HesInMe:
It is shameful that you even have to explain.

An entrepreneur spent billions building our only functional refinery at home and employing thousands of our own citizens to supply products we all badly need. You'd think every Nigerian would be bashing anyone standing in his way. But look how we're treating him.

In countries that have sense, we'd be naming airports and monuments after him.


I'll help you (a little)

1. Nigeria spends an estimated $10billion annually on round trip of refining petroleum produce.
2. Nigeria spends an estimated $7billion annually on subsidizing petroleum produce because of #1.
3. DR will bring much needed FX through export of petroleum produce.
4. Nigeria spends billions on fertilizer imports yearly. At about 3MT/year, DR will satisfy local needs and still have enough for export.
5. DR currently exports most of their aviation jet fuel and diesel.
6. The burden on our Excess Crude Account will be reduced...

If all those needless imports are removed (or reduced by over 50%) the improvement will be very visible...

Picky1:


@yMcy56...our in-house data base, you are doing a Yeoman's job!
Please don't get tired....keep up the good work!!

emmanuelewumi:




I just shared how you can make your children to be interested in the stock market. They will be interested when they see the assets one is buying through the capital market.

By the way I don't have Oando and I have no regret about that. I sold all my shares in the company at an average price of N24 in 2024 and I have invested the proceeds into other stable stocks


Unless you are an insider don't have more than 20% of your portfolio invested in one stock.


You are a veteran in this business, you should not be found doing follow follow

emmanuelewumi:



How about buying a property and letting them know that you used your Oando loot to buy it.


Income generating asset acquisition is not a one off thing, but a continuous venture

emmanuelewumi:



Buy tangible asset and let them know you bought it courtesy of the stock market, if you get good dividends let them know you got it through a stock bought many years ago at a ridiculous low price

Let them know about passive income and the need to have different streams of income.

My old man became interested in the stock market, when I pledged my shares as collateral when he desperately needed a loan to complete one of his properties. Loan was approved within a week, whereas they have been trying to perfect a lien on a property he planned using as collateral for the past 12 months without any success.

Let them know the importance of having investment in the capital market and they will be interested

cocolacec:


If you have a daughter,you can handover to her.

Hogwarthtrades:


challenging when it comes to giving suggestions to family issue, please take this one sided opinion with grain of salt as the line i have towed to avoid issues in the future.Here goes my 2 cents to chip in.

From your write up the kids you mentioned seem to be doing good for themselves. Don't force them, all you can do is introduce them to the idea and be open to answer whatever questions they have.

Always believe adults based on their first response and action, this will save you stress. Considering the 2 offspring you have reached out to are not interested, if you have another, reach out to see if he/she is interested. If no one is interested, It is high time to start to look into setting up a trust (you don't have to be deca/ centi millionaire to set one up ), make up your mind what you want to leave for your wife/ husband first, then the kids , dear relatives and institution you hold dear to heart can also be your beneficiary.

Your conversation with the firm will guide how the assets will be structured revocable or irrevocable trust (if you are a resident of multiple nations, you will have to replicate same process based on each countries estate planning law ) . It depends on how the trust is structured, You can leave a percentage of the whole asset for yourself to still manage while the trustee oversee what you want to be in their care. As your wealth increase, you can always transfer to the trust as you deem fit yearly/ biennial, etc.

Suggestion is from experience : My next of kin is in my generation, the next persons (2) in line after that are fosters (not sure they will be interested.Hence, preparing handing over the baton is smooth without issues).
Hopefully everything works out for you big man/ woman.

ojesymsym:
How many of them ready to learn anything serious?

Let us face it, many kids from average to affluence homes feel a large level of entitlement particularly when you thought you were doing the right thing allowing them enjoy the money you worked hard for and give them a life you did not have.

Some even take it a step further and start turning gay because in your benevolence, you send them go abroad.

yMcy56:

My Oga, na for street i pick am oooo
Osita don use his ChatGPT analyse am since nah. 😁

Btw, some people don take @Mankind2024 jokes too serious ooo, make una dey relax abeg.
How does it even sound to divorce because of one faceless person wey he never see before?
Don't even know whether na man like Agba said. Lol.

Anyway Oga mi, I'm still open to that UCAP gift jare.....😁

Mankind2024:
It's fantastic that we're injecting some humor into this amazing forum! 🙌 Laughter is the best medicine, after all - and we'll need it to survive the rollercoaster ride of NGX! 🎠 As we navigate the twists and turns on the road to success, let's keep our sense of humor sharp and our sanity intact. After all, when life gives you lemons, make lemonade. And when NGX gives you volatility, make a witty joke and a smart investment move! 😄

Willie2015:


Anyhow they want to do it....
Na dem sabi...
Let us get a piece of the pie... with our shares..
Thats the koko...

ihedioramma:
Is there any thing present ? ONE LOVE .

Agbalowomeri:


Lol na OGG get multiple handles for here. Wetin I wan use second handle do

Agbalowomeri:


DANGSUGAR don amputate person two legs o. Who get crutches?

megawealth01:
Dangote Refinery To Sell Remaining NNPC 12.7% Stake – Fitch

https://punchng.com/fg-spends-600m-on-fuel-importation-monthly-edun/

megawealth01:


The truth is I buy stocks when others are FEARFUL

Mankind2024:
World War 3 scenario on global markets.

Mankind2024:
@dave07, welcome to the irrational market.
No one will tell you to seize the day.
The stock market is the most irrational market in human history. Analysis paralysis can influence your bias. Even the greatest investors make mistakes. No one has a crystal ball to predict tomorrow's events. Has your primary objective been met? You can sell stocks today at a loss, only for them to become even more bullish, beyond your
Thexpectations and understanding. Identify
your investment bias and apply the rule of rational investing in an irrational environment. While human beings can be unpredictable and irrational, the stock market is even more so - we know that the best-performing stock today can be the worst tomorrow and vice versa. Having the right bias to seize the day and buy and sell at the right time always creates a beautiful story for investors. I wish you the best in seizing the days ahead.

Mankind2024:
@dave07, welcome to the irrational market.
No one will tell you to seize the day.
The stock market is the most irrational market in human history. Analysis paralysis can influence your bias. Even the greatest investors make mistakes. No one has a crystal ball to predict tomorrow's events. Has your primary objective been met? You can sell stocks today at a loss, only for them to become even more bullish, beyond your expectations and understanding. Identify your investment bias and apply the rule of rational investing in an irrational environment. While human beings can be unpredictable and irrational, the stock market is even more so - we know that the best-performing stock today can be the worst tomorrow and vice versa. Having the right bias to seize the day and buy and sell at the right time always creates a beautiful story for investors. I wish you the best in seizing the days ahead.

ProphetUtuocha:
In our 2024 prophesy, folks were warned that the Dangote stocks would underperform. Many threw stones and insults.

Agbalowomeri:


I dey watch the drama
I no get strength. Garri don finish
Make FG do the needful make food reach ground 😂

SonofElElyonRet:
[/b]

Not at all. You are referring to translation to English please. King James did not personally translate the bible (not just the new testament but the whole bible actually), but commissioned experts to translate... Take care to do adequate research. Moreover if you disagree with King James Version for any reason, there are other English translations..
Also you did not provide the book, chapter and verse of the bolded which you claim was smuggled into the bible by king James

emmanuelewumi:



They are working for the Presidency

SonofElElyonRet:


The "official" world language then was Greek due to the hellenization policy of the Greek empire led by Alexander the great and which subsisted into the Roman empire... it was the old testament that was originally written in hebrew and aramaic.. new testament was written by Jewish followers of Christ in the popular language of that time which was Greek .

Modified.. Enough of this topic for me.. make dem no talk say i dey derail thread. Just clarifying issues raised by others

Raider76:


But where is Tinubu in all this? He is behaving like Buhari - quiet when the house is burning. Maybe his own Aso Rock cabal is not briefing him?

SonofElElyonRet:


You are offering us your personal opinion and not scriptural position.. over and over again prophets had visions of God on his throne and "thousands and thousands" ministering unto him"... Paul said he was caught up to the third heaven which is the highest heaven... John in revelation said he heard a voice that said "come up hither and i shall show you what shall happen".. Jesus said in my father's house there are many mansions.. i go to prepare a place for you... Jesus told the thief.. you shall be with me in paradise. Jesus told Pilate my kingdom is not of this world, if it were my subjects (angels) would've fought... where God lived before he created heaven is best known to him and i don't need to bother myself about.. i don't have to know everything...

Heaven is a planet in a different realm and dimension.. not physical but material

megawealth01:


With what UNITY?

iHaveMadeiT2:
Agba don change mouth and CP don appear, so it seems the worst is over

Deadlytruth:
I greet you The Great Toluway.

Deadlytruth:

I will not join those who advise newbies that they can only get good knowledge and clarifications in this forum if they take the pain to go and start from page one and read to the latest page. That to me is unrealistic as it amounts to being asked to read close to eight thousand pages before one can correctly invest. Even those who have been on this thread right from the day it was created cannot say they still don't make mistakes in investment decisions.
What therefore matters in my own opinion is for you to just always follow this thread henceforth while occasionally searching for specific past pages on any particular information or knowledge you want. For example, of you wish to find information on, say, stocks that pay dividends consistently, just go to Google and type that in the search bar and after typing you add Nsempa Nairaland to it and it will take you to the specific pages in which such was once discussed here. That is how I scout for information on this thread.