₦airaland Forum

Super33999:
Fuckkkk 20 million $ is alot of money. Why do these guys don't ever stop after hitting it big

Thats the problem with fraud money
Its cursed by natural laws....

hssd8nland:
Thanks for this explanation. What they don't understand is that you can only implement price control if the government controls more than 40% to 50% of the produce. As it stands, I don't think that's the case.

Then FG should make farming more attractive to youths...
U dont expect anyone to run a farm with herdsmen and bandits...
wielding AK 47 across the country...Agric inputs are expensive ...
while tools are super expensive..cos of dollar rates...
D agric value chain is too chaotic....for SMES....
Roads to most farms are in bad shape. While transportation of goods
from North to South is in a mess...
Whats difficult in establishing cargoe railways to transport goods...
Meanwhile ..our governors are building airports like Almajiri...
Lastly ....US as a developed nation still subsidize Agric sector up to $30b per year...
Subsidy is not bad ,its only bad in Nigeria cos of corruption..
Every1 should prepare for hunger...oooooo
Cos BAT is not looking at the big picture...

emmasoft:
https://doclib.ngxgroup.com/Financial_NewsDocs/42752_VITAFOAM_NIG_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_DECEMBER_2024.pdf

Dividend - N1.05

Poor start...
N=1.56 reduced to N=1.05

Yashita:
Omo!, Oct - Dec 2025 application things. So help me God. Already an A2 level French speaker

On God 🤲

But wait, I want to do another BSc. It’s in education so that I can teach. I’m not furthering my last degree. What are my chances doing another BSc. for someone over 30?

Go ahead
Pple still go for Bsc at 40

LegendHero:
Don't follow what our useless media write in their newspaper, let me break down what he said.

They asked him if he believe in price control and he said NO.

he said it is a thing of demand and supply. When you have enough supply, the people hoarding food will not have much incentive to do that when you have enough supply. So he said rather than mandate businessmen to sell at a particluar price, he'll rather endure we produce more food and beat them with the supply such that hoarding will be detrimental.

He then proceed to give instance of petrol. He said when he brought naira for crude, the people involved frustrated him for few weeks and after allowing demand and supply to deal with them, they resorted to gradual reduction in petrol price. He said the supply is in abundance for petrol so they can't hoard any longer so they have to sell.

If anyone think what he said is bad, then they should tell us how enforcing price control by force is better.

That's the theory part of economics.......
But we now by practice that they don't work in Naija...
Have we crash the price of cement in Nigeria even with all the local producers
Dangote ...BUA... Lafarge....
What about cost of Agtic produce and common food items ?
U dont leave some sectors to the forces of DD and SS only
Or else masses go suffer...just like we are doing now...
USA dey subsidize Agric sector to the tune of $30b per year...
Let him start by reducing d cost of governance across all tiers of govt
If he is for reforms.
No be to dey push masses into poverty in the name of reforms
While the bog boys feed fat on tax collected.

Rich4god:
When you were in LFC, you didn't preach all these things.

The greatest threat to Christianity in Nigeria is all these Pentecostal churches and their pastors.

No one checkmates their actions.

Its pretty difficult to do that

LFC is the employer... He is the employee

The right thing is to leave the establishment so he can speak freely..

Softmirror:
It pays better than cows but not many people know this.

How
Pls explain

prettyamarh:
Please I’m really looking for schools to apply directly to, I’ve been searching but haven’t seen anyone (asides those private schools that are expensive).

I’ve been on this journey for a long time and it hasn’t been quite favorable for me.

Hi...
Check Unipage...
Search for all french higher institutions..
U need to go to their individual page to check their admission policy...
its a long list
U should get enough u can apply to

Macphenson:
She also presented a financial assistance of N50,000 to each groom as a grant to start a business and become self-reliant.

North keep on recyclying poverty. Imagine give each groom #50k for grant to start business. Just imagine

Start business kwo...

Na burantashi Mallam go use money buy....

AngelSlay:
Please why should he not go into production. Please explain

U have to get land ..
and other resources....to start up...
Naija environ is not conducive for production base...
2 much issues rangin from Fulani wahala... Farm Robbers.. etc
No2 is that yield is not guaranteed in farming....
No 3 is the chaotic value chain....
U get cheated if you are the lowest level...
For example.. I dont farm grains....corn etc
What I do is to mop it during harvest from
farmers...store it and sell afterwards...
U buy low directly from farmers and sell high afterwards...
U avoid all these stress associated with direct production on the farm..

SyrusdeHansome:
I also wanna go into agriculture next year but at the moment I don't know whether I should start with crop farming or animal production.

Pls don't go into production...
Find another level in the agric chain value...

TimeManager:
This illiterate is downplaying a N30billion investment to Agric Universities, even comparing the investment to a road project that cut across 8 states of the country. Who do you like this?.
This is just a gesture from the FG to enable universities make good use of their land for the purpose of food security. These universities are not meant to feed the whole of the country.

-Kiss the truth!

Its too poor.. ..
Considering the level of hunger in Naija...
If Moribund Ajaokuta Steel with no value added
has a budget of N4.5billion in 2024....
Giving N1billion per university is poor
When u use the word mechanized farming....
Then we are simply not serious...

Pojomojo:
I recently interviewed a PhD holder in mathematics and I asked him why his not in the university, his response was I was gathering the degrees hoping and thinking it would get the best job

Tell that guy to trade stocks...(local and foreign)...
He should try and save. Get fund from trusted...
family friends. Share profit percentages with them...
He has accounting and finance background
He wont look for jobs again....

Toychi:
Pilgrimage worth billions

They will start telling you...
that money no dey....
But money dey for pilgrimage...
We are not serious yet...

NetbizBoss:
Open gracing is outdated, it is only in Nigeria that we are still practicing it

Kenya has over 3 million dairy cattle's

And yet they do zero grazing

Don't know why everything in Naija isn't working....

coolestDre:
It says Quarterly on their website. Can someone that's been with FBNQuest MMF for a while please clear this annual or quarterly distribution confusion?

FBNQUEST MMF is quarterly distribution !
They either send it to your account
or re-invest it based on your mandate

NSEstudent:
Nigerian banks should be able to transact with them using the prevalent rates. I suppose they just need authorization and a gateway for that to happen.

Banks can only pay from what they sourced from CBN...
The problem is not authorization/gateway...
There is simply limited fx liquidity to go around...
We never solve Naira cash shortage...locally..
How u wan make dem solve FX problem...

ghm:
We operated like that before dom accounts become popular.

You receive money in forex and bank credit you in Naira.

You send money in forex with naira from your account.

U need to ask why they stopped it...in the first place..

Do they have FX liquidity to manage their needs ?

I remember some banks reducing their limit to $10 per month...

Thats how bad it was..and very frustrating those times I need

to fund my foreign brokerage account..

Agbalowomeri:
It will work

That provides a legal ground for prosecution

I expect dom accounts to be outlawed by the same bill

How do you pay for international transactions if there is no Dom acct ?

Are the banks ready to remit dollar and debit my account in Naira...?

We like to implement laws in Nigeria without first building the operational framework ...

Agbalowomeri:
Game changer for naira

https://www.vanguardngr.com/2024/12/bill-on-prohibition-of-foreign-currency-use-in-nigeria-scales-first-reading-in-senate/

No be the same politicians....
dey arrange with dollars...during elections...
Most laws in Naija are for masses...
Not for the elites...

megawealth01:
Interesting.

And it's 100k today?

Very interesting

The Lord works in mysterious ways.... Bros...

megawealth01:
What price did you buy?

Avg CP of N=25,155.89/
Bought in Sept and Oct

Willie2015:
aloyt:
Can anyone guide on how to buy ETFs with Morgan's itrade platform. I can't seem to figure it out. I'm only able to trade individual equities. Buying ETFs is blurred out on my account. Can anyone assist

Go to the ETF section on
the Board. Market View
U should see the ETFs that are active...
I only buy Newgold Etf

I hope you bought NewGold ETF
Its done 292% today
One of my top ETF..
It should do above N100kseamlessly

seguntijan:
PBAT PETROL SUBSIDY REMOVAL...A PUNISHMENT TO NIGERIANS?

Obasanjo spent
$15billion on subsidy in 8yrs

Yar Adua spent
$6billion in 3yrs

Jonathan Spent
$36billion in 6 yrs

Buhari spent
$50billion in 8yrs

Between May 2000 - May 2023
Nigeria spent about $106billion on cheap fuel

This money could have given nigerians over 80,000Mw of Electricity, Fix all NGR refineries, Fix all the major roads in NGR, Fix Ajaokuta steel & other but it was wasted in Subsidizing petrol not for only nigerians

between 2000 - 2023
NGR Debt equally grew from $28billion to $108billion despite Paris club debt forgiveness of about $18billion.

in 2023 NGR was servicing it's debt with over $18billion annually..seeking to borrow over $25billion on a revenue of less than $20billion.

it took a cumulative number of 3billion Nigerians to consume petrol Subsidy of $106billion in 23yrs

If PBAT continued same pattern it would just take 10yrs(2023 - 2033) to have another 3billion consume $106billion or more of petrol Subsidy raising NGR debt to over $212billion, increase debt servicing to over S40billion
with revenue remaining around $28billion(revenue only grew in value by about 70% between Obasanjo and Buhari)

Note our revenue will only be enough for 70% of debt servicing nobody will be receiving salaries again, so teachers , policemen, soldiers, Doctors and others will all go home no money to build any roads, hospitals and others
the country will become another banana republic of lawlessness and Chaos

if you think you are in pain today
what would have come without PBAT reforms especially removal of subsidy would have been amaggedon

Bullshit......
BAT should have fix the four refineries...
Eradicate oil bunkering and theft....
Stop Nigeria PMS reaching neighbouring countries through proper border control and mgt....
Four refineries working with Dangote Refinery should fix local demand..
Instead of doing the right thing...
PBAT shifted the entire burden of years of bad governance to the masses...
He is simply in dilemma in appeasing angry masses shifted to poverty by his bad reforms...
And satisfying the fat belly of his gang of elites and politicians.
He need to be careful...he will end up
being the worst President in the history of this nation...
No one remember reforms ...
with an empty belly, hunger and starvation....
Its survival first...bros..

apatuku:
Good evening, everyone.

I just received a severance package of 10 million. I am currently confused and unsure of which business to start. Please, I sincerely need honest advice for God’s sake.

Place N9m in treasury bills. (@21% per annum)
U should have additional N1.8m per year...
N=1m is for the business u intend to start..
Dont invest in anything that involves production .....
Look into service based businesses ...online bizness... buying and selling...
Examples are ..POS business...Agency banking...Stock trading.. Buyin and Seilling of Agric produce etc
Start searching for the business idea...
1- Using the invisible hand --prayer.
2. Observing ur environs to see peoples demand
3. Looking for mentors along the line of business
4. Starting small .

U will succeed..

TalkTalkTwins:
omo

Nigerians are very intelligent people, I just wish we channelled the smartness to more profitable ventures.

With the load of opportunities in the US...
U actually wonder whats wrong with these folks...

post=133270166:
Some frustrated, miserable enemies of Nigeria 🇳🇬 will still come to this thread to wail and lament, wailing 'na lie',, cos they don't want to hear any good news.

Those bad news wey una dey always pray for about Nigeria 🇳🇬 ehn,
May it never depart from your abode.

The land will bless you if you pray for her and curse and be miserable to you of you curse her.

Chickena!

Bros...
Pls google all the Songhai model farms in Nigeria...
All of them in 5 states don scatter..
In fact ...
it was so bad & shameful that Dangote had to take over...
Katsina state own...
Even the one of Lagos is deserted and abandoned.
All the Zimbabwe farmers that came to Kwara....
don relocate back to their country...
Only one is remaining....
U need to see how Kenya turn around their dairy industry..
No one like to say bad news...
But the way we do business in Naija is out of this world...
It is not sustainable..

BlackyOne:
What is wrong in using public transport? Some of their counterpart in EU, US, UK, and Asia use public transport and even walk to work.

There are no trains like the EU,US,UK and Asia...

Pricing of public transport aint fixed here...

JagabanBorgu:
This is exactly what Nigerians should be doing, but the average Nigerian will tell u how business can't work here and there's that group that keeps chanting "we import everything" but will NEVER contribute anything to increase production.

I just dey laugh....
Dem talk pass this...
When five states in Nigeria established their Songhai farms...
All of them don scatter as at today...
D Zimbabwe farmers that came to Naija....
All of them scatter too...
Na only one of them remain...
Valentine Chicken.... its a long story...
I give them 4years to pack up...
If bandit and boko boys no finish them...
Volatile biz environs or change of administration
go finish them......

yMcy56:
Meanwhile, NEM has silently touched N10 while people aren't paying attention!
Congrats to Oga Wanaj0 and all in the bus.....

In another news, an entity is trying hard to keep JAPAUL price down.....
Reason for this is still unknown...

If not for buyout, WAPIC shouldn't be trading below N2 by now.
Anyone with update on the buyout?

ARADEL responding to one positive news.......if the seller won't come and spoil show for them again

Agba said na N=12 stock
I dey loaded insdie this one and
Custodian...
Custodian self go soo move above N=15

[quote author=HenryWilliams post=133251859]don't justify nonsense.
speaking eloquently with ability to communicate effectively is a key hallmark of a leader.
selecting half educated ill bred louts to public office is a crime against the state.[/quote

Tell me what all the eloquent...
leaders in Naija don do...
No stable electricity for over 60 yrs...
Common water ... e no dey...
To chop self ...its a problem....

ogaemma:
I saw the video yesterday, and it was a national embarrassment that history will not forget in a hurry.
How did he become a governor in the first place?
Who were the people that screened him?
Who read his manifesto for him during his campaign?
Are they trying to say now that this is the first time they notice that the man is not fluent in reading and speaking?

You see, I will still blame the system and our failed institution's.
They are all aware that the man is uneducated.
But because someone wants to enthrone himself as a godfather, to control the state they will see nothing wrong in what they have done.
I have said it in some of my past article's.
That in the NIGERIA system, those who are supposed to be in the Government houses are the ones in the motor parks, while those who are supposed to be in the motor parks are now the ones in the Government houses.

D ones that speak...
Queen English with top certificates....
are still looters ....
with no value added to Naija...
No be Prof Pondei collapsed under guilt of corruption...
Or Accountant Gen of the Fed that is in court over N100billion.
Lets see what he can do for his people