₦airaland Forum

emmanuelewumi:
Why can't they establish a plantation thereby creating jobs for Nigerians and also reduce the pressure on Naira

It not easy to scale for everyone and there might be no incremental gain for them as it actually a cyclical business. Just bad economic decisions made them look so good.

awesomeJ:
To think that exactly 2 years ago in February of 2024, this same USD was selling for 1900.

Someone with N19m who bought $10k then is now probably going to soon have his money worth just N12m after 2 years, whereas if he had put it any any set of sound stocks on the NGX, it would be worth N60m at least (5x)

If he had diligently picked winners, it would be worth up to N120m(10x)

Even if he had just locked in fixed income at average 26% yield, it would be worth N30m compared to N12m from the preachers of "hold dollars"

it depends on how one is lucky. Bought dollar at 750 2023, sold at 1750 averagely to buy dollar priced commodities, Wapco, OKOMUOIL, presco. Some companies with pricing power. Right now am buying us stocks as small caps are getting beaten down with quality growth engines like appfolio, copart, next power, but still chop beating in bath& body works, occidental corporation. If you have small capital so many opportunities just avoid temptation of over- diversification or over-concentration

freemanq:
Even a mad man on naira land knows that the project will not be completed even in 10 years. Mad men on the street of Nigeria knows that many federal Highway are almost if not completely washoff and there's not plan to maintain to them in the next 10 years. A word is enough for the wise .

so because it won't finish in 10 years means it useless. O ga o. 500km is something in 10years

otipoju:
Sometimes,no oftentimes, the most religious people are the most despicable human beings you would come across.

They would pray and sing fervently now and go and commit and say vile things the next moment without an iota of guilt.

And will never admit they are wrong. I have worked closely with " men and women of God" in the last ten years ranging from pastors and gospel artists to prophets and evangelists....at this juncture I just prefer to keep them very far away from me.

They are nasty, mean, vile, jealous, greedy, proud, arrogant, promiscuous and so on and so forth.

worst of values, shared same experience recently, sometimes felt there fanaticism my be untreated mental 🤒 illness

theforemost:
Between 2023 and 2026 Nigeria would have spent N30 trillion on Fuel subsidy....

Nigeria would have spent over $40 billions to defend the Naira...

That is a total of over $62billion disappearing without wings....

The opposition will say " where is the money "...

Don't blame them ....

In Democracy, if the ruling party say " Donald Trump is the president of America"
The opposition will oppose it.....
That is why they are called opposition...
Their job is to oppose...even when their opposition defy logic....

In May 2007 Obasanjo handed over a debt of over $20billion to Yar Adua, including a gross external reserve of $43billion.....

In May 2015.... Jonathan transferred a total debt of $63 billion to Buhari, including Gross external reserve of about $29billion...

Two things happened....

In 8 years Jonathan grew Nigeria debt by over 200%, depleted the external reserve by over 50%..

This is despite selling an average annual Crude Oil of over 2 million barrels from 2007 to 2015....

This is despite selling crude Oil at an average of $100 from 2007 to 2014....

The wailers that were in power in those 16 years didn't ask where the whole money sold from $100 of barrel of crude went to...

They didn't ask why borrowing increased by over 200% in 8 years and FX reserve collapsed despite massive spike in crude prices...

They were too dum*b to ask... Because they were wired to shout " power to the people" at all time...

The average population of Nigeria when they wasted all those monies in 16 years was just 145 million, Today Tinubu is leading almost 250 million people... almost twice a nation the wailers led..

In 2023 Buhari left $43billion external debt, and N54 trillion domestic debt.... Using an FX rate of N460 per dollar, Buhari left a total debt of $160billion for Tinubu....

Buhari left $33billion Gross external reserve.. with FX backlog of almost $30billion...

The latter days Wailers who are blinded by region and ethnicity including those blinded appointment Rustlers... Didn't ask the Buhari they were supporting why he grew Nigeria debt by almost 200% with an Empty net External reserve...

They were more interested in shouting " Ranka Dede"..

If Tinubu continued on business as usual.... Nigeria debt would have been over $240 billion ...adding money borrowed to pay salary... Gaza would have been heaven for Nigerians....

With a touch of genius Tinubu recalibrated Nigeria debt to around $100 billion.... Wiping off over $60 billion from what he inherited from Buhari...
Tinubu grew the external reserve to over $46billion....

Economics is not for kids.... Tinubu economic team are genius....

Tinubu is leading a country almost twice what Obasanjo & Jonathan led... He is selling crude almost half of what wailers and their leaders sold..

Yet his projects are everywhere....

They just saved a ship with over 245 million people from the verge of wrecking....

If you failed economics in school but want to come and lecture Wale Edun here...

You are one of the reason why the Urhobos will always say that...

It is better to born a thief than to born a mumu...

Proverbs are not for kids.....

© Onovughe Igwe

Nigeria’s domestic debt is in Naira. When the Naira was valued at N460/$, a N50 trillion debt equaled $108 billion. When the Naira floats to N1,500/$, that same N50 trillion debt is now worth only $33 billion. No magic was done, average Nigerian mostly pension funds buy naira denominated fg debt was scammed. Better to have FX exposures in once asset allocation in timely manner.

Agbalowomeri:
This one should return to N5

https://doclib.ngxgroup.com/Financial_NewsDocs/45936_AXA_MANSARD_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JANUARY_2026.pdf

in this market, they read data backwards now. Month end they will say Dangote is buying it.

iskalamong:
Revenue dropped likely due to decline in downstream sales.

Marginal growth in profit (c.10%)

They reported EPS of c.N30 and the stock is trading at N40.

Looking like it’s still the cheapest (or at least one of the cheapest stock) on the Nigerian exchange.

Negative shareholder funds, high debt and no dividend are potential negatives keeping share price low.

I will take a better look at the numbers later.

Cheers!

Iskalamong!

.

.

hope you can read cashflow statement, they are not cashflow positive, and have financial burden. All those revaluation are deceitful.

emmanuelewumi:
But not backed by cash, when you consider the Free Cash Flow

People want to make money fast, easy come easy goes by the time the bull clear them go know what's up 😊. That company needs financial miracle.

ravensckar:
Mr. Sherlock Holmes, maybe you should tell me.

For about a decade of being married to me, somebody has been giving me joy. You're here saying you wish I knew her past. Of what relevance is her past? Abeg, let the past remain in the past jare. Or you think sey my own hand clean too?

quite a lot of people think only other people have past, I like my wife too, we argue o but what is one looking for when you are happy. Just have to accept in life we are virtually ignorant of so much details.

Babatunjo:
So I was at dinner with a friend this week. Guy has been married for about 8 years now... married almost immediately after uni. Tall guy, always had fine girlfriends back in school. You’d think na him go dey hype marriage pass.

Out of nowhere, he just sighed and said he regrets marrying… apart from the kids.
His advice shocked me.

He said if he were single again in 2026 Nigeria, he would never marry. That I should just find a woman, have between 1 to 3 kids if I want, make her comfortable, take care of my responsibilities... but avoid marriage completely.

I laughed it off, but then it hit me:
My boss had told me something very similar some time ago.
Then I remembered a former neighbour... fine wife, two kids, lovely family pictures on social media... he also warned me not to rush into marriage.

These are not bitter, broke men o. These are men society would call “successful”.

So now I’m asking myself (and una): Wetin really dey happen?
Is marriage quietly becoming something different from what we were sold?

I don't hate am married but it expensive, the idea someone want me to make them feel they are special, don't need someone to make me feel special. All I know is am human and lucky. But it expensive 😕

iwaeda:
Ambode is most likely. I have seen the sign. What happens to noise maker called Jandor.

it minister for Education that will complete Epe ticket, that the closest option.

Dogalmighty17:
Useless eye service. Those counterfeit TV sellers have been operating for years. SON can't claim ignorance.

since I have been going to Alaba, more than 12years, unserious people.

Workmanship is he in Germany, cement for tilling too much sef. And 4 inches pipe quantity, it plenty

nosa2:
Nigerian market is protected but I suspect that protection will come off sometime in the next 20 years

let interest rate comes down, importers will have access to cheaper capital for importation, that a part of the premium.

chimex38:
To spice up and deepen your Trillionaire learning Ministry from BUA.

9Trillion is Enough to fund the full 2026 budget of about 13-14 states of Nigeria COMBINED without borrowing!!
you read that COMBINED without coughing a kobo in external debt of capital/recurrent expenditures funding .

About 36% of the entire sub-nationals can be funded by just 1 family.

To buttress the enormity of the amount, each of these sub-nationals are still going to borrow substantially to fund their 2026 budget aside allocation from FAAC and IGR.

Life no balance

#ICIR_Post_on_StatesBudget
https://www.facebook.com/story.php?story_fbid=1313726317463800&id=100064793316314

let him try selling the company, if a institutional investors will pay that much multiple for that industries, they have a low float and are all beneficiaries of what 100,000 limit does, it why am happy pension funds are not allowed to buy much equities. That 100,000 unit limit has to be stopped for some stocks and 10% daily gain or Loss.

Any simple arithmetic will have let us all Know Don Aza is outrightly correct. They have revenue shortfalls and If we don't pay they will continue huge deficits and more uncontrollable inflation will be what we will get. Wealth nations tax citizens maybe we will hold public and civil servants more accountable.

pluto09:
He has already made his money and the asset is overpriced.
How he gets people to buy his overpriced assets at inflated price remains a mystery.

maybe cooperate money laundering.

Kingsley34:

https://www.youtube.com/watch?v=m7wgiX3U6Ks

Watch this explosive moment caught on camera in the heart of Lagos traffic chaos! A frustrated commercial bus driver completely loses it during a confrontation with a LASMA (Lagos State Traffic Management Authority) officer — allegedly over a traffic violation or extortion dispute.
The video shows the driver unleashing a barrage of punches and slaps on the uniformed officer right on a busy Lagos road. A brave bystander jumps in and delivers a sharp slap to the driver to break up the scuffle. The scene escalates quickly amid honking horns, shouting passengers, and stunned onlookers.
This raw footage highlights the daily tensions between Lagos drivers and traffic enforcers — from economic hardships to alleged harassment — that often boil over on the streets.
Nlfpmod mynd44

ignorance of the law is not an excuse 🙄, he assault him. He will go for anger management, Physiological evaluation, them small sentencing. He doesn't like is freedom, lastma is frustrated too. Let abide by the law respect human dignity.

erniok2:
I'll paint a scenario. If the police asks an armed man to freeze and drop his weapon, it could create 2 scenarios:

1. The armed man drops his weapon and.is no longer a threat to the officer who would handcuff him.

2. The armed man attempts to shoot the officer and is gunned down. He was a present threat to the officer.

The law was saying scenario 1 played out and going ahead to kill the herdman was murder.

PS: This is using US as case study and in no way involves naija police.

that true, but policeman is trained, and if a policeman notice that criminal was similar to some who just killed 100 policeman unko, he should just watch and arrest 😉 as he is alone. That man was in shock and couldn't ascertain presence of other treat. Those people needed to be designated terrorists that why the law didn't favour him.

erniok2:
The judgement seemed a bit fair to me. You have immobilized him so why go ahead to kill him.

it what determines when one is immobilized that is baffling me, in a place where him escaping is his death sentence. Terrorists getting lighter sentence, our law making Legislators needs more activities and president no see that one give pardon 😉.

fineboynl:
The electricity is bad and terrible since November. As a band A customer we are not getting the agreed minimum power of electricity each day.

Yet they are still charging for band A.

Our economy still very cyclical with our natural season. Demand energy wise picks up with dry season economically so energy needs increases. The power deficit quickly shows now as hot season will also increase household demand for Cooling in door and food. Even daily petrol demand peaks in dry season. We really need to encourage cost reflective rates, eco-friendly usage and also upgrade distribution which very expensive. Short term consider other cost effective options

oalandAgents2:
Minister of Works Nweze Dave Umahi, not Tinubu is responsible for this event.

Please give Umahi the respect and credit due to him.

but Fashola deserves no credit

hatchy:
If you are the type that like quiet and serene environment, then Enugu is the destination you'll need to visit for holidays or relocate to.

In all my travels to different parts of this country, I've never seen a city more orderly,beautiful, clean, serene, and with good ambiance like Enugu. I also noticed that the inhabitants are more friendly and willing to assist if you need help.

Peter Mba is working tirelessly to make the city more beautiful and attractive to investors too.
May God give him more wisdom to work for his people, especially now that he has joined them in that their witchcraft coven, APC.

same feeling and it weather is beautiful too , just easy going feeling

unite4real:
N7 million rent from a N100 Million property is rare. I have couple of friends in Abuja who bought houses and some built with value around N100 million and the rent is around N4.5 to N5 million

A friend was lucky with one bought 1 plot 2 flat for 18m in 2024, made repairs with 12m. Currently 2 tenants with 1.2m each and 2 shops 400k each. 3.2m but by the time maintained start. Lol

Dalohad:
This is why it is good to have a second address as a politician.
This is why it is good to be a professional in any field before going into politics.

After politics, the lawyer can go back to his chambers, the Professor can go back his classroom, Medical Scientist can go back to his Lab, the Physician can go back his hospital, the Pharmacist can go back his Drugstore, the Architect can go back to his drawing board.

politicians can also go back to his ward. Lol.

Transnational Corporation am currently looking at the thesis around the holding company and the growth in revenue by the subsidiaries. What are the negative thoughts anyone here have on the company. Please share just want to get others opinions.

Last last na another yam eater, will God forgive Nigeria

Me I buy when I have free money, 2015 people thought Goodluck won't concede, as Buhari start some bull start small in 2015 and 2018 too, life goes on. It not get rich quick, some of us own private business and have seen some deflation in prices, winners will keep winning and one day market will remember them until then, we spend some dividend and reinvest some. Doomsday is how my dividend income now matches 30% my annual income.

kintus:
So many angry fellows in this forum lately.
Can we please channel this energy somewhere else?

We all came here for investment discussions, but the energy we're putting out isn’t right for this space. Money doesn’t like this kind of vibration.

Let’s keep things positive.
Wishing everyone a greenful and dirty December ahead. 💚💸

God bless you

Streetinvestor2:
I believe the disgraced nation must have produced disgraced ngx today and werey charge and bail lawyer .kanu only offence is because he is igbo and thr was already a pre determined judgment by a werey
The disgraced ngx will continue on its disgraced direction till further notice
It is elementary economics..FA and TA does not work in any disgraced economy
Go and verify

So Kanu did no wrong to you, Kanu was released after gathering people and making secessionist statements, after released on bail, he jumped bail and that is lawful too. He was in Kenya inciting arson of public infrastructures, making tribalistic statements. His followers where violating other Nigerians right to movement. Just felt Nigeria union should have been negotiable from unset. Ngx will thrive , and quite a lot of us, will grow our wealth to billions here. All your pessimism ok, all our optimistic views are ok too.

HesInMe:
Market price-to-earnings ratios don't predict the likelihood of a market crash at all?

You're rewriting all of modern finance. If you're right, you'll earn the Nobel in economics. Don't bet on it.

I once bought banks close to 2 p.e before gtb sef. Reasons not to play all hands market always surprise.