₦airaland Forum

maishai:
Why all of a sudden, people are insinuating the collapse of fbnh...Is there info out there, pls share, some of us are heavily entrenched in the elephant

FBNH will not collapse but we should not expect any capital appreciation in the short term.

Even at the height of the news of the floating exchange rate, it barely manage to drag itself to like =N=4.50k when stocks like Zenith and GTB in the same tier were flying. It will definitely be in a worse position when there are no positive new in this economic recession.

Willie2015:
FBN should be below 3.00 before Dec.

My post on July 28, FBN already below =N=3.00 in August 29th. It will continue to dance between =N=2.50 & =N=3.30. Sincerely, I don,t see any positive news that is going to lift the stock price unless there is a miracle in 3rd & 4th quarter. The Elephant is simply too slow to catch up with other animals in the jungle.

Well, I still believe in Miracles.

abimcdssi:
This is very nice but quite expensive. How many seasons is it gonna take to break even @oladiran2

Good result.

However, this is still too expensive for an average farmer while there are also other start up costs to also consider. You will not break even at all if you fail to get high end consumers like Shoprites etc who are ready to pay per kilo.

I still prefer open field while one can have one green house to cater for fragile veg like tomatoes as income increase.

You can get a soil tester on the net - Just google the below information, its simple to use.

The Rapitest 4-Way Analyzer is a multi-purpose meter that allows you to monitor the conditions of soil pH, soil moisture, light intensity and total combined nitrogen, phosphorous and potash levels. NO batteries required

greenpasture:
Er... the Kenyans didn't develop their agriculture all by themselves. They were mainly subsistence farmers. The British and Ceylonese Indians ( tea) developed large scale agricultural an animal husbandry. Kenya grew into huge bio tech based agricultural because it was open to new ideas, it made inward investment easy and simple and removed unnecessary choke points.

But it didn't do it all by itself. There is nothing wrong with foreigners coming here if they bring their tech with them and provide training to Nigerians

The Kenyans had a blueprint for dairy sector, thats why they were successful. Development of any dairy sector of any country is a function of the following;

1. Having improved dairy animals locally in the Country.
2. A well-established artificial insemination (AI) service to enhance the multiplication of improved cattle.
3. Create awareness and Drive implementation of zero grazing system in cattle rearing.
4. Provision of technical and financial support to farmers.
5. Providing a framework with Milk Coys to absorb supplies from farmers.

MOUs should support the above framework and not the other way around. Thats why we are concern when FG continue to sign MOUs with Coys without providing a blue print. Its dead on arrival.

kennymotors:
am contemplating to sell my bus,use the money to buy an acre of land for farming,precisely plantain.Is it wise?can you encourage me on plantain's plantation? or any other money spin crops

If your bus is generating enough cash to cover expenses with additional profit, Do not sell. You will need the income to fund your farm.
Dont purchase an acre, you can get someone that is ready to lease a quarter of an acre for like =N=2,000.00
Plantain is profitable but you still need knowledge. It takes an average of 9 -12 months to get result.

Try other vegetables with short cycle. There is nothing like money spin crops, with farming, you need to go for training, start small with quarter of an acre, then move up .

clementcro:
Come here and let us tap into the wealth tomatoes offers, you can make millions on tomatoes every four months.

Experienced and interested farmers can comment

Thanks

You should be conservative about the ''Millions in quote", it takes knowledge and hardwork to get to make million on tomatoes.

cybergee:
Thanks everyone.

I'm in Aluu, Port Harcourt. We have regular rainfall and immediately it start flowering, I make sure they are watered.


Pls willie2015, how much is the cost of the walking tractor.

I have 4 plots at this location but I'm using 1 plot since this is my first experience. I have 17 plot in another location but not fenced.

From my enquiry on nairaland, Cost is from =N=480k to =N=900k. You may go for a power tiller that goes for ard =N=150k to =N=250k depending on the Horse power, that should handle your requirements if your farm is still within an hectare

feelamong:
This would have been a terrible result with the N34B Impairment charges...

Na just the Foreign Exchange Revaluation gain of N61B that saved them...

After the Euphoria, the bears will also feast on it.

I advise holders to take profit and wait to buy back at lower cost..

I agree with you.. the bear that will enter this mkt after interim dividend go give people HBP

mriyesecnerwal:
After doing all that, you'll still earn 50 to 70k or 60k. GO AND LEARN A HANDWORK. It pays than just sitting down from 8am to 6pm building someone's wealth.

Simple thruth! No one ever get wealthy with salary job, its simply a rat race.

This is good, I can see the updates on their website.

I dont think we have it in Nigeria, they called it Kuroiler in Uganda. It is a dual-purpose breed that was introduced in Uganda in the year 2009 from Keggs Farms, India. It is said that Kuroiler can survive on free range, but they need to feed continuously, as such the can reach up to 3kg at 4 months and 4kg in 6 months.

aresssa:
You did not answer my question, I was expecting specific ways and specific programs the government should put in place to eradicate poverty.

Teaching how to fish is just words and ordinary sayng, not, specific government actions and programs.

Again, what specific actions should the government put in place to eradicate poverty?

Pls see specific action that the FG should put in place in this recession,

1. Fix Energy/Electricity problem - If FG can guarantee stable electricity supply of 20hrs in a day, it will reduce the cost of doing business by over 20% across board. Nigerian factories that moved to other African countries will return back to base, small scale industries will naturally spring up across the country and provide jobs.

2. Fix the Steel Industry - We need the FG to revive the moribund Steel Industry, steel development is believed to be the fundamental bedrock of economic growth. The iron and steel industry, as far as the development of all facets of life is concerned, is sine quo non. All other industries stem from the steel. The oil industry, the car manufacturing industry, the construction industry owe their existence and survival to the steel industry.

3. Build Road Networks & Improved Transportation System - FG need to invest massively into building road networks to solve the problem of demand and supply. We all know the poor status of our Railways, FG need to revive the railway networks to increase traffic volumes and secure a position as a key mover of goods and people.

4. Improved Agriculture Sector - We need the FG to encourage youths to move back farms by adopting improved farm mechanization, which is still a function of the Steel Industry and our Agric Research Institutes. We need to see programs that is geared towards taking excess farm produces from small scale farmers and encourage them to move to commercial level by creating less cumbersome process to export their farm produce. We need to see concrete partnership with private companies that will invest in preservation of excess farm produces at commercial level to sustain the interest and zeal of farmers to remain in production of crops and to stabilize price.

Nigerian are hardworking people, Let FG provide a conducive environment to do business, thats all we need and you will see the positive results. Investing in commercial/retail real estate is simply a misplaced priority and cant bring the country out of this economic recession.

$200m Agriculture Vehicles.

Why do we have to spend $200m on Agricultural Vehicles, its simply unacceptable.

There are Nigerians/Research institutes that have products(tractors) assembled along this line, what FG should do is to support them and mass produced it to be available and affordable to all farmers. For example, the Tryctor was invented and designed by Femi Odeleye (of Bespoke Design Concepts Ltd) to whom a registered Patent was issued in the year 2007 by NOTAP.

Let FG partner with this chap and mass produced this tryctor at a cost of =N=50k to the average farmer, it currently cost over =N=1.3m without implements. This is the way to move the economy forward, not all these signing stuffs that dont benefit the average farmer.

Slimszy:
You have got a point... But who would loan you amidst this economic hardship where governments find it hard to pay salaries?
A friend of mine dropped the transport business recently who ply between Abuja and Keffi because of little or no gain owing to the increase in fuel price... Before now...he could get 3-4k income per day...but he hardly get 1k profit after a days job after the increase in fuel price... We have not mentioned maintenance fee, association due, fuel purchase... Sir...everything is not working in Nigeria expecially for starters...

Imagine a welder without electricity...

Pple will loan you money if you can convince them that you are serious. Thats why I said Friends and Families that knows you and your ability. Your friends need to choose a route that is profitable and watch his cost. All these factors mentioned also affects big coys too, thats why they always sack and reduce their cost.

I agree with you that small scale business start ups is diffilcult, with dedication, discipline and prayer, one can succeed. All welders in Nigeria should have closed business if they take into consideration the eletricity saga, but they are still much around working and earning their living.

Slimszy:
Where is the Empowerment? How do i start a business without funds

This is the normal excuse, you dont need million to start a trade. For example, Get a Nigerian used Ford Galaxy for =N=350k, you can convince family and friends to assist and schedule a repayment plan for one year. Get it registered in a park and drive the car yourself with good maintenance culture. I assured you, you will make not less than =N=60k every month and over =N=100k during peak period and pay back the fund you borrowed

You can get your business fund from this simple analysis.

Now ask a normal Nigerian graduate if he can do this, the usual answer is No, How can I be a common driver with my Bsc, Msc, etccc

emmahoney:
Someone can only work and gain experience if he/she is being given a chance to do so. That is my argument. The system is faulty, that is it, let us call a spade a spade. People that have been written off in Nigeria are doing great abroad. I have a friend who was unable to get a job in Nigeria but within few months in America he got three good offers. He was not employable in Nigeria but employable in America!

The system is faulty becos all of us are looking for formal jobs with tie and suits in cosy environment.

We are too lazy to think and to take action. We will move forward in Nigeria when we see our graduates (Bsc, Msc holders) moving to the informal sector and creating small businesses, setting up tomato farms ;setting up modern restaurants, setting up modern mechanics outfits etc etc etc

These small scale businesses is the engine room of any economy, that why your friend in the USA got three good offers.

Source Invstone

Zenith Bank Plc released its Q2 2016 results .

Please find key highlights of the Q2 2016 results below:

· Net interest income down -1.6% y/y to N68.9bn

· Profit before tax down -20.3% y/y to N31.2bn

· Profit after tax down -28.4%y/y to N18.3bn

The company proposed an interim dividend of 25kobo per share representing a dividend yield of 1.56% based on yesterday’s close.

Whats the price of the following

1. Power Tiller
2. Refurbished tractor

Manual labor is a major issue almost everywhere apart from the North where we have army of Almajiris. Only alternative is to use basic garden tools that costs money and not readily available in Naija. For example, a small walking tractor will make complete your bed within an hour.

[quote author=Ademat7 post=48302833]just thinking out loud!
the rate of post harvest losses is alarming in this nation, from fruits, food crops,oil crops et al
there is little industry to consume d produce and local consumption is not worth d effort and capital invested into agribusiness,how then do we generate FOREX if our target is produce&Consume style
may I also state that our fellow ECOWAS neighbours can't buy agric produce from us because they are self sufficient in food production and at cheaper price compare to ours
Your opinion about realistic solution is welcome.
Cc: jethro2,pavore,farmtech,jasper,world1 et al[/quote

Most agric businesses dont do business plan and feasibility study, result is definitely zero and post harvest loss. I just finished digesting Tomato Jos Business plan, you see their clear roadpath, model and their strategy for growth. With the business plan, no post harvest loss will emerge.

We are too greedy and selfish, that,s the simple thruth. People need to come together and operate as a Cluster and create industry along the value chain. If we have 1000 tomato farmers for example in Jethro,s location, they can achieve more together in terms of creating a tomato paste factory in their location;access funds from govt, make the location a hub for tomato in South West, reduce their cost of production, target export market to Europe and the rest of the world.

You also need to know that local demand of these products exceed its supply thats why we import virtually everything to complement what is on ground. For example, to be successful as a orange farmer, you must ensure consistency in production throughout the year and simultaneously work on having a small scale processing unit to process your fruits into juice in period of glut.

binaflexia:
Anyone not trapped should raise his/her hand!

Trap ke...Sleep mode activated....

Market is dull

Paulordiah:
you can not compare five years of university training to all those road side seminars,

5 yrs in the University has its own advantages while those road-side seminars teach you how to be smart on the street. We have an army of unemployed graduates that can use their sixth sense to start small scale businesses, yet we have wealthy folks that did not attend the university.

You need both training to survive in this current economic era.

myjoy085:
Did I just heard someone said "I will buy and go to sleep.... " Bros, please I will not say much but I must warn you to be extremely careful in the trust you are giving to these Nigeria financial statements because many are manipulated and their managements very corrupt. Key: be very very vigilant like an eagle.

Absolutely correct.

You need to be careful of holding any stock forever, every financial instrument has its own cycle.... The watchword is vigilance and make your gains and enjoy your loot.

angelo82:
http://nairametrics.com/cbn-sells-1-year-treasury-bills-at-whopping-22-pa/

Best Days for TBills in Naija

feelamong:
VERY POOR RETURNS..

WHEN PEOPLE ARE GETTING 16% PER ANNUM PURCHASING TBILLS THEM SELVES..

Exactly! Why invest with mutual fund when you can make much more yourself. And the funny thing is that they are still going to charge their mgt fee.

This is good news and the way forward. The problem is always the ability to sustain the progress, lets hope they can build on this and take over all markets in the east.

sammily:
My NTB for 182 and 364 days didn't fly with First bank, and I went with their bank rate as usual. They just refunded my money

I'm left now with Stanbic, I bidded myself (17% for 182 days and 18% for 364 days) but yet to be debited.

FBN consummated my bid for 182 days. Funny indeed.

Kalusam:
The spray tubes that is required for 1 acre of land is 1km(depending on what you are growing), however the minimum order you can get high quality Spraytube through us is 2km. This is because we deal directly with the manufacturers and anything below 5km is considered as a small order...we had to 'beg' and persuade them to treat 2km spray tubes orders due to our long term business relationship with them, they agreed! It will cost you NGN230,000 for the 2km spay tubes only. Payment and how to order same as above!

Thanks for the detailed explanation, I will get back to you.

Pls what is the cost of spray tube irrigation(with accessories( that will cover an acre of land?