it all together he then asked for some help from renown computer scientists, including Wei Dai.

So you’re not Satoshi, we asked, it’s these coders. “No, no, I am Satoshi” – he said. “I came up with the idea, I came up with everything, and I mined the early blocks.” To prove it, he signed an early block known to have been mined by Satoshi Nakamoto with his private key:

IFdyaWdodCwgaXQgaXMgbm90IHRoZSBzYW1lIGFzIGlmIEkgc2lnbiBDcmFpZyBXcmlnaHQsIFNh
dG9zaGkuCgo=

Roubini said he is already wealthy, so the early coins “are a gift to the world and to all the bitcoiners who believed in my project and have made it such a great success.”

“Once bitcoin gained a following,” he said, “I understood it could no longer be controlled and my leadership was unnecessary any further. To avoid taking any heat for anything that people across the world might do and might be blamed on me, I just left to focus on my professional career.”

How do you feel criticizing bitcoin in your professional hat while knowing you invented it, we asked.

“You know, many of the criticisms are true, and it’s not just me saying them, other people are saying them too. I just wanted to give bitcoiners a platform to respond.”

Do you see any return to bitcoining on the protocol side? – we asked. “No. Bitcoin now has very capable coders doing a great job, I have my own important work to do in economics.”

Asked why he did not intervene in the blocksize debate, he said he wasn’t sure. “Let the crowd sort it out.” Now however he says bitcoin has clearly won with even the tokenized BTC running on ethereum about to overtake BCH.

Asked whether he still believes in bitcoin; “Banking is fragile,” he said, “always was, always will be.”

“An anti-fragile monetary system outside of banking is a necessity for the global economic machine.”

https://www.trustnodes.com/2021/04/01/nouriel-roubini-comes-out-as-satoshi-nakamoto-signs-with-private-key

April Fool!

NetValueFX:
E go clear for your eye

I dey here dey watch!

Righteousness2:
Fine or no Fine! I may not agree with everything the Pastor says, But I tell you, the Pastor is not Far From the truth.

If your Eyes of Understanding are open to Current events playing out on the world stage,
You will see clearly that the Corona Virus Pandemic or Planndemic is the Red Carpet or launch Pad to a New world Order ( NWO).
Just Yesterday a Global Treaty was called for by the World leaders.
https://www.nairaland.com/6486285/world-leaders-call-global-pandemic

The actors for the Great Reset are Working hard behind the Scene, Unfortunately those they are Preparing for do not know, are sleeping or engaging in Foolish and Carnal arguments

Yes! It is a Pandemic, because the Virus itself is Real, but the AGENDA behind it is Much more Bigger.
It is Paving a way for a Global government, a New World Order, a One World Currency and Conditioning the People to Submit to government and authourian rule, paving the way for the rise of the Antichrist and a NWO Immediately after the RAPTURE of the Saints.

All that is Happening now is Conditioning the earth Inhabitants towards the coming Mark of the Beast System that will come into Play after the RAPTURE.

It is unfortunate that majority of the World Inhabitants are falling into their plan.

2020 was the Great Setup
2021 is the Great Reset.

You can argue with your phones and keypads. But note, it will come to Pass, and when it happens, you will wish to turn back the clock but it will be late.

Stop talking nonsense!

postbox:
GTBank Plc delivered a relatively impressive earnings performance in FY’2020. The Group’s gross earnings grew by 5% YoY, driven by a 2% YoY growth in interest income and an 11% YoY growth in non-interest income. Operating income grew by 6% YoY, while profit before tax grew by 3% YoY.

Profit after tax advanced by 2% YoY, and the Group declared a final dividend of N2.70 for FY’2020, having declared and paid an N0.30 interim dividend during the financial year. Thus, the total dividend for FY’2020 stood at N3.00, representing an 11% increase from the N2.70 total dividend declared in FY’2019.

The dividend qualification date is on March 31, 2021, while the payment date is on April 9, 2021.
Efficient Balance Sheet Management Spurs Earnings Growth
Given the financial system liquidity induced by the Central Bank of Nigeria (CBN) in FY’2020, the Group expanded its funding base, reflected in the Group’s 39% YoY growth in customers’ deposits from N2.53trn as of FY’2019 to N3.51trn in FY’2020.

Specifically, current and savings account (CASA) grew by 45% YoY, thereby driving up the Group’s CASA ratio to 89% (the highest ever thus far). The implication of an 89% CASA is that a significant portion of customer deposits was low-cost, and the impact of that reflected in the Group’s cost of funds.

On the strength of an increase in funding base, the Group’s interest-yielding assets rose by 18% YoY from N2.99trn as of FY’2019 to N3.52trn as of FY’2020. The growth in interest- 45.00 yielding assets was largely on account of an increase in the Group’s loan book (+11% YoY) and 35.00 investment portfolio (+28% YoY). On loan book, the growth driver came from increased credit 30.00 flows to corporate manufacturing, telecoms, oil & gas, and retail sectors.

Regulatory risks heightened during the period, as restricted deposits increased by 112% YoY from N522.43bn as of FY’2019 to N1.23trn as of FY’2020. The increase in restricted deposits limited the ability of the grow interest-yielding assets during the period.

Interest income grew by 2% YoY from N296.21bn in FY’2019 to N300.74bn in FY’2020. According to the management, asset yield declined from 11.90% in FY’2019 to 11.00% in FY’2020. The marginal decline in the Group’s asset yield, despite a material decline in interest rates in the economy, reflected the group’s solid investment strategy. Also, the growth in the Group’s loan book offset the negative impact of asset yield decline.

The Group’s cost of funds declined from 2.90% in FY’2019 to 1.19% in FY’2020. As stated earlier above, the growth in the Group’s CASA implied a well-diversified funding base, and the optimal low-cost deposit mix led to the improvement in the cost of the fund. Accordingly, the Group’s interest expense declined by 27% YoY from N64.84bn in FY’2019 to N47.07bn in FY’2020. As a result, net interest income recorded double-digit growth (+10% YoY from N231.36bn in FY’2019 to N253.67bn in FY’2020).

Dealing Room and Treasury Activities Support Bottomline Growth
Non-interest income rose by 11% YoY, from N139.10bn in FY’2019 to N154.49bn in FY’2020. The non-interest income growth drivers were ‘net trading gains on financial instruments‘ (+17% YoY from N20.89bn to N24.49bn), and ‘foreign exchange revaluation gains’ (+232% YoY from N17.07bn to N56.64bn).

The optimization of the Group’s long position on its investment portfolio and the realised benefit of its long US$1.15bn FX position (ex-US$613mn swap position), spurred the Group’s non-interest earnings. Net fee and commission income declined by 21% YoY from N59.44bn in FY’2019 to N46.94bn in FY’2020, largely attributed to the impact of reduced fees and a COVID-induced decline in economic activities.

However, the Group’s trading activities and long FX position mitigated the net fees and commission decline. During the financial year, the contribution of non-interest income to the gross earnings stood at 34% (FY’2019: 32%).

Operating income advanced by 6% YoY, from N362.68bn in FY’2019 to N385.53bn in FY’2020. Meanwhile, operating expense increased by 13% YoY from N130.97bn in FY’2019 to N147.44bn in FY’2020. The cost drivers in FY’2020 were depreciation charges (+28% YoY), asset-based regulatory charges (+11% YoY), administrative expenses (+40% YoY), technology communications expenses (+50% YoY), and customer services-related expenses (+76% YoY).

In consequence of the higher growth in operating expense, relative to operating income, the Group’s cost-to-income rose by 200 basis points from 36% in FY’2019 to 38% in FY’2020. Therefore, profit before tax growth stood at 3% YoY from N231.71bn in FY’2019 to N238.09bn in FY’2020. Profit after tax grew by 2% YoY from N196.87bn to N201.44bn.

Asset Quality
The Group’s non-performing loan (NPL) ratio marginally improved from 6.53% in FY’2019 to 6.39% in FY’2020. Some efforts implemented by the Group to manage risk assets quality include the institution of hedges against exposures in the oil & gas sector, reduction of interest rate in the retail segment, and deferral repayment for SMEs. In addition, the Group implemented the CBN’s directive on a moratorium of one-year reduction in interest rate granted on all intervention funds.

The Group’s impairment charge on loans grew by 70% in FY’2020 due to the Group’s decision to increase the level of provisioning on one of its obligors due to worsening macroeconomic conditions on the obligor’s operating and financial conditions. Also, the exchange rate devaluation in the economy resulted in an uptick in impairment recognized on stage two and local currency loans.

Capital Adequacy Ratio
The Group’s CAR stood at 24.87% in FY’2020 from 28.88% in FY’2019. However, recognizing the full IFRS 9 impact, the Group’s CAR stood at 21.89% in FY’2020 from 22.37% in FY’2019. The slight decline in CAR reflected the impact of higher risk-weighted assets in FY’2020, given an expansion in the Group’s risk assets. The Group’s CAR was above the 15% regulatory minimum in FY’2020. The implication of a strong CAR is that the Group is well capitalised to take on additional risks.

Liquidity Ratio
The Group’s liquidity ratio (LR) closed at 39% in FY’2020 (FY’2019: 49%), above the 30% regulatory requirement. The Group maintained a 41% average LR during the year (FY’2019 average: 44%), despite the negative impact of the coronavirus pandemic and increased CRR debits.

The Route To HoldC
The Group’s management affirmed that it is close to securing final regulatory approvals to establish a HoldCo structure. In our FY’2019 report titled ‘In Search of a New Growth Driver’, we maintained that the Group intends to change its focus and growth story for the next decade by playing the mobile payments, asset management, and pensions industries. According to the management, the Group intends to build an ecosystem where all of its customers’ needs are met. The Group aims to leverage its strong retail footprints to drive customer value. The management expects the Group to run as a HoldCo from H2’2021.

[b]Valuation
We estimate a N37.03 fair value for the stock (previous: N50.03), which effectively implies a 4.98x justified price-to-earnings (P/E) ratio. The downward revision of our fair value estimate, despite an improved outlook of earnings, majorly resulted from a higher discount rate used in our fair value computation. Notably, the risk-free rate has risen from 4% as of the writing of our last earnings update in December 2020, to 11% as of the writing of this report.

We did not incorporate the HoldCo structure in our valuation due to limited information on the technicalities and transaction details of the exercise, amid ongoing efforts to get regulatory approvals. However, based on GTB’s track record and the exciting prospects of the new industries the Group intends to play in, we expect to see an overall improved integration and earnings growth for the Group. At the current market price, we believe that the stock offers a 22% total return (price return: 13%, dividend yield: 9%). Therefore, we maintain our BUY recommendation.[/b]

SOURCE:https://brandspurng.com/2021/03/31/gtbank-strong-balance-sheet-management-and-fx-revaluation-gains-drive-earnings/

Do you have any information on the firm which did the valuation of the shares?

Juliusmalema:
I agree with Garba.

It is not necessary.

Why transmitting power to....

...and ordinary commissioner

There you have it, I have helped you complete the sentense

This is terrible

BigSarah:
Probably drug related, she owed her dealers... I really have to stop watching series based on drugtrade

Not necessarily, she may have been shot out of pure jealousy cos that area has a high population of blacks and we all know black people can be insanely jealous of a person who appears to be making progress in life!

I have a sneaky suspicion that this South African Bank which Access Bank just acquired is a deadweight...I would like to see their financial reports for the last 5 years

Who cares?

PhollyPearl:
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To get an upfront in ROI, ROI reduces to 38% and *Your Investment must be up to *1M*
*Only half of your ROI will be paid to you within 7days after subscribing.
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All our Investments comes with 2 copies of deed of Agreement and a post dated cheque for your cash back � Contact : 08167679590 for more info

A post dated cheque is not a guarantee that there will be money in the account to pay investors on due date!

I hate switching of my phones cos I always like being reachable

AdverUploadA:
That doesn't change the fact that Nairaland and it's owner has lost it

So why are you still here?

Bustincole:
Salary job is not worth it...


Salray is the bribe dey offered u to forget ur dream

Everyone is not wired to do business or run a company

If you were offered the job by email then you're well within your rights to also reject it by email if your don't like the terms of the offer

Aluspecialty:
Well, I will advise that you don't be over ambitious, this is exactly what forex makes you think on paper but in reality, I strongly believe this is a wrong mindset: turning 1000 to 20,000 in 12months.

Remember to update us in 2months from now.

No mind am na so dem dey talk