₦airaland Forum

emmanuelewumi:
The All Share index was introduced in January 1984.

At 100, looking at the current figure of the ASI who can help me with the annualized growth rate of the index from January 1984 to date?

afroxyz:
So the central banks decided that gold has intrinsic value, not that Gold has anything has any value to offer. You expect Central bank to recognize the very thing that threatens their existence? Nice try

afroxyz:
When inflation rises, first assets that get hit a risky and speculative assets. Cryptos and tech stocks fit that bill. When has crypto ever been 'legal'? If you are talking about intrinsic value, please what is the intrinsic value of gold?

afroxyz:
Stocks paced toward a third straight day of declines, with technology shares leading the way lower as concerns over inflation persisted

https://uk.finance.yahoo.com/news/stock-market-news-live-updates-may-19-2021-221605666.html

afroxyz:
Weak hands have to be shaken out. Follow action not words. Tesla has not sold its bitcoin

skydiver01:
Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said: “They have no intrinsic value.”

“I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

https://www.cnbc.com/2021/05/07/bank-of-englands-bailey-crypto-investors-risk-losing-all-their-money.html

skydiver01:
The NTB Auction that was scheduled for Wednesday 12 May 2021 will likely take place today. Will be interesting to see where the stop rates end at.

Cyberknight:
This I have to agree with.
It's a rule that works - you give and you get. Even the irreligious who know what's up apply it.
And it cuts across all "religions".
Just define "God's Kingdom" properly. Avoid the pastorpreneurs and their lousy tithing marketing and do your giving to people who really need it. Financially adopt an orphan or something like that, do your giving very quietly and very anonymously and it will indeed work for you.

exclusiveoloori:
Hello house,

Pls when is the next Tbills auction ?
I considered that there might be public holiday next week. Is there possibility that the auction will hold?

Thanks

craleonic:
Thanks for this info. When is the next auction date, please?

Viqtour:
Anyone got idea of the treasury bill rate today?

emmanuelewumi:
Reason why at retirement, one should have at least one real estate Investment. It will provide free accommodation for the retiree

Ijeoma660:
Which would you go for?

Lazyyouth4u:
The problem with Nigeria is hypocrisy. We will tell lies, cheat and steal from our fellow human beings, support criminals, insult and abuse people and then go to church and mosque to pray. We will even do dry fasting during Lent and Ramadan and then start writing motivational quotes all over the place.

How won’t God continue to punish us? We are the most hopeless sets of human beings on this planet!

Lazyyouth4u:
Please don’t try it with Femi Ote o

Freciprocal:
This is empty pride and chest beating. I normally reply people who use this phrase with

'Sir, please who are you? '

It always throws them off...

emmanuelewumi:
The promoter of Econet could not have his way with Nigerian shareholders. He had to leave.

Econet Wireless has the following shareholders Lagos State, Delta State, Akwa ibom state, First Bank, FCMB, Leadway Assurance and other High networth investors.

The Zimbabwean guy did not drop a kobo, 5% share of the company was allocated to him as sweat equity.

Econet needed money to expand other shareholders were ready to invest more, but Strive was not ready to invest and does not want the other shareholders to invite outsiders who have the money.


Etisalat left because of debt, there was a time when banks wanted to take over the business, but for the timely intervention of NCC and CBN

emmanuelewumi:
Kindly share examples of such companies that left honourable and are not interested in selling their products to Nigerians through the backdoor


Mass unemployment will be the order of the day since we have continued to be the biggest importers in Africa, especially products that can be produced in the country.

emmanuelewumi:
Same Ghanaians told Nigeria traders to have a start up capital of $1 million before they can trade in their country and we want our country to be a dumping ground for products from Ghana

emmanuelewumi:
What is worth doing at all, is worth doing well. When you leave the Nigerian business environment because of the so called harsh conditions, it is honourable and responsible to also leave the Nigerian market for those who are resilient

Cyberknight:
I think the border closure was a stupid decision. It may have slowed some legal importation, but simply boosted illegal importation and killed legal exports, and fostered another Dangote sweetener.

We are all aware of Nigeria's problems, the smuggling in of foreign rice and all that, and the excessive importation of things we should be able to manufacture at home and the effect on the naira, etc.

But you can't force the changes you want by cutting off legal trade with your neighbours in unilateral violation of an international agreement - that doesn't paint you in the best light, the best way to achieve your goal is to seek to provide favourable conditions at home for businesses to thrive.

And you also need to realise that Nigeria also needs its neighbours too - it is not yet self-sufficient. We might be able to be self-sufficient in food yes, but in other areas, not yet. Follow the news - recent trends show that Ghana is slowly but surely taking over what should be our position as the centre of everything in west Africa, from being its airline hub down to MNCs moving there. The more we continue to show ourselves as an unreliable country which doesn't live up to its agreements and suchlike, the less likely we are to attract more foreign investment, the more likely we are to lose what investment we already have, and for those who think that companies pulling out of the Nigerian manufacturing scene is no big deal - take a look at the official unemployment figures (which are bad enough, but should generally be multiplied by a factor of at least 1.5 and above to give a true picture).

A fairly competent government would be scrambling to find out exactly why a major concern like Unilever (and Nestle too) took such drastic action and instead of further exacerbating the situation ("Oya, if una like, make una go now) would be moving heaven and earth to do what it can to change or prevent such a situation, not further alarming business with nonsense like border closures.

Lazyyouth4u:
Sir, no issues o. It’s all banter between me and audio boss. My haters are only capitalizing on the bants to blow it all out of proportion

emmanuelewumi:
Can we allow this, die a natural death.


Haba, we have been on this for the past 24 hours

ahiboilandgas:
since u understand asist and break it down to the ordinary folks.

Lazyyouth4u:
My oga, person wey dey collect 3m or 5m go survive well with 10% na.

300k to 500k dey enough to live well in a month and still get side chick sef

Fear those Shell people o

Biafran4life:
Even if na naira.No be moi moi to become billionaire for naija.Dont mind some people they are just like the motivational speakers.

Akin3891:
Does Anyone has idea of yesterday rates?