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Travel › Re: Living In Canada/Life As A Canadian Immigrant by Truth234(m): 6:01pm On May 30, 2018

papaking1:
Thank you, I will look into it though I forgot to mention that I'm kind of scared of strong calculations like Maths. I try to avoid it whenever I can.

The course description sounds great and I will surely look it up to see if it's available here or online.

These are statistics and logic, not something you can't do. When I joined, under the old curriculum, there was a statistic course to bring you up to date. However, the curriculum was changed but I am sure there is provision for it in the improved curriculum. I am almost done with half of the program.

5 Likes

Travel › Re: Living In Canada/Life As A Canadian Immigrant by Truth234(m): 4:32pm On May 30, 2018

papaking1:
Hello house,
After 10 months in Winnipeg, I think it's high time I begin to plan for the future and leave this rat race. I have made up my mind to go into IT though I don't have IT background but I very good with computer and own a few blogs and ecommerce site I created myself.

I enrolled for python programming online but has been unable to give it enough attention. I need advise on where to start from.

A friend said I should take Itil certication and blend it with my management background. Another advised me to do A+.

I want to do something that I can easily get a nice job and also be able to start my own firm later in the future. I don't want to be an employee for long.

I really want to learn python language but I feel I need to have a more solid IT background before venturing into programming. Anybody in IT field here? Your advice is desperately needed please.

Since you have a background in management, you may want to look into a free online masters program in Financial Engineering. Python, R, etc are a huge part of the program and you will be taught how to program from scratch. The program focus on how to build trading algorithms for financial markets, data analytics, quant research, etc. If interested look up World Quant University, it is a 2-year program.

13 Likes 7 Shares

Business › Food, Beverage Sector Loses 11,000 Jobs, 12 Firms by Truth234(op): 5:59am On May 25, 2018

About 11,254 jobs have been lost in the food, beverage and tobacco sub-sector in the last four years, the Association of Food, Beverage and Tobacco Employees (AFBTE) President, Patrick Anegbe, has said.

He said about 13 companies had also closed shop, noting that the figure was expected to rise if the recently-approved rise in excise duty on tobacco and other local consumer goods comes into effect from June 4.

The breakdown of the job losses showed that 8,456 jobs were lost in the drinks (breweries, bottles and distillers), 2,683 jobs in the tobacco and 115 others within the period.

Specifically, with 28,059 employed by 29 companies in 2013, 17,453 workers were retained by 16 companies, while 13 companies closed shop or relocated to other countries.

At the association’s Annual General Meeting (AGM) in Lagos, Anegbe lamented that the manufacturing sector was yet to be impacted by the Ease of Doing Business policy.

Anegbe said: “It is obvious that the impact of absorbing the cost of the revised duty would be overwhelming on players in the industry. The development will no doubt reverse some of the growth recorded by the food, beverages and tobacco sub-sector.

He said in 2017, the sector improved by 8.62 per cent over 2016, recording a growth of 2.35 per cent, stating that the manufacturers are opposed to the increase and the timing, as most players were just recovering from the negative profitability and revenue contradiction.

He said taxes are withdrawals and the increase in excise duty will reduce margins and could prompt higher unemployment. We strongly hold the view that if the intention of the government is to grow the industries, imposing exorbitant duties on locally manufactured goods is a contradiction of that objective, he stated.

Anegbe expressed the association’s worry over the introduction of borehole taxes in Lagos and Ogun states, appealing to the Federal government to come to the rescue of manufacturers in the two states, by dissuading them from compelling manufacturers to pay for providing their own water through boreholes.

http://investorsking.com/food-beverage-sector-loses-11000-jobs-12-firms/

Business › l by Truth234(op): 7:33am On May 16, 2018*

Business › Crude Oil Prices Race To $80 by Truth234(op): 6:37am On May 15, 2018

Oil prices steadied below 3-1/2 year highs yesterday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production.

Brent crude was up 20 cents at 77.32 dollars a barrel by 1315 GMT and U.S. light crude rose 10 cents to 70.80 dollars.

Both oil futures contracts hit their highest since November 2014 last week at 78 dollars and 71.89 dollars a barrel, respectively as markets anticipated a sharp fall in Iranian crude supply once U.S. sanctions bite later this year.

It is unclear how hard U.S. sanctions will hit Iran’s oil industry.

A lot will depend on how other major oil consumers respond to Washington’s action against Tehran, which will take effect in November.

China, France, Russia, Britain, Germany and Iran all remain in the nuclear accord that placed controls on Iran’s nuclear programme and led to a relaxation of economic sanctions against Iran and companies doing business there.

The surge in oil prices comes at a time of tight supply amid record Asian demand and voluntary output restraint by the Organisation of the Petroleum Exporting Countries and non-OPEC producers, including Russia.

http://investorsking.com/crude-oil-prices-race-80/

3 Likes

Politics › Re: Fantastic Array Of News About Nigeria's Economy by Truth234(m): 8:19am On May 13, 2018*

The government has nothing to do with the surge in global oil prices, thanks to OPEC production cap and Donald Trump decision to pull out of Iran nuclear deal. The question is what will happen once the rest of the signatories reach a positive compromise?

On Fx intervention, the CBN has spent about $3.3 billion on FX in the Q1 of 2018 alone. Note, this is not a negative thing, the more we generate due to surge in foreign revenue, the more liquidity we have to cushion the economy. But lets be honest, especially we the youth.

Again, the big reserve has nothing to do with this administration, crude oil is at a 4-year high. Its normal for the foreign reserve to pick up, however, kudos for not sharing it as usual.

On the issue of retail sales and business confidence, with the unemployment rate at 18.8 percent, up from 14.2 percent it is hard to believe retail sales are up, especially knowing sales volume (consumer spending) is directly proportional to earnings and job creation.

Again, I don't see how cost of borrowing would have adjusted without the CBN adjusting its monetary stance, 14 percent rate.
Despite inflation moderating, consumer spending remaining low, meaning either people are not earning enough due to high unemployment rate or wage growth is non-existing.

A lot of people are complaining that the high tax revenue is due to the introduction of numerous fees that is eroding business profits. On the issue of capital projects, rice mill, rail projects etc I am finding it hard to believe all these even exists, I mean who are the people working on this projects with our unemployment rate jumping almost 36% between January 2017 to September 2017.

Finally, while the foreign reserve is impressive, we need people's lives to reflect it, especially with the surge in capital importation, CBN and monetary policy committee should adjust interest rates to better deepen growth by encouraging local participants. Consistent job creation across all sectors will help reduce most of our challenges, look at the manufacturing sector growing for the last 13 months, yet more than half of the subsectors usually surveyed are not creating jobs. So where is the growth? We need a broad-based growth, emerging economies like ours should be growing at an average of 4.5 percent a year.

1 Like 1 Share

Business › Re: Why Dangote Closed His Tomato Factory And Lessons You Can Learn From It by Truth234(m): 6:56pm On May 12, 2018*

Solstar:
I love the way you ended it. It is not a spiritual attack, it is a religious attack.

Nigerians spend all their time fasting and praying and forget to get creative, then they run around to find fast money in order to buy imported food, cream, phone and wrist-watches so they dont have to waste time being creative when they should be worshipping God. Now churches run 5 services on Sundays, and a midweek service on wednesdays, not forgetting tarry nights and vigils.

The mohammedans are not left out, they pray a fuccking 5 times a day, and are constantly checking their time to make sure they dont miss a date with Allahu, what remains of their time is spent separating quarrels between their 4 wives, the rest is spent reminding the kids of the need to go to the Alfas and Imams for tutelages.

So, what time do we have to plant tomatoes or engineer apples that can grow on our climate.

We are not poor because we are religious, we are poor as a country because we have found an excuse in God.

Yet money does not grow on trees. Dangote should have known better. He has been making serious business mistakes of late, one of which is building $18B Refinery when electric cars and solar panels are the future. I really question the true source of his wealth. How are his projects finance ? From which sources ? He pays back loans at the speed of light, well, almost. Just to create impression of 'source' ? It could be these politicians just financing him till his retirement and eventual demise. It could just be a ponzi that takes money from early mules and paying the new politicians. I envy the man, I truly do, but if I have access to such money, then I should be able to buy up Nigeria and put everyone on a universal basic income from what I can do with that money.

As it is with the tomato factories, so will it be with the refineries in the next 20 yrs. This is the new world order.

People like you never ceased to amaze me, imagine you based your conclusion of Dangote's innovation on beer parlour discussions. One, the project is not $18 billion but estimated at $14 billion. Two, Dangote is building one of the biggest industrial sites in the world-- fertilizer plant, petrochemical plant, and refinery.

The petrochemical plant alone can produce 1.3 million metric tonnes of petrochemical products per year. The gas plant has the capacity to produce 3 million cubic metres of gas per annum and generate 12,000 mw of power, thrice what Nigeria is generating presently.

While the fertilizer plant will produce 2.8 million metric tonnes of assorted fertilizer. The refinery will produce 640,000 bpd of refined petroleum products. This project will create more than 200,000 jobs and deepen national growth. To give you an idea of how much this man will generate in revenue per annum, Nigeria is currently spending about N2.6 trillion on the importation of refined petroleum products per year, now add Ghana and other African countries that he will be exporting his product to. Now do 10 years financial projection, he would have made his investment capital for the whole project on just petroleum products even before western nations fully adopt electric car, talkless of African nations.

On Tomato factory, Dangote said with low dollar liquidity it is hard to source for forex to import raw materials needed to meet demand, hence, his resolve to follow his usual path, take over the entire industry by building all the value chain and logistic channels (raw materials, manufacturing, and supply chain).

Dangote is one of the world's most creative entrepreneurs, and for the record, his business strategies are being studied across the world. I just hope Nigerian youths will pay attention, learn and follow his blueprint. ITbomb, SOFTENGR, Afam4eva, Rainmania, CharlesJok3r, obembet, Olatara, Bishopsgate, ElFabchuks, lekkan, LegDoLand, abdullkabar, Pharaoh9, LordKO, Elegant154

7 Likes 4 Shares

Business › Re: Online Business Is An Illusion - There's No Business On The Internet by Truth234(m): 6:02pm On May 11, 2018

Okay

Foreign Affairs › Re: Trump To Meet Kim Jong Un In Singapore by Truth234(op): 12:31pm On May 11, 2018

Save the date, Trump will be meeting Kin on June 12. The first ever meeting between a sitting US president and the leader of North Korea.

Foreign Affairs › Trump To Meet Kim Jong Un In Singapore by Truth234(op): 12:27pm On May 11, 2018

President Trump announced he will be meeting North Korean president, King Jong Un in Singapore in June.

The summit scheduled for 12th of June is expected to ease the tension between the two nations following series of nuclear threats and sanctions that threatens the economic stability of isolated North Korea.

"The highly anticipated meeting between Kim Jong Un and myself will take place in Singapore on June 12th," Trump tweeted. "We will both try to make it a very special moment for World Peace!"

The meeting will be the first-ever meeting between a North Korean leader and sitting US president.

The announcement came a day after three American prisoners were released during US Secretary of State, Mike Pompeo's, most recent visit to Pyongyang.

Welcoming the prisoners, president Trump said "We are starting off on a new footing -- I really think we have a very good chance of doing something very meaningful. A lot of very good things have happened."

"I really think he wants to do something and bring the country into the real world," he added of Kim. "It's never been taken this far, there has never been a relationship like this. I really think a lot of progress has been made."

However, experts still doubt the possibility of the two nations reaching a deal on 12th of June but agreed might be the beginning of a peaceful relationship. In the picture, president Trump welcomes the three prisoners.

http://investorsking.com/trump-meet-kim-jong-un-singapore/ OAM4J, Mynd44

Foreign Affairs › Re: 92-Year-Old Mahathir Mohamad Wins Malaysia Presidential Election by Truth234(m): 10:26am On May 11, 2018

TonyeBarcanista:
Absolutely!

Coalition reeks desperation and most times they end up worse due to divergence of ideologies and beliefs.

The country wanted anything but the then prime minister, unfortunately, they brought a man that was terrible during his 20+ years period as PM as his replacement. How humans reason baffles me...

He used them to settle political scores. He wanted to force his one time protege, najib razak, out of office because according to him 'he wasn't listening to him'. Merged with opposition to defeat his own party and now he will be handing over to inexperience, divided coalition party after 2 years.

His pride, 'I beat him even at 92.'

Foreign Affairs › Re: 92-Year-Old Mahathir Mohamad Wins Malaysia Presidential Election by Truth234(m): 9:59am On May 11, 2018

mansakhalifa:
That of Germany in particlar took really long. I kept on hearing ridiculous coalitions like Congolese coalition and Jamaican coalition. Strange

They had better work hard to make their coalition work or else,the BN might just be playing opposition for only a short while.

Politics is very dynamic. It is the reason APC will never be a UNIT, too many parties that came together to form a coalition party. Look at their primaries? Fighting in Ekiti, Ngige attacked in Anambra? Saraki go against the party to be senate president, national chairman still not decided. Yet, national election is fast approaching.

Mahathir has done well, I won't be surprised if he didn't beat his own standard.

Foreign Affairs › Re: 92-Year-Old Mahathir Mohamad Wins Malaysia Presidential Election by Truth234(m): 9:50am On May 11, 2018

chat2deen:
he was the prime minister from 1981 to 2003, he was responsible for the economic growth of Malaysia. he came back to clean up the mess najib put the country into, so many corruption scandals like d famous 1DMB scandals and precious government were dividing the country into racism. malaysian knew his worth that's why the vote him back but the idea is to bring out Anwar Ibrahim his former deputy from prison and make him PM because he was falsely accused of sodomy, the present Deputy of PM is Dr wan azizah the wife jailed Anwar Ibrahim. it was just operation rescue Malaysia from cabal hope Nigerians can learn and vote for the right person to lead us.

Politics is dynamic, he won't have the same effect in this era. He did well, grew the economy at an average rate of 8 percent between 1991 and 1995 and helped Malaysia avoid Asian financial crisis by curbing banks' debt exposure. The difference now is the fact that he won with a coalition party, all the parties have different approaches/policies. Again, Barisan Nasional is still the largest single party with most seats, 79. And that was the reason Mahathir couldn't be sworn in until late in the night after the king intervened. Like the queen did for Theresa May when she failed to win the majority seat by 13.

Challenges going forward, the division and inability to reach a compromise among all the parties that made up the Alliance of Hope due to diverse ideology will hurt government policies and the very reason he came out of retirement. Don't forget BN still has 79 seats out of the 222 seats and likely to merge with Pas, 18 seats. Its not going to be easy this time but fingers crossed

Foreign Affairs › Re: 92-Year-Old Mahathir Mohamad Wins Malaysia Presidential Election by Truth234(m): 9:29am On May 11, 2018

TonyeBarcanista:
He has already been sworn in, but I think Malaysians will regret his choice as PM.

They will, they have already started. He formed an Alliance of Hope, comprises of parties to defeat Barisan Nasional, a party he founded. After Pakatan Harapan/Alliance of Hope won, they couldn't reach agreement because of too many parties with different government policies. Yet, BN that ruled for 60 years has 79 seats, making BN the single majority party in the parliament. The reason Mahathir couldn't be sworn in until 9:30 PM on Thursday after the king intervened.

This is exactly what is happening in U.K. ahead of Brexit, Germany, etc. Coalition parties always have issues due to diverse governance policies. With a 92-year old anti-immigrant Prime Minister in a racially diverse nation. It could get worst.

Just like we are experiencing with APC right now.

Foreign Affairs › Re: 92-Year-Old Mahathir Mohamad Wins Malaysia Presidential Election by Truth234(m): 9:21am On May 11, 2018

mynd44 is the information here better than https://www.nairaland.com/4496511/malaysias-opposition-wins-after-60

or is it because it is CNN?

Foreign Affairs › Malaysia’s Opposition Wins After 60 Years by Truth234(op): 9:38am On May 10, 2018

A coalition party led by the former Prime Minister Mahathir Mohamad won majority seats in a shocking victory that puts an end to the ruling party, Barisan Nasional’s, 60 years in power.

The Pakatan Harapan led by 92 years old Mahathir won 113 seats of the 222 member parliament to emerge a clear winner following the failure of Prime Minister Najib Razak’s Barisan Nasional coalition party to convince Malaysian people of his commitment to the people following a series of corruption and scandal that plunged the economy and led to the introduction of Goods and Services Tax (GST).

Mahathir, who formed a coalition party with other concerned parties, is expected to be sworn in as Malaysia’s Prime Minister on Thursday, making him the world’s oldest prime minister.

The former Prime Minister who came out of retirement and immediately aligned with opposition to take on his one-time protégé, Najib Razak, beset by corruption allegations said his coalition would restore the rule of law and make Malaysia work for everyone.

Mahathir was Malaysian Prime Minister under Barisan Nasional between 1981 and 2003 when he stepped down. During his 22 years of leadership, Malaysia became one of the fastest growing economies in Asia, growing at the rate of 8.7 percent between 1991-1995. Inflation rate improved to 3.8 percent while foreign debt was contained at $45.2 billion.

Mahathir and his government restricted foreign borrowing, therefore, his administration was able to curb excessive borrowing in the banking sector and avoid banking collapse that hits most nations in the region during Asian financial crisis.

http://investorsking.com/malaysias-opposition-wins-after-60-years/ mynd44

Business › Re: Iran Nuclear Deal: Oil Prices Climb Above $76 by Truth234(op): 8:13am On May 09, 2018

Afamed:
May God bless you. Most of kids on Nairaland here don't know Trump sees everything from political angles rather than economic side of it. I wouldn't be surprised if by tomorrow, Trump rescinds his own decisions just as he did in TPP.

And against the North Korea after threatening Kim with a bigger nuclear button.

Business › Iran Nuclear Deal: Oil Prices Climb Above $76 by Truth234(op): 7:04am On May 09, 2018*

The decision of President Donald Trump to officially pulled out of the 2015 Iranian deal signed by the then U.S. president, Barack Obama and global powers bolstered crude oil prices during Asian trading session.

The Brent crude oil, against which Nigeria’s crude oil is priced, rose above the $76 a barrel as at 2 am Nigerian time to a four-year high of $76.71 a barrel.

The U.S. West Texas Intermediate surged by 1.4 percent to $70.7, also its highest in four years.

U.S. President Donald Trump had on Tuesday announced in a much-awaited speech that he will withdraw the US from the nuclear agreement with Iran, calling it ‘decaying and rotten.’ The president said he would reimpose economic sanctions that were waived when the deal was signed in 2015. Putting the nation against its European allies, whose leaders had tried to convince the President on the significance of the deal.

In response, Iran’s President Hassan Rouhani said: “The US has announced that it doesn’t respect its commitments.” Once again highlighting the danger of the pullout on the proposed North Korean meeting between the U.S. and the isolated nation.

According to former President Barack Obama in a Facebook post, “Walking away from the Joint Comprehensive Plan of Action (JCPOA) turns our back on America’s closest allies, and an agreement that our country’s leading diplomats, scientists, and intelligence professionals negotiated.

“At a time when we are all rooting for diplomacy with North Korea to succeed, walking away from the JCPOA risks losing a deal that accomplishes – with Iran – the very outcome that we are pursuing with the North Koreans,” he said.

Antonio Guterres, United Nations secretary general said the announcement ‘deeply concerned’ and called on the other nations involved in the deal to abide by their commitments.

U.S. key allies in Europe, U.K., Germany, and France said they ‘regret’ U.S decision but look to make the deal work regardless.

In not so surprising fashion, Israel’s Prime Minister Benjamin Netanyahu loud his support for Mr Trump’s “bold” withdrawal from a “disastrous” agreement.

While Iran’s middle East rival, Saudi Arabia, says it “supports and welcomes” Mr Trump’s moves towards pulling out of the deal.

Experts believed the deal may further hurt global oil supplies and boost oil price towards the $80 a barrel resistance level.

But volatility is expected across the oil market as allies look to fashion out a way to abide by their agreements with Iran while at the same time maintaining their U.S relationships. Market uncertainty is expected to remain high ahead of a possible meeting between the U.S. and North Korea and the review of the U.S – China trade discussions of May 5th.

"The continuous rise in global oil prices will boost Nigeria’s foreign revenue ahead of the national election and deepen economic activities across key sectors," Samed Olukoya, a foreign exchange research analyst at Investors King Ltd. "The inflation rate is projected to moderate further, however, new job creation remained weak with the unemployment rate at 18.8 percent."

http://investorsking.com/iran-nuclear-deal-oil-prices-climb-76/ mynd44

Foreign Affairs › Re: Vladimir Putin Sworn In For 4th Term, Rides In New Russian-Made Limo by Truth234(m): 10:52am On May 08, 2018

BrightNonso2:
what about German Chancellor in her 4th tenure too and US ALLIED SAUDI mornachy RUling FOR EVER U HAVE BEEN BRAINWASHED BY WESTERN PRESTITUTE. Any one DAT is a threat to their evil blood craving hegemony they demonize him SO DAT MUMUS LIK U WILL THINK HIM EVIL. PUTIN IS NOT D FIRST EVEN GADAFI 4 DARING TO CUT OUT DOLAR BUT SAUDI MORNACHY POUNDING THE YEMEN TO EARLY GRAVE IS AN ANGEL.GIRL USE UR BRAIN.TRY ALTERNATE MEDIA TO HEAR D REAL NEWS

Angela Merkel barely won and had to form a coalition government with SPD, despite she is seen as the leader of the world after Obama without protests. Yet, Putin with numerous protests and thousands of Russian living on asylum across the world won with a landslide of 76.7 percent. Then why the massive protest? Saudi, U.K. etc practice different system of government.

Foreign Affairs › Re: Vladimir Putin Sworn In For 4th Term, Rides In New Russian-Made Limo by Truth234(m): 10:27am On May 08, 2018

mhisbliss:
My point exactly and a guy just claimed people are standing up to him, i have no idea who all the people you mentioned are but i know that Putin must be a dictator to have four terms consecutively without any form of opposition, i don't think he achieved that feat because he's loved by everyone

He has his team just like every other gov cabal but not everyone loves him. There were protests across Russia before and after the election, over 1600 people including opposition leader Alexei Navalny were jailed. He was released a day ago to appease the opposition, he is a dictator and because Russia is run like a big occult group, everything is strictly monitored and presented to the world in certain light with foot soldiers commenting across social media.

4 Likes 1 Share

Foreign Affairs › Re: Vladimir Putin Sworn In For 4th Term, Rides In New Russian-Made Limo by Truth234(m): 9:58am On May 08, 2018

mhisbliss:
Fourth term and no one dared to complain, not even a squirm

He has successfully forced Russian talents to seek asylum overseas, assassinated the few who dare confront him. Boris Nemtsov, Boris Berezovsky, Stanislav Markelov and Anastasia Baburova are some of his victims.

Lets hope Mikhail Khodorkovsky will stay alive enough in German to lead the next generation to a more credible election.

2 Likes

Business › Oil Price Hits Four-year High At $76 by Truth234(op): 5:10am On May 08, 2018

Reduced global supply— combined with the solid global economy—have helped push oil prices higher since they fell below $30 a barrel in early 2016.

The rising tide has lifted the price of the international benchmark, Brent crude, above $76.

Benchmark prices for American crude oil cracked $70 a barrel yesterday, the first time they have climbed that high since 2014. This is coming as investors see the prospect of President Trump pulling the United States (U.S) out of an international agreement that eased sanctions on Iran in exchange for restrictions on its nuclear programme.

In recent months, oil prices have risen to levels not seen in about four years, reflecting a steady, albeit volatile, ascent to a fresh peak, after a global glut of crude sent energy markets into a tailspin in 2014. The recent rally comes amid the possible reinstatement of sanctions on Iran; however, a number of factors have fueled U.S. benchmark oil’s march to a perch above $70 a barrel.

The Organisation of the Petroleum Exporting Countries (OPECs’) efforts since the start of last year to curb global production have had the biggest influence on crude values, along with growing demand for oil and Venezuela’s output woes.

In yesterday’s trading, West Texas Intermediate crude for June delivery CLM8, +1.43 per cent was up 81 cents, or 1.2 per cent, at $70.53 a barrel on the New York Mercantile Exchange, after tapping a high of $70.76. Prices, based on the front-month contracts, haven’t reached or settled at levels this high since late November 2014.

Four key reasons for the rally in oil prices include the OPEC-non-OPEC crude-oil production curbs.

“The number one reason is the OPEC/non-OPEC accord led by the Saudis and Russians to limit production and lower the exceptionally-high petroleum stocks at the time of the agreement,” said James Williams, energy economist at WTRG Economics

Under the deal, which was implemented at the start of last year and runs through the end of this year, OPEC and other major oil producers, including Russia, agreed to cut crude production by roughly 1.8 million barrels a day from late 2016 levels in an effort to eliminate a longstanding glut of global supplies.

http://investorsking.com/oil-price-hits-four-year-high-76/

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Truth234(m): 2:45pm On May 07, 2018

Record Bond Bonanza Awaits Nigeria as Firms Flock to Raise Debt

Nigeria’s securities regulator is preparing for record bond issuance from companies seeking to benefit from lower interest rates and an economy on the mend.

The bond bonanza comes as Africa’s biggest oil producer recovers from a 2016 contraction, with the International Monetary Fund predicting an expansion of 2.1 percent this year. It will also mark a turnaround from last year when corporate bond sales tumbled to a four-year low as the government ramped up borrowing to fund its spending plans. That flooded the market, drove up borrowing costs, deterred businesses and curbed demand for riskier debt.

http://investorsking.com/record-bond-bonanza-awaits-nigeria-firms-flock-raise-debt/

Business › Re: N720bn Currency Swap Deal Attracts Nigerian Banks To China by Truth234(m): 9:03am On May 07, 2018

kolawoleibukun:
the real beneficiary to this deal is China. instead of Nigerian government to look inward and see how it can shake up its manufacturing and production of locally made goods they are swapping currencies for Nigeria to become the largest dump sites of adulterated goods. china is not a credible market for Nigeria. Chinese make fake goods and fakes drugs for Nigeria. why cant we aim higher than the toilet? is it wrong to swap currency with Japan? How about Germany or Australia? we have the oil for crying out loud. Why can't we do business with big giants like the US? Buhari recently went to the US but for what?

I understand your concern but I will ask you one question, why is China the largest US trade partner? Why not the countries you mentioned? Also, your iPhones and other top US products are produced in China, US government put in place good quality control measures, Nigeria can do the same. U.K. Prime Minister, Theresa May, just led a team of experts to China to sign 9 billion pounds deal. Please, why do you think that is and not with its greatest ally, U.S.? Bro the world is changing.

China is making billions from Nigeria and they need us. we are begging china for what? we are part of the reasons why the Chinese can tussle with the US. the US imposed a recent tax increase on Chinese goods. they know that they have other markets to sell fake stuff and make higher profit that is why they are feeling high.

I don't understand your point here, are you defending US legacy or you are concern about Nigeria's economic growth and future?. By the way, the U.S increase taxes on imported Steel and Aluminium from most nations, not just China. The European Union was exempted last week till 1st of June. Its a strategy to cut trade deficit between US and other nations, however, because China is the U.S. largest trading partner hence the reason people think it will affect China the most but for people like us we know that is a lie, China only exports 6 percent of its steel and aluminium to US. But can make Donald Trump lose next election by increasing export taxes on Soybeans and other agric products mainly import by his red states. The very reason China was able to force US to the negotiation table this last Saturday. Nigeria can get to that point by broaden our economic reach through a deal like this.

warri steel, ajaokuta steel why cant we harness what we have? look at all our ports are closing. warri port is a bay of fleas, port harcourt is being salvaged by the oil vessels leaving the bay. why cant we open up these areas. by now easterner and southerners should not risk their lives on the roads with loads. our waterway should be functioning. why can't the igbos drop their goods on a boat and ship it to the east. why do they have to encounter thieves and robbers and also criminal law enforcement officers on the road?
if these goods came into the country by water, why cant they be moved into boats and shipped down? why do easterners have to travel down to lagos to board an international flight when the traffic in our airports is from the east? why not make life easy for people?

You can't harness anything without money, Nigeria does not have the capital to broadly push those capital project hence the reason to make the economy conducive for investors by allowing multiple exchange system. All the roads opening won't amount to anything as it will rot with no patronage except local SMEs, no major corporations will travel to those remote regions without good security measures and assurance of better business environment. All these have nothing to do with the currency swap deal, however, the deal could facilitate better trade movement as most of our brothers from that region are business-oriented individuals that can merge with foreign investors to deepen economic activities in their region.

kano airport is an eyesore. is not an airport is an air strip. dirty and dilapidated. and yet we have big names from that state. why is the railway not functioning? why should the hausa man carry loads in gwongoro from lagos to kaduna? why should southerners and westerners carry yam and agricultural products in gwongoro from the north? why cant we have trains?

the government knows what to do but they just being wicked.

look at the things going on in this country and many people are silent. anyone silent over evil is an accomplice of evil. look at how all our Nollywood stars came out to voice their support for bbnaija. so they know about bbnaija and people die in benue and none of them came out.

the only person deserving or respect in Nollywood are Stella Damascus, God bless that lady. Stella, Gordons and Ali baba. The rest of them are selfish cowards. devools who care less about the evil in our country. is it wrong for AGN president to summon celebrities to use their platforms to campaign for a better Nigeria? after we don fight and dyie finish dem go come out and day smile fake smiles with their dirty bodies.

see yesterday for headies all the girls dress up like Hollywood celebrities but they cannot maintain their bodies to look like Hollywood celebrities. carry fat full everywhere. she as Tiwa dress like cheap tramp.

there is no electricity in our country. this is the deal that Nigeria should swap with china. not currency. let the Chinese come and build our electricity like the americans built the panama canal. let them manage it for 100 years for all I care but let there be light in Nigeria. ah ah God create the full world and said let there be light. why is there no light in Nigeria?

and we are celebrating all these people. speak the truth. these people do not care about us. show no love to a heartless man. people are dying people are suffering and no one cares. we keep acting selfishly until we become victims or our family members begin to gt victimized. they are killing us and no one is coming out.

what sort of deal is this? all the fake Gucci, fake fones and fake products all come from china. china is not credible at all. we have the money why not buy from the US or Germany? the president's cars did not come from china. if they want to swap with chinea let us start from the presidency. let him use Chinese fones, drive Chinese cars and let the Chinese build his house. they are populating our country with trash. we do not need china. china needs us. we are a target for china.

Dora Akunyili went to china to plead with the government to stop selling fake medicine to Nigeria. she went that far. china is too populated they do not care about humans. if you have ever been to china you will see that what they sell to you is not what they use. they cannot never use what they give you. is that a country to partner with? let us develop ourselves. Nigerians are all running out. nothing works at all. a bunch of mediocrity remains to destroy the country. it hurts really bad to see people suffer for nothing. people die from buying fake drugs.

All the above have nothing to do with the deal except poor governance, US and the rest of the world like Europe, Australia, Japan, New Zealand, etc have China as their largest trading partner in numerous products, how are they regulating imports?

1 Like

Business › Re: N720bn Currency Swap Deal Attracts Nigerian Banks To China by Truth234(m): 8:20am On May 07, 2018

Good move, it will further ease Naira pressure and reduce dollar domination, while at the same time easing business transactions and encouraging more investors from the world's second-largest economy, China and the rest of Asia-Pacific.

In days to come, I will expect the Naira to strengthen and business optimism to surge as investors look to capitalize on the opportunity, especially now that global crude oil prices are trading above the $70 a barrel price level.

Also, this will strengthen diversification plan and deepen economic activities across sectors like manufacturing, Agric, services, etc that contribute the most to the economy, yet receive the lowest attention due to commercial banks attitude towards these sectors. Access to forex without the usual dollar constrain will aid business growth and increase new job creation.

However, a strong quality control team is needed to vet imports for safety reasons and communicate 'quality standard' demand from importers as at when due to avert a potential calamity.

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Politics › Re: May 1st: A Date With Senator Ahmed Makarfi In Kaduna by Truth234(m): 2:55pm On May 05, 2018*

TonyeBarcanista:
@Emboldened that is why I said he's clueless. Activism is about standing for just cause, leadership is beyond just speaking or blabbing. Sowore may be an activist, he's also a blackmailer.

The youths can't support any clueless man because he's young, hence, we wouldn't be different from those voting on the basis of tribe, religion, social class and any other division. We can't have a Yahaya Bello again pls

The youth won't be supporting him because he is young but because in the last three decades, he has proven to be a viable threat to the cabal that has consistently siphoned our collective resources and deprived the Nigerian youths a better life.

Nigeria needs a complete overhaul, that is where Sowore comes in. Win or lose he would have disrupted the political landscape and send a strong signal to the power that be that no group of people will hold Nigeria to ransom again. We need a strategy to disrupt the current political structure or else we will continue to recycle the same old men. Making us nothing but tools.

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Politics › Re: May 1st: A Date With Senator Ahmed Makarfi In Kaduna by Truth234(m): 2:34pm On May 05, 2018

TonyeBarcanista:
Sowore is a professional blackmailer and a bitter person, he's also clueless on the needs of Nigeria and his plans... Listen to him talk gibberish... Irrespective, he's a blackmailer, we don't want another Yahaya Bello.

Others are inexperienced with all sincerity. Office of the President is different from being an admin on WhatsApp or Facebook page, it requires maturity and level of experience. Nobody employs a JJC as a company's CEO...

Meanwhile, most of them are academical and not practical in their approach.

Makarfi will work with young people (as usual)

Sowore is an activist of almost 30 years, therefore, he is not clueless but I don't think he understands the complexity of government bureaucracy in an economy as big as Nigeria.

I have listened to a lot of his speech, good for motivation but lacking the fundamental of governance. However, I still think the youths should support him against this old men to pressure them across all levels.

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Politics › Re: May 1st: A Date With Senator Ahmed Makarfi In Kaduna by Truth234(m): 1:49pm On May 05, 2018

Good work @TonyeBarcanista

But what do you think about Sowore and the other youths campaigning for presidency?

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Business › Re: Tesla Loses Big After Elon Calls An Analyst's Questions 'Boring And Bonehead" by Truth234(m): 9:37am On May 05, 2018

Ibime:
Success eventually would be judged on turning a profit rather than attracting capital. That's what the other car companies are doing. Tesla is 15 years old. At which point should one expect them to turn a profit? Teslas can quite easily be disrupted, so I'm struggling to see the long-term value without the numbers to show for it.

This is my last response, I agreed you have not been following. Tesla reported better than expected results for the first quarter, hence, the post earning call that led to all this. It was better than all analysts' projection, yet the reporter didn't ask about it, the reason people like yourself and others didn't even know the company exceeded expectation in the first quarter despite numerous challenges. Tesla is a potential profit-making company, there are orders--more than 500,000, but the company production level is too low to meet the demand it created or why do you think there is such demand in the first place? Quality is second to none.

3 Likes 1 Share

Business › Re: Tesla Loses Big After Elon Calls An Analyst's Questions 'Boring And Bonehead" by Truth234(m): 8:55am On May 05, 2018

Ibime:
You're right. I no dey follow market these days but I vaguely recall reading it somewhere which must be wrong. Anyway the fact that Tesla market cap was higher than Ford, GM, BMW and co means something is not right. This is technology that these other companies would easily disrupt.

So because an innovative company is successful means something is not right? Again, Tesla is not your typical car company, the company is into a lot of things and the first in most of those, hence, the quick rise in its value. Also, Telsa is not bigger than BMW in Market Cap.

Tesla is not just about technology, Tesla is about innovation.

2 Likes

Business › Re: Tesla Loses Big After Elon Calls An Analyst's Questions 'Boring And Bonehead" by Truth234(m): 8:37am On May 05, 2018

Ibime:
The pertinent question is how Tesla became the 6th most valued company in the world by selling less than 100,000 cars per year, while Toyota which sells 10 million cars per year is valued at $190bln only.

Teslas valuation is built on fluff and speculation and they are burning through investor money much like UBER. Elon better sit up and be serious about these pertinent questions.

Haba, guy as at close of business on Friday, Tesla market capitalization is $52.86 billion. It is a public traded company.

Business › Re: Tesla Loses Big After Elon Calls An Analyst's Questions 'Boring And Bonehead" by Truth234(m): 8:12am On May 05, 2018

Jarus:
The atitude of the key decision maker is big deal to an investor.

I watched the interview live, he said sorry we have to go to youtube, these questions are killing me. Elon Musk is not your typical CEO and always struggle with words. Again, he thought Tesla better than expected statement would be enough to justify the company action but the reporter was bent on knowing why the company is still behind on production and pushing to know if they are going back to WallStreet for investment.

Again, the stock merely reacted to market noise following the report (typical retail investors reaction), no long-term investor is selling Tesla's stock and it has since rebounded to $294 a share.

Tesla issue is inability to meet demand it created. More than 500,000 orders, yet production is slow. However, the company exceeded expectation in the first quarter, which is key and Elon is that one person you don't wanna bet against.

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