₦airaland Forum

rmx:
I tell you , All my 550k units was snapped up in less than 2 mins . Make other people chop too . I don comot this market

Thanks customstreet

U for dey release am...
in tranches na...
till he reach 60..

Princkez:
bought some tashere units on friday...let's see how it goes.

Picked tasere units too..
dis tasere units sometimes dey outperform
stocks wey perspn place hope..
Newgold ETF gave me 40 percent profit
with the tasere unit wey i get...

Hisimperialmaje:
With the US visa being the toughest visa to get, why not try other countries than throwing away your money

Dont mind them...
Russia dey..but they wont go..
Even with scholarship... from the govt...
No be book dey wan go read...
No be the same book dem go read for USA
Na in dey Russia...

Bbbwings:
Thank you o.
But does anybody wish they had invested thier whole holdings in it.

Nope...
Its pretty tough one to invest ...
ur holdin in one single stock...
One single event can wreck ur capital...
Other stocks in banking, insurance, oil & gas still delivered.

currentprice:
price was less than N20 as at this post this year

Welldone...

;Excellent picks...

mrvitalis:
The fact u are used to corrupt system doesn't mean it's a norm

See the below link...
See those folks are partners of even the CBN...
Banks go dey patronise them...
https://www.nairaland.com/7814023/emefiele-accused-secretly-selling-3.4

mrvitalis:
The fact u are used to corrupt system doesn't mean it's a norm

Thats why I told you...
Pumping money is not the solution...
Let them find another way
How do you prevent the likes of Dangote..Bua..Oba Otudeko etc
from hijackin this fund..
Banks derive their incomes from these top guys...
And in return they allocate any funds them...
In addition..they are connected to the Presidency.
It is the Nigeria way of doin bizness...

mrvitalis:
That's when you do something via government

Banks have data of all the legit businesses in Nigeria... It's not rocket science oga

Banks list top 20 importers of say cloths

You take the list, how much do you need to set up a profitable business manufacturer what you import... He talkes u lend the money to his bank to lend to him and monitor him

You don't give people who are not in the business money to start that's not how it works

It seems u are not in Nigeria...

U are talking theories..

Who owns the banks ?

Who determines the manufacturing coys that get loans ?

Govt is the biggest spender in Naija...

They determine what goes on to a large extent...

Go and check the list of the big boyz on the NPL reports of bank

mrvitalis:
Like I said making a micro economist CBN governor and minister of finance is a tragedy waiting to happen

Buhari did same at least they were humble to accept they didn't know took time before taking decisions

Now we have a bad combination of arrogance and ignorant people as heads of our CBN and finance ministers


my solution
Cutting money supply would harm the already struggling businesses ...so what to so

Pump money into key manufacturing sectors as low interest loans 10% max give them 8 months before Tenure starts

Make sure they are in this two areas 1) import substitution products 2) exportable products produced at below international market price

This would marke goods available to match money supply dragging down inflation creating jobs and increasing revenue for g
Note when I mean pump in money I don't mean 50billion 😂😂

I mean 5 trillion minimum

Pumpin money is not the solution...
in an environ with high corruption and greed...
U will end up with huge financial losses.....
Nigeria Managers has a terrible ways of making funds disappear..
It will be hjacked by politicians and elites..
Read about the Nigeria’s N117Billion Rice Import Quota Scam ......
Involving Aondoaaka, Aliero, Dangote, BUA, Stallion Group...

Elims91:
Because he lost his job you decided to treat him bad

Every man should have not less than 3 streams of income....

U will know the true nature of a woman...

the day you lose your job and you dont have a back up to provide...

A husband in this scenario need to have double portion of Patience...

wunmi590:
Good morning to you all,

So yesterday, I was in one of my family house at obalende to say hello, immediately I entered I just sighted a beautiful bag with food stuff..

I was told it was shared freely to all the resident of of the LCDA...

Honestly, all the elected politician in ikoyi obalende are special breeds, their love for development and extending their hands to people who needs is very high...

Lagos lead, others follow, I know they will still share school stuff for students resuming soon...

It's their usual practice to share branded school bags, mathematical sets, shoes 👞 and some other school stuff, to help the student well when resuming and helping the parent to save from there...

What's so difficult in...
crediting their accounts with cash palliative and an identified BVN...
for transparency and audit purpose...
Corruption is a problem in Naija...
80 percent of those food items will end up missin

fastseo:
spent over 12m in japa

it's no longer easy through school.

Too expensive...
There are European countries
with 1000 euros as fees..

I expect this consultant to be professional...
Get a master list of all employees...
Inform each individual university/org expected date of visitation and duration...
Dont understand why they have to invite every one into a hall...
It a simple recipe for chaos...

Sept is historically bearish.. Trade safely and invest in quality stocks.

.

Mpeace:
Its not too bad though they can do more. I love the fact that they pay quarterly.
At this exchange rate of theirs we should be getting about 22.8 naira per share for the quarter.

That's the attraction in Seplat ..Quarterly dividend is sweet.. I dey buy am for NGX.. and LSE

lexy2014:
But earlier you said

You see that you aren't even consistent. Why d inconsistency?

Are you a baby that you can't answer my questions?

If you are saying "Read between the lines", you are acknowledging that your responses didn't in anyway answer the questions.

Let's try again.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

Have a nice day

Lawyer lexy2014

lexy2014:
But earlier you said

You see that you aren't even consistent. Why d inconsistency?

Are you a baby that you can't answer my questions?

If you are saying "Read between the lines", you are acknowledging that your responses didn't in anyway answer the questions.

Let's try again.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

Have a nice day

lexy2014:
Are you a baby that you can't answer my questions?

If you are saying "Read between the lines", you are acknowledging that your responses didn't in anyway answer the questions.

Let's try again.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

U are really a kid

from the above response...

Have a nice day

lexy2014:
Not even remotely. Pls try again.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

Read between the lines..

U are an adult ....

lexy2014:
You haven't answered the questions.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

Your answers are listed in my response...

lexy2014:
You haven't answered my questions.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

Ur answers are listed in my response..

lexy2014:
You haven't answered my questions.

1. Why should he give any solutions?

2. Does Atiku work for Tinubu?

3. I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

4. Why does he now need Atiku to give him solutions for the problem he created himself?

5. If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

6. If you read the article and if you understood it, you would have see6the alternative that should have been done.

7. with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

1. Is Shaibu not a Nigerian ?

2. Is Atiku not a Nigerian ?

3. Is the President not takin action to deal with Nigerian problems ?

4. Which problem did Tinubu create for himself ?

5. Is this not a Nigeria problem again ?

6. Are those alternatives feasible ?

7. How do u judge an administration just under 3 months ?

lexy2014:
Why should he give any solutions?

Does Atiku work for Tinubu? I thought Tinubu said he wanted to be president to find solutions to Nigerias problems?

Why does he now need Atiku to give him solutions for the problem he created himself?

If you are expecting solutions from Atiku, are you suggesting Tinubu got it wrong?

If you read the article and if you understood it, you would have see6the alternative that should have been done.

with all the hype about Tinubu being a "trategist", am yet to see any meaningful strategy. What is happening?

Criticisms without providing a feasible alternative is simply stupid...

There is no magic wand to the situation on ground...

It need inputs from all stakeholders...

Increasing production and exports is not ideal with the situation on ground...

Nigeria is broke.. .

Just a few months into Tinubu Admin...

4 yrs is a long time ..lets see what he can achieve,

leanonme82:
It has to be stabilized through NNPC. The oil imports are putting too much pressure on the newly deregulated FOREX market. It's good & creative way to stabilize the dollar demand.

The naira freefall can't be allowed to continue cos it will increase petrol prices. When the refieries are working and we don't need dollars to import fuel, the demand on dollar will reduce and the loan will be removed.

Nigeria can't afford for fuel prices to rise further. It will increase inflation. The president did the right thing. Atikus guys just pissed he made dt choice. They were loving the disaster that was about to happen.

Dont mind that goat.

He criticised Tinubu efforts...

yet could not give any solution to the problem.

MadamExcellency:
Why didn't Nigeria suffer so hard when the kerosene subsidy ended?

Tinubu is not the first to end a subsidy regime. Diesel subsidy ended and companies didn't pack up. President Tinubu was ill-prepared for the job and nothing else.

The lack of due process sank the Economy by declaring an end to subsidy on PMO when he still had a month to study the way out but overzealousness wouldn't allow him to take advice from his predecessors.

Poor Folks using kerosine had alternatives...charcoal ... firewood..gas...

Folks using diesel also had alternatives (Move to PMS or settle NEPA in their environs)

No alternative to PMS...

While i agree with you on the rush to end subsidy by the FG...

We all knew that there is no budget to pay for subsidy since PMB never made provision for it...

Does not really matter who is the President

D poor governance of past years is fully back to haunt us.

It is a sign of inevitability...

[quote author=Mrtaye post=125132981]The solution is functioning refineries be it regular or modular refineries[/quote

It takes time to fix a functional refinery..
Modular refinery cant come up in six months..
Meanwhile, we spend 90 percent of revenue on debt servicing..
Thats the problem

Jomonix:
Temporary subsidy on petroleum is not the way to go. Government should try and sanitize the purchase and supply chain associated with the diesel and PMS business. The inherent corruption should be addressed

The sane question is...

How do you address the inherent corruption ?

Racoon:
The real economic indices are just pointing to an uncontrollable double-digits galloping inflation. This is the effect of reactionary and itchy balabloo-blu-bulava heroin drug baron economics that was being overhyped by his zombies as progress. It remains the more constricting austerity measures.

.
As at April 2023...
Nigeria uses 90 percent of its...
revenue to service debts according to World Bank..
Sincerely. there are no quick fixes or soft solutions...
for the current administration..

Ventura1:
Banks are complicit, that I'm very sure.

This is the major challenge of the Nigerian system...
Greed and corruption....
Banks and even CBN guys are always complicit...
Most of them have stakes/partners with black mkt operators to channel these funds..
One marvels at the poor level of regulatory supervision
even the CBN has on banks activities when it takes 7 solid years..
for CBN to release its financial statements, ;
Just imagine how Emeifele refused to release f/s report for 7 solid years...

yMcy56:
No o. Not any sign to offload...
That was why the reason was stated there.......to buy house, maybe for Madam or mistress ....
He still have more than enough shares left, the units sold was like 0.02% of his holdings.
* Besides, the transaction took place in LSE if I'm right.
Telecoms na where money dey o.

D stock gave me 10 percent..profit
on LSE ...quite a surprise..
from a stock I am expectin a big dip...
Cos of their last report..

EconomistXplain:
tinubu's major problem in the economy management is dangote who has refused to begin operation of his long awaited refinery project....

if he (dangote) does, then petrol import will stop... foreign exchange will b saved..huge demand for FX will decline...supply of FX will begin by major private firm....then naira and everything else will stabilize

1.Why should we wait for Dangote...?

2. Fix the available refineries...

3.Or sell them to someone that can make it functional.

4.We dont need soothsayers to tell us these facts.

Holla911:
How could he have repaired the refineries while paying subsidy ?
One had to go for the other. We have no choice but to endure the difficult time while hoping and praying our leaders get it right.
The current hardship is a global pandemic.

There is enough money to repair refineries...
If Tinubu can reduce the cost of governance...
But it is a suicide in politics....
Dats the challenge...