₦airaland Forum

Itimkpataka2:
Everything in Nigeria Cyber crime space is Hacking, even dialing normal Bank codes is Hacking in Nigeria .

You dey mind them...

LuciferRamadan:
This part is a big lie.

Anthony Joshua confirmed himself that no rematch clause was inserted in the fight because he never expected to lose.

If the fight holds, it will be because Ruiz Jr. wants it to happen.
No one can force him.

If I were Ruiz, I'll avoid Joshua & cherry pick my opponents like he & Wilder do then fight him in 5 years time like Mayweather did to Pacquaio.




*spits

https://www.dailymail.co.uk/sport/boxing/article-7095759/Anthony-Joshua-admits-didnt-ask-rematch-clause-Andy-Ruiz-Jr.html

https://www.theguardian.com/sport/2019/jun/02/anthony-joshua-rematch-andy-ruiz-jr

In your mind you are smart right? What does Anthony Joshua know about a contract? The same AJ that does not know the meaning of Diaspora during post fight interview? Listen, Eddie Hearn, AJ promoter, will never leave his cash cow unprotected, Dillian Whyte fight didn't happen on April 13 because of rematch clause.

Rematch clause is a standard for every belt holder. Without it, you think Ruiz will rematch him? He even said it severally that they have a rematch clause but he has a percentage split unlike the first fight.

What an upset.

A lot will be said about Anthony Joshua first ever lost but our focus at Investors King is to breakdown factors that led to such an upset considering its odds and what could be done to avert similar fate as business people.

Focus on What Matters

Leading up to the fight, Anthony Joshua focus was on Denotay Wilder, the WBC champion of the world.

Despite Andy Ruiz been a last minute replacement for Big Baby Miller who got banned for testing positive to three different substances. Joshua continued to focus on a possible fight with Wilder, the American Champion.

It was last minute that Eddie Hearn, Anthony Joshua's promoter, started saying Anthony Joshua needs to focus on Andy Ruiz Jr who was determined to be the very first Mexico's heavyweight champion of the world.

Hearn knows Anthony Joshua had to abandon his previous training strategy and find a way to learn and adjust to Andy Ruiz style within just about three weeks. While Andy Ruiz Jr just came off a solid win against German Alexander Dimitrenko who shares similar attributes with Anthony Joshua.

In business, it is important to focus on the present and effectively masters its mechanics and execute your strategy precisely while hoping you would have done enough to earn a solid future. It is pointless to prepare for a future you may never have. Now is your moment, give it your all!.

It is pointless to prepare for a future you may never have. Now is your moment, give it your all!.

A Good Strategy is Nothing Without A Good Execution

Anthony Joshua, his team and promotion company has a perfect strategy to break into the American market and enhance their earnings after conquering Europe. What they never anticipated was the depth of the American market in terms of competition and execution.

What they never anticipated was the depth of the American market in terms of competition and execution.

In heavyweight boxing, the smaller guys can adapt to the bigger guys easily but the bigger guys like Anthony Joshua struggle with the smaller guys as seen against Povetkin, Joseph Parker, Dillian Whyte, Carlos Tekam, etc.

Andy Ruiz Jr and his trainer knew he was coming off a good win with someone just as big as Anthony Joshua, meaning he has 10 weeks of successful training camp and a trainer that has lost to Anthony Joshua in previous fight against Dominic Breazeale, hence, they understand how to handle his perceived edge, developed a strategy to negate it and perfectly executed it.

They studied every piece of the 'Anthony Joshua puzzle' and magnified every little thing Anthony Joshua and his team overlooked.

Therefore, a good strategy is just as good as its execution. A perfect example is the recently listed Jumia shares on the New York Stock Exchange, good strategy but poor execution.

A good strategy is just as good as its execution.

We All Lose at Some Point

You are not always going to have it your way, so don't be rattled by your loss focus on your mistakes, make adjustments and celebrate your wins no matter how little.

Anthony Joshua may have failed to break the American market with a win but he has won the market with a lost, media won't rest throughout next week. Even if it is negative news, he has a chance to convince them in the rematch it was just a 'bad day in the office'.

Therefore, he can focus on the negative noise and allow it to break him or forged ahead, knowing the rematch would now be bigger than the first fight.

https://investorsking.com/business-lessons-from-anthony-joshua-loss/

Wale Tinubu, CEO of Oando, paid himself over N500 million in salary last year to emerged the highest earning CEO of a public listed company in Nigeria.

https://investorsking.com/nigerias-highest-paid-ceos-in-2018/

Yet, the company continues to struggle.

In July, a London arbitration awarded $680 million against his companies, Ocean and Oil Development Partners Limited, which owns 55.96 percent of Oando - and another company own by himself and Omamofe Boyo, Whitmore Asset Management Limited.

AbbasJR:
Don't be surprised if this man gets into the top 20 richest people withing 5 years

20? I will say top 5

haryomikun:
Loool AJ will beat Tyson too? The same Tyson that beat men who were 6'6 tall?

If heights won fights Marciano, Liston, Tyson and Holyfield would never have been champions

Even AJ admitted Tyson would destroy him. AJ is bigger but can't move his head. [b]He'd be a Frank Bruno [/b]for Tyson

Then Tyson himself is lying, he said AJ will beat him. AJ started boxing because of people like Tyson, in fact, he used to emulate him. Hence, he will never admit he would beat him.

Frank Bruno was too respectful and scared in the ring, still, he almost put Tyson away and cause him all sort of trouble.

Again, you don't seem to understand how boxing works, there are weak champions due to available oppositions as at the time. During Marciano era he was fighting people of his size or poor skill level. Who could believe someone like Martins would ever be a World Champion given his skill set? But he was until AJ defeated him. In fact, Deontay was offered to face him, before AJ surprisingly he turned it down.

A question, why did you think all the tall heavy guy Tyson faced beat him? Buster Douglas (6.4), Evander Holyfield (6.3), Lewis (6.5), Danny Williams (6.3) and Kevin McBride (6.6)?

And Frank Bruno (6.3) could have done it as well, given the trouble he caused Tyson in the ring but everyone agreed he was too respectful (psychologically scared). However, his fight was the one that gave Tyson away and exposed his struggle against good bigger guys.

You see because Tyson was a perfect Cus d'amato experiment for modern day boxing with the right media to push his brand does not mean he was that good, any time he stepped up he failed. I am a hardcore boxing fan.

haryomikun:
AJ can't beat Holyfield

That MF was crazy good!

AJ will beat Holyfield easy, even Tyson faster, Lewis will be tough because of his height.

This is not from me, but them Tyson, Holyfield and Lewis admit they are very big and train with more sophisticated means now. Tyson is too short to survive this era, he said it himself. AJ is 6.6, Wilder 6.7 and Fury 6.9.

It is the same principle they used in projecting AJ victory against Klitschko at that early stage in his career. They knew WK used to bully people with size but with Anthony Joshua height and power, he stands no chance despite his skill level.

Was it a tough fight? Yes but did AJ win after just 18 fights ? Yes he did. A good big guy will always win a small good guy.

BOOOMNAIJA:
If he had invested the money he used in acquiring these cars, he could av been richer than Donald trump now.

Donald Trump even worked for him at some point in 1988.

Royals1st:
Only in nigeria follower on instangram is an achviment how does some people following u increase ur bank account nigerian are celebrate nonsense things

Its actually an achievement all over the world and determines how much your brand worth or will get paid for a sponsored post.

It also tells your brand reach, which advertisers use to evaluate possible product penetration.

Cristiano Ronaldo holds no 1 position in the world.

Kirinwa:
He has made the money, gotten the fame. If I were him, I would retire before these young bloods upcoming boxers wey dey use better rod gym knock off my teeth or collect one of the belts from me.

He is at the apex of his career, after apex , its all but decline. That's why some of these footballers retire when the ovation is loudest before you lose everything you worked hard for. Example Vincent Enyeama

You know nothing about boxing. He is just getting started and has at least 10 years to go. He will pick around 33, he is just 29 with mere 22 fights. He has not even cracked American market and will be fighting for the first time there on June 1st.

All you've seen is UK support, still small on a global scale. Once he cracked USA market, he will generate over $150 million on a single fight and on his way to dethroning Mayweather as money man. Experts already predicting he would be the first boxing billionaire.

Bizmagnet:
Good news to Nigeria. If our leaders can just embrace selflessness, our country will become the envy of other nations soonest.

I think they know what they doing in this regard, especially when you factor in CBN's interest rate reduction. The idea is to deepen economic growth amid rising global oil prices while simultaneously growing foreign reserves.

@Investorsking

Oil price rose on Tuesday to a six-month high after President Donald Trump announced he would end waivers that allowed countries to import crude oil from Iran without repercussions from the world’s largest economy.

The international oil benchmark, Brent crude, against which Nigeria’s crude is priced, rose by $2.28 to $74.53 a barrel during Asian trading session on Tuesday at 6:30 am Nigerian time. The highest level since October 2018.

A statement released from the White House on Monday said the waivers granted to eight countries would expire on May 2, after which those nations could face US sanctions if they continue to import Iranian crude oil.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the statement read.

The United States had granted exemptions to eight countries patronising Iran when it re-imposed sanctions on the embattled nation in 2018 after President Trump pulled the nation out of the landmark 2015 nuclear deal in May 2018.

China, India, Japan, South Korea, Turkey, Taiwan, Italy and Greece were granted waivers to moderate oil price amid a drop in global supplies.

Trump has now said Saudi Arabia and the rest of OPEC nations could “more than makeup” for any reduction in Iranian oil supplies.

The new development would bolster Nigeria’s foreign reserves and deepen economic growth as India, Nigeria’s largest importer of crude oil, could increase purchase.

Mr Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited, said, “Nigeria will benefit from the US decision to end the waivers but it is a short-term phenomenon. It is not sustainable. We will benefit from that but in the end, the economic diversification cannot be compromised.

“We need to pursue that aggressively because it is only a matter of time before the global demand for oil begins to drop below the supply and, therefore, the price will drop.”

According to him, India would buy more oil from Nigeria.

“India already buys a lot (from Nigeria); it is already buying almost 30 per cent of our crude. So, India is there for us,” Rewane added.

An energy expert, Mr Bala Zakka, said crude oil prices would surge on the back of the decision to end the waivers on Iran oil import.

“For Nigeria, generally, higher crude oil prices will mean higher revenue for the government,” he said.

Zakka, however, noted that Nigeria would also spend more to import petroleum products as the landing cost would rise.

https://investorsking.com/iran-sanctions-trump-pushes-oil-to-74-a-barrel/

Amakavula:
Trump was never broke. he got a little loan of $100mill from his Dad even before Tyson came knocking.

Calm down, he wasn't broke but wasn't commanding anything near Mike earnings in 1988. Tyson was earning over $30 million a Night and generated over $400 million altogether. Donald got $14 million to get started not $100 million and filed for bankruptcy about 2 years after working for Mike.

kayfra:
I saw a lot of holes in Israel's game tonight that worries me.
1. He's not using his reach advantage effectively like Jones cause Kevin kept tagging him. So he will have difficulty with anybody with decent footwork that knows how to quickly cover some distance. Whitaker fight will be interesting to watch.
2. He didn't release his full striking arsenal as often as I'd like. Kevin is one of the best, but that fight was mostly on the feet and for an ex Muay Thai fighter, it was highly competitive than it needed to be.
3. His take down defense tonight was great, but how does he handle a high caliber pressure wrestler in the mold of Weidman?
4. He took too many shots in the head, so his movement was pretty flat tonight. But i noticed that happened after Kevin dropped him in the first round. Everyone has a olan till you get punched in the face, according to Tyson. I don't see him surviving a 3rd Romero onslaught
5. His jujitsu looked sloppy when he tried that triangle. He better not get on the ground with someone like Jacare


Those are my top concerns based on this performance, but Israel learns quickly and keeps improving for someone that just started mma a few years ago.

I'll keep supporting. Now, he better shut up about fighting Jon Jones. Ofe ku niye

After watching Dana White post-fight interview, I will give him a pass for this fight. He was on vacation when they called him for this fight, he said he took it immediately. Conor will never do that, Dana White actually believe Isreal can be the next PPV star.

Unification is in the work for August, Isreal might just be next big thing in UFC.

Even White admitted this is the best UFC fight he has seen.

Kevin has been in training for this fight, Isreal replaced Whittaker.

He is one of the most skilled UFC fighters ever, it would be hard to beat him based on skill level. He dismantles wrestlers even faster, you won't touch him, he will break you from a distance.

This is a title fight, Gastelum is no joke.

Nigeria now has two world champion in UFC, press are already asking if UFC will stage a fight or do something in Africa soon.

Make we celebrate abeg.

NPComplete:
Finally. Someone that understands the game.

I think Dana knew he was gonna beat Silva though. Their fighting style is just similar and Silva is not much of a take-down threat.

It is very likely, Dana needs marketable names for UFC because of Conor erratic nature.

Again, he has been pushing Adesanya since then and now put him on ESPN PPV, the biggest sport channel. So its possible.

NPComplete:
Nobody said he'll get schooled against Silva. Isreal was the favorite going into that fight and Silva was the underdog. Go and check it again. Everyone knew he was gonna beat Silva.

It was 50-50 and Dana White picked that particular match up to either end Silva reign and launch Isreal to stardom or kill his hype.

Why did you think he was picked against Kelvin Gastelum for UFC first ESPN PPV (200 million subscribers)?

Dana White and the rest of the UFC team understand he is growing on people. In Fact, people are saying this fight against Kelvin Gastelum is the best PPV they've seen in a long time.

We knew Kelvin Gastelum can punch going into the fight, but Isreal was too careful, hence, allowing Gastelum to rock him and touch him up way too much given his height and reach.

However, his takedown defence was good tonight. He will need to do more against Rob if that fight ever happens.

Katie Taylor will beat Helen but she tried against Claressa Shields in Sparring.


https://www.youtube.com/watch?v=QoY1NsUt-Qk

@Investorsking

Operators in the nation's lottery and gaming industry kicked against government plans to automate the collection of Value Added Tax (VAT) from customers.

The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, made the announcement in Lagos at a stakeholders' meeting organised in conjunction with the National Lottery Regulatory Commission (NLRC).

According to the Chairman of the service, the automation would ease the stress associated with VAT payment and enable lottery players and bettors to pay VAT on each transaction made.

“What we are trying to introduce today is aimed at improving the transparency, accountability and convenience in the payment of any taxes. We are automating tax collection across various industries in the country,” he stated.

Mr Lanre Gbajabiamila, the Director-General, NLRC, said the importance of tax to the Nigerian economy cannot be over-emphasised, especially with the ongoing revenue challenges.

“In the gaming industry, products and services are generally offered through agents who are commonly in direct contact with the players. The consumption of the products and services are taxable under the law,” he said.

Operators in the industry, however, voiced their concerns over additional fee on lottery tickets and other gaming services, according to them it would hurt their businesses.

Mr Akin Alabi, the Founder of NairaBET, Mr Akin Alabi, who spoke on behalf of the industry, said the mode of charging would chase customers from local platforms to foreign companies.

He said, “There must be another mode of collecting VAT rather than from the top level, which is on every stake. Telling operators to pay from the stakes is almost impossible because what it means is that customers will leave our platforms. So, they will start looking for companies that are not regulated where they can place their bets; they will look for foreign companies. So, it is going to ruin our business.

“Presently, I have little to lose. I am in the process of divesting all my interests in NairaBET because I just won election to the House of Representatives. But I don’t want to leave the industry in a mess; that is why I am passionate about it.”

Alabi further stated that FIRS should have consulted operators before automating its collection and imposing VAT on customers.

Responding to operators, the FIRS boss, said, “Tax has to do with law and the law says that for every transaction that is VATable, five percent should be charged. You have to be aware that we are automating collection in all industries. This is not a tax on the business but on the bettors.

“If you carry out foreign bets and you go through your banks to make the payment, you will also be charged VAT.”

Fowler, while responding to questions from journalists, said, “If somebody comes to bet N100, it becomes N105. I can assure you that it will not make them change their minds.”

https://investorsking.com/nairabet-lottery-operators-kick-against-vat-automation/ OAM4J

blank:
They do and that's why i am wondering why they want to err on the side of illegality?

Maybe there is more to the whole case than meet the eye.

blank:
Regardless of whatever case they have with or against him, if the Supreme Court has ruled that an account should be garnisheed and they should pay, they had better pay up or be in contempt of the court ruling.

and you think a whole GTB don't know this much?

blank:
So if they have confirmed that the Garnishee order is legal, why have they not paid? Why are they dragging this out?

Because they have a pending case with Innoson.

Hence, the reason Innoson need to get his money because he knows what GTB is on about. Ask yourself, why will GTB be protecting Customs fund? This is a Tier I bank with a team of experts people. They have a serious case against him.

kernel001:
Please check the date. As at the time, the case was still in Supreme Court, yesterday they gave their verdict, why not check Sahara Reporters, simply.

Nawa for you o. This was released yesterday 29th after Innoson publication.

http://saharareporters.com/2019/03/29/gtb-vows-ensure-%E2%80%98no-illegal-or-fraudulent-execution%E2%80%99-carried-out-innoson

kernel001:
Show us the brief from GT Bank.

It is on another thread on the front page, but people only read what fits their narrative.

https://www.nairaland.com/5106924/gtbank-clears-air-innoson-takeover

IamJames:
That's to show you they're tribal bigot. I remembered the last time this case was up in which EFCC invaded his residence, threads upon threads were being created bashing Innoson, his wife and anything associated with him. None of the silly mods removed those threads. I now believe they enjoyed the bashing of Innoson.

Shame on all of them.

Because it is fake news sponsored by Innoson, and GTB has responded that they had no case in court with Innoson on Friday, that it was between Innoson and another company that has an account with GTB. Innoson is misleading people and this is not the first time.

blank:
GTbank can easily afford the money. Profit will reduce a bit but not so significant

A lot of Nigerians are uneducated about these things.

GTB total asset is N3.16 trillion, declared over N180 billion profit after TAX last year alone.

This is a dispute of N2.4 billion, even with the interest it is just N8.7 billion.

Innoson knows he can never win the case, hence the reason he is sponsoring fake news. The Friday case wasn't even between him and GTB but another company with an account with GTB. Yet, misled media and people that it was the same GTB case. Why if you are honest?

oge4real:
Do people actually borrow at such exorbitant rates.
Imagine taking out mortgage on rate for a 25 year term!
I’m no economist but I won’t advise anyone to borrow at any rate more than single digit.

No, they will even pay higher, between 25% to 30%. What you see here is benchmark rate. Lenders will add operating cost and service charge.

In fact, the improved borrowing cost of 13.5% is not realistic on a long-term as the CBN is merely taking advantage of slowing global growth and the surge in the risk associated with developed economies. Improved crude oil outlook, reducing inflation rate and uncertainties in developed economies are three reasons why the MPC lowered rate today, knowing no matter what, foreign investors will still embrace 13.5% as it is still higher than offerings from developed economies.

If you are still interested in knowing why the move, read the breakdown I did on it earlier today. https://investorsking.com/cbn-reduces-interest-rate-by-50bps/

This is a perfect rubbish.

.

.

Local sugar production increased as companies expand their local sugarcane plantations for more raw sugar.

According to the National Sugar Development Council (NSDC), sugar production increased from 14,918 metric tonnes (MT) in 2017 to 30,000MT in 2018. Representing a 101 per cent increase in production during the period.

While most sugar production companies still import raw sugar and refine locally, import decreased from $459.36 million in 2017 to $337.31 million in 2018.

Sugar consumption, however, dropped from 1.301 million MT to 1.246 million MT in 2018.

Masur Ahmed, president, Manufacturers Association of Nigeria (MAN), said: “There are a lot of improvements in the sugar value chain.”

Ahmed, who attended a press conference in Lagos last week, further said “Three companies are already developing significant sugarcanes as their raw material,” he added.

Experts attributed the improvement to Dangote Sugar, Flour Mills and BUA who are competing for market share.

They, however, said there is slow progress in the sugar value chain as some local companies have flouted the agreement signed with the government by importing more of the products, rather than investing in the local market as agreed.

“Certain companies have not been quite diligent in adhering to the rules,” said Sadiq Usman, head- corporate business development, Flour Mills.

“Also, documentation, planting issues, weak infrastructures and land rights are still big problems for us and these factors have continued to slow the pace of our development in boosting sugar production.”

Usman said Flour Mills is the second largest producer of sugar in Nigeria but lost 75 per cent of its plantation to floods in 2018.

“Last year, the floods wiped away a significant proportion of our sugarcane production. It affected close to 2,000 hectares of the 3,000 hectares we planted and now we are replanting again.”

https://investorsking.com/local-sugar-production-increases-by-101/

Nobody gave him a chance, even me thought Tyron Woodley will beat him. Really a good win.