₦airaland Forum

Yeah, perhaps.

Bigflamie:
Nice, but I don't think he's currently a billionaire perhaps a hundred million close.

He's still a great man

Life was rosy for Femi Otedola until it took a sudden turn leaving him billions in the red. He had to start all over again.
In 2008, a shipment containing one million tons of diesel set sail, heading for the shores of Nigeria. The owner of the vessel, Femi Otedola, Chairman of Forte Oil, a petroleum and power generation company, had grown the company to one of the largest in Nigeria, with over 500 filling stations, according to Forbes. The growth had been rapid, and profits were at an all-time high. Then disaster struck.

“I had about 93 percent of the diesel market on my fingertips. All of a sudden, oil prices collapsed, and I had over one million tons of diesel on the high seas, and the price dropped from $146 to $34” — Femi Otedola.

That was only the beginning of his problems. The naira was subsequently devalued, and interest began to skyrocket. When the dust settled, Otedola had lost over $480 million due to the plunge in oil prices, $258 million through the devaluation of the naira, a further $320 million due to accruing interest, and then finally $160 million when the stocks crashed.

“I had two options, either to commit suicide or to weather the storm. I decided to weather the storm. I just knew it was a phase I had to go through.

You see, God prepares you for more incredible things and, of course, the Experience is the best teacher, so I had to learn my lessons. I took the bitter pill”. — Femi Otedola

Otedola was now $1.2 billion in debt. He sought solace in the only thing that had set him on the path to discovering oil, destiny.

“You cannot compete with destiny, so it was my destiny to make billions every month and lose billions as well. I said to myself, ‘I was not going to have friends and enemies, I was only going to have competitors.”
At the age of six, Otedola had already discovered his knack for business. He would provide manicure and pedicure services to his father and his friends and write them a receipt for payment.


On his birthday, while all his friends wanted toys, Femi Otedola would ask his father for a briefcase instead. His father, Sir. Michael Otedola, as a former Governor of Lagos State, was a well-respected man. But now, his son’s public fall threatened to destroy that name.

“After I lost the money, something that struck me was that my father had always been my role model in life, and the first thing I had to do was to protect his name. He had a policy; honesty was the best policy, so I had to protect that name and his integrity.”


Just after the global banking crisis had struck, the Nigerian government established the Asset Management Corporation of Nigeria (AMCON) to buy up distressed loans. Otedola’s loan was sold to AMCON, by the bank he blamed for his challenges.

“Experience is the best teacher. I didn’t have a proper structure, and I also blamed the banks for not advising me. All they were interested in was the profits. They were not interested in the sustainability of the business, they were short-sighted, and all they were interested in was throwing money at me. So they never advised me,” — Femi Otedola.

The banks had to shave off about $400 million from the debt leaving Otedola $800 million in the red. AMCON offered him a restructuring deal, which Otedola declined. He opted instead to repay what he owed and start all over again.

“So we got a reputable firm to value my assets. I had about 184 flats, which I gave up. I was the largest investor in the Nigerian banking sector, which I gave up, I was also a major shareholder of Africa Finance Corporation, and I was the Chairman of Transcorp Hilton. I was a shareholder in Mobil Oil Nigeria Limited, the second-largest shareholder in Chevron Texaco, Visafone, and several companies which they valued, and I had to give up to repay the debt.”

Femi Itedola now had only two properties, his office space and a 34-percent stake in African Petroleum, which he rebranded to Forte Oil in 2010.
In 2014, Otedola bounced back to reclaim his place on the FORBES rich list and currently has a net worth of $1.8 billion, according to the FORBES wealth unit.


These days, he is much wiser; there are systems in place to prevent a similar collapse of his mammoth business empire.
According to the mogul, the day he lost everything was the day he learned his biggest lesson.
It taught him that he could overcome anything.

Source: CNBC Africa

PS: Billionaires lose millions to become billionaires.
Millionaires lose thousands to become millionaires.
But the poor don’t want to lose anything, so they remain where they are.

The greatest glory in living lies not in falling, but in rising every time, we fall. ― Ralph Waldo Emerson

More people will find this article, and get inspired just as you are, if you share. Thank you!

My name is Klein Udumaga

After studying the market for years and trading for months, I have come to realise that the most profitable part of the trading is being on top of the food chain.

With 1,000 people trading binary options on your platform at $5 (usually much higher from my personal experience) per day and a win rate of 10%, you have a return of $4500 per day. Trading goes on for 5 days of the week. That is $22,500 per week or $90,000 per month (N36m).

Of course there's a lot more to creating a successful trading platform but I have all of it figured out. I need an investment of at least $15,000 to make this work. I already have software engineers to build the platform, the other bulk of the work is in the marketing which I am an expert in. Nigeria is a market where people are very hopeful, that's why the betting industry is doing so well. If you are interested, please send an email to me at speak2klein@yahoo.com

The 35-year-old joined Tiger Woods and Floyd Mayweather as the only athletes to accumulate $1 billion

Cristiano Ronaldo has become the first footballer in history to become a billionaire during his career.

According to Forbes , the Juventus star made $105 million (£83m) before tax in the last year, taking his total worth over the $1 billion (£789m) mark.

The 35-year-old attacker has been named the fourth-highest earning celebrity in 2020 by the magazine, behind tennis legend Roger Federer, rapper Kanye West and Kylie Jenner.

https://www.goal.com/en/amp/news/ronaldo-becomes-the-first-ever-footballer-to-reach/144nt1u2qkd3n1txr7z1hv1mqw

Let me begin with a myth buster. Wants are more powerful than needs. Did you know that?

I'm sure you've heard this cliche a lot, "highlight how you can meet their needs and they will buy". Here's the problem with that. If you only sell to someone's needs, they will always buy the lowest cost solution to meet those needs.

Think about it, how much can you possibly sell water (under normal circumstances), compared to selling champaign? Would you go to a hotel and buy a N5,000 bottle of water when you can have one for N500? Not really, right? But you can go to a hotel and buy a N50,000 bottle of champaign even if you have the option of a N3,000 champaign. In fact, you would most likely desire the most expensive.

Headlines? How important are they?

Looks at these quick stats; 80% of your potential customers read your healing as compared to only 5% who read the actual body of the text. How can you get more people to read the body of your copy? How can you create headlines that captivate your audience and gets your copy read?

Here are a few tips;
1. Know your media. Print or online? if it's online, keywords are important
2. Online? you MUST keep your headline at 70 characters or less.
3. Don't use full stops. People will do just that
5. Use the power of numbers
6. Offer - then squash objection
7. Get personal
8. How to use "how to"
9. Use testimonials
10. Avoid round figures 10, 20, 4
11. When the price is less than N10,000, use monetary discount and if it is over N10,000, use percentage discounts


So here's a quick way to structure your copy. It's called, AIDA

A - Attention
I - Interest
D - Desire
A - Action

How can you get the attention of your audience?
How can you pique their interest?
How can you create a desire in them for your product?
How can you get them to act and actually click that buy button?

Wow! This is enlightening. I have messaged you, pls respond.

God's word is a cleanser and transforms you and you simply read and ask the Holy Spirit to teach you. That's all she needs.

DO you have a seafood recipe, please share.. I need to do some food discovery

DO you have a seafood recipe, please share.. I need to do some food discovery

DO you have a seafood recipe, please share.. I need to do some food discovery

DO you have a seafood recipe, please share.. I need to do some food discovery

DO you have a seafood recipe, please share.. I need to do some food discovery

Fast guy

I like this illustration of him

I love this guy! My favourite song of his, Nothing For You

It's an Oron dish. Oron is a tribe in Akwa Ibom State. It is made as scent leaf stew.

Do you guys know Ukang?

Do you guys know Ukang?

Do you guys know this Oron recipe? Ukang

Have you had experience?

The first woman is a Nigerian, in fact, a renowned author based in Canada- Dr. Bunmi Oyinsan. The second woman is Juanita Peters, she’s from Canada but she’s a descendant of Thomas Peters who founded Sierra Leone who was originally a Nigerian.

Futurejoy:
I have no doubt about her statement cos our neighbor back then in Lagos happens to have come from Sierra Leone and she was married to an Igbo man. Her pidgin is just too Nigerian for someone who wasn’t born and raised in Nigeria.

His descendants are members of the Creole ethnic group, known as the Krio people, who live predominantly in Freetown, Sierra Leone. Some of his descendants also live in Canada of which Juanita Peters is a member.

His descendants are members of the Creole ethnic group, known as the Krio people, who live predominantly in Freetown, Sierra Leone. Some of his descendants also live in Canada of which Juanita Peters is a member.

In 1760, the twenty-two-year-old African, later called Thomas Peters, was captured by slave traders and sold as a slave to Colonial America on a French ship, the Henri Quatre.

In 1760, the twenty-two-year-old African, later called Thomas Peters, was captured by slave traders and sold as a slave to Colonial America on a French ship, the Henri Quatre.

Yes they have very strong ties to Nigeria and its culture

NockMedia:
No wonder the Seirra leonean pidgin is very similar to that of Nigeria.

In 1780, Thomas Peters was fighting for the British in the American Revolutionary War. A black loyalist, he resettled in Nova Scotia, where he became a politician and one of the founding fathers of Serra Leone. At the time of his death on the 25th of June, 1792, he was a Nigerian, American, Canadian, and finally a Serra Leonean citizen.

In this video her great-great-great-granddaughter, Juanita Peters, who is a celebrated actress, a renowned writer, and a respectable historian shares the real story of how blacks first migrated to Canada and how Serra Leone was founded by this amazing Nigerian.

Please watch, enjoy, comment, and subscribe for more interesting history about Africa.


https://www.youtube.com/watch?v=ZlFrIaP-nu4&t=3s


Subscribe here for more
https://www.youtube.com/channel/UCqSyyTlZjSXfRC5iO44tcPQ?sub_confirmation=1

In 1780, Thomas Peters was fighting for the British in the American Revolutionary War. A black loyalist, he resettled in Nova Scotia, where he became a politician and one of the founding fathers of Serra Leone. At the time of his death on the 25th of June, 1792, he was a Nigerian, American, Canadian, and finally a Serra Leonean citizen.

In this video her great-great-great-granddaughter, Juanita Peters, who is a celebrated actress, a renowned writer, and a respectable historian shares the real story of how blacks first migrated to Canada and how Serra Leone was founded by this amazing Nigerian.

Please watch, enjoy, comment, and subscribe for more interesting history about Africa.


https://www.youtube.com/watch?v=ZlFrIaP-nu4&t=3s


Subscribe here for more
https://www.youtube.com/channel/UCqSyyTlZjSXfRC5iO44tcPQ?sub_confirmation=1

Used Drone Accessories Hard-Case - 17k

Used Professional laundry iron with regulator and steam - 8k
Still in good condition.

P.S I am no intermediary, I just find this useful and I'm looking forward to getting and selling stuff myself but I'll try and moderate this thread.

Take a good picture of your item and let it be presentable then post it here with a description, faults (if there are any) and your price.

Enjoy!