₦airaland Forum

My sister is a pharmacist have witnessed countless times she avert disaster due to misdiagnosis or overdose. Nigerian system overwhelm medical staff too often reason once given prescription drugs I patronise where I will see a pharmacist on sit and experienced one is better.

Revealpanda:
I know absolutely nothing about cars and wanted to get my first car... I always loved 2013-15 Honda accord.... All my hope was on a friend who's been in car business for about 5 years now and knows his way around.

I went to where he is and we looked for a direct Belgium car, he did all the necessary test and assured me it was a good car... The person we were getting is from is also his business network of friends.

I made the whole payment without doing any test of my own because I know nothing.... We did drive test and everything and the car was okay.


On getting to my state I just decided to Google the Cars VIN number, I saw it online where it was in USA, turns out it seemed the car was used for Taxi in USA... While other than the headlight which was damaged in the VIN page it has no issue.


My concern now is the mileage... It has more than 200kmiles on it already... And via my small research such cars are bound to fail anytime.


I paid 13m for 2015 honda accord not to talk of transportation to my state which is 600-900km away from Lagos which te driver is saying he will take 700k to drive it to my state, not to talk of commission I paid my guy


My question now is was I scammed?

I've been depressed since last week

Taxi are always well maintained and pass most emission test. Sometimes it just insurance that made them sell. Once no Nigeria rewire or meco never touch am. Thank God and please use original abro coolant for radiator. Do original oil change. Check the break pads. No pressure wash radiator o. Make rewire no remove thermostat. Refill a.c gas.

thebargainhunte:
Even Ogas them didn't see this? They might have seen it but they know their level.Their antics cant work in Access.

Eni Ori yo odi Ile. The bank currently can cover operational cost with real earnings.

BabsO2:
Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

without fair value gains the bank access is actually running at a loss. They are as bad as the subsidiaries they are acquiring. Risk free rate is 15%, the risk with that bank only God can safe them, when rate decline they might have more fair value gains on there bond e.t.c. are they only into fair value gains. The asset quality of their acquisition is some how, the bank operational cost is high too. Once they have negative equity it bye bye. People with short term memories have forgotten diamond bank errors on asset quality exposure. Even gtb got risk on overexposure to bonds. If return on equity from real earnings not more than 25% am not buying a bank stock in Nigeria. Our banks are exposed to political and regulatory compliance risks. Be careful what one is overlooking. For me Nigeria market no longer a bargain. Too much risk and no discount on equity prices today.

naturalflow:
you are very correct brokern is profiting from our buy/sell activity.it happened to me recently,in the mad rush to exit uba,I placed an order at the lowest price during pre-market,it was filled,cscs details shows stock was sold at a higher amount than what broker credit.

that why you use limit. If am selling lots of units I fill with limits but sometimes at different price point. Meritrade though me that lesson in 2018.

Sirchiboy:
I met this girl on Michat years ago.
A smallie of 20 or 21 years old.
I asked her why she is into hookup.
She told me she is in school , she is the one sponsoring her self.
No single support from her parents. .
I was moved and thought I could make her my gf because I had never had a gf before so I thought is an opportunity for me.
We started dating but it was a miserable experience. ...
All my savings running into millions vanished within a twinkle of an eye in the name of gf.
I am just starting from square 1 now.
Did what her parents couldnt do for her but this girl mess up...
Open shop, rent house , supported her
It is very hard to see girl when get sense.

You get sense?

daylay7:
It cant be as glamorous as Ojude Oba

Nothing is set on stone. Time changes many things.

demolagilbert:
Nonsense

The creators and designers of said airpods disagree.


https://support.apple.com/en-ng/guide/airpods/dev5c4d302d7/web

Then even have left and right sign.

tunjijones:
Let them pay the fee.

Nigeria can't educate you almost for free and immediately you graduate, you will travel abroad to go and use the education you got almost for free in Nigeria (with Nigerians tax payers money) to benefit other countries and even start calling Nigeria all sort of derogatory names.

if not for there seniors sending dollars, will imagine what will remain of naira

Beeron:
While Kunle is a good film maker, he seem not to be a strategic business man.

R.I.P to Gazzuzz, As strategic as Gazzuzz was, if Gazzuzz was in his shoes, He would have moved not so heavy duty electric appliances off grid to use solar, then only buy lesser diesel for heavy duty electrical appliances that consume so much power.

He would save cost that way.

the problem is cooling of such spaces, solar is expensive for powering like 80 A.Cs. Hospitality businesses are cyclical

saintopus:
What does men Benefit from the so called marriage. This trend will continue until at a point women will be openly asking men for marriage.

Am married and I know what am saying

Even those working, still want more than there salaries as allowance. Am married too it really an expensive enterprise. I thank God she doesn't yet drain me emotionally. Papapa na to comot!.

Driving once, saw a lastma official calling in his private car without sit belt ON. I recorded his video and tag online. Last time I saw him in my area he did the right thing. Useless people.

SpencerForbes:
The guy must have secured the bag already... Broke guys don't enjoy such benefits. There’s zero heartbreak here. Nobody forced her hand, so she should just count her losses and move on.

lol, my first thought, someone close to me was very disciplined, she dated one thrice divorced naira billionaire then. Aunty always talking about how his place is nice. I was surprised once she informed me, the man doesn't use condoms and had numerous amorous relationship. Since the I limit my expectations on how fickle the human mind is. Just love yourself and take yourself serious only. I make my demand clear to my spouse because I know some of those stuff they claim they won't do, Na lie. To the right person they will do worse and it both gender.

megawealth01:
SOURCE

IFA lol

naptu2:
I can now write about AMAC election since it's over.

I wrote many series about indigeneship of Abuja. In those series I told you that:

1) The Federal Government took over all the land that is now Abuja and relocated the indigenes. The indigenes were also paid compensation.

I told you that the Abuja situation was one of two mass relocations that I studied (the other was the relocation of the people of Busa to New Busa because of the construction of Kainji Dam that led to the creation of Lake Kainji and flooding of their homes).

2) However, I told you that the indigenes of Abuja have always campaigned for representation and President Babangida listened to them and created the (elected) position of Mayor of Abuja (in the 1989 constitution), but Abacha removed it in the 1995 constitution.

3) I told you about the day that President Obasanjo was very angry. He had townhall meetings with residents of Abuja and they were introducing people as Eze Ndigbo of a part of Abuja and Oba Yoruba of a part of Abuja and President Obasanjo took the microphone. He was furious.

He said that he was chief of staff (military vice president) when Abuja was created and he was head of state when the people were relocated. The idea was that there would be no indigene of Abuja. Instead Abuja would belong to all Nigerians. He said that there could not be any traditional ruler in Abuja and he didn't ever want to see anything like that again.

4) I told you about the friction between the NPN Federal Government and the UPN Lagos State Government and I told you that this was one of the reasons why the FG did not want a governor or mayor of Abuja.

I told you that Abuja was created to avoid the problems of Lagos, so there was to be no indigene, it was to be big enough to absorb a large population (to avoid congestion of Lagos) and there must be no state government that can challenge the Federal Government.

5) I posted articles, pictures and videos about protests by the indigenes of Abuja. They said that the constitution says that every state must have a minister, but no indigene of Abuja has been made a minister. This issue was rectified by the Tinubu administration (they made Zephania Bitrus Jisalo a minister).

AMAC election

So now let's get to the AMAC election. Christopher Zakka (Maikalangu) is the chairman of the Abuja Municipal Area Council (AMAC), the most important local government in Abuja. He is from the Gbagyi ethnic group, one of the original indigenous groups of Abuja. He is a Christian and a member of the APC.

His running mate is Honourable Yusuf Nadabo, who is Hausa and a Muslim.




Dr Moses Paul Ogidi is one of the people that I call "Core Obidients" (not all these people that make noise online. These are the people that meet with Peter Obi almost every day and follow him to his engagements. They carry out tasks for him and they form the core of the Obidient Movement. I am referring to people like Dr Yunusa Tanko, Dr Moses Paul, Aisha Yesufu, Serah Ibrahim, Morris Monye, Blessing Chimezie, Bolanle Emiabata-Anibaba, etc.

Dr Paul decided to throw his hat in the ring and contest the election for the chairmanship of AMAC. His running mate was Nebo Nneka Emmanuela.


However, there were several problems with that ticket and it reminded me of what happened in the Edo State governorship election, when the Labour Party picked a candidate from the wrong place.


The first problem is the problem of Option A4. The Babangida Administration designed Option A4 to counter the problem of absentee politicians. There are people that are very famous nationwide, but are unknown in their village. Option A4 was designed to force such people to contest primary elections in their villages before their could aspire for higher office.

Dr Moses Paul is well known by Obidients across Nigeria, but many residents of AMAC have stated that they had never heard of him before this election season. Meanwhile, Honourable Maikalangu is the incumbent chairman and he has carried out a lot of projects and campaigned all across the local government and people in the local government have known him for years.


The second problem has to do with representation. I have told you about how the Gbagyi and other original indigenous ethnic groups of Abuje have fought for recognition and representation. Honourable Maikalangu is Gbagyi and originally from Abuja. His running mate is from a part of Kaduna that borders Abuja. Meanwhile, Dr Moses Paul is from Benue State while his running mate is Igbo.

The result of that ⬆️ is that Honourable Maikalangu won all the rural areas (where there was heavy turnout), while Dr Mo's victories came in the urban areas (where there was low voter turnout).

Honourable Maikalangu is a Christian and his running mate is a Muslim, but both Doctor Paul and his running mate were Christians.

In my view, the most important issue is something that I wrote about in my structure series. Honourble Maikalangu has been in politics for a long time. He was once a councilor in AMAC (2013) and I have heard his name for many years (he was previously in the PDP and he has supporters in both APC and PDP, in fact, the PDP candidate stepped down for him). He is the incumbent chairman and has executed many projects. Some people have also criticised him because of the sanitation situation in the council, but even this is to his advantage. You see, the people of the council know Maikalangu, but many of them have never heard of Dr Moses Paul before the election season.

the number of voters is a mockery. As in all parties should be ashamed. Voters apathy is gradually showing a weakness in our democracy. We are just doing anywhere Belle face. Even the ruling party need to pay attention to it.

crownprince2017:
Before the sales, how much does transcorp pay as dividend n how much do they pay after sales.

Ok, since dividend is not the goal, how has it impacted transcorp share price after sales. May be tomorrow ooo but today nothing show just like groundnuts locked up inside bottles, chicken can never taste it.

I will like to know how the minority shareholder have benefitted from that decision.

before 5kobo as at 2022, factoring reconstruction that 20kobo, this year might be N1.20kobo for 2025. That 6times, in 2years.

sheeda995:
Lol, but he was very young to be honest, I don't think that counts. You should tell him what happened and forgive each other. He was also a child and most people abroad weren't doing well. Most teenagers abroad has lots of problems when they arrive and some often go psychotic. I think you should tell him and forgive him

so he should still take responsibility, I pity people. See he should remember an apologise first, I trust my mum. There would be another call in 5mins from me apologising as that kid and claiming am pranking him ni o. Lol

Oracleee:
Peter comes to mind.


Early 2000s. We were kids close childhood friends. Our mums worked at the same place. We spent alternating weekends in each other’s houses. Him and his brothers would stay with us, we’d stay with them. We attended the same primary school. It was that kind of bond family-level closeness.
Then his mum got the opportunity to relocate to greater London. This was even before the whole japa wave became a thing. While she was sorting herself out, they stayed with us. Eventually she came back for her husband and kids, and off to London they went.
We lost contact for about a year.
One day, my mum said, “You people want to speak with the Babatopes?” We were excited me and my siblings. Childhood friends reconnecting after relocation? Sweet moment, right?
Wrong.
Peter and his siblings denied knowing us.
Flat out.
Asking “Who is this?” When I tried explaining, he acted like he had no idea who I was. My mum was shocked. I was a boy almost entering my teenage years, and my supposed best friend more like a brother that I already used to brag to my friends around erased me like I never existed.







That day stayed with me.
Fast forward about 15 years later. He wanted to come to Nigeria for something and needed help with security and accommodation. He reached out through my mum.
At that time, I was in the UK on course at Sandhurst.
I took my pound of flesh.
I feigned complete ignorance. Said I wasn’t even in the country. His mum called, acting surprised that I didn’t “know” them. The irony was loud.
Eventually I returned to Nigeria after my program. He was still around and tried reaching out to meet up. But that childhood hurt stuck with me. I cut ties completely.
Maybe people change. Maybe kids do silly things. But one thing I know is this if he had met me in a place where I wasn’t doing well, I doubt he would’ve wanted to reconnect.
Some people remember you only when you’re useful or successful.
I don’t hate him. I just believe in energy matching energy.

You are raised well sir.

Pablo Richy, agba baller. We thank good for this guys many ladies with useless father's might no get future or house to sleep.

Sunrisepebble:
Come and tell us. Not sure what to do next week

"The play is simple: Liquidity. Capital is fleeing negative real rates and low yields, and with the SEC enforcing recapitalization for insurance and pension funds, that money has nowhere else to go but equities. This unnatural liquidity could push the market as high as 250,000 points.
​However, investors should be careful. This rally is built on high-rate portfolio flows, not real Foreign Direct Investment (FDI) in the real sector. It’s a bubble. The trigger for the crash will likely be the new US Fed cycle, once that kicks in over the next 12 months, capital flight will resume. We are still battling the systemic rot left by Emefiele, and the government is fiscally handicapped. Tread carefully."

emmanuelewumi:
Core value investors don't consider growth. Once the PE is high they assume the stock is overpriced.

Peter Lynch's concept of ) Growth At a Reasonable Price) is aimed at merging value investing and growth investing.

felt you meant net-net hunters that only works in over-depressed market. If not hyperinflation presco won't have looked so great, the entire market not so impressive. Most Nigeria companies not growing in dollars terms as we are currently pricing them currently. I enjoy wealth creation with greed.

emmanuelewumi:
If you are a core value investor, you will continue to miss opportunities in the market if you don't know how to identify quality stocks and growth stocks selling at a reasonable price.


@Nosa, take note.

Core value investing price in growth and at appropriate price. Everyone just perceived value differently, and there will be errors of omission. Sometimes you found something better or thought is better. I see all investing as speculation but imagine palm oil price is selling at $550/Mt, where is the profit then. Currently price as been falling in the market and can track palm oil shipments to Nigeria. A glut might be near soon if naira strengthen aggressively.

emmanuelewumi:
We thought Presco was expensive at less than N200 in June 2021, but the price now


Unfortunately core value investors who don't know how to analyze growth and quality misses the opportunity to load more 5 years ago

you are both right. Cyclicals are actually like this. By the time dollars weakened to N1000 as speculated, cbn will reduce interest rate importers will import more. There margins will suffer. But I feel market takes time to correct and might produce another opportunity hopefully.

seunmsg:
The werey took loan from another bank and don’t want to pay back

to really get them nirsal to tell me how much and owe been to the ikeja bank thrice, saw people who have paid but couldn't get letter of Indebtedness 2 years now. Nigeria na funny situation.

Yorubastardz:
My aunt who was barren adopted a boy in 2002

Fast forward to 2025 last June.
This boy turned my aunt life upside down

He Insults her like mad. Disrespect her in front of visitors. Scold at her

This got me thinking if Adoption is worth it
Because the boy clearly don't feel connection

And during some of their outburst
He will curse her and her family.. Omo

After seeing this same pattern in 3 families
I have concluded ADOPTION IS A NO NO!!!!

most of kids offered for adoption in Nigeria I seized from crazy people or families. Traditionally we are communal in nature, even orphans get auntie's and uncles. But people from dysfunction families are easily abandoned and might also inherit mental illness.

awesomeJ:
Yes sir.

Sometimes it's beyond luck though. As of Q1, 2025, it was no longer prudent to hold idle dollars vs naira assets.

Naira may also soon be overvalued, if oversold too because our deficit budget still out of control and budget performance is still poor. Government needs to be more serious on corruption prevention and rule of law. We still have very weak systems. Feeling our equities are not pricing that risk. Many what if's. Not selling off but taking more short-term bonds. Don't need to beat market always, but protect capital and it value. How is your trading going.

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.