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Autos / Re: QUICK NAIJA USED CAR SALES AT AFFORDABLE PRICES by Venerable612(m): 6:07pm On Feb 19
yemobrown:
Toyota Camry 09/010 in pristine condition.
Call đź“ž in for inspection and Quote

Can you inbox me details
Investment / Re: Investment Recommendations In Nigeria For Beginners by Venerable612(m): 7:11am On Jun 10, 2023
Geovanni412:



With any investment, you can lose money

Interbreweries is bankrolled by AbinBev, owners of the Budweiser brand, biggest brewers in the world.

For now, I have no position in the market. I have tried ta and fa system my pops used since 2021(entry) till exit (2022).

You need massive units to enjoy benefit of stock. My dad tries to get 100k units and above of any stock. It's stock market that paid my university education in Nigeria (Baze), Ghana and even my mum's cancer treatment.

Volume is key.

What I discovered in 1 yr on the market is there is no formula but if a stock is underpriced (less than 75-90 percent from it's peak) and has a fairly decent board of directors, take a punt at it.

Also, Kobo stocks perform better than strong companies. I made zero gain investing in uba, uacn and afriprud but I made over 50 percent gain by investing in jaiz bank which had not paid a dividend in 16 yrs.

Why did I leave?

The gain on stock market was less than the movement of naira to dollar on black market last year. Clearly, converting to dollar was the right move to play.

Why do I want to try again?

I see an opportunity on Kobo stocks that is worth the gamble instead of allowing money fallow in my bank acct.

I did analysis on many stocks that performed well based on technical analysis but failed the test of fundamental analysis. Stocks like Guinness and Cadbury have history of bad mgmt and cooking books but they ended up pumping the most.

Capital issue:

500k-1 million is small capital for stocks above 3 naira. Spreading it around won't give much gain. It's either you are content with tiny gains or you go hard and either die a villain or become a hero. grin

If you want dividend stock system and slow n steady, I can give you suggestions but if you are a degen, then you must go for Kobo stocks. Dm me for more details either way

Broker:
I use investmentone (an arm of gtbank) but zenith bank has a broker that is also good. That's what one of my friends told me.


@Venerable612, moves like the below shows me the market is one for kobostocks. This is for the companies called tripleg, ftncocoa. FTNCOcoa is in serious financial difficulties yet look at the chart....







Brilliant.

Super helpful.

You are obviously quite experienced with this.

I will look these up and reach out.

Thanks brother
Investment / Re: Investment Recommendations In Nigeria For Beginners by Venerable612(m): 8:09pm On Jun 09, 2023
Geovanni412:


Not financial advice

If you want quick money, you should be prepared to lose everything as well.

If that is the case, pay attention to kobo stocks like japaul gold and unity bank

You can lose it all in the stock market

If you are more patient, you can look at solid underpriced companies like interbreweries.

Quick money? That’s not the intention…

With inter breweries - will my investment lose its value ?

For example in the US, Amazon stocks have been quite resilient and over the years.

Increase in Value… stocks that have been doing well in the market will be preferable for beginners in the Nigerian market.

Separately, how do you trade ? Is there like an app that you can recommend? Or you use brokers.
Investment / Investment Recommendations In Nigeria For Beginners by Venerable612(m): 6:23pm On Jun 09, 2023
Does anyone know how and what sort of stocks to buy / thinking about value increasing?

Thinking of naira investments of between 500k to 1m for a start.

I can afford some level of risk / just not sure how people go about doing it.

Practical recommendations will be welcome / not conjecture pls.

Thanks
Politics / Re: Peter obi: Dangote refinery will give us Additional Savings On Foreign Exchange by Venerable612(m): 7:23pm On May 23, 2023
Same mantra.

Consumption to production.

Coming from a Net importer of foreign products into the country.

22 Likes 4 Shares

Phones / Re: Meta Fined $1.3 billion over transfer Of facebook's EU user Data To US Servers by Venerable612(m): 11:22am On May 22, 2023
Wow


I thought there’s a DPIA between Meta US and Meta Ireland.

1 Like

Sports / Re: 2024 Will Be My last season: Nadal Withdraws From 2023 French Open due to injury by Venerable612(m): 4:51pm On May 18, 2023
DevilsEqual:
A legend in the game
Its just unfortunate that Djokovic is breathing down his neck and wouldnt even allow him enjoy his goat status at all since Novak already surpassed him even in his active years...How much more when he's gone

But then, He'll remain a Tennis Great

Apt.

Djokovic keeps pushing him but I think he needs to let go like Roger. He will always be a Tennis Great.

7 Likes

Politics / Re: Biden Reminds People About Tinubu’s Drug Trafficking History Before Inauguration by Venerable612(m): 9:00am On May 18, 2023
GeneralPula:
grin

You know the man too - he is such a joke.

He has been writing to the FBI and US Government asking for disclosure of criminal information on Asiwaju.

The US government will never meddle in the internal politics of the greatest black nation on earth - especially now that they need allies.

They keep pushing an Obi Agenda forgetting that a case is in Court which is very unlikely to succeed because the infractions in some state in that election is not enough to account for the voting numbers differences or overturn the election.

It’s difficult for people to see the truth when they are fixated on an idea in the air - but the US will never speak against Tinubu unless a Nigerian court declares otherwise.

2 Likes

Family / Re: Rise In Divorce Among Nigerian Couples After Relocating To UK by Venerable612(m): 1:09pm On May 15, 2023
Jennyclay:
Biko, Someone should come and take me to U.k, honestly I won’t end the relationship/marriage

Hmmm
Celebrities / Re: Murphy Afolabi Dies After Bathroom Fall by Venerable612(m): 3:07pm On May 14, 2023
Very fine actor.

May God rest his soul and forgive his sins 🙏

1 Like

Celebrities / Re: Actor Saint Obi Dies At 57 by Venerable612(m): 7:30pm On May 13, 2023
Rip

May God forgive his sins

4 Likes

Education / Re: EKSG Distributes Letters To 1,300 Newly Recruited Primary School Teachers. by Venerable612(m): 2:01pm On May 12, 2023
Ekiti governors are always very hands-on. Stuffs like these are handled by commissioner for education or some other senior member of the education ministry.

1 Like 1 Share

Politics / Re: Court Invalidates NBC's powers to Impose Sanctions, Fines On Broadcast Stations by Venerable612(m): 6:18pm On May 10, 2023
Sermwell:

If any law is inconsistent with the constitution, the constitution shall prevail, and that law shall to the extent of its inconsistency be void!! NBC is clearly violating freedom of speech as enshrined in our constitution. Period!!!

That’s amusing.
Politics / Re: Court Invalidates NBC's powers to Impose Sanctions, Fines On Broadcast Stations by Venerable612(m): 1:16pm On May 10, 2023
lhordspy:
Maybe i am wrong BUT This doesnt make sense. NBC is a regulating commission, it should have power to be able to sanction erring broadcasting organisation without having to rely on the judiciary.

Instead it is the broadcasting organisation that should file a case at the court if they are not satisfy with the sanctions imposed on them.

I agree.

That judgement is delivered per incuriam.

As long as the NBC Act has empowered it to regulate the industry - it cannot have recourse to the court and enforcemenft agencies every time it wants to investigate noncompliance, impose sanctions and exercise its function.

That’s a rubbish judgement and should be upturned on appeal.

11 Likes 3 Shares

Politics / Re: Peter Obi Pictured Sleeping At The Presidential Election Tribunal (Picture) by Venerable612(m): 3:44pm On May 08, 2023
Zikojukwu:
Funnily enough he was reading. I was in court and someone is spewing trash. Why not provide a closer picture.

Where were you seated? Were you the one in mufty on the third row to the right?
Celebrities / Re: "This Your Daughter Must Die" - Seyi Law Shares Death Threats Sent To His Wife by Venerable612(m): 6:10pm On May 04, 2023
lhordspy:
This Obidient 'madness' is now beyond politics, it is now full blown terrorism.

This is how Bko haram started, this is how herdsmen menace started, this is how !POB started, gradually and gradually, from 'they are angry, they are setup; you know that victimisation card (No be us !), they are fighting for their right, they have freedom of speech, they have the right to protest; untameable to uncontrollable, intractable to ungovernable .. Then boom ! Full blown barbarous, ferocious terrorists.

Sometimes you wonder; where is Peter Obi ? , in all these. A man with a promising political career, sit back and watch how sadists, mentally deranged people, terrorists, treasonable fellows, emotiional kids ignorant of how certain words have certain implications, religious extremists parading as God's sent, country-haters , .....burn down his political ambition to the ground.

I think he is enjoying all these himself. Reason why we the progressive stood for sanity, we voted sanity. Cos' 'Evil will win if the good people do nothing'

You are right - the way he speaks and his demeanour on tv? He is enjoying all the euphoria and attention he is getting and encouraging these evil characters

1 Like 1 Share

Properties / Re: Sanwo-Olu Orders Demolition Of 20 Buildings In Banana Island by Venerable612(m): 7:16pm On Apr 23, 2023
virginboy1:
When you stroll or take a walk around Banana island...na there you go realized say some people get money for this country... shocked


Make we dey manage our Iyana ipaja for now...with time we shall get there grin

Many of those real estate projects you see (including those IN Abuja) are whitewashing for illicit funds such as fraud, corruption and drugs.

Unfortunately, the Government is turning a blind eye to this trend. May God help the common man.

Just do you bit and pray for God to make life easy for you and your family

2 Likes

Nairaland / General / Re: Sanwo-Olu Empty Vault Spotted At Ikoyi Cemetery (Pictures) by Venerable612(m): 11:15am On Apr 22, 2023
Hmmm

But can someone educate me as to why people prefer to bury their dead in cemetery though? Mostly rich folks.

I’d have thought they should prefer their own homes or family homes which is more secure and respectable.

1 Like

Health / Re: Energy Drinks: What Are The Side Effects Of This Drink? by Venerable612(m): 4:15pm On Apr 12, 2023
Excess Sugar may be - harmful if you are diabetic or your family has a history of diabetes.
Politics / Re: Tinubu: APC Asks Election Tribunal To Dismiss Obi, Lp’s Petition, Gives Reasons by Venerable612(m): 8:41am On Apr 11, 2023
SmartPolician:
The game is getting interesting. I cannot wait for the full litigation to commence.

APC is making this appeal about Peter Obi. If the party agrees to pick him as the presidential candidate with unopposed candidates, then why should that be the concern of APC?

Besides, political parties win elections in Nigeria, not individuals. They didn't react to the claim that Bola Tinubu is an ex-druglord. I guess they intentionally ignored it or reporter didn't mention it.

See @Clevite reply for your information. It’s very good to understand a bit of law before you comment on legal issues.

First of all, this is not yet their defence. This is just a Preliminary Objection to get the case dismissed on point of law.

They are yet to respond to the substantive issues of the Petition as filed by Peter Obi. Wait until they respond to Shettima's qualification, Tinubu's drug, 25% at FCT and rigging issues.

Be sure APC may file Cross-petition to challenge Obi's results in South East too.

13 Likes 1 Share

Politics / Re: Tinubu: APC Asks Election Tribunal To Dismiss Obi, Lp’s Petition, Gives Reasons by Venerable612(m): 8:31am On Apr 11, 2023
Clevite:

First of all, this is not yet their defence. This is just a Preliminary Objection to get the case dismissed on point of law.

They are yet to respond to the substantive issues of the Petition as filed by Peter Obi. Wait until they respond to Shettima's qualification, Tinubu's drug, 25% at FCT and rigging issues.

Be sure APC may file Cross-petition to challenge Obi's results in South East too.

You know the Law!

Well said!

The preliminary objections are quite punchy - sammarily:
1. Peter Obi does not have locus to contest the election and bring the petition at all;

2. failure to add Atiku/PDP to the petition is a huge miss, as PO can’t be declared winner if at all he is successful without first discountenancing Atiku’s votes;

3. no pleadings on polling units disruptions individually; and

4. PO’s petition is fraught with pre-election matters - and the Tribunal itself does not have jurisdiction to hear the matter.

Law is interesting! Let’s see how this place out and watch out for the Defence & potential cross petition.

22 Likes

Career / Re: Should An Employee Attend To Work Calls/mails On Weekends by Venerable612(m): 9:57am On Apr 03, 2023
Depends on the type of work you do….

If you do corporates - most likely you will be expected to work weekends/late nights.

Of course, there are benefits to these - such as extra bonus for volume/value of transactions you closed in a financials year - in addition to it looking good on your end of year appraisal/promotion.

That said, it is always helpful to set boundaries and provide your team with information if you have commitments that will make you unavailable!
Education / Re: LASU Bread: Lagos State University Launches LASU Bread Bakery by Venerable612(m): 5:43pm On Mar 30, 2023
Zonefree:
An institution for higher learning giving accolades for producing bread, I mean BREAD undecided


When other universities in the world are breaking records in Aeronautics, medical sciences, Engineering etc, Nigerian universities are busy celebrating producing Bread. Not like the Bread is even Bread of Life. undecided

Nigeria is retrogressing rapidly.

It’s not entirely bad - if the facility employs staff and
Students studying food tech / bakery related courses. There might be an argument that it provides hands on experience for the students whilst helping to generate funds.

I think what’s unacceptable is monopolising the bread market in the School. That’s anti-competitive and the FCCPC may consider this illegal.

26 Likes 4 Shares

Foreign Affairs / Re: Humza Yousaf Confirmed As New Scottish Leader by Venerable612(m): 8:46am On Mar 29, 2023
SmartPolician:

Imagine Scotland and UK letting people they once considered their inferiors to rule over them.

To be honest, the West is millions of miles ahead of Africans. If we still deal with tribalism after 100 years of amalgamation, it would probably take Nigeria one million years to start thinking like these people from the West.

This comparison is incorrect and is generally a slippery slope.

The UK is a largely homogeneous society - whereas Nigeria has over 250 ethnic groups, all divided over ethnic, political and religious lines.

UK leaders are selected by Parties, not directly by the electorates as applicable in Nigeria. Less room for politicians to exploit people’s sentiments.

It won’t take Nigeria 1 million years… we each have to do our parts and be optimistic for the future.
Crime / Re: Bodycam Footage Of Nashville Police Hunting & Killing School Shooting Suspect by Venerable612(m): 8:43am On Mar 29, 2023
Looks like something from the movie.

1 Like 1 Share

Politics / Re: Soludo's One Year In Office Video by Venerable612(m): 7:15pm On Mar 27, 2023
intruder15:


When you see quotes like that, look out for the video and confirm same. False news these days is alarming

I have seen the video on Charles Soludo’s fb page - it appears he may not have intended Yoruba generally but he certainly was referring to Lagosians. Not cool
Politics / Re: Soludo's One Year In Office Video by Venerable612(m): 9:58am On Mar 27, 2023
AntiChristian:
This past week we learnt that:

1. Anambra (the next smallest state after Lagos) is now the erosion capital of the world!

2. Lagos the smallest state in Nigeria is reclaiming land by filling the Atlantic...

3. Yorubas are Political Rascals that should be dealt with.

4. One Igbo man is equivalent to 500 Hausa men!

That last two parts though.

I wonder if Chief Iwanyanwu really called Yorubas political rascals. That would be quite provocative if true.

1 Like

Politics / Re: Court Of Appeal Quashes PDP Case Against Tinubu/shettima Over Double Nomination by Venerable612(m): 2:26pm On Mar 25, 2023
Isobug:

Court Cases are different. If one failed with a particular prayer another person may succeed with the same prayer in the same court. It's not yet time for jubilation.
Meanwhile, Court proceedings are all about evidence. The judges claimed Atiku has no legal basis to institute the case. If your lawyers Provide enough evidence the case is yours nomatter the locus

Do you understand what locus mean in Law? Bing ai search would be helpful for you but suffice to say that LP does not have Locus on this line of prayer.

Moreover, that sort of matter is a pre-election matter Nd would hardly qualify as a reason to remove a candidate with the majority vote. You can check the grounds under which a candidate may bring a post-election petition in the Electoral Act.

Only relevant issues to raise is the irregularities alleged against the election:

Failure to use electronic machines to upload polling station results, which could allow for vote tampering.

Discrepancies between the photo evidence of vote counts and the actual results uploaded to INEC’s portal.

Violence and voter intimidation in some areas, especially in the south-south and south-east regions.

Delays and technical problems in opening some polling centers and counting votes.

Manipulation of votes and collation of results in favor of the ruling party.

And the numbers decripancies!

Every other matter alleged in PO’s petition have been decided & overflogged severally in Courts, even by Obasanjo & Gani Fawehinmi of blessed memory, since 1999 / and judicial precedent will largely apply here.

1 Like

Religion / Re: Is God A Trinity? by Venerable612(m): 1:23pm On Mar 25, 2023
Janosky:


Oga, do you worship 3 persons ?
In other words, you worship 3 spirits?

Oga, did Jesus Christ worship 3 persons?

Read it again, this time slowly.
Politics / Re: See The Results That Gave Tinubu His Presidential Election Victory by Venerable612(m): 4:25pm On Mar 23, 2023
hrykanu231:


In this case, who is not coming with clean hands or don't you want any commentary on the election petition? Please don't say yes, because the issues raised are weighty, especially that drugs part.
So permit me to ask you, did Tinubu engage in Narco or not?

I am a lawyer - and one of the things they teach in the Law school is the fundamental rights enshrined in the 1999 constitution.

One of these is Freedom of speech and expression- under which you and anyone else can comment on any matter. This freedom is not, however, absolute - especially regarding an ongoing matter in the court. Media trial is generally frowned upon because it has a way of prejudicing the court trial.

Nevertheless - if you are quite confident about the petition - you should have nothing to worry about.

I have only said that the Drug related case has been in court plenty of times in the past and have failed. You can also see letter from the FBI/US embassy below.

Mind you - I am not speaking in support of Tinubu.I have just noted points of law in response to your comments.

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