₦airaland Forum

mikeapollo:
Since it landed ''safely'', don't let it ''jam accident'' inside your account oooo.
Keep or use am well.

Hmm! For this Tinubu economy? You sef know say e don jam Olumo rock already.

mikeapollo:
Since it landed ''safely'', don't let it ''jam accident'' inside your account oooo.
Keep or use am well.

For this Tinubu economy? You sef know say e don jam rock already.

MTN dividend safety landed this morning. At least this one will go a long way towards consoling us for the reddish market.

Peterichy will not show us how he is running out of Oando at a serious head cut now like me.

mikeapollo:
I don't think its fair to bring the president into this.
Everyone knows I am not a fan of the performance of the president in office. But let's be fair and objective even when we disagree.
You can criticize and condemn Oando's management, including Wale, but I think the issue with Oando predates the president.
Some investors would tell you they have been having issues with the company since 2014, when the president was nowhere near Oando.

This is just an honest, unbiased opinion of a staunch, unrepentant, yet objective critic of the performance of the president in office.

You didn't understand my statement, what I mean is that everything about people from that family doesn't go straight forward, always shady.
Are you saying that Oando has another problem that is bigger than Wale being the chairman of the company? Can't you notice a deliberate pattern to ensure that shareholders are short-changed?

mikeapollo:
What has been happening in NGX recently is teaching me that patience and long term focus is key when investing in some key critical sectors:
FBN has grown from N4 to N130+
WAPCO from N10 to N360+
Ikeja Hotels from 0.70k to N45+
RT Briscoe from .60K to N12+
May & Baker from N4 to N40+
Wema from 0.5 to N28+ etc
BCC (later Dangote) Cement fromN4 to N1K+

The lesson: buy into a company you know and understand the prospects, especially those in critical, strategic sectors with very few competitors and high barriers to entry e.g. cement, brewery, telecoms, oil and gas.
Long term focus in this sectors usually pay investors

What if you buy into Oando thinking it is an oil exploration company?
Not knowing it is a type that her financials goes south when crude prices are going north?

GeeKudi:
He wanted to delist, y'all said no. Now, frustration will make everyone willingly surrender their holdings.

I think you are right, the rate at which they are packing the dip is alarming. I am selling mine at 20% loss and they buying more as it is dipping further.
If Oando is getting worse when crude prices are getting better what will happen when crude goes back to $50-#60 range.
Honestly, Nigeria is in the hand of a wrong family as president. Fruits don't fall far from their trees.

Please what is happening to Oando? Consistent daily loose, is this only about delay in release of result or there's more to this?

INEC financial autonomy may help but the president selecting the iNEC chairman is one other major bottle neck to free and fair elections

lawani:
The idea that Lagos is the most cosmopolitan city in Nigeria is wrong. What is true is that it is the most populated. Abuja, Warri, Benin, Jos, Kaduna etc are more cosmopolitan but less populated

South Easterners are not more than Hausa in Lagos and Akwa Cross people may even be more than SE people. For example I was in Lekki and I worked with as many Akwa cross people as Igbos if Akwa cross people are not slightly more. If you want to be sure of how they compare then you must go after real data and it is not expensive to do that. For example, select twenty high schools across the state and determine the ethnic make up of the student population and the result will approximate the ethnic make up of the state. Bland statements can not substitute for real data. I can say too that because the Yoruba win over 90 percent of the political posts in Lagos that they are ninety five percent of the population but no scientist would take me serious

Lagos is surrounded by Yoruba states and the majority of new people entering the state are Yoruba. All estimates and studies put the Yoruba population in Lagos at over seventy percent and only a quarter of what is left can be Igbo meaning less than 7.5 percent

I think Nigeria is better divided for everybody to know their true weight and develop at their own pace.

Igbo are not automatically the second largest in any state but they can be in states that border their land

If you are not afraid of the South East population in Lagos I want you to start a campaign to all Yoruba leaders to allow everyone vote freely in Lagos during the next cycle of elections because the numbers of Igbos in Lagos are infinitesimal and wouldn't change anything. If their numbers don't matter why are you shouting South East everywhere and not redirect your focus to Akwa/Cross that you are afraid of? Why are you and your fellow data boys always focusing on the part of the population that doesn't matter in numbers? Oboy leave tribalism, it has never developed any society in the history of the world. Let us all join hands to move our country forward for the benefit of all. If any leader goes wrong we should call him out with one voice so that they will stop taking us for granted. Else, we should all join our voices together to divide this British contraption serving their purpose without benefitting us.

lawani:
Empathy is important in any endeavor. If Ijaw and Igbo were in one country, would you agree that they get the same number of appointments in any government ? If you won't, why will you support that the SW get less than three times of the appointments given to the SE by any government? Check voters registration, NIN registration, active sims, number of Profs, number of lawyers, number of globally ranked universities, scholars of world acclaim, Nigerians resident abroad. Check anything. Why would you support injustice?

The people living in Lagos and populating the south west are from every part of Nigeria and with South Easterners forming the highest number of non indigenes in almost every non South Eastern state. You are only using the statistics you think that favors you, why didn't you mention the business community? or only lawyers are useful to Nigerian economy? Even your south west doesn't have a higher number of Nigerians in diaspora so stop the chest beating.
The most important argument that will move Nigeria forward is 'how do we get it right with governance' not your ethnic rhetorics and being clever by half, counting everybody living in your region as south westerners but denying them opportunities when the time comes for sharing resources. If 80% percent of Lagos dwellers are south westerners why do you need to unleash MC Oluomo and his boys on voters during elections? Can 10% of voters determine the outcome of an election in a democratic election?

HesInMe:
I'm not even sure what you're trying to achieve. The case against BAT is clear: He's the incumbent at a time of deep economic pain shared by most people resulting from his policies, and he hasn't fixed structural problems like electricity and corruption to ease the burden.

If you're an Obi supporter, focusing on banal ethnic rivalry just detracts from the case he should be prosecuting is unhelpful.

He was never talking about Obi, Tinubu or Atiku before the guy started argument about why South West should get all the appointments at the federal level because of higher population meanwhile the argument is flawed because North West has the highest population by region and as such such get perhaps 50% of the appointments which is never the case here. Can there ever be any reason reason enough to justify nepotism when the outcome affects all citizens?
The way we reason as citizens is why I don't see Nigeria moving anywhere forward but it is very unfortunate for those of us that don't believe in Japa because I fear for my children everyday. If Tinubu that claims to be educted must reciprocate the nepotistic tendencies of Buhari who we know to be an illiterate, then where's the hope for Nigeria?

lawani:
The west had revenue in 1960 that was three times the rest of the country put together and it did not include the FCT Try to put that into consideration and therefore stop isolating Lagos from the west. It is a delusion of grandeur to think the SE rank equal to the SW.

The FG did not spend on the present Lagos state up to what it took from it. Isn't that obvious? Why should the SE with lesser population take anything more than Lagos state? But it takes more than three times

The SW is second only to the SS in oil production and it is worth stating and you can't blame western Nigeria or Lagos for the descent of Nigeria into the decades long dependence on oil money even if the oil money was used to develop Lagos state which it was not. Lagos is like Benin republic. If it were a country, it's ports revenue would go a long way in supporting it and that ports revenue is seized in its entirety by the FG along with most of it's oil revenue

At the bolded, whose port are you talking about? Was the port built by Lagos State government or Western government? Federal government is collecting revenue from her investment and you want to tag it Lagos revenue. The port could have been built at Warri, Port Harcourt, Calabar etc and attract same level of patronage if the federal government cared to empower it with the necessary investments as was done in Lagos. Stop bragging Lagos is not South West made it is Nigeria's collective investment. For instance, when the VAT for the MTN and Airtel recharge card over 150m Nigerians living in every part of Nigeria bought is paid via Lagos headquarters you people will come online to shout as if it was generated by South westerners alone.

lawani:
No it didn't start today. In 1960 the west had a budget of 55 million pounds the East had 12:million pounds and the North had 7 million pounds yet the west agreed that the combination of the west and the east should have the same representation at the center as the North. That was a wrong step.

The oil today is only 25 percent of federal revenue and it is still dropping and part of the oil comes from Yoruba land as well. A good part of it. The Lagos you mention is around 80 percent Yoruba and it is the people living inside a state that pay tax in the state. Lagos today contains close to forty percent of the SW population

Before Tinubu Nigeria was depending on oil. Before the military Nigeria was not depending on oil. I hope you are not blaming Lagos for the descent into the depending on free money?

President Jonathan gave less than five percent of his personal appointments to the Yoruba and that was worse than whatever the current President is doing.

However it can not be justified in any way to give less than three times whatever is given to the SE to the SW because the heads on the shoulders of the people in the SW are not one third heads. They are full heads. 55 million people is not equal to 19 million people

Enugu, Abuja, Jos, PH, Anambra etc were developed with national funds more than Lagos if you check the number of federal government properties in them that is not for profit.

How you people write and post nonsense just to massage your ego is amazing. How did you arrive at a population of 19m for South East and 55 million for South West?
Is it the same Lagos that I live in that has 80% yoruba or another Lagos?

At the current prices is WEMA bank not currently more valuable than Access Bank market capitalization wise? Despite the 40 billion against 53 billion?

KarlTom:
4-to-1 reconstruction

https://doclib.ngxgroup.com/Financial_NewsDocs/47190_FORTIS_GLOBAL_INSURANCE_PLC-PUBLIC_NOTICE_OF_SHARE_CAPITAL_RECONSTRUCTION_CORPORATE_ACTIONS_JUNE_2026.pdf

Thanks for the update, I know I read this before but forgot because I was annoyed because of the serious loss already incurred.

I checked my wife's FTGINSUR some days back and it was on a serious loss, bought at 1.44 and was then around 0.94, then this morning I am seeing 3.57 please what happened at the AGM meeting yesterday ?

Oasisblue:
Which is the reason many sensible Nigerians are going to ensure a numbskull like Obi never smells Aso Rock as things will be worse for us all.

I have a friend that is a member of you people's Whatsapp group also, I am aware that you people were only asked to focus on Obi because he is the only major threat to Tinubu as he won the 2023 elections but was rigged out. But guy you are over doing it, Obi is not the only contestant here. Remember Atiku is also contesting, the only mistake both has made is not coming together under one ticket, you all would have been shitting on your pants by now.
The strategy I believe Nigerians should apply to extract respect from these crop of wicked politicians is to remove anyone that fails after 4 years and vote in another until we get it right, if not they all will continue to see the masses as dumb.

crownprince2017:
Pls I'm not a politician and I don't have sympathy for anyone, I only present my case based on facts within 16 years period.

I just want someone that can show me the ability to fix Nigeria by telling us the problems and how to solve them in real time.

If you are in a contest with an opponent and you know your opponent's weakest point you won't accept to release your solutions for your opponent to copy. I think that's why both Peter Obi and Atiku will find it hard to release their solutions. Also, since some Nigerians can vote for Tinubu just for saying 'bala blu' and all sort of planned gibirish in 2023, it simply means it is no longer an intellectual contest.
The weakest point of these Lagos band of kleptomaniacs is that Lagos has enough resources that can go round the politicians and you will still have enough funds for visible work via more tax or even borrowing. Moreover, a lot of infrastructure are already in place in Lagos and most of the businesses in Nigeria are headquartered in Lagos yielding tax revenue to Lagos so it is easy to make money in Lagos. So applying the same strategy that has seemed excellent for Lagos so far to Nigeria as a whole is the reason for the monumental failure. Nigeria has meagre resources so if you want to loot and still do some projects it will only result in massive borrowing which is what we are witnessing. Anybody that lived his whole life in Lagos can not understand Nigeria not to talk of leading the country effectively. I that came from the south and have lived in the north each time I buy fuel at #1,300 per liter or gas at #1,700 per Kg what usually comes to my is 'how are people in the north surviving'?

As an Economist I have been supporting total deregulation since Jonathan's days but borrowing Nigeria's present and future upon deregulation just to share to politicians instead of investing same in projects with capacity to repay the debts in the future is total economic rape that will hunt this country for decades to come.

Oasisblue:
Lol. Your emotional blackmail wont work with me. Take it somewhere else.

What alternative do you or your presidential candidate propose? The 'I will increase electricity by 10,000MW but cantt tell you how' mantra?

Your submission would make sense to me if you are supporting Sowore and his AAC for President,as that is a real paradigm shift, but if it is Atiku, Obi, Amaechi and Kwankwaso, then you are just a big hypocrite as these leading candidates have the same policies and none of them will birth any new Nigeria. I am even glad Tinubu has the cojones to follow through. I am unsure the others wouldnt have chickened out- a worse scenario.


I dont like Tinubu or his brand of politics. I am highly critical of this government on many fronts. I have no dog in this fight and consider all 'leading candidates' the same, but I credit this govt and the CBN for the reforms that is bringing sanity to the business environment and has seen the stock market boom. This is about the only thing I am currently benefiting from Nigeria and I dont want any clueless candidate to come to office and mortgage that on the platform of cheap populism.

Now I understand the view you are speaking from, you are just being selfish only because the stock exchange preserved your funds from going down the drain via hyper inflation and you think you are making money? You don't even deserve my response because if you are buying diesel at #1,900 per liter like me to run your business you won't be writing this. Oga if all Nigerians sell off their production businesses and bring the funds to NGX you will not have any company again to invest in so start reasoning the economy generally and not just about your earnings. Secondly, all your NELFUND can't be paid back because those graduates will have to get jobs to pay back and if they can't pay back the project will become unsustainable.
Definitely, the days of cheap populism economy are gone (but currently only for the masses) we need a leadership that will be willing to sacrifice alongside the masses so that we reset the country for the benefit of all, that's the only way countries with meagre resources has ever grown in history e.g Japan and China. Huge resources in the midst of corruption also is a monumental disaster e.g Venezuela.

ghm:
Sir, don't miss the main point, the main point is this: anyone contesting against Tinubu must tell us what they'll do differently and how. That's the standard. Nigerians have tolerated too much BS from politicians, including Tinubu – it's time to demand answers.

We don't want a repeat of the 2015 saga. APC didn't do that in 2015 – they took power, and everything went south. We don't want to be fooled again. Obi, Atiku, and whoever the PDP candidate is need to tell us what they will do differently and how.

If in 2015, 2019 and 2023 you didn't ask APC what they will do differently before you voted them, what we are saying now is that now that they have failed let's remove them first and vote in another person at least that has a tested integrity then if he fails another 4 years we remove him and vote in another person that's the only way we can reclaim our power as masses if not these politicians will continue to use us to play ludo. Honestly people can't give what they don't have, Tinubu doesn't have integrity and as such can't run the transparent governance needed to clean up the mess of the past because that will require frugality. You can't expect Nigerians to sacrifice while living in opulence, borrowing to fund presidential yatch and presidential air fleet while telling Nigerians to wait in hunger until they die before things will become better in heaven.
The fact remains that without bias only Peter Obi can be able to frugally run that type of government whereby cost of governance will be drastically reduced so that our meagre resources can be put into use for the benefit of the masses without massive borrowing that will remove the lid covering a better future for Nigerian. I am not an obedient member, but that's my assessment of the current presidential candidates with tested capacities. Let's try another person and if he messes up we remove him after 4 years.

Oasisblue:
Wow. So NELFUND hasnt helped indigent students? The boom we experienced on the NGX before the recent slump was due to these bold economic reforms. Are you saying the masses dont have cause ti travel on the parts of the Lagos-Calabar coastal road completed so far?

Any government that took the bold economic and infrastrural development steps earlier listed cant be said to be 'doing nothing'. Lets be sincere to our conscience. While majority of these steps may not have translated into bettter life for the citizens, lets consider the scenario if we have continued with the Buharinomics- borrowing to pay fuel subsidies(an amount surpassing annual budget for health and education), using 97% of revenues to service debts, CBN printing currencies and practically runnign a parallel govt in a govt and having a dual-exchange rate that turned loafers with connections to overnight billionaires via financial round -tripping. We were on the verge of national bankrupcy a la Argentina, Greece and Ghana.

So the best form of governance is removing everything holding the livelihood of the masses together at the same time and pushing them into abject poverty without any form of provision to cushion the effects? instead more and more taxes are being rolled out by the day to collect more from the masses while huge borrowing that can't be accounted for is ongoing every quarter?
If you have removed petroleum subsidy, electricity subsidy and FOREX subsidy all at once why still borrowing our future out to put the country into perpetual debt? Where are the funds freed from the removal of the subsidies if we must still borrow to fund the budget?
Is it not people that are alive that can witness the eldorado of the future I don't know when APC is promising us.
Please tell me the economic importance of connecting Lagos to Calabar or Lagos to Sokoto by new roads, have Nigerians not been traveling to Sokoto and Calabar from Lagos before?
If not for the want of white elephant projects to loot funds in this century is it more economical to connect such long distances by new roads or rather safe water way travel to Calabar via the atlantic and and safe rail travel to Sokoto by speed train?
While you are here projecting a failed government for second term hundreds of thousand of Nigerians are being held hostage everyday and as such terrorism is being funded via massive ransom payments while the government looks the other way.
My prayer is that whoever that is supporting this evil of a government that is watching while Nigeria is being overran by terrorists will enjoy the dividend of what he/she support directly by encountering these terrorists one on one, just say amen!

Olaide1295:
The problem with you all is that you insult contrary opinions rather than ask questions. You also bring partisan politics into economic discussions and only want your voice heard.
How can I vote in a man who couldn’t explain how he will solve the power problem or even any national issue at all. Peter Obi to me, is not any different from Buhari. Both have supposed integrity, but are unfortunately clueless. I made the mistake of being fooled due to twitter noise and voting him in last election. Glad he lost anyway.

BTW, you don’t have monopoly on insults.

Please tell us what did Tinubu explain in 2023 as how he will solve the power problem and also the economic problems before you voted him, even now that you want to vote him again, how did he say he will solve any of the problems?

Olaide1295:
One would think you speak on behalf of the youth.
Many of us are convinced that PBAT is the most capable of the available candidates. Tested and proven to deliver our country from macroeconomic crisis. 4 more years to go, Rejoice!

It seems you are the APC agent sent to monitor this NSEMPA group because you hardly comment about any other thing here until someone speaks ill of the government. Please tell me, in what ways has PBAT made the life of an average Nigerian better than it was before 2023? Or there's no need to retrospect we should just accept that 8 years is automatic?

Zagee:
A very stupid move. 🤦‍♂️

"Let's fund a 'lavish' wedding that I'm unable to afford"

That's a public liability wedding, of course it is not impossible, the wife will be co-owned by the investors. I think Agba can invest in this business, it is his type of deal.

Morgan Capital has not debited my trading account for my Sugar rights up till now, I hope they will not tell me stories?

toyeoye:
🚨 DANGCEM hits limit-down (-10%).
The NGX heavyweight drops from ₦1,070 to ₦963 in ongoing session, a rare move for a stock with an ₦18T+ market cap.

Investors be like 'if an insider is seeing the value as #850 why should I hold at #1,070'?

mikeapollo:
Must you always be talking with AI on something as sensitive as your money? AI cannot be your witness or evidence in court!
Just walk into the office or branch of the issuing house(s) or banker(s) or registrars for the Rights Issue as indicated in the Prospectus.
If you pay through them, ensure you keep records of the transaction e.g. transfer receipt, cheque etc. for future reference or evidence

Honestly I want to sue this AI, please which court can I go to? Imagine AI editing the account name to remove UBA and giving me only 'RIGHT ISSUE ACCOUNT NUMBER' so as to cover the lie in her response like PETERICHY. The account was used by United Capital during UBA right issue and read: 'UBA RIGHT ISSUE ACCOUNT NUMBER' but madam AI edited it. Honestly, I thought only PETERICHY and LOCO could do that

I have already submitted my form to
Morgan, I wanted to just pay by direct transfer to the registrar if possible but AI decided to catch cruise with me.

Valthegreat:
AI advised me to pay into this UBA account number for my Dangote Sugar right issue, please is this right as the information is not available on the subscription form. Has anyone paid through this UBA account number so far?

Over reliance on AI can put people into serious trouble o!
See what I saw when I tried to check out the given account number, and the fool (AI) stupidly altered the account name to hide the information that will sell it out as an unintelligent machine.

megawealth01:
AI

No be AI everyone dey run to for advise all over the world now, do you want me to lie?

AI advised me to pay into this UBA account number for my Dangote Sugar right issue, please is this right as the information is not available on the subscription form. Has anyone paid through this UBA account number so far?