X2X's Posts
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spyder880: The tank stand is now painted a silver grey colour.Excellent. |
pappilo: You make absolutely no sense. All you are doing is dropping a few terms you heard on Bloomberg/CNBC to try to bamboozle others.Exactly my thoughts when I read his posts. |
Thank you. I will get in touch. |
ehonda The machines you sell, do they come with any warranty? |
@OP, Please can I have your email address? Thanks |
@OP, Please can I have your email address? Thanks |
@OP, Please can I have your email address? Thanks |
labeecee: I wouldn't place any pictures of the area sir.But why not? Is there anything you are hiding or is it just too much hassle? labeecee: My word is my bond, besides I have a reputation to maintain.Does posting pictures harm your reputation? labeecee: I could easily post pictures of any area and you wouldn't be able to tell the differenceWould it not be far easier to post the pictures of the actual estate? labeecee: a few hours isn't too much to ask for.Yet you are unable to spend a few minutes to upload the pictures? labeecee: You just send someone to come see.Post the pictures, that way folks know whether it is worth the effort or not. Could save everybodies time, including yours. |
gtrust: Laroche: You refused to answer my questions about Platinum Park which you advertised here on Nairaland.Nothing happened, hence the silence. Isn't it obvious? Allegedly, the Platinum Park and Regal estates have been sold out and that is about it. They even had one estate in Ikorodu and another in Mowe/Ofada they did before Platinum Park and Regal. Still no documentation, no development, no nothing, er, apart from fencing, a stage managed "physical allocation" and plenty stories. All I can say is buyers beware. X! |
saanil: I wanted to know is there any power company listed on NSE? I was collecting some data on electricity production in Nigeria and needed some reliable sources. Any help will be greatly appreciated.@saanil I assume you are talking of companies operating chiefly in the power sector (e.g. generation, transmission and distribution). As far as I know there are none listed on the NSE. Power generation, transmission and distribution has mainly been the sole preserve of the state owned Power Holding Company of Nigeria (PHCN) but things are gradually changing. A number of independent power plants are in the works. Bear in mind that some listed companies (e.g. WAPCO) have their own small/mini power generation plants - this is usually to prevent their primary business activities from being affected by the unreliability of the national grid supplies. You may want to look at the NERC website (http://www.nercng.org/). You may find additional information about power in Nigeria there. X! |
pappilo: I also researched Ghana Tbills and was almost going to bite the bullet but I decided with my head and pulled out last minute.The value of the Ghanaian Cedi has been eroded drastically since the new Cedi was introduced in 2007 and if this devaluation trend continues (most likely will) it will be a complete waste of time investing in their Tbills.Excellent analysis and post by pappilo. Fully agree. |
Seun: @X-2-X: My banker told me that the secondary market requires a minimum investment of 250 million naira. I hope he wasn't lying to me ...Seun, your banker is most definitely wrong. I believe the same minimum limits apply in both primary (i.e. auction) and secondary markets. I have experience of trading with far much less than 250 million on the secondary market so I don't know what your banker is talking about. ayztech: ..............I agree to an extent. Yes, there are "peeps" looking to liquidate every now and again - to have a better chance of finding such people, you need to be with a bank or broker with a sizable client base. Regarding interests being less, the thing you should remember is that interest rates fluctuates and depending on a number of factors, (e.g. whether you are a buyer or seller, the direction of rates between the primary and secondary transactions, how desperate the you are to enter or exit, etc) you may gain or lose (a little). The point I was just making to you was that TBills are liquid and you won't necessarily be locked in or have to go for exhorbitant loans if you need your capital prior to maturity of your TBill investment. |
Seun: The interest is always paid upfront, but if you need more cash urgently, you can get a bank loan using tbills as collateral. ayztech: eeeooooo!!! this is trouble for me ooo..Seun is right but I am not sure if that is the best route. It is certainly not the only route. As far as I know, TBills are liquid. You can buy/sell on the secondary market as well, not just at auctions. I dont know how this works with banks (I dont invest through banks, rather I use a fixed securities investment house) but in general it is possible. If you invested at say 13% for 365 days (12 months) and interest was paid upfront, then say after 4 months you need cash, you can sell at the secondary market to a willing buyer at say 12.5% for the remainder of the term (i.e 8 months). This means that you will have to settle the buyer upfront from part of the interested you collected upfront for your original investment, but the thing is since you are selling at a lower rate (in this my example), you are not really loosing out: You have earned 13% p/a for 4 months and also earn 0.5% p/a for the remaining 8 months. Problem only arises if you dont find any buyer on the secondary market at a agreeable rate. The rate at which you can sell is subject to bargain. In fact sometimes when I bid at auctions and fail my broker will offer me something from another of their client who wants to sell (secondary route). I dont have proof but I sometimes feel my broker is intentionally bidding too high for me at the primary auction so that they get to offload to me from their clients (or their own holdings sef) via the secondary market, if you see what I mean. But hey, who am I to complain? Note p/a = per annum. X! |
Despite the unforeseen situation of the land being waterlogged, progress on this project so far has been impressive. Very impressive. One concern that was raised at the begining though was that by "importing" labour from Enugu, you would draw the ire of the local youths and this could be disruptive. Has this risk materialized? Have you had to do anything special to manage the local youths? Or has it just been business as usual? Apologies if you have already answered the question earlier in the thread - I may have missed it. |
ayztech: Oga Feelamong sorry o I can't seem to find the attachment; how do I see that please?Just look at the very first post on this page (i.e. page 24). On the post (by feelamong), look at feelamong's signature. Below the signature you will see a link - I have just put the link here again: NTN Schedule By Feelamong in case you miss it. Goodluck |
Marpol: Whatever happened? No updates again?What can one say about this Ambassage people? Put it mildly: too many broken promises. Put it bluntly: too many lies. Unfortunate. |
Jamesqu: Pele...with all his posts online, I had him on speed dail for next year, but after this...I don delete...I feel u!I still do not understand how Brabus managed to hoodwink virtually everyone on Nairaland into believing he is seasoned builder. He is not. Please do not throw away your money. A couple of years ago (I think it was around 2010) when he was at the earlier stages of (what was allegedly) his house in Sagamu, he was on this very forum asking newbie questions. I still remember vividly because one particular Nairalander (with handle aasog or aasog1 or something like that) stood out amongst others on that thread in terms of the quality of advise he was giving Brabus and on this basis I had the aasog guy on my "monitor" list. I remember Brabus being openly thankful for the advice he was getting and throughout he did not give anyone the impression he was a professional builder, quite the opposite, he instead spoke as an average guy who just wanted to complete his personal project without getting ripped off by others - much like jaydacorsair here. And then, the next thing you will see, out of nowhere, is "NextHome Builders". Jesus Christ. Now he goes about parading himself as a consummate professional and you would be forgiven for thinking he has been building houses for ages. By cleverly associating himself with folks like Spider, Segcy, etc, he has created a perfect camouflage for his inexperience. By using superior presentation skills, he projects professionalism. This guy is practically making it up as he goes, with goof after goof and unfortunately it is clients who are paying the price. Folks, especially those in the Diaspora, before you dish your money out please triple check properly and don't be guided by what you are seeing and hearing on a faceless forum. I rest my case and wish jaydacorsair the best possible outcome from here on. X! |
x-fire: debosky: ^^ It's not impossible, but it would be difficult. You may need to do a lot of pre-work to qualify possibly in the form of a post-graduate diploma to bridge the knowledge gap between engineering and microbiology.I agree with both the above posts. |
fitzmayowa: First class in mathematics how do I get into an oil n gas coy?Your degree, especially if it was from a reputable Nigerian University (Ife, Ibadan, Benin or Lagos), puts you in very good stead to succeed in something like Reservoir Engineering (this is an area of specialisation in Petroleum Engineering). I suggest you do a Petroleum Engineering Msc from either Imperial College or Heriot-Watt University. I would strongly recommend Heriot-Watt because their course is more vocational (Imperial is more theoretical/maths oriented which would not help you since you already have a solid maths foundation) in my opinion. I know many Reservoir Engineers working for super majors (BP, Shell, etc) with first degrees in core sciences (e.g. Math or Physics) and a "conversion" Msc in Petroleum Engineering. If you really want to open doors, make sure you get a distinction in your Msc then sit back and watch the big guns fall over themselves trying to hire you. I am talking from experience. Goodluck. |
spyder880: Bros, you are simply an achiever. This is top rate performance from a real pro. We in Nigeria are very proud of this.@spyder880: Very well said. @kez007: Well done!! Great job you are doing right there. |
So what was the original contract sum? You mentioned 40m somewhere. Is it right that the contract sum jumped from 40m to 70m? I find that very worrying. |
abdulkayus: Abeg, all dis show on music and fake reality show don too much na. We need program on STEM; Science, Technology, Engineering and Mathematics, dat will encourage youth to go for science nt all dis dance and sing show. All d one dey hav been doin b4, hw many of dem don blow apart frm few flash in a pan.Very well put. |
brabus: Amazing InfrastructureIf you don't mind sharing, what is the name of this estate? Thanks. |
It may be convenient for you to post very long messages to make my challenge here less obvious to casual readers. Would it not be better if you respond and clear the air instead. [size=40pt]Please stop deceiving and misleading people[/size] [size=50pt]BUYERS BEWARE[/size] |
I love the simplicity. Well done. When you gave the cost, was it up to the stage shown in the first or second pix below www.nairaland.com/attachments/1006881_photo0647_jpgfbfbe8b6f4b49ac53d2b6fe262a352c1 www.nairaland.com/attachments/1005942_photo0590_jpga49c596d7e5a7a51d131d5bf984f7776 |
Well done Ihebrooke. I have got a question though. Why is it that nowadays the "height" of our roofs is far greater than it used to be - I mean from the base of the roof to the top of the roof is quite a distance and you can see the sides o the roof therefore have a very steep slope, looking almost like an Egyptian pyramid. Is there any advantage of having such roofs in Nigeria? I personally dont like it but it seems to be the rage. X! |
boyosmart: Registered Name of Estate: Platinum Regal.Can you stop deceiving people? Platinum Regal Estate does not have any C of O as you are claiming. Why are you lying? |
Is the price you stated for the two plots or per plot? Are you the owner or an agent? |
Gbawe: Will the fans of GEJ curse and insult Okogie too now he is saying exactly what many have been saying repeatedly? If I were to ever respect any Nigerian man of God, it will be Okogie , once touted a possible Pope, and not all the fraudsters and pastorpreneurs , posing as men of God, Nigeria produces in copious amount.You took those words out of my mouth. |
laroche: We are ready to serve you again, as our office is now open for business. |
I am happy to engage with you one the subject as a co-Lagos resident. mapet: @ X-2-X,The main gripe I hammered on is the toll rate which I have repeated is too expensive especially in view of the scope of the expansion to be done. Please point out where I said traffic was worse. Anybody who is objective will admit that traffic situation has improved at least up to VGC coming from V.I end. But does Lagos state have any statistics on current and project traffic along that road for the next 20+ years? How then did they arrive at the toll rate? As you say, LCC was taking stats - doesn't that ring alarm bells. Does it not worry you that the governemt left it to LCC to get the stats and fix the rate? Are you seriously telling me that you think it is fair for LCC to be the prosecutor and Judge in the same case - can't you see there is conflict of interest there. Where else in the world would this sort of thing happen? Shouldn't the proper thing have been for the government to do the research first and tender openly with the tender stating the expected/allowed toll rates range over time so that there can be competitive bidding on that basis that guarantees value for the masses? Imagine LCC going of to raise capital at 20% interest rate privately when another company could have raised the same capital at 8% interest rate - LCC not minding in the current arrangement because they know they can pass all the burden to the masses. The argument that it is privately funded so therefore it must be exhorbitant does not hold water. As an MBA you should know that private funding, if competitive and transparent, with proper due dilihgence upfront can even be cheaper than government funding. I concede that LCC must make a profit, but it musn't be a rip off. Check how long it takes one car to get through the toll barrier and you can quickly work out a rough estimate of how many vehicles ply that road say during the day time. Do the arithmetic. Assume no increase in traffic over the next 20 years and tell me what the rate of return on the project is to LCC and let me know wether you think it is fair on the masses who fork out the tolls daily - even with extortionate private funding. The point you are making about the road being privately funded is surprising to me. The thing is not whether it is privately funded or not and private funding does not necessarily have to be exhorbitant. I am okay for even a government funded road to be tolled - again as long as the toll rates are fair. This is the my main gripe - the toll rates. For many years Federal roads in Nigeria were tolled but the tolls were minimal and I dont remember anyone complaining. I have said on this thread that I dont mind a toll road. As long as it is fair to the masses - on the short term and long term. Forget alternative road, make the toll rate fair and people will be less bothered with alternatives. As an MBA you should know that by bringing down the toll rates the LCC may even raise more money - win win situation huh? Also do you understand that this is a conssession that extends well into the future with no provision for further expansion. What happens in 5, 6, 7 years time when the traffic volume will no doubt increase? Does the concession compel LCC to add more lanes to the road? Does it allow them to keep on tolling regardless whether they further expand the road or not? Can you see why I think it is a bad deal for the people? And when you say the toll rate is relative I hope you are not saying that because you and I can afford it we should turn a blind eye to the fact that so many others cant. I am also sick of people always highlighting worse performing executive, e.g. Federal government and Delta state government. as an excuse to settle for less. What is wrong with Lagos doing better? What is wrong with Lagos being fairer? What is wrong with Lagosians expecting more? mapet: @ X-2-X,I am rolling on the floor with laughter. Me ignorant of tags? Abeg read my post again. My question was why are they not "vigourously promoting" things like that, meaning I know it exists but I want the LCC/government to do more to encourage people to take it up so that the toll gates throughput is enhanced. I was asking one danfo driver the other day why he didnt get an e-tag. He said he could not sacrifice his work time to go to a bank to get pay for one. I did not think that was a good reason though but how about LCC taking a promo to the Ajah bus loading point at CMS and giving danfo drivers big discounts on the tags - the danfos queing up at the plaza will be much reduced. Things like that is what I am talking about when I say "vigorously promoting". I am not ignorant of the tags, I want to see thing like that being promoted more. mapet: @ X-2-X,Lekki today, who knows where it will be tomorrow. Don't complain when one government slams toll plazas on Bank Anthony road, on the expanded Lagos - Ikorodu road, on third mainland bridge, etc. Afterall it is pretty standard - according to you. |
Billyonaire: The Road Construction is fantastic but erecting multiple Toll-Gates within miles actually impede the free flow of traffic which is what people complain about. It is better for one to pay the 600 on one toll plaza than pay in 2, cos the more the toll plaza the greater the delays and serial traffic chaos.Exactly. Moreover, think about the cost or erecting the additional, unnecessary toll plazas. Think about the disruption caused during construction with severe traffic hold up. Totally unneccessary and utterly counter-productive. Is there any sense in that?. Borlahr: Surely, he should be made to perform more and better than he is doing. However, an appreciation of his good work should come first not antagonist of his programmes or ideas. Eko oni baje ......, Obaa je tii .........Lagos already showed appreciation to Fashola by returning him for a second term. I would be the first to sing his praise when he does right, yet I would also frown openly and make the point when I think he's made a mistake. If Lagosians fail to highlight mistakes the Government is making, it wouldn't be showing appreciation, it would be sycophancy. We should not miscontrue disagreeing with a specific action or policy of government to equate to ingratitude. Fashola asked for the opportunity to serve Lagos and it is him who should be the most grateful - that Lagosians have chosen him, out of many, and given him the rare priviledge to lead them and to write his name in history. The fact is I voted Fashola and if given another chance, I will vote him again. Borlahr: I enjoy ur write-up. Well meaning and sensible talk, more of ur kind should be encouraged to pass sense in to d medular of NigeriansThe dude says "the difference between Lagos and Texas is not so much" and you think he is talking sense? Worse still you think he is well placed to "pass sense in to d medular of Nigerians". May God help you. |
